1) This spreadsheet models the discounted cash flow for two alternatives: licensing the artist's music or producing and owning the music.
2) Key assumptions include projected unit sales, pricing, costs of goods sold, royalties, marketing costs, and a 12% weighted average cost of capital.
3) The analysis shows the produce and own alternative has a net present value of $8,721 and internal rate of return of 29%, while licensing has a higher NPV of $14,155.99.
The opportunity to explore how a company uses the Capital Asset Pricing Model (CAPM) to compute the cost of capital for each of its divisions. The use of Weighted Average Cost of Capital (WACC) formula and the mechanics of applying it are stressed.
This is an analysis on Apple's Financial condition in 2013 where there's an excess cash and recommendation on how to do financial decision based on the condition.
The opportunity to explore how a company uses the Capital Asset Pricing Model (CAPM) to compute the cost of capital for each of its divisions. The use of Weighted Average Cost of Capital (WACC) formula and the mechanics of applying it are stressed.
This is an analysis on Apple's Financial condition in 2013 where there's an excess cash and recommendation on how to do financial decision based on the condition.
Activity-based costing (ABC) is a costing model that identifies activities in an organization and assigns the cost of each activity resource to all products and services according to the actual consumption by each: it assigns more indirect costs (overhead) into direct costs.
In this way an organization can precisely estimate the cost of its individual products and services for the purposes of identifying and eliminating those which are unprofitable and lowering the prices of those which are overpriced.
Dengan membaca hasil riset pada buku ini, membuat kita akhirnya berkesimpulan bahwa mengharapkan Freeport akan melakukan Corporate Social Responsibility di Papua, atau Lapindo akan bertanggungjawab penuh dalam kasus lumpur di Sidoarjo, atau berbagai perusahaan pemegang hak pengelolaan hutan (HPH) akan mempertimbangkan masalah lingkungan hidup, seakan-akan hanyalah harapan kosong belaka.
The 2013 Deloitte Undergraduate Case Competition challenged students to develop strategy, technology, and human capital recommendations for MAD HATS, a company that donates a hat to a person in need for each hat purchased by one of their customers.
Building a Lean Agile Entreprise - ING Bank at the European Lean IT SummitInstitut Lean France
ING’s Lean IT journey started in 2009. Now the transition covers more than 300 employees in IT operations and 50 Agile Teams in development. At the European Lean IT Summit, Jael Schuyer and David Bogaerts from ING Bank presented what they have learned along the way. More Lean IT presentations and videos on www.lean-it-summit.com
Activity-based costing (ABC) is a costing model that identifies activities in an organization and assigns the cost of each activity resource to all products and services according to the actual consumption by each: it assigns more indirect costs (overhead) into direct costs.
In this way an organization can precisely estimate the cost of its individual products and services for the purposes of identifying and eliminating those which are unprofitable and lowering the prices of those which are overpriced.
Dengan membaca hasil riset pada buku ini, membuat kita akhirnya berkesimpulan bahwa mengharapkan Freeport akan melakukan Corporate Social Responsibility di Papua, atau Lapindo akan bertanggungjawab penuh dalam kasus lumpur di Sidoarjo, atau berbagai perusahaan pemegang hak pengelolaan hutan (HPH) akan mempertimbangkan masalah lingkungan hidup, seakan-akan hanyalah harapan kosong belaka.
The 2013 Deloitte Undergraduate Case Competition challenged students to develop strategy, technology, and human capital recommendations for MAD HATS, a company that donates a hat to a person in need for each hat purchased by one of their customers.
Building a Lean Agile Entreprise - ING Bank at the European Lean IT SummitInstitut Lean France
ING’s Lean IT journey started in 2009. Now the transition covers more than 300 employees in IT operations and 50 Agile Teams in development. At the European Lean IT Summit, Jael Schuyer and David Bogaerts from ING Bank presented what they have learned along the way. More Lean IT presentations and videos on www.lean-it-summit.com
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USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
3. COMPASS RECORDS
Discounted Cash Flow Analysis for "License" and "Produce and Own" Alternatives
Using Base-Case Unit Assumptions
ASSUMPTIONS
Sales projections Units Pricing
U.S. sales 5,000 U.S. wholesale unit price $11.45
U.K., Ireland, Europe sales 2,000 Less distribution fee $9.05
Japan, New Zealand, Australia sales 1,000 U.K., Ireland, Europe price (euro) EUR 7.00
Canada sales 500 Euro/US$ exchange rate 1.224
Units sold by artist 1,500 U.K., Ireland, Europe price (US$) $8.57
Total–projected sales (units) 10,000 Japan, NZ, Australia price (US$) $6.50
Inventory loss 0.3 Canada price (US$) $7.00
Weighted average cost of capital 12% Unit price for artist-sold units $6.00
Distribution fee 21%
CASH FLOWS
Own
Years
0 1 2 3
Annual percentage sold 0% 75% 20% 5%
U.S. forecasted units sold 3,750 1,000 250
U.K., Ireland, Europe forecasted units sold 1,500 400 100
Japan, New Zealand, Australia forecasted units sold 750 200 50
Canada forecasted units sold 375 100 25
Units sold by artist 1,125 300 75
Total sales 61,023 16,273 4,068
Per unit
Cost of goods sold $0.90 6750 1800 450
4. Mechanical royalties $0.85 2,709.38 722.50 180.63
Recording-artist royalties $1.45 9,243.75 2,465 616.25
Recoupables not recovered 0 13,675
Promotion & marketing not recoupable -11000 $0 0 0
Loss on inventory $0.00 0 $2,295.00
Upfront fee (advance) 0 0 0
Taxable income -11000 $42,319.50 $11,285.20 $(13,148.70)
Taxes @... 40% 4400 $16,927.80 $4,514.08 $5,259.48
Net operating profit after tax -6600 $25,391.70 $6,771.12 $(7,889.22)
Change in inventory ($8,471) $4,491 $1,235 $450
Change in recoupables (26,000) 9,244 2,465 616
Free cash flow (41,071) $39,126.45 $10,471.37 $9,147.03
NPV Own $8,721.47
IRR 29%
WORKING CAPITAL
Own
Years
0 1 2 3
Assets
Inventory, incl. overage @... 30% $8,471 $3,980 $2,745 $2,295
Recoupables 26,000 16,756 14,291 13,675
$15,970
Recoupables
Production costs $20,000
Marketing & promotion (1/2) 6,000
Advance 0
Total $26,000
5. WACC US Sales
NPV OWN NPV LICENSE NPV OWN
Base Case $8,721.47 $14,155.99 Base Case $8,721.47
8.00% $11,395.66 $16,039.66 3,000.00 Err:504
9.00% $10,701.30 $15,552.62 3,500.00 Err:504
10.00% $10,024.57 $15,076.57 4,000.00 Err:504
11.00% $9,364.83 $14,611.14 4,500.00 Err:504
12.00% $8,721.47 $14,155.99 5,000.00 Err:504
13.00% $8,093.90 $13,710.78 5,500.00 Err:504
14.00% $7,481.56 $13,275.19 6,000.00 Err:504
15.00% $6,883.93 $12,848.91 6,500.00 Err:504
16.00% $6,300.50 $12,431.67 7,000.00 Err:504
6. Marketing and promotion
Print advertising $3,000
Posters and photos 500
E-card mailings 1,000
$7.39 Independent radio promoter 2,500
Retail placement 5,000
Total marketing & promo cost $12,000
CD mail-out units 2,000
Cost per mail-out unit per unit $0.50
Postage and collateral per unit $2.00
Total cost for CD mail-out $5,000
License
Years
0 1 2 3
3750.00 1,000 250
1,500 400 100
750 200 50
375 100 25
1,125 300 75
61022.63 16272.70 4068.18
0.9 6750 1800 450
9. COMPASS RECORDS
Discounted Cash Flow Analysis for "License" and "Produce and Own" Alternatives
Using Base-Case Unit Assumptions
ASSUMPTIONS
Sales projections Units Pricing
U.S. sales 5,000 U.S. wholesale unit price $11.45
U.K., Ireland, Europe sales 2,000 Less distribution fee $9.05
Japan, New Zealand, Australia sales 1,000 U.K., Ireland, Europe price (euro) EUR 7.00
Canada sales 500 Euro/US$ exchange rate 1.224
Units sold by artist 1,500 U.K., Ireland, Europe price (US$) $8.57
Total–projected sales (units) 10,000 Japan, NZ, Australia price (US$) $6.50
Inventory loss 0.3 Canada price (US$) $7.00
Weighted average cost of capital 12% Unit price for artist-sold units $6.00
Distribution fee 21%
CASH FLOWS
Own
Years
0 1 2 3
Annual percentage sold 0% 75% 20% 5%
U.S. forecasted units sold 3,750 1,000 250
U.K., Ireland, Europe forecasted units sold 1,500 400 100
Japan, New Zealand, Australia forecasted units sold 750 200 50
Canada forecasted units sold 375 100 25
Units sold by artist 1,125 300 75
Total sales 61,023 16,273 4,068
Per unit
Cost of goods sold $0.90 6750 1800 450
10. Mechanical royalties $0.85 2,709.38 722.50 180.63
Recording-artist royalties $1.45 9,243.75 2,465 616.25
Recoupables not recovered 0 13,675
Promotion & marketing not recoupable -11000 $0 0 0
Loss on inventory $0.00 0 $2,295.00
Upfront fee (advance) 0 0 0
Taxable income -11000 $42,319.50 $11,285.20 $(13,148.70)
Taxes @... 40% 4400 $16,927.80 $4,514.08 $5,259.48
Net operating profit after tax -6600 $25,391.70 $6,771.12 $(7,889.22)
Change in inventory ($8,471) $4,491 $1,235 $450
Change in recoupables (26,000) 9,244 2,465 616
Free cash flow (41,071) $39,126.45 $10,471.37 $9,147.03
NPV Own $8,721.47
IRR 29%
WORKING CAPITAL
Own
Years
0 1 2 3
Assets
Inventory, incl. overage @... 30% $8,471 $3,980 $2,745 $2,295
Recoupables 26,000 16,756 14,291 13,675
$15,970
Recoupables
Production costs $20,000
Marketing & promotion (1/2) 6,000
Advance 0
Total $26,000
11. WACC US Sales
NPV OWN NPV LICENSE NPV OWN
Base Case $8,721.47 $14,155.99 Base Case $8,721.47
8.00% $11,395.66 $16,039.66 3,000.00 Err:504
9.00% $10,701.30 $15,552.62 3,500.00 Err:504
10.00% $10,024.57 $15,076.57 4,000.00 Err:504
11.00% $9,364.83 $14,611.14 4,500.00 Err:504
12.00% $8,721.47 $14,155.99 5,000.00 Err:504
13.00% $8,093.90 $13,710.78 5,500.00 Err:504
14.00% $7,481.56 $13,275.19 6,000.00 Err:504
15.00% $6,883.93 $12,848.91 6,500.00 Err:504
16.00% $6,300.50 $12,431.67 7,000.00 Err:504
12. Marketing and promotion
Print advertising $3,000
Posters and photos 500
E-card mailings 1,000
$7.39 Independent radio promoter 2,500
Retail placement 5,000
Total marketing & promo cost $12,000
CD mail-out units 2,000
Cost per mail-out unit per unit $0.50
Postage and collateral per unit $2.00
Total cost for CD mail-out $5,000
License
Years
0 1 2 3
3750.00 1,000 250
1,500 400 100
750 200 50
375 100 25
1,125 300 75
61022.63 16272.70 4068.18
0.9 6750 1800 450