case study will focus on the proposed capital structure decisions of Diageo. 2) Is Diageo’s current capital structure appropriate to its new business? It believes that it has traditionally had a conservative debt policy. If so‚ is that policy still appropriate? Has Diageo’s capital structure been as conservative as it believes? (What interest rate coverage ratio has it been targeting? How does it look relative to its competitors?) Diageo’s capital structure has not been as conservative as it
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Solution 1: (i) P0 = D1 Ke - g CA – IPC TEST CAPITAL STRUCTURE = 3.50 (1.06) 0.15 – 0.06 = `41.22 (ii) Ke = D1 + g P0 0.15 = 3.50 (1 + g) + g 50 7.50 = 3.50 + 3.50g + 50g g= 4 = 7.48% 53.5 Solution 2: (i) Determination of EPS at EBIT level of `22‚00‚000 Financing Plan (a) (b) Equity Shares (`) Debentures (`) Pref. EBIT 22‚00‚000 22‚00‚000 Less: Interest (16‚000) (1‚21‚000) Taxable Income 21‚84‚000 20‚79‚000 Less: Tax @ 30% (6‚55‚200) (6‚23‚700) EAT 15‚28‚800 14‚55‚300 Less: Dividend on Pref
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Structure of California’s Government Headed by the governor of the state‚ the state govt. of CA replicates the Federal govt. It has three branches that perform their assigned tasks and keep within the limits set by the constitution. These branches are: Legislature Executive Judiciary While this division has been created to give structure to the government and ensure its smooth and effective functioning‚ there is‚ more importantly‚ the need to keep the power of the branches in check and to make
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Assignment 2: Business Financing and the Capital Structure Principles of Finance Finance 100 December 12‚ 2013 Business Financing and the Capital Structure Raising Business Capital As a financial advisor to this business there are two options to consider for raising business capital‚ equity financing and debt financing. The details‚ advantages‚ and disadvantages of both options will be provided. Also information about raising capital by selecting an investment banker
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Kitchen By: Banana Yoshimoto Mikage Satsuki Growing up is tough; especially when you are alone and young. It forces you to fend for yourself against the world. Instead of playing with your friends‚ you spend your time figuring out where your next meal is coming from. Which is a sad and scary truth; few stop to think of these poor souls that get such an unfortunate fate. In Banana Yoshimoto’s Kitchen‚ the character Mikage undergoes many of changes‚ but one thing throughout this book that does
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Kitchen Facilities General requirements for food rooms What the law says Regulation (EC) No 852/2004 states that food premises must be of a suitable layout‚ design‚ construction and size for the following reasons. a b To allow adequate cleaning and disinfection. To prevent the accumulation of dirt‚ contact with toxic materials‚ particles shedding into food‚ and condensation or undesirable mould forming on surfaces. To allow good food hygiene practices. This includes protection against crosscontamination
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Ashley McNeely Pizza Pizza is one of my favorite foods and I could probably eat it every day if I had the chance. Living in Chicago I have had deep dish pizza once or twice‚ but it just doesn’t do it for me. I like my crust thin‚ the thinner the better. Some days I want a ton of cheese and toppings‚ but other days just some tomatoes‚ basil‚ and a splash of fresh mozzarella does it for me. The last time I had pizza was Monday night. Our landlord bought it for us from Bacci pizza up the street
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are essential is the pizza business. This type of business heavily relies on giving good accommodations for their customers to attract good vibes and have good sales every day. Online table records system are designed to minimize the work of employee by having a automated table serving for the customers so that they can focus on other things they need to do. Pizza is an oven-baked‚ flat‚ round bread typically topped with a tomato sauce‚ cheese and various toppings. Pizza was originally invented
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Topic-Food Focus- family togetherness‚ Deep dish pizza‚ New York style pizza and homemade pizza‚ Purpose – to inform Audience – single parents with small children Tone – excited Who- bonding over pizza What – promotes bonding with your children Why – continue or create family experiences When – past and present Where – Home with your kids Emphatic Writing Pattern Pizza is a very common food Item you can find anywhere in New York‚ it can provide a quick fix if you are hungry but it can
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Pfizer Inc.’S Cost of Capital and Capital structure - Xiaoyue Shi The costs of capital and capital structures for Pfizer Inc. and its two competitors Merck & Co. Inc. and Johnson & Johnson in the pharmaceutical industry are analyzed in this memo. When calculating the cost of common stock for the three companies‚ three different approaches including Capital Asset Pricing Model (CAPM)‚ Discounted Cash Flow (DCF) and the bond yield plus risk premium are applied (Appendix A). For CAPM approach
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