Salem Data Services was established after an agreement was reached between Salem Telephone Company and the state Public Service Commission. Salem Data Service is a computer data service, which performs data processing for Salem Telephone Company. They also sell computer services to other companies and organizations. Since Salem Telephone company was a regulated utility it drove the need for Salem Data Services to be a separate entity since it was an unregulated utility. Even though Salem Data Services had its pros the separate entity was a drain on Salem Telephone Company since it had not produced a profit from 2001 to the current year during the case study of 2004. Salem Data Services encountered many typical problems that new organizations face when getting started. They did however work through these problems and by the end of 2003 had solved and overcame most of their problems. Even though most of the problems Salem Data Services faced were overcome it still did not positively impact the profits of 2003. In 2003, income for Salem Telephone produced the lowest return on investment for their shareholders in seven years. Salem Data Services’ drain on Salem Telephone Company was a large reason for this. Key Information Once Salem Telephone Company shared their income report with their shareholders showing the lowest return on investment in Seven years Peter Flores, the president of Salem Telephone Company, call a meeting with Cynthia Wu manager of Salem Data Services.
The assumptions that TDC has made in regards to their Pro-Forma Financials seem reasonable. It appears that the company has done extensive research in regards to the expenses it will incur as their customer base increases. Additionally, it is not unreasonable to assume 9% yearly return on excess cash. The most difficult assumptions, however, are in regards to projected revenues. It is difficult to forecast revenues on a new product and will be difficult to determine how many customers this product will attract. However, the company seems to have developed an attractive product offering that will be useful to investors. Also, TDC has
The legislation of the state of Arizona is bicameral, with a Senate and a House of Representatives. Each Senator and Representative is elected for a two year term. There is a limitation of four consecutive terms. After serving four terms, they must be out of office for one term before they can be reelected to that office. There are certain qualifications to become a legislator. Those seeking office in the state Senate or House of Representatives must be at least 25 years of age, be a United States citizen, reside in the state for three years prior, and live in the county for one year prior to election. The job of a legislator in Arizona is part time, due to the limited time of the regular session. Their salaries, currently at
Desperately for finding a solution to pay off the debt of the war, the British government signed the Townshend duties of 1767, formulated by Charles Townshend, chancellor of the Exchequer. The Townshend duties were new taxes for the American colonies pay on imported products: glass, paper, lead, and tea. Charles Townshend persuaded the British authorities signed the import items with the intention of not only pay the war’s bills, but also increase the British revenue and take back the Parliament’s authority over the American colonies.
Capital; expenditures decline from 45.8% of revenues in 1995 to 10.8% of revenues by 2001 (also close to Microsoft’s experience);
The Puritans came to New England to escape persecution from the leadership of the Church of England. They quickly established the Bible Commonwealth or a church government. Fur trading, fishing, and shipbuilding allowed the Puritans’ Massachusetts Bay Colony to prosper economically. Additionally, the importance of church and family was evident in close-knit Puritan communities. The migration of Puritans to the New World laid the foundation for the political, economic, and social development of the New England colonies from 1630 through the 1660s.
During the 1600s when England began colonizing in the New World, different colonies had their own concept of freedom backed by their beliefs and/ or motives for settling in America. Massachusetts and Virginia were settled for very different reasons therefore life in their settlements differed greatly. The political, economic, social and of course physical aspects of the colonies were not at all the same, yet they both resulted in their colonies prospering and successfully settling the land. The settlers of each colony had searched for a place to express two contrasting beliefs of what freedom meant to them. Massachusetts and Virginia are two prime examples of how freedom can mean something
Salem was one of the larger towns of the Massachusetts Bay area. It was first occupied by in 1626, and was originally called Naumkeag; a word that derived
Although New England, primarily Massachusetts, and the Chesapeake, primarily Virginia, were settled largely by people of English origin, by 1700 they evolved into two distinct societies. This occurred because of their motivations for settlement and the climate of the settlements. In the early seventeenth century, the Puritans settled in New England, founding the Massachusetts Bay area. The Puritans primarily settled for religious reasons, as they were hoping to separate themselves from the Church of England.
State of Connecticut Municipal SWAP Case Study An Analysis and Recommendation of Synthetic Fixed Rate Derivatives
The Sherman Anti-Trust Act of 1890 was passed to prohibit trusts, this was the first law passed by U.S. Congress to enforce this. This act was named after Senator John Sherman. Before this act was put into place, many other states had enforced laws very similar to the Sherman Anti-Trust Act. These laws were not perfect though, the large corporations had the majority of the economic power. Congress was not pleased with this, thus making the Sherman Anti-Trust Act. This act allowed Congress to regulate interstate commerce, outlawing monopolistic practices. If a person were to violate this act, he or she could be imprisoned for a year and fined five-thousand dollars. This law was successfully used to help Theodore Roosevelt during his campaign, “trust-busting”. Also, President Taft used the law to back himself up against the Standard Oil Trust and American Tobacco Company. The Standard Oil trust was when a board of nine trustees was set up to make all of the company decisions , allowing the company to run as a monopoly. The Sherman Anti-Trust Act allowed both presidents to dissolve the trusts that were creating problems. On the other hand, the Sherman Anti-Trust Act had many holes, it did not have exact wording, therefore allowing companies to still control the majority of the producing and still get away with it. The Sherman Anti-Trust Act had substantial success, but was put to rest and replaced with the Clayton Anti-Trust
Peter Flores, president of Salem Telephone Company (STC) informed the Public Service Commission “that a profitable computer service Subsidiary would reduce pressure for the telephone rate increase.” And a result, Salem Data Services (SDS) was established. In 2003, SDS has “yet to experience a profitable month” and this induced the meeting between Peter Flores and Cynthia Wu, manager of SDS in April 2004. Flores and Wu held different views in regards to SDS; Flores felt SDS was draining STC resources and is questioning the ability of SDS to be a profitable business. Wu felt that SDS had the ability to show profits in the near future. To adequately prepare Flores, president of STC for his meeting with Wu, he assigns a task to
Comcast is one of the largest video, broadband Internet, telephone, and cable service providers in the United States. The company is a member of the fortune 500 company as the largest and profitable companies. Comcast ranking number is 66 in the fortune 500 company and is in third place as the largest telecommunication company. In 2011, Comcast has grossed 37 million with a 9.6 profit increase compared to 2010. Before the company can decide to invest, it needs to develop a business analysis. The business analysis includes
Financial data from past periods of a company, provides a perspective for future outcomes. Investors give proper attention to different ratios. In this report I am analyzing the financial position and financial performance of AT & T, a US. Telecommunication Company. The objective and conclusion of this analysis will be, if is either good or not to invest in the company.
This case can be used in several ways. In the introductory course, the case can be used as the basic structure for a lecture or as a written assignment in conjunction with lecture and text material. In our more advanced courses, which usually have smaller enrollments,
The business case presented focuses on insatiable demand amongst a growing population for a service built on dilapidated, poorly maintained infrastructure, against a backdrop of government deregulation in the telecoms sector. As of 1992, there were a mere 78k telephone lines for the 27m people living in 4.7m households (a population set to double over the coming 24 years), with users suffering success rates of just 25%. Demand was forecast to grow to 500k subscribers by 1996. The recent deregulation of the telecoms sector (via the break-up of TPTC into TPC and TTCL) and the formation of a regulator (TCC) had