obvious to equal to‚ a aR n 1 a(1 R n1 ) Sn (1 R) (1 R) (*) 5. We are done. Equation (*) is the closed-form expression of that we want to obtain. Applications: 1. The PV for ordinary annuity‚ e.g. constant end-of-period cash flows‚ C‚ for t periods. PV C C C ... 2 1 r (1 r ) (1 r ) t (A1) Comparing equation (A1) with equation (1)‚ we can see that the PV is a summation of GP sequence‚ with a C and the common ratio R 1 . Therefore
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Budget Management Analysis Budget Management Analysis A budget is a tool that helps managers to ensure that the required resources are obtained and used effectively and efficiently as the organization moves towards achievement of its objectives. A budget is stated in terms of money and is usually made for one year depending either on the prior year’s budget or on existing programs (Cleverly & Cameron‚ 2007‚ p. 330). Creating a working budget is a very difficult undertaking‚ and for the budget
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In today’s dynamic environment‚ there are many variables that contribute to the success or otherwise of a company. Nonetheless‚ there are commonalities which can be drawn across successful businesses. Before delving into management theories and financial determinants‚ I would like to define viability as a company’s longevity‚ its perseverance through economic fluctuations and political shifts‚ and affluence as its ability to grow and prosper despite external restructuring whether in the markets‚
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start-up company. The Alpha project will cost $150‚000 to develop and is expected to have annual net cash flow of $40‚000. The Beta project will cost $200‚000 to develop and is expected to have annual net cash flow of $50‚000. The company is very concerned about their cash flow. Using the payback period‚ which project is better from a cash flow standpoint? Why? - The project that has a better cash flow standpoint using the payback period would be the Alpha project. According to the Payback Period
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In his song‚ Johnny Cash explores aspects of social responsibility‚ competitive advantage‚ consumer choice‚ inequality‚ and various forms of cost-benefit action. One can refer to economic concepts in the song starting from the point when the singer acknowledges that his mother wanted to prevent him from playing with dangerous assets like guns as well as emphasizes the role of making proper consumer choices. However‚ as a part of social responsibility‚ the singer made a bad consumer choice and used
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Date: December 25‚ 2000 To: Partners of SSFIV Venture Capital From: John Smith‚ Managing Partner Subject: Business Proposals SSFIV Venture Capital recently received three business plan proposals. We have some available funds‚ so we should put that money to use by investing in one of these three companies. Mid-Atlantic Recycling is a compost manufacturer that is using human waste sludge as its source material. Mother’s House Cleaning Service is a maid service focused on upper income
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Course Title: Financial Management Assignment: Mid Semester Exam Giberson’s Glass Studio Pages: 6 Table of Contents Executive Summary 3 Production Schedule 4 Product Mix 5 Product Mix and Schedule 6 Cash Flow 7 Budgeting and Finance 7 Income Statement 7 Balance Sheet 7 Executive Summary Giberson’s Glass Studio was founded to produce exquisite hand made glass by Edward Giberson in 2002 and The main problems facing the company are the production schedule
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statement of cash receipts and disbursement is to be prepared monthly 2. Receipts should be issued or all cash received. These receipts are to be recorded in the cash receipts journal. 3. Vouchers should be prepared for every disbursement. All vouchers should be numbered consecutively and used chronologically. Vouchers should be recorded in the cash disbursements journal and supported by official receipts. 4. The basis of the statement of cash receipts and cash disbursement is the cash receipt book
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how to do every position in the restaurant. These positions included‚ being on the cash register‚ making and blending smoothies‚ and making all food items. Along side of these specialized jobs within the store‚ I was cleaning‚ doing dishes‚ and prepping fruit‚ vegetables‚ and meat. I was an opener at Tropical Smoothie‚ therefore I was responsible for a key to the store‚ and held accountable for the money in the cash registers when I was opening. Education Kearsley High School - High School Diploma
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Chapter 14 Audit of the Sales and Collection Cycle: Tests of Controls and Substantive Tests of Transactions Solution of Practising Problems 14-4 BestSellers.com could integrate its online ordering system with its inventory system so that a book shipment is made only after the customer’s credit card company approves the customer’s purchase. Because credit card issuers often transfer funds electronically almost immediately after a sale‚ BestSellers.com could also set up their system to
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