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Kevin’s Bacon Company Inc

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11)Kevin’s Bacon Company Inc. has earnings of $8 million with 2,400,000 shares outstanding before a public distribution. Seven hundred thousand shares will be included in the sale, of which 400,000 are new corporate shares, and 300,000 are shares currently owned by Ann Fry, the founder and CEO. The 300,000 shares that Ann is selling are referred to as a secondary offering and all proceeds will go to her.     The net price from the offering will be $16.50 and the corporate proceeds are expected to produce $1.5 million in corporate earnings.   a.What were the corporation’s earnings per share before the offering? (Do not round intermediate calculations and round your answer to 2 decimal places.)  
   Earnings per share$       b.What are the corporation’s earnings per share expected to be after the offering? (Do not round intermediate calculations and round your answer to 2 decimal places.)    
   Earnings per share$

 
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share

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12)Becker Brothers is the managing underwriter for a 1.45-million-share issue by Jay’s Hamburger Heaven. Becker Brothers is “handling” 12 percent of the issue. Its price is $28 per share and the price to the public is $29.00.   
    Becker also provides the market stabilization function. During the issuance, the market for the stock turned soft, and Becker is forced to purchase 50,000 shares in the open market at an average price of $28.50. They later sell the shares at an average value of $28.10.  
 Compute Becker Brothers’ overall gain or loss from managing the issue. (Do not round intermediate calculations and round your answer to the nearest whole dollar.)     (Click to select)Net lossNet gain$

 
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Group Case Study

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Group Case Study InstructionsEach team will be responsible for reviewing the following:

  1. Wegmans Food Markets Operations Tour on p. 33 of the Stevenson text.
  2. Wegmans Food Markets Operations Tour, Shipping System, on p. 673 of the Stevenson text.
  3. The Wegmans website (https://www.wegmans.com)

Each team will prepare a written case study with the following requirements:

Cover page that includes:

Course number and name

Case name

Team member names

Date submitted

Respectfully submitted to your instructor

  1. Introduction. This section must be      1/2 page–1 page.
  1. Discuss operations management concepts from the textbook that are found in the case, including page numbers where the concepts may be found. Credit will only be earned for concepts supported by text page numbers. The discussion will (1) describe the concept and (2) discuss and evaluate how it is implemented. Support your discussion with outside sources. This section must be 3–4 pages.

Discuss major issues needing attention and/or specific actions the firm should take to improve operations. Support your discussion with outside sources. This section must be 3–4 pages.

  1. Provide a detailed description of how 2 of the items found above could be resolved. This must include (1) operations management technique from the text to be applied, (2) method of application, and (3) method of evaluating success of the plan. Support your discussion with outside sources. This section must be 3–4 pages.

Conclusion to summary of key points from your paper and key conclusions reached. This section must 1/2 page–1 page.

  1. Any appendices for the paper to include graphics.
  1. Reference section, which must include at least 7 sources that are cited in the paper.

General Guidelines:

  1. Use current APA edition for all formatting.
  2. Use at least 2 levels of indentation.
  3. Do not include graphics in the text; add them as appendices.
  4. Avoid the use of direct quotations; rather, focus on paraphrasing to demonstrate critical thinking.
  5. Font size of 12 or smaller.
  6. Margins of 1 inch or smaller.
  7. The total page count must be 10 pages, not including front matter, appendices, and references.

Submit this assignment by 11:59 p.m. (ET) on Monday of Module/Week 7.

 
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The Landers Corporation needs to raise $1.70 million of debt

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14)

The Landers Corporation needs to raise $1.70 million of debt on a 20-year issue. If it places the bonds privately, the interest rate will be 12 percent. Twenty five thousand dollars in out-of-pocket costs will be incurred. For a public issue, the interest rate will be 11 percent, and the underwriting spread will be 3 percent. There will be $110,000 in out-of-pocket costs. Assume interest on the debt is paid semiannually, and the debt will be outstanding for the full 20-year period, at which time it will be repaid. Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods. a.For each plan, compare the net amount of funds initially available—inflow—to the present value of future payments of interest and principal to determine net present value. Assume the stated discount rate is 14 percent annually. Use 7.00 percent semiannually throughout the analysis. (Disregard taxes.)(Assume the $1.70 million needed includes the underwriting costs.  Input your present value of future payments answers as negative values.  Do not round intermediate calculations and round your answers to 2 decimal places.)    Private Placement   Public Issue  Net amount to Landers$   $     Present value of future payments       Net present value$   $     b.Which plan offers the higher net present value?   Private placementPublic issue

 
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