Weeks before Christmas 1993‚ retailer Merry-Go-Round Enterprises Inc. was in trouble. Its stores catering to teenagers were eerily empty‚ thanks to an ill-timed bet on bell-bottom trousers and oversized hip-hop clothes. As losses piled up and suppliers threatened to bolt‚ the company turned to a newly hired law firm to find turnaround experts who could save it. The lawyers’ recommendation: Bring in consultants from Ernst & Young. To worried creditors‚ the solution for Merry-Go-Round was obvious:
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Valuing People: a new strategy for learning disability for the 21st Century. Planning with People Towards Person Centred Approaches - Guidance For Implementation Groups CONTENTS Acknowledgements Chapter 1 Introduction Why person centred planning?.............................................................................Page 6/7 Purpose of the guidance........................................................................................Page 8 Structure of the guidance.....................
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NOVA School of Business and Economics Corporate Finance‚ 2nd Semester 2012/2013 Case Study TOSCO is a company listed in the Portuguese Stock Exchange operating a supermarket chain established in Portugal for many years. The market for traditional food retailers is saturated‚ and there is no room for growth under the same business model. TOSCO’s shareholders have been pressuring the management to pursue new opportunities in order to increase the value of their shares. The management
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You have just been part of a merger. You have each been chosen to head up your department and merge the two groups into a self-directed work team. Work with each other to lay out a plan describing how you will develop a new team within your department or departments. It is natural that there will be some confrontations between people. Look at the stages of team development and use that knowledge to work with the team. It is recognized that some employees will refuse to be part of the team. In fact
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Case Questions for MGM 828‚ Fall 2012 Case 1: The Euro in Crisis a) Evaluate the European Central Bank’s (ECB) response to the financial crisis of 2008-2010. What was their analysis of the problem? b) The ECB responded less aggressively than the US Federal Reserve to the crisis. Why? c) In May 2010‚ should the ECB agree to purchase Greek sovereign debt? Case 2: Foreign Ownership of US Treasury Securities a) Why is foreign ownership of US Treasury securities rising? It is more interesting
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National Medical Enterprises‚ Inc. (NME) was established by Richard K Eamer in the 1960’s‚ due the implementation of Medicare and Medicaid programs. Eamer was not a hands-on manager‚ but had very high expectations of the hospitals and created goals that he expected to be meet. Throughout the duration of the NME we learned about many of unethical decisions made by Eamer and his executives. The ethical culture of NME was focused on doing what ever it took to reach financial goals created by Eamer
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CHAPTER 16 Corporate Strategy and Foreign Direct Investment EASY (definitional) 16.1 Which of the following is likely to be a major long‑run competitive advantage of a U.S. multinational? a) a decline in the real value of the U.S. dollar b) access to low‑cost foreign raw materials c) its ability to quickly adapt its products and technology in line with changing market conditions d) offshore banking facilities located in the Gulf of Mexico Ans: c Section: Product and factor market imperfections
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Cash Accounts receivable Inventory $ 143‚000 ± 2% 115‚000 ± 2% 301‚000 ± 2% Current assets Tangible net fixed assets Intangible net fixed assets $ 559‚000 ± 2% 1‚660‚000 ± 2% 630‚000 ± 2% Total assets 2‚849‚000 ± 2% $ Liabilities Accounts payable Notes payable $ 220‚500 ± 2% 120‚000 ± 2% Current liabilities Long-term debt $ 340‚500 ± 2% 861‚000 ± 2% Total liabilities Common stock Accumulated retained earnings $ 1‚201‚500 ± 2% 401‚500 ± 2%
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Opportunity Cost of Capital capital gain + dividend ($44 − $40) + $2 = = 0.15 = 15.0% initial share price $40 1. Rate of return = Dividend yield = dividend/initial share price = $2/$40 = 0.05 = 5% Capital gains yield = capital gain/initial share price = $4/$40 = 0.10 = 10% 2. Dividend yield = $2/$40 = 0.05 = 5% The dividend yield is unaffected; it is based on the initial price‚ not the final price. Capital gain = $36 – $40 = −$4 Capital gains yield = –$4/$40 = –0.10 = –10% capital gain + dividend
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board. chief executive officer. 2. The person generally directly responsible for overseeing the cash and credit functions‚ financial planning‚ and capital expenditures is the: A. B. C. D. E. treasurer. director. controller. chairman of the board. chief operations officer. 3. The process of planning and managing a firm’s long-term investments is called: A. B. C. D. E. working capital management. financial depreciation. agency cost analysis. capital budgeting. capital structure. 4. The mixture of debt
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