Corporate finance Essay Example | Topics and Well Written Essays - 2000 words - 3

Corporate finance - Essay Example The company’s dividends have also increased over the past year and this shows a level of improvement and bettered operations. The calculation of the CAPM highlights that Super Cheap Auto pays out a higher level of return than the market while the minimum return expected by the shareholders is 9.30%. Also based on the calculation of the WACC, it has been noted that the company requires a minimum return of almost 10.50% from all new projects and this is the rate to be utilised for the investment appraisals in the future. Super Cheap Auto deals with retailing of cars in Australia and New Zealand. This paper aims at analysing the company and discussing the financial aspects of the company. The paper will begin with an overview of the company followed by the current activities of the company. The paper will also discuss the company’s capital structure and aspects of debt and equity that the company operates with. Calculation of the capital asset pricing model and the weighted average cost of capital of the company will also be discussed. Super Cheap Auto Group Limited is a retailer of car products. The company caters to the markets of Australia and New Zealand and provides the country with excellent brands of vehicles as well as automotive parts. The company falls under the NAICS codes of 441310 – which deals with the Automotive Parts and Accessories Stores. Also the SIC Codes that the company operates under are: 5013 – Motor Vehicles Supplies and New Parts Industry Report, 5531 – Auto and Home Supply Stores Industry Report and 5731 - Radio, Television, and Consumer Electronics Stores industry report (High Beam Business, 2010). The company was started as an automotive parts and accessories retailer in Queensland in 1974. Over the years the company has seen immense growth and now operates in over 212 outlets and the in almost every state

The International Business Essay Example | Topics and Well Written Essays - 2250 words

The International Business - Essay Example The rising tension in the global scenario can be mainly attributed to the rapid changes in the political and economic scenario amidst which organizations operate. Employers have been continuously undertaking reform initiatives and developing strategies directed towards improving employment relations and which brings changes in behaviour and attitude at the workplace and addresses the issues of skill development, work organization and flexibility, compensation, cross cultural management etc (Macdonald, 1997, p.3). The project seeks to make an analysis of the changes in the business environment in which organizations operate and the consequent impact on their employment relationships. In this context, particular emphasis is provided on organizations in the UK. A critical analysis is provided in the project which discusses the views and arguments of researchers and practitioners on the subject. This is supported by presenting the outcome of previous researches and surveys. This is follo wed by a critical discussion of the subject and the data collected for the purpose. Literature Review It is seen that the new approaches adopted in organizations are based on a wide range of HRM and employment relationship practices which are directed towards improving the skills and flexibility of the workforce within the organizational environment which thrives on communication, collaboration, trust and cooperation between managers, workers as well as their representatives. However, the changes have been universally accepted in all organizations. They are predominantly prominent among the industrialized nations of the world. Low growth rates have been the fundamental reason for retarding the progress of technological advancement in Great Britain. It has ill-equipped the nation to adjust to the prevailing economic and political situation. The underutilized and minimally legalized system of regulation coupled with fragmented collective bargaining system, growth of labour organizatio ns, low degrees of centralization, proved to be resistant towards attempts to change the system. Neither the coalition government nor the subsequent state initiatives succeeded in bringing about any structural innovation in the UK organizations (Jacobi, 1986, p.3-9). Significant changes were noticed among the trade unions in the organizations. The export and the modernization oriented growth were accepted willingly by the trade unions. It was believed that it would generate high levels of productivity and performance and this in turn would strengthen the bargaining power of the trade unions. A major emphasis has shifted playing a more protective role by the unions apart from performing their regular functions. Organizations are focussing more on the equitable distribution of social wealth which is reflected through the compensation structures and policies (Jacobi, 1986, p.3-9). This section will present some of the research outcomes conducted by the Labour Force Survey in 2005. The results will bring about the impacts of the economic downturn occurring in 2008 and 2009 compared to the previous years. The economic downturn occurring in 2008/2009 has caused a common problem in mostly all nations, i.e., it