International Money and Finance Essay Example | Topics and Well Written Essays - 1000 words - 1

International Money and Finance - Essay Example ompany name â€Å"Sunbelt Rentals.† Sunbelt Rentals has 358 facilities across the United States, and functions primarily in the commercial construction market. The company’s annual report from 2010 provides clues on the exchange rate risks. The operating statistics on the number of rental stores and staff strength provide a comparative view of the performance of the Ashtead Group for both Sunbelt Rentals and A-Plant in the years 2009 and 2010 respectively (Ashtead Group Press Release, 2011). Ashtead Group exposure to exchange rate risk develops from translation risk, which emerges from most of the company’s assets, liabilities, income, and costs being written in U.S. dollars. The changes in the comparative value of Pound Sterling and the U.S. dollar impact on the financial strength and functioning of the company. All of the company’s debt is shown in U.S. dollars in order to secure the revenue stream, hedging against the translation effect erupting from the shift in the dollar exchange rate. The company pays dollar interest on its debts to reduce the impact of any shift in the dollar exchange rate on its income (Moffett et al., 2009, p. 260, Ashtead Group Annual Report Accounts, 2010). Movement in the exposure of the company against the Pound Sterling or other currencies can create significant transaction exposure. Higher levels of exposure can affect the firm’s short-term cash flow and therefore may force the firm to borrow in order to meet its short-term cash requirements (Moffett et al., 2009, p. 253-255). Until the 31st of October, 2010, all company debts were shown in U.S. dollars and nearly 80% of the value of the company’s net assets was also in dollars. It proved to be a robust hedge against currency fluctuations. It reduces the impact of exchange rate fluctuations as interest is paid through dollars, thus reducing the effect on pre-tax profits and income. Based on the latest currency mix of Ashtead Group’s profits and dollar debt levels, in

Critque of Paper Essay Example | Topics and Well Written Essays - 500 words

Critque of Paper - Essay Example is vital, to prevent the escalation of the disorders, which is likely to cause more harm to the individuals themselves through self injury, as well as damaging actions to the wide society. The paper employs empirical research method of research. This is so because it applies an observation of the activities/operations taking place in various residential treatment facilities, in a comparison manner with the institution in question. The aim is to establish where it falls in this category of institution, based on its performance in residential treatment. The unit of analysis applied in this paper is the residential treatment program. The paper compares the success of different treatment programs. It also seeks to establish the relationship between the staff to patient ratio, and its impact on the performance of these institutions. The paper also tried to seek the relationship between the state licensing/certification of the staff, and the program performance. The aim was to know whether the certification affects performance, which was found to be unlikely. The type of data collected is nominal (Richard). This refers to that data that use names in establishing relationships. The paper is developed based on a set of treatment programs, compared per their performance. Ordinal data are also used in this paper. The treatment programs are ranked based on their percentage performance in patient treatment. Ratio data are also collected and used in this paper. There has been a computation of the staff to patient ratio. This is then applied to seek whether there is a relationship between this ratio and the program performance. The paper has applied various data collection tools. The rating scale is one of them, where the programs are rated in success percentage (Richard). Document review is also applied as a tool, since information regarding to staff and patient numbers are obtained from the programs’ documents. Institutional schedule is yet another tool employed. The paper