IBM Corp Mission Possible Antwan Buie‚ Regina Hailey‚ Cassandra Hayden‚ Valerie Wilson Shorter University Introduction International Business Machines (IBM) Corporation is a worldwide supplier of advanced information processing technology‚ communication systems‚ services‚ and program products (IBM‚ 2012). The company creates business value for clients and solves business problems through integrated solutions that leverage information technology and deep knowledge of business processes.
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Harvard Business School 9-289-047 Rev. April 1‚ 1998 Marriott Corporation: The Cost of Capital (Abridged) In April 1988‚ Dan Cohrs‚ vice president of project finance at the Marriott Corporation‚ was preparing his annual recommendations for the hurdle rates at each of the firm’s three divisions.部门 要求报酬率 Investment projects at Marriott were selected by discounting the appropriate cash flows by the appropriate hurdle rate for each division. In 1987‚ Marriott’s sales grew by 24% and its return on equity
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Polluter Corp. Polluter Corp. is a company that operates three plants in the United States. They make different cleaning products which are sold to customers. The U.S. government sells or gives out emissions allowances to companies‚ including Polluter Corp.‚ which determines a set amount of pollutants and greenhouse gases a company can let into the environment. These are given out to help discourage pollution by companies. “EA’s” are assigned a year that a company can use in‚ and they also
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Capital Structure Decisions: Which Factors Are Reliably Important? Murray Z. Frank and Vidhan K. Goyal∗ This paper examines the relative importance of many factors in the capital structure decisions of publicly traded American firms from 1950 to 2003. The most reliable factors for explaining market leverage are: median industry leverage (+ effect on leverage)‚ market-to-book assets ratio (−)‚ tangibility (+)‚ profits (−)‚ log of assets (+)‚ and expected inflation (+). In addition‚ we find
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product development. The case states that AES believes their competitive advantage is a result of its "agility or speed and its ability to commit to corporate equity and to arrange complex financial transactions." Structure AES is operating in a network structure. In this structure‚ employees form groups to solve problems and achieve common objectives. Employees may volunteer for task forces‚ without any formal credentials‚ because they are interested in a particular subject or want to set effective
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and Economics Available online at www.managementjournal.info RESEARCH ARTICLE An Empirical Analysis of Capital Structure on Firms’ Performance in Nigeria Taiwo Adewale Muritala* Department of Economics and Financial Studies‚ Fountain University Osogbo‚ Osun State‚ Nigeria. *Correspondence E-mail: muritaiwo@yahoo.com Abstract This paper examines the optimum level of capital structure through which a firm can increase its financial performance using annual data of ten firms spanning a five-year
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Análisis Caso Marriott Corporation: Costo de Capital En el caso se plantea que Marriott utiliza cuatro elementos en su Estrategia Financiera las cuales apuntan a un crecimiento objetivo. Por lo que‚ se pregunta‚ ¿Son consistentes estos elementos con su crecimiento objetivo?‚ y para ello se realiza el siguiente análisis. I. Análisis de los Elementos de Estrategia Financiera: Primero debemos identificar que el alto crecimiento que busca Marriott es igual a maximizar el valor de la empresa y para
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Case Study: Purinex‚ Inc. Introduction The case asks for evaluation of different financing options. Gilad Harpaz is Purinex’s CFO and he needs to determine which one from the three options provides lowest risk‚ highest company value‚ and short term cash for operations. Purinex is a biotechnological company that has 35 patents pending in pharmaceutical field. It is one of the raising stars that may develop new drug for specific use in diabetes and sepsis. Company has 14 employees. Monthly burden
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been using 9.30% as their hurdle rate‚ and as a result the firm’s share prices are sluggish. Their price-to-earnings ratio is also below investor’s expectation in comparison to the company’s risk. With nearly $2 billion being invested in upcoming capital projects‚ the discount rate to be used within the firm (1) needs to be more accurate‚ (2) account for risk‚ and (3) not destroy shareholder’s value. The hurdle rate set at 9.3% is derived from using the WACC. In 2004‚ Telecommunications Services
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DATE: December 7‚ 2012 TO: Polluter Corp. FROM: SUBJECT: Emissions Allowances Facts: Polluter Corp‚ has recently spent $3 million to purchase emission allowances‚ with a vintage year of 2012‚ in order to meet the need for additional EAs in the fiscal years 2010-2014. They will also need to sell EAs‚ with a vintage year of 2016‚ in order to offset the costs of the purchase. It is to my understanding that the need for EAs arose because of the significant amount of greenhouse gases emitted by
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