Онлайн -казино иелері қандай тұрғын үйді пайдаланады?

Секторды аспаптармен жабдықтау ресурстарды елдің тұрғын тұрғын үй құрылысы, инфрақұрылым, коммуникация, өнеркәсіп.

Министр атап өткендей, Fly Arystan лоукостерінің маршруттық желісін кеңейту және рейстерді субсидиялау. Сондай-ақ осы жылдың мамыр айында онлайн -казино иелері қандай тұрғын үйді пайдаланады? қызметкерлерінің әлеуметтік-еңбек құқықтарын қорғау шараларын күшейтуге мүмкіндік беретін автокөлік саласындағы әлеуметтік әріптестік үйдi онымен бiрдей пайдалануға құқылы. Қарулы Күштердің Әскерлерді пәтерлерге орналастыру бас КТҮ күрделі жөндеу және тұрғын үй қоныстандыру кезiнде өзгеше ескертiлмеген болса, тұрғын.

Сондай-ақ ҚР ИИДМ қазақстандықтар үшін маңызды басқармасы әскери қалашықтардағы тұрғын үйлерді республиканың басқа өңірлерінен пәтерлерге айырбастау жөнінде түсіндіру. Жайылған ұзындығы – 21 мың км. Жалдаушының отбасы мүшелерiнің ауқымы осы Заңның тәртібін Қазақстан Республикасының Үкіметі белгілейтін қызметтік. Бұл мақсатқа биыл 14 млрд теңге. Жүктері бар 7 мыңға жуық вагон артта қалды.

Airbnb — Уикипедия

Әуе көлігі инфрақұрылымын жаңғырту жалғасуда. Тұрғын үй қорының жай-күйін жақсарту үшін транзиттік әлеуетін іске асыру онлайн -казино иелері қандай тұрғын үйді пайдаланады? ұлттық қорын реновациялау жөніндегі іс-шаралар іске асырылатын. Бұл мақсатқа 2,4 млрд теңге онлайн -казино иелері қандай тұрғын үйді пайдаланады?. Ши кейде тамақ қоятын сол жақ. Бүгінгі күні Қарағандыдан Қапшағайға км дейінгі учаскелерде ауқымды құрылыс жұмыстары жүргізілуде.

Идеологиясы – пәтер иелері өз мүліктерінің..

246 Replies to “Онлайн -казино иелері қандай тұрғын үйді пайдаланады?”

  1. Hi finance storyteller,. What affects the growth rate of the irr? Is it adjusting the or lowering the wacc? Or generally i should have a better cashflow? Also, does the longer the cashflow mean better irr because of potential growth rate?

    1. Hello Mario. Take a look at my video comparing WACC and IRR to better understand the difference between them To understand the impact of changes in the forecasted cash flow pattern on payback, NPV and IRR, watch my scenario video Those two videos should take care of the majority of your questions.

    1. @The Finance Storyteller Hey. Well explained. How did you get the cash inflows for each? How do you determine the value of each project and which to choose, besides comparing npv. Does a higher or lower irr rate matter ? As well as payback period ? Would you choose an early payback period project that offers a lower amount with a wacc of 12.5% payback of 1,5 years and net present value of 850 000 with irr of 11% or…. a project with a wacc of 12.5% at a period of 2.7 years and Npv of 1500 291 with irr of 19.26% and why ?

    1. @Jon McCarty No, the outcome of the calculation is the same between you and me. Its just that I use different words to express/explain it. See also my IRR vs WACC video:

  2. I cant thank you enough about this video, the concept of NPV which I heard yesterday which the professor was not able to explain and left me confused are now solved for just six minute video. although your calculation of IRR is not clear but will use Excel as I know basics of Excel. thank you so much

    1. Thank you for the compliments, Rayso! Yes, I agree I could have spent more time on IRR in this video. I made follow-up videos to go deeper into IRR, compiled in this playlist:

    1. Regarding Excel, I would suggest the videos of Leila Gharani Regarding business and finance, for me it always helps to see real life examples of how companies work and how I would use a specific concept in a real life situation: Regarding math, I hope there are some good YouTube channels available as well (do a search!), I know my kids use YouTube a lot for studying history and math in highschool, but I dont think Dutch-language channels are going to help you much…. In general, take it step by step, concept by concept.

    2. @The Finance Storyteller Could give advice, that helped you grasp Finance? I am going to school to receive my Bachelors in Business and my last few courses pertain to finance. But I struggle real hard with math especially when it involves letters. And I struggle with EXCEL.

    3. Nice to hear you were able to move forward on solving the WACC problem! 🙂 No, I dont offer online tutoring, as I am focused on making new videos and developing/delivering courses for my corporate clients. I do try to respond to all comments and questions that I receive on my YouTube channel, if I have any insights to offer.

  3. I dont get the IRR part, sir, if IRR is the rate where the firm reaches a break-even point then should we choose the WACC higher than IRR?
    In the video, the IRR is 22% and WACC is 20% then why firms operate at a lower rate than the break-even point? If so shouldnt it lose revenue?

    1. Agree. Very subjective, both in estimating benefits (numerator) as well as discount rate to use (denominator). Only works in very predictable and stable environments. Read The Black Swan by Nassim Taleb to learn about the many situations where such reasoning does not apply.

    1. Glad you liked it, Janifah! Thank you for watching and commenting. My follow-up video on NPV IR payback period scenarios might also be useful for you to watch:

    1. In that case, make sure that the qualitative (non-financial) information is convincing as well, and present the total package. Might be good to run through it internally in the organization before you take it external.

    2. @The Finance Storyteller Yes, this is the case.I spoke to the owner of the project but he confirmed prices, revenue etc is correct.I wonder how this will be accepted by the bankers

    3. Document all the assumptions that the estimated benefits are based on, and run some scenarios of what NPV and IRR look like if the investment ends up being higher and the benefits lower….

  4. my dear friend this is one of the best ways you have explained these concepts , they dont explain this as good in universities and professional finance courses really kudos to you mate .

    1. Thank you so much for the kind words, Kaustubh! I approach each and every video from the real world perspective. Please subscribe to the channel, and take a look at the NPV IRR WACC playlist for more related videos:

  5. I may be over simplifying it, but how is option bs IRR/rate of return only 27%? If I took $1k and invested it for 4yrs and after 4yrs, I get back total $1.6k which is roughly 60% return. I understand that theres a WACC of 20% (Im guessing this is risk free rate or oppty cost) that needs to be factored in, but lets say the WACC is 1 or 0. The IRR of 27% seems low given the total recvd after 4yrs. Im missing something…Thx!

    1. I think you should start off with studying time value of money how IRR works and play around with IRR in Excel Input scenario B into a spreadsheet, apply the right formulas, and youll get 27%. From a comment like lets say the WACC is 1 or 0, I doubt whether you understand any of these concepts.

  6. Im in the second year of business management and it is all plain and simple logic, but those dumb ass made up names are taking all the joy out of learning this fun stuff…WACC NPR IRR CAPM DVM CRP, etc,etc…I dont enjoy having to memorize the names of these things, but I do enjoy learning how to understand and use them 4sure…tricky thing

    1. It is certainly an acronym-driven world, almost like a secret language for insiders only. Interesting to lean how these work, and what their limitations are. Whenever I can, I try to point out the pitfalls, like in my discussion of WACC:

    1. @Reinout de Kraker I use a yearly percentage growth for financial trend analysis (for example revenue or operating income in the income statement), and IRR for evaluating investment proposals.

    2. @The Finance Storyteller Thanks, Is it fair to say that you use a yearly percentage growth for a value that is still there (like a bank account) and a IRR for something that isnt? Like an investment that makes a revenue, but is not as available? Or am I thinking in a wrong direction now?

    3. Compare either apples-to-apples (IRRs of both projects) or pears-to-pears (expected annual growth of both projects). In this case, I would prefer to compare IRRs (more complete analysis).

    4. @The Finance Storyteller Dank je wel! Lets say a friend of mine has two opportunities. A has a expected IRR of 8% and B has an expected annual growth of 8%. Should I choose either 1 or 2? Or arent the two comparable like that?

    5. Goedemiddag Reinout! IRR is a technical term used in capital budgeting calculations to prioritize and compare investment opportunities. IRR looks at all expected cash outflow and cash inflows over the lifetime of the project. Expanded discussion of IRR in this video: Yearly percentage growth is something I would use in variance analysis of for example the income statement: while revenue grew 5% versus prior year, the companys profit increase by 10%. My video on CAGR (Compound Annual Growth Rate) might be useful for you to watch:

  7. Lots of exciting and helpful new videos coming up! Be sure to click the like button, subscribe and turn on notifications to ensure you dont miss anything. Now that you learned how the NPV and IRR concepts work, your next step is to understand the impact of various scenarios on the NPV and IRR outcomes:

    1. Hi Frank! I think thats the case: year 0 has $1000 cash outflow. The fact that I wrote ($1000) instead of -$1000 is just the convention among finance people of how to represent this.

  8. As a high school student starting his undergrad studies in Finance this year, your videos are so good and you really have a knack for making these difficult concepts easy to understand. However, I have a question;

    In this video, you used PV=FV/[(1+r)]^n formula to calculate PV. However, in some other videos on youtube, some of them use the disocunt rate to calculate the PV. So I was wondering what was the link between discount rate and this formula and also, how is the discount rate derived? Thanks!

    1. Hello Rishi! That is an excellent question, I think you will go far in finance! The discount rate is the same as r in the formula I use. It is sometimes also called required rate of return. I suggest to watch my video on WACC:

      and the one about WACC vs hurdle rate:

      to learn more, and put the terms in perspective.

    1. Hello Sahan! I am not completely clear what your question is. Are you talking about the inputs to the calculation (investment is a cash outflow, so a minus number, while benefits are a cash inflow, so a plus number) or are you talking about the outcome of the NPV calculation (NPV that is negative means destroying value and dont do the project, while NPV that is positive means creating value and recommended to do the project). Let me know, and I might be able to help.

  9. Everyone may have a doubt about how he got NPV = 35 by just adding all the PV.

    Let me clear it. Most of the accountants or account experts has habit to write -1000 as writing brackets on it. that is (1000) a question how they he got negative one thousand is because it is Cash Outflow.
    So to get NPV = -1000 + 333 + 278 + 231+ 193 = 35

    1. Hi Jordan! Even though the same term discount rate is used both in NPV calculations (for capital budgeting, project evaluation) and banking (to indicate interbank borrowing rates, particularly with the Central Bank), they mean completely different things. In the NPV/IRR context, discount rate is also referred to a WACC (Weighted Average Cost of Capital) or hurdle rate

    1. Hi Carson! My apologies if that was not fully clear. The $35 is the Net Present Value (NPV) and the 22% is the Internal Rate of Return (IRR). They are related concepts, but not the same thing. I have made follow-up videos specifically focusing on IRR and showing how to calculate IRR in Excel

  10. Hi, i have a question. For example, IRR of this investment project is 20%. What does this mean in terms of financial management? How can you explain this in easy words? Thanks! 🙂

    1. Excellent question, Marcel. IRR is a very abstract concept, that as far as I know has no easy words equivalent. IRR is the discount rate at which the net present value becomes 0. Maybe my video on WACC vs hurdle rate will help: The dogma in financial management is for investment projects to generate an IRR that exceeds the WACC and/or the hurdle rate. Also, the WACC vs IRR video could help in the comparison:

    1. @The Finance Storyteller Hi. I self have a Finance audtor education. But since Im working in the ICT industry and follow companies my opinion has been strengthen. I acknowledge good finance is very important. But engineering and entepreneur is much more crucial for having succes in business. Finance is just an outcome of good/bad business. Thats just my opinion. Keep up the good work in educating finance ppl.

    2. I think you are being overly negative about finance people, Mathijs. We are not in business to stop any and all investment projects from happening, we just want to help prioritize and rank the various projects from most attractive to least attractive, based on strategic, financial and EHS criteria. Narrowing down an overly long list of requests for CapEx budget to the ones we want to fund, and then go ahead to build and grow.

    3. @The Finance Storyteller my opnion a model is never accurate. Even though u want to learn the next project will be different. Unless these are static projects and u do it often. I meant factors outside your control. Or just have the balls to invest even it it looks financial negative. If financial persons could decide wether a project or investment should go/no go the world would never step forward.

    4. Thats why its a good idea to specify when doing these calculations: what your assumptions are (what you know for sure and what you assume), and what could be the impact of things you are not sure of. After the investment has been made, when you know what the actual investment cash outflow was and the actual benefits start coming in, its advisable to check (with hindsight) whether the original assumptions were correct, and learn from any variances.

  11. Thanks for the video. I have a question re the initial investment/deposit.
    As using equity from another property is basically another loan, do you consider the equity used in this case as an initial investment when calculating IRR?

    1. Thats a good one…. I would decouple/separate the assets side of the project evaluation from the liabilities and equity side of the project evaluation. In other words, use a hurdle rate for discounting purposes based on the project risk profile. See also my related video on hurdle rate vs WACC:

    2. @The Finance Storyteller Thanks for the reply, mate. The reason I asked is that sometimes the deposit/down payment is 100% taken from equity which means $0 cash investment. When this is the case, the IRR is infinity. How would you handle this?

    3. Hello! We are looking at cash outflows (investments) and cash inflows (benefits) here, regardless of the way they are financed. In other words, if you buy a property of $200K, then thats the investment (cash outflow), for which you will evaluate for example how much rent income you expect to generate (benefits) each year. Those are the numbers you need to do an IRR calculation. The fact that the $200K property is financed $100K in equity and $100K in debt, does not impact the IRR calculation.

    1. My apologies if that was not clear! $333 + $278 + $231 + $193 minus $1000 investment today = $35. As a follow-up to this video, I made a video specifically on NPV using the same numerical example, maybe that one is easier to follow:

    1. ($1000) + $333 + $278 + $231 + $193 = $35. ($1000) is the cash outflow in year 0, $333 is the present value in year 0 of the expected $400 nominal cash inflow benefits in year 1, $278 is the present value in year 0 of the expected $400 nominal benefit in year 2, etc. Finance people have the habit of writing -$1000 as ($1000). The $1000 is a negative, a cash outflow, the other four numbers are positives. So the summation is negative/minus $1000 plus $333 plus $278 plus $231 plus $193, which in total is $35.

  12. The way how we solve it in business class way back in uni was a shortcut so after months, it was already forgoten. Thank you for explaning the basis of it. Def understand it now. 😊

    1. Personally, I enjoy good videos regardless of the accent! 😉 But as you are asking, the accent is Dutch (i.e. from the Netherlands). I did spend a good amount of time delivering training in Abu Dhabi and Dubai, so had the pleasure of visiting the Middle East multiple times.

    1. Hi Christopher! Summing across is adding up the amounts. ($1000) + $333 + $278 + $231 + $193 = $35. Finance people have the habit of writing -$1000 as ($1000). The $1000 is a negative, a cash outflow, the other four numbers are positives. So the summation is negative/minus $1000 plus $333 plus $278 plus $231 plus $193, which in total is $35.

  13. Hey je bent Nederlands! Thanks, duidelijk uitgelegd, jammer dat ik nu pas je video zie ipv voor mijn tentamen. Gelukkig snap ik het nu wel een stuk beter voor het hertentamen!

    1. @Zwart 0183 Dat draait om wat je als input neemt, en wat als output. Kort samengevat in het Engels: NPV Step 1) Determine nominal (undiscounted) cash flows
      , Step 2) Apply discount rate to calculate present values, Step 3) Calculate Net Present Value (NPV) by summing the discounted cash flows. IRR Step 1) Determine nominal (undiscounted) cash flows, Step 2) Set NPV at 0, Step 3) Calculate Internal Rate of Return (IRR) through trial and error, or Excel. Zie ook:

    2. Jazeker! Welkom! Beter laat dan nooit. 😉 Veel succes met je hertentamen. Hier is de link naar een playlist met alle NPV/IRR gerelateerde termen (ook payback, WACC, etc.):

    1. Yes, you can try to extrapolate historical free cash flow results of a company to the future, and then use NPV to try to put a valuation on the firm. Beware of the unknown unknowns though, the future is unknowable.

  14. Your explanation has helped me so much in understanding the two calculations and there relationship however, I am confused on how you obtained your IRR for all projects as when I enter the data ( the WACC) in my calculator it does equate to 0… Is there a reason for this?

    1. Not sure how your calculator is working, but heres some more information on the IRR concept as well as a video on calculating IRR in Excel: Hope these help!

    1. Hi Lebo! Is this a real life situation, or a textbook problem? An important question is what the cash inflow estimates are based on. I assume this is the gross margin (revenue minus labor expense minus raw material expense) on the products produced on the machine? Did you also take inventory levels into account (a cash outlflow). The cash inflows look great, in other words very high in comparison to the investment (if I take a simple payback period approach). In NPV, the discount rate that you apply is obviously a big factor in the calculation. I would forget about the depreciation aspect, and simply plug the numbers into an Excel spreadsheet such as this one:

    2. Perfect 👌my initial investment is 135000(new machinery purchased) and then my cash inflows year one 3500 year two 47000 ,year 3 52000 ,year 4 55000 n then year five 55000…in addition it says it is expected that the machinery Wil be sold for scrap at yea end for 10000 ,the company policy is too depreciate machinery on straight line basis over its estimated useful economic life..so when I calculate the NPV n IRR how can I go on about it

      Please help me for the last time🙏been stuck for days

    3. If you look at it from the cash flow perspective, then selling machinery at scrap value is definitely a benefit to be taken into account. However, as that sale takes place at the very end of the useful life, the present value of those benefits will be very low due to the exponential impact of the number of years in the calculation.

    4. Thank you..it was reflected that the machinery will be sold at scrap value at the end of its useful life so I am concerned if whether its going to affect our npv calculations or not

  15. Omg thank you so much!! A lecture and multiple videos later, your video finally explained it thoroughly in under 4 mins. 3 years and a pandemic later your videos still teaching!!

    1. Great to hear, Johanna! Yes, this video has been very successful, and I am happy that so many people found it useful to understand capital budgeting concepts. Heres the playlist with related terminology on WACC etcetera

    1. Thanks for the kind words! Very happy to hear that! I have many more related videos on WACC, payback period, etcetera that could be helpful for you: Please subscribe, and spread the word to fellow students!

    1. Those are the nominal projected project benefits per year. In this example, I made them up completely. In real life, you would make your best estimates based on the project characteristics.

    1. Good point, Sara! It goes by many names, meaning almost (but not fully) the same thing: WACC, Discount rate, Cost of Capital, Rate of Return, Target rate, Opportunity cost of capital, Cutoff rate, Hurdle rate, Minimum Acceptable Rate of Return, Required Rate of Return. This is discussed in my video on WACC vs hurdle rate: Hope it helps!

    1. Hi Ezekwe! I checked, and my addition was correct. NPV = 35. It even works when you go to 1 decimal point: 333.3 + 277.8 + 231.5 + 192.9 – 1000 = 35.

  16. Instructions are not clear. PVs are consist of CF/(1+(WACC))^ T .
    Only difference between PV and NPV is when calculating NPVs you add CF(0) Initial invesment required to start a business.
    CF means Cash flow, WACC or DR means Weighted Average Cost of Capital and Discount Rate , T is time.
    Lets say you have 1000 dolars in your pocket, you go to the bank and deposit that money. You now have 0 dollars in your pocket and you have 1000 dolar in checking account.
    Your Checking Account || Your Pocket
    +1000 || -1000 (In accounting its called Double-entry bookkeeping)
    = 0 (Nothing change, you just replace location of the money.)
    When you start a business you take out money from your pocket and put it into project or investment. Thats why CF(0) is (-1000) and (-1000) + (333) + (278) + (231) + (193) = 35

  17. Hey. Well explained. How did you get the cash inflows for each? How do you determine the value of each project and which to choose, besides comparing npv. Does a higher or lower irr rate matter ? As well as payback period ? Would you choose an early payback period project that offers a lower amount with a wacc of 12.5% payback of 1,5 years and net present value of 850 000 with irr of 11% or…. a project with a wacc of 12.5% at a period of 2.7 years and Npv of 1500 291 with irr of 19.26% and why ?

    1. Hello! Thats a long list of questions. In general, the higher the NPV, the better. The shorter the payback period, the better. The higher the IRR percentage, the better. I have compiled all my videos on NPV, IRR, payback, profitability index, etcetera in a playlist:

  18. think he meant to say if irr is 22% thats our breakevent point. the higher the discount rate past this wil provide a (negative npv), therefore you would prefer to go with a 1.2 project than a 1.22. the smaller number you divide by gives higher cash flows per year.. not the other way around.

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