Corporate finance Essay Example | Topics and Well Written Essays - 3000 words - 2

Corporate finance - Essay Example Last, the third objective is to maintain a dividend payout ratio of 40%. The objective is suitable because it helps prevent agency problems and respond to the investors’ preference to certain earnings (dividends). The cash flow analysis indicates a strong financial position of the company. In addition, the financial plan takes into consideration the shareholders’ interest of wealth maximizing through payment of high dividends. Food for life, a company incorporated in the United Kingdom, operates locally. The company was established 25 years ago and since its establishment, it has been providing services to various customers such as schools, colleges, hospitals, businesses and retirement homes. The company faces strong competition from only one company, the Organic Foods. Its rival company is a much larger and has expanded into various international markets. The establishment of Food-For-Life was made by two young women who currently own 75% of shares, whereas, the other 25% of shares are owned by a venture capital firm. The end of the financial year 2014 is on the horizon and the customary board meeting is expected any time. Among the most critical issues to be discussed during the board meeting are the company’s objectives. The following are the three objectives to be reviewed during the meeting: first, the company wishes to maintain the company’s profit margin of around 24%. Second, the company seeks to uphold the current strong financial position. Last, in order to satisfy the interest of the shareholders, the company is planning to maintain the current dividend payout ratio of 40%. In addition, the company anticipates an increase in the sales levels to  £ 270 million in 2015,  £ 310 million in 2016 and  £ 350 million in 2017. However, the sales growth rate is expected to be zero for the subsequent years. Based on the company’s financial objectives and other

Xuanzangs Heart Sultra Essay Example | Topics and Well Written Essays - 3000 words

Xuanzangs Heart Sultra - Essay Example The first part focuses on the Heart Sultra and on the reasons why the Heart Sultra is so important to the Chinese Buddhism. This part will cover the main differences among the different branches of Chinese Buddhism, before and after the Heart Sultra. The second part of the paper looks at the changes in Chinese Buddhism that came after the Xuanzang’s Heart Sultra; this part looks at how the Heart Sultra affected the Chinese Buddhism. This part of the paper also looks at the reasons why the Heart Sultra is different from other Sultras and why it caused so many changes in the Chinese Buddhism. The last part, i.e. the third part of the paper looks at how the Heart Sultra affects the modern world Chinese Buddhism. This part focuses on how the Heart Sultra has influenced the beliefs and the worldview of the modern Chinese Buddhism. Let us begin by looking at the Heart Sultra and the reasons why the Heart Sultra is so important to the Chinese Buddhism. For the better understanding of the importance of the Heart Sultra in Chinese Buddhism, it is important to look at the Heart Sultra in the context of Buddhism holy literature. In Buddhism, there is a vast of religious literature or Buddhist scriptures; there are indeed thousands of holy literature in Buddhism. For this reason, it is impossible for any individual to read and to master all the important Buddhist literature. Buddhist Holy Scriptures is referred to as Sultras (Sanskrit) or Suttas (Pali). Heart Sultra, therefore, is one of the many sultras of Buddhism.