The Open Polytechnic of New Zealand Trimester 1‚ 2012 71303 Corporate Finance Final Examination Time allowed Three hours‚ plus 10 minutes to read this paper. Instructions 1. 2. 3. 4. Answer all questions. Read each question carefully. Start each question on a new page. Show all of your workings. Mark allocation Question Part A Part B 1. 2. 3. 4. 5. Cost of capital Risk and return Investment timing real option Capital structure Dividend policy 14 12 15 20 15 Total 100 Topic Multiple-choice
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1. How did Philips become the leading consumer electronics company in the world in the postwar era? What distinctive competence did they build? What distinctive incompetencies? In anticipation of the impending war in the late 1930s‚ Philips transferred its overseas assets to two trusts‚ British Philips and the North American Philips Corporation. It moved most of its vital research laboratories to England and its top management to the United States. Isolated from their parents and supported
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Case 1 – New Heritage Doll Company 1. Set forth and compare the business cases for each of the two projections under consideration by Emily Harris. Which do you regard as more compelling? Productions was New Heritage´s largest division as measured by total assets‚ and easily its most asset-Intensive. Approximately 75 % of the division´s sales were made to the company´s retailing division‚ with the remaining 25% comprising private label goods manufactured for other firms. The division revenue figures
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Philip II of Spain The son of Holy Roman Emperor Charles V and Queen Isabella of Portugal‚ Philip II was a strong catholic King of Spain who led the inquisition against the protestants‚ and attempted to take over England with his great fleet of ships called the Spanish Armada. Philip II was born on May 21‚ 1526 and was the only legitimate son of Holy Roman Emperor Charles V (2). He ruled from 1556 up until his death in 1598. Philip tried to keep Spain as the leading power in Europe and the
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MGMT640 – Textbook Notes PART 1 FUNDAMENTALS OF CORPORATE FINANCE Chapter 1 – The Financial Manager and The Firm 1.1 The Role of the Financial Manager * financial manager should make decisions that maximize value of owners stock/wealth – wealth is the economic value of the assets someone possesses * stakeholders – anyone other than an owner (stockholder) with a claim on the cash flows of a firm‚ including employees‚ suppliers‚ creditors‚ and the government * productive
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"What makes for an ideal entrepreneurial opportunity?" is the question commonly asked when deciding on a new business venture. When reviewing a business opportunity there are three primary aspects to look for: Market size‚ Technology and Team. The most important requirement for a good investment is a large market opportunity in a fast-growing sector. That means a strategic view that includes evaluating market growth‚ market size‚ competition‚ and customer adoption rates. Another big determinant
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Shai-Dae Alford September 13‚ 2014 ENG 337-01 Analysis of Venture Smith and Gustavus Vassa The early training and culture of Venture Smith and Gustavus Vassa prevents their spirits from being broken under the hardships of slavery in Africa‚ America‚ and Europe. Inevitably‚ the slavery paves a way for them both to become abolitionist leaders. After analyzing the autobiography of Venture Smith and Gustavus Vassa‚ despite what they may have gone through or seen growing up they display the act
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Mergers and Joint Ventures Mark Bullock Yvette Castaneda ECO/365 11/03/2014 BIAGIO VULTAGGIO Mergers and Joint Ventures So off the top of your head‚ can you tell me what the differences between horizontal‚ vertical and conglomerate mergers? Do you also know how those three differ from a joint venture? I know that from personal experience I wouldn’t be able to off the top of my head. Let’s find out the differences between Horizontal Merger‚ Vertical Merger‚ and Conglomerate Merger. Then let’s see
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Philips: Internal Strengths: * 1900 – Philips was third largest light bulb producer in Europe due to recruitment of Gerard Philips’ brother‚ an excellent salesman. (C85) * From the beginning‚ Philips developed a tradition of caring for workers. Built company houses in Eindhoven along with bolstering education and paying employees very well (C85) * Philips refused to diversify in the beginning‚ keeping a one-product focus and creating significant innovations (C85) * Became leader
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MARKETING It defines marketing management as the process of planning & executing the conception of pricing‚ promotion‚ distribution of goods‚ services‚ ideas to create exchanges that satisfy individual and organizational goals. AMA- AMERICAN MARKETING ASSOCIATION. CORE CONCEPTS OF MARKETING Figure No.: Marketing Management is a social and managerial process by which individuals or firms obtain what they need or want through creating‚ offering‚ exchanging products of value with each
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