free rate is 30 years T-Bond = 8.95% (Lodging use long-term debt) Market Premium is the Spread between S&P 500 and long-term US bond = 7.43% Debt rate premium above government = 1.10% Lodging’s D/A = 0.74 & Lodging’s E/A = 0.26 We use Ramada Inns‚ Inc. as the comparable to find β for Marriot’s lodging division. (E/A = 0.35‚ βE = 1.36‚ and assuming βD = 0) βu[L] = (E/A)* βE = 0.35 * 1.36 = 0.476 β[L] = [1 + (D/E) * (1-Tc)] * βu[L] = [1 + (0.74/0.26)*(0.56)] * 0.476
Premium Weighted average cost of capital Economics Finance
distinct but coexisting groups each preserving their tradition and culture but each loyal to a broader national unity. This was made apparent several times. One example was when Hatem went to kiss Naima goodbye‚ but she refused due to tradition of Ramada. This shows that Naima and any myself are part of America but preserve our own traditions. Naima’s culture is her Palestinian products‚ belief systems‚ values‚ morals‚ skills‚ literature and language. These were different from those of U.S. especially
Premium United States Immigration to the United States Spain
Regardless of the population that a clinical psychologist work with. It is imperative that they have cultural competence. Cultural competence‚ therefore‚ is an acknowledgement and incorporation of‚ on the part of clinicians and healthcare systems‚ the importance of culture‚ the assessment of cross-cultural relations‚ vigilance towards the dynamics that result from cultural differences‚ the expansion of cultural knowledge‚ and the adaptation of services to meet culturally unique needs (Kodjo‚2009)
Premium Culture Intercultural competence The Culture
Unit 1 / The Contemporary Hospitality Industry/HND in Hospitality Management LO3- Understand Recent Developments Affecting Hospitality Operational Standard Operating Procedures Purpose Benefits These are accepted best practices evolved in hospitality over the years and serve as benchmarks for customer expectation and service SOP’s help the industry to meet customer expectations and bring about consistency in operations. They also develop effective response systems to customers. 1) Quality
Premium Customer service Customer Working time
Set in the holy city of Varanasi‚ Revolution 2020 is the story of three childhood friends - Gopal‚ Raghav and Aarti. Gopal and Raghav are childhood friends‚ whereas Aarti is Gopal’s closest friend and love interest. Gopal is from a poor family‚ Raghav‚ a middle-class family‚ and Aarti’s family is from a bureaucratic and political background. The three friends hold their own ambitions in life‚ with Gopal seeking financial wealth‚ Raghav wanting global political change and Aarti aspiring to work as
Premium Love Corruption Political corruption
se | 2010 | | BUSI 640 Leigh Healey Alex Lutz November 30th | [Marriott Case Study] | Professor Triantis | 1. What is the weighted average cost of capital (WACC) for Marriott Corporation based on its target debt-equity ratio? Use a 34% tax rate. WACC = [(E/D+E) * Re] + [(D/D+E) * Rd(1-Tc)] Be = [1 + (1-Tc) d/e]*Ba 1.11 = [1+(1-.34}.41/.59]*Ba Ba = .76098 Using statistics from page four of the assigned case study: Risk Free rate (Rf) = 8.72 % (10yr rate)
Premium Weighted average cost of capital
Abstract: This case (www.mariott.com) discusses the customer-focused e-business strategy of Marriott International (Marriott)‚ a world leader in the hospitality industry. It examines the way in which Marriott focused on providing better customer service by using IT proactively and through the facilities on offer through its website. The case describes in detail the e-business strategy of Marriott that aimed at transforming it from a property-centric to customer-centric company. The benefits
Premium Marriott International Hotel Vice president
had developed into. All aspects of everyday life in Egypt have been changed and altered since Egypt’s liberation. Ahmose conducted a series of campaigns in Palestine‚ Nubia‚ Syria and sailed south through to Khent-hen-nefer in Asia. The campaign to Avaris was interrupted by an urgent rebellion in Upper Egypt at the time. A movement in Southern Palestine that took 6 years signified a warning to Palestine and Syria that an emerging new power and battalion was developing in Egypt. Ahmose’s movements are
Premium Hatshepsut Ahmose I Eighteenth dynasty of Egypt
The structures of Ramsees II Abstract Ramesses II was an Egyptian the third pharaoh of Egypt who reigned in the Nineteenth dynasty. He is the most celebrated‚ powerful and regarded as the greatest ancestor. His reign was so long that many of his subjects‚ upon his death had to panic for they had know Ramesses as the pharaoh and the world would come to and end‚ having him dead. He was a great warrior and a peace-maker. He is also regarded as the first king in history to make a peace treaty
Premium Ramesses II Ancient Egypt Egypt
Perseverance through Faith and Family into the New World The book Rain of Gold by Victor Villasenor portrays the life of his ancestors and their families from both sides of his family‚ his father‚ Juan Salvador Villasenor‚ and his mother‚ Maria Guadalupe "Lupe" Gomez. The book shows the story of his parents and their journeys to the United States across the border as undocumented immigrants from Mexico in an effort to escape the Revolution of 1910. The book depicts the differences between the two
Premium United States Mexico Family