Question One: Why is Brown Forman considering buying Southern comfort? Brown-Forman Distillers Corporation is in a favourable financial position and is performing well relative to their competitor’s. In 1978, Brown-Forman holds a higher profit margin, higher growth rate and a higher anticipated return on sales for the remainder of 1978. According to the annual report for the 1978 financial year, the company highlighted that the business is in a positive position where the balance sheet shows strong results due to the asset management and their low debt/equity ratio. Although the industry has faced a halt in sales growth, Brown-Forman is defying the odds of the market and is continuing to grow.
To a large extent Germany was very economically stable as Stresemann introduced a new currency and gained loans from the USA under the Dawes plan. The Dawes plan was produced in 1924 by Gustav Stresemann, it was a USA backed plan which helped to stabilise the economy greatly. The first part of the plan was the introduction of the new rentenmark which would now be worth 100 of the old mark. The plan also gave Germany 800 million marks in loans to aid their economy. The introduction of the rentenmark greatly improved Germany’s economical stability as it helped solve the inflation crisis.
The current ratio was 3.6 on February 29, 1988which mean that it has plenty of cash to cover any of its current liabilities. Moreover, Interco’s capitalized leases were 19.3%. The company was financially “overcapitalized”. When looking at the company collectively, Interco also looks healthy, with sales increasing 4.04% in 1987 and 13.4% in 1988.Growth in earnings moved Interco further toward its goal of a 14-15% return on equity: 1988’s ROE of 11.7% was up from 9.7% in fiscal 1987. However, if closer examination is undertaken, it is clear to see that the general retail and apparel businesses are struggling while footwear and furniture have been flourishing.
This also strengthened their friendship with oreos Britain because they were seen to be helping them in their hour of need - the war. This friendship was so strong that America fought with the Triple Entente at the end of the war. One of the reasons for the economic boom was the introduction of hire-purchase whereby you put a deposit on an item that you wanted and paid installments on that item, with interest, so that you paid back more than the price for the item but did not have to make one payment in one go. Hire-purchase was easy to get and people got into debt without any real planning for the future. In the 1920’s it just seemed to be the case that if you wanted something you got it.
It’s important to address this danger, and although faith can certainly create the benefits described in How God Changes Your Brain, it’s irresponsible to ignore that faith, being a psychological tool, can be used for both positive and negative means. A good part of How God Changes Your Brain is the author’s respect for people who do not share their beliefs. The book is more an explanation for why people like religion, rather than an argument for religion’s existence. Changes Your Brain doesn’t use literary prowess to emphasize a strong tone, but rather keeps a level and clear voice throughout the book, it has the opposite the tone of a preacher. I wish that the book addressed why some people firmly reject or accept faith, on a psychological basis.
Despite the numerous positives for Britain many other colonies felt the negative effects of the British empire sparking many conflicts in the past 200 years. Britain prospered financially throughout the many years of having an empire. Britain developed trade links between many countries, source B shows how these links benefitted Britain. The source shows that the years between 1700 and 1900 saw a dramatic increase in the amount of goods being imported and exported from Britain. Up until 1900 the source shows that Britain was in a very good position when it came to trade as their exports greatly outweighed their imports which in turn would make a steady profit for Britain.
Chapter 7 and bad luck ultimately led to Chapter 11 Source: HBS case study 2 Evaluation of the Restructuring Plan Question 2a: Evaluate the proposed restructuring plan. Will it solve the problems that caused Marvel to file Chapter 11? Pro • • • Improves liquidity profile Reduces debt burden Financial ability to acquire Toy Biz Toy Biz would provide significant cash flows to service debt Banks, suppliers, employees paid in full, therefore allowing smooth business continuation • • • • • • Con Increased influence of Ron Perelman Liquidity only due to large
With industry and economy booming, one could say that Bismarck was relatively successful during 'foundation time', opposing the suggestion. Yet Bismarck was a pragmatist, and just as he had changed policies prior to 1870, so he continued to change his line of attack in the post-1870 period. Following the impact of the 'Great Depression' in Europe, the political basis upon which Bismarck had founded his power was undermined, and so Bismarck was forced to return to more protectionist policies. Added to the fact that in the Balkans there had been split alliances, the National Liberals and Bismarck were further split here. Not only did they oppose his rule of parliament, constitutional rule, but they were opposed to the policy of protectionism that Bismarck proposed, being in favour of free-trade.
Faith and Diplomacy In Madeleine Albright’s point out in her article, “Faith And Diplomacy,” she makes a valid point that religion plays an essential role throughout the world and should be separated from the government. In general faith-based diplomacy has been a key roll in today’s society, has a responsibility to give the people what they want and also what is best for them, when it came to religion, culture and politics. But diplomacy can be a challenge when it came to an agreement for both sides. In today’s world, religion-based diplomacy can have both negative and positive effects on society, as Albright’s state that, “Be god, because of the sorrow caused by people fighting, killing, and abusing each other in His name” (3). In our planet's history, nations have been born and died, and wars have been fought in the name of religion, religion is used for the benefit of people who are in power in that time, in order to benefit themselves, because according to their interests, cause people are more likely to be interpreted as a form of religion, because the masses of people are inclined by the messages in the form of religion and faith, which are expressed in command of these institutions.
However, if we increase the penalty and keep the same level of effectiveness of tax audits, taxpayers who have high income are more honest than those with lower incomes. This result is quite logical; for a low income, even if we increase the punishment, its effect on disposable income of the taxpayer fraud is minimal. Generally, in morocco, based on experts’ confirmation from tax department, the effectiveness of fiscal control is less than 80%, so regarding our theoretical result, tax fraud increases with income. Which mean that the Moroccan government should focus their effort on big companies in order to reduce the effect of tax fraud. However, among the latest legislative decisions of Moroccan government is the decrease of tax rate from 30% to 10% for very small companies.