Exercises 1. Synergy Valuation a. Cost and revenue synergies Managers of an acquiring company anticipate cost savings pretax of $50 million in the first year of the deal and $100 million the next and that thereafter the savings would grow @ inflation‚ 2%. Marginal tax rate is 30%. The firm must invest $1 billion to achieve these savings and starting in the third year must spend 5% of the pre-tax savings to sustain the rate of savings. As part of rationalization of operations‚ some assets will be
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1. Distinguish between a business function and a business process. From the definition‚ business process is a collection of activities that takes one or more kinds of input and creates an output that is of value to the customer. For the satisfaction of customer‚ from the input to output‚ there are some functional areas of operation involved into the whole business process‚ such as marketing and sales‚ accounting and finance‚ supply chain management. Therefore‚ business function is activities
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Benjamin Carson: Source of Inspiration A good man is a source of inspiration and pride for the world. Dr. Benjamin Carson‚ who came from a low income African American family and was the son of divorced parents‚ was able to develop his skills to become a neurosurgeon. He had to overcome the insults of his friends who made him believe he was a stupid child. Due to the separation of his parents and the fact that his mother had several jobs to support him and his brother‚ he never showed
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Sources of Funds There are several sources of finance/funds available to any company. Some of the parameters that need to be considered while choosing a source of fund are: • • Tenure • Leverage planned by the company • Financial conditions prevalent in the economy • 2. Cost of source of fund Risk profile of both the company as well as the industry in which the company operates. Categories of Sources of Funds (i) Long term Refer to those requirements of funds which
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The Risk and Return of Venture Capital John H. Cochrane1 Graduate School of Business‚ University of Chicago March 19‚ 2004 School of Business‚ University of Chicago‚ 1101 E. 58th St. Chicago IL 60637‚ 773 702 3059‚ john.cochrane@gsb.uchicago.edu. I am grateful to Susan Woodward‚ who suggested the idea of a selection-bias correction for venture capital returns‚ and who also made many useful comments and suggestions. I gratefully acknowledge the contribution of Shawn Blosser‚ who assembled the
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Contrary to reality is when now people are allowed with the golden opportunity to do better than Ben did. Opportunities are now turned to failures. Most of the people do not give the quality that is required and innovation fails to pass the great work Ben did. “Do people eager the same spirit as their mentors?” If Ben was your mentor and in his doing he performed the surgeon and succeed‚ when he mentored somebody and failed to they quote Ben as their mentor. Mandela taught how to live like brothers
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Rachel Carson? I cannot fully express this excitement in words that I am assigned to research Rachel Louise Carson for my “Who’s who” assignment. I have had a chance to briefly go over her book “Silent Spring” when I have taken biology class back in high school‚ therefore it was thrilling in a way that I could feel more attached to this assignment than others would be. It is amazing at the same time because her passion and dedication to environment are overwhelming. Rachel Louise Carson was born
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Cash Flow Statement - Ford Motor Company Nancijo C. Emerson OMM 622 Financial Decision-Making (MFJ1448A) Professor Martin Cain December 22‚ 2014 Cash Flow Statement - Ford Motor Company What Does Cash Flow Mean? A revenue or expense stream that changes a cash account over a specific period. Cash inflows usually arise from one of three activities— operating activities‚ investing activities‚ and financial. Cash activities outflows result from expenses or investments that a
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the mutual funds and their influence on funds’ performance on the example of Centras Securities Investment Company Instructor: M Mujibul Haque‚ Ph.D. Prepared by: Jumasheva Sulushash‚ 20070299 Sergey Savinykh‚ 20074290 Fall 2009 Table of Contents Acknowledgement 3 Introduction 4 1. Investment opportunities in Kazakhstan 5 2. Mutual funds in the world
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13 References 15 1.0 INTRODUCTION In 2010‚ Mr. Idris was hired as the Chief Operation Executive (CEO) of Travel Investment Holdings Berhad (TIH)‚ a government linked company (GLC) in logistics and travel related business. The first task as the CEO of TIH was to identify solutions to recover the losses of the company due to the economic crisis in 2009. In order to diagnosis the problem‚ Mr. Idris called for a meeting among senior managements. He found out that there was no-result investment
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