Question 1
"1. Bank of America business plan for 3 years. This project plan should include all key elements such as revenue; cost of operation by department or operating unit; marketing costs; administrative and general expenses; repairs and maintenance costs; energy costs; and anything else specific and critical to calculating accurate financial projections. See Budget and income statement attached for Bank of America." See attachment for examples.,Please examples attached for this question,""1. Bank of America business plan for 3 years. This project plan should include all key elements such as revenue; cost of operation by department or operating unit; marketing costs; administrative and general expenses; repairs and maintenance costs; energy costs; and anything else specific and critical to calculating accurate financial projections. See Budget and income statement attached for Bank of America." See attachment for examples." I attached two examples of how the assignment was done using different company. In this case we will use Bank of America as the company and its statement.,The Assignment For an existing business, obtain detailed financial operating statements for a minimum of three years?and preferably, five years. For a new business, project detailed financial operating data necessary to prepare a 12 month Proforma P&L Statement. For either type of project plan, this information should include all key elements such as revenue; cost of operation by department or operating unit; marketing costs; administrative and general expenses; repairs and maintenance costs; energy costs; and anything else specific and critical to calculating accurate financial projections. Be sure to calculate expenses levied against the operation as a whole, including major deductions from operating income like General and Administrative; Marketing; Energy; and overall Repairs and Maintenance costs. Within each of these operating categories, costs are included that are assessed against the business as a whole and not allocated downward to departmental operations. Finally, determine the net operating profit or loss for the business. Provide detailed assumptions to support each line item in your Proforma P&L Statement. This is the question that I divided into three parts. I do hope that this will clarify things.,I appreciate your answer for this question but you have done your paper based on a new company but is should be Bank of America which is an existing company with larger sums of investment in the $Billions. Please make this adjustment.,Everything should be done based on Bank of America which is an existing company. You done the paper based on a new company. Please make corrections.,Is it possible for you to complete this request today before 9 pm.,It is due today.
Question 2
"You are a marketing manager interviewing for a new job at several different firms simultaneously. You expect to be asked the same questions in each interview dealing with what you think are some good new marketing opportunities for each firm to pursue. You know that being well prepared for an interview gives you a better chance of being offered the job, so you decided to study each company where you are interviewing. Pick any 3 firms to research. Based on Internet research on these companies, write a 500?750-word research paper proposing at least 3 marketing opportunities that you would strongly suggest that each firm pursue. In your arguments, include the following: ?Describe your reasoning for identifying them as worthy of pursuing. ?Categorize each marketing opportunity as low-hanging fruit, home runs, or singles, and discuss why (see definitions in course materials). ?Discuss the risk in pursuing each opportunity. ?Without actually trying to determine each project's ROE, which would you most strongly recommend implementing, and why? ?Explain how the marketing opportunity would reflect upon the firm. Would it have a positive or negative public relations effect on the firm? Would it result in great financial improvements, or only a minor improvement? Firms to Research * Barton, T.L., Shenkir, W.G., & Walker, P.L. (2002). Making enterprise risk management pay off: How leading companies implement risk management. * Haines, S. (2008). The product manager?s desk reference. New York: McGraw Hill. * Hampton, J.J. (2009). Fundamentals of enterprise risk management: How top companies assess risk, manage exposure, and seize opportunity. New York: * McKnight, T.K. (2003). Will it fly? How to know if your new business idea has wings?before you take the leap. * Olson, E.G. (2009). Better green business: Handbook for environmentally responsible and profitable business practices. * Shane, S.A. (2004). Finding fertile ground: Identifying extraordinary opportunities for new ventures
Question 3
Ratio Analysis at S & S Air, Inc. Chris Guthrie was recently hired by S&S Air, Inc., to assist the company with its financial planning and to evaluate the company's performance. Chris graduated from college five years ago with a finance degree. He has been employed in the finance department of a Fortune 500 company since then. S&S Air was founded 10 years ago by friends Mark Sexton and Todd Story. The company has manufactured and sold light airplanes over this period, and the company's products have received high reviews for safety and reliability. The company has a niche market in that it sells primarily to ind~ viduals who own and fly their-own airplanes. The company has two models; the Birdie, which sells for $53,000, and the Eagle, which sells for $78,000. Although the company manufactures aircraft, its operations are different from commercial aircraft companies. S&S Air builds aircraft to order. By using prefabricated parts, the company can complete the manufacture of an airplane in only five weeks. The company also receives a deposit on each order, as well as another partial payment before the order is complete. In contrast, a commercial airplane may take one and one-half to two years to manufacture once the order is placed. Mark and Todd have provided the following financial statements. Chris has gathered the industry ratios for the light airplane manufacturing industry. Income Statement Sales 30,499,420 Cost of goods sold 22,224,580 Other expenses 3,867,500 Depreciation 1,366,680 EBIT 3,040,660 Interest 478,240 Taxable income 2,562,420 Taxes (40%) 1,024,968 Net income 1,537,452 Dividends 560,000 Add to retained earnings 977,452 S&SAIR,INC. 2006 Balance Sheet Assets Current assets Accounts receivable 708,400 Cash $ 441,000 Inventory 1,037,120 Total current assets $ 2,186,520 Fixed assets Net plant and equipment $16,122,400 Total assets $18,308,920 Liabilities and Equity Current liabilities Accounts payable $ 889,000 Notes payable 2,030,000 Total current liabilities $ 2,919,000 Long-term debt $ 5,320,000 Shareholder equity Common stock $ 350,000 Retained earnings 9,719,920 Total equity $10,069,920 Total liabilities and equity $18,308,920 Light Airplane Industry Ratios Lower quartile median Upper quartile Current Ratio .50 1.43 1.89 Quick Ratio .21 .38 .62 Cash Ratio .08 .21 .39 Total Asset Turnover .68 .85 1.38 Inventory Turnover 4.89 6.15 10.89 Receivables turnover 6.27 9.82 14.11 Total Debt Ratio .44 .52 .61 Debt-Equity Ratio .79 1.08 1.56 Equity Multiplier 1.79 2.08 2.56 Times Interest Earned 5.18 8.06 9.83 Cash Coverage Ratio 5.84 8.43 10.27 Profit Margin 4.05% 6.98% 9.87% Return on Assets 6.05% 10.53% 13.21% Return on Equity 9.93% 16.54% 26.15% Questions: 1. Using the financial statements provided for S &S Air, calculate each of the ratios listed in the table for the light aircraft industry. 2. Mark and Todd agree that a ratio analysis can provide a measure of a company?s performance. They have chosen Boeing as an aspirant company. Would you choose Boeing as an aspirant company? Why or Why not? There are other aircraft manufacturers S &S Air could use as aspirant companies. Discuss whether it?s appropriate to use any of the following companies: Bombiardier, Embracer, Cirrus Design Corporation, and Cessna Aircraft Company. 3. Compare the performance of S & S Air to the industry. For each Ratio comment why it might be viewed as positive or negative relative to the industry. Suppose you create an inventory ratio calculated as inventory divided by current liabilities. How do you think S & S Air?s ratio would compare to the industry average.
Question 4
Problem 10.6A Amortization of a Bond Discount and Premium L.O. 5, 6 On September 1, 2011, Park Rapids Lumber Company issued $80 million in 20-year, 10 percent bonds payable. Interest is payable semiannually on March 1 and September 1. Bond discounts and premiums are amortized at each interest payment date and at year-end. The company's fiscal year ends at December 31. a.1 Prepare the necessary adjusting entries at December 31, 2011, and the journal entry to record the payment of bond interest on March 1, 2012, under the bonds were issued at 98 (Do not round intermediate calculations and round your final answers to nearest dollar amount. Omit the "$" sign in your response): Date General Journal Debit Credit Dec. 31, 2011 (Click to select)InventoryCapital stockNotes payablePremium on bonds payableCashBond interest payableDiscount on bonds payableBond interest expense (Click to select)Premium on bonds payable Bond interest payableDiscount on bonds payableCapital stockInventoryCashNotes payableBond interest expense (Click to select)Premium on bonds payable Bond interest payableInventoryNotes payableCashDiscount on bonds payableBond interest expenseCapital stock Mar. 1, 2012 (Click to select)Notes payableBond interest payablePremium on bonds payableInventoryDiscount on bonds payableCashBond interest expenseCapital stock (Click to select)InventoryDiscount on bonds payableNotes payableCapital stockCashBond interest expensePremium on bonds payableBond interest payable (Click to select)Bond interest expenseBond interest payablePremium on bonds payableDiscount on bonds payableInventoryCapital stockNotes payableCash (Click to select)Bond interest payableCashPremium on bonds payableNotes payableInventoryBond interest expenseDiscount on bonds payableCapital stock -------------------------------------------------------------------------------- a.2 Prepare the necessary adjusting entries at December 31, 2011, and the journal entry to record the payment of bond interest on March 1, 2012, under the bonds were issued at 101 (Do not round intermediate calculations and round your final answers to nearest dollar amount. Omit the "$" sign in your response): Date General Journal Debit Credit Dec. 31, 2011 (Click to select)Bond interest expenseCashBond interest payableInventoryPremium on bonds payableCapital stockNotes payableDiscount on bonds payable (Click to select)Notes payableBond interest payableBond interest expenseInventoryCashDiscount on bonds payableCapital stockPremium on bonds payable (Click to select)InventoryBonds interest expenseDiscount on bond payableCapital stockCashNotes payableBond interest payablePremium on bonds payable Mar. 1, 2012 (Click to select)InventoryBond interest payableNotes payableBond interest expenseDiscount on bonds payablePremium on bonds payableCapital stockCash (Click to select)Notes payableInventoryCashBond interest payablePremium on bonds payableBond interest expenseCapital stockDiscount on bonds payable (Click to select)CashDiscount on bonds payableInventoryNotes payableBond interest expenseBond interest payableCapital stockPremium on bonds payable (Click to select)CashDiscount on bonds payableNotes payablePremium on bonds payableCapital stockInventoryBond interest payableBonds interest expense -------------------------------------------------------------------------------- b. Compute the net bond liability at December 31, 2012, under assumptions 1 and 2 above. (Round intermediate calculations and final answers to the nearest dollar amount. Omit the "$" sign in your response): Net bond liability Bonds Issued at 98 $ Bonds Issued at 101 $
Question 5
I need a financial analysis of the Tootsie Roll Company Completed by Friday at 830 pm. I am posting the directions for the course beneath. The information listed is sufficient enough for the final report. Part 1 of your final report is the "Company Overview" and should contain a section for each item listed below. Note: Be sure to include the section headings! Brief description of the company (one paragraph, briefly summarizing the company?s business) Company history (origin, major developments, etc.) Organization (describe how the company is structured) Main products and services (describe what the company sells; how it makes money) Geographic area of operations (describe where the company sells its products) Recent developments (list recent major news stories, if any) Refer to the Case Study topic lecture on the Week 3: Case Study Development page. Using the information you obtained last week, complete the Part 2, Financial Overview portion of the case study report and submit it as an attachment here. Note that your Financial Overview should contain: A Sales and Income Record, to include sales and net income figures for 2004-2009 and a graph displaying the trends. Comments on the Sales and Income Record. A list of the company?s major expenses for FY 2009 and a pie chart showing the Expense Distribution. Comments on the expense distribution. A list of the company?s major assets for FY 2009 and a pie chart showing the Assets Distribution. Comments on the assets distribution. A list of the company?s major capital accounts for FY 2009 and a pie chart showing the Capital Structure. Comments on the capital structure. Revise your Company Overview file based on your instructor?s feedback when received. Refer to your online sources of information. Download and save the income statement, balance sheet, and statement of cash flows for 2009 for Hershey Foods, Inc. (you will need them next week for comparison to Tootsie Roll). Once you have obtained the data, it would be a good idea to transfer it to an Excel spreadsheet. For Week 5, please turn in the following from Chapter 1 (sixth chapter in the book) of your McGraw-Hill Create Text: Question 1.3, a budget for Wye Industries Question 1.6 (a) and (b) Question 1.7 (a), (b), and (c) Answer the following budgeting questions for Big Bob?s Discount Appliances: Big Bob's Discount Appliances expects sales of $5,000, $5,000, and $10,000 during April, May, and June (big sale in June). To build business, Big Bob lets all customers buy on credit, and all do so. In the past, 50% of Big Bob's sales have been collected during the month of sale, 40% are collected the following month, and 10% the month after that. If this trend continues, what will be Big Bob's total cash collections in the month of June? Big Bob expects to have $100 in cash on hand at the beginning of June, and the company's target cash balance is $100. Net cash flow for June is minus $300. Assuming that Charley borrows to meet short term cash needs and pays back as soon as surplus cash is available, what will be the company's ending cash balance after financing at the end of June? Answer the following budgeting question about the Ma & Pa Kettle?s Chili Company: Ma & Pa Kettle?s Chili Company has begun selling a new chili recipe and they want you to help them with next year?s budgeted financial statements. Using the Ma & Pa Kettle Financial Forecast for 2010, complete Ma & Pa?s forecast and answer the questions which follow. Organize your ratio analysis per the following outline: Liquidity Current ratio Quick ratio Comments on liquidity Asset management Total Asset turnover Average collection period (ACP) Comments on asset management Debt management Debt ratio Times interest earned Comments on debt management Profitability Net profit margin Return on Assets (ROA) Return on Equity (ROE) Extended Du Pont equation Comments on profitability to include your comments on the sources of ROE revealed by the Du Pont equation Market value ratios PE ratio Market to book ratio Comments on the market value ratios PART 3, RATIO ANALYSIS: (1) LIQUIDITY: FY 2008 FY 2009 Current Ratio: Tootsie Roll ____ ____ Hershey ____ ____ Quick Ratio: Tootsie Roll ____ ____ Hershey ____ ____ Comments On Tootsie Roll?s Liquidity: Be sure to include comments! The numbers are meaningless by themselves. Comment on what you see. What story do the numbers tell? (2) ASSET MANAGEMENT FY 2008 FY 2009 Total Asset Turnover: Tootsie Roll ____ ____ Hershey ____ ____ Average Collection Period: Tootsie Roll ____ ____ Hershey ____ ____ Comments On Tootsie Roll?s Asset Management: (3) DEBT MANAGEMENT: FY 2008 FY 2009 Total Debt to Total Assets: Tootsie Roll ____ ____ Hershey ____ ____ Times Interest Earned: Tootsie Roll ____ ____ Hershey ____ ____ Comments On Tootsie Roll?s Debt Management: (4) PROFITABILITY: FY 2008 FY 2009 Net profit Margin: Tootsie Roll ____ ____ Hershey ____ ____ Return on Assets: Tootsie Roll ____ ____ Hershey ____ ____ Return on Equity: Tootsie Roll ____ ____ Hershey ____ ____ Modified Du Pont Equation, FY 2009: Tootsie Hershey Roll Foods Net Profit Margin ____ ____ Total Asset Turnover ____ ____ Equity Multiplier ____ ____ Comments On Tootsie Roll?s Profitability: (5) MARKET VALUE RATIOS: FY 2008 FY 2009 PE Ratio: Tootsie Roll ____ ____ Hershey ____ ____ Market to Book Ratio: Tootsie Roll ____ ____ Hershey ____ ____ Comments On Tootsie Roll?s Market Value Ratios: Use this outline for the Summary and Conclusions portion of your report: Summarize your analysis. Review your comments in the financial analysis section and provide your assessment of the overall status of the firm. Include any recommendations you think are appropriate. List any other recommendations you have for the firm in view of your analysis Use this outline for the Summary and Conclusions portion of your report: Summarize your analysis. Review your comments in the financial analysis section and provide your assessment of the overall status of the firm. Include any recommendations you think are appropriate. List any other recommendations you have for the firm in view of your analysis Your financial analysis report of Tootsie Roll Industries is now complete.
