International project appraisal part 2 webinar doc
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This document provides a financial assessment of a proposed train line project in Nurukia. It includes a net present value (NPV) calculation in Appendix 1 that shows the project increases shareholder wealth by almost $150 million when discounted at a 10% cost of capital. Based on this positive NPV, the board should accept the project. However, the summary notes that all forecasts are subject to errors and uncertainties around inflation, taxation, exchange rates, scrap proceeds, and financing assumptions could impact the projected returns. Sensitivity analysis on key variables is recommended before making a final decision.
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Course Email: mgt101@vu.edu.pk
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The first document shows a cost to complete report comparing actual costs and quantities to forecasts to analyze project cost targets. It also notes that any negative variations will be further analyzed. The second document is a cash operating cycle report showing it takes 51 days to convert project investments into returns, so financing must be arranged for that time period. The third document shows project-wise returns on investments, noting returns can be increased by decreasing costs, reducing receivables or payables, or increasing profits. It will analyze projects with returns lower than desired.
InstructionsThe objective of the Case Debriefings is to revi
Instructions
The objective of the Case Debriefings is to revisit the cases in light of the class discussions and demonstrate your comprehension of salient issues, frameworks used for analysis, and the implications of the courses of action considered during the case discussions.
For each case, you should briefly describe the context and the problem, analytical tools used to address the problem, and critical lessons learned. In your reflection essay, you are not expected to replicate the solution. Your discussion should focus on synthesis; you should emphasize what you learned and its practical value.
You should use the following outline to structure your debriefing and make sure that you address the issues outlined above. You can use graphics, tables, and charts to make your point.
Outline:
Case Context
Problem/Analytical Issues
Tools used
Critical lessons learned
Concluding Remarks
Your debriefing should be authentic and not exceed 2 pages excluding charts and tables (12 pt characters) . You should think carefully and write effectively communicating the most critical takeaways from the case discussion. Please submit your work in MS Word doc or docx format.
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1
In 2007, American Cable Communications (ACC) was faced with the decision of whether or not to buy out AirThread Connections (ATC), a large regional cellular provider.
At the time ACC was one of the largest cable companies in the United States, with an expected revenue of $30.9 billion and net income of $2.6 million.
The potential acquisition of ATC would allow ACC to fill an identified market gap by offering more bundled services (video, internet, landline, and wireless).
ACC would also be in a better position to ward off the competitive threat from wireless networks.
© Dr. C. Bulent Aybar
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The document elaborates on Approach 1, proposing that Annual Fixed Cost components be grouped and indexed each year according to inflation, with truing up after each period to refine the indexing factors. It provides details on implementing
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MGT101 - Financial Accounting- Lecture 39
Virtual University
Course MGT101 - Financial Accounting
Lecture No 39
Instructor's Name: Mr. Mujahid Eshai
Course Email: mgt101@vu.edu.pk
Presentation 1
The document discusses economics in the petroleum industry. It provides five-year average data on natural gas production and sales volumes as well as crude oil production and prices. It also outlines the typical organizational structure of an oil company and describes that oil companies are owned by shareholders who invest through share purchases. The objectives of oil and gas companies are to find more reserves, achieve optimum production rates, ensure cost efficiency, practice safety standards, and maximize profits or returns on investment. Economic evaluation of petroleum projects is important for profitability forecasts, decision making on new projects, reporting to shareholders, and reporting to host governments.
Income & revenue expanditure
The document discusses different types of expenditures: capital expenditure, revenue expenditure, and deferred revenue expenditure. Capital expenditure is spending that acquires or improves fixed assets used in the business for more than one year. Examples include purchasing land, buildings, or machinery. Revenue expenditure maintains business operations and fixed assets, and its benefits last less than one year, such as wages, rent, and repairs. The document provides examples of each type of expenditure and compares their key differences.
Depriciation
The document defines depreciation and discusses the need for and factors affecting depreciation. It also describes two methods for recording depreciation - by charging to the assets account and by creating a provision for depreciation account. It provides examples of journal entries under each method and discusses problems related to calculating depreciation and preparing ledger accounts.
13.5 Recording depreciation in the Financial Reports
The document discusses how depreciation is recorded in financial reports. It is recorded as an other expense in the income statement and under non-current assets in the balance sheet. In the balance sheet, non-current assets are shown at historical cost, accumulated depreciation, and carrying value. Accumulated depreciation represents the used portion of the asset, while carrying value represents the remaining unused portion. An example is provided to illustrate calculating depreciation expense using straight-line depreciation over the useful life of an asset.
Depreciation
This tells about
What is Depreciation?
Objectives of Depreciation
Methods of Depreciation
Depreciation as Under Indian Law
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Session B2 - Project Cost Control
This document discusses project cost control on the Tideway Tunnel project in London. It provides details on the project's cost structure, which includes a work breakdown structure (WBS) and cost breakdown structure (CBS). It also discusses key aspects of cost control like planned value, actual cost, forecast, and cash flow. The document outlines Tideway's organizational cost control structure and how the project's baseline was set. It provides an example of the project's risk register, which tracks risks like weather delays.
Snam 2015 Interim Results
Snam reported solid financial results for the first half of 2015. Revenues increased 3.1% to €1.8 billion while EBITDA rose slightly to €1.4 billion. Net profit was up 9.1% to €612 million. Operational performance was also positive, with gas consumption increasing 0.8% and gas injected into the network rising 7.9% compared to the prior year period. The company generated €587 million in free cash flow for the first half of 2015. Snam remains focused on sound growth and cash flow generation while continuing investment in its gas infrastructure network.
1Q 2014 Results Presentation
- Enel Group reported 1Q 2014 results in line with expectations, with EBITDA up 0.5% compared to the prior year period restated for IFRS 11.
- Italian and Iberian operations saw EBITDA increases of 7% and 0.5% respectively, despite weak demand and negative regulatory frameworks. Latam operations EBITDA declined 21.6% due to forex effects and lower generation margins.
- Group net debt increased 4.6% to €41.5 billion compared to December 2013 levels, impacted by seasonal factors including the payment of dividends. The average cost of gross debt was 5.0% with an average debt maturity of 6 years and 9 months
Formats of Cost and Financial Control Reports
The first document shows a cost to complete report comparing actual costs and quantities to forecasts to analyze project cost targets. It also notes that any negative variations will be further analyzed. The second document is a cash operating cycle report showing it takes 51 days to convert project investments into returns, so financing must be arranged for that time period. The third document shows project-wise returns on investments, noting returns can be increased by decreasing costs, reducing receivables or payables, or increasing profits. It will analyze projects with returns lower than desired.
InstructionsThe objective of the Case Debriefings is to revi
Instructions
The objective of the Case Debriefings is to revisit the cases in light of the class discussions and demonstrate your comprehension of salient issues, frameworks used for analysis, and the implications of the courses of action considered during the case discussions.
For each case, you should briefly describe the context and the problem, analytical tools used to address the problem, and critical lessons learned. In your reflection essay, you are not expected to replicate the solution. Your discussion should focus on synthesis; you should emphasize what you learned and its practical value.
You should use the following outline to structure your debriefing and make sure that you address the issues outlined above. You can use graphics, tables, and charts to make your point.
Outline:
Case Context
Problem/Analytical Issues
Tools used
Critical lessons learned
Concluding Remarks
Your debriefing should be authentic and not exceed 2 pages excluding charts and tables (12 pt characters) . You should think carefully and write effectively communicating the most critical takeaways from the case discussion. Please submit your work in MS Word doc or docx format.
Air Thread Connections
Case Analysis
Dr. Bulent Aybar
Professor of International Finance
1
In 2007, American Cable Communications (ACC) was faced with the decision of whether or not to buy out AirThread Connections (ATC), a large regional cellular provider.
At the time ACC was one of the largest cable companies in the United States, with an expected revenue of $30.9 billion and net income of $2.6 million.
The potential acquisition of ATC would allow ACC to fill an identified market gap by offering more bundled services (video, internet, landline, and wireless).
ACC would also be in a better position to ward off the competitive threat from wireless networks.
© Dr. C. Bulent Aybar
ACC’s Potential Acquisition of ATC: Strategic Logic
The ACC approaches acquisitions using an LBO type framework.
The company hopes to maximize returns by minimizing its equity in the investment and taking advantage of interest tax shields.
The debt will then be paid down using the target’s cash flows until a long-term sustainable D/V ratio is attained.
Given American Cable’s approach to ATC acquisition, a pertinent question is the impact of debt policy on the valuation.
© Dr. C. Bulent Aybar
Valuation Approach: Which Method?
The changing debt balance in the first period (or explicit forecast period) rules out FCFF method which is dependent on WACC. That would require periodic re-estimation of WACC.
However, once a constant target debt ratio is reached, FCFF method can be deployed.
We can use a bifurcated model where we employ the APV method for the first period as the D/E ratio declines, and switch to FCF method for the terminal period.
© Dr. C. Bulent Aybar
Bifurcated Valuation Model
During the terminal value period, the capital structure ratios are assumed to be constant while ...
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This document summarizes NTPC's financial results for the second quarter of FY2011. Key highlights include:
- Net sales grew 20.5% year-over-year to Rs. 13,350 crore, driven by higher power generation and realizations.
- Operating profit declined 8.5% to Rs. 3,371 crore due to higher fuel costs and other expenses.
- Reported net profit fell 2% to Rs. 2,107 crore due to higher provisions, but benefited from extraordinary income related to prior periods.
- The analyst maintains an "Accumulate" rating with a target price of Rs. 230, seeing continued growth from capacity additions but some pressure on margins.
Ocean Carriers Case Report
Ocean Carriers is considering a $39 million ship building project and must use NPV analysis to decide whether to accept it. Three proposals are analyzed:
1) Move headquarters to Hong Kong for a 0% tax rate, generating a positive NPV of $2.5 million.
2) Extend the ship's life from 15 to 25 years, but this does not generate a positive NPV.
3) Combine proposals 1 and 2 by moving headquarters to Hong Kong and extending the ship's life, resulting in the highest NPV of $6.95 million.
The recommendation is for Ocean Carriers to accept the project by implementing the third proposal to maximize financial benefits.
VW's Acquisition of MAN SE
This document discusses the due diligence process for Volkswagen's takeover of Scania AB. It provides an overview of the parties and business logic for the takeover, focusing on synergies in the European heavy truck market. A financial valuation of Scania is presented using a discounted cash flow model, yielding a net present value of $10.978 billion. The document then outlines Volkswagen's bid strategy, including gradually acquiring shares and eventually launching a mandatory offer. It analyzes the financing, implementation, and regulatory approval of the deal. Learning outcomes and references are presented at the end.
Klöckner & Co - Roadshow Presentation May 10, 2013
Klöckner & Co SE held a roadshow presentation in London on May 10, 2013. The presentation was led by CEO Gisbert Rühl and provided highlights and an update on Klöckner & Co's strategy, financial results for Q1 2013, and outlook. Key points included that the restructuring has significantly improved Klöckner & Co's margins and cost structure, but volumes are still lagging. The presentation also reviewed the company's strong balance sheet and progress achieving its restructuring targets.
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The document provides an overview of approaches for simplifying the tariff determination process for the electricity sector in India for the period 2024-2029.
It first reviews key indicators in the past such as steady growth in energy demand and peak capacity. It then outlines two possible approaches - Approach 1 involves shifting to a normative tariff regime where capital cost is approved on actual basis but other components are determined through norms. Approach 2 retains the existing hybrid approach but allows more components to be approved on norms.
The document elaborates on Approach 1, proposing that Annual Fixed Cost components be grouped and indexed each year according to inflation, with truing up after each period to refine the indexing factors. It provides details on implementing
KENGEN_VALUATION_REPORT
Kengen is a Kenyan power company that aims to generate 3,000MW of power by 2018 (Horizon II of its "Good to Great" plan). As of 2015, installed capacity was 1,537MW, making the Horizon II target unlikely. Kengen plans to raise capital through a rights issue and debt conversion to equity to fund projects that could add 1,000MW by 2018. However, the company has high capital expenditures, accounting policies that boost profits, and is expected to have slowing growth. The analyst recommends selling the stock, as its ambitious expansion plans threaten cash flows and it is unlikely to deliver long-term value.
Finmeccanica First Quarter 2015 Result Presentation
1) Finmeccanica reported a good start to 2015 with key metrics heading in the right direction, including revenues increasing above expectations and EBITA rising 11% with an improved ROS of 5.9%. (2) The company confirmed its FY2015 guidance and remains on track to execute its industrial plan and divisionalization process. (3) Focus remains on improving profitability and cash flow generation while reducing group net debt to below €3 billion by end of 2017.
Snam 2014 3Q results
Snam reported its third quarter 2014 results. Revenues increased slightly to 2.648 billion euros while EBITDA rose 1.3% to 2.111 billion euros. Net income increased 28% to 863 million euros. Capex also increased to 856 million euros. Snam acquired an 84.47% stake in TAG GmbH, the operator of the Trans Austria Gas pipeline, for 505 million euros. The acquisition enhances Snam's international strategy.
2022 1Q Consolidated results
Snam reported a 5.2% increase in EBITDA for 1Q 2022 compared to 1Q 2021, offsetting the impact of a WACC reduction. Net profit was up 3.8% year-over-year due to strong performance from associates. Revenues increased 16.9% to €838 million driven by regulated transport and new business revenues. Operating expenses rose 58.2% primarily due to costs associated with new business. Net financial debt declined 10% to €12.6 billion impacted by temporary positive working capital effects.
2021 1Q Consolidated results
Snam reported its consolidated results for the first quarter of 2021. Net profit increased 8.3% compared to the same period in 2020, reaching €313 million. EBITDA was largely stable at €559 million, as higher revenues from transport tariffs were offset by slower growth in new businesses such as biomethane and energy efficiency. Capex increased 5% to €231 million to support growth opportunities in the energy transition. Snam also continued its leadership in sustainable finance by issuing its first dual-tranche transition bond in February 2021.
M2Lesson7IntroductiontoFinancialModeling.pptx
This document provides an introduction and overview of key components for a financial model for a water and sanitation services (WSS) utility. It discusses the modeler's objective to best reproduce the utility's cash flow system. It outlines the main modules in a WSS financial model including the financial, operations, and assumptions modules. It also provides examples of key schedules and considerations for organizing a WSS financial model such as the dashboard, project data sheet, opening balance sheet, movement of main accounts, and cash flow statement.
M2Lesson7IntroductiontoFinancialModeling.pptx
This document provides an introduction and overview of key components for a financial model for a water and sanitation services (WSS) utility. It discusses the modeler's objective to best reproduce the utility's cash flow system. It outlines the main modules in a WSS financial model including the financial, operations, and assumptions modules. It also provides examples of key schedules and considerations for organizing a WSS financial model such as the dashboard, project data sheet, opening balance sheet, movement of main accounts, and cash flow statement.
Repowering Indian Discoms - Academic Research
Presentation of a research work along with Financial Modeling carried out to demonstrate the financial impact of FRP and implementation of smart grids on Indian discoms. (2014)
Irb ru2 qfy2011-281010
IRB Infrastructure reported revenues and profits above estimates for the second quarter of fiscal year 2011, driven by strong growth in the construction segment. While top-line growth exceeded forecasts, margins were also higher than expected. However, the analyst maintains a Neutral rating due to limited upside to the target price. Construction segment performance was robust due to project execution ramp-up, and margins remained above industry averages.
PPAM-AK PPT.pptx
This document outlines several special decision situations in capital budgeting, including:
1) Choosing between projects of unequal life by converting costs to a uniform annual equivalent
2) Determining optimal timing by examining net future value at alternative dates
3) Calculating economic life by minimizing total annual costs over an asset's life
It also discusses adjusting net present value for financing effects using the adjusted present value (APV) method and adjusting the cost of capital. Additional topics covered are inflation, international capital budgeting, and investing in organizational capabilities.
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快速办理(SMU毕业证书)南卫理公会大学毕业证毕业完成信一模一样
学校原件一模一样【微信：741003700 】《(SMU毕业证书)南卫理公会大学毕业证》【微信：741003700 】学位证，留信认证（真实可查，永久存档）原件一模一样纸张工艺/offer、雅思、外壳等材料/诚信可靠,可直接看成品样本，帮您解决无法毕业带来的各种难题！外壳，原版制作，诚信可靠，可直接看成品样本。行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备。十五年致力于帮助留学生解决难题，包您满意。
本公司拥有海外各大学样板无数，能完美还原。
1:1完美还原海外各大学毕业材料上的工艺：水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠。文字图案浮雕、激光镭射、紫外荧光、温感、复印防伪等防伪工艺。材料咨询办理、认证咨询办理请加学历顾问Q/微741003700
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三.真实教育部学历学位认证（教育部存档！教育部留服网站永久可查）
四.办理各国各大学文凭(一对一专业服务,可全程监控跟踪进度)
如果您处于以下几种情况：
◇在校期间，因各种原因未能顺利毕业……拿不到官方毕业证【q/微741003700】
◇面对父母的压力，希望尽快拿到；
◇不清楚认证流程以及材料该如何准备；
◇回国时间很长，忘记办理；
◇回国马上就要找工作，办给用人单位看；
◇企事业单位必须要求办理的
◇需要报考公务员、购买免税车、落转户口
◇申请留学生创业基金
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
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在线办理(GU毕业证书)美国贡萨加大学毕业证学历证书一模一样
学校原件一模一样【微信：741003700 】《(GU毕业证书)美国贡萨加大学毕业证学历证书》【微信：741003700 】学位证，留信认证（真实可查，永久存档）原件一模一样纸张工艺/offer、雅思、外壳等材料/诚信可靠,可直接看成品样本，帮您解决无法毕业带来的各种难题！外壳，原版制作，诚信可靠，可直接看成品样本。行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备。十五年致力于帮助留学生解决难题，包您满意。
本公司拥有海外各大学样板无数，能完美还原。
1:1完美还原海外各大学毕业材料上的工艺：水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠。文字图案浮雕、激光镭射、紫外荧光、温感、复印防伪等防伪工艺。材料咨询办理、认证咨询办理请加学历顾问Q/微741003700
【主营项目】
一.毕业证【q微741003700】成绩单、使馆认证、教育部认证、雅思托福成绩单、学生卡等！
二.真实使馆公证(即留学回国人员证明,不成功不收费)
三.真实教育部学历学位认证（教育部存档！教育部留服网站永久可查）
四.办理各国各大学文凭(一对一专业服务,可全程监控跟踪进度)
如果您处于以下几种情况：
◇在校期间，因各种原因未能顺利毕业……拿不到官方毕业证【q/微741003700】
◇面对父母的压力，希望尽快拿到；
◇不清楚认证流程以及材料该如何准备；
◇回国时间很长，忘记办理；
◇回国马上就要找工作，办给用人单位看；
◇企事业单位必须要求办理的
◇需要报考公务员、购买免税车、落转户口
◇申请留学生创业基金
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
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一比一原版(UoB毕业证)伯明翰大学毕业证如何办理
UoB本科学位证成绩单【微信95270640】伯明翰大学没毕业>办理伯明翰大学毕业证成绩单【微信UoB】UoB毕业证成绩单UoB学历证书UoB文凭《UoB毕业套号文凭网认证伯明翰大学毕业证成绩单》《哪里买伯明翰大学毕业证文凭UoB成绩学校快递邮寄信封》《开版伯明翰大学文凭》UoB留信认证本科硕士学历认证
如果您是以下情况，我们都能竭诚为您解决实际问题：【公司采用定金+余款的付款流程，以最大化保障您的利益，让您放心无忧】
1、在校期间，因各种原因未能顺利毕业，拿不到官方毕业证+微信95270640
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我们从事工作十余年的有着丰富经验的业务顾问，熟悉海外各国大学的学制及教育体系，并且以挂科生解决毕业材料不全问题为基础，为客户量身定制1对1方案，未能毕业的回国留学生成功搭建回国顺利发展所需的桥梁。我们一直努力以高品质的教育为起点，以诚信、专业、高效、创新作为一切的行动宗旨，始终把“诚信为主、质量为本、客户第一”作为我们全部工作的出发点和归宿点。同时为海内外留学生提供大学毕业证购买、补办成绩单及各类分数修改等服务；归国认证方面，提供《留信网入库》申请、《国外学历学位认证》申请以及真实学籍办理等服务，帮助众多莘莘学子实现了一个又一个梦想。
专业服务，请勿犹豫联系我
如果您真实毕业回国，对于学历认证无从下手，请联系我，我们免费帮您递交
诚招代理：本公司诚聘当地代理人员，如果你有业余时间，或者你有同学朋友需要，有兴趣就请联系我
你赢我赢，共创双赢
你做代理，可以帮助伯明翰大学同学朋友
你做代理，可以拯救伯明翰大学失足青年
你做代理，可以挽救伯明翰大学一个个人才
你做代理，你将是别人人生伯明翰大学的转折点
你做代理，可以改变自己，改变他人，给他人和自己一个机会大块就啃啃得满嘴满脸猴屁股般的红艳大家一个劲地指着对方吃吃地笑瓜裂得古怪奇形怪状却丝毫不影响瓜味甜丝丝的满嘴生津遍地都是瓜横七竖八的活像掷满了一地的大石块摘走二三只爷爷是断然发现不了的即便发现爷爷也不恼反而教山娃辨认孰熟孰嫩孰甜孰淡名义上是护瓜往往在瓜棚里坐上一刻饱吃一顿后山娃就领着阿黑漫山遍野地跑阿黑是一条黑色的大猎狗挺机灵的是山娃多年的忠实伙伴平时山娃上学阿黑也摇头晃脑地跟去暑假用不着上学阿钩
Tdasx: Unveiling the Trillion-Dollar Potential of Bitcoin DeFi
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This blog explores the current largest producer of soybean in India and the factors contributing to their dominance.
Using Online job postings and survey data to understand labour market trends
Using Online job postings and survey data to understand labour market trendsLabour Market Information Council | Conseil de l’information sur le marché du travail
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.一比一原版(UCSB毕业证)圣芭芭拉分校毕业证如何办理
UCSB毕业证文凭证书【微信95270640】办理圣芭芭拉分校毕业证成绩单（Q微信95270640）毕业证学历认证OFFER专卖国外文凭学历学位证书办理澳洲文凭|澳洲毕业证,澳洲学历认证,澳洲成绩单 澳洲offer,教育部学历认证及使馆认证永久可查 ,国外毕业证|国外学历认证,国外学历文凭证书 UCSB毕业证，UCSB毕业证，UCSB毕业证，UCSB毕业证，UCSB毕业证，UCSB毕业证，UCSB毕业证，专业为留学生办理毕业证、成绩单、使馆留学回国人员证明、教育部学历学位认证、录取通知书、Offer、
【实体公司】办圣芭芭拉分校圣芭芭拉分校毕业证成绩单学历认证学位证文凭认证办留信网认证办留服认证办教育部认证（网上可查实体公司专业可靠）
— — — 留学归国服务中心 — — -
【主营项目】
一.圣芭芭拉分校毕业证成绩单使馆认证教育部认证成绩单等！
二.真实使馆公证(即留学回国人员证明,不成功不收费)
三.真实教育部学历学位认证（教育部存档！教育部留服网站永久可查）
四.办理各国各大学文凭(一对一专业服务,可全程监控跟踪进度)
国外毕业证学位证成绩单办理流程：
1客户提供圣芭芭拉分校圣芭芭拉分校毕业证成绩单办理信息：姓名生日专业学位毕业时间等（如信息不确定可以咨询顾问：我们有专业老师帮你查询）；
2开始安排制作毕业证成绩单电子图；
3毕业证成绩单电子版做好以后发送给您确认；
4毕业证成绩单电子版您确认信息无误之后安排制作成品；
5成品做好拍照或者视频给您确认；
6快递给客户（国内顺丰国外DHLUPS等快读邮寄）。
专业服务请勿犹豫联系我！本公司是留学创业和海归创业者们的桥梁。一次办理终生受用一步到位高效服务。详情请在线咨询办理,欢迎有诚意办理的客户咨询!洽谈。
招聘代理：本公司诚聘英国加拿大澳洲新西兰美国法国德国新加坡各地代理人员如果你有业余时间有兴趣就请联系我们咨询顾问：+微信:95270640田里逡巡一番抱起一只硕大的西瓜用石刀劈开抑或用拳头砸开每人抱起一大块就啃啃得满嘴满脸猴屁股般的红艳大家一个劲地指着对方吃吃地笑瓜裂得古怪奇形怪状却丝毫不影响瓜味甜丝丝的满嘴生津遍地都是瓜横七竖八的活像掷满了一地的大石块摘走二三只爷爷是断然发现不了的即便发现爷爷也不恼反而教山娃辨认孰熟孰嫩孰甜孰淡名义上是护瓜往往在瓜棚里坐上一刻饱吃一顿后山娃就领着阿黑漫山遍野地跑阿黑是一条黑色的大猎狗挺机灵的是山室
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
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Economic Risk Factor Update: June 2024 [SlideShare]
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
The Impact of GST Payments on Loan Approvals
Understanding how timely GST payments influence a lender's decision to approve loans, this topic explores the correlation between GST compliance and creditworthiness. It highlights how consistent GST payments can enhance a business's financial credibility, potentially leading to higher chances of loan approval.
Independent Study - College of Wooster Research (2023-2024)
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
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- 1. International project appraisal – part 2 Appendix 1 – NPV and Workings Description Time 0 €m Time 1 €m Time 2 €m Time 3 €m Time 4 €m Time 5 €m Time 6 €m Revenue (W1) _____ 313.50 _____ 368.23 _____ 636.01 _____ 486.81 _____ 389.99 _____ _____ Variable cost (W2) 131.10 156.98 276.40 215.67 176.13 Incremental fixed costs 40.00 42.40 44.94 47.64 50.50 Royalty (W3) 63.44 68.72 109.48 77.29 57.11 TAD (250/5) 50.00 _____ 50.00 _____ 50.00 _____ 50.00 _____ 50.00 _____ Total costs _____ 284.54 _____ 318.10 _____ 480.82 _____ 390.60 _____ 333.73 _____ _____ Taxable cash flows 28.96 50.13 155.19 96.21 56.25 Taxation @ 20% (5.79) (10.03) (31.04) (19.24) (11.25) Add: TAD 50.00 50.00 50.00 50.00 50.00 Initial investment (1000.00) Scrap proceeds 500.00 Working capital (31.35) ______ (5.47) _____ (26.78) ______ 14.92 _____ 9.68 ______ 39.00 ______ ______ €m (1031.35) 73.49 67.56 210.08 124.86 626.01 (11.25) Spot rate (W4) €/$ 0.7810 0.7420 0.7049 0.6696 0.6361 0.6043 0.5741 $m $m $m $m $m $m $m
- 2. Remitted amounts (1320.55) 99.05 95.84 313.74 196.28 1035.89 (19.60) Royalty income (W3) 85.50 97.50 163.50 121.50 94.50 Taxation on royalty Income @ 25% (21.38) (24.38) (40.88) (30.38) (23.63) Additional tax on € Taxable profits (W5) _______ (1.95) _____ (3.56) _____ (11.59) ______ (7.56) _____ (4.65) ______ ______ Free cash flows (1320.55) 161.22 165.41 424.78 279.84 1102.11 (19.60) Cost of capital (10%) 1.000 0.909 0.826 0.751 0.683 0.621 0.564 ________ ______ ______ ______ ______ ______ ______ Present values ($m) (1320.55) ________ 146.55 ______ 136.63 ______ 319.01 ______ 191.13 ______ 684.41 ______ (11.05) ______ Net present value ($m) +146.13 (W1) Revenue Time 1 Time 2 Time 3 Time 4 Time 5 Metres 5,700 6,500 10,900 8,100 6,300 Price (€) 55,000 ______ 56,650 ______ 58,350 ______ 60,100 _____ 61,903 ______ €m 313.50 ______ 368.23 ______ 636.01 ______ 486.81 _____ 389.99 ______ (W2) Variable cost Time 1 Time 2 Time 3 Time 4 Time 5 Unit cost 23,000 ______ 24,150 ______ 25,358 ______ 26,625 _____ 27,957 ______ Metres x unit cost (€m) 131.10 ______ 156.98 ______ 276.40 ______ 215.67 _____ 176.13 ______
- 3. (W3) Royalty Time 1 Time 2 Time 3 Time 4 Time 5 Metres x $15,000 ($m) $85.50 $97.50 $163.50 $121.50 $94.50 Spot rate (€/$) – (W4) €0.7420 ______ €0.7049 ______ €0.6696 ______ €0.6361 ______ €0.6043 ______ €m 63.44 ______ 68.72 ______ 109.48 ______ 77.29 _____ 57.11 ______ (W4) Spot rates Time 0 Time 1 Time 2 Time 3 Time 4 Time 5 Time 6 Spot rate (€/$) €0.7810 €0.7420 €0.7049 €0.6696 €0.6361 €0.6043 €0.5741 (W5) Additional taxation Time 1 Time 2 Time 3 Time 4 Time 5 €m €m €m €m €m Taxable profit 28.96 50.13 155.19 96.21 56.25 (25–20)% x Taxable Profit (1.45) (2.51) (7.76) (4.81) (2.81) Spot Rate (€/$) – W4 €0.7420 ______ €0.7049 ______ €0.6696 ______ €0.6361 ______ €0.6043 ______ $m (1.95) ______ (3.56) ______ (11.59) ______ (7.56) ______ (4.65) ______
- 6. To: BoD of Penn Co From: xxxxxx Subject: Nurukian Train Line Project Date: xx-xx-xx ------------------------------------------------------------------------------- Financial assessment I have prepared a forecast of the nominal free cash flows for the Nurukian train line project in Appendix (1). After discounting these at the Penn Co’s current cost of capital (10%), the project increases shareholder wealth by just under $150m. Based on this value, the company should accept this project. All forecasts are subject to estimation errors. This should be taken into account when the BoD arrives at its final decision. Assumptions There are a number of assumptions that have been made when computing the NPV. Some of these are considered below: • Inflation – specific inflation rates have been incorporated into the appraisal and are expected to remain constant for the five-year period. • Taxation – the current tax rates and allowances used to arrive at the taxation cash flows may vary over the life of the project. • Scrap proceeds – the Nuruk government have guaranteed to purchase the machinery for a value of €500m. This may be subject to the condition of the machine as there will be wear and tear. • Exchange rates – future spot rates are affected by many factors and, hence, the values used in the assessment may be incorrect. • Finance – the project requires €1,000m ($1280m) initial finance. It has been assumed that this will be raised in the Ayjain financial markets. This is a large value relative to the company’s current entity value. The project may be too big for Penn Co to undertake. Sensitivity analysis should be carried out to identify how changes in key variables affect the NPV.