Question 1
" Individuals Allen and Betty are form an S corporation, with Allen contributing cash of $100,000 for a 50% interest and Betty contributing appreciated ordinary income property with an adjusted basis of $20,000 and a fair market value of $100,000. i. Determine Betty?s initial basis in her stock, assuming that she receives a 50% interest. ii. The S corporation sells the property for $120,000. Determine Allen?s and Betty?s stock basis after the sale. iii. Determine Allen?s and Betty?s gain or loss if the company is liquidated. Jason and Daniel are forming the JD Partnership. Jason contributes $300,000 cash and Daniel contributes nondepreciable property with an adjusted basis of $80,000 and a fair market value of $330,000. The property is subject to a $30,000 liability, which is also transferred into the partnership and is shared equally by the partners for basis purposes. Jason and Daniel share in all partnership profits equally except for any precontribution gain, which must be allocated according to the statutory rules for built-in gain allocations. i. What is Daniel?s adjusted tax basis for his partnership interest immediately after the partnership is formed? ii. What is the partnership?s adjusted basis for the property contributed by Daniel? iii. If the partnership sells the property contributed by Daniel for $360,000, how is the tax gain allocated between the partners? In 1985, Al and Kelly acquire land for $500,000 with Al furnishing $200,000 and Kelly $300,000 of the purchase price. Title to the property is listed as equal joint tenancy with right of survivorship. Al dies first in 2009, when the land is worth $2,000,000. What is Kelly?s income tax basis in the property under each of the following assumptions? i. Al and Kelly are brothers. ii. Al and Kelly are husband and wife. iii. Al and Kelly are husband and wife and the land is community property. All three questions have three answers two them that need to be clearly explained part by part and have detailed answers and explanations. I need this done within a 30 minutes",I CANNOT CHANGE THE TIME OR THE DEADLINE. . . I need this done within the next 30 mins!!!! I need it done by 9:30 PM PST,I have 10 mins left to answers these . .. how is it going?
Question 2
The final project will be a Project Demonstrating Excellence Summary Paper. The Final Project must reflect college-level writing and thinking, and will contribute 25% to the course grade. Each student is required to write a Project Demonstrating Excellence (PDE) Final Project paper that is 8-12 double-spaced pages in length. The purpose of the assignment is to give the student a means of displaying their analytical reasoning/critical thinking skills. This will be for the benefit of both the peer as well as the instructor. The student will be expected to take a concept, theory or topic discussed/explained in the text (i.e. inventory control, strategic alliances, technology and supply management, etc.). The student is expected to present a scholarly discussion of the chosen topic and adhere to the format/style required by the APA Manual. The student is encouraged to seek out information from other sources (preferably scholarly) to establish, explain and/or defend the particular points they raise. The learning outcomes to be reflected in the PDE may include 1-5, at the very least, outcomes 1-3 MUST be covered in the paper. Expected learning/critical thinking: 1. Develop an understanding of supply chain management practices and procedures in organizations today. 2. Apply an understanding of how the supply chain system operates and its significance relative to a business operation. 3. The ability to recognize and design a supply chain. 4. Assess procurement and outsourcing strategies focusing on strategic purchasing, outsourcing and the supplier footprint. 5. Review strategies for creating and/or maintaining quality in the distribution process. Writing the Final Project The Paper: ? Must be eight- to twelve- double-spaced pages in length and formatted according to APA style as outlined in the approved APA style guide. ? Must include a cover page that includes: ? Student?s name ? Course name and number ? Title of paper ? Instructor?s name ? Date submitted ? Must include an introductory paragraph with a succinct thesis statement. ? Must address the topic of the paper with critical thought. ? Must conclude with a restatement of the thesis and a conclusion paragraph. ? Must use at least five professional resources, including a minimum of two from Ashford University Library. ? Must use APA style as outlined in the approved APA style guide to document all sources. ? Must include, on the final page, a Reference Page that is completed according to APA style as outlined in the approved APA style guide.
Question 3
I have only asked one question today... Hi there, I was told by Ashley Rockefeller that I can pose all 3 question at any time within the day. I dont understand why my question is being denied... Can you explain?? "(15 marks) You manage a portfolio that is currently all invested in equities in companies in five major Canadian industries. The market value involved and beta for each industry are shown in the table below. Industry MV Beta Oil and Gas $1,000,000 1.2 Technology 600,000 1.5 Utilities 1,500,000 0.8 Financial 800,000 1.3 Pharmaceutical 1,300,000 1.1 You believe that the Canadian equity market is on the verge of a big but short-lived downturn. You would move your portfolio temporarily into T-bills, but you do not want to incur the transaction costs of liquidating and reestablishing your equity position. Instead, you decide to hedge your portfolio with three-month S&P/TSX 60 index futures contracts for one month. Currently, the level of the S&P/TSX 60 index is 678.68, the three-month futures price of the S&P/TSX 60 is 665.60, and one contract is for $200 times the index. The annual simple risk-free rate of return is 1%. a. How many futures contracts should you use? Long or short? (5 marks) b. Suppose the return on the S&P/TSX 60 index is -5% in one month, and the S&P/TSX index futures price falls to 620 in one month. Calculate your net gain or loss on your hedged portfolio in part (a). (10 marks)" " "
Question 4
Objective The objective of this project is to give the students an opportunity to learn how to develop notes to the financial statements. This will include determining which items need to be included in the notes, which items need to have additional information provided in the notes, how the notes should be written, and the use of proper grammar in writing the notes. The students will also learn how to write professional and business information in a comfortable, easy manner in which readers can understand what is being written and what is meant by what is written. Description During the course you will be required to develop a Course Project having to do with writing notes for a fictitious annual report. You will hand in the project at the end of Week 8.In order to assist you in writing the notes, you may use the notes for Proctor & Gamble, as shown on pages 246?277, or you may use those shown as examples in Chapter 24. Although you may use these as an example, you are not to use their actual notes, or the notes from any other company, because this would be considered plagiarism (and if discovered, would result in a grade of ?F,? or zero points for the assignment).Your project should consist of; but not be limited to, the items below. Note 1: Significant Accounting Polices (consisting of at least 10 items) Notes 2?10+: Consisting of at least the items below. Inventory Property, Plant, & Equipment Contingencies and Liabilities Changes in Accounting Principles or Estimates Post Balance Sheet Events Mergers and Acquisitions Lease Obligations EPS Long-Term Debt Employee Pension Obligations If you have any questions, please feel free to contact your instructor. Good luck. Guidelines The notes will include as "Summary of Significant Accounting Principles" as Note 1. The notes will then include detailed information about at least 10 different items that are usually contained in the notes to the financial statements. The student will gain experience in writing business topics and the need to have detailed information provided in the notes to the financial statements.
Question 5
1. The all equity cost of capital for a company is 15%, and the company has set a target debt to value ratio of 50%. The current cost of debt for a firm of this risk is 10% and the corporate tax rate is 34%. What?s the weighted average cost of capital (WACC) for the company? 2. A loan of $10,000 is issued at 15% interest. Interest on the loan is to be repaid annually for 5 years, and the non-amortized principal is due at the end of the fifth year. What?s the NPV of the loan if the company's tax rate is 34%. 3. A firm has a market value equal to its book value. Currently, the firm has excess cash of $500 and other assets of $9,500. Equity is worth $10,000. The firm has 250 shares of stock outstanding and net income of $1,400. What will the stock price per share be if the firm pays out its excess cash as a cash dividend? 4. A company is attempting to raise $5,000,000 in new equity with a rights offering. The subscription price will be $40 per share. The stock currently sells for $50 per share and there are 250,000 shares outstanding. How many rights are needed to buy a new share? 5. A firm is considering leasing a new system. The lease lasts for 5 years. The lease calls for 6 payments of $300,000 per year with the first payment occurring at lease inception. The system would cost $1,050,000 to buy and would be straight-line depreciated to a zero salvage value. The actual salvage value is zero. The firm can borrow at 8%, and the corporate tax rate is 34%. What is the net present value (NPV) of the lease? 6. What is the value of a 9-month call with a strike price of $45 given the Black-Scholes Option Pricing Model and the following information? Stock price: $48 Exercise price: $45 Time to expiration: 0.75 years Risk-free rate: 5% N(d1): 0.718891 N(d2): 0.641713 7. What?s the duration of a 2 year annual 10% bond that is selling at a par value of $1,000? 8. Firm A and Firm B are all-equity firms. Firm A has 1,750 shares outstanding at a market price of $20 a share. Firm B has 2,500 shares outstanding at a price of $28 a share. Firm B is acquiring Firm A for $36,000 in cash. The incremental value of the acquisition is $3,000. What is the net present value of acquiring Firm A to Firm B? 9. The management of Firm C has proposed to reorganize the company. The proposal is based on a going-concern value of $2.3 million. The proposed financial structure is $500,000 in new mortgage debt, $300,000 in subordinated debt and $1,500,000 in new equity. All creditors, both secured and unsecured, are owed $3 million dollars. Secured creditors have a mortgage lien for $2,000,000 on the book bindery. The corporate tax rate is 34%. How much should the secured creditors receive? 10. The management of Firm D has proposed to reorganize the firm. The proposal is based on a going-concern value of $2 million. The proposed financial structure is $750,000 in new mortgage debt, $250,000 in subordinated debt and $1,000,000 in new equity. All creditors, both secured and unsecured, are owed $2.5 million dollars. Secured creditors have a mortgage lien for $1,500,000 on the factory. The corporate tax rate is 34%. How much should the unsecured creditors receive?
