College Athletes Should Be Paid Essay

Effective Changes of Age Care Company †MyAssignmenthelp.com

Question: Examine about the Effective Changes of Age Care Company. Answer: Presentation This report mirrors the key comprehension on the adjustments in the business associations which are executed by the administrative people so as to give most ideal consideration administrations. Changes and adaption with the hierarchical and ecological components are the key goals for the business achievement. Age Care Company has a dream and mission to give best mind administrations to senior resident and other destitute individuals around the world. Be that as it may, by embracing undertakings assets arranging in its procedure framework, organization rolled out successful improvements and give most ideal consideration administrations. From that point onward, study has been set up to assess the progressions and ramifications of changing systems of organizations so as to adjust the adjustments in the process channel by all the staff individuals in managing the manual desk work. A short time later, a successful end has been attracted to put accentuation upon how change adaption of auth oritative system could result to advancement of association. Present perspective on associations Age Care Company has been committing to make dynamic networks that praises maturing and support with respect Vision Organization needs to create unique places and administration framework in which warm and welcome offices and other care for administrations are given to customers in viable way. Strategic Age care organization convey best quality administrations and items to its clients around the world by rolling out compelling improvements in its worth chain exercises through creation and inventive methodologies with the obliging staffs. Industry determination Age Care Company has been maintaining its business in accommodation industry wherein care and nature of administrations are the significant worry for the fulfillment of customers. Powers for changes There are a few ecological and financial components which have constrained Age care organization to actualize change in the worth chain exercises of associations, for example, expanding request of customers for the best quality administrations, diminishing the difficult work of representatives by introducing electronic technique and defeat the desk work issues, foundation of mechanization in correspondence and different exercises, decreasing the general expense and expanding the nature of administrations and items in decided methodology. These are the significant elements which ought to be considered by Age care administrations in the event that it needs to take its business in since quite a while ago run for the feasible premise. Also, Clients are the prime worry for the organization, along these lines, esteem chain exercises of organization ought to be changed according to the customers needs and request in the market by embracing electronic framework and digital supporting procedu re channels (Burke, 2017). Examination of changes or improvement in Age Care Company It is seen that organization had been confronting different issues while conveying items and administrations according to the customers desire. With the expanding consequence of monetary changes and customers changing requests and needs, Age care organization needed to embrace endeavors assets arranging in its worth chain exercises so as to build the general nature of merchandise and ventures offered to clients and set up legitimate correspondence channel with customers and sellers. This recently presented process set up an online entry and working channel which is utilized by customers to check and inspect the items and administrations offered by organization on the web (THOMSON, SINGH, 2013). After that by utilizing secure installment choices they could undoubtedly purchase any merchandise and ventures they look over the online accessible gateway (Anderson, et al, 2013). This mechanization likewise causes representatives to straightforwardly speak with the sellers which will lessen the blockage of assets in holding abundance stock and get ready simple and decided correspondence channel. Be that as it may, appropriation of endeavors assets arranging right off the bat in process framework had helped Age Care Company to recognize its business from those of others in advertise. According to the impression of Elsner, 2013, changes are the important for the supportability of business and give the compelling fulfillment to customers. It is seen that with the progressions in monetary variables customers are progressively disposed towards new and creative items and administrations. In the event that they don't get what they want structure the organization, at that point in the long run, it will hamper the business turnover of organization and lessening the general piece of the pie. Subsequently, every single associations ought to put cash in their innovative work office with the goal that opportune advancement and imaginative key plans and procedure framework could be helpful to make center competency in the market. Center competency could be characterized as technique to snatch the piece of the overall industry by applying imaginative and inventive business procedures which can't be replicated by others in the market. This helps associations items and administrations recognize from those of others (Cummings and Worley, 2014). Be that as it may, the adjustments in the worth chain exercises of Age care organization has come about to following advantages, for example, decrease in generally speaking expense of creations, blockage of assets to keep the base stock in the process framework, digital security framework availability for customers and workers and foundation of internet purchasing and selling entrance for the customers and merchants on the loose. This recently introduced endeavors arranging has helped organization to expand the effectiveness of organization and build up a powerful correspondence channel for representatives, merchants and c ustomers. Anyway representatives could diminish the desk work and this online entryway will definitely build the viability of work through online gateway. (Gattorna, 2015). Appraisal of changes Age care organization had been confronting different business issues in care administrations giving business to its customers because of extreme rivalry. In this manner, so as to expand its business effectiveness and efficiency, organization needed to introduce ventures assets arranging framework in its worth chain exercises. This has helped organization to build up computerization in its different procedure and set up a compelling specialized technique for workers, sellers and the board office and customers (Samuel, 2015). Extent of progress This change will require appropriate degree of preparing and improvement program for representatives so they could adjust with the progressions and propelled specialized machines for the advancement of associations. All the representatives should enjoy taking appropriate learning classes and innovations framework. The board office will be answerable for deciding the effect of this new change and distinguishing the cost in question and advantages happened for the association everywhere (Anderson, 2016). Number of workers affected Age Care Company in the wake of executing undertakings assets arranging in its worth chain exercises will wipe out all the manual work and set up mechanization in all the working exercises. Thusly, those workers who are less disposed towards new change will leave the workplace. Likewise, on the off chance that appropriate degree of preparing and improvement meeting isn't conduced, at that point it will hamper the profitability and effectiveness of business. Be that as it may, these progressions will propel workers to learn new things and method which will make them progressively employable and powerful for the business (Sullivan and Gouldson, 2017). Sort of progress Age Care Company needs to take out all the manual procedure framework. Organization needed to introduce different machines and PCs in its worth chain exercises. For example, at the selling work area of Age Care Company, all the money and encoded exchanges happen through online entryway. This won't just increment the general viability yet in addition increment the general expense of creation in beginning timespan. What's more, Age Care Company needed to build up appropriate preparing and improvement program for representative to expand their range of abilities to adjust with the changes. It is additionally seen that Age Care Company needed to make key union with the other IT Company so all the specialized mistakes and issues could be overseen in simple and decided methodology (Fang, Kosev, and Wakeling, 2014). Level of progress This executed change in the business working of Age Care Company had been done in all the procedure division including administrative also (Chen, Chiang and Story 2012). This will give an away from on the procedure arrangement of the organization by the administrative office individual. This degree of changes had expanded the general creations and proficiency of business in decided methodology. In any case, reception of undertakings assets arranging in the worth chain exercises of Age Care Company has expanded one more procedure channel. IT division will fill in as independent procedure divert in the business chain of command of the organization (Deshmukh and Mohan, 2014). End In this report, it has been seen that on the off chance that organization needs to run it business on reasonable premise, at that point it should execute legitimate degree of imaginative and inventive change in its business working. Changes and adaption of the equivalent with the hierarchical and natural components are the key aims for the business achievement. Presently at long last it could be derived that changes made in the association should be imaginative and creative which is difficult to duplicate for other people. Representatives ought to be propelled towards changes for the successful practical fate of associations. References Anderson, D.L., 2016.Organization turn of events: The way toward driving hierarchical change. Sage Publications. Burke, W.W., 2017.Organization change: Theory and practice. Sage Publications. Cummings, T.G. what's more, Worley, C.G., 2014.Organization turn of events and change. Cengage learning. Deshmukh, A.K. what's more, Mohan, A., 2014, December. AN INTERPRETIVE STRUCTURAL MODELING APPROACH TO DEMAND CHAIN MANAGEMENT PRACTICES IN RETAILING. InPAST CONFERENCES. Elsner, S., 2013.Retail internationalization: Analysis of market passage modes, group

5 British Books To Look Out for in the U.S. in May

5 British Books To Look Out for in the U.S. in May Theres some interesting, genre-bendy, stuff coming from the UK this month. Much of it will enlarge our thinking and challenge our assumptionsâ€"or just plunge us deep into a good story. Which of these will you pick up? Mothers: an Essay on Love and Cruelty by Jacqueline Rose (Farrar, Straus and Giroux, May 1, 2018) This is a book quite unlike anything Ive ever read. It uses all kinds of primary and secondary sourcesâ€"newspaper reports and policy documents alongside novels, psychoanalysis, poetry, and moreâ€"to explore, deconstruct, and challenge the role we ask mothers to play in our lives and in society. Sal by Mick Kitson (Canongate Books, May 8, 2018) Sals little sister is ten, and in her family thats a dark and dangerous age to be. So she takes matters into her own hands, and for over a year she reads a   survival handbook, watches YouTube videos, and cunningly amasses all kinds of objects necessary to their escape. She learns how to make a fire and build a shelter. And then she takes Peppa with her, into the beauty of rural Scotland. A Spy Named Orphan by Roland Philipps (W. W. Norton Company, May 1, 2018) At the height of the Cold War, a group of men known as the Cambridge Five, who all had prominent jobs in British Intelligence, became spies for the USSR. One of these men was Donald Maclean, married to an American woman despite his sexual ambivalence and dislike of the USA. He ultimately defected to the USSR. This book takes a deep dive into his life, painting, among other things, a vivid picture of London, Cambridge, Paris, Cairo, and Washington DC, and telling the story of the tense international code-breaking operation that ultimately exposed him. If youre into the intrigue of  The Americans, this might be one for you. Natives: Race and Class in the Ruins of Empire by Akala (Two Roads, May 17, 2018; audiobook only)  Akala is an English rapper, poet, and political activist. In  Natives, he writes about  his own experiences, from being stopped and searched as a child to encountering racist teachers, and uses them as a starting point to explore the social and political history of Britain.  Covering everything from the police, education and identity to politics, sexual objectification and the far right,  Natives  will speak directly to British denial and squeamishness when it comes to confronting issues of race and class that are at the heart of the legacy of Britains racialised empire. Memory Songs:  A Personal Journey into the Music that Shaped the 90s  by James Cook (Unbound Digital, May 17, 2018; ebook only) This book promises to pay tribute to notable musicians who directly or indirectly impacted the pop scene in the 90s. Its a memoir that spans 1980 to 1994â€"from the assassination of John Lennon in 1980 to Kurt Cobain’s suicideâ€"but its also an analysis of the music that came out of the era in British culture. Im feeling nostalgic for the 90s these days, and the author is from the same part of England as my musician dad, so Ill be diving into this one. Looking for more recent British books published in the U.S.? Check out 5 British Books to Look out for in the U.S. in April and 5 British Books To Look Out For In the U.S. In March.

My Life - Free Essay Example

Sample details Pages: 3 Words: 973 Downloads: 4 Date added: 2019/10/10 Did you like this example? In a remote village in Atlanta Georgia, on the Christmas Eve of 1997 Mr. and Mrs. Roby received their bundle of joy. Don’t waste time! Our writers will create an original "My Life" essay for you Create order A healthy bouncing baby boy was delivered in our lady hospital and they named him Johnson parker; afterwards his friends nicknamed him ambassador.   This is the name I am known by unlike my biological names. I lived the name and I am currently the cancer ambassador for the Generation three against cancer group, I am also the teen’s favorite footballer currently playing for Nottingham Football club. I am telling my story to motivate and challenge the young and even the old people who have not lived up to   their dreams and tell them to hold on to their dreams as it is never too late to dream. My dad was a mason while my mum was a casual laborer in the estates around our home; my dad was in the military and he resigned after his leg was injured during an ambush in the war. He devoted his entire savings to educate us and providing for the family. I was the third born in a family of five.   My elder brother was in high school and he was a very good musician; He is still a musician currently in the famous Tiger band. He was the one left in charge of the family when our parents were off to work. One day he was left in charge and he decided to teach us how to swim in the local river he carried all of us in a cart and took us to the nearby river. Our youngest sibling was two years old then and she almost drowned. God knows how dad dealt with us; he was a very strict disciplinarian who didn’t allow us to be an undisciplined lot. Life was generally good until a tragedy came knocking, I was a very healthy young boy very active in school especially in the pitch and very talkative boy. A pimple appeared on my hand and as usual I would scratch it and the itching would disappear, the pimple busted open forming a wound and I thought I would heal. It then turned into pain and agony after the pimple turned to a wound. I was taken to the hospital where it would be dressed every now and then but it never showed any signs of healing. On the fateful afternoon of 9 August 2005, my dad was involved in a site accident which took his life, my life and that off my siblings broke into shutters. The mysterious disease was quickly draining my health and the finances too, after the demise of my father life took a u turn from good to worst. My mum wouldn’t not afford the school fees and still afford my medication; my siblings dropped out of school to at least pave way for my medication. The hell broke loose when I was diagn osed with cancer, I for a moment thought am going to die the next minute and give up my dream of becoming a star in footballer or a pediatrician. I really prayed to God for a second chance in my life so that I can make an impression on the world. Luckily for me my cancer was diagnosed in its initial stages and with extensive medication and chemotherapy I was recovering very well, but this was not a guarantee I would heal until the doctors run their last tests and gave their much awaited observation that I was free from cancer. The local football team and well wishers were able to raise my medical bill and I was released from the hospital. I saw that as the second chance I was haggling for with God and there and then I decided that I will live my life for others too.   But when I was out of the hospital the problem was integrating with the community as they were making fun of me calling me names. For instance, they called me the shaolin; the Chinese men who shave their head bald due to their religion. This baldness was a result of the cancer treatment. We became withdrawn since we never went to school and we spent most of the time helping our mother in her odd jobs. The only choice left was selling our home so as to get some money to help us out, the kids at school were all making fun of us but the determination I had in my heart to make it in life was like a fire burning up in me. I wanted to make sure I live my passion and still help people out who think they are worthless. I formed the generation three cancer group in a bid to raise the awareness on cancer which received a major lift after it got an endorsement from the cancer society. The group which consists of people affected by cancer or cancer survivors has its main goals as; impacting positively to the patient by showing them that cancer is not a death sentence while training others on good lifestyles to avoid the disease.   I have also played a lot of charity matches to raise funds for settling medical bills for patients. Despite that I was sick and my life was almost coming to abrupt end, I was able to make a turnaround and better my life and that of my family.   Therefore, I would like to urge each and every one of you to take control of his or her life. To stop listening to the discouragers and .face them with courage and let them see you disappears on the horizon away from them as life is an uphill marathon do not anticipate a sprint. Similarly, service to man is service to God we should help other when they call upon us.

I Watched The Movie Hotel Rwanda - 797 Words

I watched the movie Hotel Rwanda. The film follows a hotel manager named Paul Rusesabagina. He managed to hide 1,268 Tutsi and Hutu refugees during the Rwandan genocide in 1994. The genocide killed possibly over a million Tutsis and moderate Hutus. The genocide was lead by the Hutu government and executed by militias composed of Hutu soldiers as well as Hutu citizens. While it is difficult to understand the reasons behind a slaughter like this, it is important to at least attempt to. As briefly mentioned in the opening of the movie, Tutsis were once in charge of the government and were the elites; they oppressed the Hutus. Through a Wikipedia search I found that there was a long history of conflict and separation between the groups. Tutsis primarily herded cattle while Hutus were crop farmers. Because the Tutsis herded cattle and cattle were valuable, they became a higher social class. This was most likely the beginning of the conflict. When Rwanda became a German colony, Germany nee ded a government set up that they could work with. Being taller, having slimmer facial features, and being lighter skinned, the Tutsis were seen as being â€Å"more Caucasian† and were seen as being more fit to run the government. This clear division of power only added to the conflict between the Tutsis and Hutus. Later, Rwanda became a territory of Belgium who continued running everything as Germany did. The Tutsis, however, gained more power under the rule of Belgium. The Hutus were forced toShow MoreRelatedMovie Report : On The Hotel Rwanda1237 Words   |  5 Pages For my movie report I watched the the film on the Hotel Rwanda (2004), which follows the true-life story of the war in Rwanda between the Hutu and Tutsi tribes. When the Hutu tribe wants redemption from the Tutsi rule which left them in repression by the Belgiums, the Hutu’s create violent militas, war gangs, and set out to murder almost a million people in the length of this awful genocide that the UN restrained from becoming involved in. Once the assassination of the President Habyarimana occursRead More Hotel Rwanda Essay example1565 Words   |  7 Pages I decided to surf the internet in search of inspiration, and I found it on the mediate.com website. Robert Benjamin’s article â€Å"Hotel Rwanda and the Guerrilla Negotiator† definitely caught my eye†¦particularly since I had checked the DVD out from the library last Friday but hadn’t yet watched it. Benjamin’s article piqued my interest enough to do some additional research on Rwanda, and passion was born. While a colony of Belgium, Rwanda was separated into two tribal groups which many say wasRead MoreThe Tutsi And Tutsi People843 Words   |  4 PagesThe Hutu and Tutsi people have been struggling to live together for many years. From 1959 to 1994 the Hutu and Tutsi people of Burundi and Rwanda have been bondaged together by major events that have let to the Burundi and Rwanda Genocides. But there’s more to just the Genocides than what meets the eye. In order to understand what happened in the Rwanda genocide I must talk about Burundi and the Belgian rule. Hutu and Tutsi have lived in the same area for centuries and share the same language, religionsRead MoreMovie Analysis of Hotel Rwanda2245 Words   |  9 PagesHotel Rwanda, released in December of 2004, is based on the true story on the life of Paul Rusesabagina, a hotel manager of Hotel des Mille Collines, who saved the lives of 1,268 people in the face of genocide. This movie is based on the true events of the Rwandan Genocide in 1994 that occurred in Kigali, the capital and largest city of Rwanda in Africa. It touches upon when the Hutu extremists of Rwanda initiated an act of genocide on thousands of the minority group, Tutsis. This movie was directed/writtenRead MoreRwanda s Divided History : Rwanda2233 Words   |  9 PagesRwanda’s Divided History Similar to the Apartheid in South Africa, the genocide in Rwanda was not a random event. It was instead the result of generations of discrimination and abuse based on ethnic groups. In the early 19th century during Rwanda’s colonial period, there already existed a divide between the elite Tutsi cattle herders and the majority of the population who were peasant farmers, known as Hutu.[i] In 1918, Rwanda came under Belgian control, â€Å"during which the ruling Belgians favored the minorityRead MoreAnalysis of We Were Soldiers Once and YOung: Ia Drang The Battle that Changed the War in Vietnam1968 Words   |  8 Pagesaccomplished. As a result of this book, in 2002, a We were Soldiers, the movie was and the story was retold to a greater audience grossing over US 144 million worldwide. Reviews of the book versus movie illustrated some differences and although there was some artistic license taken when creating the movie, many Vietnam veterans claimed that they â€Å"got it right†. Shake hands with the Devil- The Failure of Humanity in Rwanda was written and based on the personal experiences of Lt General Romeo DallaireRead MoreEssay on Fall of Asclepius95354 Words   |  382 PagesFall of Asclepius By Harm 1 and Icrick Prologue Where should I begin? The apocalypse happened so fast. In less than a month, monsters infested every part of this world. People panicked, people died. They clawed at each other just to get out of all the infested areas around the world. There was problem about fleeing from infested areas. Everywhere was infested. There was no where anyone could go without encountering the walking plague. You know that phrase War is Hell? Well... its deadRead MoreBhopal Gas Disaster84210 Words   |  337 Pageschalked out under the supervision of a Constitution Bench headed by then Chief Justice of India RS Pathak. The court will also decide on the question whether this application challenging the 3 25 Years After Bhopal Gas Disaster â€Å"After the accident I used to have fever. My babies inherited the same disease and they all died in their infancy,† said 40year-old Shanti Naidu, resident of Shankar Nagar in Bhopal. The fate of 60-year- old Tusi Bai is the same. While his son has been diagnosed with tuberculosis

Development of Jazz and Blues Free Essays

Jazz music traces its origin to a mixture of West Africa and European musical elements (Hoiberg, 2002, p. 641). It is said that slaves from West Africa took with them their music when they came to North America (p. We will write a custom essay sample on Development of Jazz and Blues or any similar topic only for you Order Now 641). There, their music was exposed to European music. Thus, it is believed that jazz evolved from a fusion of these two elements- West Africa with its rhythm and structure and from Europe, harmony and the use of other instruments such as trumpet, trombone, saxophone and piano (p. 641). The fact that its roots were in the United States and not from South America or Caribbean where there were also African Blacks is rather interesting. However, African Blacks in those regions were emancipated and thus, had the chance to practice and promote their African music tradition (p. 642). In the United States, however, there was slavery. Slaves were not able to retain their music tradition and had to rely to whatever was available to them at that time to make music. While it is unfortunate to think that such practice existed, had it not been for slave trade, we probably would not enjoy jazz music now. Jazz music was heard in various occasions, from funeral processions and parades, hymns and religious events, even for work songs (p. 642). When classically-trained black musicians could not find work, they turned to jazz and played in clubs. New Orleans was the place where jazz music evolved (Hoiberg, 2002, p. 642). At that time, musicians were limited to seven instruments- cornet, clarinet, trombone, bass or tuba, piano, banjo and drums (p. 642). Saxophone made its way into jazz music only after ten years (p. 642). In 1915, the place was teeming with jazz musicians. Among those who were well known were Buddy Bolden, Buddy Petit, and Bunk Johnson (p. 643). At this time, jazz has spilled over other places such as Kansas City, Colorado and had reached Los Angeles and New York City (p. 643). Jazz groups and orchestras had started to perform. Fate Marable’s orchestra, for instance, produced the great Louis Armstrong (p. 643). Armstrong invented swing but perhaps his greatest contribution to jazz music was introducing jazz to the entire world with his jazz recordings (p. 643). He was the â€Å"first superstar of jazz† (p. 643). He also introduced what is now known as â€Å"scat† or singing without words or texts (p.  643). Other jazz standouts were Fletcher Henderson, Duke Ellington, Benny Goodman, and King Oliver (pp. 643-644). Jazz at the end of the twentieth- century is changing. Others say that some elements of jazz have been chucked in favor of new styles (Hoiberg, 2002, p. 648) In the past, jazz had a distinct sound but it has now been replaced by â€Å"stylistic flexibility† (p. 648). Also, music schools have exposed jazz students and musicians to all aspect of music now whereas before, jazz musicians were mostly self-taught. Today, we study about music theory and styles, among other things At a time when the country was experiencing depression, jazz became an outlet of many people to release pent-up emotion. Dr. Martin Luther King, Jr. spoke about the importance of jazz music during the opening of the Berlin Jazz Festival in 1964 (Winkel, 2002). He exclaimed that jazz talks about life, that jazz deals with putting into music all the troubles in the world only to come up with something that evokes hope and triumph (2002). For King, music is â€Å"triumphant† (2002). He added that jazz contributed to the freedom movement in the United States, with rhythms and harmonies serving as encouragement and composure to the despondent (2002). Jazz was popularized by American Negroes in a time when they were struggling, when they were hopeless. Listening to jazz music soothed their tired spirits, uplifted their souls. King even compared the struggle of the American Negroes to that of the modern man. While their problems may be different, they all longed for the same thing- to find their own identities and meaning in life (2002). Music is about life and when a musician creates one, it is akin to creating life, bringing hope to anyone who can hear it. Jazz music, specifically has an undeniable magic that draws people to it. It evokes a sense of calm that sometimes you need not have to be in the presence of others to appreciate it. Unlike say rock music where listening with others make it sounds better, you appreciate rock music better when you’re in a crowded concert hall where people are in high spirits. Listening to jazz does the same effect but in the opposite way. One only needs to sit back, relax and absorb the music. While classical music can also unwind a person, the effect of jazz on the listener is more personal, more emotion. Classical music is pleasant to the ears but jazz targets one’s soul. Perhaps, it’s the way the instruments are played. In classical music, various instruments are played simultaneously to produce one distinct sound that is meant to be heard. But when one listens to jazz, one does not only hear the melody and harmony, but something more, something deeper. It’s like you can see and listen to the mood of the musician. Truly, jazz has more emotional depth. Perhaps, that is also one reason why jazz is more accessible to listeners that classical music. Also, unlike classical music, one does not need to go to opera hall to hear jazz music. Jazz can easily be heard in clubs and restaurants. Lately, jazz elements have been infused with other music forms. For instance, American pop artists like Norah Jones, Christina Aguilera and Amy Winehouse have incorporated jazz into their music. Rhythm and blues (R B) is an offshoot of jazz music that evinces funk and soul. Mariah Carey, Whitney Houston, Mary J. Blige, even Justin Timberlake are just some of the popular artists who use this style and judging by the sales of their albums, concerts, and the number of times their songs have been played over the radio and rocketing sales in music downloads, they have succeeded. It just goes to show that jazz music is really evolving. And when people continue to listen to it, jazz music will live on. How to cite Development of Jazz and Blues, Papers

Midland Energy Resources Cost of Capital free essay sample

Midland Energy Resources, Inc. is a global energy company with its operations in three divisions – Oil and gas exploration, Refining and Marketing and Petrochemicals. The company has been there for 120 years and in 2007 had more than 80,000 employees. It has been a very profitable company with reported operating revenue of $248. 5 billion and operating income of $42. 2 billion in 2006. The primary goals of Midland’s financial strategy are to fund overseas growth, invest in value-creating project, achieve an optimal capital strategy and repurchase undervalued shares. To accomplish all these goals the company has asked Janet Mortensen, Vice President of finance for Midland energy resources, to calculate the weighted average cost of capital (WACC) for the company as a whole. Formula: WACC = rd (D/V) (1-t) + re (E/V) Where, rd = cost of debt; re= cost of equity; D = Market value of debt; E= Market value of equity; V= Market Value of the company (D+E); t= Tax rate. We will write a custom essay sample on Midland Energy Resources Cost of Capital or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Risk Free Rate, rf: Midland’s borrowing capacity is typically depended on its energy reserves and long-term assets. Considering its assets long-term valuation a 1-year risk free rate seemed unreasonable. Furthermore there is a high correlation of Midland’s stock price with changes in energy prices, which required periodic re-evaluation of its borrowing capacity. A 30-year Treasury bond rate also doesn’t quite seem to justify its unpredictable nature. For Exploration and Production (Eamp;P) and Refining and Marketing (Ramp;M) a 30 year maturity T-Bond can be used as those divisions tended to focus on longer term projects. But a division like Petrochemicals tends to focus on shorter-term projects. So, 1 year T-bond will be applicable for this. So, for overall, Midland Energy Resource we have decided to take 10-year risk free rate, which is 4. 66%. Equity Market Risk Premium (EMRP): In 2006, Midland used an equity market risk premium of 5%, but higher EMRP’s -6% to 6. 5% had been used by Midland at various times in the past. Midland adopted its current estimate of 5. 0% after a review of recent research and in consultation with its professional advisors – primarily its bankers and auditors – as well as Wall Street analysts covering the industry. So, we also decided to use 5%. Tax rate, t: In 2006, Midland’s income before tax was $30,447 million. They paid $11,747 million of taxes. So, the tax rate was 11,747/30447 = 38. 6%. We have decided to use 39% as a round number for tax rate. Cost of Debt, rd: The cost of debt is calculated as the yield to maturity offered by the U. S government Treasury bonds plus the risk premium interest rate that lenders demand for taking the risk of lending money to the company. Midland’s cost of debt is equal to the consolidated spread to treasury of 1. 62% in addition to the 10-year rate of the U. S Treasury bond.