that Ocean Carriers is a U.S. firm subject to a 35% statutory (and effective) marginal tax rate. Second‚ assume that Ocean Carriers is domiciled in Hong Kong for tax purposes‚ where ship owners are not required to pay any tax on profits made overseas and are also exempted from paying any tax on profit made on cargo uplifted from Hong Kong‚ i.e.‚ assume a zero tax rate. Answer With 35% tax in the US we have a negative NPV of 35% hence recommended not to proceed with the project. If Ocean carriers
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------------------------------------------------- Frank Ocean Christopher Francis Ocean (born Christopher Breaux; October 28‚ 1987)‚ better known by his stage name Frank Ocean‚ is an American singer-songwriter from New Orleans‚ Louisiana. Ocean’s early career was as a ghostwriter for artists such as Brandy‚ Justin Bieber‚ and John Legend. In 2010‚ he became a member of alternative hip hop collective OFWGKTA‚ and his debut mixtape‚ Nostalgia‚ Ultra‚ was released the following year to critical acclaim
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ACCT 805AE Case 4 Ocean Manufacturing‚ Inc The Osprey Group Feb 21‚ 2011 Q1. The client acceptance process can be quite complex. Identify five procedures an auditor should perform in determining whether to accept a client. Which of these five are required by auditing standards? First they should gather and examine all available financial information‚ such as tax returns‚ annual reports‚ the balance sheet‚ and income statement. This should be done so that the audit firm can do a quick initial
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Background Ocean Carriers Inc. is a shipping company specializing in the operation of capsizes bulk dry carriers. In January 2001‚ Mary Linn‚ the vice President of Finance for Ocean Carriers was evaluating the purchase of a new capsize carrier for a three years lease proposed by a motivated customer. The leasing contract offers very attractive terms‚ but no ship in Ocean Carrier’s current fleet met the customer’s requirements. In addition‚ this proposed contract is only for three years. Therefore
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MORE THAN 250 WORDS ON AMBIGUOUS ADVENTURE AND BLACK SKIN‚ WHITE MASKS. Ambiguous Adventure written by Cheikh Hamidou Kane talks about the life of Samba Diallo and his “adventure” which brings change to himself as well as his people. Black Skin‚ White Masks is written by Frantz Fanon and is criticizing the outlook of black people on themselves as well as how they see others. In the paragraphs below my response about the two books will be given. Ambiguous Adventure has education as a key theme. It
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Ocean Acidification | October 29 2011 | [Type the abstract of the document here. The abstract is typically a short summary of the contents of the document. Type the abstract of the document here. The abstract is typically a short summary of the contents of the document.] | Environmental Chemistry | Table of Contents Appendix 4 Appendix 1 5 Appendix 2 5 Appendix 3 5 Appendix 4 5 Appendix 5 5 Appendix 6 5 The concentration of greenhouse gases in the atmosphere has risen from
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Sea Pollution The pollution of the ocean is rapidly becoming a crucial problem on Earth. The major causes of sea pollution are oil spills‚ toxic waste‚ and dumping of other harmful materials into the ocean. This pollution will directly affect the living organisms in the ocean and indirectly affect human’s health and resources. We‚ as humans‚ should learn more about these in order to have the knowledge on how to solve this problem effectively. Oil spill is perhaps the most publicly acknowledged
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Ocean Carrier Case Study Summary In order to accept the recently submitted leasing contract proposal‚ Ocean Carriers would have to purchase a new ship. The purchasing of a new ship is a considerable investment. We have analyzed whether or not Ocean Carriers should make this investment using Free Cash Flow and Net Present Value (NPV) analysis. Given the details of the contract‚ the forecasted daily time charter rates‚ and the costs data; we have concluded that Ocean Carriers should not accept
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Maldives were devastated in the 26 December tsunami. © Sena Vidanagama/AFP/Getty Images 76 77 NATIONAL RAPID ENVIRONMENTAL ASSESSMENT - THE MALDIVES 5. 5.1 NATIONAL RAPID ENVIRONMENTAL ASSESSMENT – THE MALDIVES Introduction The Indian Ocean tsunami reached the Maldives at 9:20 a.m. local time‚ approximately three hours after tremors were felt. Tidal waves ranging between one and five metres high were reported in all parts of the country. The force of the waves caused widespread infrastructure
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1. The client acceptance process can be quite complex. Discuss five procedures an auditor should perform in determining whether to accept a client. Which of these five are required by auditing standards and identify the applicable standards? 1. Obtain an understanding of the client ’s business and operations. Consideration should be given to reading available financial information regarding the prospective client such as annual reports‚ registration statements‚ Forms 10-K‚ other reports to regulatory
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