1.0 Abstract This report aims to provide an analysis of a proposed investment in Shenzhen Development Bank (SDB) by Newbridge in 2002 and assess whether the P/B ratio of 1.6 for Newbridge to pay for its 18% stake in SDB is appropriate. The analysis of Newbridge’s acquisition of SDB’s stocks is based on several aspects of SDB’s asset quality‚ earnings capability and capital adequacy. According to price-to-book ratio of SDB’s industry peers and some acquisition precedents by foreign investors‚ Newbridge
Premium Financial ratios Ratio Financial ratio
Introduction to Key Issues Dennis Shaughnessy is the senior vice-president for corporate development and Charles River Laboratories (CRL). He prepared a presentation to the company’s board of directors which request to invest up to $2 million in a Mexican joint venture (JV). They need to decide whether to do a joint venture between ALPES and CRL. Some other issues came out at the same time‚ Jim Foster‚ the CEO viewed the proposed joint venture as a potential distraction as his company continues
Premium Revenue Earnings before interest and taxes Balance sheet
GENERAL MANAGER MUHAMMAD FARRIS BIN ABD KADIR COMPANY DESCRIPTION EXECUTIVE SUMMARY In the Fit planet company will have 34 workers which include additional employees and partners. The management team of the Fit Planet company consist of 5 executives such as General Manager and Operational Manager who have 4 years work experience‚ Marketing Executives and Administration Executives who has 5 years of experience‚ and Financial executives who has 3 years experience of works. In the wake of globalization
Premium Balance sheet Marketing Inventory
mobile‚ and telecommunication services. >> Social Media & Networking It operates through the following business groups: Corporate Development‚ Interactive Entertainment‚ Mobile Internet‚ Online Media‚ Social Network‚ and Technology and Engineering. Income Statement Evolution The company was founded by Yi Dan Chen‚ Hua Teng Ma‚ Chen Ye Xu‚ Li Qing Zeng‚ and Zhi Dong Zhang on November 23‚ 1999 and is headquartered in Shenzhen‚ China. Number of employees : 27 492 persons. Sales per Businesses 2012 HKD
Premium Earnings before interest and taxes Revenue Net income
Case Study – The golden rule and a global strategy By Andrew Paris Florida Atlantic University Middle east expansion: A risky concern? Since the attacks of September 11th occurred in the United States‚ there has been a level of social‚ environmental‚ and political unrest. This unrest is not only among individuals‚ but also among businesses worldwide and Four Seasons is not excluded from that list. Most of the scrutiny that is felt is directed at countries and more specifically
Premium Middle East Revenue Hotel
1 The following is Addison Corporation’s contribution format income statement for last month: The company has no beginning or ending inventories. A total of 20‚000 units were produced and sold last month. What is the company’s margin of safety in dollars? Answer $400‚000 $600‚000 $120‚000 $880‚000 . 10 points Question 2 The following is Addison Corporation’s contribution format income statement for last month: The company has no beginning or
Premium Contribution margin Variable cost Management accounting
Steven Kruid 005311499 Wal-Mart Case Assignment What impresses you about the company? What accounts for Wal-Mart’s success over the past 25+ years? Is it a great strategy‚ superb strategy implementation and execution‚ or great leadership? What aspects of Wal-Mart do you find unimpressive? Which of the five generic strategies is Wal-Mart employing? What are the chief elements of its strategy? The generic strategy that Wal-Mart employs is mainly a low-cost leader. This is evident by the
Premium Generally Accepted Accounting Principles Revenue Asset
Personal Income Tax‚ approved by Vietnam National Assembly XII on 21 November 2007‚ officially coming into effect on 1st‚ January 2009‚ marked the great effort of the Government in perfecting its personal income regulation policy Now 2012‚ we want to know more about the affects of this tax to labor supply and AD in VietNam. We realize that income tax is a very hot‚ real and controversial issue in Vietnam. Our aims are to provide more information about the relationship between income tax
Premium Tax Income tax Income
Case 8-29 1. a. Sales budget: April May June Quarter Budgeted sales in units 35‚000 45‚000 60‚000 140‚000 Selling price per unit × $8 × $8 × $8 × $8 Total sales $280‚000 $360‚000 $480‚000 $1‚120‚000 b. Schedule of expected cash collections: February sales $ 48‚000 $ 48‚000 March sales 112‚000 $ 56‚000 168‚000 April sales 70‚000 140‚000 $ 70‚000 280‚000 May sales 90‚000 180
Premium Balance sheet Generally Accepted Accounting Principles Liability
Waterways should buy or continue to make the small fitting. Manufacturing cost - $ 1.00 per unit Buying price - $ 0.82 per unit Fixed cost (cannot be eliminate) - $ 0.20 per unit Total unit (Small Fitting) - 460 000 units Make Buy Net Income Manufacturing Cost $460 000 $ 460 000 Purchase $377 200 $ (377 200) Fixed Cost Not Eliminated $ 92 000 $ (92 000) Total Annual Cost $ 460 000 $ 469 200 (9200) b) (1) What is Waterways opportunity cost if it choose to buy the small fitting and
Premium Costs Opportunity cost Price