Part A of this question has been done and I have attached the answer.pdf
•
0 likes•3 views
Part A of this question has been done and I have attached the answers. Please do Part B and C Below is the answers for Part A The table below lists some partial information about Hercules Inc.: Required: a) Fill in all missing values in the table. (8 marks) b) Assume that Hercules' cost of equity capital is constant at 10% p.a. and that the firm enters a constant growth phase after year 4 (i.e., ROE and the pay-out ratio are constant thereafter). Calculate the intrinsic value of Hercules' equity. (4 marks) c) What is Hercules' Present Value of Growth Opportunities (PVGO) at the end of year 4 (after the dividend payment)? (4 marks) Let us do this Question. for doing this properly we should have first develop the understanding of Retained Earning Retained earnings represent the portion of earnings that a company has kept and reinvested in the business instead of distributing them as dividends to shareholders. So, if a company has a positive net income in a given year and does not pay out all of that income as dividends, the remaining amount is added to the retained earnings balance on the balance sheet. so for the Year 3,4,5 we have to calculate the Equity at the begging using Book value of equity at the beginning of year = Book value of equity at the beginning of the previous year + Retained earnings for year Retained earnings for year= Earnings for year - Dividends for year For Calculating Earnings we can use the following formula Earings = Equity at the beginning ROE % Dividend = Earnings Pay- out Ratio Growth rate of dividends = (Dividends in current year - Dividends in previous year) / Dividends in previous year * 100% This formula calculates the percentage change in dividends from one year to the next. using the above Formulas we can easily find the missing values. Let us create a table for this now As mentioned in the Previous Step i have used the same Formula only to calculate missing Numbers..
Report
Share
Report
Share
Download to read offline
Recommended
Financial Statement Analysis ProjectValuationValuation.docx
Financial Statement Analysis Project
Valuation
Valuation
The last step of the project is to valuate the company and determine the buy price
We are going to introduce two valuation systems:
Margin of Safety price
Buy price based on Owner Earnings
2
Margin of Safety (MOS) Price
Step 1: EPS Trailing 12 month (EPS TTM)
Sum of EPS from the most recent 4 quarters (from Yahoo Finance or 10-Q)
Step 2: Future Growth Rate (FGR) – Key Parameter
You have calculated annual growth rates of Book Value, EPS, CFO, and Sales per share
Use these growth rates to come up your estimate of FGR (you just need to ball park a FGR, and it will be a rough estimate)
Your estimated FGR should be <= Analysts’ forecast of future growth
Step 3: Future EPS=EPS TTM × (1+FGR)10
Projected EPS in 10 years
Margin of Safety (MOS) Price
Step 4: Future P/E Ratio= 2 × FGR
Should be capped at historical high P/E ratio
Step 5: Future Value= Future EPS × Future P/E Ratio
Projected firm value in 10 years
Step 6: Fair Price= Future Value ÷ 4
Company’s fair value today
We want our money to double up every 5 years
Step 7: MOS Price= Fair price × 50%
I can help you with analysts’ forecast of FGR and historical high P/E ratio, as it can be challenging for you to find out
Buy Price based on Owner Earnings
This is the valuation method Buffett uses and explained in his 1986 Letter to Berkshire’s shareholders
We think of businesses like many people think of a real estate investment – a money making machine based on net profits generated
One way to look at a business is by analyzing cash flow generated after certain expenses. If you can keep a good profit after expenses and expect it to continue in the future, you have a good deal.
Buffett defines this cash flow as “Owner Earnings.”
We are looking to buy a great company at a price that will earn a 10% return (=Owner earnings) every year
Compute Owner Earnings
Pretax Income
+ Depreciation and Amortization
+/- Changes in Accounts Receivable
+/- Changes in Inventories
+/- Changes in Accounts Payable
- Maintenance CapEx (Total CapEx with Growth CapEx taken out)
----------------------
= Owner Earnings
Maintenance CapEx
Maintenance CapEx is the money the company spent to replace worn out property and equipment for the last fiscal year.
In real estate, this is like replacement of roof, countertop, carpet, and furnaces, etc.
The money spent on acquiring more real estate properties is Growth CapEx.
Most companies, however, do not separately report maintenance CapEx.
So we need to read 10-K to help us identify the maintenance CapEx.
Entry Point
Now you have two buy prices calculated. If your company is a great company you would like to own for the next 10 years, wait now until an event puts the company on sale
Great companies are often priced high (e.g., Costco, Chipotle, Ulta), and we don’t chase the stock
An event is an incident that causes the company’s stock price to decline sharply and puts the comp.
Basic Accounting Ratio Analysis Assignment Brief
Basic Accounting Ratio Analysis Assignment Brief
FNBE Semester 2
Recommended
Financial Statement Analysis ProjectValuationValuation.docx
Financial Statement Analysis Project
Valuation
Valuation
The last step of the project is to valuate the company and determine the buy price
We are going to introduce two valuation systems:
Margin of Safety price
Buy price based on Owner Earnings
2
Margin of Safety (MOS) Price
Step 1: EPS Trailing 12 month (EPS TTM)
Sum of EPS from the most recent 4 quarters (from Yahoo Finance or 10-Q)
Step 2: Future Growth Rate (FGR) – Key Parameter
You have calculated annual growth rates of Book Value, EPS, CFO, and Sales per share
Use these growth rates to come up your estimate of FGR (you just need to ball park a FGR, and it will be a rough estimate)
Your estimated FGR should be <= Analysts’ forecast of future growth
Step 3: Future EPS=EPS TTM × (1+FGR)10
Projected EPS in 10 years
Margin of Safety (MOS) Price
Step 4: Future P/E Ratio= 2 × FGR
Should be capped at historical high P/E ratio
Step 5: Future Value= Future EPS × Future P/E Ratio
Projected firm value in 10 years
Step 6: Fair Price= Future Value ÷ 4
Company’s fair value today
We want our money to double up every 5 years
Step 7: MOS Price= Fair price × 50%
I can help you with analysts’ forecast of FGR and historical high P/E ratio, as it can be challenging for you to find out
Buy Price based on Owner Earnings
This is the valuation method Buffett uses and explained in his 1986 Letter to Berkshire’s shareholders
We think of businesses like many people think of a real estate investment – a money making machine based on net profits generated
One way to look at a business is by analyzing cash flow generated after certain expenses. If you can keep a good profit after expenses and expect it to continue in the future, you have a good deal.
Buffett defines this cash flow as “Owner Earnings.”
We are looking to buy a great company at a price that will earn a 10% return (=Owner earnings) every year
Compute Owner Earnings
Pretax Income
+ Depreciation and Amortization
+/- Changes in Accounts Receivable
+/- Changes in Inventories
+/- Changes in Accounts Payable
- Maintenance CapEx (Total CapEx with Growth CapEx taken out)
----------------------
= Owner Earnings
Maintenance CapEx
Maintenance CapEx is the money the company spent to replace worn out property and equipment for the last fiscal year.
In real estate, this is like replacement of roof, countertop, carpet, and furnaces, etc.
The money spent on acquiring more real estate properties is Growth CapEx.
Most companies, however, do not separately report maintenance CapEx.
So we need to read 10-K to help us identify the maintenance CapEx.
Entry Point
Now you have two buy prices calculated. If your company is a great company you would like to own for the next 10 years, wait now until an event puts the company on sale
Great companies are often priced high (e.g., Costco, Chipotle, Ulta), and we don’t chase the stock
An event is an incident that causes the company’s stock price to decline sharply and puts the comp.
Basic Accounting Ratio Analysis Assignment Brief
Basic Accounting Ratio Analysis Assignment Brief
FNBE Semester 2
Due tomorrow morning and here is my Module 1 assignment to use for m.docx
Due tomorrow morning and here is my Module 1 assignment to use for module 4 SLP.
Apple Financial Analysis
Trident University
Adeyemi Olatunji
Module 1 SLP
FIN 501
Dr. Michael Aubry
May 21, 2017
Apple Financial Analysis
Apple Inc. is a premier company that deals with the design, production and marketing of computers, mobile phones and third party applications, and software. The company’s products include the iPhone, pad, and mac. The company’s operating system software include as is, OS X, watches, and those
("Apple - Annual Report", 2015).
Other products include; the Apple TV, iPod and the Apple Watch. Apple’s target market includes the government, midsized businesses and other enterprises. Apple is one the best performing companies in the tech industry as shown by its financial ratios that indicate the financial health of the company.
Recent Financial Performance
To efficiently evaluate Apples financial condition I analyzed its financial statements and used the values in the statements to calculate the financial ratios for the last three years. After performing an incisive analysis of the company’s financial statements by calculating various measures and comparing them to the industry benchmarks such as the S&P index it is evident that the company is financially strong and performing better than its peers in the industry.
Current financial Health
There are various ratios and techniques that can be used to analyze Apple’s current financial health. These measures can be categorized into liquidity, profitability, asset management and debt ratios. The ratios measure the performance, rate of growth, efficiency and the financial condition of the company as discussed below
Liquidity ratios
The current ratio measures the solvency and liquidity of an entity. It is calculated as current assets divided by current liabilities
(Khan, & Jain, 2007)
. Apple Inc.'s current ratio increased from 2014 to 2015 and from 2015 to 2016. The quick ratio is also another liquidity ratio that measures the ability of a company to meet its most current obligations. The steady increase in the liquidity ratio indicates that Apple has improved it is ability to meet its obligations.
LIQUIDITY RATIOS
2014
2015
2016
Quick ratio
0.67
0.72
1.04
current ratio
1.08
1.1
1.35
Financial Value
The price to earnings ratio is used to calculate the financial value of a company. The Price to earnings ratio can be interpreted as the length of time in years a company takes to recover the price paid for the stock. It values the company by measuring the current share price in relation to the earnings per share. The price to earnings ratio is calculated as; Market Value per Share / Earnings per Share. Apple’s Price to earnings ratio has been on the rise for the last couple of years but reduced slightly in the last fiscal year. The price to cash flow is also other ratio used in valuation of a company. According to the t.
Running Head FINANCIAL STATEMENT ANALYSIS OF GOOGLE COMPANY F.docx
Running Head: FINANCIAL STATEMENT ANALYSIS OF GOOGLE COMPANY
FIN 3014 — PRINCIPLES OF BUSINESS FINANCE LAB 6
FINANCIAL STATEMENT ANALYSIS OF GOOGLE, INC
Student’s name:
University:
Date of submission:
Financial Statement Analysis
Introduction
This paper analyses the financial statements of Google, Inc. The stock symbol for this company is GOOG (Google.com, 2015). The analysis covers the fiscal years 2012, 2013 and 2014. This financial statement analysis involves calculations of DuPont decomposition and liquidity ratios of the company and analyzing the results of the calculations. The annual income statements and balance sheets of the company provide information necessary to make these calculations. Finally, the paper makes a conclusion based on financial statement analysis.
Calculation of the DuPont decomposition
DuPont identity is basically an equation that breaks down Return On Equity (ROE) into three parts (Berk, 2010). Usually, ROE is calculated using the short formula:
ROE= Net Income/ Equity
However, the above equation can further be broken down into three parts to give an equation known as DuPont identity shown below:
ROE = Net Income/Sales *Sales/Assets * Assets/Equity
The table below shows the calculation of DuPont Decomposition of Google Company for the fiscal years 2012, 2013 and 2014.
DuPont Analysis for Google, Inc
Year
NI/Equity (%)
NI/Sales (%)
Sales/Assets (%)
Assets/Equity
2012
14.97
23.32
49.08
1.31
2013
14.80
23.27
50.05
1.27
2014
13.82
21.88
50.33
1.25
From the above table, ROE for Google Company has been declining over the three years. ROE is a profitability ratio which assesses the effective use of the company’s resources so as to generate more profits (Berk, 2010). The decline in this ratio may imply that stockholder’s equity was not effectively used over the three years (Berk, 2010). However, by further analyzing the components of ROE, it can be seen that the ratios Net Income/ Sales and Assets/Equity also declined over the three years while the ratio Sales/Assets improved over the three years.
The decline in the ratio Net Income/Sales imply that the company generated more sales over the three years but this was not translated into improved net income. A decline in assets/equity ratio implies that the contributions of stockholders increased at a faster rate than total assets over the three years. Finally, the increase in the Sales/Assets ratio implies that the company generated more sales over the three years. In overall, the changes in these three components of ROE led to a decline in ROE over the three years. Since ROE assesses the effective use of re.
NewFCFF2StageTwo-Stage FCFF Discount ModelThis model is designed t.docx
NewFCFF2StageTwo-Stage FCFF Discount ModelThis model is designed to value a firm, with two stages of growth, an initialperiod of higher growth and a subsequent period of stable growth.For a richer version of this model, try the fcffginzu.xls spreadsheet.Assumptions1. The firm is expected to grow at a higher growth rate in the first period.2. The growth rate will drop at the end of the first period to the stable growth rate.The user has to define the following inputs:1. Length of high growth period2. Expected growth rate in earnings during the high growth period.3. Capital Spending, Depreciation and Working Capital needs during the high growth period.4. Expected growth rate in earnings during the stable growth period.5. Inputs for the cost of capital. (Cost of equity, Cost of debt, Weights on debt and equity)Inputs to the modelCurrent EBIT =$5,186.00Current Interest Expense =$118.00Current Capital Spending$2,152.00Current Depreciation & Amort'n =$1,228.00Tax Rate on Income =28.49%Current Revenues =$16,701.00Current Non-cash Working Capital =$3,755.00Chg. Working Capital =$499.00Last yearCash and Marketable Securities$500.00Value of equity options issued by firm =$1,500.00Book Value of Debt =$1,479.00$1,315.00Book Value of Equity =$12,941.00$12,156.00Weights on Debt and EquityIs the firm publicly traded ?Yes( Yes or No)If yes, enter the market price per share =$125.50(in currency)& Number of shares outstanding =993.57(in #)& Market Value of Debt =$1,822.00( in currency)If no, do you want to use the book value debt ratio ?No(Yes or No)If no, enter the debt to capital ratio to be used =(in percent)Enter length of extraordinary growth period =5(in years)Do you want to change the debt ratio in the stable growth period?NoIf yes, enter the debt ratio for the stable growth period =Costs of ComponentsDo you want to enter cost of equity directly?No(Yes or No)If yes, enter the cost of equity =(in percent)If no, enter the inputs to the cost of equityBeta of the stock =0.8Riskfree rate=5.30%(in percent)Risk Premium=5.50%(in percent)Enter the cost of debt for cost of capital calculation5.50%( in percent)Earnings InputsDo you want to use the historical growth rate?No(Yes or No)If yes, enter EBIT from five years ago =$800.00(in currency)Do you have an outside estimate of growth ?Yes(Yes or No)If yes, enter the estimated growth:12.50%(in percent)Do you want to calculate the growth rate from fundamentals?Yes(Yes or No)The following will be the inputs to the fundamental growth formulation:ROC =27.53%Reinv. Rate =38.37%Do you want to change any of these inputs for the high growth period?No(Yes or No)If yes, specify the values for these inputs (Please enter all variables)ROC =10.00%Reinv. Rate =100.00%Specify weights to be assigned to each of these growth rates:Historical Growth Rate =0.00%(in percent)Outside Prediction of Growth =0.00%(in percent)Fundamental Estimate of Growth =100.00%(in percent)Enter growth rate in stable growth period?6.00%(in percent)BetaW.
NewFCFF2StageTwo-Stage FCFF Discount ModelThis model is designed t.docx
NewFCFF2StageTwo-Stage FCFF Discount ModelThis model is designed to value a firm, with two stages of growth, an initialperiod of higher growth and a subsequent period of stable growth.For a richer version of this model, try the fcffginzu.xls spreadsheet.Assumptions1. The firm is expected to grow at a higher growth rate in the first period.2. The growth rate will drop at the end of the first period to the stable growth rate.The user has to define the following inputs:1. Length of high growth period2. Expected growth rate in earnings during the high growth period.3. Capital Spending, Depreciation and Working Capital needs during the high growth period.4. Expected growth rate in earnings during the stable growth period.5. Inputs for the cost of capital. (Cost of equity, Cost of debt, Weights on debt and equity)Inputs to the modelCurrent EBIT =$5,186.00Current Interest Expense =$118.00Current Capital Spending$2,152.00Current Depreciation & Amort'n =$1,228.00Tax Rate on Income =28.49%Current Revenues =$16,701.00Current Non-cash Working Capital =$3,755.00Chg. Working Capital =$499.00Last yearCash and Marketable Securities$500.00Value of equity options issued by firm =$1,500.00Book Value of Debt =$1,479.00$1,315.00Book Value of Equity =$12,941.00$12,156.00Weights on Debt and EquityIs the firm publicly traded ?Yes( Yes or No)If yes, enter the market price per share =$125.50(in currency)& Number of shares outstanding =993.57(in #)& Market Value of Debt =$1,822.00( in currency)If no, do you want to use the book value debt ratio ?No(Yes or No)If no, enter the debt to capital ratio to be used =(in percent)Enter length of extraordinary growth period =5(in years)Do you want to change the debt ratio in the stable growth period?NoIf yes, enter the debt ratio for the stable growth period =Costs of ComponentsDo you want to enter cost of equity directly?No(Yes or No)If yes, enter the cost of equity =(in percent)If no, enter the inputs to the cost of equityBeta of the stock =0.8Riskfree rate=5.30%(in percent)Risk Premium=5.50%(in percent)Enter the cost of debt for cost of capital calculation5.50%( in percent)Earnings InputsDo you want to use the historical growth rate?No(Yes or No)If yes, enter EBIT from five years ago =$800.00(in currency)Do you have an outside estimate of growth ?Yes(Yes or No)If yes, enter the estimated growth:12.50%(in percent)Do you want to calculate the growth rate from fundamentals?Yes(Yes or No)The following will be the inputs to the fundamental growth formulation:ROC =27.53%Reinv. Rate =38.37%Do you want to change any of these inputs for the high growth period?No(Yes or No)If yes, specify the values for these inputs (Please enter all variables)ROC =10.00%Reinv. Rate =100.00%Specify weights to be assigned to each of these growth rates:Historical Growth Rate =0.00%(in percent)Outside Prediction of Growth =0.00%(in percent)Fundamental Estimate of Growth =100.00%(in percent)Enter growth rate in stable growth period?6.00%(in percent)BetaW.
NewFCFF2StageTwo-Stage FCFF Discount ModelThis model is designed t.docx
NewFCFF2StageTwo-Stage FCFF Discount ModelThis model is designed to value a firm, with two stages of growth, an initialperiod of higher growth and a subsequent period of stable growth.For a richer version of this model, try the fcffginzu.xls spreadsheet.Assumptions1. The firm is expected to grow at a higher growth rate in the first period.2. The growth rate will drop at the end of the first period to the stable growth rate.The user has to define the following inputs:1. Length of high growth period2. Expected growth rate in earnings during the high growth period.3. Capital Spending, Depreciation and Working Capital needs during the high growth period.4. Expected growth rate in earnings during the stable growth period.5. Inputs for the cost of capital. (Cost of equity, Cost of debt, Weights on debt and equity)Inputs to the modelCurrent EBIT =$5,186.00Current Interest Expense =$118.00Current Capital Spending$2,152.00Current Depreciation & Amort'n =$1,228.00Tax Rate on Income =28.49%Current Revenues =$16,701.00Current Non-cash Working Capital =$3,755.00Chg. Working Capital =$499.00Last yearCash and Marketable Securities$500.00Value of equity options issued by firm =$1,500.00Book Value of Debt =$1,479.00$1,315.00Book Value of Equity =$12,941.00$12,156.00Weights on Debt and EquityIs the firm publicly traded ?Yes( Yes or No)If yes, enter the market price per share =$125.50(in currency)& Number of shares outstanding =993.57(in #)& Market Value of Debt =$1,822.00( in currency)If no, do you want to use the book value debt ratio ?No(Yes or No)If no, enter the debt to capital ratio to be used =(in percent)Enter length of extraordinary growth period =5(in years)Do you want to change the debt ratio in the stable growth period?NoIf yes, enter the debt ratio for the stable growth period =Costs of ComponentsDo you want to enter cost of equity directly?No(Yes or No)If yes, enter the cost of equity =(in percent)If no, enter the inputs to the cost of equityBeta of the stock =0.8Riskfree rate=5.30%(in percent)Risk Premium=5.50%(in percent)Enter the cost of debt for cost of capital calculation5.50%( in percent)Earnings InputsDo you want to use the historical growth rate?No(Yes or No)If yes, enter EBIT from five years ago =$800.00(in currency)Do you have an outside estimate of growth ?Yes(Yes or No)If yes, enter the estimated growth:12.50%(in percent)Do you want to calculate the growth rate from fundamentals?Yes(Yes or No)The following will be the inputs to the fundamental growth formulation:ROC =27.53%Reinv. Rate =38.37%Do you want to change any of these inputs for the high growth period?No(Yes or No)If yes, specify the values for these inputs (Please enter all variables)ROC =10.00%Reinv. Rate =100.00%Specify weights to be assigned to each of these growth rates:Historical Growth Rate =0.00%(in percent)Outside Prediction of Growth =0.00%(in percent)Fundamental Estimate of Growth =100.00%(in percent)Enter growth rate in stable growth period?6.00%(in percent)BetaW.
Financial accounting assignment help
http://www.expertsmind.com/accounting/financial-accounting-homework-assignment-help.aspx
Accrual Accounting And Valuation: Pricing Book Value
This chapter has outlined an accrual accounting valuation model that can be applied to
equities, projects, and strategies. The model utilizes information from the balance sheet and
calculates the difference between balance sheet value and intrinsic value from forecasts of
earnings and book values that will be reported in future forecasted income statements and
balance sheets.
Ratio analysis
for full text article go to : www.accountingchimp.com/ratio-analysis/
In this article of Ratio Analysis, you will learn how they can be used to analyze a company. Understand the meaning and formulas associated with Liquidity ratios, Profitability ratios, Turnover ratios, and Debt ratios
EFN Percent of sales method = SAS ▲S + ▲FA - SLS ▲S - ▲RE .docx
EFN Percent of sales method = SA/S ▲S + ▲FA - SL/S ▲S - ▲RE +/- Misc.
▲RE = (S + ▲S)(PM)(1 - PO)
D/A: Debt to asset ratio (EFN + (SL/S)▲S)/((SA/S)▲S + ▲FA)
Sustainable Growth: ▲S = (▲FA(1 - D/A) - S(PM)(1 - PO))/((SA/S)(D/A - 1) + (PM)(1 - PO))
Instructions: You must complete and hand-in this exam as a word document. Type your answers where appropriate in essays and problems. In the multiple choice questions, highlight your answer.
Part 1: Multiple Choice Questions. Please select the best answer of those provided. Mark your answers by highlighting the correct response. Each question is worth 2 points.
1. Suppose that a company has a profit margin of 5%, an ROA of 12.5% and an ROE of 37.5%. What are this company’s asset turnover and equity multiplier ratios, respectively? They are:
a. 2.5 and 3.0
b. 6 and 0.667
c. 3 and 2
d. 5% and 12.5%
e. None of the above
2. A company has an ROE of 12% and an equity multiplier of 3. What is its ROA? It is:
a. 4%
b. 12%
c. 36%
d. There is insufficient information to compute this number
e. None of the above
3. Which of the following ratios does not measure the quality of liquidity?
a. Current Ratio
b. Ratio of Inventory to Working Capital
c. Ratio of Receivables to Working Capital.
d. None of the above.
4. Leverage magnifies the bottom line. So in a good year, debt can magnify (increase) a company’s positive net income.
a. True
b. False
5. If a company’s inventory to working capital increased, but its total current assets and current liabilities did not change, its quality of liquidity would…..
a. increase
b. decrease
c. not change
6. Suppose that a company has a debt to asset ratio of 75%. Its debt to equity ratio would be:
a. 75%
b. 25%
c. 300%
d. 750%
e. None of the above
7. If interest rates increase, then a company’s times interest earned ratio would most likely…… (You may assume the company has borrowed a significant amount of both long and short-term debt).
a. increase
b. decrease
c. not change
8. If inventory turnover decreases in a year in which sales and cost of goods sold have not changed, then we can assume that inventory has…….
a. increased
b. decreased
c. not changed
9. When we test the importance of an assumption that we have made in a forecast, this action is called:
a. The first pass forecast
b. Spontaneous assets
c. Sensitivity analysis
d. Long range strategy
e. None of the above
10. Budgets tend to be relatively short-term in their scope while forecasts tend to be somewhat longer-term oriented.
a. True
b. False
11.Forecasts then to be more concerned with details than budgets>
a. True
b. False
12. The company will need to raise funds to finance its growth when EFN is:
a. positive
b. negative
c. zero
d. larger than ΔFA
e. none of the above
13. The EFN model ignores depreciation entirely.
...
Accounting assignment business decision 2
If you want to get customized help regarding any assignment from our experts, Please contact us @ www.assignmentconsultancy.com or mail us to support@assignmentconsultancy.com
WE provide services for all the assignments such as
Portfolio Management Assignment, Valuation Analysis, DCF Valuation, Discounted Cash Flow, Time value of money, capital formation, equity valuation, dividend discount model, cash flow analysis, valuation of the firm through free cash flow, bond valuation, techniques of project evaluation, like net present value and internal rate of return, Short rate model, Financial capital, Financial modeling, Financial Analysis, Financial Accounting, financial forecasting, understanding of company and its future.
Accounting assignment business decision
If you want to get customized help regarding any assignment from our experts, Please contact us @ www.assignmentconsultancy.com or mail us to support@assignmentconsultancy.com
WE provide services for all the assignments such as
Portfolio Management Assignment, Valuation Analysis, DCF Valuation, Discounted Cash Flow, Time value of money, capital formation, equity valuation, dividend discount model, cash flow analysis, valuation of the firm through free cash flow, bond valuation, techniques of project evaluation, like net present value and internal rate of return, Short rate model, Financial capital, Financial modeling, Financial Analysis, Financial Accounting, financial forecasting, understanding of company and its future.
P1 El ni�o _________ aparentemente result� ileso y tranquilo despu�.pdf
P1: El nio _________ aparentemente result ileso y tranquilo despus de caerse de su bicicleta.
R: ansioso
B: resistente
C: cauteloso
D: prspero
ES: inmaduro
P2: La maestra esperaba ________ dentro de sus alumnos un sentido de responsabilidad por
ellos mismos y por su comunidad.
R: revocar
B: inculcar
C: abogado
D: prolongar
ES: introspeccin
P3: Por lo general, un partidario ________ de su equipo, el fantico fue inusualmente _______
acerca de asistir al partido inaugural porque el pronstico anunciaba fuertes lluvias.
A: ferviente .. ambivalente
B: comprometido .. entusiasta
C: tibio .. reacio
D: rabioso.. silencioso
E: franco .. tranquilo
P4: El volumen ms reciente de la revista ________ su nmero actual; el prximo nmero no saldr
hasta el prximo ao
R: desordenado
B: introducido
C: realizado
D: concluido
mi: alcanzado.
P1 Las organizaciones gastan mucho dinero en permitir que los emple.pdf
P1: Las organizaciones gastan mucho dinero en permitir que los empleados resuelvan problemas
de forma colectiva. Pero inducir una mayor colaboracin en realidad puede obstaculizar la parte
ms importante de la resolucin de problemas: resolver el problema de verdad. Deberan las
organizaciones dejar que sus empleados trabajen individualmente? (10)
P2: Discuta las implicaciones para el lugar de trabajo. En tu opinin que opinas? (10) Lmite de
palabras de cada pregunta: 400 palabras.
More Related Content
Similar to Part A of this question has been done and I have attached the answer.pdf
Due tomorrow morning and here is my Module 1 assignment to use for m.docx
Due tomorrow morning and here is my Module 1 assignment to use for module 4 SLP.
Apple Financial Analysis
Trident University
Adeyemi Olatunji
Module 1 SLP
FIN 501
Dr. Michael Aubry
May 21, 2017
Apple Financial Analysis
Apple Inc. is a premier company that deals with the design, production and marketing of computers, mobile phones and third party applications, and software. The company’s products include the iPhone, pad, and mac. The company’s operating system software include as is, OS X, watches, and those
("Apple - Annual Report", 2015).
Other products include; the Apple TV, iPod and the Apple Watch. Apple’s target market includes the government, midsized businesses and other enterprises. Apple is one the best performing companies in the tech industry as shown by its financial ratios that indicate the financial health of the company.
Recent Financial Performance
To efficiently evaluate Apples financial condition I analyzed its financial statements and used the values in the statements to calculate the financial ratios for the last three years. After performing an incisive analysis of the company’s financial statements by calculating various measures and comparing them to the industry benchmarks such as the S&P index it is evident that the company is financially strong and performing better than its peers in the industry.
Current financial Health
There are various ratios and techniques that can be used to analyze Apple’s current financial health. These measures can be categorized into liquidity, profitability, asset management and debt ratios. The ratios measure the performance, rate of growth, efficiency and the financial condition of the company as discussed below
Liquidity ratios
The current ratio measures the solvency and liquidity of an entity. It is calculated as current assets divided by current liabilities
(Khan, & Jain, 2007)
. Apple Inc.'s current ratio increased from 2014 to 2015 and from 2015 to 2016. The quick ratio is also another liquidity ratio that measures the ability of a company to meet its most current obligations. The steady increase in the liquidity ratio indicates that Apple has improved it is ability to meet its obligations.
LIQUIDITY RATIOS
2014
2015
2016
Quick ratio
0.67
0.72
1.04
current ratio
1.08
1.1
1.35
Financial Value
The price to earnings ratio is used to calculate the financial value of a company. The Price to earnings ratio can be interpreted as the length of time in years a company takes to recover the price paid for the stock. It values the company by measuring the current share price in relation to the earnings per share. The price to earnings ratio is calculated as; Market Value per Share / Earnings per Share. Apple’s Price to earnings ratio has been on the rise for the last couple of years but reduced slightly in the last fiscal year. The price to cash flow is also other ratio used in valuation of a company. According to the t.
Running Head FINANCIAL STATEMENT ANALYSIS OF GOOGLE COMPANY F.docx
Running Head: FINANCIAL STATEMENT ANALYSIS OF GOOGLE COMPANY
FIN 3014 — PRINCIPLES OF BUSINESS FINANCE LAB 6
FINANCIAL STATEMENT ANALYSIS OF GOOGLE, INC
Student’s name:
University:
Date of submission:
Financial Statement Analysis
Introduction
This paper analyses the financial statements of Google, Inc. The stock symbol for this company is GOOG (Google.com, 2015). The analysis covers the fiscal years 2012, 2013 and 2014. This financial statement analysis involves calculations of DuPont decomposition and liquidity ratios of the company and analyzing the results of the calculations. The annual income statements and balance sheets of the company provide information necessary to make these calculations. Finally, the paper makes a conclusion based on financial statement analysis.
Calculation of the DuPont decomposition
DuPont identity is basically an equation that breaks down Return On Equity (ROE) into three parts (Berk, 2010). Usually, ROE is calculated using the short formula:
ROE= Net Income/ Equity
However, the above equation can further be broken down into three parts to give an equation known as DuPont identity shown below:
ROE = Net Income/Sales *Sales/Assets * Assets/Equity
The table below shows the calculation of DuPont Decomposition of Google Company for the fiscal years 2012, 2013 and 2014.
DuPont Analysis for Google, Inc
Year
NI/Equity (%)
NI/Sales (%)
Sales/Assets (%)
Assets/Equity
2012
14.97
23.32
49.08
1.31
2013
14.80
23.27
50.05
1.27
2014
13.82
21.88
50.33
1.25
From the above table, ROE for Google Company has been declining over the three years. ROE is a profitability ratio which assesses the effective use of the company’s resources so as to generate more profits (Berk, 2010). The decline in this ratio may imply that stockholder’s equity was not effectively used over the three years (Berk, 2010). However, by further analyzing the components of ROE, it can be seen that the ratios Net Income/ Sales and Assets/Equity also declined over the three years while the ratio Sales/Assets improved over the three years.
The decline in the ratio Net Income/Sales imply that the company generated more sales over the three years but this was not translated into improved net income. A decline in assets/equity ratio implies that the contributions of stockholders increased at a faster rate than total assets over the three years. Finally, the increase in the Sales/Assets ratio implies that the company generated more sales over the three years. In overall, the changes in these three components of ROE led to a decline in ROE over the three years. Since ROE assesses the effective use of re.
NewFCFF2StageTwo-Stage FCFF Discount ModelThis model is designed t.docx
NewFCFF2StageTwo-Stage FCFF Discount ModelThis model is designed to value a firm, with two stages of growth, an initialperiod of higher growth and a subsequent period of stable growth.For a richer version of this model, try the fcffginzu.xls spreadsheet.Assumptions1. The firm is expected to grow at a higher growth rate in the first period.2. The growth rate will drop at the end of the first period to the stable growth rate.The user has to define the following inputs:1. Length of high growth period2. Expected growth rate in earnings during the high growth period.3. Capital Spending, Depreciation and Working Capital needs during the high growth period.4. Expected growth rate in earnings during the stable growth period.5. Inputs for the cost of capital. (Cost of equity, Cost of debt, Weights on debt and equity)Inputs to the modelCurrent EBIT =$5,186.00Current Interest Expense =$118.00Current Capital Spending$2,152.00Current Depreciation & Amort'n =$1,228.00Tax Rate on Income =28.49%Current Revenues =$16,701.00Current Non-cash Working Capital =$3,755.00Chg. Working Capital =$499.00Last yearCash and Marketable Securities$500.00Value of equity options issued by firm =$1,500.00Book Value of Debt =$1,479.00$1,315.00Book Value of Equity =$12,941.00$12,156.00Weights on Debt and EquityIs the firm publicly traded ?Yes( Yes or No)If yes, enter the market price per share =$125.50(in currency)& Number of shares outstanding =993.57(in #)& Market Value of Debt =$1,822.00( in currency)If no, do you want to use the book value debt ratio ?No(Yes or No)If no, enter the debt to capital ratio to be used =(in percent)Enter length of extraordinary growth period =5(in years)Do you want to change the debt ratio in the stable growth period?NoIf yes, enter the debt ratio for the stable growth period =Costs of ComponentsDo you want to enter cost of equity directly?No(Yes or No)If yes, enter the cost of equity =(in percent)If no, enter the inputs to the cost of equityBeta of the stock =0.8Riskfree rate=5.30%(in percent)Risk Premium=5.50%(in percent)Enter the cost of debt for cost of capital calculation5.50%( in percent)Earnings InputsDo you want to use the historical growth rate?No(Yes or No)If yes, enter EBIT from five years ago =$800.00(in currency)Do you have an outside estimate of growth ?Yes(Yes or No)If yes, enter the estimated growth:12.50%(in percent)Do you want to calculate the growth rate from fundamentals?Yes(Yes or No)The following will be the inputs to the fundamental growth formulation:ROC =27.53%Reinv. Rate =38.37%Do you want to change any of these inputs for the high growth period?No(Yes or No)If yes, specify the values for these inputs (Please enter all variables)ROC =10.00%Reinv. Rate =100.00%Specify weights to be assigned to each of these growth rates:Historical Growth Rate =0.00%(in percent)Outside Prediction of Growth =0.00%(in percent)Fundamental Estimate of Growth =100.00%(in percent)Enter growth rate in stable growth period?6.00%(in percent)BetaW.
NewFCFF2StageTwo-Stage FCFF Discount ModelThis model is designed t.docx
NewFCFF2StageTwo-Stage FCFF Discount ModelThis model is designed to value a firm, with two stages of growth, an initialperiod of higher growth and a subsequent period of stable growth.For a richer version of this model, try the fcffginzu.xls spreadsheet.Assumptions1. The firm is expected to grow at a higher growth rate in the first period.2. The growth rate will drop at the end of the first period to the stable growth rate.The user has to define the following inputs:1. Length of high growth period2. Expected growth rate in earnings during the high growth period.3. Capital Spending, Depreciation and Working Capital needs during the high growth period.4. Expected growth rate in earnings during the stable growth period.5. Inputs for the cost of capital. (Cost of equity, Cost of debt, Weights on debt and equity)Inputs to the modelCurrent EBIT =$5,186.00Current Interest Expense =$118.00Current Capital Spending$2,152.00Current Depreciation & Amort'n =$1,228.00Tax Rate on Income =28.49%Current Revenues =$16,701.00Current Non-cash Working Capital =$3,755.00Chg. Working Capital =$499.00Last yearCash and Marketable Securities$500.00Value of equity options issued by firm =$1,500.00Book Value of Debt =$1,479.00$1,315.00Book Value of Equity =$12,941.00$12,156.00Weights on Debt and EquityIs the firm publicly traded ?Yes( Yes or No)If yes, enter the market price per share =$125.50(in currency)& Number of shares outstanding =993.57(in #)& Market Value of Debt =$1,822.00( in currency)If no, do you want to use the book value debt ratio ?No(Yes or No)If no, enter the debt to capital ratio to be used =(in percent)Enter length of extraordinary growth period =5(in years)Do you want to change the debt ratio in the stable growth period?NoIf yes, enter the debt ratio for the stable growth period =Costs of ComponentsDo you want to enter cost of equity directly?No(Yes or No)If yes, enter the cost of equity =(in percent)If no, enter the inputs to the cost of equityBeta of the stock =0.8Riskfree rate=5.30%(in percent)Risk Premium=5.50%(in percent)Enter the cost of debt for cost of capital calculation5.50%( in percent)Earnings InputsDo you want to use the historical growth rate?No(Yes or No)If yes, enter EBIT from five years ago =$800.00(in currency)Do you have an outside estimate of growth ?Yes(Yes or No)If yes, enter the estimated growth:12.50%(in percent)Do you want to calculate the growth rate from fundamentals?Yes(Yes or No)The following will be the inputs to the fundamental growth formulation:ROC =27.53%Reinv. Rate =38.37%Do you want to change any of these inputs for the high growth period?No(Yes or No)If yes, specify the values for these inputs (Please enter all variables)ROC =10.00%Reinv. Rate =100.00%Specify weights to be assigned to each of these growth rates:Historical Growth Rate =0.00%(in percent)Outside Prediction of Growth =0.00%(in percent)Fundamental Estimate of Growth =100.00%(in percent)Enter growth rate in stable growth period?6.00%(in percent)BetaW.
NewFCFF2StageTwo-Stage FCFF Discount ModelThis model is designed t.docx
NewFCFF2StageTwo-Stage FCFF Discount ModelThis model is designed to value a firm, with two stages of growth, an initialperiod of higher growth and a subsequent period of stable growth.For a richer version of this model, try the fcffginzu.xls spreadsheet.Assumptions1. The firm is expected to grow at a higher growth rate in the first period.2. The growth rate will drop at the end of the first period to the stable growth rate.The user has to define the following inputs:1. Length of high growth period2. Expected growth rate in earnings during the high growth period.3. Capital Spending, Depreciation and Working Capital needs during the high growth period.4. Expected growth rate in earnings during the stable growth period.5. Inputs for the cost of capital. (Cost of equity, Cost of debt, Weights on debt and equity)Inputs to the modelCurrent EBIT =$5,186.00Current Interest Expense =$118.00Current Capital Spending$2,152.00Current Depreciation & Amort'n =$1,228.00Tax Rate on Income =28.49%Current Revenues =$16,701.00Current Non-cash Working Capital =$3,755.00Chg. Working Capital =$499.00Last yearCash and Marketable Securities$500.00Value of equity options issued by firm =$1,500.00Book Value of Debt =$1,479.00$1,315.00Book Value of Equity =$12,941.00$12,156.00Weights on Debt and EquityIs the firm publicly traded ?Yes( Yes or No)If yes, enter the market price per share =$125.50(in currency)& Number of shares outstanding =993.57(in #)& Market Value of Debt =$1,822.00( in currency)If no, do you want to use the book value debt ratio ?No(Yes or No)If no, enter the debt to capital ratio to be used =(in percent)Enter length of extraordinary growth period =5(in years)Do you want to change the debt ratio in the stable growth period?NoIf yes, enter the debt ratio for the stable growth period =Costs of ComponentsDo you want to enter cost of equity directly?No(Yes or No)If yes, enter the cost of equity =(in percent)If no, enter the inputs to the cost of equityBeta of the stock =0.8Riskfree rate=5.30%(in percent)Risk Premium=5.50%(in percent)Enter the cost of debt for cost of capital calculation5.50%( in percent)Earnings InputsDo you want to use the historical growth rate?No(Yes or No)If yes, enter EBIT from five years ago =$800.00(in currency)Do you have an outside estimate of growth ?Yes(Yes or No)If yes, enter the estimated growth:12.50%(in percent)Do you want to calculate the growth rate from fundamentals?Yes(Yes or No)The following will be the inputs to the fundamental growth formulation:ROC =27.53%Reinv. Rate =38.37%Do you want to change any of these inputs for the high growth period?No(Yes or No)If yes, specify the values for these inputs (Please enter all variables)ROC =10.00%Reinv. Rate =100.00%Specify weights to be assigned to each of these growth rates:Historical Growth Rate =0.00%(in percent)Outside Prediction of Growth =0.00%(in percent)Fundamental Estimate of Growth =100.00%(in percent)Enter growth rate in stable growth period?6.00%(in percent)BetaW.
Financial accounting assignment help
http://www.expertsmind.com/accounting/financial-accounting-homework-assignment-help.aspx
Accrual Accounting And Valuation: Pricing Book Value
This chapter has outlined an accrual accounting valuation model that can be applied to
equities, projects, and strategies. The model utilizes information from the balance sheet and
calculates the difference between balance sheet value and intrinsic value from forecasts of
earnings and book values that will be reported in future forecasted income statements and
balance sheets.
Ratio analysis
for full text article go to : www.accountingchimp.com/ratio-analysis/
In this article of Ratio Analysis, you will learn how they can be used to analyze a company. Understand the meaning and formulas associated with Liquidity ratios, Profitability ratios, Turnover ratios, and Debt ratios
EFN Percent of sales method = SAS ▲S + ▲FA - SLS ▲S - ▲RE .docx
EFN Percent of sales method = SA/S ▲S + ▲FA - SL/S ▲S - ▲RE +/- Misc.
▲RE = (S + ▲S)(PM)(1 - PO)
D/A: Debt to asset ratio (EFN + (SL/S)▲S)/((SA/S)▲S + ▲FA)
Sustainable Growth: ▲S = (▲FA(1 - D/A) - S(PM)(1 - PO))/((SA/S)(D/A - 1) + (PM)(1 - PO))
Instructions: You must complete and hand-in this exam as a word document. Type your answers where appropriate in essays and problems. In the multiple choice questions, highlight your answer.
Part 1: Multiple Choice Questions. Please select the best answer of those provided. Mark your answers by highlighting the correct response. Each question is worth 2 points.
1. Suppose that a company has a profit margin of 5%, an ROA of 12.5% and an ROE of 37.5%. What are this company’s asset turnover and equity multiplier ratios, respectively? They are:
a. 2.5 and 3.0
b. 6 and 0.667
c. 3 and 2
d. 5% and 12.5%
e. None of the above
2. A company has an ROE of 12% and an equity multiplier of 3. What is its ROA? It is:
a. 4%
b. 12%
c. 36%
d. There is insufficient information to compute this number
e. None of the above
3. Which of the following ratios does not measure the quality of liquidity?
a. Current Ratio
b. Ratio of Inventory to Working Capital
c. Ratio of Receivables to Working Capital.
d. None of the above.
4. Leverage magnifies the bottom line. So in a good year, debt can magnify (increase) a company’s positive net income.
a. True
b. False
5. If a company’s inventory to working capital increased, but its total current assets and current liabilities did not change, its quality of liquidity would…..
a. increase
b. decrease
c. not change
6. Suppose that a company has a debt to asset ratio of 75%. Its debt to equity ratio would be:
a. 75%
b. 25%
c. 300%
d. 750%
e. None of the above
7. If interest rates increase, then a company’s times interest earned ratio would most likely…… (You may assume the company has borrowed a significant amount of both long and short-term debt).
a. increase
b. decrease
c. not change
8. If inventory turnover decreases in a year in which sales and cost of goods sold have not changed, then we can assume that inventory has…….
a. increased
b. decreased
c. not changed
9. When we test the importance of an assumption that we have made in a forecast, this action is called:
a. The first pass forecast
b. Spontaneous assets
c. Sensitivity analysis
d. Long range strategy
e. None of the above
10. Budgets tend to be relatively short-term in their scope while forecasts tend to be somewhat longer-term oriented.
a. True
b. False
11.Forecasts then to be more concerned with details than budgets>
a. True
b. False
12. The company will need to raise funds to finance its growth when EFN is:
a. positive
b. negative
c. zero
d. larger than ΔFA
e. none of the above
13. The EFN model ignores depreciation entirely.
...
Accounting assignment business decision 2
If you want to get customized help regarding any assignment from our experts, Please contact us @ www.assignmentconsultancy.com or mail us to support@assignmentconsultancy.com
WE provide services for all the assignments such as
Portfolio Management Assignment, Valuation Analysis, DCF Valuation, Discounted Cash Flow, Time value of money, capital formation, equity valuation, dividend discount model, cash flow analysis, valuation of the firm through free cash flow, bond valuation, techniques of project evaluation, like net present value and internal rate of return, Short rate model, Financial capital, Financial modeling, Financial Analysis, Financial Accounting, financial forecasting, understanding of company and its future.
Accounting assignment business decision
If you want to get customized help regarding any assignment from our experts, Please contact us @ www.assignmentconsultancy.com or mail us to support@assignmentconsultancy.com
WE provide services for all the assignments such as
Portfolio Management Assignment, Valuation Analysis, DCF Valuation, Discounted Cash Flow, Time value of money, capital formation, equity valuation, dividend discount model, cash flow analysis, valuation of the firm through free cash flow, bond valuation, techniques of project evaluation, like net present value and internal rate of return, Short rate model, Financial capital, Financial modeling, Financial Analysis, Financial Accounting, financial forecasting, understanding of company and its future.
Similar to Part A of this question has been done and I have attached the answer.pdf (20)
Due tomorrow morning and here is my Module 1 assignment to use for m.docx
Due tomorrow morning and here is my Module 1 assignment to use for m.docx
Running Head FINANCIAL STATEMENT ANALYSIS OF GOOGLE COMPANY F.docx
Running Head FINANCIAL STATEMENT ANALYSIS OF GOOGLE COMPANY F.docx
NewFCFF2StageTwo-Stage FCFF Discount ModelThis model is designed t.docx
NewFCFF2StageTwo-Stage FCFF Discount ModelThis model is designed t.docx
NewFCFF2StageTwo-Stage FCFF Discount ModelThis model is designed t.docx
NewFCFF2StageTwo-Stage FCFF Discount ModelThis model is designed t.docx
NewFCFF2StageTwo-Stage FCFF Discount ModelThis model is designed t.docx
NewFCFF2StageTwo-Stage FCFF Discount ModelThis model is designed t.docx
Accrual Accounting And Valuation: Pricing Book Value
Accrual Accounting And Valuation: Pricing Book Value
EFN Percent of sales method = SAS ▲S + ▲FA - SLS ▲S - ▲RE .docx
EFN Percent of sales method = SAS ▲S + ▲FA - SLS ▲S - ▲RE .docx
More from amazing2001
P1 El ni�o _________ aparentemente result� ileso y tranquilo despu�.pdf
P1: El nio _________ aparentemente result ileso y tranquilo despus de caerse de su bicicleta.
R: ansioso
B: resistente
C: cauteloso
D: prspero
ES: inmaduro
P2: La maestra esperaba ________ dentro de sus alumnos un sentido de responsabilidad por
ellos mismos y por su comunidad.
R: revocar
B: inculcar
C: abogado
D: prolongar
ES: introspeccin
P3: Por lo general, un partidario ________ de su equipo, el fantico fue inusualmente _______
acerca de asistir al partido inaugural porque el pronstico anunciaba fuertes lluvias.
A: ferviente .. ambivalente
B: comprometido .. entusiasta
C: tibio .. reacio
D: rabioso.. silencioso
E: franco .. tranquilo
P4: El volumen ms reciente de la revista ________ su nmero actual; el prximo nmero no saldr
hasta el prximo ao
R: desordenado
B: introducido
C: realizado
D: concluido
mi: alcanzado.
P1 Las organizaciones gastan mucho dinero en permitir que los emple.pdf
P1: Las organizaciones gastan mucho dinero en permitir que los empleados resuelvan problemas
de forma colectiva. Pero inducir una mayor colaboracin en realidad puede obstaculizar la parte
ms importante de la resolucin de problemas: resolver el problema de verdad. Deberan las
organizaciones dejar que sus empleados trabajen individualmente? (10)
P2: Discuta las implicaciones para el lugar de trabajo. En tu opinin que opinas? (10) Lmite de
palabras de cada pregunta: 400 palabras.
P(X4t) Which of the following shaded regions corresponds to P(X41) P.pdf
P(X4t) Which of the following shaded regions corresponds to P(X41) ? P(x41)= (Round to four
decimal places as needed.).
P(B)= Ploind te three decimal placet a needet] (a) hiojdint wear beat .pdf
P(B)= Ploind te three decimal placet a needet] (a) hiojdint wear beat beit] " (De not egind und
the frum wewer. Thes mond bo then deomal places ar ceeded).
P(1.10x2.64)= Shade the corresponding ares under the standsrd normal c.pdf
P(1.10x2.64)= Shade the corresponding ares under the standsrd normal curve..
P(F1)=d(C3)=P(r3)= What inelleat an y pro uee nuynkal theited niefert.pdf
P(F1)=d(C3)=P(r3)= What inelleat an y pro uee? nuynkal theited niefertive matsed donical
methed Iative hiesenty metised.
Our theory of solar system formation emphasizes that hydrogen compou.pdf
Our theory of solar system formation emphasizes that hydrogen compounds only condense
outside the frost line. But what about the other ingredients? Explain your answers below in a
couple of sentences for each bullet.
Do rocks and metals in the solar nebula condense outside the frost line? Do they condense inside
the frost line?
What about hydrogen/helium gas? Where does it condense? How did it become Jupiter's main
ingredient?.
Output of executed code should show the followingJanuaryFebruar.pdf
Output of executed code should show the following:
January
February
March
April
May June
July
August
September
October
November
December.
Ortega and colleagues (2017) discovered that, of ~3,400 Blue-footed .pdf
Ortega and colleagues (2017) discovered that, of ~3,400 Blue-footed Booby offspring, those
with mismatched parents (one old and one young) had greater fitness. Either the mother or father
could be older. Typically, both male and female Blue-footed Boobies select mates that have
bright blue feet a sign of a high-quality diet. They are closely monitored because their
population has been steadily declining as diet sources (sardines) declines and fewer boobies are
mating. The mating behavior of Blue-footed Boobies can be best described as
A. Assortative
B. Random
C. Both disassortative and assortative
D. Disassortative.
other question Problem 1. Let UUniform(0,1). Determine the p.d.pdf
other question:
Problem 1. Let UUniform(0,1). Determine the p.d.f. of V:=U1.
Problem 2. Let X Exponential (), for some >0. Determine the p.d.f. of the andom variable
Y:=X+1X..
Our environment is very sensitive to the amount of ozone in the uppe.pdf
Our environment is very sensitive to the amount of ozone in the upper atmosphere. The level of
ozone normally found is 7.9 parts/million (ppm). A researcher believes that the current ozone
level is at an excess level. The mean of 16 samples is 8.1 ppm with a standard deviation of 1.0 .
Does the data support the claim at the 0.05 level? Assume the population distribution is
approximately normal..
Organization - Bapco Bahrain please answer all the points 1. Hig.pdf
Organization - Bapco Bahrain
please answer all the points
1. Highlight the purpose of the presentation
2. A brief overview of the selected organisation
3. The organizations strategy and HR strategy
4. Explain the choices for the chosen company that are related to the 9
strategic staffing decisions:
Core or Flexible Workforce
Internal or external hiring
Hire for or train and develop skills
Replace or retain talent
Staff proactively or reactively
Which jobs are critical?
Staffing as in investment or cost?
Centralised or decentalised?
Which Skills /What level must the organization focus on?
5. Highlight the Impact and the importance of Technology of Diversity and Inclusion on the
Recruitment/Selection process in this organization using social media more effectively.
6. What talent management approach is suitable to this organization and why?.
Organisation Contoso is getting ready to launch a new artificial int.pdf
Organisation Contoso is getting ready to launch a new artificial intelligence interactive service
that will be called chatCONTOSO. They are currently trialling the service from their own IT
infrastructure in one physical data center located in Montreal. They will soon be opening their
service over the internet but they don't know how succesfull it will be. Could leveraging the
cloud be an interesting proposition instead of investing in additional hardware for their own
physical data center? Please explain..
Outline a strategy that could be used to ensure participatory arrang.pdf
Outline a strategy that could be used to ensure participatory arrangements between employees
and their representatives within a small business. Be sure to include how you would document
this process and make the information available to all employees to ensure you meet legislative
requirement. Outline a strategy that you could implement to interest people/employees in OH&S
legislation. Be sure to detail how you would maintain the currency of information provided.
Orange Inc. ten�a 300.000 acciones ordinarias de valor nominal de $1.pdf
Orange Inc. tena 300.000 acciones ordinarias de valor nominal de $150 en circulacin a principios
de ao. Durante el ao, la compaa emiti una divisin de acciones de 3 por 1. Cul es el nmero de
acciones en circulacin despus de la divisin?
Seleccione uno:
a. 1.200.000 acciones
b. 600.000 acciones
C. 300.000 acciones
d. 900.000 acciones.
Owen es director de Packaging Company. Como director, los derechos d.pdf
Owen es director de Packaging Company. Como director, los derechos de Owen incluyen el
derecho a
subordinar el bienestar de la corporacin a su inters personal.
trato propio.
acceder a los libros, registros, instalaciones y otros bienes de la corporacin.
usar informacin corporativa confidencial para beneficio personal. a.
subordinar el bienestar de la corporacin a su inters personal. b.
trato propio. C.
acceder a los libros, registros, instalaciones y otros bienes de la corporacin. d.
usar informacin corporativa confidencial para beneficio personal..
More from amazing2001 (20)
P1 El ni�o _________ aparentemente result� ileso y tranquilo despu�.pdf
P1 El ni�o _________ aparentemente result� ileso y tranquilo despu�.pdf
P1 Las organizaciones gastan mucho dinero en permitir que los emple.pdf
P1 Las organizaciones gastan mucho dinero en permitir que los emple.pdf
P(X4t) Which of the following shaded regions corresponds to P(X41) P.pdf
P(X4t) Which of the following shaded regions corresponds to P(X41) P.pdf
P(B)= Ploind te three decimal placet a needet] (a) hiojdint wear beat .pdf
P(B)= Ploind te three decimal placet a needet] (a) hiojdint wear beat .pdf
P(1.10x2.64)= Shade the corresponding ares under the standsrd normal c.pdf
P(1.10x2.64)= Shade the corresponding ares under the standsrd normal c.pdf
P(F1)=d(C3)=P(r3)= What inelleat an y pro uee nuynkal theited niefert.pdf
P(F1)=d(C3)=P(r3)= What inelleat an y pro uee nuynkal theited niefert.pdf
Our theory of solar system formation emphasizes that hydrogen compou.pdf
Our theory of solar system formation emphasizes that hydrogen compou.pdf
Output of executed code should show the followingJanuaryFebruar.pdf
Output of executed code should show the followingJanuaryFebruar.pdf
Ortega and colleagues (2017) discovered that, of ~3,400 Blue-footed .pdf
Ortega and colleagues (2017) discovered that, of ~3,400 Blue-footed .pdf
other question Problem 1. Let UUniform(0,1). Determine the p.d.pdf
other question Problem 1. Let UUniform(0,1). Determine the p.d.pdf
Our environment is very sensitive to the amount of ozone in the uppe.pdf
Our environment is very sensitive to the amount of ozone in the uppe.pdf
Organization - Bapco Bahrain please answer all the points 1. Hig.pdf
Organization - Bapco Bahrain please answer all the points 1. Hig.pdf
Organisation Contoso is getting ready to launch a new artificial int.pdf
Organisation Contoso is getting ready to launch a new artificial int.pdf
Outline a strategy that could be used to ensure participatory arrang.pdf
Outline a strategy that could be used to ensure participatory arrang.pdf
Orange Inc. ten�a 300.000 acciones ordinarias de valor nominal de $1.pdf
Orange Inc. ten�a 300.000 acciones ordinarias de valor nominal de $1.pdf
Owen es director de Packaging Company. Como director, los derechos d.pdf
Owen es director de Packaging Company. Como director, los derechos d.pdf
Recently uploaded
Unit 8 - Information and Communication Technology (Paper I).pdf
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
special B.ed 2nd year old paper_20240531.pdf
Instagram:-
https://instagram.com/special_education_needs_01?igshid=YmMyMTA2M2Y=
WhatsApp:-
https://chat.whatsapp.com/JVakNIYlSV94x7bwunO3Dc
YouTube:-
https://youtube.com/@special_education_needs
Teligram :- https://t.me/special_education_needs
Slide Shere :-
https://www.slideshare.net/shabnambano20?utm_campaign=profiletracking&utm_medium=sssite&utm_source=ssslideview
MARUTI SUZUKI- A Successful Joint Venture in India.pptx
Let us know about Maruti Suzuki, a successful Joint venture in India.
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH ANSWERS.
Introduction to Quality Improvement Essentials
This is a presentation by Dada Robert in a Your Skill Boost masterclass organised by the Excellence Foundation for South Sudan (EFSS) on Saturday, the 25th and Sunday, the 26th of May 2024.
He discussed the concept of quality improvement, emphasizing its applicability to various aspects of life, including personal, project, and program improvements. He defined quality as doing the right thing at the right time in the right way to achieve the best possible results and discussed the concept of the "gap" between what we know and what we do, and how this gap represents the areas we need to improve. He explained the scientific approach to quality improvement, which involves systematic performance analysis, testing and learning, and implementing change ideas. He also highlighted the importance of client focus and a team approach to quality improvement.
Operation Blue Star - Saka Neela Tara
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
Unit 2- Research Aptitude (UGC NET Paper I).pdf
This slide describes the research aptitude of unit 2 in the UGC NET paper I.
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
Class 11 CBSE Business Studies Project ( AIDS TO TRADE - INSURANCE)
ESC Beyond Borders _From EU to You_ InfoPack general.pdf
ESC Beyond Borders _From EU to You_ InfoPack general.pdfFundacja Rozwoju Społeczeństwa Przedsiębiorczego
Wolontariat grupowyOverview on Edible Vaccine: Pros & Cons with Mechanism
This ppt include the description of the edible vaccine i.e. a new concept over the traditional vaccine administered by injection.
The Challenger.pdf DNHS Official Publication
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
1.4 modern child centered education - mahatma gandhi-2.pptx
Child centred education is an educational approach that priorities the interest, needs and abilities of the child in the learning process.
Supporting (UKRI) OA monographs at Salford.pptx
How libraries can support authors with open access requirements for UKRI funded books
Wednesday 22 May 2024, 14:00-15:00.
GIÁO ÁN DẠY THÊM (KẾ HOẠCH BÀI BUỔI 2) - TIẾNG ANH 8 GLOBAL SUCCESS (2 CỘT) N...
GIÁO ÁN DẠY THÊM (KẾ HOẠCH BÀI BUỔI 2) - TIẾNG ANH 8 GLOBAL SUCCESS (2 CỘT) N...Nguyen Thanh Tu Collection
https://app.box.com/s/4hfk1xwgxnova7f4dm37birdzflj806wCambridge International AS A Level Biology Coursebook - EBook (MaryFosbery J...
for studentd in cabridge board
Palestine last event orientationfvgnh .pptx
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
How to Make a Field invisible in Odoo 17
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
Recently uploaded (20)
Unit 8 - Information and Communication Technology (Paper I).pdf
Unit 8 - Information and Communication Technology (Paper I).pdf
MARUTI SUZUKI- A Successful Joint Venture in India.pptx
MARUTI SUZUKI- A Successful Joint Venture in India.pptx
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
ESC Beyond Borders _From EU to You_ InfoPack general.pdf
ESC Beyond Borders _From EU to You_ InfoPack general.pdf
Overview on Edible Vaccine: Pros & Cons with Mechanism
Overview on Edible Vaccine: Pros & Cons with Mechanism
1.4 modern child centered education - mahatma gandhi-2.pptx
1.4 modern child centered education - mahatma gandhi-2.pptx
GIÁO ÁN DẠY THÊM (KẾ HOẠCH BÀI BUỔI 2) - TIẾNG ANH 8 GLOBAL SUCCESS (2 CỘT) N...
GIÁO ÁN DẠY THÊM (KẾ HOẠCH BÀI BUỔI 2) - TIẾNG ANH 8 GLOBAL SUCCESS (2 CỘT) N...
Cambridge International AS A Level Biology Coursebook - EBook (MaryFosbery J...
Cambridge International AS A Level Biology Coursebook - EBook (MaryFosbery J...
Basic phrases for greeting and assisting costumers
Basic phrases for greeting and assisting costumers
Part A of this question has been done and I have attached the answer.pdf
- 1. Part A of this question has been done and I have attached the answers. Please do Part B and C Below is the answers for Part A The table below lists some partial information about Hercules Inc.: Required: a) Fill in all missing values in the table. (8 marks) b) Assume that Hercules' cost of equity capital is constant at 10% p.a. and that the firm enters a constant growth phase after year 4 (i.e., ROE and the pay-out ratio are constant thereafter). Calculate the intrinsic value of Hercules' equity. (4 marks) c) What is Hercules' Present Value of Growth Opportunities (PVGO) at the end of year 4 (after the dividend payment)? (4 marks) Let us do this Question. for doing this properly we should have first develop the understanding of Retained Earning Retained earnings represent the portion of earnings that a company has kept and reinvested in the business instead of distributing them as dividends to shareholders. So, if a company has a positive net income in a given year and does not pay out all of that income as dividends, the remaining amount is added to the retained earnings balance on the balance sheet. so for the Year 3,4,5 we have to calculate the Equity at the begging using Book value of equity at the beginning of year = Book value of equity at the beginning of the previous year + Retained earnings for year Retained earnings for year= Earnings for year - Dividends for year For Calculating Earnings we can use the following formula Earings = Equity at the beginning ROE % Dividend = Earnings Pay- out Ratio Growth rate of dividends = (Dividends in current year - Dividends in previous year) / Dividends in previous year * 100% This formula calculates the percentage change in dividends from one year to the next. using the above Formulas we can easily find the missing values. Let us create a table for this now As mentioned in the Previous Step i have used the same Formula only to calculate missing Numbers.