Sherwin Williams (SHW0 Research Paper Example | Topics and Well Written Essays - 1000 words

Sherwin Williams (SHW0 - Research Paper Example There are various methods which have been postulated by scholars such as Gordon; Gordon postulated a growth model which is used to ascertain or estimate the value of stock in the future. In the Gordon growth model it is assumed that the company cash flows experiences constant growth t to perpetuity from the period immediately proceeding the valuation date. In the Gordon method the present value of the terminal benefit is then added to the summation of the present value of all project cash flows so as to arrive at the total value of stock (Stavans, 2007). The second approach to stock valuation in order to ascertain the total returns to the investor is the constant growth model. Using model it is assumed that earnings of the stock a constant growth, that is, dividend experience a constant which is usually ascertained from the growth in the earnings of the company then using a capitalization rate which is given by the difference between the company cost of equity and the growth. Then, the expected earning to the stock (then multiplied by one plus the growth rate) is divided by the capitalization rate so as to arrive at the total earnings attributed to the stock. Then, this figure is added to the current market so as to ascertain the total returns that would accrue to the investor at the end of the five year period. In order to achieve the objectives of this paper we will employ a hybrid of Gordon growth model so as to arrive at the total returns that the stocks of Sherwin Williams company. This method was adapted due to it is consideration of the time value of money concept. Moreover, this method is more efficient than the constant growth assumption method. Total present value of earnings = 8.3431 plus 86.00 assuming the market price of shares grows at the same rate like the dividend such that the market price per share at the end of five years will be 86 (1.11)5 = 145.57 the present value would be 145.57 x 0.5428 = 79.02. Therefore, the total return

Corrections and Additional Issues in Criminal Justice Essay

Corrections and Additional Issues in Criminal Justice - Essay Example The origins of corrections of the United States criminal justice system date back during the early colonization era; this practice was ascribed from European colonizing countries (May et al, 2007). Corrections generally refer to â€Å"the supervision of persons arrested for, convicted of, or sentenced for criminal offenses† (Bureau of Justice Statistics, 2012). Corrections carry varied functions and are performed by different government agencies, which are involved in imposing social control and lessening crimes through punishment and management of those who are sentenced (Stohr et al., 2008). Further, corrections are delimited to three main functions: (1) imprisonment; (2) parole; (3) probation (Garner, 2009). By and large, any offender is not automatically sent to corrections; â€Å"the first exposure most people have to the criminal justice system is the police† (May et al., 2007) after committing any form of legal violation. Before an offender or suspected offender is forwarded to the corrections, the offender will have to undergo a trial on which he or she is given the chance to defend himself or herself against accusations or alleged suspicions; and to clear his or her name. After being found guilty, the offender is now handed in to the corrections, wherein the offender will have to submit to a punishment. In history, punishments were stern and ruthless. Due to deficient resources to construct buildings in which convicted individuals would be incarcerated, early civilizations resorted to some grave punishments; â€Å"defendants who were found guilty were subjected to corporal punishment (physical punishments such as whippings)†¦ or executed soon after the sentence was imposed† (May et al., 2007). However, less inhumane punishments such as shame was also employed as a form of condemnation. With the progression of time, system of executions has likewise progressed into