Facts Wahoo Inc. is a C Corporation that filed for Chapter 11 bankruptcy protection in April 2015. Before filing bankruptcy, Wahoo has net operating loss (NOL) carryforwards of $65,000,000 in 2009, $45,000,000 in 2010, and $30,000,000 in 2011. The company worked out a re-organization plan and one of the note holders (a venture capital firm that financed the company) with a $105,000,000 note payable will receive new common stock and the old stocks will be cancelled. The Bankruptcy Court and the creditors’ committee have accepted the plan. The fair market value of Wahoo before the ownership change was $85,000,000. Wahoo’s selected assets from the balance sheet are as follows: Property & Equipment (P&E) $450,000,000 Accumulated Depreciation ($200,000,000) Adjusted Basis $250,000,000 Intangible Assets (Trademarks and Goodwill) $250,000,000 Accumulated Amortization (100,000,000) Adjusted Basis 150,000,000 The new Wahoo Inc. emerged from bankruptcy on August 30, 2015, and it plans to make an acquisition within 6 months. Due to the planned acquisition, Wahoo’s revenue and profit are anticipated to increase 15% and 12% respectively. Therefore the company would prefer to preserve the NOL carryovers to offset the future taxable income. However, since Wahoo’s reorganization was essentially Type G reorganization – bankruptcy fillings, Section 382 limitation can come into play regarding the NOL it can deduct in subsequent years. The research question hinges upon the treatment of
1. Evaluate Family Dollar’s retail strategy. Will it work in both good and bad economic times?
In March 25, 2014 Sylvia Burwell was denied certain health benefits for contraception while working at Hobby Lobby Inc. Sylvia Burwell, The Secretary of Health, and Human Services (et. al petitioners) attempted to sue Hobby Lobby Stores et al (Conestoga Wood Specialties Corporation et al petitioners). The case was brought to the court by Justice Alito. Sylvia Burwell and her accomplices argued that in the circumstance whether the Religious Freedom Restoration Act (RFRA) permits the US Department of Health Services (HHS) to demand three closely held corporations to provide health insurance coverage for methods of contraception that violate the sincerely held religious beliefs of the company’s owners. The secretary of Health and Human Services
Kroger would like to be included in the ACD for Anchorage. Which is currently in their Kroger-TeamCo and Kroger – TeamCo STEP portfolio. A little background on the Kroger/TeamCo relationship: Kroger, recently submitted a full redemption request to TeamCo (TeamCo is a FoF and the majority of their business is with Kroger). As a result, TeamCo has started the liquidation process and will no longer exist as of January 2018. However, the anchorage position in the TeamCo portfolios have always been in Kroger’s name, so there will not be a need for a transfer of ownership or beneficial ownership. Kroger is still needs to figure out if they will redeem, maintain or add to the position. In the meantime, they would like to be included to
After Our first meeting with the client took place on April 28, 2017 at 3:00 pm at the Women's Business Center located at 1003 E Cooley Dr #109. We scheduled Our next meeting at the same location on May 26,2017. This gave us plenty of time to conduct research need to offer an alternative to Trader Joe’s.
Ask just about anyone on the street what company boast a large red bulls-eye on its stores, and surely it would be difficult to find anyone who doesn’t immediately respond, “Target.” Target Corporation’s roots stem all the way back to 1902, and in the years since, the corporation has grown into a common household name. With 1,790 (2014) stores nationwide, Target is currently ranked as 4th largest retailer in the United States (Press). The corporation has achieved this status through hard work, brilliant ideas, and dedicated leadership. However this is just the brief on their success.
Additional Financing required is calculated as the plug variable for Notes Payable using the percentage of sales approach by varying all other accounts that change according to sales,
If the cost of an available-for-sale security exceeds its fair value by $40,000, the entry to recognize the loss
The Last in first out (LIFO) liquidation Inventory valuation method was changed as Inventory level in1984, 1983 and 1984 was decreased by Harnischfeger. By adopting this process, inventory that was purchased at lower cost in previous years was sold at higher prices.
1) Evaluate HTC’s performance as described in the case. What are its competitive assets and liabilities?
People Inc. is non-profit human services agency in Western New York. They provide services like recreation programs, residential, employment and health care to assist people with disabilities, families and seniors. Their agenda is to make the lives of people in need comfortable independent and productive. People Inc. has been awarded the Person-centered Excellence National Accreditation from The Council on Quality and Leadership for four continuous years. There office is located at
The Dollar General is an American wholesale company that was first initiated in Scottsville, Tennessee by Turner and Cal Turner. Its headquarters are located in Goodlettsville, Tennessee. The mission statement of the Dollar General is "Serving Others." This mission statement helps to bring out the innate requests and intentions of the company in the United States of America and other countries in the world. The company has a vision that describes how it manages to cater for four different types of people. These four groups of people include the customers, the community, employees, and shareholders. Within these categories of people, Dollar General aspires to serve others through deliver of price quality and terrific prices for customers, opportunity, and respect for employees, a superior return for shareholders and a better life for the communities.
The O.M Scott & Sons Company has had continued success in the grass seed and lawn care industry. The company started in 1868 as a local company in central Ohio, focused on selling grass seed only. The company saw great opportunity in the lawn care industry, so it decided tot take action. O.M Scott & Sons grew into a national company that distributed its products by mail, and eventually sold to retail stores nationwide in 1959. The company was able to grow expanding the company’s field sales force. This increase in sales force led to a continued increase in sales and profits, which allowed the company to invest in R&D more heavily. This increase in R&D led to better products, which further increased sales and profits. The objective was to service the various retailers across the U.S with adequate inventories, especially in the high seasonal peaks. This was difficult for most of the smaller sized dealers the company was selling to, so Scott had to fund the dealer inventory buildup by itself.
After Square Inc. CEO, Jack Dorsey, conducted its annual performance review for its 800 employees he sent an e-mail to its employees to review his performance by submitting anonymous comments. The next day he received more than 500 comments and the overall consensus was that he needed to focus more on the company. Square is no longer the fast growing start-up that intended to disrupt the payments processing industry. The start-up company developed top tier software and a magnetic reader that allows devices to receive payments from major credit card companies converting any mobile device on a point of sale (POS). The company also launched the wallet app that allows users to link their bank accounts with their mobile devices and make purchases online. It is estimated that by the end of 2013 investors had poured around $340 million into the company, which is valued at around $5 billion.
Gap Inc. is a retailer that provides clothing, accessories, and personal care products for men, women, children, and babies. The first store was opened by Doris and Don Fisher in 1969. Gap also owns Old Navy, Banana Republic, Piperlime, and Athletica brands. The company provides a wide range of family clothing products including denim, khakis, t-shirts, fashion apparel, shoes, accessories, intimate apparel, and personal care product.
Answer to Question 1. MITRE is following the committed expert strategy. Its recruiting focus is targeted. MITRE does not resort to broad recruiting channels because it’s costly and doesn’t attract the right kind of candidates. MITRE mostly uses internal sources to hire new people. The company’s current employees do most of the recruitment and, in return, they get bonuses and opportunities to improve their team by suggesting candidates that they find suitable.