30017 Corporate Finance Hannes Wagner The included PDF files are examples of case study write-ups made by students of the 30017 Corporate Finance course in 2012-2013. The underlying case was “Hutchison Whampoa Limited: The Capital Structure Decision”. The write-ups were evaluated as “excellent” and the students have agreed for their work to be distributed. All rights to their work remain with them. The instructions that students received were the following: “Your assignment is to provide a written
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A Financial Analysis of Southwest Airlines Co. Accounting for Financial Decisions BA812 Professor Wayne Drake May 20‚ 1998 Gillian Ainsworth Jennifer Goidell Christine Ledoux Tarak Modi Gerald Owens Robin Walters Southwest Airlines: Twenty-Six Years of “LUV” Twenty-six years ago‚ Rollin W. King scribbled three lines on a cocktail napkin‚ leaned across the table‚ and muttered to his longtime friend: “Herb‚ lets start our own airline”. Herbert D. Kelleher loosened his tie and knitted
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BSAD 342 Prof. Vishwakarma | Grady McQuillanJoe MackayMitch ChownAlessandro Galeone | Discussion questions * Do you believe Blaine’s current capital structure and payout policies are appropriate? Why or why not? * The current capital structure and payout policies for Blaine’s Kitchenware Inc in our opinion is not the most appropriate. The firm’s structure is invested primarily in equity‚ for the most part (other than twice in their history) not incurring
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must strike a balance between current dividends and future growth so as to maximize the stock price. Some reasons a person might want to receive income in the form of a cash dividend would be that the cost of capital decreases as the dividend payout is increased because investors are less certain of receiving the capital gains that are supposed to result from retained earnings then they are of receiving dividend payments. In effect‚ investors value a dollar of expected dividends more highly
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Chapter 16 Payout Policy Multiple Choice Questions 1. Firms can pay out cash to their shareholders in the following ways: (I) Dividends (II) Share repurchases (III) Interest payments A) I only B) II only C) III only D) I and II only Answer: D Type: Easy Page: 415 2. Dividends are decided by: (I) The managers of a firm (II) The government (III) The board of directors A) I only B) II only C) III only D) I and II only Answer: C Type: Easy Page: 416 3. Which of the following dividends is never
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9-913-517 OCTOBER 22‚ 2012 W. CARL KESTER CRAIG STEPHENSON Hill Country Snack Foods Co. The Chief Executive Officer of Hill Country Snack Foods had never enjoyed analyst conference calls‚ but in late January of 2012‚ Howard Keener was yet again asked about the company’s cash balances‚ capital structure‚ and performance measures. One analyst complained that Hill Country’s growing cash position‚ absence of debt finance‚ and large equity balance made it difficult for a company in a mature
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had an opportunity to exploit tax benefit through adding debt. For example in exhibit 1- footnote‚ BKI future tax rate is projected to rise to statutory rate of 40% given its equity structure. BKI can avoid this expected high tax rate with the inclusion of debt in its capital structure. In my view‚ the current capital structure and payout policies for Blaine’s Kitchenware Inc. are not the most applicable for the firm long-term growth. I would say that BKI justification of not using debt in its capital
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BACHELOR OF INTERNATIONAL BUSINESS (HONS) YEAR 2 TRIMESTER 1 UKFF2083 FINANCIAL MANAGEMENT TUTORIAL (Question) Tutorial 1 Refer to Unit Plan‚ brief the students on learning objectives and learning outcomes of this unit. Refer to Unit Plan‚ remind students on coursework assessment (mid-term test 1 and 2). Mid-Term Test 1 will be given in WEEK 5 to monitor students’ progress on the understanding of the lectures and tutorials from Topic 1 to 3. Mid Tem test 2 will be given in WEEK 9
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BLAINE KITCHENWARE INC. Blaine Kitchenware was a mid-sized producer of small appliances primarily used in residential kitchens. By 2006‚ the company’s products consisted of a wide range of small kitchen appliances including deep fryers‚ griddles‚ toasters‚ ovens etc. Blaine had just under 10% of the $2.3 billion U.S. market for small kitchen appliances. For the period 2003 to 2006‚ the industry posted modest annual unit sales growth of 2%. In 2006‚ 65% of its revenue was generated from shipments
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For my quarterly project I will be going over what an actuary does on the job‚ how that translate to our life‚ and how it became the study it is today. An actuary‚ or statistician is a person who computes insurance and pension rates and premiums on the basis of the experience of people sharing similar age and health characteristics. Actuaries must have analytical‚ statistical‚ and probability skills. Actuaries help business make sound financial decisions to protect it from loss.
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