Initial Investment The desired item is jewelry The cost in 12 years will be about $6000. The average interest rate is 5%. The Present value formula is P =A (1+r)-n where P is the present value that will amount to A dollars in n years at interest rate r compounded annually. Note that the quantity raised to a power has the negative exponent on –n. According to the rules of exponents‚ this means that once the negative is put into effect‚ the base quantity will change position by dropping down
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Title: Presenting the Budget Course Title: PAD 505 – Public Budgeting and Finance Professor: Dr. Stephen J. Kenealy By: Date: June 2‚ 2014 Presenting the Budget 1 Budget Justification Proposal AGENCY NAME: New York City & V.C. & Associates PROPOSAL NAME: Hands-on Job Training Workshops housed within the NYC DSS SUBMITTED BY: New
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Essay by Bereketeab Yacob Yohannes Budget and budgetary control has being dealt with in different ways in literature‚ but basically there has being critics on traditional budgetary control as new issues raised with current more unpredictable global internationalized world markets. Virtually conventional budgeting has roughly some categories of criticism‚ one being that budgets by the time they are used their assumption are out-dated especially in rapidly changing environments‚ the second recurrent
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CHAPTER 2 How to Calculate Present Values Answers to Problem Sets 1. If the discount factor is .507‚ then .507*1.126 = $1 2. 125/139 = .899 3. PV = 374/(1.09)9 = 172.20 4. PV = 432/1.15 + 137/(1.152) + 797/(1.153) = 376 + 104 + 524 = $1‚003 5. FV = 100*1.158 = $305.90 6. NPV = -1‚548 + 138/.09 = -14.67 (cost today plus the present value of the perpetuity) 7. PV = 4/(.14-.04) = $40 8. a. PV = 1/.10 = $10 b. Since the perpetuity
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flexible budget? A flexible budget projects budget data for various levels of activity. The flexible budget is a series of static budgets at different levels of activity. The flexible budget recognizes that the budgetary process is more useful if it is adaptable to changed operation conditions. Flexible budgets can be prepared for each of the types of budgets include in the master budget‚ so depending on your particular business you will have different budgets in your flexible budget. • What
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Utah State University DigitalCommons@USU Undergraduate Honors Theses Honors Program 8-1-2010 The Temple Recommend: A Solution to the FreeRider Problem Austin Bowles Utah State University Recommended Citation Bowles‚ Austin‚ "The Temple Recommend: A Solution to the Free-Rider Problem" (2010). Undergraduate Honors Theses. Paper 62. http://digitalcommons.usu.edu/honors/62 This Thesis is brought to you for free and open access by the Honors Program at DigitalCommons@USU. It has been accepted for
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May 22‚ 2013 Mr. J.R. Williams‚ Manager Even Bigger Bookstore 7239 Townsend Boulevard Jacksonville‚ FL 32073 Dear Mr. Williams: It is my pleasure to recommend Kathia Guittierez as a candidate for employment with your company. She has worked under my supervision at Great Big Bookstore from 2007-2013. During that period‚ I had great pleasure watching her blossom from a shy‚ quiet employee to one of the top performing cashier in a short span of time. Kathia is a hard-working responsible young
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Cost of new equipment $200‚000 Expected life of equipment in years 5 years Disposal value in 5 years $40‚000 Life production - number of cans 5‚500‚000 Annual production or purchase needs 1‚100‚000 Number of workers needed 3 Annual hours to be worked per employee 2000 hours Earnings per hour for employees $12.00 Annual health benefits per employee $2‚500 Other annual benefits per employee-% of wages 18% Cost of raw materials
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long-term investments should the firm undertake (capital budgeting) and how will investment and finance decisions affect the firm ’s value (valuation)? How can cash be raised for the required investments? This is known as the financing decision ’ (cost of capital‚ capital structure and leasing). How will the firm manage its day-to-day cash and financial affairs (short-term financing and net working capital)? The Capital Budgeting Mini Case presents a financial decision of acquiring another
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for Grade Average Calculation There are 3 grade averages: TGA‚ CGA and GGA. TGA (Term Grade Average) is the combined grade average covering all courses taken in the term and the session immediately following. CGA (Cumulative Grade Average) is computed based on all the courses taken by the student which are expected at the time of calculation to be applied towards the degree requirements in the current program. TGA & CGA = Sum of (Course Credits x Course grade points) Sum of Course Credits GGA (Graduation
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