Part 1: Estimation of demerged entities’ future earnings Tabcorp Holdings Limited (ASX: TAH‚ “Tabcorp”) announced a demerger on 18th October‚ 2010. The Company separated into two entities: the casino business was operating as an independent entity‚ Echo Entertainment Group (“Echo”) ever since‚ and the waging business was still operating under Tabcorp. The two entities announced their respective annual report for financial year 2011. Based on the historical financial data‚ we applied pro-forma
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Bright paint limited Bright paint limited‚ situated in Punjab‚ is a large wholeseller of industrial paints. The company sells paints mostly to small retailer in cities and towns of northern states. About 10 % of sales are made directly to the public on case basis. For meeting its working capital requirement‚ the company has a cash credit limit from state bank of India. However‚ it has been recently facing a liquidity problem. In its cash credit amount‚ the company has an overdraft balance of Rs.24 lakh
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1720’s where the first formal defense was used in a court in 1724. Judge Tracy‚ the judge that ruled over the first case coined a term “The wild beast standard” that states “for someone to be insane he must be totally deprived of his understanding and memory‚ and not know what he is doing anymore than an infant‚ a brute‚ or a wild beast” (Neville‚ 2010‚ pp.3-4). After the Daniel M’Naghten case‚ a man who attempted to kill a prime minister due to his belief that the prime minister was conspiring against
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CHAPTER 4 DISCOUNTED CASH FLOW VALUATION Solutions to Questions and Problems 10. To find the future value with continuous compounding‚ we use the equation: FV = PVeRt a. b. c. d. FV = $1‚000e.12(5) FV = $1‚000e.10(3) FV = $1‚000e.05(10) FV = $1‚000e.07(8) = $1‚822.12 = $1‚349.86 = $1‚648.72 = $1‚750.67 23. We need to find the annuity payment in retirement. Our retirement savings ends at the same time the retirement withdrawals begin‚ so the PV of the retirement withdrawals will be the FV of
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From: FLAIRS-02 Proceedings. Copyright © 2002‚ AAAI (www.aaai.org). All rights reserved. Data Mining: An Empirical Application in Real Estate Valuation Ruben D. Jaen Florida International University University Park‚ PC236 Miami‚ Fl 33199 jaenr@fiu.edu Abstract1 This paper presents the insights gained from applying data mining techniques‚ in particular neural networks for the purposes of developing an intelligent model used to predict real estate property values based on variety of factors. A dataset
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The Simple Gift – Essay model A person’s relationship with others and the world around them influences their experience of belonging or not belonging. Discuss this view with detailed reference to The Simple Gift and TWO other related texts. Relationships and experiences contribute to an individual’s sense of belonging or not belonging. This view is clearly evident in The Simple Gift by Steven Herrick and the two related texts _______________ and __________________. The Simple Gift explores
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Electric utility bills. When an electric utility customer uses electricity‚ the electric company has earned revenues. It is obviously impossible‚ however‚ for the company to read all of its customers’ meters on the evening of December 31. How does the electric company know its revenue for a given year? Explain. According to historical data‚ the electricity usage usually tended to be fairly constant from month to month. The company can estimate the revenues for each month‚ by using historical data
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To: JetBlue Management Team From: Subj: JetBlue IPO Price Recommendation Date: April 11‚ 2002 Introduction JetBlue is a company that was founded on not accepting the status quo with regard to how airline travel is “supposed to be”. Recent history shows that low-fare airlines are gaining momentum‚ and JetBlue’s business model sets us apart- our fleet is newer‚ more reliable and efficient. We offer the lowest cost per available seat mile than any other U.S. airline‚ and we do it while maintaining
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Laura Martin: Real Options Valuation in the Cable Industry Case Questions 1. What is the nature of Laura Martin’s job? Define the specific problem that she is addressing. A. Laura Martin is an equity research analyst. This was a unique opportunity to demonstrate her knowledge of the drivers of value in the cable industry. She was going to reveal the value of stocks of cable industry using real options‚ which is a more realistic way of evaluating the value of a project than EBITDA multiples
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Deals 5 3. Deals with Shareholders 5 C. Formalities for Statutory Mergers 6 1. Mergers 6 2. Case: Schreiber v. Carney: 6 D. Formalities for Asset Acquisitions 6 1. Asset Purchases – Qualitative Approach & DGCL § 271 6 2. Case: Gimbel v. The Signal Companies: 6 3. Case: Katz v. Bregman 7 E. De Facto Merger Doctrine 7 1. Asset Transactions and De Facto Mergers 7 2. Case: Farris v. Glen Alden Corporation: 7 3. Case: Hariton v. Arco Electronics: 7 F. Triangular Mergers 8 1. Statutes 8 2. Triangular Merger
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