Additional Accounting Guidance Recoverability Test and Calculation of Impairment Loss Alternative Analysis Summary and Recommendations Appendix Operates one cruise ship that is financed with nonrecourse debt. Decline of 30% in cash flow due to presence of pirates. Financial position as of December 31‚ 2010 ($ in millions) • • • • • Cruise Ship Estimated Fair Value Net Book Value Net Carrying Value Nonrecourse Debt Net Working Capital (Directly Attributable) Remaining Useful Life of Asset $3.0
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Carnival Cruise Lines (from Lesson 1) 1. What global forces have contributed to the growth of the cruise-line industry? Some changes in the global environment were favorable to the cruise-line industry. For example‚ more ports are available to a mass market thereby increasing cruise-line industry’s destination offers. Safety precautions have also improved globally‚ adding onto the attractiveness of going on cruises as a vacation for families. As the world becomes more developed‚ cruise-line companies
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STRENGTHS * Owning of cruise brands‚ tour companies‚ hotels * Forms of entertainment * Competitiveness of the corporation | WEAKNESSES * Safety and security * Environmental safety practices * Overtime pay issue | OPPORTUNITIES * Population * Economy | THREATS * Hurricanes * Lawsuits against the corporation * Competitors | Carnival Corporation & plc was a global cruise company and one of the largest vacation companies in the world. Owning of cruise brands‚ tour companies
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Tom Tom Case Strengths Technology‚ large customer base‚ distribution power‚ & prominent brand image. Vision is to improve people’s lives. Vision has helped company be a market leader. Advances in better maps by maintaining high quality map data base that is constantly kept up to date by large community of active users who provide corrections‚ verifications and updates to Tom Tom. Has world’s largest historical speed profile data base. Has unique real time traffic information service which provides
Free Automotive navigation system Mobile phone First-mover advantage
Case study carnival cruise lines:exploiting a sea of global opportunity Background Q&A Take Home Messsage What global forces have contributed to the growth of the cruise-line industry? the change in the competitive environment brought about by the advent of transoceanic airline service increasing discretionary incomes 2\What specific steps have Carnival Cruise Lines taken to benefit from global social changes? : Carnival has adopted many measures as follows Institude very strict security
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The cruise industry is currently going through a period of rapid growth and change. In the past‚ cruising was seen as the preserve of the elderly‚ rich and famous. Today the number of cruise passengers is growing steadily and the industry has introduced products aimed at a wide range of customers‚ including families‚ young people and groups. Prices for many cruise products have fallen as the major tour operators have entered the market. Latest figures from the Passenger Shipping Association (PSA)
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Assignment Title: Tourism Impacts on New Cruise Terminal at Kai Tak TABLE OF CONTENTS 1. Introduction 2. Background 3. Analysis 4. Conclusion 5. References Introduction Hong Kong in Chinese literally translates into “Fragrant Harbour”. Victoria Harbour is the heart and soul of Hong Kong‚ which is famous as being one of the world’s greatest commercial and trading centres. Its natural harbour is capable to support even the largest ships because of its natural depth
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Carnival Cruise Lines Strategic Audit Group 2: Michael Kenlan Karen Maxwell Brian McKearney Tara Murphy Zach Smith MIE 480‚ Spring 2010 North Carolina State University Table of Contents Table of Contents i Executive Summary 1 Introduction 2 External Enviornment anaylsis 3 Porters Five Forces 3 Rivalry among Firms 3 Buyers 3 Substitutes 4 Suppliers 4 Other Stakeholders 4 Internal Environment Analysis 4 Carnival Cruise Line Business Model and Strategy
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cruising on different countries. Some can have a great affect on the ship and the area where the ship docks‚ others can have a negative affect on the cruise area itself and the people who live in and around the ports of call. The first positive impact which I am going to talk about is there are more jobs created by having a port where a big cruise ship comes into. Jobs will be available: • Servicing the port and ship • Jobs in construction – up-dating port facilities‚ ship building and
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Waters Ahead Smooth Sailing is a private company that operates one cruise ship. Smooth Sailing’s purchase of the cruise ship was financed with nonrecourse debt. (Nonrecourse debt is a loan that is secured by a pledge of collateral‚ in this case the cruise ship‚ but for which the borrower is not personally liable. If the borrower defaults‚ the lender can seize the collateral‚ but the lender’s recovery is limited to the collateral.) The cruise ship has its own identifiable cash flows that are largely independent
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