Marriott Corporation The Cost of Capital Author Student Number 董晖 林桐 吴正浩 祝承懿 Shanghai Advanced Institute of Finance‚ Shanghai Jiao Tong University Table of Contents Background The hurdle rate is the required return or opportunity cost of each division and company. Only project with positive NPV discounted by hurdle rate will be invested‚ and the total return of Marriott up to all projects invested. Though there are many subjective aspects in estimation
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SIA CORPORATION 1. What are some of the social‚ political‚ and economic forces that are influencing SIA’s decision to become a learning organization? When SIA Corporation decides to become a learning organization that SIA manager thinks about developing five discipline: system thinking‚ shared vision‚ challenging mental models‚ team learning‚ and personal mastery in which everyone is engaged in identifying and solving problems‚ enabling the organization to continuously experiment‚ improve‚ and
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MAX WEBER I. INTRODUCTION A) Biography Birth name: Karl Emil Maximilian Weber Birth date: April 21 1864 (Erfurt‚ Germany) Parents: Max Weber Sr. and Helene Fallenstein Death: June 14‚ 1920 (Munich‚ Germany) Spouse: Marianne Schnitger (feminist and author) * Studied in the universities of Heidelberg and Berlin and was trained in law. * He taught in various universities in Germany until 1897 when he suffered a nervous breakdown due to his father’s death. His illness forced him to
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One of the founding fathers of sociology Max Weber was born on April 21‚ 1864 in Erfurt in Thuringia‚ Germany. He was the oldest of seven children of Max Weber Sr. and his wife Helene Fallenstein. His father was a prominent politician and politics was a major theme Weber was surrounded and grew up. From the early years Weber proved to be very intelligent. When he was only thirteen‚ as a Christmas present to parents‚ he wrote for them two historical essays. Weber enrolled in the University of Heidelberg
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A SUMMARY OF MAX WEBER THEORY OF BUREAUCRACY Max Weber (1864-1920) was a German academic and sociologist who provided another approach in the development of classical management theory. As a German academic‚ Weber was primarily interested in the reasons behind the employees’ actions and in why people who work in an organization accept the authority of their superiors and comply with the rules of the organization. Weber made a distinction between authority and power. According to Weber power educes
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widespread oil shortages. (This is not explained in this film but in the sequel‚ Mad Max 2: The Road Warrior.) Central to the plot is a poorly-funded national police unit called the Main Force Patrol (MFP‚ derogatorily called "The Bronze" by their enemies)‚ which struggles to protect the Outback’s few remaining townspeople from violent motorcycle gangs. The MFP’s "top pursuit man" is a young police officer‚ Max Rockatansky (Mel Gibson)‚ badge number MFP4073. A member of one of the motorcycle gangs
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Case 12-03 - Contingencies Scenario 1 Energy should recognize a provision as of December 31‚ 2011‚ in reporting to its U.K. parent under IFRSs and in reporting to its U.S.-based lender in accordance with U.S. GAAP. IFRS and GAAP follow three steps in order to determine if a provision should be recognized. They are: a) the entity has an obligation
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Chapter 6 (Case 6-1 CHINA PETROLEUM AND CHEMICAL CORPORATION) 1.The net profit figure reported under PRC GAAP is RMB 19‚011 million. This is RMB 2‚592 million lower than the amount under IFRS‚ and RMB 6‚566 million lower than the amount under U.S. GAAP. The net profit figure of RMB 19‚011 reported under PRC GAAP was increased to RMB 21‚593 under IFRS. The increase of RMB 2‚582 under IFRS was due to the following reasons: Dep. and disposal of oil and gas properties RMB3‚044 Acquisition of subsidiaries
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Case 12-7 Facts: Rossi Inc.: Asbestos Litigation Liability: The cost of settlement and defensed costs relating to currently pending claims and future claims for losses incurred to date. Liabilities recorded per/as at Dec 31. 2009 2008 2007 Rossi Inc. $962m $1‚055m $469m Thompson (External Specialist) $1124m $1‚055m Internal Actuarial Specialist $907m‚ $1‚184m‚ and $1‚514m The 2007 claim estimate is projected through 2011. The 2008 and 2009 estimate are projected through 2017
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business‚ but he is debating whether to start a S corporation or a C corporation due to potential environmental factors associated with his business. He wants to maintain a limited liability and wants to avoid double taxation by paying himself a salary equal to his companies before tax earnings. He also would like to issue preferred stock to his son in the future to keep his interests in the business. He was advised by his friend to choose a C Corporation to maintain maximum flexibility in the business
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