Question 1
Select 3 (Walmart, Costco, Dollar General) of your target company?s(Target) competitors from the Value Line Industry list and use an average of their (PPS/FCFPS) ratios to estimate your target company?s PPS. Use TTM data for your ratios. Explain and illustrate how you would estimate your target company?s PPS using the average ratio from the 3 competitors and your target firm?s most recent TTM FCFPS. Illustrate how the 3 competitors compare to your target company in terms of size (e.g. total assets, sales, market cap), past and future growth (e.g. past 5 years and next 5 years) and market risk. Based on this comparison, decide the appropriate weights to attach to each of the 3 competitors? ratios. The idea here is to assign more weight to those competitors who are more similar to your firm. In other words, make a reasoned recommendation as to what you think is the best representative ratio to use and defend your recommendation. Apply your recommended ratio to your firm?s denominator measure (TTM) to estimate your firm?s PPS. Compare the latter estimate with the actual closing PPS on the first trading day after the latest quarterly income statement was filed with the SEC,I need excel spreadsheet for showing my work, and graphs. two pages essay, one page spreadsheet, and one page graph. Can you do it for me?,PPS is Price Per Share and FCGPS is Free Cash Flow Per Share,Please answer me as soon as possible. I should know you can do or not because if you cannot do it, I have to start to work this first. Please answer me what you can do.,Excuse me. I am so sorry to bother you but I really need to know. I should get this assignment till 9 o'clock. Can you to it for me?,I am sorry to bother you again. I am confused because I think you are in different area from me. I need to get my assignment till 9, but it is 9:42 now. So, please answer me as soon as possible what I should to do. Thanks.,Dear. Rachel. This is a third e-mail about my writing assignment. I have waited for 2 hours. I am working on other assignment, but if you cannot do it, I have to start it because due time is passed. Please answer me. It is really important for me.
Question 2
QUESTION 1 1. The standard normal distribution is commonly used to solve organizational problems because it is based upon the area under the normal curve. Develop a data set of 12 sample values from a population and calculate the mean and standard deviation of that sample data set. Once you have done so, develop three questions for your classmates to determine the area under the curve. For example, suppose a data set has a mean of 62 and a standard deviation of 28. One question might be: what is the area under the curve from a value of 50 to a value of 69? Another question might be: what is the area under the curve from a value of 75 to a value of 90? PAGES 2-7 ARE EXAMPLES FOR QUESTION 2 A proper research survey will gather data so that the researcher can apply numbers to them and then calculate the mean, median, and standard deviation. In the survey below, each response has an assigned value. For example, a "strongly disagree" is assigned a value of 1. A "disagree" value would receive a value of 2, and so forth. Thus each question will have a mean, median, and standard deviation. Notice that these are not "yes/no" questions. Yes/no questions do not furnish insight so they are not used in surveys. You could ask questions in class style. This style is particularly good for gathering demographic data. For example: My annual household income is (select one): Employee survey XYZ Widget Company In an effort to continually improve the working environment for employees, XYZ Widget Company is seeking feedback on working hours that may impact the professional and personal lives of our valued employees. Your participation in the survey is completely voluntary and anonymous. Your participation in the survey and the survey results will be kept confidential throughout the survey process. Please respond to each statement below by selecting only one of the choices. When the survey is complete, please fold it in half and place it in the survey box located at the reception desk in the main lobby. Please do not put your name or any other identifying information on the survey form. Thanks for your participation in the survey. RESEARCH QUESTION: Do employees perceive the expectation to work hours longer than those prescribed in their job descriptions? $16,000 - 20,000 $21,000 - 25,000 $26,000 - 30,000 $31,000 - 35,000 $36,000 - 40,000 $41,000- 45,000 When using class questions, be sure that each class is the same interval as the other classes. Also make sure that the classes do not cross one another. 1. I have been in my current position for: 1 2 3 4 5 Less than 1 year One to three years Four to Six years Seven to nine years Ten or more years ? ? ? ? ? ___________________________________________________________________ 2. I consider myself to be: 1 2 3 4 5 A worker A supervisor A manager A director An executive ? ? ? ? ? ___________________________________________________________________ 3. My job description was provided to me when I was hired: 1 2 3 4 5 Strongly Disagree Disagree Neither disagree nor agree Agree Strongly Agree ? ? ? ? ? 4. I am currently performing tasks beyond my job description: 1 2 3 4 5 Strongly Disagree Disagree Neither disagree nor agree Agree Strongly Agree ? ? ? ? ? ___________________________________________________________________ 5. My required working hours were provided to me when I was hired: 1 2 3 4 5 Strongly Disagree Disagree Neither disagree nor agree Agree Strongly Agree ? ? ? ? ? ___________________________________________________________________ 6. I am currently working longer than my required working hours: 1 2 3 4 5 Strongly Disagree Disagree Neither disagree nor agree Agree Strongly Agree ? ? ? ? ? 7. My boss expects me to perform tasks beyond my job description: 1 2 3 4 5 Strongly Disagree Disagree Neither disagree nor agree Agree Strongly Agree ? ? ? ? ? ___________________________________________________________________ 8. My boss expects me to work hours beyond my required working hours: 1 2 3 4 5 Strongly Disagree Disagree Neither disagree nor agree Agree Strongly Agree ? ? ? ? ? ___________________________________________________________________ 9. The company provides me with the proper equipment to complete my work during the working hours described in my job description: 1 2 3 4 5 Strongly Disagree Disagree Neither disagree nor agree Agree Strongly Agree ? ? ? ? ? 10. I am properly compensated for working beyond my required working hours: 1 2 3 4 5 Strongly Disagree Disagree Neither disagree nor agree Agree Strongly Agree ? ? ? ? ? QUESTION 2 2. After reviewing the example survey questions posted, develop your own set of 5 to 7 survey questions you would use to gather information about a problem in your organization. Your questions should have a blend of questions that would result in nominal level, ordinal level, interval level, and ratio level data.
Question 3
Problem 12.5A Recording adjustments and completing the worksheet. LO 1, 2, 3, 4 Healthy Habits Foods Company is a distributor of nutritious snack foods such as granola bars. On December 31, 2013, the firm?s general ledger contained the accounts and balances that follow. Accounts and Balances Cash $ 30,100 Dr. Accounts Receivable 35,200 Dr. Allowance for Doubtful Accounts 420 Cr. Merchandise Inventory 86,000 Dr. Supplies 10,400 Dr. Prepaid Insurance 5,400 Dr. Office Equipment 8,300 Dr. Accum. Depreciation?Office Equipment 2,650 Cr. Warehouse Equipment 28,000 Dr. Accum. Depreciation?Warehouse Equipment 9,600 Cr. Notes Payable?Bank 32,000 Cr. Accounts Payable 12,200 Cr. Interest Payable Social Security Tax Payable 1,680 Cr. Medicare Tax Payable 388 Cr. Federal Unemployment Tax Payable State Unemployment Tax Payable Salaries Payable Phillip Tucker, Capital 108,684 Cr. Phillip Tucker, Drawing 56,000 Dr. Sales 653,778 Cr. Sales Returns and Allowances 10,000 Dr. Purchases 350,000 Dr. Purchases Returns and Allowances 9,200 Cr. Income Summary Rent Expense 36,000 Dr. Telephone Expense 2,200 Dr. Salaries Expense 160,000 Dr. Payroll Taxes Expense 13,000 Dr. Supplies Expense Insurance Expense Depreciation Expense?Office Equip. Depreciation Expense?Warehouse Equip. Uncollectible Accounts Expense Interest Expense ADJUSTMENTS a.?b. Merchandise inventory on December 31, 2013, is $78,000. c. During 2013, the firm had net credit sales of $560,000; past experience indicates that 0.5 percent of these sales should result in uncollectible accounts. d. On December 31, 2013, an inventory of supplies showed that items costing $1,180 were on hand. e. On May 1, 2013, the firm purchased a one-year insurance policy for $5,400. f. On January 2, 2011, the firm purchased office equipment for $8,300. At that time, the equipment was estimated to have a useful life of six years and a salvage value of $350. g. On January 2, 2011, the firm purchased warehouse equipment for $28,000. At that time, the equipment was estimated to have a useful life of five years and a salvage value of $4,000. h. On November 1, 2013, the firm issued a four-month, 12 percent note for $32,000. i. On December 31, 2013, the firm owed salaries of $5,000 that will not be paid until 2014. j. On December 31, 2013, the firm owed the employer?s social security tax (assume 6.2 percent) and Medicare tax (assume 1.45 percent) on the entire $5,000 of accrued wages. k. On December 31, 2013, the firm owed the federal unemployment tax (assume 0.8 percent) and the state unemployment tax (assume 5.4 percent) on the entire $5,000 of accrued wages. 3. Complete the worksheet. (Leave no cells blank - be certain to enter "0" wherever required. Round your intermediate and final answers to 2 decimal places. Omit the "$" sign in your response.) Healthy Habits Foods Company Worksheet Year Ended December 31, 2013 Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Name Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash $ $ $ $ $ $ $ $ $ $ Accounts Receivable Allowance for Doubtful Accounts Merchandise Inventory Supplies Prepaid Insurance Office Equipment Accumulated Depr.?Office Equipment Warehouse Equipment Accumulated Depr.?Warehouse Equipment Notes Payable?Bank Accounts Payable Interest Payable Social Security Tax Payable Medicare Tax Payable Federal Unemployment Tax Payable State Unemployment Tax Payable Salaries Payable Phillip Tucker, Capital Phillip Tucker, Drawing Sales Sales Returns and Allowances Purchases Purchases Returns and Allowance Income Summary Rent Expenses Telephone Expense Salaries Expense Payroll Taxes Expense Supplies Expense Insurance Expense Depr. Expense?Office Equipment Depr. Expense?Warehouse Equipment Uncollectible Accounts Expense Interest Expense
Question 4
. (TCO 10) Not all pricing methods apply to the market place. In manufacturing it is common practice to determine the cost of a product as it moves through it transformation to a finished product. (1) Explain why a negotiated transfer price is required (10 points) and (2) provide an example of the application of a negotiated transfer price (10 points). (Points : 20) 2. (TCO 11) Terry LeMay is unclear as to the difference between the balance sheet of a merchandising company and a manufacturing company. (1) Describe and provide an example of a balance sheet of a merchandising company and (2) compare to an example of a balance sheet of a manufacturing company (10 points). (Points : 20) 3. (TCO 3) Internal Control Procedures are required to safeguard company assets and to ensure ethical operation of the business. (1) Explain how adequate records can satisfy the purpose of internal control (10 points) and (2) provide an example of how this control could be implemented (10 points). (Points : 20) 4. (TCO 7) To promote better management control of business centers financial responsibilities are assigned to managers. There are three basic types of responsibility centers. (1) Explain how a investment center operates (10 points) and (2) provide an example of its application in business. (10 points). (Points : 20) 5. (TCO 1) To evaluate the financial operation and health of a business ratio analysis is used. (1) Provide the formula for Working Capital and explain how it is computed (10 points) and (2) provide an example of how this ratio can be used in decision making in business (10 points). (Points : 20) The essay questions below required detailed answers. Read each question to understand the requirements. Notice that the questions may require computations and multiple-part answers, and they should include reference to where the answer was located. 1. (TCO 8) Planning for capital investments is an important function of management. You are responsible for considering purchasing a new exhibit. It would cost $136,000 and have an estimated useful life of 5 years. The salvage value is $70,000. It is expected to increase net annual cash flows by $25,000. The borrowing rate is 8%. The cost of capital is 10%. Calculate the net present value of this project. (1) Explain the pros and cons of using this method to evaluate a capital expenditure (10 points) and (2) show all computations required to arrive at the correct solution. (15 points). (Points : 25) 2. (TCO 6) To adequately plan for the success of the business a budget must be developed. (1) Indicate the benefits of budgeting (10 points) and (2) state the essentials of effective budgeting (15 points). Include textbook page references to identify where the correct answer was located. (Points : 25) 3. (TCO 4) Financial statement analysis is used by investors, creditors and managers of business to evaluate the operation and health of the business. This information is in part the basis for decision making. (1) Identify ratios used to evaluate the profitability of a company (10 points) and (2) provide an example of how the results of this analysis could be used to make business decisions. (15 points). (Points : 25) 4. (TCO 2) There are three different forms of business; sole-proprietor, partnership and corporation. (1) Explain why a corporation's separation of ownership and management may be a benefit (10 points) and (2) as a stockholder explain why preemption may be a benefit. (15 points). (Points : 25) 5. (TCO 5) Allgood Inc. has fixed costs of $480,000. It has a unit selling price of $6, unit variable cost of $4.50, and a target net income of $1,500,000. Compute the required sales in units to achieve its target net income. (1) Explain how the analysis is to be performed (10 points) and (2) Show all computations required to arrive at the correct answer. (20 points). (Points : 30) 6. (TCO 9) Barstock Manufacturing incurs costs of $7.50 ($4.50 variable and $3 fixed) in making a sub-assembly part for its finished product. A supplier offers to make 10,000 of the assembly part at $5 per unit. If the order is accepted, Barstock will save all variable costs but no fixed costs. Prepare an analysis showing the total cost saving, if any, Barstock will realize by buying the part. (1) Explain how the analysis is to be performed (10 points) and (2) Show all computations required to arrive at the correct answer. (20 points). (Points : 30)
Question 5
Find an article using an Internet or Kaplan University library search concerning one of the topics addressed in this week?s chapter readings. Week 5 readings In this Unit, we will read the following chapters in Financial Management Theory and Practice : ? Chapter 10 ? The Cost of Capital ? Chapter 11 ? The Basics of Capital Budgeting Brigham, E. F., Ehrhardt, M. C. (2008). Financial management theory and practice. Mason: South-Western Cengage. The purpose of Unit 5 is to learn how the cost of capital is developed for use in capital budgeting. We observe that the cost of capital used is a weighted average of the types of capital the firm uses-- typically debt, preferred stock, and common equity. Unit 5 also describes techniques used in capital budgeting analysis. We learn that NPV, net present value, is the best capital budgeting decision rule used by most firms. The format for the article review including length, references, and layout is discussed on the following pages. To complete the article review, you should research the assigned topic to provide a measure of information about the topic?s significance to the current business climate regarding financial management. References Remember that reference sources must be limited to the:Wall Street Journal, Financial Times, New York Times, Barron?s, Investors? Business Daily, The Economist, or an academic journal article from a respected finance journal. These resources are available in the Kaplan University library. Other sources must be approved prior to submission. A minimum of 2 reference sources are required for editorial balance. APA Format and Length The article review should be a minimum of 500 words and be submitted in APA format. The article review layout is simple. It should consist of the following three headings: 1. Overview/Summary 2. Opinion/Analysis 3. Relevance to Financial Management. I?ll be looking for an executive style overview/summary, with the majority of your article review content in the Opinion/Analysis and Relevance to Financial Management sections. The Overview/Summary section should include a statement of the author?s hypothesis or proposition. This section should be the briefest. The Opinion/Analysis section should demonstrate your critical thinking and analysis of the subject matter. The Relevance to Financial Management section should offer an insight-building summary, recommendations, findings and conclusions.
