Financial Case Study Example | Topics and Well Written Essays - 2000 words

Financial - Case Study Example It is noteworthy that family is though enjoying the current ease of payments but is piling up debt that will move beyond the capacity of the family in future. Major pressures will be piled up from regular home installment, investment unit’s huge payment that is also not offering redraw facility, credit card that is piling up with regularity. The dividends from the stocks that Ann inherited are already recognized as franked and so cannot be relied for payment of certain of such debt. One aspect that identifies the issues is the capital appreciation from stocks in three years is 2.2% only. This percentage appears worthless as it is multiple to the percentage payable on the investment unit. Also investments made by the family are not generating the notable income such as tenant income from investment unit is running in deficit of USD 134 after meeting expense of interest. Two children are still to gain the higher education, the price of which is constantly on rise due to economic pressures. This problem will be complimented with the fact that both bread earners of family are in their late forties; therefore, the woman will retire in middle term in future while man though has his own business but will reduce the capacity to visit same number of clients as he does today and so will earn less or no. Also fast paced technological changes will ultimately require men to hire workforce which will add cost to the business. Hence, the overall revenue and expense plan is not worth. Considering these factors the future of the family is gloomy and troublesome. It can be safely stated that the future of the family is at financial risk. Steps To Improve the Situation with Respective Rationales The reflection of future developed from the assessment of the case clearly requires that it is high of time for family to assess the contribution from each cost incurred and respective benefit derived from it in current point in time as well as for future. This long term planning r equires family to set the future goals. Goals to be set as suggested must meet following requirements: Each goal set must ensure that it results in meeting the financial benefit in the long terms. Goals must also enable family to align their current financial resources in a manner that are able to generate the productive results. With above two financial directions for setting goals and well as the case information, following goals must be set by the family: Readiness to re-allocation of the financial resources. Meeting and paying-off the debt burden without generating any additional debt. Enable the family to meet the educational expense of the children Enable the family to meet the meet medical requirement for father and Jack and Ann in future Enable the family to meet the fixed expenditure of the family safely once the family bread earners retire. The last goal of the family is to ensure the contribution in the family budget from every earning head. Once the family has determined what financial resource they require in the different points in time, then it shall focus itself in directing the financial resources accordingly. This will require the family to rebuild its budget. Following steps are suggested to the family for the reallocation of the budget: The family must retire the debts it has piled from two cars and a

Revolutions in 20th Century Latin America Essay

Revolutions in 20th Century Latin America - Essay Example Latin America was one of those lands which underwent frequent revolutions. Twentieth century as well as the Caribbean lands are no exceptions. This paper is intended to identify the various reasons for the revolutions in the Latin America. Due to the space constraints two revolutions are taken into account; the Cuban revolution in 1959 and 'tenants revolution' in Brazil in 1930. Any revolution is not a one night process. A whole domain of social, cultural, geographical, internal and external political and/or economical factors plays their role to evolve a revolution. Thus, before analyzing the causes of revolution, it is empirical to have a glance into the social, cultural, geographical, political and/or economical setup of the land in particular and the region in general. When we will analyze them all and try to map them on the chronology of the revolution, this way the causes would be highlighted themselves. United States of America had helped Cuba achieve independence in 1898 from the Spanish domination, thus it was quite obvious that US had an influence over the Cuban Affairs, local as well international, since the day one. The control of the United States of America on the Cuban Economy is evident from the facts that United States had control over almost half of the land of Cuba, three fifth of the railway system, almost ninety percent of electricity production and the telephone system. Furthermore, Cuba was the main supplier of various raw materials to the United States. So we can infer that though Independent, the control of USA was yet not lesser than that of British Imperials in their colonies. Furthermore, the domination did not result in the increase in the efficiency of the overall performance of the country, so there was a general opinion in the people of Cuba, that the United State is exploiting the Cuban people for their (US) interest through the dummy leaders like Batista. (Thomas) Cuban Economy before Revolution: At first look, it appears that Cuban economy was prosperous at that time. Cuba's mortality rate of 7 per thousand was the lowest in Latin America. Its infant mortality rate was by far the lowest. Cuba's mortality rate of 7 per thousand was the lowest in Latin America. Its infant mortality rate was by far the lowest. Cuba had one automobile for every 39 inhabitants, compared with Argentina's one for every 60 and Mexico's one for every 91 people. The wage rate for industrial workers in Cuba was the highest in Latin America (as of 1957) and 9th highest in the world. However, the other side of picture so dark that this appearing brightness of Cuban Economy fade away, when someone browse through these factors. The economy was too dependent on Sugar. Wealth was unevenly distributed. Unemployment was 8% in five months of sugar harvest, but for the rest of the year, it used to be around 30%. As stated above, the economic prosperity had no trickle down effect; the only beneficiaries of the si tuation were the US companies in Cuba and their Cuban associates who were working for their interests. Thus there were high social tensions among the common man of Cuba. (Seers) Political Setup in Cuba: There was no reliable democratic