... Cost of Capital
Principles of Corporate Finance
Brealey and Myers Sixth Edition
Chapter 2
41
Short Cuts
w Sometimes there are shortcuts that make it
very easy to calculate the present value of ... Financial Officer
Comptroller
Treasurer
22
Opportunity Cost of Capital
Example
You may invest $100,000 today. Depending on the
state of the economy, you may get one of three
possible cash payoffs:
140,000110,000$80,000Payoff
BoomNormalSlumpEconomy
000,110$
3
000,140000,100000,80
C ... Years
FV of $1
10% Simple
10% Compound
20
Rate of Return Rule
w Accept investments that offer rates of return
in excess of their opportunity cost of capital.
Example
In the project listed below,...
... financial equivalent of this hackneyed
expression is: Diversify the assets you hold; don't hold just a few stocks or
bonds- buy a porfolio.
Simmon Benninga, PrinciplesofFinance with Excel
accounting ... inflow) .Finance has to do with
correctly dealing with this time dimension of cash flows.
Principle 4: Know how to compute the cost of financial alternatives
Financial alternatives are often bewildering: ... Excel
accounting data to their cash equivalents. Much offinance involves first
translating accounting information into cash flows.
Principle 3: The time dimension of financial decisions is important
Many...
... HỮU RU MSSV:08520582
-TRƯƠNG VĂN VĨ MSSV:08520470
Sau đây là bài dịch chương II trong sách Principlesof Digital Communication Systems and
Computer Networks” của nhóm em.
Phần I – Các hệ thống ... trọng cho mỗi kỹ sư truyền thông.
Tài liệu tham khảo
C. E. Shannon. "A Mathematical Theory of Communication." Bell System Technical Journal, Vol. 27,
1948.
Tất cả các kỹ sư truyền thông ... Shannon đặt nền móng về lý thuyết thông tin năm 1948. Cuốn sách của ông “A Maththemathical
Theroy of Communication ” (Một lý thuyết toán học của sự truyền thông tin) được xuất bản trong Tạp chí...
... through the process of induction of differentiation of cancer stem cells into cells
of low and basic functionality.
This concept would imply reorientation of current treatment principles from cellular ...
dynamical system following the principlesof organized
complexity; stable boundaries depend on the efficacy of
resetting mechanisms. Outside of the boundaries of a
well-functioning system’s ... of putative stem/progenitor cells in the neurogenic
region of the hippocampus. Neurobiology of Aging. 2006; [Epub
ahead of print]
Int. J. Med. Sci. 2007, 4
164
International Journal of...
... Underlying such failures is often a lack of understanding of some of the
key principlesof service marketing and management.
Technological change affects many other types of services, too, from ...
viewed as a form of theater
=^> recognize the potential role of
customers as coproducers of services
=4=> appreciate how new technologies
may offer alternative ways of creating
and ... portion
of a nations economy
represented by services of all
kinds, including those offered
by public and non-profit
organizations.
FIGURE 1.1
Services in the U.S.
Economy: Share of GDP...
... veil of ignorance would be
to maximize the average utility of members of society, and the resulting notion of
justice would be more utilitarian than Rawlsian.
LIBERTARIANISM
A third view of inequality ... total amount of income—
$100,000 in our example—were fixed. But, in fact, it is not. Utilitarians reject com-
plete equalization of incomes because they accept one of the Ten Principles of
Economics ... arise
out of the voluntary exchanges and actions of persons.
Whereas utilitarians and liberals try to judge what amount of inequality is desir-
able in a society, Nozick denies the validity of this...
... complex
impression of a ball, which is there, in our hand, is the resultant of optical impressions of touch,
of muscular adjustments of the eye, of the movements of our fingers, and of the muscular ... ambiguity of situation.
If one of the hairs of our head be pulled, we are pretty accurately sensible of the direction of the
pulling by the movements imparted to the head. [45] But the feeling of ... the form of submitting a certain number of printed
THE PRINCIPLESOF PSYCHOLOGY
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16
The acuity of vision was increased, so that letters too far off to...
... Teaching Program
2005-2006
Lecture Notes 3
Income Statement
Nguyen Bao Linh 1
Principles of Accounting
Principles of Accounting
Fulbright Economics Teaching Program
Ho Chi Minh City, Vietnam
Academic ... Statement
Nguyen Bao Linh 7
Principles of Accounting
by Nguyen Bao Linh
Adjustments to the Accounts
Adjustments are made through the adjusting
entries at the end of each period
The purpose of adjustments ... Bao Linh 11
Principles of Accounting
by Nguyen Bao Linh
Depreciation Expense
Suppose that the office equipment is
depreciated under the straight-line method and
has a usable life of 5 years...
... cutting back on the luxury of meat
and buying more of the staple food of potatoes. Thus, it is argued that a higher
price of potatoes actually raised the quantity of potatoes demanded.
Whether ... effect on
labor supply of winning such a large prize is substantial.
Similar results were found in a study, published in the May 1993 issue of the
Quarterly Journal of Economics, of how receiving a ... supply is strong comes
from a very different kind of data: winners of lotteries. Winners of large prizes
consumption rises. Yet the response of leisure to the change in the wage is differ-
ent...