Executive Summary First Farms Corporation started as a small animal feeds manufacturing in 1950s. The company has expanded to other agribusiness products and set up nationwide facilities. Though the company has performed well‚ it has a dilemma – a huge deficit in the operating cash flows of Php 719 million despite increasing revenues. Also‚ return on equity (ROE) is decreasing. In analyzing the case‚ the group is taking the point of view of the Vice President for Finance – addressing the
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I. Point of View This group takes the point of view of Mr. Ricardo Sarmiento‚ Vice President for Finance of First Farms Corporation (FFC for brevity). Mr. Sarmiento will present to the Board the financial performance and financial position of the company from 1993 to 1995. In the process‚ he will also make recommendations as to the feasibility of the proposed expansion. II. Case Context In 1995‚ FFC raised P1.1 billion from its initial public offering. P500 million of the proceeds was used as working
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Introduction to International Business Assignment Title: Individual Assignment – Book Review Book title: The World Is Flat- the Globalization World in the Twenty First Century Author: Thomas L. Friedman Introduction ‘The World Is Flat- the Globalization World in the Twenty First Century’ is a well written book by Thomas L. Friedman based on his personal experience‚ case studies‚ and etc. He explores the political and technological changes that have made the world a smaller place. From the explosion
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The profitability ratio of First Farm Corporation (FFC) shows that the Net Profit Margin of the company improved due to the increasing Net Sales and Net Income in the year 1995. The said improvement is due to the increasing sales in the chicken and feeds business as oppose to the fair increase in the cost of goods and operating expenses. Also‚ this improvement can be directed to the launching of the new line of extruded aquaculture feeds and the company’s entry to the fast food business. Return
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First Farm Corporation (A) Time Frame: 1993-1995 Point of View: This case study deals with the point of view of Ricardo Sarmiento‚ the Vice President for finance of First Farm Corporation. Statement of the Problem: Why does First Farm Corporation have deficit operating cash flow despite of increase of 40% in sales‚ 89% in net income and improvement in liquidity? Objectives: To give Mr. Sarmiento an explanation and recommendation. Areas of Consideration: Internal Environment Strengths
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Natural Phenomena Criteria Describe how any three natural phenomena impact/have impacted Caribbean Social and Economic life in the past and present Caribbean. Phenomena chosen: Hurricane Earthquake Volcano Introduction Natural Phenomena: An event occurring which is not man-made; it is of nature Examples include: Sunrise Weather (Hurricanes‚ Earthquakes‚ etc.) Biological Processes (germination‚ decomposition‚ etc.) Varying types of natural phenomena exists which may include:
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manifest to the living‚ typically as a nebulous image. A CBS news poll discovered that 48% of people believed that ghosts existed and 45% believed they did not. These results show that Americans seem to be split between accepting and rejecting the phenomena. There are many different reasons for people’s beliefs like fearing the deceased‚ media providing pictures‚ stories and information that seem to be convincing to the audience‚ and an explanation as to why events happen in their lives. I hypothesize
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Twenty-century music for Tuba: Analysis and Pedagogy methods of Solo Tuba of the master recital selected repertoire Chapter 1 Even though the tuba was not known as a solo instrument for another century‚ the bass tuba in F was created by Wilhelm Friedrich Wieprecht and Johann Gottfried Moritz (1777–1840) in September 1835. It was decided that a big bass instrument was required‚ to produce low harmonics in the brass family. Since then it has been used as a bass part to support and accompany other
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global organizations of the twenty-first century Milorad M. Novicevic & Michael Harvey Available online: 09 Dec 2010 To cite this article: Milorad M. Novicevic & Michael Harvey (2001): The changing role of the corporate HR function in global organizations of the twenty-first century‚ The International Journal of Human Resource Management‚ 12:8‚ 1251-1268 To link to this article: http://dx.doi.org/10.1080/09585190110083785 PLEASE SCROLL DOWN FOR ARTICLE Full terms and conditions of use: http://www
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Target Corporation was founded in 1902 by George Dayton in Minneapolis‚ Minnesota. It was originally called “Dayton Dry Goods Company” and then later became Dayton Company in 1910. By 1962‚ Dayton Company opened its first discount store in Roseville‚ Minnesota by the name of “Target”. By 2000‚ all Dayton Hudson Corporations changed their name to Target Corporation. It opened three operating divisions including Target‚ Mervyn’s and the Department Store Division. In 2001‚ Target’s division generated
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