Question 1
Please read the instructions very carefully and follow everything that is says. It is VERY important that you follow every single direction that is given. The length of the assignment cannot be specified. As long as all of the questions are fully and clearly answered it is fine. The only question that requires specific length is question 6. The details are included in the attachment. The last time I sent you the assignment you said the charge will be $60. Thanks.,Dear Tutor, The project is worth 50 points. If I get over 46 of the 50 points I will be glad to give you an additional $20 as a thank you.,Dear Tutor, My assignment was due 10/3/2011 at 12pm,The due date that appears in the due date as 9/3/2012 is WRONG. The due date was supposed to be 10/3/2011. Can you please finish my assignment by 10/5/2011. Please let me know as soon as possible.,Dear Tutor, In the directions it says include a copy of all the financial statements and related investment footnotes. In the attachement this information is missing. In addition, question 6 should be longer. The two paragraphs are small. Please do the necessary changes and send me an assignment that will contain all of the requirements described in the directions. Thanks.,Also in question 5 the answer is incomplet. For example, it asks what information is provided by the disclosure and there is no answer to it. Please go over every question because the answers must be detailed and not general. Thanks.,The financial statements, the footnotes and the answers to the questions must be in the same document. Please go over everything I stated above and resubmit a complete project ready to hand in. The assignment must be turned in. Please complete it as soon as possible. Thanks,Dear Tutor, I HAVE REQUESTED CHANGES IN THE PROJECT YOU HAVE SENT ME. NOT ONLY YOU DIDN'T DO THE CHANGES BUT THE ATTACHMENT YOU HAVE SENT ME HAS ABSOLUTELY NOTHING TO DO WITH MY ASSIGNMENT. PROBABLY YOU HAVE SENT ME SOMEBODY'S ELSE. I WRITE IN CAPITAL LETTERS BECAUSE IT SEEMS YOU DON'T PAY ATTENTION TO WHAT I REQUEST. ONCE AGAIN THE ANSWERS ARE INCOMPLETE. I WILL NOT REPEAT THE SAME THING. YOU HAVE ALL OF THE DIRECTIONS. I MADE IT VERY CLEAR IN THE BEGINNING THAT YOU SHOULD FOLLOW THE DIRECTIONS VERY CAREFULLY. ONCE AGAIN, THE SUPPOSEDLY REVISED ATTACHMENT THAT YOU HAVE SENT ME HAS NOTHING TO DO WITH MY ASSIGNMENT. I THOUGHT I WOULD RECEIVE HELP BUT I AM VERY DISAPPOINTED. I DON'T KNOW WHAT ELSE TO SAY.,Also I need to know where you found the 10k report you have sent me since the one in Edgar is different than the one you sent.,Dear Tutor, You have said that my assignment needs more time and attention. You have sent me a revised version but I am still not satisfied. I won't get into details because I repeat myself. If you wonder what needs to be changed read the instructions again and answer fully and properly the questions and please try not to make grammar errors. If you go over the assignment you will realize that some sentences don't make sense...for example "The investments are specified as comparative balance sheet are" or "The shareholder?s equity section shows unrealized gain on available for sale securities as net CHAIN in unrealized gain from available for sale secuTities as $102". You are the expert and I trusted you my assignment. I will provide you with more time as you requested. You have time until October 2, 2011, 3pm. Please go over all of the questions and fully answer them. This is a project for an advanced class not a simple homework. Thanks.,The correct date is October 7 (next Friday), 2011, 3pm,Dear Tutor, I replied at 10/5/2011 at 10:02pm and I told you that although you have sent me a revised version I am not satisfied. Did you read what I wrote in my previous reply? Most likely you didn't because you are sending me the exact same document without any changes. For the last time I will please ask you to go over the directions and fully and properly answer the questions. I don't understand why it is so difficult to communicate with you. I reply but you don't pay attention to my replies. Please provide me with a competent project. Thanks
Question 2
Max 2500 word paper (excluding title page, abstract or reference page) Part I: Consider an individual in your professional life (not necessarily a CEO or formal leader) who either demonstrated the characteristics and behaviors associated with effective leadership or failed to do so. Select an example sufficiently meaningful for you that it caused you to reflect upon your own leadership capacity and goals. Your example must be someone who impacted you personally in your workplace, not a national public or business leader. In making your selection, it is wise to ensure you have sufficient emotional distance to undertake a balanced analysis. Find and effectively incorporate insights and support from at least three current and relevant scholarly journal articles (from our Leading Business, Management & Technology journals list) in addition to the assigned readings. Introduction In one short paragraph explain the purpose of the assignment, the main points you will be making from your analysis of this case example, and the organization for the paper. Context A brief (one paragraph) explanation of the leadership example you will be using and the rationale for your choice. Theoretical Framework In approximately three to four paragraphs summarize the main points gleaned from your readings and research that you will be applying when analyzing your case. Your primary source for the theories and ideas relevant for this assignment are those summarized by Colquitt et al. in Chapters 13 and 14. In other words, this section should summarize what we would expect of any highly effective leader given what we know from research conducted on sources and uses of power, contingency factors, influence tactics, organizational politics, approaches to conflict, leader-member relationships, traits, decision styles, and transformational versus transactional leadership. Application and Analysis Apply the relevant course ideas (introduced in the section above) to your leader example, consistently addressing whether there is verifiable evidence your particular leader example meets or does not meet the characteristics expected of a highly effective leader. Supplementing your analysis with ideas gleaned from your journal research will help strengthen this section. As you undertake your analysis, apply Browne & Keeley's model to ensure you present sound reasons for your choice, avoid use of ambiguous words and phrases (i.e., ensure key terms are well explained), monitor your own assumptions and prevent against potential biases, develop logical arguments free of fallacious reasoning, rely on compelling objective and verifiable evidence, consider alternative perspectives and causes, ensure significant information has not been missed, and verify that the conclusions you have reached are sound and well supported. To serve as a foundation for the next section, conclude with a brief paragraph that summarizes your key findings about the relative effectiveness of your particular leader. Conclusions and Reflections Present a brief summary of your conclusions about effective leadership, including anything you found that was surprising and any important factors that may have limited your ability to undertake a thorough and unbiased analysis of your leader example. Reflect back on what you wrote in week one about your own leadership strengths and areas needing improvement. Consider, as well, the results of the various self-assessments you have completed throughout this course. Discuss the lessons you will take from this research project as a current or future manager/leader. References Present your references in alphabetical order, being sure each one is formatted in compliance with APA standards. Include only those articles that are cited in the body of your paper. Ensure your references qualify as scholarly and that at least three of them are published in the list of leading business and management journals posted in our classroom.
Question 3
Chris Guthrie was recently hired by Kiwi Yachts Ltd to help the company with its financial planning and to evaluate the company?s performance. Chris graduated from university five years ago with a finance degree. He has been employed in the finance department of an S&P/ASX 200 company since then. Kiwi Yachts was founded 10 years ago by friends Mark Kwan and Todd Jovanovich. The company has manufactured and sold large- to medium-sized yachts over this period, and the company?s products have received high reviews for safety, performance and reliability. The company has a niche market in that it sells primarily to individuals who own, sail and race their own yachts. The company has two base models: the Swordfish, which sells for $53?000; and the Shark, which sells for $78?000. While the company manufactures yachts, its operations are different from those of many commercial boating companies. Kiwi Yachts builds yachts to order. By using prefabricated parts, the company is able to complete the manufacture of a yacht 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, other commercial yacht builders may take 18 months 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 boating manufacturing industry: Kiwi Yachts Ltd 2014 Income Statement Sales $24?092?400 Cost of goods sold 17?982?000 Other expenses 2?878?800 Depreciation 786?000 EBIT $?2?445?600 Interest 434?400 Taxable income $?2?011?200 Taxes ?? 804?480 Net income $?1?206?720 Dividends $246?000 Additions to retained earnings 960?720 Kiwi Yachts Ltd 2014 Balance Sheet Assets Liabilities and Equity Current assets Current liabilities Cash $ 438?048 Accounts payable $? 858?816 Accounts receivable 1?841?616 Notes payable 1?735?680 Inventory 1?486?200 ?Total current liabilities $ 2?594?496 Total current assets $ 3?765?864 Fixed assets Long-term debt $ 4?590?000 Net plant and equipment $14?778?816 Shareholder equity Ordinary shares 180?000 Retained earnings 11?180?184 ? ?Total equity $11?360?184 ?Total assets $18?544?680 Total liabilities and equity $18?544?680 Boating Manufacturing Industry Ratios Lower Quartile Median Upper Quartile Current ratio 0.5 1.43 1.89 Quick ratio 0.21 0.38 0.62 Cash ratio 0.08 0.21 0.39 Total asset turnover 0.68 0.85 1.38 Inventory turnover 4.89 6.15 10.89 Receivables turnover 6.27 9.82 14.11 Total debt ratio 0.44 0.52 0.61 Debt?equity ratio 0.79 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% Based on the above information, answer the following questions: ?a) Calculate the following ratios for Kiwi Yachts: current ratio, quick ratio, cash ratio, total asset turnover, inventory turnover, receivables turnover, total debt ratio, debt?equity ratio, equity multiplier, times interest earned, cash coverage ratio, profit margin, return on assets and return on equity. ?b) Compare the performance of Kiwi Yachts to the industry. For each ratio, comment on why it might be viewed as positive or negative relative to the industry.
Question 4
7. Which one of the following cost-flow assumptions provides the lowest inventory value in periods of rising prices? (Points: 4) FIFO periodic LIFO periodic FIFO perpetual moving average 8. What is the effect on net income if a company fails to record a purchase in transit (FOB shipping point) and also fails to include the purchase in physical inventory? (Points: 4) Income is overstated. Income is understated. Income is correct. Not enough information is provided to determine the answer. 9. Which of the following items would not be used in the calculation of the cost-to-retail ratio if the FIFO retail inventory method were used to determine the ending inventory? (Points: 4) net markdowns purchases beginning inventory freight-in charges 10. With the retail inventory method, how is the total beginning inventory value used in the calculation of the cost-to-retail ratio for the current period under the following cost flow assumptions? (Points: 4) Include Include Exclude Include Exclude Exclude Exclude Exclude Exclude Exclude Include Exclude 11. If the net markdowns are excluded from the calculation of the cost-to-retail ratio in the retail inventory method, the ending inventory's valuation is lower because of which of the following effects on the cost-to-retail ratio? (Points: 4) The denominator of the ratio will be lower, which results in a higher cost-to-retail ratio. The denominator of the ratio will be higher, which results in a lower cost-to-retail ratio. The numerator of the ratio will be higher, which results in a higher cost-to-retail ratio. The numerator of the ratio will be lower, which results in a lower cost-to-retail ratio. 12. Debra?s Card Shop uses the average cost retail inventory method to determine the ending inventory. Debra's accounting records for 2010 contained the following information: In addition, sales returns for 2010 were $28,000, and employee discounts taken were $6,000. What is the cost of the ending inventory at December 31, 2010? In addition, sales returns for 2010 were $28,000, and employee discounts taken were $6,000. What is the cost of the ending inventory at December 31, 2010? (Points: 4) $21,000 $35,000 $50,400 $54,600 13. Sherrie?s Shoes uses the FIFO retail inventory method to determine its ending inventory. The accounting records for Sherrie?s Shoes contained the following information: The freight-in charges for the merchandise were $7,500. What is the cost of ending inventory for Sherrie?s Shoes? (Points: 4) $49,280 $55,792 $57,200 $59,400 14. The Beta Company uses the retail inventory method for valuation of its inventory. If an item had a cost of $45, was originally marked to sell at $60, was later priced at $55, and finally was priced at $63, the final price change is a (Points: 4) net markup of $18 markdown of $5 and a markup of $8 net markdown of zero and an additional markup of $3 net markdown of $5 and a net markup of $18 15. Concerning current accounting for oil and gas properties, which statement is true? (Points: 4) The successful-efforts method must be used. The reserve-recognition method must be used. Either the successful-efforts method or the full-cost method may be used. The full-cost method must be used. 16. The costs of drilling an unsuccessful well are expensed under (Points: 4) the successful-efforts method the full-cost method both the successful-efforts method and the full-cost method neither the successful-efforts method nor the full-cost method 17. According to GAAP, interest cost incurred to finance construction of an asset must be capitalized in which of the following situations? (Points: 4) when the asset is inventory that is routinely manufactured in large quantities on a repetitive basis when an asset is used in other than the earning activities of the firm when an asset is ready for its intended use when an asset is being constructed for a firm's own use 18. When exchanging nonmonetary assets (Points: 4) boot must be associated with the transaction in order to recognize a gain or loss recognized gain or loss can occur depending on the fair value of the asset surrendered and the fair value of the asset received a loss can be recognized only when the fair value of the asset received plus boot is greater than the book value of the asset surrendered recognized gain or loss can occur depending on the book value of the asset surrendered and the fair value of the asset surrendered
Question 5
"Conch Republic Electronics is a mid-sized electronics manufacturer located in Key West, Florida. The company president is Shelly Couts, who inherited the company. The company originally repaired radios and other household appliances when it was founded over 70 years ago. Over the years, the company has expanded, and it is now a reputable manufacturer of various specialty electronic items. Jay McCanless, a recent MBA graduate, has been hired by the company in its finance department. One of the major revenue-producing items manufactured by Conch Republic is a Personal Digital Assistant (PDA). Conch Republic currently has one PDA model on the market and sales have been excellent. The PDA is a unique item in that it comes in a variety of tropical colors and is preprogrammed to play Jimmy Buffet music. However, as with any electronic item, technology changes rapidly, and the current PDA has limited features in comparison with newer models. Conch Republic spent $750,000 to develop a prototype for a new PDA that has all the features of the existing one, but adds new features such as cell phone capability. The company has spent a further $200,000 for a marketing study to determine the expected sales figures for the new PDA. Conch Republic can manufacture the new PDA for $155 each in variable costs. Fixed costs for the operation are estimated to run $4.7 million per year. The estimated sales volume is 74,000, 95,000, 125,000, 105,000, and 80,000 per each year for the next five years, respectively. The unit price of the new PDA will be $360. The necessary equipment can be purchased for $21.5 million and will be depreciated on a 7-year MACRS schedule. It is believed the value of the equipment in five years will be $4.1 million. As previously stated. Conch Republic currently manafactured a PDA. Production of the existung model is expexted to be terminated in twoe years. If conch Republic does not introduce the new PDA, sales will be 80,000 unitsand 60,000 units for the next two years respectively. The price of the existing PDA is $290 per unit, with varible costs of $120 each and fixed cost of $1,800,000 per year. If conch Republic does introduce the new PDA, sales of the exisiting PDA will fall by 15,000 units per year, and the price of the existing units will have to be lowered to $255 each. Net working capital for the PDAs will be 20 percent of sales and will occur with the timing of the cash flows for the year (i.e., there is no initial outlay for NWC). Changes in NWC will thus first occur in Year 1 with the first year's sales. Conch Republic has a 35 percent corporate tax rate and a 12 percent required return. Shelly has asked Jay to prepare a report that answers the following questions: 1.What is the payback period of the project? " 2.What is the NPV of the project?
