The keys to the company’s future value and growth are profitability (ROE) and the reinvestment of retained earnings. Retained earnings are determined by dividend payout. The spreadsheet sets ROE at 15% for the five years from 2006 to 2010. If Reeby Sports will lose its competitive edge by 2011‚ then it cannot continue earning more than its 10% cost of capital. Therefore ROE is reduced to 10% starting in 2011. The payout ratio is set at .30 from 2006 onwards. Notice that the long-term growth rate
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Question #01 Q # 1. What is international marketing? How it is different from domestic marketing? International marketing: International marketing involves recognizing that people all over the world have different needs. Companies like Gillette‚ Coca-Cola‚ BIC‚ and Cadbury Schweppes have brands that are recognized across the globe. While many of the products that these businesses sell are targeted at a global audience using a consistent marketing mix‚ it is also necessary to understand
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What is the weighted average cost of capital (WACC) for Marriott Corporation? WACC = (1 - τ)rD(D/V) + rE(E/V) D = market value of debt E = market value of equity V = value of the firm = D + E rD = pretax cost of debt rE = after tax cost of debt τ = tax rate = 175.9/398.9 = 44% Cost of Equity Target debt ratio is 60%; actual is 41% [Exhibit 1] βs = 1.11 βu = βs / (1 + (1 – τ) D/E) = 1.11/(1 + (1 – .44) (.41)) = 0.80 Using the target debt ratio of 60%: βTs = βu (1 + (1 – τ) D/E)
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Gold Penny Lab Purpose: The purpose of this lab is to convert a regular penny into a “gold” penny. Background: Chemistry is a branch of physical science that studies the composition‚ properties and behavior of matter (www.acs.org). Sodium hydroxide is considered to be a strong base because it breaks up in water. When mixed with certain metals it produces potentially explosive hydrogen gas. Many alchemists believed that doing certain chemical reactions that they would be able
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As Johnny had said to Ponyboy “stay gold” which refers to when Ponyboy recites the poem “Nothing gold can stay” to Johnny in the church. The qualities that I feel allow me to stay gold were passed down to me at a young age. The strength and values being passed down from generation to generation feel as though they have grown stronger with time. My golden qualities are that I’m honorable‚ I’m ethical‚ and a nurturer. Honor means to stand up in what you believe in. I believe standing up for God‚ my
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change our values‚ perceptions‚ attitudes‚ etc. Through this development‚ a sense of vulnerability and fear grows within us and we are forced to deal with on our own. The novel Olive Kitteridge by Elizabeth Strout embodies this essential theme to portray the complexity of human nature thorough the life of the main character‚ Olive Kitteridge. In the beginning of the novel‚ Olive’s flawed character is recognized by her own husband‚ Henry‚ and other people living in the town of Crosby. The series of stories
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Usually most people believe‚ gold ore are golden‚ it is not true‚ the gold ore is black‚ mainly to see the gold content of ore‚ usually gold content per ton of gold ore can reach 2-3 g‚ here today for you to uncover gold ore into gold brick. Gold ore into the crusher two large stones will be turned into gravel-sized‚ and then transmitted to the powder ore bin‚ will be screened out of the stone into the crusher(crusher)‚ broken transported by conveyor belt to transfer positions ‚ and then round the
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Clare Rapeseed Oil Ltd wishes to launch a new value-add product to the Irish food market. Golden Rapeseed Oil with added vitamin D is fortified cooking oil which has been enriched with vitamin D an essential micronutrient. This product is available to purchase in the main Irish supermarkets at €4.75 (€0.95 per 100ml) in 500ml plastic bottles. Value-Add Being Proposed: Rapeseed oil is a natural source of essential polyunsaturated fatty acids omega 3‚ 6 and 9 (1). These fatty acids lower cholesterol
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The first similarities between the authors of the readings are the explorer’s three main goals‚ Gold‚ Gold‚ and Glory. To achieve more wealth‚ the explorers‚ who discovered a new land that was already occupied by the natives‚ strived to gather gold‚ so that they would be able to carry it back to their country. As well as this‚ expanding the Christian traditions and sharing their beliefs of God was the next thing on their agenda. Conversion of Native Americans was not a simple task for the new settlers
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GOLD RUSH‚ THE IMPACT OF MINING ON POOR PEOPLE INTRODUCTION 1. Ghana has been blessed with a lot of minerals including gold‚ diamond and bauxite. These have been mined over the years in various ways for the development of the country. Ghana’s huge mineral wealth is well known as the country is ranked ninth in the world for recognised gold deposits. 2. We often hear on news the death of illegal miners caused by a collapse cave or them being buried alive in collapse pits. Lands of
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