Case #33 California Pizza Kitchen Synopsis and Objectives This case examines the question of financial leverage at California Pizza Kitchen (CPK) in July 2007. With a highly profitable business and an aversion to debt‚ CPK management is considering a debt-financed stock buyback program. The case is intended to provide an introduction to the Modigliani-Miller capital structure irrelevance propositions and the concept of debt tax shields. With the background of a pizza company‚ the case provides
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Strategies of Pizza Hut A PRESENTATION REPORT ON PIZZA HUT PESHAWAR ACCEP TED TO SIR IMRAN WAZIR ACC EPTE D BY : ADNAN KHAN MUJAHID HUSSAIN NAVEED SAEED SHAHZAD TAHIR ZARTASHIA ARSHAD BBA (HONS) - C 1st Semester Institute of Management Sciences‚ Peshawar Pakistan Page 1 Report and Marketing Strategies of Pizza Hut TABLE OF CONTENTS S. No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 Topic Letter of acceptance Executive summary History of Pizza Introduction & History Of Pizza Hut Pizza
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S&S Air‚ Inc. 2009 Income Statement Sales COGS Other Expenses Depreciation EBIT Interest Taxable Income Taxes (40%) Net Income $20‚077‚000 $14‚985‚000.00 $2‚399‚000.00 $655‚000.00 $2‚038‚000.00 $362‚000.00 $1‚676‚000.00 $670‚400.00 $1‚005‚600.00 Dividends Add. To RE $205‚000.00 $800‚600.00 2009 Balance Sheet Current Assets Cash AR Inventory Total CA Fixed Assets Net P&E Total Assets 1. Ratios Current Ratio Quick Ratio Current Liabilities $365‚040 $1‚534‚680 $1‚238‚500 $3‚138‚220 AP Notes Payable
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CASE STUDY – PIZZA HUT School cafeterias served nearly $500 million of pizza a year. Only frozen pizza was used‚ however‚ because freshly prepared pizza was effectively excluded by a U.S. Department of Agriculture (USDA) regulation that required inspection of any pizza with meat toppings that was sold at wholesale for resale. The same was true for other institutions such as hospitals and prisons. The 39 broader issue was the closure of the institutional market to freshly-prepared foods such as
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Domino’s and ebay Gaining a slice of the online auction house Prepared for Prepared by Executive Summary Analysis of the current Dominos ecommerce and marketing strategy from an external standpoint identified missed opportunities and prospective areas for improvement relating to their ecommerce structure. Specifically it was identified that Dominos had the potential to leverage the established business structures of eBay and utilise them with speed and efficiency to create an innovative
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will be used to understand the theories that are involved in this dissertation as some secondary research does become obsolete with time due to social and policy changes. Saunders (2007) also explains that secondary research is also useful for data analysis and evaluation which will take place later in the dissertation. Secondary research was vital to this study‚ consolidating data which may be unobtainable to primarily collect. A key advantage of secondary research is the allowance of more time
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How to make a pizza before we started ask someone what is their favorite food is it‚s probably pizza. Pizza is everyone favorite food well most people their are so many different toppings ‚ cheeses ‚ sauces ‚ and crust styles but not everyone know how to make a pizza that why this essay will break the recipe down step by step so you can know how to a pizza . First‚ to start out you must start by prepping all of the necessary items for the pizza. Generally you will start by making the dough. The
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Domino’s Pizza‚ Inc. (NYSE: DPZ) is an international pizza delivery corporation headquartered in Ann Arbor‚ Michigan‚ United States. Founded in 1960‚ Domino’s is the second-largest pizza chain in the United States.[1] Domino’s currently has nearly 9‚000 corporate and franchised stores[2] in 60 international markets[3] and all 50 U.S. states. Domino’s Pizza was sold to Bain Capital in 1998 and went public in 2004. Domino’s menu features pizza‚ pasta‚ oven-baked sandwiches‚ wings‚ boneless chicken
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Preparatory Questions for California Pizza Kitchen 1. In what ways can Susan Collins facilitate the cusses of CPK? 2. Using the scenarios in case Exhibit 9‚ what roles does leverage play in affecting the return on equity (ROE) for CPK? What about the cost of capital? a. Leverage increases Beta for the firm since debt to equity ratio increases from unlevered beta. We use 10 year Treasury bond as our risk free rate and for market risk premium we use current prime lending rate for June 2007
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& The Economy 1. What are the implications of Pizza Hut’s big price cuts for its brand image? As stated Pizza Hut’s brand image is neither fast food nor full-service. It delivers average quality products for average prices. Previously‚ it was marketed as a “more for the same” value proposition (Kotler & Armstrong‚ 2012).Yet‚ it has done something that shocked the whole market. It has cut the prices up to 50%. Doing that‚ Pizza Hut is fully reforming its brand image. They are implementing
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