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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Profile of the Industry Overview The textile manufacturing sector includes companies engaged in various textile products such as yarn‚ thread‚ twine‚ and knit fabrics‚ textile dying‚ coating‚ and waterproofing. Finished textile products include apparel‚ leather‚ curtains and drapes‚ canvas sheeting‚ and other fabric items. Pakistan exports are high dependent on the textile industry. Pakistan has become one of the leading cotton producing country. Size‚ concentration‚ structure Pakistan is
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Political- Relates to changes in government influence and can have huge significance for companies. Changes in the priorities for public spending or the UK ’s relationships with other countries can open or close major markets. Political changes are closely tied up with legal changes. Laws are continually being updated in a wide range of areas‚ e.g. consumer protection legislation‚ environmental legislation‚ health & safety and employment law‚ etc. Employees should be notified of all legislation
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COMPANY BACKGROUND Etihad Airways is the national airline of the United Arab Emirates‚ with its base and hub being in the nation’s capital city‚ Abu Dhabi. Established in 2003 by Royal (Emiri) Decree‚ Etihad Airways is owned and supported by the Government of Abu Dhabi. The Skytrax 5 – star certified airline ranks among one of the top airlines both regionally and globally‚ in just a short period of time. It is one of the five primary divisions that the esteemed Etihad Aviation Group (EAG) is comprised
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Political: In the next few years‚ China is saying that they are going to be investing billions of dollars into Hybrid technology. Honda is a automobile company who is well known for developing ad researching hybrid technology. They have been on the forefront of this new technology and for this reason they will be a top choice for this new hybrid technology. They will need to show the Chinese government that their technology is worth investing in. If they manage to do this‚ they will be bale to
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al-Khwārizmī‚ in full Muḥammad ibn Mūsā al-Khwārizmī (born c. 780‚ Baghdad‚ Iraq—died c. 850)‚ )‚ Muslim mathematician and astronomer whose major works introduced Hindu-Arabic numerals and the concepts of algebra into European mathematics. Latinized versions of his name and of his most famous book title live on in the terms algorithm and algebra. Images Al-Khwārizmī lived in Baghdad‚ where he worked at the “House of Wisdom” (Dār al-Ḥikma) under the caliphate of al-Maʾmūn. (The House
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The first time I took a step into the Boys and Girls club room during my sophomore year‚ all I saw was a vast amount of people working on school assignments‚ I was very scared to come inside because I had a fear that I was going to be judge based on my religion and my cultural identity‚ which are qualities that have always been important to me. When I first came in I sat down with my friend Carla and we were working on a math assignment‚ The club was situated in the library that day‚ it wasn’t loud
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The Breakfast Club is a film about four different students-Allison‚ Claire‚ Andrew‚ John‚ and Brian - who come from different backgrounds and are serving a Saturday detention. After they get comfortable with one another’s presence‚ they all share their personal stories. Principal Vernon‚ who is powerful and strict‚ gives the students’ directions in order to write an essay describing who they think they are. The movie centers around the social divisions between high school students‚ labels that students
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change the meaning of these words. Words such as “gang” and “club” have evolved‚ and since evolving one has arose as a positive word and the other a negative. These changes in connotations develop when an event becomes significant enough to be a part of the media and become ingrained in history. Then from then on these words cannot ever go back to meaning anything different because of a popular following and spreading. Both “gang” and “club’ are defined as an association or organization interested
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Vacation in Turkey When planning to vacation abroad always prepare very well. That is what I thought I did when I was going to my vacation to Turkey in August 2007. I was going over there with Russian girl I met online. We met online in 2002‚ when I was out of work and not in best of mood because of it. Her name was Olga. I liked that she felt compassionate about my situation. Then when we talked more‚ I found out that we have a lot in common. We both thought that people supposed to help each other
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