Friday, October 25, 2019
Comparison of Wendys International, Inc. and Starbucks Corporation Bas
Comparison of Wendy's International, Inc. and Starbucks Corporation Based on Finances Wendy's International, Inc., incorporated in 1969, is primarily engaged in the business of operating, developing and franchising a system of quick-service and fast-casual restaurants. As of December 28, 2003, there were 6,481 Wendy's restaurants (Wendy's) in operation in the United States and in 21 other countries and territories. Of these restaurants, 1,465 were operated by the Company and 5,016 by its franchisees. As of December 28, 2003, the Company and its franchisees operated 2,527 Tim Hortons (Hortons) restaurants with 2,343 restaurants in Canada and 184 restaurants in the United States ¡]Smart money, 2004. Starbucks Corporation purchases and roasts whole bean coffees and sells them. As of September 28, 2003 (fiscal year-end 2003), Starbucks operated a total of 4,546 retail stores. Starbucks sells coffee and tea products through other channels, and, through certain of its equity investees. The Company has two operating segments, United States and International, each of which include Company-operated retail stores and Specialty Operations. Starbucks opened 602 new Company-operated stores during fiscal 2003. As of fiscal year-end, Starbucks had 3,779 Company-operated stores in the United States, 373 in the United Kingdom, 316 in Canada, 40 in Australia and 38 in Thailand.  ¡]Smart money, 2004 ¡^ In this financial analysis report, I will compare and contrast these two companies ¡Ã‚ ¦ finance based on their annual report and related websites. There are four parts in this report. It includes Financial Ratios, WACC, Working Capital and Dividend policy. Part  ¢Ã‚ ¹Compare and Contrast of the Financial Ratios Profitability Ratios The Retails-Eating Places industry is a very competitive area for companies to survive. Both Starbucks and Wendy ¡Ã‚ ¦s are excellent companies to earn a lot of profit in this industry. Return on sales (ROS): Harrington (2004) said that  ¡Ã‚ §this ratio indicates that what percentage of each dollar of revenue is available for the owners after all the expenses are paid to other suppliers. This ratio is related to net income and net sales which I found from the income statements of both Starbucks and Wendy ¡Ã‚ ¦s in their annual reports. The return on sales is the key profitability ratio. This ratio tells the analyst what proportion of the revenues ... ...urchasing the company's own shares, acquiring new companies and profitable assets, and reinvesting in financial assets (McClure, 2004) . Bibliography Harrington, D. (2004) Corporate Financial Analysis. 7th ed. Ohio, South-Western. Hoover ¡Ã‚ ¦s Company Records (2004) database [Internet] Available from: < http://ezproxy.mala.bc.ca:2051/pqdweb?RQT=573&TS=1098648711&clientId=7024&LASTSRCHMODE=2> [Accessed 18 Oct 2004] Mergent Online (2004) database [Internet] Available from: < http://ezproxy.mala.bc.ca:2129/compsearch.asp> [Accessed 12 Oct 2004] Reuters website (2004) Investing [Internet] Available from: [Accessed 15 Oct 2004] Ross, S.A., Westerfield, R.W., Jaffe, J.F., & Roberts, G.S (2001) Corporate Finance. 3 th ed.Toronto, McGraw-Hill Ryerson. Seiler. M, (1996) Adverse selection in capital budgeting decision making. Management Research News, 19(8), pp.61-67 Smart Money website (2004) [Internet] Available from: < http://smartmoney.com/> [Accessed 15 Oct 2004] Wendy ¡Ã‚ ¦s International, Inc. website (2004) [Internet] Available from: [Accessed 13 Oct 2004] Yahoo Finance website (2004) [Internet] Available from: [Accessed 12 Oct 2004]
Thursday, October 24, 2019
Superhero and Children
Lauren Lee                                                                                  February 25, 2013 English 101                                                                               Mr. Simmes Exemplification Essay To possess a human body, transcendental powers, and victory over evil villains are only a few characteristics of a superhero. These traits are the personification of what society has indicated to be the perfect man; or, depending on which superhero, a woman.Many superhero fans begin as children and often remain intrigued into adulthood; from wearing their uniform, to owning every one of their movies, to becoming a superhero, themselves. However, becoming a superhero is an obvious impossibility. These supernatural beings have the ability to fly, master the intelligence of villains, lift the heaviest objects, and jump off the highest buildings with no harm being done. It is the ideals of becoming someone great, which superheroes portray, that influence children and enhance their yearning to imitate the superhero’s image and actions.A superhero’s immense strength, chiseled toned body, and sharp intelligence are a few attributes that provoke fans to admire and idolize these beings. Many parents believe that children’s aggressive behavior is uncontrollable but it is also a result from the vigorously powerful superheroes that act as role models to children as they are growing up. Superheroes incredible strength has led them to victory over the biggest and strongest of enemies.I interviewed my acquaintance, Jon Wall, a senior at McNeese State University, who has an admiration for Superman, and he said, â€Å"From watching Superman, I thought I could prove my strength by defeating other kids. This did not mean that I went and tried to beat everyone up. Instead, I tried to be better than others at everything. I would try to hang on the monkey bars the longest, be the person who got picked first for any sport, and wrestle anyone to submission. †he continued, â€Å"Although my behavior sometimes got too aggressive, and got me in trouble, it always seemed to make me feel like more of man. Jon’s explanation is one of many children who have set their standard of being a real man or woman based on the strength and accomplishments of a superhero. Achieving victories that a superhero has demonstrated has caused many fans to feel as an accomplished being, finally worthy to be called a real woman or man. Superheroe s also tend to possess a perfect physique that enhances their powerful ability to conquer and defeat evil. They always have a defined figure, toned muscle in every area, and, usually, six-pack abs. Although physical image is more of an interest with teenagers and adults, this does have an effect on children, too.These role models that children are introduced to hold a nearly impossible figure for all children to achieve. It is from these images that communicate to kids that being overweight and lacking strength is unacceptable. This aspect is a contribution to children mistreating other children who do not hold to this idolized standard. My friend Jon stated, â€Å"I fell into the trap of mocking others, who were not perfect, when I was a kid. I also remember trying to hide any blemish of my own body, so that I would not become a victim of the scorn [from other children]†.Jon’s experience of feeling pressure to maintain a certain physical image exemplifies the cases of many superhero fans. Children are feeling pressure to portray a certain image in order to achieve self-security and acceptance from others instead of having a healthy mentality regarding food and exercise. Aside from all physical traits of a superhero, they also portray a strong sense of intelligence. It requires mass strategy and mental knowledge to defeat evil villains and their deceptive ways. Superheroes encounter many difficult and seemingly impossible challenges and manage to take them head on without any evidence of fear.Breann, a classmate in my English 101 class, stated, â€Å"I think that the intelligence of a superhero is extremely influential because they are faced against evil villains, who are known for their intelligence and strategic ways, and superheroes always end up defeating them†she continued, â€Å"When children see the knowledge of a superhero portrayed in their planning of defeat against their enemies and them achieve victory, it is a positive influ ence for the children to try their hardest in school to gain an education to be able to plan, have broad knowledge, and defeat, as well. Intelligence holds a large role in the world and one’s likelihood of reaching success. Intelligence is a positive attribute that superheroes portray when their knowledge and skill is shown through their preparation and process of defeating evil. A characteristic of all superheroes is their great achievement. Superheroes are constantly saving the world and others from harm.They have great impacts on the way most children that admired them grew up. Whether it was Batman, Wonder Woman, or some other supernatural being, they all had a lot to say about what it means to be a man or woman. Even if the ideals portrayed are imaginative beings, a superheroes image has the ability to influence any child. Works Cited Wall, Jon. Personal interview. February 22, 2013. Debarge, Breann. Personal Interview. February 22, 2013.
Wednesday, October 23, 2019
Adolescents and Cyberspace Essay
Abstract The Internet has a great deal of benefit in our lives. It is the window that opens onto the world and shows us everything that is happening around us. Although it is meant to help and support our needs, enrich our social lives and expand our civic connections, it has not been going so far in this way. A lot of research is showing that the heavy use of cyberspace is isolating people form the world around them. Knowing that adolescents are spending a great deal of their time in cyberspace, this article will examine the things they miss when they are left to grow up in it. Leaving Adolescents Grow Up in Cyberspace The question on whether leaving adolescents grow up in cyberspace is beneficial or not has long been controversial. When a lot agree that cyberspace has made their life easier, many others believe the opposite. Everything has side effects, which might have great impact on its user if not handled properly. It seems that adolescents, out of all other people, all missing a lot when their parents are letting them grow up in cyberspace. Everything in this advanced world is possible these days, that’s why we find students who study on the Internet in hybrid or online courses. Traditionally, learning has been assumed to take place in a classroom or face-to-face environment where the instructor and students are physically together, but not all students learn the same way and therefore the traditional approach is not ideal for all students (Young, 2007). This is true, but a lot of students are finding it difficult to cope with the new and modern way of learning, where the instructor lectures them online. Some students say: -â€Å"Instructor feedback tend to be slow†-â€Å"I didn’t feel as part of the class†-â€Å"You can’t verbalize your thoughts and let others hear your ideas†-â€Å"Too many technical problems†-â€Å"Unreliable Internet connections from my Internet service provider†-â€Å"You also lose the personal teacher student relationship†-â€Å"No way to read body language†-â€Å"With on-line classes, it is hard to be able to get the whole â€Å"personal†thing†-â€Å"You don’t get to see the professor or class members face-to-face†-â€Å"It takes more time to e-mail or post a question on the discussion board and wait for a response†(â€Å"Students’ Positive and Negative Experience in Hybrid and Online Classes†, 2007, page). Moreover, Irvine(2004) states: â€Å"Assignments are dispersed online. Students are much more likely to do research online than use a library. And even class handouts have gone the way of the Web, posted on electronic bulletin boards for downloading after class†(p.31A). So, if the Internet connection went off, students wouldn’t be able to continue their work. When the computer server in Emory University went down for a few hours one evening, a lot of people were at loose ends, they couldn’t to their homework (Sridharan, 2004). This is how adolescents are missing the more active and efficient way of learning because of cyberspace, thus suffering from a lot of educational and studying problems they are better off without. Looking at the world today would make us realize how much we miss security. And since adolescents are widely using cyberspace, they are the most likely to get affected by what it generates. A lot of teenagers have no problem in making friends, of whom they’ve never seen. In fact, they see that it is one of the purposes of using the Internet. But they never realize how dangerous it could be to meet someone you haven’t actually seen. The Internet allows people to communicate with people who are different from them, people in another country or kids at school they don’t talk to. This access of information is so easy, but of course there is a dark side to having such broad access: it gives identity thieves and sexual predators a new place to look for victims (Stern, 2004). Also, the Internet has shaped the way adolescents work, live, and relax. It has even created new ways for them to express themselves which might be liberating and fun but can also become a forum for of pettiness and criminal exploitation (Irvine, 2004). Furthermore, Ian and Walder (2005) say: As we have become dependent on the Internet, as the network of networks, so we have become vulnerable to criminal and terrorist networks that use cyberspace as a means to undermine and circumvent state control. Protecting against those that wish to attack the integrity, confidentiality and availability of systems and data they process, is primarily an issue of implementing appropriate security measures. (page) The main purpose for this worry is because adolescents are unaware of what criminals might do to take advantage of people who want to be friendly, allowing them to threaten the country’s and society’s safety. In this way letting them spend too much time in cyberspace is making them loose a lot of security which puts them in dangerous problems later on. We must not forget the most important consequence of growing up in cyberspace: lack of social life and relationships. Sitting in front of the monitor for several continuous hours, without even noticing how time flies by quickly, makes us never want to get off the chair. As many adolescents are living in virtual communities, their only concern is making friends online. Ten years ago, social theorists were suggesting that the Internet would revolutionize social relationships (Carter & Denise M., 2004). Now, the Internet has come a far distance that kids and teens can’t live without it; people can find a job without leaving their desks, shop online without going to the mall and communicate with others without meeting face-to-face by e-mails, online chat rooms and instant messages. So, all the activities that were done with family and friends, are being done alone on the Internet. As a result, such activities have proved to be more isolating than watching television, which friends and family often do in groups, and the time spent with them is decreasing a lot in the presence of the Web. In addition, teens are preferring not to go out for walks or hang out with friends because they are busy in their own larger world. Know it or not, youngsters who are allowing time online to replace face-to-face interaction are being isolated from the real world and are being trapped in the virtual world (Staples, 2004). Seemingly, â€Å"Teenagers who spend much of their lives hunched over computer screens miss the socializing, the real world experience that would allow them to leave adolescence behind and grow into adulthood. These vital experiences, like much else, are simply not available in a virtual form†(Staples, 2004, p.A29). All of this is breaking the social relationships and is bringing up adults that don’t know how to deal with others because they never had the chance to sit and talk face-to-face. A lot of people fear of not being able to go with the flow; who ever doesn’t have access to cyberspace doesn’t have a life. But this isn’t proved to be completely true since it’s not being used in the best and efficient way. Of course it’s the parents job to lead them to the right track; they should always keep them under high supervision. To be more specific, parents should encourage them to have a real life, make real friends, go to real places and spend quality time with family. This doesn’t mean getting rid of this great technology but not letting it control them. Indeed, adolescents are missing a lot of the real world and its content, and aren’t aware of the circumstances and the costs of growing up in cyberspace. References Carter & Denise, M.(2004, December).Living in Virtual Communities: Making Friends Online.Journal of Urban Technology 11(3), 109-125.Retrieved March 19, 2008, from EBSCO Host database. El Mansour, B. & Mupinga, D.M.(2007, March).Students’ Positive and Negative Experiences in Hybrid and Online Classes.College Student Journal 41(1), 242-248.Retrieved March 19, 2008, from EBSCO Host database. Ian & Walder.(2005, April).Crime and Security in Cyberspace.Cambridge Review of International Affairs 11(3), 109-125.Retrieved March 19, 2008, from EBSCO Host database. Irvine, M.(2004, December 5).Youths Adopt, Drive Technology Advances.Fort Worth Star-Telegram, p.31A. Staples, B.(2004, May 29).What Adolescents Miss When We Let Them Grow Up in Cyberspace.New York Times, p.A24.
Tuesday, October 22, 2019
Absentee Voting essays
Absentee Voting essays The symposium last February 11, 2000 titled Absentee Voting for Overseas Filipinos was a successful one. They have expressed their insights regarding the topic in an orderly manner. The facilitators actually have a passion to educate and at the same time encourage students to support this proposal to the government. Also, the three facilitators are very well prepared and they are very organized in delivering their respective topics. Sad to say, many of the students just keep talking with each other up to the point that they are distracting some students like us (ahem!) that are willing to be educated on this matter. For me, even if there are about seven million Filipinos on different parts of the world that are willing to vote, absentee voting is not the solution. If they want to choose a good leader, then they must go home here and take their chances. I said this because many of the Filipinos overseas dont have any idea on who are they going to vote. Its because they are not here. They dont even know the background of the person they will choose. We can never trust the reliability of others regarding this matter. I myself can say that I practice my right to vote based on my own perception on who is the right person to vote. I did not listen to what others even my parents say. Secondly, Absentee Voting may be one of the sources of scams or any cheating activities. We know damn well that our country has the dirtiest politics in the whole world. We cannot tell if the politicians will buy the votes of our countrymen abroad. We also know how smart the Filipino politicians when it comes on cheating. Lastly, Absentee Voting will cost much because the process itself will be very expensive. The government must send the authenticated ballots abroad then send it back again. The result of the election also can be delayed because the Comelec will have to wait for the ballots from abroad for final tal ...
Monday, October 21, 2019
Puritans vs. Pilgrims essays
Puritans vs. Pilgrims essays The most obvious difference between the Pilgrims and the Puritans is that the Puritans had no intention of breaking with the Anglican church. The Puritans were nonconformists as were the Pilgrims, both of which refusing to accept an authority beyond that of the revealed word. But where with the Pilgrims this had translated into something closer to an egalitarian mode, the Puritans considered religion a very complex, subtle, and highly intellectual affair, and its leaders thus were highly trained scholars, whose education tended to translate into positions that were often authoritarian. Puritans wanted to remain as part of the English establishment, working for biblical reform from within. Even as they emigrated to New England, they affirmed their Englishness and saw the main purpose of their new colony as being that of a biblical witness, a city on a hill which would set an example of biblical righteousness in church and state of Old England and the entire world to see. As deeply committed covenant theologians, they emphasized especially strongly the corporate righteousness of their entire community before God. Pilgrims wanted to reformations without tarrying, even if it meant separating from their church and their nation. While they continued to think of themselves as English, their emphasis was on their new political identity and spiritual identity. Because of their passionate commitment to the necessity of reformation immediate and without compromise, they emphasized especially strongly individual righteousness before God. They both thought that God alone must be the glory, and, in their different ways, they sought to bring every action-religious, political, social-captive to him. ...
Sunday, October 20, 2019
How to Conjugate the French Verb Rendre
How to Conjugate the French Verb Rendre The French verb rendre (pronounced ren-dre) means to return and is frequently used in idiomatic expressions such as to give thanks to. This chart will show you how to conjugate this regular verb in present, past, subjunctive, and other tenses. Present Future Imperfect Present participle je rends rendrai rendais rendant tu rends rendras rendais il rend rendra rendait nous rendons rendrons rendions vous rendez rendrez rendiez ils rendent rendront rendaient Pass compos Auxiliary verb avoir Past participle rendu Subjunctive Conditional Pass simple Imperfect subjunctive je rende rendrais rendis rendisse tu rendes rendrais rendis rendisses il rende rendrait rendit rendt nous rendions rendrions rendmes rendissions vous rendiez rendriez rendtes rendissiez ils rendent rendraient rendirent rendissent Imperative (tu) rends (nous) rendons (vous) rendez Verb conjugation patternRendre is a regular -RE verbExpressions with rendre
Saturday, October 19, 2019
Managing Financial Resources Essay Example | Topics and Well Written Essays - 2000 words
Managing Financial Resources - Essay Example Proper accounting supports company officials while they make these decisions, showing them whether or not an investment will be practical, and if the company can afford it. Ethical and professional accounting forms a clear financial image of a business, and allows managers to make informed decisions, keeps investors abreast of developments in the business, and keeps the business profitable. The business performance of a company can be monitored and analysed with the use of accounting ratios. The ratios are used to interpret financial information about the company. The results can be compared with past results or with industry standards to gauge the company's overall performance. The quantitative results for this segment can be found in the Appendices section of this report. Company A's Current Ratio is 1.17, while Company B has 1.03 and Company C resulted in 2.5. This means that all three companies are still able to generate enough cash to settle its short-term liabilities. As a guide, a current ratio of 2 is ideal. For Company C, its result is higher than the ideal guideline and this suggests that Company C may have resources lying idle, for instance, the untimely collection of its receivables. A better ratio to consider when looking at the liquidity of the companies would be the Liquidity Ratio. This ratio does not take into account the companies' stocks, which can be difficult to value and which can be obsolete. Debt-Equity Ratio This assesses the financial risk of a company. A high gearing ratio poses risks if a company is unable to meet its financial obligations as this can very well lead to bankruptcy. Therefore, it is important that this is constantly monitored. Debt-Equity Ratio = Total Long Term Debt / Total Equity The Gearing Ratios for all Companies A, B and C are quite low at 9.2%, 8.1% and 15.4% respectively and the results should not cause an alarm. However, it is good to note that the companies should have a balanced mix of equity and debt to finance its operations. Return on Asset There are several ratios available that can measure the ability of a company to generate profits from its sales. These include Gross Profit Margin, Return on Assets and Return on Equity. A good profit margin is essential in any form of business to ensure there is always enough cash to run its operations. Thus, it is also important that receivables are collected on a timely basis. Return on Asset is a type of profitability ratio and measures the level of profit compared to the value of net assets invested in your business. Return on Assets = Net Income / Total Assets The profitability of all three companies is sound. The Return on Assets are 1.7%, 1.3% and 3.3% for Companies A, B and C respectively. It can be seen that Company C generates the highest return on its assets, whereas Companies A and B are
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