Fin 370

Fin 370
Virtual Organization Strategy Paper
Kathy Kudler founded Kudler Fine Food. She was once the VP of marketing for a large defense contractor. Weary of the constant travel and the
pressures of corporate life, Kathy was looking for other opportunities. As it happened, Kathy relieved her stress through gourmet cooking and on a
shopping trip for ingredients for a gourmet meal. Kathy suddenly realized there was an opportunity for an upscale epicurean food shop in La Jolla.
Kathy developed a business plan, obtained financing and six months later, on June 18, 1998, the first Kudler Fine Foods opened. Within nine months
the store was at break–even and was profitable for the year. In 2000, a second store was opened in Del Mar and in 2003 a third ... Show more content on
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When used by academics, an arbitrage is a transaction that involves no negative cash flow at any probabilistic or temporal state and a positive cash flow
in at least one state; in simple terms, it is the possibility of a risk–free profit at zero cost.
Opportunities of Each Approach
Many opportunities for Kudler Fine Foods come with going public with an IPO. A considerably greater amount of capital comes from the issuing of
shares for trading on the stock market. It helps increase the amount of business taking place if Kudler Fine Foods were to become a publicly traded
company. "Public firms tend to enjoy a higher profile than their privately held counterparts. This may make it easier to make sales and attract vendors
to supply goods and services to the firm" (Keown, et. al., 2005, p. 413). This growth would be to the degree that the current management infrastructure
could not handle at this time. There would need to be some widespread foundational changes for Kudler to have this opportunity to issue stocks. The
company knows the current stockholders, the value of the employees, and the company's customers.
Kathy Kudler is not concerned with working by another organization in the same industry. Even though there are competitors, they are not as abundant
in the California areas where her
... Get more on HelpWriting.net ...

Gas Cap Research Paper
– OEM Saturn Vue Gas Cap The gas cap on your Saturn Vue is designed to keep your fuel in your vehicle and keep debris from getting into the fuel
system. Anytime dirt, dust or other pollutants get into your fuel tank, they can become sucked up by the fuel pump and clog up the fuel filter. This
may result in poor performance and bad fuel efficiency. A factory OEM gas cap will keep the tank sealed and secure. An OEM gas cap will be an
exact fit, so there is no possibility of contamination getting in around the edges of the cap. At GMPartsCenter.net, we sell genuine GM parts only, so
you know you are getting an exact fit replacement part for your Saturn. We offer the lowest total price shipped to your door because we have a price
match guarantee... Show more content on Helpwriting.net ...
You need to be able to see while driving in the fog and a fog light kit is the perfect addition to your truck that is designed to improve your visibility
while driving in unclear conditions. Fog lights offer a low beam that is angled towards the ground in order to keep the reflections from moisture
down. If you need to replace your fog lights or are adding them to your truck, then make sure that you purchase genuine OEM GM parts for a
perfect fit. Genuine GM parts are designed to fit your truck without any modification necessary. We carry genuine GM parts and accessories, so
you know you are getting a part that meets the standards and specifications of GM. You will also receive our price match guarantee on genuine GM
parts, so you will be getting the lowest total price shipped to your door. If you are ready to add more lights to your truck, or you need to replace a
burned out fog lamp, then order yours today. – OEM Hummer H2

Aha Moments Research Paper
Aren't aha moments like the best thing ever? Problem is, they come few and far between, and when they do come, there's never a pen in sight, then two
minutes later you're on to solving the next problem that slaps you in the face.
Last few months, my brain has been Mortal Kombat style karate kicking my creative juices to the curb. I keep waiting for that melodramatic '80s soft
rock music to cue in, so that I know my aha moment was about to strike, but there's just silence. Between graduate school, a two and a four year old tag
teaming me, and me trying to constantly 'get my life', I have a hard time making room to cultivate creativivity, or the occasional 'aha' moment.
MarieThinking3
So, I rejected the always on the go mentality, redefined what productivity looked like to me, and immersed my thoughts into learning more about the
way my ... Show more content on Helpwriting.net ...
Most people connect with others because of a shared interests. Someone may see you reading a book they love, so they may ask you how do you
like said book. However, our society is so driven by technology and social media, somehow we've gotten to the point were a stranger saying hello to
you online is much more acceptable than one in person. So, instead of thinking someone is weird for simply speaking to you, engage! You never know
how they may breathe life into your thoughts or your future aha moments.
TIP #4: TAKE MORE NAPS
I have to literally force myself to close my eyes these days. I'm serious, my mind has absolutely NO CHILL! Nope, none! When you sleep, you
allow your subconscious, as well as your inhibitions to roam free and have you noticed that ideation is in overdrive when you're in a stupor, half
dazed or just waking up. Yep, told you. I'm sure it's rare that you receive aha moments while you're still in front of your desk, mad that you're even
working and sitting in from of that desk.
TIP #5: MAKE YOUR ENVIRONMENT

Essay about Cost of Capital at Ameritrade
In mid–1997, Joe Ricketts, Chairman and CEO of Ameritrade Holding Corporation, wanted to improve his company's competitive position in
deep–discount brokerage1 by taking advantage of emerging economies of scale. The success of the strategy required Ameritrade grow its customer
base. The growth would require substantial investments in technology to improve service and capacity, and in advertising, to increase customer
awareness. The strategy would require large expenditures relative to Ameritrade's existing capital. In order to evaluate whether the strategy would
generate sufficient future cash flows to merit the investment, Ricketts needed an estimate of the project's risk.
Company Background
Formed in 1971, Ameritrade has been a pioneer ... Show more content on Helpwriting.net ...
Interest revenues were generated by charging customers on debt balances maintained in brokerage accounts and the investment of customers' cash
segregated in compliance with federal regulations in short– term marketable securities. Interest revenues were offset by interest payments to customers
based on credit balances maintained in brokerage accounts.
Virtually all of Ameritrade's revenues were directly linked to thestock market. Investors generally curtailed trading activity and their borrowing in
response to sustained downward movements in the stock market. For example, trading activity declined more than 20% in 1988 following the stock
market crash of October 19, 1987. A substantial decline in the stock market could therefore lead to a steep decline in Ameritrade's brokerage
commissions and net interest revenues.
Full–service brokers were less sensitive to market movements than deep–discount brokers like Ameritrade. Full–service brokers received asset
management fees, which partially shielded the revenue stream from market declines. Moreover, most full–service brokerage firms such as Merrill
Lynch diversified their revenue stream by engaging in investment banking activities such as mergers and security underwritings.
Planned Investments and the Cost of Capital
Ricketts planned to grow Ameritrade's revenues by

Shouldice Hospital
Introduction
Capital budgeting is very important in decision making for the financial manager of any firm. Most new projects take time in developing because of
the research analysis required in opening a new addition to the company. The cash flow is a huge factor in making the decision of a project. For
instance, capital expenditures require firms to outlay large sums of funds to initialize the project. Second, firms will need to formulate ways of
generating and repaying these funds once they are initiate. Third, there must be a good since of timing and critical finance decision to make it all happen.
The importance of Capital Budgeting, Cash Flows & New Project
Capital budgeting requires that any new projects become infused ... Show more content on Helpwriting.net ...
On the other hand, there are several components that must be identified when looking at incremental cash flows which include: The initial outlay, cash
flows from taking on the project, terminal cost or value and the scale and timing of the project. This means that a positive incremental cash flow is a
good indication that an organization should spend time and money investing in the project. Operating Cash Flow (OCF) is a measure of the amount of
cash that a company generates at their normal business operation. However, operating cash flow is important because it is an indicator of whether a
company is able to generate sufficive amount of cash flow to maintain and grow its operations or whether it may require external financing to launch
the project.
Conclusion
New business project can require time in bring on the establishment. However, the finance manager should analyze and research their project so to
know the cost and cash flows that would be necessary to accept this project. Also, there should be formulated plans to repay or finance the project.
Managers must be aware of the pros and cons of the new project. On the other hand, there should be time spent on the development of the project and
investment should be in place for the establishment of the project. On the other hand, if the company is unable to meet the requirement of the project,
then the project could possibly be

The Optimization And Aerodynamic Characteristic Of Laminar...
Literature Review Introduction The title of the project is "CFD Calculation and aerodynamic characteristic of laminar flow airfoil S809".
According to this topic, the critical aim of this project is to achieve the minimum drag on the aircraft by considering the streamline movement over
the surfaces of the aircraft body. The aerodynamic drag is spilt into different components such as skin friction drag, shock or compressibility drag,
form drag, drag due to lift (Bushnell.D, 2003). If we look at an airfoil profile, we need to have an understanding about airflow behaviour along with
an airfoil before study about drag reduction. Development of boundary layer on a smooth flat plate The boundary layer has two regions such as
laminar and turbulent. Over the airfoil where the laminar separation occur to fully turbulent which at this point is defined as transition point. In the late
1930s, the viscous drag reduction was investigated to understand the possible significant effect on the aircraft (Bushnell.D, 2003). We focus only on
the boundary layer viscous drag on the airfoil due to majority of the effect, it is about 45% of the total drag developed by skin friction, and the other
major compound is induced drag (about 35%). In 1950s and 1960s, the computing technology then wasn't developed enough therefore the drag
reduction approaches had to be investigated by theoretically and from experimental data (wind tunnel tests, flight tests, empirical & semi empirical)
(Claus, 2016).

Fin 571 Week 6
5Running head: GUILLERMO FURNITURE SCENARIO
Guillermo Furniture Store Scenario
University of Phoenix
FIN/571
Guillermo Furniture Store Scenario
Guillermo Navallaz is the proud owner of Guillermo's Furniture Store located in Sonora, Mexico. He chose this area because of its excellent supply of
timber for the variety of tables and chairs produced by his company. Business was going well until the late 1990s' when two events caused a decline in
Guillermo's business. First, a new overseas competitor entered the Sonora furniture market with their high–tech approach that provided furniture to
exact customer specifications at low prices. The second event was that the community of Sonora began to grow. The increase of people and jobs...
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Though the initial investment of the cost of the technology is immense at $7,000,000, Guillermo will see a significant reduction in production costs.
The weighted average cost of capital (WACC) is one of the most important figures in assessing a company's financial health as it gives an insight into
the cost of the financing, can be used as a hurdle rate for investment decisions, and acts as a measure to be minimized to find the best capital structure
for the company (QFinance the Ultimate Financial Resource, 2011). The WACC for the high–tech alternative is 9.056% and represents the rate of
return that the investors of Guillermo Furniture require, weighted according to the proportion each element of debt and equity bear to the total pool of
capital. The Guillermo weighted mix of financing is 40% debt and 60% equity. This alternative produces a 12% return on equity, so with the WACC
of 9.056%, it creates almost 3% additional value for its investors.
Net present value (NPV) is the present value (PV) of an investment's future cash flows minus the initial investment ("Net Present Value," 2011). The
high–tech alternative has a PV of $13,940,554.49 with an initial investment of $7,000,000, so the NPV = $6,940,554.49. This positive NPV indicates to

Case: DowвЂ™s Bid for Rohm and Haas
Why does Dow want to buy Rohm and Haas? Was the $78 per share bid reasonable? Why was the deal structured as all cash?
Dow Chemical ("Dow") wants to acquire Rohm and Haas ("Rohm") for its strong operational and strategic fit. When Liveris became Chairman and
CEO of Dow, he shifted the focus to growth and profitability by becoming an asset light producer of commodity chemicals and becoming a
high–valued–added producer of specialty chemicals and advanced materials. This combination is a step in that direction that would bring together
best–in–class products and technologies, broad geographic reach, and strong industry channels for growth opportunities. Rohm would also expand
Dow's network into emerging markets and alter Dow's earnings ... Show more content on Helpwriting.net ...
Thus, if one completely removes the revenue synergies, as these are typically the most difficult to achieve in comparison to cost synergies, the implied
share prices fall right near the $78 bid price, which makes it a reasonable bid.
The reason why it was structured as an all–cash deal was driven by the fact that 32% of Rohm's shares wanted to sell substantially all of their shares
within 1.5 years. Furthermore, Dow had a potential cash inflow of over $7 billion in cash from the JV agreement, a $4 billion financing option of
8.5% convertible preferred equity and $13 billion in bridge loans. When compared to the 8.5% WACC, these options may potentially be less expensive
than issuing equity.
What are the major deal risks inherent in this merger transaction? How and to whom does the merger agreement allocate these key risks? (See, in
particular, case exhibit 4.)
Some of the major deal risks inherent in this merger transaction are as follows. Dow will have to make integration decisions that are absolutely critical
to making the acquisition pay off through the cost and growth synergies. Additionally, Dow agreed to a contract with no financing out, which means
that the offer is not contingent on Dow securing financing. Furthermore, the material adverse effect clause stipulates that any adverse effect to the
specialty chemical industry or the economy or markets generally is excluded. Also, if the merger does

Working Capital Management
Working Capital Management
Strategies for Improving Working Capital Management by Dorothy Rule, Director and Global Head of Liquidity and Investments, Citigroup Global
Transaction Services n 2004, treasurers worldwide continue to strive to manage working capital more efficiently. They are under pressure to reduce
Days Sales Outstanding, to measure Days Payable Outstanding, and to find alternatives for enhancing yield management due to record low interest
rates. Other factors are impacting corporate treasurers as well. Corporate governance initiatives such as SarbanesOxley are increasing the treasurer's
need for access and visibility to accounts around the world. The continuous rollout of Enterprise Resource Planning (ERP) systems ... Show more
content on Helpwriting.net ...
The liquidity opportunity
In liquidity management, corporations have for many years concentrated and notionally pooled cash balances domestically to maximise returns on
balances and minimise expense. Globalisation and the euro prompted an increase in cross–border concentration. Now, treasurers can leverage target
balancing, notional pooling and automated investment products to benefit from a streamlined, electronic global solution. These global liquidity
management
TMI | Working Capital Management
16
Concentrating funds worldwide Motorola won the 2003 Alexander Hamilton Award from Treasury and Risk Management for developing an innovative
liquidity structure. Citigroup worked with Motorola to create a structure that automatically moves funds from various
Asian subsidiaries funding each other and global treasury A global corporation had excess liquidity in multiple markets in Asia, predominantly in local
currencies. It wanted to utilise liquidity in one market to fund an entity in another market. It also wanted to move excess liquidity efficiently out of the
region to its global treasury, which was borrowing money from the market. All of its flows were in local currencies and some were in the more
regulated markets like Korea and Malaysia. The client was not banking only with Citibank, but with other banks as well and did not want to change
banking relationships. Citigroup set up a cash management arrangement that enabled the client to upstream its local

Apathy And Its Effects On Society
Apathy Indifferent. Detached. Desolate from any kind of emotion. This is how one "feels" when apathy sneaks its way into their brain. Everything
they have ever felt becomes a vague and distant memory, a vast void. There is nothing that can be done, so it seems to the individual. This leaves him
/her quite helpless. And more often than not, the phrases "I don't care!", "Why does it even matter?", and "It isn't important" are overlooked and are
labeled rebellious. But should those phrases not spark a greater concern? It must be terrifying to view a human being who carries on their lives with
lassitude. Whether or not they know wrong from right, their lack of care and concern instigates negative consequences from loved ones and society.
When one is empty of emotions, there is nothing stopping them from doing wrong, but there is certainly nothing stopping them from doing right. The
notion that apathetic human beings need supervision, due to fear, needs to be reevaluated. This concern for those with apathy must be aimed at the
reason why. This way, individuals will have a greater understanding of a realm that is so vastly hollow. Half way through this essay's first paragraph,
I had stopped caring and I had told myself it had not mattered and continued to sit in this very seat, just staring at my laptop. It was a very foolish
thing to tell myself, as I had barely begun to type up this assignment. But why had I become apathetic, what were my reasons? One does not simply stop

Chapter 11 Problems Essay
I. Payback period computation; even cash flows
Compute the payback period for each of the following two separate investments (round the payback period to two decimals):
1. A new operating system for an existing machine is expected to cost $260,000 and have a useful life of five years. The system yields an incremental
after–tax income of $75,000 each year after deducting its straight–line depreciation. The predicted salvage value of the system is $10,000.
Payback period=Cost of investment/ Annual net cash flow
=$260,000/ $125,000
=2.08 years
Annual depreciation= $260,000 –$10,000 / 5 = $50,000
Annual after tax income$75,000
+ Depreciation 50,000
Annual net cash flow$125,000
2. A machine costs $190,000, has a... Show more content on Helpwriting.net ...
The equipment is expected to cost $240,000 with a 12–year life and no salvage value. It will be depreciated on a straight–line basis. The company
expects to sell 96,000 units of the equipment's product each year. The expected annual income related to this equipment follows.
K2B concludes that the investment must earn at least an 8% return. Compute the net present value of this investment. (Round the net present value to
the nearest dollar.)
Net cash flows from net income
1. Payback period=$240,000 / $44,500 = 5.39 years
2. Accounting rate of return=$24,500 / $120,000 = 20.42%
V. Net Present Value

Interstate Manufacturing is considering either replacing one of its old machines with a new machine or having the old machine overhauled.
Information about the two alternatives follows. Management requires a 10% rate of return on its investments.
Alternative 1: Keep the old machine and have it overhauled. If the old machine is overhauled, it will be kept for another five years and then sold for
its salvage value.
1. Determine the net present value of alternative 1.
Keep the old machine and have it overhauled
Alternative 2: Sell the old machine and buy a new one. The new machine is more efficient and will yield substantial operating cost savings with more
products being produced and sold.
2. Determine the net present value of alternative 2.
Sell the old

Finance Essay
1. (TCO 1) What is the goal of financial management for a sole proprietorship? (Points : 3) decrease long–term debt to reduce the risk to the owner
maximize net income given the resources of the firm maximize the market value of the equity minimize the tax impact on the proprietor minimize
costs and increase production 2. (TCO 1) Which of the these activities is not a capital budgeting task? (Points : 3) determining the amount of cash
needed on a daily basis to operate a firm identifying assets that produce value in excess of the cost to acquire those assets evaluating the size and
timing of future cash flows from a project evaluating the... Show more content on Helpwriting.net ...
If the interest rate on this investment is eight percent, what is the approximate current value of these future payments? (Points : 3) $93,000 $53,500
$84,300 $52,000 12. (TCO 3) Your neighbor just received a credit offer in an e–mail. The company is offering him $6,000 at 12.8 percent interest. The
monthly payment is only $110. If he accepts this offer, how long will it take him to pay off the loan? (Points : 3) 81.00 months 81.50 months 83
months 82.17 months 90.70 months 13. (TCO 3) Fine Oak Woodworks is considering a project that has cash flows of $5,000, $3,000, and $8,000
for the next three years. If the appropriate discount rate of this project is 10 percent, which of the following statements is true? (Points : 3) The
current value of the project's inflows is $16,000 The approximate current value of the project's inflows is $13,000 The current value of the project's
inflows is somewhere in between $14,000 and $16,000 The project should be rejected because its present value is negative 14. (TCO 4) You are
considering two investments. Investment I, is in a software company and Investment II, is an engineering company. The investments offer the
following cash flows: Year Software Company Engineering Company 1 $5,000 $15,000 2

Financial Analysis
Sara Lee Corp Sara Lee operates as a global manufacturer and marketer of brand–name packaged foods and household products. Their products are
distributed in grocery stores, drug stores, and food–service outlets. In February 2005, the firm embarked on mission to centralize and streamline its
organization. Several less profitable business segments and brands were divested. Although Sara Lee owns well–known brands such as Sara Lee,
Hillshire Farms, and Jimmy Dean, its products are segmented, making it difficult to achieve pricing power. Sara Lee is also feeling the pressure of
rising commodity costs and changes in consumer trends. Many industry analysts are skeptical as to whether the restructuring initiative and strategy
shift will... Show more content on Helpwriting.net ...
D.Changes in inventory, there is a sharp decline from '06 to '07 on the balance sheet due to divested businesses. The change in cash flows in '07
supports building inventory in order to support changing industry trends. Cash from Investing Activities: E.Capital Expenditures: large cash
expenditures also show investment in the business and support the growth strategy. F.Investments? If I was auditing SLE I would require disclosure of
this amount. There is nothing on the income statement that explains this cash gain. (The Income Statement is attached for review in Appendix A).
G.Other Cash flows from investing activities – shows shrinkage in business. This amount also requires further explanation and is not found on the
income statement. H.Long Term Investments: from Balance Sheet, no long–term investing also shows a business in the declining stage of the life
cycle. I.Total Cash Flows from Investing: even with the significant amount of capital expenditures, the positive inflow states a decline in business
investment which is not good news for the future; this is surprising based on the new strategy focus. Cash from Financing Activities: J.Purchase of
Stock: Sara Lee has been repurchasing stock since the 2005 announcement. Stockholders are eager for SLE management to accelerate its current

Essay on Elasticity Reveiw
Problem Set 1 Solutions
1. Calculating Taxes. The Herrera Co. had $246,000 in taxable income. Using the rates from Table 2.3 in the chapter calculate the company's income
taxes. What is the average tax rate? What is the marginal tax rate?
The total amount of income tax is 0.15($50,000 = $7,500 + 0.25(($75,000 – 50,000)= $6,250 + 0.34(($100,000 – 75,000)= $8,500 + 0.39(($246,000 –
100,000) = $56,940 Total = $79,190
The average tax rate is the total amount of tax divided by taxable income, so:
Average tax rate = $79,190 / $246,000 = 0.3219 or 32.19%
The marginal tax rate is the tax rate on the next $1 of earnings (taxable income). Since taxable income of $246,000 falls in the 39% tax ... Show more
content on Helpwriting.net ...
We know that cash flow from assets (CFFA) must be equal to the sum of the cash flow to creditors (CFC) and the cash flow to stockholders (CFS).
We have CFC and CFS from previous two parts. So:
CFC + CFS = CFFA = $18,100 + 2,250 = $20,350.
We also know that CFFA is equal to OCF– Net capital spending – Change in NWC. We already know OCF from the first part. Thus we need to find
net capital spending to solve for the Change in NWC.
Net capital spending = (Ending NFA– Beginning NFA) + Depreciation
Since NFA increased by $22,400, it means the ending NFA must be more than the beginning BFA by $22,400. In other words (Ending NFA
–
Beginning NFA) = $22,400.

Net capital spending = $22,400 + 8,000 = $30,400
Now we can use:
CFFA = OCF– Net capital spending – Change in NWC
$20,350 = $52,540 – 30,400 – Change in NWC. $20,350 = $22,140 – Change in NWC
Change in NWC = $22,140 – $20,350 = $1,790
This means the company increased its NWC by $1,790.
5. Prepare a Balance Sheet. Prepare a 2010 balance sheet for Jarrow Corp. based on the following information: cash = $183,000; patents and copyrights
= $695,000; accounts payable = $465,000; accounts receivable = $138,000; tangible net fixed assets = $3,200,000; inventory = $297,000; notes payable
= $145,000; accumulated retained earnings = $1,960,000; long–term debt = $1,550,000.
The balance sheet for the company looks like

The Between The Atrium Aspect Ratio Under Different Heat...
Figure вЂЋ2.6 Numerical experiment N.B with fire at atrium at 250 Sec [9]
Figure вЂЋ2.7 Physical model P.M with fire at atrium at 250 Sec. [9]
It was concluded that the height of the atrium and the fan locations have obvious effect on the efficient abstraction. Atrium with height more than 30 m
with exhaust fans located towards the ends may require attention to control the smoke abstraction efficiently.
Yi, Hou, Li and Feng & Chow [13] study the relation between the atrium aspect ratio under different heat release rate of fire the flooding time flow of
smoke occurs and, 32 simulations were performed using a model, FDS (Fire Dynamics Simulator, Version 3). Table 2.4 shows the size of the atrium
and HRR of steady fire. For the all simulations, (3Г—3Г—3) meter fire room was used, the fire was at the center of the floor of the fire room, and 27
m height atrium. The vents in the fire floor were both (2Г—1.5) meter with located at 1 m above the floor with 20 oC ambient temperature.
Figure 2.8 listed the early stage situation of the fire in a floor near to an atrium. The fire floor has 2 vertical vents named WA and WB and there are
open to both the atrium and outside. The atrium ceiling is open, and it is assumed that there is an ideal isolation between the atrium and the adjacent
floors.
At fire early stage, the smoke moves to outside and the atrium, and air from outside and the atrium moves inside the fire floor at the same time from
the 2 vents. Figure 2.8 shows the

The University Of Wisconsin : Oshkosh Titans And The St....
Competition is a unique situation in life to analyze. If you can focus on the small details outside of the game, there's a possibility that you can
understand the way an athlete is performing and why a coach is behaving a certain way. In the heat of the moment, if not properly trained, one can
not perform to their potential due to the pressure that the moment of competition can place on an individual. This can be just as much for coaches and
how they react and act as much as it goes for player. Effective coaches know how to use the situation to their advantage and know what to do or how
to react at the appropriate time. In this paper, I'll examine the competition of the University of Wisconsin– Oshkosh Titans and the St. Thomas
Tommies in a NCAA Division 3 playoff game. I'm watching this game from the UW–Oshkosh side, so I will be observing the UW–Oshkosh football
team for the most part. With this competition between UW–Oshkosh and St. Thomas, I'll break down this paper into four talking points and the effects
of said points. These four points are pre–competition routine, feedback and reinforcement by coach, game flow and interruptions and then other
thoughts and factors that I noticed during the game. First off, let's discuss the pre–competition routine for this highly anticipated playoff game.
UW–Oshkosh warms up with very little mistakes and appear to be comfortable with their warm–up routine. There is a lot of energy on the Oshkosh
sideline, with smiles and head nods

The Indifference Between Life And Death In The Stranger By...
"The opposite of love is not hate, it's indifference. The opposite of faith is not heresy, it's indifference. And the opposite of life is not death, but
indifference between life and death." – Wiesel
Similarly, there are people who are indifferent to everything surrounding them. Throughout the work of philosophical fiction, entitledThe Stranger, by
Albert Camus, the author employs how Meursault ... Show more content on Helpwriting.net ...
Throughout the novel, we see him being apathetic towards the people of the society, his mother, his girlfriend, and his neighbors. He does not
seem to care too much about social norms. He views the world from a different perspective. He stands for what he believes in. He does not get
overwhelmed with any types of emotions. Although sometimes he does try to view the world as others do, but maybe that is too late for him to
do. Before his execution, the Chaplain comes to try to make him believe in the faith, pray for forgiveness but he refuses how he refused the
magistrate. He does not think it is a necessary thing for him to do. He does not support the idea of forcefully believing something. At the very end
of the novel he says, "For all to be accomplished, for me to feel less lonely, all that remained to hope was that on the day of my execution there
should be a huge crowd of spectators and that they should greet me with howls of execration" (Camus, 75). The quote is said by Meursault as he
feels that he deserves the disdain of the society because he is different from others. Literary element tone is noticeable in this quote as it shows the
change of the emotion of Meursault. He does not think the same way as the people in his society does. He is an outcast and he knows that is why he
is being punished for it. He truly believes that on the day of his

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

Essay on Victoria Chemicals
Case Study Week 3– Victoria Chemicals PLC
1.What changes, if any, should the plant manager (Morris) ask the financial controller (Greystock) to make to his analysis?
Morris should ask the Financial Controller to the make the following changes to his analysis:
Include the cost of the rolling stock. These would become an essential asset of the Merseyside Works. The investment to occur in 2010 and then
depreciated over the following 10 years. These would become an asset of the Merseyside works.
Ignore the requests of the Director of Sales. The assumption is that Victoria Chemicals uses consolidated financial accounting in that they will
consolidate the books of both Rotterdam and Merseyside. The impact of cannibalisation will be ... Show more content on Helpwriting.net ...
Therefore, ВЈ2m would need to be invested in 2010 to facilitate the additional volume. Depreciable life of 10years. This should be included in capital
outlay. ii. Director of Sales
Cannibalisation of Rotterdam to get rid of excess at Mersey. Cannot take the approach of not undertaking appropriate investment projects if it
disadvantages another division of the company. The individual operations have a responsibility to operate as efficiently as possible to return maximum
value to the stakeholders. It is highly likely that any incremental business would come from other competing plants that have higher production costs.
There is nothing to indicate that the upgrade would result in cannibalisation of the Rotterdam plant. Therefore this should not be a consideration. iii.
Assistant plant manager (Tewitt) Proposed upgrade EPC plant. Investment required of ВЈ1m. Improve cash flow by ВЈ25k ad infinitum. However, NPV
= –ВЈ750,000. Strategic advantages suggested by Tewitt resulting from the project, including increases in volume and prices when the recession ends,
should be ignored. There is nothing to suggest that an increase in business would eventuate.
There is a clear conflict of interest with bonuses are linked to the size of the overall operation. This would bring into questions the motives for
undertaking this project and could introduce some ethical issues.
This project would have the effect of diluting the return from the main plant upgrade as by itself

Essay about Cooper Industries, Inc.
The management of Cooper Industries, Inc., is considering whether to acquire the Nicholson File Company, a leading manufacturer of hand tools. The
Nicholson family and other members of the management group own about 20% of the Nicholson stock; the remainder is publicly held. From the
standpoint of Cooper, an affirmative decision may involve Cooper in a bidding contest with two other companies, which have already purchased part of
the outstanding Nicholson stock and made tender offers in an effort to acquire control of Nicholson. If Cooper decides to proceed, it must determine
what price it will have to pay in order to acquire control of Nicholson and whether it can reasonably afford to pay this price for Nicholson. These
decisions must ... Show more content on Helpwriting.net ...
1974 1975 1976
Maximum number of Cooper shares that could be issued for Nicholson shares without diluting Cooper's earnings per share (millions) .961.341.45 1.5
1.46
Number of Nicholson shares outstanding (millions) .584.584 .584 .584 .584
Number of Cooper shares that could be offered for one Nicholson share without diluting Cooper's earnings per share for the year in question 1.64 2.29
2.482.58 2.50 Exhibit TN–1 Calculation of Value of Nicholson to Cooper Based on DiscountedCash Flow Analysis
(millions of dollars except per share data)
1972 1973 1974 1975 1976 1977 1978 1979 1980 1981
____________________________________________________________
____________________________________________________________
_________
Projected cash flow from operationsa
Terminal value at end of 10 yearsb
Deduct:
Increase in net working capitalc Assumed capital expendituresd
Cash flows to Cooper

Present value factor
Present value of cash flows
Total present value of cash flows
Less: Long–term debt
Maximum value for all outstanding Nicholson stock
Maximum value per share of Nicholson stock
____________________________________________________________
____________________________________________________________

Millegan Creek Apartments- Financial Analysis Essay
The Millegan Creek Apartment case is an example of a commercial loan. The parties involved in the commercial loan are JP Multifamily Inc. and
Fleet Bank. Real Estate group at Fleet Bank want to find out whether or not to accept JPI's proposed $15,715,000 loan for a 390–unit apartment
project in Austin, Texas. The details about the each party, market and financial analysis of the project is outlined below. THE BORROWER–JP
MULTIFAMILY INC. The Development Expertise JPI Multifamily Inc.(JPI) was founded in 1989 by John Carpenter and Frank Miller, who had
worked together at Southland Financial. JPI, a first class developer, was known as a "merchant builder" meaning that they developed properties with
the intention of selling rather than... Show more content on Helpwriting.net ...
Total Project Cost: $19,644,000 Loan Amount: $15,715,000 Land Cost: $1,425,000 The holding period: Target holding period is two to three years
MARKET ANALYSIS Regional Economic Drivers Austin housing market holds a comparative advantage and this advantage exists because;–it's
ranked sixth in the nation as a preferred location for a new manufacturing facility, – Austin economy had always been universities and government as
the state capital. Austin had a government workforce of over 110,000 including state, country and city employees and plus recently added 3,000
government sector jobs, –The location of project was close to many of Austin's high tech companies. Texas Instruments had a big campus located across
the street. Others in the area included: Abbott Laboratories, Tandem Computers, 3M, and State Farm Insurance. Apple Computers had also announced
plans to build a new, $28 million, 300,000square foot facility to house its U.S. Customer support Service – The other strength of Austin is that the city
is filled with good universities. Companies were attractive to Austin economy by the presence of university –based research and its very desirable
climate. Market demand Austin had experienced significant population growth and local economists expected these trends to continue. The average
family size would continue to be about 2.43 people per household. Job Growth Since the

Papa Geo Budgeting Project Essay
Brain Enterprises Budget Proposal For Papa Geo's Restaurant BUSN–278 SUMB11 Sec B Professor Marie Main DeVry University
––––––––––––––––––––––––––––––––––––––––––––––––– Table of Contents Section| Title| Subsection| Title| Page Number| 1.0| Executive
summary| | | 3| 2.0| Sales Forecast| | | 3| | | 2.1| Sales Forecast| 3| | | 2.2| Methods and Assumptions| 4| 3.0| Capital Expenditure Budget| | | 4| 4.0|
Investment Analysis| | | 6| | | 4.1| Cash flows| 7| | | 4.2| NPV Analysis| 8| | | 4.3| Rate of Return Calculations| 8| | | 4.4| Payback Period Calculations| 9|
5.0| Pro Forma Financial Statements| | | 9| | | 5.1| Pro Forma Income Statement... Show more content on Helpwriting.net ...
These figures are not definite and will likely change over time as figures are being actualized every year. These assumptions were based on an
article written by the National Restaurant Association where they stated that as long as the economy keeps doing well the estimated sales in
restaurants will exceed $604 Billion in 2011 alone (National Restaurant Association, 2011). From the projected forecast of sales for 2011 we are
assuming that the prosperity in growth will continue each year. However with any economy nothing is for sure and sales should be monitored and
increasing prices to keep up with costs will most likely need to be reviewed bi–annually. * * 3.0 Capital Expenditure Budget * * The expected prices
from all Capital Expenditures listed were found online at a number of websites to look for the most cost efficient prices: * http://www.acemart.com/ *
http://www.webstaurantstore.com/1045/mops–and–mopping–accessories.html * http://www.centralrestaurant.com/ * http://www.katom.com/ * http:/
/www.instawares.com/ * http://www.bmigaming.com/ * http://www.bradydist.com/brady_distributing_arcade_games.php * * * The resulted findings
for all items that are necessary to start up the restaurant total to

Rmit
ACCT 2060 Introductory Accounting Assignment– Semester 1, 2012 Part A Question 1 In the course of the financial year, Blackmores' principal
operating activities focused on the development and marketing of natural health products such as vitamins, herbal and mineral nutritional supplements.
They sell and have operations in the natural health and dietary market throughout Australia, New Zealand and Asia region. (Reference: Blackmores'
Annual Report 2011, Pg. 37) Question 2 Mr Marcus C. Blackmore AM is the Chairman of Blackmores' Group. (Reference: Blackmores' Annual
Report 2011, Pg. 35) He held 4,479,278 fully–paid ordinary shares in the company at the end of their 2011 financial year. (Reference: Blackmores'
Annual Report 2011, Pg.... Show more content on Helpwriting.net ...
53) iii. Gearing ratio: For the year 2010: Gearing ratio = Non–current liabilities / (Share capital + reserves + retained earnings + non–current liabilities)
x 100% = $48,102,000 / ($25,348,000 + $2,470,000 + $43,972,000 + $48,102,000) x 100% = 40.1% For the year 2011: Gearing ratio = Non–current
liabilities / (Share capital + reserves + retained earnings + non–current liabilities) x 100% = $40,797,000 / ($25,348,000 + $1,594,000 + $52,170,000 +
$40,797,000) x 100% = 34.0% (Reference: Blackmores' Annual Report 2011, Pg. 53) iv. Interest cover ratio: For the year 2010: Interest cover ratio =

principle of corporate finance solution Essay
CHAPTER 2
How to Calculate Present Values
Answers to Problem Sets
1. If the discount factor is .507, then .507*1.126 = $1
2. 125/139 = .899
3. PV = 374/(1.09)9 = 172.20
4. PV = 432/1.15 + 137/(1.152) + 797/(1.153) = 376 + 104 + 524 = $1,003
5. FV = 100*1.158 = $305.90
6. NPV = –1,548 + 138/.09 = –14.67 (cost today plus the present value of the perpetuity) 7. PV = 4/(.14–.04) = $40
8. a. PV = 1/.10 = $10
b. Since the perpetuity will be worth $10 in year 7, and since that is roughly double the present value, the approximate PV equals $5. PV = (1 / .10)
/(1.10)7 = 10/2= $5 (approximately)
c. A perpetuity paying $1 starting now would be worth $10, whereas a... Show more content on Helpwriting.net ...
From this equation, we can solve for the amount to be put aside each year.
PV(boat) = $20,000/(1.10)5 = $12,418
PV(savings) = Annual savings
Because PV(savings) must equal PV(boat):

Annual savings
Annual savings
Another approach is to use the future value of an annuity formula:
Annual savings = $ 3,276
22.The fact that Kangaroo Autos is offering "free credit" tells us what the cash payments are; it does not change the fact that money has time value. A
10% annual rate of interest is equivalent to a monthly rate of 0.83%: rmonthly = rannual /12 = 0.10/12 = 0.0083 = 0.83%
The present value of the payments to Kangaroo Autos is:
A car from Turtle Motors costs $9,000 cash. Therefore, Kangaroo Autos offers the better deal, i.e., the lower present value of cost.
23.The NPVs are: at 5%at 10%at 15%
The figure below shows that the project has zero NPV at about 11%.
As a check, NPV at 11% is:
24.a.This is the usual perpetuity, and hence:
b. This is worth the PV of stream (a) plus the immediate payment of $100:
PV = $100 + $1,428.57 = $1,528.57
c. The continuously compounded equivalent to a 7% annually compounded rate is approximately 6.77%, because: e0.0677 = 1.0700
Thus:
Note that the pattern of payments in part (b) is more valuable than the pattern of payments in part (c). It is preferable to receive cash flows at the start
of every year than to spread the

Business
1. (TCO 7) At Lakeside Manufacturing, budgets are the responsibility of everyone. Each department collaborates in determining its expected needs,
and sales personnel determine the likely sales volume. Al Talbott, one of the production managers, believes in building plenty of slack into
everything, including his estimates of ending inventory of work in process. As the accounting manager, write a memo to Mr. Talbott, explaining why
the ending inventory figure should be extremely accurate, with as little slack as possible. (Points : 20) | 2. (TCO 9) Garner Company requires its
marketing managers to submit estimated cost behavior data on all requests for new products or expansions of a product line. Judy Oslo is a new... Show
more content on Helpwriting.net ...
(Points : 5) | expected future net income. past performance. to motivate the sales force. a clean slate, with no expectations. | 2. (TCO 2) Which of the
following is not a qualitative forecasting method? (Points : 5) | Executive opinions Sales force polling Delphi method Classical decomposition | 3.
(TCO 3) Which of the following statements regarding the t–statistic is true? (Points : 5) | The t–statistic cannot be negative. The t–statistic measures
how many standard errors the coefficient is away from the independent variable. The higher the t–value, the more confidence we have in the coefficient.
Low t–values indicate high reliability. | 4. (TCO 4) Which of the following statements regarding the risk associated with R&D activities is
incorrect? (Points : 5) | The amount of time between the R&D activity and the cash flows from the project does not affect risk. Greater risk is
associated with creating new products than improving existing products. Risk increases as the time between the R&D activity and the cash
flows from the project increases. Assessing risk is a vital part of research and development. | 5. (TCO 5) Program budgeting does not include: (Points
: 5) | Controlling Programming Budgeting Planning | 6. (TCO 6) When using the payback period technique, the payback period is expressed

Essay on Pepsi In Cuba
How attractive to PepsiCo is the proposal to buy 30% of Deltex for 1.1B pesos (US$360M)?
Based on the information in the case, Pepsi could invest US$360 million in exchange for 30% equity of Deltex. So we have to calculate the value
of 30% equity of Deltex. First, we calculated the discount factor by using average unlevered beta of US independent bottlers, US 10 year Treasury
bond as risk free rate and assuming market risk premium 10%. We came up with 9.83% of WACC. Next, we calculated Deltex freecash flow and
terminal value and then converted them into US dollar value. Now with WACC and total cash flow, we had NPV of the company. So we deducted
current debt from NPV and came up with the value of US$360M investment equal to 59.99% of ... Show more content on Helpwriting.net ...
It had increased its market share to about 50% in each of its regional markets and remained highly profitable. Deltex was also one of the few Pepsi
bottlers in Mexico whose share had risen since the 1960s.
b.Deltex was in the most populated region in Mexico. Densely populated and allowed centralized access to a large number of potential customers. It
was a market that Pepsi could not miss.
c.Pepsi distribution system had become inefficiency and fragmented and lacked scale advantages. It needed to consolidate its bottling group, to build
new packaging capacity and expand new territorial scope. Deltex could help Pepsi to achieve this goal. It already had 88,000 points of sales, and
owned subsidiaries which manufactured plastic bottles, bottle caps, containers and packaging materials.
d.Deltex's president Adolfo Sanchez had the expertise of the industry know–how knowledge. He was a bottler by profession and knew the Mexican
bottling business well. He also had developed strategies to modernize the production lines and promotional campaigns.
Downsides
a.Pepsi's US$360M investment was too expensive. Based on our calculation, this investment was worth almost 60% of Deltex equity. However, in the
proposal, Pepsi would only receive 30% of Deltex equity.
b.Pepsi might not be able to organize and control the Deltex joint venture in the same way as were with previous two joint ventures since Sanchez
wanted to remain in control of the

Budget Proposal Essay
| Papa Geo's (5 Year Budget Proposal) | | | 1.0 Executive Summary|
Papa Geo's is devoted to bringing top notch Italian cuisine at an affordable price that everyone can enjoy, because at Papa Geo's you're not just our
guest you're family. We offer a wondrous all–you–can–eat style buffet of the fines Italian cuisine. Unlike your typical sit–down buffets in the Orlando,
Florida area; we ensure a unique experience with a combination of both exceptional foods as well as great entertainment that the entire family can
enjoy. The following budget plan illustrations how our restaurant will manage our expenses to increase the company's revenues allowing for a 10 %
gain in profit of sales. The budget plan for Papa Geo's ... Show more content on Helpwriting.net ...
The payback period for the loan would be within five years but could be paid off sooner. The discount rate used was a 10% rate which was chose to
show the require investments rate of return. Attached below is our company's investment information.
4.1 Cash Flow Statement
4.2 Net Present Value
4.3 Rate of Return
Papa Geo's IRR 28%
The calculations was done based upon the data that was provided on the excel spreadsheet. (see spreadsheet for more details) Papa Geo's| Rate of
Return| | Total for equipment| 122,114 |Depreciation| 24,423 | Cash inflows| 3,523,075 | Initial Investment| 992,000 | ARR| 3.53 | | Initial Investment|
992,000 | Annual Cash Inflows| 3,523,075 | IRR| 28%| | |
4.4 Payback Period
These numbers show that the loan would be paid in full with the first few months of the fourth year.
5.0 Pro–Forma Financial Statements
5.0 Pro–Forma Financial Statements

The following section breaks down the three most important parts to investing with our company. The pro–forma financial statement section is here to
give you an overview of the significant impact our company can make within the span of five years. The next few sections are explain in detailed
attachment of our projected outcomes at Papa

Flash Memory
12
Flash INC. CASE ANALYSIS
Comparative Financial Analysis
Author
Assuming the company does not invest in the new product line; prepare forecasted income statements and balance sheets at year–end 2010, 2011, and
2012. Based on these forecasts, estimate Flash's required external financing: in this case all required external financing takes the form of additional
notes payable from its commercial bank, for the same period.
Using the assumptions given in the case, all elements of income statement and balance sheet can be projected for next three years 2010, 2011 and
2012. Sales cycle of the products of the company is such that sales of a particular product increases initially for few years and then starts to decline as
the new ... Show more content on Helpwriting.net ...
The number of shares outstanding will remain the same and thus, the only change in the equity side of the balance sheets for the next three years will
be the change in the amount of retained earnings. This change will be equal to the net income of the company for last year because the company will
not pay a dividend.
Financing requirements of the company can be determined by calculating the cash requirements of the company by adding the working capital
needs and capital expenditure needs of the company. Working capital needs can be calculated by subtracting current liabilities from current assets of
the company. Current assets of the company will remain significantly lower than current liabilities for next three years. Working capital needs of the
company come out to be $17.523 million, $21,028 million and $21,028 million for years 2010, 2011 and 2012. Capital expenditures of the company
will remain at $0.9 million for all three years. Adding the values of working capital needs and capital expenditure needs for all years and by
subtracting these values from net income, we can calculate the external financing required by the company to meet the cash needs for next three years.
As shown in calculations in excel sheet, external financing requirements for the company come out to be $15.231 million for 2010 and $18.091
million for 2011 and 2012 respectively. Assume that the firm

How Are You Currently Meeting Your Goals?
Examine the category Fit in your weekly plan. How are you currently meeting your goals? To begin with I have been heavily focusing within my
fit category this week. I've notice I been consuming a mass amount of sugar lately. On Monday I rested because I just got home from a trip from
out of town. However I went hard on Tuesday, I've been working out for about two years and have been creating certain routines for me to do. I've
been doing this 22 push up challenge that I have been seeing all over social media. I already completed the challenge however I love to continue doing
these 22 push–ups until I feel as if I can complete this task without breaking a sweat. My biggest struggle on my body are my abs. I been trying to
reach this goal... Show more content on Helpwriting.net ...
Having the fact that we had a four day weekend completely threw me off my game. I felt less focused and stressed in completing all of my
assignments. In the contrary I do feel accomplish with every assignment I complicated and it help push myself to do more. In the beginning I was
thrown off but I manage to find my way all on my own. I did have a few setbacks for me this week that I wasn't expecting. I originally had a meeting
this week for a project I was going to be working on with an app developer within the area, however I learned that mixing business with pleasure was
a huge mistake and now I am no longer on this project. I also made the mistake of thinking I had class this week on Tuesday and not Thursday so I
unfortunately wasn't able to accomplish the certain goals I have set for myself this week such as filming a video for my Youtube channel. This week
the cons certainly outweighed the pros.
How did these successes impact your life (your mood, motivation, self–esteem, relationships, etc.) Moreover, I did not have a lot of success this week
besides accomplish my school work and being able to keep myself on track. If I wasn 't the type of person who tries to find the light within the dark
I was say this week was a failure, but since I manage to keep a strong head on my shoulders and power through I felt accomplish. The only time this
week where I felt just calm and normal is showing up for classes and totally let myself forget about the mistakes

The Schematics of a Film Disk
The characteristics of the disc surface affect the flow patterns generated on the film as well as the residence time of the reactants film. The effect of
disc texture on particle characteristics is depicted in Figure 7 and Figure 8. It can be seen that using the grooved disc surface results in smaller particle
size and narrower particle size distribution as compared to smooth disc surface. A narrow particle size distribution for the production of silver
nanoparticles was achieved by Iyer et al.[43] using the grooved disc. The authors postulated that that the corrugated nature of the grooved disc
promoted shear induced micromixing of the thin film on the disc at higher rotational speed. The efficient micromixing ensured that all the particles
were exposed to the similar conditions to maintain a narrow size distribution [43]. Similar enhancement effects of grooved surfaces have been
reported for styrene polymerisation in the SDR [9]. It has also been suggested in the literature that surface textures have the potential to suppress
liquid channelling or rivulet flow compared to a smooth surface under identical conditions of liquid flowrate and liquid properties so that a higher
wetted area is achieved [44]. Rivulet flow as opposed to film flow would result in larger average film thicknesses which may lead to detrimental
performance, especially under strictly laminar flow conditions (i.e. where any surface wave–induced turbulence is absent). Thus, the intensifying effects
of the

Financing Structure Essay
There are various financing options for the type of business I want to open and operate which is a Real Estate Investment company. Structuring these
financing instruments accordingly is important and relevant to the overall success of the potential income–producing real estate investments.
Moreover, selecting the right financing option depends upon the factors involved on each deal or transaction such as the time horizon, the volume of
transactions and the type of property being purchased. All of these factors play a big role in selecting the right financial instrument. (Berges, 2004)
There are three financing instruments I could probably use depending on what I think would be the right choice for the company's unique objectives and
... Show more content on Helpwriting.net ...
(Berges, 2004) "You should have a minimum of a 1.1 to 1.2 ratio of freecash flow left over after all expenses have been paid to ensure that you can
adequately meet the debt requirements." (Berges, 2004, p. 66) The advantages of using debt as the financing tool to acquire real estate investments
are that the loan can be obtained easily and at a lower cost than other financing tools; however, investors must analyze expected cash flow ratios to
make sure they meet minimum desired positive cash flow expectations. (Berges, 2004) Finally, "the interest portion of the payment is tax deductible,
because interest is treated as an expense for tax purposes." (Berges, 2004, p. 67) Equity is another form of raising money to acquire real estate
investment properties by forming a partnership or a corporation. Equity financing occurs when money instead of being borrowed is raised and invested.
"Family, friends, business associates, and private investors can all be good sources of equity financing" (Berges, 2004, p. 67) The disadvantages of the
equity tool for the financing of real estate ventures consist on forming partnerships or corporations; this means that institutional investors are willing to
fund the venture in the form of equity, therefore, becoming shareholders (lost of control). This tool becomes attractive when small private investors

Is Zipcar a High Potential Venture
Based on Criteria's of Evaluating Venture Opportunities there are several key indicators that shows that Zipcar is indeed a high potential venture.
Below are the criteria in brief
1.0Industry & Market
Market: The revolutionary concept certainly provides an alternative to public transport. Furthermore the car sharing concept is really useful for the
public in a overcrowded city with limited parking & expensive parking fees. This is clearly not an untouched segment because there are other 2
competitors operating.
Customer: The target customers are educated and internet savvy urban dwelling people.
User Benefits: Non car owners will have the service at their disposal when ever they require thru reserving it on the web.
Value... Show more content on Helpwriting.net ...
2.3Free cash flow characteristics
Sales Growth : Projected sales growth is approximately 20–40%
Asset Intensity: No assets are on lease or on loan.
R & D / Capital Expenditure: The R&D investment is on the average side.
2.4Time to break–even profit and loss
The time to break even profit and loss is less than 3 years.
3.0Harvest issues
3.1Value–added potential
Patenting of the reservation system, tracking of vehicles and billing has created a high valu added potential.
3.2Valuation multiples and comparables
From year 2 to 5, an average EBIT of 2 times is achieved, however, EBIT is 5 times at first year.
3.3Exit mechanism and strategy
Big guns in automotive industry might buy the business.
3.4Capital market context
The market was picking up and cost owning a car is high; ZipCar came into the market at the right time

4.0Competitive Advantage Issues
4.1Fixed and variable costs
ZIpCar has a low start–up overhead cost amounting up to $50,000.
4.2Control over costs, prices and distribution
Cost is kept at a moderate control for marketing and promotions.
4.3Barriers to entry
Propriety protection : Patented billing and booking system
Response / lead time: Competition is low as limited to only 2. No competion in home base.
Legal, contractual advantage: No contract bindings.
Contracts and networks: A yearly fee is applicable to members.
Key people: Chase dedicated to business and Danielson in

Financial Statement
Financial Statement Overview of Cheesecake Factory (CAKE)
Allison Burke–Rush
FIN/575
June 27, 2016
Jeffrey Hough
Abstract The Cheesecake Factory(CAKE) operates throughout the United States and Puerto Rico as a full–service casual dining restaurants. They are
known by their delicious varieties of cheesecakes. Currently, the Cheesecake Factory own and operate over 202 restaurants and continue to growth at a
steady rate. The growth in sales have gain more than doubled earning in the past three years.
The shares of Cheesecake Factory Inc., mean rate according to NASDAQ: CAKE is 2.55. Four analysts have recommended the shares as buy, while
another three recommends as outperform, and fourteen recommends to hold. In its latest ... Show more content on Helpwriting.net ...
The restaurants increased by 1.7% in the first quarter of 2016, and with the company continuously growth in sales, open in new markets is expected.
The Cheesecake Factory is expecting to open as many as eight restaurants domestically in 2016. They have already open in February, a Cheesecake
Factory in Albuquerque, New Mexico. This is the beginning, with the next location to open in the second quarter of this year. The company is also
looking toward opening as many as four to five restaurants internationally in by the end 2016.
Capital Allocation
The Board of Directors declared a quarterly cash dividend of $0.20 per share on the company's common stock. This increase in dividend was
payable to shareholders of record on closed of business on May 11, 2016. In the first quarter of this year, the company brought back 1.0 million shares
of its common stock at a cost of $50.0 million, with the expectation that it will return its free cash flow to shareholders in this year in the form of
dividends and share of repurchases. The Cheesecake Factory knows the importance of success, therefore they schedule conference calls and webcast
live on the company's website throughout May 26, 2016. This ensure stakeholders that the company was not in the red, and continue to profit.
During a press release The Cheesecake Factory release financial statement which included both seen and foreseen risks, uncertainties and other factors
such as actual

Xyz Akjasfl.Fs Lk, Vk, Svlk Essay
FINANCIAL ACCOUNTING PROJECT WORK Batch (2013–15) CHANDRAGUPT INSTITUTE OF MANAGEMENT PATNA By Group– 5
Rajeshwari Komal (60030) Suruchi Agrawal (60041) Surabhi Priya (60039) Kumar Ankit (60018) Kumar Devashish (60019) Kumar Rohit (60021)
Xytech Inc. Submitted by Group–5 In this case, there is a company named Xytech Inc. which has been started by three partners named Able, Baker
and Cabot. Their product designs were very successful and led to rapid growth of the company resulting in more need of capital to extend the growth
and size of the company. In this case, major financing transactions entered into by the company for the first 10 years of its incorporation were taken
into consideration. Here,... Show more content on Helpwriting.net ...
The journal entries for this is, Dec.31 Able, Capital a/c...dr 18,000 Baker, Capital a/c...dr 18,000 Cabot, Capital a/c...dr 18,000 To Income summary
54,000 General Ledger: Notes Payable 100,000 Able, Capital Baker, Capital Cabot, Capital 18,000 18,000 18,000 18,000 18,000 18,000 Bal 82,000 Bal
82,000 Bal 82,000 100,000 100,000 100,000 Now, in the year 2001 the firm had faced some liquidity problem for the short term due to shortage of
cash. To deal with the problem, Cabot came forward and provided a loan of $

What I Learned From Your Book
Jiaxin Cheng
LSU ID: 893952268
ENGL 1001
21/09/2016
Dear Professor Csikszentmihalyi,
This letter is talking about what I learned from your book, my flow experiences and what are elements of flow in my opinion. But before that I
would like to share a old Chinese fairy tale with you. 1800 years ago in Jin dynasty of China, there was a farmer who's name is Wangzhi. One day
he went out to cut firewood in hills, he saw there are an old man and a child playing the GO (a Chinese game) in pavilion. So he left his axe on a
stump and watched them playing. He was so focus on the game that he totally forgot the time. After a long time, the child told him that as it is so
late you had better go home. Then Wangzhi pick up his axe and start to go home. He was so surprised that his axe handle was rotted and mold.
When he backed home his neighbor told him he had already went out more than 10 years. Of cause fairy tales are not always true story and also may
sound like an exaggeration. But in this fairy tale we can know that Chinese people realize that people have flow experience hundreds years ago.
In this semester we have been discussing about Optimal Experience and what is Flow and how to achieve it in class. I learned that you named the
psychological concept of flow, a highly focused mental state. In your seminal work, Flow: The Psychology of Optimal Experience, you outline your
theory that people are happiest when they are in a state of flow – a state of concentration or

Laminar Flow and Convective Heat Transfer of Water-Alumina...
Laminar flow and convective heat transfer of water/alumina nanofluid inside horizontal annuli with a streamwise moving inner cylinder are
investigated theoretically. Employed model for alumina/water nanofluid is the modified two–component four–equation non–homogeneous equilibrium
model that fully accounts for the effects of nanoparticles volume fraction distribution. Aiming to consider the effects of thermal boundary conditions on
nanoparticles migration, two cases including constant heat flux at the outer wall and insulated inner wall (Case A) and constant heat flux at the inner
wall with insulated outer wall (Case B) have been considered. The numerical results obtained indicated that the thermal boundary conditions at the pipe
walls are significantly affecting the nanoparticle volume fraction distribution particularly in the cases where the ratio of Brownian motion to
thermophoretic diffusivities is small. Moreover, increasing the velocity of the moving inner cylinder reduce the heat transfer rate for case A. In this case
nanoparticles migration has negative effects on the performance of the heat transfer system as it decreases the heat transfer rate. In contrast, in case B,
movement of the inner cylinder enhance the heat transfer rate and anomalous heat transfer enhancement take place when the thermophoretic force is
dominant (larger nanoparticles).
Nanoparticles volume fraction distribution developed under the mutual effects of thermophoretic and Brownian motion forces.

Michael Hill International Report Including Financial,...
Michael Hill International Ltd. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis Phone: +44 20 8123
2220 Fax: +44 207 900 3970 office@marketpublishers.com https://marketpublishers.com Phone: +44 20 8123 2220 https://marketpublishers.com
Michael Hill International Ltd. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis Date: Pages: Price: ID:
May 1, 2016 76 US$ 499.00 M987B2B5E8ABEN Michael Hill International Ltd. Fundamental Company Report provides a complete overview of the
company's affairs. All available data is presented in a comprehensive and easily accessed format. The report includes financial and SWOT information,
industry... Show more content on Helpwriting.net ...
This sort of company's information will assist and strengthen your company's decision–making processes. In the part that describes Michael Hill
International Ltd. competitors and the industry in whole, the information about company's financial ratios is compared to those of its competitors and
to the industry. The unique analysis of the market and company's competitors along with detailed information about the internal and external factors
affecting the relevant industry will help to manage your business environment. Your company's business and sales activities will be boosted by gaining
an insight into your competitors' businesses. Also the report provides relevant news, an analysis of PR–activity, and stock price movements. The latter
are correlated with pertinent news and press releases, and annual and quarterly forecasts are given by a variety of experts and market research firms.
Such information creates your awareness about principal trends of Michael Hill International Ltd. business. About Michael Hill International Ltd.
Michael Hill International Limited engages in the manufacture, wholesale, and distribution of jewellery and related services in New Zealand, Australia,
Canada, and the United States. As of June 30, 2009, the company owned and operated 239 stores under the Michael Hill name. History Michael Hill
International Limited was founded in 1979.

Home Depot Finance Case Essay
II. Background Information
The Home Depot Inc. was founded in 1978 and is the world's largest home improvement retailer and the second largest retailer in the United States.
The sales for the fiscal year 2000 were $45.7 billion, compared to $38.4 billion in fiscal 1999. As of January 2001, the company was operating 1,134
retail stores in forty–seven states, six Canadian provinces, Puerto Rico, Chile and Argentina.
Home Depot stores sell a wide assortment of building materials, home improvement and garden products. Twenty–six EXPO Design Center stores sell
products and services primarily for design and renovation projects. Additionally, the company operates four Villager's Hardware test stores, which offer
products for home enhancement ... Show more content on Helpwriting.net ...
The basic EXPO Design center is approximately 90,000 square feet. Newly acquired companies, Georgia Lighting Inc. and Apex Supply Company
Inc., are each operated by Home Depot Inc. as a wholly owned subsidiary. Georgia Lighting, a leading specialty lighting designer, distributor and
retailer, has six retail locations. Apex Supply Company is a wholesale supplier of plumbing, HVAC and other related professional products, with
twenty–one locations in Georgia, Tennessee and South Carolina.
The co–founder of Home Depot Inc. retired as co–chairman on May 30, 2001. Arthur Blank, 58 years old, ran Home Depot since its inception in 1978
and was chief executive from May 1997 to December 2000. He will not seek re–election to the board. Co–founder Bernie Marcus, 71, the company's
other co–chairman, is expected to continue as chairman. Blank decided to retire sooner than he had planned, primarily because of what he called the
successful transition of leadership to CEO Robert Nardelli, a former General Electric Co. executive and the first outsider at Home Depot's helm.
Nardelli, 52, replaced Blank as CEO on December 5, 2000.
When Blank was CEO, sales more than doubled to $45.7 billion last year from fiscal 1996, and the stock price almost quadrupled, helping to make
Home Depot sixth on the Fortune magazine's list of most Admired Companies in America. The magazine also ranked Home Depot as

Fin 370

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Fin 370