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the_ian
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Name: Ian
Country: Canada
Birthday: 8/15/1985
Gender: Male
Expertise: eatin chicken wangs n' thangs
Occupation: Student
Industry: Business
Message: message me
Member Since:
9/28/2003
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| Finance Sample Final Question:
XYZ Corp is large profitable company with many assets, which
is analysing a potential project. The project will require investment in two
asset classes. There will be an investment of $80,000 in asset class A, which
has a CCA rate of 20%. At the end of the project this asset will be salvaged
for $40,000. There will also be an investment of $50,000 in asset class B. The
tax authorities require straight line depreciation over the life of the project
for this asset. This asset will have zero salvage value at the end of the
project, that is, in 10 years.
XYZ will have to invest in trade capital in the form of
inventory. A total inventory of $12,000 will be required for the project
immediately. The total inventory that XYZ will have to have on their shelves is
expected to be $18,000 in a year’s time. Thereafter inventory requirements are
not expected to change for the life of the project until the trade capital is
fully recovered at the end of the project life.
Sales during the first year are expected to be $85,000,
thereafter rising to $135,000 for each of the remaining years. Variable costs
are 40% of sales and annual fixed costs are $20,000. Assign all sales to the
end of the year, i.e. the sales in the first year of $85,000 occur at t=1.
Financing for the project will be through retained earnings
and a loan of $100,000. Interest charges for the loan will amount to $12,000
per annum payable at the beginning of each year. The capital portion of the
loan will be paid back at the end of the project.
At the end of the project tax deductible clean up costs will
be $15,000. XYZ has a tax rate of 40% and a required cost of capital of 15%.
Calculate the NPV. Should the project be undertaken?
My Answer:
...
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| Alright... I said I was done here, but this injustice that has struck me today is just too much. My case must be heard.
Court Case
I. Pham v. EasyPark Inc.
Case Summary:
Mr. Pham discovers a "Notice of Violation" placed on his white 2004 Toyota Corolla CE with the B Package (the one with no power windows) which claims he did not purchase said ticket and procured it through unscrupulous means. Mr. Pham denies this and presents evidence so as to refute EasyPark Inc.'s claim and confirm its douchebaggery.
Defendant Claim:
So I drove to work this morning (arriving at around 11am-ish) as a result of the hurricane like conditions and proceeded to park at the EasyPark garage near my office. I purchased my parking ticket from the ticket dispensing machine: $7.00 for all day parking, via the President's Choice Financial MasterCard (the one with no annual fee). I place the ticket on my dash and head to my office. Once my 8 hours of work has be completed, I go back to my car to find the ticket on my window.
Plaintiff Claim:
*Exactly as stated on ticket*
"person was seen buying a ticket from somone"
Defendant Rebuttal:
This claim is ludicrous. Not only do I have DEFINITIVE proof that I've purchased my parking ticket through the standard regulatory means, but I ALSO have an explanation as to how this is a blatant mistake.
Exhibit A: Mr.Pham's President's Choice MasterCard Statement
- Statement information is current as of "Nov 24, 2006 04:40:08 CST", however, purchases made the day of or prior may take a day or so to process in the online banking system. Official description states: "It typically takes up to 24 hours before a transaction appears here. -Pcfinancial.ca"
- Notice my history of purchasing EasyPark tickets. Yes I'm an idiot for not bussing and paying $7 to park often, but I firmly claim that I only do so on gloomy days. And November 23, 2006 was a gloomy day.
- QUESTION 1: Why would I suddenly decide to go buy a ticket off a stranger, when my past history indicates me routinely feeding money into the machine? That's very uncharacteristic of me.
- QUESTION 2: Assuming said stranger was a bum (which is a safe assumption because bums are known to sell parking tickets in this area and no respectable, well-off person would try to sell his parking ticket to a young asian dude), bums scare the shit out of me...but if they're selling a parking ticket for a fraction of the cost I'm all of a sudden fanning myself in excitement? I don't think so. I'm just as prejudice and fearful as ever.
- ASSERTION: Once the transaction has been put through the bank system, it will show up as a parking ticket purchased at EasyPark on November 23, 2006.
- QUESTION 3: Why does this statement show up? If i had truly obtained this ticket from a scraggly old hobo then this item should not appear on my statement.
- Possible Rebuttal: "You bought TWO tickets that day! One from the hobo and one from the machine! AHA!"
- REFUTATION: Why the HELL would I buy TWO tickets? Please explain that one. It doesn't look nice or anything...and it would be hard to drive 2 cars at the same time if thats your next claim. Also, the ticket on the dash (the bum-purchased ticket) has an expiration of 23:15, so there would be absolutely no need for me to purchase any additional tickets.
Exhibit B: The parking ticket
- The ticket indicates a purchase date and time of 23/11/2006 | 11:15 and an expiration of 23/11/2006 | 23:15
- The timestamp indicates a purchase time of 11:15, which coincides with my beginning testimony of arriving around 11am-ish.
- "Credit Card Number" has a sequence of numbers that match exactly my PC Financial card number. (for security purposes I will not post that up...duh)
- QUESTION 4: How do you explain the sequence of numbers that match up with my PC Financial card?
- Possible Rebuttal: Those numbers could mean the number of tickets printed out!
- REFUTATION: Does "Credit Card Number" not really mean "Credit Card Number" ? Does it mean..."Numbers that I <3?" or "Completely Random Numbers"?
No.
Besides, each ticket has a number PRE-PRINTED on the paper, indicating which number it is. You can SEE the print marks the machine made for the timestamp and card number.
Therefore, this is not a coincidence nor a misread number.
EXPLANATION: A few stalls away from me, there was a WHITE honda civic, parked in the same fashion as I (face in). The patroller that day witnessed the owner of the CIVIC do the deed and mistook my white corolla for the REAL evil doer's car.
And the rest is history.
Conclusion:
I am seeking the absolution of my whopping $30.00 violation amount. As well as pain and suffering in the amount of $16.4 billion (I will settle for a bag of Ms. Vickies' Honey and Garlic chips and some corn nuts).
I trust that the judge can see my case and grant me justice.
Oh yea, for new Hip-Hop, Rap and R&B jamz, hit up www.freshjamzonline.com!
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| Farewell Xanga
It has been a long ass time since I've touched this page....and today
will be more of an awkward, yet emotion-filled pat on the back, rather
than a full caressing massage.
Along with a few other talented individuals, I've started an endeavour
that will ultimately lead to my demise in the Xanga community.
It's been a wild ride...the highs...the lows....the mediums....the medium-lows....it was all good.
But I have a dream, like many of you out there...not the one where a
killer is chasing you and your legs feel heavy as a sack of
oranges....or the one where you receive tons of gifts and feel almost
euphoric, only to wake up to the sad giftless world that is your
life....but a DREAM dream.
Yet out of the ashes rises a new......non...ash-like.....thing.......a
true labour of love and something to keep you guys entertained during
my absence...
I bid you adieu my friends.
Love,
Ian <3
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| Since ive already described momma pham pretty comprehensively over the
past entries...I thought it might be nice to describe the other
influential women in my life.
1.Kimberly, the Pink ranger
Ah yes..the girl ranger...the one designated the least manliest of
colors. You've shown me that girls must implement gymnastics
while battling myriads of clay henchman, in order to be combat
effective. You've also shown me that girls get designated the
shittiest of Zords when battling a Rita-enduced-gargantuan monster (A
fucking pterodactyl?? Thats sure to send chills down Shark monsters and
Serpent Beasts alike.). Most of all, you've given me a gateway to
entice members of the opposite sex to play with me and the fellas at
recess.
Us: uh....you wanna play power rangers with us? you can be the pink ranger
Girl : AHmmmmm ...Pink??.........OK..i like pink
Us: sweet......sweet.......
2. Mrs. Butterworth
Never have i seen such a stronger woman; She's literally short and
sweet. I've based my whole ideology of breakfast on Mrs.
Butterworth. Pancakes, eggs, sausage, orange juice AND
milk...picture perfect with my stack of pancakes drizzled with Mrs.
Butterworth's essence...with that square of butter partially melted on
top. When mom would see I'm running low on my flapjacks she'd
come outta nowhere with a fresh stack and flop them ever so delicately
onto my plate...and they'd bounce because they were oh so fluffy...
Of course the reality is nothing like this at all. It's more so
leftovers from some asian dinner 2 days ago with a note saying
"remember to eat froot -luv moom"
-- But thank you for the dream Mrs. Butterworth....
3. Mrs. Grundy
Thank you Mrs.Grundy for scaring the shit out of me in elementary
school. I thought all teachers were going to be like you; Old,
covnentional, traditional...hair like a judge..dressed in what looks
like curtains...I didn't want to get on somebody like her's bad
side. Mrs. Grundy seemed to still be in the era where whipping
children for giving the wrong answer was ok, and
encouraged. I studied my ass off for the day my teacher
would ask me what 5 x 6 equals. the answer is 30 mrs.grundy. 30
(dont hit me).
4. Kelly Kapowski
Oh Kelly...you were my dream girl...I believed you to be
the DEFINITION of what highschool girls were all about. Caring,
nice, sweet, innocent, hardworking, hot as hell, head-cheerleader,
dreamed of becoming a model, started a band with your 2 other friends
but had to stop because one of them was abusing caffiene pills,
yes..truly representative of all the highschool girls out there.
You are the bar I set my romantic interests to, and although your
career has taken you on some..questionable paths...I still adore you.
GOOOooooooooo BAYSIDE!
5. Sandy and Serena
What can I say? you girls have shown me what REAL girls are
about. No gymnastics, no ideal breakfast images, no curtain
dresses, and no head-cheerleaders...just friendship. In fact its kind of a rip off.
Plus you guys dont look as sultry as Mrs. Grundy...
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| I've been fucking sick since February 11th, 2006. I know the date
because it was the day after that craptacular "slumber party" event at
Cyber. I had to leave work early cuz my throat was killing me and
i felt the demon enter my body when i came home.
Momma pham's response? YOU NOT DRING ENUP WADUR!
That's her response for everything that goes wrong in my life. I
didn't drink enough water. I swear I've heard that a million
times throughout the duration of my life.
Everytime im godamn sick momma pham has these weird ass remedies that she claims to work. "DRING A WADUR WEET DA LEMON AN HONEY" ok that one works pretty well, but only to RELIEVE the pain, not erradicate the sickness.
Another remedy is to eat chopped up garlic. MY FREN EAT A GAHLIC AN SHE DUN NEED TO GO TO DOKTA...THEY GIVE HER ANTIBIOTIC AND SHE DON TAKE! SHE EAT A GAHLIC.....GAHLIC!
So momma pham chopped up some garlic and forced me to eat it. By
"eat" i mean swallow, and by "it" i mean whole. This didn't do
jack shit but make my breath smell like ass. Her response? LEESEN TUTI...IT HEWP...JUS DRING A WADUR AND EAT AGAIN TOMROW.
The most messed up remedy is a chinese one. She takes a spoon, some green chinese Eagle brand oil, and scrapes my back. She says, SEE?? ISS RED! NO WUNDER YOU SICK!
I'm no doctor...but scraping my back with a spoon has GOT to yield
redness...no matter what state of health I'm in. ODDLY THO...this
shit works...I have no idea how...but it relieves the fever....wierd
shit...
Momma pham took it too far tho, she started scraping my forhead and in
between my eyes so i would be relieved of a headache. Now i have
a red-ass mark right in the middle of my forehead. Its been there
for about 2 days and I look like a jackass.
So if you see me sometime this week ...you'll know why I look like a devout hindu.
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