Morris - 3143 Words

Case 19 | Morris de Minas | By Ian H. Giddy | Vijak Pongtippun Viwan Wongviriyawong Wenyu | Introduction In August 1984, Morris Mini Mainframe Computer Company in New Jersey was looking for the most desirable financing alternative for Morris de Minas Ltda, its Brazilian affiliate, in the working capital needs of 82,650 million cruzeiros or US $39,320,000; at the exchange rate of 2,102 cruzeiros per US dollar. David Albuquerque, the vice-president of finance for the Latin American Division, was in charge of exploring possible financing arrangements and preparing a financing alternative plan. Albuquerque believed that Brazilian expected inflation rate and tax legislation, and the future exchange rate would play major roles†¦show more content†¦However, the economy recovered rapidly during 1968 to 1973 with averaging over 10 percent per annum. The GDP also increased at a rate above 5 percent per annum between 1974 and 1980, except for 1978 (see Exhibit 2). However, Brazil had incurred an extremely high level of indebtedness due to the support of this massive developme nt program. The high interest rates on dollar funds and the unwillingness of foreign lenders to advance additional loans caused a deep economic recession in Brazil. Interest rates directly affect the credit market (loans) because higher interest rates make borrowing more costly. As a result, Brazilian government who aimed to balance the payment had to ask the International Monetary Fund (IMF) for funds. Exhibit 2: Morris de Minas, Brazil’s Gross Domestic Product | 1979 | 1980 | 1981 | 1982 | 1983 | Total (CR $ billions) | | | | | | At Current Prices | 6,239 | 13,104 | 26,833 | 53,150 | 130,805 | Real Increase (%) | 6.8 | 7.9 | -1.9 | 1.4 | -3.3 | Per Capita (CR $ thousands) | | | | | | At Current Prices | 54 | 110 | 220 | 425 | 1,021 | Real Increase (%) | 4.2 | 5.4 | -4.1 | -0.8 | -5.4 | As the export performance of BrazilShow MoreRelatedEssay on William Morris841 Words   |  4 PagesWilliam Morris William Morris (1834 – 1896) was perhaps the most important British decorative artist of the 19th century. A prolific designer, craftsman and decorator, his work and ideas have had a major influence on the development of modern interior design. William Morris was one of the most influential figures in the Victorian and Edwardian art world. As a young man at Oxford he became involved with the Pre-Raphaelite movements, mixing with such artists as Dante Gabriel Rossetti, William HolmanRead MoreEssay about William Morris596 Words   |  3 PagesWilliam Morris William Morris, English poet, artist, socialist reformer, and innovator in the Arts and Crafts Movement. He was born in Walthamstow, then a village, and moved to a grand residence there called Water House at the age of 14 - this has since become the William Morris Gallery. He studied at Oxford with the intention of becoming a clergyman, but while there he met Edward Coley Burne-Jones, also studying for the church, and they both began to turn towards art. They were persuaded by RossettiRead MoreMy Dog Skip By Willie Morris1483 Words   |  6 Pages Willie Morris’ book, My Dog Skip is a story about growing up with a dog and how it can teach a child many lessons. Set in Yazoo, Mississippi in the 1940s, Willie Morris gets a dog for his ninth birthday. He names the Jack Russell Terrier Skip and the two become inseparable. Willie and Skip go everywhere together, even to school. They also go around town together, visiting stores and going hunting, and they even sleep in the same bed. Skip is an extremely loyal and disciplined dog. One day, SkipRead MoreThe Grand Canyon By Henry Morris1449 Words   |  6 PagesCentury alternative belief to evolution is scientific creationism. This became prevalent through the leading institute for promoting, forming, and researching the doctrine of scientific creationism: the Institute of Creation Research led by Henry Morris. One of the major research projects that the institute started was the Grand Canyon Dating Project arguing that the Grand Canyon was formed by a catastrophic event: the Flood. 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Consequently this is the reason Philip Morris had passion for social performance. They began as a very small family business specializing in hand rolled cigarettes. In 1902, the company moved to New York City and merged. Even though the company stayed small by 1960Read MorePhilip Morris Ethical Issues Essay2355 Words   |  10 Pages Philip Morris International Inc. Cigarettes an Ethical Dilemma For a Prosperous Company By Matthew Murray Table of Contents Company Overview Company Success and Campaigns Tobacco Regulation and Effect on the Company An Ethical Look on an â€Å"Evil† Company Philip Morris and Positive Ethical Behavior Company Views and the Utilitarian Approach The Fact of the Matter for Philip Morris In Conclusion References Company Overview The Philip Morris founded a cigaretteRead MoreCulture War : The Myth Of A Polarized America, Morris P. Fiorina1007 Words   |  5 PagesIn her book, Culture War? The Myth of a Polarized America, Morris P. Fiorina talks of the lack of polarization in today’s politics. â€Å"The â€Å"culture war† refers to a displacement of the classic economic conflicts that animated twentieth- century politics in the advanced democracies by newly emergent moral and religious ones† (Fiorina, Abrams, Pope, 2005, p. 2). Fiorina argues that this phenomenon does not exist; her argument under is persuasive for many reasons. I see the following as the main reasons:Read MorePhillip Morris11017 Words   |  45 PagesUVA-F-478 Rev. 18 de Julio de 2005. Philip Morris, Inc.: La adquisicià ³n de Seven - Up. La decisià ³n estaba tomada. Philip Morris, Inc. (PM) a travà ©s de su directorio harà ­a una oferta para tomar el control de la compaà ±Ãƒ ­a Seven-Up. Las dificultades y enredos de esta decisià ³n palidecà ­an, sin embargo, al enfrentarse a la siguiente pregunta:  ¿A quà © precio se deberà ­a hacer la oferta? Era la segunda mitad de abril de 1978, y enfrentando un mercado muy activo en fusiones y adquisiciones, PM reconocà ­aRead MorePhillip Morris11001 Words   |  45 PagesUVA-F-478 Rev. 18 de Julio de 2005. Philip Morris, Inc.: La adquisicià ³n de Seven - Up. La decisià ³n estaba tomada. Philip Morris, Inc. (PM) a travà ©s de su directorio harà ­a una oferta para tomar el control de la compaà ±Ãƒ ­a Seven-Up. Las dificultades y enredos de esta decisià ³n palidecà ­an, sin embargo, al enfrentarse a la siguiente pregunta:  ¿A quà © precio se deberà ­a hacer la oferta? Era la segunda mitad de abril de 1978, y enfrentando un mercado muy activo en fusiones y adquisiciones, PM reconocà ­a la