Compare the financial reports from Disney, Hilton Worldwide, Starwood, Intercontinental, Marriott International, and Marriott Vacations.

Disney Company:

Hilton Worldwide:

Starwood Hotels:

Key Financials

(In USD as of 06/30/2016)

Marriott International:

Marriott Vacations:

Bellwood Corp. is comparing two different capital structures. Plan I would result in 12,700 shares of stock and $109,250 in debt. Plan II would result in 9,800 shares of stock and $247,000 in debt. The interest rate on the debt is 10 percent.

a. Ignoring taxes, compare both of these plans to an all-equity plan assuming that EBIT will be $79,000. The all-equity plan would result in 15,000 shares of stock outstanding. Which of the three plans has the highest EPS? The lowest?

b. In part (a), what are the break-even levels of EBIT for each plan as compared to that for an all-equity plan? Is one higher than the other? Why?

c. Ignoring taxes, when will EPS be identical for Plans I and II?

d. Repeat parts (a), (b), and (c) assuming that the corporate tax rate is 21 percent. Are the break even levels of EBIT different from before? Why or why not?

If the current rate of interest is 8% APR, then the future value of an investment that pays $500 every two years and lasts 20 years is closest to:

$11,000

$10,661

$22,881

$20,000

Problem 5-10 (Yield to Maturity and Required Returns)

71. What information must a corporation put in a registration statement?

72. Dillingham (a resident of Washington)is a commercial debtor who is taking out a loan. Vernon is a loan officer making the loan. The loan closes on September 1 st of 2018. Where must Vernon file the financing statement? How long is it good for? Can it be extended? If so, how does the secured creditor extend the financing statement and when must the extension be submitted?

Business Law class. Please short answer

Yes

Describe in your own words what marketing segmentation is? Why is it important to understand this concept? What are some disadvantages to not understanding it? Why?

1.Find Macy P/E ratio, enter the stock symbol to get to the company's front page. (The P/E ratio is listed on the company's front page).

2.Compare the P/E ratio of your company with the industry average or with major competitors.

3.Is there a difference between these numbers?

4.Is the stock overvalued, undervalued, or properly valued? Why?

5.In accordance with the findings, is it reasonable to buy the stock? explain.

include a paragraph in the initial response reflect on specifically what was learned from the assignment and how this could apply in the workplace.

3.  Problem 4-31 (Nonannual Compounding)

Firm B wants to hire Mrs. X to manage its advertising department. The firm offered Mrs. X a 3-year employment contract under which it will pay her an $67,500 annual salary in years 0, 1, and 2. Mrs. X projects that her salary will be taxed at a 25 percent rate in year 0 and a 40 percent rate in years 1 and 2. Firm B’s tax rate for the 3-year period is 35 percent. Use Appendix A and Appendix B. a. Assuming an 8 percent discount rate for both Firm B and Mrs. X, compute the NPV of Mrs. X’s after-tax cash flow from the employment contract and Firm B’s after-tax cost of the employment contract. b. To reduce her tax cost, Mrs. X requests that the salary payment for year 0 be increased to $107,500 and the salary payments for years 1 and 2 be reduced to $47,500. How would this revision in the timing of the payments change your NPV computation for both parties? c-1. Firm B responds to Mrs. X’s request with a counterproposal. It will pay her $107,500 in year 0 but only $42,500 in years 1 and 2. Compute the NPV of Firm B’s after-tax cost under this proposal. c-2. From the firm’s perspective, is this proposal superior to its original offer ($67,500 annually for three years)? d-1. Firm B responds to Mrs. X’s request with a counterproposal. It will pay her $107,500 in year 0 but only $42,500 in years 1 and 2. Complete the below table to calculate the NPV of Mrs. X’s after-tax cash flow. d-2. Should Mrs. X accept the original offer or the counterproposal?

68. Define the Implied Warranty of Merchantability. Under what circumstances does a merchant make such a warranty? May the warranty be disclaimed?

69. Who is classified as a merchant under the UCC?

70. In your own words, define the shelter principle. Who does it benefit?

Business Law class. Please short answer

Change Corporation expects an EBIT of $31,200 every year forever. The company currently has no debt, and its cost of equity is 11 percent. a. What is the current value of the company? b. Supposed the company can borrow at 6 percent. If the corporate tax rate is 22 percent, what will the value of the firm be if the company takes on debt equal to 50 percent of its unlevered value? What if it takes on debt equal to 100 percent of its unlevered value? c. What will the value of the firm be if the company takes on debt equal to 50 percent of its levered value? What if the company takes on debt equal to 100 percent of its levered value?

Lyft began operating in 2014. The company lost money the first year but has been profitable ever since.The company’s taxable income (EBT) for its first five years is listed below. Each year the company’s corporate tax rate has been 35%.

Year Taxable Income

2014. 2014 −$5,000,000

2015. 2015 $2,000,000

2016. 2016 $2,000,000

2017. 2017 $2,000,000

2018. 2018 $3,000,000

Assume that the company has taken full advantage of the Tax Code’s carry-back, carry-forward provisions and that the current provisions were applicable in 2014. How much did the company pay in taxes in 2017 and 2018?

1. $700,000 and $1,050,000

2. $350,000 and $1,050,000

3. $800,000 and $1,200,000

4. $600,000 and $900,000

5. None of the above

1.       United Parcel Service (UPS) provides package delivery services throughout the United States and the world. Discuss the impact of seasonal variations in the delivery business for forecasting the firm’s financing requirements.

2.       Dell Computer Corporation (DELL) has long been recognized for its innovative approach to managing its working capital. Describe how Dell pioneered the management of net working capital to free up resources in the firm.

Need 300 words discussion Provide an example of the investment and financing decisions that financial managers make and  Please identify and describe one of the financial market

Financial Projections & Explaining Uncertainties

When doing a financial projection, it is important to always somehow predict the financial cost of the unknowns and to have details surrounding those unknowns. Although they can be scary and cause worry, having detailed historical data or reason behind the uncertainty can help calm an audience almost immediately. In explaining a financial uncertainty, I would recommend starting with pointing out some positives based on the actual numbers. These positives should be the based off of the forecast that was built and defined. From here I would recommend briefly touching upon the fact that things sometimes don’t go as planned; a hurricane wipes out a town, a massive snow storm wipes the power from the state for multiple days or a competitor suddenly starts taking a portion of your customers. All of these things can’t be predicted and are therefore uncertainties. Giving the audience context around what these uncertainties are helps build a solid foundation of understanding.

From here I recommend that communication on the difference in the uncertainty and the actual financial prediction are discussed in great detail. Everything should be outlined, starting with this was our predicted number, this was our final number and these are the reasons we didn’t get to our actual number. It could be that there was an error in the number of days predicted in the month, it could be that the sale Nordstrom rolled out wasn’t discounted enough to sell more products or simply that the number of people predicted to make a purchase at Nordstrom was over projected. A solid reason around why the prediction versus the actual occurred will calm an audience.

Lastly, the audience wants to hear how this will be mitigated going forward and factored into future predictions. Outlining the detail around the uncertainty allows the predictor to learn and comprehend what actually happened versus what was predicted so that historically they can better predict next time as well as aid in calming the audience.

For Chegg: constructively critique my explanations. Support your initial comment and response with sound reasoning and relevant examples.