TO: VEFA TARHAN‚ SPECIAL TOPICS IN FINANCE FROM: MAHMUT MACIT‚ AHMET ARDA ATIK‚ CAN KORKMAZ DATE: NOVEMBER 4‚ 2014 CASE: PIONEER PETROLEUM CORPORATION Overview of the Company Pioneer Petroleum Corporation established in 1924 and operating in oil refining‚ pipeline transportation‚ and industrial chemical fields. Company uses weighted-average cost of capital (WACC) as a discount rate to discount future cash flows that generate from possible projects. According to net present values of these possible
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Case Analysis of Nike‚ Inc.: Cost of Capital Apparently‚ the issue of Nike’s case is to control and check the calculation cost of capital done by Joanna Cohen who is the assistant of a portfolio manager at NorthPoint Group. But I am willing to tell you that it can be a complex case in which we can doubt about sensitivity analysis done by Kimi Ford (portfolio manager) because her assumptions such as Revenue Growth Rate‚ COGS / Sales‚ S &A / Sales‚ Current Assets / Sales‚ and Current Liability
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“The average man does not want to be free. He simply wants to be safe.” H.L. Mencken. Over time in society the rights people in America have to be free has become overthrown by the idea of being safe. In today’s society due to police brutality‚ hiding your identity‚ and prejudice the people have to worry more about being safe than their right to be free. People want to be safe before they can feel free. Police brutality is a prime reason an average person would want to be safe before
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The Benefits and Costs of Corporate Social Responsibility – Critique The article focuses on why companies engage in corporate social responsibility and the costs and benefits that may result. The many reasons that motivate companies to include CSR in its operations range from wanting to be good global citizens‚ trying to look good in the eyes of different stakeholder groups‚ trying to retain employees‚ drawing consumers to buy a company’s products or services‚ environmental concerns‚ or trying
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THE BENEFITS OF SARBANES-OXLEY AND CORPORATE GOVERNANCE MEASURED AGAINST THE COSTS Salim Motala A research project submitted to the Gordon Institute of Business Science‚ University of Pretoria‚ in partial fulfilment of the requirements for the degree of Master of Business Administration. 14 November 2007 ABSTRACT The Sarbanes-Oxley Act of 2002 (SOX) is the only legislated corporate governance structure‚ and is aimed at increasing investor confidence in public companies by forcing them
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Contributors to Microbiology Pioneers of Microbiology I. Antonie van Leeuwenhoek (Oct. 24‚ 1632- Aug. 30‚ 1723) A. In 1676 Leeuwenhoek saw tiny organisms in water‚ he was the first man to observe and describe bacteria accurately. He discovered microscopic nematodes‚ blood cells and sperm. He also made over 500 microscopes to view specific objects. B. Microbiology is concerned with the study of all forms of life that are too small to be seen with the naked eye. Antonie’s work
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*Industry Averages-SIC #2711 (Newspaper Publishing) Common Size Balance Sheet Ratios % Assets: Cash & Equivalents 8.6 Accounts/Trade Receivables (net) 15.0 Inventory 5.7 All other current assets 2.0 Total current assets 31.2 Fixed Assets (net) 33.6 Intangibles (net) 23.0 All other non-current assets 12.1 Total Assets 100.0 Liabilities: Notes Payable-Short-term 2.6 Current Maturities of long-term
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The intelligence community received a great blow to their credibility as well as the ability to maintain trust from the general public during the pre-war estimate in 2002. The issue with the intelligence collection for the pre-war estimate had resulted from limited validated intelligence supporting the data analysis. In order to fully validate the intelligence‚ all-source intelligence can be utilized in order to gain insight on a particular target‚ and determine the information gaps that may be present
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References: Green‚ S. (2011). The would-be pioneer. Harvard Business Review. 89(4)‚ 124-126.
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Financial Analysis of Pioneer Petroleum Corporation Yi Lyu Harding University Abstract This paper aims to analyze the case of Pioneer Petroleum Corporation. It will analyze the financial summary of Pioneer from 1983 to 1990 as well as the U.S. capital markets from 1980 to 1990. It will present correct calculations of the overall corporate weighted average cost of capital‚ and will discuss the constant growth dividend valuation model and capital asset pricing model. This paper will choose either the
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