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Wiki Wiki Summary
Trustmark (bank) Trustmark is a commercial bank and financial services company headquartered in Jackson, Mississippi, United States, with subsidiaries Trustmark National Bank, Trustmark Investment Advisors, and Fisher Brown Bottrell Insurance. The bank's initial predecessor, The Jackson Bank, was chartered by the State of Mississippi in 1889.
Adverse childhood experiences Adverse childhood experiences (ACEs) encompass various forms of physical and emotional abuse, neglect, and household dysfunction experienced in childhood. ACEs have been linked to premature death as well as to various health conditions, including those of mental disorders.
German cuisine The cuisine of Germany (German: Deutsche Küche) is made up of many different local or regional cuisines, reflecting the country's federal history. Germany itself is part of a larger cultural region, Central Europe, sharing many traditions with neighbouring countries such as Poland and the Czech Republic.
Employment Employment is a relationship between two parties regulating the provision of paid labour services. Usually based on a contract, one party, the employer, which might be a corporation, a not-for-profit organization, a co-operative, or any other entity, pays the other, the employee, in return for carrying out assigned work.
Population of Canada Canada ranks 37th by population, comprising about 0.5% of the world's total, with over 38 million Canadians as of 2021. Being, however, the fourth-largest country by land area (second-largest by total area), the vast majority of the country is sparsely inhabited, with most of its population south of the 55th parallel north and just over 60 percent of Canadians live in just two provinces: Ontario and Quebec.
Monotone preferences In economics, an agent's preferences are said to be weakly monotonic if, given a consumption bundle \n \n \n \n x\n \n \n {\displaystyle x}\n , the agent prefers all consumption bundles \n \n \n \n y\n \n \n {\displaystyle y}\n that have more of all goods. That is, \n \n \n \n y\n ≫\n x\n \n \n {\displaystyle y\gg x}\n implies \n \n \n \n y\n ≻\n x\n \n \n {\displaystyle y\succ x}\n .
Depend on You "Depend on You" is the fifth single released by Ayumi Hamasaki on December 9, 1998. The single reached number nine on the weekly Oricon chart, becoming her third consecutive top-ten single in Japan.
Kern's (beverage company) Kern's Beverages, commonly known as Kern's, is a beverage company based in Santa Ana, California, but often the drinks are manufactured in Mexico. The company is a subsidiary of the Mexican drink company Jumex.
Ore concentrate Ore concentrate, dressed ore or simply concentrate is the product generally produced by metal ore mines. The raw ore is usually ground finely in various comminution operations and gangue (waste) is removed, thus concentrating the metal component.
Tamarindo (drink) Tamarindo, also commonly known as agua de tamarindo, is a non-alcoholic beverage made of tamarind, sugar, and water. The tamarind plant originated in Africa but has since been widely distributed on a global scale and is commonly found in tropical regions.
Advertising campaign An advertising campaign is a series of advertisement messages that share a single idea and theme which make up an integrated marketing communication (IMC). An IMC is a platform in which a group of people can group their ideas, beliefs, and concepts into one large media base.
Will Smith Willard Carroll Smith II (born September 25, 1968), also known by his stage name the Fresh Prince, is an American actor, rapper, and producer. Noted for his work in music, television, and film, Smith has received various accolades, including an Academy Award, a BAFTA Award, a Golden Globe Award, a Screen Actors Guild Award, and four Grammy Awards, and nominations for a Primetime Emmy Award and a Tony Award.
Age appropriateness Age appropriateness refers to people behaving as predicted by their perspective timetable of development. The perspective timetable is embedded throughout people's social life, primarily based on socially-agreed age expectations and age norms.
Centralia mine fire The Centralia mine fire is a coal-seam fire that has been burning in the labyrinth of abandoned coal mines underneath the borough of Centralia, Pennsylvania, United States, since at least May 27, 1962. Its original cause is still a matter of debate.
Reductionism Reductionism is any of several related philosophical ideas regarding the associations between phenomena, which can be described in terms of other simpler or more fundamental phenomena. It is also described as an intellectual and philosophical position that interprets a complex system as the sum of its parts.
Abdominal distension Abdominal distension occurs when substances, such as air (gas) or fluid, accumulate in the abdomen causing its expansion. It is typically a symptom of an underlying disease or dysfunction in the body, rather than an illness in its own right.
Sunk cost In economics and business decision-making, a sunk cost (also known as retrospective cost) is a cost that has already been incurred and cannot be recovered. Sunk costs are contrasted with prospective costs, which are future costs that may be avoided if action is taken.
Financial technology Financial technology (abbreviated fintech or FinTech) is the technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. It is an emerging industry that uses technology to improve activities in finance.
Pension fund A pension fund, also known as a superannuation fund in some countries, is any plan, fund, or scheme which provides retirement income.\nPension funds typically have large amounts of money to invest and are the major investors in listed and private companies.
Career average pension A career average pension or career average revalued earnings pension (CARE pension) is a type of occupational pension scheme, where people saving for retirement pay for a benefit after retirement where they will receive a sum that is calculated according to their average earnings over their career. Particularly in UK pensions, this model has been introduced as an alternative to both defined contribution pensions, which may run out and lead to old age poverty if they live longer, and final salary pensions which give people a benefit based on the last salary they earned before retirement.
Legal liability In law, liable means "responsible or answerable in law; legally obligated". Legal liability concerns both civil law and criminal law and can arise from various areas of law, such as contracts, torts, taxes, or fines given by government agencies.
Calculator An electronic calculator is typically a portable electronic device used to perform calculations, ranging from basic arithmetic to complex mathematics.\nThe first solid-state electronic calculator was created in the early 1960s.
Nemesis (hypothetical star) Nemesis is a hypothetical red dwarf or brown dwarf, originally postulated in 1984 to be orbiting the Sun at a distance of about 95,000 AU (1.5 light-years), somewhat beyond the Oort cloud, to explain a perceived cycle of mass extinctions in the geological record, which seem to occur more often at intervals of 26 million years. As of 2012, more than 1800 brown dwarfs have been identified.
Free cash flow In corporate finance, free cash flow (FCF) or free cash flow to firm (FCFF) is the amount by which a business's operating cash flow exceeds its working capital needs and expenditures on fixed assets (known as capital expenditures). It is that portion of cash flow that can be extracted from a company and distributed to creditors and securities holders without causing issues in its operations.
Slavic calendar While many Slavic languages officially use Latin-derived names for the months of the year in the Gregorian calendar, there is also a set of older names for the twelve months that differs from the Latin month names, as they are of Slavic origin. In some languages, such as the Serbian language these traditional names have since been archaized and are thus seldom used.
Lake Chad Lake Chad (French: Lac Tchad) is a historically large, shallow, endorheic lake in Central Africa, which has varied in size over the centuries. According to the Global Resource Information Database of the United Nations Environment Programme, it shrank by as much as 95% from about 1963 to 1998.
Capital strike Capital strike is the practice of businesses withholding any form of new investment in an economy, in order to attain some form of favorable policy. Capital strikes may arise from the determination that return on investment may be low or nonexistent or from the belief that by withholding investment certain political or economic changes may be achieved—or from a combination of the two.
Information security audit An information security audit is an audit on the level of information security in an organization. It is an independent review and examination of system records, activities and related documents.
Impact Wrestling Impact Wrestling (stylized as IMPACT! Wrestling) is an American professional wrestling promotion based in Nashville, Tennessee.
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Brexit withdrawal agreement The Brexit withdrawal agreement, officially titled Agreement on the withdrawal of the United Kingdom of Great Britain and Northern Ireland from the European Union and the European Atomic Energy Community, is a treaty between the European Union (EU), Euratom, and the United Kingdom (UK), signed on 24 January 2020, setting the terms of the withdrawal of the UK from the EU and Euratom. The text of the treaty was published on 17 October 2019, and is a renegotiated version of an agreement published half a year earlier.
Minsk agreements The Minsk agreements were a series of international agreements which sought to end the war in the Donbas region of Ukraine. The first, known as the Minsk Protocol, was drafted in 2014 by the Trilateral Contact Group on Ukraine, consisting of Ukraine, Russia, and the Organization for Security and Co-operation in Europe (OSCE), with mediation by the leaders of France and Germany in the so-called Normandy Format.
Lucozade Lucozade is a British brand of soft drink manufactured and marketed by the Japanese company Suntory. Created as "Glucozade" in the UK in 1927 by a Newcastle pharmacist, William Walker Hunter (trading as W. Owen & Son), it was acquired by the British pharmaceutical company Beecham's in 1938 and sold as Lucozade, an energy drink for the sick.
Theory of constraints The theory of constraints (TOC) is a management paradigm that views any manageable system as being limited in achieving more of its goals by a very small number of constraints. There is always at least one constraint, and TOC uses a focusing process to identify the constraint and restructure the rest of the organization around it.
Independent Commission Against Corruption (New South Wales) The Independent Commission Against Corruption (ICAC), an independent agency of the Government of New South Wales, is responsible for eliminating and investigating corrupt activities and enhancing the integrity of the public administration in the state of New South Wales, Australia. The Commission was established in 1989, pursuant to the Independent Commission Against Corruption Act, 1988 (NSW), modeled after the ICAC in Hong Kong.It is led by a Chief Commissioner appointed for a fixed five-year term; and two part-time Commissioners.
Urvashi Vaid Urvashi Vaid (8 October 1958 – 14 May 2022) was an Indian-born American LGBT rights activist, lawyer, and writer. An expert in gender and sexuality law, she was a consultant in attaining specific goals of social justice.
Risk Factors
COCA COLA BOTTLING CO CONSOLIDATED /DE/ Item 1A Risk Factors In addition to other information in this Form 10-K, the following risk factors should be considered carefully in evaluating the Company’s business
The Company’s business, financial condition or results of operations could be materially and adversely affected by any of these risks
Additional risks and uncertainties, including 9 ______________________________________________________________________ [34]Table of Contents risks and uncertainties not presently known to the Company, or that the Company currently deems immaterial, may also impair its business and results of operations
Lower than expected selling prices resulting from increased marketplace competition could adversely affect the Company’s profitability
The carbonated soft drink market and the noncarbonated beverage market are highly competitive
The Company’s competitors in these markets include bottlers and distributors of nationally advertised and marketed products, regionally advertised and marketed products and private label soft drinks
Although the Company has placed an emphasis on revenue management, which includes striking the appropriate balance between generating growth in volume, gross margin and market share, there can be no assurance that increased competition will not reduce the Company’s profitability
Changes in how significant customers market or promote the Company’s products could reduce sales volume
The Company’s sales volume is impacted by how significant customers market or promote the Company’s products
Sales volume has been negatively impacted by less aggressive price promotion by some retailers in the future consumption channels in the past several years
If the Company’s significant customers change the way they market or promote the Company’s products, the Company’s sales volume, revenue and profitability could be adversely impacted
Changes in public and consumer preferences related to nonalcoholic beverages could reduce demand for the Company’s products and reduce profitability
The Company’s business depends substantially on consumer tastes and preferences that change in often unpredictable ways
The success of the Company’s business depends on working with the beverage companies to meet the changing preferences of the broad consumer market
The Company has seen a shift from sugar carbonated beverages to diet carbonated beverages, isotonics, bottled water and energy products over the past several years
Failure to satisfy changing consumer preferences could adversely affect the profitability of the Company’s business
The Company’s inability to meet requirements under its bottling contracts could result in the loss of distribution rights
Approximately 90prca of the Company’s bottle/can sales volume with retail customers consists of products of The Coca-Cola Company, which is the sole supplier of the concentrates or syrups required to manufacture these products
The remaining 10prca of the Company’s bottle/can sales volume with retail customers consists of products of other beverage companies
The Company has bottling contracts under which it has various requirements to meet
Failure to meet the requirements of these bottling contracts could result in the loss of distribution rights for the respective product
Material changes in, or the Company’s inability to meet, the performance requirements for marketing funding support, or decreases from historic levels of marketing funding support, would reduce the Company’s profitability
Material changes in the performance requirements, or decreases in the levels of marketing funding support historically provided, under marketing programs with The Coca-Cola Company and other beverage companies, or the Company’s inability to meet the performance requirements for the anticipated levels of such marketing funding support payments, would adversely affect the Company’s profitability
The Coca-Cola Company and other beverage companies are under no obligation to continue marketing funding support at historic levels
10 ______________________________________________________________________ [35]Table of Contents Changes in The Coca-Cola Company’s and other beverage companies’ levels of advertising, marketing spending and brand innovation could reduce the Company’s sales volume
The Coca-Cola Company’s and other beverage companies’ levels of advertising, marketing spending and brand innovation directly impact the Company’s operations
While the Company does not believe that there will be significant changes in the levels of marketing and advertising by the beverage companies, there can be no assurance that historic levels will continue
In addition, if the sales volume of sugar carbonated beverages continues to decline, the Company’s sales volume growth will continue to be dependent on brand innovation by the beverage companies, especially The Coca-Cola Company
Decreases in beverage company marketing, advertising and product brand innovation could adversely impact the profitability of the Company
The inability of the Company’s aluminum can or plastic bottle suppliers to meet the Company’s purchase requirements may reduce the Company’s profitability
The Company currently obtains all of its aluminum cans from one domestic supplier and all of its plastic bottles from two domestic cooperatives
The inability of these aluminum can or plastic bottle suppliers to meet the Company’s requirements for containers could result in short-term shortages until alternative sources of supply can be located
The Company attempts to mitigate these risks by working closely with key suppliers and by purchasing business interruption insurance where appropriate
Failure of the aluminum can or plastic bottle suppliers to meet the Company’s purchase requirements could reduce the Company’s profitability
The inability of the Company to offset higher raw material costs with higher selling prices, increased bottle/can sales volume or reduced expenses could have an adverse impact on the Company’s profitability
Packaging costs, primarily plastic bottle costs and aluminum can costs increased significantly in 2005 and could continue to increase in the future
If the Company cannot offset higher raw material costs with higher selling prices, increased sales volume or reductions in other costs, the Company’s profitability could be adversely affected
Sustained increases in fuel costs or the inability of the Company to secure adequate supplies of fuel could have an adverse impact on the Company’s profitability
The Company has experienced significant increases in fuel costs as a result primarily of macro-economic factors beyond the Company’s control
In addition, the Company uses significant amounts of fuel in the distribution of its products
Events such as natural disasters could impact the supply of fuel and could impact the timely delivery of the Company’s products to its customers
While the Company is working to reduce fuel consumption, there can be no assurance that the Company will succeed in limiting future cost increases
Continued upward pressure in these costs could reduce the profitability of the Company’s operations
Sustained increases in workers’ compensation, employment practices and vehicle accident costs may reduce the Company’s profitability
The Company is generally self-insured for the costs of workers’ compensation, employment practices and vehicle accident claims
Losses are accrued using assumptions and procedures followed in the insurance industry, adjusted for company-specific history and expectations
Although the Company has actively sought to control increases in these costs, there can be no assurance that the Company will succeed in limiting future cost increases
Continued upward pressure in these costs could reduce the profitability of the Company’s operations
Sustained increases in the cost of employee benefits may reduce the Company’s profitability
With approximately 6cmam000 employees, the Company’s profitability is substantially affected by the cost of pension retirement benefits, post-retirement medical benefits and current employees’ medical benefits
In recent 11 ______________________________________________________________________ [36]Table of Contents years, the Company has experienced significant increases in these costs as a result of macro-economic factors beyond the Company’s control, including increases in health care costs, declines in investment returns on pension assets and changes in discount rates used to calculate pension and related liabilities
Although the Company has actively sought to control increases in these costs, there can be no assurance the Company will succeed in limiting future cost increases, and continued upward pressure in these costs could reduce the profitability of the Company’s operations
Changes in interest rates could adversely affect the profitability of the Company
Approximately 43prca of the Company’s debt and capital lease obligations of dlra777dtta2 million as of January 1, 2006 was subject to changes in short-term interest rates
Rising interest rates have increased the Company’s interest expense over the past two years
If interest rates increased by 1prca, the Company’s interest expense would increase by approximately dlra3 million over the next twelve months
This amount is determined by calculating the effect of a hypothetical interest rate increase of 1prca on outstanding floating rate debt and capital lease obligations as of January 1, 2006, including the effects of the Company’s derivative financial instruments
This calculated, hypothetical increase in interest expense for the following twelve months may be different from the actual increase in interest expense from a 1prca increase in interest rates due to varying interest rate reset dates on the Company’s floating rate debt and derivative financial instruments
In addition, the Company’s pension and postretirement medical benefits costs are subject to changes in interest rates
There can be no assurance that future increases in interest rates will not reduce the Company’s profitability
The Company’s debt rating could be impacted by The Coca-Cola Company
The Company’s debt rating could be significantly impacted by capital management activities of The Coca-Cola Company and/or changes in the debt rating of The Coca-Cola Company
A lower debt rating could significantly increase the Company’s interest cost
Changes in legal contingencies could impact the Company’s future profitability
Changes from expectations for the resolution of outstanding legal claims and assessments could have a material adverse impact on the Company’s profitability and financial condition
In addition, the Company’s failure to abide by laws, orders or other legal commitments could subject the Company to fines, penalties or other damages
Additional taxes resulting from tax audits could impact the Company’s future profitability
An assessment of additional taxes resulting from audits of the Company’s tax filings could have a material impact on the Company’s profitability, cash flows and financial condition
Natural disasters and unfavorable weather could impact the Company’s future profitability
Natural disasters or unfavorable weather conditions in the geographic regions in which the Company does business could have a material impact on the Company’s revenue and profitability
Issues surrounding labor relations could impact the Company’s future profitability and/or its operating efficiency
Approximately 7prca of the Company’s employees are covered by collective bargaining agreements
The inability to renegotiate subsequent agreements on satisfactory terms and conditions could result in work interruptions or stoppages, which could have a material impact on the profitability of the Company
Also, the terms and conditions of existing or renegotiated agreements could increase costs, or otherwise affect the Company’s ability to fully implement operational changes to improve overall efficiency
12 ______________________________________________________________________ [37]Table of Contents Recent bottler litigation could limit the Company’s ability to change distribution methods and business practices
Litigation recently filed by some United States bottlers of Coca-Cola products reflects disagreements in the Coca-Cola bottler system concerning distribution methods and business practices
These disagreements among various Coca-Cola bottlers could adversely affect the Company’s ability to fully implement its business plans
Management’s use of estimates and assumptions may have a material effect on reported results
The Company’s consolidated financial statements and accompanying notes to the consolidated financial statements include estimates and assumptions by management that impact reported amounts
Actual results could differ from those estimates