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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“Your Catalog Reservation” (return postcard) DIRECT MAIL May 15‚ 199_ Dear Neighbor‚ We know lucky people like yourself who have already received the finest set of kitchen knives in the world-at incredible discount prices. How much are you now paying for the best knives in your kitchen? $45? $50? $65? Even these prices seem reasonable for a top quality knife‚ one made from Belgian stainless steel‚ triple-tempered to hold a razor
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CALIFORNIA PIZZA KITCHEN The case we studied this time is CPK‚ which is a restaurant with creative menu‚ high quality of foods‚ nice dinning environment‚ good dinning atmosphere‚ convenient traffic location and etc. The case discussion this time was more focused on the numerical data instead of strategy analysis. Although it’s not so easy for me to catch up with all information that the present group show‚ I think it’s really interesting. The main problem we need to discuss is how to raise the declining
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Basic Kitchen Organization Food Processing Kitchen (Commissary Kitchen) - In large operations‚ it is a kitchen for the processing of all vegetables‚ salads and fruits - Purpose: to wash peel and sanitize and cut all raw products‚ increase hygienic and sanitary standards of a kitchen‚ reduce waste Cold/Pantry Kitchen (Garde Manger) - Produces all cold food items – salads‚ dressings‚ cold platters‚ terrines‚ pates‚ sushi/sashimi‚ cheese‚ fruits‚etc. - If there is no in-house butchery‚ also
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January 31‚ 2013 The Kitchen Table Never have I taken the time to think of the significance of the kitchen table in my life‚ but I have come to realize that my kitchen table has always been a place to unwind and share with my family members. From childhood to my adult hood‚ I have always come to the kitchen table in celebration‚ conference‚ in search of security‚ and enjoyment. The kitchen table of the past always brought my family together‚ and the table in my present brings focus to my school
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Assumptions leads to destruction. An assumption is basically believing something is true without actually having proof. In the book The Kitchen House assumptions is a huge theme throughout the book‚ characters in the book held judgement on things they didn’t know the full facts about. These assumptions caused them to make decisions they would have thought different about if they knew the truth. For instance there was many examples in the book‚ for example when Lavinia first arrived at Tall Oaks
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Growing up in my great grandma’s generation was completely different than growing up in my generation. Back in the day there were not supercenter grocery stores like Wal-Mart‚ Shop n Save or Sam’s Club for you to go buy your meals. Everything you ate was made from scratch. Why do you think grandmas always the best cooks? Going to grocery stores and restaurants is typically easier and cheaper but cooking homemade meals with your great grandma is priceless. My great grandma‚ Dorthy Baker‚ was born
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Orleans is a city well known for its culture and flavor that is unlike anything any other city can offer. It boasts a variety of traditions‚ cultures‚ music and most importantly‚ food. Soul Kitchen by Poppy Z. Brite contributes to the New Orleans flavor by highlighting the food aspect of the culture. Soul Kitchen illustrates how food is not only an important part of New Orleans but is part of the soul of the city‚ hence the title. While many are not as well versed in the culinary field as Brite is
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UVA-F-DRAFT Version 1.0 CALIFORNIA PIZZA KITCHEN Everyone knows that 95 percent of restaurants fail in the first two years‚ and a lot of people think it’s ‘location‚ location‚ location.’ It could be‚ but my experience is you have to have the financial staying power. You could have the greatest idea‚ but many restaurants do not start out making money – they build over time. So it’s really about having the capital and the staying power. — Rick Rosenfield‚ Co-CEO‚ California Pizza Kitchen1
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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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