Class assignment Example | Topics and Well Written Essays - 500 words

Class - Assignment Example It should be remembered that our most important priority is our cattle and we do not make mistakes in supplementing their diet appropriately. Also, when all taxes are paid to government, private ranchers should be allowed to use public lands. The best management plan for the gray wolf population should be based on recovering this precious species. The plan should essentially seek to recover or protect the gray wolf population which is already endangered. However, a good management plan must not override the interests of the local ranchers. Conflicts with cattle and influence of the gray wolf population on rest of the wildlife species must not be forgotten. The need of the time is to use a balanced approach which benefits both the gray wolf population and the ranchers and their livestock. The plan should seek to sustain the gray wolf population in a manner that it does not jeopardize the ranchers’ objectives, while also reducing impacts on other animals. I would advise Californian officials to remember the core objectives of their wolf management plan when wolves do get established in the state. This will help them to address ranchers’ concerns in addition to effectively protecting the wolves. It is also important to create such opportunities which promote recreational uses of gray wolves. Of course, such recreational use should be in line with the official plans. In order to help guide the thinking and actions of California’s officials, I will also advise them to strictly control people and animal species in areas where the possibility of wolf predation is high. In order to make California’s officials ease their planned wolf reintroduction program, I will like to say from the viewpoint of a rancher that reintroduction of wolves in Idaho has served to create more damage than restoration of any animal species. There is much controversy over wolf reintroduction here in Idaho and one of the primary reasons for this controversy is

CORPORATE FINANCE MINICASE Essay Example | Topics and Well Written Essays - 1000 words

CORPORATE FINANCE MINICASE - Essay Example Explain what these terms mean, and briefly describe each theory. Dividend irrelevance theory refers to a theory where there is a difference between the dividends, capital gains and making of dividend policy irrelevant and which do not have an effect on the value of the firm. This theory was developed and proposed by MM however there have been a number of assumptions that have been made to prove that it is zero. In the theory MM had argues that paying out a dollar on a share would lead to reduction of the growth of earnings, dividends as the stock require to be sold to be able to make up for the capital paid in terms of dividends. The ‘bird – in - the – hand’ refers a theory where the dollar of dividends in hand is a preferred solution rather than a dollar that is retained in the business. In these cases as well the dividend policy has not effect on the firm’s value. This theory on the other hand was identified and recognised by Myron Gordon and Jon Lintner. The major argument was that the investors note a dollar of dividend to be much less riskier when in hand rather than in the retained earnings of a company. In this case the investors will regard the firm with a high payout ratio than being a less risky with a low payout ratio. The two theories oppose one another as the MM stated that the Gordon Lintner spoke of the firm’s risk to be dependent on the riskiness of its cash flows from the assets and the capital structure. However it is not how its earnings are distributed among the investors. It is essential to understand that if the dividend irrelevance theory is accurate, then it would mean that there are no consequences of the dividend payout theory. In case the bird – in – the – hand theory is correct, then the firms would have a high payout if it maximised its stock prices. If the tax preference theory is accurate, it will be noted that the firm