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Present State |
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Present StateIn a force field analysis, the description of an organization as it currently exists. It includes what happens in the organization, both formally and informally.Similar MatchesAdjusted present value (APV)Adjusted present value (APV)The net present value analysis of an asset if financed solely by equity (present value of unlevered cash flows), plus the present value of any financing decisions (levered cash flows). In other words, the various tax shields provided by the deductibility of interest and the benefits of other investment tax credits are calculated separately. This analysis is often used for highly leveraged transactions such as a leveraged buyout. Present valuePresent valueThe amount of cash today that is equivalent in value to a payment, or to a stream of payments, to be received in the future. To determine the present value, each future cash flow is multiplied by a present value factor. For example, if the opportunity cost of funds is 10%, the present value of $100 to be received in one year is $100 x [1/(1 + 0.10)] = $91. Net present value ruleNet present value ruleAn investment is worth making if it has a positive NPV Projects with negative NPVs should be rejected. Registered RepresentativeRegistered RepresentativeAlso known as account executive, customers' broker, or similar title. Describes full-time New York Stock Exchange member organisation sales people who have met the NYSE background and industry knowledge requirements. Net present valueNet present valueSame as present value, being sure to include (negative) payments as well as (positive) receipts. Further SuggestionsPresent value factornet present value Present Value Index (PVI) Appointed representative Present value of growth opportunities AIMR Performance Presentation Standards Implementation Committee Registered representative Net present value of growth opportunities Net present value (NPV) company representative (tied agent) Net adjusted present value Proportional representation Present value |
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