MIS 49F ASSIGNMENT 2 BORDERS HOTEL CORP. CASE SOLVED BY Özgür İlker AĞIRMAN Özlem ÖNCÜ 2012 TABLE OF CONTENT BORDERS HOTEL CORP. 3 THE BHC PROJECT 3 Financing Alternatives: 3 FINANCIAL STATEMENTS 4 Balance Sheet 4 Earning Before Interest and Tax 5 Impact of Financing Options on Earnings 6 Balance Sheet – Year 1 7 EVALUATION OF ALTERNATIVES 8 Alternative 1 : 20-year mortgage 8 Alternative 2 : Common Stock Issue 8 Alternative 3 : Common Stock and Preferred Stock
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TOTAL VARIABLE COSTS $454‚000 $340‚500 $227‚000 TOTAL FIXED COSTS $1‚403‚000 $1‚403‚001 $1‚403‚002 TOTAL EXPENSE BEFORE IT $1‚857‚000 $1‚743‚501 $1‚630‚002 EBIT $1‚279‚500 $608‚874 -$61‚752 Depreciation $320‚000 $320‚001 $320‚002 EBITDA $1‚599‚500 $928‚875 $258‚250 Furnishing Interest $110‚000 $110‚000 $110‚000 20yr Mortgage Interest $182‚000 $182‚000 $182‚000 TOTAL INTEREST $292‚000 $292‚000 $292‚000 TAXES (40%) $395‚000.00 $126‚749.60 -$141‚500.80 Furnishing
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Research on the performance management of Hilton Hotels Corp in China Wang ‚Wen-Cheng Department of Business Management‚ Hwa Hsia Institute of Technology‚ Taiwan 111 Gong Jhuan Rd.‚ Chung Ho‚ Taipei‚ Taiwan‚ R.O.C Tel: 886-2-89415022 mail:wcwang@cc.hwh.edu.tw Chu‚ Ying-Chien Department of Tourism and Leisure National Penghu University‚ Taiwan 300 Liu-Ho Rd.‚ Makung city‚ Penghu‚ Taiwan‚ R.O.C Tel: 886-6-9264115 mail:verna323@npu.edu.tw Lee‚Chung-Chieh Department of Senior Citizen Service Management
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Borders and Boundaries In John Sayles movie “Lone Star” and in Silko’s article “The Border patrol State”‚ the main idea in both the readings revolve around the racial discrimination and the racism based on the ethnicity on the U.S Borders. Both the readings have the clues and evidences where the authors are challenging the conventional notions of the borders in the U.S. Silko‚ on one hand‚ sees the border patrol as a governmental assembly addicted to interrogation‚ torture‚ and the murder of those
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illegal immigration. All of these problems require one main solution which is installing a border wall in between Mexico and the USA. The border wall will be 1‚989 miles long‚ and the wall will provide many uses to the USA. In addition‚ constructing a border wall in between Mexico and the United States will help the US gain control‚ protect citizens‚ and become better neighbors. First and foremost‚ building the border wall will extremely assist the US in reaching high levels of control. The US needs to
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national security without border security. It’s not only necessary for any meaningful immigration reform; border security plays a key role in both the interdiction of illegal drugs and in defending America against terrorist threats. Weak borders allow terrorists and smugglers‚ as well as millions of illegal aliens‚ easy entrance to the United States. Unfortunately‚ it’s not at all clear our government is committed to its first responsibility: the protection of our borders. In June 2006 the federal
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Everyone knows about the problems America is facing with her borders. Even the news reminds people that more and more illegal immigrants have snuck their way into America. Many U.S citizens are outraged by these people sneaking into their country and demand that the border between the United States and Mexico should be more secure‚ but how secure is secure? Some argue that having the fence finished would fix the issue‚ but immigrants already have found a way past the fence already. So the question
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Year 11 English Unit 1 Outcome 1 - Reading and Responding Border Crossing (text response essay) This outcome is to be completed in class in one lesson. It is your responsibility to hand in all work to your teacher at the end of the lesson. You may bring in the following only: * Plastic pocket‚ dictionary‚ pens. Paper will be supplied for you. One page of hand-written‚ single side notes may be brought into the classroom. Length: 600 to 800 words. Date: Week beginning May 13th
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The Marine Corps The perspectives I have of Latin America were developed over 18 years of immersion as a local. Social awareness‚ familiarity of speech‚ understanding of issues that matter in the region vs. issues important outside of the region are second nature to me. I was born and raised in Colombia‚ and finished high school in Panama. The political environment of Colombia and Panama shaped my cultural awareness and political understanding of these two countries’ overall climate as well
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thousands of years ago. Although the Border Collie is ranked at #1 smartest breeds of dogs‚ other breeds fall on intelligence list. The top 10 smartest dog breeds. (Kane) The Border Collie was originally known as the “scotch dog.” This breed was bred to think independently and at long distances from human shepherds. They have the problem solving intelligence and strong working drive to maintain control of the flock. On the list of top 10 smartest dog breeds the Border Collie is ranked #1. The Poodle was
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