Midland Energy Resources‚ Inc.: Cost of Capital Background Information: ➢ Janet Mortensen‚ Senior vice preside of project finance for Midland Energy Resources ➢ Midland Has three divisions o Exploring and Production(E&P) o Refining and Marketing (R&M) o Petrochemicals ➢ 2006 Operating Revenue-$248.5 billion Operating Income- $42.2 billion ➢ Estimated Cost of Capital used to analyses o Asset appraisal for capital budgeting o
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Chappell & Co Ltd v The Nestlé Co Ltd [1959] 2 All ER 701 House of Lords Nestlé‚ manufacturers of wrapped chocolate bars‚ advertised for sale‚ as part of an advertising campaign‚ the record ’Rockin’ Shoes’. The price of the record was 1s 6d plus three wrappings from their 6d chocolate bars. Chappell‚ who were the sole licensees of the copyright of ’Rockin’ Shoes’‚ claimed that Nestlé had infringed their copyright and sought injunction and damages. Nestlé claimed that they were entitled to
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IN THE CIRCUIT COURT OF THE CITY OF ST. LOUIS STATE OF MISSOURI MARY MARSDEN‚ ) ) Plaintiff‚ ) ) vs. ) ) JOHN NMN DOE‚ ) ) Cause No.: Defendant. ) ) Division: Serve Defendant at: ) ) Missouri Division of ) Employment Security ) Claims Department ) 505 Washington Avenue ) St. Louis‚ Missouri 63101 ) ) Serve between 9:00 a.m. and ) 4:00 p.m. Monday through Friday ) PETITION FOR
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Blake Stone Professor Barto ENG. 099 June‚ 21‚ 2012 Trash is everywhere you look up‚ down‚ left and right. Who job is to clean it up? The garbage man his assignment it to get trash‚ sounds easy right. But being a garbage man is one of the nastiest and dangerous jobs out there. It is a job I would never take‚ because of the disease you can encounter with all the trash‚ and all the lifting can cause injury or serious strains to the body. One would think being a garbage would be simple
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EMRP (5%) and D/E (59.3%) was taken out of the context of the case. βa=Equity Beta/(1+D/E)= 1.25/(1+0.593)= 0.78 According to Table1‚ consolidated D/V is 42.2%‚ E/V is 57.8%‚ βe= βa*(1+D/E)= 0.78*(1+0.422/0.578)=1.35 Re=Rf+ βe *EMRP= 0.0498+(1.35*0.05)= 0.1173 4. WACC‚ the tax rate (38.58%) was from the 2006 taxes paid. WACC= D/V*(1-T)*Rd+E/V*Re= 0.422*(1-0.3858)*0.066+0.578*0.1173=8.49% The division costs of capital Exploration & Production 1. I also use of 30-year U.S. Treasury
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Midland Energy Resources 1. For what purposes does Mortensen estimate Midland’s cost of capital? What would be the potential consequences of a too high estimate compared to the firm’s “true” cost of capital? What about a too low estimate? Estimates of the cost of capital were used in many analyses within Midland‚ including asset appraisals for both capital budgeting and financial accounting‚ performance assessments‚ M&A proposals‚ and stock repurchase decisions. Moreover‚ depending
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Assignment #4 – R. Williams Construction Co. v. OSHRC Sarah Barnard February 26‚ 2012 Business Employment Law - HRM 510 Dr. Zelphia A. Brown‚ SPHR‚ Instructor Assignment # 4- R. Williams Construction Co. v. OSHRC 1. What were the legal issues in this case? This case is based around the laws and regulations of OSHA. OSHA is an Occupational Safety and Health Act that has been put into place to ensure the safety of employees while on the job. These regulations are put into place to help
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2 Ruby on Rails 2.3 Tutorial Contents 1 From zero to deploy 1.1 Introduction . . . . . . . . . . . . . . 1.1.1 Comments for various readers 1.1.2 “Scaling” Rails . . . . . . . . 1.1.3 Conventions in this book . . . 1.2 Up and running . . . . . . . . . . . . 1.2.1 Development environments . 1.2.2 Ruby‚ RubyGems‚ and Rails . 1.2.3 The first application . . . . . 1.2.4 Model-view-controller (MVC) 1.2.5 script/server . . . . . . 1.3 Version control with Git . . . . . . . . 1.3.1 Installation and
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http://www.studymode.com/subjects/souter-v-shyamba-pty-ltd-page1.html Salomon v Salomon & Co Ltd (1897)- company is a separate legal entity Lee v Lee’s Air Farming (1961) Case Summary: The facts disclosed that in 1954‚ Mr. Lee had formed the respondent company carrying on the business of crop spraying from the air. Mr. Lee owned 2‚999 of the company’s 3‚000 shares. Apart from that‚ he also was the company’s governing director whereby he had appointed himself as the only pilot of the company
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BlackBerry v. Co-Founders After announcing open for purchase‚ BlackBerry has already agreed to a non-binding offer from Fairfax. Before the deadline (Nov.4) of Fairfax’s offer‚ BlackBerry can still accept higher offer from others‚ thus co-founders of BlackBerry‚ who own 8% shares of BlackBerry‚ are running a bid. Negotiation Environment Number of Parties: Two Parties. One is the rest 92% of BlackBerry’s shareholders (represented by the CEO and the board of BlackBerry). The other is a potential
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