Ocean Carriers HW#7 PRINCIPLES OF MORDERN FINANCE (FALL 2012) JINGYE HAN “Ocean Carriers” case 1) Do you expect daily spot hire rates to increase or decrease next year? I expect daily spot hire rates to decrease next year. Based on Exhibit 3‚ order book in 2002 for dry bulk capsizes decreased‚ indicating a decrease in demand. Meanwhile‚ Based on Exhibit 2‚ the majority of capsize fleets in December 2000 are in the age within 15 years‚ among them‚ the largest portion is of those under
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Analysis of Steroids in Baseball Introduction Steroids have apparently become extremely predominant throughout the years in Major League Baseball. Players have taken advantage of this illegal substance in the United States to increase their skills‚ speed‚ power‚ and abilities to overpass challenging competitors. This competition arises from teammates or even future prospects that may threaten to take their position. It is said that a large percentage of these professionals have been
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CHAPTER-1 INTRODUCTION 1.0 Introduction: * 1979 Motorola developed first single chip Microcontroller for French Banking * 1982 World ’s first major IC card testing * 1992 Nationwide prepaid card project started in Denmark * 1999 Federal Government began a Federal employee smart card identification Smart Card or Chip card technology is fast becoming commonplace in our culture and daily lives. We hope that this site will bring you a little closer in your understanding of this exciting
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“HIGH EXPECTATIONS OF CUSTOMERS AND GROWING UNCERTAINITIES IN COSTS MAKES IT IMPERATIVE TO CUT COSTS WITH OPERATIONAL EXCELLENCE USING LEAN TECHNIQUES” Analytically examine this statement and explain importance of Lean in Today’s Global uncertainties. Along with the economical uncertainties‚ several market drivers are putting companies under strong pressure. Regulators are strongly encouraging companies to reduce their operating costs for regulated businesses (i.e. transport and distribution of
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OCEAN CARRIERS ANALYSIS DATE: 8/29/2007 TO: MS MARY LINN CC: PROF. TOM MILLER FROM: RYAN DALE SEELKE RE: DECISION ON CAPE SIZE CARRIER PRIORITY: [URGENT] Ms Mary Linn‚ After careful cash flow analysis and a discount rate (WACC) of 9%‚ commissioning a capsize carrier for 25 years is the only appropriate option for our firm. However‚ if the discount were instead 10%‚ both options would fail the NPV test by yielding negative results. I make this recommendation after thorough analysis of
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CREDIT CARD VS. DEBIT CARD Although credit cards and debit cards are both widely used with majority of the population‚ their methods‚ rules and fees are very similar. While credit cards tend to get a lot of people into debt because it is harder to keep track of you spending balance‚ debit cards are an easier way to keep track of your spending much like having cash on hand. Both credit cards and debit cards provide a convenient alternative to cash‚ especially if you do a lot of shopping online
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Aerodynamics of a Baseball John Eggler Embry-Riddle Aeronautical University Aerodynamics ASCI 309 Bryan E. Spears July 10‚ 2011 Abstract Aerodynamics is known as the study of the different forces acting on an object and the resulting motion of objects as they fly through the air. Today we know that aerodynamics plays a major role in many sports‚ such as tennis‚ soccer‚ hunting‚ and motor sports‚ we will investigate the effects
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game of baseball is that it is practically dead. A lot of people in America will assume this because of the downward trend in TV ratings or because kids aren’t being hooked to the game as they once were. One of the things that these people don’t understand is that TV has changed drastically from what it once was. Nowadays every single baseball game can be seen on TV because of the variety of channels available and because of the different streaming options available to fans. When baseball was first
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UNIVERSITY OF CALIFORNIA Los Angeles A Player Based Approach to Baseball Simulation A dissertation submitted in partial satisfaction of the requirements for the degree Doctor of Philosophy in Statistics by Adam Philip Sugano 2008 © Copyright by Adam Philip Sugano 2008 The dissertation of Adam Philip Sugano is approved. _______________________________________ Jan de Leeuw _______________________________________ Rick Paik Schoenberg _______________________________________
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OCEAN CARRIERS CASE 1) Should Ls Linn purchase the $39M capsize? Make two different assumptions. First‚ assume that Ocean Carriers is a U.S. firm subject to a 35% statutory (and effective) marginal tax rate. Second‚ assume that Ocean Carriers is domiciled in Hong Kong for tax purposes‚ where ship owners are not required to pay any tax on profits made overseas and are also exempted from paying any tax on profit made on cargo uplifted from Hong Kong‚ i.e.‚ assume a zero tax rate. The
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