In “Diversity Challenges-What Would You Do?” (Learning Communications‚ 2009)‚ an organization interviewed prospective employee Felix. While Felix immediately hit it off with the human resources associate‚ it soon became apparent that he was not accustomed to the level of diversity in the organization. His overt shock and multicultural leadership in addition to his nonverbal response to various other diversity characteristics present in the workforce indicated that Felix had an issue with working
Premium Employment Discrimination Sociology
company continued to remain profitable despite a harsh economic climate. Pepsi marketed its products to virtually everyone‚ young and old‚ but they often utilized creative marketing tactics to entice new customers to try their products. In the mid 1940’s Pepsi began a marketing campaign to gain more popularity with African American customers whom the company decided where not getting adequate attention with regards to marketing and advertising. PepsiCo today now has interests in many different brands
Premium Coca-Cola
finance at Marriott Corporation‚ is preparing his annual recommendations for the hurdle rates for each of Marriott’s three divisions: lodging‚ contract services‚ and restaurants. However‚ this is a complicated process because finding beta‚ cost of debt‚ and cost of equity in order to find weighted average cost of capital‚ or WACC‚ must be calculated using proxy firms and divisional data. The firm’s use of WACC is directed towards analysis of the company’s future capital investments. Specifically
Premium Weighted average cost of capital Finance
Marriot Case Brief 1. What is the weighted Average Cost of Capital for Marriot Corporation? WACC for Marriott Corp is 11.89 WACC of divisions: Lodging 10.29‚ Restaurant 13.49‚ Contract Services 13.615 a) What risk-free rate and the risk premium did you use to calculate the cost of equity? We used 8.95% as the risk free rate (LT Government Debt) and the MRP we used was 7.43%‚ which means are expected market return is 8.95+7.43=16.38% b) How did you measure Marriott’s cost of debt? We added
Free Arithmetic mean Average Weighted average cost of capital
the following equation: [$80 annuity factor(r‚ 19 years)] + [$1‚000/(1 + r)19] = $1‚050 Using a financial calculator‚ enter: n = 19‚ FV = 1000‚ PV = (-)1050‚ PMT = 90‚ and then compute i = 7.50% Therefore‚ the after-tax cost of debt is: 7.50% (1 – 0.35) = 4.88% 2. r = DIV/P0 = $4/$40 = 0.10 = 10% 3. = [0.3 7.50% (1 – 0.35)] + [0.2 10%] + [0.5 12.0%] = 9.46% 4. 5. The total value of the firm is $80 million. The weights for each security class are as follows: Debt: D/V =
Premium Stock Finance Net present value
dawood Instructor’s name dawood If you could be anything you wanted‚ what would you be and why? It is a truth that every thing in the world has its specific energy and symbolic meaning as well as some things occupy a significant place in human hearts. So‚ answering the question what I could be having an opportunity to change the appearance and material body‚ I would become a tree. There are many reasons for such a choice‚ and explaining these reasons I would like to dwell on some of them with
Premium Soul Religion Mind
was also an era of civil unrest. The cultural advancements and diverse social landscapes of the 1920s were shaping a new society that threatened old ideals and exacerbated cultural conflict from those who so desperately wanted to cling to a set of values that were becoming obsolete in the new social climate. In the decades preceding the twenties‚ the Great Migration began and nearly six million African Americans moved from the South to the North. During the 1920s‚ African Americans had taken on prominent
Premium Roaring Twenties United States World War II
13% of sales in 1987 respectively. Marriott is determined to develop and to enhance its position in each division and remain a premier growth company as stated in the annual report (1987). This key objective implies to become the most profitable company‚ be the preferred provider as well as preferred employer. Analysis the four key elements of Marriott’s financial strategy we arrive at the following conclusion: a) Managing rather than owning hotels assets‚ Marriott can become more focused on its core
Premium Rate of return Finance Weighted average cost of capital
Harvard Business School 9-289-047 Rev. April 1‚ 1998 Marriott Corporation: The Cost of Capital (Abridged) In April 1988‚ Dan Cohrs‚ vice president of project finance at the Marriott Corporation‚ was preparing his annual recommendations for the hurdle rates at each of the firm’s three divisions.部门 要求报酬率 Investment projects at Marriott were selected by discounting the appropriate cash flows by the appropriate hurdle rate for each division. In 1987‚ Marriott’s sales grew by 24% and its return on equity
Premium Weighted average cost of capital Interest Marriott International
DISADVANTAGES | APV | | | Approach is to analyze financial maneuvers separately and then add their value to that of the business. | APV always works when WACC does‚ and sometimes when WACC doesn’t‚ because it requires fewer restrictive assumptions | Some limitations amount to technicalities‚ which are much more interesting to academics than to managers. | | Less Prone to serious errors than WACC. | Income from stocks- as opposed to bonds- may be taxed differently when the investor files a personal
Premium Finance Tax Corporate finance