'Tax cost' diaporamas de présentation

Determining Optimal Financing Mix: Approaches and Alternatives

Determining Optimal Financing Mix: Approaches and Alternatives. Pathways to the Optimal. The Cost of Capital Approach : The optimal debt ratio is the one that minimizes the cost of capital for a firm.

1.08k views • 68 slides

Review

Review. Principle of separation. Present discounted value the real investment. (equivalence). Decide whether to undertake it (optimization). Select the appropriate financial investment or disinvestment (optimization). Representation. switch and win or stay and lose. guess wrong.

792 views • 64 slides

ChApter 19

Trusts And Estate Planning. ChApter 19. What is a Trust?. Property. Benefits. Settlor. Trustee. Beneficiaries. Legal Ownership. Legal Vs. Tax. A trust is not a separate legal entity. Income Tax Act views a trust as a separate taxable entity. Trust Vs. Estate.

649 views • 55 slides

Outline: Chapter 22 Cash and Marketable Securities

Outline: Chapter 22 Cash and Marketable Securities. The Cash Management Function Reasons for holding cash Risk and return Cash Management Techniques Paper based versus electronic payment systems Speeding the inflows Controlling the outflows Interactions International cash management.

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Chapter 15

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Capital Structure and Leverage

743 views • 39 slides

Debt and Value: Beyond Miller-Modigliani

Debt and Value: Beyond Miller-Modigliani. Aswath Damodaran. Stern School of Business. The fundamental question: Does the mix of debt and equity affect the value of a business?. Different Value?. Different Financing Mix?. Debt and Value in Equity Valuation.

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Tax and Business Entities

555 views • 38 slides

New Public Management in the Transport Sector Nordic Transport Research Conference Oslo, Norway, 4th-5th September 2006

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The Value of Synergy

The Value of Synergy. Aswath Damodaran. Valuing Synergy. The key to the existence of synergy is that the target firm controls a specialized resource that becomes more valuable if combined with the bidding firm's resources. The specialized resource will vary depending upon the merger:

648 views • 35 slides

The Value of Synergy

The Value of Synergy. Aswath Damodaran. Valuing Synergy. The key to the existence of synergy is that the target firm controls a specialized resource that becomes more valuable if combined with the bidding firm's resources. The specialized resource will vary depending upon the merger:

568 views • 35 slides

CHAPTER 13 The Cost of Capital

CHAPTER 13 The Cost of Capital. Sources of capital Component costs WACC. Cost of Capital . The cost of capital represents the overall cost of financing to the firm The cost of capital is normally the relevant discount rate to use in analyzing an investment

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Cost of Capital

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Implementing PPACA: A Strategic Guide for Businesses

Implementing PPACA: A Strategic Guide for Businesses.

339 views • 24 slides

CHAPTER 3 Financial Statements, Cash Flow, and Taxes

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Lease Terminology

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Cost of Capital

Cost of Capital. What is the appropriate discount rate? Capital Structure involves the use of: Optimal Capital Structure:. Debt Financing. Cost of Debt:

251 views • 8 slides

Calculating Tax and Discounts.

Calculating Tax and Discounts. What is Sales Tax in our province. HST is 13% HST stands for Harmonized sales tax We add 13% to most goods purchased in stores. Example. A sweater costs $34.99. What is the after tax cost? $34.99 x 0.13 = 4.55 After tax price is $34.99+4.55 = $39.54.

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Chapter 11: Financial Leverage

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