Prepare a report for the managing director, Financial Management

Assignment Help:

The Managing Director of your firm is thinking aloud about an appropriate gearing level for the company:

"The consultants I spoke to yesterday explained that some theorists advance the idea that, if your objective is the maximization of shareholder wealth, then the debt to equity ratio does not matter. However, they did comment that this conclusion holds in a world of no taxes. Even more strangely, these theorists argue that in a world with tax, it is best to ‘gear-up' a company as high as possible. Now I may not know much about theories but I do know that there are limits to the debt level which is desirable. After listening to these consultants, I am more confused than ever."

Required:

Prepare a report for the managing director both outlining the theoretical arguments and describe the real-world influences on the gearing levels of firms.


Related Discussions:- Prepare a report for the managing director

Computation of value of the firm, Q. Computation of Value of the Firm? ...

Q. Computation of Value of the Firm? Computation of Value of the Firm (V) & Overall Cost of Capital:- NI                    = EBIT - Interest = 50,000 - 20,000 = 30,000

What are the benefits of the jit inventory control system, What are the ben...

What are the benefits of the JIT inventory control system? The just-in-time (JIT) inventory control system lesser inventory carrying costs and tends to increase quality.

Differences in working capital for different industries, Differences in wor...

Differences in working capital for different industries   Manufacturing Retail Service Inventories H

What are the material items are carried out, What are the Material items ar...

What are the Material items are carried out Material items would have an impact on: Audit tests carried out. For illustration compliance based testing (relying on contro

Security offered - influence the rate of interest, Q. Security offered -  ...

Q. Security offered -  influence the rate of interest ? The rate of interest charged on the loan will be lesser if the debt is secured against an asset or assets of the company

Describe the interest rate parity theory, Question: (a) Describe the In...

Question: (a) Describe the Interest Rate Parity Theory. (b) A company needs to pay in 3 months USD 1 million. The USD are already at disposal in the company, thus the c

Acquisition strategy, T he acquisition strategy The most important str...

T he acquisition strategy The most important strategic consideration is the size of the acquisition. The completion of smaller series should be considered in the beginning tha

What is purchasing power risk, Q. What is Purchasing Power Risk? Variat...

Q. What is Purchasing Power Risk? Variations in the returns are caused also by the loss of purchasing power of currency. Inflation is the reason behind the loss of purchasing p

Placement on career path, Placement on career path: The next step of t...

Placement on career path: The next step of the career planning process is to place an individual on a chosen career path. A career path is the logical possible sequence of pos

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd