Travel agency website Essay Example | Topics and Well Written Essays - 1000 words

Travel agency website - Essay Example Man by nature travels from one place to another. This is evidenced by the annual volume of the inbound and outbound travellers here and abroad. Travellers usually utilize one or a combination the land, marine, and air transportation modes. They may travel on their own without the assistance of a travel agency, if they are already familiar of the place to stay in or visited.Majority of them usually employ the services of travel agencies to book various travel services needed and to get rid of preparing it themselves and end up in a costly, unorganized, and not enjoyed travel.With the advent of e-commerce technology and the use of the internet, people from all walks of life may book their travels in a traditional way or online. Online bookings need to be done interactively using a travel agency's website. The website's user interface design is very crucial in a travel agency for it replaces the traditional way of interacting with the customer. The extent of the services and care that a n agency can give face to face to customers should at least be replicated or surpassed in the online version.In a travel agency website we could think of several scenarios of use. The following types of users are considered in this study, namely: the students, the professionals, the tourists, and the immigrants.Students profile includes local, national, international students.... This group includes the business travellers, delegates, participants, speakers, and convenors of conferences, conventions, trainings, seminars and parallel activities. This may also include government representatives to conduct official business activities in this country as well as in other countries. Tourists profile includes local, national, and international tourists. Their goals and needs are the following: booking their travels in a pre-scheduled basis or open scheduled basis, usually they need additional services like hotel accommodations, local travel services, and other services specifically designed for tourists. This group includes a wide and a very diverse array of travellers. Travellers classified in other groups may in one time or another are also classified or combined here. Immigrants profile includes local, national, and international immigrants. They may be inbound or outbound immigrants granted immigrant status here or in other countries. Their goals and needs are the following: booking their travels in a pre-scheduled or open basis, usually they need additional services like hotel, apartment, and house accommodations, local travel agency assistance, and other services specifically designed for accommodating inbound immigrants and helping outbound immigrants. This group also includes government diplomatic representatives and workers The PACT Components Analysis Matrix To clearly identify, determine and describe the people, activities, context, and technologies involved, the following Table 1. PACT Components Analysis Matrix is utilized in this study. Table 1: PACT Components Analysis Matrix PACT COMPONENTS ANALYSIS MATRIX PEOPLE

Capital structure analysis Math Problem Example | Topics and Well Written Essays - 750 words

Capital structure analysis - Math Problem Example Since the managers are not sure of the accurate share price IST, the company would face a lemons problem if it would wish to raise the amount of capital required through issuing equity. A lemons problem takes place when both the buyers as well as the sellers have asymmetric information about the worth of the product in order to take an informed choice, and it is not possible to get hold of the correct information. For example, if in the market, the buyer cannot determine the value or worth of the product precisely, then he might be willing to pay only an average price for it, which is near about the mean value of the bid price and the offer price. But, this skews the balance towards the lemon seller (whose products are not of high quality), because receiving an average price for his low quality product is good enough for him; as the average price would definitely be higher than the price the product would command if the buyer knew in advance about the quality of the product. This occ urrence also places the seller of a good quality product in a disadvantageous position, since the best value such a seller can anticipate to get for his product is an average price, which is actually lower than the value the product should command (Tel Aviv University, n.d.). Prob. a) In the case of IST, since the managers of IST are not sure about the accurate price of these shares and feel that it is either $12.5 or $14.5, so as the investors have chosen an average price and hence the shares of IST are presently trading at $ 13.50. i) At present, if the company issues equity to raise the required capital, the share price will remain $13.5. The managers of IST would always want to maximize the long-term share price of the company. If the managers know that the accurate value of the share is $12.5; because the shares would be priced at $13.5 which is higher than the actual correct price, the company will have to issue comparatively lesser number to shares as compared to the situatio n if the shares were priced at $12.5. If the share price was $12.5, IST would have to issue 40 million shares to raise $500 million and now that the share is trading at $13.5, it will have to issue 37.037 million shares. Thus, since in this case IST has to issue 2.96 million less shares, it gains around $40 million (2.96 million times 13.5) and hence the managers would definitely choose to issue equity to raise $500 million ii) But, if the managers know that the accurate value of the shares is $14.5, issuing equity would mean that the share price would remain at $13.5 though its actual value is more. This would go against their policy to maximize the long-term share price of the company and would also imply that the company would have to issue 2.55 million more shares than it would have at share price of $14.5. This would lead to a loss of $34.42 million (2.55 million times 13.5). If the company borrows the required amount, it has a threat of potential financial distress and the pre sent value of the financial distress cost would be more than any tax benefit, by at least $20 million. The potential loss by issuing debt is much less than the loss by issuing equity, hence in this case the mangers would choose to borrow $500 million instead of issuing equity. Prob. b) If the management of IST issues equity, then the investors should conclude that the