value of debt/ D+E))+ After tax rate of cost of equity(market value of equity/D+E)) Cost of Debt Floating rate debt is considered short-term debt‚ so the 1 year government interest rate is used to calculate the cost of debt for all divisions and Marriott as a whole. (6.90%). For fixed debt the long term rate would be a better estimate. We could consider the returns on 30 year Government Bonds in April 1988‚ (8.95%). Floating Debt (40%) - 6‚9% Fixed Debt (60%) - 8‚95% Total debt = 40%*6‚9% + 60%*8
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are the prime factors in corporate strategization i.e. determining the objectives of an organisation‚ its drive for profits‚ its projection for future sales as well as a protection step in preventing any losses or problems. According to Lowe and Marriott (2006‚p. 181)‚macro factors are the major trends and changes that affect all
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training‚ and the elimination of laboratory manipulation after sampling (Marriott and Gravani 2006). On the other hand‚ the disadvantages of this method are the spreading of the colonies and applicable to only limited to low levels of surface contaminants. 2.1.2 Swab Method The Swab method is among the most Reproducible Methods used to determine the population of microorganisms present on equipment or food products (Marriott and Gravani 2006). It may be used to assess the amount of contamination
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Economic Analysis of the United States Hotel Industry Background Information Our team chose the hotel industry in the United States for our economic analysis. The hotel business has existed since the earliest times‚ and has influenced the development of the economy since the founding of this country. According to the American Hotel and Lodging Association‚ in the year 1900‚ there were fewer than 10‚000 hotels in the US which provided 750‚000 to 850‚000 rooms. The 2004 figures show that
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Hilton’s suppliers The touches that make Hilton Worldwide. Their supply management professionals in corporate offices and their six regional offices negotiate and implement contracts and agreements with suppliers of products and services in three key areas – Food & Beverage (F&B)‚ Guest Rooms and Public Space‚ and Property Operations ------------------------------------------------- Food & Beverage Hilton Supply Management works closely with national and regional food and beverage
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Hiring temporary foreign workers has positive and negative aspects. On the positive side‚ employers can find solution for workload fluctuations such as maternity and disability leave‚ vacation‚ special projects‚ seasonal periods‚ and employee shortages. In addition‚ temporary foreign workers can bring diversity to an organization‚ which can lead to diverse skills‚ an extensive range of connections in the community‚ new knowledge and different points of view (Work BC‚ n.d.). On the negative side‚
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victim’s rear vehicle passenger window with an unknown object‚ and stealing items from inside‚ in violation of PC 459(a)-Vehicle Burglary. LOCATION: This incident occurred on level 3C of the parking garage in the southwest portion of the Courtyard Marriott located at 180 N. Fair Oaks Avenue. EVIDENCE: I took photos of the victim’s vehicle‚ which were later uploaded into VeriPic (see attached photos). LOSS: • A pink Guess wallet‚ worth $45.00‚ which contained miscellaneous credit cards (Wells Fargo
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ECON 3305 Managerial Economics Homework 1 The homework covers Ch 1~3. It has to be your individual work. Copying answer from others will violate ACADEMIC HONESTY policy to cause a failing grade. For each question‚ please show the necessary derivation (if applicable) and highlight the answer. Limit your answers within 5 pages. No cover sheet is required. Q1: Ch 1 (15%) At the beginning of the year‚ an audio engineer quit his job and gave up a salary of $ 175‚000 per year in order to start
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when it comes to hospitality & tourism marketing? Marriott‟s Expectations & Responsibilities “Everyday‚ we welcome guests‚ conduct business and make decisions on behalf of Marriott Everyday we are confronted with situations that test our values‚ our beliefs and our judgement It is important for each of us to understand our legal and ethical responsibilities so we can make the right decisions everyday”. Ethical Policies – Marriott‟s Business Conduct Guide Has the Following Sections:
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people‚ in the context of daily life as the anthropologist sees it happen’ (1956). An important early contribution to the study of great and little traditions came from Redfield’s protégé McKim Marriott (1955) who contrasted Indian village religion with the Sanskritic textual tradition of *Hinduism. Marriott observed that fifteen of the nineteen village festivals celebrated in the village were sanctioned by at least one Sanskrit text. To explain the interaction between little and great traditions he
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