Branson Valuation

11797 words - 48 pages
Business Valuation Report

The Branson Trucking Company

As of December 31, 2007

for

Dave James

by

Hien Nguyen

Forensic Accounting

Tuesday 5:30-8:30 PM

November 29, 2011

Dear Dave James,

I have been asked to determine the fair market value of Branson Trucking Company as of December 31, 2007 for the purpose of determine your share in the business.

The definition of fair value market value is the price at which the property would change hands between a willing buyer and willing seller, neither being under compulsion to buy or to sell and both having reasonable knowledge of all relevant facts.

Based on the information contained in the following narrative report, in my opinion, the fair market value of 100% interest in Branson Trucking Company as of December 31, 2007 is $4,256,349.

My opinion of value is subject to the assumptions and limiting conditions set forth in this report.

Respectfully submitted,

Hien Nguyen

Forensic Accounting

-------------------------------------------------

Table of Contents

Important Notice and Limiting conditions4

Valuation Approach 5

Industry Overview6

The Assets Approach7

* Adjusted Net Worth

* Liquidation Value

The Income Approach8

* Financial Analysis

* Discounted Future Earning

* Capitalization of Income Method

Summary of Valuation Methods11

-------------------------------------------------

Important Notice & Limiting Conditions

This business valuation report was designed to give an opinion of fair market value. It is not an accounting report, and it should not be relied upon to disclose hidden assets or to verify financi ...

Read More

Similar Essays

Richard Branson

2311 words - 10 pages

Sir Richard Charles Nicholas Branson (born 18 July 1950) is an English business magnate, best known for his Virgin Group of more than 400 companies.[2] His first business venture was a magazine called Student at age 16.[3] In 1970, he set up an audio record mail-order business. In 1972, he opened a chain of record stores, Virgin Records, later known as Virgin Megastores. Branson's Virgin brand grew rapidly during the 1980s, as he set up Virgin Atlantic Airways and expanded the Virgin Records music label. Branson is the 4th richest citizen of the United Kingdom and 254th richest person in

View Document

The Branson Trucking Company Business Valuation Report

11830 words - 48 pages

Branson Valuation Business Valuation Report The Branson Trucking Company by Hien Nguyen - Forensic Accounting - Tuesday, November 29, 2011 Dear Dave James, I have been asked to determine the fair market value of Branson Trucking Company as of December 31, 2007 for the purpose of determine your share in the business. The definition of fair value market value is the price at which the property would change hands between a willing buyer and willing seller, neither being under compulsion to buy or to sell and both having reasonable knowledge of all relevant facts. Based on the information c

View Document

Intersect Investments Benchmarking Analysis

8470 words - 34 pages

Running Head: INTERSECT BENCHMARKING Intersect Investments - Benchmarking Intersect Benchmarking Intersect Investments has the opportunity to benchmark best practices from some of the most successful companies in the world and to apply this knowledge so that they can successfully fulfill the strategic plan. The focus of this paper will be to provide Intersect Investments with an analysis of the following: various change models for short-term and long-term large-scale changes, the implications of leadership styles on the c

View Document

Related Essays on Branson Valuation

  • Meger And Acq

    31278 words - 126 pages

    “International Mergers & Acquisitions by Indian Companies: Impact of Brand & Identity” A Project Report Submitted in partial fulfillment of the requirements for the degree of Master of Business Administration [MBA] Major Project Done by Anubhav Singhal 07MBA013 Under the Guidance of Prof. S. Jeyavelu, Fellow IIM-A Visiting Professor MAY 2009 VIT Business School fostering innovation VIT UNIVERSITY (Est. u/s 3 of UGC Act 1956) Vellore - 632 014, Tamil Nadu, India CERTIFICATE This is to certify that the thesis titled „International Mergers & Acquisitions by Ind

    View Document

    Entrepreneur

    597 words - 3 pages

    The life of Gerry Harvey Gerry Harvey was born in New South Wales Australia. He grew up in his early years in a small town called Bathurst and then moved on to University in Sydney. Gerry wanted to start selling products early in his life and so Gerry sold vacuum’s, fridges and many other appliances to many homes through out Sydney. Gerry Harvey was a very determined young man and when he was younger he wanted to be a farmer. He couldn’t stand the first couple of years of University and have a look now, he operates one of the largest businesses in the world, sitting behind a desk and never e

    View Document

    Marketing Case Virgin Airline

    2757 words - 12 pages

    CASE 8: VIRGIN AIRWAYS ------------------------------------------------- I. BACKGROUND Virgin Atlantic was developed as an offshoot of Richard Branson’s Virgin Group, which was better known at the time in the world of pop and rock music. In early 1984, Branson was contacted by an Anglo-US lawyer called Randolph Fields with a proposal for involvement in a new airline. Recognizing that, like the music business, aviation was a consumer led industry, and tired of the conveyor belt attitude to passengers, Branson decided it was time for Virgin to diversify. On 22 June 1984 Virgin’s in

    View Document

    Starbucks Valuation

    10384 words - 42 pages

    STARBUCKS VALUATION An analyst’s perspective on the past, present and future of America’s coffee giant. Prepared by Gavin Virgo Prepared for Professor Michael Reynolds ADM 4350 – Equity Valuation 8 April 2009 2 Boom and Bust .................................................................................................................................................... 6 Brief Company History....................................................................................................................................... 7 Praise and Criticism....................................

    View Document

    Media

    951 words - 4 pages

    1A05 In my essay I am going to explain who is more successful, Rupert Murdoch or Richard Branson? Firstly Richard Branson… Virgin Founder and Entrepreneur Sir Richard Branson is one of Britain's best known successful entrepreneurs who combine’s his enthusiasm for running the Virgin group with his love for high-risk, high-adventure, world record breaking attempts. After dropping out of school at the age of 15, Richard Branson, who suffers from dyslexia, had his first taste of entrepreneurial success at the age of 16 when he published a student magazine entitled Student.  He then

    View Document

    Geely Analysis

    10943 words - 44 pages

    Geely Automobile AUTOS & AUTO PARTS 0175.HK 175 HK EQUITY RESEARCH Still a good long story June 21, 2011 Rating Remains Target price Reduced from 4.20 Closing price June 21, 2011 Potential upside Growth delayed by short-term headwinds; BUY maintained on cheap valuation, TP cut Action: Maintain BUY We regret overlooking the risk of weak sales and rising incentives in 1H11, which we now believe could jeopardise the company’s sales and earnings growth in FY11. However, we want to highlight the company’s improving product mix, which will support long-term growth. We believe the cu

    View Document

    Leadership Style Paper

    841 words - 4 pages

    Leadership Style Paper Nikiah C. Roberson HCS/475 November 10, 2011 Yvette Stewart Leadership Style Paper Richard Branson has been a popular name in the U.K. for more than a decade and is also appreciated highly in the world of business. The Virgin group was founded by Branson. The group is famous for its record labels, cellular phones, airlines, and numerous other business endeavors. Branson is accountable for an empire worth $5 billion, which is made up of more than 150 various companies worldwid

    View Document

    Service Station

    1352 words - 6 pages

    1 INTRODUCTION Service station is a substantial part of Australian small businesses. As specialised properties, every service station has unique characteristic like location, management strategy. Accounting to the re research paper done by ANZ banks 2006, the number of service station is approx 8000 with Australia in 2006-down by 50% form 25 years ago, and the record of 2001 is 8370 (Toth, 2006). Businesses owners are facing vary treats both domestic and international standards. Traditionally, a service station can get 3% to 4% profit per liter of petrol sold (Perkin, 1998) and the way to sur

    View Document

    Buy Sell Agreement

    2085 words - 9 pages

    Buy- Sell Agreement What is buy-sell agreement? It is a legal document enlisting that if a co-owner dies or unforeseen or retirement event occurs, then a group of co-owners or shareowners in the business has to decide whether to buy or sell the interests or owns in the business of that co-owner. When a new business is being created or an existing business with multiple of investors that wants become partners or co-owner of that business this buy-sell agreement is created in the process. The reason there are buy sell agreements is when an event occurs to an shareowner, another owner decides wh

    View Document

    Hotel

    54770 words - 220 pages

    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Filed with the SEC: February 22, 2006 FORM 10-K ? ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 30, 2005 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 Commission File No. 1-13881 MARRIOTT INTERNATIONAL, INC. (Exact name of registrant as specified in its charter) Delaware (State of Incorporation) 52-2055918 (IRS Employer Identification No.) 10400 Fernwood Road, Bethesda, Maryland (A

    View Document

    The Best Deal Gillette Could Get

    7346 words - 30 pages

    KEL183 Revised June 30, 2011 DAVID P. STOWELL The Best Deal GiIlette Could Get? Procter & Gamble’s Acquisition of Gillette January 27, 2005, was an extraordinary day for Gillette’s James Kilts, the show-stopping turnaround expert known as the “Razor Boss of Boston.” Kilts, along with Procter & Gamble chairman Alan Lafley, had just orchestrated a $57 billion acquisition of Gillette by P&G. The creation of the world’s largest consumer products company would end Kilts’s four-year tenure as CEO of Gillette and bring to a close Gillette’s 104-year history as an independent corporate titan i

    View Document

    Finance Questions

    4994 words - 20 pages

    ST8 1. Chapter 8 - Risk and Rates of Return Question MC #117   Cheng Inc. is considering a capital budgeting project that has an expected return of 40% and a standard deviation of 30%.  What is the project's coefficient of variation? | |   | Student Response | Value | Correct Answer | Feedback | 1. | 0.82 | |   |   | 2. | 0.65 | |   |   | 3. | 0.92 | |   |   | 4. | 0.71 | |   |   | 5. | 0.75 | |   |   | | General Feedback: | Expected return | 40.0% | Standard deviation | 30.0% | Coefficient of variation = std dev / expected return = | 0.75 |

    View Document

    Ioc Annual Report

    74779 words - 300 pages

    Contents n n n n n n n n n n Notice ................................................................. Attendance Card/Proxy Form ............................. Profile ................................................................. 2 9 12 14 17 20 21 22 24 Vision and Values .............................................. Objectives and Obligations ............................... Board of Directors ............................................. Core Team ......................................................... Principal Executives ........................................... Main

    View Document

    Girc Winning Report 2011

    9914 words - 40 pages

    Automobiles & Parts Politecnico di Milano Student Research This report is published for educational purposes only by students competing in the CFA Institute Research Challenge. Piaggio S.p.A. Recommendation: ? Accumulate Price Target: ? € 2.65 Date 01.21.2011 Ticker: ?Bloomberg (Reuters)-PIA IM (PIA.MI) Price: ? € 2.40 Source: Company’s financial statements, PdM estimates Source: Company’s financial statements, Bloomberg, PdM estimates Highlights ? We initiate coverage of Piaggio with an accumulate rating and an end-of-the year target price of € 2.65, that offers a 10.4

    View Document

    Pvt Equity

    42964 words - 172 pages

    168 The Economics of the Private Equity Market George W. Fenn and Nellie Liang Staff, Board of Governors Stephen Prowse Staff, Federal Reserve Bank of Dallas The staff members of the Board of Governors of the Federal Reserve System and of the Federal Reserve Banks undertake studies that cover a wide range of economic and ?nancial subjects. From time to time the studies that are of general interest are published in the Staff Studies series and summarized in the Federal Reserve Bulletin. The following paper, was summarized in the Bulletin for January 1996. The analyses and conclusion

    View Document

Other Popular Essays

Thousands of quality examples at your fingertips!

Writing doesn’t have to be hard. Essays, guides, research papers, and case studies will help you get the inspiration and competitive edge you need for your studies!