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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CONTENTS Introduction……………………………………………………....................3 Chapter 1: Speech Act Theory…………………………………...................5 Chapter 2: Indirect Speech Acts in English………………........................10 Conclusion…………………………………………..………................…..15 References……………………………………………..………...................17 INTRODUCTION Language is an inseparable part of our everyday lives. It is the main tool used to transmit messages‚ to communicate ideas‚ thoughts and opinions. It situates us in the
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The Aims of Education Alfred North Whitehead (1861-1947) The essay starts with Whitehead’s idea that authentic learning comes from a blend of expert knowledge and cultural knowledge. Expert knowledge comes from the course contents and cultural knowledge comes from activity of thought – which refers to students generating ideas of their own from their school experience or at least “playing” with the ideas presented to them in all ways possible to maximize learning. This leaves room for the student
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Checkpoint: Direct and Indirect Cash Flows Marlene A Broaddus-Waddell XACC-291 June 27‚ 2013 The difference between direct and indirect method of cash flows are the operating activities‚ which is the first section of the statement of cash flows. The investing and financing activities sections has no reported differences in the presentation of the cash flows. The direct presentation of cash flows displays cash receipts and payments from operations‚ more or less like the actual statement of
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Direct and Indirect Cash Flows Christine Grae XACC/291 Principles of Accounting II March 29‚ 2015 Susan Schulz When companies utilize the accrual method of accounting‚ they will prepare a cash flow statement in order to understand the flow of cash. We call this method the cash flow statement and it can be prepared in two different methods which would be indirect and direct. The methods are different but they both will be conducted with the same results for the accounting period. The direct
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The Metamorphosis of the Practical Nurse October 23‚ 2006 The Metamorphosis of the Practical Nurse It takes a great deal of courage to let go of what is known‚ familiar‚ and comfortable. Change is a driving force in everyone. Like a butterfly‚ individuals in the nursing field may go through similar stages of metamorphosis‚ which is a process of growth‚ change‚ and development. (Wikipedia Foundation‚ 2006) Nurses have a vast amount of opportunity for growth and change in the healthcare
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books‚ but from practical experience Education comes not from books‚ but from practical experience Education is the transmittance of knowledge or skills from a source to students and other learners. There are two ways of transmitting knowledge‚ via books or by offering practical experience. Unlike the practical experience that hands-on activities provide‚ books are more passive and the authors tend to transmit their knowledge or skills uni-directionally to readers. Practical experience is sometimes
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compelling narrative voices in literature. Blurring the line between third and first person‚ Austen often combines the thoughts of the narrator with the feelings and muses of the focalized character. Emma is perhaps her most prominent example of free indirect discourse‚ where the narrator’s voice is often diffused into that of the characters. In the following passage‚ Emma takes on her role at match-maker between Mr. Elton and Harriet Smith‚ two naïve and somewhat air-headed characters in the novel.
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people live life according to the demands of others‚ letting their distinctive identity to waste and ruin. Everyone is subjected to change eventually; however‚ the change people undergo should be owing to their internal growth rather than external factors. For instance‚ Rau uses indirect characterization and juxtaposition to contrast Santha’s association to the name Cynthia‚ given to her by the principal‚ which she never took to heart‚ and her real name; in contrast‚ Mora’s use of indirect characterization
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Lecture 1 Indirect Taxation 2012 Dr Nakha Ratnam Somasundaram Advanced Taxation 1 Indirect taxation 2012 Dr Nakha Ratnam Somasundaram - Advanced Taxation 2 Indirect taxation • Indirect taxes consists of the following taxes: – – – – Sales tax Service tax Excise duty Customs duty • These taxes are collected by the Director General of the Royal Malaysian Customs. 2012 Dr Nakha Ratnam Somasundaram - Advanced Taxation 3 ROYAL MALAYSIAN CUSTOMS: HTTP://WWW.CUSTOMS.GOV.MY INDIRECT TAXATION
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