Question 1
Assignment 1: Annual Report Project on Krispy Kreme Donuts Due Week 8 and worth 240 points The purpose of a corporate annual report is to communicate to stockholders and other interested parties its financial statements. The annual report is a summary of the corporation?s operations over the previous 12-month time period and states the corporation?s plans for the future. Many annual reports are created to resemble a corporate brochure, using lots of pictures, color, charts, and graphs. Despite the fancy look, the main purpose of the report is to provide the year?s financial data, which comes from the corporation?s accounting system. Instructions: The course work envisioned one Written assignment. It needs to be submitted on the class site (the link is provided), and is to be submitted in the Word format (the file needs to have either .doc or .docx extension) and contain at least two references. A standardized performance grading rubric is a tool used to evaluate your written assignments. Review the rubric before submitting this assignment to ensure you have met the performance criteria stated on the rubric ? it is posted on the class site Obtain a current annual report for any U.S. company you are interested in analyzing. You may download it from its Website or from the LRC database called Mergent Online. Each student must choose a different company to analyze; therefore students must receive approval of the selected company from the professor by Week 5 of the class. Write a 2-3 page paper in which you: Identify and explain the main sections of the annual report. Discuss the key factors that influenced the company?s financial performance during the year. Discuss the primary assets held by the company. Explain how management characterizes the internal control environment of the company. Your assignment must: 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. Include a cover page containing the tile of the assignment, the student?s name, the professor?s name, the course title, and the date. State the company name and reporting period on which you will be reporting on the cover page, such as ?Coca-Cola, Fiscal Year 2010? The cover page and the reference page are not included in the required page length. The specific course learning outcomes associated with this assignment are: Identify and explain the fundamental concepts and principles in accounting, the components of the accounting equation, the primary financial accounting equation, and financial statements and reports. Analyze the basic concepts related to accounting information systems. Use technology and information resources to research issues in financial accounting. Write clearly and concisely about financial accounting using proper writing mechanics. Grading for this assignment will be based on answer quality, logic/organization of the paper, and language and writing skills, using the rubric posted under ? Assignments & Rubrics? area.
Question 2
Breadth Area Essay Questions Science/Description General Discussion Questions 1. What science or technology related subject did you explore and which format (film, observation, or interview) did you use for your research? 2. How is your subject related to the Science/Description breadth area? 3. What are the global implications of this subject? 4. Did exploration of this topic challenge any preconceptions or assumptions you hold? 5. Was your understanding of a global scientific or environmental subject or issue broadened or changed? If so, how? 6. Any surprises or special gifts from your exploration? 7. What was the most important thing you learned and would like to share with others? Specific Essay Questions Observation (Site Visit or Observation via the Web) ( Local nature centers, energy companies, environmental industries, research and development centers, science demonstration museums,car dealership for hybrids,et. that address scientific or environmental issues that have a global connection. 1. What science or technology related subject did you explore? 2. What are the global implications of this subject? 3. If applicable, were you able to follow the story/subject in an American news source as well as a foreign one? 4. Did the observation challenge any preconceptions or assumptions you hold? 5. Did the observation broaden your understanding of a topic related to the Science/Description breadth area? Another idea that could be used for any of the four breadth areas is to ?observe? via the web. Choose a news or feature story of global interest or that has global implications in any of the breadth areas. Follow the story in both an American news source as well as a foreign news source. Write an essay comparing key differences in coverage, looking also for subtleties in language, style, and emphasis. Did the observation challenge any preconceptions or assumptions that you hold? How did the observation broaden your understanding in the particular breadth area chosen? Important Reminder: In order for each essay to be evaluated as having met the required criteria, be sure that you have: ? Clearly explained how your experience reflects the specific liberal arts breadth area ? Clearly discussed how your experience relates to living in a global community Failure to adequately address both of these criteria will affect the grade for the essay. It has to be a minimum of 2 pages length and max 3 . Thanks
Question 3
Please kindly help me with this Cost Benefit Analysis Proposal for New Employee. Please provide work in detailed step by step instructions thank you very much. ASAP. Proposal for New Employee Scenario: You are the Senior Supervisor for the Admissions Department of Valleybrook Hospital, a 500-bed hospital full service health care facility. In the past three years, admissions at Valleybrook have increased an average of 15% per year. Up to now, the admissions staff members have filed their own information but increases in admissions, filing is backing up. Observing this, you need to prepare a justification proposal for a part-time filing clerk. Use the information below, Figure 16-9 and Table 16- 2 to calculate a Cost Benefit Analysis (CBA). Prepare the proposal using the CBA template including thorough justification and the CBA you have configured. Facts: ? Currently have 5 full-time admissions clerks at $12 per hour or $12, 544.00 monthly cost (including $1344 fringe costs). The admissions clerks are so busy with admissions and paperwork related to admittance that they do not have adequate time to file all their paperwork. ? Part-time filing clerk needed at 20 hours (no fringe) at $10 per hour ? Increase in admissions has increased revenue an average of $300,000 monthly. With expenses factored in, there is a profit for Valleybrook of approximately $100,000 monthly. ? Profit configured conservatively at 5% increase, Valleybrook would still realize a clear profit of approximately $30,000 monthly. Option 1: Existing admissions clerks can work overtime. Each clerk will work 3 hours overtime each week. Option 2: Hire a part-time filing clerk. Figure 16-9 (Sample job analysis form) Position Title: Health Information Secretary Department: Health Information Services Supervisor: Manager, Health Information Services Current Supervisor?s name: Kathy Castlerock General Job Objectives: ? Acts as department receptionist and first telephone contact. ? Processes daily work schedules ? Demonstrates effective relationships with co-workers, patient, public, physicians, administration and outside agencies. Essential Job Duties: (List all task required to perform the routine functions required for the position.) Example: ? Greets visitors to the department. ? Routes incoming phone calls and takes messages when intended party is unavailable. Meets Standards of Performance By: (Example) ? (For Greeting Visitors) Receiving no complains in the performance period concerning discourteous service. Exceeds Standards of Performance By: (Example) (For Greeting Visitors) Receiving compliments by visitors, co-workers, or physicians on helpfulness and courteous service. Table 16-2 STRUCTURE AND ELEMENTS OF THE JOB DESCRIPTION Element: Required Purpose Date: Date it was created and most recently revised Author/responsible manager: Establish accountability and source to refer any questions. Organizational level/unit: (dept, Places the job within the organizational structure. Division, office, etc). Job grade or classification Ranks the job?s level and importance for compensation purposes Supervisory Identifies immediate supervisory and employees Relationships supervised (if any) Job Status Exempt or non-exempt from overtime and other FLSA requirements. Job summary Concise description of the basic purpose and function of the job. Essential Functions Major task and responsibilities of this position; Estimated time and distribution, essentials functions must be identified for ADA compliance. Job Specifications Qualification in terms of education, experience, skills, knowledge, certification, etc., needed to perform the essential job responsibilities. Working conditions Physical and psychological demands of the work environment. Any unusually challenging aspect should be addressed, such as handling hazardous materials, need to maintain strict confidentiality. CBA TEMPLATE Cost Benefit Analysis for New Hire Valleybrook Hospital Request for new employee to begin ________________________________________________ Department ___________________________________________________________________ Position Title __________________________________________________________________ New employee would report to ___________________________________________________ ___ Full time ___ Part time If PT, would employee receive benefits? ____ Yes ____ No ___ Hourly (if hourly, specify amount per hour $______) OR ____ Salary (if salary, specify monthly $ _______) A) Justification for new employee: B) Description of new employment duties: C) Add below any cost benefit analysis (calculations) of adding this new employee compared to current conditions (you may insert a table here if you wish): D) Other comments:,Please send the answers as soon as possible before the deadline in detailed steps and information. Thank you.,Are you able to send me the answers to the questions.
Question 4
"Solve the following, show the steps for the final answer. 1. You have an opportunity to buy a $1,000 bond which matures in 10 years. The bond pays $30 every six months. The current market interest rate is 8%. What is the most you would be willing to pay for this bond? 2. In January, 1998, Harold Black bought 100 shares of Country Homes for $37.50 per share. He sold them in January, 2008 for a total of $9,715.02. Calculate Harold's annual rate of return. 3. Samuel Johnson invested in gold U.S. coins ten years ago, paying $216.53 for one-ounce gold "double eagle" coins. He could sell these coins for $734 today. What was his annual rate of return for this investment? 4. Gary Kiraly wants to buy a new Italian sports car in three years. The vehicle is expected to cost $80,000 at that time. If Gary should be so lucky as to find an investment yielding 12% over that three-year period, how much would he have to invest now in order to accumulate $80,000 at the end of the three years? 5. Mr. Sullivan is borrowing $2 million to expand his business. The loan will be for ten years at 12% and will be repaid in equal quarterly installments. What will the quarterly payments be? 6. Marcia Stubern is planning for her golden years. She will retire in 20 years, at which time she plans to begin withdrawing $60,000 annually. She is expected to live for 20 years following her retirement. Her financial advisor thinks she can earn 9% annually. How much does she need to invest each year to prepare for her financial needs after her retirement? 7. Sara Shouppe has invested $100,000 in an account at her local bank. The bank will pay her a constant amount each year for 6 years, starting one year from today, and the account's balance will be 0 at the end of the sixth year. If the bank has promised Ms. Shouppe a 10% return, how much will they have to pay him each year? 8. The Swell Computer Company has developed a new line of desktop computers. It is estimated that the cash returns generated by the new product line will be $800,000 per year for the next five years, and then $500,000 per year for 3 years after that (the cash returns occur at the end of each year). At a 9% interest rate, what is the present value of these cash returns? 9. Kimberly Ford invested $10,000 10 years ago at 16 percent, compounded quarterly. How much has she accumulated? 10. Sponge Bob will receive a payment of $5,000 per year for 7 years beginning three years from today. At a discount rate of 9 percent, what is the present value of this deferred annuity? 11. Fullerton Company's bonds are currently selling for $1,157.75 per $1000 par-value bond. The bonds have a 10% coupon rate and will mature in 10 years. What is the approximate yield to maturity? 12. Madison Corporation has a $1000 par value bond outstanding paying annual interest of 7%. The bond matures in 20 years. If the present yield to maturity for this bond is 9%, calculate the current price of the bond using annual compounding. Use annual analysis. 13. Washington Corporation has a $1000 par value bond outstanding paying annual interest of 8%. The bond matures in 20 years. If the present yield to maturity for this bond is 10%, calculate the current price of the bond. Use annual analysis 14. The preferred stock of Gapers Inc. pays an annual dividend of $6.50. What is the price of the preferred stock if the required return is: a) 6% b) 8% c) 10% 15. The preferred stock of Lewis-Schultz Enterprises pays an annual dividend of $6.00. What is the required return if the market value of the preferred stock: a) $60 b) $70 c) $80 16. State Street Corp. will pay a dividend on common stock of $4.80 per share at the end of the year. The required return on common stock (Ke) is 13.2%. The firm has a constant growth rate of 7.2%. Compute the current price of the stock (Po). 17. Simon Fixtures Corp. is expected to pay $2.00 per share in dividends at the end of the next 12 months. The growth rate in dividends is expected to be constant at 8% per year. If the stock is selling for $50 per share, what is the required rate of return? " - Sent to Business Expert Tutor on 12/14/2010 at 8:39am You asked: " Solve the following, show how you reach the final answer. 1. You have an opportunity to buy a $1,000 bond which matures in 10 years. The bond pays $30 every six months. The current market interest rate is 8%. What is the most you would be willing to pay for this bond? 2. In January, 1998, Harold Black bought 100 shares of Country Homes for $37.50 per share. He sold them in January, 2008 for a total of $9,715.02. Calculate Harold's annual rate of return. 3. Samuel Johnson invested in gold U.S. coins ten years ago, paying $216.53 for one-ounce gold "double eagle" coins. He could sell these coins for $734 today. What was his annual rate of return for this investment? 4. Gary Kiraly wants to buy a new Italian sports car in three years. The vehicle is expected to cost $80,000 at that time. If Gary should be so lucky as to find an investment yielding 12% over that three-year period, how much would he have to invest now in order to accumulate $80,000 at the end of the three years? 5. Mr. Sullivan is borrowing $2 million to expand his business. The loan will be for ten years at 12% and will be repaid in equal quarterly installments. What will the quarterly payments be? 6. Marcia Stubern is planning for her golden years. She will retire in 20 years, at which time she plans to begin withdrawing $60,000 annually. She is expected to live for 20 years following her retirement. Her financial advisor thinks she can earn 9% annually. How much does she need to invest each year to prepare for her financial needs after her retirement? 7. Sara Shouppe has invested $100,000 in an account at her local bank. The bank will pay her a constant amount each year for 6 years, starting one year from today, and the account's balance will be 0 at the end of the sixth year. If the bank has promised Ms. Shouppe a 10% return, how much will they have to pay him each year? 8. The Swell Computer Company has developed a new line of desktop computers. It is estimated that the cash returns generated by the new product line will be $800,000 per year for the next five years, and then $500,000 per year for 3 years after that (the cash returns occur at the end of each year). At a 9% interest rate, what is the present value of these cash returns? 9. Kimberly Ford invested $10,000 10 years ago at 16 percent, compounded quarterly. How much has she accumulated? 10. Sponge Bob will receive a payment of $5,000 per year for 7 years beginning three years from today. At a discount rate of 9 percent, what is the present value of this deferred annuity? 11. Fullerton Company's bonds are currently selling for $1,157.75 per $1000 par-value bond. The bonds have a 10% coupon rate and will mature in 10 years. What is the approximate yield to maturity? 12. Madison Corporation has a $1000 par value bond outstanding paying annual interest of 7%. The bond matures in 20 years. If the present yield to maturity for this bond is 9%, calculate the current price of the bond using annual compounding. Use annual analysis. 13. Washington Corporation has a $1000 par value bond outstanding paying annual interest of 8%. The bond matures in 20 years. If the present yield to maturity for this bond is 10%, calculate the current price of the bond. Use annual analysis 14. The preferred stock of Gapers Inc. pays an annual dividend of $6.50. What is the price of the preferred stock if the required return is: a) 6% b) 8% c) 10% 15. The preferred stock of Lewis-Schultz Enterprises pays an annual dividend of $6.00. What is the required return if the market value of the preferred stock: a) $60 b) $70 c) $80 16. State Street Corp. will pay a dividend on common stock of $4.80 per share at the end of the year. The required return on common stock (Ke) is 13.2%. The firm has a constant growth rate of 7.2%. Compute the current price of the stock (Po). 17. Simon Fixtures Corp. is expected to pay $2.00 per share in dividends at the end of the next 12 months. The growth rate in dividends is expected to be constant at 8% per year. If the stock is selling for $50 per share, what is the required rate of return? " - Sent to Business Expert Tutor on 12/14/2010 at 8:51am,i need to work these out in detail. by hand once the answers are complete,Michael, i need this by 9 am tomorrow 20Dec11, if thats ok. Sorry about the mistake.
Question 5
Generally accepted accounting principles (GAAP) allow companies wide latitude in the choice of accounting policies. After a firm chooses a set of accounting policies, current accounting rules permit changes from one alternative policy to another at the discretion of the management. Since reported accounting figures are widely used by a number of external parties, managers of firms have incentives to choose accounting policies in order to influence the behavior of these parties. A variety of managerial motives for accounting policy decisions have been identified in the accounting literature. The Harnischfeger case is designed to encourage you to explore these motives. Harnischfeger Corporation, a large New York Stock Exchange company, faced a financial crisis in 1982. New management was appointed to turn the company around. As part of its restructuring strategy, the new management team made a number of financial reporting policy changes in fiscal 1984. Together, these changes accounted for most of Harnischfeger's reported 1984 profits. More significantly, these changes represented a substantial switch from the company's earlier conservative reporting philosophy to a more aggressive one. The case describes the company's financial crisis, the turnaround strategy of the new management team, and the accounting policy changes that took place in 1984. Assigned Case Questions: 1. Identify all the accounting policy changes and accounting estimates that Harnischfeger made during 1984. Estimate, as accurately as possible, the effect of these changes on the company's 1984 reported profits. 2. What do you think are the motives of Harnischfeger's management in making the changes in its financial reporting policies? Do you think investors will see through these changes? 3. Assess the company's future prospects given your insights from questions (1) and (2) and the information in the case on the company's turnaround strategy.
