learn the basics of finance

... on the trade-offbetween the potential profits and the costs of borrowing • Expectationsabout the future profitability of current investments adjusts the level of investment • Crowding outis the ... on the price they must pay • The interest rateis the price of borrowing money for a specific period of time – It is expressed as a percentage per dollar borrowed per unit of time. The price of ... Education • In the early 1980s, the savings rate in the United States was 8 to 10 percent. • The savings rate decreased steadily to 2 percent in the mid-2000s • After the housing market crash, the savings

Ngày tải lên: 14/10/2020, 14:25

... independent, if the cash flows of one are  unaffected by the acceptance of the other.  mutually exclusive, if the cash flows of one  can be adversely impacted by the  acceptance of the other. Trang ... Reason:  Companies want to avoid the direct costs (i.e., flotation costs) and the indirect costs of issuing new capital  Solution:  Increase the cost of capital by enough to reflect all of these costs, and then accept all projects that still have a positive NPV with the higher cost of  ... budgets as being risky, which drives up the cost of capital (More ) Trang 42  42 If external funds will be raised, then the NPV of all projects should be estimated using this higher marginal cost of  capital Trang

Ngày tải lên: 16/01/2020, 19:33

... internal rate of return of 18 percent, while Project B has an internalrate of return of 30 percent The two projects have the same risk, thesame cost of capital, and the timing of the cash flows ... series of positive cash flows One ofthe projects, however, is much larger than the other If the cost ofcapital is 16 percent, the two projects have the same net present value(NPV); otherwise, their ... beta of 1.6 Assume that the stock market is efficient Which of the following statements is mostcorrect? a The required rates of return of the two stocks should be the same b The expected rates of

Ngày tải lên: 22/11/2016, 11:02

... chemical engineers The first section of the book explains the basic structure of thesoftware and leads the student through a hands-on introduction to the various features of the software designed ... by selectingthe Help button on the main Aspen Plus display The philosophy of the book is based on the idea that once a chemical engineer becomes thoroughly facile in the use of thesoftware and ... 1TEACH YOURSELF THE BASICS OFTrang 2TEACH YOURSELF THE BASICS OFTrang 3Copyright © 2011 by John Wiley & Sons, Inc All rights reserved.A joint publication of the American Institute of Chemical

Ngày tải lên: 01/04/2014, 10:57

... when the company wants toknow if the expected value of the cash flows is greater than the cost of theproject, and whether or not the expected rate of return on the project exceedsthe cost of the ... Project A is the superior project.10-17 Since the IRR is the cost of capital at which the NPV of a projectequals zero, the projects inflows can be evaluated at the IRR and thepresent value of these ... with the number of years the project lasts and theMIRR, to solve for the initial present value of the cash outflows One of these cash outflows occurs in Year 0 and the remaining value must bethe

Ngày tải lên: 01/07/2014, 21:28

... Transportation Professionals The Basics of Telecommunications Final Report September, 2004 Trang 2Notice This document is disseminated under the sponsorship of the Department of Transportation in the interest ... Background 186 The System - Existing 188 The System - New 191 City of Irving Texas 193 Background 193 Proposed Update 194 5.8 GHz Attributes 196 Theory of Operation 197 The Irving Proposal ... to describe t he configuration of a cable The expression is often used in the following manner: “The cable is available in 5000 foot “put -ups ” Trang 27numb ers of fib er st rands wi ll requi

Ngày tải lên: 05/07/2014, 00:21

... Overview of the principles of business writing 11 The first principle: focus 13 The second principle: purpose 27 The third principle: meaning 39 The fourth principle: substance 47 The fifth ... (www.lucidcommunication.nl) Proofread by Mark Biss, WordsRU (www.wordsru.com) Designed by Made of Man visual identity (www.madeofman.nl) Lucid Communication Paulinastraat 78 2595 GK The Hague The Netherlands www.lucidcommunication.nl ... principle: structure 53 The sixth principle: clarity 63 The seventh principle: humility 71 The writing process from start to finish 75 About the author 90 About the designers 91 Table of contents

Ngày tải lên: 07/08/2014, 02:20

... Minister of Foreign Affairs, who needs to address a conference about the future of the UN The issue is contentious and highly politicised, with this official’s country one of the few in favour of an ... Trang 1of the principles of business writing Focus Adjust the scope and scale of your writing to influence the attitude and behavi-our of ybehavi-our readers Develop a brief and outline, execute these ... can focus the writer’s thinking and subsequent work The brief helps the writer to sharpen his arguments and navigate the political quagmire of the conference The outline: foundation of success

Ngày tải lên: 07/08/2014, 02:20

... terms of their purpose and explaining what this means to people’s lives or the organisation The principle of meaning is the subject of the next chapter, this chapter will tackle the principle of ... into the pipeline Our goal is to introduce one new project each quarter and bring one project to market each year In the case of the fictitious speech for the Minister on an overhaul of the UN, ... Trang 1have the sequence that feels right to you or makes the most sense to your audience What does such an outline look like? In the case of the article for the in-house maga-zine about the recently

Ngày tải lên: 07/08/2014, 02:20

... journey The writing process takes time, the circumstances tend to change and others who get involved have ideas of their own In other words: it is easy to get distracted and lose sight of the big ... which you build a roof: they strengthen the structure of what you are creating. If there is only one thing you remember after reading this book, it should be that the best kinds of business writing ... readers - Find the areas where the two overlap, emphasise the commonalities and address the discrepancies, taking into consideration your own goals and interests and those of the other party This

Ngày tải lên: 07/08/2014, 02:20

... clearly? First of all, be aware of the fact that the process of interpretation is terribly complex People interpret words in a variety of contexts, such as upbringing, society and the organisation’s ... will affect the organisation For example, the introduction of a performance-based pay system will change the way people are motivated and how they relate to each other Outlining the strategic ... see the logic of change This helps people understand the underlying business case and how it impacts their own plans and targets But winning the hearts of people, which is needed to get them

Ngày tải lên: 07/08/2014, 02:20

... outline Once the main structure of the text has been prepared, and the text meets the goals and needs of the project, you are free to add details Trang 3Structure helps readers to relate to the purpose ... spite of: ‘In spite of the performance of the Widgets Division, the CEO will not step down.’ Commonalities By emphasising what is common across two or more issues, you can build rapport with the ... example of this could be the following sequence of sentences: We are an innovative organisation [statement] Our customers regularly receive software updates [substantiation], as a result of which they

Ngày tải lên: 07/08/2014, 02:20

... identifying the essence of a story, the core of an idea, by formulating the executive summary of the executive summary That core might prompt wonder or disagreement, but there can be no doubt as to the ... language that is experienced rather than understood What you should look for, is whether there is harmony between the flow on the one hand and the content and structure on the other Probing your text ... production’ The next step is to help the reader by enumerating the steps: ‘First we’, ‘The second option’, ‘Thirdly,’ and ‘Lastly,’ These words are more effective when used at the beginning of sentences

Ngày tải lên: 07/08/2014, 02:20

... the organisation may know more about the subject - The Proofreaders: concerned with the technical quality of the writing in the final stages of the process Proofreaders fix spelling and grammatical ... edits to the flow of sentences or paragraphs Because they have not been involved in the earlier stages of the process, they bring a fresh pair of eyes and a critical mind to the process - The Designers: ... help the text to have significantly more impact - Silent Partners: copied in on draft versions of the text because of their posi-tion - often at higher levels of the organisaposi-tion - or their

Ngày tải lên: 07/08/2014, 02:20

... whether the text meets the criteria specified in the brief You are also waiting to hear whether the text is politically acceptable and whether the juicy bits will be cut out The principle of humility ... criteria: the strategic context of the organisation and the specific medium or event for which the text is developed As for the first criterion, you should not lose sight of the fact that the overriding ... of style and content left for discussion The two remaining things to do are to proofread the text and to get the Boss to sign it off As for the proofreading, it is best to have a fresh pair of

Ngày tải lên: 07/08/2014, 02:20

... unimpeachable refutation of the random walk hypothesis ever! As a trader coming of age in the latter half of the frenetic 1970s and the 1980s, The Alchemy of Finance was somewhat of a revolution- ary ... Foreword I and forecast the dynamic interplay between the participants in the process That is the brilliance of this book It describes the dy- namics of the path between points of extreme valuation ... annual gains of 35 .8% in the last seven years in spite of a setback in the crash of 1987 Quantum Fund has also spawned a number of offspring, some of which are doing even better than the goose

Ngày tải lên: 10/08/2014, 07:21

... fortunes of the companies is left out of account There is a clear parallel with the theory of price where the indifference curve determines the relative amounts consumed, and the possibility that the ... it from their theories We shall make it the focal point of our investigation The Concept of Reflexivity The connection between the participants' thinking and the situa- tion in which they participate ... to its proper order: the uncertainty in the subject matter first, the role of the scientist second The idea that there' is a fundamental difference in the subject matter of the natural sand social

Ngày tải lên: 10/08/2014, 07:21

... dynamism under the impetus of the newly industrialized cmrr- tries and the opening up of China Japan has been the greatest beneficiary of the present state of affairs Its position is almost the mirror ... stimulus of the budget deficit outweighed the drag of the trade deficit Economic activity is, of course, influenced by many other factors To bring them all into the picture would complicate the argument ... endangered is the level 'of economic activity The main threats to the stability of the Imperial Circle come from the trade deficit and the budget deficit The thin pillars of the arrangement are a

Ngày tải lên: 10/08/2014, 07:21

... grand- mothers as the appropriate source for the intervention. The grandmothers who participated in formative research developed the chitterlings cleaning method for their peers. Having the grandmothers ... by offering the audience benefits they want in return for making the desired behavior change. For example, you give them a sense of being cool and accepted by their peers if they give you themselves ... transmission?” The women in the focus groups identified hygiene breaks, either during refrigeration or during the long hours of cleaning the chitterlings, as the likely method of transmission...

Ngày tải lên: 18/02/2014, 02:20

... Global Association of Risk Professionals, Inc. (GARP™) does not endorse, promote, review or warrant the accuracy of the products or services offered by Your Portfolio101 of FRM related information. ... Association of Risk Professionals™, are trademarks owned by the Global Association of Risk Professionals, Inc. CFA Institute does not endorse, promote or warrant the accuracy or quality of Your ... requirements. These requirements are various, but it is usually having a bachelor and few years of professional experience in a finance related field. Once you pass the exams and the other requirements...

Ngày tải lên: 21/02/2014, 22:20