Share repurchase

million of debt – all of which represented capitalized leases. Krispy Kreme’s financing activities, involving the issuance and/or repurchase of the company's own bonds or stock as well as short-term and long-term borrowings and repayments, grew at a substantial rate as well. For 2013, the Company had a strong showing whereas it was able to repurchase $20 million of its shares for an average price of $6.42. For 2014, the Company had a cash balance at year end of more than $55 million, despite…

Based on my analysis from the third quarter 10-Q’s comparative common-sized financial statements, and the earnings quality, I think there are three aspects should be attention-directing for the auditor in planning and performing the audit. First, double checking the inventory. As a retailer company, inventories are the most important assets that account for more than half of the pier 1’s assets and they are the main resource of revenue, so this account has high risk and should be kept on a…

earnings are insufficient to finance all its investments, the shortfall in funds will be made up by obtaining additional funds from outside sources. As a result of obtaining outside finance instead of using retained earnings: Loss of value in existing shares = Amount dividend paid. If we hold the company’s investment policy and capital structure…

FIN3CSFS2 2015 \ Abstract: This case analysis studies the financial performance and position of California Pizza Kitchen (KPC) including available sources of finance with optimal weightage to cost of capital minimal by share repurchase and their effect on share price and return. Question No. 1 As the history of California Pizza Kitchen (KPC) is concerned, it was incorporated in 1985 In Baverlly Hills, California. By mid of 2007, it was expanded with 213 retail outlets round the…

In his pioneer model for dividend smoothing, Lintner (1956) proposed that firms in general have a long-run target payout ratio. The role of the managers is to gradually adjust firm payment of dividends toward the target. However, in this model adjustments are partial because they are not free and the firm has to incur a cost for the adjustment. The Lintner model for partial adjustment is given by: Dit – Dit-1 = ai + ci (D*it – Dit-1) + εit (1) where Dt and Dt-1 are dividend payments at…

The case talks about decisions board has to make about special dividends. The CFO has made a report for the Board. Linear could repurchase shares instead? Or Linear tech could pay out its entire cash balance as a special dividend, Linear Technology payout policy. The company was founded in 1981 in California, by Robert Swanson. IPO was in 1986 ,NASDAQ. They manufacture custom-design integrated circuits (semiconductors) for electronic applications in the telecommunication, computer and the…

R1 BRAND EQUITY As brand image are receiving more concerns, brand equity and brand awareness are one of the most crucial factors that affects consumers’ repurchase intention. Aaker (1992) describes brand equity as ‟ a combination of assets and liabilities correlated to a brand name and its symbol, which could give beneficial or detrimental impacts on the commercial values that derives from a product or service” whereas brand awareness is explained by Keller (1993) as the extent to which…

83(b) election? Restricted Equity vs. Options Restricted equity is typically granted and purchased at a nominal value (often, $0.0001) and the recipient purchases and owns all of the equity up front subject to either restrictions on transfer, a repurchase option, or both. Restricted equity…

increasing cash to investors. The company has paid quarterly dividend each quarter since 1961 and has raised dividends over the last 54 straight years, making it a dividend aristocrat. Last year, the company increased its dividend by 25% to $0.35 per share, yielding around 1.70%. This year, analysts expect LOW to make at least 20% increase in quarterly dividend. On the other hand, the company has also…

variable rate debt to results in a lower overall cost of lending. Under the debt management policies in Coca-Cola Company, the share repurchases programs and investment activities are…