Flash Memory

equipment in 2010, were considered as well. These values were converted to after-tax values by considering sales taxes and tax shields. The NWC (net working capital) requirement of the project was deemed to be 26.15% of incremental sales. To translate this into cash flows, we calculated the NWC change year-over -year. Additionally, we assumed management would maintain their commitment to expend 5% of sales towards R&D. Although Flash has already incurred a sunk cost of $400,000 to develop the prototypes for this new product line, it is reasonable to assume ongoing R&D expenditures to ensure the development of future iterations of this product once the current version becomes obsolete. Finally, the sum of these cash flows was discounted to the beginning of 2010 at a WACC of 10.05% to arrive at a final value of $757,528 for this five year commitment. The pursuit of this growth opportunity responds to the technological changes in the industry, resulting in high quality products, which are wellreceived by customers. The dedication to innovation and research will allow Flash to thrive in the market and maintain their competitive

Reading your post about 9/11 from such a young age was very interesting. My son was five at the time of the attacks and to this day he remembers the fact that he was upset because PBS interrupted their programming for the news coverage and he did not get to watch Clifford the Big Red Dog. My son may not remember the details of that day, but he will forever remember the disruption in his everyday routine caused by the attacks. Goldstein (2015) points out that the “idea that people believe flashbulb memories are stronger and more accurate has led to the conclusion that the special nature of flashbulb memories can be traced to the emotional nature of flashbulb events” (p. 216). For my son, he remembers his television programs being interrupted

As sales of Flash Memory Inc. (Flash) increases rapidly in the first few months of 2010, additional working capital is required to ensure smooth operations and maintain their current growth rate. However, Flash currently has almost reached its notes payable limit of 70% accounts receivables with its current commercial bank and thus, need to look for various alternative financing means to provide the required amount of funds it needs to finance its forecasted sales for year 2010 onwards.

Almost every aspect of functioning involves the use of memories. Based on encoding, storage and retrieval of previous experiences, schemas influence how the world is perceived. But how accurate are memories? A classic experiment by Loftus and Palmer (1974) provided the foundation for which many researchers have built upon over the years.

Solutions to Valuation Questions 1. Assume you expect a company’s net income to remain stable at $1,100 for all future years, and you expect all earnings to be distributed to stockholders at the end of each year, so that common equity also remains stable for all future years (assumes clean surplus). Also, assume the company’s β = 1.5, the market risk premium is 4% and the 20-30 year yield on risk free treasury bonds is 5%. Finally, assume the company has 1,000 shares of common stock outstanding. a. Use the CAPM to estimate the company’s equity cost of capital. • re = RF + β * (RM – RF) = 0.05 + 1.5 * 0.04 = 11% b. Compute the expected net distributions to stockholders for each future year. • D = NI – ΔCE = $1,100 – 0 = $1,100 c. Use the

As sales of Flash Memory Inc. (Flash) increases rapidly in the first few months of 2010, additional working capital is required to ensure smooth operations and maintain their current growth rate. However, Flash currently has almost reached its notes payable limit of 70% accounts receivables with its current commercial bank and thus, need to look for various alternative financing means to provide the required amount of funds it needs to finance its forecasted sales for year 2010 onwards. This report is written to provide an insight to Flash’s financial position for the following 3 years (2010 till 2012) through the use of pro-forma income statement and balance sheet. For Flash to be able to keep up

After reviewing the financial forecast from Science Technology Company and Semiconductor industry market situation, I concluded that 30% annual growth is not feasible, optimistic growth forecast is 15% .Because world semiconductor shipment kept growing, but not just semiconductor market but electronic products market was also dominated large market by Japanese manufacturers. If the company carried on with the same profit/cost structure, the company’s ROA would be 5% more or less in next 5 years, EPS would be 0.44 – 0.97 and stock price would goes down to less $10 – less $20. I can assume that there is no additional stock issuance. As of 1984, the ROA is 5.6%, EPS 0.57 and stock price $13-$37.

Jim had a memory from his childhood that he was able to recall, but everything he remembers about that memory was inaccurate. False memory is known as Flashbulb memory. In the sensory memory part of your brain is where unattended memory is lost. Short term memory is where unrehearsed information is lost and long term memory information can be lost over time. A huge variety of factors may influence how well you remember certain events. These are called memory biases. Memory biases can also affect how fast you’re able to recall something. Certain types of biases may actually change some of your memories. The following are a few common biases:

Using the CAPM model, the cost of equity for this project worked out round to 15% and the

a) Enter relevant figures into the cash flows worksheet and justify any adjustments to the profit and

Flash memory was founded in San Jose, California in the late 1990s. In 2010, there

Suleiman's ability to increase fulfillment of its payable accounts or liabilities depends on future sales or more precisely sales growth. The company's past and future sales performance will help determine its future revenue, solidify a means to pay liabilities, and clarify its path to shortening payment cycles to lenders and suppliers. However, both lenders and suppliers need viable financial indicators to continue offering financing: Advani (2013) explains that investors, for example, will be reluctant to provide capital without a sales forecast.

|  |Year 0 |Year 1 |Year 2 |Year 3 |Year 4 |Year5 | | |OCF | |$750,000 |$4,218,800 |$7,335,300 |$9,102,100 |$10,160,300 | | |Capital spending |–$50,000,000 |–25,000,000 | | | | | | |Net working capital | |–1,200,000 |–960,000 |–640,000 |–400,000 |–160,000 | | |Terminal value | | | | | |148,575,886 | | |Total cash flows |–$50,000,000 |–$25,450,000 |$3,258,800 |$6,695,300 |$8,702,100 |$158,576,186 | |

The project is financially viable with an internal rate of return (IRR) of 14 % and a net present value (NPV) of Birr 1.71 million, discounted at 8.5%.

The time values associated with the working capital indicates a time value adjusted present value of –SFr 203,408.03. (The present value of recovering SFr 300,000 ten years from now at 12% is SFr 96,591.71). This negative amount pulls the project present value from a strong positive level to a slightly negative amount.