East Coast Yachts Company Case Study Group 4 Julie Ciarlante Mary Kathryn LoConte Ivy Perez David Zhu East Coast Yachts Background • ECY started in 2002 as a Limited Liability Company (LLC) with the mission of creating custom‚ high performance yachts for the pleasure sailor. • A commitment to safety‚ reliability and customer satisfaction helped the company grow steadily for the first seven years in business. • In 2009‚ the economic downturn and credit crunch hit the boat industry
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Analyze company cash flows East Coast Yachts has a strong operating cash flow highlighted by strong earnings before interest and taxes of $88‚416‚000. With the addition of $20‚160‚000 in depreciation and subtraction of $30‚921‚000 in taxes‚ they managed an operating cash flow of $77‚654‚400. East Coast Yachts appears to be in or approaching a growth mode with their capital spending on fixed assets increasing by $60‚000‚000 during the fiscal year. However‚ they made the wise move of reducing
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Assignment 1-6 Worksheet 1. Read the closing case “Ratios and Financial Planning at East Coast Yachts” in chapter 3 of your textbook. 2. Based on the information provided‚ answer the questions below: Part I: A. Calculate the following ratios for East Coast Yachts and compare them to those for the industry: Liquidity or Short-Term Solvency Ratios Calculate and compare to industry ratios: East Coast Yachts Lower Quartile Median Upper Quartile Positive‚ Negative‚ or Neutral Relative
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The same cannot be said for How Many Miles to Babylon‚ which ends in a pessimistic and gloomy scene. Alec Moore is awaiting execution‚ as the novel comes full circle. He is given “a pen and paper” because he is an “officer and a gentleman”. He has nothing to do but wait. Alec refused to kill Jerry by firing squad‚ so in a sense‚ he asserted his own humanity in the face of war. However‚ this noble act is detrimental‚ as this act of compassion tragically costs him his life.Johnston’s outlook is in
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the journey? The novel how many miles to Babylon by Jennifer Johnson highlights Alec Moore’s tragic journey. We see his journey true childhood to adulthood. Interestingly‚ the novel begins at the end of Alec’s journey as he waits execution “because I am no officer & a gentlemen they have given me my notebook‚ ink‚ pen‚ paper” and comes full circle. Immediately we wonder how Alec someone so high up in the war is being executed‚ then as we read on we begin to realise how his journey through life
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ensure I understand the information‚ think about the key points I want to present and ensure I have any materials to back up what I am saying. I feel communication is as much about listening so I ensure I built in time for people to question and raise issues. • Organisation: Combining part time work‚ voluntary activities and my degree requires excellent organisational skills. I manage this by working out detailed ‘to do’ lists with dates and times on. I combine this with a detailed study/ work diary
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Mid Term – October 2014 Bond Pricing Qu 1: Time to Maturity Zero Coupon Rate Discount Factor 1 5% 2 6% 3 7% 4 8% 5 9% Give the formula for the discount factor in terms of the zero coupon rate. Use the formula to fill in the discount factors in the table above (you can write the formula or using excel calculate the numerical value). Assume that the government wishes to issue a new 5 year bond priced at 100 (called a par coupon bond as it is priced at par i.e. the price is the same as the face
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company‚ they are restricted in terms of other services that they can provide. These restrictions were not always in place‚ but were created in order to increase and maintain the independence of auditors and the auditor’s clients. This independence issue for example can arise from situations where a company provides auditing and tax services to the same client. The auditors would essentially be auditing some of their own work‚ or may compromise their professional judgment and due care if the tax services
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“How many miles to Babylon?” Alec Moore - Narrator Frederick Moore - Father to Alec Mrs. Moore - Mother to Alec Jerry Crowe - Friend to Alec Mrs. Crowe - Mother to Jerry Major Glendinning - Commending Officer to Jerry and Alec in the army. General Points - § Main Theme: Love vs. Hatred § Reflects different stages of Narrator Development - There’s a continuous stream of consciousness‚ no chapters § Ireland § France § Love - of country - passionless love of duty - of power and wealth
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The corporate bond market is “thin” compared to the market for money market securities or corporate stocks. a) true Prices in the corporate bond market tend to be less volatile than prices of securities sold in markets with greater trading volumes. a) False All other things being equal‚ a given change in the interest rates will have a greater impact on the price of a low-coupon bond than a higher-coupon bond with the same maturity. a) True If investors believe inflation will be increasing in the
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