Kantian ethics, and Utilitarianism. Choose the theory that you think is better out of these two and briefly describe it. Then discuss why you think this is the better of these two theories.
Can you think of a moral rule that all cultures follow (that you are aware of)? If so, what is this rule and why does every culture practice this moral rule? If not, do you think that there is a moral rule that every culture should practice? What does your answer say about cultural relativism and why?
Choose one of the following theorists - Hobbes, Locke, Rousseau, or Rawls - and briefly describe their views of human nature and their version of the social contract. Then, explain why you chose to discuss this theorist in particular.
One of the biggest objections to Virtue Ethics is that there is no consensus on what counts as a virtue. List two qualities that you believe are virtuous and explain why you feel this way. Given this, do you think that there are any general criteria we can use to decide whether an action is virtuous or not? Why?
Do you think that we have a moral obligation to treat animals well? Why or why not? Does our moral obligation include not eating them?
Moral antirealism, or moral non-objectivism, claims that here are no objective moral rules. If such theories are true, is there any way that we could determine whether something is 'good' or 'bad'? If so, how? If not, why? Finish your post by explaining your views on the idea of moral non-objectivism - do you agree or disagree with this theory? Does it have any merit in its claims?
To what extent have your choices in life been a result of free will? Given this, which theory do you agree with most and why: fatalism, determinism, or existentialism?
FINC 340 INVESTMENTS
FINAL EXAMINATION_04
DIRECTIONS: Here is the Final Examination Question Sheet. Please submit your Final Examinaiton Answer Sheet to your Final Examination Folder.
Please submit your Midterm Examination MS Word format with the following file name: LastNameFirstInitial_MidtermExamAnswerSheet.docx. For example, if you name is John Smith, the file name of your Answer Sheet should be SmithJ_MidtermExamAnswerSheet.docx.
NAME: _____________________________________
Quiz Number
Question
Answer
1
A company has paid $2 per share in dividends for the past several years and plans to continue to do so indefinitely. If an investor’s required return is 13%, what is the most she should pay for a share of this firm’s stock?
A:$15.38
B:$20.00
C:$22.60
D:$26.13
E:$65.00
2
Bond mutual funds offer the following advantages over direct investment in bonds EXCEPT:
A:Better diversification
B:Transaction cost economies
C:Buy and sell individual bonds at individual investor’s discretion
D:Reinvestment of intermediate cash flows
E:Better liquidity
3
A $1,000 par value bond with a 5% coupon that pays interest semiannually and matures in 2 ½ years and has a current price of $977. What is the annualized yield to maturity?
A:3.0%
B:4 ...
ACCT 3220
Fall 2013
Group Exercise #4
Sapienti Co. sells $400,000 of 12% bonds on June 1, 2014, the contract date. The bonds pay interest on December 1 and June 1. The due date of the bonds is June 1, 2018. The bonds yield 10%. After the second interest payment, Sapienti buys back the bonds when the market interest rate is 8%.
Required:
1. Record the journal entry for the issuance of the bond.
2. Record the journal entry for the first interest payment.
3. Record the journal entry on December 31, 2014.
4. Record the journal entry for the second interest payment.
5. Record the journal entry for the buy back of the bonds.
1
Question: If inflation is anticipated to be 5 percent during the next year, while the real rate of interest for a one-year loan is 5 percent, then what should the nominal rate of interest be for a risk-free one-year loan?
A
5 percent
B
10 percent
C
25 percent
D
None of the above
2
Question: Which one of the following statements is not true?
A
The value of a dollar invested at a positive interest rate grows over time
B
The further in the future you receive a dollar, the less it is worth today
C
A dollar in hand today is worth more than a dollar to be received in the future
D
The further in the future you receive a dollar, the more it is worth today
3
Question: Efficiency ratio: Jet, Inc., has net sales of $712,478 and accounts receivables of $167,435. What are the firm's accounts receivables turnover and days' sales outstanding?
A
0.24 times; 78.5 days
B
4.26 times; 85.7 days
C
5.2 times; 61.3 days
D
None of the above
4
Question: If you have loaned capital to a firm, then you could be
A
A shareholder
B
A stakeholder
C
A partner
D
All of the above
5
Question: Which one of the following is not an advantage of using ROE as a goal?
A
ROE is highly correlated with shareholder wealth maximization
B
ROE and the DuPont analysis allow management to break down the performance and identify areas of strengths and weaknesses
C
ROE does not consider risk
D
All of the above are advantages of using ROE as a goal
6
Question: The future value of multiple cash flows is
A
Greater than the sum of the cash flows
B
Equal to the sum of all the cash flows
C
Less than the sum of the cash flows
D
None of the above
7
Question: The major players in the direct financial markets are
A
Investment banks
B
Money center banks
C
Regional banks
D
Both A and B
8
Question: One of the main services offered by investment banks to companies is
A
Helping companies sell new debt or equity issues in the security markets
B
Making loans to companies
C
Taking deposits from companies
D
All of the above
9
Question: Shane Matthews has invested in an investment that will pay him $6,200, $6,450, $7,225, and $7,500 over the next four years. If his opportunity cost is 10 percent, what is the future value of the cash flows he will receive? (Round to the nearest dollar.)
A
$27,150
B
$29,900
C
$30,455
D
$3.
FIN 571 Effective Communication - snaptutorial.comdonaldzs14
For more classes visit
www.snaptutorial.com
Assignment Steps
Resources: Yahoo Finance
Select a Fortune 500 Company from one of the following industries:
• Pharmaceutical
Fin 571 Education Organization-snaptutorial.comrobertlesew11
For more classes visit
www.snaptutorial.com
Assignment Steps
Resources: Yahoo Finance
Select a Fortune 500 Company from one of the following industries:
• Pharmaceutical
• Energy
• Retail
• Automotive
• Computer Hardware
• Manufacturing
FIN 571 Exceptional Education - snaptutorial.comDavisMurphyB2
For more classes visit
www.snaptutorial.com
Assignment Steps
Resources: Yahoo Finance
Select a Fortune 500 Company from one of the following industries:
• Pharmaceutical
• Energy
• Retail
For more classes visit
www.snaptutorial.com
Assignment Steps
Resources: Yahoo Finance
Select a Fortune 500 Company from one of the following industries:
• Pharmaceutical
• Energy
• Retail
• Automotive
Outline for the Diversity Management Proposal1) Problem A thoro.docxalfred4lewis58146
Outline for the Diversity Management Proposal
1) Problem: A thorough description of the problem or opportunity
a. Include a summary of how your problem or opportunity is a diversity issue (written from the reader’s perspective)
b. What is being lost if you solution is not adopted?
c. An analysis of the factors contributing to the problem or opportunity should include answers to questions like:
i. Who does it affect?
ii. Where does it impact the business the most?
iii. When did the problem start and how long has it been going on?
iv. What are the business implications of the problem? (These implications should be quantifiable and affect the reader’s job.)
d. Be specific. Provide numbers or other measures to support your points.
2)
Solution
: how will your proposal solve the problem or allow the company to take advantage of the opportunity?
a. State your solution clearly.
b. Identify your top three criteria for selecting this solution as the “best” one. (Examples: Timing? Cost? Revenue?) Compare this chosen solution to other less-favorable options.
c. Consider objections and provide support for your solution before these objections are voiced/considered.
d. Who needs to be involved in the solution?
e. How will your solution make the problem you identified better, or what are the resulting benefits? (this should be specific and measurable and address the analysis in your problem statement)
f. Why must the solution be implemented now?
3) The plan:
a. Detail the plan of action or implementation
b. Set a schedule with specific deadlines.
c. What resources will you need? Where will they come from?
d. Review the challenges that must be overcome to implement this plan and make suggestions for overcoming them.
e. Suggest a control method for evaluating the success of the plan. (How will you measure success?)
4) Conclusion:
a. Briefly summarize key points focusing primarily on how the organizational will be better once they implement your solution
b. End with a call to action
Principles of Accounting 2
1) Issued stock is:
A) Authorized shares of stock that can be sold.
B) Stock only sold to another company
C) Shares sold and in stockholders’ possession
D) Stock sold to stockholders.
2) In the statement of cash flows, which event would cause net income to be increased?
A) A decrease in Inventory
B) An increase in Prepaid Insurance
C) A decrease in Accounts Payable
D) An increase in Accounts Receivable
3) Finished Goods Inventory appears on which of the following statements on the worksheet?
A) Statement of cost of goods manufactured and income statement
B) Statement of cost of goods manufactured and balance sheet
C) Income statement and balance sheet
D) Income statement and cost of goods sold statement
4) One reason a corporation might issue bonds rather than sell stock is that:
a. Bond interest is a tax-deductible expense
b. Interest rates are high
c. Dividends will lower th.
Fin 571 Believe Possibilities / snaptutorial.comDavis17a
For more classes visit
www.snaptutorial.com
Assignment Steps
Resources: Yahoo Finance
Select a Fortune 500 Company from one of the following industries:
• Pharmaceutical
Fin 571 Enhance teaching / snaptutorial.comBaileya4
For more classes visit
www.snaptutorial.com
Assignment Steps
Resources: Yahoo Finance
Select a Fortune 500 Company from one of the following industries:
• Pharmaceutical
• Energy
• Retail
• Automotive
• Computer Hardware
• Manufacturing
• Mining
Access Yahoo Finance and enter the company
ACCT 3220
Fall 2013
Group Exercise #4
Sapienti Co. sells $400,000 of 12% bonds on June 1, 2014, the contract date. The bonds pay interest on December 1 and June 1. The due date of the bonds is June 1, 2018. The bonds yield 10%. After the second interest payment, Sapienti buys back the bonds when the market interest rate is 8%.
Required:
1. Record the journal entry for the issuance of the bond.
2. Record the journal entry for the first interest payment.
3. Record the journal entry on December 31, 2014.
4. Record the journal entry for the second interest payment.
5. Record the journal entry for the buy back of the bonds.
1
Question: If inflation is anticipated to be 5 percent during the next year, while the real rate of interest for a one-year loan is 5 percent, then what should the nominal rate of interest be for a risk-free one-year loan?
A
5 percent
B
10 percent
C
25 percent
D
None of the above
2
Question: Which one of the following statements is not true?
A
The value of a dollar invested at a positive interest rate grows over time
B
The further in the future you receive a dollar, the less it is worth today
C
A dollar in hand today is worth more than a dollar to be received in the future
D
The further in the future you receive a dollar, the more it is worth today
3
Question: Efficiency ratio: Jet, Inc., has net sales of $712,478 and accounts receivables of $167,435. What are the firm's accounts receivables turnover and days' sales outstanding?
A
0.24 times; 78.5 days
B
4.26 times; 85.7 days
C
5.2 times; 61.3 days
D
None of the above
4
Question: If you have loaned capital to a firm, then you could be
A
A shareholder
B
A stakeholder
C
A partner
D
All of the above
5
Question: Which one of the following is not an advantage of using ROE as a goal?
A
ROE is highly correlated with shareholder wealth maximization
B
ROE and the DuPont analysis allow management to break down the performance and identify areas of strengths and weaknesses
C
ROE does not consider risk
D
All of the above are advantages of using ROE as a goal
6
Question: The future value of multiple cash flows is
A
Greater than the sum of the cash flows
B
Equal to the sum of all the cash flows
C
Less than the sum of the cash flows
D
None of the above
7
Question: The major players in the direct financial markets are
A
Investment banks
B
Money center banks
C
Regional banks
D
Both A and B
8
Question: One of the main services offered by investment banks to companies is
A
Helping companies sell new debt or equity issues in the security markets
B
Making loans to companies
C
Taking deposits from companies
D
All of the above
9
Question: Shane Matthews has invested in an investment that will pay him $6,200, $6,450, $7,225, and $7,500 over the next four years. If his opportunity cost is 10 percent, what is the future value of the cash flows he will receive? (Round to the nearest dollar.)
A
$27,150
B
$29,900
C
$30,455
D
$3.
FIN 571 Effective Communication - snaptutorial.comdonaldzs14
For more classes visit
www.snaptutorial.com
Assignment Steps
Resources: Yahoo Finance
Select a Fortune 500 Company from one of the following industries:
• Pharmaceutical
Fin 571 Education Organization-snaptutorial.comrobertlesew11
For more classes visit
www.snaptutorial.com
Assignment Steps
Resources: Yahoo Finance
Select a Fortune 500 Company from one of the following industries:
• Pharmaceutical
• Energy
• Retail
• Automotive
• Computer Hardware
• Manufacturing
FIN 571 Exceptional Education - snaptutorial.comDavisMurphyB2
For more classes visit
www.snaptutorial.com
Assignment Steps
Resources: Yahoo Finance
Select a Fortune 500 Company from one of the following industries:
• Pharmaceutical
• Energy
• Retail
For more classes visit
www.snaptutorial.com
Assignment Steps
Resources: Yahoo Finance
Select a Fortune 500 Company from one of the following industries:
• Pharmaceutical
• Energy
• Retail
• Automotive
Outline for the Diversity Management Proposal1) Problem A thoro.docxalfred4lewis58146
Outline for the Diversity Management Proposal
1) Problem: A thorough description of the problem or opportunity
a. Include a summary of how your problem or opportunity is a diversity issue (written from the reader’s perspective)
b. What is being lost if you solution is not adopted?
c. An analysis of the factors contributing to the problem or opportunity should include answers to questions like:
i. Who does it affect?
ii. Where does it impact the business the most?
iii. When did the problem start and how long has it been going on?
iv. What are the business implications of the problem? (These implications should be quantifiable and affect the reader’s job.)
d. Be specific. Provide numbers or other measures to support your points.
2)
Solution
: how will your proposal solve the problem or allow the company to take advantage of the opportunity?
a. State your solution clearly.
b. Identify your top three criteria for selecting this solution as the “best” one. (Examples: Timing? Cost? Revenue?) Compare this chosen solution to other less-favorable options.
c. Consider objections and provide support for your solution before these objections are voiced/considered.
d. Who needs to be involved in the solution?
e. How will your solution make the problem you identified better, or what are the resulting benefits? (this should be specific and measurable and address the analysis in your problem statement)
f. Why must the solution be implemented now?
3) The plan:
a. Detail the plan of action or implementation
b. Set a schedule with specific deadlines.
c. What resources will you need? Where will they come from?
d. Review the challenges that must be overcome to implement this plan and make suggestions for overcoming them.
e. Suggest a control method for evaluating the success of the plan. (How will you measure success?)
4) Conclusion:
a. Briefly summarize key points focusing primarily on how the organizational will be better once they implement your solution
b. End with a call to action
Principles of Accounting 2
1) Issued stock is:
A) Authorized shares of stock that can be sold.
B) Stock only sold to another company
C) Shares sold and in stockholders’ possession
D) Stock sold to stockholders.
2) In the statement of cash flows, which event would cause net income to be increased?
A) A decrease in Inventory
B) An increase in Prepaid Insurance
C) A decrease in Accounts Payable
D) An increase in Accounts Receivable
3) Finished Goods Inventory appears on which of the following statements on the worksheet?
A) Statement of cost of goods manufactured and income statement
B) Statement of cost of goods manufactured and balance sheet
C) Income statement and balance sheet
D) Income statement and cost of goods sold statement
4) One reason a corporation might issue bonds rather than sell stock is that:
a. Bond interest is a tax-deductible expense
b. Interest rates are high
c. Dividends will lower th.
Fin 571 Believe Possibilities / snaptutorial.comDavis17a
For more classes visit
www.snaptutorial.com
Assignment Steps
Resources: Yahoo Finance
Select a Fortune 500 Company from one of the following industries:
• Pharmaceutical
Fin 571 Enhance teaching / snaptutorial.comBaileya4
For more classes visit
www.snaptutorial.com
Assignment Steps
Resources: Yahoo Finance
Select a Fortune 500 Company from one of the following industries:
• Pharmaceutical
• Energy
• Retail
• Automotive
• Computer Hardware
• Manufacturing
• Mining
Access Yahoo Finance and enter the company
STUDY GUIDE 1. What is the beta of a firm whose equity ha.docxpicklesvalery
STUDY GUIDE
1. What is the beta of a firm whose equity has an expected return of 21.30%, the risk-free rate is 7%, and
the expected return on the stock market is 18%?
2. Two reasons for the agency problem in modern corporations is:
A. Dispersion of ownership,
B. Managers know how to manage the firm better than stockholders,
C. Separation of ownership and control of the firm,
D. [A] and [C].
3. Capital budgeting includes the evaluation of which of the following?
A. Size of future cash flows only
B. Size and timing of future cash flows
C. Timing and risk of future cash flows
D. Risk and size of future cash flows only
E. Size, timing, and risk of future cash flows
4. According to corporate finance, the financial manager is responsible for:
A. Capital budgeting,
B. The Financing decision,
C. Dividend policy,
D. All of the above.
5. The primary goal of a corporate finance manager is to maximize:
A. Current profits
B. Market share
C. Number of shares outstanding
D. Value of the firm
E. Revenue growth
6. Which of the following direct incentives may align management goals with shareholder interests?
I. Employee stock options
II. Threat of a takeover
III. Management bonuses tied to performance goals
IV. Threat of a proxy fight
A. I and III only
B. II and IV only
C. I, II, and III only
D. I, III, and IV only
E. I, II, III, and IV
7. The group of stakeholders of a firm includes:
A. Anyone with a direct or indirect interest in the firm as an ongoing business concern.
B. Anyone with control of the firm.
8. The net present value of any investment represents the difference between the investments:
A. cash inflows and outflows.
B. cost and its net profit.
C. cost and its market value.
D. cash flows and its profits.
E. assets and liabilities.
9. The payback period is the length of time it takes an investment to generate sufficient cash flows to
enable the project to:
A. produce a positive annual cash flow.
B. produce a positive cash flow from assets.
C. offset its fixed expenses.
D. offset its total expenses.
E. recoup its initial cost.
10. Which one of the following defines the internal rate of return for a project?
A. Discount rate that creates a zero cash flow from assets
B. Discount rate that results in a zero net present value for the project
C. Discount rate that results in a net present value equal to the project's initial cost
D. Rate of return required by the project's investors
E. The project's current market rate of return
11. Both Projects A and B are acceptable as independent projects. However, the selection of either one
of these projects eliminates the option of selecting the other project. Which one of the following terms
best describes the relationship between Project A and Project B?
A. Mutually exclusive
B. Conventional
C. Multiple choice
D. Dual return
E. Crosswise
12. Which one of the ...
Webster’s dictionary defines synthesisas The combining of separa.docxmelbruce90096
Webster’s dictionary defines synthesisas: “The combining of separate elements or substances to form a coherent whole”. Throughout the journals in this course you will have the opportunity to synthesize each chapter, or, as Webster would say, combine elements of the chapter you think were especially poignant to form a short paragraph that captures it as a whole. Your synthesis of Chapter Two should be between 200-300 words, be written in only your words (i.e., no quotes, paraphrase, etc.), and capture the essence (essential points) of the chapter concepts.
After reading Chapter 2, I am more aware of how important it is to make sure that all children
have the opportunity to learn in all the different categories of styles. All children are different
and come from different backgrounds and lifestyles therefore it is up to the teacher to really get
to know who he/she is teaching so that lesson plans can be completed to fit every student. Even
though students learn at different levels they can all finish a school year in the same place if the
teacher stays on top of things. Part of planning lessons is to know what interests your students
and then plan from there. The curriculum is set at the beginning of the year for the grade levels
but the teacher can change things around to make it more interesting for the students and keep
them focused. In am big on students working in groups reason being is that they can excel in
groups. The children that are ready to move ahead in certain areas can do so and the children that
need a little additional help can also get that.
LESSON 1
1. Which of the following would result in a decrease in cash flow and a use of cash?
A. A decrease in notes payable
B. An increase in long-term debt
C.A decrease in inventory
D. A decrease in common stock
2. In the United States, for the 2007 tax year, federal corporate income tax rates never exceeded an average rate of
A. 15%. C. 39%.
B. 35%. D. 34%.
3. A firm has assets of $60,000 and owners’ equity of $33,000. Which of the following is the correct balance of the firm’s liabilities?
A. $33,000 C. $93,000
B. $27,000 D. $60,000
4. Which of the following would result in an increase in cash flow and a source of cash?
A. A decrease in notes payable
B. A decrease in long-term debt
C. An increase in inventory
D. An increase in common stock
5. A firm has current assets of $10,000 and current liabilities of $7,000. Which of the following is the correct net working capital for the firm?
A. $10,000 C. $3,000
B. $7,000 D. $13,000
6. If a firm has an accounts receivable balance of $18,800 at the end of 2007 and $16,500 at the end of 2008, which of the following statements about accounts receivable is correct?
A. Accounts receivable decreased by $2,300 and represented a use of cash.
B. Accounts receivable increased by $2,300 and represented a source of cash.
C. Accounts receivable decreased by $2,300 and represented a source of cash.
D. Accounts receivable increased by $2,300 an.
Questions 1 to 30 Select the best answer to each question. No.docxmakdul
Questions 1 to 30: Select the best answer to each question. Note that a question and its answers may
be split across a page
break, so be sure that you have seen the entire question and all the answers before choosing an
answer.
1. If you deposit $700 in an account today, and the money grows to $1,800 in 14 years,
what rate of
annual interest have you earned?
A. 50 percent
B. 4 percent
C. 7 percent
D. 10 percent
2. If you deposit $10,000 in an investment that yields 6 percent annually, how many years
will it take for
your investment to double in value?
A. 20 years
B. 15 years
C. 12 years
D. 18 years
3. Accountants suggest that assets should be valued at
A. the lower of market or cost.
B. the higher of market or cost.
C. market.
D. cost.
4. What is the required return using the CAPM if the stock's beta is 1.2, and the
individual, who expects
the market to rise by 13.2%, can earn 6.4% invested in a risk-free Treasury bill?
A. 9.46%
B. 24.58%
C. 11.62%
D. 14.56%
5. If annual interest rates are 10 percent, which of the following values is the lowest?
A. The future value of a $100 investment after 3 years
B. The future value of an investment after 4 years, if $100 is deposited annually
C. The present value of an annuity that will pay $200 a year, at the end of each of the next 4 years
D. The present value of an investment that will be worth $100 after 2 years
6. What is the future value of an annuity due if you deposit $1,500 per year for the next 5
years into an
account that earns an interest rate of 5 percent annually?
A. $8,703
B. $7,500
C. $8,288
D. $11,914
7. If $800 is deposited in a savings account that pays an interest rate of 5 percent
annually, how much
money will be in the account after 15 years?
A. $384
B. $238
C. $1,609
D. $1,663
8. Which of the following would be the most likely cause of an increase in inventory
turnover?
A. The faster collection of accounts receivable
B. Lowered sales
C. An increase in the inventory level
D. A reduction in the price of the product
9. Liabilities equal
A. assets minus equity.
B. equity minus assets.
C. assets.
D. equity.
10. To measure risk, the capital asset pricing model uses
A. beta.
B. an asset's standard deviation.
C. the volatility of an asset's cash flows.
D. the term during which the asset is held.
11. What is the future value of an ordinary annuity if you deposit $1,500 per year for the
next 5 years into
an account that earns an interest rate of 5 percent annually?
A. $1,914
B. $8,288
C. $6,322
D. $7,500
12. An investor my reduce risk by selecting
A. a cross-section of firms in the same industry.
B. stocks with poorly correlated returns.
C. stocks traded on organized exchanges.
D. high beta stocks.
13. What is the future value of an ordinary annuity if you deposit $500 per year for the
next 10 years in an
account that earns an interest rate of 4 ...
MBA 640 Final Project Milestone Two Guidelines and Rubric .docxalfredacavx97
MBA 640 Final Project Milestone Two Guidelines and Rubric
Overview: The final project for this course is the creation of an external capital funding proposal.
Most businesses face a landscape of uncertainty and a never-ending stream of risks and opportunities. Managers must continually project the likely financial
impact of decisions, make recommendations, act on those decisions, determine how to pay for them, and evaluate the costs and effectiveness of what has been
done. Many decisions are short-term, routine, and operational. Others are longer-term investment decisions that require substantial new resources, such as
developing new services, expanding into new geographic markets, or undertaking business combinations or spin-offs. Each requires managers to forecast, plan,
and make decisions based on a thorough understanding of both internal and external factors that can affect a company’s financial success.
For the summative assessment in this course, you will bring your finance and economics knowledge to bear by preparing an external capital funding proposal for
a major international investment at a publicly traded corporation. In order to secure the support of potential financial backers, your proposal will need to lay out
what the proposed investment opportunity is, how it fits within the company’s broader mission and goals, its financial impact, and the amount being requested
and why (including alternative funding mechanisms considered). In addition, it will also need to include information on the organization’s context, risk factors,
and microeconomic assumptions that could affect the success of the investment.
Prompt: Submit a paper that addresses critical element IV, Risks, of the final project. Discuss any risks that might affect the success of the project and how you
have planned for those contingencies.
Note: The risks (and opportunities) you identify should demonstrate your understanding of the company you selected, the industry, the investment project you
are proposing, and your project’s country and timing. Your estimates of financial impacts will be only preliminary; you will most likely revise them in your final
submission at the end of Module Nine.
Specifically, the following critical elements must be addressed:
Section IV Risks:
1. Internal. What are the company’s most significant internal risks and opportunities related to the project? How might they affect your financial estimates
and how will you address them? Support your response with specific examples.
2. External. How will you address significant qualitative risks outside the company that might affect project success? Give specific examples. For example,
how might culture or politics in the target country affect the proposed investment’s financial success? Natural disasters? How have you planned for
these risks?
3. Microeconomic. Assess the microeconomic factors that might affect decisions about the proposed investment. .
Q_FIN 571 Final Exam.docFinal ExamPlease provide your answ.docxcatheryncouper
Q_FIN 571 Final Exam.doc
Final Exam
Please provide your answers as follows in the Assignment newsgroup (Excel spreadsheet is preferred):
1. A
2. B
3. B, etc
Chapter 1 The Goals and Functions of Financial Management
Multiple Choice Questions
1. What is the primary goal of financial management?
A) Increased earnings
B) Maximizing cash flow
C) Maximizing shareholder wealth
D) Minimizing risk of the firm
2. The partnership form of organization
A) avoids the double taxation of earnings and dividends found in the corporate form of organization.
B) usually provides limited liability to the partners.
C) has unlimited life.
D) simplifies decision making.
3. Increased productivity due to technology has
A) increased corporations' reliance on debt for capital expansion needs.
B) created larger asset values on the firm's historical balance sheet.
C) made it cheaper (in terms of interest costs) for firms to borrow money.
D) helped to keep corporate costs in check.
4. Insider trading occurs when
A) someone has information not available to the public which they use to profit from trading in stocks.
B) corporate officers buy stock in their company.
C) lawyers, investment bankers, and others buy common stock in companies represented by their firms.
D) any stock transactions occur in violation of the Federal Trade Commissions restrictions on monopolies.
Chapter 2 Review of Accounting
5. When a firm's earnings are falling more rapidly than its stock price, its P/E ratio will:
A) remain the same
B) go up
C) go down
D) could go either up or down
6. The net worth of a firm
A) is usually the same as the firm's market value.
B) is based on current asset costs.
C) is based on current liabilities.
D) none of the above.
7. A statement of cash flows allows a financial analyst to determine
A) whether a cash dividend is affordable.
B) how increases in asset accounts have been financed.
C) whether long-term assets are being financed with long-term or short-term financing.
D) all of the above
8. A firm has $200,000 in current assets, $400,000 in long-term assets, $80,000 in current liabilities, and $200,000 in long-term liabilities. What is its net working capital?
A) $120,000
B) $320,000
C) $520,000
D) none of the above
Chapter 3 Financial Analysis
Multiple Choice Questions
9. The ______________ method of inventory costing is least likely to lead to inflation-induced profits.
A) FIFO
B) LIFO
C) Weighted average
D) Lower of cost or market
10. The Bubba Corp. had net income before taxes of $200,000 and sales of $2,000,000. If it is in the 50% tax bracket its after-tax profit margin is:
A) 5%
B) 12%
C) 20%
D) 25%
11. XYZ's receivables turnover is 10x. The accounts receivable at year-end are $600,000. The average collection period is 90 days (3 months). What was the sales figure for the year?
A) $60,000
B) $6,000,000
C) $24,000,000
D) none of the above
12. A firm ha ...
•Reflective Log•Your reflective log should include the.docxtawnyataylor528
•
Reflective Log
•
Your
reflective
log
should include the following
•
What was your role within the business simulation company?
Demonstrate how you used the resources critically to make decisions
while you were running the company.
.
•The philosophers Thomas Hobbes and John Locke disagreed on the un.docxtawnyataylor528
•The philosophers Thomas Hobbes and John Locke disagreed on the understanding of political authority, with Locke taking what is commonly called the “liberal” view. Choose a side (be brave perhaps; take a side you actually disagree with). Using the writings of each given in our class text or at the Websites below, make your case for the side you chose and against the other side. Identify one (1) modern situation in the world where these issues are significant.
Philosophers Debate Politics
•Chapter 24 (pp. 768-9)
•Hobbes: text at
http://oregonstate.edu/instruct/phl302/texts/hobbes/leviathan-contents.html
;
Summary at http://plato.stanford.edu/entries/hobbes-moral/; also
http://jim.com/hobbes.htm
•Locke: text at http://www.thenagain.info/Classes/Sources/Locke-2ndTreatise.html; General
background of the concept at
http://www.digitalhistory.uh.edu/teachers/lesson_plans/pdfs/unit1_12.pdf
.
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2. Two reasons for the agency problem in modern corporations is:
A. Dispersion of ownership,
B. Managers know how to manage the firm better than stockholders,
C. Separation of ownership and control of the firm,
D. [A] and [C].
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B. Size and timing of future cash flows
C. Timing and risk of future cash flows
D. Risk and size of future cash flows only
E. Size, timing, and risk of future cash flows
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C. Dividend policy,
D. All of the above.
5. The primary goal of a corporate finance manager is to maximize:
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III. Management bonuses tied to performance goals
IV. Threat of a proxy fight
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B. Anyone with control of the firm.
8. The net present value of any investment represents the difference between the investments:
A. cash inflows and outflows.
B. cost and its net profit.
C. cost and its market value.
D. cash flows and its profits.
E. assets and liabilities.
9. The payback period is the length of time it takes an investment to generate sufficient cash flows to
enable the project to:
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B. produce a positive cash flow from assets.
C. offset its fixed expenses.
D. offset its total expenses.
E. recoup its initial cost.
10. Which one of the following defines the internal rate of return for a project?
A. Discount rate that creates a zero cash flow from assets
B. Discount rate that results in a zero net present value for the project
C. Discount rate that results in a net present value equal to the project's initial cost
D. Rate of return required by the project's investors
E. The project's current market rate of return
11. Both Projects A and B are acceptable as independent projects. However, the selection of either one
of these projects eliminates the option of selecting the other project. Which one of the following terms
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B. Conventional
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and come from different backgrounds and lifestyles therefore it is up to the teacher to really get
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LESSON 1
1. Which of the following would result in a decrease in cash flow and a use of cash?
A. A decrease in notes payable
B. An increase in long-term debt
C.A decrease in inventory
D. A decrease in common stock
2. In the United States, for the 2007 tax year, federal corporate income tax rates never exceeded an average rate of
A. 15%. C. 39%.
B. 35%. D. 34%.
3. A firm has assets of $60,000 and owners’ equity of $33,000. Which of the following is the correct balance of the firm’s liabilities?
A. $33,000 C. $93,000
B. $27,000 D. $60,000
4. Which of the following would result in an increase in cash flow and a source of cash?
A. A decrease in notes payable
B. A decrease in long-term debt
C. An increase in inventory
D. An increase in common stock
5. A firm has current assets of $10,000 and current liabilities of $7,000. Which of the following is the correct net working capital for the firm?
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B. $7,000 D. $13,000
6. If a firm has an accounts receivable balance of $18,800 at the end of 2007 and $16,500 at the end of 2008, which of the following statements about accounts receivable is correct?
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B. Accounts receivable increased by $2,300 and represented a source of cash.
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what rate of
annual interest have you earned?
A. 50 percent
B. 4 percent
C. 7 percent
D. 10 percent
2. If you deposit $10,000 in an investment that yields 6 percent annually, how many years
will it take for
your investment to double in value?
A. 20 years
B. 15 years
C. 12 years
D. 18 years
3. Accountants suggest that assets should be valued at
A. the lower of market or cost.
B. the higher of market or cost.
C. market.
D. cost.
4. What is the required return using the CAPM if the stock's beta is 1.2, and the
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A. 9.46%
B. 24.58%
C. 11.62%
D. 14.56%
5. If annual interest rates are 10 percent, which of the following values is the lowest?
A. The future value of a $100 investment after 3 years
B. The future value of an investment after 4 years, if $100 is deposited annually
C. The present value of an annuity that will pay $200 a year, at the end of each of the next 4 years
D. The present value of an investment that will be worth $100 after 2 years
6. What is the future value of an annuity due if you deposit $1,500 per year for the next 5
years into an
account that earns an interest rate of 5 percent annually?
A. $8,703
B. $7,500
C. $8,288
D. $11,914
7. If $800 is deposited in a savings account that pays an interest rate of 5 percent
annually, how much
money will be in the account after 15 years?
A. $384
B. $238
C. $1,609
D. $1,663
8. Which of the following would be the most likely cause of an increase in inventory
turnover?
A. The faster collection of accounts receivable
B. Lowered sales
C. An increase in the inventory level
D. A reduction in the price of the product
9. Liabilities equal
A. assets minus equity.
B. equity minus assets.
C. assets.
D. equity.
10. To measure risk, the capital asset pricing model uses
A. beta.
B. an asset's standard deviation.
C. the volatility of an asset's cash flows.
D. the term during which the asset is held.
11. What is the future value of an ordinary annuity if you deposit $1,500 per year for the
next 5 years into
an account that earns an interest rate of 5 percent annually?
A. $1,914
B. $8,288
C. $6,322
D. $7,500
12. An investor my reduce risk by selecting
A. a cross-section of firms in the same industry.
B. stocks with poorly correlated returns.
C. stocks traded on organized exchanges.
D. high beta stocks.
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MBA 640 Final Project Milestone Two Guidelines and Rubric
Overview: The final project for this course is the creation of an external capital funding proposal.
Most businesses face a landscape of uncertainty and a never-ending stream of risks and opportunities. Managers must continually project the likely financial
impact of decisions, make recommendations, act on those decisions, determine how to pay for them, and evaluate the costs and effectiveness of what has been
done. Many decisions are short-term, routine, and operational. Others are longer-term investment decisions that require substantial new resources, such as
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and make decisions based on a thorough understanding of both internal and external factors that can affect a company’s financial success.
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a major international investment at a publicly traded corporation. In order to secure the support of potential financial backers, your proposal will need to lay out
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and why (including alternative funding mechanisms considered). In addition, it will also need to include information on the organization’s context, risk factors,
and microeconomic assumptions that could affect the success of the investment.
Prompt: Submit a paper that addresses critical element IV, Risks, of the final project. Discuss any risks that might affect the success of the project and how you
have planned for those contingencies.
Note: The risks (and opportunities) you identify should demonstrate your understanding of the company you selected, the industry, the investment project you
are proposing, and your project’s country and timing. Your estimates of financial impacts will be only preliminary; you will most likely revise them in your final
submission at the end of Module Nine.
Specifically, the following critical elements must be addressed:
Section IV Risks:
1. Internal. What are the company’s most significant internal risks and opportunities related to the project? How might they affect your financial estimates
and how will you address them? Support your response with specific examples.
2. External. How will you address significant qualitative risks outside the company that might affect project success? Give specific examples. For example,
how might culture or politics in the target country affect the proposed investment’s financial success? Natural disasters? How have you planned for
these risks?
3. Microeconomic. Assess the microeconomic factors that might affect decisions about the proposed investment. .
Q_FIN 571 Final Exam.docFinal ExamPlease provide your answ.docxcatheryncouper
Q_FIN 571 Final Exam.doc
Final Exam
Please provide your answers as follows in the Assignment newsgroup (Excel spreadsheet is preferred):
1. A
2. B
3. B, etc
Chapter 1 The Goals and Functions of Financial Management
Multiple Choice Questions
1. What is the primary goal of financial management?
A) Increased earnings
B) Maximizing cash flow
C) Maximizing shareholder wealth
D) Minimizing risk of the firm
2. The partnership form of organization
A) avoids the double taxation of earnings and dividends found in the corporate form of organization.
B) usually provides limited liability to the partners.
C) has unlimited life.
D) simplifies decision making.
3. Increased productivity due to technology has
A) increased corporations' reliance on debt for capital expansion needs.
B) created larger asset values on the firm's historical balance sheet.
C) made it cheaper (in terms of interest costs) for firms to borrow money.
D) helped to keep corporate costs in check.
4. Insider trading occurs when
A) someone has information not available to the public which they use to profit from trading in stocks.
B) corporate officers buy stock in their company.
C) lawyers, investment bankers, and others buy common stock in companies represented by their firms.
D) any stock transactions occur in violation of the Federal Trade Commissions restrictions on monopolies.
Chapter 2 Review of Accounting
5. When a firm's earnings are falling more rapidly than its stock price, its P/E ratio will:
A) remain the same
B) go up
C) go down
D) could go either up or down
6. The net worth of a firm
A) is usually the same as the firm's market value.
B) is based on current asset costs.
C) is based on current liabilities.
D) none of the above.
7. A statement of cash flows allows a financial analyst to determine
A) whether a cash dividend is affordable.
B) how increases in asset accounts have been financed.
C) whether long-term assets are being financed with long-term or short-term financing.
D) all of the above
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A) $120,000
B) $320,000
C) $520,000
D) none of the above
Chapter 3 Financial Analysis
Multiple Choice Questions
9. The ______________ method of inventory costing is least likely to lead to inflation-induced profits.
A) FIFO
B) LIFO
C) Weighted average
D) Lower of cost or market
10. The Bubba Corp. had net income before taxes of $200,000 and sales of $2,000,000. If it is in the 50% tax bracket its after-tax profit margin is:
A) 5%
B) 12%
C) 20%
D) 25%
11. XYZ's receivables turnover is 10x. The accounts receivable at year-end are $600,000. The average collection period is 90 days (3 months). What was the sales figure for the year?
A) $60,000
B) $6,000,000
C) $24,000,000
D) none of the above
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•Reflective Log•Your reflective log should include the.docxtawnyataylor528
•
Reflective Log
•
Your
reflective
log
should include the following
•
What was your role within the business simulation company?
Demonstrate how you used the resources critically to make decisions
while you were running the company.
.
•The philosophers Thomas Hobbes and John Locke disagreed on the un.docxtawnyataylor528
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Philosophers Debate Politics
•Chapter 24 (pp. 768-9)
•Hobbes: text at
http://oregonstate.edu/instruct/phl302/texts/hobbes/leviathan-contents.html
;
Summary at http://plato.stanford.edu/entries/hobbes-moral/; also
http://jim.com/hobbes.htm
•Locke: text at http://www.thenagain.info/Classes/Sources/Locke-2ndTreatise.html; General
background of the concept at
http://www.digitalhistory.uh.edu/teachers/lesson_plans/pdfs/unit1_12.pdf
.
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.
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.
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Leadership and Learning Programs – to go to the website click on the links below
•Entry-level Leadership Programs:
GE's Corporate Entry-level Leadership Programs offer recent college graduates prized development opportunities that combine real-world experience with formal classroom study. Through a series of rotating assignments — typically over a period of two years — young professionals receive accelerated professional development, world-class mentors, and global networking that cuts across GE's businesses.
•Experienced Leadership Programs:
Experienced professionals who wish to accelerate their careers find fitting opportunity in our Experienced Leadership Programs. The programs position high-potential talent in collaboration with some of the top innovators in their fields, offering intensive on-the-job development in the areas of Corporate Audit, Human Resources and Sales and Marketing.
•John F. Welch Leadership Development Center:
At GE, learning is a cultural force and Crotonville is its epicenter. For more than 50 years, the legendary John F. Welch Leadership Center has been at the forefront of real-world application for cutting-edge thinking in organizational development, leadership, innovation and change. Established in 1956, the 53-acre corporate learning campus was the first of its kind in the world.
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.
• This summative assessment can be completed in class or at any .docxtawnyataylor528
• This summative assessment can be completed in class or at any other convenient location.
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• Please use the following formatting guidelines to complete this assessment task:
• Font Size: 12; Line Spacing: Double; Font Style: Times New Roman
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Instruction to Assessors:
https://zealtutors.com/2021/05/11/assuming-your-organization-was-awarded-the-following-tender-atm-id-naa-rft-20xx-105/
• You must assess student’s assessment according to the provided Marking Criteria.
• You must complete and record any evidence related to assessment activities including role-plays and presentations using appropriate forms which must be attached with student assessment submission.
• You must provide students with detailed feedback within 10 working days from submission.
Assuming your organization was awarded the following tender:
ATM ID: NAA RFT 20xx/1058
Agency: National Archives of Australia
Category: 81110000 – Computer services
Close Date & Time: 15-Aug-20xx 2:00 pm (ACT Local Time)
Publish Date: 15-Jul-20xx
Location: ACT Canberra
ATM Type: Request for Tender
APP Reference: NAA20XX-1
Multi Agency Access: No
Panel Arrangement: No
Description:
A service provider is being sought for the technical upgrade of the Archives’ website Destination: Australia. In order to ensure the best value for money and optimal functionality (for the website and related exhibition interactive) going forward, it is necessary for the website to be transferred from a proprietary CMS to a commonly available CMS (including, but not limited to, an Open Source CMS).
https://4assignmenthelpers.com/assuming-your-organization-was-awarded-the-following-tender-atm-id-naa-rft-20xx-105/
The website will enable the National Archives of Australia to collect user contributed data about the photographic collection featured on the site. The interface must be modern, engaging and user-friendly, designed to meet the needs of people of all ages, and differing levels of computer and English literacy. The website must interact successfully with an exhibition interactive via an existing API. There is an option for hosting, maintenance and support services to be provided from contract execution until 31 December 2019.
Timeframe for Delivery: November/December 20XX with a possible extension of up to 3 years for hosting and maintenance.
http://assignmenthelp4u.com/assuming-your-organization-was-awarded-the-following-tender-atm-id-naa-rft-20xx-105/
The Requirement
The National Archives of Australia (Archives) (the Customer) is responsible under the Archives Act 1983 (Cth) for the preservation and storage of .
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• 2 pages
• APA
•
h
ow the airport uses sustainability at the operational side/airside (everything behind the gate and basically where the airplanes are) at an airport
• e.g. use of electric cars at the airfield, like buses for passengers etc.
• Due 6 PM (NY Time)
Thank you so much!
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¿Lógico o ilógico?
Indicate whether each of the doctor's statements is
lógico
or
ilógico
.
"En este hospital se prohíben exámenes médicos."
"Esta mañana se me rompió la mano; tuve que cancelar todas las citas de esta semana."
"Se necesitan medicinas porque hay pacientes enfermos."
"En mi consultorio se regalan radiografías."
"A un enfermero se le cayeron unas botellas; por eso el paciente se quitó los zapatos."
Oraciones con
se
Rewrite the sentences using
se
.
Modelo
Buscamos médicos bilingües.
Se buscan médicos bilingües.
No pueden hablar por teléfono.
Mariela sufre muchos dolores de cabeza. Debe trabajar más.
Fiebre
se escribe así: efe - i - e - be - ere - e.
A Felipe no le gustan mucho las películas; va al cine constantemente.
Conversaciones
Choose the correct adverbs to complete the conversations.
—Éstas son las pastillas que usted debe tomar. Recuerde, son cuatro pastillas al día; debe tomarlas...
—Perdone, doctora, ¿puede hablar más ? Es que con este dolor de cabeza escucho.
—¿Te enfermas ?
— , me enfermo una vez al año.
—¿Qué te dijo el médico?
—Que debo nadar una hora, tres veces por semana porque siento dolor en los huesos. La natación es muy buena para la circulación y no lastima los huesos.
Adverbios
Fill in the blanks with words from the list. Two words will not be used.
a tiempo
casi
muchas veces
poco
rápido
tarde
Mi amigo Onofre y yo estudiamos medicina. A nuestra profesora de biología le importa mucho la puntualidad. Si los estudiantes llegan
(1) [removed],
ella está de buen humor; pero si no, ¡ojo (
watch out
)!
(2) [removed]
Onofre y yo llegamos
(3) [removed]
a clase, y ahora bajaron nuestras notas (
grades
). ¡Vamos a tener que caminar
(4) [removed]
a clase!
.
·Which of the following is considered a hybrid organizational fo.docxtawnyataylor528
·
Which of the following is considered a hybrid organizational form?
·
sole proprietorship
·
corporation
·
limited liability partnership
·
partnership
.
·Write aresearch paper of three (3) body pages on a narrow aspec.docxtawnyataylor528
·
Write aresearch paper of three (3) body pages on a narrow aspect of the topic
“
how a specific innovation or discovery from the past has impacted or changed some aspect of human history.”
The paper may be either an argumentative or analytical essay. Utiliz
e
at least three
high-quality academic references that you access through FDU on-line or physical libraries.
At least one must be a scholarly/peer reviewed article.
Use of Wikipedia, blogs, .com websites of people not known as experts in their fields, and similar sources do
not
meet this “high-quality” requirement.
·
Develop a clear thesis statement that you will support in your paper. This requires researching, analyzing, appropriately quoting, paraphrasing and summarizing the resources as well as synthesizing material. Utilize information from your resources to draw implications that support your thesis. Be SPECIFIC and EXPLICIT in providing data and in drawing conclusions
·
Your paper will be written in APA format and must include:
·
Title page
·
Abstract
·
Fully researched body with appropriate in text citations
·
References
·
Appendices (if appropriate)
Cover, Abstract/Prefatory Information, References, Appendix, Illustrations and other support materials
are in addition
to the three body pages noted above.
Your paper
must
be double space, 12 pt. Times New Roman, with paragraph indents, no extra spaces between paragraphs, on US letter paper. Margins must be 1 inch top, bottom and
both sides, with alignment flush left and uneven, or
ragged
, on right.
·
In-text citations (including secondary source citations) and references must follow APA guidelines as covered in class and in handouts that are distributed to you.
Your OUTLINE/graphic organizer will be graded separately and will be worth 10 points. Your paper will be worth 90 points, for a total of 100 points on this assignment.
.
·InterviewConduct an interview and document it.During this c.docxtawnyataylor528
·
Interview
Conduct an interview and document it.
During this course we have learned about organizational culture and structure, we have spoken of feedback and job types. As project that pulls together all concepts from this course you will conduct an interview. Document the interview and draw a conclusion in a short four to five sentence summary of the experience.
1.
create 8 to 10 professional and quality interview questions
2.
decide how you are going to document the interview (audio, video or type)
3.
conduct the interview
4.
confirm that the interview was documented
5.
write the summary paragraph
6.
submit your assignment
The topic and interviewee are to be of your choice and should allow you to learn something that will help in pursuit of your career.
.
·Submit a 50- to 100-word response to each of the followin.docxtawnyataylor528
·
Submit
a 50- to 100-word response to
each of
the following questions:
o
Understanding a Will
1.
What is
a will and what is
the benefit of having
one
?
2.
Why is it important to also have a living revocable trust with a will?
o
Creating a Durable Power of Attorney for Health Care
What is a Durable Power of Attorney for Healthcare? What information does the document provide? How is this document related to an advance directive (aka living will)?
o
Understanding the Purpose of the Must-Have Documents
4.
Why might these forms need to be
updated?
How would you go about making these updates to ensure they are valid?
5.
In what ways did you find any of these forms to be difficult to complete? What did you learn as a result of completing these forms?
.
·Section 3·Financial management, quality and marketing asp.docxtawnyataylor528
·
Section 3
·
Financial management, quality and marketing aspects of the organization
·
Financial
·
Analysis of the service reimbursement for the organization (State, Federal, Insurance and Private Pay)
·
Methods of funding
·
Research issues
·
Quality and Ethics
·
Accreditation
·
Awards
·
Regulation
·
Ethical issues regarding who receives care at the organization
·
Marketing
·
Strategies
·
Branding
·
Community and employee involvement
·
Section 4
·
Impact of economic and outside influences to the organization
·
National and world economy impact
·
Explanation of the sustainability of this organizational care model
·
Healthcare reform
·
Regulations
·
Section 5
·
Conclusion for your paper and combine all the sections into a project paper
·
Recap the info regarding organization
·
Glimpse into the future for the organization based on your learning
·
Combine all parts into a APA formatted product
.
·Why is the effort to standardize the language used in reporti.docxtawnyataylor528
·
Why is the effort to standardize the language used in reporting clinical trials (MedDRA) important to harmonization throughout the world?
IMPORTANCE OF STANDARDIZING THE LANGUAGE USED IN
(MedDRA)
Reason for standardizing the language used in MedDRA)
.
·Humans belong to the genus Homo and chimpanzees to the genus .docxtawnyataylor528
·
Humans belong to the genus Homo and chimpanzees to the genus Pan, yet studies of primate genes show that chimpanzees and humans are more closely related to one another than each is to any other animals. In light of this result, some researchers suggest that chimpanzees should be renamed as members of the genus Homo. Discuss at least three (3) practical, scientific, and / or ethical issues that might be raised by such a change in naming. aleast 400 words.
.
·Crash House II and add resources and costs—remember, only crash.docxtawnyataylor528
·
Crash House II and add resources and costs—remember, only crash tasks on the critical path and start with the lowest cost.
•
Perform resource allocation and crash House II for House III homework.
I need an Email address to send the attachment I can't uploade it here.
.
·What is the main difference between the approaches of CONFLICT .docxtawnyataylor528
·
What is the main difference between the approaches of CONFLICT THEORY and FUNCTIONALIST THEORY about the nature of crime and criminality? Elaborate with examples.
D DO you agree or disagree with the premise that the media portrays women as sexual objects.
·
Describe the boundaries you think that the media should adhere to when it comes to issues of sexuality.
.
·What is the work of art’s historical and cultural context·.docxtawnyataylor528
·
What is the work of art’s historical and cultural context?
·
Does the work adhere to the conventions of the style movement / artistic period, or does it go against those conventions?
·
How are the two works of art similar? How are they different?
o
What can we conclude from those similarities and differences?
Your draft should be 2 – 3 pages long and include at least
four
scholarly sources (two for each work of art). Check out these databases from the
Shapiro Library website
to help you get started:
·
JSTOR: you can search by subject; “Art & Art History” is your best bet here
·
Project MUSE: you can search for articles by subject here as well; look for articles under “Art and Architecture”
.
·Review the steps of the SDLC. Explain why quality service deliv.docxtawnyataylor528
·
Review the steps of the SDLC. Explain why quality service delivery depends on the execution of the service delivery life cycle. Discuss the aspects of the SDLC that are critical to quality service management. Explain your answer.
·
From the e-Activity, explain how the service delivery model used within an organization impacts an IT organization at the enterprise level.
.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
Francesca Gottschalk - How can education support child empowerment.pptxEduSkills OECD
Francesca Gottschalk from the OECD’s Centre for Educational Research and Innovation presents at the Ask an Expert Webinar: How can education support child empowerment?
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.
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.
A Strategic Approach: GenAI in EducationPeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
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
Kantian ethics, and Utilitarianism. Choose the theory that you thi.docx
1. Kantian ethics, and Utilitarianism. Choose the theory that you
think is better out of these two and briefly describe it. Then
discuss why you think this is the better of these two theories.
Can you think of a moral rule that all cultures follow (that you
are aware of)? If so, what is this rule and why does every
culture practice this moral rule? If not, do you think that there
is a moral rule that every culture should practice? What does
your answer say about cultural relativism and why?
Choose one of the following theorists - Hobbes, Locke,
Rousseau, or Rawls - and briefly describe their views of human
nature and their version of the social contract. Then, explain
why you chose to discuss this theorist in particular.
One of the biggest objections to Virtue Ethics is that there is no
consensus on what counts as a virtue. List two qualities that you
believe are virtuous and explain why you feel this way. Given
this, do you think that there are any general criteria we can use
to decide whether an action is virtuous or not? Why?
Do you think that we have a moral obligation to treat animals
well? Why or why not? Does our moral obligation include not
eating them?
Moral antirealism, or moral non-objectivism, claims that here
are no objective moral rules. If such theories are true, is there
any way that we could determine whether something is 'good' or
'bad'? If so, how? If not, why? Finish your post by explaining
your views on the idea of moral non-objectivism - do you agree
or disagree with this theory? Does it have any merit in its
claims?
To what extent have your choices in life been a result of free
will? Given this, which theory do you agree with most and why:
2. fatalism, determinism, or existentialism?
FINC 340 INVESTMENTS
FINAL EXAMINATION_04
DIRECTIONS: Here is the Final Examination Question Sheet.
Please submit your Final Examinaiton Answer Sheet to your
Final Examination Folder.
Please submit your Midterm Examination MS Word format with
the following file name:
LastNameFirstInitial_MidtermExamAnswerSheet.docx. For
example, if you name is John Smith, the file name of your
Answer Sheet should be
SmithJ_MidtermExamAnswerSheet.docx.
NAME: _____________________________________
Quiz Number
Question
Answer
1
A company has paid $2 per share in dividends for the past
several years and plans to continue to do so indefinitely. If an
investor’s required return is 13%, what is the most she should
pay for a share of this firm’s stock?
A:$15.38
B:$20.00
C:$22.60
D:$26.13
E:$65.00
3. 2
Bond mutual funds offer the following advantages over direct
investment in bonds EXCEPT:
A:Better diversification
B:Transaction cost economies
C:Buy and sell individual bonds at individual investor’s
discretion
D:Reinvestment of intermediate cash flows
E:Better liquidity
3
A $1,000 par value bond with a 5% coupon that pays interest
semiannually and matures in 2 ½ years and has a current price
of $977. What is the annualized yield to maturity?
A:3.0%
B:4.0%
C:5.0%
D:6.0%
E:7.0%
4
An immunization strategy protects a portfolio from:
A:Interest rate risk
B:Default risk
C:Liquidity risk
D:Prepayment risk
E:Event risk
4. 5
1. Market multiple methods include valuations based on all of
the following EXCEPT:
A:Price/earnings
B:Price/free cash flow
C:Price/dividends
D:Price/sales
E:All of the above are acceptable market multiples
6
Factors that should be considered in taking a stock option
position include:
A:The dividend paid on the underlying stock
B:The volatility of the underlying stock
C:The time to expiration
D:The anticipated direction of market movement
E:All of the above are relevant factors in the option decision
7
A three-year project costs $50,000 and returns $20,000 the first
year, $30,000 the second year, and $25,000 the third year. If the
required return is 10.0%, what is the Net Present Value (NPV)?
A:$11,758
B:$12,547
C:$25,000
D:$61,758
E:$62,547
5. 8
Disadvantages of investing in the futures market include all of
the following EXCEPT:
A:Market is extremely volatile
B:Daily mark-to-market
C:Clearinghouse
D:Possibility of frequent margin calls
E:Possibility of losing more than the original investment
9
A portfolio has a standard deviation of 22%. If the risk-free rate
is 3.5%, the expected return on the market portfolio is 12%, and
the standard deviation of the market portfolio is 25%, what is
the required return on the market portfolio?
A: 7.48%
B:10.98%
C:12.00%
D:13.16%
E:14.06%
10
Factors that should be considered in the purchase of a stock
includes all of the following EXCEPT:
A:Dividend
B:Growth potential
C:Quality of firm’s management
D:Coupon rate on the firm’s bonds
6. E:Price
11
The risk-free rate is 3.6% and the required return on the market
portfolio is 11.8%. A company that has just paid $1.80 per share
in annual dividends has a beta of 0.9 and long-term growth rate
of 5.2%. What is the dollar value of this stock?
A:$17.25
B:$20.99
C:$24.56
D:$31.14
E:$32.76
12
Rob pays 28% in combined local, state, and federal taxes. If a
corporate bond yields 8.3%, what is the after-tax yield?
A: 2.3%
B: 6.0%
C: 8.3%
D:10.7%
E:11.5%
13
The risk-free rate is currently 2.8%. In one year the price of a
given share of stock that currently trades at $40 per share is
expected to either increase by 8% or decrease by 2%. What is
the current value of a call on this stock with exercise price of
$40?
A:$0.00
7. B:$1.09
C:$1.24
D:$1.49
E:$1.62
14
Information included in “tombstone ads” include all of the
following EXCEPT:
A:The bond issuer
B:The price of the bond
C:The size of the issue
D:The maturity date
E:The coupon
15
Advantages of investing in tax-exempt bond funds include all of
the following EXCEPT:
A:Diversification
B:Provides additional benefits to tax-deferred retirement plans
C:Automatic reinvesting
D:Fund maintains individual investor’s tax reports and records
E:Low initial deposit
8. The next two problems refer to a four year project with an
opportunity cost of 9% and the following cash flows:
16
What is the safe-rate-reinvestment-rate IRR for this project?
A:10.6%
B:11.1%
C:11.6%
D:12.1%
E:12.6%
17
What is the borrowing-rate-reinvestment-rate IRR for this
project?
A:10.6%
B:11.1%
C:11.6%
D:12.1%
E:12.6%
18
The satisfaction an investor gets out of consumption of goods
and services and out of obtaining a given level of wealth is
A:Greed
B:Utility
C:Return
D:Risk
E:Beta
9. 19
Susan has 40% of her portfolio invested in a mutual fund to
track the S&P 500 and 40% in a mutual fund to track the Dow
Jones Industrial Average (DJIA) and 20% in government
securities. To evaluate the performance of her portfolio, what is
Susan’s best benchmark?
A:the DJIA Index
B:the S&P 500 Index
C:a government security index
D:a 50%/50% combination of A and B
E:a combination of A, B, and C
20
Duration
A: Increases with maturity
B:Measures the linear relationship between bond prices and
bond yields
C:Is always greater than the maturity
D:All of the above are true
E:A and B are true, but C is false
21
What is the Sharpe ratio for Portfolio P?
A:0.478
B:0.577
C:0.582
10. D:0.783
E:0.817
22
What is the Treynor ratio for Portfolio P?
A: 8.40%
B:10.20%
C:11.79%
D:12.92%
E:14.43%
23
What is Jensen’s alpha for Portfolio P?
A:-1.81%
B:-0.63
C:0.00%
D:+1.58%
E:+1.79%
24
The financial planning process include all of the following
EXCEPT
A:assessing the current status of the financial markets.
B:analyzing the client’s financial status.
C:monitoring the portfolio.
D:developing a policy statement.
E:establishing a client-advisor relationship.
11. 25
Techniques to actively select securities include:
A:Bottom-up approach
B:Top-down approach
C:Indexing approach
D:All of the above are acceptable approaches
E:A and B are active approaches, but C is not
26
What is the correlation with the greatest potential for
diversification?
A:-1.0
B:-0.5
C:0.0
D:+1.0
E:+2.0
27
Regular, periodic investments in a security without regard to
price is
A:income averaging.
B:dollar cost averaging.
C:dividend reinvesting.
D:fundamental investing.
E:time investing.
28
Hedging strategies are
12. A:designed to limit investment losses.
B:a form of investment insurance.
C:transfers risk from one entity to another.
D:all of these statements are true.
E:statements A and C are true, but B is not.
29
To calculate the total asset turnover, the following financial
statements are needed:
A:Balance Sheet
B:Income Statement
C:Statement of Cash Flows
D:All of the above are needed
E:A and B, but not C
30
Variables in the put-call parity include all of the following
EXCEPT:
A:Risk-free rate
B:Time to maturity
C:Strike price
D:Price of the underlying asset
E:Price earnings ratio
31
In the accumulation phase of the investor life cycle
A:investors with long-term time horizons should accept only
low risk.
13. B:investors have high net worth.
C:investors are saving for retirement only.
D:investors may seek to accumulate wealth through higher risk
investments.
E:none of these choices apply.
32
The semi-strong form of the efficient market hypothesis states:
A:Security prices reflect all information, public and private
B:Security prices reflect all public information
C:Security prices reflect all market information
D:Security prices reflect all accounting information
E:Security prices reflect all economic information
33
A company currently has $3.50 earnings per share of which
$1.05 is paid in annual dividends per share. If the growth rate
for the firm is 4% per year and the required return is 9%, what
is the theoretical P/E ratio?
A:5.71
B:6.00
C:6.24
D:6.66
E:7.00
34
Given returns of 15%, -8%, 12%, and 5%, what is the difference
between the arithmetic average and geometric average?
14. A:0.00%
B:0.07%
C:0.39%
D:1.30%
E:1.53%
35
Deviations of a straddle include:
A:Butterfly
B:Collar
C:Strangle
D:All of the above are deviations of a straddle
E:A and C are deviations of a straddle, but B is not
36
An immunization strategy protects a portfolio from:
A:Interest rate risk
B:Default risk
C:Liquidity risk
D:Prepayment risk
E:Event risk
37
The semi-strong form of the efficient market hypothesis states:
A:Security prices reflect all information, public and private
B:Security prices reflect all public information
C:Security prices reflect all market information
D:Security prices reflect all accounting information
15. E:Security prices reflect all economic information
38
Susan has a 5-year “bunny bond” with a yield to maturity of
6.4% that will be automatically reinvested next month. She is
considering liquidating the bond and reinvesting in a 10-year
3.5% coupon bond with a yield to maturity of 6.5%. Market
rates are very unstable and are just as likely to rise or fall over
Susan’s 5 year time horizon. The best action for Susan is to
A:Invest in the 10-year bond since the yield is higher
B:Invest in the 10-year bond because it has greater maturity
C:Invest in the 10-year bond since the coupons can be
reinvested
D:Reinvest in the “bunny bond” to avoid lost of accrued interest
E:Reinvest in the “bunny bond” to lock-in the yield
39
High price multiples:
A:May indicate the firm is overvalued
B:May indicate high expected future growth
C:May indicate high levels of earnings or book value
D:All of the above are true
E:A and B are true, but C is not true
40
Three years ago, an ETF was initiated with 1 million shares in
10 stocks each with a market value of $10. The total market
value of the ETF was then $100 million (1 million shares * 10
stocks * $10). The ETF issued 20 million shares which
originally sold for $5 a share. Last year, Nancy purchased
16. 100,000 shares for $7 a share. The price has now increased to
$12 a share, and Nancy is considering redeeming her shares.
Assume none of the original shares have been sold or redeemed.
If Nancy redeems her shares, her cost basis when she sells the
shares is
A:$ 200,000
B:$ 500,000
C:$ 700,000
D:$1,000,000
E:$1,200,000
1
FINC 340 Investments
Week 07 Non-Graded Quiz
INSTRUCTOR KEY
DIRECTIONS: Here is the Week07 Non-Graded Quiz Answer
Sheet that you should submit to your P7- Homework
Assignment Folder.
Please submit your Week07 Non-Graded Quiz in MS Word
fromat with the following file name:
LastNameFirstInitial_Week07NonGradedQuizAnswerSheet.docx
. For example, if you name is John Smith, the file name of your
Answer Sheet should be
SmithJ_Week07NonGradedQuizAnswerSheet.docx.
If you have any questions or comments, please do not hesitate
to contact me.
17. NAME: _____________________________________
Non-Graded
Quiz Number
Source
Question
Answer
1
Ch43_MC01
A short sale occurs when an investor does which of the
following?
A:Buys a stock and uses it as collateral for a loan
B:Sells a stock at a loss
C:Borrows a stock and then sells it
D:Sells a stock for less than fair market value
E:None of the above
Correct Answer C
2
Ch43_MC02
A wash sale occurs when investors sell or trade stock or
securities at a loss and acquire substantially identical stock or
securities within how many days before or after the sale?
A:15
B:30
C:60
D:180
E:365
Correct Answer B
3
Ch43_MC03
Investors are treated as having made a constructive sale of an
18. appreciated financial position if they
A:Enter into a short sale of the same or substantially identical
property
B:Enter into an offsetting notional principal contract relating to
the same or substantially identical property
C:Enter into a futures or forward contract to deliver the same or
substantially identical property
D:Acquire the same or substantially identical property (if the
appreciated financial position is a short sale, an offsetting
notional principal contract, or a futures or forward contract)
E:All of the above
Correct Answer E
4
Ch43_MC04
Which of the following is not qualified dividend income?
A:Procter & Gamble common stock dividends
B:Cohen & Steers Realty Shares (REIT) dividends
C:Microsoft common stock dividends
D:Fidelity Magellan Fund dividends
Correct Answer B
5
Ch44_MC01
Tax-efficient investment strategies include:
A:Adjusting for taxable and after-tax yields
B:Adjusting for capital gains taxes versus ordinary income
taxes
C:Controlling the timing of recognition of gains and losses
D:Considering tax effects of mutual fund investing
E:All of the above are tax-efficient strategies
Correct Answer E
19. 6
Ch44_MC02
Methods to defer capital gains taxes include all of the following
EXCEPT:
A:Delay the sale of the asset
B:Like-kind exchange of tangible property
C:Installment sales
D:All of the above will delay capital gains
E:A and C will delay the capital gains, but B will not
Correct Answer D
7
Ch44_MC03
Jason is unhappy with the performance of his mutual fund. He
sells his shares in the current fund and repurchases shares in a
similar fund with the same firm. This transaction
A:Is not a taxable event since the two funds are similar
B:Is not a taxable event since the funds are with the same
company
C:Is a taxable event
D:May not be a taxable event if the shares have been held for
more than one year
E:May not be a taxable event if the managers of the two funds
are different
Correct Answer C
8
Ch44_AP04
An investor deposited $5,000 into an account that earns 8% per
year. The proportion of taxable gains is 90%, ordinary tax rate
is 35%, the capital gains and dividends rate is 15%, and the
built-in gain is zero. How much will the investor have at the end
of 30 years?
20. A:$38,489
B:$40,732
C:$45,282
D:$46,544
E:$50,313
Correct Answer B: ar = (g * r) + ((1 - to) * (1 - g) * r) = 0.9 *
0.08 + 0.65 * 0.10 * 0.08 = 0.072 + 0.0052 = 0.0772. And
1.077230 = 9.30873 making FV = 5,000 * [9.30873 – 0.15 *
(0.9 * 0.08 * (9.30873 - 1)/0.0772 + 0)] = 5,000 * [9.30873 –
1.16236] = 5,000 * 8.14637 = $40,732.
9
Ch45_MC 01
Qualified distributions for a Roth IRA that are tax-free include
all of the following EXCEPT:
A:Distributions received after age 59 ½
B:Some first-time homeowners
C:Some distributions for college expenses
D:Distributions due to disability
E:All of the above are qualified distributions
Correct Answer C
10
Ch45_MC 02
Traditional IRAs produce better results than a Roth IRA if
A:Tax-equivalent contributions are the same and taxes remain
constant
B:Tax-equivalent contributions are the same and taxes decrease
after retirement
C:Tax-equivalent contributions are the same and taxes increase
21. after retirement
D:The traditional IRA and Roth IRA will always produce the
same results
E:The Roth IRA always produces better results than the
traditional IRA
Correct Answer B: Contributions to the Roth IRA are taxed
when the contributions are made, but taxes are deferred until
after retirement for the traditional IRA. If taxes decrease, and
the contributions are tax-equivalent, the traditional IRA will
produce better results.
11
Ch45_MC 03
The retirement vehicle that will provide the highest after-tax
return to an investor is
A:Fully tax deductible, fully tax deferred investment
B:Nondeductible, fully taxable investment
C:Nondeductible investment in an equity mutual fund
D:Taxed-deferred annuity
E:All of the above provide equivalent after-tax returns
Correct Answer A
12
Ch45_MC 04
Factors that influence the impact of the 10% early withdrawal
penalty include all of the following EXCEPT:
A:Rate of return earned on the investment
B:Tax rates applicable to the distribution
C:Taxable amount
D:All of the above are relevant factors for the penalty impact
E:A and B are relevant factors, but C is not
22. Correct Answer D
1
FINC 340 INVESTMENTS
MIDTERM EXAMINATION_02
INSTRUCTOR KEY
Quiz Number
Source Number
Question
Solution
1
CH1-A1
Betty has saved $60,000 for a down payment on a home. She is
now actively looking for her dream house and anticipates
making an offer on a home within the next two months. If the
offer is accepted, it will take up to three additional months to
close on the house. Betty will need to deposit about $1,000 in
an escrow account as “good faith” money when she makes the
offer. The rest of the down payment is made at closing. The best
place for Betty to deposit her funds now is
23. A:the stock market.
B:a municipal bond.
C:a six-month certificate of deposit (CD).
D:$1,000 in a two month certificate of deposit (CD) and the
remainder
in a six-month CD.
E:a money market mutual fund.
Correct Answer E:
Both the stock and bond are poor choices due to the volatility of
the market value of these assets. Since the timing of the cash
flow is uncertain, neither CD is an appropriate investment.
Betty should park her funds in a money market account where
the funds are relatively safe; she can earn some interest, and she
has easy access to the funds when she needs them.
2
Ch2-A1
Three years ago, Charles purchased a $1,000 face value 10-year
Treasury note for par. The market value of this bond is now
$950. If Charles sells the bond today, the tax implications of
sale are
A:$50 loss against ordinary income
24. B:$50 capital gain
C:$50 capital loss
D:$50 gain against ordinary income
E:No tax effects since Treasury securities are exempt from taxes
Correct Answer C:
Since the market value is less than the original purchase price
by $50 ($950 less $1,000), this is a loss. Since the holding
period is greater than one year, it is a capital loss.
3
Ch3-A1
Two years ago, an investor purchased a $1,000 par 6% coupon
bond that pays interest semiannually. Inflation over the last two
years has been 2% per year. The inflation-adjusted value of the
next interest payment is
A:$28.84
B:$30.00
C:$31.21
D:$57.67
E:$60.00
Correct Answer A:
25. The actual calculation of inflation-adjusted value has not been
discussed, but A is the only answer less than the nominal
semiannual interest of $30 (1,000*6%/2). The calculation is
30/1.022 = $28.835
4
Ch27-A1
Cameron pays 15% in dividend and capital gains taxes and 35%
in ordinary income taxes. Ten years ago, Cameron purchased a
position in a limited partnership for $10,000. Three years later,
she was required to contribute $2,000 more to the partnership.
Two years ago, she was required to contribute an additional
$2,000. If Cameron sells her limited partnership investment
today for $20,000, what are the taxes?
A:$ 900
B:$1,500
C:$2,100
D:$2,700
E:$3,500
Correct Answer A:
Cameron’s total investment is the original investment of
$10,000 plus two contributions at $2,000 each for a total cost
basis of $14,000 (10,000 + 2*2,000). Because she has held the
26. partnership for more than 1 year, the gain of $6,000 (20,000-
14,000) is taxed as a capital gain for a tax bill of $900 (6,000 *
0.15).
5
Ch7-A1
Bonds A, B and C are all zero-coupon bonds. Bond A matures in
3 years; Bond B matures in 7 years, and Bond C matures in 10
years. Paul is uncertain as to the direction of interest rates over
the next several years, so he wants to lock-in his return over his
7 year time horizon. Which bond is best for Paul?
A:Bond A because it matures in 3 years, and Paul can then roll-
over the funds to a 4 year bond.
B:Bond B because it matches Paul’s time horizon.
C:Bond C because it has a longer maturity, it will probably have
a higher yield.
D:Since these are zero-coupon bonds, it does not matter which
bond Paul
chooses.
E:Bonds are too risky for Paul to be investing.
Correct Answer: B
27. 6
Ch15-A1
Assume that the futures price of gold is $390 a troy ounce, and
the contract is for 100 troy ounces. The initial margin is $2,000.
If the future price increases by 5.0%, what is the return to the
investor?
A: 1.0%
B: 2.5%
C: 5.0%
D:19.5%
E:97.5%
Correct Answer E:
The value of the contract is 390 * 100 = $39,000. A 5% increase
is $1,950 = 39,000 * 0.05. The return on the future contract =
1,950/2,000 = 0.975 = 97.5%.
7
Ch23-A1
Iris pays 15% in dividends and capital gains taxes and 35% in
ordinary income taxes. Several years ago, she purchased a
Mortgage-Backed Security (MBS) for $20,000 which was the
par value of the underlying assets. At the end of this year, she
received a statement stating she had received $700 in scheduled
28. amortization of principal, $1,200 in interest, and $500 in
unscheduled collection of principal. What is Iris’s after-tax cash
flow this year from this investment?
A:$1,560
B:$1,695
C:$1,980
D:$2,040
E:$2,400
Correct Answer C:
The return of scheduled principal of $700 and prepayment of
principal $500 are both return of capital and not subjected to
taxation. Interest is taxed at the ordinary income rate for a total
tax of $420 (1,200 * 0.35). The funds received are $2,400 (700
+ 1,200 + 500) for an after-tax cash flow of $1,980 (2,400 –
420).
8
Ch10-A1
Before the new tax law enacted in 2003, dividends were taxed
as ordinary income. Now the maximum tax rate on dividends
paid to individuals is 15%. As a result of the law, an investor in
the 25% tax bracket who received $70,000 in qualifying
dividends had a tax savings of
29. A:$ 0.
B:$ 7,000.
C:$ 9,000.
D:$10,500.
E:$17,500.
Correct Answer B:
70,000 * 0.25 – 70,000 * 0.15 = 17,500 – 10,500 = $7,000
9
Ch30-A1
Abby buys a position in a closed-end mutual fund that is selling
at an 8% discount. The fund earns 12%, but the discount
decreases to 5%. What is Abby’s return on this investment?
A: 8.5%
B:12.0%
C:12.4%
D:14.2%
E:15.7%
Correct Answer E:
A share with NAV of $100 costs $92 (100 * (1-0.08)). A 12%
30. increase, gives a NAV of $112 (100 * 1.12), but the 5%
discount reduces the share price to $106.40 (112 * (1-0.05)).
This is a gain of $14.40 (106.40 – 92) and a return of 15.65% =
(14.40/92).
10
Ch28-A2
Corey pays 15% in dividend and capital gains taxes and 35% in
ordinary income taxes. Four years ago, she invested $500,000 in
a private placement offering with some friends. The initial price
was $50 a share. The investment group is now discussing the
possibility of publicly selling their shares. One of the members
of the group believes they could get at least $75 a share. If this
is correct, what are Corey’s taxes when she sells her shares
(ignoring commissions and fees)?
A:$0 because the group is not allowed to sell their private
placement shares to the public
B:$37,500
C:$54,000
D:$70,000
E:$87,500
Correct Answer B:
After two years, the group will be able to sell their shares to the
31. public. Corey has 10,000 shares ($500,000/$50) for a selling
price of $750,000 (10,000 shares * 0.75) and a gain of $250,000
(750,000-500,000). Because Corey has held these shares for
more than 1 year, she is taxes at the 15% capital gain rate or
250,000 * 0.15 = $37,500.
11
Ch9-A2
A firm has $10 million to invest in safe securities. The time
horizon is five years, and interest rates are anticipated to
decrease over this period. The best investment for this firm is
A:Six-month CDs
B:Nonparticipating GICs
C:Treasury bills
D:Participating GICs
E:Two-year corporate bonds
Correct Answer B: The nonparticipating GIC will lock-in high
rates. All the other investments will have some or all of their
funds reinvested at the anticipated lower future rates
12
Ch32-A2
32. What is the standard deviation of returns given returns of 10%,
-5%, 8%, 3%?
A:3.7%
B:4.0%
C:5.8%
D:6.7%
E:7.1%
Correct Answer D:
The mean is 4. The variance is [(10-4)2+(-5-4)2+(8-4)2+(3-
4)2]/(4-1) = [36+81+16+1]/3 = 134/3 = 44.667. The standard
deviation is 44.6671/2 = 6.68%.
13
Ch12-A1
Claire has 200 shares of stock in a firm that just issued 1 right
per share. The right gives the holder the opportunity to purchase
0.125 shares of stock. If Claire exercises all her rights, how
many addition shares of stock will she be able to obtain?
A:8
B:25
C:125
33. D:200
E:1,600
Correct Answer B:
200 rights * 0.125 shares/right = 25 shares
14
Ch24-A1
Luke is 35 years old, has a good job, a wife and two small
children, and is financially conservative. He has heard about the
large returns that may be achieved by investing in the oil and
gas field. Luke is interested, but he has no expertise to provide
day-to-day management. Which of the following investments
would be best for Luke?
A:direct investment through a working interest
B:general partner
C:limited partner
D:all of these options would be a reasonable investment for
Frank
E:either B or C (partnership) would be a reasonable investment
for Frank, but a direct investment (A) is not reasonable
Correct Answer C:
34. Both general partnership and direct investment require practical
knowledge and experience to be successful.
15
Ch4-A3
A $1,000 par 1.4% coupon convertible bond with a stock
purchase warrant for 1 share of stock at $35 per share is
purchased for $900. The common stock has a current market
price of $38 per share and the warrant’s market price is $4. If
the market price of the stock increases to $41.80, the minimum
percentage increase in the value of the warrant is
A: 10.0%
B: 17.8%
C: 19.4%
D: 70.0%
E:119.4%
Correct Answer D:
The warrant will sell for at least its theoretical value = Price of
the stock – Exercise price = $41.80-$35 = $6.80. Since the
current market value of the warrant is $4, this is a gain of $2.80
($6.80-$4.00) or 70% (2.80/4 = 0.70 = 70%)
16
35. Ch25-A1
Stella pays 15% in dividend and capital gains taxes and 35% in
ordinary income taxes. In 1990, she paid $1,000 for three
American Eagle $50 gold coins (1 oz gold) and $340 for one
coin in December 2003. In July 2004, she sold all four coins to
net $460 each. What is the after-tax cash flow from this
investment?
A:$150
B:$247
C:$401
D:$425
E:$500
Correct Answer C:
The investment purchased in 1990 was sold for a total of $1,380
(460 * 3) for a gain of $380 (1,380 – 1,000) which is taxed at
the capital gains rate of 15% or $57 (380 * 0.15). The coin
purchased last year, is a short-term gain taxed at the ordinary
income tax rate of 35% for a tax of $42 ((460-340)*0.35). The
total tax is $99 (57 + 42). The net after-tax cash flow is sell –
purchase – tax = 4*460 – (1,000+340) – 99 = 1,840 – 1,340 – 99
= $401.
36. 17
Ch11-A1
A 6.4% preferred stock has a par value of $30 and is currently
selling in the market at $40. The quarterly dividend for this
stock is
A:$0.16.
B:$0.48.
C:$0.64.
D:$1.92.
E:$2.56.
Correct Answer B:
The annual fixed dividend is a percentage of par or 30*0.064 =
$1.92. On a quarterly basis this becomes 1.92/4 = $0.48
18
Ch10-MC06
Round lots are
A:10 shares
B:100 shares
C:1,000 shares
37. D:10,000 shares
E:100,000 shares
Correct Answer: B
19
Ch13-MC06
Factors that should be considered in taking a stock option
position include:
A:The dividend paid on the underlying stock
B:The volatility of the underlying stock
C:The time to expiration
D:The anticipated direction of market movement
E:All of the above are relevant factors in the option decision
Correct Answer: E
20
Ch13-A1
Last month when IBM was selling for $86, Dan purchased a call
option on IBM with an exercise price of $90 for $2 per option
or $200 total. Yesterday IBM closed at $95. Based on the
minimum value of the contract, if Dan sells his call at
38. yesterday’s close, what would his return be?
A:4%
B:6%
C:50%
D:150%
E:250%
Correct Answer D:
The minimum value of the contract is (stock price – exercise
price)*number of options = (95-90)*100 = $500. With a $200
initial cost, this is a gain of 500-200 = $300 for a return of
300/200 = 1.5 = 150%.
21
Ch26-A1
One of the most successful collection programs is the 50 State
Quarters program developed by the U.S. Mint. This program
began in 1999 and permitted each state to put a design on the
back of the U.S. quarter. There are 5 state quarters issued each
year over the 10-year program. According to CoinWorld.com, in
1999 4.43 billion quarters were minted across the first five
states issued. In 2000, the U.S. Mint increased the mintage by
46%. What was the number of state quarters minted in 2000?
39. A:2.04 billion
B:4.43 billion
C:4.63 billion
D:6.47 billion
E:6.65 billion
Correct Answer D:
An increase of 46% is 2.04 billion (4.43 * 0.46) for a total
mintage of 6.47 billion (4.43 + 2.04).
22
Ch16-A1
Wendy’s broker has recommended she purchase 500 shares of a
mutual fund that is currently priced at $25 a share. The
commission on the purchase price is 3%, and the fund charges a
1% annual management fee and a $10 annual administrative
charge. What is the total cost over the first year to invest in this
fund?
A:$12,500
B:$12,875
C:$13,000
40. D:$13,010
E:$13,014
Correct Answer D:
The first year cost is the purchase price + commission +
management fee + administrative fee = 500*25 + 500*25*0.03 +
500*25*0.01 + 10 = 12,500 + 375 + 125 + 10 = $$13,010.
23
Ch5-MC6
Advantages of investing in tax-exempt bond funds include all of
the following EXCEPT:
A:Diversification
B:Provides additional benefits to tax-deferred retirement plans
C:Automatic reinvesting
D:Fund maintains individual investor’s tax reports and records
E:Low initial deposit
Correct Answer B: Since retirement plans are already tax-
deferred, they will not benefit from tax-exempt securities
24
Ch32-A1
41. Angie deposits $250 in an account that earns 12% per year. If
no other deposits or withdrawals are made, how much will
Angie have in her account at the end of 15 years?
A:$ 280
B:$ 700
C:$1,368
D:$3,450
E:$4,200
Correct Answer C: By equation: 250*1.1215 = 250*5.4736 =
$1,368.
25
Ch8-A2
Zack needs a $100,000 loan to start his new business. Due to his
age and inexperience, he is unable to obtain a bank loan.
Possible alternatives to raise the funds include all of the
following EXCEPT
A:promissory note from his mother.
B:having his mother co-sign a bank loan.
C:selling personal assets.
D:issuing debt in the market.
E:all of the above are possible sources of funds for Zack.
42. Correct Answer D: Zack only needs $100,000 which is too small
for a debt issue.
26
Ch6-A1
A portfolio of Treasury bonds with coupon payment dates of
February 15 and August 15 that matures in 10 years may be
stripped into how many zero-coupon bonds?
A:0 since Treasury securities and not eligible for stripping
B:1
C:10
D:11
E:21
Correct Answer E:
The 10 year bond is stripped into 20 coupon-based zero coupon
bonds and the principal based zero for a total of 21 bonds.
27
Ch5-A1
Jason is in the 28% Federal income tax bracket and 7% New
43. York state income tax. He has invested in New York State
bonds that yields a 6% return. The taxable equivalent yield on
this bond is
A:6.45%
B:7.32%
C:8.54%
D:9.23%
E:10.61%
Correct Answer D:
Federal and state taxes = 28% + 7% = 35%. The tax equivalent
yield = 6/(1-0.35) = 6/0.65 = 9.23%.
28
Ch4-A1
XYZ Corporation has a cumulative preferred stock that pays $1
per share per quarter. The firm did not declare a dividend the
last two quarters. To be able to pay dividends to common
shareholders, the preferred stock dividend this coming quarter
must be
A:XYZ does not need to pay preferred stock dividends to be
able to pay common stock dividends
44. B:$1
C:$2
D:$3
E:$4
Correct Answer D:
All current and past dividends on cumulative preferred stock
must be paid for common shareholders to receive a dividend. At
$1 per quarter, the two missed quarters plus the current quarter
results in a $3 preferred stock dividend.
29
Ch11-MC4
Preferred stock with cumulative fixed dividends
A:Are required to pay dividends each quarter
B:Must pay the missed dividend before common shareholders
can receive dividends
C:Are taxed on the accumulated dividends
D:Are considered to be bankrupted if one year of dividends is
missed
E:All of the above are true
Correct Answer: B
45. 30
Ch2-A2
Diane has $85,000 to invest. She wants to invest in relatively
safe securities. Diane believes interest rates will decrease and
stabilize at a lower level over the next 5-10 years. She should
invest in
A:Treasury bills
B:Long-term Treasury notes or bonds
C:Equity
D:B-rated corporate bonds
E:Commercial paper
Correct Answer B:
Both Treasury bills and commercial paper are short-term and
will mature as interest rates decrease. This is not good since the
funds will have to be reinvested at the lower rates. The equity
and lower-quality corporate bond have too much risk for Diane.
She should lock-in the high rates of the relatively default-free
long-term Treasury notes or bonds.
11