Managerial Finance - Essay Example from the marriage of the managing director (then a saw mill owner) and a wealthy forestry owner from the north of England, in the phase of the current market situation a number reforms are about to be implemented base on the best option. This paper is therefore going to analyse the case thoroughly by looking at the main issues discussed in the case study in section 2 below; evaluating the management control system of Wooden Post Ltd as described in the case study in section 3 below; analyzing the case using agency and contingency theories in section 4; comparing and contrasting agency and contingency theory perspectives as well as looking at how the interpretation of the case differ from each theoretical perspective in section . This will require using certain financial analysis tool such as the Net Present Value and the Payback. The last section takes a decision and provides conclusion and recommendations The Wooden Post Ltd case study raises some important themes. The case first of all highlighted the issue of cultural change. The main idea in the area included improving on its transportation system, reducing cost in other to boost the organization competitive position. Agency control is also highlighted in the case through the introduction of a new directorâ€™s incentive scheme and a fall in growth potentials. Other problems raised in the case involve issues of corporate restructuring, contracting and outsourcing, employeeâ€™s redundancy. Under the present situation, management is now faced with the options of either merger and acquisition, joint venture or closure of some facilities. A couple of research has been carried out with the view to answer the two fundamental question as follows; (1) Does capital structure matters- can the total market value of a firm be increase or decrease by altering the mix of equity and debt? And, (2) if capital structure is relevant, what factors determine the optimal mix of equity and debt that would maximise the firmâ€™s
Texting and Writing Essay Throughout these years, many have argued that texting affects writing in different ways. The argument of texting and writing is either a positive or negative influence on the writer. Although some think texting has a negative influence, it is a sufficient way for writers to express ideas frequently, language skills, and increase the amount of time spent writing. Considering the amount of people that use text messaging, it is easy to agree that writing will lack intelligence. Many say texting has a negative influence on writing. They say it does not stress the importance of punctuation in writing. Admittedly, texting expresses lack of emotion. Opposing views claim that it reinforces simplistic writing. However these problems only apply when the writer leans only to texting. According to research done by Michaela Cullington in â€œDoes Texting affect writing? â€ texting does not affect writing. She surveyed seven different students and two high school teachers about their opinions on writing. From her research she concluded that people recognize the differences between texting friends and writing formally and know what is appropriate in each situation. Although some teachers disagree with this, Cullington can confidently state that texting has no effect on students writing in general. (Cullington, 87-95) Over the years, texting has become extremely popular. It is used every day, all day. With this method ideas are expressed through writing daily. The ability to text a friend teaches the expression of emotion in writing. Normally the only formal writing being done is when it is assigned. Texting makes it available to practice writing daily. Texting has little effect on language skills. Many argue that with text speak it will affect formal writing. Abbreviating has been in use for decades, and thus is not a new language. Before people can text, they must first know how to spell. Texting can therefore not be a cause of bad spelling. Since texting provides people with the opportunity of engaging with the language through reading and writing, it improves peopleâ€™s literacy. There may always be a divide in opinion, but the evidence is there. As long as it is made clear that text language is not to be used in formal contexts, and is simply an addition to our language, there will not be a problem. Perhaps texting has become an easy target to blame for the decline in literacy. If we look closely, texting and computer-mediated-communication provide additional practice in reading and writing and help children to learn the relationship between spelling and sounds. Although texting has taken off, it will never take over. As far as I can see our language is safe.