In the add the actors not only resemble the average “Joe” through appearance but also through the language used. In the capmgainge the actors describe themselves as a “hardworking” individual. The adjective “hardworking” is a term used to describe an ordinary individual that works every day to survive. Having a “hardworking” individual in Hilary’s add serves to give hope that these “average’ families are “hardworking’ due to the jobs that are provided. The add wants…
Monopolistic competition had first been identified in the 1930s by Edward Chamberlin and Joan Robinson. Monopolistic competition is a form of imperfect competition with no barriers to entry and many firms. This essay intends to analyse the impact of branding and innovation in a monopolistic coffee market with an analysis of its effects on short and long-run profits. This essay will then discuss how applicable theory is to the real-world with a focus on the competitive advantage gained from…
In life, the average American’s goal is to become happy and maintain a comfortable lifestyle; and some might believe that a way to do this is to become wealthy. Although some Americans have succeeded in the goal of becoming considerably wealthy, some haven’t in terms of achieving happiness. According to U.S. News, “The OECD ranked the United States No. 1 in terms of household wealth and 12th in life satisfaction out of 36 countries tracked.” Most average Americans believe that wealthiness is the…
The Evolution of the “Cool” Kid In Elementary School, there was this one popular kid who was “cool” because he didn’t like to work and harassed people. He never put in much effort or excelled at anything in school, other than gym class. For the sake of confidentiality, let’s call this guy John Doe. John spent his elementary days goofing off and doing anything except for his school work. I remember the days of recess being some of the most fun I’ve had at school. All of the days outside seemed…
people are usually entitled the label “heroes.” Heros are usually strong, and have some sort of superpower to get them to where they are now. Yet no one ever really thinks about the average Joe as being a “hero.” In the Old Man and the Sea, Hemingway develops Santiago as an archetypal hero in order to reveal that average people can be inspirational and just as important as heroes in their lives. Hemingway reveals this by giving Santiago the character traits of being humble and self kept, being…
had to decide on a beta to use for Nike Inc. for use in the CAPM approach. The logical choice was to use the average (0.80) to account for the large fluctuations seen in Nike’s historic betas. We felt that the YTD beta was a reflection of current business practices, but the goal of Nike Inc. was to look forward and gain back market share and increase revenues. Consequently, we felt the average beta reflected the historical business practices of Nike Inc. better. From here, we calculated the cost…
Modigliani and Miller (1958) provided a new theory of capital structure, suggesting that a firm’s choice between debt and equity has no impact on the firm’s value. This became known as irrelevance theorem. However, this theory is surrounded by a number of assumptions that can be analyzed in turn. The first assumption from Modigliani and Miller (1958) is that firms operate within a perfect capital market. The perfect capital market is defined by Fabozzi, Neave and Zhou (2012, p 87). Firstly,…
unsure what to do and had her own discounted cash flow forecast developed. As she was still unsure of her findings she had her assistant, Joanna Cohen, estimate Nike’s cost of capital. Cohen used WACC, weighted average cost of capital for the estimate of 8.3. WACC is the weighted average cost of capital. Its calculations consist of a firm’s cost of capital in which each category of…
On a daily basis, the effects of the crisis could not have been more clear. Although the actual oil supply did not go down substantially, prices quadrupled. During the worst days in 1974, oil prices had risen four fold, from “$3 a barrel on October 16 to $11.75…by Christmas.” A lack of heating oil was “freezing up the Yankees” since the crisis coupled with the coldest winters of the century. Not being able to drive as much took a particular toll on morale for Americans, whose lives had become…
Complete the following problems. 1. Write C++ statements to do the following: a. Declare an array alpha of 15 components of type int. int[] alpha = new int[15]; b. Output the value of the 10th component of the alpha array. System.out.println(alpha[10]); c. Set the value of the 5th component of the alpha array to 35. alpha[4]=35 d. Set the value of the 9th component of the alpha array to the sum of the 6th and 13th components of the alpha array. Alpha[8]=(6*13) e. Set the value of the 4th…