1. There are two identical firms EQT Corp and DBT Corp except for their capital structure. For example none of the firms pay taxes‚ and EBIT is $22‚000 per year for both firms. There is no growth for any of the firms. EQT is an all equity firm with 1‚000 shares outstanding and expected return of 22%. Since there is no growth‚ EQT will pay out all earnings to shareholders as dividends. In contrast‚ DBT has $40‚000 worth of debt outstanding with interest rate of 5%. There are 500 shares of equity
Premium Stock Tax Stock market
Assignment 1: FINA 370 International Financial MGMT Overview of the Asian Economy: Asian economy prior to 1997 crisis could be described according to the theory of Flying Geese. The lead goose‚ Japan well industrialized followed by its intensive labor suppliers‚ the four dragons (South Korea‚ Taiwan‚ China‚ and Singapore)‚ the four tigers (Indonesia‚ Malaysia‚ Philippines and Thailand). They used to form the global supply chain and all of them used the US dollar as the benchmark currency
Premium United States dollar Currency Bretton Woods system
& Promotion 6 4.2. Management and Staffing 7 4.3. Hardware & Software 8 4.4. Risks 9 5. Financials 10 5.1. Developmental Costs 10 5.2. Operational Costs 10 5.3. Sales & Marketing Costs 11 5.4. Revenue Model 11 5.5. Profit and Loss Forecasts 12 6. Timeline 13 7. Conclusion 13 8. Bibliography 14 9. Appendices 15 1. Executive Summary There is a strong future in the sale of electronic books (e-books). In its Global Entertainment and Media Outlook
Premium E-book Revenue Marketing
DIPLOMA IN COMPUTING AND INFORMATION TECHNOLOGY PROJECT PROPOSAL: (In Partial Fulfillment of a Diploma Course in Computing and Information Technology) TITLE: CHURCH MANAGEMENT SYSTEM (For: All Churches in Mwanza City‚ Case study is FPCT CHURCH) STUDENT NAMES: REGISTRATION NUMBER: Supervisor’s Name:. . . . . . . . . . . . . . . . . . . . . . . TABLE
Premium Information technology Requirements analysis Information system
Kong from all over the world. Three months earlier‚ William’s elder brother‚ Victor Fung‚ announced his retirement as Chairman after 23 years. Since 1989‚ the Fung brothers had turned Li & Fung from an Asia-based‚ family-run trading house into a global supply chain company managing intercontinental networks of manufacturers‚ suppliers‚ and distributors of consumer nondurable goods. During that period‚ Li & Fung grew its annual revenue from less than US$500 million to US$16 billion‚ yielding a
Premium Supply chain Good
Ch 8: Financial Reporting and Management Reporting System GL master ledger: the principal file in the GLS database. Based on chart of accounts. FRS draws upon GL master to produce the firm’s financial statements General ledger history file and journal voucher history file- prior period info Responsibility center file: contains revenues‚ expenditures‚ and other resource utilization data for each responsibility center in the organization (used for responsibility reports) Budget master file: contains
Premium Management General ledger
Financial Pillar F2 – Financial Management Instructions to candidates You are allowed three hours to answer this question paper. You are allowed 20 minutes reading time before the examination begins during which you should read the question paper and‚ if you wish‚ highlight and/or make notes on the question paper. However‚ you will not be allowed‚ under any circumstances‚ to open the answer book and start writing or use your calculator during this reading time. You are strongly advised to
Premium Balance sheet
led to the conception of Hotel Management. As the interaction of tourist to the hotel increased this have led to the further development of an Online Hotel Management. The website which deals with the easy online reservation of rooms in a hotel for audience who have basic computer knowledge are known as Hotel Management Website’s. Which provide an easy solution for an online customer who can now by sitting at home can book a room of his choice. Online hotel management system provide user a greater
Premium PHP Website World Wide Web
Global Entrepreneurship and Small Business Management 9-1 Entrepreneurial Enterprise 9-2 The Business Plan and SelfEmployment 9-3 Operating an Entrepreneurial Enterprise 9-1 OBJECTIVES Explain the importance of an entrepreneur in the development of an economy. Differentiate between the types of Entrepreneurial businesses. Describe telecommuting and the effect of technology on home-based businesses. The Economic importance of Entrepreneurs The world of business is constantly changing
Premium Entrepreneurship Business Small business
acquirers paying higher prices and earning lower returns when rates are low (and when more deals are announced). Ó 1999 Elsevier Science B.V. All rights reserved. JEL classi®cation: G21; G32; G34 Keywords: Mergers; Interest rate exposure; Risk management; Banks 1. Introduction Bank executives and industry analysts would readily agree that interest-rate exposure is important to depository institutions. Research shows that interest rate movements aect bank earnings and value‚ and banks explicitly
Premium Bank Mergers and acquisitions