1. ASHFORD BUS 401 ENTIRE COURSE
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Goals of the Firm and Real Interest Rates. Complete Review Question 1-2
from the end of Chapter 1 and Study Problem 2-2 from the end of Chapter 2 and
post your answers to the discussion board.
Remember to complete all parts of the question and problem, and report the
results of your analysis. Respond to at least two of your classmates’ postings.
Cash Flow and Ratio Analysis. Complete Study Problem 3-2 from the end of
Chapter 3 and Study Problem 4-5 from the end of Chapter 4, and post the
answers to the discussion board. Remember to complete all parts of each
problem and report your analysis. Show the necessary steps and explain how you
got the outcome. Respond to at least two of your classmates’ postings.
Ratio Analysis Review the financial information pertaining to Salco Inc. in Study
Problem 4-10 on pages 113 and 114 of you text. Answer the following questions
in an Excel document. Solve using Excel formulas (preferred) or clearly write out
the steps you took to calculate your answers. Round any dollar amounts to the
nearest dollar ($1,500,074) and any percentages to two decimals (9.56%).
1. Calculate Salco’s total asset turnover, operating profit margin, and operating
return on assets.
2. Salco plans to renovate one of its plants, which will require an added
investment in plant and equipment of $1 million. The firm will maintain its present
debt ratio of .5 when financing the new investment and expects sales to remain
constant. The operating profit margin will rise to 13 percent. What will be the new
operating return on assets for Salco after the plant’s renovation?
3. Given that the plant renovation in part b occurs and Salco’s interest expense
rises by $50,000 per year, what will be the return earned on the common
stockholders’ investment? Compare this rate of return with that earned before the
renovation.
Annuity and Capital Asset Pricing Model. Complete Study Problem 5-6 from
the end of Chapter 5 and Study Problem 6-3 from the end of Chapter 6 and post
your answers to the discussion board. Remember to complete all parts of the
problems and report the results of your analysis. In problem 6-3, be sure to
include your answer to Part b: “Why is it a fair rate?” Do not forget to show the
necessary steps and explain how you attained that outcome. Respond to at least
two of your classmates’ postings.

2. Bonds and Common Stocks. Complete Study Problem 7-10 from the end of
Chapter 7 and Study Problem 8-16 from the end of Chapter 8 and post your
answers to the discussion board. Remember to complete all parts of the problems
and report the results of your analysis. Since the values will be less than $10,000,
show the values rounded to the penny. Show all percentages to two decimal
places as percentages. Do not forget to show the necessary steps and explain
how your attained that outcome. Respond to at least two of your classmates’
postings.
Alternative Investments. Review the financial information in the Chapter 8 Mini
Case on page 232 of your text. Answer the following questions in an Excel
document. Solve using Excel formulas (preferred) or clearly write out the steps
you took to calculate your answers. Round any dollar amounts to the nearest
dollar ($1,500,074) and any percentages to two decimals (9.56%).
1. Calculate the value of each investment based on your required rate of return.
2. Which investment would you select? Why?
3. Assume Emerson Electric’s managers expect an earnings downturn and a
resulting decrease in growth of 3 percent. How does this affect your answers to
parts A and B?
4. What required rates of return would make you indifferent to all three options?
Cost of Debt. From the end of Chapter 9, complete Study Problem 9-9 and post
the answers to the discussion board. Remember to complete all parts of the
problems and report the results of your analysis. Do not forget to show the
necessary steps and explain how your attained that outcome. Respond to at least
two of your classmates’ postings
NPV, PI, IRR, and Free Cash Flows. Complete Study Problem 10-4 from the
end of Chapter 10 and Study Problem 11-4 from the end of Chapter 11 and post
your answers to the discussion board. Remember to complete all parts of the
problems and report the results of your analysis. Do not forget to show the
necessary steps and explain how your attained that outcome. Respond to at least
two of your classmates’ postings.
Weighted Average Cost. Review the financial information in the Chapter 9 Mini
Case on pages 260 and 261 of you text. Answer the following questions in an
Excel document. Solve using Excel formulas (preferred) or clearly write out the
steps you took to calculate your answers. Round any dollar amounts to the
nearest dollar ($1,500,074) and any percentages to two decimals (9.56%).
1) Market prices are $1,035 for bonds, $19 for preferred stock, and $35 for
common stock. There will be sufficient internal common equity funding (i.e.,

3. retained earnings) available such that the firm does not plan to issue new
common stock. Calculate the firm’s weighted average cost of capital.
2. In part a we assumed that Nealon would have sufficient retained earnings such
that it would not need to sell additional common stock to finance its new
investments. Consider the situation now, when Nealon’s retained earnings
anticipated for the coming year are expected to fall short of the equity
requirement of 47 percent of new capital raised. Consequently, the firm foresees
the possibility that new common shares will have to be issued. To facilitate the
sale of shares, Nealon’s investment banker has advised management that they
should expect a price discount of approximately 7 percent, or $2.45 per share.
Under these terms, the new shares should provide net proceeds of about $32.55.
What is Nealon’s cost of equity capital when new shares are sold, and what is the
weighted average cost of the added funds involved in the issuance of new
shares?
Leverage. From the end of Chapter 12, complete Study Problems 12-1 and 12-5.
Post the answers to the discussion board. Remember to complete all parts of the
problems and report the results of your analysis. Do not forget to show the
necessary steps and explain how your attained that outcome. Respond to at least
two of your classmates’ postings
Dividend Policies. From the end of Chapter 13, complete Study Problems 13-1
and 13-2 and post the answers to the discussion board. Remember to complete
all parts of the problem and report the results of your analysis. Do not forget to
show the necessary steps and explain how you attained that outcome. Respond
to at least two of your classmates’ postings.
Flotation Costs and Issue Size. Answer the following questions in an Excel
document. Solve using Excel formulas (preferred) or clearly write out the steps
you took to calculate your answers. Round any dollar amounts to the nearest
dollar ($1,500,074) and any percentages to two decimals (9.56%).
Study Problem 13-5: D. Butler Inc. needs to raise $14 million. Assuming that the
market price of the firm’s stock is $95, and flotation costs are 10 percent of the
market price, how many shares would have to be issued? What is the dollar size
of the issue?
Financial Forecasting. Complete Study Problem 14-4 from the end of Chapter
14 and Study Problem 15-8 from the end of Chapter 15 and post your answers to
the discussion board. Remember to complete all parts of the problems and report
the results of your analysis. Do not forget to show the necessary steps and
explain how your attained that outcome. Respondtoatleasttwoofyourclassmates’
postings.
Interest Rate Risk and Ratio Analysis. From the end of Chapter 16, complete
Study Problems 16-9 and 16-13 and post your answers to the discussion board.

4. Remember to complete all parts of the problems and report the results of your
analysis. Do not forget to show the necessary steps and explain how your
attained that outcome. You must respond to at least two of your classmates’
postings.
Focus of the Final Project
Read the Mini Case from the end of Chapter 11 about Caledonia Products and
thoroughly respond to Parts A to N at the end of the case as a concise
management statement. Round any dollar amounts to the nearest dollar
($1,500,074) and any percentages to two decimals (9.56%).
Your Paper Must:
1. Answer all of the questions of the Mini Case in the form of a management
statement. Do not simply list the questions and answers.
2. Explain the reasoning behind your answers and support your answers with
examples from the text and other research.
3. Include both a Word document for your written answers and an Excel
document for your calculated solutions.
4. For questions requiring calculations, use formulas in Excel to calculate your
solution.
Guidelines for Writing the Final Paper
Word document must be four to six (4-6) double-spaced pages in length,
exclusive of Appendix, References, Exhibits, etc.
Formatted according to APA style as outlined in the approved APA style guide
(including title page, in text citations and reference list).
Must include an introductory paragraph with a succinct thesis statement.
Must address the topic of the paper with critical thought.
Must conclude with a restatement of the thesis and a conclusion paragraph.
Must use at least two scholarly sources, one of which may be the textbook.