Suppose that in January 2006, Kenneth Cole Productions had sales of $518 million, EBITDA of $55.6 million, excess cash of $100 million, $3 million of debt, and 21 million shares outstanding.

a) Using the average enterprise value to EBITDA multiple in Table 1, estimate KCP’s share price.

b) What range of share prices do you estimate based on the highest and lowest enterprise value to EBITDA multiples in Table 1? (high/low prices)

c) Using the average enterprise value to sales multiple in Table 1, estimate KCP’s share price.

d) What range of share prices do you estimate based on the highest and lowest enterprise value to sales multiples in Table 1? (high/low)

In March 2006, Tesco announced that it would enter the United States convenience store market (Fresh and Easy). This represented a departure from its historic strategy of focusing on developing nations. The American market - Fresh & Easy - turned into a financial disaster ($1.8 bn loss) for Tesco.

Using Tesco as an example, how you think that Michael Porter’s Five Forces helped or hindered Tesco with its overall global strategy?

Boyum (2006) and Greenleaf (1977) suggested servant leaders have an innate desire to work in service of others; servant leaders respond to an internal mandate to work in service of others and develop a trust from those persons to whom they are given charge.

Principally, servant leaders have the foresight, willingness and ability to “act constructively… [based on] their ethics (of service)” (Greenleaf, 1977, p.26).

How much of what the authors describe do we attribute identity?

How much do we attribute to behavior?

Is there a difference?

Catherine decided to see a registered dietitian after watching a news story about the 2006 CDC Preconception Health Initiative (p. 66), including the recommendation that each person should make a reproductive life plan. Currently 29 years old, she has been on oral contraceptives for 10 years. She would like to have children someday, possibly in her mid-thirties, after she has established her career. Her height is 5’6” (1.68 m) and her weight is 175 lb. (79 kg). She considers herself fairly active, exercising for about 30 minutes three times per week. Due to being a busy professional, she admits to drinking close to 40 ounces of coffee most days and only occasionally drinks alcohol. Her personal health history includes iron-deficiency anemia at age 25, although she thinks this has resolved; her family history includes heart disease and type two diabetes; both of her parents are still living. No recent lab work is available.

Comment on the following questions and number your responses:

1. Should she change her method of contraception for nutrition or other health reasons?
2. Are there any risk factors for impaired fertility in her current health status?
3. What recommendations do you have to help her meet her long-term goal of having children someday?

Question text Consider two companies (A and B) with equal profit margins of 18%. Company A has an asset turnover of 1.2 and Company B has an asset turnover of 1.5. If all else is equal, Company B with its’ higher asset turnover, is less profitable because it requires more revenue to turn its assets over. Select one: True False

Your company has 100 units in inventory, purchased at $16 per unit, and this inventory could be replaced at $14 per unit.

Multiple Choice

The company should debit revenue for $200 and credit inventory for $200.

The company should debit loss in inventory value for $200 and credit inventory for $200.

The company should debit inventory for $200 and credit cash for $200.

The company should debit inventory for $200 and credit cost of goods sold for $200.

Assume you just graduated from a university with an MBA and were hired by a small American company generating 100% of its $20 million revenue from domestic sales. Your job as International Sales Director is quite simple: to make sure international sales generate as much revenue as domestic sales within five years.

Where do you start?

What are some of your first initiatives? Why?

Three firms have identical revenue and profit functions. Firm 1 is a private sector firm operated by an​ owner-manager who wishes to maximize profit. Firm 2 is managed by an​ revenue-maximizing manager whose pay is proportional to the​ firm's revenue. Firm 3 is a​ government-owned firm that has been instructed to maximize the amount of​ employment, L, subject to the constraint that revenue must not be negative.

Each of the three firms has a revenue function

​R(q)equals=120120qminus−22q squaredq2

and a cost function of

​C(q)equals=2020plus+4040q.

Determine how much output each firm chooses.

Firm 1 will produce such that

qequals=nothing

units

(16 marks) Coffee Talk is a local café on the waterfront. There is counter service only with one clerk working the counter. On an average Friday (6 hour operation), 6 customers arrive at the counter every 20 minutes; on average, it takes 3 minutes to serve a customer. Find the following measures of performance of the café:

a) The average utilization of the counter clerk and the average number of customers waiting in line

b) The average time a customer spends in the system

c) Probability that exactly 2 customers are waiting in line

d) What observation can you make from the calculations above?

Need answers for a,b,c,d.