Pfizer Inc.’S Cost of Capital and Capital structure - Xiaoyue Shi The costs of capital and capital structures for Pfizer Inc. and its two competitors Merck & Co. Inc. and Johnson & Johnson in the pharmaceutical industry are analyzed in this memo. When calculating the cost of common stock for the three companies‚ three different approaches including Capital Asset Pricing Model (CAPM)‚ Discounted Cash Flow (DCF) and the bond yield plus risk premium are applied (Appendix A). For CAPM approach
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April 11‚ 2012 Marriot Corporation: The Cost of Capital Background: Marriot Corporation began in 1927 with J. Willard Marriot’s root beer stand. Over the next 60 years‚ the company grew into one of the leading lodging and food service companies in the United States. Marriot has three major lines of business: lodging‚ contract services‚ and restaurants. Lodging operations included 361 hotels‚ with over 100‚000 rooms that generated 41% of sales in 1987 and 51% of profits. Contract services
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3-22‚ identifying product and period costs a. Transportation-in- product costs b. Insurance on the office building- period costs c. Office supplies- period costs d. Costs incurred to improve the quality of goods available for sale. Product costs e. Good purchased
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Temperate forests correspond to forest concentrations formed in the northern and southern hemisphere‚ or in temperate regions. Main characteristics include: wide leaves‚ large and tall trees and non seasonal vegetation. Temperate forests can be further distinguished by weatherpatterns and geographical features that favor the predominance of certain kinds of trees. In temperate coniferous forests‚ evergreen coniferspredominate‚ while in temperate broadleaf and mixed forests‚ a more even distribution
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Chapter 9 Cost of Capital 1. What is the WACC? a. Weighted Average Cost of Capital- most firms employ different types of capital‚ and because of their differences in risk‚ the difference securities have different required rates of return. Typically=debt‚ preferred stock and common equity. 2. What precautions must we take when measuring the WACC to use for capital budgeting decisions (future investment)? b. The company’s current and recent past book and market value structures
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Introduction A forest is a complex ecosystem which is predominantly composed of trees‚ shrubs and is usually a closed canopy. Forests are storehouses of a large variety of life forms such as plants‚ mammals‚ birds‚ insects and reptiles etc. Also the forests have abundant microorganisms and fungi‚ which do the important work of decomposing dead organic matter thereby enriching the soil. Nearly 4billion hectares of forest cover the earth’s surface‚ roughly 30 percent of its total land area.The forest ecosystem
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Forest This article is about a community of trees. For other uses‚ see Forest (disambiguation). | This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. (August 2011) | A conifer forest in the Swiss Alps (National Park) Mixed deciduous forest in Stara Planina‚ Serbia A forest‚ also referred to as a wood or the woods‚ is an area with a high density of trees. As
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sequence. There are normally both ecological and economic interactions between woody and non-woody components in agroforestry. In agroforestry systems‚ trees or shrubs are intentionally used within agricultural systems‚ or non-timber forest products are cultured in forest settings. Knowledge‚ careful selection of species and good management of trees and crops are needed to optimize the production and positive effects within the system and to minimize negative competitive effects. In some areas‚ a
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Northern Tool Northern Tool began as a catalog business‚ but soon grew to store locations in 19 states. Offering a wide variety of products‚ Northern Tool focuses its business on the home improvement and offers its brands to homeowners‚ builders‚ and large businesses. Whether you are a homeowner looking for a pressure washer or an industrial-sized business in need of air compressors‚ Northern Tool will have what you need to get the job done. From generators and power tools to trailers and towing
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Forests form an important part of the wealth of a country; and in India‚ the preservation of the forests is so important that it has long been taken over by the Government‚ and is in charge of the Government Forests Department. Forests have a great influence upon climate; for they attract rain and preserve moisture an important matter in a dry country like India. The leaves of a tree are always giving off moisture; and this constant evaporation cools the surrounding atmosphere. In consequence‚
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