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To be able to analyze the project, we need to calculate the project s NPV, IRR, MIRR, Payback Period, and Profitability Index.
Since net working capital is built up ahead of sales, the initial cash flow depends in part on this cash outflow. So, we will begin by calculating sales. Each year, the company will sell 600,000 tons under contract, and the rest on the spot market. The total sales revenue is the price per ton under contract times 600,000 tons, plus the spot market sales times the spot market price. The sales per year will be:
| Year | | 1 | 2 | 3 | 4 | Contract | $ 20,000,000 | $ 20,000,000 | $ 20,000,000 | $ 20,000,000 | Spot |... Show more content on Helpwriting.net ... us the accumulated depreciation, or: Book value of equipment = $34,000,000 4,858,600 7,646,600 5,946,600 4,399,600 Book value of equipment = $ 11,148,600
Since the market value of the equipment is $20.4 million, the equipment is sold at a gain to book value, so the sale will incur the taxes of: Taxes on sale of equipment = ($20,400,000 11,148,600 )(.38) = $3,515,532
And the after tax salvage value of the equipment is:
After tax salvage value = $20,400,000 3,515,532
After tax salvage value = $16,884,468 So, the net cash flows each year, including the operating cash flow, net working capital, and after tax salvage value, are: | Year
|
| 3720000 | Total Project Cash Flow | 421860000 | 12042868 | $14,094,308.00 | $14,933,308.00 | $28,607,048.00 | 3100000 | 3720000 |
So, the capital budgeting analysis for the project is: Payback period = 3 + $1115502/$28607048 Payback period = 3.04 years Profitability index =
Conflict Of The Case Of Online Defamation
CONFLICT OF LAWS IN CASE OF ONLINE DEFAMATION
The new age of information has caused scholars to consider the adequacy of traditional jurisdictional regimes where interstate disputes arise. Many scholars argue that traditional choice of law doctrines are inadequate to determine which state of law applies in inter state cyber disputes. In case of online defamation, considering this crime is not restricted to one particular geographical boundary, it is important to analyze as to which particular law will apply to the case at hand. There appear to be three stages involved:
(a)the inquiry whether there is a conflict of policy, (b)the inquiry whether there is a conflict in application, and, (c)if the answer to the previous two questions ... Show more content on Helpwriting.net ... First, the wrong must be of such a character that it would have been actionable if committed in England [the place of the forum]...Secondly, the act must not have been justifiable by the law of the place where it was done.
The Conflict of Law Rules under the Common Law system have been codified by way of the Private International Law (Miscellaneous Provisions) Act passed in 1995. This however excludes defamation. Under the tort of defamation if it takes place in England (here in India) then it is stated that law of forum shall be followed as the lex fori and the lex loci deliciti are the same. In case of multi state defamation a fresh tort is committed in each country in which publication occurs. More radically, the concept of the place of the tort could be abandoned altogether and replaced in cases of multi state defamation by a rule applying one of the following: (i) law of the claimant s domicil or residence , (ii) the law of the country which with respect to the particular issues has the most significant relationship with the occurrence and with the parties.
The latter half of this is followed under the American approach for torts has been summarized under s. 145 of The Restatement (Second) Conflict of laws. This also provides for the most significant relationship rule to apply in case of defamation. Most of the
Short Person To Play Basketball
I was a very short person to play basketball. From the time I started play basketball I always change the techniques, we were taught to make it easier for me to do. This resulted in me coming into high school with terrible shooting form. I used my legs way too much, I shot from my hip, and my elbow was always pointed outwards. My summer basketballcoach worked with me my whole summer going into my junior year to get me to bring my elbow in when shooting. This allowed my to get my shot off quicker, get more power from my upper body, and to be more constant with my shot. It also allowed me to use less energy each time I had a jump shot. The reason just moving my elbow in on my shot had such a great effect on all of my mechanics was it allowed
Research Paper On Sumatran Tigers
Sumatran tigers are one of the smallest subspecies of the tiger family, with an estimated 500 600 left in the wild. However, the actual count is most likely fewer than 400 tigers. In 1978, a census was taken of the Sumatran tigers. It stated that there were about 1,000 tigers in the wild. In the last 25 years, the Sumatran tigerpopulation has been cut in half. Their species is considered critically endangered, and their numbers are still going down. Their endangerment would mean that their ecosystem would crumble without them.
They are very small in size compared to other tigers, as they weigh only about 170 pounds to 330 pounds. Because Sumatran tigers are so small, they are able to move through denser areas of forests to catch their prey. Some experts believe the reason they re so small is because of limited space in their natural habitat. Their tiny size also comes the size of their prey, which is smaller than most other species of tigers, like wild boars compared to water buffalo. They are mostly orange in color, but they have white on their underside and black stripes. The stripes on a Sumatran tiger are packed closer together than other tiger species. These close stripes help Sumatran tiger blend in with the tall grass around them. They have a lot of fur around their necks, too. Sumatran tigers have webbing between their toes, which helps them swim easily through ... Show more content on Helpwriting.net ... They survive in the many areas of Sumatra, from one of the most tropical jungles in the world to swampy forests to hilly grasslands. However, most of them live in the mountainous forests and lowlands of Sumatra. Sumatra Island is one of the Greater Sunda Islands of Indonesia, and it is the westernmost of all the islands. It s located in the Indian Ocean and is one the largest islands in the world. The total area is about 164,000 square miles. Sumatra s climate is very hot and humid, as much of it s area is made up of
Speech On Blue Whales
Blue whales are the largest animals ever known to have lived on Earth. These magnificent marine mammals rule the oceans with a length of 30 m and an outstanding weight of 200 000 kg. Their tongues alone can weigh as much as an elephant. Their hearts, as much as a car. Blue whales live in all the oceans across the globe. They are migratory, and travel great distances at different times in their lives. The three main regions where blue whales are found are the North Atlantic, the North Pacific and the Southern hemisphere.
In the past blue whales were extremely abundant and found swimming in all of the major oceans in the world, According to http://www.seethewild.org/, today it is estimated that there are now only between 1,500 2,500 blue whales left in existence. Between 1900 and the mid 1960s, 360 000 blue whales were slaughtered.
Aggressive hunting in the 1900s by whalers seeking whale oil drove blue whales to the brink of extinction. According to http://www.whalefacts.org/, In the past, blue whales were hunted for; Oil (Lamp oil, soap, perfume, candles and cosmetics), Food (Cooking oil, margarine and whale meat), Clothing (corsets and umbrellas) and various other products including tools such as fishing hooks. During the 20th century, the species was almost exterminated due to commercial whaling. Blue Whales have an important role in helping growing economies. When it comes to the environment and the oceans ecosystem whales help regulate the flow of food by
Analysis Of Eye In The Sky
The film, Eye in the Sky , sets in Nairobi, Kenya, a small community where there are guards equipped with weapons. The film starts off with a father repairing his daughter s hula hoop while the mother is baking bread in her kitchen. With Paul Collier s three stages of poverty, the community the family lives in can be characterized as The Poor , due to lack of entertainment and cultural goods. The daughter, Alia Mo Allim, has nothing to play with except her hula hoop. Alia and her family have access to food, water, and shelter.
Colonel Katherine Powell, who works for British Army, wakes up and discovers that the group, Al Shabaab, killed an undercover agent working for the British and Kenyan intelligence services in Nairobi. In Las Vegas, Nevada, Lieutenant Steve Watts and Carrie Gershon are given a mission to fly a joint operation over Nairobi, Kenya. The mission they are given is code name Operation Egret. Lieutenant Steve Watts and Carrie Gershon are to be the eye of the sky of capturing key members of Al Shabaab. Colonel Powell has many motivates for allowing the drone attacks. However, there are dilemmas that are debated by the COBRA (Cabinet Office Briefing Room) Team. Not only that, the pilots that initiate the strike of the drones have the most difficult job of the mission. In the movie, Colonel Powell chooses to use the Reaper drone as a source of attack because it has the ability to loiter in the sky before the attack is confirmed. As long as she has a positive
French Gothic Cathedral In The 11th, 13th And 13th Centuries
Topic 14: The Gothic cathedral developed in northern Europe in the 11th, 12th and 13th centuries. Compare and contrast the Gothic Cathedral in England and France using at least two examples from England (for example Salisbury Cathedral, Winchester Cathedral, Lincoln Cathedral and Ely Cathedral) and at least two examples from France (for example Chartres Cathedral, Notre Dame de Paris, Amiens Cathedral and Bourges Cathedral). Examine site, planning, structure, elevation, materials, decoration and religious contexts in your analysis. Gothic cathedral is very popular in the middle and the end of the Middle ages. It starts with the Rebuilding of St Denis in France, 1144, and started to become popular all around Europe in the 13th century.... Show more content on Helpwriting.net ... For the early gothic, we can use the Notre Dame in Paris and the Laon Cathedral as an example. Notre Dame in Paris is the most famous of the Gothic cathedrals of the Middle Ages built in France. Notre Dame and Laon are both designed shortly before 1160. The planning of Notre Dame was described as staggered and tired spaces extending (1) The similarities between early Gothic in France and England is they both have large nave, two side aisle and two transepts. In early English cathedral, the transepts are usually extended out as an additional space on the sides. However, early French cathedral don t usually have an expended out transept. There wasn t much room in the additional space on the side. The Laon has a short choir, it might be the influence from St Remi at Reims, which is the largest Romanesque church in Champagne. After that, in the 13th century, French cathedrals are influenced by English cathedrals. They start to extend the transept externally like the English cathedrals do. This can be demonstrate by the Reims cathedral mentioned in the last
Impacts
[pic] From : Authorstream.com India has 5,000 year old ancient civilization 325 languages spoken 1,652 dialects 18 official languages 29 states, 5 union territories 3.28 million sq. kilometers Area 7,516 kilometers Coastline 1.08 Billion population. 5600 dailies, 15000 weeklies and 20000 periodicals in 21 languages with a combined circulation of 142 million. It is bordered by Pakistan to the west;[14] China, Nepal, and Bhutan to the north east; and Bangladesh and Myanmar to the east. India is in the vicinity of Sri Lanka, the Maldives, and Indonesia in the Indian Ocean. CLIMATE OF INDIA : From Helloindiatravel.com At the international level, India should pay a dynamic role and make its presence felt at the World Tourism... Show more content on Helpwriting.net ... Local resources Tourism in India can create great pressure on local resources like energy, food, and other raw materials that may already be in short supply. Greater extraction and transport of these resources exacerbates the physical impacts associated with their exploitation. Because of the seasonal character of the industry, many destinations have ten times more inhabitants in the high season as in the low season. A high demand is placed upon these resources to meet the high expectations tourists often have (proper heating, hot water, etc.). Land degradation Important land resources include fertile soil, forests, wetlands and wildlife. Increased construction of tourism facilities has increased the pressure on these resources and on scenic landscapes. Direct impact on natural resources in the provision of tourist facilities can be caused by the use of land for accommodation and other infrastructure provision, and the use of building materials. Forests often suffer negative impacts of tourism in the form of deforestation caused by fuel wood collection and land clearing. For example, one trekking tourist in Nepal can use four to five kilograms of wood a day. PHYSICAL IMPACT OF TOURISM IN INDIA Physical impacts of tourism development Construction activities and infrastructure development The development of tourism facilities can involve sand mining, beach and sand dune erosion and loss of wildlife habitats. Deforestation and intensified