Finance Math Help Singapore

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FINANCE QUESTIONS AND ANSWERS( CONTACT OUR EXPERTS)

Sun Ltd has acquired all the shares of a major manufacturer Moon Ltd. The CFO of the company, Ms. Tania, has shown the board of directors of Sun Ltd, the financial information regarding the acquisition. The directors are not sure whether all the identifiable assets and liabilities of Moon Ltd must be recognised in the consolidated financial statements at fair value. Although the directors are happy about the valuation of these items, they are unsure of a number of other matters associated with accounting for these assets and liabilities.
Issue 1 The Board of directors is wondering should the adjustments to fair value be made in the consolidation worksheet or in the accounts of Moon Ltd.
Issue 2 What equity accounts should be used when revaluing the assets, and should different equity accounts such as income (similar to recognition of an excess) be used in relation to recognition of liabilities?(Hint: This issue is related to BCVR adjustment required to ensure all assets and liabilities are recorded at fair value on the consolidated financial statements)
Issue 3 Do these equity accounts remain in existence indefinitely, since they do not seem to be related to the equity accounts recognised by Moon Ltd itself?
Could you please explain this to the Board (most of them are not accountants)? Please respond by memo (not email) as I would like to present this to the Board. I look forward to hearing from you shortly.
Regards,
Jackson Smith
Director, Sun Ltd
510 William Street,
Melbourne, VIC 3000

The most recent financial statements for Reply, Inc., are shown here:

Income Statement			Balance Sheet
Sales	$	26,600	Assets	$	61,000	Debt	$	27,600
Costs		17,900				Equity		33,400

Taxable income	$	8,700	Total	$	61,000	Total	$	61,000

Taxes (40%)		3,480

Net income	$	5,220

Assets and costs are proportional to sales. Debt and equity are not. A dividend of $2,200 was paid, and the company wishes to maintain a constant payout ratio. Next year’s sales are projected to be $31,920.

What is the external financing needed? (Do not round intermediate calculations.)

Discuss the overall purpose people have for investing. Define investment.
As a student, are you saving or borrowing? Why?
Divide a person’s life from ages 20 to 70 into 10-year segments and discuss the likely saving or borrowing patterns during each period.
Discuss why you would expect the saving-borrowing pattern to differ by occupation (for example, for a medical doctor versus a farmer).
Describe the Investment environment in terms of markets, institutions, instruments and participants

What are the five basis principles of finance? Briefly explain them (no more than 250 words). (10 marks) 2. Little Book LTD has total assets of $860,000. There are 75,000 shares of stock outstanding, total book value of $750,000 with a market value of $12 a share. The firm has a profit margin of 6.5% and a total asset turnover of 1.5. a) Calculate the company’s EPS? (6 marks) b) What is the market –to- book ratio? (4 marks) 3. Fifteen years ago, you deposited $12,500 into an investment fund. Five years ago, you added an additional $20,000 to that account. You earned 8%, compounded semi-annually, for the first ten years, and 6.5%, compounded annually, for the last five years. a) What is the effective annual interest rate (EAR) you would get for your investment in the first 10 years? (2 marks) b) How much money do you have in your account today? (4 marks) c) If you wish to have $85,000 now, how much should you have invested 15 years ago? (4 marks

Using the excel file “NKY as of Feb 12 20201” and “Nikkei Summary, 2-12-2020”, calculate the current value of the index. Please put your final answer on the word document and provide your excel calculation (4 points):
2) Using the data from the excel “SHCOMP Stratified Data”, let’s try to replicate the index through stratified sampling (18 pts).
i) First organize the names by GICs Sector. Which sector has the largest weighting and what is that weighting? (2 pts)
ii) What is the most underrepresented sector in the SHCOMP weighting and what is that weighting (2 pts)?
iii) In the consumer discretionary sector, what are the two largest companies by Market Cap, and what are their weightings? (4 pts)
iv) In an excel, recreate the SHCOMP index by first sector and then market cap, taking the two largest names by Market Cap in each sector (ignore any companies that have an N/A for their Market Cap). Allocate to each sector the weighting that each sector had originally in the SHCOMP and then allocate between the two names within the sector based on their proportional weighting to each other. In your excel, include the original titles and the new weights of your new Index. Put a screenshot in your word document please. (10 pts)
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This assignment is an integral part of the learning conducted in this course. It will harness key
capabilities for successfully extracting, managing, understanding & analyzing financial statement
information. It is also designed to enhance the Graduate Capabilities (GCs) of cognitive, analytical and
communication skills as well as teamwork.
Detailed Instructions:
Students will be allocated a company currently trading in on the ASX. The first task will be to collect the
last 10 years data relating to income statement, balance sheet, cash flow statement and ratios and
collate in excel. You can get the data through Data Analysis Premium

On June 15, 2005 a corporation issues an 8% bond with a face value of 1,000,000. The bond can be redeemed, at the option of the corporation, on any coupon date in 2016 or 2017 at par, on any coupon date in 2018 through 2020 for amount 1,200,000, or on any coupon date in 2021 through June 15, 2023 at redemption amount 1,300,000. (a) Find the price to yield a…

The Eurekahedge indices are a set of indices that track specific types of hedge funds. In this exercise we want to evaluate and determine the factors that determine the returns generated by EHFI 68, a index specific to Japanese hedge funds versus the major Japanese Index the Nikkei 225 (20 pts):
Using the excel formula, calculate the Beta of EHFI 68 to the Nikkei 225 based on the CAPM. Interpret that result in one sentence. (5 pts)

Now using the Covariance method, calculate the Beta of EHFI 68 to four decimal places. (5 pts)

Perform a regression between EHFI 68 and the Nikkei 225. What is the adjusted R-squared? What does that imply? Is this what you would expect in the relationship between the two? (5 pts)

Q1. Collect the data from “Yahoo Finance” and answer the following questions (using the instructions given in the next page): a) Collect the market price index (All Ordinaries), Share price for a company (as per instructions given in page 2) and display the data for two sub-periods (Period 1: February 2014 to February 2016; Period 2: October 2016 to October 2018) separately in two separate tables. (2 marks) b) Calculate the return of share prices and market return (from market price index). Display the calculated returns along with the risk free rate of return (given in a separate excel file) in a table for two sub periods. Calculate and tabulate,

Q10

Peterson plc is currently an all-equity firm worth £10 million with 500,000 shares of equity
outstanding. Peterson plans to announce that it will issue £2 million I perpetual debt and use the
proceeds to repurchase equity. The bonds will sell at par with 6 % annual coupon rate.
After the sale of the bonds, Peterson will maintain the new capital structure indefinitely. The
company currently generates annual pre-tax earnings of £1.5 million. This level of earnings is
expected to remain constant in perpetuity. Peterson is subject to a corporate tax rate of 28%.
a. What is the expected return on Peterson’s equity before the announcement of the debt
issue?
b. Construct Peterson’s market value balance sheet before the announcement of the debt
issue. What is the price per share of the firm’s equity?
c. Construct Peterson’s market value balance sheet immediately after the announcement of
the debt issue.
d. What is Peterson’s share price immediately after the repurchase announcement?
e. How many shares will Peterson repurchase as a result of the debt issue? How many shares of
equity will remain after the repurchase?
f. Construct the market value of the balance sheet after the restructuring.
g. What is the required return on Peterson’s equity after the restructuring?

Q11

You are required to undertake a: (i) detailed analysis of the financial health of; and (ii) financial
valuation of the company specified below. You need to critically assess the health of the
organisation (as aligned to its stated goals and objectives) and leverage this analysis to value
the equity of the company. In your assessment of the health of the organisation, you need to
also examine the decisions/strategies of the organisation for a range of its stakeholders in view
of the firm’s long-term sustainability considerations. You will then provide a buy, sell or hold
recommendation based on your analysis.
This assignment brings together many aspects of the course, including financial analysis and
assessment of the company in the context of its internal and external environment, financial
statement analysis, risk analysis, estimating the cost of equity capital and stock valuation
techniques. You are expected to undertake detailed research to support your discussions
and assumptions in the report.

Q12

Required: Prepare a common-size statement of financial position for Barry’s Superstore then determine whether the following statements are true or false. Justify your answers by showing the corresponding percentages in the common size statement.
2. The company has high liquidity.
3. The company’s assets are financed primarily by the owners.
4. The company is heavily dependent on external financing.
5. Overall capital structure is healthy and not risky.

Q13

Assuming that you are a hospital administrator and you realize that a major piece of medical equipment needs to be replaced in four (4) years time determine how much money needs to be set aside from the hospital’s monthly revenues for the next 48 months in order to pay for the anticipated expenditure which currently has a list price of one and a half million dollars (51.500.000)? The prevailing annual interest rate is four percent (4%) The rate of inflation is assumed to be five percent (5 0%) per year for this type of equipment. The anticipated expenditure will be paid all at once that is, it will not be purchased on ‘credit’ in a manner of speaking

Q14

Q15

State	Probability	B	C	D
	Very poor	0.1	30%	-25%	15%
	Poor	0.2	20%	-5%	10%
	Average	0.4	10%	15%	0%
	Good	0.2	0%	35%	25%
	Very good	0.1	-10%	55%	35%

a. Construct an equal-weighted (50/50) portfolio of Investments B and C. What is the expected
rate of return and standard deviation of the portfolio? Explain your results.
b. Construct an equal-weighted (50/50) portfolio of Investments B and D. What is the expected
rate of return and standard deviation of the portfolio? Explain your results.

Q16

You are asked to write a report to provide to CEO on the justification, costs and issues relating to implementation and maintenance of Mobile E-retail services.
1. Determine stakeholders, the commercial set up of the business to supply e retail services and inform range of options available for mobile computing devices. Identify organisational requirements
· Analyse and evaluate appropriate e retail tools and processes.
· Align e retail strategy with business strategies, and business and organisational requirements.
· Identify trends in mobile commerce and inform trends in mobile communication networks.
(Use of PESTEL analysis, Porters 5 force, Wisemans strategy and other tool is necessary in identifying and evaluating strategy to move forward into mobile technology)
2. Implement arrangements for conducting E- retail appropriate to business and organisational requirements by providing the total costs and solutions.
· For the E-retailing solution, implement the mobile commerce system.
3. Identify and conclude the costing and issues relating to mobile electronic infrastructure systems implementation and the solutions.

Q17

You are to evaluate and provide report on following.
1. Research and evaluate appropriate electronic technology for the Comic shop
2. Analyse, develop for an effective e business’ solution, e retail solution, mobile business solution
3. Identify and advise electronic supply chain management solution to meet specific organisational needs.
You can provide the research completed in PROJECT to analyse and answer the question
The following task to be included and addressed.

Q18

June Dela Cerna was recently hired as a financial analyst by MBA523 Industries, a manufacturer of electronic components. His first task was to conduct a financial analysis of the firm covering the past two years. To begin, he gathered the following financial statements and other data.

			2010		2009
BALANCE SHEETS
ASSETS
	Cash	P	52,000	P	57,600
	Accounts Receivable		402,000		351,200
	Inventories		836,000		715,200
	Total Current Assets		1,290,000		1,124,000
	Gross Fixed Assets		527,000		491,000
	Less: Accumulated Depreciation		( 166,200)		( 146,200)
	Net Fixed Assets		360,800		344,800
	Total Assets		1,650,800		1,468,800
LIABILITIES AND EQUITY
	Accounts Payable		175,200		145,600
	Notes Payable		225,000		200,000
	Accruals		140,000		136,000
	Total Current Liabilities		540,200		481,600
	Long-Term Debt		424,612		323,432
	Common Stock		460,000		460,000
	Retained Earnings		225,988		203,768
	Total Equity		685,988		663,768
	Total Liabilities and Equity		1,650,800		1,468,800

Q19

1) What should a firm’s target capital structure do?

a) Maximize earnings per share
b) Minimize the cost of debt
c) Minimize the cost of equity
d) Shift value from creditors to stockholders
e) Minimize the weighted average cost of capital
f) Other, specify

2) Better Home and Garden (BHG) expects an EBIT of $160,000 every year forever. The company currently has no debt, and its unlevered cost of capital is 12%. Its average tax rate is 34%. Capital markets are perfect. The company wants to borrow $352,000 to repurchase shares. The debt will have an interest rate of 8% and will be kept constant forever. What is the approximate value of the firm with debt?

a) 900,000
b) 1,000,000
c) 1,100,000
d) 1,200,000
e) 1,300,000
f) Other, Specify.

3) When a company takes on more and more debt, _____.

a) the value of the firm will decrease consistently
b) the cost of financial distress will eventually be offset by the benefits of debt
c) the value of the firm will increase consistently
d) the benefits of debt will eventually be offset by the cost of financial distress
e) the cost of equity increases while the cost of debt decreases
f) Other, specify

4) A new firm (with no other assets or liabilities) makes an initial investment of $500 and expects to generate a before-tax gross return of $570 after one year. The firm is partially financed with $200 of debt at an expected return of 5%. The appropriate unlevered after-tax cost of capital is 13% and the marginal income tax rate is 21%. What is the approximate adjusted present value of the firm?

a) $350
b) $400
c) $450
d) $500
e) $550
f) Other, specify.

Algebraic Problem (3 points – show your work on the back of this sheet)

5) The large, consistently profitable firm you work for is considering a small project. Your firm is financed by 60% equity and 40% debt. Its cost of equity is 10%. Its cost of debt is 5%. The risk free rate is 5%. Corporate taxes are 40%. The expected rate of return on the market is 11%. Assume CAPM is correct and the project is just as risky as your firm. Recall equation 18-5:

BETA(unlevered firm) = (Equity / ((Equity) + (1 – tax rate)*(DEBT))) * BETA(levered firm)

The project will cost $1000 at time 0, and is expected to produce $1250 at time 1, and no other cashflows. The firm is considering $600 debt at 6% and $400 equity to finance it.

a) What is the cost of equity for the project?,

What is the WACC of the project?, What is the NPV using WACC?

b) What is the APV of the project, including the tax shield (show both calculations)?
c) Explain for what kinds of projects would it make most sense to use WACC vs. APV.
d) Why might it matter that the firm is large and consistently profitable?

Q20

Your company is considering spending $3 billion to purchase equipment to build a
spaceship to Mars. The equipment is depreciated straight-line over 8 years, and it costs
$100 million to install. Assume equipment is fully installed within the next year.
Your initial price point for an individual to fly to round-trip to Mars is $150,000 and
your projected sales volume is 85,000 seats. Fixed costs are $328,000,000 and each trip
costs $120,000 in variable costs. Subsequent years’ projections are shown on the next
page.
Your marginal tax rate is 26%. Assume that this is one of many projects for the
company. No special tax treatments are required for years of negative earnings.
An initial working capital investment of $270,000,000 is required.
You will need to upgrade your technology in 5 years when the competition has “leapfrogged” your ship. You will invest an additional $680 million in equipment and an
additional net working capital of $135,000,000. The additional investment will be
depreciated over the remaining three years of the project.
You can sell all of your equipment for $2,500,000 (salvage value) at the end of year 8.
Also, all working capital investments are recouped at the end of year 8 as well.
You have one bond outstanding, one class of common shares, and one class of
preferred stock as shown below. Assume the current capital structure will remain
unchanged with this project.

Q21

The assignment is to estimate the weighted average cost of capital (WACC) for an actual corporation as of the current time. Actual managers would need to know their company’s WACC as a starting point to estimate the discount rate to use in the net present value analysis of new projects (or of termination decisions). You may need to know the technique for application in some case study solutions. The project also develops student skills in using elementary financial management models, in dealing with situations where there are too much or too little data, in employing publicly available data sources with little guidance, and in applying sound judgment when encountering naturally occurring measurement errors.

Q22

Your report must be loaded into Canvas by the due time. It will automatically be assessed by Turnitin, and an originality score will be provided. Requirements Required: Compare the annual reports of two companies over the past three years and present your findings in a business report. Your business report should evaluate the relative financial performance of the two companies based on the financial analysis results and propose strategies for future improvements. The two companies are both in the biotechnology industry, Cochlear Ltd and CSL Ltd. The financial analysis must be conducted using skills and techniques learned in this course. You are required to: • Calculate and analyse the five key categories of financial ratios (due to the word limit, you are NOT required to conduct the horizontal or vertical analysis) • Conduct the DuPont analysis • Evaluate appropriate segments’ profitability for the two companies for 2019. For Cochlear Ltd, the segments are geographical, whilst for CSL Ltd, the two segments are business segments. • Use appropriate graphs to illustrate the relative performance of the two companies, including the trend of the ratios. When interpreting the financial ratios, you are required to compare the ratios with various benchmarks such as prior years, the comparative company and the industry averages. Please present your detailed calculations in an appendix. If you carry out your calculations using an Excel workbook (highly recommended) please copy and paste key excerpts in your appendix. You may also upload your Excel workbook on Canvas, making sure that it is properly formatted and annotated However, it is your Word document that will be assessed, and thus graphs and tables from Excel must be inserted appropriately into your Word document.

Q23

Based on Question 2
Analyse the financial statements that have been prepared by Trend Ltd’s financial director. In particular, comment on the following aspects of the company:

– Areas of concern in financial performance, focussing mainly on information from the income statement. (17 marks)
– Areas of concern in financial health, focussing on ratios dependent on the income statement and the balance sheet. (17 marks)
– Areas of concern in cash flow management, focussing mainly on information available from the cash flow statement. (16 marks)

Guidance notes:

You should use your knowledge gained from Readings 23–25, together with the tools and techniques discussed in Reading 26 “Analysing Financial Performance”, to construct your answer. You should select those tools and methods that you feel are appropriate to this question to carry out any relevant calculations. Show the workings out for your calculations. State what each calculation might mean if you identify it as an area of concern, i.e. explain why your figures may be of concern to Trend Ltd.

Make sure that you note the most obvious matters of concern

Q24

Conduct a financial analysis of Adidas using the ratios calculated in Task 1 and the additional financial information provided in the assessment resources area for Adidas, and Nike (one of Adidas’s main competitors).
Describe what you observe about Adidas’s performance as well as the performance of its competitors. Explain possible causes for differences in performance and discuss implications for Adidas.
In your analysis, you should also discuss whether, according to their financial performance, Adidas should be concerned about Nike.
Your analysis should not be longer than 2,000 words, excluding bibliography.
If you use information that is not included in the financial statements but elsewhere in the company’s annual report (e.g., notes) or in external sources, please cite the exact location and source of this information.
*Note: it is suggested that you use current trade receivables and current trade payables to calculate trade receivables days and trade payables days ratios in annual reports rather than trade and ‘other’ receivables, and trade and ‘other’ payables to be able to compare like with like.
This assessment is not just testing your ability to calculate the different ratios; it is also assessing your understanding of how to source relevant financial information and make considered decisions about whether and how to deploy it. This is reflected in the following allocation of marks for this question:
· 33 marks for the calculations
· 57 marks for the analysis of the financial performance of Adidas, and Nike
· 10 marks to discuss whether Adidas should be concerned about Nike.
Remember to show all your calculations in detail. Tables should be included within the body of the analysis. We recommend you also submit a spreadsheet showing your calculations, as this will help your tutor to give feedback on your calculations.

Q25

Instructions: Read the following instructions carefully. 1. Exam should be submitted in word typed document. 2. Avoid copy paste from references. 3. Plagiarism more than 18% will effects marks. 4. Answer to each question should be answered in the same page (1 Page). 5. Check spelling mistakes, before submitting the exam. 6. Submission is only acceptable through blackboard. 7. Exam window will remain open from 12:00pm to 12:00 am. 8. Each answer should not be less than 150 words and more than 200 words. 9. Use “time new roman” and font size 12.
Ql: What are the key assumptions of financial information that underlie financial statements prepared under US GAAP or IFRS? Explain with two examples. Q2: How under provision might arise? Explain with two examples. Q3: How funded defined benefit plan works? Explain in detail with the help of one example?

Q26

Question 1 (5 marks, 500 words maximum)
Does HBC have sufficient budgetary controls in place to inform management how the project is running versus budget, both in time and money? Explain your answer.
Question 2 (15 marks, 1500 words maximum)
From the short-term and long-term financial and non-financial perspectives of HBC, was the LA Prep project a success?
a. If so, how did you make that determination? Please explain.
b. If not, where and why did the project fail? Please explain.
(Please note that questions a. and b. above are not mutually exclusive. So, please answer both)
c. Who in the HBC should get the accolade or is/are held responsible/accountable for the project’s success and/or its failure? Explain your answer.
Questions 3 (5 marks, 500 words maximum)
What lessons are learned by HBC from the LA Prep project?
Important presentation requirement:
Please note that this is a case study assignment. Therefore, you are required to answer the case questions directly that is, write the case questions first and then provide your answers below each of the case questions. Answers provided by not using the above-mentioned presentations and submission requirement (e.g. answers received in essay format with no direct answers to questions) will be penalised for not complying with submission and presentation requirement.
Please note that a 30% penalty on the total available marks will apply for not complying with one or more of the submissions and presentation requirements which also include the answers’ word limit requirements. Please see the unit outline for other submission and presentation requirements.

Q27

Purpose of the project:
In this project, you are supposed to be a financial manager to apply the knowledge obtained to estimate the cost of debt, cost of preferred stock, cost of common equity, capital structure, and the weighted average cost of capital (WACC) for a publicly-traded corporation of your choice. You will use the estimated WACC as the discount rate to perform capital budgeting analysis for a hypothetical project (the information is given below) that is under consideration by the selected company, and decide whether the project should be accepted.
Outline for the project:
(1) Executive Summary (10 points)
– Summarize the major findings, results, and the analysis of the report.
(2) Financial Ratio Analysis (40 points)
You are expected to apply the knowledge obtained in Financial Management and Financial Statement Analysis to the key financial ratios of the selected company.
– Perform trend analysis of the key financial ratios (i.e., liquidity ratios, asset management ratios, debt management ratios, profitability ratios, market value ratios) of the company during the most recent 5-year period.
– Perform industry (or benchmark companies) comparison analysis of the key financial ratios of the company in the most recent year.
– Based on the financial ratio analysis results, discuss/evaluate the financial performance of the company.
(3) Estimate Capital Structure (25 points)
– Estimate the firm’s weights of debt, preferred stock, and common stock using the firm’s balance sheet (book value) in the most recent year.
– Estimate the firm’s weights of debt, preferred stock, and common stock using the market value of each capital component in the most

Q28

What are the differences between the mean, median and mode, and what are the advantages and disadvantages of each? 2. The set of data below is from a sample of n = 7. 12, 7, 4, 9, 0, 7, 3 a. Calculate the mean, median, and mode. b. Calculate the range, interquartile range, variance, standard deviation, and coefficient of variation. 3. The set of data below are for a population of N = 10. 7, 5, 6, 6, 6, 4, 8, 6, 9, 3 a. Calculate the population mean b. Calculate the population variance and standard deviation 4. Approximate the mean and standard deviation of the sample data that have the following frequency distribution (hint: use the shortcut formula):

Q29

Case Study: Dick Smith Group
This assignment gives you the opportunity to apply the material covered in ‘Applied Corporate Finance’ (FIN342) to an Australian company that has had a mixed history of success and failure in the Australian marketplace.
The Dick Smith Group of companies (‘DSG’) has had a high profile in the financial press since late 2015. Hence, it represents a good case study to use to analyse a number of corporate financial management issues relevant to this subject.
Dick Smith Holdings Limited (ASX Code: DSH) is the holding company of the Dick Smith Group (DSG) that consists of 11 wholly owned subsidiaries. DSH is the ASX code for the Dick Smith Group of Companies (DSG). In this assignment, Dick Smith, DSG and DSH are used interchangeably to mean the same entity. DSG operated consumer electronics retail stores and an online consumer electronics retail business throughout Australia and New Zealand, operating from more than 390 locations with at least 3,000 employees. The majority of the network was branded as ‘Dick Smith’ stores but also incorporated ‘Move’ bannered stores, ‘Electronics Powered by Dick Smith’ outlets in David Jones stores, and commercial and online businesses.
The company was founded in 1968 by Mr Dick Smith and owned by him and his wife until 1982.
Woolworths Limited purchased Dick Smith Electronics in 1982 and then sold the company to Anchorage Capital Partners in 2012, which floated DSG on the Australian Securities Exchange (ASX) in 2013. The IPO was successful and the share price remained stable at near the offer price of AUD2.20 per share.
In 2015, concerns emerged about trading performance, inventory management and buyer rebates and their collective impact on cash flow. The share price weakened dramatically.
By December 2015, the share price had fallen 80%. On 4 January 2016, DSH (and associated entities) was placed into voluntary administration by the board. Subsequently, a syndicate of lenders appointed Ferrier Hodgson as receivers and managers. The online operations and Dick Smith brand were sold to Kogan (May 2016) and the remainder of the business was liquidated.

Q30

Submit a soft copythrough the safeassign icon created in the Blackboard

THE FINANCIAL RATIO ANALYSIS ASSIGNMENT

Ratios analysis is as much an art as it is a science, therefore students must use common sense and sound judgment throughout the analysis. The purpose of this case study is to provide students with the opportunity to retrieve real time financial data via the Web, and analyze the financial performance of selected companies. Students will download the financial data from Qatar stock exchange website and perform ratio analysis for two companies from the same sector selected from the table below.

	Company	sector
4	Nakilat	transportation
5	Qatar Navigation	transportation

Students are instructed to follow the path shown below to retrieve the financial profile for the selected company via DSM.

Go to Qatar stock exchange website:www.qe.com.qa
From the menu, click on listed securities then Financial Statements
Choose the year 2018& 2019and hit submit, and then download the annualfinancial reportof the two firms in the same sector.

perform the Ratio Analysis PLUS Graph based upon the following financial ratios:

Liquidity Ratios: to measure the company’s ability to pay its bills;

Current Ratio

Quick Ratio

Activity Ratios: to measure the company’s ability to utilize its assets;

Inventory Turnover ratio

Average age of inventory

Accounts receivables Turnover

Average collection period

Total Asset turnover

Leverage Ratios: to measure the extent to which the company’s assets are financed with debt;

Debt ratio

Times interest earned ratio

Profitability Ratios: to measure the company’s ability to generate earnings;

GROS profit margin

Operating profit margin

Net profit margin

Return on total assets

Return on common equity

Market Value Ratios: to measure the market perception about the company’s future prospects.

P/BV

P/E

EPS

Book Value/Per Share

After calculating the financial ratios on excel sheet, each group will compare the two companies then write a report on word file highlighting the strength and weakness points for each company.

The recommended layout of your project is suggested to be as follows:

Cover page

Table of contents

Introduction Firm overview

Description of the company

Ratios analysis

Valuation & recommendation

Conclusion (summary of your results)

General Guidelines

1- Reserve the first page (cover page) to group member names, student ID, course name, anduniversity. All group member names should be on the cover page to earn marks.

2- You should write in times new roman font, size 12, with 1.5 spaces.

4- Failure to submit the group members list by the deadline is subject to mark deductions.

5- Failure to submit the soft copy online or the hard copy in class by the due date is subject to mark deductions.

6- Maximum similarity index allowed is 15%.

GOOD LUCK!

Q31

Main Objective of the assessment The main objective of this assignment is to examine the ability of the students to critically evaluate the financial performance and position of a company and their ability to value the company using a valuation method. This objective will be achieved through the preparation of financial and valuation report of a large listed company in the London Stock Exchange. In the preparation of the report student must demonstrate a critical understanding of the theories and concepts pertaining to the creation of shareholder value and the evaluation of the performance of a company. In this assignment students should use appropriate concepts and rational arguments to interpret strategic and financial data in order to produce suitably critical, well-considered report. Description of the Assessment This assignment is based on companies listed on the London Stock Exchange (LSE). You are required to prepare a report comparing the financial performance and position of two companies over the last five years and also required to prepare a valuation report using one valuation method. Please select two companies from the list of FTSE 350 companies from the following sectors: (a) Construction (b) Information and Communication (c) Mining and Quarrying

Q32

1000-1500 words + references

Part I

Both of your presentations were outstanding and displayed your level of financial knowledge and expertise in the area of financial statement analysis. You have been asked to be a guest lecturer in a course at your alma mater college, CTU. As a result, you will have an opportunity to explain to students how they should tackle financial statement analysis. Prepare a presentation that will include the steps you went through to thoroughly analyze the financial statements so that you could make the recommendation—keeping in mind that you want to simplify the process as much as possible. You do not need to include how to do the financial calculations, but rather how you determined the recommendation based on the information you were given. Provide a list of potential “consultants” and resources they could reference to help them get through the assignments you have just completed.

Part II

Leaders and financial teams in organizations have an obligation to provide financial reports to meet the requirements and guidelines provided by a number of regulating bodies. In addition, they must uphold a high level of professional ethical standards when preparing reports that reflect the health of the organization to its stakeholders.

Include in your PowerPoint Presentation:

At least 2 ethical issues that managers and financial teams face when preparing financial reports.
What regulations should be considered when making a decision about each issue?
Provide an ethical solution for each issue that you introduced.

Q33

Part I

Part II

Include in your PowerPoint Presentation:

At least 2 ethical issues that managers and financial teams face when preparing financial reports.
What regulations should be considered when making a decision about each issue?
Provide an ethical solution for each issue that you introduced.

Submit 15-17 PowerPoint slides with 1,000–1,500 words of speaker’s notes.

Q34

700 words and reference page

Congratulations! Tony has promoted you! Now, he is going to take your analysis and information into account. He wants your input and information. Discuss the following:

Given all of the financial analysis that you have completed, in what direction would you recommend Tony Fortune take the company?
Be sure to justify your answers using both qualitative and quantitative analysis (with the help of financial figures from your financial statements).

**Tony Fortune, a tenured and well-respected turnaround guru, pondered his latest employment offer as he was driving home from an eventful meeting with a number of key electronic equipment executives. He had been asked to assume the presidency at a poorly performing company, Electronic Equipment Venture (EEV), which is owned by Electronic Equipment USA. Certainly he could refuse, but Tony flourished on reinventing and remolding underperforming companies. During the last 10 years, he was instrumental in overseeing three successful business turnarounds, four consolidations of business units, and five successful divestitures. This latest endeavor, based on his understanding, would be a challenge because the board of directors was seeking concrete data that would allow a quick resolution to the company’s problems.

Electronic Equipment Venture is a producer of electronic equipment dating back to the 1970s. During the company’s first 30 years, it was a pioneer in the development, design, and manufacturing of electronic equipment. The competitive environment changed tremendously in the late 1990s, however, and EEV’s market share eroded from 75% to 25% as other firms recognized this untapped market. Reacting to the loss in market share and unacceptable deterioration in profitability, management attempted to revitalize the company by increasing the level of research and development as well as acquiring two smaller but more sophisticated firms.

With the added research and development, along with the additional resources, profitability continued to worsen. Faced with slow stock growth at Electronic Equipment USA, primarily because of EEV, the board of directors has been pressed to make a decision regarding EEV. Recognizing that factual data is crucial to the decision process, the board proceeded with authorizing management to employ the appropriate resources needed to conduct the evaluation and valuation of EEV.

Accepting this challenge and knowing he has only 5 weeks to complete the analysis, Tony spent several days developing a strategy for generating a proper and thorough valuation and evaluation of the firm’s financial position.

Q34

Write 400–600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.

The public, the Security and Exchange Commission (SEC), and other observers have recently voiced great concern about ethical financial reporting in U.S. corporations. Consequently, many companies, as well as the U.S. Congress, have instituted measures to limit the proliferation of unethical financial reporting.

Because you were the finance team leader, a key element in your evaluation was validating and ensuring that all the material reviewed was ethically sound. Prepare an ethical assurance position paper for the board of directors in which you demonstrate an awareness of what constitutes unethical financial reporting and the impact of such activity.

SCENARIO (just for background info)Tony Fortune, a tenured and well-respected turnaround guru, pondered his latest employment offer as he was driving home from an eventful meeting with a number of key electronic equipment executives. He had been asked to assume the presidency at a poorly performing company, Electronic Equipment Venture (EEV), which is owned by Electronic Equipment USA. Certainly he could refuse, but Tony flourished on reinventing and remolding underperforming companies. During the last 10 years, he was instrumental in overseeing three successful business turnarounds, four consolidations of business units, and five successful divestitures. This latest endeavor, based on his understanding, would be a challenge because the board of directors was seeking concrete data that would allow a quick resolution to the company’s problems.

Q35

1200-1500 words plus excel spreadsheet

The financial team has been properly selected and charged to proceed with their analysis of EEV’s financial statements. In the course of their evaluation, they will be assessing the firm’s operating performance, benchmarking their competitors, and looking at the industry using financial ratios as their source of measurement. However, the chief executive officer (CEO) of Electronic Equipment USA agrees with numerous practitioners who promote the use of nonfinancial measures as well as financial measurements to evaluate the performance of a given firm. Nevertheless, Tony agrees that nonfinancial measurements can be valuable, and he tends to support the premise that when evaluating operating performance, benchmarking competitors, and comparing industry results, nonfinancial measurements have little measurable value.

The CEO of the parent company agrees with numerous practitioners who promote the use of nonfinancial measures as well as financial measurements to evaluate the performance of a given firm. Nevertheless, Tony agrees that nonfinancial measurements can be valuable, and he tends to support the premise that when evaluating operating performance, benchmarking competitors, and comparing industry results, nonfinancial measurements have little measurable value.

Tony has asked you to present a position paper comparing the effectiveness and reliability of using financial measures as opposed to nonfinancial measures. Include the following:

Provide an analysis of the utilization of assets in terms of efficiency (or inefficiency).
What are measurements associated with returns and activity ratios?
- Explain why you selected each specific measurement.
Then, review the electronic equipment industry using financial ratios.
- Assess the firm’s operating performance against these ratios.
Research the financial reports of 1 company in the electronic equipment industry, and compare it with the performance of Electronic Equipment Venture.
Include an Excel spreadsheet to support your analysis.
Use this information to support your position, and compare the effectiveness and reliability of using financial measures as opposed to nonfinancial measures.

Q36

10-15 slides, as well as intro slide and reference slide. 300-400 speaker notes per slide

In its 30-year history, Electronic Equipment Venture (EEV) has seen a number of ups and downs, but the performance has been declining steadily in the past decade. Tony has taken the analyses of the income and balance sheet you provided and spent several days digesting the massive amount of information. This includes the analysis of the company’s financial position, operating results, resource flows, and industry comparison.

Now Tony would like you to condense the information and create a presentation. Tony has asked you to create a strengths, weaknesses, opportunities, and threats (SWOT) analysis and a risk analysis for the company. Using all of the financial statements and the SWOT analysis, provide a recommendation for the direction of the company in both the short term and long term. Be sure to be specific on which financial ratios and figures within the financial statements you are utilizing.

Click here to view the Electronic Equipment Venture balance sheet.

Click here to view the Electronic Equipment Venture income statement.

Assignment Details

In the presentation, include the following:

The ratios used to do the analysis of EEV’s financial performance
Based on your analysis, what you did to improve the performance of EEV
Provide 3-4 recommendations Tony should make to the board for improving performance

The total presentation should include the following:

An introduction
Statement of situation status
Summary of findings
3-4 recommendations

Q38

UNIVERSITY NET ZERO SOLAR POWER INSTALLATION PROJECT

In August 2019, La Trobe University announced an ambitious strategy to be the first major

university in Victoria to become carbon neutral through a number of investments and initiatives

representing part of an overall Net Zero Project. A major component of this wider strategic

initiative is the proposed installation of a network of 7,000 solar panels on the rooftops of 27

buildings at the Melbourne (Bundoora) campus to provide a renewable source of electricity

generation for meeting part of the operating requirements of the campus. Solar panels operate

by absorbing sunlight through photovoltaic cells and generating direct current (DC) energy and

then converting this into usable alternating current (AC) energy using inverter technology. This

planned solar panel system installation will be supported by the connection of inverter and

transmission network infrastructure to convert the DC electricity generated by the solar panels

to AC electricity for distribution across the campus as required for operational purposes, as

well as a solar battery storage system to allow for the consumption of solar-generated electrical

power during periods of no solar energy generation (such as at night). The proposed solar power

generation system will not generate sufficient electricity to fully offset the university campus’

electricity usage requirements, however, savings will be achieved in terms of a proportion of

the university’s energy requirements not having to be purchased under commercial provision

terms from retail providers predominantly via the national electricity grid. The construction

and operation timetable for the solar panel generation system at the Melbourne campus of the

university is outlined in Table 1 below:

Table 1: Project Construction and Operation Summary

Date Project Activity

August 1st2019 Installation of the solar panel arrays and transmission network

infrastructure commences

September 1st2019 Initial generation and usage of solar panel electricity commences

(30% of full system electricity generation capacity is anticipated to be

realised in the 2019 calendar year)

December 31st2020 Full installation of the solar panel arrays and transmission and storage

network infrastructure is completed (70% of the full system electricity

generation capacity is anticipated to be realised in the 2020 calendar

year)

From January 1st

2021 onward

Full capacity operation of the solar panel arrays and transmission and

storage network infrastructure

December 31st2060 The indicated 40-year useful full-operating life of the solar panel and

transmission and storage network infrastructure is reached. The

proposed project ends and ongoing feasibility will be assessed relative

to technology advancements and financing capability.

The following specifications, parameter estimates and forecasts for the solar power electricity

generation project have been developed as part of project planning:

? The solar panel array network will involve the installation of 7,000 individual solar panels

each with maximum electricity generating capacity of 400 watts (0.40 of a kilowatt hour

(kWh)) per hour

? The solar panels will cost $500 per panel to purchase (in real terms)

? Weather analysis and modelling of historical sunrise and sunset data suggests that there

will be an average of 11 hours of sunshine during the Summer season, 8 hours of sunshine

during the Winter Season, and 9 hours of sunshine during both the Autumn and Spring

seasons.

? The Summer, Autumn and Spring seasons will have 91 days, on average, and the Winter

season will have an average of 92 days.

? There is expected to be an average daily 10% loss of solar power generating capacity due

to cloudy conditions, rain and bad weather.

? Even with the planned ongoing solar panel and inverter and transmission network

maintenance schedule, the solar panels are expected to decline in generating efficiency by

0.5% per year after the first year of solar energy generation in 2019.

? Annual operating and maintenance expenditure supporting the operation of the project is

estimated to be $650,000 (in real terms) during years of full project operation, with prorata

adjustment in 2019 and 2020 based on projected capacity usage. This expenditure is

primarily associated with salary costs for staff from the Sustainability Division of the

Infrastructure and Operations (I&O) Unit of the university who will be responsible for

managing the project, proportional salary costs for staff from the Department of Accounting

and Data Analytics in the La Trobe Business School responsible for monitoring and

analysing the electricity generation and usage information associated with the project, and

staff and supply costs associated with the maintenance program established for the project.

? The university can claim straight-line depreciation deductions against the usage of the solar

panel, inverter and transmission and storage infrastructure across the 40-year estimated

full-operation useful life period (from 2021-2060) based on the installed cost of the project.

? The university is required to pay taxation expense (in terms of an efficiency dividend) to

the Federal Government of 20% on profits from its individual projects and overall

operations.

? If the solar energy generation project is discontinued at the end of the 40-year useful life in

2060, there will be a $500,000 cost incurred in 2061 for dismantling the solar panel arrays

and inverter and transmission network infrastructure, which are assumed to have no re-sale

value at this time.

? Based on La Trobe University’s AA credit rating, they have a 4.50% per annum (in real

terms) required return on investment projects and funding allocations.

? The inflation rate is estimated to average 2.00% per annum in the future, within the Reserve

Bank of Australia’s targeted range of 1.50-2.50%.

? Preliminary electricity usage analysis by Data Analytics academic staff indicated that the

Melbourne campus uses an average of 100,000 kWh of electricity per day.

? The university has a long-term wholesale electricity supply agreement with AGL Energy

Limited providing it access to electricity from the national grid at a fixed rate of $0.25 per

kWh (in real terms), with no daily supply charges payable.

? AGL Energy Limited has also offered the university a $0.18 per kWh (in real terms) feedin

tariff for any excess electricity generated by the university’s solar energy network system

that is returned to the national electricity grid for alternative usage.

? All monetary figures are expressed in December 31, 2018 real dollars.

? All information is as at December 31, 2018 and assume that the project evaluation is being

undertaken as at this date, which is when initial consideration of the project commenced.

? For terminology purposes, 1,000 watts represent 1 Kilowatt (kWh) hour

Estimated equipment and installation cost components for the solar panel energy generation

project at the Melbourne campus are as follows:

Table 2: Forecast Project Capital Investment Costs

Cost Component Amount (in real terms)

Solar Panels $3,500,000

Panel Mounting, Inverter and Transmission

Network Equipment

$6,000,000

Tesla PowerPack Lithium Ion Battery Bank $1,500,000

Contracted Installation Cost $1,250,000

Note that 30% of the project capital expenditure and installation costs are expected to be

incurred by the end of 2019 with the remaining 70% incurred at the completion of the

construction phase at the end of 2020.

The Academic Council of La Trobe University has requested the Finance and Procurement

Division, under the direction of Mr. Mark Smith (the Chief Financial and Operations Officer

of La Trobe University), to prepare a feasibility assessment of the proposed solar energy

generation project.

Required:

This case study requires the completion of the following tasks as part of an integrated

report to be submitted to the Academic Council of La Trobe University:

? The development of a spreadsheet model representing the cash flows associated with

the solar energy generation project, and the assessment of the project using a range

of capital budgeting evaluating techniques.

? The completion and provision of a quantitative risk assessment of the project based

on conducting appropriate sensitivity and/or scenario analyses of the project

valuation focusing on key parameters impacting on the project’s operation, feasibility

and cash flows.

? Based on the project modelling and associated risk assessment processes conducted,

provision of a justified recommendation as to the feasibility of the project.

? The preparation of a concise business case proposal summarising the potential

contribution of the project to the financial and strategic objectives of La Trobe

University.

The due date for submission of this Case Study task is no later than Monday 23rdMarch,

2020 at 5.00pm. This Case Study will represent 25% of the final assessment for this

subject and is to be submitted using the upload facility provided on the subject LMS site.

This Case Study is an individual assessment task, and should be a maximum of 1,000-

1,500 words, excluding any calculations, tables, spreadsheets or other exhibits. The Case

Study report should be prepared in a professional manner and include relevant, accurate

and logical information to justify any decision-making and conclusions drawn or

recommendations provided. The Case Study report submission should be accompanied

by the provision of a spreadsheet model developed for the solar power generation project.

Q39

All Frute Company bottles and distributes Frute Ade, a fruit drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers, who charge customers 70 cents per bottle. For the year 2014, management estimates the following revenues and costs. Sales $2,500,000 Selling expenses—variable $ 80,000 Direct materials 360,000 Selling expenses—? xed 250,000 Direct labor 450,000 Administrative expenses— Manufacturing overhead— variable 40,000 variable 270,000 Administrative expenses— Manufacturing overhead— ? xed 150,000 ? xed 380,000 Instructions (a) Prepare a CVP income statement for 2014 based on management’s estimates. (Show column for total amounts only.) (b) Compute the break-even point in (1) units and (2) dollars. (c) Compute the contribution margin ratio and the margin of safety ratio. (d) Determine the sales dollars required to earn net income of $624,000.

Q40

Estimate the Economic Value Added (EVA) for your company over the last 3 years, and do the same for at least one of the competitors. Note: While this is not entirely accurate, feel free to assume that the WACC did not change in the last 3 years to simplify the calculations (that is, use the current WACC for these calculations). You still need the historical balance sheet and income statements to compute EVA. B. Discuss the implications of your results in the last question. C . Describe your company’s capital structure over the last 3 years. 2) Describe your competitor(s)’ capital structure over the last 3 years. 3) Compare the capital structures of your company’s and your competitor(s)’. Note: You should analyze mostly leverage ratios in this question (you may already have done some of this analysis for ACR 1). Remember to use the market value of equity to calculate leverage ratios. I would focus mostly on the leverage ratio defined as total debt / (total debt + market value of equity). For this question, you will need historical data on the market value of equity for your companies. The video describing the assignment gives some guidelines on how to do this. D. Is the amount of debt that your company has compatible with the trade-off theory of capital structure? 2) Explain why or why not. In your explanation, a) consider the median leverage ratio of 30% that we discussed in the lecture, and also the specific characteristics of your company and competitors; and b) think about risk, profitability, collateral, the benefits of reducing taxes using interest tax shields, and growth opportunities.

Q41

UCBS7037 Financial Management Assessment
You have been asked by your 60-year-old uncle Isaac to help him assess a new venture. It is
Friday night, and he needs the work finished by Sunday, in preparation for an early Monday
morning meeting, so you know that he will not be able to give you any more information than
he already has (and you will be unable to contact him over the weekend), and therefore you may
need to rely on your own assumptions and estimates for some of the analysis where appropriate.
Isaac lives near Toronto in Canada and recently took early retirement (from a soft drinks
company he joined 25 years ago), leaving the company with a lump sum (after tax) payment of
CAD 800,000. Surprisingly, rather than being depressed by his new state of independence, he is
tired of the bureaucratic life and excitedly contemplating a new career as a retailer of a range of
German fine handmade chocolate. He is confident that he can set up a business to import the
chocolate from Lindau and sell it in Canada. His wife, who he met at business school, is pleased
with his passion for this possible new venture but concerned that it might turn into a financial
disaster. She has suggested that he develop a financial plan to evaluate the venture and its
viability.

Q42

FIN310P Chapter 2 Financial Ratio Assignment
Chapter 2 provides the fundamentals of financial statement analysis. This chapter is an
important building block for our course and your group Financial Analysis project.
Chapter 2 references a company called Global Corporation and provides their financial
statements throughout the chapter. The attached Excel document has all three financial
statements and the financial ratio equations necessary to evaluate Global’s financial situation.
The Attached Excel Document:
Tab 1: Student Investment Comments
Tab 2: Financial Ratio Equations
Tab 3: Balance Sheet
Tab 4: Income Statement
Tab 5: Statement of Cash Flows
Student Requirements:
1. Complete all 36 financial ratios for 2015 & 2016 on tab 2. Each calculation must be linked
back to the financial statements in the Excel document.
2. Explain what caused each ratio to change from 2015 to 2016 on tab 2.
3. Determine if each ratio change from 2015 to 2016 was a “good” or “bad” change for the
shareholders. i.e. did management maximize shareholder wealth?
4. Use your financial knowledge to answer the following question on tab 1. Would you invest in
this company? If so, why?

Q43

ead Case 4.1 Question (b) on page 198 of the textbook. Attached is Intel’s 2013 Form 10-K and annual report (also located under the Financial Documents).Case4.1Intel Case

The 2013 Intel Form 10-K can be found at the following Web site: www.pearsonhighered.com/fraser.

Prepare a summary analysis of the Statements of Cash Flows for all three years.
Analyze the Consolidated Statements of Cash Flows for Intel for 2013, 2012, and 2011

NASDAQ-INTC-2013.pdf

Q44

You have been asked by your 60-year-old uncle Isaac to help him assess a new venture. It is Friday night, and he needs the work finished by Sunday, in preparation for an early Monday morning meeting, so you know that he will not be able to give you any more information than he already has (and you will be unable to contact him over the weekend), and therefore you may need to rely on your own assumptions and estimates for some of the analysis where appropriate.
Isaac lives near Toronto in Canada and recently took early retirement (from a soft drinks company he joined 25 years ago), leaving the company with a lump sum (after tax) payment of CAD 800,000. Surprisingly, rather than being depressed by his new state of independence, he is tired of the bureaucratic life and excitedly contemplating a new career as a retailer of a range of German fine handmade chocolate. He is confident that he can set up a business to import the chocolate from Lindau and sell it in Canada. His wife, who he met at business school, is pleased with his passion for this possible new venture but concerned that it might turn into a financial disaster. She has suggested that he develop a financial plan to evaluate the venture and its viability.
After a couple of hours with Isaac you have assembled the following information from him: – AlpenChoc, an established artisan manufacturer of fine chocolates with innovative flavours (owned by one of Isaac’s university colleagues), is prepared to give him exclusive rights to sell their products in Canada for a seven-year period in exchange for an upfront payment for those rights; – The chocolate sells in Germany for an average of 120 Euro (€) per kg, and AlpenChoc is prepared to sell them to Isaac at a 40% discount to this price; – AlpenChoc would ship each order to Isaac as soon as they receive payment; – Isaac has found out that shipping from AlpenChoc to Toronto by air freight, would cost on average € 14 per kg and that the time from him placing an order to receiving the goods in Toronto would be two weeks (including the preparation and packing time in Lindau); – Isaac plans to order from AlpenChoc monthly and intends to maintain a minimum stock of one month’s worth of sales to ensure that he will be able to supply a suitable range of chocolates to customers; – He will buy a special refrigerator at a cost of CAD 15,500 to keep the chocolates in good condition, and has found a small industrial room he can rent nearby at a cost of CAD 3,500 per month (payable monthly in advance, plus an initial security deposit of three months’ rent, refundable at the end of his tenancy if there is no damage); – Isaac will sell the chocolates throughout Canada by internet only, and is planning to spend CAD 8,500 with a website designer to develop the e-commerce site; – He has already spent CAD 5,000 on a market study that told him that once established, demand would be about 750 kg a month, although in the first-year sales would start at only 50 kg in the first month before building up slowly through the year to the full level at the end of the year; – The above study assumed an average selling price in Canada of CAD 160 per kg (ignore any impact of sales taxes in your calculations); – Packaging and shipping in Canada would average CAD 6 per kg, and Isaac is not intending to charge that to the customer; – All sales would be by credit card, with the credit card company taking a 1.2% handling fee per sale and remitting the monthly total to Isaac two weeks after the end of each calendar month; – He believes that two part-time students could run the entire operation at a total cost to him (including employer’s social charges) of CAD 2,500 per month; – Isaac understands that, if necessary, he could borrow up to an additional CAD 80,000 at 7% p.a.; – The effective overall marginal tax rate on income from a company set up to undertake this activity would be 25%, payable one year in arrears; Isaac has also told you that he can invest any available cash at an after tax 3% per annum.
Isaac also has a friend, Jade, who owns a small chain of travel agents in the Toronto area. Jade is interested in the venture and she has agreed that if Isaac packages the chocolates in boxes decorated with views of Southern Germany, she would give him a two-year contract to buy one hundred boxes (each containing 250gm of chocolates) from him per month, at a price of CAD 45 each. This would be in addition to the internet sales outlined above and would start immediately. To do this Isaac would need to buy in boxes and decorative paper at a cost of CAD 8 per box, and he has found a used table top wrapping machine that could be bought for CAD 2,200. He would also hire an assistant specifically to pack and deliver the boxes at an additional cost (including employer’s social charges) of CAD 500 per month.
Isaac remembers lectures on discounted cash flow analysis at business school and wonders if that is the best way to assess this opportunity. He has asked you to prepare an analysis while he is away to help him with the decision, making clear any assumptions that you make; the analysis should not exceed a total of 25 pages (everything from the cover page to the final page), and should include:
– A summary of all assumptions and estimates that you have made for your analysis, including justifications where appropriate; – A break even analysis; – A Profit and Loss Statement for the first year of operations and Balance Sheet at the end of the first year; – Monthly cash flow for the first year of operation; – Annual cash flow thereafter; – A clear explanation, in plain English, of how much cash the venture will need to get started; – Any sensitivity analysis that you think would be helpful; – The most that Isaac could offer AlpenChoc as an upfront fee for the exclusive rights for the seven year period (which does not include any chocolates, just the rights) which would leave him no better or worse off than if he had not undertaken the venture, and the amount you suggest he should actually offer them; – Conclusions and recommendations of whether or not he should pursue the offer; – A critical reflection of the analysis that Isaac has asked you to prepare; how you have evaluated the attractiveness of the venture and what, if anything, would you do differently in a financial analysis of this opportunity, and why?
Isaac has explained that he is going to be out of town for a wedding so will be unable to provide any assistance at all, but as he pointed out before leaving “you will find this easy with computers and the internet to help”.
Your report should demonstrate skills of critical reflection, effective communication and balanced judgement; note that this is not a market report. Scripts that are excessively long (i.e. exceeding the page limit) will not be read beyond the point of the page limit; there is no minimum page limit. Do not put your name on the paper.
The overall structure should be as follows:
1. Cover Page (1 page) 2. Table of Contents/List of Exhibits (1 page) 3. Executive Summary 4. Main Report 5. Critical Reflection 5. List of References.
The data in your answer should be clearly laid out in tabular format so that your approach and answer are both plainly evident.
Submissions should be machine readable and in MS-Word only; submit only one file, and include any Excel analysis as images, not e

Q45

Polycorp is considering an investment in new plant of $3.15 million. The project will be partially financed with a loan of $2,000,000 which will be repaid over the next five years in equal annual end of year instalments at a rate of 6.25 percent pa. Assume straight-line depreciation over a five-year life, and no taxes. The projects cash flows before loan repayments and interest are shown in the table below. Cost of capital is 12.65% pa (the required rate of return on the project). A salvage value of $255,000 is expected at the end of year five and is included in the cash flows for year five below. Ignore taxes and inflation.YearYear OneYear TwoYear ThreeYear FourYear FiveCash Inflow890,000830,000815,000910,0001045,000You are required to calculate:(1) The amount of the annual loan repayment and produce a repayment schedule.(2) NPV of the project (to the nearest dollar)(3) IRR of the project (as a percentage to two decimal places)(4) AE, the annual equivalent for the project (AE or EAV) (to the nearest dollar)(5) PB, the payback and discounted payback in years (to one decimal place)(6) ARR, the accounting rate of return (gross and net) (to two decimal places)(7) PI (present value index or profitability index) (to two decimal places)(8) Is the project acceptable? You must provide a decision or explanation for each of the methods in parts (2) to (7). Why or why not (provide a full explanation)? Also a brief explanation of your treatment of Salvage Value and Loan Repayments is required.

Q46

Which of the following is considered to be a current liability?

Short-term money market instruments

Accounts payable

Work-in-process

Raw materials

If you deposit $10,000 in an investment that yields 6 percent annually, how many years will it take for

your investment to double in value?

15 years

20 years

18 years

12 years

Discounting determines the worth of funds to be received in the future in terms of their

cost factor.

present value.

time factor.

future value.

What is the future value of an ordinary annuity if you deposit $1,500 per year for the next 5 years into

an account that earns an interest rate of 5 percent annually?

$1,914

$7,500

$8,288

$6,322

A beta coefficient for a risky stock is

greater than 1.0.

equal to 1.0.

less than 1.0.

negative.

Liabilities equal

assets minus equity.

equity.

equity minus assets.

assets.

What is the present value of an annuity due if you deposit $1,200 per year for the next

5 years into an account that earns an interest rate of 5 percent annually?

$5,195

$6,703

$8,288

$5,455

What is the future value of an annuity due if you deposit $1,500 per year for the next 5 years into an account that earns an interest rate of 5 percent annually?

$7,500

$11,914

$8,703

$8,288

Which of the following is calculated by subtracting the cost of goods sold and administrative expense from net sales?

Operating income

Total liabilities

Inventory cost

Accounts receivable

Accountants suggest that assets should be valued at

the higher of market or cost.

the lower of market or cost.

cost.

market.

Which of the following would be the most likely cause of an increase in inventory turnover?

The faster collection of accounts receivable

An increase in the inventory level

Lowered sales

A reduction in the price of the product

At an interest rate of 6.25% percent compounded annually, how many years will it take for an investment of $7,000 to grow to $10,000? (Round to the nearest year.)

8 years

6 years

10 years

4 years

To measure risk, the capital asset pricing model uses

the volatility of an asset's cash flows.

an asset's standard deviation.

the term during which the asset is held.

beta.

If an account currently has a value of $84,000 and earns an interest rate of 4 percent annually, for how many years can you withdraw $10,000 from the account?

If annual interest rates are 10 percent, which of the following values will be the greatest?

The future value of a $100 investment after 3 years

The future value of an annuity after 4 years, if $100 is deposited annually

The present value of an annuity that will pay $200 a year, at the end of each of the next 4 years

The present value of an investment that will be worth $100 after 2 years

What is the future value of an ordinary annuity if you deposit $500 per year for the next 10 years in an account that earns an interest rate of 4 percent annually?

$1,700

$5,000

$6,003

$5,263

What is the required return using the CAPM if the stock's beta is 1.2, and the individual, who expects the market to rise by 13.2%, can earn 6.4% invested in a risk-free Treasury bill?

24.58%

11.62%

14.56%

9.46%

Profitability ratios are used to measure

turnover.

liquidity.

leverage.

performance.

A current ratio is presently 2 : 1 for a corporation that sells sporting goods. Which of the following statements about the ratio is correct?

The current ratio is affected by exchanging bonds for stock.

The current ratio is increased by purchasing a store with cash, with potential to increase corporate sales.

The current ratio is unchanged by using cash to retire accounts payable.

The quick ratio is smaller than the current ratio.

The current ratio excludes

cash equivalents.

inventory.

accrued interest.

paid-in capital.

Q48

Your family vacation was great, but it unfortunately ran a bit over budget. All is not lost. You just received an offer in the mail to transfer your $5,000 balance from your current credit card, which charges an annual rate of 18.7 percent, to a new credit card charging a rate of 9.4 percent. You plan to make payments of $510 at the end the month on this debt. How many less payments will you have to make to pay off this debt if you transfer the balance to the new card?

You have your choice of two investment accounts. Investment A is a 5-year annuity that features end-of-month $2,500 payments and has an interest rate of 11.5 percent compounded monthly. Investment B is a 10.5 percent quarterly compounded lump sum investment, also good for five years. How much would you need to invest in B today for it to be worth as much as investment A five years from now?

Your friend was injured in an accident, and the insurance company has offered him the choice of $25,000 per year for 15 years, with the first payment being made today, or a lump sum. If a fair return is 7.5%, how large must the lump sum be to leave him as well off financially as with the annuity?

You recently inherited $100,000 in a trust fund that pays 6.5% interest. You must spend the money on your college education, and you must withdraw the money in 4 equal installments, beginning immediately. How much could you withdraw today and at the beginning of each of the next 3 years and end up with zero in the account?

You are looking at a one-year loan of $10,000. The interest rate is quoted as 8 percent plus 5 points. A point on a loan is simply 1 percent (one percentage point) of the loan amount. Quotes similar to this one are very common with home mortgages. The interest rate quotation in this example requires the borrower to pay 5 points to the lender up front and repay the loan later with 10 percent interest. What is the actual rate you are paying on this loan?

Q49

Taxes are a difficult area in divorce situations, and many attorneys consult with tax advisors on these matters. Here, you will be looking at how a party’s marital status impacts his/her tax rate. Child support and spousal support are funds that one party receives from the other either during the pendency of the divorce or thereafter. How the IRS treats these payments is a significant consideration. Read the scenario below and answer the following questions too.

Dave and Sarah file for divorce. They have been married for over 10 years and have filed their taxes jointly since getting married. What are the tax consequences they may face upon their divorce? After the divorce, Sarah receives spousal support and child support for their children from Dave. Sarah has to file her tax return. Does she have to claim her spousal support and child support? Can Dave get a deduction for the spousal support and child support that he pays?

Justify your ideas and responses by using appropriate examples and references from Westlaw (including primary sources such as cases, statutes, rules, regulations, etc.), government websites, peer-reviewed legal periodicals (not lawyer blogs), which can be supplemented by law dictionaries or the textbook. This means you need to use more than just your text and legal dictionaries.

Additional comments: APA format 250 min word count with at least 1 web resource as well

Q50

Additional comments: APA format 250 min word count with at least 1 web resource as well

Q51

If a stock is expected to pay an annual dividend of $20 this year, what is the approximate present value of the stock, given that the discount rate is eight percent and dividends are expected to grow at a rate of two percent per year?

If a stock is expected to pay an annual dividend of $20 forever, what is the approximate present value of the stock, given that the discount rate is five percent?

3.A company has two million shares outstanding. It paid a dividend of $2 during the past year, and expects that dividends will grow at six percent annually in the future. Stockholders require a rate of return of 13%. What would you expect the price of each share to be today, and what is the value of the company's common stock?

Each question must be about 75 words in length. Please show work. This needs to be completed 12/14/2015 at 8:00/20:00 pm eastern standard time.

Q52

Need help answering these two questions

Define the direction of monetary policy in the US over the last 3-5 years. Describing if money supply has increased or decreased? Explain. Have interest rates increased or decreased? Explain

Describe the impact of these monetary policies on the U.S. economy.

Q53

“Stabilizing an Economic Struggle” Please respond to the following:

In times of a struggling economic situation, determine the key steps that the Federal Reserve should take to help stabilize the economy. Next, explain how your proposed steps will affect money supply, interest rates, inflation rate, aggregate demand, and output. Provide support for your response.

Q54

Although the strategic planning process can have numerous benefits for organizations, the process also has its limitations. As organizations determine the most effective methods to accomplish their goals and measure their growth and progress, they may experience setbacks or encounter new issues that cannot be solved with strategic planning. In this Discussion, you examine ethical, financial, and cultural benefits and limitations of organizational strategic planning.

With the organization that you selected for your Final Project in mind:

Post an explanation of ethical, financial, and cultural benefits and limitations of organizational strategic planning. Include how ever-changing stakeholders might impact the strategic plan.

Q55

Assume the role of a consultant advising a benefits manager for a local telecommunications organization. The company is self-funded and has 25,000 employees, dependents, and retirees eligible for health benefits. The employees are currently enrolled in a managed PPO plan administered by a commercial insurer. The employer’s health plan costs have increased by 15% over the prior year. Therefore, leaders are considering more cost effective options.
- Identify at least three (3) managed care options that the organization would consider to be cost effective. Next, compare the three (3) options and make a recommendation based on your comparisons.
200 words

Q56

Data Communications and Networking Problems PLEASE READ FIRST: Hello. Below are problems that need to be fully solved. Please answer each of the questions asked to the fullest ability with as much information as possible. Show ALL work, such as equations and numbers for problems that require calculations. Please make sure to type everything out, DO NOT have anything handwritten in documents, please. Do not leave any questions blank when returning the work. Please make sure you do them all to the fullest and write the answers to the questions directly below. I need this assignement by 1/23/2015 at 12 PM and NO later! If you have any questions please ask them as soon as possible. Thank you! 1. Answer these questions: a) Is the frequency domain plot of a voice signal discrete or continuous ? b) A signal has a continuous frequency domain plot. Is it a periodic signal ? c) What is the phase shift of a sine wave with minimum amplitude after 1/8 cycle ? d) The highest frequency that people hear is around 18 kHz. The lowest is about 60 Hz. What is then the bandwidth of human hearing system ? Answer here: 2. Show the frequency domain of the following signal: s(t) = 1.242 + 2.4 sin 8??t + 3.1415 sin(18??t + ??/3) Answer here: 3. Draw the time domain representation (first 1/100 s) for the signal shown below in frequency domain: Answer here: 4. A radio channel has 10 MHz of bandwidth. What is the minimum SNR to achieve a data rate of 40 Mbps? Answer here: 5. A channel has a bandwidth of 4 MHz and signal to noise ratio of 63. The signal uses 64 levels. What is the maximum data rate achievable on this channel? (use both limits) Answer here: 6. What is the data rate on a channel if the transmission duration of a frame of 1250 kb takes 200 ms ? Answer here: 7. A TV channel has a bandwidth of 6 MHz. What is the number of signal levels if the data rate on the channel is 36 Mbps ? Answer here: 8. A signal passes through n cascaded amplifiers, each with a gain of GdB. What is the…

Q57

Comparing Stock Screeners

There are two primary stock screeners available to beginning investors which are easy to access:

Yahoo Stock Screener: http://screener.finance.yahoo.com/stocks.html
Google Stock Screener: https://www.google.com/finance/stockscreener

In a short paper, submitted online,

Go to Yahoo Stock Screener and complete a sort of your choosing. Screen shot that sort for your paper and place it in your paper as Figure 1 – Yahoo Stock Screener. How many results did it yield? Pick one that you recognized and briefly discuss the company.
Go to Google Stock Screener and complete a sort of your choosing. Screen shot that sort for your paper and place it in your paper as Figure 2 – Google Stock Screener. How many results did it yield? Pick one that you recognized and briefly discuss the company?
Which stock screener did you prefer and why?
If you prefer to create a short Prezi, Educreations video, or narrated Power Point, that works as well!

Q58

Please read very careful to instructions. IF you can help me with this assignment, I will ask for the same person help within the following assignments I have. If you help with this work, I will also give a bonus after its all done. Ive chosen mcdonalds for the orinization of my choice. Thank you so very much. I need this done by wend. let me kno if you can do the work for me! only IT experience!

As you start your investigation into an introduction to information technology (IT), you will take this opportunity in the first assignment to create the template for you to add your assignments each week. This first assignment will not only have you investigate systems, but also establish the framework for future submissions.

The assignments each week build upon the work and knowledge of previous weeks. You will create 1 single document that contains all of the weekly assignments, in separate sections, culminating with the final submission being a single document with all of the weekly assignments contained within.

You are responsible for adding each of these ongoing Individual Project assignments into your Key Assignment document that will contain all of the assignments completed during this course.

The template document should follow this format:

Introduction to IT Document Shell
Use Word
Title Page
- Course number and name
- Project name
- Student name
- Date
Table of Contents (TOC)
- Use an autogenerated TOC.
- Place it on a separate page.
- It should be a maximum of 3 levels deep.
- Be sure to update the fields of the TOC so it is up-to-date before submitting your project.
Section Headings (create each heading on a new page with TBD as content except for sections listed under New Content below)
- Section 1: Information Systems Overview
  - This section will be used to describe the organization and talk about information systems and the roles needed to support them.
- Section 2: Information Systems Concepts
  - This section will focus on database management systems and networks.
- Section 3: Business Information Systems
  - This section looks at data and systems that process data.
- Section 4: System Development
  - This section will be used to look at the system development life cycle.
- Section 5: Information Systems and Society
  - This section combines all previous sections and gives the opportunity to look at securing information systems.

New Content for Section 1: Information Systems Overview

Describe an organization of your choice. You will use this organization as you focus on the concept of information systems.
With all of the available choices and technology, describe how the organization goes about the process of choosing the information system.
Discuss the job functions that are needed to support the intended information system used by the organization.
You should provide at least 1-2 pages of discussion for this information.

Q59

Question 1 Valuation – zero-coupon bond A U.S. Government bond with a face amount of $10,000 with 8 years to maturity is yielding 3.5%. What is the current selling price?

Question 2 Valuation – preferred stock What is the value of a share of preferred stock that pays a $9.50 dividend, assume k is 12%.

Question 3 Valuation – convertible bond You purchased one of AAA Corp.’s 9%, 15-year convertible bonds at its $1,000 par value a year ago when the company’s common stock was selling for $25. Similar bonds without a conversion feature returned 10% at the time. The bond is convertible into stock at a price of $35. The stock is now selling for $40. Assume no dividends. a) You exercise the conversion feature today and immediately sold the stock you received. Calculate the total return on your investment. b) What would your return have been if you had invested $1,000 in AAA’s stock instead of the bond?

Question 4 A $1000 par value convertible bond has a conversion price of $50. It is currently selling for $1,120 despite the fact that the bond’s coupon rate and the market rate are equal. The common stock obtained upon conversion is selling for $54 per share. What is the convertible bond’s conversion premium?

Question 5 Valuation – zero-coupon bond A U.S. Government bond with a face amount of $10,000 with 13 years to maturity is yielding 5.5%. What is the current selling price?

Question 6 Present value of single sum problem You are going to be given $100,000 in 12 years. Assuming an interest rate of 3.5%, what is the present value of this amount?

Question 7 Future value of single sum problem You put $2,000 in an investment account today which will earn 8% over the next 14 years, what is the future value?

Question 8 Present value of single sum problem You are going to be given $45,000 in 7 years. Assuming an interest rate of 2.5%, what is the present value of this amount?

Question 9 Future value of single sum problem You put $5,000 in an investment account today which will earn 6% over the next 11 years, what is the future value?

Question 10 Present value of annuity problem You will receive $1,200 at the end of the next 15 years, assuming a 8% discount rate, what is the present value of the cash flows?

Q60

Calculate the financial ratios for the assigned company's financial statements, and then interpret those results against company historical data as well as industry benchmarks: Review Pepsi, Apple OR Best Buy's company's financial statements from the past three years. •Compare the financial ratios with each of the preceding three (3) years (e.g. 2014 with 2013; 2013 with 2012; and 2012 with 2011). •Compare the calculated financial ratios against the industry benchmarks for the industry of your assigned company. Show financial calculations where appropriate. Write a 500 to 750 word summary of your analysis

quick assistance with finance assignments, summer 2020 online courses help

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