There are four key principles that Apple should take into concern when deciding their budgeting process. First‚ when making the decision‚ cash flows should be the main concern instead of the accounting income. Second‚ any cash flows will need to be discounted by the opportunity costs. Opportunity costs are the amount of cash flows that will lose by undertaking the project under analysis. Third‚ according to the time value of money‚ the cash flows received earlier is preferable to firm. In other words
Premium Net present value
INVESTMENT DECISION Tianfu Electronics Ltd is a midsized electronics manufacturer located in Chengdu‚ China. The company president is Dr. Wang Datong‚ a graduate from Tsinghua University‚ who founded the company 20 years ago. The company originally repaired radios and other household appliances. Over the years‚ the company expanded into manufacturing and is now a reputable manufacturer of various electronic items. Meng Xiaolan‚ a recent MBA graduate from Fudan University‚ has been hired
Premium Depreciation Cost Personal digital assistant
Yr: 2014 Yr: 2013 Remarks 1.1 Profitibality Ratio 1.1.1 ROE= x 100 = 10.71% x100 = 10.30% Higher the better 1.1.2 ROTA= x100 = 18.27% x100 = 19.45% Higher the better 1.1.3 GPM= x100 = 71.67% x100 =70.35% Higher the better 1.1.4 OPM= x100 =28.72% x100 =29.79% Higher the better 1.1.5 NPM= x100 =43.48% x100 =39.46% Higher the better 1.1.6 NPM= x100 =38.74% x100 =35.04% Higher the better 1.2 Asset Utilisation 1.2.1 TA TURN= x100 =18.27% x100 =19.45% Higher the better 1.2.2
Premium Net present value Internal rate of return
1. (25%) Below are census data showing labor force participation of women in the U.S.‚ overall and by age group‚ from the Censuses of 1950 to 2010. Participation Rate (percent) 1950 1960 1970 1980 1990 2000 2010 Female Total (16+) 33.9 37.7 43.3 51.5 57.5 59.9 58.6 20 to 24 years 46.0 46.1 75.5 68.9 71.3 73.1 68.3 25 to 34 years 34.0 36.0 45.0 65.5 73.5 76.1 74.7 35 to 44 years 39.1 43.4 51.1 65.5 76.4 77.2 75.2 45 to 54 years 37.9 49.8 54
Premium Demography Economics Labor
Northern Division‚ while seeking a company to manufacture new boxes it needs‚ has obtained bids from three companies: the West Paper Company; the Thompson Division of Northern’s parent company‚ Birch; and the Eire Papers company. Below the total outlay costs of accepting each bid has been summarized: Buy from West Northern Division
Premium Transfer pricing Cost Costs
these investments are Expected Return 13% 7% 25% Standard Deviation 25% 9% 50% A trader comes with a idea about investing in some new emerging markets: the markets of Polynesia‚ Micronesia‚ and New Caledonia. These markets have the following characteristics: Polynesia Micronesia New Caledonia Expected Return 18% 20% 22% Standard Deviation 30% 35% 28% Correlation with Stocks 0.4 0.2 0.6 Correlation with Bonds 0.3 0.1 0.2 Correlation with Derivatives 0.2 0.3 0.4 Your job as risk manager
Premium Standard deviation Variance Investment
Scottish Nationalism & the Scottish Music Scene (1990 – 2012) Scottish Music in Tourism‚ Culture & Heritage By Scott Burrell Introduction Scottish Tourism bloomed in the 1990s due to major cultural changes in society. Scotland began to create a new identity through the use of media that promoted the social and cultural attributes of the country. Scotland’s home-grown artists were used as a voice at the forefront of the promotion of Scotland’s culture and heritage to world tourism
Premium Scotland Edinburgh
Running Head: AGENCY STRUCTURE Assignment 1: Agency Structure Ja Nae’ Roberts Dr. Stephen Kenealy PAD 505: Public Budgeting and Finance October 28‚ 2012 Administrative Structure of Federal Government The first agency chosen is the U.S. Coast Guard. “The U.S. Coast Guard is one of the five armed forces of the United States and the only military organization within the Department of Homeland Security” (U.S. Coast‚ 2012). The USCG is located within
Premium United States United States Department of Homeland Security Federal government of the United States
insurance against stock price declines. • Protective puts lock in a minimum portfolio value. • The cost of the insurance is the put premium. • Purchase stock and write calls against it. • Call writer gives up any stock value above X in return for the initial premium. • If you planned to sell the stock when the price rises
Premium Call option Option Options
F. INVS&PRTF/ AFM0711 Board Lot System Equity trading is done by board lot or round lot system. The Board Lot Table determines the minimum number of shares an investor can buy or sell at a specific price range. Therefore‚ the minimum amount of initial investment varies and will depend on the market price of the stock as well as its corresponding board lot. Prices of stocks move through a scale of minimum price fluctuations. Table 1. Board Lot Table Market Price (in Php) Tick Size Lot Size 0.0001
Premium Stock Stock market Sales