Company Memorandum To: From: cc: Date: Re: The purpose of this memo is to provide significant financial information of Target Corporation as well as to provide the necessary assistance to facilitate an investment decision. As per your request‚ I want to inform you that during the month of January I made an extensive research on a possible investment opportunity with Target Corporation. After analyzing and reviewing Target’s 2013 annual report‚ I am convinced that this is not the right time to
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Teletech Corporation‚ 2005 Kyle Fortin My recommendation for Teletech Corporation is to change from a constant hurdle rate to the use of two risk-adjusted hurdle rates‚ one for each segment. Teletech’s performance is evaluated based on economic profit calculations. Through this measure‚ the risk-adjusted hurdle rates return a higher amount of profit compared to a single corporate hurdle rate. Currently‚ the firm has been using 9.30% as their hurdle rate‚ and as a result the firm’s share prices
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1. Describe clearly the accounting changes Harnischfeger made in 1984 as stated in Note 2 of its financial statements. In 1984‚ the Corporation has computed depreciation expense on plants‚ machinery and equipment using the straight-line method for financial reporting purposes. Prior to 1984‚ the Corporation used principally accelerated methods for its U.S. operating plants. 2. What is the effect of the depreciation accounting method change on the reported income in 1984? How will this change
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University of Phoenix Material Lee Corporation Equity Scenario Lee Corporation is an American company that began operations on January 1‚ 2004. It has just completed its fourth full year of operations on December 31‚ 2007. Ending Year Balances for the prior year that ended on December 2006 were as follows: Retained Earnings: $ 225‚000 Common Stock at par: $ 500‚000 Additional Paid-in Capital: $1‚000‚000 Treasury Stock: $ 200‚000 Income before taxes for 2007 totaled $240
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InterActiveCorp Based on the article about InterActiveCorp‚ the corporate level strategy is gaining acquisitions in travel‚ finance‚ and classified ads. This sounds like a horizontal merger and acquisition strategy because of the range of services that IAC has been acquiring. Their focus seems to be mostly travel and entertainment companies. These include companies like Match.com‚ Expedia‚ and Hotels.com. As for the restructuring strategies for IAC‚ Barry Diller is trying to focus on businesses
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1. What was Harry Wiley’s message? Did he relate it properly? How would you have received it? Harry’s message to Terry was that he has to make more of a concerted effort to get to know his customers‚ particularly Blandings Consolidated‚ a customer accounting for 30 percent of the territory’s business. There is a longstanding relationship between the two organizations and Harry wants to nurture and further develop that relationship. The pertinent questions posed by Harry while having cocktails and
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Target Canada In less than two years since it opened its doors to the Canadian market‚ Target Canada is closing its doors forever and moving back to its home market. It was 2011 when Target Corporation purchased 220 stores of Canadian discount retail Zellers for $1.8 billion. As Target had such an excellent reputation in the United States‚ Canadian customers had their expectations up in advance of Target’s arrival to the great white north. One of the fundamental issues that Target struggled with
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Target Audience Are you trying to join the market or creating your own business? One of the most important factors when joining the market is the target audiences. With the current state of the economy‚ having a well-defined target market is more important than ever. No one can afford to target everyone. Small businesses can effectively compete with large companies by targeting a reliable audience. What exactly is a target audience? Target audience is‚ in marketing and advertising the primary
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Congoleum Corporation Executive Summary In valuing the target company Congoleum after an LBO by First Boston found the expected free cash flows generated by this firm from 1980 to 1984. These numbers were based on values provided in the case. From there‚ we employed the Adjusted Present Value method to discount these cash flows because we assumed that Congoleum was varying its Debt to Equity ratio during those years. We discounted these cash flows by the required return on assets that was in
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v. Alza Corp.‚ the court found independent standing as the licensee had completely unrestricted rights to sue for infringement. The licensor‚ University of California‚ gave an exclusive license to Ciba-Geigy. Alza claimed that Ciba-Geigy lacked standing‚ but this
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