Question 1
write 3 short (about 3 pages) essays on topics related to international financial markets and institutions. Each essay must be based on a recent article (September 2011-May 2012) from the financial news. This assignment will also be graded based on substance and clarity. (there are some useful website could get some information, but the assignments are base on the News),Thank you! I'm looking forward!,When I can get those paper? I think today is the due day.,Sorry, I think you got the wrong answer of my question. I said was 3 eassys, and each of them are around 3 pages! thanks,it is not one essays included 3 short news. It's 3 essays! and each of them are need around 3 pages!,You can't do it, I need 3 essays, and each of them need around 3 pages! and each essay need different news.,Can you rewrite it?,sorry, I didn't say it very clearly. I need 3 eassays, each of them should around 2 to 3 pages.essays on topics related to international financial markets and institutions. Each essay must be based on a recent article (September 2011-May 2012) from the financial news.,I need 3 essays, each of them should around 2 to 3 pages,essays on topics related to international financial markets and institutions. Each essay must be based on a recent article (September 2011-May 2012) from the financial news.,I need 3 essays, each of them should around 2 to 3 pages,essays on topics related to international financial markets and institutions. Each essay must be based on a recent article (September 2011-May 2012) from the financial news.,Thank you so much! And sorry again for the confused.,sorry, I don't understand what are you talking about. I already give you the website.,base on the news, you need to write what the news talking about, and how it effect the currencies market, and how the global financial changed through the news happened. how the companies do, and what change in import and export through the currencies changing. it is good for the market or not, and how you think about the current market and global financial,the website that I give you is useful website. also you can find the news from Yahoo Finance, and BBC news. but the news need to related to international financial markets and institutions.,here is the requirement. Please see the attachment.,sorry for the before requirement which is not very clearly. here is what the paper's requirement.,I just send you the attachment of the requirement in the last two messages. Please check it! Please check it!,Here is the attachment of the paper's requirement!Please See it!,Here is the Paper's requriement! Structure of analysis Your analysis should contain the following: 1. How is your selected article related to money and capital markets, financial markets, financial instruments, international markets, and economic policy? 2. What issue or question is your selected article addressing? 3. Why should this issue or question be of interest? 4. Summarize the article. Make sure to state the methods and findings of the article. 5. Make your own assessment of the issue or question. Use principles developed in the course or textbook to support your arguments whenever it is possible. 6. Provide a brief summary of your findings and conclusion. 7. Provide the references. 8. Provide tables/appendix (if necessary) 9. Provide figures/appendix (if necessary) Style and organization--Some basic rules 1. Title page with name. 2. Paper typed, double-spaced, with margin wide enough. 3. Pages numbered. 4. References. 5. Numbers, titles and brief explanations of figures and tables. 6. Footnotes (if applicable). 7. No typos. 8. Watch for grammatical mistakes and incorrect sentence structures. How long should your paper be? Limit each analysis to 3-4 double-spaced typed pages (excluding any tables, figures, bibliography, and title page). Note that a short paper which incorporates a lot of information is much more impressive than a long paper which says very little.,you can't keep saying that"You clearly mention here "write 3 short (about 3 pages) essays". That's why we evaluate your question on the basis of you told."!!!!!!! I sent you the new requriment to you serveral times!!! Please read it!!!!! I need the paper to fit the requriement! Not that only 3 pages paper for all 3 essays! That's Not EssayS!,you will have to read newspapers (The Boston Globe, The New York Times, etc.), magazines (The Economist, Money, Newsweek, Times, etc.), journals (The Wall Street Journal), and/or economic and financial news over the Internet in order to identify the articles for your analysis.,Your analysis should contain the following: 1. How is your selected article related to money and capital markets, financial markets, financial instruments, international markets, and economic policy? 2. What issue or question is your selected article addressing? 3. Why should this issue or question be of interest? 4. Summarize the article. Make sure to state the methods and findings of the article. 5. Make your own assessment of the issue or question. Use principles developed in the course or textbook to support your arguments whenever it is possible. 6. Provide a brief summary of your findings and conclusion. 7. Provide the references. 8. Provide tables/appendix (if necessary) 9. Provide figures/appendix (if necessary) Style and organization--Some basic rules 1. Title page with name. 2. Paper typed, double-spaced, with margin wide enough. 3. Pages numbered. 4. References. 5. Numbers, titles and brief explanations of figures and tables. 6. Footnotes (if applicable). 7. No typos. 8. Watch for grammatical mistakes and incorrect sentence structures. How long should your paper be? Limit each analysis to 3-4 double-spaced typed pages (excluding any tables, figures, bibliography, and title page). Note that a short paper which incorporates a lot of information is much more impressive than a long paper which says very little,you need to find three articles from news! In each essay, you need to summarize the article,1. How is your selected article related to money and capital markets, financial markets, financial instruments, international markets, and economic policy? 2. What issue or question is your selected article addressing? 3. Why should this issue or question be of interest? 4. Summarize the article. Make sure to state the methods and findings of the article. 5. Make your own assessment of the issue or question. Use principles developed in the course or textbook to support your arguments whenever it is possible. 6. Provide a brief summary of your findings and conclusion. 7. Provide the references. 8. Provide tables/appendix (if necessary) 9. Provide figures/appendix (if necessary),the topics you choose is not a article! Please find three articles from news, and write them in the each essay base on the requrinment! Thanks!,Please find three articles from news, and each of them need to fit the following questions: 1. How is your selected article related to money and capital markets, financial markets, financial instruments, international markets, and economic policy? 2. What issue or question is your selected article addressing? 3. Why should this issue or question be of interest? 4. Summarize the article. Make sure to state the methods and findings of the article. 5. Make your own assessment of the issue or question. Use principles developed in the course or textbook to support your arguments whenever it is possible. 6. Provide a brief summary of your findings and conclusion. 7. Provide the references. 8. Provide tables/appendix (if necessary) 9. Provide figures/appendix (if necessary),Find articles from newspapers (The Boston Globe, The New York Times, etc.), magazines (The Economist, Money, Newsweek, Times, etc.), journals (The Wall Street Journal), and/or economic and financial news over the Internet in order to identify the articles for your analysis,1. http://www.nytimes.com/2012/05/11/business/global/china-trade-growth-slumps-in-april.html?ref=business 2. http://www.nytimes.com/2012/05/10/business/global/in-spain-grupo-acss-high-debt-reflects-countrys-finances.html?ref=business 3. http://www.nytimes.com/2012/05/11/business/economy/us-jobless-claims-are-about-flat.html?ref=business You can see these three articles in The New York Times,describe each article in each essay, summarized them in the essay, and write it to fit the requriment, Please!
Question 2
1. A researcher believes that the average size of farms in the U.S. has increased from the 2002 mean of 471 acres. She took a sample of 23 farms in 2011 to test her belief and found a sample mean of 498.8 acres and a sample standard deviation of 46.9 acres. At a 5% level of significance, test the researcher's claim. What is your conclusion? 2. A study by Hewitt Associates showed that 79% of companies offer employees flexible scheduling. Suppose a researcher believes that in accounting firms this figure is lower. The researcher randomly selects 415 accounting firms and determines that 310 of these firms have flexible scheduling. At a 1% level of significance, does your test show enough evidence to conclude that a significantly lower percentage of accounting firms offer employees flexible scheduling? What is the p-value for this test? 3. The American Lighting Company developed a new light bulb that it believes will last at least 700 hours on average. A test is to be conducted using a random sample of 100 bulbs, and a 5% level of significance. Assume that the population standard deviation is 15 hours. What are the consequences of making a type II error? What is the probability of making a Type II error if the true population mean is 695 hours?
Question 3
william's basis in the WAM partnership interest was $100,000 just before he received a proportionate liquidating distribution consisting of investment land (basis of $30,000. fair market value $40,000), and inventory (basis $30,000, fair market value $70,000). After the distribution, William's recognized gain or loss and his basis in the land and inventory are: a. $40,000 loss; $30,000 (land); $30,000 (inventory) b. $10,000 gain; $40,000 (land); $70,000 (inventory) c. $0 gain or loss; $30,000 (land); $70,000 (inventory) d. $0 gain or loss; $70,000 (land); $30,000 (inventory) e. None of the above barry owns a 25% interest in a continuing partnership. the partnership distributes a $20,000 year-end cash bonus to all the partners. in a proportionate nonliquidating distribution, the partnership also distributed property (basis of $2,000; fair market value of $3,000) to barry. Immediately before the distribution, Barry's basis in the partnership interest was $30,000. As a result of the distribution, Barry recognizes: a. No gain or loss b. Ordinary loss of $7,000 c. Capital loss of $7,000 d. Ordinary loss of $8,000 e. Capital loss of $8,000 At the beginning of the year, Elsie's basis in the E&G Partnership interest is $60,000. She receives a proportionate nonliquidating distribution from the partnership consisting of $10,000 of cash, unrealized accounts receivable (basis of $0, fair market value $30,000), and inventory (basis of $10,000; fair market value of $20,000). After the distribution, Elsie's bases in the accounts receivable, and partnership interest are: a. $0; $10,000; and $40,000 b. $0; $20,000; and $30,000 c. $30,000; $10,000; and $10,000 d. $30,000; $20,000; and $0 e. None of the above Marcie is a 40% partner in the MAP Partnership. During the current tax year, the partnership reported ordinary income of $140,000 before payment of guaranteed payments and distributions to partners. The partnership made an ordinary cash distribution of $10,000 to Marcie, and paid guaranteed payments to partners Marcie, Alice, and Pat of $20,000 each ($60,000 total). How much will Marcie???s adjusted gross income increase as a result of the above items? a. $32,000 b. $52,000 c. $56,000 d. $76,000 e. None of the above
Question 4
ORNE Corporation plans to raise $2 million to pay off its existing short-term bank loan of $600,000 and to increase total assets by $1,400,000. The bank loan bears an interest rate of 10 percent. The company's president owns 57.5% percent of the 1,000,000 shares of common stock and wishes to maintain control of the company. The company's tax rate is 30 percent. Balance sheet information is shown below. The company is considering two alternatives to raise the $2 million: (1) sell common stock at $10 per share, or (2) Sell bonds at a 10 percent coupon, each $1,000 bond carrying 50 warrants to buy common stock at $15 per share. Current Balance Sheet Current Liabilities $900,000 Common Stock, Par $1 1,000,000 Retained earnings 700,000 Total Assets $2,600,000 Total claims $2,600,000 a. Show the new balance sheet under both alternatives. For Alternatives 2, show the balance sheet after exercise of the warrants. b. Calculate the president's ownership position for both alternatives. He doesn't buy any of the additional shares. c. Calculate earnings per share for both alternatives, assuming that EBIT is 10 percent of total assets. d. Calculate the debt ratio under both alternatives. e. Which alternative do you recommend and why?
Question 5
Complete common size financial statements (Balance Sheet, Statement of Income, Statement of Changes in Shareholders Equity, and Statement of Cash Flows for the data below for 2009, 2008 & 2007 Travelers Consolidated Statement of Income (in millions, except per share amounts) 2009 2008 2007 Revenues Premiums.............................................$21,418 $21,579 $21,470 Net investment income..................................2,776 2,792 3,761 Fee income...............................................306 390 508 Net realized investment gains (losses)....................17 (415) 154 Other revenues...........................................163 131 124 Total revenues........................................24,680 24,477 26,017 Claims and expenses Claims and claim adjustment expenses..................12,408 12,993 12,397 Amortization of deferred acquisition costs.............3,813 3,880 3,706 General and administrative expenses....................3,366 3,518 3,352 Interest expense.........................................382 370 346 Total claims & expenses...............................19,969 20,761 19,801 Income before income taxes.............................4,711 3,716 6,216 Income tax expense.....................................1,089 792 1,615 Net income.............................................3,622 2,924 4,601 Net income per share Basic...................................................6.38 4.87 7.00 Diluted.................................................6.33 4.81 6.85 Weighted average number of common shares outstanding Basic.................................................563.20 595.90 652.00 Diluted...............................................568.60 604.30 668.60 Net Realized Investment Gains (Losses) Other-than-temporary impairment losses: Total losses...........................................(323) (420) (70) Portion of losses recognized in accumulated other changes in equity from nonowner sources...........................65 - - Other than temporary impairment losses....................(258) (420) (70) Other net realized investment gains........................275 5 224 Net realized investment gains (losses).....................$17 $(415) $154 Complete common size financial statements for the data below for 2009, 2008 & 2007 Travelers Consolidated Balance Sheet (in millions) 2009 2008 Assets Fixed maturities, available for sale at fair value (including $90 and $8 subject to securities lending) (amortized cost $63,311 and $61,569.......$65,847 $61,275 Equity securities, at fair value (cost $373 and $461)................451 379 Real estate..........................................................865 827 Short-term securities...............................................4,852 5,222 Other investments...................................................2,950 3,035 Total investments..................................................74,965 70,738 Cash..................................................................255 350 Investment income accrued.............................................825 823 Premiums receivable.................................................5,471 5,835 Reinsurance recoverables...........................................12,816 14,232 Ceded unearned premiums...............................................916 941 Deferred acquisition costs..........................................1,758 1,774 Deferred tax asset....................................................672 1,965 Contractholder receivables..........................................5,797 6,350 Goodwill............................................................3,365 3,366 Other intangible assets...............................................588 688 Other assets........................................................2,132 2,570 Total assets...................................................$109,560 $109,632 Liabilities Claims and claim adjustment expense reserves...................$53,127 $54,723 Unearned premium reserves.......................................10,861 10,957 Contractholder payables..........................................5,797 6,350 Payables for reinsurance premiums..................................546 528 Debt.............................................................6,527 6,181 Other liabilities................................................5,287 5,574 Total liabilities...............................................82,145 84,313 Shareholders equity Preferred Stock Savings Plan - convertible preferred stock (0.2 and 0.3 shares issued and outstanding).........................79 89 Common stock (1,748.6 shares authorized; 520.3 and 585.1 shares issued and outstanding)........................................................19,593 19,242 Retained earnings...................................................16,315 13,314 Accumulated other changes in equity from nonowner sources............1,219 (900) Treasury stock, at cost (199.6 and 128.8 shares)...................(9,791)(6,426) Total shareholders equity..........................................27,415 25,319 Travelers Consolidated Statement of Changes in Shareholders Equity (millions) 2009 2008 2007 Convertible preferred stock -savings plan Balance, beginning of year...................................$89 $112 $129 Redemptions during year.....................................(10) (23) (17) Balance, end of year.........................................79 89 112 Common stock Balance, beginning of year...............................19,242 18,990 18,530 Employee share-based compensation...........................210 114 260 Compensation amortization under share-based plans & other changes.....................................................141 138 164 Conversion of convertible notes............................. - - 36 Balance, end of year.....................................19,593 19,242 18,990 Retained earnings Balance, beginning of year...............................13,314 11,110 7,253 Cumulative effect of adoption of updated accounting guidance at April 1, 2009 (see note 1).......................71 - - Net income................................................3,622 2,924 4,601 Dividends.................................................(696) (715) (742) Other........................................................4 (5) (2) Balance, end of year....................................16,315 13,214 11,110 Accumulated other changes in equity from nonowner sources, net of tax Balance, beginning of year...............................(900) 670 452 Cumulative effect of adoption of updated accounting guidance at April 1, 2009 (see note 1)....................(71) - - Change in net unrealized gain (loss) on investment securities: Having no credit losses recognized in the consolidated statement of income.................................................1,945 (764) 167 Having credit losses recognized in the consolidated statement of income.........................................131 - - Net change in benefit plan assets and obligations recognized in equity...................................................(88) (405) (50) Net change in unrealized foreign currency translation and other changes................................................202 (401) 101 Balance, end of year.......................................1,219 (900) 670 Treasury stock (at cost) Balance beginning of year................................ (6,426) (4,266) (1,229) Treasury shares acquired-share repurchase authorization...(3,300) (2,122) (2,947) Net shares acquired related to employee share-based compensation plans...........................................(65) (38) (90) Balance, end of year....................................(9,791) (6,426) (4,266) Total common shareholders' equity........................27,336 25,230 26,504 Total shareholders' equity..............................$27,415 $25,319 $26,616 Common shares outstanding Balance, beginning of year................................585.1 627.80 678.3 Treasury shares acquired - share repurchase authorization(69.4) (45.0) (56.0) Net shares issued under employee share-based compensation plans.......................................................4.6 2.3 4.8 Shares issued pursuant to conversion of convertible notes....- - 0.7 Balance, end of year........................................520.3 585.1 627.8 Summary of changes in equity from nonowner sources Net income..................................................$3,622 $2,924 $4,601 Other changes in equity from nonowner sources................2,190 (1,570) 218 Total changes in equity from nonowner sources................5,812 1,354 4,819 Travelers Statement of Cash Flows (in millions) For year ended December 31 2009 2008 2007 Cash Flow from operating activities Net Income............................................$3,622 $2,924 $4,601 Adjustments to reconcile net income to net cash provided by operating activities: Net realized investment (gains) losses..................(17) 415 (154) Depreciation and amortization............................797 821 811 Deferred federal income tax expense (benefit)............213 (58) 230 Amoritization of deferred acquisition costs............3,813 3,880 3,706 Equity in (income) loss from other investments...........126 312 (570) Premiums receivable......................................364 285 (4) Reinsurance recoverables...............................1,416 1,209 2,172 Deferred acquisition costs............................(3,797) 3,845) (3,925) Claims and claim adjustment expense reserves..........(1,596)(2,033) (1,410) Unearned premium reserves.............................(96) (270) 103 Other.................................................(614) (502) (274) Net cash provided by operating activities.............4,231 3,138 5,286 Cash flows from investing activities. Proceeds from maturities of fixed maturities..........5,316 4,869 5,305 Proceeds from investments: Fixed maturities......................................2,805 6,932 7,323 Equity securities...............................................65 53 106 Real estate..............................................- 25 11 Other investments........................................511 655 1,460 Purchases of investments: Fixed maturities.....................................(9,647) (11,127) (14,719) Equity securities.......................................(24) (95) (135) Real estate.............................................(15) (38) (74) Other investments.......................................(349) (667) (740) Net sales (purchases) of short-term securities...........370 (406) (562) Securities transactions in course of settlement..........395 (318) (123) Other....................................................(326) (45) (378) Net cash used in investing activities....................(899) (162) (2,526) Cash flows from financing acativities Payment of debt..........................................(143) (552) (1,956) Issuance of debt..........................................494 496 2,461 Dividends paid to shareholders............................(693) (715) (742) Issuance of common stock-employee share options............180 89 218 Treasury stock acquired -share repurchase authorization (3,259) (2,167) (2,920) Treasury stock acquired - net employee share-based compensation................................................(29) (29) (39) Excess tax benefits from share-based payment arrangements....8 10 25 Net cash used in financing activities.....................(3,442) (2,868) (2,953) Effect of exchange rate changes on cash.......................15 (29) 5 Net increase (decrease) in cash..............................(95) 79 188) Cash at beginning of period.................................. 350 271 459 Cash at end of period.........................................255 350 271 Supplemental disclosure of cash flow information Income taxes paid..............................................876 841 1,346 Interest paid..................................................385 375 357,I have difficulty copying and pasting the document into a word file. Can you re-submit the file in word? Thanks
