The Executive Summary. This is a concise one- to four-page summary illustrating the key points that are detailed in each section of the ensuing business plan. The Executive Summary should stand on its own as a separate document.Business Overview. Offer a description of the business, including: The legal structure, Business formation history, The type of business, Location. Means of doing business (Internet, storefront operation, mail order) Operations Plan. Offer an explanation describing how the business will function, including the physical setup and responsibilities for specific tasks. Market Analysis. Include an overview of the market as a whole, with specific data and charts or graphs, if appropriate. Define your target market and your plans for catering to this specific audience. Products and Services. Describe the products manufactured or sold or the services offered. Classify the different types of products or services and provide a brief description of each. Sales and Marketing. Outline pricing and sales information. Include rationalizations for why your audience will buy your products or services and how you will reach them through marketing and advertising efforts. Competitive Analysis. Analyze the strengths and weaknesses of your direct and indirect competitors. Demonstrate how you will gain a competitive edge against your competition. Management Team. Provide pertinent, concise background information on all key players involved in the business. Financial Plan. Include all financial information, from startup costs to balance sheets. The financial section should outline: The amount necessary to start or maintain the business, The amount needed over the next two, three, and even five years, Plans to use funds, Anticipated need for additional funding, Ongoing business expenses, including salaries, insurance costs, promotional expenses, etc. Projections. Provide projected income statements and balance sheets for at least two or three years. Good luck!
Answer:
b. appeals
Explanation:
<em>H</em><em>O</em><em>P</em><em>E</em><em> </em><em>T</em><em>H</em><em>I</em><em>S</em><em> </em><em>H</em><em>E</em><em>L</em><em>P</em><em>S</em><em> </em><em>A</em><em>N</em><em>D</em><em> </em><em>H</em><em>A</em><em>V</em><em>E</em><em> </em><em>A</em><em> </em><em>N</em><em>I</em><em>C</em><em>E</em><em> </em><em>D</em><em>A</em><em>Y</em><em> </em><em><</em><em>3</em>
Answer:
P₀ = $59.45
Explanation:
the numbers are missing so I looked for a similar question:
- expected EPS = $2.775
- retain 0% of earnings (years 1 - 2)
- retain 48% of earnings (years 3 - 4)
- then retain 23%
- expected return on new projects = 22.4%
- Re = 10.7%
growth rate = retention rate x return on new projects
g₁ = not given EPS₁ = $2.775
g₂ = 1 x 22.4% = 22.4% EPS₂ = $3.3966
g₃ = 1 x 22.4% = 22.4% EPS₃ = $4.1574
g₄ = 0.48 x 22.4% = 10.752% EPS₄ = $4.6044
g₅ = 0.48 x 22.4% = 10.752% EPS₅ = $5.0995
g₆ = 0.23 x 22.4% = 5.152% EPS₆ = $5.3622
dividend payout ratio expected dividend
year 1 = 0 $0
year 2 = 0 $0
year 3 = 0.52 $2.1618
year 4 = 0.52 $2.3943
year 5 = 0.77 $3.9266
year 6 = 0.77 $4.1289
since the growth rate became constant at year 6, we can find the terminal value for year 5:
terminal value year 5 = $4.1289 / (10.7 - 5.152%) = $74.4214
P₀ = $0/1.07 + $0/1.07² + $2.1618/1.07³ + $2.3943/1.07⁴ + $3.9266/1.07⁵ + $74.4214/1.07⁵ = $0 + $0 + $1.7647 + $1.8266 + $2.7996 + $53.0614 = $59.45
The most probable answer here should be the teams playing. Each of the fans will have to support their favorite team, making the stadium be in more demanding situation if the fans' favorite teams are on play. The number of seats will most likely sell out during this period.
