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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ACC541 Client Response Paper I Accounting Theory and Research University of Phoenix Mr. Heber W. Howard TO: Supervising Manager FROM: RE: Trucking lease options This memo is intended to inform you on leasing information in the Financial Accounting Research System (FARS) and create a recommendation for the regional trucking company as it pertains to their leasing options. This memo will briefly cover sales-type‚ direct financing‚ and operating leases for your information. If
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A- Relationship Quality Refers to relationship closeness or strength and its one of the key determinant of customer loyalty (T. Hennig-Thurau‚ et.al‚ 2000). Furthermore‚ consumers overall assessment of the strength of their relationship with a particular brands social network (Foulnier‚ 1998). In the on-line context‚ based on the reasoning that human are motivate to form attachment to objects as well as to people (Li et al‚ 2006)‚ assert that consumers develop a relationship with the website of
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constitution is unwritten‚ or at least not written all in one document. The constitution in the UK is found in a variety of sources which are mainly statute and common law‚ conventions and traditions‚ European law etc. There are arguments for the UK to both retain an uncodified constitution and to change this to a codified constitution like the USA. Some of the arguments for retaining the uncodified system are that; codification produces ‘judicial tyranny’‚ uncodified constitutions are more flexible and lastly
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Client-centered theory is not one built off of beautiful techniques and elaborate goals. It is a theory simply based on a relationship between a client and a therapist. The therapist has an unconditional positive regard for client. Carl Rogers is the mastermind behind client-centered therapy. Client-centered approach is not for every counselor. It is an attitudinal style of counseling. The counselor has to learn that the client is not defined by their personality‚ but is a person in the process of
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SAMPLE LETTER OF RECOMMENDATION Dear Sir/Madame: I would like to enthusiastically recommend John Smith as a strong addition to the ABC Business School. John not only has the technical qualifications and mental turpitude for admission to your prestigious program‚ but also has demonstrated the leadership‚ business acumen‚ management ability‚ technical expertise‚ and oral and written skills necessary to succeed in all that he endeavors. As John’s supervisor at The Insurance Bank for the past
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BOH TEA HOUSE CHAPTER 2 2.1 Purpose and History of Company BOH Plantations was founded in 1929 by J.A. Russell‚ a British businessman during the British colonial era in Malaya which is the current Malaysia. He was optimistic of the tea plantation business due to huge demands of tea in the whole world during that time. As a result‚ he applied and he granted an official license for his first tea garden in Habu‚ Cameron Highlands. The purpose of BOH Plantations is to supply and sell black tea
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CHCAD401D - ADVOCATE FOR CLIENTS Answers SECTION 1: ASSIST CLIENTS TO IDENTIFY THEIR RIGHTS AND REPRESENT THEIR OWN NEEDS Activity 1 03/08/2014 11:43AM 1 Identify 10 rights that you might help a client to identify. 1.To be treated with respect and dignity. 2.To privacy and confidentiality. 3. To involve an advocate of their choice. 4. To information that is accessible‚ accurate‚ timely & understandable. 5. To be consulted about needs and preferences‚ and be involved in decision-making
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exchanged between parties should be prepared with a thought to potential litigation. Attorney Client Privilege and the Work Product Doctrine are two separate and distinct issues and should be treated within the legal world as separate disclosures. Attorney Client Privilege‚ which originated in Roman and canon law‚ has evolved into a recognized judicial doctrine and is necessary in order to provide clients with access to effective‚ well informed counsel. In Upjohn Co. v US the Supreme Court the Court
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Target Cost Exercise in Paper Plant Shank & Fisher (1999) gave an example of application of target costing in the case of Montclair Paper Mill abd showed how the target costing principle could be applied even at a later stage of the product life cycle. The situation of Montclair Mill was gloomy. The mill was making $700 loss per every ton of paper sold. The management believed that the standard cost of $2900 per ton was thought to be based on a solid analysis and was taken for granted. The
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