Financial Terms and Roles

 

Create a list of definitions for the following terms and identify their roles in finance. Use your own words, no references. No word count.

 

 

• Finance

 

 

• Efficient market

• Primary market

• Secondary market

• Risk

• Security

• Stock

• Bond

• Capital

• Debt

• Yield

• Rate of return

• Return on investment

• Cash flow

 

 

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critique of a peer reviewed article related to debt management and the various ways it is handled in the pu blic sector

These questions need to be addressed

What are the main points and arguments of the author?

What is your opinion of the article?

How can the points and arguments be applied to the public sector in a pratical sense?

How does this article relate to your experience in the public or nonprofit sector?

 

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Assignment 1: Company Description and SWOT Analysis Due Week 3 and worth 100 points In this assignment, you will conduct a SWOT (Strength, Weakness, Opportunity, and Threat) analysis for the type of beverage you have selected, and for your company overall

Assignment 1: Company Description and SWOT Analysis

Due Week 3 and worth 100 points

In this assignment, you will conduct a SWOT (Strength, Weakness, Opportunity, and Threat) analysis for the type of beverage you have selected, and for your company overall. As you work on the assignment, consider why you have chosen one type of non-alcoholic beverage over another and the reasons for that choice. As you complete your SWOT analysis, be sure to include external factors such as industry / market trends and competition, and internal factors such as your capabilities or abilities to reach certain market segments.

Write a three to five (3-5) page paper, in which you:

1.Create your revised NAB company name and explain its significance.

2.Develop your revised company’s Mission Statement and provide a rationale for its components.

◦Hints: Use the Statement of Mission template on pp. 72-73 on the course textbook: Successful Business Plan to aid your development. Click here for help accessing a specific page number in your eBook.

◦Extracting appropriate information from the NAB company portfolio, where applicable. You should fill in other required items in the template using your personal preferences.

3.Describe the trends in the non-alcoholic beverage industry, especially the specific type of beverage category you have chosen. Justify at least three (3) reasons why you have chosen this type of non-alcoholic beverage. ◦Hints: Research and outline beverage industry trends. Consider the size and growth rate of the industry overall and the specific beverage type you have chosen. Use the worksheet in the course text (p. 88 | Past and Future Growth of Your Industry) to help you project the future growth rate. Consider the use of industry associations and search engines to find reliable, recent data.

4.Choose one (1) strategic position from the course text (pp. 142–143) that you believe is the best strategic position for your company. Explain the approach you will use to implement this strategic position in order to distinguish your beverage from other non-alcoholic beverages.

5.Provide an overview of your company’s distribution channels. Explain the manner in which your product will reach end users. Provide a rationale for your chosen method. ◦Hints: For example, will you sell your beverage in grocery stores, restaurants, or sports venues? If so, describe the types of resellers and distributors who will sell to resellers and fulfill their orders. If you are attempting to sell direct-to-consumers, such as online via a monthly subscription, how will you manage warehousing / fulfillment / shipping?

6.Outline at least three (3) types of risks (including any regulatory risks) that your business faces. Describe your company’s plan to mitigate such risk. ◦Hints: You may refer to the types of risk listed in the course text (pp. 148–149) as well as any risks not listed in the text. Regulation weighs more heavily on beverage and food businesses than many other types of companies, so be certain to consider any regulatory risks your type of beverage faces. For example, what kind of regulation and / or risks are you likely to face if you make health claims about your beverage?

7.Develop a SWOT analysis for your NAB company using the SWOT matrix worksheet in the course text (p. 153 | SWOT: Strengths / Weaknesses / Opportunities / Threats) ◦Hints: What are your company’s likely strengths? Have you chosen a beverage segment that is growing and lacks an entrenched competitor? Are you in a niche market that has great potential? What are the strengths that you and other team members bring to your company? Do you or other team members have previous experience in the food and beverage industry?

◦Hints: What are your company’s likely weaknesses? Is the competition in your industry segment entrenched? Is your own management team inexperienced? Will it be challenging to actually produce your product and maintain quality?

◦Hints: What are your company’s opportunities? Does your segment have more demand than supply? Have larger corporations stopped serving smaller or niche markets that you could enter? Is a new market emerging because of demographics, immigration, changing tastes?

◦Hints: What are your company’s threats? Is there a clear market leader that will be hard and expensive to displace? Are downward-pricing pressures in the segment making profit margins slim? Are there little or no barriers-to-entry for new competitors; if you have a novel idea that succeeds, can the competition easily enter your market? If you have a global aspect to your company, do factors such as currency fluctuations, political instability, offshoring or outsourcing pose threats?

8.Format your assignment according to these formatting requirements:a.Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA or school-specific format. Check with your professor for any additional instructions.

b.Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required page length.

c.Cite the resources you have used to complete the exercise. Note: There is no minimum requirement for the number of resources used in the exercise.

The specific course learning outcomes associated with this assignment are:

•Analyze the role of a company mission, vision, and objectives and the impact to business strategy.

•Describe strategic planning techniques used to formulate alternative strategies designed to achieve stated business goals.

•Analyze the external and internal environment for opportunities, threats, strengths, and weaknesses that impact the firm’s competitiveness.

•Use technology and information resources to research issues in strategic management.

•Write clearly and concisely about strategic management using proper writing mechanics.

Click here to view the grading rubric for this assignment.

 

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finance question

 

Tony and Lorraine have decided to consolidate their debts into one home loan with two splits, one for the existing home loan and a second split for the all other debts. They will not be including the cleaning supplies bill as they pay this in full each month. 

Note: They have chosen ‘New Bank Loan’ who are offering a 4.5% interest rate on a variable, principal and interest loan over 30 years.

 

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PSYCH U2 DB

  

write 600-800 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions with your classmates. Be substantive and clear, and use examples to reinforce your ideas.

You are at a social media conference and attending a panel discussion on current trends. What types of questions would you      ask? Why? What types of information would you      seek? Why?

The discussion must be written in an integrative manner that fully discusses each discussion point in full, providing complete analysis and utilizing your research. All research must be cited in the discussion and listed at the end of your post. A minimum of 3 scholarly or professional business references for support are required.

Note: Research is to be academic or professional in scope. Use of blogs, personal Web sites, corporate Web sites, wikis, or other social-media-related sources are not acceptable.

Assignment Objectives

Distinguish between the different social media platforms and domains

Identify appropriate uses and best practices in using social media

 

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cis home work

This is a webcste link   http://www.w3schools.com/   that has a tutorial about   JavaScript and    AJAX  Tutorial

instructions

you must write a report indicating what you have done, and how that particular topic can be applied to your finance major and/or work.  

 

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Week 1 discuss

  Determine what  you believe to be the most influential external environment factor  shaping organizational culture for managers and business leaders in the  21st century. Provide support for your rationale. 
Suggest the most  significant impact that globalization has had on organization culture in  today’s work environment. Indicate whether the impact has been positive  or negative from a management perspective. Provide support for your  rationale.

 

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FIN534 Quiz 6

Assume a project has normal cash flows. All else equal, which of the following statements is CORRECT?

A.            The project’s IRR increases as the WACC declines.

B.            The project’s NPV increases as the WACC declines.

C.            The project’s MIRR is unaffected by changes in the WACC.

D.            The project’s regular payback increases as the WACC declines.

E.            The project’s discounted payback increases as the WACC declines.

 

Which of the following statements is correct?

      The NPV, IRR, MIRR, and discounted payback (using a payback requirement of 3 years or less) methods always lead to the same accept/reject decisions for independent projects.

      For mutually exclusive projects with normal cash flows, the NPV and MIRR methods can never conflict, but their results could conflict with the discounted payback and the regular IRR methods.

      Multiple IRRs can exist, but not multiple MIRRs. This is one reason some people favor the MIRR over the regular IRR.

      If a firm uses the discounted payback method with a required payback of 4 years, then it will accept more projects than if it used a regular payback of 4 years.

      The percentage difference between the MIRR and the IRR is equal to the project’s WACC.

 

Which of the following statements is CORRECT?

 

A) If a project has “normal” cash flows, then its IRR must be positive.

B) If a project has “normal” cash flows, then its MIRR must be positive.

C) If a project has “normal” cash flows, then it will have exactly two real IRRs.

D) If a project has “normal” cash flows, then it can have only one real IRR, whereas a project with “nonnormal” cash flows might have more than one real IRR.

E) The definition of “normal” cash flows is that the cash flow stream has one or more negative cash flows followed by a stream of positive cash flows and then one negative cash flow at the end of the project’s life.

 

Which of the following statements is CORRECT?

           

 

If a project with normal cash flows has an IRR greater than the WACC, the project must also have a positive NPV.

           

 

If Project A’s IRR exceeds Project B’s, then A must have the higher NPV.

           

 

A project’s MIRR can never exceed its IRR.

           

 

If a project with normal cash flows has an IRR less than the WACC, the project must have a positive NPV.

           

 

If the NPV is negative, the IRR must also be negative.

 

Which of the following statements is CORRECT?  Assume that the project being considered has normal cash flows, with one outflow followed by a series of inflows.

Answer

 

    A project’s regular IRR is found by compounding the cash inflows at the WACC to find the terminal value (TV), then discounting this TV at the WACC.

 

    A project’s regular IRR is found by discounting the cash inflows at the WACC to find the present value (PV), then compounding this PV to find the IRR.

 

    If a project’s IRR is greater than the WACC, then its NPV must be negative.

 

    To find a project’s IRR, we must solve for the discount rate that causes the PV of the inflows to equal the PV of the project’s costs.

 

    To find a project’s IRR, we must find a discount rate that is equal to the WACC.

2 points

 

Assume that the economy is in a mild recession, and as a result interest rates and money costs generally are relatively low. The WACC for two mutually exclusive projects that are being considered is 8%.  Project S has an IRR of 20% while Project L’s IRR is 15%. The projects have the same NPV at the 8% current WACC.  However, you believe that the economy is about to recover, and money costs and thus your WACC will also increase.  You also think that the projects will not be funded until the WACC has increased, and their cash flows will not be affected by the change in economic conditions.  Under these conditions, which of the following statements is CORRECT?

 

 13

 

Assume a project has normal cash flows.  All else equal, which of the following statements is CORRECT?

 

 14

 

Which of the following statements is CORRECT?

Answer

 

    One advantage of the NPV over the IRR is that NPV takes account of cash flows over a project’s full life whereas IRR does not.

 

    One advantage of the NPV over the IRR is that NPV assumes that cash flows will be reinvested at the WACC, whereas IRR assumes that cash flows are reinvested at the IRR.  The NPV assumption is generally more appropriate.

 

    One advantage of the NPV over the MIRR method is that NPV takes account of cash flows over a project’s full life whereas MIRR does not.

 

    One advantage of the NPV over the MIRR method is that NPV discounts cash flows whereas the MIRR is based on undiscounted cash flows.

 

    Since cash flows under the IRR and MIRR are both discounted at the same rate (the WACC), these two methods always rank mutually exclusive projects in the same order.

2 points  

 15

 

Which of the following statements is CORRECT?

Answer

 

    The NPV method was once the favorite of academics and business executives, but today most authorities regard the MIRR as being the best indicator of a project’s profitability.

 

    If the cost of capital declines, this lowers a project’s NPV.

 

    The NPV method is regarded by most academics as being the best indicator of a project’s profitability; hence, most academics recommend that firms use only this one method.

 

    A project’s NPV depends on the total amount of cash flows the project produces, but because the cash flows are discounted at the WACC, it does not matter if the cash flows occur early or late in the project’s life.

 

    The NPV and IRR methods may give different recommendations regarding which of two mutually exclusive projects should be accepted, but they always give the same recommendation regarding the acceptability of a normal, independent project.

2 points  

 16

 

Which of the following statements is CORRECT?

Answer

 

    Since depreciation is not a cash expense, and since cash flows and not accounting income are the relevant input, depreciation plays no role in capital budgeting.

 

    Under current laws and regulations, corporations must use straight-line depreciation for all assets whose lives are 3 years or longer.

 

    If firms use accelerated depreciation, they will write off assets slower than they would under straight-line depreciation, and as a result projects’ forecasted NPVs are normally lower than they would be if straight-line depreciation were required for tax purposes.

 

    If they use accelerated depreciation, firms can write off assets faster than they could under straight-line depreciation, and as a result projects’ forecasted NPVs are normally lower than they would be if straight-line depreciation were required for tax purposes.

 

    If they use accelerated depreciation, firms can write off assets faster than they could under straight-line depreciation, and as a result projects’ forecasted NPVs are normally higher than they would be if straight-line depreciation were required for tax purposes.

2 points  

 17

 

Which of the following statements is CORRECT?

Answer

 

    An externality is a situation where a project would have an adverse effect on some other part of the firm’s overall operations.  If the project would have a favorable effect on other operations, then this is not

an externality.

 

    An example of an externality is a situation where a bank opens a new office, and that new office causes deposits in the bank’s other offices to increase.

 

    The NPV method automatically deals correctly with externalities, even if the externalities are not specifically identified, but the IRR method does not.  This is another reason to favor the NPV.

 

    Both the NPV and IRR methods deal correctly with externalities, even if the externalities are not specifically identified.  However, the payback method does not.

 

    Identifying an externality can never lead to an increase in the calculated NPV.

2 points  

 18

  Which of the following procedures does the text say is used most frequently by businesses when they do capital budgeting analyses?

 

 19

 

Which of the following statements is CORRECT?

Answer

 

    An example of a sunk cost is the cost associated with restoring the site of a strip mine once the ore has been depleted.

 

    Sunk costs must be considered if the IRR method is used but not if the firm relies on the NPV method.

 

    A good example of a sunk cost is a situation where a bank opens a new office, and that new office leads to a decline in deposits of the bank’s other offices.

 

    A good example of a sunk cost is money that a banking corporation spent last year to investigate the site for a new office, then expensed that cost for tax purposes, and now is deciding whether to go forward with the project.

 

    If sunk costs are considered and reflected in a project’s cash flows, then the project’s calculated NPV will be higher than it otherwise would be.

2 points  

 20

 

Suppose Tapley Inc. uses a WACC of 8% for below-average risk projects, 10% for average-risk projects, and 12% for above-average risk projects.  Which of the following independent projects should Tapley accept, assuming that the company uses the NPV method when choosing projects?

Answer

 

    Project A, which has average risk and an IRR = 9%.

 

    Project B, which has below-average risk and an IRR = 8.5%.

 

    Project C, which has above-average risk and an IRR = 11%.

 

    Without information about the projects’ NPVs we cannot determine which project(s) should be accepted.

 

    All of these projects should be accepted.

2 points  

 21

 

Which of the following factors should be included in the cash flows used to estimate a project’s NPV?

A

 22

  Which of the following statements is CORRECT?

Answer

 

    Sensitivity analysis is a good way to measure market risk because it explicitly takes into account diversification effects.

 

    One advantage of sensitivity analysis relative to scenario analysis is that it explicitly takes into account the probability of specific effects occurring, whereas scenario analysis cannot account for probabilities.

 

    Well-diversified stockholders do not need to consider market risk when determining required rates of return.

 

    Market risk is important, but it does not have a direct effect on stock prices because it only affects beta.

 

    Simulation analysis is a computerized version of scenario analysis where input variables are selected randomly on the basis of their probability distributions.

 

  Currently, Powell Products has a beta of 1.0, and its sales and profits are positively correlated with the overall economy.  The company estimates that a proposed new project would have a higher standard deviation and coefficient of variation than an average company project.  Also, the new project’s sales would be countercyclical in the sense that they would be high when the overall economy is down and low when the overall economy is strong.  On the basis of this information, which of the following statements is CORRECT?

 

  Which of the following statements is CORRECT?

Answer

 

    Since depreciation is a cash expense, the faster an asset is depreciated, the lower the projected NPV from investing in the asset.

 

    Under current laws and regulations, corporations must use straight-line depreciation for all assets whose lives are 5 years or longer.

 

    Corporations must use the same depreciation method for both stockholder reporting and tax purposes.

 

    Using accelerated depreciation rather than straight line normally has the effect of speeding

up cash flows and thus increasing a project’s forecasted NPV.

 

    Using accelerated depreciation rather than straight line normally has no effect on a project’s total projected cash flows nor would it affect the timing of those cash flows or the resulting NPV of the project.

2 points

 

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Business Model and Strategic Plan Part I: Conceptualizing a New Product or Service Division of an Existing Business

Write a 1,400- to 1,750-word paper in which you explain the importance of innovation in your selected business’s vision, mission, and values, and determine your business model for this new division. Include the following:

 Propose a new product or service for the new company division. The division should be customer-focused with an innovative mission statement. Ensure that you are differentiating your product or service.

 Describe how the division addresses customer needs and achieves competitive advantage.

 Create a vision and a business model for this new division that clearly demonstrates your decision on what you want your business to become in the future.

 Explain how the vision, mission, and value of the new division align with the company’s mission and vision.

 Summarize how the vision, mission, and values guide the division’s strategic direction.

 Define your guiding principles and values for your division in the context of culture, social responsibility, and ethics.

Format your paper consistent with APA guidelines.

 

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GB519 Measurement and Decision Making

GB519 Measurement and Decision Making
Exercise 14-56 Page 629
Exercise 14-56
Boron Chemical Company produces a synthetic resin that is used in the automotive
industry. The company uses a standard cost system. For each gallon of output, the
following direct manufacturing costs are anticipated:
Direct labor:
2 hours
Direct Materials: 2 gallons

$25/hr
$10/gal

=$50.00
=$20.00

During December of 2010, Boron produced a total of 2,500 gallons of output and
incurred the following direct manufacturing costs:
Direct labor:
4,900 hours worked @ an average wage rate of $19.50/hr
Direct Materials: Purchased: 6,000 [email protected] $10.45/gal
Used in production: 5,100 gallons
Boron recordes price variances for materials at the time of purchase
Required – give journal entries for the following events and transactions:
1. Purchase, on credit, of direct materials
Actual Cost
6,000 @ $10.45/gal
Standard Cost 6,000 @ $10.00/gal
6000 gallons @ $10 a gallon = $60,000
Price Variance
$2,700
Accounts Payable $62,700
Open account recording will state that direct materials = 6,000 gallons
at $10.00 per gallon wil equal $10.45
2. Direct materials issued to production.
Actual Cost
5,100 gallons
Standard Cost 5,000 gallons (2 per unit) @ $10.00/gallon
2,500 x 2 gallons x $10.00 per gallon = $50,000
Variance
$1,000
Materials $5,100 gallons x $10.00/gallon = $51,000
Materials cost is $20/unit for full production of the period at 2,500 units
3. Direct labor cost of units completed this period.
Actual Cost
4,900 hours @ $19.50/hr
Standard Cost 5,000 hours (2hrs/unit) @ $25.00/hr
2,500 x 2 hours x $25.00/hr = $125,000
Variance = $5.50/hr x 4,900 hours
= $26,950
Efficiency Variance = 100 hrs x $25.00/hr = $2,500
Wages (4,900 hrs x $19.50/hr
= $95,550
Direct Labor cost s ($50/unit) for the completed production (2,500 units)
and the actual labor costs during the period
4. Direct manufacturing cost (direct labor plus direct materials)
of units completed and transferred to Finished Goods Inventory
Actual Cost
2,500 units
Standard Cost 2,500 units @ $10×2+$25×2 = $70.00
Inventory
$70.00/unit x 2,000 units
= $175,000
Direct manufacturing costs are recorded using cost of goods
manufactured for the period.
5. Sale, for $150.00 per gallon, of 2,000 gallons of output (hint:
you will need two journal entries here)
Actual Cost
2000 gallons
Standard Cost 2000 gallons @ $70.00/unit
$70 x 2,000 units = $140,000
Inventory
= $140,000
Direct manufacturing cost of cost of good sold for the period.
Accounts Receivable = $150/unit x 2,000 units
= $300,000
Sales Revenue = $300,000
Sales revenue is recorded using accounts receivable.

Dana Revier
GB519 Measurement and Decision Making
Problem 15-58 Page 690
Problem 15-58
Four Variance Analysis
Able Control Company, which manufactures electrical switches, uses
a standard cost system and carries all inventory and standard cost.
The standard factory overhead cost per switch is based on direct
labor hours
Variable Overhead
5 hours
$8.00/hr
Fixed Overhead
5 hours
$12.00/hr
Total standard overhead cost per unit produced
$100.00
**based on practical capacity of 300,000 direct labor hours per month
The following information is for the month of October:
– The company produced 56,000 switches, although 60,000 switches
were scheduled to be produced
– The company worked 275,000 direct labor hours ata total cost of
$2,550,000
– Variable overhead costs were $2,340,000
– Fixed overhead costs were $3,750,000
The production manager argued during th elast performance review tha the company
should use more up-to-date base for charging factory overhead costs to production.
She commented that her factory had been highly automated in the last two years
and as a result now has hardly any direction labor. The factory hires only highly
skilled workers to set up productionruns and to do periodic adjustments of
machinery whenever the need arises
Required
1. Compute the following for Able Control Company:
a. The fixed overhead spending variance for October

 

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