Hydrology of the Central Arctic River Basins of Alaska

The work upon which this report is based was supported in part by funds (Project A-031-ALAS) provided by the United States Department of Interior, Office of Water Resources Research, as authorized under the Water Resources Act of 1964, as amended

CPA handbook, volume 2;

https://egrove.olemiss.edu/aicpa_guides/1106/thumbnail.jp

CPA handbook, volume 1;

https://egrove.olemiss.edu/aicpa_guides/1107/thumbnail.jp

Effects of seasonability and variability of streamflow on nearshore coastal areas: final report

General nature and scope of the study: This study examines the variability of streamflow in all gaged Alaskan rivers and streams which terminate in the ocean. Forty-one such streams have been gaged for varying periods of time by the U. S. Geological Survey, Water Resources Division. Attempts have been made to characterize streamflow statistically using standard hydrological methods. The analysis scheme which was employed is shown in the flow chart which follows. In addition to the statistical characterization, the following will be described for each stream when possible: 1. average period of break-up initiation (10-day period) 2. average period of freeze-up (10-day period) 3. miscellaneous break-up and freeze-up data. 4. relative hypsometric curve for each basin 5. observations on past ice-jam flooding 6. verbal description of annual flow variation 7. original indices developed in this study to relate streamflow variability to basin characteristics and regional climate.This study was supported under contract 03-5-022-56, Task Order #4, Research Unit #111, between the University of Alaska and NOAA, Department of Commerce to which funds were provided by the Bureau of Land Management through an interagency agreement

How Big is the Tax Advantage to Debt?

This paper uses an option valuation model of the firm to answer the question, "What magnitude tax advantage to debt is consistent with the range of observed corporate debt ratios?" We incorporate into the model differential personal tax rates on capital gains and ordinary income. We conclude that variations in the magnitude of bankruptcy costs across firms can not by itself account for the simultaneous existence of levered and unlevered firms. When it is possible for the value of the underlying assets to junip discretely to zero, differences across firms in the probability of this jump can account for the simultaneous existence of levered and unlevered firms. Moreover, if the tax advantage to debt is small, the annual rate of return advantage offered by optimal leverage may be so small as to make the firm indifferent about debt policy over a wide range of debt-to-firm value ratios.

Debt Policy and the Rate of Return Premium to Leverage

Equilibrium in the market for real assets requires that the price of those assets be bid up to reflect the tax shields they can offer to levered firms.Thus there must be an equality between the market values of real assets and the values of optimally levered firms. The standard measure of the advantage to leverage compares the values of levered and unlevered assets, and can be misleading and difficult to interpret. We show that a meaningful measure of the advantage to debt is the extra rate of return, net of a market premium for bankruptcy risk, earned by a levered firm relative to an otherwise-identical unlevered firm. We construct an option valuation model to calculate such a measure and present extensive simulation results. We use this model to compute optimal debt maturities, show how this approach can be used for capital budgeting, and discuss its implications for the comparison of bankruptcy costs versus tax shields.

Rare K and μ decays: Theoretical and experimental status and prospects

Peer Reviewedhttp://deepblue.lib.umich.edu/bitstream/2027.42/87607/2/123_1.pd