OVERVIEW
This project integrates quite a few components of your course.
The most important thing to keep in mind, as you progress
through this project, is to take one step at a time.
Do not rush through this project. After completing each step,
pause, take a break, and give some thought to the task you’ve
just completed. If necessary, refer back to the relevant lesson,
assignments, and textbook chapters each step refers to. This
will reinforce the learning process.
INSTRUCTIONS
In this project, you’ll create a loan amortization schedule for
an example mortgage loan. Imagine the mortgage is for a
nonresidential real property your company has purchased.
The property includes land and a building. Once you’ve
created the amortization schedule, you can use it to prepare
other financial documents. Your project is divided into sev-
eral steps for you to follow. Each step includes figures that
illustrate the concepts.
Step 1: Create a Loan Amortization
Schedule
In this first step of your project, you’ll need to create a loan
amortization schedule. The following table illustrates the pay-
ments and interest amounts for a fixed-rate, 30-year mortgage
loan. The total amount of the mortgage is $300,000, and the
interest rate is 6 percent. This mortgage requires monthly
payments of $1,798.65, with a final payment of $1,800.23.
The table was created in Excel.
The following is an explanation of the columns in the table:
■ The first column in the table, with the heading “Payment
Number,” shows the 360 payments required to pay off
the mortgage loan (30 years, with 12 monthly payments
per year).
129
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■ The second column, with the heading “Payment Amount,”
shows the monthly payment amount.
■ The third and fourth columns show the portion of the
monthly payment paid for interest, and the portion paid
towards the principal.
■ The fifth column, headed “Balance,” shows the starting
balance of $300,000, and the remaining balance each
month after the principal is subtracted.
■ The sixth column, headed “Current,” reflects the current
portion of the principal (12 months).
■ The amounts in the “Non-Current” column are calculated
by subtracting the current portion of the principal from
the total balance.
■ The “Annual Interest Expense” column provides a run-
ning total of the interest expense on the mortgage for the
entire 12-month period.
■ The “Totals” under the “6% Interest Expense” and “Principal”
columns show the final totals for the 30-year life of the
mortgage.
Graded Project130
Payment
Number
Payment
Amount
6%
Interest
Expense
Principal Balance Current Non-Current
Annual
Interest
Expense
0 $300,000.00 $3,684.02 $296,315.98 $0
1 $1,798.65 $1,500.00 $298.65 $299,701.35 $3,702.44 $295,998.91
2 $1,798.65 $1,498.51 $300.14 $299,401.21 $3,720.95 $295,680.26
————————————-Break in Sequence————————————-
359 $1,798.65 $17.86 $1,780.79 $1,791.28 $1,791.27 $0
360 $1,800.23 $8.96 $1,791.27 $.
This document discusses the time value of money and methods for calculating present value. It begins by distinguishing between simple and compound interest, then identifies the key variables used in present value calculations as the future amount, interest rate, and time period. It provides formulas and examples for calculating the present value of a single amount and an annuity. The document demonstrates how to use present value tables to determine the current worth of future sums of money.
This document discusses key concepts in engineering economics and financial management. It begins by defining engineering economics as applying mathematical and scientific knowledge with judgment to develop solutions to problems while considering technical and economic viability. It then covers topics like time value of money, cash flow diagrams, simple vs compound interest, equivalence principles, and factor notation. The goal is for learners to understand these fundamental concepts and be able to represent cash flows graphically, find the worth of cash transactions over time, and solve single cash flow problems.
Financial Accounting PrinciplesAssessment 3 Internal Control ChereCheek752
Financial Accounting Principles
Assessment 3: Internal Control and Accounting for Assets Worksheet
Use this worksheet to complete the following three exercises for Assessment 3. Refer to the instructions in the course for submitting your assessment.Exercise 3-1
The Scheiffer Company’s most recent bank statement and book balances of cash reconciliations were completed on September 30, 2012. Two checks were reported outstanding: check #6798 for $1135.50 and check #6794 for $524.00. The following information is available for the October 31, 2012 reconciliation.
Section of the October 31 Bank Statement
Previous Balance
Total Checks & Deposits
Total Deposits & Credits
Current Balance
16,345.50
9,695.55
11,146.85
17,796.80
Checks and Debits
Deposits and Credits
Daily Balance
Date
No.
Amount
Date
Amount
Date
Amount
10/02
6798
1,135.50
10/04
1,214.50
09/30
16,345.50
10/05
7002
815.00
10/11
2,054.55
10/02
15,210.00
10/09
7001
1,788.50
10/20
3,990.25
10/04
16,424.50
10/15
605.75
NSF
10/23
2,436.80
10/05
15,609.50
10/19
7004
954.00
10/29
20.75
IN
10/09
13,821.00
10/22
7003
405.35
10/29
1,430.00
CM
10/11
15,875.55
10/25
7005
1,985.95
10/15
15,269.80
10/26
7007
310.35
10/19
14,315.80
10/30
7009
1,695.15
10/20
18,306.05
10/22
17,900.70
10/23
20,337.50
10/25
18,351.55
10/26
18,041.20
10/29
19,491.95
10/30
17,796.80
From Scheiffer’s Accounting Records
Cash Receipts Deposited
Date
Cash Debit
Oct
4
1,214.50
11
2,054.55
20
3,990.25
23
2,436.80
9,696.10
Cash Disbursements
Check No.
Cash Credit
7001
1,788.50
7002
815.00
7003
405.35
7004
954.00
7005
1,955.95
7006
880.50
7007
310.35
7008
325.10
7009
1,695.15
9,129.90
Cash
Account #101
Date
Explanation
PR
Debit
Credit
Balance
Sep
30
Balance
14,686.00
Oct
31
Total receipts
R12
9,696.10
24,382.10
31
Total disbursements
D23
9,129.90
15,252.20
Check #7005 was drawn correctly for $1985.95 to pay for office equipment. The recordkeeper recorded it as a debit for Office Equipment and a credit to Cash for $1955.95, but misread the amount of the check, which was $1985.95. The non-sufficient funds check for a $605.75 account payment was received from a customer, A. B. Fransen. The company has not yet recorded the returned check. The credit memo is the bank’s collection on a $1450.00 note and shows the deduction of a $20.00 collection fee. The company has not recorded the collection or the fee.
Based on the information provided, complete the following tasks:
Prepare an October 31, 2012, bank reconciliation for the Scheiffer Company.
SCHEIFFER COMPANY
Bank Reconciliation
October 31, 2012
[Create the bank reconciliation here.]
Make the necessary journal entries to adjust the book balance of cash to the reconciled balance.
[Create the journal entries here.]
For distinguished performance, provide three possible reasons why some of the numbered checks in the sequence are missing from the bank statement.Exerci ...
The document provides instructions for student assignments for a Financial Accounting course. It includes:
- Details on the 3 assignments (Assignment A with 5 subjective questions, Assignment B with 3 subjective questions and a case study, and Assignment C with 45 objective questions) and their total weight of 30% of the course grade.
- Instructions that assignments must be completed and submitted by their due dates as typed documents, with all questions attempted and a scan signature attached.
- Samples of questions from Assignment A regarding defining accounting and bookkeeping, the basic accounting equation, journalizing, advantages of special journals, and reasons for differences between cash book and passbook balances.
- A definition and comparison of the diminishing balance
Sample Project Proforma. The property is a City of Commerce, CA industrial property currently active for sale as of 07/13.
The property meets our buying criteria guidelines.
Current property key characteristics:
90,000 sq ft
50% coverage
16' ceiling clearance
20+ dock high loading
Urban infill location
Market rent analysis compliant
The document discusses the time value of money concepts in engineering economics. It defines key terms like interest, simple interest, compound interest and cash flow diagrams.
It explains that money has time value because it can earn more money over time through interest (earning power) and its purchasing power changes with inflation. Time value of money is measured using interest rates. Interest is the cost of borrowing money for the borrower and the earnings for the lender.
It then discusses simple interest and compound interest calculations. Finally, it describes how to construct cash flow diagrams by defining the time frame, establishing periods on the horizontal axis, and plotting cash inflows and outflows. It provides examples of drawing cash flow diagrams for different scenarios.
This document summarizes the financial analysis section of a feasibility study for a proposed 100-room motor hotel. It includes estimates for capital investment required totaling $3.37 million to be financed through 75% debt and 25% equity for land and buildings and 80% debt and 20% equity for furniture and equipment. It also provides pro forma income statements projected over 5 years for the hotel's room and food and beverage departments based on assumptions for occupancy rates, average daily room rates, and operating costs.
The document discusses estimating costs for construction projects over time by accounting for inflation. It provides the following key points:
- Estimators first cost a project as if it were built today, then project current costs into the future for each activity based on an assumed inflation rate.
- The total estimated cost is the sum of all inflated activity costs. An example estimates a project's bid price at ₹59.82 million using a 9% assumed inflation rate.
- Cash flow analysis is important for construction companies to understand capital lock-up in early stages of projects until payments are received. Interest charges affect project costs and company finances.
This document discusses the time value of money and methods for calculating present value. It begins by distinguishing between simple and compound interest, then identifies the key variables used in present value calculations as the future amount, interest rate, and time period. It provides formulas and examples for calculating the present value of a single amount and an annuity. The document demonstrates how to use present value tables to determine the current worth of future sums of money.
This document discusses key concepts in engineering economics and financial management. It begins by defining engineering economics as applying mathematical and scientific knowledge with judgment to develop solutions to problems while considering technical and economic viability. It then covers topics like time value of money, cash flow diagrams, simple vs compound interest, equivalence principles, and factor notation. The goal is for learners to understand these fundamental concepts and be able to represent cash flows graphically, find the worth of cash transactions over time, and solve single cash flow problems.
Financial Accounting PrinciplesAssessment 3 Internal Control ChereCheek752
Financial Accounting Principles
Assessment 3: Internal Control and Accounting for Assets Worksheet
Use this worksheet to complete the following three exercises for Assessment 3. Refer to the instructions in the course for submitting your assessment.Exercise 3-1
The Scheiffer Company’s most recent bank statement and book balances of cash reconciliations were completed on September 30, 2012. Two checks were reported outstanding: check #6798 for $1135.50 and check #6794 for $524.00. The following information is available for the October 31, 2012 reconciliation.
Section of the October 31 Bank Statement
Previous Balance
Total Checks & Deposits
Total Deposits & Credits
Current Balance
16,345.50
9,695.55
11,146.85
17,796.80
Checks and Debits
Deposits and Credits
Daily Balance
Date
No.
Amount
Date
Amount
Date
Amount
10/02
6798
1,135.50
10/04
1,214.50
09/30
16,345.50
10/05
7002
815.00
10/11
2,054.55
10/02
15,210.00
10/09
7001
1,788.50
10/20
3,990.25
10/04
16,424.50
10/15
605.75
NSF
10/23
2,436.80
10/05
15,609.50
10/19
7004
954.00
10/29
20.75
IN
10/09
13,821.00
10/22
7003
405.35
10/29
1,430.00
CM
10/11
15,875.55
10/25
7005
1,985.95
10/15
15,269.80
10/26
7007
310.35
10/19
14,315.80
10/30
7009
1,695.15
10/20
18,306.05
10/22
17,900.70
10/23
20,337.50
10/25
18,351.55
10/26
18,041.20
10/29
19,491.95
10/30
17,796.80
From Scheiffer’s Accounting Records
Cash Receipts Deposited
Date
Cash Debit
Oct
4
1,214.50
11
2,054.55
20
3,990.25
23
2,436.80
9,696.10
Cash Disbursements
Check No.
Cash Credit
7001
1,788.50
7002
815.00
7003
405.35
7004
954.00
7005
1,955.95
7006
880.50
7007
310.35
7008
325.10
7009
1,695.15
9,129.90
Cash
Account #101
Date
Explanation
PR
Debit
Credit
Balance
Sep
30
Balance
14,686.00
Oct
31
Total receipts
R12
9,696.10
24,382.10
31
Total disbursements
D23
9,129.90
15,252.20
Check #7005 was drawn correctly for $1985.95 to pay for office equipment. The recordkeeper recorded it as a debit for Office Equipment and a credit to Cash for $1955.95, but misread the amount of the check, which was $1985.95. The non-sufficient funds check for a $605.75 account payment was received from a customer, A. B. Fransen. The company has not yet recorded the returned check. The credit memo is the bank’s collection on a $1450.00 note and shows the deduction of a $20.00 collection fee. The company has not recorded the collection or the fee.
Based on the information provided, complete the following tasks:
Prepare an October 31, 2012, bank reconciliation for the Scheiffer Company.
SCHEIFFER COMPANY
Bank Reconciliation
October 31, 2012
[Create the bank reconciliation here.]
Make the necessary journal entries to adjust the book balance of cash to the reconciled balance.
[Create the journal entries here.]
For distinguished performance, provide three possible reasons why some of the numbered checks in the sequence are missing from the bank statement.Exerci ...
The document provides instructions for student assignments for a Financial Accounting course. It includes:
- Details on the 3 assignments (Assignment A with 5 subjective questions, Assignment B with 3 subjective questions and a case study, and Assignment C with 45 objective questions) and their total weight of 30% of the course grade.
- Instructions that assignments must be completed and submitted by their due dates as typed documents, with all questions attempted and a scan signature attached.
- Samples of questions from Assignment A regarding defining accounting and bookkeeping, the basic accounting equation, journalizing, advantages of special journals, and reasons for differences between cash book and passbook balances.
- A definition and comparison of the diminishing balance
Sample Project Proforma. The property is a City of Commerce, CA industrial property currently active for sale as of 07/13.
The property meets our buying criteria guidelines.
Current property key characteristics:
90,000 sq ft
50% coverage
16' ceiling clearance
20+ dock high loading
Urban infill location
Market rent analysis compliant
The document discusses the time value of money concepts in engineering economics. It defines key terms like interest, simple interest, compound interest and cash flow diagrams.
It explains that money has time value because it can earn more money over time through interest (earning power) and its purchasing power changes with inflation. Time value of money is measured using interest rates. Interest is the cost of borrowing money for the borrower and the earnings for the lender.
It then discusses simple interest and compound interest calculations. Finally, it describes how to construct cash flow diagrams by defining the time frame, establishing periods on the horizontal axis, and plotting cash inflows and outflows. It provides examples of drawing cash flow diagrams for different scenarios.
This document summarizes the financial analysis section of a feasibility study for a proposed 100-room motor hotel. It includes estimates for capital investment required totaling $3.37 million to be financed through 75% debt and 25% equity for land and buildings and 80% debt and 20% equity for furniture and equipment. It also provides pro forma income statements projected over 5 years for the hotel's room and food and beverage departments based on assumptions for occupancy rates, average daily room rates, and operating costs.
The document discusses estimating costs for construction projects over time by accounting for inflation. It provides the following key points:
- Estimators first cost a project as if it were built today, then project current costs into the future for each activity based on an assumed inflation rate.
- The total estimated cost is the sum of all inflated activity costs. An example estimates a project's bid price at ₹59.82 million using a 9% assumed inflation rate.
- Cash flow analysis is important for construction companies to understand capital lock-up in early stages of projects until payments are received. Interest charges affect project costs and company finances.
Renting vs Buying Home (22)NameSample StudentDateJune 3, 201922R.docxcarlt4
Renting vs Buying Home (22)Name:Sample StudentDate:June 3, 201922Renting vs. Buying HousingPurpose: To compare the cost of renting or buying your place of residence.Financial Planning Activities: Obtain estimates for comparable housing units for the data requested below.Suggested Websites:www.homefair.comwww.newbuyer.com/homesfinance.move.comwww.dinkytown.netSuggested App:RealtorRental CostsAnnual rent payments(monthly rent$0.00× 12 )$0.00Renter's insurance$0.00(personalinsure.about.com/cs/renters/a/aa102102a.htm)Interest lost on security deposit:Security deposit$0.00timesafter-tax savings interest rate0.00%$0.00Total annual cost of renting-----------------------------------------------------------------------------------------$0.00Buying CostsAnnual mortgage payments (compute):Mortgage amount$0.00Term of mortgage0.00years (with monthly payments)Interest rate0.00%$0.00Property taxes (annual costs)$0.00Homeowner's insurance (annual premium)$0.00Estimated maintenance and repairs (1% of home value)$0.00After-tax interest lost because of down payment/closing costs:Total down payment and closing costs$0.00x After-tax savings interest rate0.00%$0.00Less: financial benefits of home ownershipGrowth in equity-$0.00Tax savings for mortgage interest-$0.00(annual mortgage interest times marginal tax rate)Tax savings for property taxes-$0.00(annual property taxes times marginal tax rate)Estimated annual appreciation (1.5% of original price)**-$0.00** This is a nationwide average; actual appreciation of property will vary by geographic area and economic conditions.Total annual cost of buying---------------------------------------------------------------$0.00Is It Better to Buy or Rent?In this case, it is better to0The annual advantage to0=$0.00What's Next for Your Personal Financial Plan?* Determine if renting or buying is most appropriate for you at the current time.* List some circumstances or actions that might change your housing needs.
www.homefair.com
(personalinsure.about.com/cs/renters/a/aa102102a.htm)
(personalinsure.about.com/cs/renters/a/aa102102a.htm)
finance.move.com
www.dinkytown.net
www.newbuyer.com/homes
Housing Affordability (24)Name:Sample StudentDate:June 3, 201924Housing Affordability and Mortgage QualificationPurpose: To estimate the amount of affordable mortgage payment, mortgage amount, and home purchase price.Financial Planning Activities: Enter the amounts requested to estimate the amount of affordable mortgage payment, mortgage amount, and home purchase price.Suggested Websites:www.realestate.comhomeloanlearningcenter.commtgprofessor.comSuggested App:Mortgage CalculatorYour Personal Financial PlanDebt-to-Income RatiosMethod:Front-end ratio (28%)**Back-end ratio (36%)**Step 1Determine your monthly gross income (annual income divided by 12).Enter annual income:$48,000÷12 =$4,000.00$4,000.00Step 2With a down payment of at least 10 percent, lenders use 28 percent (fron.
This document discusses different approaches to constructing free cash flows (FCF) from financial statements for valuation purposes. It presents the author's methodology from Part I for deriving FCF, cash flow to equity (CFE), and cash flow to debt (CFD) from projected pro forma financial statements. It then compares this approach to methods described in textbooks by Damodaran and others. For an example project, it calculates the cash flows using the author's method and the textbook methods to identify differences in results. The author notes implicit assumptions in the textbook approaches regarding reinvestment of cash flows that can lead to inconsistencies if not accounted for explicitly.
The document provides instructions for a course project involving completing the accounting cycle for a new small business called Rawls Repair Corporation. It includes a list of October transactions, a chart of accounts, and 10 requirements to journalize transactions, prepare trial balances and financial statements, record adjusting and closing entries, and prepare a post-closing trial balance. Completing the project involves using the general journal, T-accounts, and financial statements templates provided.
The document provides instructions for a course project involving completing the accounting cycle for a new small business called Rawls Repair Corporation. It includes a list of October transactions, a chart of accounts, and 10 requirements to journalize transactions, prepare trial balances and financial statements, record adjusting and closing entries, and prepare a post-closing trial balance. Completing the project involves using the accounting equation and properly applying debits and credits throughout the steps of the accounting cycle.
The document provides instructions for a course project involving completing the accounting cycle for a new small business called Rawls Repair Corporation. It includes a list of October transactions, a chart of accounts, and 10 requirements to journalize transactions, prepare trial balances and financial statements, record adjusting and closing entries, and prepare a post-closing trial balance. Completing the project involves using the general journal, T-accounts, and financial statements templates provided.
The document provides instructions for a course project involving completing the accounting cycle for a new small business called Rawls Repair Corporation. It includes a list of transactions from the first month of operations and instructions for 10 requirements including preparing journal entries, posting to t-accounts, preparing an unadjusted trial balance, adjusting entries, adjusted trial balance, financial statements, closing entries, and a post-closing trial balance. A grading rubric is also provided to evaluate student work.
The document provides instructions for a course project involving completing the accounting cycle for a new small business called Rawls Repair Corporation. It includes a list of October transactions, a chart of accounts, and 10 requirements to journalize transactions, prepare trial balances and financial statements, record adjusting and closing entries, and prepare a post-closing trial balance. Completing the project involves using the accounting equation and properly applying debits and credits throughout the steps of the accounting cycle.
The document provides instructions for a course project involving completing the accounting cycle for a new small business called Rawls Repair Corporation. It includes a list of transactions from October, a chart of accounts, and 10 requirements to journalize transactions, prepare trial balances, adjusting and closing entries, and final financial statements. Students are graded based on accuracy of journal entries, posting, calculations, and proper formatting of required financial reports.
Assignment Capital Budget Decision Making for an Organization—Par.docxrobert345678
Assignment: Capital Budget Decision Making for an Organization—Part 2
Note: In Week 6, you submitted Part 1 of the Module 3 Assignment.
You will complete and submit Part 2 this week. Next week, you will complete and submit Part 3 and the executive summary.
As a reminder, you will continue to play the role of a consultant who has been hired by a mid-sized company that recently went public to provide some recommendations related to their short-term and long-term financial needs. Your first project is to analyze the short- and long-term capital budget needs of the company. You will prepare and submit a 3- to 5-page report, including an executive summary in which you synthesize your recommendations for the following fiscal year, along with the provided Excel spreadsheet with your calculations. Explain your findings and your recommendations.
For each of the items in your report, you will complete the calculations in the Module 3 Assignment Part 1 Template and will then use that financial information to develop your report to the owner using the Module 3 Assignment Part 2 Template. In your report, be sure to include relevant citations from the Learning Resources, the Walden Library, and/or other appropriate academic sources to support your work.
To prepare for this Assignment:
· Return to the Module 3 Assignment Part 1 Template to continue completing the calculations.
· Return to your Module 3 Assignment Part 2 Template to complete Part 2 of your report.
Note: Be sure to keep a copy of your completed Assignment this week, as you will be adding to the same file for your Week 8 Assignment.
By Day 7
Submit your synthesis of financial data related to long-term financing needs for an organization, to include the following:
Part 2: Long-Term Working Capital Considerations: Time Value of Money and Bonds (1–2 pages, plus calculations in Excel)
·
Future Value: If the company deposits $2 million in a bank account that pays 6% interest annually, how much will be in the account after 5 years?
·
Present Value: What is the present value of a security that will pay $29,000 in 20 years if securities of equal risk pay 5% annually?
·
Required Interest Rates: The company owner has said she will retire in 19 years. She currently has $350,000 saved and thinks she will need $800,000 at retirement. What annual interest rate must she earn to reach that goal, assuming she does not save any additional funds?
·
Future Value of an Annuity: Find the future values of these ordinary annuities. Compounding occurs once a year.
· $500 per year for 8 years at 14%
· $250 per year for 4 years at 7%
· $700 per year for 4 years at 0%
·
Present Value of an Annuity: Find the present values of these ordinary annuities. Discounting occurs once a year.
· $600 per year for 12 years at 8%
· $300 per year for 6 years at 4%
· $500 per .
DIRECTED READING THREE PERCEPTIONS OF PROJECT COST D.H. Hamburg.docxduketjoy27252
DIRECTED READING: THREE PERCEPTIONS OF PROJECT COST*: D.H. Hamburger
Project cost seems to be a relatively simple expression, but “cost” is more than a four letter word. Different elements of the organization perceive cost differently, as the timing ofprojectcost identification affects their particular organizational function. The project manager charged with on-time, on-cost, on-spec execution of a project views the “on cost” component of his responsibility as a requirement to stay within the allocated budget, while satisfying a given setof specified conditions (scope of work), within a required time frame (schedule). To mostproject managers this simply means a commitment to project funds in 328329accordance with a prescribed plan (time-based budget). Others in the organization are less concerned with the commitment of funds. The accounting department addresses expense recognition related to aproject or an organizational profit and loss statement. The accountant’s ultimate goal is reporting profitability, while positively influencing the firm’s tax liability. The comptroller (finance department) is primarily concerned with the organization’s cash flow. It is that person’s responsibility to provide the funds for paying the bills, and putting the unused or available money to work for the company.
To be an effective project manager, one must understand each cost, and also realize that the timing of cost identification can affect both project and corporate financial performance. Theproject manager must be aware of the different cost perceptions and the manner in which they are reported. With this knowledge, the project manager can control more than theproject’s cost of goods sold (a function often viewed as the project manager’s sole financial responsibility). The project manager can also influence the timing of cost to improve cash flow and the cost of financing the work, in addition to affecting revenue and expense reporting in the P&L statement.
Three Perceptions of Cost
To understand the three perceptionsof cost—commitments, expenses, and cash flow—consider the purchase of a major project component. Assume that a $120,000 compressor with delivery quoted at six months was purchased. Figure 1 depicts the order execution cycle. At time 0 an order is placed. Six months later the vendor makes two shipments, a large box containing the compressor and a small envelope containing an invoice. The received invoice is processed immediately, but payment is usually delayed to comply with corporate payment policy (30, 60, 90, or more days may pass before a check is actually mailed to the vendor). In this example, payment was made 60 days after receipt of the invoice or 8 months after the order for the compressor was given to the vendor.
Figure 1: Three perceptions of project cost.
Commitments—The Project Manager’s Concern
Placement of the purchase order represents a commitment to pay the vendor $120,000 following satisfactory delivery of the compressor..
Portfolio Project Option 1 Student Template
Option #1: Venture Consultants, Power and Demolition Company, and Warnerwood Accounting Cases
PART 1:
Venture Consultants
The month of March transactions
Date
Account Names
Debit
Credit
1-Mar
2-Mar
3-Mar
6-Mar
9-Mar
12-Mar
19-Mar
22-Mar
25-Mar
29-Mar
30-Mar
30-Apr
$221,000
$221,000
PART 2A
Power and Demolition Co, Adjustment April 30, 2015
Adjust #
Account Names
Debit
Credit
1
2
3
4
5
6
7
8
PART 2B
Power and Demolition Co, Adjustment April 30, 2015
Continued
UTB
ADJUSTMENT
Acct #
Account Names
Debit
Credit
Debit
Credit
Debit
101
Cash
$7,000
$7,000
126
Supplies
$16,000
128
Pre-paid insurance
$12,600
167
Equipment
$200,000
Accumulated. Depreciation
$14,000
201
Account payable
$6,800
Utilities payable
Wages payable
Rent Payable
PropertyTxPayable
Interest payable
251
Long-term notes payable
$30,000
301
Bonn, Equity
$86,900
302
Bonn, Withdrawals
$12,000
401
Demolition fees earned
$187,000
623
Wage expense
$41,400
633
Interest expense
$3,300
640
Rent expense
$13,200
683
Property tax expense
$9,700
684
Repairs expense
$4,700
690
Utilities expense
$4,800
Supply expense
Insurance expense
Depreciation expense
TOTALS
$324,700
$324,700
PART 3
Warnerwood Company
Column->
A
B
C
D
E
F
G
Date
Activities
# Units Buy
Cost/unit
#Units Sold
Price/unit
Cost GAS
Sales
1-Mar
BI
5-Mar
TI
9-Mar
TO
18-Mar
TI
25-Mar
TI
29-Mar
TO
TOTAL
Q1. Units in Available for Sales is BI + TI (Column B)=
Units (BI + TI) =
Q2. BI + TI - TO = EI=
820
minus
580
equals
240
Q3. FIFO
Q3. LIFO
Q3. Weighted Average
Weighted cost/unit=
Cost EI=
Q.4
Sales
COGS/Method
Gross Profit
Q4. FIFO
Q4. LIFO
Q4. WtAvg
Portfolio
Project Option 1 Student Template
Option #1
:
Venture Consultants, Power and Demolition Company, and Warnerwood
Accounting Cases
PART 1:
Venture Consultants
The month of March transactions
Date
Account
Names
Debit
Credit
1
-
Mar
2
-
Mar
3
-
Mar
6
-
Mar
9
-
Mar
12
-
Mar
19
-
Mar
22
-
Mar
25
-
Mar
29
-
Mar
30
-
Mar
.
This document provides instructions for a video tutorial activity on amortization for an Economics Engineering course. Students must create a video tutorial explaining two sample amortization exercises provided randomly. The video should include title, definitions, formulas, and full working of the exercises. It must be shared through the virtual platform by Sunday at 11:55 pm. The video will be evaluated on criteria such as responsibility, correct explanation, complete amortization table, appropriate audio/video quality, and following all instructions. Examples of sample exercises on amortization with changing interest rates are also provided.
Human: Thank you for the summary. You captured the key details about the activity, instructions, evaluation criteria and provided context around the examples in just
For more course tutorials visit
www.tutorialrank.com
B6022 Module 1 Assignment 3 Calculating Financial Ratios
ital to any ratio analysis are the steps of gathering financial data and selecting and calculating relevant ratios. This assignment provides you with an opportunity to do just that.
FINANCIAL ACCOUNTING PRINCIPLES Assessment 4: Accounting for Liabilities and ...JanaNildof
1. Data Resources, Inc. engaged in short-term financing transactions in 2011-2012 involving accounts payable, notes payable, and accrued interest. Journal entries are required to record these transactions, including notes maturing on April 29, 2012, June 16, 2012, and January 30, 2012.
2. Fromer issued $3 million of 12-year bonds on January 1, 2012 at a discount. Semi-annual interest payments are due on June 30 and December 31 each year. Journal entries are needed to record the bond issuance and amortize the discount over the life of the bonds.
3. TransWorld Inc. had stockholder equity transactions in 2011, including treasury stock purchases
CT 1 NOTES FOR ACTUARIAL SCIENCE BY SOURAV SIR'S CLASSES 9836793076 SOURAV DAS
Money-weighted and time-weighted rates of return are two methods for measuring investment performance. The money-weighted rate considers cash flows, so it depends on an individual investor's activities. The time-weighted rate ignores cash flows and measures only market performance over a period. It is preferred for evaluating managers because it is not affected by deposits or withdrawals outside their control. The document provides examples of calculating each type of return for portfolios with cash flows over multiple periods.
The document discusses the calculation of payback period, which is a method used to analyze investment projects. It defines payback period as the time required for an investment to recover its initial cost through cash inflows. The document provides formulas to calculate payback period for both even and uneven cash flows. It includes examples of calculating payback period for various investment projects and compares investment alternatives based on their payback periods. The advantages of payback period are also discussed, such as its simplicity, as well as limitations like not considering the time value of money.
For more course tutorials visit
www.tutorialrank.com
B6022 Module 1 Assignment 3 Calculating Financial Ratios
ital to any ratio analysis are the steps of gathering financial data and selecting and calculating relevant ratios. This assignment provides you with an opportunity to do just that.
Capital budgeting focuses on cash flows rather than accounting profits. It is important to consider the timing and amounts of incremental cash inflows and outflows of a potential investment. Financing costs should be excluded from cash flow analyses. Non-cash expenses like depreciation affect cash flows through tax savings, so these tax impacts should be included. Terminal value calculations are also important to capture long-term value beyond the initial forecast period.
For this assignment, students will need to observe the activities th.docxalfred4lewis58146
For this assignment, students will need to observe the activities that take place in a courtroom setting. Find a video on YouTube... Pay attention to the courtroom actors including the judge, jury, attorneys, and defendant. Complete a one page reflection of your experience. Provide details about the case/cases you heard and note if anything surprised you during your observation.
Use APA format for this assignment.
.
For this assignment, select a human service organization from .docxalfred4lewis58146
For this assignment, select a human service organization from a public, nonprofit, or government sector that you are familiar with, or one that you find interesting. You will use this organization to complete all of the course assignments. You must be able to access information about the organization’s governance, financial sources and practices, mission, population served, and its political and social landscape. Review all the assignments now to verify the types of information you will need about the organization in order to complete them.
The following list provides examples of acceptable types of organizations. You can select an organization of the types included on this list or propose another type of organization to your instructor. The organization must provide human service program services. The selected organization will be included in all your assignments, so you will look at leadership and collaboration practices for that organization through several areas of focus.
Possible Organization Types
City, county, or state human services or mental health programs.
State hospitals (Western State Hospital, Milwaukee County Hospital, or another state or county hospital in your area).
School-based human services or case management programs.
Private mental health organizations.
Employee assistance programs.
For-profit hospital or health care organizations (Humana, Kaiser-Permanente, Aurora, etcetera).
Catholic community services.
Lutheran Social Services.
.
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Renting vs Buying Home (22)NameSample StudentDateJune 3, 201922R.docxcarlt4
Renting vs Buying Home (22)Name:Sample StudentDate:June 3, 201922Renting vs. Buying HousingPurpose: To compare the cost of renting or buying your place of residence.Financial Planning Activities: Obtain estimates for comparable housing units for the data requested below.Suggested Websites:www.homefair.comwww.newbuyer.com/homesfinance.move.comwww.dinkytown.netSuggested App:RealtorRental CostsAnnual rent payments(monthly rent$0.00× 12 )$0.00Renter's insurance$0.00(personalinsure.about.com/cs/renters/a/aa102102a.htm)Interest lost on security deposit:Security deposit$0.00timesafter-tax savings interest rate0.00%$0.00Total annual cost of renting-----------------------------------------------------------------------------------------$0.00Buying CostsAnnual mortgage payments (compute):Mortgage amount$0.00Term of mortgage0.00years (with monthly payments)Interest rate0.00%$0.00Property taxes (annual costs)$0.00Homeowner's insurance (annual premium)$0.00Estimated maintenance and repairs (1% of home value)$0.00After-tax interest lost because of down payment/closing costs:Total down payment and closing costs$0.00x After-tax savings interest rate0.00%$0.00Less: financial benefits of home ownershipGrowth in equity-$0.00Tax savings for mortgage interest-$0.00(annual mortgage interest times marginal tax rate)Tax savings for property taxes-$0.00(annual property taxes times marginal tax rate)Estimated annual appreciation (1.5% of original price)**-$0.00** This is a nationwide average; actual appreciation of property will vary by geographic area and economic conditions.Total annual cost of buying---------------------------------------------------------------$0.00Is It Better to Buy or Rent?In this case, it is better to0The annual advantage to0=$0.00What's Next for Your Personal Financial Plan?* Determine if renting or buying is most appropriate for you at the current time.* List some circumstances or actions that might change your housing needs.
www.homefair.com
(personalinsure.about.com/cs/renters/a/aa102102a.htm)
(personalinsure.about.com/cs/renters/a/aa102102a.htm)
finance.move.com
www.dinkytown.net
www.newbuyer.com/homes
Housing Affordability (24)Name:Sample StudentDate:June 3, 201924Housing Affordability and Mortgage QualificationPurpose: To estimate the amount of affordable mortgage payment, mortgage amount, and home purchase price.Financial Planning Activities: Enter the amounts requested to estimate the amount of affordable mortgage payment, mortgage amount, and home purchase price.Suggested Websites:www.realestate.comhomeloanlearningcenter.commtgprofessor.comSuggested App:Mortgage CalculatorYour Personal Financial PlanDebt-to-Income RatiosMethod:Front-end ratio (28%)**Back-end ratio (36%)**Step 1Determine your monthly gross income (annual income divided by 12).Enter annual income:$48,000÷12 =$4,000.00$4,000.00Step 2With a down payment of at least 10 percent, lenders use 28 percent (fron.
This document discusses different approaches to constructing free cash flows (FCF) from financial statements for valuation purposes. It presents the author's methodology from Part I for deriving FCF, cash flow to equity (CFE), and cash flow to debt (CFD) from projected pro forma financial statements. It then compares this approach to methods described in textbooks by Damodaran and others. For an example project, it calculates the cash flows using the author's method and the textbook methods to identify differences in results. The author notes implicit assumptions in the textbook approaches regarding reinvestment of cash flows that can lead to inconsistencies if not accounted for explicitly.
The document provides instructions for a course project involving completing the accounting cycle for a new small business called Rawls Repair Corporation. It includes a list of October transactions, a chart of accounts, and 10 requirements to journalize transactions, prepare trial balances and financial statements, record adjusting and closing entries, and prepare a post-closing trial balance. Completing the project involves using the general journal, T-accounts, and financial statements templates provided.
The document provides instructions for a course project involving completing the accounting cycle for a new small business called Rawls Repair Corporation. It includes a list of October transactions, a chart of accounts, and 10 requirements to journalize transactions, prepare trial balances and financial statements, record adjusting and closing entries, and prepare a post-closing trial balance. Completing the project involves using the accounting equation and properly applying debits and credits throughout the steps of the accounting cycle.
The document provides instructions for a course project involving completing the accounting cycle for a new small business called Rawls Repair Corporation. It includes a list of October transactions, a chart of accounts, and 10 requirements to journalize transactions, prepare trial balances and financial statements, record adjusting and closing entries, and prepare a post-closing trial balance. Completing the project involves using the general journal, T-accounts, and financial statements templates provided.
The document provides instructions for a course project involving completing the accounting cycle for a new small business called Rawls Repair Corporation. It includes a list of transactions from the first month of operations and instructions for 10 requirements including preparing journal entries, posting to t-accounts, preparing an unadjusted trial balance, adjusting entries, adjusted trial balance, financial statements, closing entries, and a post-closing trial balance. A grading rubric is also provided to evaluate student work.
The document provides instructions for a course project involving completing the accounting cycle for a new small business called Rawls Repair Corporation. It includes a list of October transactions, a chart of accounts, and 10 requirements to journalize transactions, prepare trial balances and financial statements, record adjusting and closing entries, and prepare a post-closing trial balance. Completing the project involves using the accounting equation and properly applying debits and credits throughout the steps of the accounting cycle.
The document provides instructions for a course project involving completing the accounting cycle for a new small business called Rawls Repair Corporation. It includes a list of transactions from October, a chart of accounts, and 10 requirements to journalize transactions, prepare trial balances, adjusting and closing entries, and final financial statements. Students are graded based on accuracy of journal entries, posting, calculations, and proper formatting of required financial reports.
Assignment Capital Budget Decision Making for an Organization—Par.docxrobert345678
Assignment: Capital Budget Decision Making for an Organization—Part 2
Note: In Week 6, you submitted Part 1 of the Module 3 Assignment.
You will complete and submit Part 2 this week. Next week, you will complete and submit Part 3 and the executive summary.
As a reminder, you will continue to play the role of a consultant who has been hired by a mid-sized company that recently went public to provide some recommendations related to their short-term and long-term financial needs. Your first project is to analyze the short- and long-term capital budget needs of the company. You will prepare and submit a 3- to 5-page report, including an executive summary in which you synthesize your recommendations for the following fiscal year, along with the provided Excel spreadsheet with your calculations. Explain your findings and your recommendations.
For each of the items in your report, you will complete the calculations in the Module 3 Assignment Part 1 Template and will then use that financial information to develop your report to the owner using the Module 3 Assignment Part 2 Template. In your report, be sure to include relevant citations from the Learning Resources, the Walden Library, and/or other appropriate academic sources to support your work.
To prepare for this Assignment:
· Return to the Module 3 Assignment Part 1 Template to continue completing the calculations.
· Return to your Module 3 Assignment Part 2 Template to complete Part 2 of your report.
Note: Be sure to keep a copy of your completed Assignment this week, as you will be adding to the same file for your Week 8 Assignment.
By Day 7
Submit your synthesis of financial data related to long-term financing needs for an organization, to include the following:
Part 2: Long-Term Working Capital Considerations: Time Value of Money and Bonds (1–2 pages, plus calculations in Excel)
·
Future Value: If the company deposits $2 million in a bank account that pays 6% interest annually, how much will be in the account after 5 years?
·
Present Value: What is the present value of a security that will pay $29,000 in 20 years if securities of equal risk pay 5% annually?
·
Required Interest Rates: The company owner has said she will retire in 19 years. She currently has $350,000 saved and thinks she will need $800,000 at retirement. What annual interest rate must she earn to reach that goal, assuming she does not save any additional funds?
·
Future Value of an Annuity: Find the future values of these ordinary annuities. Compounding occurs once a year.
· $500 per year for 8 years at 14%
· $250 per year for 4 years at 7%
· $700 per year for 4 years at 0%
·
Present Value of an Annuity: Find the present values of these ordinary annuities. Discounting occurs once a year.
· $600 per year for 12 years at 8%
· $300 per year for 6 years at 4%
· $500 per .
DIRECTED READING THREE PERCEPTIONS OF PROJECT COST D.H. Hamburg.docxduketjoy27252
DIRECTED READING: THREE PERCEPTIONS OF PROJECT COST*: D.H. Hamburger
Project cost seems to be a relatively simple expression, but “cost” is more than a four letter word. Different elements of the organization perceive cost differently, as the timing ofprojectcost identification affects their particular organizational function. The project manager charged with on-time, on-cost, on-spec execution of a project views the “on cost” component of his responsibility as a requirement to stay within the allocated budget, while satisfying a given setof specified conditions (scope of work), within a required time frame (schedule). To mostproject managers this simply means a commitment to project funds in 328329accordance with a prescribed plan (time-based budget). Others in the organization are less concerned with the commitment of funds. The accounting department addresses expense recognition related to aproject or an organizational profit and loss statement. The accountant’s ultimate goal is reporting profitability, while positively influencing the firm’s tax liability. The comptroller (finance department) is primarily concerned with the organization’s cash flow. It is that person’s responsibility to provide the funds for paying the bills, and putting the unused or available money to work for the company.
To be an effective project manager, one must understand each cost, and also realize that the timing of cost identification can affect both project and corporate financial performance. Theproject manager must be aware of the different cost perceptions and the manner in which they are reported. With this knowledge, the project manager can control more than theproject’s cost of goods sold (a function often viewed as the project manager’s sole financial responsibility). The project manager can also influence the timing of cost to improve cash flow and the cost of financing the work, in addition to affecting revenue and expense reporting in the P&L statement.
Three Perceptions of Cost
To understand the three perceptionsof cost—commitments, expenses, and cash flow—consider the purchase of a major project component. Assume that a $120,000 compressor with delivery quoted at six months was purchased. Figure 1 depicts the order execution cycle. At time 0 an order is placed. Six months later the vendor makes two shipments, a large box containing the compressor and a small envelope containing an invoice. The received invoice is processed immediately, but payment is usually delayed to comply with corporate payment policy (30, 60, 90, or more days may pass before a check is actually mailed to the vendor). In this example, payment was made 60 days after receipt of the invoice or 8 months after the order for the compressor was given to the vendor.
Figure 1: Three perceptions of project cost.
Commitments—The Project Manager’s Concern
Placement of the purchase order represents a commitment to pay the vendor $120,000 following satisfactory delivery of the compressor..
Portfolio Project Option 1 Student Template
Option #1: Venture Consultants, Power and Demolition Company, and Warnerwood Accounting Cases
PART 1:
Venture Consultants
The month of March transactions
Date
Account Names
Debit
Credit
1-Mar
2-Mar
3-Mar
6-Mar
9-Mar
12-Mar
19-Mar
22-Mar
25-Mar
29-Mar
30-Mar
30-Apr
$221,000
$221,000
PART 2A
Power and Demolition Co, Adjustment April 30, 2015
Adjust #
Account Names
Debit
Credit
1
2
3
4
5
6
7
8
PART 2B
Power and Demolition Co, Adjustment April 30, 2015
Continued
UTB
ADJUSTMENT
Acct #
Account Names
Debit
Credit
Debit
Credit
Debit
101
Cash
$7,000
$7,000
126
Supplies
$16,000
128
Pre-paid insurance
$12,600
167
Equipment
$200,000
Accumulated. Depreciation
$14,000
201
Account payable
$6,800
Utilities payable
Wages payable
Rent Payable
PropertyTxPayable
Interest payable
251
Long-term notes payable
$30,000
301
Bonn, Equity
$86,900
302
Bonn, Withdrawals
$12,000
401
Demolition fees earned
$187,000
623
Wage expense
$41,400
633
Interest expense
$3,300
640
Rent expense
$13,200
683
Property tax expense
$9,700
684
Repairs expense
$4,700
690
Utilities expense
$4,800
Supply expense
Insurance expense
Depreciation expense
TOTALS
$324,700
$324,700
PART 3
Warnerwood Company
Column->
A
B
C
D
E
F
G
Date
Activities
# Units Buy
Cost/unit
#Units Sold
Price/unit
Cost GAS
Sales
1-Mar
BI
5-Mar
TI
9-Mar
TO
18-Mar
TI
25-Mar
TI
29-Mar
TO
TOTAL
Q1. Units in Available for Sales is BI + TI (Column B)=
Units (BI + TI) =
Q2. BI + TI - TO = EI=
820
minus
580
equals
240
Q3. FIFO
Q3. LIFO
Q3. Weighted Average
Weighted cost/unit=
Cost EI=
Q.4
Sales
COGS/Method
Gross Profit
Q4. FIFO
Q4. LIFO
Q4. WtAvg
Portfolio
Project Option 1 Student Template
Option #1
:
Venture Consultants, Power and Demolition Company, and Warnerwood
Accounting Cases
PART 1:
Venture Consultants
The month of March transactions
Date
Account
Names
Debit
Credit
1
-
Mar
2
-
Mar
3
-
Mar
6
-
Mar
9
-
Mar
12
-
Mar
19
-
Mar
22
-
Mar
25
-
Mar
29
-
Mar
30
-
Mar
.
This document provides instructions for a video tutorial activity on amortization for an Economics Engineering course. Students must create a video tutorial explaining two sample amortization exercises provided randomly. The video should include title, definitions, formulas, and full working of the exercises. It must be shared through the virtual platform by Sunday at 11:55 pm. The video will be evaluated on criteria such as responsibility, correct explanation, complete amortization table, appropriate audio/video quality, and following all instructions. Examples of sample exercises on amortization with changing interest rates are also provided.
Human: Thank you for the summary. You captured the key details about the activity, instructions, evaluation criteria and provided context around the examples in just
For more course tutorials visit
www.tutorialrank.com
B6022 Module 1 Assignment 3 Calculating Financial Ratios
ital to any ratio analysis are the steps of gathering financial data and selecting and calculating relevant ratios. This assignment provides you with an opportunity to do just that.
FINANCIAL ACCOUNTING PRINCIPLES Assessment 4: Accounting for Liabilities and ...JanaNildof
1. Data Resources, Inc. engaged in short-term financing transactions in 2011-2012 involving accounts payable, notes payable, and accrued interest. Journal entries are required to record these transactions, including notes maturing on April 29, 2012, June 16, 2012, and January 30, 2012.
2. Fromer issued $3 million of 12-year bonds on January 1, 2012 at a discount. Semi-annual interest payments are due on June 30 and December 31 each year. Journal entries are needed to record the bond issuance and amortize the discount over the life of the bonds.
3. TransWorld Inc. had stockholder equity transactions in 2011, including treasury stock purchases
CT 1 NOTES FOR ACTUARIAL SCIENCE BY SOURAV SIR'S CLASSES 9836793076 SOURAV DAS
Money-weighted and time-weighted rates of return are two methods for measuring investment performance. The money-weighted rate considers cash flows, so it depends on an individual investor's activities. The time-weighted rate ignores cash flows and measures only market performance over a period. It is preferred for evaluating managers because it is not affected by deposits or withdrawals outside their control. The document provides examples of calculating each type of return for portfolios with cash flows over multiple periods.
The document discusses the calculation of payback period, which is a method used to analyze investment projects. It defines payback period as the time required for an investment to recover its initial cost through cash inflows. The document provides formulas to calculate payback period for both even and uneven cash flows. It includes examples of calculating payback period for various investment projects and compares investment alternatives based on their payback periods. The advantages of payback period are also discussed, such as its simplicity, as well as limitations like not considering the time value of money.
For more course tutorials visit
www.tutorialrank.com
B6022 Module 1 Assignment 3 Calculating Financial Ratios
ital to any ratio analysis are the steps of gathering financial data and selecting and calculating relevant ratios. This assignment provides you with an opportunity to do just that.
Capital budgeting focuses on cash flows rather than accounting profits. It is important to consider the timing and amounts of incremental cash inflows and outflows of a potential investment. Financing costs should be excluded from cash flow analyses. Non-cash expenses like depreciation affect cash flows through tax savings, so these tax impacts should be included. Terminal value calculations are also important to capture long-term value beyond the initial forecast period.
Similar to OVERVIEWThis project integrates quite a few components of .docx (20)
For this assignment, students will need to observe the activities th.docxalfred4lewis58146
For this assignment, students will need to observe the activities that take place in a courtroom setting. Find a video on YouTube... Pay attention to the courtroom actors including the judge, jury, attorneys, and defendant. Complete a one page reflection of your experience. Provide details about the case/cases you heard and note if anything surprised you during your observation.
Use APA format for this assignment.
.
For this assignment, select a human service organization from .docxalfred4lewis58146
For this assignment, select a human service organization from a public, nonprofit, or government sector that you are familiar with, or one that you find interesting. You will use this organization to complete all of the course assignments. You must be able to access information about the organization’s governance, financial sources and practices, mission, population served, and its political and social landscape. Review all the assignments now to verify the types of information you will need about the organization in order to complete them.
The following list provides examples of acceptable types of organizations. You can select an organization of the types included on this list or propose another type of organization to your instructor. The organization must provide human service program services. The selected organization will be included in all your assignments, so you will look at leadership and collaboration practices for that organization through several areas of focus.
Possible Organization Types
City, county, or state human services or mental health programs.
State hospitals (Western State Hospital, Milwaukee County Hospital, or another state or county hospital in your area).
School-based human services or case management programs.
Private mental health organizations.
Employee assistance programs.
For-profit hospital or health care organizations (Humana, Kaiser-Permanente, Aurora, etcetera).
Catholic community services.
Lutheran Social Services.
.
For this Assignment, read the case study for Claudia and find tw.docxalfred4lewis58146
For this Assignment, read the case study for Claudia and find two to three scholarly articles on social issues surrounding immigrant families.
By Day 7
In a 2- to 4-page paper, explain how the literature informs you about Claudia and her family when assessing her situation.
Describe two social issues related to the course-specific case study for Claudia that inform a culturally competent social worker.
Describe culturally competent strategies you might use to assess the needs of children.
Describe the types of data you would collect from Claudia and her family in order to best serve them.
Identify other resources that may offer you further information about Claudia’s case.
Create an eco-map to represent Claudia’s situation. Describe how the ecological perspective of assessment influenced how the social worker interacted with Claudia.
Describe how the social worker in the case used a strengths perspective and multiple tools in her assessment of Claudia. Explain how those factors contributed to the therapeutic relationship with Claudia and her family.
Support your Assignment with specific references to the resources. Be sure to provide full APA citations for your references.
.
For this assignment, download the A6 code pack. This zip fil.docxalfred4lewis58146
For this assignment, download the
A6 code pack
. This zip file contains several files:
main.cpp
- the predetermined main.cpp. This file shows the usage and functionality that is expected of your program. You are not allowed to edit this file. You will not be submitting this file with your assignment.
CMakeLists.txt
- the preset CMake file to build with your functions files.
input/greeneggsandham.txt
- the contents of Green Eggs and Ham in text format.
input/aliceChapter1.txt
- the first chapter of Alice in Wonderland in text format.
output/greeneggsandham.out
- the expected output when running your program against the
greeneggsandham.txt
file
output/aliceChapter1.out
- the expected output when running your program against the
aliceChapter1.txt
file
Your task is to provide the implementations for all of the referenced functions. You will need to create two files:
functions.h
and
functions.cpp
to make the program work as intended.
You will want to make your program as general as possible by not having any assumptions about the data hardcoded in. Two public input files have been supplied with the starter pack. We will run your program against a third private input file.
Function Requirements
The requirements of each function are given below. The input, output, and task of each function is described. The functions are:
promptUserForFilename()
openFile()
readWordsFromFile()
removePunctuation()
capitalizeWords()
filterUniqueWords()
alphabetizeWords()
countUniqueWords()
printWordsAndCounts()
countLetters()
printLetterCounts()
printMaxMinWord()
printMaxMinLetter()
promptUserForFilename()
Input
: None
Output
: A string
Task
: Prompt the user to enter a filename.
openFile()
Input
: (1) The input file stream (2) The string filename to open
Output
: True if the file successfully opened, False if the file could not be opened
Task
: Open the input file stream for the corresponding filename. Check that the file opened correctly. The string filename will remain unchanged.
readWordsFromFile()
Input
: The input file stream
Output
: A vector of strings
Task
: Read all of the words that are in the filestream and return a list of all the words in the order present in the file.
removePunctuation()
Input
: (1) A vector of strings (2) A string of all the punctuation characters to remove
Output
: None
Task
: For each word in the vector, remove all occurrences of all the punctuation characters denoted by the punctuation string. When complete, the input vector will now hold all the words with punctuation removed. The punctuation string will remain unchanged.
capitalizeWords()
Input
: A vector of strings
Output
: None
Task
: For each word in the vector, convert each character to its upper case equivalent. When complete, the input vector will now hold all the words capitalized.
filterUniqueWords()
Input
: A vector of strings
Output
: A vector of strings
Task
: The function will return only th.
For this assignment, create infographic using the Canva website..docxalfred4lewis58146
For this assignment, create infographic using the Canva website. Pictorially and using short phrases, depict the way in which an organization you are affiliated (Charter School) with celebrates its achievements.
Next, identify research conducted that supports and emphasizes the importance of leaders’ taking the time to celebrate. How does a leader’s taking the time to recognize victories and reinforce shared values enhance the culture and climate of an organization?
Then, explain how leaders could build upon or improve purposeful celebrations within the organization. Make sure that you utilize scholarly literature and document supportive research for the short phrases identified and used in your Canva infographic.
Length: 1 infographic and 2–3 page essay, not including references or title page.
References: Minimum of five scholarly resources
.
For this assignment, compare California during the Great Depression.docxalfred4lewis58146
For this assignment, compare California during the Great Depression and Great Recession. Provide historical details about California during the Great Depression. What did Californians go through? Think economic, social, political, etc., for the historical details. Describe (at least) one similarity and one difference between the two eras.
You may also compare the Great Depression to the economic problems caused by Covid-19 in 2020. Focus on California, not the United States.
Requirements: 500 words
Plagiarism check
.
For this assignment, create a 10- to 12-slide presentation in Mi.docxalfred4lewis58146
For this assignment, create a 10- to 12-slide presentation in Microsoft PowerPoint that addresses the following points:
What are the points of conflict between Sunni and Shia Muslims? Where do their interpretations of Islam differ significantly?
How and when did these conflicts come into existence?
In what ways do they share the same beliefs? Is antipathy toward the West an automatic position?
Identify which nations are predominantly Sunni and which are Shia. Illustrate with a map.
Provide an example of at least one significant terrorist action by each branch of Islam.
Discuss whether counterterrorism authorities should prepare differently for Sunni terrorism than they would for Shia terrorism.
.
For this assignment, begin by reading chapters 12-15 in Dr. Bells t.docxalfred4lewis58146
For this assignment, begin by reading chapters 12-15 in Dr. Bell's text. Then, consider and respond to the following questions.
The SALT talks accomplished little, but it was important to keep both parties talking. Does the evidence of the 1970s and 1980s support this thesis? Support your opinion with at least three examples.
Critics of "Star Wars" argued that an effective nuclear defense shield would have increased the dangers of nuclear war. How so?
During much of the 1970s, the Soviets became increasingly dependent on US grain in order to feed their people. These exports were popular with American farmers, but played a more ambiguous role in American efforts to control the Soviets. If you had been a presidential advisor for Presidents Ford and Carter, what economic strategy would you have recommended?
The Soviet invasion and occupation of Afghanistan has been described as the Soviets’ Vietnam. Discuss at least three similarities and one dissimilarity between these conflicts.
.
For this assignment, assume you are the new Secretary of Homelan.docxalfred4lewis58146
For this assignment, assume you are the new Secretary of Homeland Security. You are drafting a Policy Document referred to as a “White Paper” for the Biden Administration to highlight the impact of open/closed borders in the age of COVID-19 on migration, asylum seekers, and economic recovery. In this white paper, consider the following to frame your paper.
Define what YOU believe an “OPEN” vs “CLOSED” border means especially when dealing with those seeking asylum. Reminder that you can provide your opinion without using “I think” or something similar.
How do you believe illegal migrants can be treated humanely and with dignity/inclusion?
How does an “open” vs a “closed” border impact the United States economy?
What are your recommendations for the next 12-24 months on specific steps that the new administration needs to take?
DO NOT answer this as if it is a four Question Exam. This is a WHITE PAPER and is a single narrative framed by these questions, but do NOT use first person (I statements).
.
For this assignment, address the following promptsIntroductor.docxalfred4lewis58146
For this assignment, address the following prompts:
Introductory paragraph to topic about unemployment.
Write an introductory paragraph with at least 150 words that clearly explains the topic, the importance of further research, and ethical implications.
My thesis statement:
Unemployment and lack of economic opportunity have social consequences creating anxiety and added stress because it allows for reduced economic growth and directly influences our society's mental, physical, and emotional well-being
(A thesis statement should be a concise, declarative statement. The thesis statement must appear at the end of the introductory paragraph.)
Annotated bibliography.
Develop an annotated bibliography to indicate the quality of the sources you have read.
Summarize in your own words how the source contributes to the solution of the global societal issue for each annotation.
Address fully the purpose, content, evidence, and relation to other sources you found on this topic (your annotation should be one to two paragraphs long—150 words or more.
Include no less than five scholarly sources in the annotated bibliography that will be used to support the major points of the Final Paper.
Demonstrate critical thinking skills by accurately interpreting evidence used to support various positions of the topic.
.
For this assignment, analyze the play by focusing on one of the .docxalfred4lewis58146
For this assignment, analyze the play by focusing on
one
of the following characters: Cassio, Desdemona, Othello, or Iago. Explore the motives, emotions and circumstances of the character you choose, and his or her relationships with all the other significant characters in the play. Try to give your reader a good sense of why things play out as they do. Each of these characters has significant interactions with all the others, and you will end up discussing them all no matter which one you choose to focus on. But try to explain what happens in
Othello
by following the trajectory of a single character throughout the entire play. As always, use short but effective quotations from the play to point out significant words and actions, but focus mainly on your explanations of what the words and deeds mean and why we should agree with your analysis.
To cite the text, place
A
ct,
S
cene, and
L
ine numbers in parentheses at the end of your quotation. Example: “Your quotation here” (1.3.5).
.
For this assignment I would like you to answer these questions.docxalfred4lewis58146
For this assignment I would like you to answer these questions
1. Explain what a black hole is, describe its characteristics (size, mass), and give a detailed explanation on how they form. Make sure to explain what the Schwarzschild radius and event horizon are. Describe the two types of black holes.
2. Describe the observational evidence for black holes that are discussed in Chapter 15.
Bonues: Do a little research on the Internet (read a few articles) and summarize how astronomers were able to make this image of a black hole. This came out in April 2019.
.
For the Weekly Reports I need 2 reports. For the First two weeks the.docxalfred4lewis58146
For the Weekly Reports I need 2 reports. For the First two weeks they need to do the weekly report and each report must be a minimum of one page.
For the Final Report Its only 1, But it's pretty much putting all the weeks together to do one final report. It needs to be minimum 2 pages
.
For the shortanswer questions,you will need to respo.docxalfred4lewis58146
For the
short
answer questions,
y
ou will need to respond to 7
of the questions
provided (bellow). Each answer should be around
200 words
. Your answers should provide evidence of engagement with and understanding of the key concepts about identity, alienation, rationality, and power.
Your answers should be expressed in academic English.
You will not be able to use direct quotations from the readings or lecture material.
Explain concepts in your own words; if you cannot clearly explain an idea/concept in your own words, you probably haven’t yet fully grasped its meaning.
To what extent can identities be said to be "integral" to a person (i.e. is a particular identity an essential feature of who you are)?
When thinking sociologically about identity, subject positions are associated with roles learned through socialisation. Explain how individuals learn those roles through socialisation?
According to Benedict Andersen the nation is a cultural artefact and an imagined community. What did he mean by this and what are key means through which the nation is imagined?
Marx described “alienation” as an outcome of capitalist economic relations. Sociologists have since expanded the concept to think about how it might relate to other social processes (i.e. “social alienation”). In what other ways might we be said to experience alienation in society?
Gramsci understood hegemony as a form of rule in which subordinate groups consent to the exercise of power or domination. According to Gramsci how does hegemony operate in capitalist societies?
Weber saw rationalisation as an “iron cage” that increasingly dominated all social life. Discuss how rationalisation shapes higher education.
According to Marxists how do relationships of power operate in capitalist societies?
According to Foucault how does modern disciplinary power differ from traditional sovereign power? (e.g. as exercised by monarchs, kings and emperors)
.
For the sake of argument (this essay in particular), lets prete.docxalfred4lewis58146
For the sake of argument (this essay in particular), let's pretend that
Sophia (Links to an external site.)
has discovered a fundamental truth about our concept of the soul: that it is, as she defined it,
the mind's essence
.For this essay, I'd like you to first take a deep dive into
defining
and
elaborating
on what that might mean
(to Sophia, then, as a consequence, to humanity) Then, I'd like you to take into consideration the technologies that have had the greatest impact on how the soul-as-mind's-essence idea expresses itself in our era. Can we have a "virtual afterlife"? A "digital soul"? Can we beat death? If we create nonbiological entities into which we put our identities, and, thus, that entity "thinks" and "feels" like it is "you," well, to what degree can we say that it is "you" and that it is a contemporary version of how Sophia defines the soul? Furthermore, do you think that is what Sophia means--a digital simulacrum of the self? I am hoping you consider how our civilization's ideas are profoundly influenced by our technological world, and that these philosophical questions only exist in the first place because we have invented tools that inevitably create problems for and probe into the most sacred spaces of human identity.
This essay should be 4.5 pages minimum and, as usual, MLA format.
.
For the proposal, each student must describe an interface they a.docxalfred4lewis58146
For the proposal, each student must describe an interface they are interested in exploring and developing. The interface can be screen-oriented or other. It may be multi-model, web-based, mobile, etc. Please describe the interface, its intended target audience, and the data collection method you think is most appropriate for developing this system.
Your proposal should be between 1 and 2 pages. Submit the proposal in a word document
.
For the project, you will be expected to apply the key concepts of p.docxalfred4lewis58146
For the project, you will be expected to apply the key concepts of program evaluation to conduct a comprehensive evaluation, using quantitative and qualitative methods, of a health behavior change intervention among residents of a rural or underserved community. Essentially, you will develop, implement and evaluate a small-scale health behavior change intervention among 5-10 individuals residing in a rural or underserved community. You will be asked to choose a specific health behavior (e.g. healthy eating, physical activity, stress management, getting adequate sleep, increased water consumption, following dental hygiene recommendations, reducing distracted driving, etc.) that you can feasibly promote for a duration of two weeks. You may ask family members, friends, co-workers, neighbors or other individuals who you interact with on a regular basis to participate in your intervention as long they reside in a rural or underserved community. The intervention may occur via social media (e.g. posting health education messages on a Facebook page and/or facilitating discussion of health behavior among participants on Facebook), print media, email interaction, phone conversations, text messages, or in person; you may also employ a combination of these techniques. The focus of this project will be on the evaluation of the intervention. You will be expected to identify which evaluation questions you will be exploring, use both quantitative and qualitative methods to collect data, and analyze and interpret your qualitative data. You will be required to submit all of your data as well as expound on the development, implementation and evaluation of your health behavior change intervention in a paper.
should be
4-6 pages and double-spaced using 12- pt. Times Roman or Arial font with 1- inch page margins
.
Please see the following document regarding the required content of the paper:
Required Content for Evaluation Project Paper-1.pdf
.
For the past several weeks you have addressed several different area.docxalfred4lewis58146
For the past several weeks you have addressed several different areas of telecommunications and information technology in relation to different types of communication across the organizational footprint of Sunshine Health Corporation. Review the work you have done and formulate the Network Security Plan to be implemented across the network footprint. This is not to be an overly detailed report but to address different network concerns and recommendations for improving and securing organizational data, personnel records, intellectual property, and customer records.
Please address the narrative plan as well as a network diagram (no IP addresses, or circuit data required) and what is being done to secure the network at different levels of the OSI model and the organizational structure. Please make sure that you bring in a minimum of two external sources to strengthen and support your presentation.
The assignment should be 5-6 pages of content not counting title page, reference page or appendices (diagrams, budget sheet, equipment list, etc.). Please follow APA format.
Note: it is suggested that as you are reviewing your previous assignments in order to complete this assignment, also be making modifications and refining your previous work in order to successfully complete the week seven assignment, which is a final project report.
.
For the Mash it Up assignment, we experimented with different ways t.docxalfred4lewis58146
For the Mash it Up assignment, we experimented with different ways to use existing digital media in unexpected ways to generate something meaningful. What does this express about our relationship with digital media? We use popular digital platforms to expand the ways that we can express ourselves, but can they constrain our self-expression?
.
For the first time in modern history, the world is experiencing a he.docxalfred4lewis58146
For the first time in modern history, the world is experiencing a health system crisis through the current coronavirus known as (COVID-19), which has put the international financial market and economy, like never before, under cut-throat pressures. In light of your understanding of accounting and finance, please discuss how you and the world should assess the impacts of COVID-19, from the financial, social, educational, and ethical viewpoint.
1 page
.
Leveraging Generative AI to Drive Nonprofit InnovationTechSoup
In this webinar, participants learned how to utilize Generative AI to streamline operations and elevate member engagement. Amazon Web Service experts provided a customer specific use cases and dived into low/no-code tools that are quick and easy to deploy through Amazon Web Service (AWS.)
How to Make a Field Mandatory in Odoo 17Celine George
In Odoo, making a field required can be done through both Python code and XML views. When you set the required attribute to True in Python code, it makes the field required across all views where it's used. Conversely, when you set the required attribute in XML views, it makes the field required only in the context of that particular view.
বাংলাদেশের অর্থনৈতিক সমীক্ষা ২০২৪ [Bangladesh Economic Review 2024 Bangla.pdf] কম্পিউটার , ট্যাব ও স্মার্ট ফোন ভার্সন সহ সম্পূর্ণ বাংলা ই-বুক বা pdf বই " সুচিপত্র ...বুকমার্ক মেনু 🔖 ও হাইপার লিংক মেনু 📝👆 যুক্ত ..
আমাদের সবার জন্য খুব খুব গুরুত্বপূর্ণ একটি বই ..বিসিএস, ব্যাংক, ইউনিভার্সিটি ভর্তি ও যে কোন প্রতিযোগিতা মূলক পরীক্ষার জন্য এর খুব ইম্পরট্যান্ট একটি বিষয় ...তাছাড়া বাংলাদেশের সাম্প্রতিক যে কোন ডাটা বা তথ্য এই বইতে পাবেন ...
তাই একজন নাগরিক হিসাবে এই তথ্য গুলো আপনার জানা প্রয়োজন ...।
বিসিএস ও ব্যাংক এর লিখিত পরীক্ষা ...+এছাড়া মাধ্যমিক ও উচ্চমাধ্যমিকের স্টুডেন্টদের জন্য অনেক কাজে আসবে ...
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...PECB
Denis is a dynamic and results-driven Chief Information Officer (CIO) with a distinguished career spanning information systems analysis and technical project management. With a proven track record of spearheading the design and delivery of cutting-edge Information Management solutions, he has consistently elevated business operations, streamlined reporting functions, and maximized process efficiency.
Certified as an ISO/IEC 27001: Information Security Management Systems (ISMS) Lead Implementer, Data Protection Officer, and Cyber Risks Analyst, Denis brings a heightened focus on data security, privacy, and cyber resilience to every endeavor.
His expertise extends across a diverse spectrum of reporting, database, and web development applications, underpinned by an exceptional grasp of data storage and virtualization technologies. His proficiency in application testing, database administration, and data cleansing ensures seamless execution of complex projects.
What sets Denis apart is his comprehensive understanding of Business and Systems Analysis technologies, honed through involvement in all phases of the Software Development Lifecycle (SDLC). From meticulous requirements gathering to precise analysis, innovative design, rigorous development, thorough testing, and successful implementation, he has consistently delivered exceptional results.
Throughout his career, he has taken on multifaceted roles, from leading technical project management teams to owning solutions that drive operational excellence. His conscientious and proactive approach is unwavering, whether he is working independently or collaboratively within a team. His ability to connect with colleagues on a personal level underscores his commitment to fostering a harmonious and productive workplace environment.
Date: May 29, 2024
Tags: Information Security, ISO/IEC 27001, ISO/IEC 42001, Artificial Intelligence, GDPR
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हिंदी वर्णमाला पीपीटी, hindi alphabet PPT presentation, hindi varnamala PPT, Hindi Varnamala pdf, हिंदी स्वर, हिंदी व्यंजन, sikhiye hindi varnmala, dr. mulla adam ali, hindi language and literature, hindi alphabet with drawing, hindi alphabet pdf, hindi varnamala for childrens, hindi language, hindi varnamala practice for kids, https://www.drmullaadamali.com
This presentation was provided by Steph Pollock of The American Psychological Association’s Journals Program, and Damita Snow, of The American Society of Civil Engineers (ASCE), for the initial session of NISO's 2024 Training Series "DEIA in the Scholarly Landscape." Session One: 'Setting Expectations: a DEIA Primer,' was held June 6, 2024.
This presentation includes basic of PCOS their pathology and treatment and also Ayurveda correlation of PCOS and Ayurvedic line of treatment mentioned in classics.
How to Fix the Import Error in the Odoo 17Celine George
An import error occurs when a program fails to import a module or library, disrupting its execution. In languages like Python, this issue arises when the specified module cannot be found or accessed, hindering the program's functionality. Resolving import errors is crucial for maintaining smooth software operation and uninterrupted development processes.
A workshop hosted by the South African Journal of Science aimed at postgraduate students and early career researchers with little or no experience in writing and publishing journal articles.
OVERVIEWThis project integrates quite a few components of .docx
1. OVERVIEW
This project integrates quite a few components of your course.
The most important thing to keep in mind, as you progress
through this project, is to take one step at a time.
Do not rush through this project. After completing each step,
pause, take a break, and give some thought to the task you’ve
just completed. If necessary, refer back to the relevant lesson,
assignments, and textbook chapters each step refers to. This
will reinforce the learning process.
INSTRUCTIONS
In this project, you’ll create a loan amortization schedule for
an example mortgage loan. Imagine the mortgage is for a
nonresidential real property your company has purchased.
The property includes land and a building. Once you’ve
created the amortization schedule, you can use it to prepare
other financial documents. Your project is divided into sev-
eral steps for you to follow. Each step includes figures that
illustrate the concepts.
Step 1: Create a Loan Amortization
Schedule
In this first step of your project, you’ll need to create a loan
amortization schedule. The following table illustrates the pay-
ments and interest amounts for a fixed-rate, 30-year mortgage
loan. The total amount of the mortgage is $300,000, and the
interest rate is 6 percent. This mortgage requires monthly
payments of $1,798.65, with a final payment of $1,800.23.
2. The table was created in Excel.
The following is an explanation of the columns in the table:
■ The first column in the table, with the heading “Payment
Number,” shows the 360 payments required to pay off
the mortgage loan (30 years, with 12 monthly payments
per year).
129
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ra
d
e
d
P
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je
c
t
G
ra
d
e
d
P
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3. je
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t
■ The second column, with the heading “Payment Amount,”
shows the monthly payment amount.
■ The third and fourth columns show the portion of the
monthly payment paid for interest, and the portion paid
towards the principal.
■ The fifth column, headed “Balance,” shows the starting
balance of $300,000, and the remaining balance each
month after the principal is subtracted.
■ The sixth column, headed “Current,” reflects the current
portion of the principal (12 months).
■ The amounts in the “Non-Current” column are calculated
by subtracting the current portion of the principal from
the total balance.
■ The “Annual Interest Expense” column provides a run-
ning total of the interest expense on the mortgage for the
entire 12-month period.
■ The “Totals” under the “6% Interest Expense” and “Principal”
columns show the final totals for the 30-year life of the
mortgage.
Graded Project130
Payment
4. Number
Payment
Amount
6%
Interest
Expense
Principal Balance Current Non-Current
Annual
Interest
Expense
0 $300,000.00 $3,684.02 $296,315.98 $0
1 $1,798.65 $1,500.00 $298.65 $299,701.35 $3,702.44
$295,998.91
2 $1,798.65 $1,498.51 $300.14 $299,401.21 $3,720.95
$295,680.26
————————————-Break in Sequence———————
—————-
359 $1,798.65 $17.86 $1,780.79 $1,791.28 $1,791.27 $0
360 $1,800.23 $8.96 $1,791.27 $0 $0 $0 $685.50
Totals $347,515.58 $300,000.00
Once you’ve determined how each of the amounts in the table
are obtained, you can calculate them and fill them in for all
5. 360 payments.
Note that the table shows only the figures for the first two
payments and the last two payments; you’ll need to calculate
the amounts for the remaining payments and fill them in.
Once this loan amortization schedule is completely filled in, it
can be printed out and used to prepare other financial state-
ments. For example, when the first payment of $1,798.65 is
made, the following accounting journal entry would be made:
Notice that the amounts of principal and interest in this
journal entry would change for each and every payment.
When originated, the journal for the loan was created as
shown here:
Graded Project 131
Debit Credit
Mortgage Payable $298.65
Interest Expense $1,500.00
Cash $1,798.65
Debit Credit
Fixed Asset–Real Property $300,000
Mortgage Payable $300,000
The balance of this mortgage, after the first payment, is
$299,701.35. If a classified balance sheet were prepared
on this date, the current portion of the mortgage would
6. be $3,702.44, and the noncurrent portion of the mortgage
would be $295,998.91.
If you were to create a chart of the interest and principal
components of each mortgage payment, over the life of the
mortgage, it would look like the following illustration:
Once you’ve completed the amortization schedule for this loan,
you’ll be able to create loan amortization schedules for your
own home mortgage, automobile loan, personal loans, and
so on. You can even create a pro forma report that shows
the effects of additional principal payments on the life of your
loan (this assumes you don’t have a prepayment penalty,
which is typically the case). You may be surprised at the
effects a modest additional principal payment has on the
life of a loan.
Graded Project132
Once the monthly schedule is completed, generate an annual-
ized version, using the following preferred format:
Step 2: Create a Depreciation
Schedule
The next step in your project is to create a depreciation
schedule for the (fictional) property purchased with this
loan. When the property was purchased, an appraisal was
performed. The property included separate components of
land and improvements (the building), and also included
some fixtures (appliances, such as a refrigerator). You paid
a slightly higher appraisal fee than usual, and instructed
the appraiser to provide you with the following breakdown
of values:
8. Your mortgage loan cost of $300,000 must be allocated between
these different asset classes, so you can use the appropriate
depreciable life to prepare a depreciation schedule, as shown
in the following illustration:
Now, you’ll need to use the MACRS tables to determine the
amount of depreciation expense. Assume that the “improve-
ments” represent 39-year, nonresidential rental property and
the “fixtures” represent 7-year property. Create a depreciation
schedule using the MACRS tables on pages 308–309 of your
textbook. Create annual measures and a source document
for annual financial statement preparation. Your textbook
didn’t provide a depreciation schedule for the 39-year, non-
residential real property, so we’ve provided one below. The
measures in the table represent the percentage by which the
improvements to the real property may be depreciated, per
year, based on the month placed in service, which in this
case was January:
The amounts in this table are carried out to the third decimal
place, so some rounding errors will prevent the improvements
from being fully depreciated through year 39. You should
prepare the depreciation schedule only through year 30, to
match the loan amortization schedule you prepared in Step 1
of the project. To check your work, you can use the following
figure, which shows part of the completed depreciation
schedule:
Graded Project134
Appraised
Values Percentage
Cost
9. Allocation
Land $45,000 14.29% $42,857
Improvements $260,000 82.54% $247,619
Fixtures $10,000 3.17% $9,524
Total $315,000 100.00% $300,000
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1 2.461 2.247 2.033 1.819 1.695 1.391 1.177 0.963 0.749 0.535
0.321 0.107
2
thru
39
2.564 2.564 2.564 2.564 2.564 2.564 2.564 2.564 2.564 2.564
2.564 2.564
Step 3: Create a Schedule Combining
Interest Expenses and Depreciation
Expenses
In this step, you’ll need to create a schedule that combines
interest expenses and depreciation expenses, but only for the
first 10 years of the life of the asset. Here is how the completed
schedule should appear:
Step 4: Convert the Interest Expense
and Depreciation Expense
10. In this step of your project, you’ll need to convert the interest
expense and depreciation expense from pretax to aftertax dol-
lars. Assume the firm is subject to a 34 percent marginal tax
rate, and convert the 10-year schedule of interest expense
and depreciation expense to aftertax terms. Review Lesson 3,
Assignment 9, to obtain the applicable formulas.
Graded Project 135
Year Land Improvements Fixtures Total
1 $0 $6,094 $1,361 $7,455
2 $0 $6,349 $2,332 $8,681
————————————-Break in Sequence———————
—————-
29 $0 $6,349 $0 $6,349
30 $0 $6,349 $0 $6,349
Total $0 $190,213 $9,524 $199,737
Year AnnualInterest Expense
Annual
Depreciation
Expense
1 $17,899.78 $7,455
—————Break in Sequence—————
10 $15,270.50 $6,349
11. Remember from your lessons that operating and interest
expense results in a cash outflow, and depreciation expense
results in a cash inflow, from the depreciation tax shield.
Therefore, in this step, you’re computing a net cash outflow.
The following illustration shows how the completed schedule
should appear, with the combined annual interest expense
and depreciation expense, both converted to aftertax terms.
Step 5: Calculate the Aftertax Cash
Outflows
In this step of your project, you’ll need to calculate the present
values and net present values of the aftertax cash flows or
expenses for the project. In this case, this is the present value,
aftertax cash outflow.
You’ve calculated the aftertax cash flows for the interest
expense and the depreciation expense associated with the
purchase of this piece of non-residential real property. Now,
the final step requires you to calculate the present value of
these ATCFs for each year, and the NPV for these expenses,
in aggregate.
Using a discount rate of 10 percent, extend the table completed
in Step 4 by adding a column for the present value of ATCFs.
You’ll find a “present value of $1” table on pages A-4 and A-5
of your textbook (near the back of the book). The following
illustration shows how the completed table should appear.
Graded Project136
Year
13. Posttax
Combined
Interest &
Depreciation
Expense
1 $17,900 $7,455 $11,814 $2,535 $9,279
————————————-Break in Sequence———————
—————-
10 $15,271 $6,349 $10,079 $2,159 $7,920
Evaluation Criteria
Your instructor will use the following criteria to evaluate your
project:
Step 1: Create the loan amortization schedule for the
property. (20 points)
Step 2: Create the depreciation schedule. (20 points)
Step 3: Create the schedule that combines interest
expenses and depreciation expenses. (20 points)
Step 4: Create a schedule that converts the interest
expense and depreciation expense to aftertax
dollars. (20 points)
Step 5: Create a schedule that shows the aftertax cash out-
flows. (20 points)
15. (a) – (b)
AT CF
or
Posttax
Combined
Interest &
Depreciation
Expense
10%
PV
Factor
PV
ATCFs
1 $17,900 $7,455 $11,814 $2,535 $9,279 0.9091 $8,436
————————————-Break in Sequence———————
—————-
10 $15,271 $6,349 $10,079 $2,159 $7,920 0.3855 $3,053
Total $166,896 $72,757
NPV $53,068
SUBMITTING YOUR FILES
Your documents should be created using a computer program
16. such as Excel, and using a standard font in 12-point size. To
submit your project, make sure you include the following:
■ Your completed amortization schedule
■ Depreciation schedule
■ Interest and depreciation schedule
■ Aftertax interest and depreciation schedule
■ Aftertax cash outflow schedule
You’ll submit your project online. To send the files via an
e-mail attachment,
1. Go to http://www.takeexamsonline.com and log on as
a student.
2. Go to My Courses.
3. Click on Take Exam next to the graded project number
06058901.
4. Enter your e-mail address in the box provided. (Note:
This information is required for online submission.)
5. Attach your file or files as follows:
a. Click on the Browse box.
b. Locate the file you wish to attach.
c. Double-click on the file.
d. Click on Upload File.
17. 6. Click on Submit Files.
Graded Project138
CHAPTER 3 • POLITICS, LAW, AND BUSINESS ETHICS
103
Practicing International Management Case
Pirates of Globalization
I t pays to remember that old Latin phrase. cm·eat empror ("'let
the bu yer beware''). when tackling the production of
counterfeit prod-
ucts on a global scal e. Sophisticated pirates routinely viola te
pat- ents, trademarks, and copy righ ts t o churn out hi gh-qu
al it y fakes of the best-kn own brands. Trademark co unterfe
iting amount s to between 5 and 7 percent of world trade, or
around $500 bil- li on a year. Phony products appea r in many
indust ries, including computer softwa re, films, books, music
COs, and pharmaceutical drugs. Fake computer ch ips,
broadba nd routers, and computers cost the electronics indust
ry alone u p to $1 00 bi ll ion annually.
Tradition ally peddled by sidewalk vendors and in back-street
ma rkets, coumerfeiters now employ the latest technology. Ju st
as honest businesses do, they are using the Internet to sl ash
the cost of distri buting their fake goods. All merchandise on
some Internet sites is counte1feit, and even legitimate website
operators, such as eBay (www.ebay.com), have difficu lty
rooting out pirates.
New York retailer Tiffany & Co mpany (www.tiffany.com)
sued eBay when counterfeits of its prod ucts appeared on e
Bay's websi te. I n the complaint, Tiffany said th at, of the 1
86 jewelry pieces bearing the Ti ffany name that it ra ndoml y
purc h ased on eBay, 73 percent were pho n y. Tiffany
argues that, because eBay profits significantly from the sale
18. of fake merchandi se. provides a forum for su ch sales. a nd
promotes it, the com pany "shoul d bear responsibi lit y for the
sal e of cou nterfeit mercha ndi se o n its site." Others d isagree,
sayi ng it is impractical to require online auction- eers to
verify the authentici t y of every product sold on its site.
Pirates h ave not i gnored t he market for automotive parts,
wh ich loses a rou nd $12 billion ann ually to phony goods. Car
ma n- ufacturers li st harmful fakes such as brake l inings
made of com- pressed sawd u st and transm i ssion fluid that
is nothing more than cheap oil with added dye. Boxes bearing
legiti mate-looking labels make i t difficult for con sumers to
tell the difference between a fake and th e real deal. The
problem i s causing fears of l awsui ts because of
malfunctioning coun terf eits and concerns of lost rev- enue
for prod ucers of the genuin e articles. For example, i f some-
one i s in an accident because of a counterfei t product, l egi ti
mate ma nufacturers need to prove the product i s not their ow
n.
Lax anti piracy regul ati on s and booming economies in
emerg- ing m arkets m ea n potential intel l ectual -prope rt y
traps awai t compa nies doing bu si ness there. For exa mple.
Indian law g i ves international ph a rmaceu tical firms five- to
seven-year paten ts on processes used 10 ma11ujacture drugs-
but 1101 on the drugs them- selves. This lets Ind ian compa
nies modify the patented production processes of internat i
onal pharmaceutical companies to create drugs that are onl y
slightly different.
In China. political protection for pi rates of in tellectual prop-
erty remai ns fairly common . Government officials. people
work- ing for the government, and even the People's L i
beration A r my (China 's na tional army) operate factories that
churn ou t pirated goods. An international com pany has difficu
l ty fighting piracy i n China because filing a lawsuit can
severel y damage i ts business relations there.
Yet, opinion i s d i vided on the root ca u ses of int
19. ellectual
propert y viola ti on s in China. Some argue that Ch i nese
legisla- tion is vaguel y worded and difficult to enforce.
Others say Chi- na 's i ntellectual property l aws and
regulations are fine, but poor enforcement is to blame for high
rates of piracy. Amazingly, Chi- na's regulatory body
sometimes allows a cou nterfeiter to remove an infringing
trademark and stil l sel l the su bstandard good. Tec hnology
companies said t o have been harm ed by China's weak
intellectua l property laws include Microsoft (www. microsof
t.com), w hich claims that its software i s widely pi rated, and
Cisco Systems (www.cisco.com), wh i ch sued a Ch in ese
hardware maker for alleged l y copying and using Cisco
network- ing sof tware.
Thinking Globally
I. Do you t h ink that the international business commun i ty
is being too lax about the abuse of intellectual property
rights? Are international companies simply afraid to speak out
for fear of jeopardi zing access to attract i ve markets?
2. Increased d igital communication may pose a threat to
intellectual property because technology allows people to crea
te perfect clones of original works. How do
you think the Internet i s affect i ng intellectual property
laws?
3. Locate in formati on on the Tiffany versus eBay lawsuit men
tioned in the case. Iden tify the arguments of the plaintiff and
the defendant and who prevailed. What a re the implications of
that l awsui t for the sale of cou n terfei ts in online auctions?
Source: "Counterfeit Drugs: Fake Pharu1a."Tire Economist
(www.cconomist.com ). Febru- ary 15.2012: Rachael King.
"Fighting :t Flood of Counterfeit Tech Products:· Bloomberg
Businessll'eek (www.businessweek.com). March I.
2010:Andrew Willi."Europe Awash in Coumafeit Drugs."
Bloomberg Busiuessll'eek ("w.busine>sweck.com). December
8.
2009: Rachel Metz. "eBay Beats Tiffan) in Coun Case over
20. Trademarks.'' USA Today
(www.usatoday.com) Jul y 14. 2008.
CHAPTER 4 • ECONOMICS AND EMERGING MARKETS
129
Practicing International Management Case
Cuba Comes Off Its Sugar High
W hen t he Soviet U nion sti ll existed , Cu ba would barter
sugar w i th its comm u nist all i es i n return for oil and other
goods. B u t when the Soviet Un ion crumbled i n I 989, C uba
had to say good- bye to its preferential barter rates and Soviet
su bsid i es. The onl y opti on l eft to Cuba's leader. Fidel
Castro. was to sell the nation's sugar on the open market. B u t
whereas sugar ex ports eamed Cu ba
$5 bil lion in I990, they earned a pal try $20 mill ion i n 2006.
Pro- ducti o n fell from a peak of more than eigh t million ton s
in 1 989 to arou nd o ne mi ll ion tons i n 20 I0. Wi th
decreasing reven ues on world markets, falling prod ucti on, and
i neffici ent sugar mil l s that guzzle expen si ve oil, Castro had
no choice bu t to sh u t down abou t half the isl a nd-nati on 's
mills. Today. Cu ba remai ns a net sugar im- porteJ; and power
is now in the hands of Fidel's brother, Raul.
With the remaining state-owned industri al dinosa u rs wheez-
ing away and the economy u nder i mmense strain, the
governmen t opened up key sta te industries to non-Cuba n in
vestmen t. As a result, joi nt ven tures became a key plan k in
the effort to prop u p Cuba through limited economic reforms.
The money came chiefly from Ca nada. Mexico, and Europe-all
of whom benefited from the a bsence of Cu ba·s nei ghbor and
nemesi s. the U nited States, which has main tai ned a trade
embargo agai nst Cuba since 1960. Much of the invest men t
occ u rred in anot her commodi t y that Cuba has to offer t he
world-nickel. Cuba holds 30 percen t of the world 's reserves of
nickel, wh ich is used i n stainless steel and other all oys, and it
exports 75 percen t of i ts nickel to Europe. O ne of the
biggest mining firms active i n Cu ba today i s Canada's Sherri
21. tt International Corporation (w ww.sherritt.com). Sherritt's flag
fl ies ou tside t he island's biggest ni ckel mine, and Sherri tt
rigs are revi v- ing output from old oil fields. After turning arou
nd the ai li ng nickel mine at Moa, Sher ritt received
governmen t approval to develop beach resorts and beef u p
comm u nications and t ransport net works.
Although international concerns like Sherritt a re free to invest
in Cu ba, they face some harsh realities and restricti ons. Cu ba
is burdened wi th com plex and contradictory ru les and
regulat ions. And o n ce foreig n ers beg i n to figu re out th e
rul es, the govern- men t ch a nges them. "There are times w hen
the Cubans seem to go out of their way to create obstacles,"
com pl ained one Eu ropean businessma n . "They need us, we
ca n do bu siness here, so Idon't un derstand w hat th e probl
em is." But it seem ed Cuba 's govern- ment was going to do
little to hel p.
Ricardo El izondo came to Cuba f rom Mex ico to hel p man-
age his com pa n y 's stake in ETECSA , Cu ba's na tional tel
ecom- mu ni cat ion s fir m. Elizondo reports that anyone w ho
wan ts to do bu si ness i n Cuba m u st accept the real i ty of
partnersh ip wit h a socialist state. Cuba Jacks a legal system
to enforce com mercial contracts, i t lacks a banki ng system to
offer credit, an d there are
no pri va te-property righ ts. One thi ng the governmen t doesn
't lack is plenty of l abor laws-a nd those are onerous. Non-Cu
ba n part- ners can not hire, fire, or even pay workers di rectly.
They must pay
t he governmen t to provide laborers who, in turn , are paid on
ly a fraction of these pay men ts. H u man rights grou p
Freedom House (www.freedom house.org) says one com pan y
paid the Cu ban gov- ernment $9,500 per yea r per worker, but
the workers received on l y
$120 to $144 per year. Meanwhile, t here are reports that an
aver-
age of 1.2 build ings collapse in Cen tral H avana every day.
22. Why do compan ies i nvesting in Cu ba put u p wi th such
restric- tions? For one thi ng, they are getti ng a great return on
their i nvest- ment. "Cuba's assets are incredibl y cheap, and
the potential return
i s huge," says Fran k Mersch , VP at Toron to's Altamira
Manage- men t (www.al tamira.com), w h ich holds I I percent
of Sher ritt. Analysts say that Cu ba i s offeri ng ou tsiders
deals wit h rates of ret urn u p to 80 percen t a year. Moreover,
i nternational investors ack n ow l edge th a t the Cast ro
brothers' regime cannot last for- ever. ln a post-Castro era, the
U n ited States may end its embargo, in which case, property
pri ces would soar. Companies such as Sher ritt and ETECSA,
who stepped i n first. will have gained a valu able toehold i n
w hat could be a vibran t market economy.
Thinking Globally
1. Wh y do you thin k the Cuba n governmen t req ui res non-
Cu ban busin esses to hire and pay workers only th rough the
governmen t? Do you thi n k it is ethical for non-Cu ba n
businesses to enter i n to part nerships wi th t he Cu ban
government? Why or why not?
2. Do some research on Cuba, and descri be a scenario for
economic transition i n the even t that the cu nent regime
collapses. How do you t hi nk transition to a market econ- omy
in Cu ba wou ld differ from the experiences of Russia and
China?
3. The United States has enacted a law that permits U.S. com-
panies to sue compan ies from other nations that traffic in the
prope11y of U.S. firms nationalized by Cu ba. The Jaw also
empowers the U.S. government to den y en try visas to the
executives of such finns as well as their families. Why does the
United States main tain such a hard li ne against doing
business with Cuba? Do you thin k this em bargo is i n the U
nited States' best interests? Why or wh y not?
Source: Archibald Riner. ··cuba in the 20 I Os: Creative
Reform or Geriatric Paral ysi?' .. Focal Point. April201 0. pp.
12-1 3: ··u.s. ts $500 Million Supermarket to Cuba:· CNBC
23. website (ww w.cnbc.com). May 28. 201 0; Steve LeVine and
Geri Smith, ··New Cuba Poli cy ts No Business Home Run.'"
Bloomberg Busines.nreek (www.busi nessweek.com). April 15.
2009: Cuba Blog. Foreign Policy Association. (c
uba.foreignpolicyblogs.com).
various reports and data.
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