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**Angry-Ball** · 22-05-10, 13:45

Originally posted by phantom_lord View Post

lol i can't believe i just reported someone for trolling and spoiling my thread in the ct forum on boards.

god thats mad alltogether ted so it tis

**Angry-Ball** · 22-05-10, 13:59

what time is the rugby on today??

**tipp86** · 22-05-10, 14:10

Originally posted by Icarus152 View Post

Has anyone been to Sicily,specifically Trepani?

I could use a few tips on places to stay please.

Im currently in Malta for the week considering a day trip for €100 not sure if its worth the bother !

Thats not much help to you tho !

**The C Kid** · 22-05-10, 14:14

Take a bow Charlie Adam.

Play-offs are so good to watch.

**KevIRL** · 22-05-10, 14:15

Lively start to the play off final

**Icarus152** · 22-05-10, 14:17

Originally posted by tipp86 View Post

Im currently in Malta for the week considering a day trip for €100 not sure if its worth the bother !

Thats not much help to you tho !

Good stuff,enjoy it.

**KevIRL** · 22-05-10, 14:25

On the final table of $10rebuy on ipoker if anyone fancies a rail. $4.5K gtd

currently 3/9 $1.2K ftw

**bp_me** · 22-05-10, 14:35

Originally posted by KevIRL View Post

On the final table of $10rebuy on ipoker if anyone fancies a rail. $4.5K gtd

currently 3/9 $1.2K ftw

Whats the s/n?

**Angry-Ball** · 22-05-10, 14:35

Originally posted by KevIRL View Post

On the final table of $10rebuy on ipoker if anyone fancies a rail. $4.5K gtd

currently 3/9 $1.2K ftw

whats your sn

**KevIRL** · 22-05-10, 14:35

Originally posted by bp_me View Post

Whats the s/n?

KevIRL1

**MegaSin** · 22-05-10, 14:37

Have it up now but GF just asked me to come over to drink in her garden cause I have beer there

**KevIRL** · 22-05-10, 14:38

lol no worries, am distrerssingly card dead anyway

**Angry-Ball** · 22-05-10, 14:40

Originally posted by MegaSin View Post

Have it up now but GF just asked me to come over to drink in her garden cause I have beer there

aahhhh young love

**The C Kid** · 22-05-10, 14:41

This play-off final is awesome!

**KevIRL** · 22-05-10, 14:46

Brilliant stuff!

Could finish 6-5 this one

**Ace** · 22-05-10, 14:46

great championship game on atm, 3-2 to blackpool - would love to see them get promoted.

**Hectorjelly** · 22-05-10, 14:47

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

**Angry-Ball** · 22-05-10, 14:47

Originally posted by KevIRL View Post

Brilliant stuff!

Could finish 6-5 this one

you gotta think bigger kev

got you up atm looking good

**IPB Champ** · 22-05-10, 14:51

Cracking game so far, as to be expected! Hopefully theres a few more goals in it.

EDIT- GL kev ship it

**Ste05** · 22-05-10, 14:53

GL Kev!!

**Hooch** · 22-05-10, 14:54

nice turn Kev, gl

**Angry-Ball** · 22-05-10, 14:54

should have just open jammed that kev

but nh either

**6starpool** · 22-05-10, 14:57

You're sucking diesel now Kev as we say up the country. Nice 88 hand.

GL.

**The C Kid** · 22-05-10, 15:00

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.

**Ace** · 22-05-10, 15:03

Originally posted by The C Kid View Post

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.

I think a pic of your sister would have to be put up first

**Hitchhiker's Guide To...** · 22-05-10, 15:04

...

**The C Kid** · 22-05-10, 15:05

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)

**The C Kid** · 22-05-10, 15:06

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

**The C Kid** · 22-05-10, 15:07

Originally posted by Ace View Post

I think a pic of your sister would have to be put up first

Unfortunately if I did, there would be a queue of degens offering help amongst other things.

**Denny Crane** · 22-05-10, 15:12

At least hitch-hiker will only want to cuddle her!

**Hooch** · 22-05-10, 15:12

Originally posted by The C Kid View Post

Unfortunately if I did, there would be a queue of degens offering help amongst other things.

But it is help you are looking for so if a picture helps why not post

**72over** · 22-05-10, 15:15

Kev I'll ship you $5 if you KO that gobshite to your right

GLGL

**KevIRL** · 22-05-10, 15:16

Originally posted by 72over View Post

Kev I'll ship you $5 if you KO that gobshite to your right

GLGL

lol waiting my chance. I did have the A that time on the AAA flop

**Ace** · 22-05-10, 15:18

Originally posted by 72over View Post

Kev I'll ship you $5 if you KO that gobshite to your right

GLGL

shipping $5 to The C Kid for a pic of his sister would be a better investment imo

**tylerdurden94** · 22-05-10, 15:19

Anybody else like this after PacMan?

[ame]http://www.youtube.com/watch?v=ohvd2pMmoyY[/ame]

**cuterob** · 22-05-10, 15:23

time to hit the beer and bbq i think

**KevIRL** · 22-05-10, 15:23

Cheerio

**KevIRL** · 22-05-10, 15:25

urrrrrgh

**72over** · 22-05-10, 15:26

Originally posted by KevIRL View Post

Cheerio

Niceeeeeeeee, he was headache n a 1/2...pm me your details! TID

**Rufio** · 22-05-10, 15:27

Originally posted by The C Kid View Post

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.

I've a finance exam tomorrow, can ship you over some notes on investment appraisal if you would like. Don't have a clue about wage budgeting.

I'll do that sample question out for her as well.

Pm me email addy if you want.

**NewApproach** · 22-05-10, 15:33

C Kid I('m pretty sure) can do 5 but not 6. If you want me to do out q5 pm me...

**tylerdurden94** · 22-05-10, 15:36

Originally posted by DeadParrot View Post

arse, things are blocked again

SPOILER

I sent him a pm awhile ago about it, he said he could but i tried again and was still getting that error message.

**Rufio** · 22-05-10, 15:37

Originally posted by NewApproach View Post

C Kid I('m pretty sure) can do 5 but not 6. If you want me to do out q5 pm me...

Half 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.

**KevIRL** · 22-05-10, 15:39

meh 3rd for $450. Not bad, but should of been better.

Now to get some sun

**DeadParrot** · 22-05-10, 15:39

Originally posted by tylerdurden94 View Post

I sent him a pm awhile ago about it, he said he could but i tried again and was still getting that error message.

a little workaround there now

**NewApproach** · 22-05-10, 15:39

Originally posted by Rufio View Post

Half 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.

Right grand sure, C Kid has no need for two copies so I'll just let you do it! Probably better off anyway, my exam in it was on Monday, I've surely forgotten a fair chunk of it since then!

**tylerdurden94** · 22-05-10, 15:42

Originally posted by DeadParrot View Post

a little workaround there now

Yeah just seen that and Dom said he will make an announcement on it in a bit.

**Angry-Ball** · 22-05-10, 15:42

had to go away there

nice, 3rd place i see
what happened kev? cunts get it in bad against you and suked out

**KevIRL** · 22-05-10, 15:45

Originally posted by eight-ball View Post

had to go away there

nice, 3rd place i see
what happened kev? cunts get it in bad against you and suked out

JJ no good against A7 first up 3 handed. Then my A7 no good against Q10 a bit later

Ah well

**DeadParrot** · 22-05-10, 15:48

Originally posted by tylerdurden94 View Post

Yeah just seen that and Dom said he will make an announcement on it in a bit.

dunno if that is what he was talking about but I figured that might work

**shano_88** · 22-05-10, 15:51

Beat : Bangkok cancellled

Brag: Spain for 2 weeks booked today.
Variance: could be worse!

**Ace** · 22-05-10, 15:56

Originally posted by shano_88 View Post

Beat : Bangkok cancellled

Brag: Spain for 2 weeks booked today.
Variance: could be worse!

why you cancel?
just fly to the islands,

**mdoug** · 22-05-10, 15:57

Blackpool up

. Wanted it to be forrest but when they lost I was going for blackpool

Wondering how long until "pool" will refer to them instead of that shite other team

**Ste05** · 22-05-10, 15:57

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??

**Hitchhiker's Guide To...** · 22-05-10, 16:01

...

**shano_88** · 22-05-10, 16:01

Originally posted by Ace View Post

why you cancel?
just fly to the islands,

Wasnt just my decision.

**DeadParrot** · 22-05-10, 16:01

what does mrs ste call mr ste's willy?

**shano_88** · 22-05-10, 16:04

Next up Rugby!

**Rufio** · 22-05-10, 16:05

Originally posted by Hitchhiker's Guide to... View Post

Payback 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!

I got higher NPV's then you.... did you addback the residual value in year 5?

**Icarus152** · 22-05-10, 16:06

Originally posted by DeadParrot View Post

what does mrs ste call mr ste's willy?

I'll go for A) Mr Johnson.

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