to stay ahead‚ we go beyond FedEx Annual Report 2012 “I wIll make every Fedex experIence outstandIng.” — The Purple Promise When the going gets tough‚ FedEx shows the spirit and determination that have always set us apart. FY12 was a year of challenges marked by economic and political disruptions and lagging growth around the globe. To stay ahead‚ we go beyond — in the way we manage our business‚ deliver the quality service our customers expect and create solutions for a more sustainable
Premium United Parcel Service
Dealing with Operating Leases in Valuation Aswath Damodaran Stern School of Business 44 West Fourth Street New York‚ NY 10012 adamodar@stern.nyu.edu Abstract Most firm valuation models start with the after-tax operating income as a measure of the operating income on a firm and reduce it by the reinvestment rate to arrive at the free cash flow to the firm. Implicitly‚ we assume that the operating expenses do not include any financing expenses (such as interest expense on debt). While this assumption
Premium Expense Generally Accepted Accounting Principles Depreciation
2050243-MAJOR IX MODERN OPERATING SYSTEM 1. The operating system is the most important program that runs on a computer. Every general-purpose computer must have an operating system to run other programs. Operating systems perform basic tasks‚ such as recognizing inputfrom the keyboard‚ sending output to the display screen‚ keeping track of filesand directories on the disk‚ and controlling peripheral devices such as disk drives and printers. 2. The kernel is a program that constitutes the
Premium Operating system
Annual prize distribution | | | |The program is about to commence. We need no musical interlude. Therefore you are requested to switch off your mobile phones. | |
Premium Award 2012
2008 annual report Forces that move us contents • 06 Woori Bank in 110 Years 10 Financial Highlights 12 Message from the Ceo 16 Board of Directors operation review 20 Balancing uncertainty 26 inspiring Confidence 38 increasing Sustainability Financial review 50 Management’s Discussion & analysis 58 Financial Statements 140 organization Chart 142 Global network Woori bank the disruptions taking place in the financial industry are changing our outlook and revealing new opportunities
Premium
CHAPTER 2 How to Calculate Present Values Answers to Problem Sets 1. If the discount factor is .507‚ then .507*1.126 = $1 2. 125/139 = .899 3. PV = 374/(1.09)9 = 172.20 4. PV = 432/1.15 + 137/(1.152) + 797/(1.153) = 376 + 104 + 524 = $1‚003 5. FV = 100*1.158 = $305.90 6. NPV = -1‚548 + 138/.09 = -14.67 (cost today plus the present value of the perpetuity) 7. PV = 4/(.14-.04) = $40 8. a. PV = 1/.10 = $10 b. Since the perpetuity
Premium Net present value Present value Time value of money
competitive supplier. ASDA also has objectives‚ and its objectives are reducing packaging and increasing the amount of fresh products sold its store. They also use their own packaging and brand name to reduce packaging cost‚ also recycling their waste and sporting charities. ASDA’s operating profit shows they have raise by £15m to 851M on sale of £21bn last year. Despite the new Chain stores has lost £30m. This means
Premium Customer Customer service Sales
Annual Report 2010 2010 was characterised by variability. Diageo’s brand positions‚ global scale and agility in response to changing conditions delivered a good performance in the year. About Diageo Diageo plc is the world’s leading premium drinks business with an outstanding collection of beverage alcohol brands across spirits‚ wines and beer categories. These brands include Johnnie Walker‚ Guinness‚ Smirnoff‚ J&B‚ Baileys‚ Tanqueray‚ Captain Morgan‚ Crown Royal‚ Gordon’s ‚ Beaulieu Vineyard
Premium Johnnie Walker
a corporation and a partnership. The LLC operating agreement is a document that dictates how the LLC will function. The amount of time it takes to create the operating agreement depends on the specifics of the LLC. Other names: Don’t confuse this document with the articles of organization‚ which may also be known as the certificate of organization or certificate of formation‚ depending on the state you live in. Who should use this form? The LLC operating agreement provides a detailed breakdown of
Premium Corporation Generally Accepted Accounting Principles Types of business entity
companies build balanced scorecards. As part of its marketing efforts‚ MCG conducts an annual balanced scorecard workshop for prospective clients. As MDG’S newest employee‚ your boss has asked you to participate in this year’s workshop by explaining to attendees how a company’s strategy determines the measures that are appropriate for its balanced scorecard. Your boss has provided you with the excerpts below from the annual reports of two current MCG clients. She has asked you to sue these excepts as a
Premium Balanced scorecard Annual report