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Bad beat/Moan/Venting Thread - BBV Archive 1
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Originally posted by Icarus152 View PostHas anyone been to Sicily,specifically Trepani?
I could use a few tips on places to stay please.
Thats not much help to you tho !Pm for rakeback deals
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Originally posted by KevIRL View PostOn the final table of $10rebuy on ipoker if anyone fancies a rail. $4.5K gtd
currently 3/9 $1.2K ftw
"Remember the time he ate my goldfish? And you lied and said I never had goldfish. Then why did I have the bowl, Bart? Why did I have the bowl?"
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Originally posted by MegaSin View PostHave it up now but GF just asked me to come over to drink in her garden cause I have beer there
"Remember the time he ate my goldfish? And you lied and said I never had goldfish. Then why did I have the bowl, Bart? Why did I have the bowl?"
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Funny article that chimes with some of the anti barcelona sentiment that went around last week: http://www.guardian.co.uk/football/b...s-barney-ronay
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My sister is doing a masters in fashion buying and is struggling with two questions on the paper.
Would anyone take a look at them and maybe just do quick sample answers for me for both. I'll throw on a 25 quid bet for them on a bet of their choosing.
The questions are on investment projects (payback method and NPV method) and wage budgeting. I've googled them and have a bit of an idea, but she would definitely benefit from seeing the answers done step by step.
Thanks in advance.
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Originally posted by The C Kid View PostMy sister is doing a masters in fashion buying and is struggling with two questions on the paper.
Would anyone take a look at them and maybe just do quick sample answers for me for both. I'll throw on a 25 quid bet for them on a bet of their choosing.
The questions are on investment projects (payback method and NPV method) and wage budgeting. I've googled them and have a bit of an idea, but she would definitely benefit from seeing the answers done step by step.
Thanks in advance.
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Question 5
The following data is supplied relating to two investment projects, only one of which may be selected
Project Project A Project B
Initial capital Expenditure 260,000 207,000
Cash Inflows
Year 1 55,000 46,000
Year 2 96,000 84,000
Year 3 85,000 72,000
Year 4 60,000 51,000
Year 5 41,000 33,000
Estimated residual value 37,000 5,000
The cost of capital is 8% (Present value tables attached)
Required:
Evaluate each investment project using
the Payback method and
(ii) the Net Present Value (NPV) method (12 marks)
What recommendations would you make based on your analysis above? Give reasons (5 marks)
Outline the advantages and disadvantages of each of these methods of investment appraisal and state which of them is considered to be superior ( 8 marks)
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Question 6
Optimist Retailers operates four retail stores based in Dublin suburban shopping centres. The following staffing levels are standard for each of its stores:
Opening Hours
Mon/Tue/Wed (0900-1800 hrs) - 2 staff on duty at all times
Thurs & Friday (0900-2100 hrs) - 3 staff on duty at all times
Saturday (0900-1800 hrs) - 3 staff on duty at all times
Sunday (1200-1800 hrs) - 2 staff on duty at all times
Each store employs a manager who is rostered for duty for 40 hours per week and is paid at a gross rate of €20 per hour. Two full time employees are rostered for 40 hours each per week and are paid an average gross rate of €12.50 per hour. Part time staff are rostered for the remaining hours required to complete the weekly roster and are paid an average gross rate of €9.00 per hour. In addition the company budgets for Employer PRSI costs, employer pension contribution and holiday pay at 30% of the gross pay cost.
Store turnover levels:
Store 1 - Last year’s sales €17,500 per week – a 20% reduction is budgeted for this year.
Store 2 – Last year’s sales €22,500 per week – a 15% reduction budgeted for this year.
Store 3 – last year’s sales €15,000 per week – a 25% reduction budgeted for this year.
Store 4 – last year’s sales €21,000 per week – a 10% reduction budgeted for this year
Required:
Prepare a standard weekly wages budget ( 12 marks)
If the company has a target labour budget of a maximum of 18% of store sales, calculate the labour cost as a percentage of store sales for each store for last year and for the budgeted level for this year and comment on the results. (Assume that the rosters have not changed and gross wage rates are unchanged). ( 8 marks)
What proposals, if any, could be considered in order to contain labour costs within the targeted level for the coming year? ( 5 marks)
Total 25 marks
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Originally posted by The C Kid View PostMy sister is doing a masters in fashion buying and is struggling with two questions on the paper.
Would anyone take a look at them and maybe just do quick sample answers for me for both. I'll throw on a 25 quid bet for them on a bet of their choosing.
The questions are on investment projects (payback method and NPV method) and wage budgeting. I've googled them and have a bit of an idea, but she would definitely benefit from seeing the answers done step by step.
Thanks in advance.
I'll do that sample question out for her as well.
Pm me email addy if you want.Double-decker bus enthusiast
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Originally posted by DeadParrot View Postarse, things are blocked again
SPOILERForbidden
You don't have permission to access /forum/newreply.php on this server.
Additionally, a 404 Not Found error was encountered while trying to use an ErrorDocument to handle the request.
Apache/2.2.15 (Unix) mod_ssl/2.2.15 OpenSSL/0.9.8n DAV/2 mod_fcgid/2.3.5 mod_auth_passthrough/2.1 mod_bwlimited/1.4 FrontPage/5.0.2.2635 Server at www.irishpokerboards.com Port 80"you raise, i kill you" El Tren :{)
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Originally posted by NewApproach View PostC Kid I('m pretty sure) can do 5 but not 6. If you want me to do out q5 pm me...
Strange that I was helping out Hitchhikers (think it was him) Mrs on strategic management last Thursday, your sister with finance today. Anybody's mother looking for answers to and strategic marketing questions? I have that on Tuesday and am open to helping out daughters (once they are of legal age) with any tax related questions for Wednesday.Double-decker bus enthusiast
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Originally posted by tylerdurden94 View PostI sent him a pm awhile ago about it, he said he could but i tried again and was still getting that error message.People say I should be more humble I hope they understand, they don't listen when you mumble
Get a shiny metal Revolut card! And a free tenner!
https://revolut.com/referral/jamesb8!G10D21
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Originally posted by Rufio View PostHalf way through Q5, doing it on an excell sheet and well email it over to C kid in about five mins.
Strange that I was helping out Hitchhikers (think it was him) Mrs on strategic management last Thursday, your sister with finance today. Anybody's mother looking for answers to and strategic marketing questions? I have that on Tuesday and am open to helping out daughters (once they are of legal age) with any tax related questions for Wednesday.
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Originally posted by tylerdurden94 View PostYeah just seen that and Dom said he will make an announcement on it in a bit.People say I should be more humble I hope they understand, they don't listen when you mumble
Get a shiny metal Revolut card! And a free tenner!
https://revolut.com/referral/jamesb8!G10D21
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Nice score Kev!
BBV help required?
Mrs Ste05's Hen is next week and I've been asked to do up questions about us for a quiz they're having at it and I'm stuck on 10! Google only has questions that I answer and she has to see if she can match them instead of questions about us as a couple.
So does anyone have any ideas?
The questions I have ATM for ideas are:
What year did they meet?
What is childs Birthday?
Where was child conceived?
What is the full name of the town where they are getting married?
Where did they first sleep in the same bed together?
How many houses have they lived in?
Where was their first foreign holiday together?
How many pets do they have?
Any ideas??
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...Last edited by Hitchhiker's Guide To...; 22-05-10, 16:04."We're not f*cking Burundi" - Big Phil
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what does mrs ste call mr ste's willy?People say I should be more humble I hope they understand, they don't listen when you mumble
Get a shiny metal Revolut card! And a free tenner!
https://revolut.com/referral/jamesb8!G10D21
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Originally posted by Hitchhiker's Guide to... View PostPayback is just how long the project will take to pay back the money invested. So Project 1 is 3.4 years (260 invested -55-96-85 in first three years = 24 remaining. take the year 4 return of 60 and work out the percentage that 24 is of it = 0.4).
NPV involves discounting the future cash flows (with the residual value being added to the Year 5 inflow). Formula for this is (cash flow)/(1+r)^n where r is the discount rate of 8% and n is the number of years in the future, and ^ stands for 'to the power of'. So e.g. the year 4 cash flow will have a current value of 60,000/(1.08^4) = €44,101.79. The rule is that you bring all cash flows back to today's values and if the inflows are greater than the initial investment then it's a good investment. You would choose between the two Projects based on which has the higher NPV.
In this case Project 1 has an NPV of €37,893 and Project 2 has an NPV of €28,114, so we would go with Project 1 as our investment choice. Key thing is no matter what payback says we always go with NPV as it takes into account the fact that money in the future is worth less than money now.
Main advantage of payback is that it is easy to use and understand and thus used quite a bit for smaller investment decisions. But NPV is always the best method, even if it's a bit more complicated to calculate.
Know there are lists of advantages and disadvantages of each method, but don't have them near me at the moment to remember what they are.
EDIT: ah see a few of ye are doing the question. Will be slightly embarassed if wrong, given that I teach it!Double-decker bus enthusiast
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