Interest Rates And Bond Valuation Case Worksheet
Name _______________
Assignment: Interest Rates and Bond Valuation Case
Worksheet
Read the closing case “Financing East Coast Yachts’ Expansion Plans with a Bond Issue” in chapter 5 (see below) of textbook “Corporate finance: Core principles & applications. (4th ed.) by Ross, S., Westerfield, R., Jaffe, J., and Jordan, B. (2014), and answer the four questions posed on this sheet.
1. You have been asked to prepare a memo describing the effects and advantages or disadvantages of each of the following bond features on the coupon rate of a 20-year bond:
a. The security or collateral provided with the bond
b. The seniority of the bond
c. A sinking fund provision
d. A call provision
e. Any positive covenants
f. Any negative covenants
g. A conversion feature
h. A floating rate coupon
The firm is also considering whether to issue coupon-bearing bonds or zero coupon bonds. The YTM in either case is expected to be 5.5% per annum. The coupon bond would have a 5.5% per annum coupon payable semiannually. The company’s tax rate is 35%.
2. How many of the coupon bonds must East Coast Yachts issue to raise the $40,000,000? How many of the zeroes must it issue?
3. In 20 years what will be the principal repayment due if East Coast Yachts issues the coupon bonds? If it issues the zeroes?
4. After considering all the relevant factors, what would you recommend the firm do?
East Coast Yacht Case:
CLOSING CASE
FINANCING EAST COAST YACHTS’ EXPANSION PLANS WITH A BOND ISSUE
After Dan’s EFN analysis for East Coast Yachts, Larissa has decided to expand the company’s operations. She has asked Dan to enlist an underwriter to help sell $45 million in new 30-year bonds to finance new construction. Dan has entered into discussions with Renata Harper, an underwriter from the firm of Crowe & Mallard, about which bond features East Coast Yachts should consider and also what coupon rate the issue will likely have. Although Dan is aware of bond features, he is uncertain as to the costs and benefits of some of them, so he isn’t clear on how each feature would affect the coupon rate of the bond issue.
- You are Renata’s assistant, and she has asked you to prepare a memo to Dan describing the effect of each of the following bond features on the coupon rate of the bond. She would also like you to list any advantages or disadvantages of each feature.
- The security of the bond, that is, whether or not the bond has collateral.
- The seniority of the bond.
- The presence of a sinking fund.
- A call provision with specified call dates and call prices.
- A deferred call accompanying the above call provision.
- A make-whole call provision.
- Any positive covenants. Also, discuss several possible positive covenants East Coast Yachts might consider.
- Any negative covenants. Also, discuss several possible negative covenants East Coast Yachts might consider.
- A conversion feature (note that East Coast Yachts is not a publicly traded company).
- A floating rate coupon.
Dan is also considering whether to issue coupon-bearing bonds or zero coupon bonds. The YTM on either bond issue will be 5.5 percent. The coupon bond would have a 5.5 percent coupon rate. The company’s tax rate is 35 percent.
- How many of the coupon bonds must East Coast Yachts issue to raise the $45 million? How many of the zeroes must it issue?
- In 30 years, what will be the principal repayment due if East Coast Yachts issues the coupon bonds? What if it issues the zeroes?
- What are the company’s considerations in issuing a coupon bond compared to a zero coupon bond?
- Suppose East Coast Yachts issues the coupon bonds with a make-whole call provision. The make-whole rcall rate is the Treasury rate plus .40 percent. If East Coast calls the bonds in seven years when the Treasury rate is 4.8 percent, what is the call price of the bond? What if it is 6.2 percent?
- Are investors really made whole with a makre-whole call provision?
- After considering all the relevant factors, would you recommend a zero coupon issue or a regular coupon issue? Why? Would you recommend an ordinary call feature or a make-whole call feature? Why?
Essay on Socrates
The death of Socrates, to a large extent, occurred because the citizens of ancient Athens’ were unable to distinguish clearly between Socrates and any old sophist; accordingly, a comparison of Socrates to the sophists will help one to avoid making the same mistake as that committed by those early members of the Western world. Why, then, is Socrates often mistaken as a sophist? In what ways is he different from them? In crafting one’s response, one would do well to consider to what respective ends rhetoric is employed and why; nomadism versus fidelity to Athens; Aristophanes’ portrayal of Socrates in The Clouds; Socrates’ description of himself as a “gadfly”; Socrates’ description of himself as a “midwife”; Socrates’ reason for confessing that he cannot teach knowledge and, accordingly, why he cannot accept payment; the sophists’ reason for charging their students; and relativism and skepticism/cynicism versus absolute knowledge, or Truth.
In response to the prompt, you are to select from one of the three prompt questions and compose an essay of no less than 750 words—or, roughly, three full pages, double spaced, size 12 Times New Roman font, standard margins— and no more than 1,000 words (roughly four full pages), due no later than midnight (via ecampus) on Tuesday, October 8th. Late assignments will not be accepted without previous arrangements having been made prior to the deadline, and, as the syllabus clearly states, you must turn in all assignments in order to be eligible to pass the class. Your response must be thorough and well-written, with references to the text; to that end, I invite you to visit the ‘Course Materials’ tab in ecampus for resources that provide greater clarity regarding my expectations for what constitutes a strong paper, as well as the standards according to which I will evaluate your essay.
I highly recommend visiting the Writing Center (Medina Hall, Room 216—inside the Learning Center) or submitting your drafts to our Online Writing Center at RLCWritingCenter@dcccd.edu; remember that providing proof that you visited the Writing Center to work with a tutor on your essay will automatically raise your grade by half a letter. For example, a paper that receives a B-, say, an 82, raises to a B, say, an 85, with a visit to the Writing Center. Of course, you are free to go multiple times to that excellent resource, but the extra credit stops after the first visit.
Lastly, I encourage you to use secondary sources, but be sure to cite them to a fault; if I catch a whiff of plagiarism, then you automatically fail the assignment and are subject to further disciplinary actions by the Dean of Liberal Arts.
TAMUC Fin504 Exams WEEK 12 EXAM 35742
Question
Question 1. Question : Rank in ascending order (lowest to highest) the relative risk associated with holding the preferred stock, common stock and bonds of a firm:
Student Answer: preferred stock, bonds, common stock
bonds, common stock, preferred stock
common stock, preferred stock, bonds
bonds, preferred stock, common stock
Points Received: 3 of 3
Comments:
Question 2. Question : The quality of a debenture depends on the
Student Answer: general credit-worthiness of the issuing company
value of the assets used as collateral
the coupon rate of the debenture
length of time to maturity
Points Received: 3 of 3
Comments:
Question 3. Question : An AT&T 5½05 bond with a current yield of 6.2% must be selling ____ its face value.
Student Answer: above
at
below
any of the above could be correct
Points Received: 3 of 3
Comments:
Question 4. Question : Up in Smoke Tobacco Shops’ bond carries a 9 percent coupon, pays interest semiannually, and has 10 years to maturity. What is the bond’s yield to maturity if the bond is selling for $937.75 (rounded to the nearest whole percent)?
Student Answer: 8.0%
10.0%
9.0%
7.0%
Question 5. Question : Determine the yield to maturity to the nearest tenth of 1 percent of a zero coupon bond with 8 years to maturity that is currently selling for $404.
Student Answer: 11.3%
12.3%
11.7%
12.0%
Question 6. Question : What is the value of a Northern Pacific bond with an 11 percent coupon, maturing in 15 years? Assume the market rate for this bond is 14 percent and that the interest is paid semiannually.
Student Answer: $1,000
$790.74
$813.50
$853.30
3 of 3
Comments:
Question 7. Question : What is the required rate of return to the investor who is willing to purchase a Duke Power preferred stock with a $8.70 dividend, a par value of $100, and a current market price of $87?
Student Answer: 10.7%
8.7%
9.4%
10.0%
Question 8. Question : ICX Company has an issue of perpetual bonds (par value to $1,000) that pays 5% annual interest. Determine the yield (to the nearest tenth of 1 percent) if the bonds are currently selling for $625.
Student Answer: 5.0%
8.0%
3.1%
6.25%
Question 9. Question : Equipment trust certificates are used mainly by
Student Answer: equipment manufacturers
oil drilling companies
state governments
trucking companies
Question 10. Question : All of the following types of bonds are secured except
Student Answer: collateral trust
mortgage
debentures
equipment trust certificates
Points Received: 3 of 3
Comments:
Question 11. Question : The call feature is an advantage to the issuing firm
Student Answer: if the bond has a floating rate
if interest rates decline
if the bond has a low par value
if interest rates increase
Points Received: 3 of 3
Comments:
Question 12. Question : Which of the following is not a characteristic of common stock:
Student Answer: has no maturity date
considered a permanent form of long-term financing
has claims on assets prior to those of preferred stock
is a residual form of ownership
Points Received: 3 of 3
Comments:
Question 13. Question : Common stockholders have a number of general rights, including all of the following except:
Student Answer: voting rights
management rights
asset rights
dividend rights
Points Received: 3 of 3
Comments:
Question 14. Question : In a reverse stock split
Student Answer: the number of shares are decreased
the market value is decreased
retained earnings decrease
par value decreases
Points Received: 3 of 3
Comments:
Question 15. Question : When a stock is split 2 for 1, then the ____ figure on the firm’s balance sheet is cut in half.
Student Answer: value of the common stock
par value
capital surplus
retained earnings
Points Received: 3 of 3
Comments:
Question 16. Question : Keeping Pace Enterprises, makers of track and field equipment, has common stock that sells for $29, and its dividends are expected to grow at a rate of 9 percent annually. If investors in Pace require a return of 14%, what is the expected dividend next year?
Student Answer: $1.33
$2.40
$1.45
$1.60
Points Received: 3 of 3
Comments:
Question 17. Question : Chill Pill Pharmaceuticals is expecting a growth rate of 14% for the next two years due to its new drug. Thereafter it should level to an 8% growth rate. The last dividend paid was $.65 per share. What price should the stock sell for if investors require 12% return.
Student Answer: $18.14
$22.75
$19.47
$20.16
Points Received: 3 of 3
Comments:
Question 18. Question : Haulin’ It Towing Company is selling a stock for $16. The stock just paid a dividend of $.60 and this dividend is expected to grow by 15% per year for three years. After that it will grow at a constant rate of 4%. The stock’s beta is 1.7, the risk-free rate of interest is 1.75% and the market risk premium is 5.25%. Should you buy the stock? (Round to dollars and cents or two decimal points)
Hint: You need to use the CAPM to get cost of equity before you can solve for the price based on abnormal growth.
Student Answer: No, the stock is not a good value since it is only worth about $8.
No, the stock is not a good value since it is only worth about $12.
Yes, the stock is a good value since it should sell for about $25.
Yes, the stock is a good value since it should sell for about $18.
Question 19. Question : Beta is defined as:
Student Answer: a measure of volatility of a security’s returns relative to the returns of a broad-based market portfolio of securities.
the ratio of the variance of market returns to the covariance of returns on a security with the market
the inverse of the slope of the security regression line
all of the above
Points Received: 3 of 3
Comments:
Question 20. Question : Kermit Industries current common stock dividend is $1.35 per share and the dividend is expected to grow at 6% per year into the foreseeable future. Currently the risk-free rate is 4.5% and the estimated market risk premium is 8.5%. Merrill Lynch has estimated KI’s beta to be 1.10. Compute the expected price for KI’s common stock.
Student Answer: $17.20
$10.33
$18.23
$49.35
Question 21. Question : Phoenix Company common stock is currently selling for $20 per share. Security analysts at Smith Blarney have assigned the following probability distribution to the rate of return on Phoenix stock one year from now:
Rate of Return Probability
-20% 0.25
0% 0.30
+20% 0.25
+40% 0.20
Assuming that Phoenix is not expected to pay any dividends during the coming year, determine the expected rate of return on Phoenix Stock.
Student Answer: 8%
0%
10%
40%
:
Question 22. Question : Phoenix Company common stock is currently selling for $20 per share. Security analysts at Smith Blarney have assigned the following probability distribution to the rate of return on Phoenix stock one year from now:
Rate of Return Probability
-20% 0.25
0% 0.30
+20% 0.25
+40% 0.20
Assuming that Phoenix is not expected to pay any dividends during the coming year, determine the coefficient of variation for the rate of return on Phoenix stock.
Student Answer: 0.0
2.68
2.61
0.275
Question 23. Question : Quick Start, Inc. is expected to pay a dividend of $1.05 next year and dividends are expected to continue their 7 percent annual growth rate. The SML has been estimated as follows:
kj = 0.08 + 0.064?j
If Quick Start has a beta of 1.1, what would happen to its stock price if inflation expectations went from the current 5 percent to 8 percent?
Hint: You need to compute two different values for Ke and that leads to two different values in the stock. Remember changes in inflationary expectations in chapter 8 and combine that with the equity valuation from chapter 7.
Student Answer: decrease $8.14
decrease $3.55
decrease $3.18
stock price will not change
Points Received: 3 of 3
Comments:
Question 24. Question : An investor, who believes the economy is slowing down, wishes to reduce the risk of her portfolio. She currently owns 12 securities, each with a market value of $3,000. The current beta of the portfolio is 1.21 and the beta of the riskiest security is 1.62. What will the portfolio beta be if the riskiest security is replaced with a security of equal market value but a beta of 0.80?
Student Answer: 1.14
1.18
1.05
1.10
Question 25. Question : Determine the (after-tax) percentage cost of a $50 million debt issue that the Mattingly Corporation is planning to place privately with a large insurance company. Assume that the company has a 40% marginal tax rate. This long-term debt issue will yield 12% to the insurance company.
Student Answer: 4.8%
7.2%
12.0%
10.6%
Question 26. Question : Calculate the after-tax cost of preferred stock for Ohio Valley Power Company, which is planning to sell $100 million of $3.25 cumulative preferred stock to the public at a price of $25 per share. Flotation costs are $1.00 per share. Ohio Valley has a marginal income tax rate of 40%.
Student Answer: 13.0%
7.8%
8.12%
13.54%
Question 27. Question : The Allegheny Valley Power Company common stock has a beta of 0.80. If the current risk-free rate is 6.5% and the expected return on the stock market as a whole is 16%, determine the cost of equity capital for the firm (using the CAPM).
Student Answer: 14.1%
7.6%
6.5%
13.0%
Question 28. Question : The following financial information is available on Rawls Manufacturing Company:
Current per share market price $48.00
Current (t = 0) per share dividend $3.50
Expected long-term growth rate 5.0%
Rawls can issue new common stock to net the company $44 per share. Determine the cost of internal equity capital using the dividend capitalization model approach. (Compute answer to the nearest 0.1%).
Student Answer: 12.3%
13.4%
13.0%
12.7%
Question 29. Question : Rank in ascending order (lowest to highest) investors’ required rates of return on the various types of corporate securities.
Student Answer: preferred stock, corporate debt, common stock
common stock, preferred stock, corporate debt
preferred stock, common stock, corporate debt
corporate debt, preferred stock, common stock
Question 30. Question : A firm with a 40 percent marginal tax rate has a capital structure of $60,000,000 in debt and $140,000,000 in equity. What is the firm’s weighted cost of capital if the marginal pretax cost of debt is 12 percent, the firm’s average pretax cost of debt outstanding is 8%, and the cost of equity is 14.5 percent?
Student Answer: 13.75%
11.59%
12.31%
10.45%
Question 31. Question : Easy Slider Inc. sold a 15 year $1,000 face value bond with a 10 percent coupon rate. Interest is paid annually. After flotation costs, Easy Slider received $928 per bond. Compute the after-tax cost of debt for these bonds if the firm’s marginal tax rate is 40 percent.
Student Answer: 6.0%
7.2%
7.8%
6.6%
Question 32. Question : Wright Express(WE) has a capital structure of 30% debt and 70% equity. WE is considering a project that requires an investment of $2.6 million. To finance this project, WE plans to issue 10-year bonds with a coupon interest rate of 12%. Each of these bonds has a $1,000 face value and will be sold to net WE $980. If the current risk-free rate is 7% and the expected market return is 14.5%, what is the weighted cost of capital for WE? Assume WE has a beta of 1.20 and a marginal tax rate of 40%.
Student Answer: 14.9%
12.4%
13.4%
16.0%
Question 33. Question : Due to Flotation costs,
Student Answer: debt is the costliest source for a firm among all the components of cost of capital.
Cost of external common equity exceeds cost of retained earnings.
companies do not normally float any issues
dividends are paid on a monthly basis
Six Sigma approach for standardizing the discharge process
You are the nurse leader on an obstetrics unit. You have been tasked to utilize a Six Sigma approach for standardizing the discharge process. Where do you start?
You are required to respond to the questions thoroughly, in 250 -to-300 words. Be sure to include at least three reference sources. APA rules for formatting, quoting, paraphrasing, citing, and listing of sources are to be followed.
Production Costs
Assignment Content
Purpose of Assignment
The materials covered this week distinguish between the different costing methods and provides needed tools for decision making. This case study focuses on determining equivalent units in a production business setting.
Resources
Production Costs Grading Guide
Generally Accepted Accounting Principles (GAAP), U.S. Securities and Exchange Committee (SEC)
Tutorial help on Excel and Word functions can be found on the Microsoft Office website. There are also additional tutorials via the web offering support for Office products.
Assignment Steps
Scenario: Davis Skaros has recently been promoted to production manager. He has just started to receive various managerial reports, including the production cost report you prepared. It showed his department had 2,000 equivalent units in ending inventory. His department has had a history of not keeping enough inventory on hand to meet demand. He has come to you, very angry, and wants to know why you credited him with only 2,000 units when he knows he had at least twice that many on hand.
Prepare a maximum 700-word informal memo and explain to Mr. Skaros why his production cost report showed only 2,000 equivalent units in ending inventory. Using a professional tone, explain to him clearly why your report is accurate.
Design Class Project…
So this for a design class. What i want is designing a road sign the applies to the terms and roles posted below
Here are terms and mechanical specifications for the road sign project:
1. 11 x 17 no bleed
2. Use Illustrator or InDesign
3. Label should appear under each sign
4. Turn in print-ready PDF with trim/crop marks
Terms:
1. Native American Village
2. Ant Farm
3. Baseball Field
4. Checkers Area
5. Fortune Teller
6. Baseball Field
7. Red Light District
8. Botanical Gardens
9. Kite Flying Area
10. Nuclear Power Plant
11. Earthquake Fault Zone
12. Paratrooper Landing
13. (One sign of your own choice)
BUS 322 QUIZ 3
Question 1
The expectancy theory of motivation focuses on:
individual needs.
social exchange processes.
personal perceptions.
learning.
Question 2
Frederick Taylor’s scientific management advanced the idea that:
unfulfilled needs acted as motivation.
the relationship of management and labor should be one of cooperation rather than conflict.
money was not a motivator.
self-interest and economic gain are motivators for the owners of production and not the employees of owners
Question 3
Persons who have a strong desire to influence others are high in the:
need for achievement.
need for affiliation.
need for safety.
need for power.
Question 4
The expectancy theory prediction that people work to maximize their personal outcomes is consistent with:
Adams’ equity theory of social exchange contributions/inputs.
Adam Smith’s ideas of working in one’s own self interest.
Maslow’s hierarchy of need and the progression hypothesis.
Herzberg’s emphasis on pay and hygiene factors.
Question 5
According to the Protestant ethic, a person should work hard because hard work and prosperity would lead to a place in heaven. The organizational scholar who advanced the Protestant Ethic notion was .
John Calvin
Sigmund Freud
Adam Smith
Max Weber
Question 6
Modern management practices such as employee management recognition programs, flexible benefit packages, and stock ownership plans emphasize:
internal needs.
intrinsic motivation.
external incentives.
the principle of the psychodynamic theory
Question 7
Adam Smith formulated the “invisible hand” and the free market to explain the motivation for individual behavior. The “invisible hand” refers to:
personal ethics in a free market system.
unconscious motives.
internal needs.
unseen forces of a free market system.
Question 8
The Thematic Apperception Test (TAT) is used to measure:
a person’s tendency to not use perception.
the achievement motive of an individual.
the equity perceptions of an individual.
cognitive themes of an individual.
Question 9
Which of the following is considered a motivating factor in Herzberg’s two-factor theory?
Recognition
Fringe benefits
Supervision
Working conditions
Question 10
McGregor believed that Theory X assumptions were appropriate for:
individuals located at the top of the organization.
employees located at the lower level of the organization.
individuals motivated by lower order needs.
individuals motivated by higher order needs.
Question 11
The motivation theory that holds that employee motivation is determined by the belief that a valued outcome will result from effort is called the:
equity theory.
goal-setting theory.
expectancy theory.
two-factor theory.
Question 12
The proposition that a person’s life was founded on the compulsion to work and the power of love is related to the:
Protestant ethic.
psychoanalytic approach.
process theories.
Calvinistic perspective on motivation.
Question 13
Maslow’s progression hypothesis states that:
as one level of need is satisfied, an individual considers the next higher level of need as a source of motivation.
it is important to focus more on the physical and economic needs of individuals than on their psychological and interpersonal needs.
individuals will move up the hierarchy of needs as well as down the hierarchy.
higher order needs are more important than lower order needs.
Question 14
The process of arousing and sustaining goal-directed behavior is called:
energizing.
psychoanalysis.
motivation.
affiliation.
Question 15
The sets of needs related to the animalistic avoidance of pain and human desire for psychological growth form the basis for:
Theory X & Theory Y.
Maslow’s hierarchy of needs.
McClelland’s need theory.
Herzberg’s two-factor theory.
Question 16
In the context of schedules of reinforcement, if a random number of responses must be emitted before reinforcement occurs, it is a ________ schedule.
fixed interval
fixed ratio
variable interval
variable ratio
Question 17
A form of operant conditioning that has been used successfully to shape organizational behavior is known as:
job enrichment.
organizational behavior development.
employee empowerment.
organizational behavior modification.
Question 18
As part of a performance appraisal, companies develop employees and enhance careers through:
electronic performance monitoring.
self-evaluation.
coaching and counseling.
empathetic listening.
Question 19
The process of modifying behavior so that a conditioned stimulus is paired with an unconditioned stimulus and elicits an unconditioned response is known as:
operant conditioning.
classical conditioning.
reinforcement.
learning.
Question 20
The strongest way for an employee to develop self-efficacy is to:
develop an internal locus of control.
develop a high degree of self-monitoring.
use the extinction method.
succeed at a challenging task.
Question 21
The behaviorist approach to learning assumes that observable behavior is a function of:
both the person and the environment.
external cues.
its consequences.
the interaction between the affect and cognitive components of an individual.
Question 22
The process of modifying behavior through the use of positive or negative consequences following specific behaviors is known as .
classical conditioning
Pavlovian conditioning
Skinner’s Integrated Model of conditioning
operant conditioning
Question 23
All of the following are problems that contribute to the inaccuracy of performance appraisals except:
deficiency.
unreliability.
invalidity.
recording.
Question 24
Central to Bandura’s social learning theory is the concept of ________.
self-monitoring
classical conditioning
task-specific self-efficacy
continuous reinforcement
Question 25
Management by objectives is a goal-setting and performance-planning program developed by ________.
Albert Bandura
B.F. Skinner
J. Willard Marriott
Peter Drucker
Question 26
An important intermediate step between goal acceptance and goal accomplishment is:
behavior/reward contingencies.
goal clarity.
goal commitment.
goal specificity.
Question 27
All of the following are generally considered to be good characteristics of work goals except:
specific.
time-bound.
measurable.
moderately difficult.
Question 28
An informational cue that indicates the degree to which a person behaves the same way in other situations is known as ________.
consistency
consensus
distinctiveness
inconsistency
Question 29
Intuitors, in terms of learning, prefer:
to search for practical applications.
interpersonal involvement.
specific, empirical data.
theoretical frameworks.
Question 30
In the animal learning research by Pavlov, the sound of the bell was the:
conditioned response.
unconditioned response.
conditioned stimulus.
unconditioned stimulus.
Cognitive dissonance of customer purchases
iterature Review Requirements
•The topic for this assignment:
The cognitive dissonance of customer purchases increases the likelihood of buyer’s remorse. If cognitive dissonance is prevented, then buyer’s remorse will not exist.
•Select resources that will help support the reason for your study and for how you design your study. It
may be that the 10 references do not fit with the direction you end up pursuing. You can find other
references that are more applicable.
•You can integrate research studies in your literature review in many different ways. You can organize
your paper by subtopics, pros/cons, strengths/weaknesses, advantages/disadvantages, chronological, etc. The organization should make sense for your topic.
•A high-quality paper involves integrating your references. In other words, you should not article stack,
where you summarize Study 1, then Study 2, etc.
•It is a good idea to include how the study contributes to the body of literature on the topic (in other
words, why it is important), weaknesses or strengths of the study, and what future research is possible.
•Citations must be provided throughout the paper. Ideas must be cited, as well as quotations.
•Literature reviews are very similar to term papers.
•This should be a minimum of 5 pages.
MT480
Multiple Choice Question 49
Cadmium Electronics Inc. currently has a capital structure that is 40% debt and 60% equity. If the firm’s cost of equity is 12%, the cost of debt is 8%, and the risk-free rate is 3%, what is the appropriate WACC?
| [removed] | 9.2% |
| [removed] | 8.4% |
| [removed] | 9.6% |
| [removed] | 10.4% |
Multiple Choice Question 50
Gangland Water Guns, Inc. has a debt-to-equity ratio of 0.5. If the firm’s cost of debt is 7% and its cost of equity is 13%, what is the appropriate WACC?
| [removed] | 9% |
| [removed] | 10% |
| [removed] | 11% |
| [removed] | None of the above. |
Multiple Choice Question 66
The use of debt financing
| [removed] | causes a manager to take on riskier projects in order to make interest payments. |
| [removed] | limits the ability of managers to waste stockholders’ money. |
| [removed] | allows managers to make discretionary interest payments. |
| [removed] | is more expensive than issuing equity due to the use of covenants. |
Multiple Choice Question 69
The use of debt financing
| [removed] | increases agency costs between the stockholders and management by limiting the amount of risk the managers take. |
| [removed] | increases agency costs since managers prefer to keep more retained earnings rather than paying dividend. |
| [removed] | both increases agency costs between the stockholders and management by limiting the amount of risk the managers take and increases agency costs since managers prefer to keep more retained earnings rather than paying dividend. |
| [removed] | reduces agency costs between the stockholders and management by increasing the amount of risk the managers take. |
Multiple Choice Question 70
The asset substitution problem occurs when
| [removed] | managers substitute less risky assets for riskier ones to the detriment of equity holders. |
| [removed] | managers substitute more risky assets for less risky ones to the detriment of bondholders. |
| [removed] | managers substitute less risky assets for more risky ones to the detriment of bondholders. |
| [removed] | managers substitute more risky assets for less risky ones to the detriment of equity holders. |
Multiple Choice Question 72
Packman Corporation has a reported EBIT of $500, which is expected to remain constant in perpetuity. The firm borrows $2,000, and its coupon rate is 8%. If the company’s marginal tax rate is 30% and its average tax rate is 20%, what are its after-tax earnings?
| [removed] | $238 |
| [removed] | $272 |
| [removed] | $259 |
| [removed] | None of the above |
Multiple Choice Question 80
Which of the following supports the trade-off theory of capital structure?
| [removed] | Firms use cash on hand first, since issuing equity and debt is expensive. |
| [removed] | A firm’s capital structure is the result of past equity and debt issuance decisions. |
| [removed] | Firms have a target capital structure. |
| [removed] | Both firms use cash on hand first, since issuing equity and debt is expensive and a firm’s capital structure is the result of past equity and debt issuance decisions. |
Multiple Choice Question 39
Which of the following statements is true of S-corporation?
| [removed] | An S-corporation can have more than 100 stockholders. |
| [removed] | An S-corporation is a variation of the LLC (limited liability company). |
| [removed] | All profits of an S-corporation pass directly to the stockholders as they would pass to the partners in a partnership. |
| [removed] | Only foreign investors can own the shares of an S-corporation. |
Multiple Choice Question 43
Which of the following statements is true about business plans?
| [removed] | A well-prepared business plan makes it easier for an entrepreneur to communicate to potential investors precisely what returns an investor might expect to receive. |
| [removed] | A well-prepared business plan always avoids contingent liabilities as the plan helps to predict and change the occurrence of a contingent liability. |
| [removed] | A business plan is useful only in case of exigency in the business environment otherwise a business plan is not important. |
| [removed] | A business plan is a trivial part in the overall strategy formulation and its impact on business operations in the long run is miniscule. |
Multiple Choice Question 49
Which of the following statements is true of business valuation principle?
| [removed] | The value of a business is solely affected by managers’ financing decisions. |
| [removed] | As per first valuation principle, the value of business does not change over time. |
| [removed] | Estimating the fair market value of a business includes the value of synergies or the effects of any investor-specific management style. |
| [removed] | The fair market value of a business is the value of that business to a hypothetical person who is knowledgeable about the business. |
Multiple Choice Question 52
When using the multiples analysis approach to valuing a business, one must be aware:
| [removed] | of the presence of a marketability premium that can be sizable. |
| [removed] | of the adjusted book value of a business which is the cost of duplicating the assets of the business in their present form as of the valuation date. |
| [removed] | of the presence of a marketability discount that can be sizable. |
| [removed] | of the stock value of similar companies whose shares are not publicly traded. |
Multiple Choice Question 53
The transaction approach is difficult to use because:
| [removed] | transactions involving the purchase or sale of an entire business in an industry tend to occur frequently and hence the amount of data is immense. |
| [removed] | transactions data are typically as reliable as the data available for multiples analysis, especially when they are associated with a private firm. |
| [removed] | the terms of the transactions can be easy to assess. |
| [removed] | the terms of the transactions can be difficult to assess. |
Multiple Choice Question 54
Which of the following statements about the free cash flow from the firm (FCFF) approach is true?
| [removed] | The costs associated with noninterest-bearing current liabilities, which are included in the firm’s cost of sales and other operating expenses, are added in the calculation of FCFF. |
| [removed] | We include the cash necessary to pay short-term liabilities that do not have interest charges associated with them, such as accounts payable and accrued expenses. |
| [removed] | The total value of the firm, VF, is computed as the present value of the FCFF, discounted by the firm’s weighted average cost of capital,WACC. |
| [removed] | The present value of these cash flows exceeds the total value of the firm, or its enterprise value. |
Multiple Choice Question 61
Sonicmony Soft, makes designer gold bracelets. Its annual costs include shop rent of $15,000, salaries for two jewelers of $125,000, design software costs of $12,000, and other overhead costs of $15,000. An average bracelet is priced at $6,500. It costs $2,200 in raw material, $1,500 in labor, and $400 in other expenses. What is the minimum number of bracelets that need to be sold to earn a profit? (Round to nearest whole unit.)
| [removed] | 18 bracelets |
| [removed] | 47 bracelets |
| [removed] | 70 bracelets |
| [removed] | 14 bracelets |
Multiple Choice Question 66
Settetocol, Inc., has cash of $12,000, receivables of $35,000, and inventory of $28,000. In addition, the firm has fixed assets of $120,000. Management has also told you that you can reasonably expect to collect 93 percent of the receivables, that the inventory could be sold to realize 84 percent of its book value, and that the sale of the property, plant, and equipment would yield $94,000. What is the liquidation value of this company? (Round to the nearest dollar.)
| [removed] | $139,695 |
| [removed] | $138,695 |
| [removed] | $174,866 |
| [removed] | $162,070 |
Multiple Choice Question 69
Cervil had an EBIT of $247 million in the last fiscal year. Its depreciation and amortization expenses amounted to $84 million. The firm has 135 million shares outstanding and a share price of $12.80. A competing firm that is very similar to Cervil has an enterprise value/EBITDA multiple of 5.40. What is the enterprise value of Cervil? (Round to the nearest million dollars.)
| [removed] | $453 million |
| [removed] | $1,334 million |
| [removed] | $1,315 million |
| [removed] | $1,787 million |
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preparation of financial reports
Top of Form
urpose of Assignment
This week’s focus is on the preparation of financial reports for internal users, such as managers. This case study applies the concepts of managerial accounting, through comparative and ratio analysis, and requires students to identify financial data needed by managers for decision making.
Resources
- Ratio Analysis Grading Guide
- Generally Accepted Accounting Principles (GAAP), U.S. Securities and Exchange Committee (SEC)
- Scenario Worksheet Tutorial help on Excel and Word functions can be found on the Microsoft Office website. There are also additional tutorials via the web offering support for Office products.
Assignment Steps
Scenario: You are a loan officer for White Sands Bank of Taos. Paul Jason, president of P. Jason Corporation, has just left your office. He is interested in an 8-year loan to expand the company’s operations. The borrowed funds would be used to purchase new equipment. As evidence of the company’s debt-worthiness, Jason provided you with facts (available in the attached Scenario Worksheet). Jason is a very insistent (some would say pushy) man. When you told him you would need additional information before making your decision, he acted offended and said, “What more could you possibly want to know?” You responded you would, at minimum, need complete, audited financial statements.
Develop a minimum 700-word examination of the financial statements and include the following:
- Explain why you would want the financial statements to be audited.
- Discuss the implications of the ratios provided for the lending decision you are to make. That is, does the information paint a favorable picture? Are these ratios relevant to the decision? State why or why not.
- Evaluate trends in the performance of P. Jason Corporation. Identify each performance measure as favorable or unfavorable and explain the significance of each.
- List three other ratios you would want to calculate for P. Jason Corporation, and in your own words explain in detail why you would use each.
- As the loan officer, what else would you do to gain a better understanding of Paul Jason’s, and the Corporation’s financial picture and why?
- Based on your analysis of P. Jason Corporation, will you recommend approval for the requested loan? Provide specific details to support your decision.
Format the assignment according to APA guidelines.
Submit your assignment.
Resources:
Copyright ©2018 by University of Phoenix. All rights reserved.
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Top of Form
Bottom of Form
Inclusive School Culture Brochure
Create a brochure that shares how your school personnel is working collaboratively on building connections with community resources, partnerships, and technology infusion to support students’ learning and well-being.
Refer to the content at the bottom to address the following in your brochure:
1. Dispel myths about the culture of poverty in education with local and global perspectives;
2. Inclusive school culture characteristics;
3. Potential community resources to foster an inclusive school culture; and
4. Exhibit leadership with a vision of technology and community resources by describing how to develop higher-order thinking technological skills of personnel and the student body.
Support your points with 3-5 scholarly resources.
solid academic writing is expected and in-text citations and a reference page should be presented using APA documentation guidelines.
This assignment uses a rubric. Review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion. (see attached)
You are required to submit this assignment to Turnitin and attach report
Resources Recommended:
Read “Perceiving the Problem of Poverty and Schooling: Deconstructing the Class Stereotypes that Mis-Shape Education Practice and Policy,” by Gorski, from Equity & Excellence in Education (2012).
URL:
Read “Where is ________?”: Culture and the Process of Change in the Development of Inclusive Schools,” by McMaster, from International Journal of Whole Schooling (2015).
URL:
Read “Art Education Aims in the Age of New Media: Moving Toward Global Civil Society,” by Delacruz, from Art Education (2009).
URL:
Review the ISTE-T Standards.
URL:
http://www.iste.org/docs/pdfs/20-14_ISTE_Standards-T_PDF.pdf
Corporate Finance
1.
| Bombs Away Video Games Corporation has forecasted the following monthly sales: |
| January | $ | 98,000 | July | $ | 43,000 |
| February | 91,000 | August | 43,000 | ||
| March | 23,000 | September | 53,000 | ||
| April | 23,000 | October | 83,000 | ||
| May | 18,000 | November | 103,000 | ||
| June | 33,000 | December | 121,000 | ||
| Total annual sales = $732,000 |
| Bombs Away Video Games Corporation | |||||||
| Production and inventory schedule in units | |||||||
| Beginning inventory | + | Production | – | Sales | = | Ending inventory | |
| January | 23,000 | ||||||
| February | |||||||
| March | |||||||
| April | |||||||
| May | |||||||
| June | |||||||
| July | |||||||
| August | |||||||
| September | |||||||
| October | |||||||
| November | |||||||
| December | |||||||
Bombs Away Video Games sells the popular Strafe and Capture video game. It sells for $5 per unit and costs $2 per unit to produce. A level production policy is followed. Each month’s production is equal to annual sales (in units) divided by 12.
Of each month’s sales, 40 percent are for cash and 60 percent are on account. All accounts receivable are collected in the month after the sale is made.
| a. | Construct a monthly production and inventory schedule in units. Beginning inventory in January is 23,000 units. |
| b. | Prepare a monthly schedule of cash receipts. Sales in December before the planning year are $100,000. |
| Bombs Away Video Games Corporation | |||||||||||
| Cash Receipts Schedule | |||||||||||
| January | February | March | April | May | June | ||||||
| Sales | $ | $ | $ | $ | $ | $ | |||||
| Cash receipts: | |||||||||||
| Cash sales | $ | $ | $ | $ | $ | $ | |||||
| Prior month’s credit sales | |||||||||||
| Total cash receipts | $ | $ | $ | $ | $ | $ | |||||
| Bombs Away Video Games Corporation | |||||||||||
| Cash Receipts Schedule | |||||||||||
| July | August | September | October | November | December | ||||||
| Sales | $ | $ | $ | $ | $ | $ | |||||
| Cash receipts: | |||||||||||
| Cash sales | $ | $ | $ | $ | $ | $ | |||||
| Prior month’s credit sales | |||||||||||
| Total cash receipts | $ | $ | $ | $ | $ | $ | |||||
| Prepare a cash payments schedule for January through December. The production costs of $2 per unit are paid for in the month in which they occur. Other cash payments, besides those for production costs, are $43,000 per month. |
| Bombs Away Video Games Corporation | |||||||||||
| Cash Payments Schedule | |||||||||||
| Constant production | |||||||||||
| January | February | March | April | May | June | ||||||
| Production cost | $ | $ | $ | $ | $ | $ | |||||
| Other cash payments | |||||||||||
| Total cash payments | $ | $ | $ | $ | $ | $ |
| Bombs Away Video Games Corporation | |||||||||||
| Cash Payments Schedule | |||||||||||
| Constant production | |||||||||||
| July | August | September | October | November | December | ||||||
| Production cost | $ | $ | $ | $ | $ | $ | |||||
| Other cash payments | |||||||||||
| Total cash payments | $ | $ | $ | $ | $ | $ | |||||
2.
Guardian Inc. is trying to develop an asset-financing plan. The firm has $400,000 in temporary current assets and $300,000 in permanent current assets. Guardian also has $500,000 in fixed assets. Assume a tax rate of 25 percent. (Do not round intermediate calculations. Round your answers to the nearest whole number.)
Construct two alternative financing plans for Guardian. One of the plans should be conservative, with 60 percent of assets financed by long-term sources, and the other should be aggressive, with only 56.25 percent of assets financed by long-term sources. The current interest rate is 13 percent on long-term funds and 8 percent on short-term financing. Compute the annual interest payments under each plan.
| Annual Interest | |
| Conservative | $ |
| Aggressive | $ |
Given that Guardian’s earnings before interest and taxes are $280,000, calculate earnings after taxes for each of your alternatives.
| Earnings After Taxes | |
| Conservative | $ |
| Aggressive | $ |
What would the annual interest and earnings after taxes for the conservative and aggressive strategies be if the short-term and long-term interest rates were reversed?
| Conservative | Aggressive | |
| Total interest | $ | $ |
| Earnings after taxes | $ | $ |
3.
Biochemical Corp. requires $740,000 in financing over the next three years. The firm can borrow the funds for three years at 12.60 percent interest per year. The CEO decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 9.25 percent interest in the first year, 13.50 percent interest in the second year, and 10.50 percent interest in the third year. Assume interest is paid in full at the end of each year.
Determine the total interest cost under each plan.
| Interest Cost | |
| Long-term fixed-rate | $ |
| Short-term variable-rate | $ |
Which plan is less costly?
Long-term fixed-rate plan
Short-term variable-rate plan
4.
Carmen’s Beauty Salon has estimated monthly financing requirements for the next six months as follows:
| January | $ | 8,100 | April | $ | 8,100 |
| February | 2,100 | May | 9,100 | ||
| March | 3,100 | June | 4,100 |
Short-term financing will be utilized for the next six months. Projected annual interest rates are:
| January | 5 | % | April | 12 | % |
| February | 6 | May | 12 | ||
| March | 9 | June | 12 |
What long-term interest rate would represent a break-even point between using short-term financing and long-term financing? (Round the monthly interest rate to 2 decimal places when expressed as a percent (e.g., .67%) and use this rounded rate to compute the monthly interest. Round the monthly interest to the nearest whole cent. Use the rounded monthly interest amounts to compute the total interest for the 6-month period. Input your answer as a percent rounded to 2 decimal places.)
| Interest rate | % |
5.
Assume that Hogan Surgical Instruments Co. has $2,700,000 in assets. If it goes with a low-liquidity plan for the assets, it can earn a return of 15 percent, but with a high-liquidity plan, the return will be 11 percent. If the firm goes with a short-term financing plan, the financing costs on the $2,700,000 will be 7 percent, and with a long-term financing plan, the financing costs on the $2,700,000 will be 9 percent.
| Compute the anticipated return after financing costs with the most aggressive asset-financing mix.Anticipated return$ |
Compute the anticipated return after financing costs with the most conservative asset-financing mix.
| Anticipated return | $ |
Compute the anticipated return after financing costs with the two moderate approaches to the asset-financing mix
| Anticipated Return | |
| Low liquidity | $ |
| High liquidity | $ |
Quiz 6 Principles Of Financial Plan
Course Home – QUIZ 6
Top of Form
Bottom of Form
| Question 1. 1. The blackout period refers to the period of time immediately following the death of the breadwinner. (Points : 0.1) [removed] True [removed] False Question 2. 2. Long-term care insurance pays benefits when the insured is unable to perform at least three of the activ- ities of daily living (ADL). (Points : 0.1) [removed] True [removed] False Question 3. 3. Term life insurance is considered “pure insurance.” (Points : 0.1) [removed] True [removed] False Question 4. 4. Personal risk management is a systematic process of identifying, evaluating, and managing pure risk exposures faced by an individual. (Points : 0.1) [removed] True [removed] False Question 5. 5. Pure risk is the chance of a loss or no loss occurring, but with pure risk there is no chance of experienc- ing a gain. (Points : 0.1) [removed] True [removed] False Question 6. 6. With pure risk there is an equal chance of experiencing a gain or loss. (Points : 0.1) [removed] True [removed] False Question 7. 7. Loss severity is the expected number of losses that will occur within a given period of time while loss frequency refers to the potential size or financial damage of a loss. (Points : 0.1) [removed] True [removed] False Question 8. 8. As a general rule, everyone needs life insurance sufficient to replace future income, regardless of whether they have dependents. (Points : 0.1) [removed] True [removed] False Question 9. 9. A risk that is as big as or bigger than untimely death is early disability. (Points : 0.1) [removed] True [removed] False Question 10. 10. An example of moral hazard is not locking the doors of your home when you are out of town for two weeks because you have insurance, while an example of morale hazard is burning down your house to collect insurance. (Points : 0.1) [removed] True [removed] False |
Strike Right or Strikeout?
Strike Right or Strikeout?: Part I
Founded on October 3, 1887, Florida Agricultural and Mechanical University (FAMU), a member of Florida’s State University System (SUS) is the third-largest Historically Black College or University (HBCU) in the United States. FAMU was ranked number seven on the U.S. News and World Report’s 2020 ( https://www.usnews.com/best-colleges/rankings/hbcu) list of the best HBCUs.
For the past decade or so, across the country, there has been a heated debate about the relevance and necessity of HBCUs. This context puts FAMU, HBCUs and other minority-serving institutions (MSIs) in a precarious position as federal budgets for education continue to dwindle, with the effects trickling down to state government and the public universities funded by their respective state budgets. According to the Southern Education Foundation, as of 2014, 30 states had adopted performance funding models– ( https://www.southerneducation.org/wp-content/uploads/2018/10/Performance-Funding-at-MSIs-Report.pdf) policies that provide economic incentives to colleges and universities to improve their student and institutional outcomes.
In 2015, FAMU’s leadership began the arduous task of adjusting its strategic plan ( https://www.famu.edu/Strategic/FAMU%20Strategic%20Plan%202017-2022%20Final_reduced%20size.pdf ) in response to the rapidly changing landscape of higher education- including the Florida Board of Governor’s adoption of a performance-based funding (PBF) model. The Board of Governors’ is the agency that regulates the State University System, comprised of 11 universities across the state.
Your deliverables for Part I of this case, to be discussed and debated in real-time during class, requires you to analyze the solutions developed by the leadership and administration of FAMU in its 2017-2022 Strategic Plan.
As a required reflexive response in your SSJ, document your thoughts on if the plan strikes right or strikes out. How do you justify your position? What is your analysis of the strategic plan?
Be prepared to engage in a dialogue based on your reflexive notes in class on Wednesday.
Note to Readers: This “library” case, “Strike Right or Strikeout?”, has been designed using publically available information and references FAMU’s 2017-2022 Strategic Plan as a relevant analytical tool. The Southern Education Foundation’s report on performance-based funding (PBFs) at minority-serving institutions (MSIs) provides an interpretive framework to draw upon. “Strike Right or Strike Out?” is for undergraduate students enrolled in the Principles of Management course facilitated by Professor LaTanya White. It is a mini-case with deliverables that are divided into three parts.
fraud cases
Imagine you are as a Certified Fraud Examiner. You have been hired by the Securities and Exchange Commission (SEC) as a fraud prevention and detection expert. The position you were hired for is to provide training to SEC employees on lessons learned from financial statement fraud committed by publicly traded companies.
Research at least two (2) major fraud cases that were a result of financial statement fraud.
Write a four to six (4-6) page paper in which you:
- Assess the culture of the organizations that you researched, analyzing the corporate culture or “tone at the top”.
- Assess the causes of the financial statement fraud(s) and the effectiveness of fraud prevention and detection at those companies based on the research you conducted. Provide support for your assessment.
- Propose what could / should have been implemented in those companies that would have prevented or detected the fraud, indicating who should have been responsible for the implementation. Provide support for your proposal.
- Explore the roles and responsibilities at these companies and assess whether that contributed to the fraud, indicating how these roles should be changed to prevent future fraudulent activity. Provide support for your rationale.
- Evaluate the effectiveness of SEC regulation and requirements, indicating improvements needed to detect fraud in the future. Provide support for your recommendations.
- Use at least three (3) quality resources in this assignment. Note: Wikipedia, Investopedia, and similar websites do not qualify as quality resources. You have access to Strayer University’s Online Library at https://research.strayer.edu and the iCampus University Library Research page at https://icampus.strayer.edu/library/research.
Your assignment must follow these formatting requirements:
- Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
- Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
- Get Homework Help Now!
Excel 2016 Skills Approach – Ch 8 Fix It 8.6
A Skills Approach: Excel 2016 Chapter 8: Exploring Advanced Data Analysis
1 | Page Fix It 8.6 (Mac 2016) Last Updated 4/4/18
Fix It 8.6 (Mac 2016 Version) In this project, you will fix errors in financial data for a restaurant chain to find which locations are the lowest
performers and correct the Solver parameters to set target sales goals for next year using reasonable constraints.
You will create the missing scenario summary report.
Skills needed to complete this project: • Managing Conditional Formatting Rules
• Filtering and Sorting Using Cell Attributes
• Sorting Data on Multiple Criteria
• Using Advanced Filter
• Creating a Custom Filter
• Refreshing Data in a PivotTable
• Creating What‐If Analysis Scenarios
• Activating the Solver Add‐In
• Using Solver
• Creating Scenario Summary Reports
This image appears when a project instruction has changed to accommodate an update to Microsoft Office 365. If the instruction does not match your version of Office, try using the alternate instruction instead.
1. Open the start file EX2016-FixIt-8-6. The file will be renamed automatically to include your name.
Change the project file name if directed to do so by your instructor, and save it.
2. If the workbook opens in Protected View, click the Enable Editing button in the Message Bar at the top of the
workbook so you can modify the workbook.
3. There are multiple conditional formatting rules applied to cells in the Financial Data worksheet. Make
changes to the conditional formatting rules on this worksheet only.
a. There should be three conditional formatting rules: a Top 2 rule, a Bottom 2 rule, and an Icon Set
rule. Delete all the extra rules.
b. Correct the cell range for the remaining rules. All the rules should be applied to cells D5:G20.
c. Fix the remaining conditional formatting rules so if the value of the cell is in the top 2 values or the
bottom 2 values, the icon rule is not applied.
4. Now that the conditional formatting rules have been fixed, sort the data alphabetically by the value in the
Location column and then by icon in the Quarter 1 column so rows with the up arrow are at the top and
rows with the bottom arrow are at the bottom.
a. If necessary, be sure to click a cell in the data set to de-select the D5:G20 cell range or the sort will be
applied to only the selected cells and your data will be mixed up.
Step 1
Download start file
A Skills Approach: Excel 2016 Chapter 8: Exploring Advanced Data Analysis
2 | Page Fix It 8.6 (Mac 2016) Last Updated 4/4/18
b. You will need to use the Sort dialog as this requires a multi‐level sort.
c. If the sort if performed correctly, the data will be sorted by location, and then within each location, by
the icon in the Quarter 1 column.
5. An advanced filter should be performed to find any locations with a profit/loss for any quarter less than
or equal to 10,000. The results should be copied to cell I4.
a. The criteria range beginning in cell A23 is set up incorrectly. The criteria for this filter should include
values <10,000 in Quarter 1 or <10,000 in Quarter 2 or <10,000 in Quarter 3 or <10,000 in Quarter 4.
b. The previous attempt at using Advanced Filter used the wrong Criteria range.
c. The previous attempt at using Advanced Filter resulted in an incorrect Copy to range. Be sure to start
the new Copy to range in cell I4.
d. AutoFit column K.
6. Apply a custom number filter to the main data set to show only stores with a profit greater than $55,000 in
Quarter 4. You will need to select the data range A4:G20 before enabling Filter.
- The data underlying the PivotTable have been updated since it was created. Update the PivotTable and
- Get Homework Help Now!
PivotChart.
The data underlying the PivotTable have been updated since it was created. Update the
PivotTable.
8. Conditional formatting rules have been applied to the data on the Financial Targets worksheet to highlight
the two lowest values for each quarter. However, the values for Quarter 4 are not highlighted. Use the
Conditional Formatting Rules Manager to fix the problem.
9. The Financial Targets worksheet has two scenarios for possible sales targets for next year. Show the 20%
Increase for All Locations scenario.
10. The Financial Targets worksheet has been set up with Solver parameters to find reasonable target sales goals
for the two worst locations for each quarter. Some locations had shown very uneven profit/loss results
from quarter‐to‐quarter. The Solver parameters include constraints to limit the new sales target for each
cell to less than or equal to the average quarterly sales for that location.
Fix the Solver parameters to find the maximum possible value for the overall average quarter income (cell G24) by
changing the values in cells C10, C15, D15, D19, E15, E19, F10, and F19 within the following constraints. It may
be easier to delete all of the existing constraints and start over.
a. For each quarter, the value of the two variable cells for that quarter must be equal to each another.
This requires a total of four constraints.
A Skills Approach: Excel 2016 Chapter 8: Exploring Advanced Data Analysis
3 | Page Fix It 8.6 (Mac 2016) Last Updated 4/4/18
b. None of the changing cells can have a value greater than half the average for that location (the location
average is calculated in column G). This requires a total of eight constraints — one for each variable cell
where the value is less than or equal to the value in the average cell for that location.
c. Fix the Solver parameters and then run Solver.
d. Keep the Solver solution and create a new scenario named Solver Results.
11. Create a scenario summary report to show the changing results for cell G24 only
12. Save and close the workbook
13. Upload and save your project file.
14. Submit project for grading. Step 2
Upload & Save
Step 3
Grade my Project
Financial Accounting, Business Accounting ANd You, Pennfoster , Graded Project
The goal of this graded project is to create the following financial statements for J & L Accounting, Inc.:
- Balance sheet
- Income statement
- Statement of retained earnings
- Post-closing trial balance
The financial statements must be created in one Microsoft Word document (.doc or .docx file). Alternatively, an Excel workbook may be used (.xls or .xlsx file). The Word or Excel file will be uploaded for grading.
INSTRUCTIONS
Read the following instructions thoroughly before beginning your work. This will help you to become familiar with what
is involved in the project. Some students start on the project right away, thinking they’ll save time. Those students tend to get stuck and spend more time working through the project than is necessary. The material you need to know in order
to complete the project has been covered in the textbook and the assigned exercises and problems. If you understand the chapters and completed the assigned homework problems, you should have no problem with the project.
The project is to be done by hand with a pencil and paper. Use the blank forms provided. At the end of the project, you’ll be given instructions for creating and uploading the financial statements in a Word or Excel file for grading.
27
Graded Project
Graded Project
Note: The formatting of financial statements is important. They follow Generally Accepted Accounting Principles (GAAP), which creates a uniformity of financial statements for analyz- ing. This allows for an easier comparison, as all businesses follow GAAP. Therefore, the financial statements should be created exactly the same way shown or referenced in the text- book. Failure to do so will result in a loss of points.
The project references “debits equaling credits.” This is a fundamental principle of accounting that mustn’t be violated. Doing so is not acceptable under any circumstance. Debits not equaling credits allows for “cooking of the books,” which is presenting false information. It also allows for embezzlement, which is theft by management or employees. If debits don’t equal credits, the cause may be a lack of understanding of accounting principles, such as those presented in the text- book and assigned homework problems, or a lack of focus and concentration when making journal entries, posting to ledger accounts, or completing math. Remember—instructors are available to help you with material you may be struggling with. Mistakes of the lack-of-focus variety are best corrected by going back over the work until the error is found.
The accounting equation must balance on the balance sheet. This is another fundamental principle of accounting that can’t be violated and if so is completely unacceptable. When the equation doesn’t balance and the numbers are “fudged,” this is easily detectable by someone who knows accounting. If your debits equal your credits and you understand which general ledger accounts belong on which financial state- ments, then the accounting equation should balance. It’s really all about understanding the concepts and applying
that understanding.
The following financial statements are provided from the prior accounting period for J & L Accounting, Inc.:
a) Post-closing trial balance
b) Balance sheet
c) Income statement
d) Statement of retained earnings
28
Financial Accounting
ACCOUNT TITLE
Cash, Business Checking Accounts Receivable Prepaid Rent
Vehicles
Accumulated Depreciation, Vehicles Equipment
Accumulated Depreciation, Equipment Accounts Payable
Common Stock Retained Earnings Dividends
Service Revenue Advertising Expense Rent Expense
Office Supplies Expense Telephone Expense Utilities Expense Depreciation Expense
TOTALS
DEBIT
20,500.00
48,000.00
3,600.00
BALANCE CREDIT
12,000.00
600.00
38,000.00 21,500.00
J & L Accounting, Inc. Post-Closing Trial Balance December 31, 2014
72,100.00
72,100.00
Lesson 2
29
ASSETS
Cash, Business Checking Accounts Receivable Prepaid Rent
Vehicles
Less: Accumulated Depreciation, Vehicles Equipment
Less: Accumulated Depreciation, Equipment
TOTAL ASSETS
LIABILITIES
Accounts Payable
TOTAL LIABILITIES
STOCKHOLDERS’ EQUITY
Common Stock Retained Earnings
TOTAL STOCKHOLDERS’ EQUITY
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY
48,000.00 12,000.00 3,600.00 600.00
20,500.00 0.00 0.00
36,000.00 3,000.00
59,500.00
0.00
0.00
38,000.00 21,500.00
59,500.00
59,500.00
J & L Accounting, Inc. Balance Sheet
As of December 31, 2014
30
Financial Accounting
REVENUES
Service Revenue
EXPENSES
Advertising Expense Rent Expense
Office Supplies Expense Telephone Expense Utilities Expense Depreciation Expense TOTAL EXPENSES
NET INCOME
10,275.00
J & L Accounting, Inc.
Income Statement
For the Month Ending December 31, 2014
2,300.00 1,000.00 300.00 750.00 3,200.00 1,100.00
8,650.00 1,625.00
Lesson 2
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Retained Earnings, December 1, 2014 Add: Net Income
Subtotal
Less: Dividends
Retained Earnings, December 31, 2014
19,875.00 1,625.00 21,500.00 0.00 21,500.00
J & L Accounting, Inc. Statement of Retained Earnings
For the Month Ending December 31, 2014
32
Financial Accounting
1)Using the following blank forms (make as many copies
as necessary), set up the general ledger accounts for the general ledger and insert the beginning balances for the accounts from the post-closing trial balance. The balances from the post-closing trial balance become the beginning balances of the accounts for the next account period.
| DATE | ITEM | POST REF. | DEBIT | CREDIT | BALANCE | ||
| DEBIT | CREDIT | ||||||
Lesson 2
33
| DATE | ITEM | POST REF. | DEBIT | CREDIT | BALANCE | ||
| DEBIT | CREDIT | ||||||
34
Financial Accounting
2) Journalize the following transactions in the general jour- nal using the following blank form (make as many copies as needed). When making journal entries, each individ- ual journal entry’s debits should equal its credits. (The amount for a journal entry can be incorrect or the entry can be incorrect. However, the debits still have to equal the credits even though the entry is incorrect. If the jour- nal entry is incorrect, it can be corrected later when making adjusting/correcting journal entries. For exam- ple, if the amount is supposed to be $1,100, and for some reason the amount of $1,010 is recorded, this is acceptable—although incorrect, it can be corrected later.) The total of the debits must always equal the total of the credits for each journal entry—always. This is a funda- mental GAAP that cannot be violated.
- On January 1, 2015, a payment in cash for $12,000 is made for prepaying rent for the entire year 2015.
- On January 4, 2015, accounting services are performed and payment is received in cash for the amount of $1,900.
- On January 9, 2015, a payment in cash for advertising is made in the amount of $850.
- On January 10, 2015, office supplies are purchased in the amount of $75 with cash.
- On January 14, 2015, accounting services are performed and payment is received in cash for the amount of $2,725.
- On January 20, 2015, the telephone bill for the amount of $660 is received and paid with cash.
- On January 20, 2015, the utilities bill for $2,925 is received. The bill won’t be paid until it is due on February 15, 2015.
- On January 27, 2015, accounting services are performed on account in the amount of $3,750.
- On January 28, 2015, a payment in cash for $1,500 is made for a bill from an advertising agency.
Lesson 2
35
| DATE | ACCOUNTS | POST REF. | Dr. | Cr. | |
36
Financial Accounting
- 3) Post the general journal entries from the journal to the corresponding general ledger accounts, paying particular attention to the posting being made (debit or credit). Use the Post Ref. column to ensure that each line item of the journal entries is posted correctly to each general ledger account. Posting from the journal to the general ledger is nothing more than rearranging the information. If the debits equal the credits for a particular journal entry and the information is posted correctly, the total of the debits should equal the total of the credits in the general ledger.
- 4) Calculate the balances in the general ledger accounts. (Use an Excel spreadsheet or a printing calculator, and run the numbers several times for accuracy. Often, deb- its won’t equal credits on the trial balance because a hand-held calculator is used and the math is done only once. Using a hand-held calculator can introduce errors. This is why an Excel spreadsheet is recommended. However, if a hand-held calculator is all that’s available to you, be sure to do the math enough times that you know the cal- culations are accurate.) To calculate the balances in the ledger accounts, you’ll need to do the following:
- 1) Add the debits.
- 2) Add the credits.
- 3) Subtract the larger amount from the other, or, alternatively, keep the running balance of the amount in the account and whether it’s a debit or credit on the ledger.
- 5) Create an unadjusted trial balance from the balances in the general ledger accounts. (Once again, be very careful when doing the math. When calculating the totals of the debit and credit columns, they should be equal. If not, do not continue until the debits equal the credits. An error has been made and must be found and corrected from the previous steps.) See page 129 of the text for an example of an unadjusted trial balance. Use the following blank form.
Lesson 2
37
| ACCOUNT | DEBIT | CREDIT | |
38
Financial Accounting
- 6) Journalize the following adjusting journal entries in the general journal, being sure that the debits equal the credits:
- Calculate and make the adjustment for the amount of pre-paid rent that has been used.
- Make an adjusting journal entry in the amount of $1,000 for depreciation of the vehicles.
- Make an adjusting journal entry in the amount of $100 for depreciation of the equipment.
- 7) Post the adjusting journal entries to the respective gen-
eral ledger accounts, again being sure that the postings are to the correct debit or credit side and that the Post Ref. column is used.
- 8) Calculate the new balances in the general ledger accounts. Create an adjusted trial balance from the balances in
the general ledger accounts using the same blank form provided in step 5 when you created the unadjusted trial balance. See Exhibit 3-3 on page 114 in your textbook for an example of an adjusted trial balance. Make sure the math is correct and that the debit column is equal
to the credit column. If not, don’t continue until the error has been found. - 9) Create the income statement for J & L Accounting, Inc. using the information from the adjusted trial balance. Use the following blank form to create the income statement. Its format should be the same as the format used for the statement provided at the beginning of the project for the prior accounting period.
Lesson 2
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40
Financial Accounting
- 10) Create the closing journal entries in the general journal to close the revenue, expense, and dividend accounts to the retained earnings account, paying attention to debits equaling credits.
- 11) Post the closing journal entries to the respective general ledger accounts.
- 12) Calculate the balances in the general ledger accounts.
- 13) Create a post-closing trial balance from the balances
in the general ledger accounts using the same blank form that was provided in step 5 when you created the unadjusted trial balance. The post-closing trial balance should be in the same format as the post-closing trial balance provided at the beginning of the project for the prior accounting period. Make sure the math is correct and that the debit column is equal to the credit column. If not, don’t continue until the error has been found. - 14) Create the balance sheet for J & L Accounting, Inc. using the information from the post-closing trial balance. If the debits equal the credits from the previous work and the closing entries were made properly, then the accounting equation should balance on the balance sheet. If the assets don’t equal the liabilities plus stockholders’ equity, an error has been made that needs to be corrected. The bal- ance of the accounting equation is another fundamental GAAP principle that can’t be violated. Use the following form to create the balance sheet. Its format should be the same as the format of the statement provided at the beginning of the project for the prior accounting period.
Lesson 2
41
42
Financial Accounting
15) Create the statement of retained earnings for J & L Accounting, Inc. using the ending balance from the statement of retained earnings from the prior period
and the net income from the income statement for the January accounting period. (No dividends were paid out during the month of January.) Follow the same format from the statement of retained earnings at the beginning of the graded project for the prior accounting period using the blank form on the following page.
Having created the balance sheet, the income statement,
the statement of retained earnings, and the post-closing trial balance on the blank forms that were provided, the financial statements must now to be typed up in a Microsoft Word document and saved as a .doc or .docx file. Microsoft Excel can also be used (saving the file with the extension .xls or .xlsx). Each financial statement should be on its own page (or worksheet). The name of the file should include your stu- dent ID number and the graded project exam number, such as “21512345_061579.docx” as an example.
Insert tables in the Word document if you feel you need them to format the financial statements. Alternatively, space and tab in Word to get the formatting of the statements set up correctly. Formatting is important. Also, keep in mind that points will be deducted for incorrect capitalization, spelling, underlining and double underlining, as well as for improper headings, dates, indentations, and columns.
Create all of the financial statements in one file. Submission of more than one file will result in the project being returned as ungraded. Submission of only one file is important for tracking and grading purposes.
Images or scanned images of the financial statements pasted into a Word document will also result in the project being returned as ungraded. This prevents the ability to “mark up” the file, and financial statements that are handwritten are generally considered unprofessional.
Only the financial statements are required. Submitted journals, ledgers, or unadjusted/adjusted trial balances will not be evaluated.
PLAGIARISM
Plagiarism is taking any part of a published piece of work and using it as your own.
Plagiarism is unacceptable at Penn Foster College. This is a reminder of the expectation to which all Penn Foster College students are held. Per your Student Handbook, students are expected to conduct themselves with the highest academic and ethical standards. Failure to do so results in disciplinary action.
Lesson 2
45
GRADING CRITERIA
The grading criteria for the project are as follows:
The formatting of the four financial statements is worth 10
points each for a total of 40 points (4
fraud risk assessment.
Since you did so well on the SEC’s tasks in Assignment 1, they recommended your services to a company in need of a fraud risk assessment.
The company, B.M. Madyson Plastics, Inc., is a mid-sized, regional manufacturing firm. The company is seeking your recommendations for fraud prevention strategies.
Use the Internet, Strayer databases, or your text to research the elements of an effective fraud policy.
Write a two to three (2-3) page paper in which you:
- Outline the elements of fraud prevention plan that communicates the most effective elements of a fraud policy, indicating the rationale behind each element.
- Make specific recommendations to management that demonstrate how the elements you chose will provide effective fraud prevention.
- Use at least three (3) quality resources in this assignment. Note: Wikipedia, Investopedia, and similar websites do not qualify as quality resources. You have access to Strayer University’s Online Library at https://research.strayer.edu and the iCampus University Library Research page at https://icampus.strayer.edu/library/research.
Your assignment must follow these formatting requirements:
- Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
- Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
- Get Homework Help Now!
Customer segments (buyer groups)
A customer-centered marketing strategy is the key to any successful marketing plan. For this project piece, you will complete the processes of segmenting, targeting, and positioning so that you will have a solid understanding of who your target customer is and how you should position your product.
In a 4-5 page paper (not including title and reference pages), include the following:
- Identify and describe at least three customer segments (buyer groups) within the market in which your product resides.
- Select the consumer segment that you will target as you market your product and explain why you chose this segment. Describe the chosen target market, being sure to include demographic, psychographic, behavioral, and geographic details about your target market.
- Discuss cultural elements that will need to be considered for your product based on the demographics that you’ve selected.
- Discuss the competitive landscape of your product:
- Who are your key competitors and how do you plan to position your product to stand out from the competition?
- What key benefits will you focus on as the foundation of your product positioning strategy?
When including your references please make sure you include the website you may be using to get information off from as well.
FINANCE 620 ASSIGNMENT
FINANCE 620 Assignments
1. (WACC) If Wild Widgets, Inc., were an all-equity company, it would have a beta of .
85. The company has a target debt–equity ratio of .40. The expected return on the
market portfolio is 11 percent, and Treasury bills currently yield 4 percent. The
company has one bond issue outstanding that matures in 20 years and has a coupon
rate of 7 percent. The bond currently sells for $1,080. The corporate tax rate is 34
percent.
a) What is the company’s cost of debt? (Do not round intermediate calculations and round
your final answer to 2 decimal places. (e.g., 32.16))
Cost of debt _______%
b) What is the company’s cost of equity? (Do not round intermediate calculations and round
your final answer to 2 decimal places. (e.g., 32.16))
Cost of equity ______%
c) What is the company’s weighted average cost of capital? (Do not round intermediate
calculations and round your final answer to 2 decimal places. (e.g., 32.16))
WACC
________%
2. (IPO Underpricing) The Woods Co. and the Garcia Co. have both announced IPOs
at $40 per share. One of these is undervalued by $9, and the other is overvalued by
$4, but you have no way of knowing which is which. You plan on buying 1,000
shares of each issue. If an issue is underpriced, it will be rationed, and only half your
order will be filled.
a) If you could get 1,000 shares in Woods and 1,000 shares in Garcia, what would your
profit be? (Do not round intermediate calculations.)
Profit _______$
b) What profit do you actually expect? (Do not round intermediate calculations.)
Expected profit ______$
3. (Lease or Buy) Wolfson Corporation has decided to purchase a new machine that
costs $3.2 million. The machine will be depreciated on a straight-line basis and will
be worthless after four years. The corporate tax rate is 35 percent. The Sur Bank
has offered Wolfson a four-year loan for $3.2 million. The repayment schedule is
four yearly principal repayments of $800,000 and an interest charge of 9 percent on
the outstanding balance of the loan at the beginning of each year. Both principal
repayments and interest are due at the end of each year. Cal Leasing Corporation
offers to lease the same machine to Wolfson. Lease payments of $950,000 per year
are due at the beginning of each of the four years of the lease.
a) What is the NAL of leasing for Wolfson? (Do not round intermediate calculations and
round your final answer to 2 decimal places. (e.g., 32.16))
NAL _______$
b) What is the maximum annual lease Wolfson would be willing to pay? (Enter your
answer in dollars, not millions of dollars, i.e. 1,234,567. Do not round intermediate
calculations and round your answer to the nearest whole dollar amount. (e.g., 32))
Annual lease payment ______$
4. (Black-Scholes) A stock is currently priced at $35. A call option with an expiration of
one year has an exercise price of $50. The risk-free rate is 7 percent per year,
compounded continuously, and the standard deviation of the stock’s return is
infinitely large. What is the price of the call option?
Call option price ______$
5. (Put-Call Purity) A put option and a call option with an exercise price of $85 and
three months to expiration sell for $2.40 and $5.09, respectively.
If the risk-free rate is 4.8 percent per year, compounded continuously, what is the current
stock price? (Do not round intermediate calculations and round your final answer to 2
decimal places. (e.g., 32.16))
Current stock price ________$
6. (Marking to Market) You are long 10 gold futures contracts, established at an initial
settle price of $1,580 per ounce, where each contract represents 100 ounces. Over
the subsequent four trading days, gold settles at $1,587, $1,582, $1,573, and $1,584,
respectively.
a) Calculate the profit or loss for each trading day. (A negative amount should be
indicated by a minus sign. Do not round intermediate calculations.)
Choose: Profit/Loss
Day 1
Day 2
Day 3
Day 4
$______
$______
$______
$______
b) Compute your total profit or loss at the end of the trading period. (Input amount as a
positive value. Do not round intermediate calculations.)
$______ (Profit or Loss)
7. (Duration) What is the duration of a bond with three years to maturity and a
coupon of 7 percent paid annually if the bond sells at par? (Do not round
intermediate calculations and round your final answer to 5 decimal places. (e.g.,
32.16161))
Duration:_______
8. You enter into a forward contract to buy a 10-year, zero coupon bond that will be
issued in one year. The face value of the bond is $1,000, and the 1-year and 11-year
spot interest rates are 5 percent and 7 percent, respectively.
a) What is the forward price of your contract? (Do not round intermediate calculations
and round your final answer to 2 decimal places. (e.g., 32.16))
Forward price
$________
b) Suppose both the 1-year and 11-year spot rates unexpectedly shift downward by 2
percent. What is the new price of the forward contract? (Do not round intermediate
calculations and round your final answer to 2 decimal places. (e.g., 32.16))
New forward price $________
Assess the sections
Write a five to seven (5-7) page paper in which you:
- Assess the sections of SOX, indicating the sections that you believe have the most impact on companies. Provide support for your rationale.
- Assess the sections of SOX, indicating those sections that have the greatest impact on the external auditor. Provide support for your rationale.
- Evaluate the external auditors’ response options requesting the external auditor to limit testing and the scope of an audit engagement by giving consideration to the ethical requirements and the auditor’s responsibility imposed by the Public Company Accounting Oversight Board (PCAOB). Recommend that based option providing a justification for your recommendation.
- Evaluate the cost / benefit ratio for most companies required to comply with SOX. Indicate whether the benefits are equivalent to the cost for minimizing the risk of accounting fraud. Provide support for your analysis.
- Use at least three (3) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources.
Your assignment must follow these formatting requirements:
- Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
- Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
- Get Homework Help Now!
Manager Analysis
| A manager has received an analysis of several cities being considered for a new office complex. The data (10 points maximum) are as follows: |
| Location Score | |||
| Factor | A | B | C |
| Business services | 9 | 6 | 6 |
| Community services | 7 | 6 | 7 |
| Real estate cost | 3 | 8 | 7 |
| Construction costs | 5 | 8 | 7 |
| Cost of living | 4 | 7 | 8 |
| Taxes | 5 | 5 | 4 |
| Transportation | 6 | 7 | 8 |
| a. | If the manager weights the factors equally, how would the locations stack up in terms of their composite factor rating scores? |
| A | is the best. |
| b. | If business services and construction costs are given weights that are double the weights of the other factors, how would the locations stack up? |
| A | is best and is least |
Social Media Sites and Consumer Attitudes
Topic “Consumer attitudes and the components of consumer attitudes”
Consumer attitudes toward products are influenced in a variety of ways. Consumer attitudes can be influenced by friends, family, previous experiences and the Internet.
Think about the social media sites that you use on a daily basis. Pick two of the most popular social media sites that you use. Examples could include: Vine, Instagram, Facebook, Twitter or Pinterest, etc. Reflect on the two sites you picked and discuss how these sites influence your attitude about products. Be sure to cite in your reflection specific examples.
Your work should be at least 500 words and draw from your own personal thoughts and ideas. This journal entry should be written in first person and use concepts from the lesson. If you use information from the textbook or lecture, be sure to cite your sources.
Finance Problem Help (3 Problems)
Problem 8-2
| The owner of Genuine Subs, Inc., hopes to expand the present operation by adding one new outlet. She has studied three locations. Each would have the same labor and materials costs (food, serving containers, napkins, etc.) of $1.80 per sandwich. Sandwiches sell for $2.59 each in all locations. Rent and equipment costs would be $5,080 per month for location A, $5,600 per month for location B, and $5,780 per month for location C. |
| a. | Determine the volume necessary at each location to realize a monthly profit of $10,000. (Do not round intermediate calculations. Round your answer to the nearest whole number.) |
| Location | Monthly Volume |
| A | [removed] |
| B | [removed] |
| C | [removed] |
| b-1. | If expected sales at A, B, and C are 20,300 per month, 22,900 per month, and 23,400 per month, respectively, calculate the profit of the each locations? (Omit the “$” sign in your response.) |
| Location | Monthly Profits |
| A | $ [removed] |
| B | $ [removed] |
| C | $ [removed] |
| b-2. | Which location would yield the greatest profits? |
| [removed]Location A[removed]Location B[removed]Location C |
Problem 8-9
| Location Score | ||||
| Factor (100 points each) | Weight | A | B | C |
| Convenience | .15 | 87 | 72 | 69 |
| Parking facilities | .20 | 82 | 85 | 97 |
| Display area | .18 | 88 | 92 | 92 |
| Shopper traffic | .27 | 94 | 90 | 84 |
| Operating costs | .10 | 96 | 86 | 91 |
| Neighborhood | .10 | 93 | 91 | 83 |
| 1.00 | ||||
| a. | Using the above factor ratings, calculate the composite score for each location. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) |
| Location | Composite Score |
| A | [removed] |
| B | [removed] |
| C | [removed] |
| b. | Determine which location alternative (A, B, or C) should be chosen on the basis of maximum composite score. |
| [removed]A[removed]B[removed]C |
Problem 8-12
| A toy manufacturer produces toys in five locations throughout the country. Raw materials (primarily barrels of powdered plastic) will be shipped from a new, centralized warehouse whose location is to be determined. The monthly quantities to be shipped to each location are the same. A coordinate system has been established, and the coordinates of each location have been determined as shown. Determine the coordinates of the centralized warehouse. (Round and to 1 decimal place.) |
| Location | (x,y) |
| A | 4,7 |
| B | 8,3 |
| C | 4,6 |
| D | 4,1 |
| E | 6,4 |
Trial balance
The following 25 transactions took place between October 31 and December 31 for Green Planet, Inc., an environmental consulting company. Using T accounts, post each transaction to the general ledger. Then develop a final trail balance, an income statement and a year-end balance sheet. Finally, include all closing entries to the temporary accounts needed to finalize your balance sheets with the retained earnings.
October 31
- Stockholders purchased 25,000,000 shares of Green Planet, Inc. for $10.00 per share. The stated Par Value is $0.10 per share.
October 31
- Bondholders purchased $10,000,000 of 20-year, 6% coupon par value bonds.
November 1
- Office furniture is purchased for $50,000, which includes sales tax and a delivery charge. Green Planet pays $5,000 down and finances $45,000, signing a note for 8%. Interest will be due quarterly for three years, and the principal will be paid in full three years from today. The first interest payment is due 3 months from today.
November 1
4. Signed a one-year lease for office space in the amount of $48,000. The company paid one year in advance by check.
November 1
- Purchased a one-year liability insurance policy. Paid entire amount of $7,200 in advance by electronic transfer. There was a $20 bank wire fee incurred on the transaction.
November 15
- Purchased computer aided design equipment for the landfill restoration projects. The cost of the equipment was $125,000, and the company used their American Express Plum corporate credit card to pay for the equipment.
November 20
- Purchased $700 of di-minimus office supplies (staples, pens, paper, etc.) on credit. The vendor offered 2/10, net 30 payment terms.
November 25
- For a project that is tentatively scheduled to begin in early December, Green Planet collected a deposit of $120,000 in cash from ABC Company. Either party reserves the right to cancel the project prior to its commencement.
November 28
- Received an electric bill for $120. The company plans to pay next month after receiving the next bill.
November 30
- Received the credit card bill from American Express. In addition to the equipment charge on November 15, there was a $40 charge made by the company executive at Staples (an office supply store) in the amount of $40. The terms are to pay immediately for a 2% discount, or pay the balance in full in 60 days from the date of the purchase. Green Planet plans to pay the full balance in 44 days.
November 30
- The company’s money market account increased by $650,000 for monthly interest that was posted to account.
- The company posted entries for the month of November for rent expense.
- The company posted entries for the month of November for insurance expense.
- Paid $24,000 of salaries to employees for the month of November.
December 16
- Paid the $700 of office supplies purchased November 20.
December 20
- Invoiced a customer (XYZ Company) for a 5 day project that has just been completed. The invoice is for $220,000 and has payment terms of due in full in 10 days.
December22
- Completed the project with ABC that began in early December. Green Planet invoiced ABC for $80,000, which reflected the fact that the total project revenue was $200,000 – of which $120,000 was already collected via the initial deposit.
December 31
- Paid $24,000 of salaries to employees for the month of December.
- Received the full $220,000 payment from XYZ Company.
- Received & paid the current electric bill for $135, as well as paid the old electric bill of $120.
- Received and paid a phone bill of $405.
- Recorded rent expense for the month of December.
- Recorded insurance expense for the month of December.
- Recorded interest income in the money market account of $645,000.
25. Recorded interest expense on the company’s 6%, $10
The Impact of Information Technology and the Global Economy
“The Impact of Information Technology and the Global Economy: An Organizational Success Overview”
Note:
1. I need Title, Abstract, Intro,Body, Conclusion and References
2. 13 pages with 10 peer reviewed references(Required / Must and should)
3. APA format
4. Similarity not more than 20%
Sociology:Domestic Violence Virtual Tour
Instructions:
For the Virtual Field Trip, find 2 websites that cover child neglect and complete the following assignment.
Compare and contrast these two sites based on the following questions:
- What are the names of the sites, URL’s
- Discuss the overall content and purpose of these websites.
- For what group were these sites created i.e. victims, perpetrators, law enforcement or other professionals?
- What organizations create/maintain these sites? Are they personal or professional websites?
- Is the information presented on these sites consistent with what you’ve learned so far in class and read?
- Do these sites contain statistics? Do they offer complete citations for the statistics? Are the statistics recent?
- To what gender are the sites aimed? Are they inclusive of both sexes? To what age group are the websites directed?
- Do you believe these to be credible sites? Why or why not?
- Would you recommend these sites to someone looking for help? Why or why not?
- Do the websites include information on Internet safety for victims? (if applicable)
- Do the sites include hotline numbers or links where people can find local or national resources? Do all the links work?
- What information could be added to these sites to change/improve it’s content?
- Are the sites easy to navigate?
- Were the sites visually appealing?
- If given, when were the sites last updated?
Answers should be given in paragraph form. The length of these papers will depend on your thoroughness in answering the questions, however, the papers should be no less than 2 typed double spaced pages. Please check for spelling and grammar in your papers. Points will be deducted for incomplete sentences, poor grammar and spelling errors.
Ryan Boot Company Analysis.
Problem:
A. Analyze Ryan Boot Company, using ratio analysis. Compute the ratios.
B. In your analysis, calculate the overall break-even point in sales dollars and the cash break-even point.
| Ryan Boot CompanyAnalysis Ratios | |||
| Ryan Boot | Industry | ||
| Profit margin | $292,500 ÷ 7,000,000 | 4.18% | 5.75% |
| Return on assets | $292,500 ÷ 8,130,000 | 3.60% | 6.90% |
| Return on equity | $292,500 ÷ 2,880,000 | 10.16% | 9.20x |
| Receivables turnover | $7,000,000 ÷ 3,000,000 | 2.33x | 4.35x |
| Inventory turnover | $7,000,000 ÷ 1,000,000 | 7.00x | 6.50x |
| Fixed asset turnover | $7,000,000 ÷ 4,000,000 | 1.75x | 1.85x |
| Total asset turnover | $7,000,000 ÷ 8,130,000 | 0.86x | 1.20x |
| Current ratio | $4,130,000 ÷ 2,750,000 | 1.50x | 1.45x |
| Quick ratio | $3,130,000 ÷ 2,750,000 | 1.14x | 1.10x |
| Debt to total assets | $5,250,000 ÷ 8,130,000 | 64.58% | 25.05% |
| Interest coverage | $700,000 ÷ 250,000 | 2.80x | 5.35x |
| Fixed charge coverage | ($700,000 + $200,000)/$250,000 + $200,000 + ($65,000/ (1-.35) = $900,000/$550,000 | 1.64x | 4.62x |
Answer:
B. BEP in sales dollars
First we must calculate the contribution margin.
CM = Sales – Variable expenses
CM = $7,000,000 – 4,200,000
CM = $2,800,000
Contribution Margin Ratio = CM ÷ Sales
CMR = $2,800,000 ÷ 7,000,000
CMR = 40%
BEP = Total Fixed Assets ÷ CMR
BEP = $2,100,000 ÷ 40%
BEP = $5,250,000 in sales dollars
Cash BEP = same as above accept the non cash expenses would be removed from the fixed assets per the instructor help.
Cash BEP = (TFA – Non Cash expenses) ÷ CMR
Cash BEP = ($2,100,000 – 500,000) ÷ 40%
Cash BEP = $1,600,000 ÷ 40%
Cash BEP = $4,000,000
Leadership: Influence Strategies on Employees
Scenario
You are the chief prosecutor heading an office with a number of assistant prosecutors, support staff, including paralegals and interns. Your paralegals are well-trained in legal research and in building databases for trials. You have to compile data on cases relating to the death penalty as part of a new tracking program that has been implemented by the state’s attorney general’s office. This is an unfunded mandate that does not provide any additional funds or resources to your office to establish a database. The project requires that you analyze cases prosecuted by your office over the previous 50 years, focusing on issues of racial and economic disparity.
Your assistant prosecutors seem to feel that data collection is mechanical work, fit only for fresh interns. However, you view it as an activity that is too important to delegate to your part-time interns or your paralegals without strong supervision.
Therefore, you decide to assign this duty to two of your senior prosecutors. They will have to devote 50 percent of their time to building the new database and performing the required analysis. You have chosen two prosecutors with the most experience prosecuting capital cases, knowing that they will be most familiar with the data. However, neither prosecutor has a strong background in data collection or computer-based statistical analysis. Both have expressed reservations about overseeing the project.
- Which strategies do you think are most effective for influencing employees to undertake new tasks? Why? Assess the advantages and disadvantages of these strategies in the context of this scenario.
- Should you use rational persuasion or the tactic of exchange strategy to influence the attorneys you selected for creating and maintaining the new database? Why? Explain how you might combine both, if necessary, to achieve the desired objective.
- What are the inspirational appeals you could make to the attorneys? Explain. Will inspirational appeals work better than pressure tactics? Why?
- As a leader, was it appropriate for you to select the two attorneys who would be assigned to this project? Would it have been better to request volunteers? Do you think this would lessen the need to persuade employees to take on this additional responsibility? Would the use of the paralegals change the dynamic as well as the work assignments?
- How much credence should leaders give to employees’ expressions of concern over assigned tasks? Under what circumstances might it be inappropriate for a leader to continue to apply persuasion tactics with employees who appear resistant to performing certain tasks?
- Which combination of the various proactive influence tactics would be most successful in influencing the staff? Why?
Support your responses with adequate research and supporting data
BUSI 320 Corporate Finance Online Exam
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1. award: 1.00 point
2. award: 1.00 point
Assume a corporation has earnings before depreciation and taxes of $102,000, depreciation of $40,000, and that it has a 35 percent tax bracket.
a. Compute its cash flow using the following format. (Input all answers as positive values.)
Earnings before depreciation and taxes $ Depreciation Earnings before taxes $ Taxes Earnings after taxes $ Depreciation Cash flow $
b. How much would cash flow be if there were only $12,000 in depreciation? All other factors are the same.
Cash flow $
c. How much cash flow is lost due to the reduced depreciation from $40,000 to $12,000?
Cash flow lost $
View Hint #1
Worksheet Difficulty: Basic Learning Objective: 12-02 Cash flow rather than earnings is used in the capital budgeting decision.
The Short-Line Railroad is considering a $120,000 investment in either of two companies. The cash flows are as follows:
Year Electric Co. Water Works
1 $ 60,000 $ 30,000 2 30,000 30,000 3 30,000 60,000
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3. award: 2.00 points
a. Compute the payback period for both companies. (Round your answers to 1 decimal place.)
Payback Period Electric Co. years Water Works years
b. Which of the investments is superior from the information provided?
Water Works Electric Co.
rev: 04_16_2014_QC_48106
Worksheet Difficulty: Basic
Learning Objective: 12-03 The payback method considers the importance of liquidity, but fails to consider the time value of money.
X-treme Vitamin Company is considering two investments, both of which cost $44,000. The cash flows are as follows:
Year Project A Project B
1 $46,000 $38,000 2 17,000 18,000 3 13,000 15,000
Use Appendix B for an approximate answer but calculate your final answer using the formula and financial calculator methods. a-1. Calculate the payback period for Project A and Project B. (Round your answers to 2 decimal
places.)
Payback Period Project A year(s) Project B year(s)
a-2. Which of the two projects should be chosen based on the payback method?
Project A Project B
b-1. Calculate the net present value for Project A and Project B. Assume a cost of capital of 8 percent. (Do
not round intermediate calculations and round your final answers to 2 decimal places.)
Net Present Value Project A $ Project B $
b-2. Which of the two projects should be chosen based on the net present value method? Project A
Project Bhttp://lectures.mhhe.com/connect/0077861612/appendix_b.jpg
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4. award: 1.00 point
5. award: 1.00 point
c. Should a firm normally have more confidence in the payback method or the net present value
method?
Net present value method Payback method
View Hint #1
Worksheet
Learning Objective: 12-03 The payback method considers the importance of liquidity, but fails to consider the time value of money.
Difficulty: Basic
Learning Objective: 12-04 The net present value and internal rate of return are generally the preferred methods of capital budgeting analysis.
You buy a new piece of equipment for $30,204, and you receive a cash inflow of $4,100 per year for 14 years. Use Appendix D for an approximate answer but calculate your final answer using the financial calculator method.
What is the internal rate of return? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
Internal rate of return %
View Hint #1
Worksheet Difficulty: Basic
Learning Objective: 12-04 The net present value and internal rate of return are generally the preferred methods of capital budgeting analysis.
Home Security Systems is analyzing the purchase of manufacturing equipment that will cost $95,000. The annual cash inflows for the next three years will be:
Year Cash Flow
1 $ 48,000 2 46,000 3 41,000
Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the financial calculator method.
a. Determine the internal rate of return. (Do not round intermediate calculations. Enter your answer
as a percent rounded to 2 decimal places.)
Internal rate of return %javascript:doHint(‘13252700675040058′,%20”,%20’%3Ca+target%3D%22_blank%22+href%3D%22http%3A%2F%2Fwww.viddler.com%2Fembed%2F3bd6dc8a%2F%3Ff%3D1%26amp%3Bautoplay%3D0%26amp%3Bplayer%3Dsimple%26amp%3Bdisablebranding%3D0%22%3EGuided+Example%3C%2Fa%3E’);http://lectures.mhhe.com/connect/0077861612/appendix_d.jpgjavascript:doHint(‘13252700675040176′,%20”,%20’%3Ca+target%3D%22_blank%22+href%3D%22http%3A%2F%2Fwww.viddler.com%2Fembed%2Ff1d2dab%2F%3Ff%3D1%26amp%3Bautoplay%3D0%26amp%3Bplayer%3Dsimple%26amp%3Bdisablebranding%3D0%22%3EGuided+Example%26nbsp%3B%3C%2Fa%3E’);http://lectures.mhhe.com/connect/0077861612/appendix_b.jpghttp://lectures.mhhe.com/connect/0077861612/appendix_d.jpg
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6. award: 2.00 points
7. award: 1.00 point
b. With a cost of capital of 15 percent, should the equipment be purchased?
Yes No
Worksheet Difficulty: Basic
Learning Objective: 12-04 The net present value and internal rate of return are generally the preferred methods of capital budgeting analysis.
The Pan American Bottling Co. is considering the purchase of a new machine that would increase the speed of bottling and save money. The net cost of this machine is $69,000. The annual cash flows have the following projections. Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods.
Year Cash Flow 1 $ 29,000 2 29,000
3 29,000 4 34,000 5 20,000
a. If the cost of capital is 13 percent, what is the net present value of selecting a new machine? (Do not
round intermediate calculations and round your final answer to 2 decimal places.)
Net present value $ b. What is the internal rate of return? (Do not round intermediate calculations. Enter your answer as a
percent rounded to 2 decimal places.)
Internal rate of return % c. Should the project be accepted?
Yes No
rev: 04_08_2014_48104
View Hint #1
Worksheet Difficulty: Intermediate
Learning Objective: 12-04 The net present value and internal rate of return are generally the preferred methods of capital budgeting analysis.
Turner Video will invest $84,500 in a project. The firm’s cost of capital is 6 percent. The investment will provide the following inflows. Use Appendix A for an approximate answer but calculate your final answerhttp://lectures.mhhe.com/connect/0077861612/appendix_b.jpghttp://lectures.mhhe.com/connect/0077861612/appendix_d.jpgjavascript:doHint(‘13252700675557680′,%20”,%20’%3Ca+target%3D%22_blank%22+href%3D%22http%3A%2F%2Fwww.viddler.com%2Fembed%2F1aed9dd1%2F%3Ff%3D1%26amp%3Bautoplay%3D0%26amp%3Bplayer%3Dsimple%26amp%3Bdisablebranding%3D0%22%3EGuided+Example%26nbsp%3B%3C%2Fa%3E’);http://lectures.mhhe.com/connect/0077861612/appendix_a.jpg
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8. award: 2.00 points
using the formula and financial calculator methods.
Year Inflow
1 $ 28,000 2 30,000 3 34,000 4 38,000 5 42,000
The internal rate of return is 12 percent.
a. If the reinvestment assumption of the net present value method is used, what will be the total value of
the inflows after five years? (Assume the inflows come at the end of each year.) (Do not round intermediate calculations and round your answer to 2 decimal places.)
Total value of inflows $
b. If the reinvestment assumption of the internal rate of return method is used, what will be the total value
of the inflows after five years? (Use the given internal rate of return. Do not round intermediate calculations and round your answer to 2 decimal places.)
Total value of inflows $
c. Which investment assumption is better?
Reinvestment assumption of IRR Reinvestment assumption of NPV
View Hint #1
Worksheet Difficulty: Intermediate
Learning Objective: 12-04 The net present value and internal rate of return are generally the preferred methods of capital budgeting analysis.
Keller Construction is considering two new investments. Project E calls for the purchase of earthmoving equipment. Project H represents an investment in a hydraulic lift. Keller wishes to use a net present value profile in comparing the projects. The investment and cash flow patterns are as follows: Use Appendix B for an approximate answer but calculate your final answer using the formula and financial calculator methods.
Project E Project H ($52,000 investment) ($47,000 investment) Year Cash Flow Year Cash Flow
1 $ 10,000 1 $ 27,000 2 14,000 2 19,000 3 24,000 3 15,000 4 31,000
a. Determine the net present value of the projects based on a zero percent discount rate.
Net Present Value Project E $ Project H $javascript:doHint(‘13252700675559015′,%20”,%20’%3Ca+target%3D%22_blank%22+href%3D%22http%3A%2F%2Fwww.viddler.com%2Fembed%2Fcd73a720%2F%3Ff%3D1%26amp%3Bautoplay%3D0%26amp%3Bplayer%3Dsimple%26amp%3Bdisablebranding%3D0%22%3EGuided+Example%26nbsp%3B%3C%2Fa%3E’);http://lectures.mhhe.com/connect/0077861612/appendix_b.jpg
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9. award: 4.00 points
10. award: 2.00 points
b. Determine the net present value of the projects based on a discount rate of 9 percent. (Do not round
intermediate calculations and round your answers to 2 decimal places.)
Net Present Value Project E $
Project H $ c. If the projects are not mutually exclusive, which project(s) would you accept if the discount rate is 9
percent? Project E
Project H Both H and E
Worksheet Difficulty: Challenge
Learning Objective: 12-04 The net present value and internal rate of return are generally the preferred methods of capital budgeting analysis.
Telstar Communications is going to purchase an asset for $620,000 that will produce $300,000 per year for the next four years in earnings before depreciation and taxes. The asset will be depreciated using the three- year MACRS depreciation schedule in Table 12–12. (This represents four years of depreciation based on the half-year convention.) The firm is in a 30 percent tax bracket.
Fill in the schedule below for the next four years. (Input all amounts as positive values. Round your answers to the nearest whole dollar amount.)
Year 1 Year 2 Year 3 Year 4
Earnings before depreciation and taxes $ $ $ $ Depreciation Earnings before taxes $ $ $ $ Taxes Earnings after taxes $ $ $ $ Depreciation Cash flow $ $ $ $
View Hint #1
Worksheet Difficulty: Challenge Learning Objective: 12-02 Cash flow rather than earnings is used in the capital budgeting decision.
The Summitt Petroleum Corporation will purchase an asset that qualifies for three-year MACRShttp://lectures.mhhe.com/connect/0077861612/ch12/Table_12_12.jpgjavascript:doHint(‘13252700675043755′,%20”,%20’%3Ca+target%3D%22_blank%22+href%3D%22http%3A%2F%2Fwww.viddler.com%2Fembed%2F69d4c870%2F%3Ff%3D1%26amp%3Bautoplay%3D0%26amp%3Bplayer%3Dsimple%26amp%3Bdisablebranding%3D0%22%3EGuided+Example%26nbsp%3B%3C%2Fa%3E’);
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11. award: 2.00 points
depreciation. The cost is $160,000 and the asset will provide the following stream of earnings before depreciation and taxes for the next four years: Use Table 12-12.
Year 1 $ 90,000
Year 2 101,000 Year 3 46,000 Year 4 44,000
The firm is in a 30 percent tax bracket and has a cost of capital of 16 percent. Use Appendix B for an approximate answer but calculate your final answer using the formula and financial calculator methods.
a. Calculate the net present value. (Negative amount should be indicated by a minus sign. Do not
round intermediate calculations and round your answer to 2 decimal places.)
Net present value $
b. Under the net present value method, should Summitt Petroleum Corporation purchase the asset?
Yes No
View Hint #1
Worksheet Difficulty: Challenge
Learning Objective: 12-04 The net present value and internal rate of return are generally the preferred methods of capital budgeting analysis.
An asset was purchased three years ago for $200,000. It falls into the five-year category for MACRS depreciation. The firm is in a 40 percent tax bracket. Use Table 12–12.
a. Compute the tax loss on the sale and the related tax benefit if the asset is sold now for $23,060. (Input
all amounts as positive values. Do not round intermediate calculations and round your answers to whole dollars.)
Tax loss on the sale $ Tax benefit $
b. Compute the gain and related tax on the sale if the asset is sold now for $72,060. (Input all amounts as
positive values. Do not round intermediate calculations and round your answers to whole dollars.)
Taxable gain $ Tax obligation $
View Hint #1http://lectures.mhhe.com/connect/0077861612/ch12/Table_12_12.jpghttp://lectures.mhhe.com/connect/0077861612/Appendix_B.jpgjavascript:doHint(‘13252700674994353′,%20”,%20’%3Ca+target%3D%22_blank%22+href%3D%22http%3A%2F%2Fwww.viddler.com%2Fembed%2Faa20222e%2F%3Ff%3D1%26amp%3Bautoplay%3D0%26amp%3Bplayer%3Dsimple%26amp%3Bdisablebranding%3D0%22%3EGuided+Example%26nbsp%3B%3C%2Fa%3E’);http://lectures.mhhe.com/connect/0077861612/ch12/Table_12_12.jpgjavascript:doHint(‘13252700675089554′,%20”,%20’%3Ca+target%3D%22_blank%22+href%3D%22http%3A%2F%2Fwww.viddler.com%2Fembed%2Febd4a7a9%2F%3Ff%3D1%26amp%3Bautoplay%3D0%26amp%3Bplayer%3Dsimple%26amp%3Bdisablebranding%3D0%22%3EGuided+Example%26nbsp%3B%3C%2Fa%3E’);
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12. award: 3.00 points
Worksheet Difficulty: Challenge Learning Objective: 12-02 Cash flow rather than earnings is used in the capital budgeting decision.
DataPoint Engineering is considering the purchase of a new piece of equipment for $400,000. It has an eight-year midpoint of its asset depreciation range (ADR). It will require an additional initial investment of $220,000 in nondepreciable working capital. Seventy-five thousand dollars of this investment will be recovered after the sixth year and will provide additional cash flow for that year. Income before depreciation and taxes for the next six are shown in the following table. Use Table 12–11, Table 12–12. Use Appendix B for an approximate answer but calculate your final answer using the formula and financial calculator methods.
Year Amount
1 $ 233,000 2 192,000 3 162,000 4 147,000 5 111,000 6 101,000
The tax rate is 30 percent. The cost of capital must be computed based on the following:
Cost(aftertax) Weights Debt Kd 8.20% 25% Preferred stock Kp 12.80 15 Common equity (retained earnings) Ke 17.00 60
a. Determine the annual depreciation schedule. (Do not round intermediate calculations. Round your
depreciation base and annual depreciation answers to the nearest whole dollar. Round your percentage depreciation answers to 3 decimal places.)
Year Depreciation
Base Percentage Depreciation
Annual Depreciation
1 $ $ 2 3 4 5 6 $
b. Determine the annual cash flow for each year. Be sure to include the recovered working capital in Year
6. (Do not round intermediate calculations and round your answers to 2 decimal places.)
Year Cash Flow
1 $ 2 3javascript:doHint(‘13252700675089554′,%20”,%20’%3Ca+target%3D%22_blank%22+href%3D%22http%3A%2F%2Fwww.viddler.com%2Fembed%2Febd4a7a9%2F%3Ff%3D1%26amp%3Bautoplay%3D0%26amp%3Bplayer%3Dsimple%26amp%3Bdisablebranding%3D0%22%3EGuided+Example%26nbsp%3B%3C%2Fa%3E’);http://lectures.mhhe.com/connect/0077861612/ch12/Table_12_11.jpghttp://lectures.mhhe.com/connect/0077861612/ch12/Table_12_12.jpghttp://lectures.mhhe.com/connect/0077861612/appendix_b.jpg
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13. award: 5.00 points
4 5 6
c. Determine the weighted average cost of capital. (Do not round intermediate calculations. Enter
your answer as a percent rounded to 2 decimal places.)
Weighted average cost of capital %
d-1. Determine the net present value. (Use the WACC from part c rounded to 2 decimal places as a
percent as the cost of capital (e.g., 12.34%). Do not round any other intermediate calculations. Round your answer to 2 decimal places.)
Net present value $
d-2. Should DataPoint purchase the new equipment?
No Yes
View Hint #1
Worksheet Difficulty: Challenge Learning Objective: 12-05 The discount orcutoff rate is normally the cost of capital.
Hercules Exercise Equipment Co. purchased a computerized measuring device two years ago for $64,000. The equipment falls into the five-year category for MACRS depreciation and can currently be sold for $27,800. A new piece of equipment will cost $154,000. It also falls into the five-year category for MACRS depreciation. Assume the new equipment would provide the following stream of added cost savings for the next six years. Use Table 12–12. Use Appendix B for an approximate answer but calculate your final answer using the formula and financial calculator methods.
Year Cash Savings
1 $65,000 2 57,000 3 55,000 4 53,000 5 50,000 6 39,000
The firm’s tax rate is 35 percent and the cost of capital is 8 percent.
a. What is the book value of the old equipment? (Do not round intermediate calculations and round
your answer to the nearest whole dollar.)
Book value $javascript:doHint(‘13252700675562799′,%20”,%20’%3Ca+target%3D%22_blank%22+href%3D%22http%3A%2F%2Fwww.viddler.com%2Fembed%2Fc7db69%2F%3Ff%3D1%26amp%3Bautoplay%3D0%26amp%3Bplayer%3Dsimple%26amp%3Bdisablebranding%3D0%22%3EGuided+Example%26nbsp%3B%3C%2Fa%3E’);http://lectures.mhhe.com/connect/0077861612/ch12/Table_12_12.jpghttp://lectures.mhhe.com/connect/0077861612/appendix_b.jpg
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b. What is the tax loss on the sale of the old equipment? (Do not round intermediate calculations and
round your answer to the nearest whole dollar.)
Tax loss $
c. What is the tax benefit from the sale? (Do not round intermediate calculations and round your
answer to the nearest whole dollar.)
Tax benefit $
d. What is the cash inflow from the sale of the old equipment? (Do not round intermediate
calculations and round your answer to the nearest whole dollar.)
Cash inflow $
e. What is the net cost of the new equipment? (Include the inflow from the sale of the old equipment.)
(Do not round intermediate calculations and round your answer to the nearest whole dollar.)
Net cost $
f. Determine the depreciation schedule for the new equipment. (Round the depreciation base and
annual depreciation answers to the nearest whole dollar. Round the percentage depreciation factors to 3 decimal places.)
Year Depreciation
Base Percentage Depreciation
Annual Depreciation
1 $ $ 2 3 4 5 6 $
g. Determine the depreciation schedule for the remaining years of the old equipment. (Round the
depreciation base and annual depreciation answers to the nearest whole dollar. Round the percentage depreciation factors to 3 decimal places.)
Year Depreciation
Base Percentage Depreciation
Annual Depreciation
1 $ $ 2 3 4
h. Determine the incremental depreciation between the old and new equipment and the related tax shield
benefits. (Enter the tax rate as a decimal rounded to 2 decimal places. Round all other answers
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to the nearest whole dollar.)
Year
Depreciation on New
Equipment
Depreciation on Old
Equipment Incremental Depreciation Tax Rate
Tax Shield Benefits
1 $ $ $ $ 2 3 4
5
6
i. Compute the aftertax benefits of the cost savings. (Enter the aftertax factor as a decimal rounded
to 2 decimal places. Round all other answers to the nearest whole dollar.)
Year Savings (1 – Tax Rate) Aftertax Savings
1 $65,000 $ 2 57,000 3 55,000 4 53,000 5 50,000 6 39,000
j-1. Add the depreciation tax shield benefits and the aftertax cost savings to determine the total annual
benefits. (Do not round intermediate calculations and round your answers to the nearest whole dollar.)
Year
Tax Shield Benefits from Depreciation
Aftertax Cost Savings
Total Annual Benefits
1 $ $ 2 3 4 5 6
j-2. Compute the present value of the total annual benefits. (Do not round intermediate calculations
and round your answer to the nearest whole dollar.)
Total annual benefits $
k-1. Compare the present value of the incremental benefits (j) to the net cost of the new equipment (e).
(Do not round intermediate calculations. Negative amount should be indicated by a minus sign. Round your answer to the nearest whole dollar.)
Net present value $
k-2. Should the replacement be undertaken?
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14. award: 2.00 points
15. award: 2.00 points
Yes No
View Hint #1
Worksheet Difficulty: Challenge
Learning Objective: 12-04 The net present value and internal rate of return are generally the preferred methods of capital budgeting analysis.
Assume you are risk-averse and have the following three choices.
Expected
Value Standard Deviation
A $1,830 $ 970 B 2,760 1,850 C 1,680 1,330
a. Compute the coefficient of variation for each. (Round your answers to 3 decimal places.)
Projects Coefficient of
Variation A B C
b. Which project will you select? Project B
Project C Project A
View Hint #1
Worksheet Difficulty: Basic Learning Objective: 13-02 Most investors are risk-averse, which means they dislike uncertainty.
Myers Business Systems is evaluating the introduction of a new product. The possible levels of unit sales and the probabilities of their occurrence are given next:
Possible
Market Reaction Sales in
Units Probabilities Low response 30 .30 Moderate response 45 .20 High response 50 .30 Very high response 75 .20javascript:doHint(‘13252700674953568′,%20”,%20’%3Ca+target%3D%22_blank%22+href%3D%22http%3A%2F%2Fwww.viddler.com%2Fembed%2F2e6ea06d%2F%3Ff%3D1%26amp%3Bautoplay%3D0%26amp%3Bplayer%3Dsimple%26amp%3Bdisablebranding%3D0%22%3EGuided+Example%26nbsp%3B%3C%2Fa%3E’);javascript:doHint(‘13252700675566185′,%20”,%20’%3Cp%3E%3Ca+target%3D%22_blank%22+href%3D%22http%3A%2F%2Fwww.viddler.com%2Fembed%2Fee6e9277%2F%3Ff%3D1%26amp%3Bautoplay%3D0%26amp%3Bplayer%3Dsimple%26amp%3Bdisablebranding%3D0%22%3EGuided+Example%3C%2Fa%3E%3C%2Fp%3E’);
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16. award: 3.00 points
17. award: 2.00 points
a. What is the expected value of unit sales for the new product? (Do not round intermediate calculations and round your answer to the nearest whole unit.)
Expected value units
b. What is the standard deviation of unit sales? (Do not round intermediate calculations. Round your
answer to 2 decimal places.)
Standard deviation units
View Hint #1
Worksheet Difficulty: Basic
Learning Objective: 13-01 The concept of risk is based on uncertainty about future outcomes. It requires the computation of quantitative measures as well as qualitative considerations.
Shack Homebuilders Limited is evaluating a new promotional campaign that could increase home sales. Possible outcomes and probabilities of the outcomes are shown next.
Possible Outcomes Additional
Sales in Units Probabilities Ineffective campaign 50 .30 Normal response 110 .30 Extremely effective 130 .40 Compute the coefficient of variation. (Do not round intermediate calculations. Round your answer to 3 decimal places.) Coefficient of variation
View Hint #1
Worksheet Difficulty: Basic
Learning Objective: 13-01 The concept of risk is based on uncertainty about future outcomes. It requires the computation of quantitative measures as well as qualitative considerations.
Five investment alternatives have the following returns and standard deviations of returns.
Alternatives Returns:
Expected Value Standard Deviation
A $ 1,820 $ 550 B 860 1,030 C 5,900 1,200 D 1,980 540 E 61,000 22,100javascript:doHint(‘13252700675567763′,%20”,%20’%3Ca+target%3D%22_blank%22+href%3D%22http%3A%2F%2Fwww.viddler.com%2Fembed%2Ff509b959%2F%3Ff%3D1%26amp%3Bautoplay%3D0%26amp%3Bplayer%3Dsimple%26amp%3Bdisablebranding%3D0%22%3EGuided+Example%3C%2Fa%3E’);javascript:doHint(‘13252700675569734′,%20”,%20’%3Cp%3E%3Ca+target%3D%22_blank%22+href%3D%22http%3A%2F%2Fwww.viddler.com%2Fembed%2Fcdbc3dd7%2F%3Ff%3D1%26amp%3Bautoplay%3D0%26amp%3Bplayer%3Dsimple%26amp%3Bdisablebranding%3D0%22%3EGuided+Example%3C%2Fa%3E%3C%2Fp%3E’);
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18. award: 2.00 points
Calculate the coefficient of variation and rank the five alternatives from lowest risk to the highest risk by using the coefficient of variation. (Round your answers to 3 decimal places.)
Alternatives Coefficient of
Variation Rank A (Click to select)
B (Click to select)
C (Click to select)
D (Click to select)
E (Click to select)
Worksheet Difficulty: Basic
Learning Objective: 13-01 The concept of risk is based on uncertainty about future outcomes. It requires the computation of quantitative measures as well as qualitative considerations.
Tim Trepid is highly risk-averse while Mike Macho actually enjoys taking a risk.
Investments Returns:
Expected Value Standard Deviation
Buy stocks $ 8,880 $ 6,030 Buy bonds 7,720 2,050 Buy commodity futures 17,200 23,200 Buy options 18,700 12,900
a-1. Compute the coefficients of variation. (Round your answers to 3 decimal places.)
Coefficient ofVariation Buy stocks Buy bonds Buy commodity futures Buy options
a-2. Which one of the following four investments should Tim choose?
Buy bonds Buy stocks Buy commodity futures Buy options
b. Which one of the four investments should Mike choose?
Buy bonds Buy stocks Buy commodity futures Buy options
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19. award: 2.00 points
20. award: 2.00 points
Worksheet Difficulty: Basic Learning Objective: 13-02 Most investors are risk-averse, which means they dislike uncertainty.
Mountain Ski Corp. was set up to take large risks and is willing to take the greatest risk possible. Lakeway Train Co. is more typical of the average corporation and is risk-averse.
Projects Returns:
Expected Value Standard Deviation
A $269,000 $143,000 B 734,000 462,000 C 153,000 120,000 D 163,000 298,000
a-1. Compute the coefficients of variation. (Round your answers to 3 decimal places.)
Coefficient ofVariation Project A Project B Project C Project D
a-2. Which projects should Mountain Ski Corp. choose? Project A
Project B Project D Project C
b. Which one of the four projects should Lakeway Train Co. choose based on the same criteria of using
the coefficient of variation?
Project B Project A Project C Project D
View Hint #1
Worksheet Difficulty: Basic Learning Objective: 13-02 Most investors are risk-averse, which means they dislike uncertainty.
Waste Industries is evaluating a $53,800 project with the following cash flows. Years Cash Flows
1 $ 9,240 2 15,900 3 22,600 4 21,300 5 33,000javascript:doHint(‘13252700675572032′,%20”,%20’%3Ca+target%3D%22_blank%22+href%3D%22http%3A%2F%2Fwww.viddler.com%2Fembed%2F9ad325cc%2F%3Ff%3D1%26amp%3Bautoplay%3D0%26amp%3Bplayer%3Dsimple%26amp%3Bdisablebranding%3D0%22%3EGuided+Example%3C%2Fa%3E’);javascript:doHint(‘13252700675572034′,%20”,%20’%3Ca+target%3D%22_blank%22+href%3D%22http%3A%2F%2Fwww.viddler.com%2Fembed%2Ffe427b66%2F%3Ff%3D1%26amp%3Bautoplay%3D0%26amp%3Bplayer%3Dsimple%26amp%3Bdisablebranding%3D0%22%3EGuided+Example%3C%2Fa%3E’);
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21. award: 2.00 points
The coefficient of variation for the project is .975. Coefficient of
Variation Discount Rate 0 − .25 4%
.26 − .50 9%
.51 − .75 10%
.76 − 1.00 12% 1.01 − 1.25 18%
Use Appendix B for an approximate answer but calculate your final answer using the formula and financial calculator methods.
a. Select the appropriate discount rate.
4% 9% 10% 12% 18%
b. Compute the net present value. (Negative amount should be indicated by a minus sign. Do not
round intermediate calculations and round your answer to 2 decimal places.)
Net present value $
c. Based on the net present value should the project be undertaken? No
Yes
View Hint #1
Worksheet Difficulty: Intermediate
Learning Objective: 13-03 Because investors dislike uncertainty, they will require higher rates of return from risky projects.
Dixie Dynamite Company is evaluating two methods of blowing up old buildings for commercial purposes over the next five years. Method one (implosion) is relatively low in risk for this business and will carry a 11 percent discount rate. Method two (explosion) is less expensive to perform but more dangerous and will call for a higher discount rate of 16 percent. Either method will require an initial capital outlay of $102,000. The inflows from projected business over the next five years are given next.
Years Method 1 Method 2 1 $32,100 $17,600 2 38,500 25,500 3 47,800 40,400 4 35,100 37,000 5 20,600 72,200http://lectures.mhhe.com/connect/0077861612/appendix_b.jpgjavascript:doHint(‘13252700675572055′,%20”,%20’%3Cp%3E%3Ca+target%3D%22_blank%22+href%3D%22http%3A%2F%2Fwww.viddler.com%2Fembed%2F280aaffd%2F%3Ff%3D1%26amp%3Bautoplay%3D0%26amp%3Bplayer%3Dsimple%26amp%3Bdisablebranding%3D0%22%3EGuided+Example%3C%2Fa%3E%3C%2Fp%3E’);
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22. award: 2.00 points
Use Appendix B for an approximate answer but calculate your final answers using the formula and financial calculator methods. a. Calculate net present value for Method 1 and Method 2. (Do not round intermediate calculations and
round your answers to 2 decimal places.)
Net Present Value Method 1 $
Method 2 $
b. Which method should be selected using net present value analysis?
Method 1 Method 2 Neither of these
View Hint #1
Worksheet Difficulty: Intermediate
Learning Objective: 13-03 Because investors dislike uncertainty, they will require higher rates of return from risky projects.
Debby’s Dance Studios is considering the purchase of new sound equipment that will enhance the popularity of its aerobics dancing. The equipment will cost $26,300. Debby is not sure how many members the new equipment will attract, but she estimates that her increased annual cash flows for each of the next five years will have the following probability distribution. Debby’s cost of capital is 12 percent. Use Appendix D for an approximate answer but calculate your final answers using the formula and financial calculator methods.
Cash Flow Probability
$ 3,890 .2 5,190 .3 7,550 .4 9,800 .1 a. What is the expected value of the cash flow? The value you compute will apply to each of the five years.
Expected Cash Flow $
b. What is the expected net present value? (Negative amount should be indicated by a minus sign. Do
not round intermediate calculations and round your answer to 2 decimal places. )
Net Present Value $
c. Should Debby buy the new equipment? Yes
No
View Hint #1http://lectures.mhhe.com/connect/0077861612/appendix_b.jpgjavascript:doHint(‘13252700675573546′,%20”,%20’%3Ca+target%3D%22_blank%22+href%3D%22http%3A%2F%2Fwww.viddler.com%2Fembed%2F5867bb59%2F%3Ff%3D1%26amp%3Bautoplay%3D0%26amp%3Bplayer%3Dsimple%26amp%3Bdisablebranding%3D0%22%3EGuided+Example%3C%2Fa%3E’);http://lectures.mhhe.com/connect/0077861612/appendix_d.jpgjavascript:doHint(‘13252700675574555′,%20”,%20’%3Ca+target%3D%22_blank%22+href%3D%22http%3A%2F%2Fwww.viddler.com%2Fembed%2F4d50c523%2F%3Ff%3D1%26amp%3Bautoplay%3D0%26amp%3Bplayer%3Dsimple%26amp%3Bdisablebranding%3D0%22%3EGuided+Example%3C%2Fa%3E’);
7/29/14, 10:57 PMAssignment Print View
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23. award: 2.00 points
Worksheet Difficulty: Intermediate
Learning Objective: 13-01 The concept of risk is based on uncertainty about future outcomes. It requires the computation of quantitative measures as well as qualitative considerations.
Highland Mining and Minerals Co. is considering the purchase of two gold mines. Only one investment will be made. The Australian gold mine will cost $1,694,000 and will produce $359,000 per year in years 5 through 15 and $532,000 per year in years 16 through 25. The U.S. gold mine will cost $2,085,000 and will produce $295,000 per year for the next 25 years. The cost of capital is 11 percent. Use Appendix D for an approximate answer but calculate your final answers using the formula and financial calculator methods. (Note: In looking up present value factors for this problem, you need to work with the concept of a deferred annuity for the Australian mine. The returns in years 5 through 15 actually represent 11 years; the returns in years 16 through 25 represent 10 years.) a-1. Calculate the net present value for each project. (Do not round intermediate calculations and
round your answers to 2 decimal places.)
Net Present Value The Australian mine $ The U.S. mine $
a-2. Which investment should be made? Australian mine
U.S. mine b-1. Assume the Australian mine justifies an extra 5 percent premium over the normal cost of capital
because of its riskiness and relative uncertainty of cash flows. Calculate the new net present value given this assumption. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places.)
Net Present Value The Australian mine $
b-2. Does the new assumption change the investment decision?
Yes No
View Hint #1
Worksheet Difficulty: Challenge
Learning Objective: 13-01 The concept of risk is based on uncertainty about future outcomes. It requires the computation of quantitative measures as well as qualitative considerations.
Finance MIdterm
1) The IRS is reevaluating the asset life categories used for ACRS depreciation. The trucks that JK Industries use are currently classified by the IRS as having an asset life of 7 years. Because these trucks actually last for 10 years, the firm’s managers would prefer the IRS to reclassify them as 10-year assets so the firm can keep them longer, spread the cost of depreciation over more years and hence increase earnings. (True, False, Uncertain and explain your response)
2) Obsolete Computer Systems, Inc. wants to reemerge as a major producer of computer software. The company has two options: Either it can purchase Upstart Software for $25m now whose products are expected to survive 5 years. Or it can develop an ongoing new line of software via research and development expected to cost $5m per year with implementation costs of $25m in 4 years. Using reasonable cash flow estimates from each product line, the Obsolete CFO has estimated that the internal rate of return from purchasing Upstart Software is 15% and the IRR of in-house R&D is 14%. As a member of Obsolete’s board of directors (and an ERAU alum who knows how misleading IRR analysis can be…hint), you should vote against the CFO’s recommendation to purchase Upstart Software. (True, False, Uncertain and explain your response)
3)Managers’ desire for job security and firm growth conflict with maximizing value for shareholders. (True, False, Uncertain and explain your response)
4) Assume that all you have available are data for the following ratios and your firm and your industry.
| Total Asset Turnover | = Revenues/Assets |
| Total Margin | = EBIT/Revenues |
| Net Profit Margin | = Earnings/Revenues |
| Times Interest Earned | = EBIT/Interest |
| Return on Equity | = Earnings/Equity |
If you want evaluate the effectiveness of your company’s operating managers and you can only use one of the measures, which one should it be and why?
5) CAPM implies that the only two assets that matter to every investor in corporate stocks and bonds are the risk-free Treasury Bill and the market portfolio of world-wide wealth. (True, False, Uncertain and explain your response)
6) Rau Inc. has 6.0 percent coupon bonds on the market with 9 years to maturity. The bonds make semi-annual payments and currently sell for 110 percent of par. What is the YTM?
You will upload an Excel spreadsheet that shows all of your work and the solution.
7)JJ Enterprises is considering the purchase of a new machine that will produce thumb drives. The new machine will require an initial investment of $800,000 and has an economic life of five years and will be fully depreciated by the straight line method. The machine will produce 150,000 thumb drives per year with each costing $0.10 to make. Each will be sold at $2.00. Assume JJ Enterprises uses a discount rate of 14 percent and has a tax rate of 34 percent. What is the NPV of the project and should JJ Enterprises make the purchase.
You will upload an Excel spreadsheet that shows all of your work and the solution.
8) A company is building a fuel efficient power plant which will generate its first annual cash flow of $18m exactly 4 years from today. As it ages, the volume it produces will remain constant but competing new technologies will drive prices down further. Hence the cash flows it creates will decline by 1% per year. Exactly 45 years from today, this plant will be scrapped, and the Environmental Protection Agency will require $30m expenditures to dismantle and clean it up. The plant’s OCC is 8%. What is the highest price that a buyer should consider paying for it?
9) The returns on QRC stock and an investor’s portfolio over three years are given in the table below.
- Based on this data, compute the volatility of the portfolio and briefly describe how to interpret it.
- Based on this data, calculate the correlation between QRC and the portfolio, and briefly describe what it means. Show your work.
- Suppose the portfolio represents the portfolio of all wealth. What is QRC’s market beta?
| Year | QRC | Portfolio |
| 1 | 5.0% | 19.0% |
| 2 | -3.0% | 14.0% |
| 3 | 13.0% | 9.0% |
You will upload a Word Document that shows all of your work and the solution.
10) You are considering buying a bond issued by General Motors with exactly 5.5 years remaining to maturity that just paid a coupon yesterday. It rained on your paper this morning so you do not know what the coupon rate is. However you are able to see that the quoted price is listed as $105-20 and the annualized yield is 7%, with semi-annual compounding. If the coupon is paid semi-annually, what is the quoted annualized coupon rate? Show your work.
You will upload a Word Document that shows all of your work and the solution.
Concepts of Power in Leadership
This assignment will combine some of the concepts presented to this point in the course. Consider the following types of leadership power as you respond to the following questions in a 6-9 page Microsoft Word document:
- Legitimate power
- Reward power
- Coercive power
- Referent power
- Expert power
- Which of the above types of power do you believe are most important in leadership? Why? Examine their importance with reference to the guidelines for each and the disadvantages for each type.
- Assess whether or not any of the above power types are essential to leaders in criminal justice. Provide a rationale for your assessment.
- In what ways do the above power types match up with the “Big Five” personality types? In other words, is it likely that a leader wielding “expert power” would have a particular “Big Five” trait?
- Describe what is meant by “management by walking around.” What does this process entail, and how can it be implemented in a criminal justice setting?
- Discuss the limitations and opportunities related to participative leadership in criminal justice agencies. Explain how this leadership method might legitimately be used in the criminal justice field, and where it cannot be successful.
Cite any sources using APA format on a separate page.
Aifarooq786
Complete:
- Exercises 1-6A through 1-9A on p. 33
- Exercises 1-11A and 1-12A on p. 34 and 35
Respond to the following:
- Why is the knowledge of accounting concepts and terminology useful to anyone in a business activity?
- Is there a difference between bookkeeping and accounting? Discuss.
- Accounting reports past performance. How can this be useful when planning future operations?
FROM THE BOOK
Exercise 1-6A Components of the accounting equation
Lang Enterprises was started when it acquired $4,000 cash from creditors and $6,000 from
owners. The company immediately purchased land that cost $9,000.
Required
a. Record the events under an accounting equation .
b. After all events have been recorded, Lang’s obligations to creditors represents what percent
of total assets?
c. After all events have been recorded, Lang’s stockholder’s equity represents what percent of
total assets?
d. Assume the debt is due. Given that Lang has $6,000 in stockholders’ equity, can the company
repay the creditors at this point? Why or why not?
Exercise 1-7A Components of the accounting equation
The financial condition of GreyCo Inc. is expressed in the following accounting equation:
Assets 5 Liabilities 1 Common stock 1 Retained earnings
$800 Cash 1 $9,200 Land 5 $7,000 1 $2,000 1 $1,000
Required
a. Are dividends paid to creditors or investors? Explain why.
b. How much cash is in the Retained Earnings account?
c. Determine the maximum dividend GreyCo can pay.
d. If the obligation to creditors is due, can GreyCo repay the loan? Why or why not?
e. Suppose the land sinks into the sea as a result of an earthquake and a resulting tsunami. The
business is then liquidated. How much cash will creditors receive? How much cash will investors
receive? (Assume there are no legal fees or other costs of liquidation.)
Exercise 1-8A Missing information in the accounting equation
Required
Calculate the missing amounts in the following table.
Stockholders’ Equity
Common Retained
Company Assets 5 Liabilities 1 Stock 1 Earnings
A $ ? $30,000 $ 50,000 $62,000
B 50,000 ? 10,000 25,000
C 85,000 20,000 ? 40,000
D 215,000 60,000 100,000 ?
Exercise 1-9A Missing information and recording events
As of December 31, 2013, Post Company had total cash of $156,000, notes payable of $85,600,
and common stock of $52,400. During 2014, Post earned $36,000 of cash revenue, paid $20,000
for cash expenses, and paid a $3,000 cash dividend to the stockholders.
Required
a. Determine the amount of retained earnings as of December 31, 2013.
b. Create an accounting equation and record the beginning account balances under the appropriate
e lements.
c. Record the revenue, expense, and dividend events under the appropriate elements of the accounting
equation created in Requirement b .
d. Prove the equality of the accounting equation as of December 31, 2014.
e. Identify the beginning and ending balances in the Cash and Common Stock accounts.
Explain why the beginning and ending balances in the Cash account are different, but the
beginning and ending balances in the Common Stock account remain the same.
Exercise 1-11A Effect of transactions on general ledger accounts
At the beginning of 2013, Foster Corp.’s accounting records had the following general ledger
accounts and balances.
FOSTER CORP.
Accounting Equation
Acct. Titles
Event Assets 5 Liabilities 1 Stockholders’ Equity for RE
Notes Common Retained
Cash Land Payable Stock Earnings
Balance
1/1/2013 30,000 16,000 10,000 20,000 16,000
Foster Corp. completed the following transactions during 2013:
1. Purchased land for $20,000 cash.
2. Acquired $10,000 cash from the issue of common stock.
3. Received $90,000 cash for providing services to customers.
4. Paid cash operating expenses of $65,000.
5. Borrowed $20,000 cash from the bank.
6. Paid a $5,000 cash dividend to the stockholders.
7. Determined that the market value of the land purchased in event 1 is $30,000.
Required
a. Record the transactions in the appropriate general ledger accounts. Record the amounts of
revenue, expense, and dividends in the Retained Earnings column. Provide the appropriate
titles for these accounts in the last column of the table.
b. As of December 31, 2013, determine the total amount of assets, liabilities, and stockholder’s
equity and present this information in the form of an accounting equation.
c. What is the amount of total assets, liabilities, and stockholders’ equity as of January 1, 2014?
Exercise 1-12A Accounts titles and the accounting equation
The following account titles were drawn from the general ledger of Gutter Control, Incorporated
(GCI): Cash, Notes Payable, Land, Accounts Payable, Office Furniture, Salaries Expense, Common
Stock, Service Revenue, Interest Expense, Utilities Payable, Utilities Expense, Trucks, Supplies,
Operating Expenses, Rent Revenue, Dividends, Computers, Building, Supplies Expense,
Gasoline Expense, Retained Earnings, Dividends.
Required
a. Create an accounting equation using the elements assets, liabilities, and stockholders’
equity. List each account title under the element of the accounting equation to which it
belongs.
b. Will all businesses have the same number of accounts? Explain your answer.
Nevertheless Illustrates Plagiarism. 2. Write A Paragraph In Which You Make Honest Use Of The Sour
The Ways of Meeting OppressionReading:  Martin Luther King, Jr., The Ways of Meeting Oppression,Â
1. Write a paragraph that acknowledges the author but nevertheless illustrates plagiarism.
2. Write a paragraph in which you make honest use of the source, quoting some words and summarizing a passage or an idea
- 01-the-ways-of-meeting-oppression-591_1.jpeg
- 02-the-ways-of-meeting-oppression-592_2.jpeg
- 03-the-ways-of-meeting-oppression-593_3.jpeg
FIN 350 P3-3 To P3-21 P3-3 P3-6 P3-10 P3-16 P3-18 P3-20 P3-21
FIN 350 P3-3 to P3-21 P3-3 P3-6 P3-10 P3-16 P3-18 P3-20 P3-21 FIN 350 P3-3 to P3-21
Details Complete the following problems from the textbook (All 7 problems are printed on here)
P3-3 P3-6 P3-10 P3-16 P3-18 P3-20 P3-21 P-3 Income statement preparation On December 31, 2015, Cathy Chen, a self-employed redefining certified public accountant (CPA), completed her first full year in business. During the year, she billed $360,000 for her accounting services. She had two employees, a bookkeeper and a clerical assistant. In addition to her monthly salary of $8,000, Ms. Chen paid annual salaries of $48,000 and $36,000 to the bookkeeper and the clerical assistant, respectively. Employment taxes and benefit costs for Ms. Chen and her employees totaled $34,600 for the year. Expenses for office supplies, including postage, totaled $10,400 for the year. In addition, Ms. Chen spent $17,000 during the year on tax-deductible travel and entertainment associated with client visits and new business development. Lease payments for the office space rented (a tax deductible expense) were $2,700 per month. Depreciation expense on the office furniture and fixtures was $15,600 for the year. During the year, Ms. Chen paid interest of $15,000 on the $120,000 borrowed to start the business. She paid an average tax rate of 30% during 2015.a. Prepare an income statement for Cathy Chen, CPA, for the year ended December 31, 2015.b. Evaluate her 2015 financial performance.P3-6 Balance sheet preparation Use the appropriate items from the following list to prepare in good form Mellark’s Baked Goods balance sheet at December 31, 2015. Item Value at ($000) December 31, 2015 Item Value ($000) at December 31, 2015Accounts payable $ 220Inventories $375Accounts receivable 450Land 100Accruals 55Long-term debts 420Accumulated depreciation 265Machinery 420Buildings 225Marketable securities 75Cash 215Notes payable 475Common stock (at par) 90Paid in capital in excess Cost of goods sold 2,500of par 360Depreciation expense 45Preferred Stock 100Equipment 140Retained Earnings 210Furniture and fixtures 170Sales Revenue 3,600General expense 320Vehicles 25 P3-10 Statement of retained earnings Hayes Enterprises began 2015 with a retained earnings balance of $928,000. During 2015, the firm earned $377,000 after taxes. From this amount, preferred stockholders were paid $47,000 in dividends. At year-end 2015, the firm’s retained earnings totaled $1,048,000. The firm had 140,000 shares of common stock outstanding during 2015.a. Prepare a statement of retained earnings for the year ended December 31, 2015, for Hayes Enterprises. (Note: Be sure to calculate and include the amount of cash dividends paid in 2015.)b. Calculate the firm’s 2015 earnings per share (EPS).
c. How large a per-share cash dividend did the firm pay on common stock during 2015?
P3-16 Accounts receivable management An evaluation of the books of Blair Supply, which follows, gives the end-of-year accounts receivable balance, which is believed to consist of amounts originating in the months indicated. The company had annual sales of $2.4 million. The firm extends 30-day credit terms.Month of origin Accounts receivableJuly $ 3,875
August 2,000
September 34,025
October 15,100
November 52,000
December 193,000
Year-end accounts receivable $300,000a. Use the year-end total to evaluate the firm’s collection system.b. If 70% of the firm’s sales occur between July and December, would this information affect the validity of your conclusion in part a? Explain.P3-18 Debt analysis Springfield Bank is evaluating Creek Enterprises, which has requested a $4,000,000 loan, to assess the firm’s financial leverage and financial risk. On the basis of the debt ratios for Creek, along with the industry averages (see the top of the next page) and Creek’s recent financial statements (following), evaluate and recommend appropriate action on the loan request Creek Enterprises Income Statement for the Year Ended December 31, 2015 Sales revenue $30,000,000Less: Cost of goods sold 21,000,000Gross profits $ 9,000,000Less: Operating expenses Selling expense $3,000,000 General and administrative expenses 1,800,000 Lease expense 200,000 Depreciation expense 1,000,000 Total operating expense $ 6,000,000 Operating profits $ 3,000,000Less: Interest expense 1,000,000 Net profits before taxes $ 2,000,000Less: Taxes (rate 5 40%) 800,000 Net profits after taxes $ 1,200,000Less: Preferred stock dividends 100,000 Earnings available for common stockholders &n bsp; &n bsp; $ 1,100,000 P3-20 Common-size statement analysis A common-size income statement for Creek Enterprises’ 2014 operations follows. Using the firm’s 2015 income statement presented in Problem 3–18, develop the 2015 common-size income statement and compare it with the 2014 statement. Which areas require further analysis and investigation? Creek Enterprises Common-Size Income Statementfor the Year Ended December 31, 2014Sales revenue ($35,000,000) 100.0%Less: Cost of goods sold 65.9 Gross profits 34.1%Less: Operating expenses Selling expense 12.7% General and administrative expenses 6.3 Lease expense 0.6 Depreciation expense 3.6Total operating expense 23.2Operating profits 10.9%Less: Interest expense 1.5Net profits before taxes 9.4%Less: Taxes (rate 5 40%) 3.8Net profits after taxes 5.6%Less: Preferred stock dividends 0.1Earnings available for common stockholders 5.5% P3-21 The relationship between financial leverage and profitability Pelican Paper, Inc., and Timberland Forest, Inc., are rivals in the manufacture of craft papers. Some financial statement values for each company follow. Use them in a ratio analysis that compares the firms’ financial leverage and profitability. Item Pelican Paper, Inc. Timberland Forest, Inc.Total assets $10,000,000 $10,000,000Total equity (all common) 9,000,000 &nbs p; 5,000,000Total debt 1,000,000 5,000,000Annual interest 100,000 500,000Total sales 25,000,000 25,000,000EBIT 6,250,000 6,250,000Earnings available for common stockholders 3,690,000 3,450,000 a. Calculate the following debt and coverage ratios for the two companies. Discuss their financial risk and ability to cover the costs in relation to each other.1. Debt ratio2. Times interest earned ratio b. Calculate the following profitability ratios for the two companies. Discuss their profitability relative to one another.1. Operating profit margin
2. Net profit margin
3. Return on total assets
4. Return on common equityc. In what way has the larger debt of Timberland Forest made it more profitable than Pelican Paper? What are the risks that Timberland’s investors undertake when they choose to purchase its stock instead of Pelican’s?
Globalization: Benefits and Costs
Supported by textbook evidence, respond critically to the following statement: Globalization brings both benefits and costs. Research a global business and identify the benefits it derives as well as the costs it incurs. Be sure to specify the business identity and your sources.
Summarize your findings in a typed report, double-spaced, 12 pt. font, using APA or MLA style for in-text citations and references. Minimum length: 2 pages with 1 inch margins.
Week 3 Individual Assignment Assignment Title: Expansion Strategy And Establishing A Re-Order Point Assignment Points: 50 Purpose Of Assignment: This Assignment Has Two Cases. The First Case Is On Expansion Strategy. Managers Constantly Have To Make
Week 3 Individual Assignment
Assignment Title: Expansion Strategy and Establishing a Re-order Point
Assignment Points: 50
Purpose of Assignment: This assignment has two cases. The first case is on expansion strategy. Managers constantly have to make decisions under uncertainty. This assignment gives students an opportunity to use the mean and standard deviation of probability distributions to make a decision on expansion strategy. The second case is on determining at which point a manager should re-order a printer so that he or she doesn’t run out-of-stock. The second case uses normal distribution. The first case demonstrates application of statistics in finance and the second case demonstrates application of statistics in operations management.
Assignment text:
(25 points) Case 1 – Decision-Making Under Uncertainty – Expansion Strategy
The Bell Computer Company is considering a plant expansion that will enable the company to begin production of a new computer product. You have obtained your MBA from the University of Phoenix and as a vice-president you must determine whether to make the expansion a medium- or large- scale project. The demand for the new product involves an uncertainty, which for planning purposes may be low demand, medium demand, or high demand. The probability estimates for the demands are 0.20, 0.50, and 0.30, respectively. The firm’s planners developed profit forecasts for the medium- and large- scale expansion projects as given on the Excel file spreadsheet named Case 1.
1. Compute the expected value for the profit associated with the two expansion alternatives. Which decision is preferred for the objective of maximizing the expected profit?
2. Compute the variation for the profit associated with the two expansion alternatives. Which decision is preferred for the objective of minimizing the risk or uncertainty?
(25 points) Case 2 – Establishing a Reorder Point
In this case, Kyle Bits and Bytes, a retailer of computing products sells a variety of computer-related products. One of Kyle’s most popular products is an HP laser printer. The average weekly demand is 200. Lead time (Lead time is defined as the amount of time between when the order is placed and when it is delivered.) for a new order from the manufacturer to arrive is 1 week. If the demand for printers were constant, the retailer would reorder when there were exactly 200 printers in inventory. However, Kyle learned in his Operations Management class that the demand is a random variable. An analysis of previous weeks reveals that the weekly demand standard deviation is 30. Kyle knows that if a customer wants to buy an HP laser printer but he has none available, he will lose that sale plus possibly additional sales. He wants the probability of running short (stock-out) in any week to be no more than 6%. What should be the reorder point set at? In other words, how many HP laser printers should he have in stock when he reorders from the manufacturer?
Sustainability Entrepreneurship
It is a brief report on the sustainability entrepreneurship of established businesses. Established businesses have become entrepreneurial in the pursuit of sustainability. The purpose is to highlight and recognize the importance of sustainability in all types of businesses.
Focus: Identifying the sustainability component pursued by an established business.
Task: Firstly, select an established business that has been in existence for at least 10 years for which you can find publicly available information. Some sources include business publications and periodicals such as Fortune, Business Week, INC, Wall Street Journal, etc. You may also refer to the Dow Jones Sustainability Index. Second, discuss what this company is doing to be sustainable (how it addresses the triple bottom line of environmental, social and economic demands)
Assignment: Write up a two to three page (typed) report that includes discussion of:
Give a brief description of the company (about 1-2 paragraphs) and explain why this company is of particular interest to you. (1-2 paragraphs)
What are some of the sustainability actions, approaches or mindset that this established company exhibits? If not, what actions shouldthis company take to be sustainable? (1-2 pages)
Lastly discuss how or why these sustainability components are essential to that business (1-2 paragraphs). Why is this necessary? (1-2 paragraphs)
You must provide a list of your references. Without references, no grades may be assigned.
Business Law II Milestone Case Study Assignment
BUS 307 Case Study 1 Guidelines and Rubric
For this case study, craft a professional email, appropriate in format, tone, and content, to send to your clients Fred and Sally, with your preliminary thoughts on the issues within. Your email should illustrate the issues and relevant law, apply the facts, and support your conclusions with regard to each issue. Always remember to be clear, kind, and professional in your communications. Case Study 1 Fred is well known in his town for his homeopathic cough syrup. After years of encouragement, he has decided to take his miracle cough remedy to market as “Fred’s Miracle Cough Syrup.” While his cough syrup is homeopathic, one of the key ingredients causes a severe reaction when taken in conjunction with aspirin. Fred plans to make and bottle his cough syrup in an outbuilding on the family farm. His son, Sam, has been raving to the locals about his father’s cough syrup for years, and the local drug store and grocer have contacted Fred to place orders as a result. Sam also intends to approach several national chains in an effort to secure supply contracts for Fred’s cough syrup. Fred has asked Sam to assist him with deliveries, as Sam has a van. Fred would like Sam to be involved with the business as an employee initially, with the option of making him a partial owner at a later time. Fred and his wife Sally have two children, Sam and Lilly. Both live in cabins on the family farm with their spouses and children. Fred and Sally engage you as their attorney to assist with the formation of the new business, including determining the appropriate business entity type, management issues, product liability issues, and estate planning for both the business and family property. After your initial meeting, you identify and research the following issues. Specifically, the following critical elements must be addressed:
I. Describe the main types of business entities and their defining characteristics. II. Apply product liability law and determine what issues are present. How would you advise your client to mitigate those issues?
III. Apply the elements and characteristics of an agency relationship to Sam’s actions. Does Sam’s involvement prior to the business formation, as well as his anticipated role once the business is formed, create an agency relationship? Why or why not?
IV. Identify potential real property issues based on the location of the business on the family farm. Justify each potential issue. V. Does the manufacture of Fred’s Miracle Cough Syrup on the family farm necessitate a formal transfer of ownership or possessory rights? Defend your
response. VI. Identify potential personal property issues based on the use of Sam’s personal vehicle to deliver the product. Justify each potential issue.
VII. Does the use of Sam’s personal vehicle in the course of business expose Sam or the business to any liability issues? Defend your response. VIII. Identify potential estate planning issues with regard to the business and the family farm. Justify each potential issue.
IX. What estate planning vehicles are available to Fred and Sally should they desire to transfer ownership in the business and family farm, respectively, to Sam and Lilly equally? What are the advantages and disadvantages to each?
X. Applying your analysis of the issues above, which type of business entity do you recommend for Fred’s Miracle Cough Syrup and why?
Rubric Guidelines for Submission: Your “email” should be 1 to 2 pages, double-spaced, use 12-point Times New Roman font, and follow APA 6th edition format for layout and citations.
Critical Elements Exemplary (100%) Proficient (85%) Needs Improvement (55%) Not Evident (0%) Value
Case Study 1: Business Entities
Meets “Proficient” criteria and offers insight into the nuances of each type of business entity in relation to one another
Describes the main types of business entities and their defining characteristics
Describes the main types of business entities, but does not describe their defining characteristics
Does not describe the main types of business entities or their characteristics
10
Case Study 1: Product Liability
Meets “Proficient” criteria and cites specific, applicable rules of law
Applies product liability law to determine issues and recommends mitigating actions
Applies product liability law, but does not recommend mitigating actions
Does not apply product liability law to determine issues
10
Case Study 1: Agency Relationship
Meets “Proficient” criteria and provides a thorough, step-by- step analysis with specific supporting evidence applied to each element of the relevant legal test
Applies elements and characteristics of an agency relationship to actions to determine if an agency relationship was created and provides justification
Applies elements and characteristics of an agency relationship to actions, but does not determine if an agency relationship was created, or justification is not logical
Does not apply elements and characteristics of an agency relationship to actions to determine if an agency relationship was created
Case Study 1: Real Property
Meets “Proficient” criteria and cites specific, applicable rules of law
Identifies potential real property issues based on the location of the business on the family farm and provides justification for each
Identifies potential real property issues based on the location of the business on the family farm, but does not provide justification for each
Does not identify potential real property issues
10
Case Study 1: Manufacture
Meets “Proficient” criteria and offers insight into the nuances of real property issues as they pertain to business
Determines if the manufacturing necessitates a formal transfer of ownership or possessory rights and defends response
Determines if the manufacturing necessitates a formal transfer of ownership or possessory rights, but does not defend response
Does not determine if the manufacturing necessitates a formal transfer of ownership or possessory rights
10
Case Study 1: Personal Property
Meets “Proficient” criteria and cites specific, applicable rules of law
Identifies potential personal property issues based on the use of Sam’s personal vehicle to deliver the product and provides justification for each
Identifies potential personal property issues based on the use of Sam’s personal vehicle to deliver the product, but does not provide justification for each
Does not identify potential personal property issues
10
Case Study 1: Liability Issues
Meets “Proficient” criteria and offers insight into the nuances of personal property issues as they pertain to business
Determines if the use of a personal vehicle exposes Sam or the business to any liability issues and defends response
Determines if the use of a personal vehicle exposes Sam or the business to any liability issues, but does not defend response
Does not determine if liability issues are present
Case Study 1: Estate Planning
Meets “Proficient” criteria and cites specific, applicable rules of law
Identifies potential estate planning issues and provides justification for each
Identifies potential estate planning issues, but does not provide justification for each
Does not identify potential estate planning issues
10
Case Study 1: Transfer Ownership
Meets “Proficient” criteria and offers insight into the importance of estate planning issues in business
Determines estate planning vehicles available to transfer ownership equally and provides advantages and disadvantages of each
Determines estate planning vehicles available to transfer ownership equally, but does not provide advantages and disadvantages of each
Does not determine estate planning vehicle available
10
Case Study 1: Business Entity
Meets “Proficient” criteria and offers insight, based on research, as to why the chosen type of business entity would be an appropriate choice for Fred’s Miracle Cough Syrup
Applies legal and factual analysis to form a recommendation on an appropriate business entity and provides rationale
Applies legal and factual analysis to form a recommendation on an appropriate business entity, but does not provide rationale
Does not apply legal and factual analysis to form a recommendation
10
Earned Total 100%
Graded Quiz 1.2: Banana Bread Brainstorm
This graded quiz will ensure that you’ve mastered all of the skills from this lesson.
First, read the story. Then, choose the answer that best completes each question.
As I paced around the kitchen wondering what to make for Mom’s Christmas party, I noticed a bunch of bananas that had turned brown. Inspired, I grabbed the fruit from the shelf and got out my mixing bowls. I took flour and sugar from the cabinet and eggs and butter from the refrigerator, and I began to make the batter. The recipe said to bake the banana bread at 350 degrees for one hour. I set the temperature and poured my batter into the already greased pans.
After the oven pinged to let me know that it was hot enough. I slid the loaves onto the second shelf, letting the batter softly settle inside the metal pans, and gently closed the door. I turned the timer to 60 minutes and thought, “Okay, I’m all set.”
Leaving my banana bread to bake, I headed to my room to find an outfit. Before I could leave the kitchen, the phone rang.
As soon as I picked it up, I heard my sister’s frantic voice: “Kris, what am I going to bring to Mom’s Christmas party?”
“The whole family loves your oatmeal cake; why don’t you make that?”
“That’s a good idea,” Jules replied, “Everybody really does love that cake.”
“What’s not to love?” I asked.
“You’re right,” Jules acknowledged. “My oatmeal cake is pretty good. In fact, it’s the sweetest dessert that I make.”
“Then, go make it,” I said, laughing. “The party starts in two hours!” I continued, “Anyway, I have to check on my banana bread and get ready. I’ll talk to you later.”
I hung up the phone and opened the oven door cautiously. The banana bread’s delicious scent filled the air. I sniffed the cinnamon-scented steam and beamed in satisfaction; although the two loaves of bread took a whole hour to bake, they smelled awesome! I took them out of the oven and left them to cool.
Turning to the stack of dishes, I sighed. Reluctantly, I turned on the water to fill the sink with hot water, squirted in some soap, and grabbed a sponge. I began to wash a bowl, but before I could rinse it, the phone rang again.
“What now?” I thought, reaching for my cell phone with a sudsy hand.
“Hello,” Sara said before I could open my mouth. “Kris, what’re you doing?” Her voice ran at me in a breathless rush that spoke of panic.
“I’m washing dishes and getting ready to go. What’s up?”
Sara sighed and said, “Oh, the party. Kris, what can I bring? I can’t go if I don’t bring something. What can I bring? Any ideas? What?” Sara sounded as frantic as a small child up late on Christmas Eve.
I laughed and told her, “So many people have asked me that today! I’m an encyclopedia of ideas! Jules is bringing her famous oatmeal cake, so why don’t you bring your eggnog? They will go great together. Plus, your eggnog is heaven in a mug.”
“It is good,” Sara responded. “I think I will make eggnog. Thanks for your help. See you tonight!” Her voice calmer, Sara hung up.
When I finished the dishes, I realized I had just enough time for a shower. In thirty minutes, I was as freshly scrubbed as the dishes drying in the drainer. I stared at the pile of clothes in my room.
Taking a deep breath, I dug through it until I found my favorite sweater, a cleanish pair of jeans, and my Christmas socks. I hopped from one foot to the other, pulling on the socks as I headed back down the stairs. I ran a finger along the top of one loaf of banana bread; it was nice and cool.
“These loaves should be as festively dressed as I am,” I thought, so I wrapped them in silver foil and tied bright red ribbons around them.
“Fifteen minutes and counting.”
In record time, I finished getting ready, grabbed my keys, dashed out of the house, jumped in the car, and peeled out of the drive.
************************************************************************************************************************************
What happens next? Help to conclude the story and add more detail throughout by choosing the word(s) that best complete the sentences, keeping the same time period as the storyline.
Financial statements
Topic 1 Part A (75%)
FMCG Ltd (who is in retail business) has to prepare its consolidated financial statements at 30 June 2019. FMCG Ltd had acquired its 85% interest in RG Ltd on 1 July 2017, that is, two years earlier. At that date the capital and reserves of RG Ltd were:
Share capital $200,000 Retained earnings $170,000
At the date of acquisition all asset of RG Ltd considered to be fair valued.
The financial statements of FMCG Ltd and its subsidiary RG Ltd at 30 June 2019 are as follows:
Statement of financial position
Description FMCG Ltd ($000) RG Ltd ($000) Current assets Accounts receivable 60 62 Inventory 90 30 Non-current assets Land and buildings 225 325 Plant-at cost 300 356 Accumulated depreciation (86) (140) Investment in RG Ltd 360 – Total 949 633 Current liabilities Accounts payable 56 45 Taxation payable 42 24 Non-current liabilities Loans payable 175 118 Shareholders’ equity Share capital 350 200 Retained earnings 326 246 Total 949 633
Detailed reconciliation of opening and closing retained earnings
Description FMCG Ltd ($000) RG Ltd ($000) Sales revenue 700 575 Cost of goods sols (465) (235) Gross profit 235 340 Expenses Administration expenses (30) (40) Management fee expenses – (26) Depreciation (25) (55) Other expenses (102) (76) Other income
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Management fee income 26 – Dividends from RG Ltd 75 – Gain on sale of plant 35 – Profit before tax 214 143 Tax expense (65) (43) Profit for the year 149 100 Retained earnings- 30 June 2018 315 240 464 340 Dividends paid (138) (94) Retained earnings- 30 June 2019 326 246
Following are the list of transactions between FMCG Ltd and its subsidiary RG Ltd during the year 1 July 2018 to 30 June 2019: • RG Ltd paid $26,000 in management fee to FMCG Ltd. • FMCG management determined that the goodwill is impaired by $5,000 in the current financial year. Previous accumulated impairment amounted to $22,000. • During the year FMCG Ltd made total sales to RG Ltd of $60,000, while RG Ltd sold $50,000 in inventory to FMCG Ltd. • The opening inventory in FMCG Ltd as at 1 July 2018 included inventory acquired from RG Ltd for $40,000 that had cost RG Ltd $33,000 to produce. • The closing inventory in FMCG Ltd includes inventory purchased from RG Ltd at a cost of 33,000. The cost of this inventory to RG Ltd was $27,000. • The closing inventory of RG Ltd includes inventory acquired from FMCG Ltd at a cost of $12,000. This cost FMCG Ltd $9,000 to produce. • On 1 July 2018, FMCG Ltd sold an item of equipment to RG Ltd for $120,000 when its carrying value in FMCG Ltd was $80,000 (cost of $132,000, accumulated depreciation of $52,000). Remaining useful life for this equipment is being assessed as six years. • Management of FMCG Ltd values any non-controlling interest at the proportionate share of RG Ltd’s identifiable net assets. • Applicable tax rate is 30%. • All calculated amounts are to be rounded to the nearest whole dollar.
Required: Prepare the consolidation eliminations journals necessary and required before preparation of consolidated financial statements of FMCG Ltd and its subsidiary (state narrations to journals, provide clear workings and explanations). Also prepare a calculation of non-controlling interest at acquisition date, between acquisition date and the beginning of the reporting period and for current reporting period. (30 marks)
4
Topic 1
Part B (12.5%)
The consolidated financial statements of FMCG Ltd and RG Ltd were presented to the Board. The Board is alarmed that the economic entity’s balance sheet (consolidated balance sheet) shows a deferred tax balance, when the accounts for FMCG Ltd had no deferred tax asset or deferred tax liability.
FMCG management is also planning to acquire another entity ABC Investments Ltd in the near future. Management pointed out to the Board that on acquisition, the financial results of this new subsidiary (ABC Investments Ltd) will also be consolidated in the economic entity financial statements.
One of the Board members noted that the new business to be acquired by FMCG Ltd is an investment company. Its financial statements should not be consolidated because it is involved in investments industry, whereas all of the other companies in the economic entity are involved in retail industry.
Required:
As the financial accountant you are requested to prepare a response to the following questions:
(a) Why does the economic entity have a deferred tax balance? (2.5 marks)
(b) Should the financial statements of proposed acquired business, ABC Investments Ltd, be consolidated into the economic entity and why? (2.5 marks)
Please note that in your response you must make reference to relevant paragraphs of the Accounting Standard and/or AASB Framework and to other sources of material.
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Topic 2 (12.5%)
Paragraph 23 of an earlier version of IAS 38 Intangible Assets states that:
The Board’s view, consistently reflected in previous proposals for intangible assets, is that there should be no difference between the requirements for: (a) intangible assets that are acquired externally; and (b) internally generated intangible assets, whether they arise from development activities or other types of activities.
Required: Evaluate the above view, identify and explain inconsistencies between this view and the current requirements of AASB 138. (5 marks)
Economic growth rate
- Read the short editorial by Duncan Madden at https://www.forbes.com/sites/duncanmadden/2019/03/28/ranked-the-10-happiest-countries-in-the-world-in-2019/#4f49d19248a5 regarding the most recent World Happiness Report. If you want to see the full report, it is available here: http://worldhappiness.report/ed/2019/
- Upload your individual response of 2-3 paragraphs (about 1 page) to the following questions. Your response will clearly involve some amount of opinion, but do your best at thinking through and analyzing the questions fully before writing your answer. Carefully organize your writing before uploading your response, and any information from outside sources must be cited appropriately using MLA style.
Instructions/Questions
- Choose one of the top 10 countries, and search for its 2017 or 2018 economic growth rate (you can use GDP or GDP per capita growth rate).
- Do you think the amount of recent economic growth in your chosen country made a contribution to the happiness level measured in the report?
- What specifically has your chosen country done to promote economic growth? How have they focused on human capital, physical capital, or technology? This could involve government policies and/or private sector initiatives. (Answering this question requires doing some research on your own, separate from reading the initial short editorial.)
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Under The Corporate Form Of Business Organization
1. Under the corporate form of business organization
a. a stockholder is personally liable for the debts of the corporation.
b. stockholders’ acts can bind the corporation even though the stockholders have not been appointed as agents of the corporation.
c. the corporation’s life is stipulated in its charter.
d. stockholders wishing to sell their corporation shares must get the approval of other stockholders.
2 Stockholders of a corporation directly elect
a. the president of the corporation.
b. the board of directors.
c. the treasurer of the corporation.
d. all of the employees of the corporation.
3 Those most responsible for the major policy decisions of a corporation are the
a. stockholders.
b. board of directors.
c. management.
d. employees.
4 The chief accounting officer in a company is known as the
a. controller.
b. treasurer.
c. vice-president.
d. president.
5 Which one of the following would not be considered an advantage of the corporate form
of organization?
a. Limited liability of stockholders.
b. Separate legal existence.
c. Continuous life.
d. Government regulation.
6 The two ways that a corporation can be classified by purpose are
a. general and limited.
b. profit and not-for-profit.
c. state and federal.
d. publicly held and privately held.
7 The two ways that a corporation can be classified by ownership are
a. publicly held and privately held.
b. stock and non-stock.
c. inside and outside.
d. majority and minority.
8 Which of the following would not be true of a privately held corporation?
a. It is sometimes called a closely held corporation.
b. Its shares are regularly traded on the New York Stock Exchange.
c. It does not offer its shares for sale to the general public.
d. It is usually smaller than a publicly held company.
9 Which of the following is not true of a corporation?
a. It may buy, own, and sell property.
b. It may sue and be sued.
c. The acts of its owners bind the corporation.
d. It may enter into binding legal contracts in its own name.
10 Jason Hansen has invested $600,000 in a privately held family corporation. The corporation does not do well and must declare bankruptcy. What amount does Hansen stand to lose?
a. Up to his total investment of $600,000.
b. Zero.
c. The $600,000 plus any personal assets the creditors demand.
d. $400,000.
11 Which of the following statements reflects the transferability of ownership rights in a corporation?
a. If a stockholder decides to transfer ownership, he must transfer all of his shares.
b. A stockholder may dispose of part or all of his shares.
c. A stockholder must obtain permission of the board of directors before selling shares.
d. A stockholder must obtain permission from at least three other stockholders before
selling shares.
12 A corporate board of directors does not generally
a. select officers.
b. formulate operating policies.
c. declare dividends.
d. execute policy.
13 The officer that is generally responsible for maintaining the cash position of the
corporation is the
a. controller.
b. treasurer.
c. cashier.
d. internal auditor.
14 The ability of a corporation to obtain capital is
a. enhanced because of limited liability and ease of share transferability.
b. less than a partnership.
c. restricted because of the limited life of the corporation.
d. about the same as a partnership.
15 Which of the following statements concerning taxation is accurate?
a. Partnerships pay state income taxes but not federal income taxes.
b. Corporations pay federal income taxes but not state income taxes.
c. Corporations pay federal and state income taxes.
d. Only the owners must pay taxes on corporate income.
16 Which of the following statements is not considered a disadvantage of the corporate
form of organization?
a. Additional taxes.
b. Government regulations.
c. Limited liability of stockholders.
d. Separation of ownership and management.
17 A disadvantage of the corporate form of organization is
a. professional management.
b. tax treatment.
c. ease of transfer of ownership.
d. lack of mutual agency.
18 A disadvantage of the corporate form of business is
a. its status as a separate legal entity.
b. continuous existence.
c. government regulation.
d. ease of transfer of ownership.
19 Which of the following phrases is not descriptive of the corporate form of business?
a. Professional management.
b. Double taxation on distributed earnings.
c. Unlimited liability.
d. Continuous existence.
20 Which one of the following is not an ownership right of a stockholder in a corporation?
a. To vote in the election of directors.
b. To declare dividends on the common stock.
c. To share in assets upon liquidation.
d. To share in corporate earnings.
Finance Excel Project
For this project, please use Excel to do your calculations and analysis and then type a report in MS Word. Your report should clearly and thoroughly answer the eight questions below. The report should be typed double-spaced using a Times New Roman Font, size 12. Please limit your report to no more than 10 pages. Submit your report and Excel file on Blackboard, as well as provide me a hard copy of your report in class. All of this needs to be completed by the listed due date on the syllabus.You must use scenario manager function from EXCEL for this Project.
1) Use the base case assumptions (pg. 4) as well as the information presented in the case to build a four-year discounted cash flow model for Advanced Seal given a 50% cannibalization rate for the Premium Product and a 15% cannibalization rate for the Basic Product. What are your NPV and IRR results? Please use the “Basic Template” from the excel file provided for the project.
2) Calculate (1) again using a 55% cannibalization for the Premium Product and a 15% cannibalization rate for the Basic Product. Show your NPV and IRR results.
3) Calculate (1) again using a 60% cannibalization rate for the Premium Product and a 15% cannibalization rate for the Basic Product. Show your NPV and IRR results.
4) Use the model developed in (1) to test the implications of Christina Whitman’s “Proposal to Drive Revenue” (pg. 5). Please use a 50% cannibalization rate for the Premium Product and a 15% cannibalization rate for the Basic Product. Show your NPV and IRR results. Now, repeat this step but use
- a 57.5% cannibalization rate for the Premium Product and a 15% cannibalization rate for the Basic Product. Show your NPV and IRR results.
- a 65% cannibalization rate for the Premium Product and a 15% cannibalization rate for the Basic Product. Show your NPV and IRR results.
5) Use the model developed in (1) to test the implications of Margaret Tan’s “Proposal to Minimize Cannibalization” (i.e. raising the price to $23 dollar and minimize the cannibalization rate to 45% – pg.6) Show your NPV and IRR results.
6) Summarize your results for part (1) to (5) using the “summary of scenarios “template provided in the excel file. Also, please recommend what P&G should do (between Proposal to Drive Revenue & Proposal to Minimize Cannibalization )
Hint:
- Cannibalization of 50% = – 50% * 2,000,000 = -1,000,000 à reduce 1 million Premium Product, same principles apply for Basic Product.
- You can set Net Working Capital Turnover to run at a rate of 9 (average of 8 to 10 times). Footnote 4: Net Working Capital = Incremental Revenue/ Net Working Capital Turnover.
- The depreciation expense is based on the depreciation schedule in Footnote 3.
- The Terminal Value for the capital expenditure is calculated as the tax shield of the remaining book value times the tax rate.
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Business Finance Homework
Business Finance Homework
- Management of Franklin Mints, a confectioner, is considering purchasing a new jelly bean-making machine at a cost of $312,515. They project that the cash flows from this investment will be $121,450 for the next seven years. If the appropriate discount rate is 14 percent, what is the IRR that Franklin Mints management can expect on this project? (Round answer to 2 decimal places, e.g. 5.25%.)What is the IRR %?
- Hathaway, Inc., a resort company, is refurbishing one of its hotels at a cost of $7,800,000. Management expects that this will lead to additional cash flows of $1,800,000 for the next six years. What is the IRR of this project? If the appropriate cost of capital is 12 percent, should Hathway go ahead with this project? (Round answer to 2 decimal places, e.g. 5.25%.)The IRR of the project is what %?Should the firm accept or reject the project?
- Whitewall Tire Co. just paid an annual dividend of $1.60 on its common shares. If Whitewall is expected to increase its annual dividend by 2 percent per year into the foreseeable future and the current price of Whitewall’s common shares is $11.66, what is the cost of common stock for Whitewall? (Round answer to 2 decimal places, e.g. 15.25%.)Cost of common equity is what %?
- Seerex Wok Co. is expected to pay a dividend of $1.10 one year from today on its common shares. That dividend is expected to increase by 5 percent every year thereafter. If the price of Seerex common stock is $13.75, what is the cost of its common equity capital? (Round intermediate calculations to 4 decimal places, e.g 0.5212 and final answer to 2 decimal places, e.g. 15.25%.)Cost of common stock %?
- Two-Stage Rocket paid an annual dividend of $1.25 yesterday, and it is commonly known that the firm’s management expects to increase its dividend by 8 percent for the next two years and by 2 percent thereafter. If the current price of Two-Stage’s common stock is $17.8, what is the cost of common equity capital for the firm? (Do not round intermediate calculations. Round answer to 0 decimal places, e.g. 15%.)Cost of common equity %?
- Fjord Luxury Liners has preferred shares outstanding that pay an annual dividend equal to $15 per year. If the current price of Fjord preferred shares is $107.14, what is the after-tax cost of preferred stock for Fjord? (Round intermediate calculations to 4 decimal places, e.g. 1.2514 and final answer to 2 decimal places, e.g. 15.25%.)After-tax cost preferred stock %?
- Kresler Autos has preferred shares outstanding that pay annual dividends of $12, and the current price of the shares is $80. What is the after-tax cost of new preferred shares for Kresler if the flotation (issuance) costs for preferred are 5 percent? (Round intermediate calculations to 4 decimal places, e.g. 1.2514 and final answer to 2 decimal places, e.g. 15.25%.)After-tax cost preferred shares %?
- Capital Co. has a capital structure, based on current market values, that consists of 50 percent debt, 10 percent preferred stock, and 40 percent common stock. If the returns required by investors are 8 percent, 10 percent, and 15 percent for the debt, preferred stock, and common stock, respectively, what is Capital’s after-tax WACC? Assume that the firm’s marginal tax rate is 40 percent. (Round intermediate calculations to 4 decimal places, e.g. 1.2514 and final answer to 2 decimal places, e.g. 15.25%.)After tax WACC %?
Modeling policy with simulations
Please find a total of 4 websites that are related to modeling policy with simulations. These can be and include eGovPoliNet and others that have been mentioned in the papers, readings or videos. They can be community-based, software-based, or others, but make sure they are related to the topics that we are discussing this week.
- Please describe the purpose of the website.
- What you learned from visiting the website.
- Anything else what you want to describe.
Please use any research documents, articles that you think will help tell the story.
The paper needs to be APA formatted and includes a title page and reference page. Minimum of 2 pages.
ENG-105: Module
Quiz Details
This quiz covers material that is critical to your success in ENG-105. As you take the quiz, please write down vocabulary and concepts that seem unfamiliar. You will have a chance to refresh your understanding of all the information on this quiz throughout our first week of class. Please do not hesitate to ask about study materials for any information you need.
The quiz will be in two parts; part one will be responding to the questions below, and part two will be a multiple choice section; you will be completing this section in the quiz forum (Go to the Task tab>>Quiz).
Part One Instruction:
Please answer the following five questions on this document; if you require more room to respond to the question, the space can be manipulated. Please remember to save your work and then submit this document in the assignment drop box for Module 1 Quiz: Part One. If you are unclear of these instructions, please contact your instructor.
1. Clark Kent is writing an essay for Professor Thunder Lope’s ENG-105 course and asks you to guide him in writing his heading in GCU Style for a paper that is due February 1, 2015. In the space below, please write the heading for this paper in GCU Style.
2. Sally Student has been asked to summarize a passage from her PHI-105 textbook. In your own words, what is a summary? (Your response should be between 25-50 words please.)
3. Summarize the following passage in 25-50 words:
From Martin Luther King, Jr.’s “Letter from a Birmingham Jail”:
“In any nonviolent campaign there are four basic steps: collection of the facts to determine whether injustices exist; negotiation; self-purification; and direct action. We have gone through all these steps in Birmingham. There can be no gainsaying the fact that racial injustice engulfs this community. Birmingham is probably the most thoroughly segregated city in the United States. Its ugly record of brutality is widely known. Negroes have experienced grossly unjust treatment in the courts. There have been more unsolved bombings of Negro homes and churches in Birmingham than in any other city in the nation. These are the hard, brutal facts of the case. On the basis of these conditions, Negro leaders sought to negotiate with the city fathers. But the latter consistently refused to engage in good faith negotiation” (King, 1963, para. 6).
4. Write a paragraph interpreting the meaning of the passage taken from Martin Luther King Jr.’s “Letter from a Birmingham Jail”: (Your response should be at least 100 words in length please.)
“In any nonviolent campaign there are four basic steps: collection of the facts to determine whether injustices exist; negotiation; self-purification; and direct action. We have gone through all these steps in Birmingham. There can be no gainsaying the fact that racial injustice engulfs this community. Birmingham is probably the most thoroughly segregated city in the United States. Its ugly record of brutality is widely known. Negroes have experienced grossly unjust treatment in the courts. There have been more unsolved bombings of Negro homes and churches in Birmingham than in any other city in the nation. These are the hard, brutal facts of the case. On the basis of these conditions, Negro leaders sought to negotiate with the city fathers. But the latter consistently refused to engage in good faith negotiation” (King, 1963, para. 6).
5. Based on the guidelines for the first essay assignment and the assigned readings for this week, what is a rhetorical analysis? What does it mean to analyze a text? (Your response should be between 50-100 words please.)
Reference
King, M. L. (1963). Letter from a Birmingham Jail.Retrieved from http://www.africa.upenn.edu/Articles_Gen/Letter_Birmingham.html
First Mini-Case Assignment: How The Strategy Process Killed Innovation At Microsoft
The first mini-case assignment to be completed by all CMR 495 students is listed as Mini-Case #4: How the Strategy Process Killed Innovation at Microsoft.
To complete this assignment:
1. Read the general guidelines for mini-case responses that is referenced here: Uniform Instructions for All Mini-Case Responses
2. Read Chapters 2 and 11 in the Rothaermel text to establish an understanding of the strategy theories relevant to this mini-case.
3. Read the text of the mini-case on Microsoft in the Rothaermel text.
4. Draft your response to the mini-case, following the general guidelines referenced above. Share with the instructor for feedback, if desired.
5. Submit your draft response to the mini-case as an e-mail attachment to the instructor at baimsa@miamioh.edu if you would like early feedback (3-4 days before the due date). Submit your final response to the mini-case via Canvas no later than the due date and time specified in the course schedule.
GoPro analysis
I`am sharing 10K of GoPro and their ratio analysis on excel.
Excel on attachment
I`m sharing 10 K in link. (http://d18rn0p25nwr6d.cloudfront.net/CIK-0001500435/9d678fce-169b-4dcc-8b69-92f13df0db04.pdf)
A. Organizational Context
1. What key goods or services does your organization provide, and for whom, where, and why? How do these features of the organization (e.g., major products or services, customers, location) help set the boundaries for business decisions? The starting point for much of this question will be your company choice paper.
2. How is the company organized and managed (by product groups, geographic region, function, etc.)? How does that affect accounting and financial information and subsequent business decisions? Again, the starting point for this will be your company choice paper.
B. Recent Financial Performance
1. Assess what the organization’s consolidated income statements for the last three years say about its financial performance. Use relevant indicators, graphs, and spreadsheets to support your narrative. (graphs are not necessary but any needed tables should be included in the body of Word document with spreadsheet appendix if needed, that shows your calculations.) For example, what do the amounts and year-to-year changes in revenue, operating income, net profit or loss, and earnings before interest, taxes, depreciation, and amortization tell you? Do any items stand out? Here you might talk about % change, etc.
2. Assess what the organization’s consolidated cash flow statements for the same time period say about its financial performance. Use relevant indicators, and tables in the body of your word document to support your narrative. For example, what do the amounts and year-to-year changes in cash from operating activities, cash from investing, cash from financing, and total cash flow tell you? Do any items stand out? I would suggest including here a 5 line table with 3 columns of numbers that shows for each year (column), total operating cash flow, total investing cash flow total financing cash flow, currency translation adjustment, net cash flow for the year. Then talk about how healthy cash flow is, major changes, and significant items in each of the 3 categories (operating, investing, financing).
3. Assess the organization’s underlying financial performance. Support your answer with the analysis above and relevant research. For example, is recent performance substantially affected by unusual events such as a major acquisition or spin-off? Is the business thriving or struggling in its industry? How do you know? Here you might refer back to how your company compared to the industry averages you researched for the ratio spreadsheet assignment, and use to help determine how healthy your company is. Be sure to cite relevant ratios (to your discussion) and those numbers. C. Current Financial Health
1. Assess how the organization is capitalized (remember assets = liabilities + equity, how is your company structured more by stock or more by debt? Is most of the equity capital in the form of retained earnings? Keep in mind the effects of treasury stock here) and what that tells you about its financial health. Support your response with relevant tables and indicators such as cash and cash equivalents, total debt, shareholders’ equity, current ratio, debt/equity ratio, and days sales outstanding (DSO). For example, does the organization have enough cash for payroll and other bills? Does it have the right mix of debt versus equity (stock)? How do you know? Remember that you calculated many of these ratios in your ratio assignment. Cite relevant ratios, trends in these ratios, and how they differ from the industry. Keep in mind too that the industry might not be healthy at the present time.
2. Does the organization have the right amount of cash and other resources (key people, technologies, reputation, physical assets, etc.) to fuel future growth? What does this suggest for business decisions? For example, if it has too much cash, should it pay a large dividend, repurchase its own shares, or reinvest the excess funds? Here, look at the cash balances. Are they excessive? Does the organization have sufficient plant assets? Does it invest in research to keep it at the forefront of its market? Does it have strong trademarks, trade names, and market share?
3. Assess the financial value of the company using relevant indicators. What does your assessment imply for future business health and performance? For example, what is the business’s current market value (number of shares outstanding * current or year end market price)? What is its price-to-earnings ratio (go back to ratio spreadsheet, how does this compare to industry?)? What do these suggest about investor perceptions of the business’s future?
Evaluation: Strategic plans and recommendations for competing in the future
Redbox has enjoyed explosive success in deploying movie rental kiosks, but will its success be sustainable? In part II of this DQE, you will be required to evaluate and analyze the pros and cons of Redbox’s strategy. You may elect to perform a SWOT analysis and identify the strategic issues that Redbox management needs to address so that the company can remain competitive. Your evaluation and analysis must include:
· New Strategic plans and recommendations for competing in the future
· Significant Research to support and/or justify your plans and recommendations
· A plan to mitigate some of the effects of Porter’s five (5) competitive forces
· A plan for implementation
Two Pages
I need it simple english with a little bit mistakes. Also please be fearful about the plagrism he caught me before.
I attatched the presentation that I will do.
The two pages should be about the presentation as well with more sources
Please write a minimum 2 page summary of your content. Include a minimum of 2 academic sources OTHER THAN your textbooks. Be sure to follow APA guidelines (e.g., Times Roman 12 pt. font, 1” margins, include a Reference page).
Cost calculation
Overview: For this task, you will explain the importance of cost of capital to organizational success and work through some calculations to understand their value. Prompt: First, review the module resources, especially Chapter 11 in the textbook. Then, address the following: · Answer the following questions based on your organization chosen for the final project. Write your response in a separate Microsoft Word document: o Importance of Cost of Capital: Why is cost of capital important to an organization, and what does it measure? o Meaning of Calculations: How do organizations calculate various costs, and what do these calculations mean to business? · After completing the written portion, calculate answers to the problems in the worksheet. Refer to the textbook and other course materials to support your responses. Rubric Guidelines for Submission: Your written response should be a 2-3 page Microsoft Word document, double spaced, with 12-point Times New Roman font, one-inch margins, and citations in APA style. You must also complete and submit the Module Eight Activity Worksheet
Discussion: Storage, electricity, heat, memory and space for growth
Watch the video, “Facebook Data Center” and answer the following question:
1. Five issues are discussed in the video: storage, electricity, heat, memory and space for growth. How does Facebook address these issues?
Summarize your findings in a typed report, double-spaced, 12 pt. font, using APA or MLA style for in-text citations and references.
Essay: Ethical dilemma
Write a 1500-2500 word essay in APA format regarding:
The topic will be a choice of an Ethical dilemma that you will choose from the list and write about from the perspective of a law enforcement officer. (pick one of these below)
1. Police Officers: Public Servant or Crime Fighter, and why?
2. Death Penalty, For or Against, and why?
3. My Most Ethical Dilemma.
4. As the Police Chief, you have a 20-year veteran officer that is about to retire, but IA has determined he/she has been receiving overtime pay for the last two years by falsifying timesheets. What will your decision be, fire or forgive and why?
Busi 530 Corporate Finance McGraw Hill Connect Home Work 2
Construct a balance sheet for Sophie’s Sofas given the following data. (Be sure to list the assets and liabilities in order of their liquidity.) Cash balances = $ 12,500 Inventory of sofas = $ 225,000 Store and property = $ 125,000 Accounts receivable = $ 24,500 Accounts payable = $ 19,500 Long-term debt = $ 195,000 BALANCE SHEET OF SOPHIE’S SOFAS Assets Liabilities & Shareholders’ Equity Cash $ 12,500 Accounts payable $ 19,500 Accounts receivable 24,500 Long-term debt 195,000 Inventory 225,000 Shareholders’ equity 172,500 Store & property 125,000 Total assets $ 387,000 Total liabilities & Shareholders’ equity $ 387,000
POS-301: Analyzing Tax Worksheet
POS-301: Analyzing Tax Worksheet
Complete all five parts of the worksheet.
Part One: Income Tax
Use one of your paystubs to fill in the table below.
| Who Determines the Amount of Tax? | Services the Tax is Applied Towards | |
| Federal Tax | ||
| State Tax | ||
| Social Security Tax | ||
| Medicare Tax | ||
| Other (Please specify) |
Part Two: Sales Tax
| 1. List all of the taxes (percent, amount, etc.) found on the receipt. 2. Who determines the amount of each tax? 3. Where does revenue from this tax go? What does it fund? |
Use a receipt for a purchase you have made recently to answer the questions below.
Part Three: Utility Tax
Use one of your utility billsto answer the questions below.
Part Three: Utility Tax
Use one of your utility bills to answer the questions below.
| 1. List all of the taxes (percent, amount, etc.) found on the bill. 2. Who determines the amount of each tax? 3. Where does revenue from this tax go? What does it fund? |
Part Four: Property Tax
Use one of your own property tax statements to answer the questions below.
| 1. List all of the taxes (percent, amount, etc.) found on the statement. 2. Who determines the amount of each tax? 3. Where does revenue from this tax go? What does it fund? |
Part Four: Summary and Analysis
Part Five: Summary and Analysis
Write a 200-350-word summary below of your findings and what you have learned about how you are taxed.
Discussion: End-User Satisfaction Of Health Information Systems
Review the article, “Clinical information systems end user satisfaction: The expectations and needs congruencies effects”, and discuss your expectations for satisfaction playing the role of end-user.
Discussion Assignment Expectations
- Support discussion ideas with peer-reviewed material garnered from at least 1 scholarly article.
- When applicable, provide references and citations in APA formatting style.
- Get Homework Help Now!
DBA
Question 1:
Read the Rich, Angry Birds case study beginning on page 262 and answer discussion questions 1 through 6.
Page 261
Angry Birds is a simple and extremely popular video game that has taken the world by storm. Angry Birds is a mobile app whose franchise is also expanding to video game consoles, board games, cookbooks, and toys. In the game, the goal is to retrieve the stolen bird eggs from the enemy pigs and kill the pigs. Players use a slingshot to launch wingless birds through the air to destroy pigs and various structures that are housing the
Page 262
pigs. If the players complete their mission of killing all the pigs within the allotted time and number of birds, they pass to the next level, where different pigs and structures await to be killed and destroyed. As players progress through the stages of the game, new types of birds and features, such as explosives, become available. Numerous free updates, additional content, and holiday promotions help keep consumers hooked on this game.
The global market for applications, or “apps,” is already huge and continues to grow at an exponential rate. In 2010 alone, the global app market accounted for $6.8 billion in sales. Analysts project that this market will see double-digit growth and be worth $25 billion by 2015. Currently over 2 million apps are available and North America produces the most revenue in the app market. However, Asia has the highest number of total app downloads. Of all the apps out there, Angry Birds may be one of the most popular of all time. Angry Birds is downloaded more than 1 million times a day and played for more than 200 million minutes a day.
An executive for the company is exuberant about the app, stating, “Angry Birds is going to be bigger than Mickey Mouse and Mario.” A combination of factors has helped lead to Angry Birds’ success.
• Angry Birds also received a boost from celebrities giving their endorsement by telling fans that they are hooked on the game (e.g., Anja Pärson, a Swedish skier).
• The company made Angry Birds very simple to use, increasing its “addictive power.”
• The unpredictability of the game also lures in consumers.
• The company engages in customer relationship management and maintains communication with its customers through social media.
However, above all, one company executive attributes Angry Birds’ initial success to the Apple platform, which is where Angry Birds started.
The Angry Birds franchise continues to grow and engage consumers by partnering with other organizations and developing new innovations. Soon, they hope to allow users to get special game features as a function of their location. And the company is offering Angry Birds merchandise like speakers in the shape of the Angry Birds characters for assorted electronic devices.
In regard to cause-related marketing, the company behind Angry Birds (Rovio) has joined BirdLife International in the fight to save threatened birds from extinction. Rovio is helping to raise awareness of bird extinction issues through the in-game that directs players to visit BirdLife International’s web page to learn more about their programs. Likewise, BirdLife’s web page hosts a trivia question about bird extinction that produces a secret level of Angry Birds for those players who visit its site.
Discussion Questions
1. The Angry Birds game is a type of innovation. a. Identify whether it is a continuous, dynamically continuous, or discontinuous innovation. b. Conduct an innovation analysis of Angry Birds using Table 7-2 as the basis (for the purposes of analysis, focus on consumers who already use mobile apps).
2. Rovio is engaging in cause-related marketing by teaming up with BirdLife International, a nonprofit organization. How well does this cause “fit” Angry Birds? Discuss the impact that this cause-related marketing partnership could have for Angry Birds.
3. Examine the four cause-related marketing (CRM) consumer segments in Chapter 3. Detail each segment’s likely response to the CRM partnership that Angry Birds has with BirdLife International.
4. Angry Birds and many other apps are available in numerous countries. What are some factors that app designers should consider when entering into a foreign market?
5. Angry Birds is appealing to young children because of its simplicity and cartoonish quality. Clearly, children are one of the market segments that Angry Birds is targeting. It is involved in, or is planning, such initiatives as clothing, toys, and Angry Birds Happy Meals. Chapter 6 discusses marketing to children and the consumer socialization process. What ethical concerns should Rovio consider when marketing to children?
Page 263.
6. Angry Birds has been widely popular among Americans. What American values discussed in Chapter 3 help explain why Angry Birds is appealing to such a large audience. Defend your answer
Question 2:
You have been hired as a consultant for Pristine Urban-Tech Zither, Inc. (PUTZ), manufacturers of fine zithers. The market for zithers is growing quickly. The company bought some land three years ago for $2.1 million in anticipation of using it as a toxic waste dump site but has recently hired another company to handle all toxic materials. Based on a recent appraisal, the company believes it could sell the land for $2.3 million on an aftertax basis. In four years, the land could be sold for $2.4 million after taxes. The company also hired a marketing firm to analyze the zither market, at a cost of $125,000. An excerpt of the marketing report is as follows:
The zither industry will have a rapid expansion in the next four years. With the brand name recognition that PUTZ brings to bear, we feel that the company will be able to sell 3,600, 4,300, 5,200, and 3,900 units each year for the next four years, respectively. Again, capitalizing on the name recognition of PUTZ, we feel that a premium price of $750 can be charged for each zither. Because zithers appear to be a fad, we feel at the end of the four-year period, sales should be discontinued. PUTZ believes that fixed costs for the project will be $415,000 per year, and variable costs are 15 percent of sales. The equipment necessary for production will cost $3.5 million and will be depreciated according to a three-year MACRS schedule. At the end of the project, the equipment can be scrapped for $350,000. Net working capital of $125,000 will be required immediately. PUTZ has a 38 percent tax rate, and the required return on the project is 13 percent. What is the NPV of the project?
Essay: Use Of Encryption To Protect Data At Rest, In Motion, And In Use
Write an essay of at least five hundred words discussing the use of encryption to protect data at rest, in motion, and in use.
Do not copy without providing proper attribution. This paper will be eavaluated through SafeAssign.
Write in essay format not in outline, bulleted, numbered or other list format.
Use the five paragraph format. Each paragraph must have at least five sentences. Include 3 quotes with quotation marks and cited in-line and in a list of references. Include an interesting meaninful title.
Include at least one quote from each of 3 different articles, place the words you copied (do not alter or paraphrase the words) in quotation marks and cite in-line (as all work copied from another should be handled). The quotes should be full sentences (no more, less) and should be incorporated in your discussion (they do not replace your discussion) to illustrate or emphasize your ideas.
Cite your sources in a clickable reference list at the end. Do not copy without providing proper attribution (quotation marks and in-line citations). Write in essay format not in bulleted, numbered or other list format.
It is important that you use your own words, that you cite your sources, that you comply with the instructions regarding length of your submission Do not use spinbot or other word replacement software. It usually results in nonsense and is not a good way to learn anything. I will not spend a lot of my time trying to decipher nonsense. Proof read your work or have it edited. Find something interesting and/or relevant to your work to write about. Please do not submit attachments unless requested.
- Required ReadingChapter 2 in the text: Preventing Direct Access to Data
https://www.zdnet.com/article/encrypting-data-at-rest-is-vital-but-its-just-not-happening/
https://digitalguardian.com/blog/data-protection-data-in-transit-vs-data-at-rest
https://docs.microsoft.com/en-us/azure/security/azure-security-encryption-atrest
https://www.datamotion.com/2015/12/best-practices-securing-data-at-rest-in-use-and-in-motion/ Required VideosWatch this video about encrypting data at rest and in motion. Watch it for the issues related to encryption of data. It is not intended to be a commercial for Aberdeen or Vormetric.
https://www.youtube.com/watch?v=5DsnvMkGLS4
Transparent Data Encryption
https://www.youtube.com/watch?v=8DNx4s8q-8E
Homomorphic Encryption
https://www.youtube.com/watch?v=NBO7t_NVvCc
https://www.youtube.com/watch?v=Kfwo-S2jZv4- Get Homework Help Now!
Mind Map assignment
Mind Map assignment
Create a mind map of an original business idea. You can use the same idea you’re using for the Elevator Pitch assignment or a different idea. Based on the
information discussed in class, brainstorm what you would need to consider in order to move forward with your business idea. For example, if one branch of
your mind map is target market, smaller branches from there might include age, sex, occupation, hobbies, and other characteristics to define your target
market.
The mind map should be hand-drawn, not created with software. Take a photo of your mind map and upload it to the Mind Map dropbox folder in Brightspace.
Discussion: Storytelling Techniques
Data representation is the act of displaying the visual form of your data. The process of identifying the most effective and appropriate solution for representing our data is unquestionably the most important feature of our visualization design. Working on this layer involves making decisions that cut across the artistic and scientific foundations of the field.
Here we find ourselves face-to-face with the demands of achieving that ideal harmony of form and function that was outlined in Chapter 6, Data Representation. We need to achieve the elegance of a design that aesthetically suits our intent and the functional behavior required to fulfill the effective imparting of information. According to Kirk 2016, in order to dissect the importance of data representation, we are going to “look at it from both theoretical and pragmatic perspectives.”
Instructor’s discussion question:
Three storytelling techniques are discussed in the text (pages 161-209) in which data is presented and stories are being interpreted. What is the importance and advantages of using these techniques? Provide an example of each technique.
CASE:HEALTH INFORMATION SYSTEMS ACQUISITION AND IMPLEMENTATION
Write a 7- to 10-page technical paper that outlines the acquisition, implementation, standards, policies, and applications of a major health information system such as electronic medical records (EMRs), clinical decision support systems (CDSS), medical administration records (MARs), computerized provider order entry (CPOEs). Discuss the needs, benefits, challenges, and technical specifications of the system.
Assignment Expectations
- Your references and citations should be consistent with a particular formatting style such as APA.
- Provide references from at least 3 scholarly articles.
- Your response should be based on reliable and scholarly material, such as peer-reviewed articles, white papers, technical papers, etc. Do not include information from non-scholarly materials such as wikis, encyclopedias, or www.freearticles.com (or similar websites).
- Your response should incorporate the outcomes of the module with the requirements of this assignment.
- Your paper must demonstrate a practical understanding of the architectural framework of the health information system selected.
Case Study: Inflammatory Bowel Disease and Urinary Obstruction.
Students much review the case study and answer all questions with a scholarly response using APA and include 2 scholarly references. Answer both case studies on the same document and upload 1 document to Moodle. Case Studies will be uploaded to Moodle and put through TURN-It-In (anti-Plagiarism program). Turn it in Score must be less than 50% or will not be accepted for credit, must be your own work and in your own words.
The answers must be in your own words with reference to journal or book where you found the evidence to your answer. Do not copy paste or use a past students work as all files submited in this course are registered and saved in turn it in program.
All answers to case studies must have reference cited in text for each answer and minimum of 2 Scholarly References (Journals, books) (No websites) per case Study
Inflammatory Bowel Disease Case Study
The patient is an 11-year-old girl who has been complaining of intermittent right lower quadrant pain and diarrhea for the past year. She is small for her age. Her physical examination indicates some mild right lower quadrant tenderness and fullness.
Studies Results Hemoglobin (Hgb), 8.6 g/dL (normal: >12 g/dL) Hematocrit (Hct), 28% (normal: 31%-43%) Vitamin B12 level, 68 pg/mL (normal: 100-700 pg/mL) Meckel scan, No evidence of Meckel diverticulum D-Xylose absorption, 60 min: 8 mg/dL (normal: >15-20 mg/dL)
120 min: 6 mg/dL (normal: >20 mg/dL)
Lactose tolerance, No change in glucose level (normal: >20 mg/dL rise in glucose) Small bowel series, Constriction of multiple segments of the small intestine
Diagnostic Analysis
The child’s small bowel series is compatible with Crohn disease of the small intestine. Intestinal absorption is diminished, as indicated by the abnormal D-xylose and lactose tolerance tests. Absorption is so bad that she cannot absorb vitamin B12. As a result, she has vitamin B12 deficiency anemia. She was placed on an aggressive immunosuppressive regimen, and her condition improved significantly. Unfortunately, 2 years later she experienced unremitting obstructive symptoms and required surgery. One year after surgery, her gastrointestinal function was normal, and her anemia had resolved. Her growth status matched her age group. Her absorption tests were normal, as were her B12 levels. Her immunosuppressive drugs were discontinued, and she is doing well.
Critical Thinking Questions
1. Why was this patient placed on immunosuppressive therapy?
2. Why was the Meckel scan ordered for this patient?
3. What are the clinical differences and treatment options for Ulcerative Colitis and Crohn’s Disease? (always on boards)
4. What is prognosis for patients with IBD and what are the follow up recommendations for managing disease?
Urinary Obstruction case study
The 57-year-old patient noted urinary hesitancy and a decrease in the force of his urinary stream for several months. Both had progressively become worse. His physical examination was essentially negative except for an enlarged prostate, which was bulky and soft.
Studies Results Routine laboratory studies Within normal limits (WNL) Intravenous pyelogram (IVP) Mild indentation of the interior aspect of the bladder, indicating an enlarged prostate Uroflowmetry with total voided flow of 225 mL 8 mL/sec (normal: >12 mL/sec) Cystometry Resting bladder pressure: 35 cm H2O (normal: <40 cm H2O) Peak bladder pressure: 50 cm H2O (normal: 40-90 cm H2O) Electromyography of the pelvic sphincter muscle Normal resting bladder with a positive tonus limb Cystoscopy Benign prostatic hypertrophy (BPH) Prostatic acid phosphatase (PAP) 0.5 units/L (normal: 0.11-0.60 units/L) Prostate specific antigen (PSA) 1.0 ng/mL (normal: <4 ng/mL) Prostate ultrasound Diffusely enlarged prostate; no localized tumor
Diagnostic Analysis
Because of the patient’s symptoms, bladder outlet obstruction was highly suspected. Physical examination indicated an enlarged prostate. IVP studies corroborated that finding. The reduced urine flow rate indicated an obstruction distal to the urinary bladder. Because the patient was found to have a normal total voided volume, one could not say that the reduced flow rate was the result of an inadequately distended bladder. Rather, the bladder was appropriately distended, yet the flow rate was decreased. This indicated outlet obstruction. The cystogram indicated that the bladder was capable of mounting an effective pressure and was not an atonic bladder compatible with neurologic disease. The tonus limb again indicated the bladder was able to contract. The peak bladder pressure of 50 cm H2O was normal, again indicating appropriate muscular function of the bladder. Based on these studies, the patient was diagnosed with a urinary outlet obstruction. The PAP and PSA indicated benign prostatic hypertrophy (BPH). The ultrasound supported that diagnosis. Cystoscopy documented that finding, and the patient was appropriately treated by transurethral resection of the prostate (TURP). This patient did well postoperatively and had no major problems.
Critical Thinking Questions
1. Does BPH predispose this patient to cancer?
2. Why are patients with BPH at increased risk for urinary tract infections?
3. What would you expect the patient’s PSA level to be after surgery?
4. What is the recommended screening guidelines and treatment for BPH?
5. What are some alternative treatments / natural homeopathic options for treatment?
Importance of cost capital
I need to answer the following questions based on Anthen Inc. (Healthcare Industry:
o Importance of Cost of Capital: Why is cost of capital important to an organization, and what does it measure?
o Meaning of Calculations: How do organizations calculate various costs, and what do these calculations mean to business?
· After completing the written portion, calculate answers to the problems in the worksheet attached.
Banker to the Poor: Mirco-lending and the battle against world poverty
Final Paper
The ability to author a well written paper is a staple undergraduate work. By mid-semester you are to read Banker to the Poor: Mirco-lending and the Battle Against World Poverty by Muhammad Yunus and craft a well written paper using the following guidelines.
Your paper should be written according to APA 6 guidelines and include an abstract and cover-page with the assignment title, your name, date, university name, school name, course number, and professor. See figure 1 below. Your paper should be no less than 7 pages in length, double-spaced, 1-inch margins, Times New Roman, 12-point font, and include a reference page. There is no penalty for writing more than 7 pages. Do not plagiarize as each submitted paper will be scanned through iThenticate plagiarism software. References from the book and course textbook should be followed by an in-text citation. Each page should be numbered at the center and bottom of each page. Your cover page and reference pages do not count towards the total page count. Each section of your paper should be labeled with the corresponding question in bold.
Your paper should address each of the following questions:
1. What was Yunus’ vision? And what was his inspiration for this vision? (Hint, Jabra)
2. In Banker to the Poor, why does Muhammad Yunas focuse on making micro loans specifically to rural women? Discuss his reasoning. Was this leadership? If so, what type of Leadership trait, or approach was it? Support your answer. Cross reference his reasoning with definitions located in the textbook.
3. Using the Northouse text as a reference (Ch 2) what leadership traits does Yunus express? Support your answer. Provide specific examples and cross reference those examples with definitions located in the textbook.
4. Using the Northouse text as a reference, (Ch4) what behavioral approaches does Yunus use? Support your answer. Provide specific examples and cross reference those examples with definitions located in the textbook.
5. Of the four leadership styles discussed in this course, Transformational Leadership, Authentic Leadership, Servant Leadership, and Adaptive Leadership, which does Yunus use? All? Some? Support your answer. Provide specific examples and cross reference those examples with definitions located in the textbook.
6. Of the various theories, perspectives and principles of ethics found in Ch 13 which does Yunus subscribe to? Support your answer. Provide specific examples and cross reference those examples with definitions located in the textbook.
Figure 1
[TITLE]
Submitted to
Dr. Edward A. Gibbons, III
Of
Louisiana State University
School of Leadership and Human Resource Development
College of Human Sciences and Education
In partial fulfillment of course requirements for LHRD 3723
by
[NAME]
HSD. [Name of Highschool], [Year of HS graduation]
[DATE]
Grading Rubric
| Construct an abstract / synthesis of the book and outcome. Briefly discuss the challenges Yunus faced along with a brief description of the leadership qualities he demonstrated. | 10% |
| Describe in detail why Muhammad Yunas focuses on making micro loans specifically to rural women. Discuss his reasoning. Was this leadership? If so, what type of Leadership trait, or approach was it? Support your answer. Provide specific references with definitions from the text. Cite the book and textbook often. | 18% |
| Using the Northouse text as a reference (Ch 2) discuss the leadership traits Yunus expresses. Support your answer. Provide specific examples and cross reference those examples with definitions located in the textbook. Cite the book and textbook often. | 18% |
| Using the Northouse text as a reference, (Ch4) discuss the behavioral approaches Yunus uses? Support your answer. Provide specific examples and cross reference those examples with definitions located in the textbook. | 18% |
| Of the four leadership styles discussed in this course, Transformational Leadership, Authentic Leadership, Servant Leadership, and Adaptive Leadership, discuss which one, some, or all that Yunus uses. Support your answer. Provide specific examples and cross reference those examples with definitions located in the textbook. Cite the book and textbook often. | 18% |
| Of the various theories, perspectives and principles of ethics found in Ch 13 discuss, in detail, which of these Yunus subscribes to. Support your answer. Provide specific examples and cross reference those examples with definitions located in the textbook. Cite the book and textbook often. | 18% |
*An immediate 25 points will be deducted if your paper does not include a reference page and corresponding in-text citations.
*Obvious plagiarism will be reported to the Office of Student Advocacy and Accountability.
Criminal Prosecution Paper
Assignment Content
- Create an outline of 2 to 3 pages for your Criminal Prosecution Paper due Week 4.
Be sure your outline includes a section that addresses the following regarding the case you chosen in Week 1:
- The purpose of a grand jury
- Grand jury reform
- The elements of both the crime and attempted defense
- The requirements for bail in the state and whether or not the defendant received bail
- How the defendant was charged (grand jury or preliminary hearing)
- Whether or not there was a plea bargain and the type of plea bargain
Phoenix leadership 300 Assessment
Open your web browser and search for either “Leadership Legacy Assessment Test” or “Disc Personality Test.”
Complete one of these free online tests. Note: The online test should be free so if you encounter a site that charges a fee for the test please continue searching for a site that offers a free test.
Write a 700- to 1,050-word summary in which you articulate elements of leadership using the following criteria:
- Examine your individual, essential elements of leadership and management.
- Differentiate between leadership and management roles, and provide specific examples from the text, literature, or personal example.
Cite at least one peer-reviewed source in addition to the course text (be certain to include the web link for your test in your citations).
Format your paper consistent with APA guidelines.
Curriculum Leadership Roles
- Assume you are interviewing with two top administrators of an organization for a new position of curriculum leadership. The administrators are still developing the description of the position and are expecting applicants to offer descriptions of the job. Explain to the administrators at least three primary roles you believe should be your responsibility. Provide a rationale for your response.
- Review the roles of teachers in curriculum development described in the textbook and discuss the approach that is typically followed in your school or district. Provide reasons and examples to support your response. (If you are not aware of the roles of teachers in curriculum development in your school or district, discuss the approach you believe is most advantageous and provide a rationale for the approach.)
Creating an ERD
Create an ERD for a car dealership. Make sure to mark each of your table’s relationships specifically with PK for Primary Key and FK for Foreign Key. Connect the PK and FK relationships accordingly. BACKGROUND: The dealership sells both new and used cars, and it operates a service facility. Base your design on the following business rules:
• A salesperson may sell many cars, but each car is sold by only one salesperson. • A customer may buy many cars, but each car is bought by only one customer. • A salesperson writes a single invoice for each car he or she sells. • A customer gets an invoice for each car he or she buys. • A customer may come in just to have his or her car serviced; that is, a customer need not buy a car to be classified as a customer. • When a customer takes one or more cars in for repair or service, one service ticket is written for each car. • The car dealership maintains a service history for each of the cars serviced. The service records are referenced by the car’s serial number. • A car brought in for service can be worked on by many mechanics, and each mechanic may work on many cars. • A car that is serviced may or may not need parts (e.g., adjusting a carburetor or cleaning a fuel injector nozzle does not require providing new parts). DELIVERABLE: Your end product is to submit a single page ERD depicting the full model of the car dealership relational database
Mental Health Disorders
A 38-year-old woman presents to the office with complaints of weight
loss, fatigue, and insomnia of 3-month duration. She reports that she has
been feeling gradually more tired and staying up late at night because
she can’t sleep. She does not feel that she is doing as well in her occupation
as a secretary and states that she has trouble remembering things.
She does not go outdoors as much as she used to and cannot recall the
last time she went out with friends or enjoyed a social gathering. She
feels tired most of the week and states she feels that she wants to go to
sleep and frequently does not want to get out of bed. She denies any
recent medication, illicit drug, or alcohol use. She feels intense guilt
regarding past failed relationships because she perceives them as faults.
She states she has never thought of suicide, but has begun to feel increasingly
worthless.
Her vital signs and general physical examination are normal, although
she becomes tearful while talking. Her mental status examination is significant
for depressed mood, psychomotor retardation, and difficulty attending
to questions. Laboratory studies reveal a normal metabolic panel, normal
complete blood count, and normal thyroid functions.
➤ What is the most likely diagnosis?
➤ What is your next step?
➤ What are important considerations and potential complications of management?
Program a stick game in Bash
For assignment 1, you need to write a shell script named �stick� which plays a matchstick-picking game. Given an initial number of sticks, players take turns picking either 1, 2 or 3 sticks from a pile. Whoever picks the last stick wins.
Usage
You run stick without any command line arguments, i.e.
stick
The game should greet the user, and then ask how many sticks to play with (must be an integer ≥ 10), and who should go �rst (c for computer, u for user). An invalid answer should cause the program to re-ask the question (as many times as necessary).
On the user’s turn, ask the user how many sticks to remove, and remove those from the pile. On the computer’s turn, calculate the correct number of sticks to remove in order to ensure you will (hopefully) win the game.
Play continues until there are no sticks left, at which point your program announces who won. You must show the set of sticks after each player’s move. Show this as a set of pipes (�|�) side by side, followed by the number of sticks in (parenthesis), for example:
||||||| (7)
Illegal Moves
When the user is asked how many sticks to take, they must enter 1, 2 or 3. If their entry is illegal (anything other than 1 2 or 3), remind them of their options, and ask once more. If they enter another illegal number, announce that they have forfeited the game, and terminate the program. If the user entered a valid number the second try, gameplay continues (in this case, if later the user again enters an illegal number, you should again given them a second chance).
Algorithm
Your algorithm for picking sticks is simple: given n remaining sticks, pick (n mod 4) sticks, unless (n mod 4)=0; in that case, pick 1 stick.
Other Requirements
• your program must be written as a bash script
• make frequent backups! It’s easy to lose your work; it’s your responsibility to make sure you can recover from this.
• you must comment your script thoroughly, including a block of comments in the beginning describing:
� your name, the course, the date, and the assignment number
� a synopsis in your own words of what the script does
If you don’t include this block of comments, your program will receive a grade of 0.
Submission
You must submit this assignment via GIT. Using the same username you sup- plied in HW 1, create a new repository named PA1 (it must be named PA1 (uppercase P and A, no spaces, etc.)). The download is automated, and it will only look for a repo with the name PA1. Make sure your repo is available by the due date/time.
Team Design and Team Identity
Part 1: Think about how to build teams in terms of designing the task, selecting the people, and then, managing their relationships. How would compose a team for completing a course/work project in terms of the three dimensions listed above. How would you incorporate diversity in designing a team?
Part 2: Discuss team identity. Why do you feel attached to certain groups and teams but not to others?
Physical Security
Scenario
For this assignment, you are the information security manager for the county of Islington. The county just elected a new sheriff. He does not have a keen understanding of what is Physical Security. It is your responsibility as the security manager to brief the sheriff on what is physical security and how it can be used to protect critical technological infrastructures throughout the county.
Please provide a PowerPoint Presentation with no less than 15 informative slides. Further, you will use Zoom to record yourself, giving the presentation, and explaining the slides. You do not have to be in the video. The slides must include pictures and other graphics showing the technological infrastructures in the county as well as supporting the presentation. The presentation should address the following.
- What is physical security?
- What are the levels of physical security?
- Detail all five levels on separate slides
- What is the value of planning as it relates to the levels of physical security?
- What are physical barriers and how they coincide with physical security?
- Explain security or master plan and countermeasures
- Expound on designing security and layout of the site
Requirements
You must have a minimum of 15 slides. This does NOT include your introduction or reference slides. Your presentation should be between 15 to 20 minutes in length. You should have a minimum of 14 DIFFERENT citations with matching a reference list. Please upload your recording (mp4) to your assignment area upon completion. Be sure that your slides show less writing and more graphics; your writing should most be in the speaker notes section of the slides.
Communication and Team Decision Making
Part 1: Sharpening the Team Mind: Communication and Collective Intelligence
A. What are some of the possible biases and points of error that may arise in team communication systems? In addition to those cited in the opening of Chapter 6, what are some other examples of how team communication problems can lead to disaster?
B. Revisit communication failure examples in Exhibit 6-1. Identify the possible causes of communication or decision-making failure in each example, and, drawing on the information presented in the chapter, discuss measures that might have prevented problems from arising within each team’s communication system.
Part 2: Team Decision-Making: Pitfalls and Solutions
A. What are the key symptoms of groupthink? What problems and shortcomings can arise in the decision-making process as a result of groupthink?
B. Do you think that individuals or groups are better decision-makers? Justify your choice. In what situations would individuals be more effective decision-makers than groups, and in what situations would groups be better than individuals?
600 Words
APA
No Plagiarism
Statement Of Purpose On PhD In Business
Submissions should be a maximum of 500 words or 125 words per question/prompt. It is best to respond to each prompt/question individually for clarity of the reviewer.
- What are your research interests in the area of business? Why do you think it is important to research in this area?
- Why did you select to pursue a program at the Westcliff University instead of other institutions?
- As an individual, what are your strengths and weaknesses? How will these impact you as a doctoral business student?
- Where do you see the practice of business heading?
- How can obtaining a doctorate impact your contribution to the practices of business? Where do you see yourself after obtaining a doctorate from Westcliff University?
Discussion:Conflict and Creativity with Teams
Part 1: Conflict within Teams
Think of a conflict that occurred in a team you were a part of and analyze it. What were the main sources of the conflict? What interventions can be used to improve the quality of conflict a team?
Part 2: Creativity in Teams
Evaluate yourself using the three indices of creativity. What strategies can you use to enhance your creativity?
600 Words
APA
No Plagiarism
NETWORKING: A KEY TO SUCCESSFUL TEAMWORK
A. Consider the different teams presented in your reading assignment. How do the teams manage their team boundaries? What are the trade-offs between internal cohesion and external ties within each type of team? Support your discussion with at least two (2) external sources.
B. Consider the list of common roles for team members which of these roles do you think you play in your own team or group? Why?
600 Words
APA
Movie Review: American Gangster, starring Denzel Washington
Students are required to rent the movie American Gangster, starring Denzel Washington, which tells the story of Frank Lucas’ life of drugs, crime, and addiction, to write a reaction paper. Your analysis should discuss the relationships among criminality, drug use, and addiction. Explain why this illegal business model has survived decades of various law enforcement efforts to eradicate.
Students can obtain this resource from Amazon, instant video, Netflix, or VuDu. The paper should be a 5-6 page reaction paper (excluding title and reference pages) about the movie addressing the key points listed below. It must include at least three scholarly references and/or one or two case law citations that would be applicable in this case study.
Address each of the following key points:
- Did Frank Lucas’ childhood in the South and his interactions with the police play a part in his own justification that resulted in his criminal career?
- From an organizational, corporate, and business perspective, why did Frank Lucas break away from the teachings of Bumpy Johnson after his death and what factors influenced his decision to cut out middle man and the other Crime Families?
- Frank decided to employ his family members and other close relatives. What could be Frank’s rationale for doing this, knowing that his closest relatives’ lives would be put at risk? How would the social network analysis model under the criminological approach be useful in explaining this ideal?
- What point or message was Frank attempting to send to his brothers and the community when he left the restaurant and shot the man in the head on the street sidewalk?
- Report ethical and professionalism issues that were violated by some parts of the criminal justice system. What would be your recommendations to correct these ethical concerns?
- Get Homework Help Now!
CONSUMER BEHAVIOR MKTG3142-11 |
Homework 3 (40 points)
Instructions:
- This assignment will contribute up to 20% of your overall grade for homework; answer all the questions as completely and clearly as possible using grammatically correct prose rather than cryptic bullet points.
- Do your own work. You are allowed to collaborate with your fellow students in contemplating the answers; however, what you submit must be your own work in your own words. Any assignments with identical wording will receive ZERO as grade.
- You MUST reference all the sources you consulted in completing this assignment. This means that you should use in-text referencing in your answers and conclude the assignment with a section entitled “List of sources” in which you use the Harvard style to reference all your sources, including the prescribed textbook.
- Use this document to formulate your answers and submit the final version through Blackboard on or before the due date: 30 September 2019 at 11:59pm ET.
The Leaf is a compact, five-door-hatchback, electric car manufactured by Nissan and introduced in Japan and the United States in December 2010, followed by various European countries and Canada in 2011. More than 300,000 Leafs have been sold worldwide through January 2018, making it the world’s all-time best-selling highway-capable electric car. As of December 2017, the United States was the world’s largest market for the Leaf, with almost 114,827 units sold, followed by Japan with 72,500, and Europe with 68,000. As an all-electric car, the Leaf produces no tailpipe pollution or greenhouse-gas emissions when in operation, thereby contributing to reduced dependence on petroleum. Among its many accolades, the Leaf won the 2010 Green Car Vision Award, the 2011 European Car of the Year, the 2011 World Car of the Year, and the 2011–2012 Car of the Year Japan. [Adapted from Wikipedia]
- Eight years into the product lifecycle of the Leaf, you are tasked with developing an advertising campaign to remind the target audience of the Leaf’s virtues. Design an advertisement that would achieve this goal based on high cognitive effort. You may use images harvested from the Internet or draw your own, but any copy (text) must be your own words. Also, discuss the specific theoretical concepts and principles you used in compiling your ad. [10]
- Eight years into the product lifecycle of the Leaf, you have been tasked with developing an advertising campaign to remind the target audience of the Leaf’s virtues. Design an advertisement that would achieve this goal based on high affective effort. You may use images harvested from the Internet or draw your own, but any copy (text) must be your own words. Also, discuss the specific theoretical concepts and principles you used in compiling your ad. [10]
Question 2 [20]
The Old Spice Man Spices Up Brand Marketing
When Isaiah Mustafa appeared in a 2010 Super Bowl commercial
[https://www.youtube.com/watch?v=owGykVbfgUE]
with a towel wrapped around his waist and a bottle of Old Spice body wash in one hand, he kicked off a long-running viral marketing campaign that has rejuvenated the brand’s sales. Mustafa, a former NFL wide receiver, smiled into the camera and addressed women viewers, saying he was “the man your man could smell like” if they used Old Spice. The combination of his wryly funny lines, winning delivery, and buff physique made the commercial an instant YouTube hit. Suddenly, Old Spice, a pre-World War II brand that zoomed to prominence in the 1960s and 1970s, was an overnight social media sensation, with Facebook fans, Twitter comments, and consumer-generated spoof videos stirring up conversation around the world. The Old Spice Man campaign, created by ad agency Wieden & Kennedy for brand owner Procter & Gamble, had successfully added a relevancy and an affective appeal that was attracting and entertaining a younger audience than the brand’s traditional customer base and boosting sales significantly.
As soon as the first Isaiah Mustafa ad went viral, the agency followed up with a second commercial in the same humorous vein, again featuring the bare-chested Old Spice Man. Again, public response was so enthusiastic that the campaign geared up for a new and unprecedented social media blitz. This time, Old Spice invited users of Twitter, Reddit, and Digg – including celebrities and athletes such as Ellen DeGeneres, Demi Moore, and Apolo Ohno – to submit questions for the Old Spice Man to answer. As hundreds of questions poured in, consumers voted for the ones they wanted to see answered. Next, in a marathon three-day studio session, the agency scripted and Mustafa starred in 186 brief YouTube videos responding to individual questioners in typical wry style. When Kevin Rose of Digg.com tweeted that he wasn’t feeling well, the Old Spice Man answered with a “get well” video that Rose immediately mentioned to his more than 1 million Twitter followers.
The concentrated barrage of targeted, personalized tweets and entertaining videos stirred up enormous positive word-of-mouth among consumers. Just as important, Old Spice was the subject of many stories on TV and radio, in the blogosphere, in newspapers and magazines, and seemingly everywhere on the Internet where news commentators posted articles, podcasts, or videos. All the media coverage (for which the brand did not pay) fueled even more consumer interest in Old Spice. Within days of the Old Spice Man’s answer videos appearing online, the brand’s Facebook page collected more than 600,000 “likes” and the online videos were viewed more than 7 million times.
Procter & Gamble supported the social media campaign with discount coupons and other promotional efforts that reinforced brand awareness and offered an incentive to buy and try Old Spice products right away. Old Spice sales quickly skyrocketed, and the brand captured the market-leader position, despite competition from Unilever’s Axe, Beiersdorf’s Nivea, and Henkel’s Right Guard brands.
A year later, Procter & Gamble launched a new chapter in the Old Spice Man story. This time, Fabio – the model and star of many romance novel covers – appeared in online videos challenging Isaiah Mustafa for the title of Old Spice Man. This tongue-in-cheek, “mano-a-mano” competition consisted of 39 back-and-forth videos that drew millions of viewers and tens of thousands of social media comments. Consumers clicked to vote for the Old Spice Man they preferred, and after several days of hectic and humorous exchanges, Mustafa and Fabio appeared in one final video announcing that Mustafa had retained his title. The big winner, of course, was Old Spice, which gained even more brand awareness and enjoyed higher sales. Now Procter & Gamble is taking the Old Spice Man campaign on the road to universities and cities where consumers can try branded products and have their photos taken in poses reminiscent of the original Old Spice Man commercial.
CASE QUESTIONS
- How is Old Spice using evaluative conditioning to influence consumers’ affective attitudes? Explain what evaluative conditioning is and then identify the conditioned stimulus (CS), unconditioned stimulus (UCS), unconditioned response (UCR), and conditioned response (CR) in this situation. [10]
- What role does the dual-mediation hypothesis play in the Old Spice Man’s marketing success? Start your answer by explaining the dual-mediation hypothesis [4]
- What aspects of the communication source are involved in influencing affective attitudes toward Old Spice? [4]
- Do you think consumers will maintain a positive attitude toward Old Spice if the Old Spice Man campaign suspends messages for more than one or two months? Explain your answer. [2]
LIST OF SOURCES
Hoyer, WD, MacInnis, DJ, and Pieters, R. 2018. Consumer Behavior. Seventh edition. Boston, MA: Cengage Learning.
Old Spice Man case study: Hollie Shaw, “Old Spice Guy Beats Fabio in ‘Mano a Mano’ Contest,” Advertising Age, July 28, 2011, www.adage.com; Craig Reiss, “Businesses Can Learn from the Old Spice Man Viral Marketing Campaign,” Entrepreneur, July 18, 2010, www.entrepreneur. com; Gary Vaynerchuk, “Old Spice Man Marketing, Redux,” Fast Company, March 10, 2011, www.fastcompany.com; Jack Neff, “Old Spice Is Killing It on YouTube Again, But Sales Are Down Double-Digits,” Advertising Age, August 4, 2011, www.adage. com; and Sebastian Joseph, “Old Spice Man Tour to Visit a City Near You,” Marketing Week (UK), October 7, 2011, www.marketingweek.co.uk.
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