When a company requires funs, they usually do so in a form of a bond or a stock, for Enterprise however, that is not the case. Enterprise Rent-a-Car is a private company that does not have any stocks or bonds. Instead, Enterprise focuses on its external sources of equity. A domestic equity offering is offering the US which would be the home country, funds in terms of dollars. “Any funds transferred to subsidiaries have to be converted into the subsidiary’s local currency” (Madura). Being that Enterprise Rent-a-car is a private company, they do not deal with the equity capital or the debt capital strategy. Instead they earn money on investments when someone has to pay out of pocket for car accidents or even medical bills. International Financial Decisions Internationally, Enterprise Holdings operates through its regional subsidiaries and independent franchises also known as Enterprise Rent-A-Car, National and Alamo. These three brands operate in more than 75 countries and territories, including North America , Central America , South America , the Caribbean and Europe , parts of Asia, the Middle East and Africa. Due to its outstanding fleet size, revenue and employee satisfaction, it was named the “Best International Car Rental Company” according to the Travvy Awards. “In 2011, Enterprise 's European operations included only the UK, Ireland and Germany . Today, the company 's three-brand European network covers more than 1,100 neighborhood branch offices and more than 200
Equity capital represents money put up and owned by shareholders. This money can be used to fund projects and other opportunities under the auspice of creating greater value. This type of capital is typically the most expensive. In order to attract
Lake City, Utah to sixty locations throughout the United States. Express 1 started as a reseller of
There are stores not only in Europe but also in North America, Middle East, and Caribbean and Asia- all are 253 stores in 24
Our company TNT Auto Sales Inc. implements a new approach to used car sales. It only begins with the quality and reliability of the cars we sell. Considering the professionalism and customer service experience of the founders, along with the financial training and background, the company is looking forward to flourishing business and ever growing loyal clientele base. The owner, Teneille Norville, has several years of personal experience with buying and selling used vehicles as a hobby and additional income. Since the number of customers and sales volume have significantly grown recently, it is necessary to take the next step and establish an official business in order to continue the expansion.
Today the chain of stores span over 500 individual stores in 11 countries across the world, namely (apart from Canada), Brazil, Panama, Trinidad and Tobago, Australia, New Zealand, United States of America, United Kingdom, France, India, and Singapore.
Equity –This is the interest that shareholders have in business. When an employee purchases stock in a company, making an investment creates capital, a form of equity. Expenses, such as utilities, rent and payroll are all considered equity due to costs incurred to produce revenue. (MyAccountingCourse.com, n.d.)
• International Operations: Products are distributed in New Zealand, Malaysia, Thailand, Taiwan, Singapore and Hong Kong.
There are several factors that guide the choice among debt financing and equity financing such as potential profitability, financial risk and voting control. Equity financing is a method used to obtain capital in order to finance operations, growth or expansion. Sources of equity financing are extremely important. Major sources of equity financial are Retained Earnings, sale of stock, and funds provided by venture capital firms. Profits that are kept and reinvested are called Retained earnings, which is a very attractive source fund due to the savings it provides to the entity by not paying the interests, dividends or underwriting fees related to issuing securities. This source of financing does not dilute ownership, but it
Upon leaving the Navy, former decorated WWII pilot Jack Taylor founded Enterprise Rent-A-Car in 1957. Using the lessons learned from the military, he was successful in incorporating the concept of hard work and team spirit into building one of the largest car rental companies in the United States. Today in addition to renting cars, customers can also rent SUVs, minivans, moving and cargo trucks and there is an exotic car collection available in select cities. The company also offers over 250 models of used cars, trucks and SUV’s for sale complete with warranties.
Enterprise Rent-A-Car has more strengths than weaknesses. This is obvious in their solid product development, big market share, resilient brand uniqueness, outstanding customer service, diverse pickup service, and global market expansion. Being that Enterprise is the top car-rental service provider in the U.S.
stores in the US and 37 distribution centers in the US, also has 127 stores 3
The concept of a company being a separate legal entity is the most striking illustration in separating the company from its owners. A paramount principle of corporate law is that no shareholder or member of a company is made liable for the obligations incurred by such incorporations A company is different from its members in the eyes of law. In continuations to this the opposite also holds true in the sense that neither can the company be held liable for the acts of its members. It is a fundamental distinction that a company is distinct from its members.
Building on its success with the strong regional organization in Europe, P&G replaced its International Division with four regional Entities that assumed responsibility for profitability:
In the continent of Africa, GM owns a subsidiary, with one of its most important clients being the South African railways. GM also has a division in Europe located in Zurich, Switzerland. In Asia, GM has WOSs in two of the business capitals of Asia, Gujarat, India and Shanghai, China. It also manufactures the GM Daewoo brand in South Korea.
It operates in over 80 countries worldwide, selling to approx. 165 countries. The products are sold to supermarket chains, wholesales, and all other comparable stores in the countries.