Assignment 2 Case Study

Jack’s Sandwich Station is one of the best-known and most loved sandwich concessions in town. In business for about five years, he sells sandwiches and other lunch items made from locally produced food from his mobile food trailer. Jack’s passion and talent for creating reliably fresh, tasty lunch fare popular among a business clientele (largely employees and shoppers) has made his small enterprise a booming success.

In the last year, Jack added three bicycle-towed concessions that travels to different strategic locations in town, selling his popular sandwiches to customers who work beyond walking distance of Jack’s Sandwich Station. He now has a total of six employees, all part-time, working the concessions. Because he caters to urban customers, his concessions operate on week days from 10 am to 2 pm.  To promote word-of-mouth advertising, Jack uses Facebook to publish his daily menus and the locations of the bicycle concession.

As a sole proprietor, Jack has been pleased with his lunch business success.  Now it’s time to get serious about the future of his business.  In the short and medium term, he wants to see the business grow into a potentially more lucrative enterprise, implementing a greater variety of food products and services, and increasing his competitive edge in the region.  Ever the ardent entrepreneur, Jack’s long-term dream is to develop his creative, health-conscious culinary skills and services into a wider clientele outside the immediate region.

An opportunity has arisen to lease restaurant space about 20 miles away from his trailer concession location, close to a mall and the suburbs and nearer to his local food producers.  Jack has jumped at the chance and plans to expand his current business. While he has hired professional business consultants to help him set up the space, design the menu, and implement the opening of the restaurant, he must also consider the short- and long-term financing, human resource, and management needs of such an expansion.  Jack is particularly sensitive to his relationship with his customers, employees, and the community.

Assignment Instructions:

In this paper, students will analyze and discuss small business growth in terms of growth strategy, business forms, short and medium term goals, financing assistance, organizational structure and staffing needs, customers and promotion, and ethics and social responsibility. Students are expected to apply business and management concepts learned throughout the course to the case study provided.

Take your time in completing the assignment following the steps below:

Step 1: Review “How to Analyze a Case Study” under Week 7 Content.  In writing this paper, students are expected to use the facts from the case study focusing on using this information to determine opportunities and solve problems.

Step 2: Create a Word or Rich Text Format (RTF) document that is double-spaced, 12-point font. The final product will be between 5-6 pages in length excluding the title page and reference page.

Step 3: Review the grading rubric for the assignment

Step 4: Follow this format:

• Title page with the title, your name, course number and name; and the instructor’s name;
• Introduction
• Body, in paragraph form. Use the following section headings:

•    Growth Strategy
•    Business Form
•    Financing Assistance
•    Organizational Structure and Staffing Needs
•    Customers and Promotion
•    Ethical Issues and Social Responsibility

• Summary paragraph

Step 5: In writing a case study, the writing is in the third person. What this means is that there are no words such as “I, me, my, we, or us” (first person writing), nor is there use of “you or your” (second person writing). If uncertain how to write in the third person, view this link: http://www.quickanddirtytips.com/education/grammar/first-second-and-third-person

Step 6: In writing this assignment, students are asked to support the reasoning using in-text citations and a reference list. A reference within a reference list cannot exist without an associated in-text citation and vice versa

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The job that I want to use for this assignment is right here in this link. I found it on Indeed.com. 

EVENT MANAGER – WEDDING AND SOCIAL MARKET

http://sagehospitality.jobs/minnetonka-mn/event-manager-wedding-and-social-market/5C2638C16F69403E9FDE39D7268E0793/job/

Cover Letter

Using your favorite search engine locate a job opening posting that draws your interest. Once you have found the posting, read more about the position and create a cover letter using one of the templates in Microsoft Word. Be sure to use keywords, as discussed in the lesson. Make sure you modify the template data with your information, personalizing it to highlight your education, skills, and/or talents (not personal traits). The template serves only as a guide to show you how to format your information. Your completed cover letter should have little, if any, of the original template text.

Using Databases

Recall that databases are a quick and easy way to retrieve small pieces of information, contained within a large mass of records or data. While you may not realize it, you probably use a database on a daily basis, and databases have grown to be a very important part of our everyday lives.

For example, when you rent a movie from the local video store, they most likely use a database to retrieve your information. When you hand them your card to check out a movie, the database pulls up your information, and assigns the movie to your name in the database. The database makes this process simple, quick, and accurate.

In a 1-page paper, explain one way that you use a database; this can be something as simple as renting a video like the example above. Describe how you use the database, and how you think the database makes that process easier. In addition, if you could redesign the database you described, how would you do it and what changes would you make?

Use the following formatting techniques to complete the assignment:

• Document is double-spaced
• Spacing before and after the paragraphs is zero
• One inch margins at top, bottom, left, and right
• Student’s name in header
• File name (FileName code in footer)

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Your next assignment as a financial management intern is to apply the knowledge that you acquired while engaging in the cost of capital discussion that you had with your colleagues. In this task, you will be calculating the weighted cost of capital for a firm using the book value of the components and the concepts presented in this phase.

Using the most current annual financial statements from the company you analyzed in Phase 1, determine the percentage of the firm’s assets that are currently be financed with debt (total liabilities), preferred stock, and common stock (common equity). It is very possible that your firm will have very little or no preferred stock, so in this class, the percent would be “zero.” Your ratios should add up to 100%. You will also need to calculate the firm’s average tax rate using the income tax expense divided by the firm’s income before taxes. Use the following tables:

The first component to determine is the cost of debt. You mentor suggests using the Web site that you used in the previous Phase to find the pretax yield-to-maturity of a bond with at least 5 years left before maturity. Using the following table, calculate the firm’s after-tax cost of debt:

Now you will need to calculate the cost of preferred stock. You can use the following table:

To calculate the cost of common equity, you can use the CAPM model. Using current stock data, the yield on the 5-year treasury bond, and the return on the market calculated in Phase 2, you can calculate the cost of common equity using the following table:

Now, you can use the cost and ratios from above to calculate the firm’s weighted average cost of capital (WACC) using the following table:

• After completing the required calculations, explain your results in a Word document, and attach the spreadsheet showing your work. Be sure to explain the following:
  • How would you expect the weighted average cost of capital (WACC) to differ if you had used market values of equity rather than the book value of equity, and why?
  • What would you expect would happen to the cost of equity if you had to raise it by selling new equity, and why?
  • If the after-tax cost of debt is always less expensive than equity, why don’t firms use more debt and less equity?
  • What are some of the advantages and disadvantages of raising capital by using debt?
  • How would “floatation costs” impacted the WACC, and how could they have been incorporated in the formula?

Note: You can find information about the top 500 stocks at this Web site.

Reference

S&P 500 index chart. (2014). Retrieved from the Yahoo! Finance Web site: http://finance.yahoo.com/echarts?s=%5egspc+interactive#symbol=^gspc;range=1y;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=;

Be sure to document your paper with in-text citations, credible sources, and list of references used in proper APA format.

Deliverable Length:  Word document of 700–1,000 words with attached Excel Spreadsheet showing calculations

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This question is an Applied Probability question, and i need details steps. Thanks!

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