***************************** Table of contents SECTION 1: OVERVIEW DCF in theory and in practice Unlevered vs. levered DCF SECTION 2: MODELING THE DCF Modeling unlevered free cash flows Discounting to reflect stub year and mid-year adjustment Terminal value using growth in perpetuity approach Terminal value using exit multiple approach Calculating net debt Shares outstanding using the treasury stock method Modeling the weighted average cost of capital (WACC) Sensitivity analysis using data tables Modeling synergies
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STUDENTS CERTIFICATE Certified that this report is prepared based on the term paper project undertaken by me on the topic Liquidation Of A Company‚ under the able guidance of Ms Rashmi Tirpathi in partial fulfillment of the requirement for award of degree of B.Com(H) from Amity University‚ Uttar Pradesh. Date -------------------- --------------- ----------------- ----------------- Ankit Sinha Ms.Rashmi Tirpathi Prof. V.
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company’s value‚ is the challenge. Cash flow is extremely important for administrators at this perplexing time in history; alterations to this cash flow issue require a inflexible level of explanation‚ especially as the cash amount of the adaptation increases. This brutal state of mind is in conflict with the understanding that coincides with decisions made in the current health care industry. Emotions run rapid in all areas of healthcare when quality-of-care decisions are made regarding the welfare
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Information Given by Cash Flow Statements: A cash flow statement is a special document that is a mandated to be prepared by the accountants of any firm. Cash flow statements are nothing but the record of all the cash transactions that take place in a company. It is important for the financial statements of a company to make and have cash flow statements because the cash flow statements demonstrate the ability of a company to generate cash. The incoming and the outgoing cash are all recorded via
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Carson invests in Treasury securities and therefore is providing funds to the Treasury‚ the issuer of those securities. b. In what way is Carson a deficit unit? Carson has borrowed funds from financial institutions. c. How might finance companies facilitate Carsons expansion? Finance companies can provide loans to Carson so that Carson can expand its operations. d. How might commercial banks facilitate Carsons expansion? Commercial banks can provide loans to Carson so that Carson can
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Calculations The weighted average cost of capital (WACC) is the discount rate used in the discounted cash flow analysis. Usually‚ the WACC is the weighted average of the cost of debt (Kd) and the cost of equity (Ke)‚ since debt and equity are the most common sources of funds for the companies. In general‚ the formula for WACC is the following: As implied by the formula itself‚ if a company does not have interest-bearing debts‚ then its WACC would equal to its cost of equity. This is exactly
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THE COCA-COLA COMPANY CONSOLIDATED INCOME STATEMENT YEAR ENDED 31 DECEMBER 2009‚ 2008 Analysis of Consolidated Statements of Income Percent Change Year Ended December 31‚ 2009 2008 2009 vs. 2008 (In millions except percentages and per share data) $ $ % NET OPERATING REVENUES 30‚990 31‚944 (2.99)% Cost of goods sold
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Comparative Financial Ratios For Holding Companies in the Philippines Prepared by: Submitted to: Prof. Redentor Caguioa Financial Management 1 Second Semester A.Y. 2014-2015 Table of Contents Introduction Industry Background Summary of Financial Ratios Common Size Analysis Review of Ratios and Analysis Conclusion Appendices INTRODUCTION Financial analysis is the examination of a business from a variety of perspectives in order to fully understand the greater financial situation
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Pharos University Faculty of Financial & Administrative Sciences Strategic Management Model Applied Study on Starbucks Prepared by Spring 2013 Class Supervised by: Dr. Ola Elgeuoshy Spring 2013 Table of Contents Introduction Module (1): Environmental Scanning Ch1: External Environment Analysis Ch2: Internal Environment Analysis Module(2): Strategy Formulation Module(3): Strategy Implementation Module(4): Control & evaluation Summary & Conclusion
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History Ford Motor Company did not start out with its current name nor did it start with its current reputation or leadership standing in the automotive industry. A man named Henry Ford on November 3‚ 1901 started the Ford Motor Company. In the beginning‚ the car company went through multiple name changes within a short time period and eventually landed on the all time name of Ford Motor Company. With the help of 11 investors bringing together only $28‚000‚ Ford Motor Company launched in 1903. In
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