Ebook Hospitality financial management: Part 2
➤ Gửi thông báo lỗi ⚠️ Báo cáo tài liệu vi phạmNội dung chi tiết: Ebook Hospitality financial management: Part 2
Ebook Hospitality financial management: Part 2
THE TIME VALUEOF MONEVFEATURE STORVRay Kroc: How Much Gold Are the Golden Arches Worth?In 1965, McDonalds went public with its first stock offering. I Ebook Hospitality financial management: Part 2If you purchased 100 shares of stock at that time, they would have cost you S2.250. Today, your initial investment would have a value of well over S2.2 million.McDonald's success was founded on the entrepreneurial zeal of Ray Kroc. who used his almost evangelical ability to motivate nearly everyone Ebook Hospitality financial management: Part 2he encountered. These qualities enabled Kroc to build the largest and most successful restaurant franchise company in the world. His fair and balancedEbook Hospitality financial management: Part 2
franchise partnership is said to be his greatest legacy.Ray's operating credo of "Quality. Service. Cleanliness, and Value” became the mantra for allTHE TIME VALUEOF MONEVFEATURE STORVRay Kroc: How Much Gold Are the Golden Arches Worth?In 1965, McDonalds went public with its first stock offering. I Ebook Hospitality financial management: Part 2ency made178 CMAPTCR 7 THE TIME VALUE OF MONEYit possible for a customer to get an identical Big Mac* and fries in Houston or in Moscow. To underscore his own commitment to "taking the hamburger business more seriously than anyone else." he established Hamburger University and demonstrated his willi Ebook Hospitality financial management: Part 2ngness to invest in the training and education of McDonald's people. McDonald's Golden Arches are said to be the second most widely recognized trademaEbook Hospitality financial management: Part 2
rk in the world. It has been said that 96% of all Americans have eaten at a McDonald’s restaurant on at least one occasion. Today. McDonald's is one oTHE TIME VALUEOF MONEVFEATURE STORVRay Kroc: How Much Gold Are the Golden Arches Worth?In 1965, McDonalds went public with its first stock offering. I Ebook Hospitality financial management: Part 2ach day. How much do you think those original 100 shares of stock will be worth in another fifty years?SOURCEShttp://www.mcdonalds.com/corp/news/cofppr/2005/cpr_04152OO5.htmlhtlp://www.hoovcrs.com/mcdonald's/—ID_10974—/frcc-co-faclshccl .xhtml.“Ray Kroc. 1996 Hall of Honor Inductee of the Hospitalit Ebook Hospitality financial management: Part 2y Industry I lull of Honor.’ http://www.hrm.uli.edu/ home.asp? Page ll)= 191.Robbins, T. ‘Ray Kroc Did It All for You." Esquire, 100, pp. 340-342, 344Ebook Hospitality financial management: Part 2
(December. 1983)._______________________________Learning Outcomes1Define the concept of time value of money.2Understand the concept of market value.3THE TIME VALUEOF MONEVFEATURE STORVRay Kroc: How Much Gold Are the Golden Arches Worth?In 1965, McDonalds went public with its first stock offering. I Ebook Hospitality financial management: Part 2oney calculations using a business calculator or an Excel spreadsheet.Preview of Chapter 7l ime Value of Money1THE CONCEPT OF TIME VALUE OF MONEY (TVM)a.The value of a dollar todayb.The future value of a dollar Invested todayc.The present value of a dollar to be received in the future2THE MARKET VAL Ebook Hospitality financial management: Part 2UE CONCEPTa.The sum of projected future cash flows to be generated by the investmentb.The factors that influence the market value of an investmenti.AmEbook Hospitality financial management: Part 2
ount of cash flow projected to be generatedii.The timing of the cash flowill. The risk of projected cash flow not being achievedIV. The mix of capitalTHE TIME VALUEOF MONEVFEATURE STORVRay Kroc: How Much Gold Are the Golden Arches Worth?In 1965, McDonalds went public with its first stock offering. ITHE TIME VALUEOF MONEVFEATURE STORVRay Kroc: How Much Gold Are the Golden Arches Worth?In 1965, McDonalds went public with its first stock offering. IGọi ngay
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