Guillermo Furniture cash flow analysis

Reto S.A.
Reto S.A.
Question 1:
Since we are initially ignoring the effects of taxes and do not know the required return, (we initially
know only that debt costs 8% but are not provided any information regarding equity costs) the only
available option is to use either a non–time value based evaluation or the internal rate of return:
|Cash Flow |Time | |Amount |
| | | | |
|Equipment Cost |0 |SFr |–600000 |
| | | | |
|Revenue |1–10 | |2000000 ... Show more content on Helpwriting.net ...
|–600000 | | | | | |–600000.00 |
|1 | |200000 |110000 |60000 |27000 |137000 |122321.43 |
|2 | |200000 |110000 |60000 |27000 |137000 |109215.56 |
|3 | |200000 |110000 |60000 |27000 |137000 |97513.89 |
|4 | |200000 |110000 |60000 |27000 |137000 |87065.98 |
|5 | |200000 |110000 |60000 |27000 |137000 |77737.48 |
|6 | |200000 |110000 |60000 |27000 |137000 |69408.46 |
|7 | |200000 |110000 |60000 |27000 |137000 |61971.84 |
|8 | |200000 |110000 |60000 |27000 |137000 |55332.00 |
|9 | |200000 |110000 |60000 |27000 |137000 |49403.57 |
|10 | |200000 |110000 |60000 |27000 |137000 |44110.33 |
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Energy Inc. case
Scenario 1
Energy Inc. has a present obligation (IAS 37–17) and probable liability (ASC 450–20–25–2) on
December 31, 2011 as a result of a past event, the contamination of the land, because it is virtually
certain that a draft law requiring cleaning up will be enacted. It is probable (more likely than not)
that Energy Inc. will be required to transfer economic benefits in settlement which is an outflow of
resources embodying economic benefits in settlement (IAS 37–23). The amount of the obligation or
loss can also be estimated reliably since Energy Inc. has made similar payments for cleanup in other
countries, which is the best estimate of the costs of the clean (IAS 37–36/ASC 450–20–25–2). As a
result, according to IAS 37–14, Energy ... Show more content on Helpwriting.net ...
As indicated in the definition of contingency, the term loss is used for convenience to include many
charges against income that are commonly referred to as expenses and others that are commonly
referred to as losses. The Contingencies Topic uses the terms probable, reasonably possible, and
remote to identify three areas within that range.
ASC 450–20–25–2 An estimated loss from a loss contingency shall be accrued by a charge to
income if both of the following conditions are met:
(a) Information available before the financial statements are issued or are available to be issued (as
discussed in Section 855–10–25) indicates that it is probable that an asset had been impaired or a
liability had been incurred at the date of the financial statements. Date of the financial statements
means the end of the most recent accounting period for which financial statements are being
presented. It is implicit in this condition that it must be probable that one or more future events will
occur confirming the fact of the loss.
(b) The amount of loss can be reasonably estimated.
The purpose of those conditions is to require accrual of losses when they are reasonably estimable
and relate to the current or a prior period. Paragraphs

Merage Case File
Group Name_________________ Group No. ________
Answer Sheet for Merage Capital Budgeting Case:
Q. 1: Free Cash Flow: (1 Point)
Free cash flow is determined by adding up all the company's incoming cash and then subtract the
cash that the company is obliged to payout, which includes all expenses, debt service, preferred
dividend and capital expenditures related to the fiscal period.
The result tells us how much cash was left over or how short of cash the company was at the end of
the fiscal period.
Q. 2: Land: (1 Point)
Nothing, as it is mentioned that the value of the land will not be significantly different after 5 years
so there is no opportunity cost. The center can sale the land after 5 years. The cost has already ...
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Q. 7: Payback: (1 Point)
Payback period is the time in which the initial cash outflow of an investment is expected to be
recovered from the cash inflows generated by the investment. It is one of the simplest investment
appraisal techniques.
|Payback Period = |Initial Investment |
| |Avg. Cash Inflow per Period |
Q. 8: NPV (1.5 Points)
The difference between the present value of the future cash flows from an investment and the
amount of investment. Present value of the expected cash flows is computed by discounting them at
the required rate of return.
Positive NPV (i.e. Discounted Inflow > Discounted outflow) = accept the project
Negative NPV (i.e. Discounted Inflow < Discounted outflow) = Do not accept the project

Zero NPV (i.e. Discounted Inflow = Discounted outflow) = Indifferent
Q. 9: IRR: (1.5 Points)
The internal rate of return refers to the rate which equates the present value of cash inflows and
present value of cash outflows. In other words it is the rate at which net present value of the
investment is zero. If the net present value is positive, a higher discount rate may be used to bring it
down to equalize the discount cash inflows and vice versa. That's why internal rate is defined as the
breakeven financing rate for the project.
Q. 10: Sensitivity

ACC 300 Week 4 Individual Problem Set I
Problem Set 2: Week Four
ACC/300
P12‑1A
You are given the following transactions that occurred in the latest fiscal year.
Distinguish among operating, investing, and financing activities.
Complete the table, indicating whether each item (1) should be reported as an operating (O) activity,
investing (I) activity, financing (F) activity, or as a noncash (NC) transaction reported in a separate
schedule, and (2) represents a cash inflow or cash outflow or has no cash flow effect. Assume use of
the indirect approach.
Transaction Where Reported Cash Inflow, Outflow, or No Effect?
Depreciation expense on the plant assets Noncash (NC) Inflow
Paid interest expense. Investing (I) Outflow
Cash from a sale of ... Show more content on Helpwriting.net ...
2012 2011
Accounts receivable $70,000 $60,000
Accounts payable 41,000 32,000
Income taxes payable 13,000 7,000
Retzlaff Company
Statement of Cash Flows (Indirect Method)
For the Year Ended December 31, 2012
Net Income $300,000
Adjustments to Reconcile Net Income to Cash from Continuing Operations
Increase in Accounts Receivable ($10,000)
Increase in Accounts Payable $9,000
Increase in Income Taxes Payable $6,000
Net Cash Inflows from Operating Activities $305,000
P12‑6A

Mazor Company
Statement of Cash Flows (Direct Method)
For the Year Ended December 31, 2012
Cash Inflows from Revenue $15,000
Cash Outflows for Expenses $10,000
Income Before Income Taxes $300,000
Net Cash Inflows from Operating Activities $305,000
P12‑7A
The following are the financial records of Helwany Company.
HELWANY COMPANY
Comparative Balance Sheets
December 31
Assets 2012 2011
Cash $35,000 $20,000
Accounts receivable $20,000

Pro Forma Cash Flow Calculations for Guillermo Furniture
Pro Forma Cash Flow Calculations for Guillermo Furniture Guillermo Furniture are considering
their potential future, there are three choices; to continue as they are, to adopt a high tech strategy or
finally to adopt a broker strategy. The way that the strategy is implemented will also depend on a
decision concerning the structure of the firm and whether or not it will remain as a sole proprietor
business. If the firm does not remain as a sole proprietorship it may become either a partnership, or a
limited company/Corporation. If company was to become a partnership Guillermo need to find a
partner, and was then share ownership and risks. However, it does not appear there only likely
partners, furthermore with falling revenues undertaking a strategy that will require sharing of
revenues is unlikely to be acceptable. If Guillermo forms a Corporation there are some advantages, a
corporation will have its own legal identity, which will mean Guillermo will not carry the risk risks
associated with the business personally, they belong to the business. However, setting up a
corporation can be costly, and a new corporation may find it difficult to borrow money. If the
organization needs to borrow money in order to fund the development, it is highly likely that
Guillermo will be asked to provide personal guarantees, which will undermine the protection
afforded by the corporate veil. Therefore, it would appear there are no significant advantages to
changing the existing ownership

Fasb Application Paper
FASB issues different types of exposure documentation to solicit input on its standards setting
activities, includes discussion papers, exposure drafts, preliminary views and comment section. One
of standards and rulings that being contemplated through pending exposure draft document of FASB
is the proposed accounting standard update on Statement of Cash Flows (Topic 230) specifically on
classification of certain cash receipts and cash payments which is a consensus of the FASB
Emerging Issues Task Force. The stakeholders has stated there are diversity in the statement of cash
flows on how certain cash receipts and cash payment are presented and categorized. This proposal
of accounting standards update is to provide solution on eight specific ... Show more content on
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Currently under GAAP, the eight cash flow issues have either no guidance or provide unclear
guidance for the Statement of Cash Flows (Topic 230) specifically on classification of certain cash
receipts and cash payments. Therefore, this amendment will provide clear guidance to reduce any
diversity in practice. The effective date and when to adopt these changes will be depended on the
stakeholders' feedbacks. Also, the Board invites entities and individuals to participate on any issues
or comments they may have on this proposed update and the comments are due on March 29,

Project Evaluation Criteria
Addis Ababa University college of business and economics PROJECT MANAGEMENT AND
ANALYSIS [PROJECT ASSIGNMENT ON DISCOUNTING AND ALTERNATIVE
INVESTMENT CRITERIA] [pic] [pic] 1. Answer for question 1. Alternative A: Glass Bottle Unit
|Year |Inflow |Outflow |NCF | Alternative B: A new unit |Year |inflow |outflow |NCF | Decision: If
Ms. Hadash evaluate the projects using the 8% discount rate, she would choose Alternative B which
is to set up a new plant in order to ... Show more content on Helpwriting.net ...
|1.59 |49.99 | |7 |80 |48 |32 |1.47 |47.02 | |8 |80 |48 |32 |1.36 |43.54 | |9 |80 |48 |32 |1.26 |40.31 | |10 |80
|48 |32 |1.17 |37.32 | |11 |75 |44.5 |30.5 |1.08 |32.94 | |12 |22 |0 |22 |1.00 |22.00 | | |NFV |61.97 |
Alternative B: A new unit |Year |Inflow |Outflow |NCF |FvF@8% |Fv@8% | |0 |0 |103 |–103 |2.52 |–
365.13 | |1 |0 |80 |–80 |2.33 |–303.11 | |2 |63 |32.5 |30.5 |2.16 |76.64 | |3 |68 |37 |31 |2.00 |79.96 | |4 |72
|42 |30 |1.85 |75.89 |

Substantive Procedures for Cash Outflow Irregularities Essay
Substantive Procedures for Cash Outflow Irregularities
Substantive Procedures for Cash Outflow Irregularities
There are many irregularities that can arise within the different accounting departments at Apollo
Shoes. An audit program will be designed according to the three cycles that will be outlined below.
The first cycle that will be discussed is cash, then accounts payable and finally the payroll function.
These cycles will be evaluated for substantive procedures for Apollo Shoes and detect irregularities
for each section and an appropriate audit program will be designed for each department.
Cash
At Apollo Shoes irregularities or cash schemes, which could occur in the audit cycle of cash include
fraudulent ... Show more content on Helpwriting.net ...
Another substantive procedure to be employed in trying to uncover irregularities is the use of
substantive analytical procedures over the completeness of expenses. Some additional procedures to
consider include analyzing the aging of Apollo's payables balances, examining reports of debit
balances, large or old suspense items, balances with no scheduled payment date, those of new
suppliers, and reports of entries from unusual sources.
Payroll
Personnel and payroll are critical to most entities. Payroll schemes are a fraudulent disbursement in
which a payment is made to an employee that is not due to them. Occupational fraud in the form of
payroll schemes can drastically impact the financial status of a company. Payroll schemes are
similar to billing schemes in that they are based on a fraudulent claim for payment (Wells, 2005, pp.
167).
Payroll schemes may be defined as occupational frauds in which a person who works for an
organization causes that organization to issue a payment by making false claims for compensation.
The three main categories of payroll fraud are ghost employee schemes, falsified hours and salary
schemes and commission schemes. Ghost employee refers to a fictitious employee that does not
work for the company. With the falsification of personnel and payroll records a paycheck will be
issued to a ghost employee and will be cashed by the employee. Falsified hours and salary

M1 : Analyse Cash Flow Problems
M1 – Analyse cash–flow problems
Introduction:
A cash flow is an accounting statement and is normally called the statement of cash flows. A cash
flow statement shows the amount of cash generated and used by a company in a given period. The
cash flow is calculated by adding noncash charges to net income after taxes. It is important and
crucial for businesses to have a healthy cash flow because it helps with the survival of a business. A
business might experience cash flow issues due to the direct link between the low profits or losses
and cash flow problems; the loss makes the business eventually run out of cash. They can also
experience cash flow problems due to the business holding too much stock, this tie up cash and there
is an increased risk that stocks cannot be sold. Businesses can also experience cash flow problems
due to the over investment.
Findings:
Signature has experienced some problems with their cash–flow, the problems that they faced are:
– The balances are negative.
– The opening balance in January is 0.
– The outflows are high and inflows are low.
– The credit sales and commission received in January is 0.
– The investment is low and needed to be higher.
I will be analysing these problems to give a reason as to why they have faced these problems and
how they can resolve these problems.
One of the problems that Signature has faced with their cash flow is their negative balance in the
first few months. In the forecast there are some negative balances in

Jb Hifi
The Company:
The analysis was made on the annual report for the year ended 30 June 2009, of the company "JB
Hi–Fi Limited" which is one of the largest retailer chain groups for home consumer products such as
consumer electronics, electrical goods, software including music, games and movies. The company
is operating with 123 stores (106 Branded JB Hi–Fi) spread across Australia and New Zealand,
who's head office is in Chadstone VIC 3148, Australia.
The Auditors
The company's financial report ending 30 June 2009 was audited by Mr. DELOITTE TOUCHE
TOHMATSU and Mr. TOM EMBASSI, of the Charted Accountants firm "DELOITTE"
The purpose of the Auditors report was to check the conformance of the Company financial report;
as per the ... Show more content on Helpwriting.net ...
Observation of investment outflows.
Company was investing for both the year and for business improvement they had only initial
expense of $8185K in year 2008.
Financing outflows
Company has raised the funds by borrowing in 2008 and started paying back only on 2009 and they
had paid equity 100% more 2009 as that of year 2008.
Total Cash outflow found to be 22% increase in 2009 with respect to 2008.
Reports information regarding cash inflows and cash outflows for a particular period of time and
therefore prepared on a cash basis, not an accrual basis. Under cash scheme, no income is
recognized in the accounts until it received in the form of cash. Where as operating profit realized
from a business 's operations gross income (which is revenue minus cost of good/services) after
taking out operating expenses – such as cost of goods sold and depreciation ,basically performed on
the accrual basis. The revenue are recognized in the period actually earned and cash need not to be
received on that period for recognizing the revenue. Therefore net cash flow and operating profit is
different
Current assets have been displayed ahead of the other assets in the balance sheet.
Current assets include cash and cash equivalents, trade and other receivables, inventories and other.
Current liabilities are those that are to

Questions On Financial Accounting Standards
According to the Financial Accounting Standards Board (FASB) Accounting Standards Codification
Topic 230 (ASC 230), cash flows are classified in the Statement of Cash Flows (SCF) as cash flows
from operating, investing, and financing activities. ASC 230 replaced FASB Statement No 95
(SFAS–95). This paper will discuss certain problems in SFAS–95 that continue to exist. Certain
related cash flows are classified differently because of inconsistencies and ambiguities in
classification. Further, the indirect method is widely executed while the direct method discloses
more cash flow information. This paper alerts users to make more informed assessments of cash
flow information with regards to the subtotals from operating, investing, and financing activities.
This paper also suggests the FASB require the direct method for reporting purposes to improve
investors' and creditors' judgment accuracy. At the same time, this paper provides users ratios to
assess the quality of income to make more informed decisions. ASC 230 requires that companies
provide the SCF for each operational period. The SCF provides information about cash and cash
equivalents, and classifies cash receipts and cash payments as resulting from operating, investing, or
financing activities (Nurnberg 1993). The measurement of the SCF is considered as being more
reliable and more objective than the measurement of the income statement because the latter
involves more judgment about accruals, allocations, and

Chapter 5 The Open Economy Essay
Chapter 5: The Open Economy 1. In a small open economy, if exports equal $20 billion, imports
equal $30 billion, and domestic national saving equals $25 billion, how much are net capital
outflows? Answer:–$10 billion NX = capital flows = 20–30 = –$10b 2. In Micronesia, which is a
small open economy, if exports equal $5 billion and imports equal $7 billion, what is Micronesia's
trade balance? Answer: Micronesia has a deficit trade balance of –2 billion. Trade balance = EX –
IM = 5–7 = –$2b 3. In a small open economy, if exports equal $15 ... Show more content on
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9. How would the following transactions affect U.S. net capital outflow? Also, state whether each
involves direct investment or portfolio investment. a. An American cellular phone company
establishes an office in the Czech Republic. Answer: When an American cellular phone company
establishes an office in the Czech Republic, U.S. net capital outflow increases, because the U.S.
company makes a direct investment in capital in the foreign country. b. Harrod's of London sells
stock to the General Electric pension fund. Answer: When Harrod's of London sells stock to the
General Electric pension fund, U.S. net capital outflow increases, because the U.S. company makes
a portfolio investment in the foreign country. c. Honda expands its factory in Marysville, Ohio.
Answer: When Honda expands its factory in Marysville, Ohio, U.S. net capital outflow declines,
because the foreign company makes a direct investment in capital in the United States. d. A Fidelity
mutual fund sells its Volkswagen stock to a French investor. Answer: When a Fidelity mutual fund
sells its Volkswagen stock to a French investor, U.S. net capital outflow declines (if the French
investor pays in U.S. dollars), because the U.S. company is reducing its portfolio investment in a
foreign country. 10. Holding national saving constant, does an increase in net capital outflow
increase, decrease, or have no effect on a country's accumulation of domestic capital?

Ipl Business Model
IPL
The Indian Premier League is a T20 cricket competition promoted by the BCCI and is modelled on
the same lines as football's EPL or basketball's NBA. It works on franchise system wherein the
teams (presently 8; going up to 10 from the next season) representing different cities are auctioned
and the highest bidder is awarded the rights to own and run the team for ten years.
Over a span of just three years, it has become a business phenomenon, even overshadowing what it
stands for, that is cricket, involving leading business groups, bollywood stars and the entire nation
alike.
IPL as a business model has following major stakeholders:
BCCI
Franchises
Sponsors
Players
Spectators
Unlike its counterparts such as EPL or NBA, the major ... Show more content on Helpwriting.net ...
Apart from the monetary benefit, the franchises may also utilize this platform for brand building and
promoting their other business interests.
Franchises outflow: The major expense for any franchise is the bid amount paid upfront for securing
the rights of owning and running a team, which is for a period of 10 years. Apart from that another
expense the franchises entail is on account of running and maintaining the teams.
Apart from the above mentioned, a franchise may earn or lose some money during the buying or
selling of players among franchises.
Sponsors inflow: No direct revenue generated through IPL.
Sponsors outflow: Sponsors have a lot as stake as top of the line slots can go for up to $17k per spot.
Players' inflow: The players' major source of revenue is the participation fee. Apart from that players
can also earn prize money and bonuses.
Players outflow: No direct expense on account of IPL. However, participating in IPL does tax the
players in the way of making their already packed calendars all the more hectic.
Spectators' inflow: No revenue through IPL. A handful of them may take away prizes through
various competitions such as Karbon Kamaal catch etc.
Spectators' outflow: The major expense incurred by spectators on account of IPL is on entry tickets.
IPL is currently valued at over

Komandor Sa Essay
Comparison of the different alternatives:
1. Capitalize the consulting fees:
In this case, the Profit Before Tax (PBT) would have been higher by $200,000. Therefore, they
would have paid 28% x $200,000 = $56,000 in taxes. The Net Income (NI) would have been
increased by $144,000.
2. Allocate the consulting fees to the plastic products:
Before allocating the fees, Komandor was buying 500,000 units at $0.45$/unit  duty fees =
500,000 x $0.45 x 0.09 = $20,250
If Komandor allocates the consulting fees to the plastic products, we have to find the new price P
($/unit) of the product such as 500,000 x $0.45 + $200,000 = 500,000 x P  P = $0.85/unit
So, the duty fees become = 500,000 x $0.85 x 0.09 = $38,250
Therefore, the increase in cash ... Show more content on Helpwriting.net ...
becomes higher than $200,000, any profit beyond this amount would be taxed at 40%. So, if the
alternative #5 makes the PBT higher than $200,000, we have to consider another tax saving =
$200,000 (40%–28%).
# 1 2 3 4 5
Advantages Compliance with tax authorities
Simplicity Difficult to locate the fees by the auditors
Lower tax outflow Difficult to locate the fees by the auditors (more difficult than #2 because doesn't
increase the price as much)
Lower tax outflow (but higher than #2) Simplicity
No legal issue as long as the auditor is trustworthy
Cheapest alternative Simplicity
No legal issue
Disadvantages Higher cash outflow due to taxes
Bad allocation of costs (higher income for Komandor "wrongly attributed") Increase of almost
100% in product price due to a wrong allocation of costs
Legal fees if an auditor find the trick Smaller increase of product price than #2 but still wrong
allocation of costs
Legal fees if an auditor find the trick Bribes to be paid in the future?
Ethic? Not appropriate cost allocation
Lower advantage due to lower tax in Canada
Issue with Canadian authorities for lowering "artificially" the PBT?
Selection of the best option:
We would chose #5 to lower the PBT of Euro Connection in order to be under the $200,000 limit

and get a good tax saving (40% compare to 21%). The only risk is the potential problem with the
Canadian tax

Clark Project
ACCT505 Capital Budgeting problem Clark Paints
Cost of new equipment $200,000
Expected life of equipment in years 5
Disposal value in 5 years $40,000
Initial working capital $0
Life production – number of cans 5,500,000
Annual production or purchase needs 1,100,000
Initial training costs 0
Number of workers needed 3
Annual hours to be worked per employee 2,000
Earnings per hour for employees $12.00
Annual health benefits per employee $2,500
Other annual benefits per employee–% of wages 18%
Cost of raw materials per can $0.25
Other variable production costs per can $0.05
Costs to ... Show more content on Helpwriting.net ...
al, 2014, p. 624) instead of PV tables. n number of year 0 1 2 3 4 5 F (net cah flows) $(200,000)
$58,351 $58,351 $58,351 $58,351 $98,351 r (trial internal rate of return 1 0.847520114
0.718290343 0.608765513 0.515941017 0.43727039
P (Discounted cash flows) $(200,000) $49,453.65 $41,912.96 $35,522.08 $30,105.67 $43,005.98
NPV Pv cash inflows–PV cash outflow= 0
IRR = 17.9913% 17.99% step 2.
PV of cash inflows $233,039.37 net out year 0 cash outflows $(200,000)
NPV $33,039.37 0 1 2 3 4 5
EXCEL method for NPV and IRR (yearwise cash flows required)
Cost of asset –200,000 $– $– $– $– $–
Annual cash savings , after tax 47,151

Genesis Energy Case Summary
Genesis Energy, L.P is a midstream energy master limited partnership headquartered in Huston,
Texas, with a diverse portfolio of customers. After working on Genesis Energy's cash flow
statements it shows that they have a strong sales, however they show a poor cost control within the
organization. As we can see on their cash flow statement they have reduced sales on some months,
which can be attributing of seasonal factors. Especially on December, which they decreased their
sales $150,000 after having two months of $700,000 on October and November. Cash inflow is all
the money that is coming in to the company from the sales. In this case, to calculate cash inflow for
Genesis Energy I took the 10% of month in sale, 25% in first month ... Show more content on
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There are payments for material, selling and administrative expenses, tax expenses and interest
expenses. In this case, Genesis energy did not have any dividends payment and that lowered their
cash outflows. In this situation, cash outflows was changing very frequently, but definitely in the
second year the number of cash outflows was higher than in the first year. Finally, we were able to
calculate net cash gain or loss by subtracting cash inflow from cash outflow. I there was a gain if the
cash inflows were higher than cash outflows and there was a loss if it was opposite. In the cash flow
summary we started off with cash balance start of the month which was $10,000 and then added on
the net cash gain. The total balance was called cash balance at the end of the month. It was told to us
that there is a minimum cash balance desired which was $25,000 and the rest of the money was
either surplus or deficit. If we had more money in the total balance than $25,000, the rest of the
money would be surplus. If we would have less money in the total balance than $25,000. That
would be called deficit. So in the case, that we had surplus, we would not need any external finance
requirement, but if we would have deficit we would need it. Over the course of 2 years, deficit
happened three times which lead to the external

Hypertrophic Cardiomyopathy
––––––––––––––––––––––––––––––––––––––––––––––––– Hypertrophic cardiomyopathy
Hypertrophic cardiomyopathy (HCM) is a primary disease of the myocardium (the muscle of the
heart) in which a portion of the myocardium ishypertrophied (thickened) without any obvious cause.
It is perhaps best known as a leading cause of sudden cardiac death in young athletes.[7] The
occurrence of hypertrophic cardiomyopathy is a significant cause of sudden unexpected cardiac
death in any age group and as a cause of disabling cardiac symptoms. Younger people are likely to
have a more severe form of hypertrophic cardiomyopathy. HCM is frequently asymptomatic until
sudden cardiac death, and for this reason some suggest routinely screening certain populations for ...
With this limited sort of resection the residual mid–septal bulge still redirects flow posteriorly: SAM
persists because flow still gets behind the mitral valve. It is only when the deeper portion of the
septal bulge is resected that flow is redirected anteriorly away from the mitral valve, abolishing
SAM.[3][40] With this in mind, a modification of the Morrow myectomy termed extended
myectomy, mobilization and partial excision of the papillary muscles has become the excision of
choice.[3][18][19][41] In selected patients with particularly large redundant mitral valves, anterior
leaflet plication may be added to complete separation of the mitral valve and outflow.[41][42]
Complications of septal myectomy surgery include possible death, arrhythmias, infection,incessant
bleeding, septal perforation/defect, stroke.[24] Alcohol septal ablation [edit] Alcohol septal ablation,
introduced by Ulrich Sigwart in 1994, is a percutaneous technique that involves injection of alcohol
into one or more septal branches of the left anterior descending artery. This is a technique with
results similar to the surgical septal myectomy procedure

Reto Sa
Reto S.A.
Question 1:
Since we are initially ignoring the effects of taxes and do not know the required return, (we initially
know only that debt costs 8% but are not provided any information regarding equity costs) the only
available option is to use either a non–time value based evaluation or the internal rate of return:
Cash Flow Time Amount Equipment Cost 0 SFr –600000 Revenue 1–10 2000000
Less Commissions–15% –300000
Less Materials –600000
Less Labor –900000 Before Tax Cash Flow SFr 200000 Internal Rate of Return 31.11%
Question 2:
Introducing taxes to the problem will change the annual cash flows although ... Show more content
on Helpwriting.net ...
The time values associated with the working capital indicates a time value adjusted present value of
–SFr 203,408.03. (The present value of recovering SFr 300,000 ten years from now at 12% is SFr
96,591.71). This negative amount pulls the project present value from a strong positive level to a
slightly negative amount.
Question 6:
Selling the old equipment will reduce the investment required for the new equipment both due to the
cash received from the sale and the tax savings associated with selling it for less than book value.
Time Outflow Operating Profit After–Tax Depreciation Depreciation Cash Flow Operating Profit
Tax Shelter
0 –710000
1 400000 220000 253333 113999.85 333999.9
2 400000 220000 93333 41999.85 261999.9
3 400000 220000 26667 12000.15 232000.2

Candela Corporation Case Essay
Candela Corporation Case In 2002, Candela Corporation statement of cash flows shows a net loss of
income at $2,154,000. The reason for the loss is from accrual methods as non–cash expenses are
added back. This method shows the company the true cash flows of the business. Some of the items
that were added back in that had a significant affect is from loss of the discontinued operations and
the interest firm the stock warrants. The categories that had significant subtractions were the foreign
currency exchange rate difference and the respect of the deferred taxes. The results are the working
capital that had resulted in a gross outflow of cash flow, which caused the cash outflow to show
from the operating activities. There is a ... Show more content on Helpwriting.net ...
This created a positive cash flow from the operating activities. The investing activities showed that
there was one purchase in fixed assets category, which caused an outflow in the terms of investing.
The financing activities show an increase for the shares sold, following a good amount of a payment
in the long–term debt and the lines of credit. Therefore, with in inflow of the share issue becoming
larger, this produced an inflow of cash. Not including the investing activities, the other two activities
created a positive cash flow, therefore increasing the company's cash reserves.
A net profit was shown on the statement in 2004 of $8,119,000. This adjusted non–cash items
accurately were important add–ons were a new provision for loss on discontinued operations, the
loss from discontinued operations, the foreign exchange rate difference, and deferred taxes. The
subtraction that was considerable was in the respect of benefit on stock options. This is an indication
that the business is showing advancement. The analysis of the working capital is for this year cash
flows were from the notes, deferred income, warranty costs, a control on payroll cost, and taking
some services on credit. The cash outflows were from the receivables (higher credit sales), restricted
cash, purchase of inventory, and other current assets. Meanwhile the non–cash adjustment created a
positive figure along with positive cash inflows from the working capital adjustments,

Sub-Saharan Africa Research Paper
Dylan Zaporta
Contemporary Issues
African Governance Corruption Issues
African countries have been going through one of the worst recessions in our day in age. Some of
the things that Africa lacks as a continent are food supply, water supply, shelter, a stable government
to control these key aspects in each country, and many more to come in the future because of the
daily issues Africa is facing because of corruption in their individual government as countries.
Recent studies show that, over 70% of major corruption cases in Sub–Saharan Africa involve
phantom firms, which is financial entities that are currently almost impossible to trace or track
without improvements in regulatory oversight, resulting in a tax loss of about $52 billion.

Btec Business Level 3
D1 – Demet Sahin – Business Accounting
For this part of the task I have been asked to look at the case study of Superflex UK. Recommend
and justify ways in which Superflex could address these problems and improve the cash position of
the business.
A cash flow forecast is estimation of cash coming into the business and of cash going out of the
business over a set period of time. A cash flow forecast should demonstrate that your business will
have access to enough money to survive. But when estimating the costs you must give reasonable
costs because if you estimate the expenses low and the profit high it will cause problems within the
business.
The purpose of cash flow forecast is to help you see how much money you are going to make each
... Show more content on Helpwriting.net ...
They should pay the insurance money altogether at the end of the year instead of paying in 2
months. This will be more effective because they would have fewer problems when paying the
emergency bills.
Reducing costs
They must reduce the cost for leasing the toning because it's too high. I think that it doesn't worth
paying half of your income for leasing the toning table. They must get it for a cheaper price
otherwise they won't make enough profit to survive.
The cutting shop must reduce costs on electricity and maintenance because it's too high and they
might not be able to pay their bills it if it stays like this because they overdraft every month.
Increase price
Cash is the power that enables a business to survive and get on and is the primary indicator of
business health. While a business can survive for a short time without sales or profits, without cash
it will die. For this reason the inflow and outflow of cash need careful monitoring and management.
There is a problem with the inflow and outflow of the cash flow. The income is nearly the same as
outflow and they only make £400 profit each month. It doesn't worth running that service because
they are not going to able to pay their expenses and there is no money going to left to the owner of
the business.
To sort out this problem they must increase the prices but not too much because customers won't be
happy. They could do research on prices to see how much customers

Glaucoma Case Studies
In relation to the patient's scenario, glaucoma may be related to their corneal thickness due to the
fact that corneal thickness is important because it can mask an accurate reading of eye pressure,
causing doctors to treat you for a condition that may not really exist or to treat you unnecessarily
when are normal. Actual IOP may be underestimated in patients with thinner corneal thickness, and
overestimated in patients with thicker corneal thickness. [12]. Having normal corneal thickness and
abnormal C/D ratios would still alter the patient's vision. The C/D ratio is the cup to disc ratio of the
optic nerve head, which is noted vertically and horizontally. The normal range for a white male is
mentioned to be roughly 0.35/0.35 with variation ... Show more content on Helpwriting.net ...
The excessive dispersion of pigment during exercise or activity is known as pigmentary storm,
which also we lead to an increase in the patient's IOPs [7–8, 17–18]. Pilocarpine would work by
directly stimulating the cholinergic receptors of the parasympathetic pathway, which then causes
contraction of the ciliary muscle causing increased tension on the scleral spur and opening the
trabecular meshwork to facilitate outflow of aqueous humor and diminish outflow resistance to
lower IOP [19]. This would allow the patient's IOPs to be reduced to be within normal limits and
helping treat the patient's elevated IOPs. As mentioned previously, the patient was administered
latanoprost for the treatment of his PG. Latanoprost works in a similar fashion by overall increasing
the outflow of aqueous and reducing outflow resistance, however, its side effects include potential
reddening of the eyes, increased eyelashes, iris pigmentation, and even intraocular inflammation
[20]. In the case that IOPs did not improve various laser treatments are suggested to the patient,
possibly SLT or laser iridotomy

Industrial Revolution: Nursery Gas
ABSTRACT:
A nursery gas (now and then condensed GHG) is a gas in an air that assimilates and radiates
radiation inside the warm infrared extent. This procedure is the key reason for the nursery effect.
The essential nursery gasses in the Earth 's air are water vapor, carbon dioxide, methane, nitrous
oxide, and ozone. Nursery gasses enormously influence the temperature of the Earth; without them,
Earth 's surface would normal around 33 °c colder, which is around 59 °f underneath the present
normal of 14 °c (57 °f).
Since the start of the Industrial Revolution (taken as the year 1750), the smoldering of fossil
energizes and far reaching clearing of local woods has helped a 40% increment in the barometrical
amassing of carbon dioxide, from ... Show more content on Helpwriting.net ...
Ensuing work has delivered more nitty gritty investigations, yet none consolidates the sectoral
granularity, physical and asset imperatives, and geographic scale required for creating reasonable
innovation and strategy guides .
A few states and nations have received focuses for profound decreases in nursery gas outflows by
2050, however there has been little physically sensible demonstrating of the vitality and monetary
changes needed. The base and innovation way needed to meet California 's objective of a 80%
decrease underneath 1990 levels, utilizing itemized demonstrating of framework stocks, asset
stipulations, and power framework operability. We found that in fact plausible levels of vitality
effectiveness and decarbonized vitality supply alone are not sufficient; boundless charge of
transportation and different areas is needed. Decarbonized power would turn into the overwhelming
type of vitality supply, posturing difficulties and opportunities for financial development and
atmosphere strategy. This change requests innovations that are not yet popularized, and coordination
of speculation, innovation improvement, and base arrangement.
The technology to tackle greenhouse gas emissions now exists. Are we brave enough to use it?
We require solutions with the reasons for environmental change – climbing centralizations of
nursery gasses in the environment – not simply roughly with its

The Purpose Of The Cash Flow Statement
There is an old saying by Earl Wilson (2015) that states "Today, there are three kinds of people: the
haves, the have–nots, and the have–not–paid–for–what–they–haves" (p. 1). This saying also applies
to businesses, and investors will try to identify which category a company falls in as they conduct
their research. Investors want to know they are committing their money to an organization that can
effectively manage its cash. Cash is the fuel within every organization. It is extremely important for
every executive, manager, and investor to understand the cash flow battle rhythm within their
organization by utilizing the statement of cash flow. Analyzing the statement of cash flow, will
enable investors to determine if a company is effective at managing their finances.
Purpose of the Cash Flow Statement
Cash inflow and outflow is a litmus test of a company's performance during a specific time frame.
Cash is the lifeline of the company and the availability or lack of cash is a clear indication of a
successful or failing business for most financial analysts, investors and company management. The
statement of cash flow is the means used by many to view the cash movement within an
organization. According to Epstein (2014), "The purpose of the statement of cash flows is to
determine how cash flowed into and out of the company during a certain period of time" (p.156).
This management tool can assist executives, financial managers and stock holders identify the
organization's

The Strait Of Gibraltar, Mediterranean Outflow
Straits of Gibraltar, Mediterranean Outflow
Name
Institution
Straits of Gibraltar, Mediterranean Outflow The Strait of Gibraltar is located between the northern
coast of Morocco and the southern coast of Spain. It is the only place that allows the water of the
Mediterranean to mix with the water from the Atlantic Ocean. The Strait of Gibraltar is narrow strait
separating peninsular Spain and Gibraltar in Morocco and Europe from Morocco as well as the
Ceuta/ Spain in Africa. Also, the trait connects the Mediterranean Sea to the Atlantic Ocean. The
Strait of Gibraltar is known by many names including the 'pillar of Hercules' in the ancient world,
STROG meaning Strait of Gibraltar in naval use. The name originates from the rock of ... Show
more content on Helpwriting.net ...
They include the upper layer of the Atlantic water flowing eastward above the heavier and saltier
Mediterranean water that flows eastwards into the Atlantic Ocean. Also, it is referred to as the
Mediterranean outflow water (Wesson & Gregg, 2009). As the Mediterranean water flows to the sea
it follows the rising sea floor creating series of internal waves which are not easy seen because they
do not generate large waves, but rather horizontal surface currents that affect the roughness of the
sea surface. Internal waves can be seen from space suing special radar method capable of detecting
sensitive changes in the roughness of the water surface. The direct link created by the Strait of
Gibraltar between the Mediterranean and the Atlantic Ocean is responsible for the generation of
unique wave patterns and unique flow. The unique patterns created as a result of the interaction
between the global evaporative and different regional forces, wind forces, and tidal forces (Robinson
& Paola, 2005).
Inflow and outflow: the water flowing through the Strait are more or less continuous in both the
westward and the eastward directions. The larger amount of water comprising of the surface water
of lower density and salinity flows continually eastwards (the Mediterranean inflow) while the
smaller water amounts of deeper, saltier and heavier water flows continually westwards (the
Mediterranean outflow). The general flow tendencies of the water

Three Pane Model
A Brief Note on Open Economy ISLM Model (Three–Paned Model)
Utility for Business Managers: Firms resort to macroeconomic analysis to make rational judgments
about the effects of global events or policy shocks on the economy and thereby on the business
environment. But such analysis is often laden with possibilities for logical missteps. The Three–
Pane model (open economy IS/LM model) is discussed here as a tool for explaining key
relationships in the economy while avoiding the missteps encountered in macroeconomic analysis.
What is open economy macroeconomics?
Macroeconomic analysis helps firms to explore the interrelationships among a whole host of
markets, while microeconomics focuses on variables like price and quantity, & cost ... Show
Therefore, the net capital outflow decreases, which is shown by the fall in CF from CFo to CF1.
Likewise, if there is a fall in the interest rate from ro to r2, capital outflow increases, and capital
inflow decreases, leading to an increase in net capital outflow as indicated by an increase in CF to
CF2. The Capital Outflow (CF) curve is therefore, downward sloping. This means that, higher
domestic rates of interest are associated with lower net capital outflows, and lower domestic rates of
interest are associated with higher net capital outflows.
As mentioned earlier, the three–paned model plots the net export schedule (NX) with respect to the
exchange rate, E. E is defined as the foreign currency per unit of domestic currency. If we drop the
equilibrium amount of capital flows CFo from pane II to the third pane we get the equilibrium
amount of net exports, NXo, which is determined by the intersection of the perpendicular dropped
from the CF schedule with the NX schedule. This also gives the equilibrium nominal exchange rate,
Eo. [Here, we are assuming price levels at home and abroad as constant, therefore, nominal and real
exchange rates can be considered to be proportional. i.e., they won't be different].
How do we explain the model in simple economic terms?
In a closed economy, the rate of interest decided by the RBI defines the simultaneous equilibrium in
the product/goods market and the

Fin 419 Week 5 Team Assignment with Answers
Principles of Managerial Finance FIN/419 P12.4 Break even analysis. Barry Carter is considering
opening a music store. He wants to estimate the number of CDs he must sell to break even. The CDs
will be sold for $13.98 each, variable operating costs are $10.48 per CD, and annual fixed operating
costs are $73,500. A) Find the operating breakeven point in number of CDs. Q= FC / P– VC Q=
73,500 / 13.98 – 10.48 Q= 21,000 CDs B) Calculate the total operating costs at the breakeven
volume found in part a. EBIT= Q x (P – VC) – FC EBIT= 21,000 x (13.98 – 10.48) – 73,500 EBIT=
21,000 x 3.5 – 73,500 EBIT= 0 C) If Barry estimates that at a minimum he can sell 2,000 CDs per
month, should he go ... Show more content on Helpwriting.net ...
To do so, the firm must acquire a machine costing $80,000. The machine can be leased or
purchased. The firm is in the 40% tax bracket, and its after–tax cost of debt is 9%. The terms of the
lease and purchase plans are as follows: Lease The leasing arrangement requires end–of–year
payments of $19,800 over 5 years. All maintenance costs will be paid by the lessor; insurance and
other costs will be borne by the lessee. The lessee will exercise its option to purchase the asset for
$24,000 at termination of the lease. Purchase If the firm purchases the machine, its cost of $80,000
will be financed with a 5–year, 14% loan requiring equal end–of–year payments of $23,302. The
machine will be depreciated under MACRS using a 5–year recovery period. (See Table 3.2 on page
108 for the applicable depreciation percentages.) The firm will pay $2,000 per year for a service
contract that covers all maintenance costs; insurance and other costs will be borne by the firm. The
firm plans to keep the equipment and use it beyond its 5–year recovery period. a. Determine the
after–tax cash outflows of Northwest Lumber under each alternative. Year | Lease after–tax outflows
| Purchase after–tax outflows | 1 | $11,880 | $13,622 | 2 | 11,880 | 10,459.71 | 3 | 11,880 | 15,391.10 |
4 | 11,880 | 18,512.89 | 5 | 35,880 | 19,516.93 | b.

Capital Budget Recommendation
Capital Budget Recommendation
ACC/543
Capital Budget Recommendation As a dedicated furniture maker and businessman, a clear
understanding of the techniques used to assist in capital budgeting is important. There are several
techniques used, each having advantages and disadvantages. Within this recommendation, the
advantages and disadvantages of each technique will be briefly discussed. Additionally, discuss how
each technique will assist in determining the desirable capital budget technique to recommend.
Concluding with a course of action Mr. Navallez should take, along with calculation to support the
recommended course of action.
Capital budget techniques Several techniques can be used to analyze an opportunity to invest in ...
This technique assist in the decision making process because once the internal rate of return is
determined, the desired investment can easily be decided. Taking the cash outflow and inflow from
each alternative and the desired rate of return will offer the best comparison as which investment
will present a return favorable.
Recommendation
The recommendation Mr. Navallez should take is alternative 1. Alternative 1 offers the best return
on investment. The use of the net present value techniques presents the desired return on investment.
Net present value over internal rate of return presents the expected return on cash outflows for the
cost of the investment, thus allowing management to "compute a present value index." (Edmonds,
Edmonds, Olds, McNair, & Schnieder, p.1160) Assume the desired rate of return is 8% over 10
periods, alternative 1 cash inflow would be $421,834 with cash outflow being $323,091 and
alternative 2 cash inflow of $314,057 with cash outflow being $283,930. The present value of
alternative 1 is $98,743 and alternative 2 is $30,127. Alternative 1 yields a higher rate of return,
however, taking it a step further to confirm alternative 1 is the best investment the present value
index offers an additional comparison of the two investments.

Aortic Valve Essay
Anatomy of the Aortic Valve The normal aortic Valve (AV) is made up of three cusps thus providing
even distribution of mechanical stress to the valve ring and the aorta (Dweck, Boon, & Newby
2012). The valve cusps are attached to the outflow side and have a complex interaction of cells,
matrix and physical force effecting the flow of blood (Li, Xu, & Gotlieb, 2013). The AV is
composed of three layers, the valvular endothelial cells (VEC), which are part of the blood–
containing surface, appear on both the inflow and outflow sides of the valve. The valvular interstitial
cells (VIC), which are present in all three layers, affect the plasticity of the valve. The VIC cells are
complex and have fibroblast characteristics but are also thought ... Show more content on
Helpwriting.net ...
When one studies calcified aortic valve disease (CAVD) for the purpose of this paper it will be
referred to as AS, microscopically, one can see indicators of chronic inflammatory process,
disruption to the basement membrane, and lipid accumulation in the fibrosa (Akerstrom, Barderas &
Rodriquez–Padial, 2013). Hypertension, smoking, and hypercholesterolemia, all common
cardiovascular risk factors, influence the changes that contribute to CAVD.
Abnormal hemodynamic forces create stress and strain on the Aortic Valve (AV), both of which
cause inflammation and remodeling of the extra cellular matrix. In the early stages, an alteration
occurs in the lipid accumulation below the endothelium and in the fibrosa layer. The change in the
cell membrane permeability of the endothelial lining or increased accumulation of low density
lipoprotein (LDL) may contribute to this alteration in lipid accumulation (Akerstrom, Barderas &
Rodriquez–Padial, 2013). The inflammatory process sets off a cascade of events. Macrophages take
up oxidized LDL, which then become foam cells. Once combined, they activate T lymphocytes,
which in turn activate multiple pro–inflammatory cytokines (Akerstrom, Barderas & Rodriquez–
Padial, 2013). This cascade influences cell apoptosis, remodeling of the extracellular matrix, and
calcification. The progression of the calcification causes the obstruction. Initially the nodules form
near the margins of the valvular cusps and do not cause symptoms. However, with continued
inflammation, stress, and strain over time, the nodules increase and begin to cause outflow
obstruction, resulting in symptomatic AS (Akerstrom, Barderas & Rodriquez–Padial,

rrent situation of Balance of Payments in Malaysia (until...
rrent situation of Balance of Payments in Malaysia (until 2013)
The Balance of Payments is defined a country transactions with other countries and the difference of
total value between payments inflows and outflows of the money over a period. In other hand, there
is a statement to summarize an economic transactions that be recorded by balance of payments
related to consumers, businesses and the government in each country. Whether a company is
successful in exporting to other countries or not that the BOP will represent to us. The domestic
consumers and firm have been spending on imported goods and services which were recorded from
BOP as well. The balance of payments classified with transactions into three accounts: the current
account ... Show more content on Helpwriting.net ...
(n.d.)
1. Current Account
Current account is amount of the balance trade about exports deducts imports of goods and services.
In recent years, the current account reported the exports have been great than imports, as well as the
savings and investment surplus in an economy. The current account balance represented the figure
of RM9.8 up to RM 16.20 billion during the period of 2013. The current account of Malaysia is
reported by the Malaysia's department of statistics that showed us an averaged RM 17.4 billion from
1999 until 2013 and during 2013 current account also recorded the surplus of RM37.3 billion from
RM57.3billion of 2012.
1.1 Goods and Services Account
Goods and services are relative with the international transaction representing from the current
account balance of changed in the exports and imports. Through the stronger domestic demand,
imports of 16% growth have increased since 2009; subsequently import of goods grew with an
average of 13.4% over 2010 to 2012. The goods account excess to RM102.7 billion for the year
2013, but still decline of RM22.9 billion from RM 125.6 billion of 2012's record. Meanwhile, there
is the lower exports balance from RM703.1 billion of 2012 to RM690.9 billion this year and higher
imports balance from RM577.5 billion of 2012 to RM588.2 billion this year.
In the end of 2013, the 8.2% of the growth that exports of services up to RM 33.8 billion. The
services account

level pool routing report
Level Pool Routing Laboratory Report
CIVL4330
Hydrology and Open Channel
University of Newcastle
Results and Discussion:
Reservoir Flows:
Inflow from the tank was calculated using the known internal dimensions of the tank, the % full
reading, and the time step which the data was collected.
Where tank volume is (m3), radius =0.2m, and the depth =2.873m
Where Inflow from the tank), tank volume is (m3), % Full is the percentage of initial tank volume
expressed as a decimal, and change in time is measured in seconds.
The inflow into the tank was then graphed to show the Inflow vs. Time, the results obtained had
some outliers in the initial negative trend so a linear interpolation of the part of the data set ... Show
The water level (observed) and water level (simulated) water levels and the variation over time were
graphed below in figure 5.
Figure 5 Predicted vs. experimental h comparison
The data shown in figure 5 demonstrates the adequacy of the Level Pool Routing approximation.
The two water levels run very closely with very little error. The difference between the two can be
attributed to human error when reading the observed times during the experiment.
Conclusion and Recommendations:
A level pool routing experiment was carried out to determine the adequacy of results obtained
through simulated flood routing. The experiment yielded experimental results from which
calculations of inflow; storage and discharge over a weir were obtained. The Energy Grade line from
the tank to the pipe outlet was observed as well as the relationship between the tank discharge to the
square root of height. Noted from this was that height was the driving force of flow from the tank.
Following, a Puls flood routing method was used to simulate the event again with theoretical values.
The relationship between discharge and discharge with storage over time was obtained and used to
calculate theoretical values of discharge and water Level. These were compared with experimental

results and a strong correlation was observed.
Reservoir routing yielded reliable results which

Financial Analysis : Financial Management
According to Buchbinder & Shanks (2012, p. 204), cash budget defined as "the necessary step that
allows the organization to determine how to optimize the value of the cash being generated by its
operations. More interestingly, this also defined as a forecast of cash inflows, cash outflows and net
lending and borrowing needs for the months ahead". From the point of what I understand the
discussed definition of a cash budget, it looks like similar to operating budget however, there is a
certain difference. A cash budget is simply a forecast of the operating budget. It looks both cash
inflows and outflows as well as lending and borrowing needs in an organization. Managerial
accounting provides financial data for an ... Show more content on Helpwriting.net ...
188). Therefore, utilizing these departments as starting point to analyze the budget process of the
Happy Town Neurology is important because they provide me both the accounting function and
management of financial assets. It seems possible that I could get an overall understanding when
creating cash budget for the upcoming fiscal year. Cash flow forecasts aim to predict future financial
liquidity over a specific period of time. Generally, forecasts are made using about five years' worth
of historical data. Getting started with creating cash flow forecasts may want to consider starting
with short–term forecasts. Short–term cash flow forecasting is based on actual cash receipt and
disbursement data (Lohrey, n.d). With that being said, I would go back to the last five years to see
how the cash budget has transformed over the years to guide me on what to expect for the upcoming
fiscal year. I will work on cash inflows and outflows for the specified years to accurately analyze
what was undergone in the operating budget. Again, in order to accomplish this, I may utilize some
of the personnel indicated and departments as well. After I collect all the necessary information from
the important personnel and departments that available for the past five–year budget, I will evaluate
them accordingly and with a careful attention given to cash inflow and outflows. Initially, I will
insist on forecasting cash

Personal Financial Plan
Personal Financial Plan Part 1
Laura Grundowski
Abstract
This paper will discuss the beginning of my personal financial plan. It will also outline said plan into
a budget that will be put to use throughout the next few months.
Budgeting is a vital part of managing one's personal finances. When beginning to budget one must
pinpoint the sources of cash inflows and cash outflows. Having knowledge of your personal
financial situation is also necessary in managing personal finances. If done right, personal financial
statements provide information on current financial positions and help pave the way for financial
success.
Goal setting is most successful for me when I begin with short term goals. For short term, one of my
goals is to ... Show more content on Helpwriting.net ...
(siegel & yacht, 2009)
Lauren Marosi
Personal Balance Sheet as of September 28, 2012
ASSETS
Liquid assets Checking account balance $1,065 Savings/money market accounts 48.00 Total Liquid
Assets $ 1,113
Real Estate Current market value of home $39,000
Personal Possessions Market value of automobile $5,000 Furniture & appliances 3,000
Electronics & computers 300 Jewelry 200 Total personal $ 8,500
Investment Assets Total investment $ 0 TOTAL ASSETS $48,613
LIABILITIES
Current Liabilities Medical bills $ 150 Credit card balances 400 Balance on auto loan 0 Total
Current liabilities $ 550
Long Term Liabilities Mortgage $30,350 Home improvement loan 0 Student Loan 12,000 Total
Long Term Liabilities $ 42,350 TOTAL LIABILITIES $ 42,900
NET WORTH $5,713

Lauren Marosi
Cash Flow Statement for Month ended September 31,2012
Income (cash inflows)
Take home pay (net of taxes) $850
Interest earned on savings 15
Earnings from investments (dividends, etc.) 0 Total Income $865
Cash outflows
Fixed Expenses
Rent $200
Loan payment 0
Cable TV/internet 52
DTE 100 Total fixed outflows $352
Variable Expenses
Food at home $ 200
Eating

Foreign Direct Investment ( Fdi )
In this 21st century, we live in a time like no other. The world has transformed as a result of
globalization. Globalization has made it possible for individuals who wake up in east, to end their
day in the other part of the world. Nations came together and eliminated trade barriers, which
enabled Corporation's to begin foreign direct investment (FDI) in other nations. This resulted,
corporations transform into Multinational Enterprises. The movie "The Grand Seduction" shows the
powerful impact FDI's can have for an economy. This essay will analyze the movie and the
following statement "The attraction and retention of foreign direct investment (FDI) is a complex
and multifaceted activity for a number of different stakeholders". This essay ... Show more content
on Helpwriting.net ...
This was very successful for India "It said after the launch of 'Make in India ' initiative, there is a
nearly 40 per cent increase in FDI inflows during October 2014 to June 2015."(Economic Times).
FDI from developed countries to developing countries is a vehicle not only for providing physical
capital, but also for transferring advanced technology, managerial skills, and innovative products.
The transfer of intangible assets if often viewed as the "spillover" effects of FDI. Foreign affiliates
from developed countries may also replace inefficient firms in developing countries. In "The Grand
Seduction" once a fishing community where people lived happily were now dependent on
government welfare. The government was helping its citizens but the help in a way was degrading
lives of the people. People wanted to leave the town and go elsewhere. In the movie we see the
mayor planning to offer full tax exemption to bring in the factory in the town. The movie shows the
FDI as a last resort to revive Newfoundland. Studies show that FDI in the manufacturing sector
plays a very important role in enhancing the economic growth, but FDI in nonmanufacturing sectors
does not, example agriculture. Manufacturing FDI accounts for the lion's share of FDI inflows in
developing countries. In Foreign Direct Investment "Based on two–stage least squares,
manufacturing FDI share has positive and

Business Level 3 Unit 2 M1
Assignment Task 2 M3 Ahmed Hassan In this cash forecast I will analyse where the Steve's business
can improve on whether they are making a profit or not. Also I need to identify where they have
regular inflow and outflows and irregular inflow and outflows. I will also comment on how the fresh
business can maintain more regular numbers. January and February In January the sales is £17,000
it increases by £2,000 to £19,000.the total income in January was £32,000 it decreases by £13,000 to
£19,000 because the loan was one off income. It an irregular cash inflow which only happened in
January. These profit can be use to expand or give the staff bigger salaries for there hard work. A
regular cash inflow is good for business you know how ... Show more content on Helpwriting.net ...
The total expenditure for May is at £18,900 and this is because of the cost for the delivery van.
Irregular expenditure is bad for the company because you don't know when it going to happen or
how much going to cost. It had effect the business badly because it had a monthly cash flow.
However, Steve has made a dramatic improvement between this month and all the others as the total
expenditure totals up to £10,900 for June it was better than may total expenditure £18,200 the reason
why there is a decrease is the delivery van was an irregular outflow. The monthly net cash flow is at
–£7,900 for May and –£2,900 for June this is a decrease of –£5,000 and this is decreasing hopefully
meaning it will time we will see more positive monthly cash outflows. The closing balance for May
is at £14,500 and for June at £11,600 a decrease of £2,900. This is having a bad impact on the
business because of the monthly net cash flow and total expenditure are both negative means Steve's
business is not making profit only loss. It could be costly in the long run. I think Steve should lower
his salary to £3000 since they are not having positive monthly net cash and total expenditure. July
and August The opening balance for July starts off with £11,600 however the opening balance for
August is £6,700 a decrease of

Cost benefit analysis CanGo
DeVry University
Accounting 460
Professor: Ivy Bennett
Group: B
Veronica Guajardo
Annie Lee
Isolina Pagan
Cost Benefit Analysis
VIA Consulting has been hired in CanGo's behalf to assist its management group in the decision
making of the implementation of the new operating ASRS system, and we came out with the
following financial information and data.
CanGo started operating as a small company in 2006. In 2008 the company reported a net profit of
$7,000,000 and $15,000,000 for the 2009. The company's most profitable division has been its
online book sale. Due to the fact that CanGo has been increasing its sales and revenue for more than
100%, the company has demonstrate that it is a profitable organization, but at the ... Show more
content on Helpwriting.net ...
Salaries expense and machinery and equipment would be the company's cash outflow. The cash
outflow is $2,250,000.
NPV= 58,000,000– 2,250,000 =55,750,000
Projects with a positive NPV add value to the firm.
Cash inflows and outflows can occur at any time during the project. The NPV of the project is the
sum of the present values of the net cash flows for each time period t, where t takes on the values 0
(the beginning of the project) through N (the end of the project).
With this formula we can also calculate the time and the amount of money the capital invested in the
project will have generate profits.
The NPV calculation provides a dollar measure of how much a project is expected to add to a firm 's
value. Analysts may also want to know what the rate of return on a project is in order to compare it
to the cost of capital. This rate is called the internal rate of return, or IRR.
The IRR is the discount rate that makes the present value of the cash inflows equal to the present
value of the cash outflows. This is the same as saying that the IRR is the discount rate that makes the
net present value equal to zero.

The formula that represents the IRR is
In conclusion, and taking into consideration the financial data of Divisional Revenues from 2009 for
$58,000,000 and cash outflow of $2,250,000 to 3,000,000 (ASRS equipment,

Advantages Of Cash Budgets
Introduction Since the wide expanded of business and manufacturing revolution, there were many
difficulties to determine whether the cash inflows' have the ability to meet the organizational
obligations both from operating activities or other. Therefore, Financial Accounting Standards Board
(FASB) declares for the significance of disclosure on cash flows (Hermanson et.al, 1989).Then,
most organizations start looking for the best investment resources, this require the highest need for
an indicator and clear measurement to predicate the organizational ability to cover the obligations
and to meet the managerial vision in field (Black,1993).according to, Researchers in the financial
and managerial field create the ideal model to resolve these ... Show more content on
Helpwriting.net ...
It is a useful indicator of cash flows in entity, after the continuous bankruptcy issues, although the
companies have a profit in book calculations.
2. it helps to ensure that capital expenditure is properly controlled (e.g. the 'what if' situation)
3. It encourages efficient use of resources through budgeting and the analysis of over and under
spending
4. It helps with facing facts and decision making.
According to previous, researcher received to improve benefits gaining from using cash budgets
such as: financing indicator that would dedicate the amounts of cash that are collected and paid,
indicate risk expected from the expenditure of cash, and using planned methods to manage cash
flows, helping management in decision making and strategy planning.
Limitations and disadvantages of using cash budget
(Wallace et.al, 1991) indicates the following disadvantages and limitations of using cash budgets:
1. Consideration of the cash balance of the final lists weakens its ability to predict.
2. The consolidated financial system referred to the interview between receipts and payments in cash
operations, but it did not address the borrowing component of this

Hypertrophic Cardiomyopathy
–––––––––––––––––––––––––––––––––––––––––––––––––
Hypertrophic cardiomyopathy
Hypertrophic cardiomyopathy (HCM) is a primary disease of the myocardium (the muscle of the
heart) in which a portion of the myocardium ishypertrophied (thickened) without any obvious cause.
It is perhaps best known as a leading cause of sudden cardiac death in young athletes.[7] The
occurrence of hypertrophic cardiomyopathy is a significant cause of sudden unexpected cardiac
death in any age group and as a cause of disabling cardiac symptoms. Younger people are likely to
have a more severe form of hypertrophic cardiomyopathy.
HCM is frequently asymptomatic until sudden cardiac death, and for this reason some suggest
routinely screening certain populations for ... Show more content on Helpwriting.net ...
For example, troponin T mutations are associated with a 50% mortality before the age of 40.
–––––––––––––––––––––––––––––––––––––––––––––––––
Diagnosis [edit]
A diagnosis of hypertrophic cardiomyopathy is based upon a number of features of the disease
process. While there is use of echocardiography, cardiac catheterization, or cardiac MRI in the
diagnosis of the disease, other important factors include ECG and genetic test (although not
primarily used for diagnosis)[35] findings and if there is any family history of HCM or unexplained
sudden death in otherwise healthy individuals.
Obstructive and non–obstructive [edit]
Physical examination [edit]
Cardiac catheterization [edit]
–––––––––––––––––––––––––––––––––––––––––––––––––
Treatment [edit]
Asymptomatic patients [edit]
A significant number of patients with hypertrophic cardiomyopathy do not have any symptoms and
will have normal life expectancies, though they should be counseled to avoid particularly strenuous
activities or competitive athletics. These patients should also be screened for risk factors for sudden
cardiac death. In patients with resting or inducible outflow obstructions, situations that will cause
dehydration or vasodilation (such as the use

Resigning Employees and Knowledge Outflow
Company knowledge – Resigning employees possibly will take valuable knowledge about the
company past history, current projects and future plans sometimes to the competitors.
Customer service – Business is usually done with a company because of the relationship the client
has with an employee of the company. When this employee leaves, this relationship is severed thus
leading to potential client loss.
Turnover results in more turnovers – When an employee leaves, the mood in the office changes.
This effect is felt throughout the organization. The other employees are required to make up for the
loss. This might lead to more employees leaving the organization.
Regaining efficiency – A lot of time is waste in selecting a new employee and training to replace an
old employee. Considerable amount of time is lost while the new employee might take some time to
get used to his new job.
Goodwill – When turnover rates are low, goodwill is maintained. While, when the retention levels
are high there is a possibility of attracting better talent into FedEx.
Why employees leave – Except money, there are many other needs of employees that need to be
satisfied for them to stay longer in the organization. Some of the reasons why employees resign are:
Unexpected responsibilities – Generally, employees have an idea of what they want their tasks to be.
In a situation where the responsibility is totally different from their expectations, they will feels de–
motivated and eventually tends to leave

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