In the fall of 1977, Michael Stephens, sole proprietor of Stephens Construction, asked Warren Sanders, a local real estate broker, to find a large piece of land that would be suitable for development into a single family residential project. Sanders located several parcels and found a homestead staked and owned by Robert and Arlene Cross. Sanders contacted and met with Robert Cross in February of 1978 and stated that he was looking for land for a developer and had asked Cross to sign a listing agreement, but he refused. In September of 1978, Anders contacted Cross again and showed an offer from Stephens. Cross rejected this and two following offers.…
I think that the owner does need to know a medium amount of knowledge because he needs to be able to handle things wisely. What you know is what you can do.…
Managers are most likely to step across ethical and legal boundaries when the pressure to perform is great. Pressure can be healthy but companies that set high-performance targets and grant large rewards for achieving these must have strong control systems to ensure that people are not tempted to cross boundaries. What are the four important control systems? Please identify each control by name.…
2. Evaluate Jefferies pricing considerations for the upgrade. Are there other pricing factors that Jefferies might consider?…
Assignment: Your team’s task is to recommend to the Board of Blaine Kitchenware (BKI) whether the firm should undertake the leveraged recap. In doing so, please address the four questions below. Teams 1-6: your task is to recommend for a leveraged recap with quantitative and qualitative support Teams 7-13: your task is to recommend against a leveraged recap with quantitative and qualitative support Along with a signed copy of the Marshall Honor Code, submit a hard copy case report of one-page, single-spaced executive summary, summarizing your analysis and recommendation(s), followed by up to five-page legible appendices of supporting calculations, analyses and reference. Note: An excel file with case exhibits 1-4 has been posted on Blackboard. You can only use this file (which contains copyrighted materials) for our class purposes and you may not copy or post the file on any other medium. Objective: This case is designed to provide you with the opportunity to apply financial analysis to critical financial decisions. We will apply various capital structure and payout theories to a leveraged recap decision by 1) examining issues involved in determining the appropriate capital structure, especially as it applies to enterprise and equity valuation; 2) analyzing the impact of the leverage on the weighted average cost of capital of the firm. You might find Chapters 3, 4, 7, 12 and 14-16 of our text useful. Possible concepts used: EFN, growth rates, financial ratios, financial leverage, MM propositions and tradeoff theory, pecking order theory, agency cost theory, share repurchase, special cash dividends, enterprise value, debt and equity value, WACC, cost of debt, cost of equity as well as the CAPM. Questions: 1. Is Blaine Kitchenware, Inc. financially sound? In particular, is the firm profitable? What is the firm’s sustainable growth rate? How is the company currently…
This is a fun case in that it involves branded products that students will recognize yet probably do not associate with Clorox. A good way to introduce the case could be to bring in product samples or show the brand names of their many products and ask students what they have in common?…
incurred debt from time to time to replace older equipment (usually in blocks of five trucks). He knows that the…
Over two centuries, the Fries family of northern Kentucky and southern Ohio built a dynasty of sorts in the flavor industry. Alex Fries, a German immigrant with a background in chemistry, settled in Cincinnati during the early nineteenth century and a few years later established a flavor company. Throughout the nineteenth and twentieth centuries, Fries and his descendants owned, operated, or oversaw several flavor companies, the last of which was F&C International. In the early 1990s, F & C’s chief executive, Jon Fries, orchestrated a large-scale financial fraud that proved the undoing of the company and the family’s proud history in the flavor industry.…
1. Features of Salesforce.com are most helpful is the CRM and Collaboration section along with the IT and development section. They are the leader in customer relationship management (CRM) and cloud computing giving links to brother and sister companies of theres. There free trials and video demos they have demonstarating strategies.…
The Vega Food Company case is about the Valle family. Franciso Valle Sr. was the entrepreneur-owner of Industrias La Vega, he was married to Isabel and had they had six kids. Five of their kids are girls Rosa, 47; Ana, 42; Maria, 38; Tere, 33; and Mari, 27 one son Franciso Jr., 45. Franciso Sr. died in 1994 and left Franciso Jr., as his successor. Before Franciso Sr. passed, Franciso Jr. was the President of the company. Franciso Jr. had work in the company for twenty years before his father demised. “Industrias La Vega is a Spanish meat-processing business produced hams, sausages, and other delicacies….” Before Franciso Sr. death, he ran for a Senate seat and won at the age of 72 years young. Franciso Sr. also named Franciso Jr. as his successor for his Senate seat if anything may happen to him. Franciso Jr. took his father’s place in the Senate until there was a permanent replacement. Franciso Jr. had done a great job in the Senate, but his sisters did not believe he can have the same success in the family business. Mari had her own reservations about her brother leading the family company. She had total faith in her father but not her brother. Franciso Jr. and Tere were the only two that worked in the family business. Tere had joined the business a few years prior to her father’s demise. Franciso Jr. had sponsored the first family council in February 1997 since there were so much concern on how the business was ran. Franciso and Tere selected the family-business advisor who facilitated the family council meetings. The advisor had private meetings with each family member individually. Each family member expressed their concerns to the advisor about the family business. The first meeting goals and behavior norms were set. They selected top two priorities: (1) the lack of clarity and organization in the ownership structure, estate plan, and financial…
Aquino Quimica Do Brasil S.A is the Brazilian subsidiary of Berre Chimique. The operation serves the four Mercosur markets — Brazil, Paraguay, Uruguay, and Argentine. The economic volatility in the region requires extraordinary focus on resource utilization and profit measurement. The highlights issues about D’Aqiono are dealing with marketing unit performance, product line profitability, profit impact of marketing programs, and sales strategy. In addition, by linking events to the Mercosur context, the case offers an opportunity to explore the economic and political circumstances that surround the customs union.…
Arthritis characterized by erosion of articular cartilage, either primary or secondary to trauma or other conditions, which becomes soft, frayed, and thinned with eburnation of subchondral bone and outgrowths of marginal osteophytes; pain and loss of function result; mainly affects weight-bearing joints, is more common in older persons. Syn: degenerative arthritis, degenerative joint disease, hypertrophic arthritis, osteoarthrosis. DEFINITION…
Mr. Mathur said that he starts any business with a prime intension of selling them off in 5 years or 10 years time frame for his goals and works accordingly to fulfill it by working backwards by putting system, structures and staff in place as the means of getting there.…
1. What was the vision and mission of RAHK? What did management do to ensure adherence to the corporate vision and mission? RAHK was a self-help group governed by different committees (executive committee with management committee and enterprise development management sub-committee) created by different social pillars. Vision: Support of social aims and values of the organization, like general rehabilitation services and policies and actively participated in issus affecting people with disabilities. RAHK uses surpluses from operating units for reinvestment in the community, rather than maximizing profit for shareholders and owners. Mission: Full participation and equal opportunity in society for disabled people. The former chairman Peter Chan did a lot to ensure adherence to the corporate vision and mission. For example he established long term relationship with major public transport (Mass Transit Railway MTR) and he was responsible for introduction of barrier-free access in public area. Furthermore Chan built up strong social connection with different constituencies: social welfare, medical, accountancy, entrepreneurs. Through this Chan provided RAHK with a voice in making social policy and provided a favorable condition to start up business. So RAHK could receive lucrative government monetary support: grants from government and statutory bodies, donations. 2. Outline successful factors of each shop location. Why did the partnership with Queen Elizabeth Hospital come to an end? What were the lessons learned? RAHK opened two 7 eleven convenience stores to provide job opportunities for PWDs and to build up their skills. One store was located in the Queen Elizabeth Hospital (QEH) and one at the Hong Kong Polytechnic University (PolyU). The QEH-store was the only convenience store of the entire hospital and the PolyU store was located in the center of the university campus, with larger customer flow than any other university. Both store location to…
Background CtrlS is India’s leading provider of Datacenter solutions with 2 Tier-IV datacenters currently operational in Navi Mumbai and Hyderabad. CtrlS has many firsts to its credit including India’s first Tier-IV datacenter, besides DR and Cloud solutions that have redefined the way IT services are consumed by client organizations. In a short span, CtrlS has already been recognized by leading industry bodies like NASSCOM, CII, FICCI etc., for the pioneering work in creating IT infrastructure. The CtrlS Summer Internship Program CtrlS is made up of doers. And there is never such a thing as too many doers. This is an initiative to find such doers. Every year, CtrlS will offer projects to interns from engineering and management schools which will prove to be an ultimate test of their mettle. This year, the project is titled: “Seedingthe Cloud”and is an opportunity for young aspirants to test their skills at research, analysis, solution building, persuasion, negotiation and relationship building. It will test the intern’s ability to sell persuasively and evangelize the technology that is already changing the world. In doing so, they will learn what the industry is looking for and will have the opportunity to create in tailor-made solutions for some of these clients. CtrlS as a workplace CtrlS is a young organization, but more importantly, it is an entrepreneurial and resourceful organization, ever ready to soar higher with new ideas and new ways of doing business. There is a consistent effort to think new and think different. The rigidity of doing business with plug and play products is not for us. We believe that every problem presents a potential opportunity to invent a new way of working. Growth is rapid at CtrlS, especially for those who are self-driven and independent. CtrlS is, perhaps, one of the few companies where the entire top management meets with clients every week and where each new entrant to the inner circle only…