Hop in

In: Business and Management

Submitted By Thodge777
Words 405
Pages 2
Timothy Hodges
Finance 423
Hop In Foods Strategy Paper

Hop in foods is a Virginia based convenient store like 7 eleven. Hop in foods have been acquiring stores and assets at a rate that will require additional working capital. The company also wants to reduce the level short term debt so they can borrow at a better rate should the need arise. Furthermore Hop In also wants to provide additional capital using an initial public offering equity funds. Hop in foods is also wants to determine the proper stock price for this offering if the new stock is overpriced there is a possibility that the demand may be lower and halt market development. If underpriced Hop in has the risk of not obtaining the full value of the company. One of the first things we can determine is the cost debt for this type of company. Using the Altman Z scoring formula I can assess the credit worthiness of the firm. This will also help me determine the likely hood of a company going bankrupt in the next two years. Z scores greater than 2.99 are usually considered safe so that will be the bench mark. Next is to determine the weighted average cost of capital using the given beta, the expected market return dating from the 1960s to 1976 and 5 year Treasury bill rates. Next is to determine the capital structure of the company. The data provided about the acquisitions of different stores and the cost of the assets gives us a basis for projecting the future revenues. Looking at the additional revenue streams each store will bring we can now project revenues. I would use the percentage of sales method to determine the cost of goods SG&A etc. After that we discount the cash flows at the appropriate rate. Valuing an IPO is no different than valuing an existing public company. Consider the cash flows, balance sheet and profitability of the business in relation to the…...

Similar Documents

Hip Hop

...WHAT IS HIP HOP? By: Mohammed Al-Salem Hip Hop is a cultural movement that developed in New York in the 1970’s, primarily for the African-American and Latino population. Hip Hop consists of four elements; MCing, deejaying, graffiti art and breaking (b-boy/b-girl). The cultural pillars that Hip Hop is founded on are comedy, rivalry, nursery rhymes, storytelling, poetry, and rhyming tendencies in humans. Hip Hop was born in the South Bronx at a summer block party. The father of Hip Hop, DJ Clive “Kool Herc” Campbell is a Jamaican that built upon the Jamaican tradition of toasting. Toasting is rapping the impromptu poetry over music, with this tradition in mind DJ Kool Herc created the blueprint for Hip Hop music as he began to isolate the instrumental portion of the record, creating the break beat; an isolation of one particular section of a musical composition to have a vamp for an MC or b-boy/b-girl. He then added another turntable and bought two copies of the same record to elongate the break beat – this technique is the foundation of Hip Hop and eventually led to the deejaying styles of a pair of legendary deejays, Afrika Bambaataa and Grand Master Flash. Since the first rap record in 1979, “Rapper’s Delight” by Sugar Hill Gang, Hip Hop as a culture has grown immensely and is continuously spreading around the world influencing so many lives. However, before Hip Hop music even existed there were music genres like jazz, rhythm and blues, soul and funk that......

Words: 1621 - Pages: 7

Hip-Hop

...My first experience of Hip-Hop music was “White America” by Eminem. At that time, I was 15, and my school senior who came back from Australia recommended to me. As soon as I listened to the song, I fell in love to the song. Before that time, my image of Hip-Hop was a music performed by African American people, so I remembered that I was very surprised to the fact that Eminem was not. In my knowledge the difference between Hip-Hop music and Pop music was that each words were linked with fast tempo in Hip-Hop musics. I felt like I listened to “the language game of black language games”(Henry Louis, pxxlll). Also, I felt Hip-Hop music had more clear message in a lyric than Pop music. As I learned about what Hip-Hop is all about from the course, I realized that the Hip-Hop music I am listening to now is not really a Hip-Hop music. From the course I found out that Hip-Hop is an art of self-assertiveness or the soul yearns for freedom from restrictions by African American people. Before Hip-Hop music appeared, everything was dominated by white people. Public had treated African American as symbol of evil for a long time even in media. For example, the movie “ Planet of the Apes”(1968) is the one well portrayed the relationship between white and African American people. In the movie, apes hated humans without reasons and lynched humans to death. In the text “THE HIP HOP WARS”, the author quoted “ I ain’t never shot nobody, I ain’t never stabbed nobody, I’m forty-five years old......

Words: 584 - Pages: 3

Hip Hop+

...History of Rap Rap Music, a genre of R&B that includes rhythmic poetry put over a musical background. The background consists of beats combined with digitally isolated sound bites from other recordings. The first recording of rap was made in 1979 and the genre began to take notice in the U.S. in the mid-1980s. Though the name rap is often used back and forth with hip hop. The name hip-hop comes from one of the earliest phrases used in rap on the song “Rapper’s Delight” by Sugarhill Gang. “I said a hip hop, hippie to the hippie, the hip, hip a hop, and you don't stop, a rock it to the bang bang boogie, say, up jump the boogie, to the rhythm of the boogie, the beat.”. In addition to rap music, the hip-hop subculture also formed other methods of expression like break dancing, graffiti art, a unique slang vocabulary, and fashion sense. Rap started in the mid-1970s in the South Bronx area of New York City. The birth of rap is, in many ways, like the birth of rock and roll. Both originated in the African American community and both were first recorded by small, independent record labels and marketed towards, mostly to a black audience. And in both cases, the new style soon attracted white musicians that began performing it. For rock and roll it was a white American from Mississippi, Elvis Presley. For rap it was a young white group from New York, the Beastie Boys. Their release “(You Gotta) Fight for Your Right (To Party!)” (1986) was one of the first two rap records to......

Words: 1338 - Pages: 6

Skip Hop

...Q1: 1) Do you have centralized or decentralized purchasing system? Single purchasing department or or plant level purchasing departments, individuals make their own decisions? • Centralized Q2: Do you use electronic procurement system? • No Q3: Do you outsource production of your products? • Yes Q4: What percentage do you outsource? 100% - all products are made in China Q5: What are the reasons for outsourcing? • Cost advantage Q6: Do you plan to insource • No Q7: What criteria are important for Skip Hop selecting suppliers? • Process and product technologies • Quality • Cost • Ordering cost • Carrying cost • Logistical cost • Payment terms • Financial stability • Lead time reliable • Order system or cycle time (Is it easy to order? Is it quick?) • Communication capability • Services like product information, warranty services. Q8: Do you have supplier development programs? • No Q9: Do you train your suppliers? • Yes Q10: Do you invest in supplier development programs? • No Q1: Do you involve suppliers before creating a product • Yes Q2: Do you products have ISO 9000 certification? Respondent skipped this question Q3: Does your company have ISO 1400 certification? Respondent skipped this question Q4: How do you determine amount of supplier? based on production needs, materials availability and what factories specialize in Q5: How many supplier do you have? 4 or 5..not sure. I'll need to double check Q6: How do you divide workload in......

Words: 1656 - Pages: 7

Hip Hop

...11/08/13 Hip Hop Made Me Do It! From the vulgar and raw lyrics of NWA to the simply educating lyrics of Jay-Z hip hop has been the blame for many issues that occur in our society. These issues do not only range within the field of crimes, but hip hop has also been the blame for cultural and gender relations. Hip hop is probably the youngest genre of music and has yet been so impactful in its short amount of time. But is it reasonable to place the blame on this popular form of expression? Is the excuse ‘hip hop made me do it’ firm, respected, and truthful? Why hip hop? It is not only the black community where hip hop is the blame for such things as drugs and violence but cross culturally people find hip hop as the excuse. Hip hop seems to be seen as the most impactful and widely endorsed. While the other forms of media seem to be overlooked or not as important. There are “action movies” that always seem to include some amazingly cool shootout where a hero emerges from the smokes. There are the constant military commercials encouraging youth to “fight” for their country. The also popular blame is video games. A couple of the most popular video games include Grand Theft Auto (GTA) and Call of Duty (COD). In order to beat GTA you must successfully commit crimes and get away with them while COD wants you to get the most kills (especially when playing live). During a hip hop debate that aired on BET in 2012 Michael Eric Dyson opens up with a statement on hip hop......

Words: 1161 - Pages: 5

Hip Hop

...ip hop (stylized as Hip-Hop) is a broad conglomerate of artistic forms that originated within a marginalized subculture in the South Bronx and quickly spread through other parts of New York City such as Harlem among African American and Latino American youth during the late 1970s.[2][3][4][5] It is characterized by four distinct elements, all of which represent the different manifestations of the culture: rap music (oral), turntablism or "DJing" (aural), breaking (physical) and graffiti art (visual). Even while it continues in contemporary history to develop globally in a flourishing myriad of diverse styles, these foundational elements provide stability and coherence to the culture.[2] The term is frequently used mistakenly to refer in a confining fashion to the mere practice of rap music.[citation needed] The origin of the hip hop subculture stems from the block parties of the Ghetto Brothers, when they plugged the amps for their instruments and speakers into the lampposts on 163rd Street and Prospect Avenue and used music to breakdown racial barriers, and from DJ Kool Herc at 1520 Sedgwick Avenue, where Herc mixed samples of existing records with his own shouts to the crowd and dancers. Kool Herc is credited as the "father" of hip hop. DJ Afrika Bambaataa of the hip hop collective Zulu Nation outlined the pillars of hip hop culture, to which he coined the terms: MCing or "Emceein", DJing or "Deejayin", B-boying and graffiti writing or "Aerosol......

Words: 469 - Pages: 2

Hip Hop

...In hip hop women are constantly being judged based off their looks, and what kind of body they have. They are often exploited in hip hop artists (mostly male) music videos just to shake their big butts in a tiny bikini fully exposed. Sometimes it seems that males treat these woman like objects instead of human beings. Nowadays it’s considered the norm for these girls to dance around basically naked which is unfortunate, but what’s even worse is that some of these women are completely okay with doing this just to get their names out there for possible jobs in the future. It’s not only music videos that exploit these women, it even started back in the day when hip hop was started to get into the gangsta rap phase. The movie “Boyz In The Hood” is a perfect example of women’s bodies were exploited in hip hop culture. Also Rivera’s article Butta Pecan Mamis is another great article explaining the exploitation of women’s body through hip hop. In the movie “Boyz in the Hood” women and their bodies were exploited during a lot of parts in the movie. Doughboy who was played by Ice Cube was one of the main people to exploit women and their bodies. When he just got out of jail his mother threw him a welcome back party and everyone in the neighborhood was there. All of the guys would be on one side and the girls on the other, but the men would talk about them saying what they would do to them if they had the chance. Or who gets more “bitches” than the other as if they are not people...

Words: 887 - Pages: 4

Hip Hop

...Essay Question 2 Gender has shaped Hip-hop since the very beginning by influencing Hip-hop narratives and redefining gender roles; it comes to no surprise that gender has also influenced MCs and their work. In fact gender identifications have been so impactful they help determine an artist’s success in the music industry. MCing is known to be a male dominated art form and it is very difficult for females to become successful without having to conform to the preconceived notions about women in the music industry. In the Hip-hop world many male artists have created stereotypes for both men and women and their place in the Hip-hop music (NHP 06-11-2012). For some male artists these stereotypes have made success more achievable while, on the other hand, these stereotypes have made it harder for female MCs to rise to success. There’s no denying that Hip-hop stereotypes are an important component of Hip-hop performance (NHP 06-13-2012) in fact many artists today feel the need to utilize these stereotypes in order to get ahead in the game. For example, Big Sean is one talented MC in mainstream Hip-hop that doesn’t refrain from having half naked women dancing around in his music videos. His videos emphasize the most popular stereotypes which refer to women as “hoes”, “bitches” and “gold-diggers” (NHP 06-13-2012). Although these names are degrading and disrespectful to women, it is quite unfortunate that they have become acceptable in the music industry. It is also unfortunate......

Words: 826 - Pages: 4

Hip Hop

...Jake Lindfors American rapper, record producer, author, singer, or icon; any of these terms can be used to describe what Kanye West is. Raised in Chicago, Illinois by his mother, he started producing local artists which later led to big things. Since the beginning of his career Kanye worked with big names in the hip hop business such as Jay Z. Though he had faced some hard-hitting situations, with help from family and friends as well as his faith, Kanye pulled through as a stronger more influential person. Given the name Kanye Omari West, Kanye was born on June 8, 1977 in Atlanta, Georgia. His father, Ray West, was a former Black Panther as well as one of the first black photojournalists at the Atlanta Journal-Constitution. His mother, Donna West was a Professor of English at Clark Atlanta University, and the Chair of the English Department at Chicago State University. Eventually, Donna West retired to become Kaye’s full-time manager. When Kanye was only three years old his parents got a divorce which is when he moved to the south side of Chicago where he was raised in a middle class environment. He attended Polaris High School in Oak Lawn, a suburb of Chicago before attending the American Academy of Art in Chicago. He was also enrolled at Chicago State University for a period of time but due to his poor grades, he dropped out. His grades were not the only reason for dropping out, he had a passion for music and had a primary interest in working on his music......

Words: 879 - Pages: 4

Hop in Food

...Hop-In Food Stores Inc. is a successful, regional convenience-food store chain. Within 10 years and 84 stores later, the company was able to grow at a 55-percent annual rate. Using the strategy of growth by acquisition worked for a while for the company and helped generate sufficient revenues, but now new measures need to be taken to generate funds. When Mr. Merriman is choosing a set price for Hop-In Food Stores Incorporated’s initial public offering, several factors should come into the decision. First, the choices of the company and the company’s characteristics are vital in the decision. Understanding what the firm owns and holds in debt will help to establish a value on Hop-In Food Stores. This provides a big link between the value of the company and how much more capital you would like to raise and will be able to raise. Underwriting is also an important aspect of IPO’s because it allows the company to realize what the demand is and how the company can meet it. Looking at past IPO’s of similar companies will also give a good idea as to what was used, why it was used and what went wrong. The risks of pricing the stock too high can cause low share amount purchases by the public, unbalanced books, and insufficient amount of capital that Hop-In Foods was hoping to raise. Additionally overpricing leaves room for the market for their shares to not develop. This leaves needed capital that isn’t available to expand the company and continue generating revenues. Overpricing......

Words: 435 - Pages: 2

Hop-in-Foods

...Hop-In Food Stores, Incorporated Strategy Paper There are many risks associated with both underpricing and overpricing an IPO relative to the underwriting company as well as to the company issuing the IPO. If Scott and Stringfellow were to underprice the IPO, they could easily be criticized for not obtaining the maximum possible value for Hop-In Food. This could lead to a loss of underwriting business not only from Hop-In Food, but from other corporations as well. Scott and Stringfellow could lose a good reputation and solid brand if they underprice Hop-In’s IPO, and there could be a possible increase in litigation costs from Hop-In. If Scott and Stringfellow were to overprice Hop-In’s IPO, there is a chance that the market will not develop and that the securities would be “stuck on the banker’s shelf.” In the case of Hop-In, Scott and Stringfellow purchased all of the offerings, meaning that all of the risk associated with properly pricing and selling them was transferred to Scott and Stringfellow. Goodwill among Scott and Stringfellow and the selling group would be damaged and their network would be weakened. If the IPO is underpriced, the risks for Hop-In vary. A low initial price can easily and immediately make Hop-In lose significant amounts of profit if there are considerable stag profits. The lost capital from the stock price jump could have been raised for and reinvested in the company. If the IPO is overpriced, Hop-In risks losing market with their stock. If......

Words: 728 - Pages: 3

Hip Hop

...What exactly is hip hop? When reading an article about hip hop written by James McBride, he informs us how hip hop has the purpose of sending us a message. He expresses his feelings towards hip hop, and explains the influence it has worldwide, Agreeing with James’ claim, hip hop sends a message through the generations, outbreak, and history. Throughout the generations hip hop keeps sending a message to teens. Hip hop started in people’s teen years and teens were most influenced by this outrage. Their style, and actions are all influenced by hip hop. Even though people nowadays have a different mindset of what hip hop actually is, it still has and stays having a huge affect on teens now. Hip hop sends a message through its outrage it had back in the day. The way it caused people to be out in the streets, making beats. Also it had an influence on DJ’s , as said in the article a DJ at a club used turntable and mixed two beats together causing the crowd to go mad wild. During the 1980’s it started to become a more of an impact and had a huge outbreak. The influence of hip hop has some history to its beginning. It started in the Bronx and people like Biggie Smalls became a huge inspiration to the people. It was an “overwhelming force” said McBride in his article. There had not been such a huge outbreak since swing jazz in 1930’s. The history was whta started this huge influence. Through the generations, outbreak, and history hip hop has had it does have an influence on...

Words: 299 - Pages: 2

Hip Hop

...Anaya Ragland April 30, 2012 English Composition II Dr. Janardanan Research Analysis Essay The Influence of Hip Hop on Today’s Youth “After silence, that which comes nearest to expressing the inexpressible is music.” This profound statement from English writer, Aldous Huxley, demonstrates the importance that music obtains in today’s society. Simply, music is a form of expression, not limited to any specific genre. Although this expression is not limited to one genre, there is one that seemingly obtains the title of most controversial. The Rap/Hip-Hop genre has been harshly criticized for the topics of discussion in which many songs entail, and the various projected images. Everything has its pros and cons; many people have lost sight of its purpose. Student of Dartmouth College, Rebecca Heller states, "Many people don't realize that hip-hop began by bringing communities and neighborhoods together on the streets of the South Bronx." Hip-Hop is not only a tool of personal expression, but it is also a tool of communal empowerment. Tricia Rose, author of Black Noise, writes that “it is a black cultural expression that prioritizes black voices from the margins of urban America” (2). Hip-Hop is a social movement. It is a way for the African-American community to identify, as the search for identification is a struggle. “Hip hop emerges from a complex cultural exchanges and larger social and political conditions of disillusionment and alienation” (59). In today’s......

Words: 676 - Pages: 3

Hip Hop

...Abdul Bagrahiay English 1A Professor Ferns July, 7th 2016 Concept Essay Drafting Assignment 3 I have chosen a topic instead of doing conducting field research I will do Hip hop, where it was originated and where it was from? And how it has evolved over the years? How it is nowadays? The term hip hop is a big thing nowadays and it was found in New York, among black and latino ghetto. The main components of Hip Hop are Rap, Break Dancing, Graffiti, In south Bronx 1967 came Clive Campbell. He is a well known hip hop founder and his name was a big thing in those years. The hip hop originated in 60th and 20th century and it still exists today. http://prezi.com/m/uwz8x4klgu2w/where-did-hip-hop-originate-and-who-were-its-founders/ The hip-hop culture began in the streets of New York City over twenty-five years ago and it has gone through very big changes through the years of the past. Hip-Hop consists of four element, rap, graffiti, break-dancing, and the disc jockey. In this paper, I intend to fully explain the evolution of rap music, from its fame to the giant industry it is today. I will complete a big paper of how hip hop has evolved and is eve loving in the modern day. http://employees.oneonta.edu/bealt/alexander.htm "Hip hop and rap have many important influences—R&B, funk, soul, jazz, rock and roll performers; poets, and writers like Iceberg Slim; and stylistic forebears like Muhammad Ali and Richard Pryor. Few of these can match the importance of the spoken-word......

Words: 457 - Pages: 2

Hi Hop

...movement. For the music genre, see Hip hop music. For other uses, see Hip hop (disambiguation). Graffiti of "hip hop" in Eugene, Oregon Hip hop is a form of musical expression and artistic subculture that originated in African-American and Hispanic-American communities during the 1970s in New York City, specifically the Bronx.[1][2][3] DJ Afrika Bambaataa outlined the four pillars of hip hop culture: MCing, DJing, B-boying and graffiti writing.[4][5][6][7] [8] Since its emergence in the South Bronx, hip hop culture has spread to both urban and suburban communities throughout the world.[9] Hip hop music first emerged with disc jockeys creating rhythmic beats by looping breaks (small portions of songs emphasizing a percussive pattern) on two turntables, more commonly referred to as sampling. This was later accompanied by "rap", a rhythmic style of chanting or poetry presented in 16 bar measures or time frames, and beatboxing, a vocal technique mainly used to imitate percussive elements of the music and various technical effects of hip hop DJ's. An original form of dancing and particular styles of dress arose among fans of this new music. These elements experienced considerable refinement and development over the course of the history of the culture. The relationship between graffiti and hip hop culture arises from the appearance of new and increasingly elaborate and pervasive forms of the practice in areas where other elements of hip hop were evolving as art forms, with a......

Words: 8353 - Pages: 34