You decide week 6 The stock should not be purchase by Mr. Jones. Mr. Jones acquiring the assets, liabilities and also would inherit the contractual obligations of the selling corporation, would, be the results of the purchase. In lay terms, he has bought the existing Smithon Corporation and he is responsible of ensuring daily operations run efficiently but the tax aspect of acquisition he is responsible for existing and any future tax liabilities that the selling corporation had. It would be my advice for Mr. Jones to not buy the stock because of the liability of current and future tax obligations which Mr. Jones would incur from the purchase of the stock. Since the tax identity of Smithon corporation would have not ceased, it is not
By using the CAPM model, the cost of equity is: (1.34% + 0.9(7.5% - 1.34%)) = 6.90% b. Estimate the cost of Debt for Delta. The after-tax cost of debt is: Rate(1-Taxrate) = 3.64%(1 -.30) = 2.55% The market value of equity is price*shares = $27.70*850,902,527. The sum of these is $23.57 billion, which is also the market cap. The long term debt is $11,082 million.
EF5142- Individual Case Questions: “Marriott Corporation: The Cost of Capital” 1. What is Marriott’s target debt-to-value ratio (i.e. what is their target Debt/(Debt+Equity)]? Target D/(D+E) = 60% (source: table A) <==> D/(D+E) = 0,6 and E/(D+E) = 0,4 D/(D+E) x (D+E)/E = D/E = 0,6/0,4 = 1,5 ==> target D/E ratio = 1,5 2. As of the 1987, what was Marriott’s actual debt-to-value ratio?
Besides, it services customers across the UK over more than 500 Stores, 130 M locals and online home delivery service (Morrisons-corporate.com, nd). The aim of this report is analyzing and evaluating Morrison’s financial strategy and making appropriate recommendations based on its annual reports for the last 5 years. Analyze Morrison’s capital structure/financing decision Capital structure Year | 2010 | 2011 | 2012 | 2013 | 2014 | Net debt (£m) | 924 | 817 | 1471 | 2200 | 2817 | Total equity (£m) | 4949 | 5420 | 5397 | 5230 | 4692 | Gearing ratio (%) | 19 | 15 | 27 | 42 | 60 | It is interesting to note that net debt movement and equity movement are on the contrary. The level of Morrison’s debt was relatively high while its level of equity capital was relatively low. After a slight decline to 15% in 2011, the Gearing ratio appeared to rise noticeably for the following years.
Hence to break even, we must have occupancy to cover the daily expense. According to the double and single occupancy ratio, the average rates for east wing and west wing separately are $19 and $24. Thus the occupancy equals $1153.42/($ 24*30 + $19*50) = 69.07%. 69.07%*80 =55.25. On average, 56 Rooms must be rented each night in the winter season for the hotel to break even.
Hardee's is one of many fast food restaurants in the world. The company CKE Restaurants, Inc. owns Hardee's and Carl's Jr. Wilbur Hardee founded Hardee's in 1960. CKE Restaurants, Inc. is a very successful business even with the economy. There are four aspects of CKE Restaurants, Inc. that will be covered which are the financial health, management, economy, and comparison to other fast food chains. One important aspect of CKE Restaurants, Inc. is the financial health.
GAAP? Explain in detail. (TCO C) (TCO C) Blue Corp. reports operating expenses in two categories: (1) selling and (2) general and administrative. The adjusted trial balance at December 31, 201X, included the following expense accounts. Accounting and legal fees $150,000 Advertising $125,000 Freight-out $65,000 Interest $80,000 Loss on sale of long-term investments $35,000 Officers’ salaries $200,000 Rent for office space $160,000 Sales salaries and commissions $110,000 One half of the rented premises are occupied by the sales department.
Problem 13-23A Financial statements for Pocca Company follow. (See Excel) Use the financial statements for Pocca Company from Problem 13-22A to calculate the following ratios for 2006 and 2005. Working capital Current ratio Quick ratio Accounts receivable turnover (beginning receivables at January 1, 2005, were $47,000.) Average number of days to collect accounts receivable Inventory turnover (beginning inventory at January 1, 2005, was $140,000.) Average number of days to sell inventory Debt to assets ratio Debt to equity ratio Times interest earned Plant assets to long-term debt Net margin Asset turnover Return on investment Return on equity Earnings per share Book value per share of common stock Price-earnings ratio
Assignment 1: Careers in Lodging and Food and Beverage Industries. by Jonathan Kumbi 2/1/13 HTM: Hospitability and Tourism Strayer University Online Prof. GALLAGHER Describe the various types of management careers that can be offered within each industry (lodging and food and beverage). Lodging, such as hotels and resorts, is one of the largest employers in the hospitality management industry. There are many routes you can take within the lodging industry including guest’s services, housekeeping, general hotel, human resource and sales management. The size and type of lodging may determine how much experience and education is needed to obtain a management position.
2013 Profile & Analysis: Chain Restaurant Operators ® INTRODUCTION TABLE OF CONTENTS Executive Summary ...................................................................................................... 2 Details & Definitions ..................................................................................................... 7 Explanation of Data Elements ....................................................................................... 8 Statistical Analysis of Contents ................................................................................... 11 Index of Leading Companies - Ranked by Foodservice Sales - United States ........... 20 Index of Leading Companies - Ranked by Units - United States ................................ 24 Index of Leading Companies - Canada ....................................................................... 26 Index of Leading Companies - Hotel/Motel Operators ................................................ 27 Index of Leading Companies - Foodservice Management Operators ......................... 27 Foodservice Industry Profile ........................................................................................ 28 Franchise Headquarters .............................................................................................. 38 Major Mergers & Acquisitions ...................................................................................... 43 State Restaurant Associations .................................................................................... 46 Major Trade Associations ............................................................................................ 54 Calendar of Major Trade Shows .................................................................................. 66 Exclusions Index