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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California: The Golden State Origin of the name The name ‘California’ comes from the Latin phrase calida fornax (hot oven) with which the Spanish colonists characterized the hot climate of this region. Climate California’s climate varies from Mediterranean to subarctic. Much of the state has a Mediterranean climate‚ with cool‚ rainy winters and dry summers. The cool California Current offshore often creates summer fog near the coast. Farther inland‚ one encounters colder winters and hotter
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Recently‚ in the United States‚ there has been a major water shortage due to the lack of rainfall. It is mainly in California and other Western states. According to the U.S. Geological Survey‚ “In 119 years of recorded history‚ 2013 was the dries calendar year for the state of California.” California’s snowpack usually provides about one-third of the water used in Californian farms and cities. In January 2014‚ it measured in at 12%. The water shortage has had many effects of people‚ farming‚ and
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The California Gold Rush The California Gold Rush of 1849 is one of the most interesting and exiting events of the United States. From the wild stories of men striking it big‚ to the heart wrenching tales of people losing everything‚ these are what make it so alluring. There are many aspects of the California Gold Rush; effects on California; individual stories of struggle; and effects on the United States as a young country looking for stability. San Francisco was a small town of a few hundred
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California History Vocabulary July 1769: Spanish Gov. chose to settle in California in San Diego 1542 official welcoming for Spanish to California October 12‚1492: Columbus’ expedition to find treasure for queen Isabella 1517 Spanish created civilization where the Native Americans were 1519 Cortez comes to shore at the FIRST Spanish city Vera Cruz Aztec- Montezuma was the god there at the time Cortes came to America -Montezuma sent 13‚000 pounds of gold to Cortes to leave his land.
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California Milk Advisory Board Real California Cheese The “Happy Cows” campaign has been so successful because it gives people the reassurance of where there cheese is coming from. By labeling products that use California Cheese‚ it gives the people of the images in their commercials of happy cows on rolling plains enjoying their life. Today many animals are caged‚ mistreated‚ and hormone injected‚ so the commercials used in the campaign help give people the image that these California cows
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The last time I was at the California Academy of Science Museum in Golden Gate Park‚ we all had to hold hands while the teacher led us through the halls of this great museum. Yes there was that huge‚ (scary)‚ dinosaur skeleton in the lobby‚ there were hundreds of different fish I had never seen in my local pet store‚ and the diorama’s in the African Hall were so realistic we thought for sure the Zebras had moved! The little girls screamed as I shouted "THERE!" and pointed at one of the Zebras. For
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Air Pollution in California In the 1940’s California was supporting a population of seven million people and contained 2.8 million registered vehicles. Within the next twenty years the population more than doubled to reach 16 million while the number of registered vehicles all but tripled increasing to eight million. This has been a common trend in California’s documented history from the early twentieth century to today. There have been many historical and environmental factors that have assisted
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he California Republic was a short-lived‚ unrecognized state that‚ for a few weeks in 1846‚ militarily controlled the area to the north of the San Francisco Bay in the present-day state of California. In June 1846‚ a number of American immigrants in Alta California rebelled against the Mexican department’s government. The immigrants had not been allowed to buy or rent land and had been threatened with expulsion from California because they had entered without official permission. Mexican officials
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California Pizza Kitchen Chris Schroeder FI 602: Financial Strategy and Valuation Fang Chen September 21‚ 2012 Introduction In July of 2007‚ California Pizza Kitchen (CPK)‚ a casual dining pizzeria started in California by co-owners Rick Rosenfield and Larry Flax‚ was faced with the decision to invest in a stock repurchase program. Led by Chief Financial Officer Susan Collyns‚ the financial team of CPK was reviewing the preliminary results for the second quarter to determine if the stock
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