Using the free cash flow valuation model

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Using the mini case information, write a 250-500 word recommendation of the financial decisions you propose for this company based on an analysis of its capital structure and capital budgeting techniques. Explain why you chose this recommendation.

Assume you have just been hired as a business manager of PizzaPalace, a regional pizza restaurant chain. The company’s EBIT was $120 million last year and is not expected to grow. PizzaPalace is in the 25% state-plus-federal tax bracket, the risk-free rate is 6 per-cent, and the market risk premium is 6 percent. The firm is currently financed with all equity, and it has 10 million shares outstanding. When you took your corporate finance course, your instructor stated that most firms’ owners would be financially better off if the firms used some debt. When you suggested this to your new boss, he encouraged you to pursue the idea. If the company were to recapitalize, then debt would be issued, and the funds received would be used to repurchase stock. As a first step, assume that you obtained from the firm’s investment banker the following estimated costs of debt for the firm at different capital structures: Percent Financed with

Debt, wdrd

0% —

20 —- 8.0%

30 —- 8.5

40 —- 10.0

50 —- 12.0

a. Using the free cash flow valuation model, show the only avenues by which capital structure can affect value.

b. (1) What is business risk? What factors influence a firm’s business risk?(2) What is operating leverage, and how does it affect a firm’s business risk? Show the operating break-even point if a company has fixed costs of $200, a sales price of $15, and variable costs of $10.

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Global Entrepreneurship Monitor (GEM) | nursing homework essays

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The Scenario
What government policies and initiatives are most likely to generate high levels of
entrepreneurial activity? Which are positively correlated with the economic well-being
of a country as measured by growth in GDP and job formation? Project directors of the
Global Entrepreneurship Monitor (GEM), who define entrepreneurship as “any attempt
at new business or new venture creation, such as self-employment, a new business organization, or the expansion of an existing business, by an individual, a team of individuals,
or an established business,” suggest the following:
• Promoting entrepreneurship, especially outside the most active age group (25–
44), with specific programs that support entrepreneurial activity.
• Facilitating the availability of resources to women to participate in the entrepreneurial process.
• Committing to long-term, substantial postsecondary education, including
training programs designed to develop skills required to start a business.
• Emphasis on developing an individual’s capacity to recognize and pursue new
opportunities.
• Developing the capacity of a society to accommodate the higher levels of
income disparity associated with entrepreneurial activity.
• Creating a culture that validates and promotes entrepreneurship throughout
society.
Researchers at the Kauffman Center for Entrepreneurial Leadership (Babson College)
and the London Business School revealed these propositions based on a study
designed to prove a causal relationship between factors that affect entrepreneurial
opportunities and potential, to business dynamics and national economic growth and
well-being

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Websites that cover prototype tools.

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Find two websites that cover prototype tools. Visit each website and search for two prototype tools. Compare and contrast the tools identifying at least one advantage and one disadvantage for them. Next, post your analysis in the discussion board.

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The book Indian horse by Rchard Wagamese by another book of the same genre.

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Subject:




Type:




Pages/Words:





Single spaced


approx 275 words per page



Urgency:




Level:




Currency:




Total Cost:




 
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If every “customer contact is referred to as a moment of truth,”

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If every “customer contact is referred to as a moment of truth,” then each of these moments of truth provides you the opportunity to satisfy or even dissatisfy your customer (Bordoloi, p. 149). In the service industry, customer satisfaction “can be defined by comparing perceptions of service received with expectations of service desired” (Bordoloi, p. 149). When your customer’s “expectations are exceeded,
service is perceived to be of exceptional quality” (Bordoloi, p. 149). When your customers “expectations are not met; however, service quality is deemed unacceptable” (Bordoloi, p. 149). Therefore, “when expectations are confirmed by perceived service, quality is satisfactory” (Bordoloi, p. 149). Please review Figure 6.1, “Perceived Service Quality,” on p. 150, which graphically represents these expectations, including word of mouth, personal needs, and past experience. As we consider that “quality begins with the design of the service delivery system,” explain what this will look like in your organization and how you will design it (Bordoloi, p. 149). Which of these Dimensions of Service Quality will be part of your service quality? How will you measure gaps between “expected service and perceived service?” (Bordoloi, p. 150). What tools, techniques, and/or processes will you employ?

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Article based on the Critical Thinking Component.

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identify the main concepts and/or principles within the reading(s). The article can be found in the attachments.
Firstly, review the selected article. Secondly, as you review the material, underline or otherwise note the ideas which seem important to you, then answer the following
questions (analyze it according to the questions listed below) :

  1. Identify the thesis, issue, or problem to be solved.
    — List and briefly define major concepts developed in the reading.
  2. Identify data and evidence upon which you base your reasoning.
  3. Analyze and evaluate the major assumptions.
  4. State whether you agree or not with the conclusions and/or assumptions made.
  5. Draw your conclusions, solve problems, or formulate new arguments.

Read and critically analyze the article based on the Critical Thinking Component. The assignment will be written in essay format.
Some of the information and/or data in the articles might be outdated, therefore, research is required to ascertain the current status/opinions. In addition to the article, you must include at least one other source.

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Company Perspective | nursing homework essays

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a) Consider the 2021 Annual Report for Wesfarmers Ltd (WES). Briefly illustrate how WES
governance is organized. Do you notice any strategies in place to align manager and shareholder
interests at WES based on the Annual Report? Provide one example. (3 marks)
b) What is the net working capital for WES in 2020 and 2021? What type of current asset
management strategy is the company pursuing? Explain why, and what are the pros and cons of
this strategy. (3 marks)
c) Consider the WES 2021 Annual Report. Identify two of the major risks discussed in this report.
Are these risks systematic or unsystematic? Why? (2 marks)
d) You are trying to value WES shares today (end of 2021). Assume the current price of WES shares
are $49.97. Assume that the total dividend paid by WES in 2021 was a lump sum. You also
estimate that for the next two years dividends will grow respectively at 50% and 25% per year.
After this (starting in time 3) you estimate dividends will grow at a constant rate of 3.5% forever.
Assume that today the Australian 10 year government bond has a yield of 1.15%, the market risk
premium is 4.55% and the beta of WES is 0.72. Based on this price would you purchase WES
shares? Why or why not? (7 marks)
e) What was the market capitalization of WES on the 31 January 2022, assuming that the total
number of shares outstanding is the same as at the end of the 2021? (Use the closing price on
that day). (2 marks)
f) What source of funding (non-current) is WES primarily using to finance its operations? What are
the advantages and disadvantages of this source of financing? (3 marks)
g) Assume that WES would like to replace its non-current “lease liabilities” (in 2021) with a new issue
of bonds. Assume that the issue will have a coupon rate of 5% with a 15 year maturity. Assume
the bonds are semi-annual coupon bonds and each have a face value of $1,000 and the required
rate of return for similar bonds in the market is 4.5%. What would be the issuing price of these
bonds? How many bonds will WES have to issue in order to replace its non-current “lease
liabilities”? (5 marks)

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Communication In Nursing | nursing homework essays

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Frank Matthew, a 75-year-old retired banker, is your client on the medical–surgical unit where you practice nursing. Mr. Matthew is being admitted with a distended abdomen and absent bowel sounds, stating, “I haven’t taken a crap in a week!” He reports living alone, having no children, and looking forward to “having people to talk to while I’m here” (Learning Objectives: 4, 7, and 9).

  1. Define therapeutic communication within the nurse-patient relationship and outline at least 4 goals of therapeutic communication within the nurse-patient relationship.
  2. Define social and therapeutic relationships then compare and contrast social and therapeutic relationships (must have at least 3 things listed for each compare and contrast)

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Structure of non-store retailers | nursing homework essays

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write a short paragraph (no more than 300 words) explaining the structure of non-store retailers and how the choice of channel changes aspects of the business plan.

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Posted in economics | Tagged Structure of non-store retailers

 
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Reasons why transportation should be seen as a means to creating a competitive advantage

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(1) Discuss the reasons why transportation should be seen as a means to creating a competitive advantage for the firm you have chosen.

(2) How important is transportation as a competitive activity relative to other chosen company activities ?

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