The Fundamentals Of Corporate Finance

The purpose of this paper is to show that Revelational Christian Ethics is a viable metaethical approach to Business. This ethical theory is a prescriptive and a concrete expression of objective reality. It exemplifies the core values and teachings of Jesus Christ as the foundation of morality and guiding principles for ethical conduct, treatment of others, as well corporate leadership decisions that affect the environment, community, and economics.

The acts of accounting and finance date back to the beginnings of recorded history and has evolved over the centuries to become a cornerstone of societies across the globe. Both the Old and New Testament of the Bible discuss the subject of accounting and finance in many scriptures and parables. The biblical concepts taught about accounting and finance are, without fail, applicable to modern business. Without an ethical foundation build upon a biblical foundation accounting and finance practices are bound to fail. This paper will tie biblical concepts to accounting and finance as well highlight the implications of a secularism.

Reliable Gearing currently is all-equity financed. It has 10,000 shares of equity outstanding, selling at $100 a share. The firm is considering a capital restructuring. The low-debt plan calls for a debt issue of $200,000 with the proceeds used to buy back stock. The high debt plan would exchange $400,000 of debt for equity. The debt will pay an interest rate of 10%. The firm pays no taxes.

Stapleford accepted that financial aspects and morals are interconnected and that moral standards impact the conduct of both buyers and makers, also the plan of open strategies. This book is composed "from the point of view of Christian morals—Christian norms of conduct as found in Scripture." Stapleford perceives that adding moral contemplations to the effectively complex structure of market financial matters will add to the understudy 's workload, yet declares that it

The article make a link between the nonspiritual and Biblical principles within which business that will be considered responsible and just should follow to. It is going to draw from principles enlisted by the Caux Round Table and those by White. (White, 1978) Caux focus mainly on the secular section of the principles without putting any emphasis on any one religion but rather as a guidance for proper business dealings for the improvement of society and not just benefit the one conducting it alone White drew his principles from teachings in the Bible therefore caters to those business with practicing Christian stakeholders. These two are drawn from what can be seen as

Corporations can be large or small but they all have some sort of ethical impact on their employees, shareholders, customers, community, and surrounding environments. Richard DeGeorge writes, “We can speak of corporations having moral responsibilities to act in certain ways, and they are morally responsible for the consequences of their actions on people.” (p. 200). Large corporations are comprised of the board of directors, management, and their workers. They also deal with suppliers, customers, and have competitors. This essay will examine the moral responsibilities within a corporation.

Many businesses operate differently and different guidelines are utilized to aid successful organizations in today’s world. Whites biblical principles are referred to by some businesses and others may utilize Caux Round Table guidelines. These two principles are very different but share some to the same elements. In reviewing the Caux Round Table (CRT) it explains the seven principles that are highly recommended to aid in organizations operating more ethically and smoothly in comparison to the five principles that Whites explains.

The very establishment of guidelines about how an MNC should act, which are ethical guidelines, is one way in which this is accomplished. Namely, by setting ethical principles such as the aforementioned, which the business should follow, prioritizes the spiritual life over the business life. This is a clear commitment to justice, in other words, since fairness in the dealings with others, a basic respect for their fundamental rights as persons, defines all possible business relations. Any business practice which goes against these guidelines should be rejected. This is a witnessing, a Christian witnessing, to the message of Christ that prioritizes the spiritual world and its ethical commitments over the material world of

Alexander Hill’s Christian Ethics for the Marketplace in my view point focuses on ethics as it relates to business which also includes the Christian element. Hill outlines the scripturally grounded ethical structure of holiness, justice, and love for business practices. Hill also connects his Christian ethic to the dominant methods of ethical practice in the world of business. Lastly, Hill uses the analysis of case studies in lieu of his proposed Christian ethic. Although questions in regards to ethical behaviors remain conclusively unanswered, several find ethical structure valuable when dealing with difficult situations.

In general, managers tend to analyse decision from an economic, marketing and strategic perspectives. This essay is exploring the legal, moral and ethical business decision-making of a CEO’s role and leads an ethical organisation. While CEO’s is legally governed by law, moral is a basic society expectation, and it is expected that he apply moral framework to make ethical business decision.

HVN appropriate share price is $4.23 which is $0.12 higher than the actual closing price of $4.11. It is recommended for the investor to purchase more of the company’s share as it was undervalued. The sensitivity analysis shows the theoretical share price is very sensitive to change in WACC. Careful and continuous observation might be needed to constantly monitor the factors that can alter the WACC such as market return, the company’s beta, risk free rate, and tax rate. D/E ratio can also alter the WACC due to tax benefit on debt. This implies we should keep checking changes of the company’s capital structure, namely its financing decisions and activities because they are important factors to create value of the company.

In this assignment I will summarise the difference between start-up and running costs, which will include a table showing these. Along with, summarising the difference between fixed and variable costs which will also including a table showing these. I will then write a

(5 points) In a world with no frictions (i.e., taxes, etc.), having debt is always better because it increases the value of the firm/projet.

The self-supporting growth rate is the maximum growth rate that a firm can achieve if it had

They set the stage for future writing assignments, and will be on a variety of business concepts: functions of management, financial statements, ethics, corporate social responsibility, strategy, quality, case studies, etc. These lectures lay the groundwork for the writing assignments which follow ― in other words, for Writing in the Discipline.