...on this business venture, she will need to review potential profit/loss in the solar panel industry by considering future prospects for this type of business. Cindy also needs to decide whether she will invest her own funds or borrow the money to start the business. The imminent growth of the solar photovoltaic (PV) industry is almost certain. When observing the rising costs of coal and natural gas prices, the decrease of PV system costs, and the government support of solar technology, the PV market looks to have a significant increase in volume over the next few years. According to SolarBuzz, a website dedicated to Solar Power and Energy, The solar PV industry has reached a critical tipping point, with end-market demand hitting record levels almost every quarter. This growth is being driven by leading module suppliers and project developers that returned to profitability during 2013, and which have now established highly-effective global sales and marketing networks.” (NPD Group, Inc., 2013) The article also states that “demand in Q1’14 will also achieve record-breaking status, as the strongest first-quarter ever seen by the PV industry.” (NPD Group, Inc., 2013) The cost of production for solar panels has decreased significantly. “The average cost for tier 1 solar photovoltaic manufacturers is expected to fall 6% during 2014, continuing the downward trend set in place since 2008, bringing the overall cost to a record low of $0.20 per watt, according to the latest research...
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...FINANCIAL MANAGEMENT CASE STUDY: ARCADIAN MICROARRAY TECHNOLOGIES, INC. EXECUTIVE SUMMARY As an investment manager from Sierra Capital Partners, Rodney Chu is interested in purchasing a 60% equity interest of Arcadian Microarray Technologies, Inc., a biotechnology firm. The bid is currently at $40 million. The Arcadian’s managers have optimistic projections for their firms’ performance over the next 11 years. However, based on Sierra’s calculations, come up a much more conservative view. With the request of Mr. Chu, a fair bid price could be calculated along with any appropriate counterproposals. Appropriate steady state growth rates and terminal values would be included and explained. I. Objective The main objective of this paper is to exercise the terminal value of a firm. The other objectives are to acknowledge: 1. Concept of terminal value 2. Various terminal value estimators along with its advantages and disadvantages 3. The use of tax on terminal value 4. Assumption on liquidation 5. Forecast horizon for estimating terminal value 6. Constant-growth valuation model and its derivation 7. Fisher’s formula for estimating growth rate to infinity 8. Triangulation of a terminal value estimate. II. Analysis We could see in the case that the lessor was trying to understand the lessee’s point of view. Thereby, the lessee’s financing problem is the lessor’s investment problem. This perspective would be explained thoroughly...
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...An analysis was conducted on the financial statements of Custom Snowboards, Inc. for consideration of a 5-year-loan with our institution. Financial statement line items, risk assessments, and ratios were all examined with pertinent items that need to be considered are included in this report, and if granted the loan, can track the progress of the company’s ability to repay the loan. The financial statement line items of Custom Snowboards, Inc. were analyzed focusing on areas that were influential in determining the risk factors of extending a 5-year-loan to the company by assessing these bottom line issues: (1) the company’s ability to make money, profitability; (2) the company’s ability to pay it’s bills, liquidity (http://www.ehow.com/how_2317586_improve-liquidity.html), and in the meet long-term financial obligations and business longevity, solvency (http://www.ehow.com/info_8752952_solvency-accounting.html). Banks pay close attention to borrowing liabilities before granting a loan to evaluate the how much the company owes and who the existing creditors are. Liability trends are gauged to ensure the bank is not over-extending itself to its customers. Assets are a prime factor in a bank’s lending decision as it represents the resources the borrower has to generate cash to repay a loan. Short-term solvency is determined by the company’s existing assets. Bankers pay special attention to profits and losses to assess the company’s revenues in search of trends that can limit the...
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...JET 2 Task 3 Deborah U. Myers The definition of capital structure is a “combination of a company’s long term debt, specific short term debt, common equity, and preferred equity, the capital structure is the firm’s various sources of funds use to finance its overall operations and growth. Debt comes in the form of bond issues or long-term notes payable, whereas equity is classified as common stock, preferred stock, or retained earnings. Short-term debt such as working capital requirements also is considered part to the capital structure (The Free Dictionary, 09).” “A mix or a company’s long-term debt, specific short-term debt, common equity and preferred equity. The capital structure is how a firm finances its overall operations and growth by using difference sources of funds (Investopedia).” Basically Capital Structure is that the company should be able to manage the company with growth by using a combination of debt and equity for maintaining its financial status for survival. Debt is bond issues that are long-term notes payable, equity is common or preferred stock or retained earnings. Capital Structure is also known as debt-to-ratio equity ratio which will give a view of the company in terms or risk. Equity capital is moneys that are given and owned by shareholders. There are two types of equity capital: 1. Contributed Capital in which money invested is in exchange for company stock. 2. Retained earnings are the profits from past years that have been collected...
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...PV Technologies, Inc: Were they asleep at the Switch Chetan Khedkar EPGP roll number: EPGP-06-090 1) What could be the reasons for the unfavorable evaluation of PV technologies by Greg Morgan? >> For me there were 4 major reasons which lead for the unfavorable evaluation of PV technologies. • PVT had a competitor in the market in the form of BJ Solar's and SOMA energy products. BJ Solar's and SOMA energy products had their bid price lower than PVT. •Solenergy was committed to a renewed focus on expense control, and the upfront cost differential was significant. •Greg Morgan reasoned that enhanced maintenance schedule, coupled with a proactive quality control program designed to identify potential performances issues before they occurred, should compensate for the inferior performance characteristics of the less costly inverters. •While the enhanced oversight and extended maintenance schedule would raise operating cost, the lower net ownership costs argued in favor of selecting the lowest cost product. 2). Evaluate alternative course of action available to PVT to gain favorable evaluation by Solenergy for the Barstow Project? >> According to me the four alternative course of action available to PVT are: Scenario 1. PVT should offer warranty from 10 years to 20 years at internal cost. This type of offer was not given by any of the competitor. This type of offer would prove advantageous over the competitors who at present giving only 5...
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...Phase 5 IP Vanilla Stocks and Bonds Part 1 Bonds It has been established that it is crucial to be able to properly value a bond for finance. Two companies have been chosen to represent this action for this document Apple Inc. as well as IBM which are both in the technology sector and have long term debt, have bonds and also stocks available for sale. We are going to determine the length until maturity, the yield to maturity and then also the price of the bond today. While keeping this information in mind we can determine what time value of money illustrates about each bond. A credit rating has been assigned to each company and we can determine which company may be the better investment for the bank as well as the investor. In the end we can make an analysis to which bond may seem more attractive. Bonds play a critical role in the economy and it is important to understand just how they work as well as how to determine which investment is recommended for the individual buyer. As we have previously learned bonds can be issued by a corporation, government or government institution where the individual that is “lending” the money is the creditor and rather than owning part of the company as you would with a stock purchase. In this document we are going to take a closer look at corporate bonds. Why would a company issue bonds in the first place? In most cases a business will make this decision in order to borrow a massive volume of money for the purpose of possible developments...
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...Sui CHEN Rahul KAPADIA Geeth Geetha PANDE et Sébastien DANIERE How to produce electricity with solar energy? Renewable energy If our energy for the future only depended from the sun How to produce electricity with solar energy? -1- How to produce electricity with solar energy? Summary INTRODUCTION………………………………………………………………………………………………. 3 I) CURRENT SOLAR PHOTOVOLTAIC (PV) TECHNOLOGIES (by Sui CHEN) a) b) c) d) e) Preface………………………………………………………………………………………………………. 4 Solar energy map ……………………………………………………………………………………… 4 The cell basic construction………………………………………………………………………. 5 Material of photovoltaic cell ………………………………………………………………….... 6 Array design and sun tracking………………………………………………………………….. 7 II) SOLAR PANEL FOR BUILDING (by Rahul KAPADIA) a) b) c) d) e) f) g) h) i) Preface…………………………………………………………………………………......................... 9 Overview……………………………………………………………………………………………………. 9 Why are solar panels important……………………………………………………………….. 9 Solar panel arrays…………………………………………………………………………………….. 10 Account of daily producing power......................................................................... 10 Solar panel installation……………………………………………………………………………… 11 Precautions………………………………………………………………………………………………. 11 Battery system for solar panel……………………………………………………………………. 11 How many solar panels to recharge the battery…………………………………………... 12 III) APPLICATION OF SOLAR ELECTRICITY FOR COMMERCIAL BUILDING (by Geeta PANDE) a) Application...
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...lighting systems, wind turbines (small), DC lighting, CCTV Systems, PABX Communication systems, AVR, Inverters, Telephones, . • Service types: engineering • Address: 555 Raon st. (G. Puyat), Sta. Cruz, Manila Philippines • Telephone: 3097535 • FAX: 7401983 • Web Site: http://www.aceelectechcenter.com • E-mail: Send Email to Ace Electech Center AFMI. Global Phils. Inc. • Business type: distributor • Product types: LED lighting, solar electric power systems, batteries deep cycle, uninterruptible power supplies UPS, generators diesel, air filtering and purification system components, ESD and Conductive Tiles. • Service types: consulting, design, construction, engineering, site survey and assessment services, contractor services, maintenance and repair services, testing services • Address: P3 Aurora Building Alabang Zapote Road, Muntinlupa, Philippines Philippines 1770 • Telephone: 632. 738. 10. 80 • Web Site: www.afmiglobal.com • E-mail: Send Email to AFMI. Global Phils. Inc. • E-mail: Send Email to Akasya BPV, Inc. Asian Renewables Asianrenewables, specialize in the supply of renewable energy systems including solar modules and components into the Asian marketplace. We offer complete power solutions from pre-assembled...
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...UNIVERSITY OF SCIENCE & TECHNOLOGY Yemen – Sana’a ASSIGNMENT Marketing Management BMMK5103 Marketing Plan For: The Solar Energy Company Inc, Solar Energy Systems Table of contents 1.0 Situation / Market Analysis……………………………………………………………...........5 2.1 Company Background………………………………………………………….……..5 2.2 Mission, Vision, and Strategy……………………………………………………….. 5 2.3 Market Share………………………………………………………………………..6-7 2.4 Environment Analysis………………………………………………………………7-8 2.5 SWOT Analysis………………………………………………………………………9 2.6 Competition Analysis………………………………………………………………..10 2.7 Product Offered………………………………………………………………….10-13 2.0 Marketing Strategy………………………………………………………………………….14 2.1 STP (Segmenting, Targeting, Positioning) Analysis…………………………….14-15 2.2 Marketing Mix 4ps……………………………………………………………….15-17 3.0 Financial Projection …………………………………………………………………………17 3.1 Sales Forecast………………………………………………………………………...17 3.2 Break-even Analysis…………………………………………………………...…17-18 4.0 Implementation and Controls…………………………………………………………...……18 4.1 Controls………………………………………………………………………………18 4.2 Implementation…………………………………………………………………...18-19 4.3 Action Plan…………………………………………………………………….…….19 5.0 References……………………………………………………………………………………20 ...
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...PV StatuS RePoRt EUR 24807 EN - 2011 The Institute for Energy provides scientific and technical support for the conception, development, implementation and monitoring of community policies related to energy. Special emphasis is given to the security of energy supply and to sustainable and safe energy production. European Commission Joint Research Centre Institute for Energy Contact information Address: Via Enrico Fermi 2749 TP 450 21027 Ispra (VA) Italy E-mail: arnulf.jaeger-waldau@ec.europa.eu Tel.: +39 0332 789119 Fax: +39 0332 789268 http://ie.jrc.ec.europa.eu www.jrc.ec.europa.eu PV Status Report 2011 Research, Solar Cell Production and Market Implementation of Photovoltaics July 2011 Arnulf Jäger-Waldau European Commission, DG Joint Research Centre, Institute for Energy, Renewable Energy Unit Via Enrico Fermi 2749; TP 450 I – 21027 Ispra (VA), Italia EUR 24807 EN Legal notice Neither the European Commission nor any person acting on behalf of the Commission is responsible for the use, which might be made of the following information. The report does not represent any official position of the European Commission, nor do its contents prejudge any future Commission proposals in any areas of Community policy. A great deal of additional information on the European Union is available on the Internet. It can be accessed through the Europa server http://europa.eu/ JRC 64900 EUR 24807 EN ISBN 978-92-79-20171-4 ISSN 1831-4155 doi 10.2788/87966 The report...
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... | |Methods of Valuation for Mergers and Acquisitions: Arcadian Microarray Technologies, Inc. | |Written Case Analysis | Methods of Valuation for Mergers and Acquisitions: Arcadian Microarray Technologies, Inc. Case Summary The case is about a private equity investment of Sierra Capital Partners in Arcadian Mircroarray Technologies, Inc. Arcadian Microarray Technologies is a company of the gene diagnostics industry. In August 2005, Arcadian proposed to sell a 60% interest to Sierra Capital for $40 million. Its business consisted of two segments, which are DNA microarrays and human therapeutics. Sierra capital has $2 billion under management and a portfolio consistent of 64 investments. The managing director of Sierra Capital, Rodney Chu, bases his negotiation strategy on the assessment of Arcadian's economic value and structures the interest of Sierra Capital and Arcadian to create high incentives for the value creation. Chu determines the value of the investment through the terminal value, which is the value of a company at a specified future valuation date. In assessing Arcadian's value, Chu looked toward the companies Affymetrix, Inc. and Illumina, Inc. Simon will assist in the final stages of preparing for the negotiations and has seven tasks to perform, which are the 1. Presentation...
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...Cover Type B TO BE RETURNED AT THE END OF THE EXAMINATION THIS PAPER MUST NOT BE REMOVED FROM THE EXAM CENTRE SURNAME: FIRST NAME: _______________________ _______________________ STUDENT NUMBER: _______________________ _____________________________________________________________________ MID SEMESTER EXAMINATIONS SAMPLE 2 SUBJECT NAME SUBJECT NO. DAY/DATE TIME ALLOWED : : : : Corporate Finance 25765 Thursday, September 26, 2013 1.5 Hours plus 10 Min. reading time 6:00 PM – 7:40 PM Section B B B Q. 1 2 3 Marks /9 /10.5 /10.5 /30 Section B Total START/END TIME : Please mark your section below with an X. Papers without a marked section will not be returned in class. Mon 6 pm Tue 12 pm Thu 12 pm Thu 3 pm Tue 6 pm Thu 6 pm INSTRUCTIONS Attempt all questions. Total marks 60 (Part A: 30 (12× 2.5) marks | Part B: 30 marks). This is a closed book exam. A formulae sheet is attached at pp. 11-13. A rough work page is at p. 14. Section A: Answer part A on the computer scanning sheet. Section B: Answer part B in the space provided below each question. CF | 25765 SAMPLE 2 SECTION A: 12 MULTIPLE CHOICE QUESTIONS (30 marks) Choose the best answer among the choices provided. 1. Based on the period of 1926 through 2008, _____ have tended to outperform other securities over the long-term. (A) U.S. Treasury bills (B) large company stocks (C) long-term corporate bonds (D) small company stocks (E) long-term government bonds 2. An analysis...
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...absence of grid supply are now automatic choices in home grid-connected system. In urban areas, IPS (Instant Power Supply) system is being used massively to cope up with load shedding. Increasing interest and investment in renewable energy give rise to rapid development of high penetration solar energy. There are multiple ways to interface PV arrays with the power grid. Solar energy has become a promising alternative source because it has many advantages such as abundance, pollution free and renewability. The solar photovoltaic (PV) power will play an important role in alleviating the energy crisis and reducing the environmental pollution and has a bright prospect of applications. Due to the nonlinear relationship between the current and the voltage of the photovoltaic cell, it can be observed that there is a unique maximum power point (MPP) at a particular environment, and this peak power point keeps changing with solar illumination and ambient temperature. In recent years, a large number of techniques have been proposed for maximum power point tracking (MPPT), such as the constant voltage tracking (CVT), the incremental conductance (INC) method, the perturb-and-observe (P&O or hill-climbing) method (Basso, 2008). Perturbation and Observation (P&O) method has a simple feedback structure and fewer measured parameters (Feng, 2010). It operates by periodically perturbing (i.e. incrementing or decreasing) the array terminal voltage and comparing...
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...LG Electronics Inc. LG Electronics Inc. is a South Korea multinational electronics company which is also known as the global leader and technology innovator in consumer electronics. The LG Company was a merger of two Korean companies, Lucky and Goldstar, from which the “LG” abbreviation was derived. (Mariush,2012) The company’s headquarter is located in Yeouido-dong, Seoul and the flagship subsidiary of the LG Group. LG has a global sales of KRW (Korean Won) 54.26 trillion which is equal to USD 49 billion in the year 2011. The company operates its business with four business units: mobile communication, air conditioning & energy solution, home entertainment and home appliance. (LG, 2012) It has 75 subsidiaries operates around the world that design and manufacture its products. LG is the world’s second largest flat screen television-set maker after Samsung Electronics Co. (Lee, 2012) Home Entertainment The LG Electronics which is also known as the top global players in home entertainment produces flat panel displays, audio players, video products, monitors, commercial displays and security systems for the consumers and also the commercial markets. LG is not only focusing on creating full-features devices but it is also emphasizing on following the technology boundaries to improve the products. Mobile Communication LG has committed to provide the best ever user experience to expand the next generation of communication by inventing new technologies and innovative...
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...UNIVERSITY OF MARYLAND UNIVERSITY COLLEGE | The Impact of Cybercrimes on Organization Supply Chains | ASCM 630 Research Paper | TurnItIn Originality Score: 27% | April Dorsey | 4/1/2012 | The paper must follow APA format, be written on an approved topic related to the course, and include discussion of how the topic relates to Acquisition and Supply Chain Management. The paper must list and discuss a minimum of 10 scholarly references (other than websites and the textbook) with at least 5 references that are scholarly journal articles on the topic from UMUC’s online library databases. | ABSTRACT This paper will discuss the impact of cyber crimes on organization supply chain functions, and steps taken to improve supply chain security. Cyber crimes include, but are not limited to, piracy, implanting viruses, netspionage, and credit card fraud. During these times, it is getting easier and easier for computer hackers and frauds to gain access to confidential information from anybody. It could be passwords and social security numbers of individuals, to databases and network systems of large corporations. For businesses, the main supply chain areas at risk are the processes and controls for various departments, such as human resources, finance and accounting, procurement, and marketing. One of the processes at bigger risk is procurement. Majority of companies use other businesses outside their own, like manufacturers and distributors, as part of their purchasing...
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