Midland Executive Summary Essay examples

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Midland Energy Resources, Inc: Cost of Capital

Executive Summary: In order to estimate cost of capital, data was utilized from Midland’s financial statements, Standard & Poor’s ratings, Treasury bonds, and comparables. Cost of capital for Midland’s consolidated company and the three divisions, Exploration & Production (E & P), Refining and Marketing (R & M), and Petrochemicals were calculated to be 8.61%, 8.57%, 9.62% and 6.06%, respectively. A marginal tax rate of 35% and a market risk premium of 5.1% were applied to all divisions. Comparables of were used for E & P, R & M, and company. for Petrochemicals was calculated based on weights of debt and equity and on of the other divisions and company. The difference in WACCs suggests that it is beneficial to separate divisions for investment decisions, especially related to the Petrochemicals division. The cost of capital is highly dependent upon the weight of debt and equity. Higher debt yields lower cost of capital which is more desirable than higher equity as the cost of capital increases with equity. Return on equity and debt had little to no effect on the cost of capital, but the return on equity is highly dependent upon the beta of both assets and equity (assets is dependent upon equity, therefore it follows that assets affects the return on equity). In conclusion, the WACC has been determined for consolidated and divisional areas of Midland to be utilized in the capital budgeting

An Overview Of Public-Private Partnership In The Health Industry

Executive Summary This report defines public-private partnership and its key schemes, and the benefits and problems associated with the realisation of its project in the health industry by analysing such existing projects. Derby Hospital NHS Foundation Trust used as an example to evaluate leadership, sustainability and employability qualities in healthcare. The report draws attention to the fact that in the UK, the government prefers to embark on PPP/PFI project rather than finance them using government…

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Report On Summer Tasks Security And Ass Essay

A report on the summer tasks on the Audit Information Systems Security and Assurance Priyanka Munipalle 9057-90172 Contents Executive Summary 3 Tasks 4 Issues identified 5 Appendix A 7 Executive Summary As a part of my summer course on Auditing Information Systems Security and Assurance, I was in charge of several tasks along with my internship on Data Assurance with one of the Big Four firms. This report is a collection of all the issues that were identified by me…

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Analysis Of Email Marketing

Contents Executive summary Introduction 3 Findings & Analysis 4 1. Passengers’ satisfaction declined 4 2. Passengers’ satisfaction in peak time were higher than in off –peak time 5 3. The facilities that most and fewest passengers were satisfied 6 4. Staff services satisfaction improved 7 Conclusion…

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Essay about London Economy Report

Has London become a more or less unequal city over the last 30 years? Executive Summary London has become one of the most attractive cities in the world and in the 1970s, when the Bretton Woods was established; London was named the financial city of Europe (Cobham, 2012; Story and Walters, 1997; Fichtner, 2007). Most of London’s financial establishments were doing business in the capital. The attractions in London have made people want to move to the city and it has made the London…

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J Sainsbury - Financial Performance of Last 5 Years Essay

1. EXECUTIVE SUMMARY J Sainsbury plc is a UK based company, into grocery, related retailing an financial services business. The study is primarily to do financial assessment of this company and its performance relative to its peers and industry. Seeing the last 5 years report, it is evident that company was in a bad share 3 years ago, and now its in the stage of recovery. Starting 2004, there has been a major change in the board, as well as management. Since then company has taken several large…

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Take Panes Ltd 1 Essay

HOPWOOD HALL COLLEGE EDEXEL Professional Certificate in Management Studies Level 5 Unit 6: Managing Activities For: Neil Warren, Chris Townsend Prepared by: Izabela Kadziolka Date: 21/02/2010 TABLE OF CONTENTS 2 INTRODUCTION AND EXECUTIVE SUMMARY 3 1. Problem identification 4 1.1. Lack of motivation amongst the Take Panes employees 4 1.2. Lack of communication between employees and management 4 1.3. Lack of organisation 5 1.4. Lack of planning…

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Essay on Clifton Industries

manufacturing capabilities, but are clearly and consciously kept apart one from another in terms of products manufactured (see Exhibit 4). To foster this segment of its total business, Berbeck Industries has for some time now had a main board director with executive responsibility for its aerospace companies. In the last 10 years, the group has taken over three U.S. aerospace companies, as much to gain firsthand knowledge of how to enter North American markets as for anything else. In this and in other ways…

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BRAND MANAGEMENT PROJECT FINAL COPY Essay

Brand Management Bovril by Aric Chan Bilyana Grigorova 12BSB105 Brand Management Lecturer: Brian Searle Loughborough University School of Business and Economics 24 May 2013 Contents I. Executive summary.......................................................................................3 II. Introduction..................................................................................................4 III. Methodology...............................................…

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Izzy Asper Essay

Canadian History Term 1 Review Chapter 1 The First People's Part I First Migrations BCE: Before Common Era CE: Common Era World Migration: 1. Out-of-Africa Model * Most accepted * Single origin in Africa 200 000 - 150 000 years ago * Homo erectus: * Evolved in Africa 1.8 million years ago * Migrated out * Became isolated * Direct link to homo sapient * Extinct about half a million years ago * Homo sapient:…

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School Registration and Fees Payment System Essay examples

Development and Assessment of Well Control Procedures for Extended Reach and Multilateral Wells Utilizing Computer Simulation by Dr. Jerome J. Schubert, Texas A&M University Dr. Jonggeun Choe, Seoul National University, Korea Mr. Bjorn Gjorv, Texas A&M University Mr. Max Long, Texas A&M University Final Project Report Prepared for the Minerals Management Service Under the MMS/OTRC Cooperative Research Agreement 1435-01-99-CA-31003 Task Order 85222 Project Number 440 December 2004 OTRC…

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