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. Answer With 35% tax in the US we have a negative NPV of 35% hence recommended not to proceed with the project. If Ocean carriers
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ACCT 805AE Case 4 Ocean Manufacturing‚ Inc The Osprey Group Feb 21‚ 2011 Q1. The client acceptance process can be quite complex. Identify five procedures an auditor should perform in determining whether to accept a client. Which of these five are required by auditing standards? First they should gather and examine all available financial information‚ such as tax returns‚ annual reports‚ the balance sheet‚ and income statement. This should be done so that the audit firm can do a quick initial
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Background Ocean Carriers Inc. is a shipping company specializing in the operation of capsizes bulk dry carriers. In January 2001‚ Mary Linn‚ the vice President of Finance for Ocean Carriers was evaluating the purchase of a new capsize carrier for a three years lease proposed by a motivated customer. The leasing contract offers very attractive terms‚ but no ship in Ocean Carrier’s current fleet met the customer’s requirements. In addition‚ this proposed contract is only for three years. Therefore
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“All children are capable of success no matter what” is the main statement of the chapter nineteen. Your children are the future of the successful nation. Adult needs to acknowledge that acceptance is only the way to bring change in the future. This chapter is about the Anne Fox Elementary School. It has become example in the society. They went from worst academically performing school to second top performing school just in few years. They changed their basic motto and start to belief. They hoped
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Did you know that most of the ocean pollution comes from us? This pollution can hurt the ocean animals and it will affect the food that we eat. Some of the most worst ocean pollution is untreated sewage dumped into the ocean‚ toxic chemical‚ and oil spills. The sewage gets into the ocean because of sewage pipes that break or leak. This is a problem because the sewage makes to much algae‚ and it will remove the oxygen. Around 80% of the sewage that is in the ocean is untreated. To help stop sewage
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Chapter 18 is an in-depth look at how Jesus was sentenced for the crime of claiming to be the Messiah and how Jesus died and was buried. This is again a very morbid chapter but does give insight into what he went through and all the factors involved with his death. Pontius Pilate was essentially the deciding factor in Jesus being convicted and sentenced to a crucifixion. This chapter talks about the severe agony that Jesus went through and how much he had to endure. The last chapter discussed how
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Trashed: Our Ocean By: Meaghan Todd December 10th 2010 CGW-4U1-02 Mr. Kyriacou Have you ever been to the beach? I have and swimming in the ocean is one of my favourite things to do when I go on vacation! You wouldn’t want someone to come into your house and throw their cigarette butts or their plastic drink container on your kitchen floor when they’re done would you? I know I wouldn’t. Littering in the ocean does not magically get rid of your garbage; the marine wildlife
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The Ocean Specific Purpose: To inform my audience about the ocean and the benefits the ocean has on us. Central Idea: We have not discovered a majority of the ocean and I wanted to share why we have not done that. To inform that the ocean is very valuable and that we need to spend more time on really discovering what is down there. Introduction I. The ocean covers more than 70% of the planet’s surface. II. 95% percent remains unexplored‚ and unseen by the human eye. III. Over one million
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Kean talks about the attention gold rushes brings and how people were constantly being confused with iron pyrite. Kean mentions other elements such as tellurium‚ aluminum and europium and how they were used in currency. In the fourteenth chapter‚ related to chapter thirteen‚ Kean talks how money and science comes together since science was becoming more and more expensive‚ the ones who could make the big discoveries were the ones who had money. Kean brings up Johann Wolfgang von Goethe‚ a writer who
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Ocean Acidification and its Effects on Marine Butterflies and Coral Reefs For millions of years‚ Earth’s oceans have maintained a relatively stable acidity level. Research shows that a recent and rapid drop in surface pH that could have devastating global consequences through the unbalance the ocean’s acidity. Since the beginning of the industrial revolution in the early 1800s‚ fossil fuel-powered machines have created a burst of industry and machines. The consequence of this industrial revolution
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