Financial Management Read ‘Ocean Carriers’ and answer the following questions: Ocean Carriers uses a 9% discount rate. 1. Do you expect daily spot rate to increase or decrease next year? - The expected daily hire rates drives the daily spot rates higher. So we are expecting the higher daily spot rates under higher expected daily hire rates. 2. What factors drive average daily hire rates? - Demand in iron ore shipments‚ - World economy‚ strong economy in western countries will raise
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permanent identity card‚ claiming that he was a permanent resident under art.24(2)(4) of the Basic Law. Article 24(2)(4) provided “Persons not of Chinese nationality who have … ordinarily resided in Hong Kong for a continuous period of not less than seven years” were permanent residents. X had lived in Hong Kong since the 1960s‚ but between I 1994–97‚ had been in prison for non-immigration offences. Seven years had not elapsed since his release from prison. The lower courts held that he was not a permanent
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After the massive success that the Walt Disney Company has achieved in Tokyo‚ the company suffered a big failure in the next overseas expansion venture which was named Euro Disneyland. The failure’s main reason was the lack of the emotional intelligence that should be present in effective leaders. In particular‚ the emotional intelligence components are: self-awareness‚ self-regulation‚ motivation‚ empathy‚ and social skill. The most important element that was missing in this case is empathy which
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To what extent was culture in Hong Kong in the second half of the 20th century shaped by foreign cultures? Hong Kong was a city with diversified culture. Populated with an overwhelming majority of Chinese‚ Hong Kong had definitely been deeply influenced by traditional Chinese culture and customs. Meanwhile‚ it had also been governed by Britain for more than a century‚ and had developed close links with the West. Yet‚ culture in Hong Kong in the second half of the 20th century still mainly followed
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traveling in Hong Kong” in more cities in China. China people are attracted by the reputation of “Shopping Paradise” in Hong Kong and they have high consuming power‚ so more people from China will come to Hong Kong for traveling. The sales of the air tickets will increase as the turnover of airline from cities in China to Hong Kong increase. - China and Taiwan started the direct flights policy in 2009‚ and more cities in China will launch the direct airlines to Taiwan‚ so Hong Kong can’t enjoy
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protocols the park took in response to these events. Central Purpose: Three of the incidents at Disneyland have prompted greater safety within the parks. INTRO As of December 2006‚ 13 guests and one employee have died inside of Disneyland’s different parks . Although we all associate the “happiest place on earth‚” where “dreams do come true” with good‚ wholesome‚ family entertainment in a safe place that’s far away from death‚ pain and injury‚ incidents do happen at Disneyland. An incident refers
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Social security had been developed in Hong Kong as a public commitment since the 1970s. The Comprehensive Social Security Assistance Scheme (CSSA) is one of the social welfare programs in Hong Kong‚ which aims to provide a safety net for those who cannot financially support themselves to meet the basic needs. With the low birth rate in Hong Kong‚ the immigrants from Mainland China has formed a significant proportion Hong Kong’s total population. According to the Census and Statistics Department‚
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Case Study 1 – Ocean Carriers 1. The Capital Budgeting Decision Should Ms. Linn purchase the Capesize vessel? Assume that Ocean Carriers is a U.S. firm and is subject to 35% taxation. (Please see excel sheets) From our analysis it appears that Ms. Linn should not buy the Capesize vessel. The Net Present Value on the Ocean Carrier is not a positive number‚ a clear indicator that buying the vessels is not a good idea. The tax rate of 35% makes a lot of difference in determining this NPV
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Abraham 1 Jordan Abraham Mr. Bisch ERWC 7 October 2014 Disneyland Historically‚ Disneyland has offered an escape for people. It is a place where you step into a whole other world and experience an enchanting form of entertainment. This novel form of entertainment is a big part of history. It has impacted the world as a whole‚ and me personally. To begin with‚ Disneyland‚ one of the biggest attractions in the world‚ has had an impact‚ not just in America‚ but other countries
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REPORT ON CAPESIZE PURCHASE FOR OCEAN CARRIERS Introduction The purpose of this report is to evaluate whether Ocean Carriers Inc. should immediately commission a new capesize carrier that would cost $39 million‚ and would be completed two years hence‚ in order to finalize a lease of the ship for a three-year period with a potential charterer in very good faith. The contrasting tax regulations between the two countries where the company locates its office‚ and the different cost-benefit circumstances
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