DP Plc is considering whether to purchase a piece of land close to a major city airport. The land
will be used to provide 600 car parking spaces. The cost of the land is K6,000,000 but further
expenditure of K2,000,000 will be required immediately to develop the land to provide access
roads and suitable surfacing for car parking. DP Plc is planning to operate the car park for five
years after which the land will be sold for K10,000,000 at Year 5 prices. A consultant has prepared
a report detailing projected revenues and costs.
Revenues
It is estimated that the car park will operate at 75% capacity during each year of the project. Car
parking charges will depend on the prices being charged by competitors. There is a 40% chance
that the price will be K60 per week, a 25% chance the price will be K50 per week and a 35%
chance the price will be K70 per week.
DP Plc expects that it will earn a contribution to sales ratio of 80%.
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Fixed Operating Costs
DP Plc will lease a number of vehicles to be used to transport passengers to and from the airport. It is expected that the lease costs will be K50,000 per annum.
Staff costs are estimated to be K350,000 per annum.
The company will hire a security system at a cost of K100,000 per annum.
Inflation
All of the values above, other than the amount for the sale of the land at the end of the five year period, have been expressed in terms of current prices. The vehicle leasing costs of K50,000 per annum will apply throughout the five years and is not subject to inflation.
Car parking charges and variable costs are expected to increase at a rate of 5% per annum starting in Year 1.
All fixed operating costs excluding the vehicle leasing costs are expected to increase at a rate of 4% per annum starting in Year 1.
Other Information
The company uses net present value based on the expected values of cash flow when evaluating projects of this type.
DP Ltd has a money cost of capital of 8% per annum.
DP’s Financial Director has provided the following taxation information:
(1) Tax depreciation (Capital allowances) is not available on either the initial cost of the land or the development costs.
(2) Taxation rate: 30% of taxable profits. Half of the tax is payable in the year in which it arises, the balance is payable in the following year.
All cash flows apart from the initial investment of K8,000,000 should be assumed to occur at the end of the year.
Required:
(a) Evaluate the project from a financial perspective. You should use net present value as the basis of your evaluation and show your workings in K’000. [14 Marks]
(b) Calculate the internal rate of return (IRR) of the project. [5 Marks]
The main reason why discounted cash flow methods of investment appraisal are considered theoretically superior is that they take account of the time value of money.
Required:
(c) Explain the THREE elements that determine the ‘time value of money’ and why it is important to take it into consideration when appraising investment projects. [6 Marks]
[TOTAL: 25 MARKS]

You are working on your second project as an equity research intern at a bulge investment bank. Your focus is in retail space, especially in the health and fitness sector. Currently, you are gathering information on a fast-growing chain fitness company called LuluYoga. You are interested in calculating the free cash flow of the firm. LuluYoga offers yoga classes in several major cities in the United States. Two major revenue resources are selling workout gear and membership passes for class access. Assume at the beginning of year 2016, LuluYoga has zero inventory. In year 2016, LuluYoga purchased 10,000 yoga mats at a price of $10 each. The company sells 6,000 mats at a price of $15 in year 2016 and sells the remaining at a price of $20 in year 2017. In year 2016, LuluYoga sells 1,000 membership passes for $2,000 each. 80% of the classes purchased were used in 2016 and the rest are used in 2017.The yoga master’s compensation to teach classes are $300K in year 2016 and $200K in year 2017. LuluYoga pays corporate tax of 35%.

Q1. What is the change of NOWC in year 2016?

A nuclear power plant is planned to be constructed near Sydney. The plant is required to have an installed capacity of 1200 MW and will be operated for 7500 hours per year. Consider providing 1200 MW of energy by two solar power plants; one in Sydney and the other in Canberra. It is required that a fixed solar module be mounted. Determine the following parameters if the overall efficiency of the module is given as 15%:

a) The peak power of the solar generator at each site.
b) The total solar generator area for each site.
c) The amount of land area required at each site.
d) Discuss any technical, environmental, operational and financial implications of using solar power modules at the two sites.

a) A thick steel plate of total area 840 cm² (both sides) is exposed to air near the ocean. After 1 year it was found to have lost 502 g in weight due to corrosion. What is the rate corrosion, or corrosion penetration rate CPR, for the material in this environment? Density of steel = 7.9 g/cm3                               [8 marks]

b) What type of corrosion is this? [2 marks]

c) Provide two strategies (there are more than two of course, but just choose two) for dealing with this type of corrosion [2 marks]

d Briefly summarise the pros and cons of each strategy as they might apply to a children’s playground at a seaside beach front [8 marks].

A negatively charged rod is brought near an isolated metal ball. which of the sketches best illustrates the arrangement of charges on the ball?

Elaborate a list of personal pitfalls-the aspects (any) of your previous problem set that you wish to work on in the near future

1. Saudi Arabia has always been a popular country with Americans; current approval ratings are near 90%.

1. True
2. False

this case study and question on it

Misr General Hospital has determined that its medication management
system is "broken". Costs are growing rapidly, doctors are complaining
that needed medicines are not available, while the pharmacy points
fingers at the internists saying that they use so many high price antibiotics
that they don't have the budget to buy other medications that are also
needed.
The recently instituted measurement of medication errors disclosed a
large number of them, a significant percentage of which has to do with
administration at the wrong time. Possibly related to the issue of
medication errors is the fact that post-hysterectomy infections have
increased greatly; the nurses in the operating suite claiming that patients
are not receiving their antibiotic prophylaxis properly. The quality
steering committee developed the following set of measure to determine
the extent of the problems and to help analyze their causes:
Internal Medicine:
Measure: The use of third generation cephalosporin as first line treatment
for the diagnosis of pneumonia.
Numerator: The number of patients over the age of eighteen who were
diagnosed on admission with pneumonia and received one of the
designated drugs within 24 hours of admission.
Denominator: All patients over the age of eighteen with the admission
diagnosis of pneumonia.
Frequency of measure: Monthly.

^{Obstetrics and Gynecology:}
Measure: Proper application of prophylactic antibiotics for abdominal
hysterectomy.
Numerator: All adult patients who received the first dose of antibiotics
within one hour of the start of the operative procedure of abdominal
hysterectomy.
Denominator: All adult patients who underwent the operation of
abdominal hysterectomy.
Frequency of measure: Every 3 months.

_{Nursing Service:}
Measure: Mis-timed administration of medications to patients.
Numerator: Medications administered within 30 minutes (plus or minus)
of the time ordered, or if the order is imprecise, such as 3 times a day,
within the time set by nursing policy.
Denominator: All medications ordered.
Frequency of measure: Sampling one day each week for each nursing
unit.

Pharmacy:
Measure: Frequency of medications ordered by physician not being
available for dispensing.
Numerator: Each instance of a medication ordered by a physician not
being in stock.
Denominator: None-measure is simple number.
Frequency: Monthly.

For each four measures, answer the following questions:
1. Do the numerator and denominator actually measure what is being
intended?
2. If not, why not?
3. Is the frequency of measurement appropriate?
4. If not appropriate, what is the proper frequency?
Do you have any other comment to make about any of the four measures?

QUESTIONS ABOUT MEDICATION ERRORS

A. If the prescription is wrongly written but the right dose is
administered at the right time, is it a medication error? If not, is it a
near miss?
B. If the order is wrongly transcribed, but the right dose is
administered at the right time, is it a medication error? If not, is it a
near miss?
C. If the order neglects to note that the patient is reported to be
allergic, is it a medication error? If not, is it a near miss?
D. If the order does not take drug-drug interactions into account, is it a
medication error? If not, is it a near miss?
E. If the prescription is correct, but the medication is administered to
the wrong patient, who does not suffer any ill effect, is it a
medication error? If not, is it a near miss?
F. If the patient's renal function necessitates a lower dose of
medication and this is not recognized, is it a medication error? If
not, is it a near miss?
G. If the usual adult dose is administered to an 85-year old patient
who suffers a well described dose-related adverse reaction, is it a
medication error? If not, is it a near miss?
H. A patient unexpectedly suffers a convulsion. He has received the
recommended dose of a drug that is contraindicated in the presence
of a seizure disorder, which he wasn't known to have. Was the
patient the victim of a medication error? If not, is it a near miss?
I. A diabetic patient has a renal arteriogram. Four days later, it is
noticed that her serum creatinine had increased three fold. She
received no medications known to cause kidney failure. Is it a
medication error? If not, is it a near miss?
J. A patient treated for pneumonia is found dead. He was last checked
three hours ago. The antibiotic he should have received two hours
ago was not given. Did he die as a result of a medication error?
K. If the answer to J is "no", was there a medication error? If not, is it
a near miss?