1. How does Marriott use its estimate of its cost of capital? Does this make sense? Marriott has defined a clear financial strategy containing four elements. To determine the cost of capital‚ which also acted as hurdle rate for investment decision‚ cost of capital estimates were generated from each of the three business divisions; lodging‚ contract services and restaurants. Each division estimates its cost of capital based on: Debt Capacity Cost of Debt Cost of Equity All of the above are
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Question 6 What is the cost of capital for the lodging and restaurant divisions of Marriott? Answer: The cost of capital for lodging is 9.2% and the cost of capital for restaurants is 13.1% Calculation: WACC = (1-t) * rd * (D/V) + re* (E/V) Where: D= market value of DEBT re = aftertax cost of equity E = market value of EQUITY V = D+E rd = pretax cost of debt t = tax rate To calculate the formula above‚ we need to determine each component Tax rate (t) 56% --> calculated before LODGING
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cellphone Remote audience – they get the material secondhand‚ (ex. They read the speech‚ hear from those who heard the speech) 3. Message – It includes both verbal and nonverbal signals. Your message should have a purpose. 4 . Noise – it is anything that distorts message and prevents the listeners from receiving the message as you intended it to be received. *Signal – refers to information that is useful to you; information that you want a. Physical – others talking loudly
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Marriott International‚ Inc. is a widely recognized and diversified global lodging firm which engages in the franchise and operation of hotels‚ timeshare properties‚ and housing properties. It operates through the following business segments: North American Limited-Service; North American Full-Service; and International. The firm operates hotels the management model‚ franchise model‚ and the leased and owned model. The company operates 16 brands that cover full-service‚ extended-stay hotels‚ and
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John Willard Marriott September 17‚ 1900 – August 13‚ 1985 Born on September 17‚ 1900 in Marriott Settlement‚ Utah‚ as the eldest son of a poor farmer‚ J.W. Marriott was said to have learned to ride a horse before he could walk. Early in his upbringing‚ Marriott was held to a very strict and high standard of conduct from his father. His father also gave him responsibility at an early age making him a sheepherder on the farm to help his family. At the age of 19‚ he preached the gospel as a Mormon
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schools there is a catholic school called Saint Angela Merici‚ which also added to the busyness of people and traffic from school buses and cars. After the catholic school then it’s my school PS. 35. Finally next to my school there is a junior high school 166 Roberto Clemente School within in the next block of Ps 35x. With the courthouse and the massive amount of schools that area is extremely crowded every day.
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Assess antitrust and associationalism as distinctive sets of regulatory principles. Compare and contrast these principles as they signify fundamental attitudes toward private business‚ the market‚ and government intervention. Drawing broadly from the course materials‚ critically discuss the strengths and weaknesses of each approach as a means for securing more public‐regarding behavior on the part of U.S. business. Anti Trust a. common law principles of business regulation prior to modern
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E&C written report (first term) Group members: 3W Kary Cheng (7) Jennifer Ho (14) Sze Ka Hei (21) Silvia Tse (28) Kitty Wong (35） Introduction: Our target company for this report is the Mahindra & Mahindra Limited (the M&M’s). This company is a very successful and well known brand of chocolate around the world due to it’s unique marketing strategies
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Marriott Case 1. What is the WACC for Marriott Corporation? Cost of Debt Tax Rate We determined this number by taking income taxes paid/EBITDA = 175.9/398.9 = 44.1% Return on debt There are two clear components of debt: fixed and floating. In order to get the fixed debt rate we took the interest rates on fixed-rate government securities and added the premium
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7 Ps of Services Marketing Marketing services is different from marketing goods‚ and the marketing tools and practices developed for goods marketing are often not directly transferable to the marketing of services. There are several major differences‚ including: * The buyer purchases are intangible * The service may be based on the reputation of a single person * It’s more difficult to compare the quality of similar services * The buyer cannot return the service 7 P’s product
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