Case Study 1 – Ocean Carriers 1. The Capital Budgeting Decision Should Ms. Linn purchase the Capesize vessel? Assume that Ocean Carriers is a U.S. firm and is subject to 35% taxation. (Please see excel sheets) From our analysis it appears that Ms. Linn should not buy the Capesize vessel. The Net Present Value on the Ocean Carrier is not a positive number‚ a clear indicator that buying the vessels is not a good idea. The tax rate of 35% makes a lot of difference in determining this NPV
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(a) Statement of Problem. Ocean Carriers is evaluating a proposed three year lease of a ship. Currently‚ no ships in Ocean Carrier’s fleet meet the requirements of the customer. Since the new ship requires an investment of $39 million‚ Mary Linn‚ the Vice President of Finance for Ocean Carriers‚ needs to evaluate the proposal’s NPV and determine whether or not to accept the proposal by considering expected cash flows‚ tax implications‚ and future market conditions. (b) Statement
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Ocean Carriers Case Expectations for Daily Spot Hire Rates Next Year Iron ore and coal imports will most probably decrease the upcoming year With the increasing supply of vessels should result in a market surplus By creating this surplus‚ prices will be driven down‚ since we will have limited demand and suppliers competing Average daily rates‚ based on historical numbers‚ have a direct relationship with the number of shipments. What Factors Drive Average Daily Hire Rates? u
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Another way nature demonstrates the idea of human insignificance is by personifying the waves of the ocean in the poem. By personifying the waves that wash ashore‚ it undermines human achievement. As the darkness settles into the night‚ it provides the connotation of overwhelming darkness on the roofs and walls then the direction turns towards the sea where it is personified because the sea is calling. Longfellow writes‚ “The little waves‚ with their soft white hands‚ Efface the footprints in the
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Ocean Carriers Objectives • Forecast pro-forma cash flows for a project • Estimate project values using Net Present Value (NPV) • Conduct sensitivity analysis for the forecast inputs Setting • January 2001 • Customer offering attractive terms on 3-year lease for a capesize carrier • Would require purchase of new carrier since existing fleet does not fulfill customer needs • Should it be purchased? Industry Dynamics • Revenue Drivers • Outlook in the: –
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The Hungry Ocean Many people think that fisherman is one of the most male dominated‚ most dangerous professions and not suite for woman. However‚ Linda Greenlaw‚ the captain of the Hannah Boden‚ has proved herself that female can be a fisherman. She breaks the beliefs and superstitious that women are “Jonahs” (bad luck aboard boats) and also make the world realized that gender discrimination does not play a part on her career. As for being female‚ she says‚ "it hasn’t been a big deal. I never anticipated
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ASEAN was created on August 8‚ 1967 by five founding members; Thailand‚ Indonesia‚ Singapore‚ Malaysia‚ the Philippines. Malaysian foreign minister Ismail Abdul Rahman said at that time: ‘we have to come to a profound shared realization that we will not be able to survive as independent nations for long…‚ unless we think and act at the same time as residents of Southeast Asia’ . At perilous times when the nation-states were pressurized into joining either one of the two major blocs‚ Southeast Asian
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One (1): The numerology meaning of this number is unity‚ beginnings‚ God‚ masculine‚ creative‚ symbol of physical and mental activity. It’s a number that expresses leadership‚ spotlight type individuality. There’s a tendency to being organized‚ and ambitious. Ones go to the top in everything that peaks their interest‚ reflecting a natural leader. They are forerunners and original thinkers. Leadership or a position of power is where they’re happiest. Often‚ they are loners‚ and can be aggressive.
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is she really telling me that I am free of this exile‚ to go back to Ithaka and my beloved Family. I could not help but question her‚ “After all these years A helping hand? O goddess‚ what guile is hidden here? A raft you say to cross the Western Ocean Rough waters and unknown? Seaworthy ships that glory in god’s wind will never cross it. I take no raft you grudge me out to sea. Or yield me first a great oath‚ if I do‚ to work no more enchantment to my harm.” At my words‚ the beautiful Nymph Calypso
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colors if they were missing colors that their friends had. Once fish was sorted into color groups‚ I would tell them to go ahead and count the number of redfish that they had‚ and then I would help them‚ or they would write the number down on the red fish on their graph. We would do this step for each of the colors until we had done every color possible. Then the students would get out their crayons and color in the number of boxes on their graph that they had written below their fish. Then they
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