Colton Jones‚ Inc. Marion Jones was once the sole shareholder and president of Chempla‚ Inc.; in 20X1 she sold her stock to Westcoat Industries. She signed an agreement to be a consultant for five years. After being unable to make a profit Westcoat decided to sell their interest in Chempla‚ but were unable to find a buyer. Westcoat offered Chempla back to Marion Jones and an agreement was reached on September 1‚ 20X4. Included in the agreement Marion would be majority shareholder of the newly
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New Targets: Early to Mid-1990s A new president‚ Tetsuya Katada‚ took over in 1989. Katada decided that Komatsu’s management had been hampered to some extent by the company’s goal of catching Caterpillar. Whereas this strategy had worked remarkably well in expanding the company while the global market was growing‚ now that worldwide demand for construction equipment was down‚ Komatsu did not have the flexibility to adapt. Katada believed that the creativity of Komatsu’s middle managers had been
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Naples Electronics Inc: balance Sheet for the year ending 2004 (In millions of dollars) Cash and securities $ 2.1 Accounts Payable $ 1.2 Accounts Receivable 10.1 Accruals 1.5 Inventory 2.6 Notes Payable .5 Total Current Assets $ 14.8 Total Current Liabilities 3.2 Net Fixed Assets 29.1 Long-term Debt 15.0 Preferred Stock 4.0 Common Stock 1.0 Retained Earnings 20.7 Total Assets 43.9 Total Liabilities & Equity
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Nike Inc. Case 1. What is the WACC and why is it important to estimate a firm’s cost of capital? WACC is weighted average cost of capital‚ which is the expected rate of return on average from all the company’s existing debts and securities. It takes into account all different types of financing in the company’s capital structure. The reason it is important to estimate WACC is because it measures what it costs the firm to take on a project based on its current Debt and Equity mix. When the
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Running head: Toy World‚ Inc. Case Study Toy World‚ Inc. Summary I have been hired by Toy World’s treasurer Grace Jones‚ as her assistant‚ and have been given the task of preparing a cash budget for the CEO Dan Culbreth. I have been told to do a monthly budget for January to June and a daily budget for the month of January. I’m required to have this cash budget done by Sunday for a meeting with Dan and Grace. Dan will then be presenting the budget in his meeting about loan requirements‚ with
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------------------------------------------------- G R O U P C A S E 3: H O S P I T A L S U P P L Y‚ I N C Given Information: Hospital Supply‚ Inc.’s Normal Volume (in units per month) | 3‚000 | Regular Selling Price (per unit) | 4‚350 | Costs per Unit for Hydraulic Hoists | | | Unit Manufacturing Costs: | | | Variable Materials | 550 | | Variable Labor | 825 | | Variable Overhead | 420 | | Fixed Overhead
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NORTHERN DRILLING INC. Executive Summary Peter Bremner‚ the general manager of Northern Drilling Inc. has received a request for proposal from Mond Nickel to bid for an upcoming project that will be Northern’s largest contract to date. The project involves an intermediate job‚ as well as a deep drilling job‚ and will require that Northern prioritize this contract over other existing contracts in terms of manpower and equipment. Northern has to assess the technical feasibility of this project
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Case Study: Central Transport‚ Inc. I. Basic Facts Jean Beierlein is the new president and CEO of Central Transport (CT) and has received an offer for a collaborative relationship from Susan Weber‚ who is the current president and CEO of SAB Distributions. CT and SAB has historically worked together and has developed a long lasting business relationship. The market has undergone dramatic changes that caused SAB to make changes in order to strive to remain competitive. However‚ SAB is losing their
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1. Calculate the key financial ratios for Avery Products‚ Inc.‚ for each year and ratio suggested in the case’s industry averages. Analyze the trends for each ratio. 2. What strengths and weaknesses are revealed by the ratio analysis? • Quick Ratio: The ratio is declining which reflects higher liabilities and cash flow problems of the company • Current Ratio: The ratio is declining which means that Avery is having problems with liquidity. • Inventory Turnover: The ratio is increasing
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related to an acceptance of a client. Murphy Tymshare Inc is building and selling resort time-share condominiums in South Florida‚ it has been in business for five years. It recently bought out competing and floundering time-share development. The company stock is mainly owned by Jake (51%)‚ the other 49 % is owned by friends and family members. Identified factors that indicate potential problems with the audit of Murphy Tymshare Inc will be discussed below. 1Q. Knechel in his book describes
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