Objective Of Kentucky Fried Chicken Engineering Essay

Aim of the Kentucky Fried Chicken ( KFC ) have two aims are stated nonsubjective and implied aim. First aims in the declared aim are merchandise development. In this nonsubjective the KFC do the addition assortment on bill of fare, present desert bill of fare and present counter to eating houses. Second aims from the stated aim is debut on the Neighborhood Program with menu points target African Americans in major metropoliss with the points of leafy vegetables, macaroni and cheese, peach shoemaker and ruddy beans and rise. Besides that, menu points aiming Hispanics in major metropoliss with the points of fried plantains, flan and braid bloodsuckers.

Others aims is execution on non-traditional units including the shopping promenade nutrient tribunals, universities, infirmaries, airdromes, bowls, amusement Parkss, office edifice and nomadic units. After that, in this aims want to increase profitableness of KFC through the decreased operating expense costs, increased efficiencies, improved client service, cleaner eating houses, faster and friendlier service and continued high quality merchandises. Besides have to decide franchise jobs in the United States.

In implied aims have four aims. First aim is enlargement of international operations to supply the increased per centum of overall gross revenues growing and increased per centums of net income growing. Besides want to increased enlargement of franchises into Mexico. The following aim is enlargement of franchise operation beyond Central America, continued publicity of healthier image through remotion of the universe “ fried ” from the name and to better bill of fare choice of rotisserie.

Industry analysis is of import to unusual for a house in a troubled industry to execute good. The economic construction of an industry is non an accident. It is complexnesss are the consequence of long term societal tendencies and economic forces. But its effects to the concern director are immediate because it determines the competitory regulations and schemes to utilize. Five forces that are widely use to measure the construction of any industry. The five forces are the dickering power of provider, dickering power of the purchasers, menace of new entrants, menace of replacement and competition among rivals. The strength of the five forces determines the net income potency in an industry by act uponing the monetary value, costs and needed investing of concern it is the component of return on investing. Stronger forces are associated with a more ambitious concern environment.

In the first forces is dickering power of providers that ‘s means any concern requires inputs such as labour, parts, natural, stuffs and services. The cost of inputs can hold a important consequence to company ‘s profitableness. Whether the strength of providers represent a weak or threading force thing on the sum or bargaining can exercise and finally on how can act upon the footings and conditions of dealing in their favour. Besides that ‘s, to cut downing the bargaining power of providers are cut down stock list costs by supplying merely in clip delivers, heighten the value of goods and services supplied usage of information about client demands and penchants and rush the acceptance of new engineerings.

Second forces is dickering power of purchasers that ‘s the power of purchasers describe the consequence that the clients have on the profitableness of the concern. The dealing between the marketer and the purchaser creates value for both parties. Buyers have more power when the industry has many little companies providing the merchandise and purchasers are few and big. After that the clients have entree to and are able to measure market information. To cut downing the bargaining power of purchasers are increasing their trueness to the concern through partnerships or trueness plans, selling straight to clients, or increasing the inherent or perceived value of a merchandise by adding characteristics or stria.

The following forces of the industry are menace of new entrants that ‘s means the new entrants is the possibility that new houses will come in the industry. New entrants bring a desire to derive market portion and frequently have important resources. Analyzing the menace of new entrants involves analyzing the barriers to entry and the expected reactions of bing houses to new rivals. These barriers protect the companies already in concern by being a hurdle to those seeking to come in the market. Entry barriers are alone for each industry and state of affairs, and a alteration over clip. The menace of new entrants is greatest when the procedures are non protected by ordinances or patents and rivals may be scared off when the acquisition curve is steep, rivals will be attracted to an industry where the production procedure is easy learned.

The menace of replacements is forces of industry. Be cognizant that replacement merchandises can come in many form and size, and do non ever come from traditional rivals. Merchandises from one concern can be replaced by merchandises from another. Substitute merchandises are those that can carry through a similar demand to the one merchandise fills. Substitutes are a greater menace when the merchandises does non offer any existent benefit compared to other merchandises. After that, it is easy for clients to exchange. Means that ‘s a grocer can easy exchange from paper to plastic bags for its clients, but bottler may hold to reconfigure its equipment and retains its workers if it switches from aluminium tins to fictile bottles. To cut downing the menace of replacements is utilizing tactics such as remaining closely in melody with client penchant and distinguishing the merchandise by branding.

The last forces are rivalry among rivals. Competition is the foundation of the free endeavor system yet with little concern even a small competition goes a long manner. Because company in an industry is reciprocally dependent, actions by one company normally invite competitory revenge. Rivalry among rivals is frequently the strongest of the five competitory forces, but can change widely among industries. If the competitory force is weak, companies may be able to raise monetary values, provide fewer merchandises for the monetary value, and gain more net incomes. The most intense competitions occur when one house or a little figure of houses have inducement to seek and go the market leader or when the market is turning easy or shriveling. To cut downing the menace of challengers is using a assortment of tactics. To minimise monetary value competition, separate the merchandises from the rivals by introducing or bettering characteristics.

WHAT IS KFC

KFC Corporation founded and besides known as Kentucky Fried Chicken is a concatenation of fast nutrient eating houses based in Louisville, Kentucky. KFC has been a trade name and operating section, called a “ construct ” , of Yum! Trade names since 1997 when that company was spun off from PepsiCo as Tricon Global Restaurants Inc. The company was founded as Kentucky Fried Chicken by Colonel Harland Sanders in 1952, through the thought of KFC ‘s fried poulet really goes back to 1930. The company adopted the brief signifier of its name in 1991. Get downing in April 2007, the company began utilizing its original name, Kentucky Fried Chicken, fir its signage, packaging and advertizement in the United State as portion of a new corporate rebranding plan, newer and remodeled eating houses will hold the new logo and name while older shops will go on to utilize the 1980s signage.

Since its origin, KFC has evolved through several different organisational alterations. These alterations were brought approximately due to the alterations of ownership that followed since Colonel Sanders foremost sold KFC in 1964. In 1964, KFC was sold a little group of discoverers that finally took it public. Heublein, Inc, purchased KFC in 1971 and was extremely involved in the twenty-four hours to twenty-four hours operations. R.J. Reynolds so acquired Heublein in 1982. R.J. took a more set back attack and allowed concern as usual at KFC. Finally, in 1986, KFC was acquired by PepsiCo, which was seeking to turn is speedy service eating house section. PepsiCo soon runs Taco Bell, Pizza Hut and KFC. The PepsiCo direction manner and corporate civilization was significantly different from that of KFC.

By the terminal of 1994, KFC was runing 4 258 eating houses in 68 foreign states. KFC is the largest poulet eating house and the 3rd largest speedy service concatenation in the universe. Due to market impregnation in the United States, international enlargement will be critical to increased profitableness and growing. The companies of KFC have more than 36 000 locations around the universe. The company is graded figure 239 on the Fortune 500 list, with grosss in surplus on $ 11 billion in 2008. Every twenty-four hours, more than 12 million clients are served at KFC eating houses in 109 states and districts around the universe. The companies of KFC more than 15 000 units around the universe.

SWOT ANALYSIS

SWOT analysis is a strategic planning method used to measure the strengths, failings, chances and menaces involved in a undertaking or in a concern venture. It involves stipulating the aim of the concern venture or undertaking and placing the internal and external factors that are favourable and unfavourable to accomplishing that aim. A SWOT analysis must first with specifying a coveted terminal province or aim. A SWOT analysis may be incorporated into the strategic planning theoretical account. Strategic Planning, including SWOT and SCAN analysis, has been the topic of much research.

After that, in SWOT analysis have the strengths, failings, chances and menaces. The strengths are properties of the individual or company that are helpful to accomplishing the aims. The failings are properties of the individual or company that are harmful to accomplishing the aims. After that, the chances means external conditions that are helpful to accomplishing the aims and the last is menaces means that external conditions which could make damage to the aims.

In the strength have the deficiency of secondary trading such as sukuk flexibleness of the Syariah, Syariah Supervision, advantages of spiritual preposition, less usage of money for bad intent, Godhead beginnings, Islamic evaluation bureaus, morale and committedness to function, immense sum of salvaging, advanced facet, location wise and geographically, transparence, justness and equity, harmonizing criterions, quality of service, legal and regulative model and information system.

After that, the failings have are deficiency of standardisation, change by reversal technology of conventional merchandise, there are differences in theory and pattern, deficiency of Islamic gedging mechanism, no fixed duties, unsolved fiqh issue, little per centum of net income loss sharing merchandise, deficiency of qualified forces, clip or season factors, disadvantages of proposition, divergency of Shariah sentiment and deficiency of Shariah compliant investing avenue.

The chances have the technological progresss, Islamic is a complete solution, the growing of socially responsible investment, religion based client, big possible in front in retail, corporate and investing banking, possible relating to sukuk, better client dealingss, functioning for all possible specific sectors, possible in fund direction and supply advanced merchandise.

The last is menaces have the planetary fiscal crisis, economic uncertainness in planetary market, market demand, deficit of resorts, deficiency of sustainable fiscal backup, intense competition from the conventional establishments, dearth of 100 % Syariah compliant solution, liquidness and pecuniary direction, a batch statute law is required, deficiency of consciousness and apprehension of Islamic fiscal merchandise and sophisticated conventional fiscal system.

Calculation

KFC

NAB

ALL ORDINARIES

A

Date

ADJ CLOSE

Tax return

ks-k bars

( ks-k bars ) 2

1

1/6/2003

3.5

A

A

A

2

1/13/2003

3.6

-0.012234456

-0.011218519

0.0001258552

3

1/20/2003

3.78

-0.021189299

-0.020173361

0.0004069645

4

1/27/2003

3.62

0.018783229

0.019799167

0.0003920070

5

2/5/2003

3.52

0.012165907

0.013181845

0.0001737610

6

2/10/2003

3.46

0.007466565

0.008482502

0.0000719528

7

2/17/2003

3.12

0.044921505

0.045937442

0.0021102486

8

2/24/2003

3.5

-0.04991345

-0.048897513

0.0023909667

9

3/3/2003

3.5

0

0.001015938

0.0000010321

10

3/10/2003

3.46

0.004991946

0.006007883

0.0000360947

11

3/17/2003

3.4

0.007597182

0.008613119

0.0000741858

12

3/24/2003

3.46

-0.007597182

-0.006581244

0.0000433128

13

3/31/2003

3.42

0.005049993

0.00606593

0.0000367955

14

4/7/2003

3.46

-0.005049993

-0.004034055

0.0000162736

15

4/14/2003

3.42

0.005049993

0.00606593

0.0000367955

16

4/21/2003

3.5

-0.010041938

-0.009026001

0.0000814687

17

4/28/2003

3.5

0

0.001015938

0.0000010321

18

5/5/2003

3.5

0

0.001015938

0.0000010321

19

5/12/2003

3.48

0.0024888

0.003504738

0.0000122832

20

5/19/2003

3.48

0

0.001015938

0.0000010321

21

5/26/2003

3.48

0

0.001015938

0.0000010321

22

6/2/2003

3.5

-0.0024888

-0.001472863

0.0000021693

23

6/9/2003

3.66

-0.019413041

-0.018397103

0.0003384534

24

6/16/2003

3.66

0

0.001015938

0.0000010321

25

6/23/2003

3.6

0.007178585

0.008194522

0.0000671502

26

6/30/2003

3.56

0.004852503

0.005868441

0.0000344386

27

7/7/2003

3.8

-0.028333599

-0.027317661

0.0007462546

28

7/14/2003

3.76

0.004595752

0.005611689

0.0000314911

29

7/21/2003

3.86

-0.01139946

-0.010383522

0.0001078175

30

7/28/2003

3.94

-0.008908917

-0.007892979

0.0000622991

31

8/4/2003

4

-0.00656377

-0.005547832

0.0000307784

32

8/11/2003

3.98

0.002176919

0.003192857

0.0000101943

33

8/18/2003

4.38

-0.041591038

-0.040575101

0.0016463388

34

8/25/2003

4.48

-0.009803903

-0.008787966

0.0000772283

35

9/1/2003

4.44

0.003895044

0.004910982

0.0000241177

36

9/8/2003

4.46

-0.001951889

-0.000935951

0.0000008760

37

9/15/2003

4.2

0.026085568

0.027101506

0.0007344916

38

9/22/2003

4.28

-0.008194479

-0.007178541

0.0000515314

39

9/29/2003

4.22

0.006131318

0.007147256

0.0000510833

40

10/6/2003

4.26

-0.004097148

-0.00308121

0.0000094939

41

10/13/2003

4.46

-0.01992526

-0.018909322

0.0003575625

42

10/20/2003

4.64

-0.017183122

-0.016167184

0.0002613778

43

10/27/2003

4.84

-0.018327381

-0.017311443

0.0002996861

44

11/3/2003

4.8

0.003604124

0.004620062

0.0000213450

45

11/10/2003

4.5

0.028028724

0.029044661

0.0008435924

46

11/17/2003

4.44

0.005829544

0.006845481

0.0000468606

47

11/24/2003

4.36

0.007896481

0.008912419

0.0000794312

48

12/1/2003

4.3

0.006018034

0.007033971

0.0000494768

49

12/8/2003

4.26

0.004058856

0.005074794

0.0000257535

50

12/15/2003

4.28

-0.00203417

-0.001018232

0.0000010368

51

12/22/2003

4.26

0.00203417

0.003050108

0.0000093032

52

12/29/2003

4.24

0.002043743

0.00305968

0.0000093616

53

1/5/2004

4.3

-0.006102599

-0.005086661

0.0000258741

54

1/12/2004

4.62

-0.03117352

-0.030157582

0.0009094798

55

1/19/2004

4.66

-0.003743941

-0.002728003

0.0000074420

56

1/26/2004

4.6

0.005628085

0.006644023

0.0000441430

57

2/4/2004

4.62

-0.001884144

-0.000868206

0.0000007538

58

2/9/2004

4.38

0.023167865

0.024183803

0.0005848563

59

2/16/2004

4.36

0.001987621

0.003003559

0.0000090214

60

2/24/2004

4.48

-0.011791525

-0.010775587

0.0001161133

61

3/1/2004

4.42

0.005855745

0.006871682

0.0000472200

62

3/8/2004

4.44

-0.001960701

-0.000944763

0.0000008926

63

3/15/2004

4.3

0.013914515

0.014930452

0.0002229184

64

3/22/2004

4.3

0

0.001015938

0.0000010321

65

3/29/2004

4.3

0

0.001015938

0.0000010321

66

4/5/2004

4.5

-0.019744058

-0.01872812

0.0003507425

67

4/12/2004

4.68

-0.017033339

-0.016017402

0.0002565572

68

4/19/2004

4.6

0.007488021

0.008503959

0.0000723173

69

4/26/2004

3.78

0.085266032

0.08628197

0.0074445783

70

5/3/2004

3.74

0.004620198

0.005636135

0.0000317660

71

5/10/2004

3.72

0.002328662

0.0033446

0.0000111863

72

5/17/2004

3.56

0.019092942

0.02010888

0.0004043670

73

5/24/2004

3.74

-0.021421604

-0.020405667

0.0004163912

74

5/31/2004

3.7

0.004669878

0.005685816

0.0000323285

75

6/7/2004

3.68

0.002353905

0.003369843

0.0000113558

76

6/14/2004

3.58

0.011964792

0.01298073

0.0001684993

77

6/21/2004

3.44

0.017324584

0.018340522

0.0003363747

78

6/28/2004

3.24

0.026013432

0.02702937

0.0007305868

79

7/5/2004

3.18

0.00811789

0.009133828

0.0000834268

80

7/12/2004

3.32

-0.018710964

-0.017695026

0.0003131139

81

7/19/2004

3.3

0.002624144

0.003640082

0.0000132502

82

7/26/2004

3.2

0.013363962

0.014379899

0.0002067815

83

8/2/2004

3.22

-0.002705893

-0.001689956

0.0000028560

84

8/9/2004

3.2

0.002705893

0.003721831

0.0000138520

85

8/16/2004

3.12

0.010995384

0.012011322

0.0001442719

86

8/23/2004

3

0.017033339

0.018049277

0.0003257764

87

8/30/2004

3.14

-0.019808393

-0.018792456

0.0003531564

88

9/6/2004

3.14

0

0.001015938

0.0000010321

89

9/13/2004

3.16

-0.002757435

-0.001741497

0.0000030328

90

9/20/2004

3.34

-0.024059384

-0.023043446

0.0005310004

91

9/27/2004

3.3

0.005232527

0.006248465

0.0000390433

92

10/4/2004

3.34

-0.005232527

-0.004216589

0.0000177796

93

10/11/2004

3.42

-0.010279639

-0.009263702

0.0000858162

94

10/18/2004

3.36

0.007686829

0.008702766

0.0000757381

95

10/25/2004

3.4

-0.00513964

-0.004123702

0.0000170049

96

11/1/2004

3.48

-0.010100327

-0.009084389

0.0000825261

97

11/8/2004

3.48

0

0.001015938

0.0000010321

98

11/15/2004

3.54

-0.007424018

-0.00640808

0.0000410635

99

11/22/2004

3.5

0.004935218

0.005951155

0.0000354163

100

12/6/2004

3.5

0

0.001015938

0.0000010321

101

12/13/2004

3.44

0.007509602

0.008525539

0.0000726848

102

12/20/2004

3.5

-0.007509602

-0.006493664

0.0000421677

103

12/27/2004

3.52

-0.002474619

-0.001458681

0.0000021278

104

1/3/2005

3.58

-0.007340363

-0.006324425

0.0000399984

105

1/10/2005

3.8

-0.02590057

-0.024884632

0.0006192449

106

1/17/2005

3.9

-0.01128101

-0.010265073

0.0001053717

107

1/24/2005

3.8

0.01128101

0.012296948

0.0001512149

108

1/31/2005

3.82

-0.002279766

-0.001263829

0.0000015973

109

2/7/2005

3.8

0.002279766

0.003295704

0.0000108617

110

2/14/2005

3.8

0

0.001015938

0.0000010321

111

2/21/2005

3.84

-0.004547628

-0.00353169

0.0000124728

112

2/28/2005

3.88

-0.004500501

-0.003484564

0.0000121422

113

3/7/2005

3.86

0.002244421

0.003260359

0.0000106299

114

3/14/2005

3.82

0.004523942

0.005539879

0.0000306903

115

3/21/2005

3.8

0.002279766

0.003295704

0.0000108617

116

3/28/2005

3.8

0

0.001015938

0.0000010321

117

4/4/2005

3.74

0.006911994

0.007927932

0.0000628521

118

4/11/2005

3.7

0.004669878

0.005685816

0.0000323285

119

4/18/2005

3.74

-0.004669878

-0.00365394

0.0000133513

120

4/25/2005

3.76

-0.002316243

-0.001300305

0.0000016908

121

5/3/2005

3.68

0.009340026

0.010355964

0.0001072460

122

5/9/2005

3.7

-0.002353905

-0.001337968

0.0000017902

123

5/16/2005

3.68

0.002353905

0.003369843

0.0000113558

124

5/24/2005

3.58

0.011964792

0.01298073

0.0001684993

125

5/30/2005

3.52

0.007340363

0.008356301

0.0000698278

126

6/6/2005

3.32

0.02540458

0.026420517

0.0006980437

127

6/13/2005

3.22

0.013282212

0.01429815

0.0002044371

128

6/20/2005

3.32

-0.013282212

-0.012266274

0.0001504615

129

6/27/2005

3.28

0.00526424

0.006280178

0.0000394406

130

7/4/2005

3.46

-0.023202255

-0.022186317

0.0004922327

131

7/11/2005

3.3

0.020562159

0.021578097

0.0004656143

132

7/18/2005

3.32

-0.002624144

-0.001608206

0.0000025863

133

7/25/2005

3.3

0.002624144

0.003640082

0.0000132502

134

8/1/2005

3.3

0

0.001015938

0.0000010321

135

8/8/2005

3.62

-0.040194631

-0.039178693

0.0015349700

136

8/15/2005

3.6

0.00240607

0.003422007

0.0000117101

137

8/22/2005

3.6

0

0.001015938

0.0000010321

138

8/29/2005

3.5

0.012234456

0.013250394

0.0001755729

139

9/5/2005

3.5

0

0.001015938

0.0000010321

140

9/12/2005

3.46

0.004991946

0.006007883

0.0000360947

141

9/19/2005

3.64

-0.022025285

-0.021009347

0.0004413927

142

9/26/2005

3.6

0.004798883

0.005814821

0.0000338121

143

10/3/2005

3.62

-0.00240607

-0.001390132

0.0000019325

144

10/10/2005

3.72

-0.011834369

-0.010818432

0.0001170385

145

10/17/2005

3.72

0

0.001015938

0.0000010321

146

10/24/2005

3.68

0.004695121

0.005711059

0.0000326162

147

10/31/2005

3.72

-0.004695121

-0.003679183

0.0000135364

148

11/7/2005

3.7

0.002341216

0.003357154

0.0000112705

149

11/14/2005

3.74

-0.004669878

-0.00365394

0.0000133513

150

11/21/2005

3.74

0

0.001015938

0.0000010321

151

11/28/2005

3.72

0.002328662

0.0033446

0.0000111863

152

12/5/2005

3.76

-0.004644905

-0.003628967

0.0000131694

153

12/12/2005

3.72

0.004644905

0.005660843

0.0000320451

154

12/19/2005

3.74

-0.002328662

-0.001312725

0.0000017232

155

12/26/2005

3.82

-0.009191761

-0.008175823

0.0000668441

156

1/3/2006

4.1

-0.030720494

-0.029704556

0.0008823607

157

1/9/2006

4.12

-0.002113359

-0.001097422

0.0000012043

158

1/16/2006

4.02

0.010671163

0.011687101

0.0001365883

159

1/23/2006

3.94

0.008729831

0.009745769

0.0000949800

160

2/6/2006

4.16

-0.023597109

-0.022581171

0.0005099093

161

2/13/2006

4.14

0.00209299

0.003108927

0.0000096654

162

2/20/2006

4.04

0.010618976

0.011634914

0.0001353712

163

2/27/2006

3.98

0.006498293

0.007514231

0.0000564637

164

3/6/2006

4.04

-0.006498293

-0.005482355

0.0000300562

165

3/13/2006

3.88

0.01754964

0.018565577

0.0003446807

166

3/20/2006

3.8

0.009048129

0.010064067

0.0001012854

167

3/27/2006

3.82

-0.002279766

-0.001263829

0.0000015973

168

4/3/2006

3.78

0.004571563

0.005587501

0.0000312202

169

4/10/2006

3.8

-0.002291797

-0.001275859

0.0000016278

170

4/17/2006

4.32

-0.05570015

-0.054684212

0.0029903631

171

4/24/2006

4.22

0.010171296

0.011187234

0.0001251542

172

5/2/2006

4.1

0.012528594

0.013544532

0.0001834543

173

5/8/2006

4.22

-0.012528594

-0.011512657

0.0001325413

174

5/15/2006

4.72

-0.048629548

-0.04761361

0.0022670559

175

5/22/2006

4.64

0.007424018

0.008439956

0.0000712329

176

5/29/2006

4.68

-0.003727873

-0.002711935

0.0000073546

177

6/5/2006

4.68

0

0.001015938

0.0000010321

178

6/12/2006

4.68

0

0.001015938

0.0000010321

179

6/19/2006

4.64

0.003727873

0.00474381

0.0000225037

180

6/26/2006

4.7

-0.005579877

-0.00456394

0.0000208295

181

7/3/2006

4.66

0.003711941

0.004727879

0.0000223528

182

7/10/2006

4.82

-0.014661122

-0.013645184

0.0001861910

183

7/17/2006

4.7

0.01094918

0.011965118

0.0001431640

184

7/24/2006

4.62

0.007455882

0.00847182

0.0000717717

185

7/31/2006

4.72

-0.009300023

-0.008284085

0.0000686261

186

8/7/2006

4.88

-0.014477823

-0.013461886

0.0001812224

187

8/14/2006

4.84

0.00357446

0.004590398

0.0000210718

188

8/21/2006

4.9

-0.005350718

-0.004334781

0.0000187903

189

8/28/2006

4.82

0.007149042

0.00816498

0.0000666669

190

9/4/2006

4.84

-0.001798323

-0.000782386

0.0000006121

191

9/11/2006

4.9

-0.005350718

-0.004334781

0.0000187903

192

9/18/2006

4.96

-0.005285596

-0.004269659

0.0000182300

193

9/25/2006

4.94

0.001754728

0.002770665

0.0000076766

194

10/2/2006

4.94

0

0.001015938

0.0000010321

195

10/9/2006

4.96

-0.001754728

-0.00073879

0.0000005458

196

10/16/2006

5.1

-0.0120885

-0.011072562

0.0001226016

197

10/26/2006

4.94

0.013843227

0.014859165

0.0002207948

198

10/30/2006

4.94

0

0.001015938

0.0000010321

199

11/6/2006

4.96

-0.001754728

-0.00073879

0.0000005458

200

11/13/2006

5

-0.003488328

-0.00247239

0.0000061127

201

11/20/2006

4.98

0.001740662

0.002756599

0.0000075988

202

11/27/2006

5

-0.001740662

-0.000724724

0.0000005252

203

12/4/2006

5.15

-0.012837225

-0.011821287

0.0001397428

204

12/11/2006

5.25

-0.008352074

-0.007336137

0.0000538189

205

12/18/2006

5.2

0.00415596

0.005171897

0.0000267485

206

12/26/2006

5.15

0.004196115

0.005212052

0.0000271655

207

1/3/2007

5.4

-0.020586531

-0.019570593

0.0003830081

208

1/8/2007

5.65

-0.019654688

-0.01863875

0.0003474030

209

1/15/2007

5.8

-0.011379546

-0.010363608

0.0001074044

210

1/22/2007

5.85

-0.003727873

-0.002711935

0.0000073546

211

1/29/2007

6.25

-0.028724151

-0.027708214

0.0007677451

212

2/5/2007

6.2

0.003488328

0.004504266

0.0000202884

213

2/12/2007

5.95

0.017874724

0.018890661

0.0003568571

214

2/21/2007

6.05

-0.007238409

-0.006222471

0.0000387191

215

2/26/2007

6

0.003604124

0.004620062

0.0000213450

216

3/5/2007

5.4

0.045757491

0.046773428

0.0021877536

217

3/12/2007

5.9

-0.038458252

-0.037442314

0.0014019269

218

3/19/2007

5.7

0.014977156

0.015993094

0.0002557790

219

3/26/2007

5.6

0.007686829

0.008702766

0.0000757381

220

4/2/2007

5.7

-0.007686829

-0.006670891

0.0000445008

221

4/9/2007

5.7

0

0.001015938

0.0000010321

222

4/16/2007

5.8

-0.007553138

-0.0065372

0.0000427350

223

4/23/2007

6.4

-0.04275198

-0.041736043

0.0017418973

224

4/30/2007

6.4

0

0.001015938

0.0000010321

225

5/7/2007

6.6

-0.013363962

-0.012348024

0.0001524737

226

5/14/2007

6.5

0.006630579

0.007646517

0.0000584692

227

5/21/2007

6.55

-0.003327943

-0.002312006

0.0000053454

228

5/28/2007

6.7

-0.009833503

-0.008817565

0.0000777495

229

6/4/2007

7.4

-0.043156917

-0.042140979

0.0017758621

230

6/11/2007

6.7

0.043156917

0.044172855

0.0019512411

231

6/18/2007

6.6

0.006530867

0.007546805

0.0000569543

232

6/25/2007

6.65

-0.00327771

-0.002261772

0.0000051156

233

7/2/2007

6.65

0

0.001015938

0.0000010321

234

7/9/2007

6.95

-0.019163159

-0.018147222

0.0003293217

235

7/16/2007

7

-0.003113235

-0.002097298

0.0000043987

236

7/23/2007

6.75

0.015794267

0.016810205

0.0002825830

237

7/30/2007

6.3

0.029963223

0.030979161

0.0009597084

238

8/6/2007

6.05

0.017585175

0.018601113

0.0003460014

239

8/13/2007

6.05

0

0.001015938

0.0000010321

240

8/20/2007

6.45

-0.02780434

-0.026788402

0.0007176185

241

8/27/2007

6.55

-0.006681585

-0.005665648

0.0000320996

242

9/3/2007

6.6

-0.003302636

-0.002286698

0.0000052290

243

9/10/2007

6.45

0.009984221

0.011000159

0.0001210035

244

9/17/2007

6.35

0.006785989

0.007801927

0.0000608701

245

9/24/2007

6.45

-0.006785989

-0.005770052

0.0000332935

246

10/1/2007

6.5

-0.003353642

-0.002337704

0.0000054649

247

10/8/2007

6.6

-0.006630579

-0.005614641

0.0000315242

248

10/16/2007

6.45

0.009984221

0.011000159

0.0001210035

249

10/22/2007

6.7

-0.016515088

-0.01549915

0.0002402237

250

10/29/2007

7.05

-0.022114314

-0.021098377

0.0004451415

251

11/5/2007

7.05

0

0.001015938

0.0000010321

252

11/12/2007

7.1

-0.003069232

-0.002053294

0.0000042160

253

11/19/2007

7.45

-0.020897924

-0.019881986

0.0003952934

254

11/26/2007

7.4

0.002924553

0.003940491

0.0000155275

255

12/3/2007

7.05

0.021042603

0.02205854

0.0004865792

256

12/10/2007

6.9

0.009340026

0.010355964

0.0001072460

257

12/17/2007

6.15

0.049973975

0.050989913

0.0025999712

258

12/24/2007

6.65

-0.03394653

-0.032930592

0.0010844239

259

12/31/2007

6.4

0.016641671

0.017657609

0.0003117912

Average Tax return

-0.001015938

Entire Return

0.063106907

Stdev

0.015670104

Discrepancy

0.0002446

Stdev

0.015639706

KLCI

Date

ADJ CLOSE

Tax return

km-k yeast

( km-k yeast ) 2

( ks-k bars ) ( kM-k yeast )

1/6/2003

633.58

A

A

A

A

1/13/2003

637.39

-0.002603786

-0.001214034

0.0000014739

0.0000136197

1/20/2003

670.16

-0.021773257

-0.020383505

0.0004154873

0.0004112038

1/27/2003

667.36

0.00181833

0.003208082

0.0000102918

0.0000635173

2/5/2003

664.75

0.001701826

0.003091578

0.0000095579

0.0000407527

2/10/2003

661.32

0.002246689

0.003636441

0.0000132237

0.0000308461

2/17/2003

657.76

0.002344198

0.00373395

0.0000139424

0.0001715281

2/24/2003

654.58

0.002104728

0.00349448

0.0000122114

-0.0001708714

3/3/2003

647.04

0.005031602

0.006421354

0.0000412338

0.0000065237

3/10/2003

635.6

0.007747241

0.009136993

0.0000834846

0.0000548940

3/17/2003

628.37

0.004968446

0.006358198

0.0000404267

0.0000547639

3/24/2003

632.79

-0.003044165

-0.001654413

0.0000027371

0.0000108881

3/31/2003

634.55

-0.001206241

0.000183511

0.0000000337

0.0000011132

4/7/2003

630.91

0.002498437

0.003888189

0.0000151180

-0.0000156852

4/14/2003

627.74

0.002187608

0.00357736

0.0000127975

0.0000217000

4/21/2003

634.89

-0.004918684

-0.003528932

0.0000124534

0.0000318521

4/28/2003

627.32

0.005209353

0.006599105

0.0000435482

0.0000067043

5/5/2003

627.62

-0.000207641

0.001182111

0.0000013974

0.0000012010

5/12/2003

631.12

-0.002415169

-0.001025417

0.0000010515

-0.0000035938

5/19/2003

636.09

-0.003406625

-0.002016873

0.0000040678

-0.0000020490

5/26/2003

653

-0.011394613

-0.010004861

0.0001000972

-0.0000101643

6/2/2003

672.92

-0.013050255

-0.011660503

0.0001359673

0.0000171743

6/9/2003

682.18

-0.005935546

-0.004545794

0.0000206642

0.0000836295

6/16/2003

688.08

-0.003739952

-0.0023502

0.0000055234

-0.0000023877

6/23/2003

683.47

0.002919478

0.00430923

0.0000185695

0.0000353121

6/30/2003

691.97

-0.00536781

-0.003978058

0.0000158249

-0.0000233450

7/7/2003

726.1

-0.020909171

-0.019519419

0.0003810077

0.0005332249

7/14/2003

724.48

0.000970036

0.002359788

0.0000055686

0.0000132424

7/21/2003

718.44

0.003635897

0.005025649

0.0000252571

-0.0000521839

7/28/2003

711.42

0.004264434

0.005654186

0.0000319698

-0.0000446284

8/4/2003

723.35

-0.007222416

-0.005832664

0.0000340200

0.0000323586

8/11/2003

722.19

0.000697015

0.002086767

0.0000043546

0.0000066627

8/18/2003

729.26

-0.004230923

-0.002841171

0.0000080723

0.0001152808

8/25/2003

744.21

-0.008813108

-0.007423356

0.0000551062

0.0000652362

9/2/2003

743.17

0.000607331

0.001997083

0.0000039883

0.0000098076

9/8/2003

756.85

-0.007921645

-0.006531893

0.0000426656

0.0000061135

9/15/2003

741.52

0.008886946

0.010276698

0.0001056105

0.0002785140

9/22/2003

745.18

-0.002138321

-0.000748569

0.0000005604

0.0000053736

9/29/2003

742.97

0.001289912

0.002679664

0.0000071806

0.0000191522

10/6/2003

740.58

0.001399299

0.002789051

0.0000077788

-0.0000085937

10/13/2003

794.4

-0.030467256

-0.029077504

0.0008455012

0.0005498359

10/20/2003

782.09

0.006782503

0.008172255

0.0000667857

-0.0001321223

10/27/2003

802.54

-0.011209955

-0.009820203

0.0000964364

0.0001700019

11/3/2003

817.92

-0.00824414

-0.006854388

0.0000469826

-0.0000316677

11/10/2003

805.92

0.006418894

0.007808646

0.0000609750

0.0002267995

11/17/2003

791.3

0.007950768

0.00934052

0.0000872453

0.0000639404

11/27/2003

785.52

0.003183919

0.004573671

0.0000209185

0.0000407625

12/1/2003

779.24

0.003486009

0.004875761

0.0000237730

0.0000342960

12/8/2003

787.05

-0.004331086

-0.002941334

0.0000086514

-0.0000149267

12/15/2003

792.9

-0.003216095

-0.001826343

0.0000033355

0.0000018596

12/22/2003

769.7

0.012896931

0.014286683

0.0002041093

0.0000435759

12/29/2003

780.19

-0.005878893

-0.004489141

0.0000201524

-0.0000137353

1/5/2004

788.58

-0.004645379

-0.003255627

0.0000105991

0.0000165603

1/12/2004

825.46

-0.019850275

-0.018460523

0.0003407909

0.0005567247

1/19/2004

818.07

0.003905566

0.005295318

0.0000280404

-0.0000144456

1/26/2004

825.04

-0.003684538

-0.002294786

0.0000052660

-0.0000152466

2/4/2004

818.16

0.003636762

0.005026514

0.0000252658

-0.0000043641

2/9/2004

815.5

0.001414278

0.00280403

0.0000078626

0.0000678121

2/16/2004

826.13

-0.005624428

-0.004234676

0.0000179325

-0.0000127191

2/24/2004

864

-0.019465349

-0.018075597

0.0003267272

0.0001947752

3/1/2004

878.17

-0.007064854

-0.005675102

0.0000322068

-0.0000389975

3/8/2004

885.65

-0.00368353

-0.002293778

0.0000052614

0.0000021671

3/15/2004

884.51

0.00055938

0.001949132

0.0000037991

0.0000291014

3/22/2004

916.75

-0.015548171

-0.014158419

0.0002004608

-0.0000143841

3/29/2004

896.38

0.009758761

0.011148513

0.0001242893

0.0000113262

4/5/2004

887.94

0.004108537

0.005498289

0.0000302312

-0.0001029726

4/12/2004

883.15

0.002349147

0.003738899

0.0000139794

-0.0000598875

4/19/2004

861.92

0.010567515

0.011957267

0.0001429762

0.0001016841

4/26/2004

875.81

-0.006942941

-0.005553189

0.0000308379

-0.0004791401

5/5/2004

840.42

0.017913521

0.019303273

0.0003726163

0.0001087959

5/10/2004

834.06

0.003299085

0.004688837

0.0000219852

0.0000156823

5/17/2004

794

0.021376791

0.022766543

0.0005183155

0.0004578097

5/24/2004

793.3

0.000383048

0.0017728

0.0000031428

-0.0000361752

5/31/2004

808.89

-0.008452012

-0.00706226

0.0000498755

-0.0000401547

6/7/2004

804.34

0.0024498

0.003839552

0.0000147422

0.0000129387

6/14/2004

823.5

-0.010223937

-0.008834185

0.0000780428

-0.0001146742

6/21/2004

822.4

0.000580502

0.001970254

0.0000038819

0.0000361355

6/28/2004

823.12

-0.000380053

0.001009699

0.0000010195

0.0000272915

7/5/2004

831.64

-0.004472216

-0.003082464

0.0000095016

-0.0000281547

7/12/2004

853.89

-0.011466558

-0.010076806

0.0001015420

0.0001783093

7/19/2004

842.81

0.005672248

0.007062

0.0000498718

0.0000257063

7/26/2004

838.19

0.002387205

0.003776957

0.0000142654

0.0000543123

8/2/2004

832.69

0.002859126

0.004248878

0.0000180530

-0.0000071804

8/9/2004

818.84

0.0072843

0.008674051

0.0000752392

0.0000322834

8/16/2004

816.68

0.00114713

0.002536881

0.0000064358

0.0000304713

8/23/2004

808.92

0.004146347

0.005536099

0.0000306484

0.0000999226

8/30/2004

820.56

-0.006204769

-0.004815017

0.0000231844

0.0000904860

9/6/2004

842.87

-0.011650254

-0.010260502

0.0001052779

-0.0000104240

9/13/2004

849.72

-0.003515244

-0.002125492

0.0000045177

0.0000037015

9/20/2004

860

-0.005222611

-0.003832859

0.0000146908

0.0000883223

9/27/2004

854.08

0.002999899

0.004389651

0.0000192690

0.0000274286

10/4/2004

855.74

-0.000843281

0.000546471

0.0000002986

-0.0000023042

10/11/2004

860.87

-0.002595741

-0.001205989

0.0000014544

0.0000111719

10/18/2004

851.65

0.004676423

0.006066175

0.0000367985

0.0000527925

10/25/2004

853.71

-0.001049218

0.000340534

0.0000001160

-0.0000014043

11/1/2004

860.09

-0.00323353

-0.001843778

0.0000033995

0.0000167496

11/8/2004

871.61

-0.005778306

-0.004388554

0.0000192594

-0.0000044585

11/22/2004

897.11

-0.012523493

-0.011133742

0.0001239602

0.0000713459

11/29/2004

909.37

-0.005894925

-0.004505173

0.0000202966

-0.0000268110

12/6/2004

917.43

-0.003832315

-0.002442563

0.0000059661

-0.0000024815

12/13/2004

894.67

0.010910063

0.012299815

0.0001512854

0.0001048626

12/20/2004

902.22

-0.003649575

-0.002259823

0.0000051068

0.0000146745

12/27/2004

906.2

-0.001911608

-0.000521856

0.0000002723

0.0000007612

1/3/2005

907.02

-0.000392806

0.000996946

0.0000009939

-0.0000063051

1/10/2005

917.42

-0.00495134

-0.003561588

0.0000126849

0.0000886288

1/17/2005

929.42

-0.00564381

-0.004254058

0.0000180970

0.0000436682

1/24/2005

926.65

0.001296284

0.002686036

0.0000072148

0.0000330300

1/31/2005

915.41

0.005300078

0.00668983

0.0000447538

-0.0000084548

2/7/2005

908.83

0.003132998

0.00452275

0.0000204553

0.0000149056

2/14/2005

915.23

-0.003047593

-0.001657841

0.0000027484

-0.0000016843

2/21/2005

908.79

0.003066708

0.00445646

0.0000198600

-0.0000157388

2/28/2005

905.06

0.001786168

0.00317592

0.0000100865

-0.0000110667

3/7/2005

887.24

0.008636258

0.01002601

0.0001005209

0.0000326884

3/14/2005

901.07

-0.006717417

-0.005327666

0.0000283840

-0.0000295146

3/21/2005

893.96

0.003440444

0.004830196

0.0000233308

0.0000159189

3/28/2005

883.4

0.005160692

0.006550444

0.0000429083

0.0000066548

4/4/2005

874.34

0.004477048

0.0058668

0.0000344193

0.0000465116

4/11/2005

864.39

0.004970613

0.006360365

0.0000404542

0.0000361639

4/18/2005

871.85

-0.003732038

-0.002342286

0.0000054863

0.0000085586

4/25/2005

877.29

-0.002701407

-0.001311655

0.0000017204

0.0000017056

5/3/2005

878.79

-0.000741927

0.000647825

0.0000004197

0.0000067088

5/9/2005

901.39

-0.011027629

-0.009637877

0.0000928887

0.0000128952

5/16/2005

890.89

0.005088652

0.006478404

0.0000419697

0.0000218312

5/24/2005

884.08

0.003332518

0.00472227

0.0000222998

0.0000612985

5/30/2005

869

0.007471789

0.008861541

0.0000785269

0.0000740497

6/6/2005

865.97

0.00151693

0.002906682

0.0000084488

0.0000767960

6/13/2005

890.88

-0.012316362

-0.01092661

0.0001193908

-0.0001562303

6/20/2005

897.17

-0.003055534

-0.001665782

0.0000027748

0.0000204329

6/27/2005

898.18

-0.000488637

0.000901115

0.0000008120

0.0000056592

7/4/2005

893.8

0.00212303

0.003512782

0.0000123396

-0.0000779357

7/11/2005

904.49

-0.005163419

-0.003773667

0.0000142406

-0.0000814286

7/18/2005

917.43

-0.006169168

-0.004779416

0.0000228428

0.0000076863

7/25/2005

939.18

-0.010175898

-0.008786146

0.0000771964

-0.0000319823

8/1/2005

938.3

0.000407119

0.001796871

0.0000032287

0.0000018255

8/8/2005

943.05

-0.002193003

-0.000803251

0.0000006452

0.0000314703

8/15/2005

937.32

0.002646836

0.004036588

0.0000162940

0.0000138132

8/22/2005

925.29

0.005610015

0.006999767

0.0000489967

0.0000071113

8/29/2005

916.02

0.004372913

0.005762665

0.0000332083

0.0000763576

9/5/2005

908.84

0.003417523

0.004807275

0.0000231099

0.0000048839

9/12/2005

917.1

-0.00392926

-0.002539508

0.0000064491

-0.0000152571

9/19/2005

920.85

-0.001772199

-0.000382447

0.0000001463

0.0000080350

9/26/2005

921.76

-0.000428965

0.000960787

0.0000009231

0.0000055868

10/3/2005

926.84

-0.002386911

-0.000997159

0.0000009943

0.0000013862

10/10/2005

925.56

0.000600191

0.001989943

0.0000039599

-0.0000215281

10/17/2005

926.48

-0.000431471

0.000958281

0.0000009183

0.0000009736

10/24/2005

909.68

0.007947402

0.009337154

0.0000871824

0.0000533250

10/31/2005

905.38

0.00205775

0.003447502

0.0000118853

-0.0000126840

11/7/2005

914.7

-0.004447782

-0.00305803

0.0000093516

-0.0000102663

11/14/2005

897.92

0.008041034

0.009430786

0.0000889397

-0.0000344595

11/21/2005

901.6

-0.001776258

-0.000386506

0.0000001494

-0.0000003927

11/28/2005

904.18

-0.001240993

0.000148759

0.0000000221

0.0000004975

12/5/2005

884.72

0.009449051

0.010838803

0.0001174797

-0.0000393337

12/12/2005

898.41

-0.006668732

-0.00527898

0.0000278676

-0.0000298835

12/19/2005

893.6

0.002331417

0.003721169

0.0000138471

-0.0000048849

12/27/2005

892.46

0.0005544

0.001944152

0.0000037797

-0.0000158950

1/3/2006

899.18

-0.003257878

-0.001868126

0.0000034899

0.0000554919

1/9/2006

913.65

-0.00693322

-0.005543468

0.0000307300

0.0000060835

1/16/2006

911.81

0.000875508

0.00226526

0.0000051314

0.0000264743

1/23/2006

903.4

0.004024265

0.005414017

0.0000293116

0.0000527638

2/6/2006

928.38

-0.01184569

-0.010455938

0.0001093266

0.0002361073

2/13/2006

923.24

0.002411164

0.003800916

0.0000144470

0.0000118168

2/20/2006

927.95

-0.002209964

-0.000820212

0.0000006727

-0.0000095431

2/27/2006

924.92

0.001420406

0.002810158

0.0000078970

0.0000211162

3/6/2006

916.74

0.003857989

0.005247741

0.0000275388

-0.0000287700

3/13/2006

923.12

-0.003011979

-0.001622227

0.0000026316

-0.0000301176

3/20/2006

922.53

0.000277662

0.001667414

0.0000027803

0.0000167810

3/27/2006

926.49

-0.001860238

-0.000470486

0.0000002214

0.0000005946

4/3/2006

926.63

-6.56204E-05

0.001324132

0.0000017533

0.0000073986

4/10/2006

944

-0.008065638

-0.006675886

0.0000445675

0.0000085175

4/17/2006

939.77

0.001950417

0.003340169

0.0000111567

-0.0001826545

4/24/2006

948.34

-0.003942492

-0.00255274

0.0000065165

-0.0000285581

5/2/2006

947.8

0.000247365

0.001637117

0.0000026802

0.0000221740

5/8/2006

962.45

-0.006661472

-0.005271721

0.0000277910

0.0000606915

5/15/2006

963.13

-0.000306734

0.001083018

0.0000011729

-0.0000515664

5/22/2006

944.25

0.008597917

0.009987669

0.0000997535

0.0000842955

5/29/2006

931.11

0.006086003

0.007475755

0.0000558869

-0.0000202738

6/5/2006

931.2

-4.19764E-05

0.001347776

0.0000018165

0.0000013693

6/12/2006

916.01

0.007142752

0.008532504

0.0000728036

0.0000086685

6/19/2006

895.14

0.010009251

0.011399002

0.0001299373

0.0000540747

6/26/2006

906.65

-0.005548702

-0.00415895

0.0000172969

0.0000189812

7/3/2006

914.61

-0.00379628

-0.002406528

0.0000057914

-0.0000113778

7/10/2006

926.37

-0.005548537

-0.004158785

0.0000172955

0.0000567474

7/17/2006

912.02

0.00678012

0.008169872

0.0000667468

0.0000977535

7/24/2006

924.44

-0.005874367

-0.004484615

0.0000201118

-0.0000379928

7/31/2006

935.31

-0.005076849

-0.003687097

0.0000135947

0.0000305442

8/7/2006

939.03

-0.00172389

-0.000334138

0.0000001116

0.0000044981

8/14/2006

942.88

-0.001776956

-0.000387205

0.0000001499

-0.0000017774

8/21/2006

941.49

0.000640712

0.002030464

0.0000041228

-0.0000088016

8/28/2006

950.61

-0.004186667

-0.002796915

0.0000078227

-0.0000228368

9/4/2006

960.82

-0.004639656

-0.003249904

0.0000105619

0.0000025427

9/11/2006

956.53

0.001943439

0.003333191

0.0000111102

-0.0000144487

9/18/2006

958.58

-0.000929768

0.000459984

0.0000002116

-0.0000019640

9/25/2006

964.07

-0.002480205

-0.001090453

0.0000011891

-0.0000030213

10/2/2006

967.17

-0.001394248

-4.49634E-06

0.0000000000

-0.0000000046

10/9/2006

971.48

-0.001931047

-0.000541295

0.0000002930

0.0000003999

10/16/2006

983.22

-0.00521684

-0.003827088

0.0000146466

0.0000423757

10/26/2006

979

0.001868012

0.003257764

0.0000106130

0.0000484077

10/30/2006

986.47

-0.00330119

-0.001911438

0.0000036536

-0.0000019419

11/6/2006

998.25

-0.005155437

-0.003765685

0.0000141804

0.0000027820

11/13/2006

1020.68

-0.009650286

-0.008260534

0.0000682364

0.0000204233

11/20/2006

1040.75

-0.008456815

-0.007067063

0.0000499434

-0.0000194811

11/27/2006

1060.67

-0.008233866

-0.006844114

0.0000468419

0.0000049601

12/4/2006

1079.77

-0.007750972

-0.00636122

0.0000404651

0.0000751978

12/11/2006

1103.89

-0.009594542

-0.00820479

0.0000673186

0.0000601915

12/18/2006

1090.01

0.005495317

0.006885069

0.0000474042

0.0000356089

12/26/2006

1079.3

0.004288305

0.005678057

0.0000322403

0.00