Question 1
Task Type: Individual Project Deliverable Length: Word document of 700?1,000 words with attached Excel Spreadsheet showing calculations Weekly tasks or assignments (Individual or Group Projects) will be due by Monday, and late submissions will be assigned a late penalty in accordance with the late penalty policy found in the syllabus. NOTE: All submission posting times are based on midnight Central Time. After engaging in a dialogue with your colleagues on valuation, you will now be given an opportunity to apply principles that were presented in this phase. Using a Web site that provides current stock and bond pricing and yield information, complete and analyze the tables illustrated below. Your mentor suggests using a Web site similar to this one. To fill out the first table, you will need to select 3 bonds with maturities between 10 and 20 years with bond ratings of "A to AAA," "B to BBB" and "C to CC" (you may want to use bond screener at the Web site linked above). All of these bonds will have these values (future values) of $1,000. You will need to use a coupon rate of the bond times the face value to calculate the annual coupon payment. You should subtract the maturity date from the current year to determine the time to maturity. The Web site should provide you with the yield to maturity and the current quote for the bond. (Be sure to multiply the bond quote by 10 to get the current market value.) You will then need to indicate whether the bond is currently trading at a discount, premium, or par. Bond Company/ Rating Face Value (FV) Coupon Rate Annual Payment (PMT) Time-to Maturity (NPER) Yield-to-Maturity (RATE) Market Value (Quote) Discount, Premium, Par A-Rated $1,000 B-Rated $1,000 C-Rated $1,000 Explain the relationship observed between ratings and yield to maturity. Explain why the coupon rate and the yield to maturity determine why the bonds would trade at a discount, premium, or par. Based on the material you learn in this Phase, what would you expect to happen to the yield to maturity and market value of the bonds if the time to maturity was increased or decreased by 5 years? In this step, you have been asked to visit a credible Web site that provides detailed information on publicly traded stocks and select 1 that has at least a 5-year history of paying dividends and 2 of its closest competitors. To fill up the first table, you will need to gather information needed to calculate the required rate of return for each of the 3 stocks. You will need the risk-free rate that you used in Phase 3, the market return is calculated in Phase 1, and the beta that you should be able to find on the Web site. Company 5-year Risk-Free Rate of Return Beta (?) 5-Year Return on Top 500 Stocks Required Rate of Return (CAPM) To complete the next table, you will need the most recent dividends paid over the past year for each stock, expected growth rate for the stocks, and the required rate of return you calculated in the previous table. You will also need to compare your results with the current value of each stock and determine whether the model suggests that they are over- or underpriced. Company Current Dividend Projected Growth Rate (next year) Required Rate of Return (CAPM) Estimated Stock Price (Gordon Model) Current Stock Price Over/Under Priced In the third table, you will be using the price to earnings ratio (P/E) along with the average expected earnings per share provided by the Web site. You will also need to compare your results with the current value of each stock to determine whether or not the model suggests that the stocks are over- or underpriced. Company Estimated Earning (next year) P/E Ratio Estimated Stock Price (P/E) Current Stock Price Over/Under Priced After completing the 3 tables, explain your findings and why your calculations coincide with the principles related to bonds that were presented in the Phase. Be sure to address the following: Explain the relationship observed between the required rate of return, growth rate and the dividend paid, and the estimated value of the stock using the Gordon Model. Explain the value and weaknesses of the Gordon model. Explain the how the price-to-earnings model is used to estimate the value of the stocks. Explain which of the 2 models seemed to be the most accurate in estimating the value of the stocks. Based on the material that you learn in this Phase, what would you expect to happen to the value of the stock if the growth rate, dividends, required rate of return, or the estimated earnings per share were to increase or decrease? Be sure to explain each case separately. Note: You can find information about the top 500 stocks at this Web site. References S&P 500 index chart. (2014). Retrieved from the Yahoo! Finance Web site: http://finance.yahoo.com/echarts?s=%5egspc+interactive#symbol=^gspc;range=1y;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=; Yahoo! Finance. (n.d.). Retrieved from http://finance.yahoo.com/ Be sure to document your paper with in-text citations, credible sources, and a list of references used in proper APA format. Please submit your assignment.
Question 2
I've asked this question already... and paid $30 for it. I did not get a sufficient answer to the question, because I did not provide the appropriate link. I've included the link below. Can you please provide an answer to this question? Or refund my $30? Thank you! NetSuite Dashboards Select one industry and explore 3 roles. For each role describe the financial and non-financial performance measures found on the dashboard. Select one of the roles that you explored. Select one of the financial and non-financial performance measures found on the dashboard. Describe how the role and related measure would fit within the universal EPM framework below. So, for example, if you were the service manager for an exterminator, and a key indicator on your dashboard was ?return visits?. Back into the corporate objectives, understanding the business, discuss some of the value drivers, identify measures (like those on the dashboard), talk about how to motivate employees for value creation, discuss possible reward (if return trips decreases), etc. I?m simply looking to see how you would manage a measure. establish corporate strategic objectives determine key value drivers identify related success measures provide all levels with access to information provide incentives to generate value include frontline in the operational decision-making processes measure success reward success reevaluate plans and measures in a continuous cycle of improvement http://www.netsuite.com/portal/resource/interactive_dash_main.shtml;jsessionid=0a0107431f433774c8779a7a4c79b2c495ca2bf9f674.e3eTaxiPc3mTe34Pa38Ta38NaNz0?gclid=CNqEltmSjpcCFQsMGgod12Dz8Q
Question 3
On January 1, 2012, Jasmine made a $50,000 interest-free loan to her son, Jason, who used the money to retire a mortgage on his personal residence. Jason's only sources of income were a salary of $75,000 and $1,500 interest income on a savings account. The relevant federal interest rate was 6%. Based on the above information, for 2012: (Points : 5) Jason is not required to recognize the interest income from the bank account. Jasmine must recognize $3,000 interest income from the loan. Jasmine must recognize $1,500 interest income from the loan. Jasmine must recognize $3,045 interest income from the loan. Jasmine recognizes no imputed interest income from the loan. In January, Charlie sold stock with a cost basis of $40,000 to his brother Allen for $30,000, the fair market value of the stock on the date of sale. Five months later, Allen sold the same stock through his broker for $45,000. What is the tax effect of these transactions? (Points : 5) Disallowed loss to Allen of $10,000; recognized gain to Charlie of $5,000 Disallowed loss to Charlie of $10,000; recognized gain to Allen of $15,000 Deductible loss to Charlie of $10,000; recognized gain to Allen of $15,000 Disallowed loss to Charlie of $10,000; recognized gain to Allen of $5,000 None of the above During the year, Clara took a trip from Chicago to Rome. She was away from home for 20 days. She spent 6 days vacationing and 14 days on business (including the 3 travel days). Her expenses are as follows: Airfare $1,600 Lodging (20 days x $70) $1,400 Meals (20 days x $120) $2,400 Valet service (cleaning of laundry) $160 Chris's deduction is: (Points : 5) $3,100. $4,360. $5,080. $5,560. None of the above
Question 4
1.In the month of June, Paula's Beauty Salon gave 3,800 haircuts, shampoos, and permanents at an average price of $32. During the month, fixed costs were $17,664 and variable costs were 77% of sales. . Determine the contribution margin in dollars, per unit, and as a ratio. (Round contribution margin per unit to 2 decimal places, e.g. 10.50, and the other answers to 0 decimal places, e.g. 125.) . Using the contribution margin technique, compute the break-even point in dollars and in units. (Round answers to 0 decimal places, e.g. 125.) 2. Tiger Golf Accessories sells golf shoes, gloves, and a laser-guided range-finder that measures distance. Shown below are unit cost and sales data. Pairs of Shoes: Unit sales price: $110 Unit variable costs $70 Unit contribution margin $40 Sales mix 30%, Pairs of Cloves: Unit Sales price $30 Unit variable costs $10 Unit contribution margin $20 Sale mix 40% Range finder: Unit sales price $260 Unit variable costs $190 Unit contribution margin $70 Sales mix 30% Fixed costs are $773,260. . Compute the break-even point in units for the company. (Round computation for weighted-average contribution margin to 2 decimal places, e.g. 10.50, and final answer to 0 decimal places, e.g. 125.) . Determine the number of units to be sold at the break-even point for each product line. (Round answers to 0 decimal places, e.g. 125.)
Question 5
Assignment: ? Assignment #3 ? California Clinics (due no later than February 9) California Clinics, an investor-owned chain of ambulatory care clinics, just paid a dividend of $2 per share. The firm?s dividend is expected to grow at a constant rate of 5% per year, and investors require a 15 % rate of return on the stock. You are to write a 3-5 page report that answers the following: 1. What is the stock?s value? 2. Suppose the riskiness of the stock decreases, which causes the required rate of return to fall to 13%. Under these conditions, what is the stock?s value? 3. Return to the original 15% required rate of return and assume a dividend growth rate estimate increase to 7% per year, what is the stock value? 4. Explain how each of the four (4) fundamental factors that affect the supply and demand for investment capital, and hence, interest rates, (namely productive opportunities, time preferences for consumption, risk, and inflation) affects the cost of money. 5. Why is risk aversion so important to financial decision making? 6. Explain the three (3) techniques for solving time value problems. The format of the report is to be as follows: o Typed, double spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format. o Type the question followed by your answer to the question. o In addition to the 3-5 pages required, a title page is to be included. The title page is to contain the title of the assignment, your name, the instructor?s name, the course title, and the date. NOTE: You will be graded on the quality of your answers, the logic/organization of the report, your language skills, and your writing skills. The assignment will be graded using the following rubric: Outcomes Assessed ? Develop a competence in making financial decisions using net present value, pertinent financial ratios, and break-even analysis. ? Describe the overall planning process and the key components of the financial plan. ? Explain why time value analysis is so important to health care financial management. ? Evaluate the financial statements and the financial position of health care institutions. ? Use technology and information resources to research issues in health financial management. Grading Rubric for Assignment #3 - California Clinics Criteria 0 Unacceptable 20 Developing 30 Competent 40 Exemplary 1. Calculate a stock?s value at a constant growth rate of 5% and 15% required rate of return. Did not attempt or calculated stock?s value at required rates with less than 70% accuracy and little of the appropriate information was identified. Calculated stock?s value at required rates with 70 to 79% accuracy and some of the appropriate information was identified. Calculated stock?s value at required rates with 80 to 89% accuracy and most of the appropriate information was identified. Calculated stock?s value at required rates with 90 to 100% accuracy and all appropriate information was identified. 2. Calculate a stock?s value at a constant growth rate of 5% and 13% required rate of return. Did not attempt or calculated stock?s value at required rates with less than 70% accuracy and little of the appropriate information was identified. Calculated stock?s value at required rates with 70 to 79% accuracy and some of the appropriate information was identified. Calculated stock?s value at required rates with 80 to 89% accuracy and most of the appropriate information was identified. Calculated stock?s value at required rates with 90 to 100% accuracy and all appropriate information was identified. 3. Calculate a stock?s value at a constant growth rate of 7% and 15% required rate of return. Did not attempt or calculated stock?s value at required rates with less than 70% accuracy and little of the appropriate information was identified. Calculated stock?s value at required rates with 70 to 79% accuracy and some of the appropriate information was identified. Calculated stock?s value at required rates with 80 to 89% accuracy and most of the appropriate information was identified. Calculated stock?s value at required rates with 90 to 100% accuracy and all appropriate information was identified. 4. Explain how each of the four (4) fundamental factors that affect the supply and demand for investment capital, and hence, interest rates, (namely productive opportunities, time preferences for consumption, risk, and inflation) affects the cost of money. Did not attempt or explained the fundamental factors that affect the supply and demand for investment capital, and hence, interest rates, (namely productive opportunities, time preferences for consumption, risk, and inflation) affects the cost of money with less than 70% accuracy and completeness; omitted major points and/or included irrelevant points Explained some of the fundamental factors that affect the supply and demand for investment capital, and hence, interest rates, (namely productive opportunities, time preferences for consumption, risk, and inflation) affects the cost of money with 70 to 79% accuracy and completeness Explained most of the fundamental factors that affect the supply and demand for investment capital, and hence, interest rates, (namely productive opportunities, time preferences for consumption, risk, and inflation) affects the cost of money with 80 to 89% accuracy and completeness Explained all four (4) fundamental factors that affect the supply and demand for investment capital, and hence, interest rates, (namely productive opportunities, time preferences for consumption, risk, and inflation) affects the cost of money with 90-100% accuracy and completeness 5. Explain why risk aversion is so important to financial decision making Did not attempt or explained reasons risk aversion is important to financial decision making with less than 70% accuracy and completeness Explained some reasons risk aversion is important to financial decision making with 70 to 79% accuracy and completeness Explained most reasons risk aversion is important to financial decision making with 80 to 89% accuracy and completeness Explained all key reasons risk aversion is important to financial decision making with 90-100% accuracy and completeness 6. Explain the three (3) techniques for solving time value problems. Did not attempt or explained three (3) techniques for solving time value problems with less than 70% accuracy and completeness; omitted major points and/or included irrelevant points Explained some of three (3) techniques for solving time value problems with 70 to 79% accuracy and completeness Explained most of three (3) techniques for solving time value problems with 80 to 89% accuracy and completeness Explained all three (3) techniques for solving time value problems with 90-100% accuracy and completeness 7. Clarity Did not complete the assignment or explanations are unclear and not organized. (Major issues) Explanations generally unclear and not well organized. (Many issues) Explanations generally clear and/or organized. (Minor issues) Explanations very clear and well organized. (Added helpful details.) 8. Writing ? Grammar, sentence structure, paragraph structure, spelling, punctuation, APA usage. Did not complete the assignment or had 8 or more different errors in grammar, sentence structure, paragraph structure, spelling, punctuation or APA usage. (Major issues) Had 6 - 7 different errors in grammar, sentence structure, paragraph structure, spelling, punctuation or APA usage. (Many issues) Had 4 - 5 different errors in grammar, sentence structure, paragraph structure, spelling, punctuation or APA usage. (Minor issues) Had 0 - 3 different errors in grammar, sentence structure, paragraph structure, spelling, punctuation or APA usage.,RACHEL I NEED, NEED REFERENCES. My previous papers I have lost a total of 60 points because of lack of references and unanswered questions. THIS IS AN IMPORTANT PART OF THE PAPER.
