Why was it difficult for Dell to sustain its competitive advantage?
Using an appropriate framework, evaluate the PC hardware industry at the time of Dell’s entry. Was it an attractive industry?
In: Operations Management
You must evaluate the purchase of a proposed spectrometer for the R&D department. The purchase price of the spectrometer including modifications is $60,000, and the equipment will be fully depreciated at the time of purchase. The equipment would be sold after 3 years for $25,000. The equipment would require a $7,000 increase in net operating working capital (spare parts inventory). The project would have no effect on revenues, but it should save the firm $27,000 per year in before-tax labor costs. The firm's marginal federal-plus-state tax rate is 25%.
In: Finance
| You are given the following information concerning options on a particular stock: |
| Stock price | = | $65 |
| Exercise price | = | $60 |
| Risk-free rate | = | 4% per year, compounded continuously |
| Maturity | = | 3 months |
| Standard deviation | = | 42% per year |
| a. |
What is the intrinsic value of each option? (Leave no cells blank - be certain to enter "0" wherever required. Do not round intermediate calculations.) |
| b. | What is the time value of each option? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) |
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In: Finance
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Hankins Corporation has 8.3 million shares of common stock outstanding, 305,000 shares of 3.9 percent preferred stock outstanding, par value of $100; and 190,000 bonds with a semiannual coupon rate of 5.2 percent outstanding, par value $2,000 each. The common stock currently sells for $56 per share and has a beta of 1.20, the preferred stock has a par value of $100 and currently sells for $100 per share, and the bonds have 19 years to maturity and sell for 108 percent of par. The market risk premium is 6.8 percent, T-bills are yielding 3.2 percent, and the company’s tax rate is 25 percent. |
| a. |
What is the firm’s market value capital structure? (Do not round intermediate calculations and round your answers to 4 decimal places, e.g., .1616.) |
| b. | If the company is evaluating a new investment project that has the same risk as the firm’s typical project, what rate should the firm use to discount the project’s cash flows? (Do not round intermediate calculations enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
In: Finance
In: Operations Management
You have to choose one of these industries
In: Economics
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Problem 10-21 Your division is considering two investment projects, each of which requires an up-front expenditure of $28 million. You estimate that the cost of capital is 10% and that the investments will produce the following after-tax cash flows (in millions of dollars):
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In: Finance
Ch. 10: Which of the stages of the traditional family life cycle are the most lucrative for these businesses: a) group chat live rooms like talkee.com, b) Club Med vacation, c) Disney World resort, d) Winnebago motor homes. Copy their ads, determine their target demographics, and explain your answers. •Traditional Family Life Cycle –Stage I: Bachelors –Stage II: Honeymooners –Stage III: Parents –Stage IV: Post-parenthood –Stage V: Dissolution
In: Operations Management
The overall strategy of a company directly impacts its HR practices. Discuss, and give specific examples of, various HR practices that should be used related to the following three business strategies: growth strategy, stability strategy, and reduction strategy.
In: Operations Management
Implementation of a a queue with a "circular" array or a "regular" array.
(a) "circular" array: consider using the smallest number of fields/variables in a struct/class. List the fields/variables that support the enqueue and dequeue operations in O(1) time in the worst case. Explain why the list is the smallest and the two operations are O(1) time.
(b) "regular" array: explain the worst-case time complexity in big-O for the operations (queue size is at most n).
In: Computer Science
In: Psychology
The following financial statements apply to Karl Company:
| 2019 | 2018 | ||||||
| Revenues | |||||||
| Net sales | $ | 420,000 | $ | 350,000 | |||
| Other revenues | 16,000 | 10,000 | |||||
| Total revenues | 436,000 | 360,000 | |||||
| Expenses | |||||||
| Cost of goods sold | 252,000 | 206,000 | |||||
| Selling expenses | 42,000 | 38,000 | |||||
| General and administrative expenses | 22,000 | 20,000 | |||||
| Interest expense | 6,000 | 6,000 | |||||
| Income tax expense | 42,000 | 36,000 | |||||
| Total expenses | 364,000 | 306,000 | |||||
| Net income | $ | 72,000 | $ | 54,000 | |||
| Assets | |||||||
| Current assets | |||||||
| Cash | $ | 8,000 | $ | 16,000 | |||
| Marketable securities | 2,000 | 2,000 | |||||
| Accounts receivable | 70,000 | 64,000 | |||||
| Inventories | 200,000 | 192,000 | |||||
| Prepaid expenses | 6,000 | 4,000 | |||||
| Total current assets | 286,000 | 278,000 | |||||
| Plant and equipment (net) | 210,000 | 210,000 | |||||
| Intangibles | 40,000 | 0 | |||||
| Total assets | $ | 536,000 | $ | 488,000 | |||
| Liabilities and Stockholders’ Equity | |||||||
| Liabilities | |||||||
| Current liabilities | |||||||
| Accounts payable | $ | 80,000 | $ | 108,000 | |||
| Other | 34,000 | 30,000 | |||||
| Total current liabilities | 114,000 | 138,000 | |||||
| Bonds payable | 132,000 | 134,000 | |||||
| Total liabilities | 246,000 | 272,000 | |||||
| Stockholders’ equity | |||||||
| Common stock (100,000 shares) | 230,000 | 230,000 | |||||
| Retained earnings | 60,000 | (14,000 | ) | ||||
| Total stockholders’ equity | 290,000 | 216,000 | |||||
| Total liabilities and stockholders’ equity | $ | 536,000 | $ | 488,000 | |||
Required
Calculate the following ratios for 2018 and 2019. Since 2017 numbers are not presented, do not use averages when calculating the ratios for 2018. Instead, use the number presented on the 2018 balance sheet.
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Please help me fill in the blanks...
In: Accounting
Assume that the following relationships were created in a database. CUSTOMER (CustomerNumber, CustomerLastName, CustomerFirstName, Phone) COURSE (CourseNumber, CourseTitle, TeachingMode, CourseCreationDate, Fee) ENROLLMENT (EnrollmentID, CustomerNumber, CourseNumber, EnrollmentDate, AmountPaid) Legend: Primary Key Foreign Key Possible values TeachingMode: PRE - Presencial, ONL - Online Write the SQL (ORACLE) statements required to complete what is required below. Provide ONE instruction per request / question. Write your answers in the space provided. Identify each answer with the corresponding request / question number. 1. Create the CUSTOMER table include the constraints 2. Create the COURSE table include the constraints 3. Create the ENROLLMENT table include the constraints 4. Create the sequence seqEnroll 5. Insert a row in the CUSTOMER table. 6. Insert a row in the COURSE table. 7. Insert a row in the ENROLLMENT table. The primary key field is a substitute (Surrogate / Artificial) so it will use the sequence you created in statement 4. The transaction must belong to the CUSTOMER you created in # 5 and the COURSE you created in # 6. 8. List customers in ascending alphabetical order by last name. Include the following information in this order: last name, first name and telephone number 9. List all the courses that have the word Pastels in the title. Include all the data in the COURSE table. 10. List all the courses the clients are enrolled in. Include the following data in this order: CustomerNumber, CourseNumber, and AmountPaid. 11. List all courses that started on or before October 1, 2018. Include the following data in this order: CourseDate, CourseNumber, CourseTitle, Fee. 12. Show for each client the total paid for classroom courses and total paid for online courses TeachingMode the total paid by each client. Show courses that are cheaper than the average price Use subquery and functions. 13. List all course information if you have had at least ten clients enrolled in the past twelve months. It must work at any time, the twelve-month period will depend on the date the consultation is run. DO NOT USE SPECIFIC DATES. Use subquery and functions.
In: Computer Science
In: Psychology
Provide at least one example of when the gross profit method would be useful. Explain the rationale for selecting the example provided.
In: Accounting