The keys to the company’s future value and growth are profitability (ROE) and the reinvestment of retained earnings. Retained earnings are determined by dividend payout. The spreadsheet sets ROE at 15% for the five years from 2006 to 2010. If Reeby Sports will lose its competitive edge by 2011‚ then it cannot continue earning more than its 10% cost of capital. Therefore ROE is reduced to 10% starting in 2011. The payout ratio is set at .30 from 2006 onwards. Notice that the long-term growth rate
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Question #01 Q # 1. What is international marketing? How it is different from domestic marketing? International marketing: International marketing involves recognizing that people all over the world have different needs. Companies like Gillette‚ Coca-Cola‚ BIC‚ and Cadbury Schweppes have brands that are recognized across the globe. While many of the products that these businesses sell are targeted at a global audience using a consistent marketing mix‚ it is also necessary to understand
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What is the weighted average cost of capital (WACC) for Marriott Corporation? WACC = (1 - τ)rD(D/V) + rE(E/V) D = market value of debt E = market value of equity V = value of the firm = D + E rD = pretax cost of debt rE = after tax cost of debt τ = tax rate = 175.9/398.9 = 44% Cost of Equity Target debt ratio is 60%; actual is 41% [Exhibit 1] βs = 1.11 βu = βs / (1 + (1 – τ) D/E) = 1.11/(1 + (1 – .44) (.41)) = 0.80 Using the target debt ratio of 60%: βTs = βu (1 + (1 – τ) D/E)
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*Microsoft’s Financial Reporting Strategy 1. What are the factors that likely explain the difference between Microsoft’s market value of equity and its reported book value of equity? The most obvious reason for the difference between the market value of equity and the book value of equity is the inability to record certain intangible assets such as brand value‚ customer loyalty‚ and perhaps most importantly‚ human capital. These intangible assets are likely to provide tremendous earnings
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Capturing Mobile Phone Usage: Research Methods for Mobile Studies Carolyn Y. Wei Google weicar@google.com Abstract The small form factor and constant presence of mobile phones create unique challenges to the study of their use. Mobile phone use can be difficult for outsiders to observe because of the intimate nature of the devices. Mobile use can also be multimodal (voice and text)‚ further complicating data collection. The mobility and multitasking that are facilitated with the device pose logistical
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A Case of Mistaken Identity It was a nice and peacefull night in Miami‚ Thomas was driving his car along a quiet country road with his friends Paul‚ John and Stewart. Paul’s arm was in a sling as he had broken it a few weeks ago. They were driving to the Pauls home which was a few hours away. The quiet drive suddenly turned into a nightmare when a car with three men in it overtook them. The man at the back seat appared to have a gun and pointed it Thomas and motioned him to stop. Horrified‚ Thomas
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1. What is the intended role of each of the institutions and intermediaries discussed in the case for the effective functioning of capital markets? In an effective functioning of capital markets‚ the institution and intermediaries help investors and companies to make decisions. This is because they do not have enough information or infrastructure to know how the capital markets work. In details‚ here are the examples of role of players in the institutions and intermediaries. Venture capitalist:
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BMC-III PAPER-II (EDITING) CONTENT No. Lesson Writer Vetter 01 Editing- An Introduction Sh. M. R. Patra Sh. S. K. Singh 02 Principles of Editing Sh. M. R. Patra Sh. S. K. Singh 03 Qualities of Editorial Staff Sh. M. R. Patra Sh. S. K. Singh 04 Responsibilities of Editorial Staff Sh. M. R. Patra Sh. S. K. Singh 05 News Room & News Desk Sh. M. R. Patra Sh. S. K. Singh 06 Editing Process Sh. M. R. Patra Sh
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Communication Theories Match the communication theories with their descriptions by placing the letter of the description in the blank. 1. ____ Social penetration theory 2. ____ Communication accommodation theory 3. ____ Spiral of silence theory 4. ____ Relational dialectics theory 5. ____ Rhetoric/dramatism/narrative paradigm 6. ____ Muted group theory 7. _____ Communication privacy management theory 8. _____ Organizational culture theory 9. _____ Agenda-setting
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Q.1 Describe Any Situation In Your Experience Where The Communication Went Wrong. Analyze The Situation By Pointing Out The Type Of Barrier To Communication And Suggest How To Overcome This Barrier. [10 Marks]. Answer- Once I had gone to visit a friend in the next town which is along a major highway and stretched about 100km. He asked me to a light at the second bus stop in the town. When the bus I took got closer to the town‚ I informed the bus conductor where I will alight. He gave a node amidst
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