return of 12.22%. Also‚ its weighted cost of capital should also be adjusted from 8.25% to 10.28%. JUSTIFICATION: New after tax cost Weighted cost Debt 25% 4.45% 1.1125 Retained earnings 65% 12.22% 7.943 New Equity 10% 12.22% 1.222 New weighted average cost of capital 10.28% 4.45% is the new after tax cost of debt for an AA rating bond in 1975. 12.22% was computed using the risk free rate of 5.2% adjusted for beta of .90 and expected
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Kamuku National Park is mostly a Guinea Savanna region of Nigeria‚ The park is ideal for bird watching with 192 species recorded. The Secretary Bird (Sagittarius serpentarius)‚ Denham’s Bustard (Neotis denhami) and Abyssinian Ground Hornbill (Bucorvus abyssinicus) are all found here. These birds are not usally found in America so enjoy them and take pictures #3- Gahaka Gumit National Park -Address >In the Adamawa region‚ right on the Nigeria /Cameroon Border. Visitors can also reach the park by
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amounts which are set aside out of the profits for a specific purpose e.g. provisions for bad debts‚ doubtful debts or depreciation‚ etc. These provisions are made in view of some expected events. Any expected loss in the future relating to the current accounting period must be charged (i.e. debited) to the profit and loss account of the current period. Similarly‚ any expected gain in the future relating to the current year must be credited to the profit and loss account of the current year. N
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empirical research on tax evasion‚ delineating the variety of factors affecting noncompliance and examining possible remedies. Particular emphasis is placed on the institutional and procedural rules governing the tax enforcement policy. JEL classification: K34 Keywords: Tax Enforcement‚ Compliance‚ Taxpayer’s Behavior‚ Tax Gap 1. Introduction Tax evasion is said to occur when individuals deliberately fail to comply with their tax obligations. The resulting tax revenue loss may cause
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up capital Reserves Special reserve Revenue reserve Unappropriated profit 6 576‚000 576‚000 7 17‚043 34‚097 8‚643‚534 9‚236‚577 6‚472‚171 7‚082‚268 NON CURRENT LIABILITIES Long term deposits 8 178‚908 159‚538 Deferred income tax liability 9 110‚000 288‚908 92‚000 251‚538 CURRENT LIABILITIES Trade and other payables 10 11‚554‚057 10‚730‚633 Provision for income tax 363‚110 11‚917‚167 207‚993 10‚938‚626 CONTINGENCIES AND COMMITMENTS
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3. Differences between APV and option valuation Valuing MW Acquisition by using APV method assumes in practice that exploiting of all MW’s reserves is certain and happens right after the acquisition. In other words‚ the APV method excludes the flexibility in future decision making. In this case‚ Apache has both an option to defer the exploiting of reserves into future and Apache may also choose not to exploit the MW reserves at all. As some of MW’s reserves are actually real options‚ the APV valuation
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additional gaming revenues. Terrence Wei‚ the new property president‚ feels that his department managers appear to be in conflict with each other. The managers of each department have expressed concerns when it comes to running their department under the profit center approach. Overall‚ complementary costs and allocated overhead included in the direct costs pose more of a problem in determining the amounts to allocate. More specifically‚ the hotel manager complained about capacity constraints. It is difficult
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ECON 600 Lecture 3: Profit Maximization I. The Concept of Profit Maximization Profit is defined as total revenue minus total cost. Π = TR – TC (We use Π to stand for profit because we use P for something else: price.) Total revenue simply means the total amount of money that the firm receives from sales of its product or other sources. Total cost means the cost of all factors of production. But – and this is crucial – we have to think in terms of opportunity cost‚ not just explicit
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Feudalism is present in Nigeria Feudalism has been around since the medieval life. The feudal system was a way of government based on responsibilities between the king or lord and vassal. The king would give large estates to his relatives‚ and these estates would range from his large assets to just a small piece of land; for example‚ farms‚ barns‚ animals and houses. And in return‚ what so ever the king asks the relatives to do they have to respond to it as the king commands. In my understanding
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DECADENCE IN NIGERIA It is of no doubt that moral decadence has completely replaced core moral values in present times. This ravaging phenomenon is the cause of some of the major problems Nigeria is facing as a Nation. A society where the youths do not think of how tomorrow would be better than today or how to invent new things to automate processes involved in our daily activities rather focusing on how to enrich themselves by any means and controlling enormous wealth at a tender age. Many
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