In this Discussion Board, write about your reactions to the way love is discussed in Part One and Two in Ingrid Persaud’s Love After Love. What are some of the different ways love is discussed, especially in the context of Trinidadian culture? Give specific examples.
What is the Impact of Minimum Wage on the Economy?
Calculate the market capitalisation, gearing ratio and the weighted average cost of capital for Darwin Brighton. (8 marks)
Calculate the discount rates for Hepal’s free cashflows for each year (years 1–5, 7 and 10). (8 marks)
Fill out the terminal values for Hepal in the DCF model. Remember that the depreciation expense will last
for five years. Treat it as an annuity with a constant discount rate. (10 marks)
Calculate the projected free cashflows, the present value of free cashflows and its cumulative values.
Unless instructed otherwise, please round off your values to the nearest dollar or % correct to two decimal places and include a comma separator for your numbers.
Question 1 (20 marks)
You are a finance manager of Darwin Brighton, a building materials company (acquiring company) based in Australia. The board is reviewing an opportunity to purchase Hepal, a company that manufactures tiles (target company).
The board has indicated that it will make an offer of $370 million to purchase Hepal. It is reviewing a number of options to finance this purchase, should it go ahead. It is your task to develop a valuation model to help determine if this is a good deal.
Your model will make the following assumptions:
You will make projections for the first five years and then the subsequent years will be summarised using terminal value.
Revenues for the first year is $410 million, increasing by 2% p.a. for the first five years and then 1.2% p.a., thereafter.
COGS for the first year is $150 million, increasing by 1.8% p.a. for the first five years and then 2% p.a., thereafter. Salary expense for the first year is $84 million, increasing by 2.2% p.a. for the first five years and then 2.5% p.a., thereafter.
Office administration expense for the first year is $33 million, increasing by 3% p.a. for the first five years and then 1.5% p.a., thereafter.
The target company owns $580 million worth of fixed assets with an average useful life of ten years, with no salvage value. You will use straight line depreciation (note you will need to calculate the terminal value of the depreciation expense) to estimate the expenses.
You project that the company will require $30 million of capital expenditure in the first four years, and this will reduce to $10 million in the fifth year. There is no expected capital expenditure beyond the fifth year. The corporate tax rate is 30% on company profits.
Reply to the following using at least 175 words per reply. Reply to each post separately. Be professional and constructive with your reply. Be sure to use FULL APA references and in-text citations.
1. Find below a brief explanation about financial structure, financial policies, and financial management practices. This list is by no means complete. Financial Policy Guidelines and Examples (https://www.propelnonprofits.org/resources/financial-policy-guidelines-example/) provides a more in-depth review of this subject.
What are some other structures, policies or financial management practices that you can identify in addition to what I’ve provided below?
Financial Structure
Governance
Tax Status
Public ownership versus private ownership
Financial Policies
Acceptance of patients without insurance
Adherence to GAAP and/or GAGAS
What is the primary goal of profit maximization
Financial Management Practices
Profit distribution
Distribution of assets upon dissolution
Managerial control
2. Building upon the information discussed during week one, the Balance Sheet shows the organization’s assets, or things of value, and liabilities, or the amount owed against those items of value. The difference between assets and liabilities is called the net worth or owner’s equity. The simple math or Accounting Equation is Assets = Liabilities + Net Worth. What does the weekly readings say about this equation being kept in balance. Explain this “balance concept”. Is there anything that financial managers have to do to maintain this balance?
The Income Statement also called the Profit and Loss Statement or the Statement of Revenue and Expense, states revenue at the amount earned, the expenses incurred to generate those revenues, and the difference between those numbers, which is called the Net Income. Explain how the Income Statement relates to the operational budget? Are they the same thing?
This week we examined the concept of ‘Microagressions,’ which can occur on the basis of race/ethnicity, class, gender, sexuality, nationality, and so on. At first blush, microaggressions might be seen as instances of one individual saying something to another that is offensive, to a greater or lessor extent. So in that sense, what separates microagressions from the typical social faux pas in which someone says something we’d consider to be in bad taste? In your response explore what might make microagressions seem something more than just individual infractions.
Part A
Describe in a well-developed paragraph that includes a thesis the development focus of each of these groups:
1. Middle Childhood
2. Adolescence
3. Early Adulthood
4. Middle Adulthood
Part B
Describe how identity of self is developed in middle childhood and continued in adolescence, early adulthood, and middle adulthood, including one concrete example of how growth occurs for each stage.
Explain how interpersonal relationships, including those from family and school, experience growth from childhood to adolescence to early and middle adulthood. Include a relevant personal example for each stage.
Describe how intimacy is apparent in middle childhood and contrast this with intimacy in the adolescent and the young adult.
Compare and contrast the physical and cognitive changes of early and middle adulthood.
Part C
Explain how what you have learned in this course has aided you in the understanding of the four stages covered so far: middle childhood, adolescence, early adulthood, and middle adulthood. Give an example for each stage that describes how you would apply the information learned in that stage to your future profession.
Module 7 Products, Services, Produce Life Cycle, and Brand Management
In this module, you will learn about the different classifications of products and services that help organizations make decisions about their market offerings to create value for target audiences. You will also describe the stages in the product life cycle (PLC), which require different product management strategies at each stage. At the end of this module, you will learn how organizations manage their brands.
This module is 2-Weeks in length. Check the Detailed Course Schedule, in the About the Course module, for more information.
Content
Learning Outcomes
By the end of this module, you should be able to:
⦁ Describe the classifications of products and services,
⦁ Explain how various product and service decisions create value for customers,
⦁ Describe the stages in the product life cycle (PLC) and the marketing strategies used at each stage, and
⦁ Identify strategies used to develop and manage a compelling brand.
Investigate the reasons President Truman decided to drop the atomic bomb on Japan. Consider the culture at that time and the following questions as you write your paper:
What were some of the arguments for and against the decision?
How have historians differed on their interpretation of the decision?
How might the culture of the U.S. have affected the decision to drop the bomb?
What eventually influenced Truman’s decision?
For the content of the paper you should:
Discuss and reference concepts taken from the course reading material and relevant research.
Include a title page, an introduction with a thesis statement, a body, a conclusion, and a reference page.
Each student will tour two breweries with an online tour. The two brewery tours will consist of discussing the two breweries of choice whole brewing process (from beginning to end) and also discuss how each brewery operates using a comparison approach to complete this task. You will need to summarize and compare both brewery operations in a 3- page report. This report needs to be a comparison paper of both breweries whole brewing process and their daily operations.
Make sure to clearly list the name of both breweries and where they are located.
Choose two breweries that give an extensive online tour that way you have more details and topics to discuss and compare in this paper.
Discuss what is unique about these two breweries and their beer brewing processes. Outline the brewing processing steps of both breweries (example: malting, mashing, fermentation, etc.) and the daily operations for both breweries and make sure to include each of these steps in this report as you write this paper. Each paragraph should reflect both breweries processing steps: for example the Malting, mashing, fermentation, and etc. (write a paragraph to discuss and compare how both breweries do their steps and follow this approach for every step in the brewing process for both breweries).
Structure this report to discuss both breweries and the processing steps to how these breweries operate and make their beer. The professor says do not write two separate papers for each brewery and merge the two papers together. This should be a comparison paper every step of the way!!!
The professor expects normal margins (0.75 to 1 inch), a normal,(1) readable(2) typeface, in a normal size (11-12 point), with normal spacing (1.25 to 1.5). I expect your spelling, usage, and punctuation to reflect the fact that you are a college upper classmen. I expect you to check what is said in the tour against what you learn in class.
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