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FINANCE

Question: You are employed in a large accounting firm which specialises in preparing general purpose financ…

You are employed in a large accounting firm which specialises in preparing general purpose financial reports for large companies that are listed on the Australian Securities Exchange (ASX). As the training manager, one of your key tasks is to prepare a regular newsletter for staff involved in the preparation of the above financial reports. The purpose of the newsletter is to keep staff updated on the latest financial reporting news, alerting staff of changes and developments that may impact their work, and provide enough information to staff to satisfy the following:

For staff to understand the nature of the news / change / development and its potential impact (so staff can decide whether they need to investigate further given the nature of their own work);

Provide directions to staff of where they can access further information on the news / change / development if they wish to (including website links where appropriate).

Required:

Prepare a 2 page newsletter that identifies and summarises changes / developments and news in the financial reporting environment for the period from 1 May 2018 to 31 July 2018.

6 local (Australian news and 6 international news. each news with the link) news should be only regarding changes and Amendments in accounting standards.

can take only from folloeing websites

  1. a) Websites such as those of:

Australian Accounting Standards Board

Financial Reporting Council

Australian Securities and Investment Commission

Australian Securities Exchange

International Federation of Accountants

Chartered Accountants Australia and New Zealand

CPA Australia

International Accounting Standards Board

Websites of large accounting firms

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Question: You wish to borrow $370,000 from Budget Bank to buy a home. They are offering a 35 year mortgage …

you wish to borrow $370,000 from Budget Bank to buy a home. They are offering a 35 year mortgage with an EAR of 4.2%. Calculate the amount of your monthly payment. Round to the nearest dollar

Question: A company has determined the following factors relative to its asset and financing mix. The firm …

A company has determined the following factors relative to its asset and financing mix.
The firm earns 10% annually on current assets an 20% annually on fixed assets. It pays 13% annually on current liabilities and 17% annually on long-term funds.
What are the firm’s average seasonal funds requirements, financing costs according to the aggressive and conservative financing strategy?
The firm’s current,fixed and total assets for the last 6 months of the previous years.are as follows:

MONTH CURRENT ASSETS ($) FIXED ASSETS ($) TOTAL ASSETS ($)
July 45 000 100 000 145 000
August 40 000 100 000 140 000
September 50 000 100 000 150 000
October 55 000 100 000 155 000
November 60 000 100 000 160 000
December 75 000 100 000 175 000
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Question: Canadian Bacon Inc. financial statements are presented in the table below. Based on the informati…

Canadian Bacon Inc. financial statements are presented in the table below. Based on the information in the table, calculate the firm’s total assets turnover ratio. Round the answers to two decimal places Balance Sheet December 31, 2015 Cash and marketable securities $187,000 Accounts payable $217,000 Accounts receivable $498,000 Notes payable $51,500 Inventories $799,000 Accrued expenses $58,300 Prepaid expenses $19,300 Total current liabilities $326,800 Total current assets $1,503,300 Long-term debt $215,400 Gross fixed assets $1,978,000 Par value and paid-in-capital $128,000 Less: accumulated depreciation $478,000 Retained Earnings $2,333,100 Net fixed assets $1,500,000 Common Equity 2,461,100 Total assets $3,003,300 Total liabilities and owner’s equity $3,003,300 Income Statement, Year of 2015 Net sales (all credit) $5,386,600.00 Less: Cost of goods sold $3,716,754.00 Selling and administrative expenses $329,000.00 Depreciation expense $138,000.00 EBIT $1,202,846.00 Interest expense $39,600.00 Earnings before taxes $1,163,246.00 Income taxes $465,298.40 Net income $697,947.60

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Question: The financial manager should attempt to maximize the wealth of the firm’s shareholders through ac…

The financial manager should attempt to maximize the wealth of the firm’s shareholders through achieving the highest possible value for the firm. a) Please explain how this concept is different from the idea of earning the highest possible profit for the firm

  1. b) explain how social responsibility and ethical behavior on the part of corporate management affects the value of the firm;

 

Question: P13-11 Calculating Portfolio Betas [LO4] You own a stock portfollo Invested 30 percent In Stock Q…

Show transcribed image text

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Question: The Potomac Company’s bonds have a face value of $1,000, will mature in 20 years, and carry a cou…

The Potomac Company’s bonds have a face value of $1,000, will mature in 20 years, and carry a coupon rate of 16 percent. Assume interest payments are made semiannually. Determine the present value of the bond’s cash flows if the required rate of return is 15 percent.

Find the real return on the following investments:

Stock    Nominal      Return Inflation

A          10%             3%

B          15%            8%

C           -5%            2%

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Question: What is the meaning of the term Externalities.

 

Question: Describe the different types of externalities that you know.

 

Question: Identify and compare three types of rivalries and how they impact strategic management finance.

 

Question: What are the different types of bonds and what are key characteristics of each?

 

Question: A company was extended credit terms of 3/15 net 3EOM. What would the cost of giving up the cash discount be, assuming the firm was able to stretch its accounts payable to 60 ays without damaging its credit rating. (assume 365 days in a year.)

 

Question: if you decide to select annuity option, how much money would you get each year. Powerball lottery. The Winnings were 528.8 million lump-sum was 327.8 the taxes mentioned went as follows :federal 25% and state 4.9%

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Question: On your 45th birthday, you start to plan for your retirement. You decide to start saving $10,000 per year in a 401-k plan, starting on your next birthday. If your plan earns interest of 8% per year, how much money (to the nearest dollar) will you have in your 401-k account when you retire at age 65? Note that your last contribution will be made on your 64th birthday (i.e. it would be silly to make a contribution on your 65th birthday and then withdraw it immediately).

 

Question:  As the winner of a radio competition you are offered a choice of one of the following cash prizes. Which should you choose if your discount rate is 6% and why? (Show all working.) HINT: Draw a time-line for each.

(a)  $3,000 at the end of each year for the next 6 years.

(b)  $10,300 per year for 3 years with the first payment made 4 years from today.

(c)  $890 per year forever, beginning 1 year from today.

(d)  $8,000 now, $10,000 3 years from now and $8,000 4 years from now.

 

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Question: An issue of bonds with par of $1,000 matures in 8 years and pays 8% p.a. interest semi-annually. The market price of the bonds is $1,205 and your required rate of return is 9%.

(a) Calculate the bonds expected rate of return.

(b) Calculate the value of the bond to you, given your required rate of return.

(c) Should you purchase the bond? (State the reason for your decision.)

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Question: Boote Co. is expected to pay a cash dividend of $2.80 next year. This dividend is expected to grow at 4% to infinity. If you require a return of at least 8%, what is the most you should be willing to pay for this share?

 

Question: An issue of bonds with par of $1,000 matures in 8 years and pays 8% p.a. interest semi-annually. The market price of the bonds is $1,205 and your required rate of return is 9%.

(a) Calculate the bonds expected rate of return.

(b) Calculate the value of the bond to you, given your required rate of return.

(c) Should you purchase the bond? (State the reason for your decision.)

 

Question: An investor wants a return of 17​%?  an investor wants a return of 15​%? e.  an investor wants a return of 11​%? d.  an investor wants a return of 9​%? c.  an investor wants a return of 6​%? b.  King Waterbeds has an annual cash dividend policy that raises the dividend each year by 4​%. The most recent​ dividend, Div 0​, was $ 0.50 per share. What is the​ stock’s price if a.

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Question: Terry wants a return of 18​%.  Josh wants a return of 15​%. d.  Jonathan wants a return of 11​%. c.  Theo wants a return of 9​%. b.  Fenway Athletic Club plans to offer its members preferred stock with a par value of ​$100 and an annual dividend rate of 5 %. What price should these members be willing to pay for the returns they​ want? a.

 

Question: Johnny is willing to pay ​$5.  Marcia is willing to pay ​$15. d.  Derek is willing to pay ​$30. c.  Alex is willing to pay ​$35. b.  Yankee Athletic Club has preferred stock with a par value of ​$100 and an annual 5​% cumulative dividend. Given the following prices for the preferred​ stock, what is each investor seeking for his or her​ return? a.

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Question: Villalpando Winery wants to raise ​$15 million from the sale of preferred stock. If the winery wa…

3​%?  6​%? f.  7​%? e.  8​%? d.  15​%? c.  11​%? b.  Villalpando Winery wants to raise ​$15 million from the sale of preferred stock. If the winery wants to sell one million shares of preferred​ stock, what annual dividend will it have to promise if investors demand a return of a.

 

Question: Kolman Kampers has a production cycle of 33 ​days, a collection cycle of 19 ​days, and a payment cycle of 12 days. What are​ Kolman’s business operating cycle and cash conversion​ cycle? If Kolman reduces the production cycle by 1 ​days, what is the effect on the cash conversion​ cycle? If Kolman decreases the collection cycle by 1 ​days, what is the effect on the cash conversion​ cycle? If Kolman increases the payment cycle by 1 ​days, what is the effect on the cash conversion​ cycle?  Business operating cycle.

 

Question: Economic order quantity ​(EOQ). ​ Tinnendo, Inc. believes it will sell 4 million​ zen-zens, an electronic​ game, this coming year. Note that this figure is for annual sales. The inventory manager plans to order​ zen-zens 47 times over the next year. The carrying cost is ​$0.04 per​ zen-zen per year. The order cost is ​$571 per order. What are the annual carrying​ cost, the annual ordering​ cost, and the optimal order quantity for the​ zen-zens? Verify your answer by calculating the new total inventory cost.

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Question: Economic order quantity ​(EOQ). ​ Tinnendo, Inc. believes it will sell 4 million​ zen-zens, an electronic​ game, this coming year. Note that this figure is for annual sales. The inventory manager plans to order​ zen-zens 40 times over the next year. The carrying cost is ​$0.03 per​ zen-zen per year. The order cost is ​$600 per order. What are the annual carrying​ cost, the annual ordering​ cost, and the optimal order quantity for the​ zen-zens? Verify your answer by calculating the new total inventory cost.

 

Question For the prior three​ years, sales for National Beverage Company have been ​$22,041,000 ​(2011), $ 23,071,000 ​(2012), and ​$24,074,000 ​(2013). The company uses the prior two​ years’ average growth rate to predict the coming​ year’s sales. What were the sales growth rates for 2012 and​ 2013? What is the expected sales growth rate using a​ two-year average for​ 2014? What is the sales forecast for​ 2014?  Sales forecasts.

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Question Raspberry Phones uses external data to forecast the coming​ year’s sales. The company has 7.5 % of all​ new-phone sales in the United States and 5.6 % of all​ replacement-phone sales. Industry forecasts predict 18.9 million​ new-phone buyers and 31.8 million​ replacement-phone buyers in 2014. If the average Raspberry phone costs ​$84.05​, what sales revenues is the company forecasting for​ 2014?  Sales forecast based on external data.

 

Question: The Westlands Co. has just gone public. Under a firm commitment agreement, the company received $15.70 for each of the 10 million shares sold. The initial offering price was $19.10 per share, and the stock rose to $21.00 per share in the first few minutes of trading. The company paid $740,000 in direct legal and other costs and $270,000 in indirect costs.

What was the flotation cost as a percentage of funds raised? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Flotation cost             %

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Question: An issue of bonds with par of $1,000 matures in 8 years and pays 8% p.a. interest semi-annually. The market price of the bonds is $1,205 and your required rate of return is 9%.

(a) Calculate the bonds expected rate of return.

(b) Calculate the value of the bond to you, given your required rate of return.

(c) Should you purchase the bond? (State the reason for your decision.)

 

 

ECONOMICS

 

Question: A regional manufacturer of restaurant grills is considering entering the market for deluxe, propane-gas barbecue grills. The annual fixed costs to produce and market the proposed product is $ 5,000,000 a year. The variable cost to produce each grill is estimated at $ 70. The firm is considering a selling price of $ 135 to retailers. The number of households considered to be within the potential market in the marketing area is 8,500,000. Households only buy new grills every 10 years. If the firm wanted to achieve break-even at 5% share of market, at what price would they have to sell to the distrib

 

Question: Tatum is a mother of Anny (1 year old). Tatum derives utility from income Y (i.e. a disposable income that she can spend on consumption goods other than childcare) and leisure L according to the utility function U(Y,L)=Y*L . She has non-labour income of $200 per day. Her time endowment is 16 hours per day that can be spent either on Leisure (which mostly consists of caring for Anny) or labour market work. If Tatum works she has to leave Anny in the child care. Tatum’s wage is $20 per hour, while the childcare cost $5 per hour. Tatum only uses childcare when she works.

What is Tatum’s reservation wage? Round your answer to the first decimal point.

 

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FINANCE

 

Question: Company name: ikeGPS Group Ltd Discussion (Use NZX website, from its financial profile, we could get this chart for 4 years.) Annual report from NZX website, is used to analysis this company.

Discuss:

Future plans and Investor informationFuture PlansDiscuss what plans the company has announced to the public, and how these have impacted on the share price. This information can be found from a variety of sources:

Annual report

NZX company research

Newspaper article (preferably recent articles)

Investor Information

Introduce why it is important to assess investor information

Outline the basic ratios used to assess investor information, and provide an analysis of the trends shown in ‘share price performance’ graph

Refer to the appendix where you have calculated or obtained the relevant ratios, plus graph

Alternatively, the graph can be displayed in the main body of the report

Conclude as to whether or not this company would be a good investment

You must include a discussion on income vs growth

300 – 350 WORDS

use annual report 2018 2017

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Question: Company name: ikeGPS Group Ltd            

Discussion

Conclusions & Recommendation

Pull together the main points made from each part of the discussion

Conclusion should not have any new information

Make a recommendation to the prospective investor

You can recommend to buy shares, or not to buy shares in the company being investigated

Recommendation must clearly flow from the discussion and conclusions

200 – 250 WORDS

Conclude: Profitability, Liquidity, Financial Structure, Future plans and investor information. And recommendation.

use annual report 2018 2017

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Question: Outline the key building blocks of conceptual frameworks. Conceptual Frameworks are yet to provide significant prescription in relation to measurement issues in accounting. Why do you think this is the case? Would you consider conceptual frameworks to have been successful in achieving their objectives? Justify your response.

 

ACCOUNTING

 

Question: *List the due process steps followed by the FASB to establish financial accounting and reporting standards. You can find the answer at fasb.org.

*List the purpose of forms 10-Q, 10-K, and 8-K that a U.S. registrant is required to file with the U.S. Securities and Exchange Commission under the Securities and Exchange Act of 1934.

*List the significant components of Form 10-Q and Form 10-K filed with the U.S. Securities and Exchange Commission.

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Question: Prepare a cash budget of Ebony Company Limited on the basis of the following information for the first six months of 2014:

(a) Cost and prices unchanged.
(b) Cash sales – 25% and credit sales – 75%.
(c) 60% of credit sales are collected in the month after sales, 30% in the second month and 10% in the third. No bad debts are anticipated.

(d) Sales forecasts are as follows:
` `
October 2013.                        1,200,000
November 2013.                    1,400,000
December 2013.                     1,600,000
January 2014.                            600,000
February 2014.                           800,000
March 2012.                                800,000
April 2012.                                1,200,000
May 2012.                                 1,000,000
June 2012.                                    800,000
July 2012.                                   1,200,000

(e) Gross profit margin 20%.

(f) Anticipated purchases:
`
January 2014 640,000

February 2014 640,000

March 2014 960,000

April 2014 800,000

May 2014 640,000

June 2014 960,000

(g) Wages and Salaries to be paid:

January 2014.      120,000

February 2014.     160,000

March 2014.          200,000

April 2014.             200,000

May 2014.             160,000

June 2014.              140,000

(h) Interest on GH¢1,000, 000 @ 12% on debentures is due by the end of March and June.

(i) Excise deposit due in April ¢200,000.

(j) Capital expenditure on plant and machinery planned for June ¢120,000.

(k) Company has a cash balance of ¢400,000 at 31.12.2013.

(l) Company can borrow on monthly basis.

(m) Rent is ¢8,000 per month.

 

Question Activity statements must be lodged in accordance with statutory, legislative and regulatory requirements. How can an effective accounting system help? (200–250 words)

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Question: Act16 Explain the benefits of maintaining control accounts. Conduct independent research as needed. (150–200 words)

 

OPERATIONS MANAGEMENT

Qn. Explain, how the considerations of environtnenta1 assessment and organisational position provide a modeling framework for the strategic planning of operations. [2 Marks]

Qn. Briefly explain how service producers differ from goods producers in important aspects of their operations. [2 Marks]

Qn. Give two [2] examples for the productive systems concerned to service and manufacturing respectively. [2 Marks]

Qn. Atoll tunnel has decided to experiment with the use of a debit card for the collection of tolls. Initially, only one lane will be used. Cars are estimated to arrive at this experimental lane at the rate of 952 per hour. It will take exactly four seconds to verify the debit card. [2 Marks] (a) In how much time would you expect the customer to wait in line, pay with the debit card, and leave? (b) How many cars would you expect to see in the system?

Qn. Describe the seven [7] tools of quality control. Are some more important than others? Would you use these tools separately or together? Give some examples of tools that could be used together. [7 Marks]

Qn. An automatic drive-in teller at ABC National Bank has the capacity of handling 2,000 entries per regular banking day (according to the firm that sold it to the bank). However, because of limitations imposed by automobile access, the teller is available only 60 per cent of the time. It is actually being used for about 800 entries per day. What is the system efficiency? [2 Marks]

 

Qn. Describe the five [5] key performance indicators (KPIs) as it applies to Operations Management. [5 Marks]

Course Name – MSYS 200 ( Management Information System)

 

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Short Question

Qn. Why NIC and WNIC are important to LAN ?

 

Qn. Forecast demand for March was 950 units, but actual demand turned out to be only 820. If the firm is using a simple exponential smoothing technique with a = 0.2, what is the forecast for April? [1 Mark]

Qn. The annual fixed costs of a product are known to be $200,000 and the annual net profit $40,000 the average monthly sale being 820 units. A new design is contemplated, involving an expenditure for preparations amounting to $ 80,000, to be returned in two years. It is expected that with new production methods the P/V ratio may be increased by 5 per cent. What should the annual sales figure for the new design be (a) so that the same net profit will be realized; (b) so that in addition to this profit a yield of 10 per cent on the capital invested will be obtained? [2 Marks]

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Qn: The quality assurance manager is assessing the capability of a process that puts pressurized grease in an aerosol can. The design specifications call for an average of 60 pounds per square inch (psi) of pressure in each can with an upper specification limit of 59 psi and a lower specification limit of 51 psi. A sample is taken from production and it is found that the cans average 57 psi with a standard deviation of 2 psi. What is the capability of the process? What is the probability of producing a defect? [2 Marks]

 

Qn. By using a time-phased plan for component inventories, a firm can reduce average inventory levels from 105 units to 42.5 units. If the average component value is Rs.12 and the reduction applies to 4,000 components, how much of a saving would result? Use inventory-carrying costs of 30 per cent per year. [2 Marks]

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Qn: Give examples of services that have a good match between customer expectations and service delivery. Give examples of services that do not have a good match. [3 Marks]

 

Qn: McBurger’s fast-food restaurant has a drive-through window with a single server who takes orders from an intercom and also is the cashier. The window operator is assisted by other employees who prepare the orders. Customers arrive at the ordering station prior to the drive-through window every 3.6 minutes (exponentially distributed) and the service time is 2.4 minutes (exponentially distributed). Determine the average length of the waiting line and the waiting time. Discuss the quality implications of your results. If you decide that the quality of the service could be improved, indicate what things you might do to improve quality. [4 Marks]

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Qn: The Minute Stop Market has one pump for gasoline, which can service 10 customers per hour (Poisson distributed). Cars arrive at the pump at a rate of 5 per hour (Poisson distributed). [2 Marks] (a) Determine the average queue length, the average time a car is in the system, and the average time a car must wait. (b) If, during the period from 4:00 P.M. to 5:00 P.M., the arrival rate increases to 12 cars per hour, what will be the effect on the average queue length?

 

 

 

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