Question 1
What are the effects of electronic transactions and banking upon the industry and/or monetary policy? Have innovations created greater or less efficiency? What has been the role of the Federal Reserve? Once you have selected your research question, review the materials in the text that can help you get started, and then begin conducting outside research using the online library, the Internet, the Wall Street Journal websites, the Economist, and so forth. From your research, create an annotated bibliography. (An annotated bibliography includes the full reference in APA format and a paragraph explaining the value of the source to your research.) This will help you both in organizing your research, and in generating your reference page at the end of the project. At the end of Week 3 you will submit a Topic Proposal in which you will identify the topic you selected for the Course Project. Within this Topic Proposal, you will also include the annotated bibliography for your sources. You are required to have five to seven outside sources for this project. The Topic Proposal will consist of a one page, typed, and single spaced paper. The final research paper will consist of a 5-6 page typed and double-spaced paper (750-1,500 words) with at least one graphic (such as a graph or table) that is due at the end of Week 7. The paper should include a title page, an introduction stating the purpose of the paper, the text (5-6 pages), graphic(s), a conclusion, and bibliography. The grading rubric is in DocSharing titled FIN364 Course Project Rubric, and it is also presented below. Grading Rubrics Back to Top Final Project: Topic Proposal Category Points % Description Topic Proposal 20 100% Identify the topic for your Final Project paper, and provide a description of the relevancy of this topic to money and banking concepts. Create an annotated bibliography for the outside sources that you will use to complete your Course Project. You are required to have five to seven outside sources for this project. Total 20 100 A quality paper will meet or exceed all of the above requirements. Final Project: Research Paper Category Points % Description Title Page 5 4% Please follow proper APA format for your title page. Introduction 5 4% Describe the money and banking topic that you have selected and identify why it is significant. Present any relevant background or facts that will enable the reader to understand the topic and/or issues in a clear manner. Research Question 10 7% Identify and clearly state the research question. Focus on the primary topic(s) and describe related issues in a clear and concise manner. Topic Research 35 27% Connect the research question and related topics to specific money and banking concepts. Name the topical area (e.g. monetary policy strategies in response to an economic recession). Then complete a synthesis of at least four scholarly, professional studies, or articles that are relevant. Topic Discussion 55 43% Discuss the research question and topic taking into consideration the research that has been conducted. The strength of this section is to apply the concepts from our text, class discussions, and your research. Discuss the ideas and insights that are most valuable in assisting you in understanding the elements of the topic you have selected. The paper will be evaluated on the basis of whether or not the content reflects good research and good analysis. Graphic 5 4% In the body of the paper or within an appendix, at least one graphic is included that is appropriate (e.g. a table, chart, etc.) that helps to illustrate a key concept within the paper. Conclusion/Reflection 10 7% Provide a conclusion and also include a well thought out reflective statement about how this assignment helped in your understanding of money and banking concepts, and how this assignment influenced your personal, academic, and professional development. References 5 4% Provide a conclusion and also include a well thought out reflective statement about how this assignment helped in your understanding of money and banking concepts, and how this assignment influenced your personal, academic, and professional development. Formatting and Grammar Points will be deducted for poor grammar, spelling or writing style. Total 130 100 A quality paper will meet or exceed all of the above requirements. To prepare a quality project, use the follow guide. Start your project as quickly as possible. You should become acquainted with the project instructions during Week 1 of the course and progressively move forward. Please review the objective, guidelines, and milestones above. Your Final Course Project should be well-organized. Be sure to your resources are verifiable and from a credible source. Be sure to follow required APA guidelines and follow rules of academic integrity. A recommended timeline for project development is as follows: Week 1 Get acquainted with project instructions and rubrics. Post any questions under Q&A. Week 2 Finalize topic selection. Review the text for any relevant material and expand research to outside sources. Post any questions under Q&A. Week 3 Complete and submit the Topic Proposal no later than the end of Week 3. Post any questions under Q & A. Week 4 Refine research. Work on the draft of the final paper. Post any questions under Q & A. Week 5 Refine research. Continue working on the draft of the final paper. Post any questions under Q&A. Week 6 Finalize research. Continue working on the draft of the final paper. Post any questions under Q & A. Week 7 Complete and submit the Final Course Project paper no later than the end of Week 7.
Question 2
My 3 free questions for today are: Expected level of sales: Expected Outcome: 135,000 390,000 93,750 ANSWER 618,750 2- Expected Value sharp knife company expects sales next year to be 1,5000,000 if economy is strong if the economy is steady and 500,000 if the econonomy is weak. Mr Sharpe believes there is a 20 percent probablity the economy will be strong, a 50 percent probability of steady economy, and a 30 percent probability of a weak economy. What is the expected level of sales for the next year? 3- External financing Axle Supply Co. expects sales next yeart to be 300,000. Inventory and accounts receivable will increase by 60,000 to accommodate this sales level. The compan has a steady profit margin of 10 percent with a 30 percent dividend payout. Houw much external financing will the firm have to seek? Assume there is no increase in liabilities other thatn that which will occur with the external financing. 5. Level versus leasonal production Antoio Banderos & Scarves makes headwear that is very popular in the full winter season. Units sold are anticipated as: October???.1,000 November?.2,000 December?..4,000 January???3,000 10,000 units If seasonal productions is used, it is assumed that inventory will directly match sales for each month and there will be on inventory buildup. However, Antonio decides to go with level production to avoind being out of merchandise. He will produce the 10,000 items over 4 months at a level of 2,500 per month. a. what is the ending inventory at the end of each month? Compare the unit sales to the units produced and keep a running total. b. If the inventory costs $5 per unit and will be financed at the bank at a cost of 12 percent, what is the monthly financing cost and the total for the four month? Use 1 percent or the monthly rate.
Question 3
1 Financial Statement Analysis Group Project 2 ACCT3303 Fall 2013 The specific purposes of this project are: 1. Apply to actual companies the basic knowledge and analytical techniques learned from our course. 2. Prepare vertical common-size financial statements, horizontal common-size financial statements, and various profitability and risk ratios. 3. Detect the time trend of the firm?s profitability and riskiness, and compare the calculated results with competitors. 4. Summarize/ present the analyses and make investment recommendations. You will be analyzing the following firms: a. Costco Wholesale Corp (ticker: COST). b. Wal-Mart Stores, Inc (ticker: WMT). For these firms, download the most recent annual report to begin your work, including financial statements, footnotes to the financials, and the management discussions and analyses. Alternatively, you may use the 10-K report. You can download the 10-K from the company?s website or the SEC?s website (i.e., EDGAR online http://www.sec.gov/edgar/searchedgar/companysearch.html). Tips: 1. Public companies usually publish annual reports at investor relation web pages. 2. You may search EDGAR by company name or by trading ticker symbol. An advantage of using EDGAR 10-K report is that you may quickly copy those tables into Excel. Use the filter (filing type) to show 10-K filings only. Click the ?document? button and the first htm file will be the 10-K report. 3. Free reference is available at Yahoo finance (http://finance.yahoo.com) or Google finance (http://finance.google.com). Hoover?s is also available (http://www.hoovers.com) for you to browse the company information (other content is for paid users). The required tasks are detailed below: (1) Prepare vertical common-size balance sheets and income statements for both companies. Note: Compute for the most recent THREE years, i.e., 2010, 2011, and 2012. 2 (2) Prepare horizontal common-size income statement and balance sheet (in percentage) for both companies. You should compute for the most recent THREE years. (3) Prepare ratio analyses (for the same THREE year time period) for both companies. At least, you should include the following ratios in your computations: (1) current ratio, (2) acid-test ratio, (3) receivables turnover, (4) inventory turnover, (5) asset turnover, (6) profit margin on sales, (7) rate of return on assets, (8) rate of return on common stock equity, (9) earnings per share, (10) payout ratio, (11) debt to total assets ratio, (12) times interest earned, (13) cash debt coverage ratio, and (14) book value per share. (4) Comment on the analytical results of the two companies. Your comments should concentrate on the trends across the companies. In addition to contrasting the ratios between the companies, you should interpret the numbers and make suggestions as to why the ratio of one company might be higher/lower than the other. (5) Write a conclusive summary on the firms you have studied. Based upon your conclusions, recommend the better performing firm for potential investment. Your conclusions should be based upon, and specifically reference, the analyses prepared in this report. (6) Record a short presentation (about10 minutes) in which you briefly introduce the two companies and their industries, highlight some of your major findings from the above analyses, and conclude with an investment suggestion. Report Format Requirements: A. Report body requirements: 1. Cover page. List the title of the project, your names, and semester/year. 2. Abstract or Executive Summary. This is a separate page. It should cover the purpose of the project, the major findings, and the conclusions/recommendations, in summary form. 3. Table of Contents. 4. Main body. Use the following sequence for report content: a. Introduction to the two companies and to the purpose of the report b. Analytical section. This should include all your numerical analyses. This is where you will discuss the results of, comments on, and conclusions about the vertical and horizontal common-size statements and the ratio analyses for both companies. c. Comparisons of companies and all other analysis (observations and/or interpretations). (You may combine b and c if you wish, as long as both are well covered.) d. Conclusions and recommendation for investment. 3 5. References. List all major reference sources. 6. Appendices. Include tables and graphs of your numerical analyses. For reference convenience, assign a title to each separate item, such as Table 1, Exhibit 1, etc. B. Typesetting requirements: 1. Use size 12 font. Times New Roman is preferred. 2. Single space between lines. 3. Number pages in accordance with the APA style guide. 4. One inch on all sides. 5. Do not right justify text. Use left justify. 6. Minimum length: 8 pages. 7. The submitted work should be in ONE file with a word or pdf format. An Excel spreadsheet file is NOT acceptable. C. Presentation requirements: 1. Group presentation is required. All group members must be heard in the recording. 2. Maintain a good quality of the sound track while keeping the file size small (consider mp3, mp4, Windows Media Player, or Apple format). 3. PowerPoint slides are optional. Evaluation and Plagiarism ? A significant portion of your grade will be assessed based on the overall quality, clarity, format, and cohesiveness of both your paper report and oral presentation. ? Plagiarism will not be tolerated. Evidence of plagiarism will result in a grade of ?F? to the course and be subject to appropriate disciplines. I need the answer to (2) Prepare horizontal common-size income statement and balance sheet (in percentage) for both companies. You should compute for the most recent THREE years.
Question 4
"I need help with this report. This is the second submission. Prepare a report, not to exceed four pages, on the following refunding problem: Complete Problem 20-5, "Bond Refunding Analysis" on page 822 in your textbook. The spreadsheet template that you would use to complete the problem looks like the one on page 811(example furnished) . Write a short memo after completing your calculations on whether the bond should be refunded and why. In addition, the report should indicate how these bond refunding steps could be applied to your chosen company. Include responses to the following questions in your report: 1. Should the company refund the issuance? Provide a substantive rationale as to why the company should or should not proceed with the refunding process. 2. What critical factors should management take into account as it contemplates the refunding decision? 3. Assess how these bond refunding steps could be applied to your chosen company. (20.5) Mullet technologies is considering whether or not to refund a $75 million, 12% coupon, 30-year bond issue that was sold 5 years ago. It is amortizing $5 million of floatation costs on the 12% bonds over the issue?s 30-year life. Mullet?s investment banks have indicated that the company could sell a new 25-year issue at an interest rate of 10% in today?s market. Neither they nor Mullet?s management anticipate that interest rates will fall below 10% any time soon, but there is a chance that rates will increase. A call premium of 12% would be required to retire the old bonds, and floatation costs on the new issue would amount to $5 million. Mullet?s marginal federal-plus-state tax is 40%. The new bonds would be issued I month before the old bonds are called, with the proceeds being invested in short-term government securities returning 6% annually during the interim period. A. Perform a complete bond refunding analysis. What is the bond refunding?s NPV? B. What factures would influence Mullet?s decision to refund now rather than later? ",Has assignment been accepted?
Question 5
Manufacturers Southern leased high-tech electronic equipment from Edison Leasing on January 1, 2011. Edison purchased the equipment from International Machines at a cost of $119,552. (Use Table 6) Related Information: Lease term 2 years (8 quarterly periods) Quarterly rental payments $16,000 at the beginning of each period Economic life of asset 2 years Fair value of asset $119,552 Implicit interest rate 8% (Also lessee?s incremental borrowing rate) Required: Prepare a lease amortization schedule for the term of the lease. Also record the appropriate entries for Manufacturers Southern from the inception of the lease through January 1, 2012. Depreciation is recorded at the end of each fiscal year (December 31) on a straight-line basis. (Round "PV factor" to 5 decimal places. Round your answers to the nearest whole dollar amount. Leave no cells blank - be certain to enter "0" wherever required. Input all amounts as positive values. Omit the "$" sign in your response.) Lease Amortization Schedule Lease Payments Effective Interest Decrease in Balance Outstanding Balance 1 2 3 4 5 6 7 8 Date General Journal Debit Credit Jan.1, 2011 April 1, 2011 July 1, 2011 Oct.1, 2011 Dec.31, 2011 Jan.1, 2012 rev: 01_27_2012 ask your instructor a questioncheck my workeBook Links (2)references ?2011 The McGraw-Hill Companies. All rights reserved.
