Marriott Corporation The Cost of Capital Author Student Number 董晖 林桐 吴正浩 祝承懿 Shanghai Advanced Institute of Finance‚ Shanghai Jiao Tong University Table of Contents Background The hurdle rate is the required return or opportunity cost of each division and company. Only project with positive NPV discounted by hurdle rate will be invested‚ and the total return of Marriott up to all projects invested. Though there are many subjective aspects in estimation
Premium Debt Weighted average cost of capital Leverage
CHAPTER 9 PROBLEMS 2. Anle Corporation has a current price of $20‚ is expected to pay a dividend of $1 in one year‚ and its expected price right after paying that dividend is $22. a. What is Anle’s expected dividend yield? Dividend Yield = Div1 / P0 = =1/20 = 5.0% b. What is Anle’s expected capital gain rate? Capital Gain = (P1 ‐ P0) / P0 = (22 ‐ 20 ) / 20 = 10.0% c. What is Anle’s equity cost of capital? Equity Cost of Capital = Div1/P0 + (P1 ‐ P0) / P0 = 15.0% 7. Dorpac Corporation has a dividend yield of 1
Premium Stock market Investment Stock
To: Executive‚ Zoecon Corporation From: Date: Thursday‚ February 17‚ 2005 Subject: Strike Roach Ender Introduction Projected Industry Consumers Professional Projected Growth Rate of 10% annually Projected growth rate of 8% annually Projected sales of $4.4 million Projected sales of $2.7 billion Flea IGR Introduction Similar Scenario Great success of introduction of flea IGR PRECOR into PCO‚ veterinary and pet store markets. In 1980 Zoecon broke into the supermarket
Premium Marketing
take into consideration numerous factors that would otherwise but our business at risk. The following policy includes the implementation of recommendations that will keep sensitive information secure while ensuring that we remain in compliance with federal regulations all the while keeping to our business model centering on efficiency. Tracking. In order to be efficient throughout the retirement process‚ it’s imperative that we maintain a detailed tracking system. This will not only allow us to
Premium Computer Personal computer Hard disk drive
Harnischfeger Corporation • Includes in net sales products purchased from Kobe Steel. Financial Statements of certain foreign subsidiaries are included on the basis of their fiscal years ended July 31. Although this has no significant impact on net income‚ it did increased net sales by $5.4 million. • Perhaps one of the most significant accounting changes would be changing the method for depreciation expenses on plants‚ machinery and equipment – from principally accelerated methods to straight
Premium Depreciation Generally Accepted Accounting Principles Revenue
business‚ but he is debating whether to start a S corporation or a C corporation due to potential environmental factors associated with his business. He wants to maintain a limited liability and wants to avoid double taxation by paying himself a salary equal to his companies before tax earnings. He also would like to issue preferred stock to his son in the future to keep his interests in the business. He was advised by his friend to choose a C Corporation to maintain maximum flexibility in the business
Premium Corporation Business Limited liability company
The air express industry is no exception. FedEx‚ the leader in the air express industry since the late eighties‚ is also leading U.P.S. in the race to become decentralized. Airborne Express is not even in the race. In order to compete in today’s changing environment‚ Airborne Express needs to move away from its old fashioned centralized structure and form a more decentralized structure. The old fashioned structure is not the only variable that makes Airborne the follower in the air express industry
Premium Management Airline Strategic management
Why do you think companies like Dole need succession planning? I think big companies or corporations like Dole or any other companies need succession planning. “Succession planning” is a process for identifying and developing internal people with the potential to fill key leadership positions in the company. Succession planning increases the availability of experienced and capable employees that are prepares to assume these roles as they become available. Research indicates that clear objectives
Premium Management Poverty Corporation
People Should Be Allowed to Express Their Opinions There are three assiduous things that make people pursue with consecutive efforts during life times: freedom‚ justice and love. The pursuit of Freedom‚ however‚ is something invariably vital to seek. Expression freedom or freedom of speech; therefore‚ deserves more passionate pursuit. As a democratic country‚ freedom of speech is that all citizens are allowed to express their thoughts‚ opinions‚ and attitudes to the everything of their country
Premium Democracy Law Facebook
Discussion Questions:1. Using the Value Chain Analysis‚ identify the primary & support activities of AirborneExpress. First I ’m going to tell something about the primary activities of Airborne Express. The primary activities exist of inbound logistics‚ operations‚ outbound logistics‚ marketing and sales‚ and as last after-sales service. Inbound logistics: They use road and air. After the pick up‚ it goes to the major hub in Wilmington. Operations: The operations are the delivery of approximately
Premium Management Marketing Deutsche Post