purchasing a smaller chain‚ South Georgia Parts (SGP). Brau’s analysts project that the merger will result in the following incremental free cash flows‚ tax shields‚ and horizon values: Years 1 2 3 4 Free cash flow $1 $3 $3 $7 Unlevered horizon value 75 Tax shield 1 1 2 3 Horizon value of tax shield 32 Assume that all cash flows occur at the end of the year. SGP is currently financed with 30% debt at a rate of 10%. The acquisition would be made immediately‚ and if it
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The flow of silver from the mid-sixteenth century to the early eighteenth century led to social and economic changes in Europe and China. In China‚ the standard of living increased‚ common people became poor‚ and a form of currency was developed‚ along with this came the Chinese becoming more ethnocentric due to large amounts of silver flowing in. In Europe. they became middlemen for Japan and China‚ but made little to no profit due to their demand for Asian luxuries which led to imbalance in trade
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natural disasters. After a disaster the public sector is often paralyzed by damaged infrastructure and unable to cover the costs of emergency and relief efforts‚ let alone reconstruction work. * Lack of overall risk planning and investment in physical resilience measures‚ with too much focus on post-disaster response‚ leads to increased loss of life‚ suffering and damage. * People in poor countries are generally more exposed to natural disasters‚ particularly through a higher dependency
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BAR DIAGRAMS Bar diagrams are one of easiest and the most commonly used devices of presenting most of the business and economic data. These are satisfactory for categorical data or series. They consist a group of equidistant rectangles‚ one of each group or category of the data in which the values or the magnitudes are represented by the length or height of the rectangles‚ the width of the rectangles being arbitrary and immaterial. These diagrams are called one-dimensional because in such diagrams
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Energy Flow Brittney Scarborough SCI/ 275 January 23‚ 2015 University of Phoenix Energy Flow In figure 4-10‚ there are three trophic levels. The first level is the producers. The second level is the first consumer and the last level is the second consumer. The plant is the producer‚ the rabbit is the first consumer and the fox is the second consumer. A producer absorbs the energy from the sun. It creates its own food by photosynthesis. The first order consumer eats the plant that has the most energy
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yield is 12%. Interest is paid semiannually on June 30 and December 31. Required: • 1. Determine the price of the bonds at January 1‚ 2013. • 2. Prepare the journal entry to record their issuance by The Bradford Company on January 1‚ 2013 • 3. Prepare the journal entry to record interest on June 30‚ 2013 (at the effective rate). • 4. Prepare the journal entry to record interest on December 31‚ 2013 (at the effective rate). 1. Interest for 4M @ 11‚46992 is $45‚879‚680 Principle 80M @
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6A:001 Introduction to Financial Accounting Cash Flow Exercise Required: Following are the balance sheet and statement of cash flow as reported by Pro-Solutions Inc. for its fiscal year ending March 31‚ 2012. Using the information provided in the statement of cash flow‚ reconcile the March 31‚ 2011 balance sheet to the March 31‚ 2012 balance sheet using the T-accounts on the attached worksheet. PRO-SOLUTIONS INC. CONSOLIDATED BALANCE SHEETS (IN THOUSANDS) | March 31‚ | March 31‚ |
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The Subjectivity of Happiness In the article “The subjectivity of happiness: on Mihaly Csikszentmihalyi’s ’Flow” by Chase Nordengren we learn that in order to be truly happy one must change themselves and not the environment. In addition to changing the way we think‚ our habits and our actions individuals have to take into consideration the idea of flow activities. Csikszentmihalyi’s states‚ happy individuals are one with the world‚ engaging in activities that match a high level of difficulty with
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n cash STATEMENT OF CASH FLOW - Section -7 Why statements of cash flow? They are required by the IFRS SMEs and they show the cash generating potential of a firm. A profitable firm may lack cash. Cash flow statements show the difference between cash and profit. Objective of Section 7: To explain the historical changes in cash and cash equivalents of an enterprise under the following activities; operating‚ investing and financing activities and changes in cash and cash equivalents.
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The Physical Data Model (PDM) describes how the information represented in the Logical Data Model is actually implemented‚ how the information-exchange requirements are implemented‚ and how the data entities and their relationships are maintained. There should be a mapping from a given Logical Data Model to the Physical Data Model if both models are used. The form of the Physical Data Model can vary greatly‚ as shown in Figure 31. For some purposes‚ an additional entity-relationship style diagram
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