Read the following two articles (include in reference page – counts as 2 sources) and then follow the instructions for the paper:
1. Abramson, A. (2017, August 1). The Internet has ideas for how Apple can spend its mountain of cash. Fortune.
https://web.archive.org/web/20180709194840/http://fortune.com/2017/08/Links to an external site. 01/the-internet-has-ideas-for-how-apple-can-spend-its-mountain-of-cash/
2. Balakrishnan, A. (2017, August 1). Apple cash pile hits new record of
$261.5 billion. CNBC. Retrieved from https://www.cnbc.com/2017/08/01/apple-earnings-q2-2017-how-much-Links to an external site. cash-does-apple-have.html.Links to an external site.
Apple and its cash hoard – As of August 1, 2017, Apple Computers, Inc. had more than $250 billion in cash in offshore banks
(Abramson, 2017). The cash balance was after the company paid out more than $1.1 billion in dividends and repurchased more
than $4 billion of its stock from shareholders (Balakrishnan, 2017).
Paper Instructions:
Answer the following questions in your paper:
1. What will the managers of Apple do with so much cash?
2. Why does Apple borrow money?
3. What are the management of Apple responsibilities to shareholders, stakeholders and its international business communities
and constituencies (charities, volunteer organizations, standard of living, etc.)?
4. Should Apple shareholders demand more dividends?
5. Biblical Foundations Section – Assume Apple is a Christian company and apply at least 5 biblical verses to Applewhat. Explain
how Apple runs its company in line with biblical principles? Explain how Apple follows the Bible’s guidance on finances?
(This biblical application section must be a minimum of 600 words).
Paper Requirements:
– Minimum of 2,750 words
– APA 7th Edition – Title page required
– Minimum of 8 sources
– Subheadings must be included in the paper
Textbook Required Source as well:
Moyer, R. C., McGuigan, J.R., & Ramesh, P.R., (2018), Contemporary Financial Management.
Cengage Learning. ISBN: 978-0357292877
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