assistant Joanna Cohen to estimate Nike’s cost of capital. Joanna’s analysis is partly right. Considering that non-Nike brands only account for 4.5 percent of revenue and all sports-related businesses face the same risk factors‚ she chooses to compute single cost of capital. In addition‚ the methodology of Weighted Average Cost of Capital (WACC) is a valid tool for estimation. However‚ Joanna makes some mistakes in the analysis process. First‚ when calculating Nike’s cost of debt‚ Joanna uses historical
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Reactive Attachment Disorder Defined Reactive Attachment Disorder can be defined as a rare condition where infants and children lack the healthy bond with parents and/or caregivers. This lack of developmentally appropriate social responses may permanently alter the child’s developing brain‚ and result in a lifelong condition. History- Rene Spitz noticed when children are in orphanages their debilitating mental condition. The children seemed unresponsive to interaction and often cried softly
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Kevin Cao Professor McQueeney English Composition 1 24 October 2012 Annotated Bibliography In the beginning of her essay Organ Sales Will Save Lives‚ Joanna Mackay says that there are thousands of people that are in need of kidneys and thousands that are willing to sell their kidneys. So what’s stopping these people from getting the kidneys? We are. Our government has prohibited the sale of human organs. The government should not ban this. In fact‚ they should actually regulate it. People’s
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investment. I. Objective The objective of this report is to give recommendation for Kimi Ford whether North Point Group should invest on Nike or not. The recommendation is based of Nike’s Cost of Capital. II. Analysis * Cost of Debt Joanna mistakenly used the historical data in estimating the cost of debt. She divided the interest expenses by the average balance of debt to get 4.3% of before tax cost of debt. We believed the cost of debt should be estimated by yield to maturity of
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small changes in assumptions of its formula. 2. What is your estimate of Nike’s WACC? What mistakes to Joanna Cohen make in her analysis? Which method is best for calculating the cost of equity? I think that Joanna Cohen makes several mistakes while calculating Nike’s WACC. First mistake is her calculation of debt which should be measured according to the market value‚ not the book value. Joanna calculated debt using the book values of current portion of long-term debt‚
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In 2008‚ one out of 601.4 children were victims of child abuse‚ 2.34 children out of one hundred thousand die from injuries relating to their abuse‚ a third of all girls and a sixth of all boys are sexually abused before age 17‚ every ten seconds a child is abused‚ killed or raped in the United States‚ today up to five children will die from abuse or neglect‚ today six children will commit suicide (Unites States Children Bureau‚ 2010). There are various types of child abuse that come with different
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firm as a whole. It is important to calculate a firm’s cost of capital in order to determine the feasibility of a particular investment for a firm. I do not agree with Joanna Cohen’s WACC calculation. She calculated value of equity‚ value of debt‚ cost of equity‚ and cost of debt all incorrectly. For value of equity‚ Joanna simply used the number stated on the balance sheet instead of multiplying the current stock price by the number of outstanding shares. The correct calculation is $42.09 x 271
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The contrast between the idea of being silent and being vocal is evident in the interviews. For example‚ Joanna decided to skip the question requesting her opinion on same-sex marriage‚ yet she was vocal about the discrimination that LGBTQ community has faced and continues to face‚ albeit to a lesser extent: “…I think they’re gaining access to a lot of rights that were denied to them in the past. They’re not being discriminated against them as much as before.” This pattern of silence and vocality
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Apparently‚ the issue of Nike’s case is to control and check the calculation cost of capital done by Joanna Cohen who is the assistant of a portfolio manager at NorthPoint Group. But I am willing to tell you that it can be a complex case in which we can doubt about sensitivity analysis done by Kimi Ford (portfolio manager) too. Because her assumptions such as Revenue Growth Rate‚ COGS / Sales‚ S &A / Sales‚ Current Assets / Sales‚ and Current Liability / Sales have been adopted from previous income
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cover several aspects of communication‚ including hearing versus listening‚ nonverbal communication‚ and relationships. A brief overview of the film Kramer Versus Kramer starts out by the main character Ted coming home late from work and his wife Joanna tells him that she is leaving him. She leaves Billy (their son) with Ted‚ and goes off on her own. Ted knows next to nothing about their son Billy‚ but through the course of the movie you see him change from a working man to a loving father. There
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