BFIN3321 MIDTERM EXAM SP2014
MULTIPLE CHOICE (2 points each)
1. The overall goal of the financial manager is to _________________.
A. Minimize total costs
B. Maximize net income
C. Maximize earnings per share
D. Maximize shareholder wealth
2. Which of the following is/are true:
A. Unethical behavior and illegal behavior are the same
B. Unethical behavior is always illegal behavior
C. Illegal behavior is always unethical behavior
D. Unethical behavior and illegal behavior are never the same
3. Which of the following statements is correct?
A. Accountants are focused on what happened in the past.
B. Financial managers are focused on what happened in the past.
C. Financial managers double-check the accountant's statements.
D. Accountants and financial managers use total quality management systems to standardize data.
4. Maximizing owners' equity value means carefully considering all of the following except _______.
A. Which projects to invest in
B. How best to increase the firm's risk
C. How to best bring additional funds into the firm
D. How best to return the profits from those projects to the owners over time
5. The most common type of business in the United States is the __________.
A. Corporation
B. Partnership
C. Sole Proprietorship
D. Hybrid organization such as a limited liability company
6. The biggest disadvantage of the sole proprietorship is _________________.
A. Total control
B. Double taxation
C. Unlimited liability
D. Limited access to capital
7. All of the following are advantages to organizing as a corporation except ____.
A. Limited liability
B. Double taxation
C. Easy access to capital
D. Easy to transfer ownership
8. From the perspective of access to capital, the best form of business organization is the _______.
A. Corporation
B. Partnership
C. S Corporation
D. Sole proprietorship
9. From the perspective of ownership risk, the best form of business organization is the ______.
A. Partnership
B. Corporation
C. S Corporation
D. Sole proprietorship
10. From the perspective of control, the best form of business organization is the __________.
A. Partnership
B. Corporation
C. S Corporation
D. Sole proprietorship
11. Attempting to maximizing shareholder value can lead to
A. less pollution worldwide.
B. minimizing bondholders’ wealth.
C. disasters, like the BP oil spill in the Gulf.
D. a long-term outlook by a firm’s managers.
12. Which of the following statements is correct?
A. Shareholder wealth maximization is achieved by minimizing costs.
B. Shareholder wealth maximization may actually be beneficial for society in the long-run.
C. Shareholder wealth maximization is achieved by maximizing market share.
D. Shareholder wealth maximization is achieved by maximizing sales.
13. All are examples of perks a CEO might enjoy except _____.
A. Company car
B. Corporate jet
C. Golf club membership
D. A ...
Lesson 1Financial AccountingWhen you feel confident that y.docxcarliotwaycave
Lesson 1
Financial Accounting
When you feel confident that you have mastered the material in
Lesson 1, go to http://www.takeexamsonline.com and submit
your answers online. If you don’t have access to the Internet,
you can phone in or mail in your exam. Submit your answers for
this examination as soon as you complete it.
Do not wait until
another examination is ready.
1. When planning for retirement, _______ assess the company’s
ability to offer long-term job prospects and an attractive
retirement benefits package.
A.
social clubs
C.
state governments
B.
not-for-profit entities
D.
employees
2. Which of the following is
not
a kind of accounting considered
in your textbook?
A.
Financial
C.
National
B.
Managerial
D.
Public
3. Which classification of accounting is
most
concerned with the
use of economic and financial information to plan and control
many of the activities of the entity?
A.
Managerial
C.
Financial
B.
Public
D.
Income tax
4. Cost accounting is a subset of
A.
internal auditing.
C.
cost analysis.
B.
public auditing.
D.
managerial accounting.
5. During the 1970–1980 period, the _______ operated as a governmental body to
establish standards applicable to government contracts. It was abolished in 1981,
although its standards remained in effect.
A.
NASB
C.
CASB
B.
CANN
D.
AICPA
6. The balance sheet equation can be represented by all of the following
except
which
one?
A.
A = L + OE
B.
Assets – Liabilities = Owners’ Equity
C.
Net Assets = Owners’ Equity
D.
A = L – OE
7. The time frame associated with an income statement is a
A.
point in time in the past.
B.
past period of time.
C.
future period of time.
D.
function of the information included in it.
8. On January 31, an entity’s balance sheet showed total assets of $750 and liabilities of
$250. Owners’ equity at January 31 was
A.
$250.
C.
$750.
B.
$500.
D.
$1,000.
9. The return on investment measure of performance
A.
isn’t as important a measure of management effectiveness as the amount of net
income.
B.
relates dividends paid to the entity’s assets.
C.
involves net income divided by sales, which is called
margin.
D.
is calculated by dividing average assets for a period by the amount of net income
for the period.
10. Rate of return and _______ related to an investment go hand in hand.
A.
asset assessment
C.
falling interest
B.
riskiness
D.
time signature
11. An advantage of the DuPont model for calculating ROI is that it
A.
focuses on asset utilization as well as net income.
B.
is easier to use than the straightforward ROI formula.
C.
uses average assets, and the straightforward ROI formula doesn’t.
D.
uses owners’ equity.
12. Which of the following
best
states what return on equity is?
A.
It will be the same as return on investment.
B.
It relates dividends and turnover.
C.
It relates dividends and owners’ equity.
D.
It relates net income a.
Management Accounting Information for Managing and Creating Value 7th Edition...dunujycema
Full download : https://alibabadownload.com/product/management-accounting-information-for-managing-and-creating-value-7th-edition-smith-test-bank/
Management Accounting Information for Managing and Creating Value 7th Edition Smith Test Bank
BUS M02C – Managerial Accounting SLO Assessment project .docxhartrobert670
BUS M02C – Managerial Accounting
SLO Assessment project
Randy’s Kayaks, Inc. manufactures and sells one-person fiberglass kayaks. Randy’s balance sheet at the end
of 2011 was as follows:
RANDY’S KAYAKS, INC.
Balance Sheet
December 31, 2011
ASSETS LIABILITIES
Cash $ 52,000 Accounts payable $ 131,000
Accounts receivable 1,200,000
Raw materials inventory* 120,000 STOCKHOLDERS’EQUITY
Finished goods inventory** 287,500 Common Stock 1,600,000
Plant assets, net of accumulated Retained Earnings 2,063,500
Depreciation 2,135,000
Total Assets $ 3,794,500 Total Liabilities & SE $ 3,794,500
*40,000 pounds
**1,000 kayaks
The following additional data is available for use in preparing the budget for 2012:
Cash collections (all sales are on account):
Collected in the quarter of sale 40%
Collected in the quarter after sale 60%
(Bad debts are negligible and can be ignored)
Cash disbursements for raw materials (all purchases are on account):
Cash paid in the quarter of purchase 70%
Cash paid in the quarter after purchase 30%
Desired quarterly ending Raw materials inventory 40% of next quarter’s production needs
Desired quarterly ending Finished goods inventory 10% of next quarter’s sales
Budgeted sales:
1
st
quarter 2012 10,000 kayaks
2
nd
quarter 2012 15,000 kayaks
3
rd
quarter 2012 16,000 kayaks
4
th
quarter 2012 14,000 kayaks
1
st
quarter 2013 10,000 kayaks
2
nd
quarter 2013 12,000 kayaks
Anticipated equipment purchases:
1
st
quarter 2012 $30,000
2
nd
quarter 2012 $0
3
rd
quarter 2012 $0
4
th
quarter 2012 $150,000
Quarterly dividends to be paid each quarter in 2012 $4,000
Expected sales price per unit $400
Standard cost data:
Direct materials 10 pounds per kayak @ $3 per pound
Direct labor 10 hours per kayak @ $20 per hour
Variable manufacturing overhead $5 per direct labor hour
Fixed manufacturing overhead (includes $9,000 depreciation) $103,125 per quarter
Variable selling expenses $25 per kayak
Fixed selling and administrative expenses:
Insurance $45,000 per quarter
Sales salaries $30,000 per quarter
Depreciation $6,000 per quarter
Income tax rate 30%
Estimated income tax payments planned in 2012:
1
st
quarter $0
2
nd
quarter $50,000
3
rd
quarter $400,000
4
th
quarter $500,000
Randy’s desires to have a minimum cash balance at the end of each quarter of $50,000. In order to maintain
this minimum balance, Randy’s may borrow from its bank in $10,000 increments with an interest rate of 6%.
Money is borrowed at the beginning of the quarter in which a shortage is expected. Repayments of all or a
portion of the principle (plus accrued interest on the amount being repaid) are made at the end of any quarter
in which the cash balance exceeds the required minimum.
Requirements:
1. Use the above information to prepare the following components of th ...
BUS 409 – Student Notes(Prerequisite BUS 310)COURSE DESCR.docxhartrobert670
BUS 409 – Student Notes
(Prerequisite: BUS 310)
COURSE DESCRIPTION
Introduces and analyzes the basic concepts of compensation administration in organizations. Provides an intensive study of the wage system, methods of job evaluation, wage and salary structures, and the legal constraints on compensation programs.
INSTRUCTIONAL MATERIALS
Required Resources
Martocchio, J. J. (2013). Strategic compensation:A human resource management approach (7th ed.). Upper Saddle River, NJ: Prentice Hall / Pearson.
Supplemental Resources
Andersen, S. (2012). The keys to effective strategic account planning. Velocity, 14(1), 23-26.
Burkhauser, R. V., Schmeiser, M. D., & Weathers II, R. R. (2012). The importance of anti-discrimination and workers’ compensation laws on the provision of workplace accommodations following the onset of a disability. Industrial & Labor Relations Review, 65(1), 161-180.
Employee compensation: 12 trends for 2012. (2012). HR Specialist, 10(2), 1-2.
Survey of the Month: Companies Focus On Updating Compensation in 2012. (2011). Report on Salary Surveys, 18(12), 1-5.
The Society of Human Resources Management (2012). General format. Retrieved fromhttp://www.shrm.org
WorldatWork. (n.d.). General format. Retrieved fromhttp://www.worldatwork.org
COURSE LEARNING OUTCOMES
1. Analyze how compensation practice can be applied to positively impact an organization and its stakeholders.
2. Examine the ways in which laws, labor unions, and market factors impact companies’ compensation practices.
3. Evaluate the effectiveness of traditional bases for pay (seniority and merit) against incentive-based and person-focused compensation approaches.
4. Compare and contrast internally consistent and market-competitive compensation systems.
5. Analyze the fundamental principles of pay structure design.
6. Evaluate the role of benefits in strategic compensation.
7. Suggest viable options to current practices regarding executive compensation.
8. Make recommendations for leveraging flexible and contingent workers for any given organization.
9. Determine the best possible approach for the compensation of expatriates.
10. Analyze differences between compensation, benefits, and legal and regulatory influences in the United States and the rest of the world.
11. Use technology and information resources to research issues in compensation management.
12. Write clearly and concisely about compensation management using proper writing mechanics.
WEEKLY COURSE SCHEDULE
The standard requirement for a 4.5 credit hour course is for students to spend 13.5 hours in weekly work. This includes preparation, activities, and evaluation regardless of delivery mode.
Week
Preparation, Activities, and Evaluation
Points
1
Preparation
· Reading(s)
· Chapter 1: Strategic Compensation
· Chapter 1, Case: Competitive Strategy at Sportsman Shoes
Activities
· Introduction Discussion
· Discussions
Evaluation
· None
20
20
2
Preparation
· Reading(s)
· Chapter 2: Contextual Influe ...
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Lesson 1Financial AccountingWhen you feel confident that y.docxcarliotwaycave
Lesson 1
Financial Accounting
When you feel confident that you have mastered the material in
Lesson 1, go to http://www.takeexamsonline.com and submit
your answers online. If you don’t have access to the Internet,
you can phone in or mail in your exam. Submit your answers for
this examination as soon as you complete it.
Do not wait until
another examination is ready.
1. When planning for retirement, _______ assess the company’s
ability to offer long-term job prospects and an attractive
retirement benefits package.
A.
social clubs
C.
state governments
B.
not-for-profit entities
D.
employees
2. Which of the following is
not
a kind of accounting considered
in your textbook?
A.
Financial
C.
National
B.
Managerial
D.
Public
3. Which classification of accounting is
most
concerned with the
use of economic and financial information to plan and control
many of the activities of the entity?
A.
Managerial
C.
Financial
B.
Public
D.
Income tax
4. Cost accounting is a subset of
A.
internal auditing.
C.
cost analysis.
B.
public auditing.
D.
managerial accounting.
5. During the 1970–1980 period, the _______ operated as a governmental body to
establish standards applicable to government contracts. It was abolished in 1981,
although its standards remained in effect.
A.
NASB
C.
CASB
B.
CANN
D.
AICPA
6. The balance sheet equation can be represented by all of the following
except
which
one?
A.
A = L + OE
B.
Assets – Liabilities = Owners’ Equity
C.
Net Assets = Owners’ Equity
D.
A = L – OE
7. The time frame associated with an income statement is a
A.
point in time in the past.
B.
past period of time.
C.
future period of time.
D.
function of the information included in it.
8. On January 31, an entity’s balance sheet showed total assets of $750 and liabilities of
$250. Owners’ equity at January 31 was
A.
$250.
C.
$750.
B.
$500.
D.
$1,000.
9. The return on investment measure of performance
A.
isn’t as important a measure of management effectiveness as the amount of net
income.
B.
relates dividends paid to the entity’s assets.
C.
involves net income divided by sales, which is called
margin.
D.
is calculated by dividing average assets for a period by the amount of net income
for the period.
10. Rate of return and _______ related to an investment go hand in hand.
A.
asset assessment
C.
falling interest
B.
riskiness
D.
time signature
11. An advantage of the DuPont model for calculating ROI is that it
A.
focuses on asset utilization as well as net income.
B.
is easier to use than the straightforward ROI formula.
C.
uses average assets, and the straightforward ROI formula doesn’t.
D.
uses owners’ equity.
12. Which of the following
best
states what return on equity is?
A.
It will be the same as return on investment.
B.
It relates dividends and turnover.
C.
It relates dividends and owners’ equity.
D.
It relates net income a.
Management Accounting Information for Managing and Creating Value 7th Edition...dunujycema
Full download : https://alibabadownload.com/product/management-accounting-information-for-managing-and-creating-value-7th-edition-smith-test-bank/
Management Accounting Information for Managing and Creating Value 7th Edition Smith Test Bank
BUS M02C – Managerial Accounting SLO Assessment project .docxhartrobert670
BUS M02C – Managerial Accounting
SLO Assessment project
Randy’s Kayaks, Inc. manufactures and sells one-person fiberglass kayaks. Randy’s balance sheet at the end
of 2011 was as follows:
RANDY’S KAYAKS, INC.
Balance Sheet
December 31, 2011
ASSETS LIABILITIES
Cash $ 52,000 Accounts payable $ 131,000
Accounts receivable 1,200,000
Raw materials inventory* 120,000 STOCKHOLDERS’EQUITY
Finished goods inventory** 287,500 Common Stock 1,600,000
Plant assets, net of accumulated Retained Earnings 2,063,500
Depreciation 2,135,000
Total Assets $ 3,794,500 Total Liabilities & SE $ 3,794,500
*40,000 pounds
**1,000 kayaks
The following additional data is available for use in preparing the budget for 2012:
Cash collections (all sales are on account):
Collected in the quarter of sale 40%
Collected in the quarter after sale 60%
(Bad debts are negligible and can be ignored)
Cash disbursements for raw materials (all purchases are on account):
Cash paid in the quarter of purchase 70%
Cash paid in the quarter after purchase 30%
Desired quarterly ending Raw materials inventory 40% of next quarter’s production needs
Desired quarterly ending Finished goods inventory 10% of next quarter’s sales
Budgeted sales:
1
st
quarter 2012 10,000 kayaks
2
nd
quarter 2012 15,000 kayaks
3
rd
quarter 2012 16,000 kayaks
4
th
quarter 2012 14,000 kayaks
1
st
quarter 2013 10,000 kayaks
2
nd
quarter 2013 12,000 kayaks
Anticipated equipment purchases:
1
st
quarter 2012 $30,000
2
nd
quarter 2012 $0
3
rd
quarter 2012 $0
4
th
quarter 2012 $150,000
Quarterly dividends to be paid each quarter in 2012 $4,000
Expected sales price per unit $400
Standard cost data:
Direct materials 10 pounds per kayak @ $3 per pound
Direct labor 10 hours per kayak @ $20 per hour
Variable manufacturing overhead $5 per direct labor hour
Fixed manufacturing overhead (includes $9,000 depreciation) $103,125 per quarter
Variable selling expenses $25 per kayak
Fixed selling and administrative expenses:
Insurance $45,000 per quarter
Sales salaries $30,000 per quarter
Depreciation $6,000 per quarter
Income tax rate 30%
Estimated income tax payments planned in 2012:
1
st
quarter $0
2
nd
quarter $50,000
3
rd
quarter $400,000
4
th
quarter $500,000
Randy’s desires to have a minimum cash balance at the end of each quarter of $50,000. In order to maintain
this minimum balance, Randy’s may borrow from its bank in $10,000 increments with an interest rate of 6%.
Money is borrowed at the beginning of the quarter in which a shortage is expected. Repayments of all or a
portion of the principle (plus accrued interest on the amount being repaid) are made at the end of any quarter
in which the cash balance exceeds the required minimum.
Requirements:
1. Use the above information to prepare the following components of th ...
BUS 409 – Student Notes(Prerequisite BUS 310)COURSE DESCR.docxhartrobert670
BUS 409 – Student Notes
(Prerequisite: BUS 310)
COURSE DESCRIPTION
Introduces and analyzes the basic concepts of compensation administration in organizations. Provides an intensive study of the wage system, methods of job evaluation, wage and salary structures, and the legal constraints on compensation programs.
INSTRUCTIONAL MATERIALS
Required Resources
Martocchio, J. J. (2013). Strategic compensation:A human resource management approach (7th ed.). Upper Saddle River, NJ: Prentice Hall / Pearson.
Supplemental Resources
Andersen, S. (2012). The keys to effective strategic account planning. Velocity, 14(1), 23-26.
Burkhauser, R. V., Schmeiser, M. D., & Weathers II, R. R. (2012). The importance of anti-discrimination and workers’ compensation laws on the provision of workplace accommodations following the onset of a disability. Industrial & Labor Relations Review, 65(1), 161-180.
Employee compensation: 12 trends for 2012. (2012). HR Specialist, 10(2), 1-2.
Survey of the Month: Companies Focus On Updating Compensation in 2012. (2011). Report on Salary Surveys, 18(12), 1-5.
The Society of Human Resources Management (2012). General format. Retrieved fromhttp://www.shrm.org
WorldatWork. (n.d.). General format. Retrieved fromhttp://www.worldatwork.org
COURSE LEARNING OUTCOMES
1. Analyze how compensation practice can be applied to positively impact an organization and its stakeholders.
2. Examine the ways in which laws, labor unions, and market factors impact companies’ compensation practices.
3. Evaluate the effectiveness of traditional bases for pay (seniority and merit) against incentive-based and person-focused compensation approaches.
4. Compare and contrast internally consistent and market-competitive compensation systems.
5. Analyze the fundamental principles of pay structure design.
6. Evaluate the role of benefits in strategic compensation.
7. Suggest viable options to current practices regarding executive compensation.
8. Make recommendations for leveraging flexible and contingent workers for any given organization.
9. Determine the best possible approach for the compensation of expatriates.
10. Analyze differences between compensation, benefits, and legal and regulatory influences in the United States and the rest of the world.
11. Use technology and information resources to research issues in compensation management.
12. Write clearly and concisely about compensation management using proper writing mechanics.
WEEKLY COURSE SCHEDULE
The standard requirement for a 4.5 credit hour course is for students to spend 13.5 hours in weekly work. This includes preparation, activities, and evaluation regardless of delivery mode.
Week
Preparation, Activities, and Evaluation
Points
1
Preparation
· Reading(s)
· Chapter 1: Strategic Compensation
· Chapter 1, Case: Competitive Strategy at Sportsman Shoes
Activities
· Introduction Discussion
· Discussions
Evaluation
· None
20
20
2
Preparation
· Reading(s)
· Chapter 2: Contextual Influe ...
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BUS LAW 2
HRM Management Discussion board
Discuss what challenges an HR department may face when their company decides to expand into other countries. Do you think it would be beneficial if the company that is expanding is already affiliated with an international union? How would it affect the challenges that HR is already faced with?
References
Noe, R. A., Hollenbeck, J. R., Gerhart, B., & Wright, P. M. (2011). Fundamentals of human resource management (4thed.). Chicago, IL: McGraw-Hill.
HRM Management Discussion board
Discuss what challenges an HR department may
face when their company decides to
expand into other countries. Do you think it would be beneficial if the company that is
expanding is already affiliated with an international union? How would it affect the
challenges that HR is already faced with
?
R
eferences
Noe, R. A., Hollenbeck, J. R., Gerhart, B., & Wright, P. M. (2011).
Fundamentals of human
resource management
(4
th
ed.). Chicago, IL: McGraw
-
Hill.
HRM Management Discussion board
Discuss what challenges an HR department may face when their company decides to
expand into other countries. Do you think it would be beneficial if the company that is
expanding is already affiliated with an international union? How would it affect the
challenges that HR is already faced with?
References
Noe, R. A., Hollenbeck, J. R., Gerhart, B., & Wright, P. M. (2011). Fundamentals of human
resource management (4
th
ed.). Chicago, IL: McGraw-Hill.
BILTRITE PRACTICE CASE
Module XV of the Biltrite audit practice case contains an audit report exercise.
This exercise may be completed at this time.
Module XV: Audit Report
The Denise Vaughan audit team completed its audit field work on February 15,
2010. A conference was held on that date involving members of the audit
firm and Biltrite management. Participants in the conference were Denise
Vaughan, partner in charge of the Biltrite engagement; Carolyn Volmar,
audit manager; Richard Derick, in-charge auditor; Trevor Lawton, Biltrite’s
CEO; Gerald Groth, Biltrite’s controller; and Marlene McAfee, Biltrite’s trea-
surer. The Biltrite representatives agreed to all of the audit adjustments and
reclassifications proposed by the audit team, and they agreed to reflect them
in the December 31, 2009, financial statements. They also agreed to modify
and/or add footnote disclosures as recommended by the audit team.
At the conclusion of the conference, the audit team obtained a client repre-
sentation letter from Biltrite management and presented management with a
copy of the “significant deficiencies” letter outlining discovered internal control
deficiencies. The original of this letter was sent to Biltrite’s audit committee.
The legal action initiated against Biltrite by Rollfast, a competitor, for
alleged patent infringement, was not yet settled as of February 15. Because the
letter obtained by Derick from Biltrite’s outside legal couns ...
BUS 571 Compensation and BenefitsCompensation Strategy Project.docxhartrobert670
BUS 571 Compensation and Benefits
Compensation Strategy Project
Techtron Corporation is a developer and manufacturer of electronic window systems for small and medium-size automobiles. It has several international customers, including Vauxhall Motors (UK) and General Motors Holden Ltd. (Port Melbourne, Australia). Techtron has recently landed a contract to produce electronic window systems for the Hyundai Sonata, manufactured in Montgomery, Alabama. They have nearly completed a manufacturing facility within the suburban perimeter of the largest city in your state, and the senior leadership and support staff are in place. The company is now ready to begin the recruiting and hiring process for production floor employees.
Here is the projected income statement for Techtron in its first year:
Revenues (from sales and all sources) $35,000,000
Manufacturing expenses:
Cost of materials (10,000,000)
Cost of manufacturing operations (2,000,000)
(includes all plant and equipment
maintenance and depreciation) (12,000,000)
Administrative Costs and Overhead
Administrative Overhead and Expense (1,000,000)
Research and Development (1,000,000)
Employee Expenses (10,500,000)
(target is 30% of sales over time) (12,500,000)
Capital Budget
Capital purchases (2,000,000)
Loans payable (4,000,000)
(for the first seven years, then
dependent on plant expansion) (6,000,000)
___________
Projected Pretax income for the first year of startup 4,500,000
Depending on tax policy of state and federal governments,
net income may be used for additional research and development,
capital purchases, reduction of debt, dividends, and/or retained earnings.
The company projects that sales for years 2-6 will increase by 2%, 4%. -3%, 3%, and 4%.
The company projects that materials and overhead costs will rise by approximately the current rate of inflation (about 2.4%) for years 2-6.
Techtron will require approximately 140 hourly production technicians, 3 production supervisors, 2 manufacturing engineers, 1 process engineer, and 1 computer technician for their floor operations. Minimum qualifications and job descriptions for these jobs are as follows:
Hourly production technicians: Responsible for production and assembly of electronic window system components and subassemblies. Responsible for quality control of manufactured products. Minimal educational requirement is an associate’s degree in business or manufacturing technology; applicants must have general mathematics skills and be able to interpret control charts and basic computer output. Prior experience valued but not required.
Production supervisor: Responsible for supervision of manufacturing processes, including troubleshooting problems and interfacing between production technicians and other company functions such as HR, Information Systems, etc. Minimal educational requirement is a BA degree in industrial management or quality managemen ...
BUS 210 Exam Instructions.Please read the exam carefully and a.docxhartrobert670
BUS 210 Exam Instructions.
Please read the exam carefully and answer all of the questions.
When considering the legal issues, structure your answers as follows:
1. State the relevant issue;
2. Make the arguments of the parties involved;
3. State the applicable rule of law;
4. State your conclusion and the reasons therefore.
You may consult the text to answer the exam questions. However, your answers MUST be your own work and you may not consult with anyone in or outside of the class.
BUS 210
Be specific in your answers and state the applicable law used to reach your conclusions.
Question #1
Mike is a homeowner. Jill runs a snowplowing business. Mike asks Jill to provide an estimate for how much she would charge to snowplow Mike’s driveway. After Jill inspects Mike’s driveway, the parties have the following conversation on September 1, 2011:
Jill: “$50 each time I snowplow your driveway.”
Mike: “OK, sounds good. Please do so.”
Jill regularly snowplows Joe’s driveway during the 2011-12 season. In May 2012, Jill sends a bill to Mike for all visits she made in the 2011-12 season, and Mike promptly pays that bill in full without any other communication taking place between Jill and Mike.
• Jill regularly snowplows Mike’s driveway during the 2012-13 season and sends a bill for those visits in March 2013. What are the rights and responsibilities of the parties under contract law?
• Instead, assume that Jill does not come during the first major snowfall in 2012. Does Mike have any contractual rights against JILL? Explain fully.
• Ignore the previous bullets. Instead, assume Mike promptly pays the 2011-12 bill in full without any other communication. On September 1, 2012, Jill raises her prices 20% for all of her customers, and she notifies Mike of this fact. He does not respond. Jill regularly snowplows Mike’s driveway during the 2012-13 season and in March 2013 sends Mike a bill for those visits reflecting her increased prices. What are the right and responsibilities of the parties under contract law.
Question #2:
At the wedding of Tom and Mary, Tom’s father, Frank, told them that he wanted to live with them and to have them care for him for the rest of his life. He said, “If you agree to do this, I will deliver to you, within two years, a deed to my home.” Tom and Mary told Frank they accepted his offer and promised to look after Frank with loving care in Frank’s home. They immediately moved in with him.
Soon after moving into Frank’s home, Tom and Mary used their own money to add a new wing to the house, pay the outstanding property taxes, and pay off an existing mortgage of $25,000.
One year after Tom and Mary moved into the home, Tom reminded Frank of his promise to convey the property to them. Frank became angry, and refused to execute the deed and ordered Tom and Mary to leave the premises.
Answer the following questions by arguing both sides of the issues and applying ...
BUS 137S Special Topics in Marketing (Services Marketing)Miwa Y..docxhartrobert670
BUS 137S Special Topics in Marketing (Services Marketing)
Miwa Y. Merz, Ph.D.
Service Journal Entry Form
Your Name:
Name of Firm: T-Mobile
Type of Service (industry): Phone Company
Date of Encounter: September 27, 2015
Time of Encounter: 4PM
1. How did the encounter take place (e.g., in person, by phone, via a self-service technology)?
In person
2. What specific circumstances led to this encounter?
My girlfriend bought a new phone and she wanted to put a screen protector
3. Exactly what did the firm/employee say or do?
The employee directly showed us the different type of screen protector. He also explained in detailed about the advantage and disadvantage for each of the screen protector.
4. How would you rate your level of satisfaction with this encounter? (Circle the most appropriate number).
Very dissatisfied
1
2
3
4
5
6
7
Very satisfied
5. What exactly made you feel this way?
I was so surprised that the employee still remembered my girlfriend and I. A week ago we went to the T-Mobile to ask about the IPhone 6s.
6. What could the employee/firm have done to increase your level of satisfaction with the encounter?
Nothing because I am completely satisfied with their service
7. What improvements need to be made to this service system?
I don’t think they need to improve anything because the employees always ask the customer if they need help or not as soon as they saw the customers.
8. How likely is it that you will go back to this service firm?
Very Unlikely
1
2
3
4
5
6
7
Very Likely
Please provide the reason(s). I will definitely go back because the employees are so kind, patient and really helpful.
Service Journal Entry Form
Your Name:
Name of Firm: 99 Chickens
Type of Service (industry): Restaurant
Date of Encounter: September 19, 2015
Time of Encounter: 5 PM
1. How did the encounter take place (e.g., in person, by phone, via a self-service technology)?
In person
2. What specific circumstances led to this encounter?
We wanted to eat the chicken
3. Exactly what did the firm/employee say or do?
They didn’t say a single word. They just took our order and then directly leave.
4. How would you rate your level of satisfaction with this encounter? (Circle the most appropriate number).
Very dissatisfied
1
2
3
4
5
6
7
Very satisfied
5. What exactly made you feel this way?
Because the employee did not talk at all
6. What could the employee/firm have done to increase your level of satisfaction with the encounter?
They should treat the customer better. The service is seriously so bad. I feel that they are actually really rude.
7. What improvements need to be made to this service system?
Actually the service system is not bad because it is a self-service restaurant. But I think the company should tell the employees to have more interaction with the customers to make a good and friendly impression.
8. How likely is it that you will go back to this service firm?
Very Unlikely
1
2
3
4
5
6
7
Ver ...
BUS 313 – Student NotesCOURSE DESCRIPTIONThis course intro.docxhartrobert670
BUS 313 – Student Notes
COURSE DESCRIPTION
This course introduces the students to the key components of entrepreneurship. Topics covered include identifying new venture opportunities, getting started in a new venture, creating a business plan, financing and marketing ideas, and organizing and managing a small business.
INSTRUCTIONAL MATERIALS
Required Resources
Kaplan, J. M., & Warren, A. C. (2013). Patterns of entrepreneurship management (4th ed.). Danvers, MA: John Wiley & Sons.
Supplemental Resources
Fast Company. (2013). General format. Retrieved from www.fastcompany.com
Hess, E. D. (2012). Grow to greatness: Smart growth for entrepreneurial businesses. Stanford, CA: Stanford University Press.
Inc. Magazine. (2013).General format. Retrieved from www.inc.com
Schweikart, L. & Pierson, D. L. (2010). American entrepreneur: The fascinating stories of the people who
defined business in the United States. New York, NY: American Management Association.
Stanford Graduate School of Business. (2013). Center for Entrepreneurial Studies. Retrieved from http://www.gsb.stanford.edu/ces/resources/links.html
COURSE LEARNING OUTCOMES
1. Examine entrepreneurship and different types of entrepreneurs.
2. Analyze the stages in the entrepreneurial process.
3. Examine the process of innovating and developing ideas and business opportunities.
4. Analyze different innovative business models to determine the best model for a specific venture.
5. Analyze the market, customers, and competition of entrepreneurs.
6. Examine the process of developing a business plan and setting up the company.
7. Analyze money sources for finding and managing funds.
8. Compare the different forms of intellectual property and how they differ.
9. Analyze the management of a successful innovative company.
10. Determine the most effective communication process to present the business to investors.
11. Analyze methods for exiting the venture.
12. Use technology and information resources to research issues in entrepreneurship.
13. Write clearly and concisely about entrepreneurship using proper writing mechanics.
WEEKLY COURSE SCHEDULE
The standard requirement for a 4.5 credit hour course is for students to spend 13.5 hours in weekly work. This includes preparation, activities, and evaluation regardless of delivery mode.
Week
Preparation, Activities, and Evaluation
Points
1
Preparation
· Reading(s)
· Chapter 1: Getting Started as an Entrepreneur
· Chapter 2: The Art of Innovation
Activities
· Introduction Discussion
· Discussions
Evaluation
· None
20
20
2
Preparation
· Reading(s)
· Chapter 3: Designing Business Models
· e-Activities
· Go to Minority Business Entrepreneur (MBE) Website and explore the organization’s offerings, located at http://www.mbemag.com/. Then, go to the MBE Business Resource Directory, located at http://www.mbemag.com/index.php/resources/mwbe-resource-directory, and consider two to three businesses that would be good partners for one another. Be ...
BUS 1 Mini Exam – Chapters 05 – 10 40 Points S.docxhartrobert670
BUS 1
Mini Exam – Chapters 05 – 10
40 Points
Short Answer – Mind your time
Answer four questions from #1 - #6. Must answer #3 and #6. Answer
the XC question for extra credit. Question point count weighted equally.
It is all about business, so make sure to demonstrate / synthesize the bigger picture of business in each and
every answer.
Like all essays, specifying an exacting target word count is rather problematic. I am thinking each answer
would be about 250 - 300 words each, depending upon writing style. If you tend to be descriptive and whatnot,
that number could be 350 - 450 words.
Sidebar: Gauge your knowledge level in this way. This exam should take about 90 – 120 minutes to complete.
Students taking much longer may want to work with me to assess / discuss ways to help master this material in
a future conference session.
1. Although most new firms start out as sole proprietorships, few large firms are organized this way. Why
is the sole proprietorship such a popular form of ownership for new firms? What features of the sole
proprietorship make it unattractive to growing firms?
2. List and discuss at least three causes of small business failure. Workarounds, fixes, or methods to avoid
failure should be discussed.
3. Describe three different leadership styles and give an example of a situation in which each style could be
most used effectively.
4. Discuss Max Weber's views on organization theory. Is there a few principles that particularly resonate
in business today?
5. How has the emphasis of quality control changed in recent years? Describe some of the modern quality
control techniques that illustrate this change in emphasis.
6. Explain how managers could motivate employees by using the principles outlined in expectancy
theory? Create a story/example of expectancy theory at work, incorporating the three questions that
according to expectancy theory employees will ask.
7. XC – What is selective perception? Can you describe a business-centric scenario where selective
perception may hinder a businessperson’s ability to respond to a customer need?
I
Fireworks, Manifesto, 1974.
The Architectural Paradox
1. Most people concerned with architecture feel some sort
of disillusion and dismay. None of the early utopian ideals
of the twentieth century has materialized! none of its social
aims has succeeded. Blurred by reality! the ideals have turned
into redevelopment nightmares and the aims into bureau
cratic policies. The split between social reality and utopian
dream has been total! the gap between economic constraints
and the illusion of all-solving technique absolute. Pointed
Space
out by critics who knew the limits of architectural remedies,
this historical split has now been bypassed by attempts to
reformulate the concepts of architecture. In the process, a
new split appears. More complex, it is not the symptom of
prof ...
BullyingIntroductionBullying is defined as any for.docxhartrobert670
Bullying
IntroductionBullying is defined as any form of severe physical or psychological consequences.Bullying has been identified as a social issue in schools, homes and communities.Bullying can lead to both short term and long negative side effects.
Bullying is defined as any form of severe physical or pervasive act that includes communication in writing, electronically that is aimed at a student, or a group of student and it could have the following effects on the target. Bullying has been identified as a social issue in schools, homes and communities. Bullying can lead to both short term and long negative side effects. Many people tend to develop psychological problems as a result of engaging in bullying activities. Adopting effective measures to prevent bullying would also help to deal with the problem once and for all.
*
Forms of BullyingMere teasing.Talking trash about other peopleTrading insults.Physical harassment
The following actions have been identified as physical conduct forms that demonstrate forms of bullying. They include; Mere teasing.
Talking trash about other people. This shows an example of bullying that is practiced by people. Trading insults has also been widely recognised as a form of bullying. Physical harassment
*
Effects of BullyingBullying can lead to both long term and short term side effects.Bullying can change personalities, psychological wellbeing and even lead to physical injuries.Negatively affecting the students’ mental or physical health
Bullying has serious negative consequences for the people who do practice it. Bullying can lead to both long term and short term side effects.
Bullying can change personalities, psychological wellbeing and even lead to physical injuries. People who have been bullied tend to development long term problems such as depression. Development of stress tends to happen once people have engaged in actions that lead to bullying. This is because the actions against bullying tend to overpower the minds and also brings in psychological problems,.
*
A graphic showing No to Bullying
All forms of bullying are not acceptable in the society.
*
How to Prevent BullyingTaking immediate action.Dealing with bullies physically.Criminalizing actions against bullying.
In order to deal with bullying effectively, several measures should be enacted to prevent any form of bullying. Measures such as taking immediate action upon any case of bullying would help to deter the action from ever arising again. The other solutions entail taking immediate forms of action would also help to prevent the act from ever occurring. Dealing with bullies physically and also criminalizing actions against bullying helps to prevent it at all costs. Social and emotional learning is a bullying prevention mechanism aimed at ensuring that students do not fall victim to bullying by equipping them with social and emotional skills. This technique is aimed at ensuring that students are equipp ...
BUS1001 - Integrated Business PerspectivesCourse SyllabusSch.docxhartrobert670
BUS1001 - Integrated Business Perspectives
Course Syllabus
School of Professional Studies
BUS1001- Integrated Business Perspectives
Note to Instructors: Items highlighted in yellow apply to on ground courses, those in blue apply to online courses, and those in green apply to blended courses. Please select the appropriate sections for your course (eliminate the highlighting), and delete the other sections. Items highlighted in magenta must be completed prior to publishing the syllabus. Items highlighted in grey are for your information only and should be removed before publishing the syllabus.
*All activities listed in the syllabus must be administered in order to meet the credit requirements for this course
Contents
Overview4
Course ID4
Course Name4
Department4
Credits4
Prerequisites4
Instructor4
Telephone4
E-mail4
Office4
Office Hours4
Class Meetings4
Classroom4
Learning Management System4
Course Description4
College Information5
Centenary Greater Expectation Learning Outcomes (CGEs)5
Business Department Learning Outcomes5
Classroom Conduct5
Academic Code6
Academic Honesty6
“Publication” of Written Work and Assignments6
Academic Assistance7
Accommodations7
Technical Support7
Course Information7
Course Material7
Reference Websites7
Instructional Techniques7
Course Objectives7
Student Evaluation7
Attendance9
Participation9
Assignments10
Late Assignments10
Course Schedule11
Session 111
Session 211
Session 311
Session 412
Session 512
Session 613
Session 713
Session 813
Activities and Rubrics15
Threaded Discussion Requirements15
Threaded Discussion Rubric15
Project and Teamwork Exercise16
Project and Teamwork Exercise Rubric16
Web Assignment17
Web Assignment Rubric17
Case Study Exercise18
Case Study Rubric18
Part Ending Project19
Part Ending Project Rubric19
Launching Your Career20
Launching Your Career Rubric20
Activities Calendar21
Overview
Course ID:BUS1001Course Name:Integrated Business PerspectivesDepartment:
Business - UndergraduateCredits:
4 CreditsPrerequisites:
None
Studentsshould be competent in Microsoft WordInstructor:
Jane ZhaoE-mail:
[email protected]Class Meetings:
Thursday 6:00 pm from January 14th to March 3rd Classroom:
TBALearning Management System:
Access the Moodle student tutorial at: http://www.centenarycollege.edu/cms/en/moodle-help-center/moodle-help-center/students/ for instructions on how to log in, navigate, and submit assignments.
Moodle accessibility versions are available for download; please contact the IT Help Desk at ext. 2362 or [email protected] for assistance.Course Description:
This Business course provides the student with the opportunity to discover the role of business in society and to explore career opportunities. The relations among different business disciplines are analyzed. Students learn team building and communication and apply that learning as they work in teams to create, implement, and assess projects.
College InformationCentenary Greater Expectation Learning Outcomes (CGEs):
In ...
BUMP implementation in Java.docxThe project is to implemen.docxhartrobert670
BUMP implementation in Java.docx
The project is to implement the BUMP client in java, with window size 1. Here is an overview of the three WUMP protocols (BUMP, HUMP, and CHUMP). Here are the files wumppkt.java, containing the packet format classes, and wclient.java, which contains an outline of the actual program. Only the latter file should be modified; you should not have to make changes to wumppkt.java.
What you are to do is the following, by modifying and extending the wclient.java outline file:
· Implement the basic transfer
· Add all appropriate packet sanity checks: timeouts, host/port, size, opcode, and block number
· Generate output. The transferred file is to be written to System.out. A status message about every packet (listing size and block number) is to be written to System.err. Do not confuse these!
· Terminate after a packet of size less than 512 is received
· Implement an appropriate "dallying" strategy
· send an ERROR packet if it receives a packet from the wrong port. The appropriate ERRCODE in this case is EBADPORT.
An outline of the program main loop is attached
recommended that you implement this in phases, as follows.
1. Latch on to the new port: save the port number from Data[1], and make sure all ACKs get sent to this port. This will mean that the transfer completes. You should also make sure the client stops when a packet with less than 512 bytes of data is received. Unless you properly record the source port for Data[1], you have no place to which to send ACK[1]!
2. For each data packet received, write the data to System.out. All status messages should go to System.err, so the two data streams are separate if stdout is redirected. To write to System.out, use System.out.write:
System.out.write(byte[] buf, int offset, int length);
For your program, offset will be 0, buf will typically be dpacket.data(), where dpacket is of type DATA (wumppkt.DATA). The length will be dpacket.size() - wumppkt.DHEADERSIZE (or, equivalently, dg.getLength() - wumppkt.DHEADERSIZE, where dg is a DatagramPacket object).
3. Add sanity checks, for (in order) host/port, packet size, opcode, and block number.
4. Handle timeouts, by retransmitting the most recently sent packet when the elapsed time exceeds a certain amount (4 seconds?). One way to do this is to keep a DatagramPacket variable LastSent, which can either be reqDG or ackDG, and just resend LastSent. Note that the response to an InterruptedIOException, a "true" timeout, will simply be to continue the loop again.
5. Add support for an dallying and error packets. After the client has received the file, dallying means to wait 2.0 - 3.0 timeout intervals (or more) to see if the final data packet is retransmitted. If it is, it means that the final ACK was lost. The dally period gives the client an opportunity to resend the final ACK. Error packets are to be sent to any sender of an apparent data packet that comes from the wrong port.
vanilla Normal transfer
lose Lose ever ...
BUS 303 Graduate School and Further Education PlanningRead and w.docxhartrobert670
BUS 303 Graduate School and Further Education Planning
Read and watch pieces on Planning for Graduate School. Answer related questions and write an essay.
· Read about earning a Master’s Degree.
· https://www.gradschools.com/masters/business
· Choose and read about two Master’s degree programs from the left hand column of Subject Selection options (image below) found on the webpage https://www.gradschools.com/masters/business
1-Report - List two subject that you selected to read/research:
One: ____________________
Two: _____________________
2-Discover:
Conduct research on two Master’s degree programs related to your undergraduate major that are offered by Virginia, DC, or Maryland Universities. Choose programs at two separate universities. If you are interested in other universities outside of this area, please feel free to research them as alternatives.
Discover information such as: What are the application processes, preferred GPA, required entrance exams, or prerequisites. What are the options for study (full time study, part time study, face-to-face classes or online classes)? What is the typical timeframe for completing the graduate program? What are the typical career opportunities for graduates from the Master’s program?
Section One- First - University and Graduate Program:
List the university and graduate program that you researched. Answer the research questions with words, phrases, or sentences.
· University and graduate program that you researched
(Enter information here)
· What are the application processes, preferred GPA, required entrance exams, or prerequisites?
· What are the options for study (full time study, part time study, face-to-face classes or online classes)?
· What is the typical timeframe for completing the graduate program?
· What are the typical career opportunities for graduates from the Master’s program?
Section Two: Second - University and Graduate Program
List the university and graduate program that you researched. Answer the research questions with words, phrases, or sentences.
· University and graduate program that you researched
· What are the application processes, preferred GPA, required entrance exams, or prerequisites?
· What are the options for study (full time study, part time study, face-to-face classes or online classes)?
· What is the typical timeframe for completing the graduate program?
· What are the typical career opportunities for graduates from the Master’s program?
3-Write:
Questions to answer in an essay with at least 400 words. The expectation is that the essay in made up of flowing sentences that are organized in to paragraphs. WORD formatted document is required.
· What did you learn about Master’s degree programs and earning a Master’s degree? If you have researched graduate programs in the past, what are the most important aspects of information that you learned about graduate education opportunities?
(At least one paragraph)
· List and discu ...
Bulletin Board Submission 10 Points. Due by Monday at 900 a.m..docxhartrobert670
Bulletin Board Submission: 10 Points. Due by Monday at 9:00 a.m.
As you've learned, it is important to be able to determine the elements of a crime and there are several places to turn for assistance in doing so.
First - Look at the statute for the crime. For example, in New York, the statute for Petit Larceny is Penal Law 155.25.
Second - Check to see if any of the terms in the statute are defined in another statute. For example, in New York, Larceny is defined in Penal Law 155.05
Third - If the elements are not clear from the statute, you may want to research case law to see if the courts have established the elements for the crime.
Fourth - Always remember to check the Jury Instructions.
They are an excellent source for identifying the elements, as this is how the court explains the crime to the jury.
Many states are now posting their Jury Instructions on the internet.
Section One –
Keeping the above in mind, please provide the statute under which a Defendant in your state would be charged with Rape (1st Degree if your state breaks it down in that manner) In addition, provide any relevant statutory definitions and an overview of the Jury Instructions. Then, provide cases addressing at least one of the elements of the statute.
Section Two –
Discuss whether or not a woman can be charged with Rape in your state. If not, what could she be charged with?
...
BUS 371Fall 2014Final Exam – Essay65 pointsDue Monda.docxhartrobert670
BUS 371
Fall 2014
Final Exam – Essay
65 points
Due: Monday, December 9 at 11:59 p.m. EST (Blackboard submission)
Directions:
Part One (this part) of your final exam is to be just that – yours! I expect you will work independently of your classmates to complete the exam.
As always in BUS 371, your grade will be affected by the quality of your writing – clarity, spelling, grammar, syntax, etc.
1. How has this course changed your view and/or understanding of management and its role in contemporary organizations? In your answer, compare your understanding/perception of management at the beginning of the class with your current understanding/perception. Be specific and honest. (10 points)
2. Would you describe your experience with your class team in BUS 371 as better than most of your experiences with previous class teams, about the same as most of your experiences with previous class teams, or worse than most of your experiences with previous class teams? Be specific and explain what happened with your team for you to form your impression. (10 points)
Depending on your answer to question 2, you will answer EITHER question 3 or question 4.
3. If your experience with your class team was better than most of your experiences with previous class teams, what do you think contributed to the positive experience? From what you’ve learned in BUS 371 this semester, what can you do, as an individual student, in future class (and workplace) teams to contribute to their success? Be specific in your answer. (If your experience with your class team in BUS 371 this semester was about the same or worse than your previous experiences with class teams, skip this question and answer question 4.) Be specific in your answer, referring to course material as appropriate. (10 points)
4. If your experience with your class team was about the same or worse than your experiences with previous class teams, what can you do, as an individual student, in future class (and workplace) teams to increase their success? Be specific in your answer, referring to course material as appropriate. (10 points)
5. What do you consider to be your most important “take aways” from this course? In other words, what concepts and/or ideas have you found most interesting? What elements of the course do think will be most likely to be useful to you when you become a manager?
NOTE: Be sure to include both what you’ve found most interesting and most likely to be useful from the course. (10 points)
6. Define, compare and contrast content, process and reinforcement theories of motivation, giving and explaining an example of each. How could a manager apply each of the theories in the workplace? Your answer should be specific and clearly demonstrate your understanding of these motivation theories and their application. (25 points)
feedback for group work:
Business 371 - Fall 2014
Individual Assignment Five
Peer Assessment – Round Two
Due: Friday, December 5 (submitted i ...
BUS 305 SOLUTIONS TOPRACTICE PROBLEMS EXAM 21) B2) B3.docxhartrobert670
BUS 305: SOLUTIONS TO
PRACTICE PROBLEMS EXAM 2
1) B
2) B
3) No, fan pattern (heteroscedasticity)
4) No, nonlinear relationship between X and Y
5) The black line is the regression line because it get closest to the sample points (minimizes error between the points and the line). The red line has a larger error; that is, larger total distance from points to the line.
6) Because it is reasonable to suppose that costs are dependent on production volume (since units are produced, directly resulting in costs), then regression is more appropriate for this data since regression is appropriate when an cause-and-effect relationship is assumed.
7) C
8) a) r = 0.8;
b) T = 1.31;
c) p = 0.117
d) There is no evidence of a significant correlation between X and Y in the population because we did not reject the null of H0: = 0.
9) Note: the following are not complete answers to Question 11; they are just enough for you to know whether your short answer addressed the correct things.
a) 1 = population slope, b1 = sample slope. On exam, would also want to address what you know (or don’t know) about each of these and how each is found.
b) An outlier can “drag” the regression line toward it. On the exam, also think about how this would affect the quality of your regression model and the predictions.
10) Yes, there appears to be a straight line relationship between the variables. Linear regression appears to be appropriate. The regression output is:
11) a) T = -0.09, p = 0.929, do not reject Ho, conclude there is no evidence of a relationship
b) R2 = 0.002 = 0.2%, No because value is very close to zero
c) Correlation = r = -0.0421. No, there is not a strong relationship between these variables. The correlation is nearly 0.
d) Regression line is Y^ = 1.26 – 0.035X.
Y^ = 1.26 – 0.035(100) = 1.26 – 3.5 = -2.24. No this does not make sense because you cannot have a negative number of near misses. It is not wise to predict with this model. The R-squared value is extremely low (essentially 0%), which means that there is no relationship at all between near misses and flights in this data. Therefore, predicting misses from flights is meaningless.
e) b1 = -0.035. As Number of flights increases by 1, we expect number of near misses to go down by 0.035. Or, put another way, as flights increases by 1000, we expect number of near misses to go down by 35. No, this does not make sense. We would assume that as flights increase, so would near misses.
12) a. Multiple regression is a direct extension of simple regression, except that now we have more than one independent (X) variable.
b. Note: the following is not a complete answer; it is just enough for you to know whether your short answer addressed the correct things: Multicollinearity is when the independent variables are highly correlated with one another. On the exam, also indicate how this affects the model, how one can identify if it is present, and what can be done to correct it.
c. Dummy variables are us ...
Burgerville- Motivation Goals.
Peer-reviewed articles.
Here are some articles I found:
1) Employees Motivation in Organizations: An integrative literature
Review:
http://www.ipedr.com/vol10/106-
S10089.pdf
2) Impact of Employees Motivation on Organizational
Effectiveness:
http://iiste.org/Journals/index.php/EJBM/article/viewFile/265/150
3) Shareholders win when employees are motivated:
http://www.forbes.com/2009/08/23/employee-motivation-stocks-intelligent-investing-returns.html
1. THE THEORY OF PURPOSEFUL- WORK BEHAVIOR: THE ROLE OF PERSONALITY, HIGHER-ORDER GOALS, AND JOB CHARACTERISTICS
http://web.a.ebscohost.com/ehost/pdfviewer/pdfviewer?sid=fa02d089-2c07-4af2-8637-23192c8c3b1f%40sessionmgr4004&vid=14&hid=4209
0. Relative Importance and Utilityof Positive Worker States: A Reviewand Empirical Examination
http://web.a.ebscohost.com/ehost/pdfviewer/pdfviewer?sid=fa02d089-2c07-4af2-8637-23192c8c3b1f%40sessionmgr4004&vid=27&hid=4209
Cam Sommer
1. http://psycnet.apa.org/journals/apl/72/4/658/
Comparative analysis of goal setting theories across cultures
0. http://amj.aom.org/content/29/2/305.short
Effects of Team building and goal setting on productivity: A field Experiment
The first employee’s interview
Mr. Kay Nguyen is working at Burgerville for over 2 years. He said that working at Burgerville is only temporary while attending school. The hour he works is outside of his school time, so it helps pay for tuition. The work is very busy during high traffic hours, especially at the drive-through during dinnertime. His main responsibility is handling cashier, but he often help others where needed. He starts pay at minimum wages.
His supervisor encourages employees from time to time, but the wage is very low for employee to stay. He explains that turnover at Burgerville is below average compare to other place he has worked before.
Goal Setting:
What did you learn from this job? How does it impact your future? I encounter customers every day, I learn a lot about customer service in person. He dealt with all type of customers. He learned about servicing and created a friendly environment for customers
While studying and working, his self-motivation can encourage his learning and success, whatever be the scenario. He won’t stop staying here as a cashier. He will keep pushing himself to reach his goal setting
What are your obstacles? How do you deal with it? The most frustrate situation he endures during his tenure at Burgerville is the irresponsibility of other employees. They sometime either do not show up for work or call in. This creates a lot of pressure at work, as he has to cover for their shift. He usually has to stay extra hours to clean up and cover for other shifts.
Does BurgerVille create rewards or something to motivate its employee? Does it make you feel happy or comfortable when working there? Mr. Nguyen’s supervisor usually awards his employees with movie tickets for their performances. Also, they are a ...
Bullying Bullying in Schools PaperName.docxhartrobert670
Bullying
Bullying in Schools Paper
Name
Class
Date
Professor
Bullying in Schools Paper
Bullying is mean spirited and unwanted intimidation by another student. Bullying can come in many different forms but the result is an imbalance of power where one student suffers physical and verbal attacks as well as social exclusion. The bully repeatedly focuses in on their victims and subjects them to continued harassment and false rumors. Bullying causes the victims extreme emotional damage and lifelong pain but occurs most commonly in the school setting. In order to ensure that bullying is prevented the educational system will need to become more proactive and create programs and services designed to educate, reduce, deter and punish bullying.
Types and Extent of Bullying
The three types of bullying experienced by the youthful victim in the school setting consist of verbal and physical assaults as well as social exclusions. The types of verbal threats the victims of bullying suffer are name calling, false gossip, lewd sexual comments, taunts, and threats to cause harm. Physical assaults include hitting, kicking, pushing, tripping, pinching, and spitting on the victim. Social exclusions includes the bully taking steps to isolate the victim from peers by leaving them out of social events or gatherings and talking rudely about them to other peers. Other students will fear the bully and go along with their mean spirited actions. The victim will be isolated and the bully will take steps to embarrass the student in front of other peers. The bully will spread malicious rumors and make rude comments to the victim.
Adolescents are extremely sensitive to rejection and the opinions of peers, both of which can serve as catalysts for revenge (Booth, 2011). The result is the bullying becomes escalated and the victim takes revenge on the bully or physical altercations occur. Bullying is a major problem in society. While bullying occurs most in the school setting there are other places where bullying occurs. Bullies target victims using social networks and will bully them at social events. Victims of bullies are harassed and attacked on school buses and on school playgrounds as well as in the victim’s neighborhood. While bullying can happen anywhere it is most prevalent in schools making it the responsibility of educational systems to take steps to see it stopped.
In 2001 in a report conducted by the Bureau of Juvenile Justice Statistics it was discovered that 20% of all students will be bullied while in high school while the number creeps up to almost 30% when dealing with school children from second to sixth grade (DeVoe, 2009). This comes to one in seven students from kindergarten to twelfth grade being victims of bullying. Over half of the students surveyed have been witness to bullying in the school setting and over 70% find bullying is a real issue in their school as well as the report found girls where far more ...
Building Design and Construction FIRE 1102 – Principle.docxhartrobert670
Building Design and
Construction
FIRE 1102 – Principles of Fire Science
Reference: Chapter 4 of Cote, Fundamentals of Fire Protection
UAE Tamweel Tower
Objectives of Fire-Safe Building Design
1. Life Safety
2. Property Protection
3. Continuity of Operations
4. Environmental Protection
5. Historical Preservation
Life Safety
• Achieved by early warning of a fire, extinguishment
of a fire, proper egress for prompt escape
• Can the occupants get out before the room becomes
untenable?
– We know that flashover is a time when the room
is untenable,
– However there may be a time before flashover
where a room is untenable where concentration
of fire gases (CO) can create such a situation.
• We can do modeling of how long it takes for
occupants to evacuate out of a building and predict
when a room becomes untenable.
• Human Behavior Research
Fire Modeling of Station Night Club Fire
Human Behavior Research
Property Protection
• Materials that can be replaced which have a dollar
value assigned to them.
• Billions of dollars are lost due to fires each year.
• Achieved by installing proper fire extinguishing
systems, compartmentation features to limit spread
and construction of building materials.
Heritage Preservation
• Irreplaceable items and artifacts.
• Accomplished using appropriate fire
extinguishing systems.
Mona Lisa Original Copy of
Declaration of
Independence
Hand Written Quran
National Museum of Saudi Arabia
Continuity of Operations
• Getting back to business
• Accomplished by installation of proper fire
extinguishing systems
Environmental Preservation
• Protecting our environment from fire and/or
fire extinguishing agent.
• Installation of fire extinguishing systems that
limit fire size, minimize run-off from water,
using agents that do not adversely affect the
ozone layer.
Types of Building Construction
• NonCombustible Construction
– Type I
– Type II
• Combustible Construction
• Type III
• Type IV
• Type V
Type I Construction
Non-combustible
• Fire Resistive
• Constructed of concrete
and protected steel
• Columns and beams are
covered with fire resistive
spray on material.
• Primary hazard are the
contents in the structure.
• High-rise office buildings,
shopping centers
Type II Construction
Non-combustible
• Non-Combustible
• Lower degree of fire resistance than
Type I.
• Fire resistant rating on all exterior
and interior load bearing walls.
• May have combustible non-
loadbearing partition walls.
• Columns and beams are not
protected and will be exposed
during a fire.
• Office buildings, warehouses,
automobile repair shops.
Type III Construction
Combustible
• Ordinary Construction
• Office buildings, retail stores, mixed
occupancies with store on first
floor and dwelling on second floor.
• Exterior walls of the building have
2-hr fire resistance rating and non-
com ...
Safalta Digital marketing institute in Noida, provide complete applications that encompass a huge range of virtual advertising and marketing additives, which includes search engine optimization, virtual communication advertising, pay-per-click on marketing, content material advertising, internet analytics, and greater. These university courses are designed for students who possess a comprehensive understanding of virtual marketing strategies and attributes.Safalta Digital Marketing Institute in Noida is a first choice for young individuals or students who are looking to start their careers in the field of digital advertising. The institute gives specialized courses designed and certification.
for beginners, providing thorough training in areas such as SEO, digital communication marketing, and PPC training in Noida. After finishing the program, students receive the certifications recognised by top different universitie, setting a strong foundation for a successful career in digital marketing.
Acetabularia Information For Class 9 .docxvaibhavrinwa19
Acetabularia acetabulum is a single-celled green alga that in its vegetative state is morphologically differentiated into a basal rhizoid and an axially elongated stalk, which bears whorls of branching hairs. The single diploid nucleus resides in the rhizoid.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
Biological screening of herbal drugs: Introduction and Need for
Phyto-Pharmacological Screening, New Strategies for evaluating
Natural Products, In vitro evaluation techniques for Antioxidants, Antimicrobial and Anticancer drugs. In vivo evaluation techniques
for Anti-inflammatory, Antiulcer, Anticancer, Wound healing, Antidiabetic, Hepatoprotective, Cardio protective, Diuretics and
Antifertility, Toxicity studies as per OECD guidelines
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
Normal Labour/ Stages of Labour/ Mechanism of LabourWasim Ak
Normal labor is also termed spontaneous labor, defined as the natural physiological process through which the fetus, placenta, and membranes are expelled from the uterus through the birth canal at term (37 to 42 weeks
Normal Labour/ Stages of Labour/ Mechanism of Labour
BFIN3321 MIDTERM EXAM SP2014 MULTIPLE CHOICE.docx
1. BFIN3321 MIDTERM EXAM SP2014
MULTIPLE CHOICE (2 points each)
1. The overall goal of the financial manager is to
_________________.
A. Minimize total costs
B. Maximize net income
C. Maximize earnings per share
D. Maximize shareholder wealth
2. Which of the following is/are true:
A. Unethical behavior and illegal behavior are the same
B. Unethical behavior is always illegal behavior
C. Illegal behavior is always unethical behavior
D. Unethical behavior and illegal behavior are never the same
3. Which of the following statements is correct?
A. Accountants are focused on what happened in the past.
B. Financial managers are focused on what happened in the
past.
C. Financial managers double-check the accountant's
statements.
D. Accountants and financial managers use total quality
management systems to standardize data.
4. Maximizing owners' equity value means carefully considering
all of the following except _______.
2. A. Which projects to invest in
B. How best to increase the firm's risk
C. How to best bring additional funds into the firm
D. How best to return the profits from those projects to the
owners over time
5. The most common type of business in the United States is the
__________.
A. Corporation
B. Partnership
C. Sole Proprietorship
D. Hybrid organization such as a limited liability company
6. The biggest disadvantage of the sole proprietorship is
_________________.
A. Total control
B. Double taxation
C. Unlimited liability
D. Limited access to capital
7. All of the following are advantages to organizing as a
corporation except ____.
A. Limited liability
B. Double taxation
C. Easy access to capital
D. Easy to transfer ownership
8. From the perspective of access to capital, the best form of
business organization is the _______.
A. Corporation
B. Partnership
C. S Corporation
3. D. Sole proprietorship
9. From the perspective of ownership risk, the best form of
business organization is the ______.
A. Partnership
B. Corporation
C. S Corporation
D. Sole proprietorship
10. From the perspective of control, the best form of business
organization is the __________.
A. Partnership
B. Corporation
C. S Corporation
D. Sole proprietorship
11. Attempting to maximizing shareholder value can lead to
A. less pollution worldwide.
B. minimizing bondholders’ wealth.
C. disasters, like the BP oil spill in the Gulf.
D. a long-term outlook by a firm’s managers.
12. Which of the following statements is correct?
A. Shareholder wealth maximization is achieved by minimizing
costs.
B. Shareholder wealth maximization may actually be beneficial
for society in the long-run.
C. Shareholder wealth maximization is achieved by maximizing
market share.
D. Shareholder wealth maximization is achieved by maximizing
sales.
4. 13. All are examples of perks a CEO might enjoy except _____.
A. Company car
B. Corporate jet
C. Golf club membership
D. All of the above are examples of perks a CEO might enjoy
14. An employee stock option plan is ________________.
A. A plan that only partnerships can use to defer compensation
to partners
B. A perk usually only given to the board of directors as
compensation
C. A way to align the interests of employees with those of the
owners
D. None of these answers are correct
15. While cash flow is more often used in financial analysis,
which of the following is not a reason to
require firms to still report accounting profit?
A. We need to keep accountants employed
B. accounting profit proxies economic profit
C. accounting profit will generally have less erratic swings from
year to year
D. accounting profits reflect the prospect of the business as a
‘going concern’
16. The agency relationship in corporate finance refers to
_______________________.
A. when the corporate hires an advertising agency to market
their new product/service
B. when the shareholders hire a manager to run their company
C. when the board of directors are elected to staggered terms
D. when the board of directors oversee the CEO
5. 17. The role of a credit analyst is to ______________.
A. help firms access capital markets
B. examine a firm's financial strength for its debt holders
C. monitor the business activities and report to the Securities
Exchange Commission
D. follow a firm and conduct their own evaluations of the
company's business activities
18. A legal duty between two parties where one party must act
in the interest of the other party is
known as a ______________.
A. Fiduciary
B. Venture capitalist
C. Restricted investor
D. Restricted capitalist
19. Restricted stock is:
A. a special type of stock that is not transferable from the
current holder to others until specific
conditions are satisfied.
B. a special type of stock that can be converted into corporate
bonds after a specific amount of time
has elapsed.
C. a special type of stock that is a result of offering an
employee stock ownership plan.
D. None of these answers is correct.
6. 20. Which of the following is not true about ratio analysis?
A. Ratio analysis can show us how our organization changes
over time.
B. Ratio analysis can show us how our organization compares to
other organizations.
C. Ratio analysis tells us how to fix our organization.
D. Ratio analysis uses accounting data, not cash flow, so it is
not useful.
21. The board of directors _____________.
A. are hired by the CEO
B. are elected by shareholders
C. have unlimited liability since they oversee the day-to-day
operations of the firm
D. are employed by the Securities Exchange Commission to
ensure its rules and regulations have
been met
22. Which of the following would be a result of changing to the
MACRS method of depreciation?
A. Lower taxable income in the early years of a project's life
B. Lower taxes in the early years of a project's life
C. Higher depreciation expense
D. All of the above.
23. Is it possible for a firm to have positive net income and yet
it has cash flow problems?
A. Yes, this can occur when a firm is growing very rapidly.
B. No, this is impossible since net income increases the firm's
cash.
C. No, this is impossible since net income and cash are highly
correlated.
7. D. Yes, this is possible if the firm window-dressed its financial
statements.
24. All of the following are cash flows from investing activities
except a(n)___________.
A. Increases in fixed assets
B. Decreases in fixed assets
C. Increases in marketable securities
D. All of these items are cash flows from investing.
25. All of the following are cash flows from financing activities
except a(n) _________.
A. Increase in accounts payable
B. Stock Repurchases
C. Paying dividends
D. Issuing stock
26. Cash flows available to pay the firm's stockholders and debt
holders after the firm has made the
necessary working capital investments, fixed asset investments,
and developed the necessary new
products to sustain the firm's ongoing operations is referred to
as _________________.
A. Net operating working capital
B. Operating cash flow
C. Free cash flow
D. None of the above
27. All of the following are reasons that one should be cautious
8. in interpreting financial statements
except ____________.
A. Firms can take steps to over- or understate earnings at
various times.
B. It is difficult to compare two firms that use different
depreciation methods.
C. Financial managers have some latitude in accounting rules to
manage their reported earnings.
D. All of the above are reasons to be cautious in interpreting
financial statements.
28. Choose the phrase that makes this statement true: Ratio
analysis
A. can provide useful information on a firm's past but not
current position.
B. can provide useful information on a firm's current position
and hint at future performance.
C. can provide useful information on a firm's current position
but should never be used to forecast
future performance.
D. can provide useful information on a firm's past and current
position, but should never be used to
forecast future performance.
29. Which of the following statements is incorrect?
A. A negative free cash flow means that the firm's operations
are not producing any cash flows for
investors and always indicates that the firm is mismanaged.
B. A positive free cash flow means that the firm's operations are
producing cash flows for investors—
both bondholders and shareholders.
C. Free cash flows are the cash flows available to investors
after the firm has made the necessary
investments in the firm's operations.
D. All of these statements are correct.
9. 30. Which of the following statements is correct?
A. The use of debt in the capital structure results in tax benefits
to the firm.
B. Debt is referred to as "financial leverage" because it
magnifies returns to shareholders.
C. Debt management ratios evaluate whether a firm is financing
its assets with a reasonable amount
of debt versus equity financing.
D. All of these statements are correct.
31. Which of the following statements is correct?
A. Performing cross-sectional analysis is easy as industries are
clustered with firms that are identical.
B. Time-series analysis is useless in assessing improvement or
deterioration of ratios since the data is
historical.
C. Performing cross-sectional ratio analysis refers to assessing
how a firm performed over a certain
section of time.
D. To interpret financial ratios, users should analyze the
performance of the firm over time and the
performance of the firm against one or more companies in the
same industry.
32. A strong liquidity position means that ______________.
A. the firm pays out a large portion of its net income in the
form of dividends
B. the firm is able to meet its short-term obligations
C. the firm uses little debt in its capital structure
10. D. the firm pays its creditors on-time
33. A firm has an average collection period of 13 days. The
industry average ACP is 27 days. Which
of the following statements is true given this information?
A. The firm could probably increase its sales by relaxing its
strict accounts receivable policy.
B. The firm is maximizing its net income by minimizing its
losses in accounts receivable.
C. The firm has an excellent accounts receivable policy.
D. Both statements b and c are correct.
34. Which of the following activities will increase a firm's
current ratio?
A. Purchase inventory using cash.
B. Accrued wages and taxes increase.
C. Accounts receivable are paid in cash.
D. Buy equipment with a short-term bank loan.
E. None of these statements will increase a firm's current ratio.
35. A firm may not want to strive to match industry average
ratios when:
A. Firms in the industry are shifting into different directions.
B. Most of the other firms in the industry are foreign firms.
C. They are the leader in the industry.
D. All of the above.
36. Which of the following will increase a firm's quick ratio
assuming no other accounts change?
A. An increase in inventory.
B. A reduction in accounts payable.
C. An increase in accounts receivable.
D. All of these statements will increase a firm's quick ratio.
11. 37. Which of the following statements is correct?
A. In general, a firm should strive for a high average payment
period because it wants to pay for its
purchases as quickly as possible.
B. If a firm has a very high fixed asset turnover, it means that
the firm may be nearing its maximum
production capacity.
C. An extremely low average collection period will maximize
net income.
D. A debt ratio of zero, so no interest is paid, is the most
profitable strategy.
38. Common-size financial statements:
A. Are obtained by dividing all income statement accounts by
net sales and all balance sheet
accounts by total assets.
B. Allow for easy comparison of balance sheets and income
statements across firms in the industry.
C. Provide quantitative clues about the direction that the firm is
moving.
D. All of the above.
39. The main two sources of the time value of money are:
A. Interest Rates and Risk,
B. Inflation and Interest Rates,
C. Risk and timing of Consumption,
D. Inflation and timing of Consumption.
12. 40. Which of the following will decrease a present value?
A. Increasing the future value.
B. Decreasing the interest rate.
C. Decreasing the number of periods.
D. None of the above will decrease a present value.
41. Which of the following will not increase a present value?
A. Increase the interest rate.
B. Increase the future value.
C. Decrease the number of periods.
D. None of these answers is correct.
42. Compounding is _______.
A. the adding of interest earned every period on both the
original investment and the reinvested
earnings
B. the adding of interest earned every period on both the
original investment and additional deposits
C. the process of using time-value equations to compute the
number of years
D. the process of finding a present value
43. Which of the following will increase the present value of an
annuity?
A. The discount rate increases.
B. The discount rate decreases.
C. The number of periods the annuity is received increases.
D. Statements B and C are correct.
44. Which of the following will increase the present value of an
annuity?
A. The interest rate decreases.
13. B. The number of periods decreases.
C. The amortization schedule decreases.
D. The effective rate is calculated over fewer years.
45. In theory, a perpetuity’s value will be infinite
A. always,
B. if the interest rate is zero,
C. if the interest rate is 100%,
D. when payments go on forever.
46. You just bought a new home and have a 30-year mortgage
with monthly payments. Which
statement regarding your mortgage is correct?
A. The dollar amount of interest expense you pay each year will
remain the same each year.
B. The dollar amount of principal paid increases each month.
C. Your monthly payments will decrease over time.
D. If you want to pay off the mortgage at 15 years, you will owe
½ of the amount borrowed.
47. Which of the following bonds will have the largest
percentage increase in value if interest rates
decrease by 1%?
A. 30-year, 10% coupon bond
B. 2-year, 5% coupon bond
C. 10-year, zero coupon
D. 30-year, zero coupon
14. 48. If a bond is selling at a discount, which of the following
statements is correct?
A. The coupon rate must be greater than the yield to maturity.
B. The current yield must be greater than the coupon rate.
C. The bond must have a low bond rating.
D. All of the statements are correct.
49. Which statement is true?
A. Extremely high levels of liquidity guard against liquidity
crises, but at the cost of lower returns on
assets
B. The less liquid assets a firm holds, the less likely it is that
the firm will experience financial
distress.
C. The lower the liquidity ratios, the less liquidity risk a firm
has.
D. Liquid assets generate profits for the firm.
50. Under what conditions is a bond likely to be called?
A. The firm is in financial duress.
B. The firm wants to increase its debt ratio.
C. Interest rates have significantly declined.
D. The firm is planning a massive expansion and needs to raise
a lot of capital.
51. Which of the following statements is correct?
A. Long-term bonds have more reinvestment rate risk than
short-term bonds.
B. Long-term bonds have more interest rate risk than short-term
bonds.
C. Short-term bonds with high coupons have high interest rate
risk.
D. A zero coupon bonds do not have interest rate risk.
15. 52. Under which conditions will an investor demand a larger
return (yield) on a bond?
A. The bond issue is upgraded from A to AA.
B. The bond issue is downgraded from A to BBB.
C. Interest rates decrease due to decline in inflation.
D. None of these conditions will cause an increase in the bond's
yield.
53. Which of the following is an electronic stock market
without a physical trading floor?
A. Mercantile Exchange
B. Nasdaq Stock Market
C. American Stock Exchange
D. New York Stock Exchange
54. To list a stock on the NYSE, a company must meet
minimum requirements that include all of the
following except ____________________.
A. Firm size
B. P/E Ratio
C. Level of trading volume
16. D. Total number of stockholders
55. Which of the following indices best reflects the ten sectors
of the economy?
A. Dow Jones Industrial Average
B. Standard & Poor's 500
C. Nasdaq Composite
D. None of the above
56. Which of the following is incorrect with respect to preferred
stock?
A. Preferred stock is largely owned by other companies rather
than individual investors.
B. Preferred stock takes preference over common stock in
bankruptcy proceedings.
C. Preferred stock dividends do not grow.
D. None of these statements is incorrect.
57. Which of the following statements is incorrect?
A. Trading at the New York Stock Exchange and the American
Stock Exchange are done by open
outcry.
B. The Dow Jones Industrial Average includes 35 of the largest
companies in the U.S.
17. C. Dealers create market liquidity in the Nasdaq's electronic
market.
D. The Nasdaq contains many very large technology firms.
58. Which of the following statements is incorrect?
A. Preferred stockholders have higher precedence for payment
in the event of firm liquidation from
bankruptcy.
B. Preferred stock prices fluctuate with market interest rates
and behave like corporate bond prices.
C. Common stock price changes with the value of the company's
underlying business.
D. Preferred stock is preferred because it always pays a higher
return than common stock.
59. Sally has researched GLE and wants to pay no more than
$50 for the stock. Currently, GLE is
trading in the market for $54. Sally would be best served to:
A. use the bid-ask spread to her advantage.
B. buy using a market order.
C. buy using a limit order.
D. None of the above.
18. PROBLEMS
1. (6 points) Hoffa Masonry, Inc.’s balance sheet lists net fixed
asset as $24 million. The fixed
assets could currently be sold for $21 million. Brick's current
balance sheet shows current liabilities
of $9 million and current assets of $18 million. If all the
current accounts were liquidated today, the
company would receive $2 million cash after paying the $9
million in liabilities. What is the book
value of Brick’s assets today? What is the market value of
these assets?
2. (3 points) Last year a firm had an ROA of 4% and a dividend
payout ratio of 30%. What is the
internal growth rate?
3. (3 points) Last year a firm had an ROE of 8% and a dividend
payout ratio of 40%. What is the
sustainable growth rate?
4. (3 points) What is the future value in 2 years of $1,000
deposited today, earning a 3% interest
19. rate annually?
5. (3 points) Approximately, how many years does it take to
double a $1,000 investment when
interest rates are 6% per year?
6. (3 points) A stock investor deposited $800 seven years ago
in a non-dividend paying stock.
Today the account is valued at $600. What annual rate of return
has this investor earned?
7. (7 points) A friend wants to retire in 40 years when he is 65.
At age 25, he can invest
20. $100/month that earns 6% each year. But he is thinking of
waiting twenty years, and then
investing $250/month to catch up, earning the same 6% per
year. He feels that by investing two
and a half times as much for 20 years instead of 40 years he will
have more. What is the future
value of each of these options at age 65, and under which
scenario would he accumulate more
money?
8. (3 points) Compute the present value of a onetime payment
of $2,000 paid in four years using
the following discount rates: 2% in year 1, 3% in year 2, 3.5%
in year 3, and 2.5% in year 4.
21. 9. (4 points) Tree Trunk Furniture is advertising a deal, in
which you buy a living room set for
$3,526 (including tax) with two years before you need to pay
(no interest is incurred if you pay by
the end of the two years). How much would you need to deposit
each month in a savings account
earning 2.0% APR, compounded monthly, to be able to pay the
$3,526 bill in two years?
10. (6 points) You purchase a house for $250,000 by getting a
mortgage for $200,000 and paying a
$50,000 down payment (20%). If you get a 30-year mortgage
with a 4.0% interest rate, what
would the loan balance be in 10 years?
22. 11. (3 points) If the present value of an ordinary, 10 year
annuity is $5,000 and interest rates are
6%, what is the present value of the same annuity due?
12. (3 points) A credit card is offered with monthly payments
and a 21.99% APR. What is the
loan's effective annual rate (EAR)?
13. (4 points) Calculate the price of a 6%, $1,000 coupon bond
with 12 years left to maturity and a
market interest rate of 4%. (Assume interest payments are
semiannual.) Is this a discount or
premium bond?
23. 14. (3 points) On February 3, 2014, the Dow Jones Industrial
Average closed at $15,372.80, which
was down $326.05 from the day before. What was the return (in
percent) of the stock market that
day?
15. (4 points) Financial analysts forecast MNO Inc.’s growth for
the future to be 4%. MNO's recent
annual dividend was $2.00. What is the value of ABC stock
when the required return is 9%?
24. 16. (4 points) URN Inc. recently paid a $3.00 annual dividend.
The dividend is expected to grow at a
2% rate. At a current stock price of $25, what is the return
shareholders are expecting?
Sheet1MGT 325 Module 5 Spreadsheet Exam - this is one long
problem or caseTo do this exam you need to study the cases at
the end of Chapter 11. Remember that the cost of debtwhen
calculated is before tax and has to be converted to an after tax
return. The returns on preferred andcommon stock are already
after tax so are not adjusted which is in Chapter 10.PROBLEM
FOR CHAPTERS TEN AND ELEVENSaint Leo Manufacturing
is going to introduce a new product line and to accomplish thisit
has four projects analyzed in which it wants to invest a total of
$100 million. Your job is tofind what it will cost to raise this
amount of capital and based on the cost of capital determine
which of theprojects should be accepted by the firm to invest
in.PROJECTSABCDINVESTMENT$ 30,000,000$
20,000,000$ 25,000,000$ 25,000,000EXPECTED
RETURN10.00%14.00%11.50%16.00%The firms capital
structure consists
of:FMVCAPITALPERCENTAGEAMOUNTDEBT40%$
20,000,000PREFERRED STOCK15%$ 7,500,000COMMON
STOCK45%$ 22,500,000$ 50,000,000Other information
about the firm:CORPORATE TAX RATE35%DEBTCURRENT
PRICE$ 1,075.00ANNUAL INTEREST6.00%CURRENT
INTEREST PAID SEMIANNUALLYORIGINAL
MATURITY25YEARS, BUT NOW 20 YEARS
LEFTMATURITY VALUE$ 1,000.00FLOTATION
COSTINSIGNIFICANTMARKET YIELD PROJECTED:UP TO
$20 MILLION9%ABOVE $20 MILLION12%3 % additional
25. premiumPREFERREDCURRENT PRICE$ 35.00LAST
DIVIDEND (D0)$ 2.63FIXED AT 7.5% OF PARFLOTATION
COST$ 1.00NEXT DIVIDEND (D1)$
2.63COMMONCURRENT PRICE$ 25.00LAST DIVIDEND
(D0)$ 1.00RETAINED EARNINGS$ 10,000,000GROWTH
RATE (g)9%FLOTATION COST$ 1.50NEXT DIVIDEND
(D1)$ 1.090NOTE - Once retained earnings is maxed out new
common stock will need to be issued.Any preferred stock would
be new preferred stock. You may want to review case in
chapter 11.REQUIRED:In all of the required parts one part
builds on the previous part. If you can't do a part use theset of
other numbers to solve the next part.a. What is the current Kd,
Kp and Ke assuming no new debt or stock?b. Since any new
capital investment will require issuing new perferred stock,
what would thethe new returns be preferred stock (knp) and the
new cost of capital?c. What amount of increase (marginal cost
of capital) in capital structure will the firm runout of retained
earnings and be forced to issue new common stock?d. If new
common stock has to be issued what will the new return
required be (Kne) and thenew cost of capital?Note: All
Answers Should Be Taken Out to 2 Decimal Places, Especially
the Interest Rate Answers.Part aCurrent price$Maturity
value$Interest payment$Payment periodsYield rate%Annual
yield%Kd%Kp%Ke%Current Cost of capital%Part bUse your
solutions in Part a to do this part, but if you couldn't complete
Part a, assume Kd=4%, Kp=8%, and Ke=13%; =%Knp preferred
stock%New cost of capital%Part cIf the capital structure
increases more than$new common stock will have to be issued
to finance new projects since internally generated RE runs
out,and the required return on common stock will increase as
demanded by shareholders.Part dKne common stock%If you
could not come up with the Kne common stock returns, do the
cost of capital assuming Kd=5%, Knp=9%, and Ke=14%=%New
cost of capital%
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