...AC505 - Capital Budgeting Problem Data: Cost of new equipment Expected life of equipment in years Disposal value in 5 years Life production - number of cans Annual production or purchase needs Initial training costs Number of workers needed Annual hours to be worked per employee Earnings per hour for employees Annual health benefits per employee Other annual benefits per employee-% of wages Cost of raw materials per can Other variable production costs per can Costs to purchase cans - per can Required rate of return Tax rate Make Cost to produce Annual cost of direct material: Need of 1,000,000 cans per year Annual cost of direct labor for new employees: Wages Health benefits Other benefits Total wages and benefits Total annual production costs Annual cost to purchase cans Part 1 Cash flows over the life of the project Item Annual cash savings (make vs buy) Tax savings due to depreciation Total annual cash flow Part 2 Payback Period ($200,000 + $0)/ $58,351 = Part 3 Annual rate of return Accounting income as result of decreased costs Annual cash savings (before tax effect) Less Depreciation Before tax income Tax at 35% rate After tax income $26,351/($200,000 + $0) = Part 4 Net Present Value 3.4 years Before Tax Tax Effect After Tax Amount Amount $72,540 0.65 $47,151 $32,000 0.35 $11,200 $58,351.00 * Tax effect on Annual Cash Savings is 1 - tax rate * Tax effect on Depreciation is the tax rate $330,000 $72,000 $7,500 $12,960 $92,460 $422,460 $495,000 $200,000 5 $40,000 5,500,000...
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...Yes I recommend the acceptance of this proposal Explanation:- To evaluate projects we mainly analyze Net present value (NPV) As first preference and then Internal rate of returns (IRR) Net present value (NPV) :- The difference between the present value of cash inflows and the present value of cash outflows. NPV is used in capital budgeting to analyze the profitability of an investment or project. NPV analysis is sensitive to the reliability of future cash inflows that an investment or project will yield. NPV compares the value of a dollar today to the value of that same dollar in the future, taking inflation and returns into account. If the NPV of a prospective project is positive, it should be accepted. However, if NPV is negative, the project should probably be rejected because cash flows will also be negative. Supporting Note:- The present value (PV) of an amount to be received in the future is the discounted face value considering the length of time the receipt is deferred and the required rate of return (or appropriate discount rate under the circumstances). The notion of present value presumes that money has a time value—today 1 ;s dollar is worth more than the same dollar received at a future point in time—deriving from inflation, interest, and other considerations. This idea is used commonly when planning a capital budget. IRR:- The discount rate often used in capital budgeting that makes the net present value of all cash flows from a particular project equal...
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...Clark Paints Capital Budgeting Decision Clark Paints should consider making cans in house by purchasing new machine and recruiting 3 new employees. Supporting statements and cash flows are given in separate spreadsheet. Make or Buy Worksheet shows that company would save $72,540 per year if made instead of purchasing. Company should accept the proposal to make the cans. Annual Cash Flows, Payback period, Annual Rate of Return, Net Present Value and Internal Rate of Return statements support the decision of making cans. Annual Cash Flows Cash flow is defined as revenue or expense that changes cash account over a given period. Annual cash flows prepared assuming company would make paint cans and how much company would save based on this decision. Expected Annual Cash flows are positive for making the paint cans instead of purchasing. Positive cash flow of $58,351 per year does support the decision of making cans in house. Payback Period Payback period refers to the period of time required for the return on new investment to cover the original investment. Payback period for making cans in factory is 3.4 years or 3 Years and 5 Months. As per the given assumptions new machinery will serve the company to make 5.5 Million cans and based on company expectations of making 1.1 Million cans per year, machinery will serve company 5 years. Before the end of life of machine company would be able to recover original investment made on machine. Annual Rate of Return Annual Rate of Return...
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...as well as international and local customers to celebrate Jotun in China during the Expo Exhibition. Two new factories are under completion, new products are included in the portfolio, and the company is expanding into new regions. China seems to become more important in all segments of the global Jotun Corporation. Mr. Naglestad ponders about the future of Jotun in China, particularly his thoughts evolve around the following questions: 1. How to succeed further with Jotun in China? 2. Will “The Jotun Way” be a successful recipe? 3. How to balance the JV and the wholly owned activities in the future? THE JOTUN GROUP The Jotun Group is one of the world's leading manufacturers of paints, coatings and powder coatings. Its operations cover development, production, marketing and sales of various paint systems and products to protect and decorate surfaces in the residential, shipping and industrial markets. Jotun is represented on every continent by subsidiaries and joint ventures. The group comprises 70 companies in 39 countries, including 38 production facilities. In addition, Jotun has legal companies, agents, branch offices and distributors in more than 80 countries. In 1 Jotun took its name from Norwegian mythology and the Jotunheimen...
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...Hit List/Todo Out side: • All Window ledges Cleaned off • Handicap posts repainted yellow – need to buy spray paint and paint carefully not painting grass or sign • Front door Pepper Band – stay tuned for a cleaning instructions from Tim Carroll • Re-paint ground light and benches that need touch up with black paint. Spray paint in office. Front Door area: • Polish door handles and door threshold to a brassy finish. • Clean and paint foyer base boards (first area entered from front door) • Silicon fill holes where floor heater power source used to be. • Get door closer covers (mechanisms that help close the doors) • Install menu holders next to host stand with red (holds menus to be cleaned) and green (holds menus that are clean) stickers. • Dust above and around front door. Look above door. Need to point all lights towards the wall. Dining Room • All chair legs and backs completely clean • Replace plant (plastic) in duck (by 42) and pig (by drink station) • Detail all stainless in remote drink station and clean underneath. • High dust all light fixtures, speakers, vent covers, chalkboards, congruitied metal above tables and runners. • Dust vents and walls in men’s and women’s bathrooms • Fix all blinds that do not recede all the way up…..see Rick on how to • Detail all micros • Detail floors….black that runs along the baseboards. • Baseboards clean Bathrooms: • Detail doors. Clean all hand grease off front doors • Clean all...
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...Asian Paints Limited is an Indian chemicals company headquartered in Mumbai, India.[3] It manufactures a paints for decorative and industrial use. Asian Paints is India's largest paint company and Asia's third largest paint company, with a turnover of Rs 96.32 billion. Besides Asian Paints, the group operates around the world through its subsidiaries Berger International Limited, Apco Coatings, SCIB Paints and Taubmans. Asian Paints has acquired 30% stake in Dutch Boy Philippines from Berger International Limited (BIL), an indirect subsidiary of Asian Paints. Asian Paints executed a conditional stock purchase agreement relating to the sale of 427,000 shares of Dutch Boy Philippines, which ceases to be an associated company of BIL. Asian Paints, Ltd. (APL) has entered into a 50:50 new joint venture agreement with PPG Industries, Inc. (PPG), a US-based provider of paints, coatings and speciality products, to accelerate the growth of non-decorative coatings business in India. This is the second joint venture between APL and PPG. They currently have a 50–50 joint venture named Asian PPG Industries Ltd (APPG). APL and PPG have agreed that APL will take lead in the second venture, while PPG will take lead in APPG in order to utilise their respective strengths to best capture the growth in infrastructure development and globally driven markets in India. APPG currently services the Indian transportation coatings market and this change will expand its scope to additionally service...
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...Community art As I walk around my town and neighboring town, I find myself looking at all the older style buildings that are in great shape after all these years. I have come across a very large Victorian style house that has caught my eye numerous times while driving by. There is a stone outside with the house’s history stamped on it. This house was built in 1888 by the founder of Alma, MI. His name was Almy Wright. This was a mansion that he had built for his family. This 2 story wood structure is blue in color now and obviously has been repainted over the years. It has maroon colored trim around the window and eves. Picture, if you will, a huge mansion that sits in the center of town. This mansion has a big covered front porch on the front and has a Victorian classic feel. Windows are still the old wood sash style. I think the owner’s medium was that of what was available in those days. We have the Pine River that flows through the area that brought logs from Saginaw to Alma. Due to the other houses around this one being about the same, others built theirs in his likeness, or media. This house was one of the first built in the city and served as a home for the Wright Family. It was constructed by Detroit Architecture Firm and is still a very important house for the community. This house struck my eye for a few reasons. It’s a very large structure that is one of the oldest houses in Alma and that I am very interested in the Victorian style houses. ...
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...below. Please answer the questions in English and provide descriptive and complete answers. Also, write your responses in complete sentences. Complete your assignment on a Word document and upload your document. Do not write your responses in the "comment" section! 2. Record youself signing these dialogues, upload to youtube and post link here. OCCUPATIONS AND PROFESSIONS 1. What occupation does Chris have? Chris is a welder. 2. What occupation did Alex think that Chris had? Alex thought Chris worked PO. 3. What occupational experience has Chris had? List all. Chris’ work experience includes being a mechanic. 4. What occupations does Alex have? Alex works as a ASL teacher and also paints for a living. 5. What does Alex paint? Alex paints houses, buildings, and bridges. JOB ACTIVITY 1. Where does Lisa work? Lisa works at the Bank. 2. What does she do there? List all. She works with the computers , the checks, deposits, and types. She is a supervisor and has 3 subordinates under her. She helps if s problem shows up. 3. does she work days or nights? She works day. 4. What does her work week look like? (how many days and what are hours?) She works 4 days with a 10 hour straight shift and then has a 3 day break. WORK HISTORY 1. What does Pat do? She is retired. 2. What did he do before? List all. first she painted but didn't like it. Then she worked in print at washington post.The LA times hired her. 3. Alex said that...
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...Direct Care Experience Lead-Based Paint Poisoning This writer met with a neighborhood friend who has a 3-month old little boy named, Joshua Edward. This mother, Nicole, is a 19 year old, Caucasian, single mother who works full time at a grocery store as a clerk and attends a local community college with the intent of becoming a teacher. She will be entering her junior year of college this coming fall. Nicole was very interested in the information presented in the pamphlet regarding lead-based paint poisoning. She became very concerned due to the fact she is renting half of an older house and is unsure about how old this home is and if lead-based pain has been utilized. Nicole stated she would be making contact with her landlord the next day to further determine if her concerns are warranted. She explained that when she moved to her current residence, her and her family cleaned the home thoroughly from top to bottom and was told then that the walls had been freshly painted prior to her moving in. She did not recall any chipped paint and was relieved to recall that Joshua’s crib was purchased new for her prior to his birth from her parents. Nicole provided feedback after reading the pamphlet that included understanding and insight into how this type of poisoning occurs, how to prevent, and resources to further explore the subject. This writer allowed Nicole to utilize her IPad to review the websites and resources mentioned in the pamphlet to allow her to...
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...respect we, the undersigned students of BRAC Business School of Summer 15 semester have reported on a survey of the "Berger Paints Bangladesh Limited. It is important to note that the survey report is under the course of Management Principles and Practices. Though we are in learning curve, this report has enabled us to gain insight into the core fact of the Berger Paints Bangladesh Limited. It was an extremely challenging and interesting experience. Thank you for your supportive consideration for formulating an idea. Without your Inspiring this report would have been an incomplete one. Lastly, I would be thankful once again if you please give your judicious advice on effort. Yours’ sincerely, ACKNOWLEDGEMENT At first, we want to express our gratitude to Almighty Allah for giving us the strength, ability and opportunity to complete this report within the schedule time successfully. We would like to express our debt of gratitude to Lecturer, Mrs. Tanzin Khan, Department of BRAC Business School of BRAC University, who assigned us to prepare this report. Her valuable suggestions and important guidelines help us a lot to prepare this report. Moreover, her valuable instructions, constant inspiration, enormous patience contributed throughout the report. Our special thanks to Ms. Anika Shams the Officer of Human Resource Department of Berger Paints Bangladesh Limited (BPBL) who helped us a lot to provide with relevant and updated information of BPBL to prepare the survey...
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...| 84.353 W | 8/19 | 22.281 N | 84.690 W | 8/21 | 21.840 N | 85.023 W | 8/21 | 21.597 N | 85.138 W | 8/22 | 21.374 N | 85.337 W | 8/23 | 21.315 N | 85.561 W | 8/24 | 21.400 N | 85.867 W | 8/24 | 21.652 N | 86.059 W | 8/26 | 22.494 N | 86.634 W | 8/27 | 22.186 N | 86.900 W | 8/28 | 22.210 N | 87.627 W | 8/29 | 22.333 N | 87.884 W | 8/30 | 22.591 N | 87.789 W | 9/11 | 22.612 N | 87.933 W | 9/23 | 22.602 N | 87.965 W | 10/13 | 22.614 N | 87.956 W | 11/7 | 22.631 N | 87.862 W | 11/21 | 22.680 N | 87.992 W | 12/16 | 22.621 N | 87.903 W | 1/18/99 | 22.612 N | 87.874 W | 3/17 | 22.627 N | 87.877 W | Instructions: 1. Right click on the map and copy it 2. Paste it into a new “Paint” file 3. Use the paint brush function to put the points where they belong 4. You must put the date for at least half of the points. 5. When you are finished with your map, you can either copy and paste it back into the Word document and upload it to the assignment OR save it as a JPEG picture and upload it directly to the...
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...Analyzing Poem At first the only aspect that really stood out to me in the poem, I Shall Paint My Nails Red, was the acts of a woman talking about feminine things that woman like to do to change up their appearance. After thoroughly analyzing this poem I came to the realization that it was much deeper than that. Every line of this poem is a distinct statement filled with self-expression and confidence. I Shall Paint My Nails Red by Carole Satyamurti, takes the simple act of painting your nails and shows the meaning behind it. This poem hits home to me because painting my nails is something I enjoy doing with my grandmother. My grandmother has never gone a day without having her nails painted, and after reading this poem I understand why. To me, womanism is the main theme that Satyamurti is trying to portray in this poem and it is being shown through beauty, strength, and passion. Beauty can represent a numerous amount of things, and in this poem Satyamurti does a remarkable job at capturing the true meaning of beauty. “Because I am proud of my hands” (Satyamurti 2), after I broke this poem down piece by piece, the imagery in this line caught my eye. I relate the pride she takes in her hands after painting them to my grandmother and how I never see her go a day without having her nails painted. Although painting your nails is a simple thing, it makes you feel good about yourself. My grandmother walks with confidence every day and though it may not be just because of her nails...
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...USE OF CHLORINATED RUBBER PAINT FOR MACHINERY BILGES 1. Introduction:- Maintenance of machinery bilges has always been a challenge to the maintainer due to poor accessibility and unavoidable effects of running machinery such as spillage of cooling sea water, spillage of fuel, spillage of lub oil, high ambient temperature and drainage of hot water below feed quality (in case of steam driven machinery). Coal tar epoxy paint (CTE) has been in use in these bilges. However the expected life of CTE could not be achieved, in many cases, as stringent surface preparation standards (Grit blasting to Sa 2.5) specified for the paint system could not be achieved prior to application of CTE. Creating sufficient accessibility to undertake grit blasting in machinery bilges has also been found to be extremely demanding in terms of time and effort, even during an MR when the engine bearers are thoroughly surveyed. Hence it can be seen that the ideal paint scheme, for machinery bilges, would be one which can accept the standard of surface preparation achievable by means of manual methods, in poor accessibility conditions, typical of a machinery compartment, often with the vessel afloat. Paucity of time required for boxing up of refitted machinery, critical for undocking, often restricts the possibility of undertaking painting in machinery bilges during the docked time. Chlorinated rubber based paint applied by brush has been tried out as an alternative paint system. This paper is a report...
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...Final Image Preview ------------------------------------------------- The described effects look nice on portraits with good contrast and light background, but you can easy adjust the contrast and make the background lighter using possibilities of Photoshop. (to make this tutorial I have used Female Stock thanks to Katanaz-Stock). Step 1. In Adobe Photoshop, open our portrait ------------------------------------------------- and adjust the contrast Image>Adjustments>Brightness/Contrast ------------------------------------------------- ------------------------------------------------- Step 2. From the Select menu, choose Color Range. ------------------------------------------------- From the Select drop-down menu in the Color Range dialog, choose Shadows and click OK. ------------------------------------------------- ------------------------------------------------- Press Ctrl+J (MAC: Command+J ) to copy the selected shadows pixels in a new layer. Back to theBackground layer in the Layers palette. ------------------------------------------------- ------------------------------------------------- Step 3. Use Color Range again, but now choose Midtones from the Select drop-down menu and click OK. ------------------------------------------------- Press Ctrl+J (MAC: Command+J ) to copy the selected midtones pixels in a new layer. ------------------------------------------------- ------------------------------------------------- Step 4...
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...Bottom paints and bottom paints for boats Bottom paint is a covering applied to the lowermost point of a ship (hull) so as to get rid of growing organisms that may attach to the boat especially at the lower parts or to protect the metallic parts of the hull from corrosion. This is done to enhance the vessel's performance and sturdiness. Another added advantage is the improved contact between a free flow mass of water and the hull of a speedy boat enabling the boat to sail at a much faster speed. Modern bottom paints are composed of biocides (chemical substance that hamper growth of marine organisms), organotin compounds and lethal copper. Types of bottom paints SPC (Self polishing copolymers). It contains a resin known as SPC Copolymer. The chemical substance reacts with salt water and the result is the discharge of biocides in the entire life span of the bottom paint. The reaction takes place at any circumstance provided the vessel is in contact with salt water. Controlled Solubility Copolymers These types of bottom paints are partly soluble in water meaning it wears down when water passes across the exterior of the paint. The thickness of the paint reduces at a controlled pace resulting in the release of fresh biocide at the surface of the paint during its active working period. Ablative bottom paints A type of bottom paint that wears away with time when in use hence reducing the preparation and preservation needed when applying more bottom paints...
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