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Finance homework help


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Finance homework help

  1. 1. Finance homework help buy here php Immediate access to solutions for ENTIRE COURSES, FINAL EXAMS and HOMEWORKS “RATED A+" - Without Registration!
  2. 2. Finance Finance question 1 - $8 Corporate governance has become increasingly important over the years. The Sarbanes-Oxley (SOX) Act was enacted to improve transparency in financial accounting and to prevent fraud. Which of the following is correct? fraud has not occurred since enactment of SOX SOX has not increased auditing costs government agencies are not required to comply withSOX SOX requires companies to have a strong board ofdirectors none of the above to view the entire page, click here Wine Depot Cash Budget2010201120122013 Operating activities Operating cash receipts Product sales revenue Collections in the year of sale Collections in the year following sale Operating cash receipts Operating cash payments Purchases Cost of - $8 Wine Depot Cash Budget 2010 2011 2012 2013 Operating activities Operating cash receipts Product sales revenue Collections in the year of sale Collections in the year following sale Operating cash receipts Operating cash payments Purchases Cost of expected sales Required ending inventory Beginning inventory Purchases Payments in the year of purchase Payments in the year following purchase Cash payments for purchases Expenses Advertising expense Marketing expense Interest expense Salaries expense Wages expense Supplies expense Utilities expense Expenses Operating cash payments Cash from (to) operating activities Investing activities Facility purchases Equipment sales Cash from (to) investing activities Financing activities Loan proceeds Loan payments Cash from (to) financing activities Change in cash Beginning cash Ending cash Assumptions to view the entire page, click here Chapter 2 .Wine Depot - $7 Inventory List Location Type Winery Price Size Vintage SKU American Chardonnay Babcock 24 750 2001 17521 American Chardonnay Melville 20 750 2001 16716 American Chardonnay Neyers 30 750 2001 16528 American Chardonnay Talbot 61 750 1999 16739 American Cabernet Sauvignon Beringer 120 750 1989 15347... to view the entire page, click here Question 8 options - $3 1.The audit program contains procedures intended to: 2. The auditor must obtain sufficient, competent evidential matter to support his opinion. Competent means: 3. The auditor is evaluating whether the client consistently uses prenumbered sales
  3. 3. invoices. This is an example of: 4. The auditor obtains a bank statement from the client s bank to obtain evidence about the client s cash balances. This evidence is regarded as competent because it s 5. Which of the following characteristics or actions is not necessary for evidence to be useful to the auditor? to view the entire page, click here Day Corp - $4 On January 1, 2015, Day Corp. entered into a 10-year lease agreement with Ward, Inc. for industrial equipment. Annual lease payments of $10,000 are payable at the end of each year. Day knows that the lessor expects a 10 percent return on the lease. Day has a 12 percent incremental borrowing rate. The equipment is expected to have an estimated useful life of 10 years. In addition, a third party has guaranteed to pay Ward a residual value of $5,000 at the end of the lease. The present value of an ordinary annuity of $1 at 12% for 10 years is 5.6502 10% for 10 years is 6.1446 The present value of $1 at 12% for 10 years is 0.3220 10% for 10 years is 0.3855 On Day's October 31, 2015, balance sheet, the principal amount of the lease obligation was $61,446. $58,112. $56,502. $63,374. to view the entire page, click here True or False - $10 1) The important thing to know about production or operations is that the terms refer to any process that takes basic resources and transforms them into finished products. ( ) 2) Three things you can do to transform your own work such that you become more efficient are to reduce procrastination, increase multitasking, and increase the use of checklists.( ) 3) Opeations management works in exactly the same way for manufacturing and for services.( ) 4) Transformation processes add value to factors of production to produce goods or services.( ) 5) Form utility is the value that people add in converting resources, including natural resources, capital, human resources, entrepreneurship, and knowledge, into finished products.( ) to view the entire page, click here Paper for BUL - $8 I. Connecticut State Legislation for Whistleblowers A. Why is Connecticut a Safe Haven for Whistleblowers B. Connecticut State Legislation Support for Whistleblowers 1. Specifics around Connecticut s whistleblower law (CGS 4-61dd) C. Preliminary Motions in Trusz v. UBS Realty Investors LLC 1. Specific rulings in Document 97 to view the entire page, click here
  4. 4. Marijuana laws to be relaxed - $4 Write a minimum 350-500-word response, in essay format, to the following questions: Objectively summarize the view of each writer. Be sure to state the writers names. Only summarize each writer s view-do not include your own views or opinions about the topic or about the writers views. How did each writer address arguments and counter-arguments? How effective were the arguments presented by each writer? What new information or insight into your topic did you gain? How does understanding the views of others help shape your own views? to view the entire page, click here FINC 6301 Assignment 1: Chapters 5 & 6 Team Assignment - $11 The objectives of this assignment are for you to Model and consider risk and return in the context of modern portfolio and capital market theory and practice and Understand how to approach and solve financial problems (Syllabus, 2008). You will also work in teams to complete this project, so before you begin, you should download the Peer Evaluation Workbook (2008) to understand how you will grade your peers and vice versa. Work problems 5-16 and 5-17 on pp. 187-189 of Corporate Finance (Smart, Megginson & Gitman, 2010, 3dedn). Refer to Chapter 6 and class discussion as needed to understand beta. Do all of the work for this assignment within one Excel workbook per team. Make it very clear where your answers are. DO NOT put everything in one worksheet within the workbook, but instead organize you work so that I can find your answers and check your inputs easily. Present your work in a manner befitting your effort, that is, make it right but also make it easy for me to find what I need to find to check your work.5-16 ... to view the entire page, click here Finance work question .CORPORATE BOND ANALYSIS - $11 CORPORATE BOND ANALYSIS Assignment No. 1 - Fall 2014 A. GENERAL BOND AND INVESTOR INFORMATION 1. 3M and Fixed Rt, Ser F 1 3/8s 2016 a. 3M is a technology company. Co. s segments are: Industrial, providing tapes, a range of coated, non-woven and bonded abrasives, and adhesives among others; Safety and Graphics, providing personal protection products; and traffic safety and security products among others; Electronics and Energy, providing LCD computer monitors, LCD televisions, and automotive displays among others; Health Care, providing medical and surgical supplies, skin health and infection prevention products, and food safety products among others; and Consumer, providing office supply products, stationery products, and home care products among others. b. Fixed Rate, Series F
  5. 5. 1.375 bond is a bond issued by 3M in late 2011 to raise 1 billion dollars. This bond has a fixed rate of 1.375% and the coupon is paid semi-annually. This bond is not convertible or callable. It s maturity date is September 29th, 2016. This bond is rated by Moody s as Aa2 and by Standard and Poor s as AA-. to view the entire page, click here FCF, Total Firm Value, Value of common equity and Intrinsic value per share solutions - $4 FCF, Total Firm Value, Value of common equity and Intrinsic value per share solutions to view the entire page, click here Finance questions 2 - $8 1. Calculate the monthly mortgage payment of principal and interest for the a loan with an initial balance of 150,000, an annual stated interest rate of 6%, and 30 years to maturity. Use Excel to develop this response and present your result within a separate page of the spreadsheet. 2. Develop the amortization table for the loan outlined in problem 1. Use an Excel spreadsheet to develop and present this table. Present this result in a separate page of the spreadsheet. 3. Further, given the structure of problem 1, develop a summary table showing how the monthly payment would adjust for all options with an interest rate at 5%, 6% and 7% as well as a maturity at 15 years, 20 years and 30 years. Use Excel to develop and present this summary table. Present the results in a separate page of the spreadsheet. 4. Assume that you want to retire in 30 years. You intend to invest $200 per month into a mutual fund that you expect to return 12% per year (1% monthly). If you continue making these monthly investments for 30 years, what amount of money will you have at the end of the 30th year? Use Excel to develop and present this result. Present the result in a separate page of the spreadsheet. 5. Given problem number 4, please develop a summary table showing the accumulation for all options with an assumed return of 10%, 11%, 12%, 13% and 14% as well as an investment of $150, $200 and $250. Use Excel to develop and present this summary table. Present the result in a separate page of the spreadsheet. to view the entire page, click here Finance questions 3 - $8 Part I: Sensitivity of PV with respect to r and t Find the present value (PV) of $25,000 (= FV) at a discount rate (r or I) of 0%, 1%, 2%,50%. That is, vary your discount rate between 0 and 50% in jumps of 1% (51 total answers). Assume a time t of 10 years. Present your analysis in a table. Make a graph of your table (relationship
  6. 6. between discount rate and present values). Explain what the graph tells in a textbox below the graph. Is this relationship linear? How does PV change when r changes? Do the same for the relationship between PV and time t. Find the present value of $25,000 at a discount rate of 10% assuming that this future value of $25,000 is lying 0 year in future, 1 year ahead (in future), 2 years, ... , 50 years. That is find the PV of $25,000 at 10% r, changing t from 0 to 50 (51 answers)... to view the entire page, click here Loan Amortization - $4 Can you please show me how to do this in ms Excel. Find the payment you would need to make per year at a discount rate (interest rate that the bank charges you) from 0% to 50% (51 answers), if you borrow $5,000,000 ($5 million) today (PV) and pay it back in equal amounts over the next 30 years. Make a table and graph of your answers. to view the entire page, click here Lion lighting, Inc. - $4 Lion lighting, Inc. is considering a new light bulb manufacturing machine that would cost $100,000 to buy and an additional $5000 to install. Lion lighting would have to maintain a parts inventory as net working capital during the life of the machine that would be sold at the end of the machine s life. The machine would be depreciated to $15000 over its 3-year life and then sold for $45000. The machine is expected to save $35000, $45000 and $55000 in year 1,2and 3, respectively. If lion lighting has a 30% marginal tax rate, what are the initial cash flow and each year s cash flow from the project? to view the entire page, click here Sherman Act - $8 Summarize the following acts: sections 1 and 2 of the Sherman Act; the Clayton Act and the relationship to mergers; and the Robinson-Patman Act on price discrimination. What are franchise agreements? What are merger guidelines and why should we follow them? What is the difference between vertical and horizontal mergers? What are the 3 primary areas of consumer protection law and the agencies that administer them? What is the role of consumer law protection in business? to view the entire page, click here Managing country risks - $5 Ground Rules: 1. When you refer to material from the course or text, note your
  7. 7. reference in the short form, example: (Mann, 1998). 2. APA In-text Citation and Referencing is a must 3. The answers should be no more than 3 pages, double-spaced with 1-inch margins and 12-point font. 4. Answer all the question. Cultural Question: a. Using the Social Benchmarks in Mann s Social Process Triangle (SPT) (Borderless Business, P. 177), compare them in India to the same benchmarks in the U.S.A. (Use only benchmarks # 1, 2, & 3). (For example: How is the work force mindset different in Brazil from that in the U.S.A.? The benchmarks are 1. Fundamental Beliefs: values, symbols, and expression of social identity 2. Social relationships: e.g., family generations, peers, interest groups and communities 3. Work force mindset: attitudes, practices and methods for acting, learning, and transmitting knowledge. b. Describe India s culture in terms of three of Trompenaars categories: 1) Relationships vs. Rules; 2) Individualism vs. Communitarianism; 3) Status as Achieved vs. Status as Ascribed. Indicate ways the Coca-Cola Company in India may need to modify its way of operating to accommodate this culture. to view the entire page, click here Evaluation - $4 For a product category of your choice, search in news media and on-line data sources to generate a market evaluation for an Asian or Latin American country (your choice again), in the new global financial situation. to view the entire page, click here GM - $4 Emerging from bankruptcy GM s commitment to smaller more fuel efficient cars has resulted in a move from a GM corporation to a smaller GM company, selling off and phasing out brands and changing logos are steps toward a new GM. With the Obama administration s desire for a complete ocerhaul of GM s structure, the U.S. Treasury became the company s biggest stockholder. While American tax payers had a greater than 40% ownership in the new company. New management teams representing stability and design appear to set the stage for a match point. 1.Is GMs organizational structure aligned with its strategies? If so why? If not, what is needed? 2. What organizational controls do you think were lacking in the old GM? What organizational controls are needed at the new GM? 3. What specific strategic controls do you believe are key to GM s future success? 4. Recognizing GM s current state, how do you see the new GM strategy and structure relationship? How do you see it evolving? to view the entire page, click here
  8. 8. Finance homework help - $4 Create a matrix in which you describe characteristics of fixed income and common stock securities. Write a 500-word summary to accompany your matrix explaining the significance of understanding the differences between fixed income and common stock securities in terms of providing sound financial management for a corporation. While APA format is not required for the body of this assignment, solid academic writing is expected and in-text citations and references should be presented using APA documentation guidelines, which can be found in the APA Style Guide, located in the Student Success Center. to view the entire page, click here Insurance - $4 Please read the questions carefully before writing your responses. There is no model or unique answer to the discussion questions. The questions require brief, considered, responses. A premium will be placed on cogent, well-reasoned responses. Grades will be based on: Structure and coherence (i.e. the answer should flow as a narrative), Analytical strength (e.g. the extent to which you draw upon theoretical paradigms discussed in the course), Illustrations with examples, The synthesis of different viewpoints, Originality (including reasoning and structuring of your responses) and Professionalism (i.e. the extent to which you follow rules of writing papers, e.g. referencing, formatting, editing for grammatical and other errors). For each answer you should cite at least four references. Marks will be deducted for those not following these rules and following the suggested word limit. Please make sure you cite every reference you use in your answer. The reference should be cited in the main body of the text as well as in the list of references at the end of the answer. to view the entire page, click here Financial Markets - $4 I need help with my Strayer Finance 100 Class Assignment: 1. Briefly describe one (1) way the U.S. financial markets impact the economy, one (1) way the U.S. financial markets impact businesses, and one (1) way the U.S. financial markets impact individuals. 2. Briefly explain the primary roles of the U.S. Federal Reserve, the Federal Reserve Chairman, and the Federal Reserve Board. Indicate each party s effectiveness in today s economic environment. Provide support for your explanation. 3. Briefly explain two (2) ways interest rates influence the U.S. and global financial environment. Provide at least one (1) example of such influence for both the U.S. financial environment and one (1) example for the global financial environment. to view the entire page, click here
  9. 9. RISK TOLERANCE AND ALLOCATION FOR INVESTORS NEARING RETIREMENT - $4 Unit 2 Article Summary: Write a review of the article Risk Tolerance and Asset Allocation for Investors Nearing Retirement by Govind Hariharan, Kenneth S. Chapman, Dale L. Domian, Financial Services Review 9 (2000) 159-170. The article is located in the KU Online Library. 2%20A3.pdf In your own words explain and critique, using finance theory, the key points that the authors are trying to communicate. Your review should be two to three pages, not counting the title or reference pages to view the entire page, click here Finance Homework - $4 Problem 03-02. The Road King Tire Company in Birmingham wants to monitor the quality of the tires it manufactures. Each day the company quality-control manager takes a sample of 100 tires, tests them, and determines the number of defective tires. The results of 20 samples have been recorded as follows: Construct a -chart for this process using limits and describe the variation in the process... to view the entire page, click here Dropbox Questions - $5 Background Information In this assignment you will complete problems using Excel and the analysis tools in capital budgeting. The methods that will be completed are net present value (NPV), payback and discounted payback, average accounting return (ARR), internal rate of return (IRR) and modified internal rate of return (MIRR), and profitability index (PI). In most of your calculations, you will apply concepts learned in the time value of money. These calculations will provide a basis for determining whether to accept or reject a project. to view the entire page, click here True or False - $10 True or False: Please indicate whether each statement is true or false. (2 points per question) 1. The primary function of the capital budget is to forecast the funds required for future investments that must be raised through external funding, that is, by selling stock or bonds. 2. When considering two mutually exclusive projects, the financial manager should always select that project whose internal rate of return is the highest provided the projects have the same initial cost... to view the entire page, click here
  10. 10. Week 3 Quiz - $4 1) What is the main disadvantage of using only a debit card? 2) When selecting and using a debit card, you should avoid 3) Which of the following is not an effective way to think about money? 4) The smartest way to build an emergency fund is to 5) How much money should you have in your emergency savings account? 6) The best place for your emergency savings fund is 7) How do you make sure the money you deposit at a bank or credit union is 100% safe-that you are guaranteed to get every penny back no matter what? 8) What is the maximum dollar amount the Federal Deposit Insurance Corp. (FDIC) ensures in a single account? 9) If the money you have coming in each month (your take-home pay) is less than the money going out each month to pay the bills, you should 10) To intelligently reduce your spending over the long term to view the entire page, click here Jim Sellers - $7 Jim Sellers is thinking about producing a new type of electric razor for men. If the market were favorable, he would get a return of $100,000, but if the market for this new type of razor were unfavorable, he would lose $60,000. Since Ron Bush is a good friend of Jim Sellers, Jim is considering the possibility of using Bush Marketing Research to gather additional information about the market for the razor. Ron has suggested that Jim either use a survey or a pilot study to test the market. The survey would be a sophisticated questionnaire administered to a test market. It will cost $5,000. Another alternative is to run a pilot study. This would involve producing a limited number of the new razors and trying to sell them in two cities that are typical of American cities. The pilot study is more accurate but is also more expensive. It will cost $20,000. Ron Bush has suggested that it would a good idea for Jim to conduct either the survey or the pilot before Jim makes the decision concerning whether to produce the new razor. But Jim is not sure if the value of the survey or the pilot is worth the cost. to view the entire page, click here Randolph - $4 Please read Ethics & Equity When is a Dairy Farm a Trade or Business on pg 6-17. Is the position by Randolph defensible? Review the 9 factors considered to help determine whether an operation should be considered a business or hobby. See in the same page the general rules. You should also do some outside research on the subject, include in your own words and cite your sources. Write a detailed memo to Randolph with your research findings to properly advise him on this matter.
  11. 11. to view the entire page, click here GARFIELD COMPANY - $4 GARFIELD COMPANY BALANCE SHEET AS OF JULY 31, 2012 Cash $ 71,970 Notes payable 47,590 Accounts receivable (net) 44,090 Long-term liabilities 77,970 Inventory 62,970 Stockholders equity 158,470 Equipment (net) 84,000 $284,030 Patents 21,000 $284,030 to view the entire page, click here Management - $4 1. Effectively changing strategies is often one of the most difficult tasks of management. Why do you think this is the case? 2. How does the articulation of strategic intent affect the strategic planning and management process? Could organizations be just as effective without clear statements of strategic intent? 3. What key environmental changes do you think will increasingly force managers to be proficient at conducting environmental analyses? 4. Are there industries that will be more immune to changes in the global environment d as a consequence will be influenced primarily by their domestic external environment? Name at least two and explain why. 5. What are the most difficult environmental analysis skills to develop? What are some possible means of ensuring that you have these valuable skills? 6. Debate the following statement: Computers and news media have made international environment analysis simpler. 7. Pick a country and go to the library or the Internet to find some information about its resources, government, political and legal systems, and physical nfrastructure. What type of business would do well in that country? Why? to view the entire page, click here Implementing a balanced scorecard in a not for profit organization - $4 Please write an Argumentative essay, should be 3 to 4 pages in length. After reading the attached article, complete an argumentative essay around this thesis statement: Cattaraugus County ReHabilitation Center did an effective job of implementing a balanced scorecard approach in a fashion that reflects their organizational mission and vision. to view the entire page, click here Balanced scorecard - $4 1st Question; in reference to Financial Perspective you have: Financial perspective, Customer perspective, Process prospective and Innovation prospective. Please
  12. 12. provide an example of a company that has placed disproportionate emphasis on the financial perspective at the expense of the other three. (include 1 reference) 2nd Question: Are there any companies that you can think who don t have relevant customers to take into consideration? How are they different from other organization where all parts of the BSC operate equally? (include 1 reference) to view the entire page, click here Fed - $6 1. (15 pts.) Suppose the Fed wants to raise the nominal interest rate. Explain the three available mechanisms the Fed can use to achieve this goal. In your answer, use a graph of the money market to show how the Fed s action translates into a higher nominal interest rate. 2. (10 pts.) a. (6 pts.) Explain the difference between the three Fed discount window programs. b. (4 pts.) Why does the Fed set the discount rate above the Fed Funds rate? to view the entire page, click here The U.S. Banking Panic of 1933 and Federal Deposit Insurance - $10 1. In 1929 there were more than 25,000 commercial banks in the U.S. Today there are still approximately 7000 banks. In most other countries there are just a handful of major banks -f often 4 to 8 institutions dominate the market place. What explains the vastly different character of the banking system in the U.S. from that of other countries? Similarly, most other countries have not in the past provided government sponsored deposit insurance, though some have put it in place as part of their response to the credit crisis. Does the unique structure of the U.S. banking system indicate a greater need for such insurance? to view the entire page, click here SECURITIES - $4 1. Explain the role of the role of the sec, the NASD, and the stock exchanges in regulating the securities industry. 2. How do securities firms facilitate leverage buyouts? Why are securities firms that are better to raise funds in the capital markets preferred by corporations that need advise on proposal accusations? 3. Describe the organization process for corporations that are about to issue new stock. 4. Describe the underwriting functions of a security firm. 5. Why did the Leham Brothers experience financial problems during the credit crisis? to view the entire page, click here Finance questions 4 - $8
  13. 13. 8. Explain how the Financial Reform Act of 2010 applies to hedge funds 9. Explain how the income generated by a mutual fund is taxed when the fund distributes at least 90% of its taxable income to shareholders? 10. According to research , have mutual funds outperformed the market? Explain. Would mutual funds be attractive to some investors even if they are not expected to outperform the market? 11. Explain the relative risk of the various types of securities in which a money market fund may invest. 12. If the value of a money market fund or a bond fund more susceptible to rising interest rates? Explain. to view the entire page, click here 7 questions - $4 1. Explain why mutual funds are attractive to small investors? How can mutual funds generate returns to their shareholders? 2. Why do open end mutual funds differ from closed end funds? 3. Explain the difference between load and no load mutual funds? 4. Like mutual funds commercial banks and stock owned saving institutions sell shares, but the proceeds received by mutual funds are used in different ways. Explain. 5. Support or refute the following statement. Investors can avoid all types of risk by purchasing a mutual fund that contains only treasury bonds? 6. Describe the ideal mutual for investors who wish to generate tax free income and maintain a low degree of interest rate risk. 7. Explain how changing foreign currency values can affect the performance of international mutual funds. to view the entire page, click here Supply - $4 Operations Project In this assignment, you will choose an organization to profile. Conduct an investigation to characterize and analyze the organization s supply chain. Pay close attention to the link to the organization s strategy, its structure, and current performance of the supply chain, and the patterns of change over time. Final Report You will submit a write?up 3-5 pages that describes the supply chain, analyzes performance, identifies the key issues, compares the supply chain to others in the same or other industries, and recommends strategic considerations or tactics for improvement. Report must be neat, clean, and simple. The more detail and concise your report, the better your grade will be. Do not exceed 5 pages and do not fall under 3 pages. to view the entire page, click here Differences between managing an international company and managing a domestic company - $4 What are the differences between managing an international company and managing
  14. 14. a domestic company?What functions of management are different in an international company as compared to a company in the US?What function of management is the most important? to view the entire page, click here Southwest Airlines - $7 As a low-fare airline, Southwest Airlines constantly focuses on ways to improve the ef?ciency of its operations and maintain a cost structure below that of its competition. In the spring of 2002, Scott Topping, the director of corporate, was approached by Aviation Partners Boeing (APB) regarding an innovative way to save on fuel costs the installationof a new technology known as the Blended Winglet.The winglets, made of carbon-graphite, were designed for the Boeing 737-700 aircraft. Southwest currently had 142 planes of this model in its ?eet.The Blended Winglet system was developed by APB, a joint venture between Aviation Partners Inc. and The Boeing Company. to view the entire page, click here Tombstones. HBS 5-213-085 - $7 1. MSFT Notes: a. Why is MSFT raising money? b. Is this paper really cheap? What is YTM for each issue? c. Why YTM differs from coupon rate? What should we compare YTM with? d. Why did MSFT issue four papers instead of one? e. Do you expect that those notes will be called or redeemed? 2. Coca Cola Enterprise Notes: a. What is YTM for CCE issue? b. What are the differences w.r.t. MSFT note above? c. What is default risk for CCE note? d. Why is CCE raising funds?.. to view the entire page, click here 4 questions - $4 1) Anderson Systems is considering a project that has the following cash flow and WACC data. (a) What is the project s NPV? Note that if a project s expected NPV is negative, it should be rejected.WACC: 9.00%Year 0 1 2 3 Cash flows -$1,000 $500 $500 $500 (b) What is the project s IRR? (c) What is the project s Payback Period? (d) What is the project s Discounted Payback Period? 2) Tuttle Enterprises is considering a project that has the following cash flow and WACC data. (a) What is the project s NPV? Note that if a project s expected NPV is negative, it should be rejected.WACC: 11.00%Year 0 1 2 3 4 Cash flows -$1,000 $350 $350 $350 $350 (b) What is the project s IRR? (c) What is the project s Payback Period? (d) What is the project s Discounted Payback Period? 3) XYZ Inc. has the following data: rRF = 4.00%; RPM = 5.50%; and b = 0.95. What is the firm s cost of common equity? 4)
  15. 15. ABC Co. s perpetual preferred stock sells for $97.50 per share, and it pays an $8.50 annual dividend. Now the company were to sell a new preferred issue, with a flotation cost of 5.00% of the price paid by investors. What is the company s cost of preferred stock for use in calculating the WACC? to view the entire page, click here Calculations - $4 Calculate a table of interest rates for 5 years based on the following information: The pure interest rate is 2%. Inflation expectations for year 1 = 3%, year 2 =4%, years 3-5 =5%. The default risk is .1% for year one and increases by .1% over each year. Liquidity premium is 0 for year 1 and increases by .2% each year. Maturity risk premium is 0 for years 1 and 2 and .3% for years 3-5. to view the entire page, click here Financial Ratios.TEXTBOOK ASSIGNMENT 1 FINANCIAL STATEMENT ANALYSIS VERSION A Module/Week 1 (Ch. 3) Table 3-1 - $4 Faith Company Balance Sheet Assets Cash and marketable securities $600,000 Accounts receivable 900,000 Inventories 1,500,000 Prepaid expense 75,000 Total current assets $3,075,000 Fixed assets 8,000,000 Less: accum depreciation -2,075,000 Net fixed assets $5,925,000 Total assets $9,000,000 Liabilities Account payable $800,000 Notes payable 700,000 Accrued taxes 50,000 Total current liabilities $1,550,000 Long-term debt 2,500,000 Owner s equity (1 million shares of common stock outstanding) 4,950,000 Total liabilities and owner s equity $9,000,000... to view the entire page, click here Finance Question.TCO D - $5 5. (TCO D) Which is the standard deviation of the returns on the index from 2000 to 2009 closest to? Year End Index Realized Return (R - R)(R - R)2 2000 23.6% 14.78%0.0218448 2001 24.7%15.88%0.0252174 2002 30.5% 21.68% 0.0470022 2003 9.0% 0.18% 3.24E-06 2004 -2.0% -10.82% 0.0117072 2005 -17.3% -26.12%0.0682254 2006 -24.3% -33.12% 0.1096934 2007 32.2% 23.38% 0.0546624 2008 4.4% -4.42% 0.0019536 2009 7.4% -1.42% 0.0002016 A) 19.5% B) 20.5% C) 3.8% D) 8.8% to view the entire page, click here Finance Questions 5 - $8 1)The Baker s Dozen has current liabilities of $5,600, net working capital of $2,100,
  16. 16. inventory of $3,900, and sales of $13,500. What is the quick ratio? Assume pre-paid expenses are zero. 2)ABC s balance sheet indicates a book value of shareholders equity of $836,775. The firm s earning per share are $3.6 and the price-earnings ratio is 11.05. If there are 59,171 shares outstanding, what is the market-to-book ratio? 3)If the Debt/Equity Ratio is 0.60. What is the Debt Ratio? 4)Top Sound, Inc., has total assets of $212,000, a debt-equity ratio of .6, and net income of $9,500. What is the return on equity?.. to view the entire page, click here McDaniel Mining Company - $7 At the time it defaulted on its interest payments and filed for bankruptcy, the McDaniel Mining Company had the following balance sheet (in thousands of dollars). The court, after trying unsuccessfully to reorganize the firm, decided that the only recourse was liquidation under Chapter 7. Sale of the fixed assets, which were pledged as collateral to the mortgage bondholders, brought in $400,000, while the current assets were sold for another $200,000. Thus, the total proceeds from the liquidation sales were $600,000. Trustee s costs amounted to $50,000; no single worker was due more than $2,000 in wages; and there were no unfunded pension plan liabilities. (see attachment) to view the entire page, click here Financial Questions 6 - $8 1)ABC recently reported $42,198 of sales, $13,908of operating costs other than depreciation, and $5,423 of depreciation. The company had no amortization charges and no non-operating income. It had $8,000 of bonds outstanding that carry a 10% interest rate. How much was the firm s taxable income, or earnings before taxes (EBT)? Hint: Interest rate = Bonds outstanding * interest rate 2)During 2007, ABC had sales of $67,381. Cost of goods sold, administrative expenses and selling expenses, and depreciation expenses were $27,193, $4,346, and $9,541, respectively. In addition, the company had an interest expense of $4,439, and a tax rate of 33%. The company paid$7,528 as dividends. If the retained earnings is 2006 were $51,649, what are the retained earnings in 2007? 3)An investor recently purchased a corporate bond that yields 9.3%. The investor is in the 31% combined federal and state tax bracket. What is the bond s after-tax yield? 4)ABC company had a taxable income of $187,859 from operations after all operating costs but before interest charges of $59,616, dividends received of $74,677, dividends paid of $5,000, and income taxes. What is the firm s income tax liability? Hint: use the tax table to compute taxes. to view the entire page, click here
  17. 17. Farris Co - $5 (TCO 7) Farris Co. s projected sales are as follows. August $240,000 September $270,000 October $330,000 Farris estimates that it will collect 30% in the month of sale, 50% in the month after the sale, and 18% in the second month following the sale. Two percent of all sales are estimated to be bad debts. How much are Farris Co. s budgeted cash receipts for October? to view the entire page, click here I chose Apple Inc - $4 Explain the ratio that is most meaningful to assessing the performance of your chosen stock. Provide support for your rationale. to view the entire page, click here Template - $6 A. Choose several peer companies for GoPro and justify your choice. Choose several valuation multiples and using comparable ratios of peer companies and GoPro financial information from prospectus, estimate the company s hypothetical stock price on June 25, 2014. It is required for this question to list your major assumptions and properly reference sources of information that you used in your calculations. B. Using the same peers and industry data, please estimate GoPro s WACC Show all your data used for calculations. Again, please state all your assumptions and sources of information... to view the entire page, click here Bond - $4 Fixed Income Corporation just issued 10-year $1000 bonds with a coupon rate of 5.5% per annum. A. If you required a return of 6% per annum and the coupons are paid annually, what would you be willing to pay for one of these bonds? B. If you required a return of 6% per annum and the coupons are paid semi-annually, what would you be willing to pay for one of these bonds? C. Would you buy Hill Corporation bonds from (b) (Semi-annual coupon) if they were trading at $900? Why? D. Briefly explain what is meant by investment risk? to view the entire page, click here Unit 3: Traditional and Roth IRAs and Employee Benefits - $8 1. In considering whether to convert a traditional IRA to the Roth IRA form, which of the following is a valid consideration? 2. Which of the following statements is NOT
  18. 18. correct regarding the conversion of a traditional IRA to a Roth IRA in 2014? 3. Carol has been researching IRAs and learning of the advantages and disadvantages of using an IRA as a retirement savings vehicle. Which of the following statements regarding an IRA is(are) CORRECT? 4. Which of the following statements regarding IRAs is(are) CORRECT? to view the entire page, click here MINI-CASE Waldo County - $7 Waldo County, the well-known real estate developer, worked long hours, and he expected his staff to do the same. So George Chavez was not surprised to receive a call from the boss just as George was about to leave for a long summer s weekend.Mr. County s success had been built on a remarkable instinct for a good site. He would exclaim Location! Location! Location! at some point in every planning meeting. Yet finance was not his strong suit. On this occasion he wanted George to go over the figures for a new $90 million outlet mall designed to intercept tourists heading downeast toward Maine. First thing Monday will do just fine,he said as he handed George the file. I ll be in my house in Bar Harbor if you need me.George s first task was to draw up a summary of the projected revenues and costs. The results are shown in Table 10.8. Note that the mall s revenues would come from two sources: The company would charge retailers an annual rent for the space they occupied and in addition it would receive 5% of each store s gross sales. Construction costs, revenues, operating and maintenance costs, and real estate taxes were all likely to rise in line with inflation, which was forecasted at 2% a year. to view the entire page, click here Clarkson - $5 1. Identify the key problem in the case and explaining why it is the key problem. 2. Why has Clarkson Lumber borrowed increasing amounts despite its consistent profitability? 3. How has Mr. Clarkson met the financing needs of the company during the period 1993 through 1995? Has the financial strength of Clarkson Lumber improved or deteriorated? 4. How attractive is it to take the trade discounts? 5. Do you agree with Mr. Clarkson s estimate of the company s loan requirements? How much will he need to finance the expected expansion in sales to $5.5 million in 1996, and to take all trade discounts? 6. As Mr. Clarkson s financial adviser, would you urge him to go ahead with, or to reconsider, his anticipated expansion and his plans for additional debt financing? 7. What do you think Mr. Dodge should do and why do you think so. If you were the banker, would you approve Mr. Clarkson s loan request, and if so, what conditions would you put on the loan?
  19. 19. to view the entire page, click here P11 - $7 P11.1 Entries of the Warren Clinic 2012 income statement are listed below in alphabetical order. Reorder the data in the proper format. Bad bet expense $40,000 Depreciation expense 90,000 General/administrative expense 70,000 Interest expense 20,000 Nonoperating income 40,000 Net Income 30.000 Other Operating Revenue 10,000 Patient Service Revenue 440,000 Purchased Clinic Services 90,000 Salaries and Benefits 150,000 P11.2Consider the following income statement:BestCare HMO statement of operations Year ended june 30,2011 ( in thousands)Revenue:premiums earned 26,682 coinsurance 1,689 interest and other income 242 total revenues 28,613 Expenses: salaries and benefits 15,154 medical supplies and drugs 7,507 insurance 3,963 provision for bad debts 19 depreciation 367 interest 385 total expenses 27,395 net income 1,218 to view the entire page, click here Part I OPS mgmt - $4 Assignment 2 Submit your solutions to the following problems. Write your solutions clearly and neatly. 1. (Chapter 1) Woodland Furniture is a small manufacturer of kitchen chairs with 5 workers. The cost of labor is $15 per hour and workers work 40 hours in a week. The overhead cost is assumed to be 1.2 times the weekly total labor cost. Material cost is $10 per chair. Last year, on average, Woodland produced 250 chairs per week, and of the items produced 16% were defective. The non-defective chairs were sold for $100 each and the defective chairs were sold for an average of $40 per chair. Woodland recently installed a new assembly process, including a new sander and polisher... to view the entire page, click here Loan etc - $4 8)You want to purchase an apartment in Chelsea and have agreed to pay $825,000 for the unit. Based on the LTV ratio alone, what is the maximum amount that you can borrow to purchase this apartment if the mortgage lender requires a loan-to-value ratio less than or equal to 90%. 9)What is the amount of your down payment? 10)To qualify for this loan, the monthly payment plus the monthly share of insurance and property taxes can be no greater than 30% of your gross monthly income. The mortgage is 30-year fixed-payment mortgage with a 4.25% rate and property taxes, insurance, and common maintenance will cost $15,000 each year. Based on this criterion, what is the minimum annual income that will allow you to qualify for this
  20. 20. mortgage? 11) To qualify for the loan, the monthly payment plus the monthly share of insurance and property taxes plus your monthly debts can be no greater than 40% of your gross monthly income. In addition to the monthly mortgage, insurance, and property tax payments, you must pay $600 a month in student loan payments and a minimum payment of $100 a month on your credit card. Based on this criterion, what is the minimum annual income that will allow you to satisfy the terms of this mortgage? 12) What must your annual income be to qualify for this mortgage? to view the entire page, click here Bond - Different period.Fixed Income; - $4 Structured Finance is creating a bond with a $1000 par value and a coupon interest rate that changes every 4 years. The coupon rate for the first 4 years is 7%, 10% for the next 4 years and 12% for the final 4 years. Coupons are paid semiannually. If your required rate of return is 10% what is the maximum price you would pay for this bond? to view the entire page, click here CAPM - $4 1. CAPM is one of the more popular models for determining the risk premium on a stock. If the Expected Return on the Stock is 20.38 percent, the Risk-Free Rate is 9.0 percent, and the Beta for Stock i is 1.75. Find the Expected Return on the market using the CAPM model. Show your work. 2. XYZ company paid a dividend of $1.25 during the past 12 months. The expected growth rate is 7 percent, and the required rate of return is 9.5 precent based on the cost of capital. Calculate the current price of the stock. Do not use a financial calculator or an online calculator. You must show your work. 3. Company XYZ is expected to grow at 15% annually forever, and its dividend in the next 12 months is expected to be $1.50, and its required rate of return is 19.5%. a. What is its intrinsic value? b. If the current price is equal to its intrinsic value, what is next year s expected price? c. Assume you buy the stock now and sell it after receiving the $1.50 dividend one year from now. What would be your anticipated capital gain in percentage terms? What is the dividend yield and the holding period return? to view the entire page, click here Waller, Inc - $4 Waller, Inc., is trying to determine its cost of debt. The firm has a debt issue outstanding with 15 years to maturity that is quoted at 107 percent of face value. The issue makes semiannual payments and has an embedded cost of 7 percent annually
  21. 21. (note: this means that the coupon rate is 7% APR). The company's pretax cost of debt (as an APR) is ______%? If the tax rate is 35 percent, the aftertax cost of debt (as an APR) is_______% to view the entire page, click here MRI Template - $5 The MRI Trailer costs $600,000 and has an expected life of 5 years with an estimated salvage value of $200,000 at that time. After some extensive research, the numbers we have come up with look like this:15 tests per day for 250 days per year for each year of the projects lifeEach procedure is expected to generate $80 in cash collections during the first year of use (Net revenue for year 1 is 15*250*80=$300,000)Labor and Maintenance costs are expected to be $100,000 during the first yearUtilities will cost $10,000 in year one and there is an incremental overhead increase of $5,000 beginning in year oneCost for expendable supplies is expected to be $5 per procedureCosts and revenues are expected to increase at a 5% inflation rate Our corporate cost of capital is 10% In the Excel spreadsheet template:estimate the project s net cash flow over the 5 year estimated life. I want you to use the properties (formulas) in Excel here.determine the project s NPV and IRR (Use the excel formulas to determine this as well)Is this a project we should move forward with? (Consider to view the entire page, click here RADR - NPV - $4 The Happy Pappy Puppy Company has compiled the following data for adding a new line of pets to their stores. The chief analyst, Bill, has chosen to use the RADR model. What NPV is calculated using this method? The initial investment in the project is $45,000. The firm s cost of capital is 12%, however projects in this risk class have a 14% required rate of return. The risk-free rate is 8%. Year Cash Inflow 1 $23,000 2 19,000 3 15,000 4 13,000 5 $10,000 to view the entire page, click here Journal Entry, T Acct -Best Way - $6 Best Way purchases inventory in crates of merchandise; each crate of inventory is a unit. The fiscal year of best Way ends each January 31. Assume you are dealing with a single Best Way store in Cleveland, Ohio. The Cleveland store began 2012 with an inventory of 22,000 units that costs a total of $1,100,000. During the year, the store purchased merchandise on account as follows:Jul (31,000 units at $58) $ 1,798,000 Nov ( 51,000 units at $ 62) 3,162,000 Dec ( 61,000 units at $ 68) 4,148,000 Total
  22. 22. purchases $9,108,000 Cash payments on account totaled $8,708,000. During fiscal year 2012 the store sold 147,000 units of merchandise for $14,112,000,of which $5,200,000 was for cash and the balance was on account. Best Way uses the averaged-cost method for inventories. Operating expenses for the year were $ 2,000,000. Best Way paid 70% in cash and accrued the rest as accrued liabilities. The store accrued income tax at the rate of 35%. Requirements: 1. Make summary journal entries to record the store s transactions for the year ended January 31, 2012. Best Way uses a perpetual inventory system. 2. Prepare a T-account to show the activity in the inventory account. 3. Prepare the store s income statement for the year ended January 31, 2012. Show totals for gross profit, income before tax and net income. to view the entire page, click here Payroll Processing - $4 Locate a payroll processing company. You may either contact one in person, by telephone, or conduct an Internet search. Write a brief report describing the advantages and disadvantages of using a payroll processing company. When conducting research on your company, take the following items into consideration: What are the services and fees that the service provides? What type of clients do they serve? Do they specialize in any special industries? to view the entire page, click here Finance homework help - $5 a. Suppose you are considering two possible investment opportunities, a 12-year Treasury bond and a 7-year, A-rated corporate bond. The current real risk-free rate is 4%. Inflation is expected to be 2% for the next two years, 3% for the following four years, and 4% thereafter. The maturity risk premium is estimated by this formula: MRP = 0.1% ( t-1). The liquidity premium for the corporate bond is estimated to be 0.7%. Finally, you may determine the default risk premium, given the company s bond rating, from the default risk premium table in the text. What yield would you predict for each of these two investments? b. Given the following Treasury bond yield information from the March 27, 2003, Federal Reserve Statistical Release, construct a graph of the yield curve as of that date. c. Based on the information about the corporate bond that was given in Part A, calculate yields and then construct a new graph that shows both the Treasury and the corporate bonds. to view the entire page, click here