Question 1
The problem is that I have to turn it in by 12 AM PST. Thank you ""1 Explain whether Foot Locker, Inc. had more sales revenue or collected more cash from customers during 2007. Why is accounts receivable missing from its balance sheet? 2 Investors are vitally interested in a company?s sales and profits, and its trends of sales and profits over time. Consider Foot Locker?s sales and net income (net loss) during the period from 2005 through 2007. Compute the percentage increase or decrease in net sales and also in net income (net loss) from 2005 to 2007. Which item grew faster during this two-year period, net sales or net income (net loss)? Can you offer a possible explanation for these changes? - During 2007, Foot Locker, Inc. had numerous accruals and deferrals. As a new member of Foot Locker, Inc.?s accounting staff, it is your job to explain the effects of accruals and deferrals on net income for 2007. The accrual and deferral data follow, along with questions that Foot Locker, Inc.?s stockholders have raised (all amounts in millions): 3 Examine Footnote 8 to Foot Locker?s consolidated financial statements (Other Current Assets). Notice that included in this total is ?net receivables.? Ending net receivables for 2006 (beginning balance of 2007) were $59 million. Ending net receivables for 2007 were $50 million. Which of these amounts did Foot Locker, Inc. earn in 2006? Which amount is included in Foot Locker, Inc.?s 2007 net income? 4 Examine Footnote 9 (Property and Equipment, Net). Notice that accumulated depreciation stood at $870 million and the end of 2006 and at $903 million at year-end 2007. Assume that depreciation expense for 2007 was $100. Explain what must have happened to account for the remainder of the change in the accumulated depreciation account during 2007. 5 Focus on cash and cash equivalents. Why did cash change during 2007? The statement of cash flows holds the answer to this question. Analyze the seven largest individual items on the statement of cash flows (not the summary subtotals such as ?net cash provided by operating activities?). For each of the seven individual items, state how Foot Locker Inc.?s action affected cash. Show amounts in millions and round to the nearest $1 million. 6 What securities are included in Foot Locker?s Short-term investments? What type of securities are they? 7 Make a T-account for Short-term investments. Record $249 as the balance in the account as of the end of 2006. Using the information in the investments section of the Consolidated Statement of Cash Flows, record the cash purchases and sales of short-term investments during 2007. Why doesn?t the ending balance equal the amount shown on the balance sheet as of the end of 2007? 8 Three important pieces of information are (a) the cost of inventory on hand, (b) the cost of sales, and (c) the cost of inventory purchases. Identify or compute each of these items for Foot Locker, Inc. at the end of its fiscal year 2007. 9 Assume that all inventory purchases were made on account, and that only inventory purchased increased Accounts Payable. Compute Foot Locker, Inc.?s cash payments for inventory during fiscal 2007. 10 How does Foot Locker, Inc. value its inventories? Which costing method does Foot Locker Inc. use? 11 Did Foot Locker, Inc.?s gross profit percentage and rate of inventory turnover improve or deteriorate in fiscal 2007 (versus fiscal 2006)? Consider the overall effect of these two ratios. Did Foot Locker, Inc. improve during fiscal 2007? How did these factors affect the net income for fiscal 2007? Foot Locker, Inc.?s inventories totaled $1,254 million at the end of fiscal 2005. Round decimals to three places. 12 Which depreciation method does Foot Locker, Inc. use? Over what useful life does Foot Locker, Inc. depreciate various types of fixed assets? 13 Were Foot Locker, Inc.?s plant assets proportionately newer or older at the end of fiscal 2007 (versus 2006)? Explain your answer. 14 The current liability section of Foot Locker, Inc.?s Consolidated Balance Sheet as of February 2, 2008 (the end of fiscal 2007) lists accrued and other liabilities totaling $268 million. Find the details of this total in the Notes to Consolidated Financial Statements. What are the four principal items comprising this total? 15 How would you rate Foot Locker, Inc.?s overall debt position at the end of fiscal 2007 ? risky, safe or average? Compute the ratios that enable you to answer this question. 16 As of the end of fiscal 2007, how many classes of stock does Foot Locker, Inc. have authorized? Issues? Outstanding? 17 During 2007, Foot Locker, Inc. repurchased its treasury stock. How many shares did it purchase? How much did it pay for the stock? How much per share? Compare the price it paid for these shares with the market price of the company?s stock at the end of each quarter (see footnote 26). Does it look like the company was getting a ?good deal? on the purchase of its stock? Why? 18 Did Foot Locker, Inc. issue any new shares of common stock during fiscal 2007? Briefly explain the reasons. 19 Prepare a T-account to show the beginning and ending balances, plus all the activity in Retained Earnings for fiscal 2007. 20 What indicates that Foot Locker, Inc. owns foreign subsidiaries? Identify the item that proves your point and the financial statement on which the item appears. 21 At February 2, 2008, did Foot Locker, Inc. have a cumulative net gain or a cumulative net loss from translating its foreign subsidiaries? financial statements into dollars? How can you tell? 22 What is your evaluation of the quality of Foot Locker, Inc.?s earnings? State how you formed your opinion. 23 Perform a trend analysis of Foot Locker?s net sales, gross profit, operating income and net income. Use 2005 as the base year, and compute trend figures for 2006 and 2007. " "If you need numbers for other years, you can get them from the Foot Locker, Inc. Annual Reports, which are on the Foot Locker, Inc. website. You can find the information you need either by going to the Investor Relations web page www.footlocker-inc.com/investors.cfm?page=investor-relations or by going to www.sec.gov and downloading the company?s 10-k for the relevant year(s)."",sorry to bother you, do you think you will be able to help me with my quetions?
Question 2
PLEASE READ TO THE VERY BOTTOM. I AM TRYING TO DETERMINE IF I WANT TO PROCEED WITH PAYMENT. BEFORE I DO SO...I NEED TO KNOW THE FOLLOWING: The length and quality of the responses to the questions must be substantial....no longer than 10 pages. Of critical importance, will this be written with correct English/grammar. In the past the answers to questions were very poorly written and hard to understand. Will this work be performed by a U.S. tutor? Please advise. Read the attached case, The Lockwood Group. I need help to develop a five-year strategic plan with cost estimates and a time line. The plan should address the following points: 1. Describe the situation facing Lockwood at the time of the case. This should include the major issues facing the company and the decisions that need to be made. You are to spend no time on corporate history. You must consider the past, but your analysis and recommendations should be forward looking. 2. List your specific recommendations for the firm in detail. Explain why each recommendation was made including the information used and the logic (or analysis) applied to reach your conclusion. As you prepare your analysis, remember that no decision is complete until the financial impact of the decisions is determined. 3. If your recommendation(s) need to be taken in a particular sequence, be sure to indicate the proper sequence and the reasons for that sequence. 4. Discuss the events or uncertainties that are most likely to cause trouble in the implementation of your recommendations and how you would react to them if they were to occur. - Sent to Business Expert Tutor on 2/12/2012 at 1:06pm The Expert Tutor on Course Hero answered: We can only answer your free 3 questions one at a time. You have two options to get your questions answered: Re-submit your questions individually here: http://www.coursehero.com/qa_ask_question.php OR We can answer all of the questions you submitted at once for $100. Please re-submit using the form below. Thank you. Please resubmit your questions below. Rachel P. Answered your question on 2/12/2012 at 1:10pm (3 minutes 39 seconds later) I'm Online | Verified Expert Tutor | 99.1% positive feedback | 333 answers You asked: "Two questions: 1) This price seems high, can you lower the price. 2) The length of the responses to the questions must be no longer than 10 pages. Additionally, will this be written with correct English/grammar. In the past the answers to questions were very poorly written and hard to understand. Will this work be performed by a U.S. tutor." - Sent to Business Expert Tutor on 2/12/2012 at 1:22pm You asked: "This price seems high, can you lower the price. 2) The length of the responses to the questions must be no longer than 10 pages. Additionally, will this be written with correct English/grammar. In the past the answers to questions were very poorly written and hard to understand. Will this work be performed by a U.S. tutor." " - Sent to Business Expert Tutor on 2/12/2012 at 1:26pm The Expert Tutor on Course Hero answered: Dear Student, Your assignment is received and is under evaluation. You will be notified soon about the progress. Regards, Rachel P. Answered your question on 2/12/2012 at 1:40pm (14 minutes 20 seconds later) I'm Online | Verified Expert Tutor | 99.1% positive feedback | 333 answers The Expert Tutor on Course Hero answered: Please increase the price for your question to at least $100. At this price, I can spend the time to answer your question. Thank you. Please resubmit your questions below. Rachel P. Answered your question on 2/12/2012 at 2:53pm (1 hour 13 minutes later) I'm Online | Verified Expert Tutor | 99.1% positive feedback | 333 answers You asked: "Before I consider increasing, please answer this question: The length of the responses to the questions must be substantial, but no longer than 10 pages. Additionally, will this be written with correct English/grammar. In the past the answers to questions were very poorly written and hard to understand. Will this work be performed by a U.S. tutor."" - Sent to Business Expert Tutor on 2/12/2012 at 5:43pm
Question 3
"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 wish I have enough money to pay this. This is what I can affor.
Question 4
Cliff Swatner is single, 33, and owns a condominium in New York City worth $250,000. Cliff is an attorney and doing well financially. His income last year exceeded $90,000, and he has sufficient liquid assets to supplement his condominium and other tangible assets. Several years ago, Cliff began investing in stocks and bonds. He made his selections on the basis of articles he read describing good investment opportunities. Some have worked well for Cliff, but others have not. Cliff has never taken the time to evaluate his portfolio performance, but he feels it isn't very good. Cliff currently has about $90,000 invested. He has been dating a woman lately and hopes to marry her in three years, at which time he will need $20,000 for marriage expenses and a honeymoon. Cliff's only other objective is to accumulate funds for retirement, but he does not have a specific dollar target for this goal. Cliff feels that he has a moderate risk-tolerance level. 1.Explain some disadvantages of Cliff's current investment approach. 2.Construct a portfolio for Cliff, limiting your selections to 5 mutual funds (assume that he sells his current stock and bond holdings). Make sure your plan indicates specific dollar amounts for each portfolio component. Make sure your plan also explains your selections for each portfolio component. Visit an investment firm that deals in mutual funds, such as, Vanguard.com, AmericanCentury.com, Fidelity.com, etc. and select 5 mutual funds that will diversify Cliff?s portfolio. Record the fund name, ticker symbol, 5 year average annual returns (can use 3 year if 5 year is unavailable), the amount to be invested in each fund, and the amount returned in 3 years using the 5 years average annual return for the wedding. 3.Explain how Cliff should periodically rebalance his portfolio, indicating how frequently rebalancing should be done. SHOW ALL WORK FOR EACH ASSIGNMENT AND EXPLAIN EACH STEP CAREFULLY,Hello Again, Can you please work on Question #2 which was not complete so I can process your payment. 2.Construct a portfolio for Cliff, limiting your selections to 5 mutual funds (assume that he sells his current stock and bond holdings). Make sure your plan indicates specific dollar amounts for each portfolio component. Make sure your plan also explains your selections for each portfolio component. Visit an investment firm that deals in mutual funds, such as, Vanguard.com, AmericanCentury.com, Fidelity.com, etc. and select 5 mutual funds that will diversify Cliff?s portfolio. Record the fund name, ticker symbol, 5 year average annual returns (can use 3 year if 5 year is unavailable), the amount to be invested in each fund, and the amount returned in 3 years using the 5 years average annual return for the wedding.
Question 5
Hello! Can you please answer this question for me? 1). Lease Financing vs. Purchasing As part of its overall plant modernization and cost reduction program, the management of Teweles Textile Mills has decided to install a new automated weaving loom. In the capital budgeting analysis of this equipment, the IRR of the project was found to be 20 percent versus a project required return of 12 percent. The loom has an invoice price of $250,000, including delivery and installation charges. The funds needed could be borrowed from the bank through a four-year amortized loan at 10 percent interest rate, with payments to be made at the end of each year. In the event that the loom is purchased, the manufacturer will contract and service it for a fee of $20,000 per year at the end of each year. The loom will be depreciated over four years using the straight line method, with a salvage value of $42,500. And Teweles's tax rate is 40 percent. Apilado Automation Inc., maker of the loom, has offered to lease the loom to Teweles for $70,000 upon delivery and installation (at t=0), plus four additional lease payments of $70,000 to be made at the ends of Years 1 through 4. The lease agreement includes maintenance and servicing. Teweles plans to build an entirely new plant in four years, so it has no interest in either leasing or owning the proposed loom for more than that period. (a). Should the loom be leased or purchased? Explain and show your work.,Ok thank you!!,Hi Rachel! Can you please explain to me for the first tab (Project Adoption) what does #REF! Mean? Aren't there suppose to be figures in these cells?,Nevermind Rachel, I reopened it and the figures appeared. However, I'm a little lost with the first tab (Project Adoption). I see where the second tab (Leasing Build a Model) comes in, it's the answer and explanation to the question (a) I asked but I don't fully understand where the tab (Project Adoption) comes into play. Can you please explain this to me and how it is relevant to the question?,Ok, so to be clear I would abort the "project adoption" tab?
