Worksheet Templates. Thursday , March 01st , 2018 - 21:58:05 PM
Today, electronic devices like portable computers, mobile smart phones, tablets and PDAs are ubiquitous. The new generation is often rightly referred to as the "screened-age." And it is true that the majority of media and story-based content on the electronic devices that dominate our age is delivered through a screen, be it a movie screen, TV screen, computer screen or mobile phone screen. In every day use written text are being limited to the technical and the old-fashioned.
So how do you get started? You need to first state to yourself that you will take action. Action is what will be required of you to make your financial goals a reality. Next, you need to discuss your plans with someone else. It can be anyone, whether a partner, your children, a friend or even a co-worker. Telling someone about it gives you accountability towards your goals and does not let you off the hook for it.
When coming to the share of future toll revenues, Dave gets creative. The company has never done this before and both the toll fares and actual volume of traffic over the bridge are unknown. In a separate tab in his cash flow worksheet, Dave creates two grids. The first is a range of car traffic volumes from 10,000 to 30,000 cars per day (the volume range used by the engineers to build the bridge). He applies a growth rate multiplier and extends the grid to the right for 10 years, multiplying each time step by a growth multiplier. He then builds a similar grid of toll fees and toll growth rates and arrays them to the right for 10 years. Finally, Dave uses his Excel statistical analysis add-in to generate a probability distribution of toll revenues for each year. Dave creates 5 scenarios based on the mean toll revenue, with revenues varying plus and minus one and two standard deviations to get 5 estimated cash flow paths.
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