Guide for Case Analyses “Ocean Carriers” Objectives of case: The key objective is to develop an understanding of how discounted cash flow analysis can be used to make investment and corporate policy decisions. 1. Determine the value and net present value of a real assets; 2. Distinguishing between book value and market value; 3. Identifying and forecasting incremental expected cash flows‚ including initial and ongoing capital expenditures‚ investment in net working capital‚
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The Ocean Ranger The Ocean Ranger was an offshore exploration oil drilling platform that sank in Canadian waters 315 kilometres southeast from St. John’s Newfoundland‚ on the Grand Banks of Newfoundland on February 15‚ 1982‚ with 84 crewmembers onboard. The Ocean Ranger was the largest semi-submersible‚ offshore exploration‚ oil drilling platform of the day. Built in 1976 by Japan’s Mitsubishi Heavy Industries‚ it operated off the coasts of Alaska‚ New Jersey‚ Ireland‚ and in November 1980 moved
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Seas and oceans provide various types of resources to human beings and habitats to numerous species of plants and animals. They play very important roles in the economy of a nation and its people. Still‚ the marine and coastal ecosystems are under severe stress due to human activities. Ocean Resources The ocean is one of Earth ’s most valuable natural resources. It provides food in the form of fish and shellfish—about 200 billion pounds are caught each year. It ’s used for transportation—both travel
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Ocean Current and Global Weather The ocean is the largest habitat for life on earth‚ and is vital to the land habitats as well. The ocean regulates the earth’s weather patterns. The main force influencing global climate is the solar energy of the fun. Because the earth is a sphere its surface is not heated equally by incoming solar energy. The equatorial areas receive more sunlight while the poles receive less because sunlight strikes at an oblique angle so much of the sunlight are reflected away
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Part 1: 1. Describe four factors that influence ocean currents. There are many factors that influence ocean currents‚ four of the factors would be planet rotation‚ wind‚ density of water‚ and gravitation. Planet rotation causes the currents to move clockwise in the northern hemisphere and counter clockwise in the southern hemisphere. Wind blows on the surface of the ocean therefore pushing the water in the direction of the wind. Different densities in the water can cause currents to form and move
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that comes along with this aspect of climate change. So what causes the ocean to continue rising? Two answers that seem to stand out are polar ice melting‚ therefore increasing the amount of water in the oceans‚ and the sinking of ground sediment. The latter reason is not as well emphasized‚ but still remains a pressing issue that our civilization needs to come face to face with. Along with the obvious rise in the ocean waters‚ coastal populations also face events brought on by nature such as
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Opened in 1977‚ Ocean Park Hong Kong is one of Hong Kong’s favourite attractions‚ featuring rides‚ exhibits and conservation facilities. Ocean Park is located on the southern side of Hong Kong Island‚ covering more than 870‚000 square metres of land. There are three attraction areas‚ which are the Lowland‚ the Headland and Tai Shue Wan. The three areas are connected by a cable car‚ outdoor escalator which is the second longest in the world and Ocean Express. Aqua City Ocean Park’s Aqua City
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Ocean Carrier Case Study Summary In order to accept the recently submitted leasing contract proposal‚ Ocean Carriers would have to purchase a new ship. The purchasing of a new ship is a considerable investment. We have analyzed whether or not Ocean Carriers should make this investment using Free Cash Flow and Net Present Value (NPV) analysis. Given the details of the contract‚ the forecasted daily time charter rates‚ and the costs data; we have concluded that Ocean Carriers should not accept
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Case 1.1 – Client Acceptance Question # 1: Identify 5 procedures an auditor should perform in determining whether to accept a client. Which of these five are required by the auditing standards? a. (AU 314) The auditor should obtain an understanding of the entity and its environment in the following areas: i. Client’s application of accounting policies ii. The industry‚ regulation and other factors affecting the client iii. Client’s objectives ‚ strategies‚
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portray the ocean as both the mother and the child; the protector and the protected. The role she places of the mother figure serves as a reminder of how the ocean has nurtured and helped us. Through the seafood we consume‚ the waters in which we use to travel‚ medicine from marine plants and animals‚ and the recreational uses of sports and leisure‚ the ocean has provided humanity with substance and enjoyment for thousands of years. Jetnil-Kijiner draws attention to the provisions the ocean allots to
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