FINC 331 Week 2 Homework Hints Overview This week the homework is rather more difficult than last week. What is different this week from last week is that most questions require a calculation or the understanding of the formula. That said most of the questions are straight forward. There are a few tricky ones though! These questions deal with: Days receivable Fixed Asset Turnover ratio P/E ratio, EPS and Stock price computation Alternative Financing Needed (AFN) Contribution margin Days receivable ratio (aka Days Sales Outstanding) This ratio considers the frequency with which the company collects on its outstanding Credit Sales in terms of number of days. There are two parts to this calculation: Accounts Receivable (A/R) Turnover, and then the Days Receivable. Step 1: A/R Turnover = Credit Sales ÷ Average A/R A/R turnover represents the number of times the A/R is collected in a year. Step 2: Days Sales = 365 days ÷ A/R turnover Days Sales Outstanding takes the A/R turnover and restates it into the number of days. Fixed Asset Turnover ratio This ratio helps analysts determine how efficiently a company uses its fixed assets to generate income. Fixed assets are things like buildings, equipment, land, etc. They are long-term assets that benefit the company for more than one year. Fixed assets re sometimes called PP&E which stands for property, plant and equipment. Fixed Asset TO = Net sales ÷ Net PP&E The “Net” is important in the denominator because it means that the total value of the PP&E must be adjusted for depreciation. P/E ratio and stock price (questions #12 & 13) The Price to Earnings ratio tells us the ratio of a company’s stock price to its per share of earnings (EPS). EPS is the portion of Net Income that is available for each share of outstanding common stock. EPS = (Net Income – Dividends) ÷ # of shares outstanding and P/E ratio = stock price / EPS If we know the P/E ratio and the EPS, we can determine the stock price: Stock price = P/E ratio x EPS Additional Funds Needed (AFN) question #14 When a company is forecasting its revenue and needs into the future, it usually creates Pro Forma financial statements. These statements take the goals and expectations that the company has and turns them into dollar amounts on financial statements. If a company expects to grow at a certain rate, and have costs that are a certain amount, it must be able to predict if it can pay for all of its needs. In many cases it cannot and it must seek external financing. We can compute how much external financing is need by simply making sure that the Balance Sheet balances. Remember, Assets = Liabilities + Equity. So, if we know the net income, the projected increase in assets and projected liabilities plus the retention ratio, we can compute the amount of Additional Funds Needed. The retention ratio is the ratio of the net income that the company keeps and does not pay out as.

1. FINC 331
Week 2 Homework Hints
Overview
This week the homework is rather more difficult than last week.
What is different this week from last week is that most
questions require a calculation or the understanding of the
formula. That said most of the questions are straight forward.
There are a few tricky ones though!
These questions deal with:
Days receivable
Fixed Asset Turnover ratio
P/E ratio, EPS and Stock price computation
Alternative Financing Needed (AFN)
Contribution margin
Days receivable ratio
(aka Days Sales Outstanding)
This ratio considers the frequency with which the company
collects on its outstanding Credit Sales in terms of number of
days. There are two parts to this calculation: Accounts
Receivable (A/R) Turnover, and then the Days Receivable.
Step 1:
A/R Turnover = Credit Sales ÷ Average A/R
A/R turnover represents the number of times the A/R is
collected in a year.
Step 2:
Days Sales = 365 days ÷ A/R turnover

2. Days Sales Outstanding takes the A/R turnover and restates it
into the number of days.
Fixed Asset Turnover ratio
This ratio helps analysts determine how efficiently a company
uses its fixed assets to generate income.
Fixed assets are things like buildings, equipment, land, etc.
They are long-term assets that benefit the company for more
than one year. Fixed assets re sometimes called PP&E which
stands for property, plant and equipment.
Fixed Asset TO = Net sales ÷ Net PP&E
The “Net” is important in the denominator because it means that
the total value of the PP&E must be adjusted for depreciation.
P/E ratio and stock price
(questions #12 & 13)
The Price to Earnings ratio tells us the ratio of a company’s
stock price to its per share of earnings (EPS).
EPS is the portion of Net Income that is available for each share
of outstanding common stock.
EPS = (Net Income – Dividends) ÷ # of shares outstanding
and
P/E ratio = stock price / EPS
If we know the P/E ratio and the EPS, we can determine the
stock price:
Stock price = P/E ratio x EPS
Additional Funds Needed (AFN)
question #14
When a company is forecasting its revenue and needs into the
future, it usually creates Pro Forma financial statements. These
statements take the goals and expectations that the company has
and turns them into dollar amounts on financial statements. If a

3. company expects to grow at a certain rate, and have costs that
are a certain amount, it must be able to predict if it can pay for
all of its needs. In many cases it cannot and it must seek
external financing. We can compute how much external
financing is need by simply making sure that the Balance Sheet
balances. Remember, Assets = Liabilities + Equity.
So, if we know the net income, the projected increase in assets
and projected liabilities plus the retention ratio, we can compute
the amount of Additional Funds Needed. The retention ratio is
the ratio of the net income that the company keeps and does not
pay out as a dividend.
AFN = [(Projected Increase in Assets/Last years sales) x
Change in sales] – [(Projected increase in Liabilities/last years
Sales) x change in sales] - (retention ratio x net income)
I know this looks like a crazy formula, but just plug the
numbers in.
Contribution Margin per unit
(question #17
Contribution margin represents the difference between the
Revenue and the variable costs associated with generating that
revenue.
CM = Revenue – Variable costs
or CM per unit = price per unit – variable costs
However, the question is not this straight forward. You must
first compute the variable costs, and to do this you must know
the order of items on a Contribution Margin Income statement.
Revenue
- Variable Costs
= Contribution Margin
- Fixed Costs
= Net Income
See next slide…

4. Contribution Margin continued
By plugging in the numbers given in the problem, you can
compute the total variable costs.
Then, taking the price per unit information we can compute the
number of units sold
# of units = Revenue ÷ $sales price/unit
Once you know the total variable costs and the number of units,
you can compute the variable cost per unit.
Total Variable costs ÷ #units sold = VC per unit
Finally we can compute the Contribution margin per unit.
Price per unit – VC per unit = CM per unit
COUN 6100: Introduction to Clinical Mental Health Counseling
Final Project Overview ~ Final Project Details ~ Final Project
Sections ~ Timeline for Completion Overview of Final Project
Sections
Part 3 of the Final Project consists of two sections, summarized
below.
Section 1: Narrative Summation of Interview
Your summation should be presented as a narrative rather than a
listing of questions and answers. It is recommended that you
audiotape the interview so that you may review it as you
complete the Final Project.
For the interview, use the following questions. Several
questions relate to topics covered in this course so that you may
gain an understanding of how the course topics apply to the life
of a counselor. If a question is related to a weekly topic, the
week number is indicated in parentheses after the question.
Interview Questions
1. Describe your motivation for becoming a mental health
counselor.
2. How is the profession of counseling unique within the
helping professions? How does it differ from psychology or

5. social work? (Week 3)
3. What are your thoughts on the current labor market for
counselors?
4. Can you describe what a normal day looks like for you as you
do your job?
5. What ethical and legal issues do you have to keep in mind
each day? (Week 4)
6. How does understanding and respecting multiculturalism help
you as a counselor? (Week 8)
7. How have you engaged in advocacy (for clients, for the
profession)? If so, what did that involve and how did it go?
(Week 9)
8. What do you do to maintain self-care and wellness? (Week 2)
9. What’s the best piece of advice you can give me as a
counselor-in-training?
10. Add one additional question of your own choosing.
© 2018 Walden University 3
COUN 6100: Introduction to Clinical Mental Health Counseling
Write up this section of your paper as a narrative rather than as
a list of questions and answers. Use citations to the Learning
Resources to demonstrate your application and mastery of
concepts from this course. For example, how does what your
interviewee said about ethics relate to what you learned in the
course?
Section 2: Reflection
In this section, you reflect on both the interview and the course.
In your reflection, respond to the questions below. Your
reflection should be presented as a narrative rather than a listing
of questions and answers.
1. Consider your response to the Week 1 Spark Discussion
question. How has your vision changed over the past 10 weeks?
What is the same? What new insights have you gained?
2. What did you learn from the interview that you did not learn
in the course?
3.

6. What,ifanything,didyoulearnfromtheinterviewthatcontrastedwith
whatyou learned in the course?
4.
Whatdoyouanticipatetheimpactofbeingaclinicalmentalhealthcoun
selor may be on who you are personally?
© 2018 Walden University 4
COUN 6100: Introduction to Clinical Mental Health Counseling
Final Project Overview ~ Final Project Details ~ Final Project
Sections ~ Timeline for Completion
Timeline and Tasks for Completing the Final Project
Module 1 Module 2
Week 1 Week 2 Week 3 Week 4 Week 5 Week 6
Suggested Tasks
· Determine the population and setting to focus on for the
project.
· Identify potential counselors to interview.
· Make contact with potential interviewees.
· Schedule an interview.
Module 3
Week 7
Required Task
• Submit by Day 7 a brief (1 page) paper in which you
identify your selected interview subject and explain why you
have selected that person.
Week 8 Week 9
Suggested Tasks
· Schedule the interview.
· Prepare for the interview.
· Interview the counselor (by the end of Week 9).
· Draft the Final Project.
· Make an appointment with Walden Writing Center tutor
to review draft.
· Incorporate the tutor’s suggestions into final version of

7. project.
Module 4
Week 10
Required Task
• Submit by Day 7 your completed 5- to 7-page Final
Project.
© 2018 Walden University 5
Running head: ASSIGNMENT WK7 1
2
ASSIGNMENT WK7
Assignment Week 7: Interview Subject
Student Name
Walden University
Assignment Week 7: Interview Subject
This is where you will briefly introduce the topic of this
paper in one short paragraph.
Licensed Mental Health Counselor Interviewee
This is where you will introduce the counselor you plan
to interview for your Final Project.
Relevant Information
Under this heading, you will describe your interviewee. Please
be sure to include the interviewee’s training (i.e. graduate
institution and degree) and licensure/certification information.
Explanation of Selection
Follow the guidelines of this assignment to explain why

8. you have chosen this person to interview.
Your paper should be no more than 1 page, double-spaced.
Final Project: Part 1: Identify Your Interview
Subject
I’m Interviewing a therapist at a plae called Liferenewal
Services. https://www.liferenewalservices.net/
The person I will interview is a LGPC
In Week 5, you began work on your Final Project by finding
websites and online tools to aid in the selection of an interview
subject. This week, you will put those sources to use by
searching for and identifying your interview subject.
For Part 1 of your Final Project, you will identify the mental
health counselor you selected as the interview subject for your
Final Project. You will provide a full description of the
interview subject, and you will explain why you selected this
counselor to interview.
To Prepare:
· Review the Final Project Overview in this week’s Learning
Resources.
· Identify the licensed mental health counselor you have
selected to interview.
Assignment (1 page):
Using the Final Project Interview Subject Template in this
week’s Learning Resources, write a one page summary and
include:
· Who you are interviewing.
· Describe his or her professional license, setting,
population/specialization, and any other relevant information.
· Explain why you selected this counselor to interview.

9. · Even though this assignment is only 1 page, you are expected
to apply the same APA format and style and scholarly writing
requirements that you have applied to other formal writing
assignments in this course.
Support your Final Project Part 1 Assignment by citing all
resources in APA format and style, including those in the
Learning Resources. Be sure to include a reference page for
your resources.