Question 1
Requirement: Please type answer into word form and please write every formula question will need. Q1 ? DCF Analysis (25 marks) Based on its recent success in Amsterdam, Green Bikes Inc. is considering an expansion into the Toronto area. The company will provide cheap bicycle rentals to help reduce traffic congestion in the city?s core. Green Bikes estimates an initial outlay of $5,000,000 in new bikes and bike stations. The bikes and stations will be depreciated straight-line over five years to an expected salvage value of $500,000. It is estimated that the project will bring in $2,700,000 in annual revenues, but will also result in $1,250,000in annual maintenance and lost bikes expenses. As well, an investment in working capital of $380,000 will be required at the beginning of the project but will be fully recovered at the end of year 5. The firm already spent $180,000 last year on a feasibility study which concluded that the project would be profitable. Green Bikes Inc. has a 35% tax rate and an 8% percent cost of capital. (a) Should Green Bikes go ahead with the project? (ignore the half-year rule) (15 marks) (b) Would the project decision change if the bikes and bike stations purchased in year 0 fall into a 20% declining balance asset class (and the half-year rule applies)? All of the other cash flows remain the same. (10 marks) Q2 ? Scenario Analysis (25 marks) Miranda Manufacturing Corporation is considering a capital project which costs $1,200,000 with a six-year life and no salvage value. Depreciation is straight-line. Sales are projected at 100,000 units per year; selling price per unit will be $60, variable cost per unit will be $45 and fixed costs will be $950,000 per year. Past experience suggests that unit sales, selling price, variable cost and the fixed cost projections given here are probably accurate to within ? 8 percent. The required return on the project is 16 percent and the corporate tax rate is 40 percent. (a) Calculate the operating cash flow (OCF) and net present value (NPV) for the base-case, best-case and worst-case scenarios. (9 marks) (b) Suppose that the probability of the base-case scenario is 50 percent of the probability of either the worst-case scenario or the best-case scenario. Should the project be accepted? Why? (3 marks) (c) What is the best-case accounting break-even sales level for this project? (2 marks) (d) Calculate the degree of operating leverage (DOL) for the best-case scenario. What is your interpretation of this number? (3 marks) (e) Suppose Miranda just found out that Jade Ventures Limited is planning to carry a similar product. The marketing department announces that in the event of a competing product, the sales (units) projections will fall for all three scenarios by 10%. Assuming that all the other variables and their values remain the same, should the project still be accepted? Show all supporting calculations. (8 marks) Q3 - Risk and Return (25 marks) The following table presents the three possible states for stocks P and Q returns. State Probability Stock P Return Stock Q Return Optimistic 0.2 11% 19% Base 0.5 6% 9% Pessimistic 0.3 -2% -8% (a) What are the expected returns and the standard deviations on Stocks P and Q? (8 marks) (b) What is the covariance between Stocks P and Q? (5 marks) (c) What is the expected return and standard deviation of a portfolio with weights of 40% in Stock P and the remainder in Stock Q? (7 marks) (d) What is the correlation coefficient between stocks P and Q? Interpret this result. (5 marks) Please carry forward 6 decimals for this question so that you get the most accurate answer for part d. Q4 ? CAPM Analysis (25 marks) You are a recent York graduate and have assumed an investment role with ?Do We Cheat?em & How? Investments. Your first client has $10 million and wants to invest in the stock of 3 companies (Ashley Corp., Joshua Inc. & Julia Ltd.) and in T-bills. Assume that investing in the 3 stock portfolio has the same level of risk as investing in an index that represents the market. (a) If you invest 20% of the money in Ashley which has a Beta of 0.8 and 40% in Joshua with a Beta of 1.2 and if Julia has a Beta of 1.3 how much will you invest in Julia and in T-Bills? (9 marks) (b) Assume that the stocks of the 3 companies are priced correctly and that the T-bill rate is 5% and the average market rate of return is 8%. What is the expected rate of return on each stock? (8 marks) (c) If there was another stock selling at $25 (Beta of 2) with an expected dividend of $2 and a growth rate of 6%. Based on the CAPM, is this stock priced correctly? (8 marks),the first question : i want 1 to 5 is more clear. like text book year 0 1 2 3 4 5 initial cash flow working capital balala like that more detail same with b
Question 2
How well does the number of beers a student drinks predict his or her blood alcohol content? In a study at Ohio State University, 16 student volunteers drank a randomly assigned number of cans of beer. Thirty minutes later, a police officer measured their blood alcohol content (BAC) in grams of alcohol per deciliter of blood. Here are the data: Student 1 2 3 4 5 6 7 8 Beers 5 2 9 8 3 7 3 5 BAC 0.10 0.03 0.19 0.12 0.04 0.095 0.07 0.06 Student 9 10 11 12 13 14 15 16 Beers 3 5 4 6 5 7 1 4 BAC 0.02 0.05 0.07 0.10 0.085 0.09 0.01 0.05 The students were equally divided between men and women and differed in weight and usual drinking habits. Because of this variation, many students don?t believe that number of drinks predicts blood alcohol well. (a) Make a scatterplot of the data. Find the equation of the least-squares regression line for predicting blood alcohol from number of beers and add this line to your plot. What is R^2 for these data? Briefly summarize what your data analysis shows. (b) Is there a significant evidence that drinking more beers increases blood alcohol on the average in the population of all students? State hypotheses, give a test statistic and P-value, and state your conclusion.
Question 3
sdngUnit 6: Final Research Paper In recent years, there has been an effort to develop a common set of accounting standards for nations and firms doing business around the world. For the final project, you are to discuss how the effort for a global set of accounting standards has increased the motivation or need to establish a global set of ethical standards. Include in your discussion the history of the 1) U.S. (AICPA) and 2) international ethical standards (IFAC). How are the U.S. and the international community developing a common set of ethical standards? What are some of the challenges faced by the two governing bodies? The paper is to be 10?12 pages (of content) long and prepared in accordance with APA guidelines. There should also be a 1?2 paragraph abstract and a bibliography showing a significant variety of current, relevant sources that are used and cited in the paper. APA Required Format as follows. References listed on the Reference page should be cited in the text. Please use in-text citations, consistent with APA formatting. In-text citations give credit to other authors and highlights areas in the paper that are explicitly not your original work. Content requires, ?References are applied substantively to the paper topic?. Absent in-text citations, the paper does not address this content requirement. Similarly, Analysis requires a demonstration of, ?strong higher-order critical thinking and analysis?. If your thoughts and analysis are not distinguished from those of other authors, assessing your analytical ability is difficult. The following formatting issues should be addressed for future papers: APA formatting requires a title page, there should be a page break to separate the reference page from the body of the text, and include a running header. Separate paragraphs with indentions. Indented paragraphs increase the quality of the content and readability of the paper the text should be double spaced and new paragraphs should be indented. Your score for this paper was based on the following rubric: Direct quotes may constitute no more than 10-15% of student papers and assignments. Excessive quotation ? more than 15% - does not reflect the student?s original thinking. Submissions with excessive quotation will be marked down for lack of originality. Optional Information: Subject: Bussines Ethics
Question 4
1. If the seller permits merchandise to be returned or an allowance to be made, it is customary for the seller to issue a/an _ memorandum. a. allowance b. credit c. debit d. return 2. To enter a cash sale, the journal entry includes: 3. debiting Cash, crediting Sales, and crediting Sales Tax Payable. b. debiting Cash, debiting Sales, and crediting Sales Tax Payable. c. debiting Cash, debiting Sales Tax Payable, and crediting Sates. d. debiting Sales, debiting Sales Tax Payable, and crediting Cash. A02B Principles of Accounting I -Page 3-18 3. Merchandise is sold on account for $90, and the sale is subject to a retail sales tax of $5.40. What should the sales account be credited for? a. $84.60 b. 590.00 c. 595.40 d. 593.60 4. Merchandise is sold on account for $90, and the sale is subject to a retail sales tax of $5.40. What is the amount that should be debited to Accounts Receivable? a. 55.40 __b. 594.60 c. 593.60 d. 595.40 5. A customer returns merchandise that was delivered in poor condition and that does not meet specifications. The account that the seller would debit for the amount of the return is: 3. Purchases. b. Purchase Returns and AJlowances. c. Sales. d. Sales Returns and Allowances. LulOO 3 6. A credit memorandum for $156 (sales price of merchandise was $150; sales tax was $6) was issued to a customer for goods returned that had been purchased on account. To enter this transaction properly, what should Accounts Receivable be credited for? a. $6 b. $134 c. $150 d. $156 7. The terms specified on an invoice are 4/15, n/30. This means that: Ll. a discount of 4% will be allo,,,,,ed if payment is made within 15 days from the date of the invoice. b. a discount of 15% will be allowed if p'lyment is made within 4 days from the diJte of the invoice. c. a discount of 4% will be allowed if payment is made by the 15th of the month. d. a discount of 15% will be allowed if payment is made by the 4th day after the date of the invoice. 8. A discount offered as an inducement for prompt payment of an invoice is called a/an discount. a. cash b. early c. invoice d. trade A028 Principles of Accounting 1 -Page 3-20 9. After posting is completed in the accounts receivable ledger and the general ledger, the total of the accounts receivable ledger balances per the schedule of accounts receivable should equal the: a. Accounts Payable account balance. b. Accounts Receivable account balance. __c. Cash account balance. __d. net income amount. 10. For the merchant, bank credit card sales are accounted for in a manner similar to: i]. cash sales. b. installment sales. c. layaway sales. d. sales on account. 11. Special discounts on list prices granted by manufacturers to different classes of customers are known as discounts. a. cash b. customers' c. manufacturers' d. trade Lellon 3 12. An invoice in the amount of $916 is subject to a trade discount of 10% and credit terms of 3/10, n/3O. If the invoice is NOT paid within the discount period, what would the amount that would be paid to satisfy the invoice be? __a. $824.40 b. $888.52 c. $916.00 d. $981.27 13. An invoice of $237.50 dated April 2 is subject to credit terms of 2/10, n/30. What is the amount to be paid jf the invoice is paid on or before April? __a. $204.75 b. $213.75 c. $232.75 d. $237.50 14. An invoice of $237.50 dated April 2 is subject to cred it terms of 2/10, n/3O. If the invoice is paid on April 14, what is the amount to be paid? a. $204.75 b. $213.75 c. $232.75 d. $237.50 A02B Principles of Accounting I -Page 3?22 15. The account to which transportation charges on incoming merchandise are generally charged is called: a. Delivery Expense. b. FOB Destination. c. Freight-In. d. Freight-Out. 16. The following indicates that the shipment is free on board at the point of origin of shipment and the buyer must pay all transportation costs: a. COD. b. FOB destination. c. FOB shipping point. d. 4/10, EOM. 17. Merchandise inventory available at the beginning of the period + net purchases -merchandise inventory at the end of the period =: a. cost of goods sold. __b. net purchases. __c. net sales. __d. purchases. LeSIon 3 18. Given the following data, the gross profit for the fiscal year would be _____" Freight-in on merchandise purchased $],500; Merchandise Inventory, January 1 $30,000; Merchandise Inventory, December 31 $50,000; Purchases $100,000; Purchases discounts laken $2,800; Purchases returns and allowances $2,000; Sales $116,500; Sales returns and allowances $1,100. a. $192,100 b. $95,200 __c. $76,700 d. $38,700 19. When the net-price method of recording purchases is used, the debit to Purchases is for the: __a. amount actually paid on the invoice. __b. amount of the invoice less available cash discounts. c. amount of the invoice plus available cash discounts. d. full amount of the invoice. A02B Principles of Accounting I -Page 3-24 20. A purchase was made for $200 on account with credit terms of 2/10, n/30. The purchase was recorded using the net-price method. If payment is made 25 days later, the entry to record the payment will require: a. debiting Accounts Payable for $204, crediting Purchases Discounts Lost (or $4, and crediting Cash for $200. b. debiting Accounts Payable for $200 and crediting Cash for $200. c. debiting Accounts Payable for $196, debiting Purchases Discounts Lost for $4, and crediting Cash for $200. d. debiting Purchases for $196, debiting Purchases Discounts Lost for $4, and crediting Cash for $200.,Microsoft's marketing and technical skills and continuing investment in improving its Windows operating system give it a/an in making computers easier to use. strategic window market requirement market opportunity competitive advantage Dell Computer collects information about competitive, economic. political, legal and regulatory, technological, and sociocultural forces that may affect its marketing activities. This process is called: environmental scanning. survey of environment. marketing. information processing. Which one of the following statements characterizes a marketing information system (MIS)? An MIS is an orderly gathering of information thatis not supplied through routine reporting systems such as sales reports and accounting data. An MIS provides a continuous flow of information about such things as distribution costs, prices, sales, and advertising expenses. An MIS is conducted on a special-project basis when needed. An MIS involves internal information collection about employees and customers. Business buying differs from consumer buying in that business buying consists of purchasing products for production, resale, or day-ta-day operations rather than for consumer use. Which one of the following characteristics is typical of business transactions? Orders placed by business buyers tend to be smaller than those placed by consumers. Business buyers are better informed about the products they purchase. Business purchases usually require only a short negotiating period. Most business purchases are made by one person. Regarding key aspects of product differentiation, product quality: refers to how a product is conceived, planned, and produced. refers to the overall characteristics of a product that allow it to perform as expected in satisfying customer needs. is concerned with creating and maintaining a certain concept of a product in the customer's mind. is not concerned with the degree to which a product is the same over time. Which one of the following statements is FALSE? Service companies recognize that they must set realistic expectations about the service they can provide. Service expectations can be set through advertising and communication. It has been estimated that customers tell four times as many people about bad service as they do about good service. There is little need for a service company to focus effort on maintaining good internal communication. The wheel?of-retailing hypothesis suggests that: the cost of operating a department store will be reduced over time as the store's management learns more about retail operations. retailers tend to provide increasingly limited services to customers as the business ages. new retailers enter the marketplace with low prices, low profit margins, and low status but eventually emerge at the high end of the price/cost/service scale. as retail firms' profits increase. the services they provide to customers increase, but the cost of doing business decreases. Scott Bartello, a salesperson for Xerox, develops a list of potential customers and evaluates them on the basis of their ability. willingness, and authority to purchase copy machines. This process is called: customer search. preapproach. approaching the customer. prospecting. A customer is likely to say, People notice when you buy the most expensive brand of a product.?a price-conscious ,quality-conscious ,prestige-sensitive, value-conscious By 2009, the North American Free Trade Agreement will create a free trade area between the United States, Mexico, and: Japan_ Brazil. Panama. Canada.
Question 5
I paid so much money already and no answers. My credit card was just charged RE: Account ending in 3440 DIMITRA, As requested, we are notifying you that on JUN 15, 2011 at CHC*WWW.COURSEHERO.COM, $83.40 was charged to your Capital One? VISA PLATINUM account. Come on now. 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 $50. Please re-submit here: http://www.coursehero.com/qa_redirect.php?question_id=7271175,These are not answers that I can use to this. I need answering the questions of the final review. Can u do this?,The attachment that you have send me has no answers to the questions that I have submitted. It says about to study and things. I need the answers to the questions under each TCO. Not how to take the test and how many points its gives me. These are the instructions that you are given me and I don't need help with that. Please answer the questions that are needed to be answered. Thank you,I think I mest up. I send you the wrong file as above. The correct attachement is below. I'm so so so sorry. I appologize for the confusion.,I'm still getting answers for my BIS 155 class which as I indicated to you above is not correct. I have forwarded at least twice the correct class attachement which is my Business 115. I have also went ahead and copied and pasted just in case you are having a problem getting my attachment. Please correct this and forward my assignment no later than Saturday night by midnight. If you want send me an email and let me know what seems to be the issue. Thank you Rachel. TCO 1 Chapters 1, 2, 3, 5, 6, 13 and 15 Weeks 1, 2, 4 and 5 Given a description of a typical business, demonstrate how that business acts within our economic system to achieve its goals as well as those of society, along with an understanding of how the future may impact these goals. ? Understand the relationship and interaction of supply and demand in the economy. ? Be able to define, differentiate and provide examples of a market, command and mixed economy. ? Define and discuss the fiscal and monetary policy role of the federal government and its respective agencies. ? List and define the foundations of capitalism. ? Apply the ?Invisible Hand? to a market economy. ? Explain productivity and its relationship to international trade. ? Relate political systems to their respective economic system ? Describe the demographic trends ? Define and apply common economic indicators TCO 2 Chapter 4 Week 3 Given the importance of ethics in business, be able to understand and address ethical dilemmas that may occur in workplace activities and offer suggestions to prevent their recurrence. ? Define and discuss the ethical and social responsibility of business. ? List and explain business stakeholders. ? Describe and apply a business code of ethics. ? Explain compliance-based business ethics. TCO 3 Chapter 3 Week 2 Given the need to increase profits through cost reductions, describe the use of globalization strategies to accomplish this initiative, along with a discussion of the pros and cons of this approach. ? Define and discuss globalization and its impact on international trade. ? Discuss the relationship of the different cultures found in the world to international trade. ? Explain why nations trade. ? Explain the benefits of exporting for small businesses. ? Explain the process of foreign exchange and how it relates to trade between nations. ? List and apply mechanisms used by nations for international trade protection (tariffs, quotas, subsidies, etc.). ? Describe the role of multinational corporations in international trade. ? Define, explain and apply comparative and absolute advantage as applied to trade between nations. ? Discuss the effect of trade deficits on an economic system. TCO 4 Chapters 1, 2, 5 and 6 Weeks 1 and 4 Given understanding of entrepreneurship, be able to describe the major elements necessary for success, along with an understanding of the potential risks associated with starting a business venture. ? Describe what it is to be an entrepreneur. ? Discuss entrepreneurship and its impact on an economy. ? Describe ways that governments can foster entrepreneurship. ? Discuss the role of small business in the U.S. economy. ? List and describe the primary sources of capital for business. ? Describe an Initial Public Offering (IPO) of a company. TCO 5 Chapters 13 and 15 Week 5 Given a need to identify additional sources of revenue, be able to discuss the importance of the Internet to achieve this goal and the overall value of e-Commerce. ? List and explain all aspects of supply chain management. ? Define, explain and apply electronic retailing (etailing). ? Discuss the application of etailing to international markets. TCO 6 Chapters 7, 9 and 10 Week 6 Given the need to improve human resource performance, describe a managerial approach to teamwork, empowerment, and effective communication to accomplish this objective. ? Apply diversity to the work place. ? List, explain and apply the theories of employee motivation (Maslow, Herzberg, etc.). ? Demonstrate an understanding of how to manage the control process. ? Explain how equity applies to the workplace ? How can employees be empowered and its benefit in the work place. ? What were the Hawthorne Studies and how can the result is applied to the work place. ? Explain and apply the styles of management. ? Describe goals and objectives as they apply to business. ? What is a business mission statement and how can it be applied in business. ? Describe and apply the various organization structures used by business. ? Define and apply management by objectives (MBO). ? Describe and apply the communication process in a business setting. ? What is scientific management? TCO 7 Chapters 7, 9 and 10 Week 6 Given a need to understand how products are produced, describe the work performed by various departments in the production of a good to a final customer. ? Describe the skills needed by management. ? Apply operations management to the service sector. ? Explain how to manage quality in a business. ? Describe types of communication in the work place. ? How are teams included in the work place? ? What is PERT and Gantt chart? ? Know the various manufacturing processes. ? Explain outsourcing. ? What is ERP? ? What are ISO9000 and ISO14000 standards? ? How does ?vision? apply to business? ? Explain and apply facility location and layout to business. ? What is a virtual organization? TCO 8 Chapters 13 and 15 Week 5 Given a need to understand the power of consumers, describe the role that Marketing can play to identify customer needs and desires that can be translated into better products. ? List and explain common marketing strategies. ? Apply marketing to nonprofit organizations. ? In marketing, what is a customer orientation? ? What is relationship marketing? ? What are the four eras in the evolution of marketing? ? Describe business-to-business marketing (B2B) ? List and explain the steps in the marketing research process. ? Describe and apply market segmentation and target markets. ? Explain the four Ps or the marketing mix. TCO 9 Chapters 13, 15, 17, 18 and Bonus Chapter B Weeks 5 and 7 Given a need for timely and accurate data for decision making, discuss the use of technology and ways in which the management of information can facilitate this goal. ? What are computer networks as used in business? ? The role of Information Technology (IT) in business. ? What is a virtual office? ? What are some of the common types of software used by business? ? What is broadband as applied to the internet. ? What is internet technology? ? What major security issues are threatening e-business? TCO 10 Chapters 17, 18 and Bonus Chapter B Weeks 5 and 7 Given a need to understand a firm?s financial performance, be able to identify and explain the major elements contained within financial and accounting statements. ? List, describe and apply business financial statements (income statement, balance sheet, statement of cash flows). ? What is a financial plan? ? How does auditing apply to business finance? ? What are the finance concerns for small businesses? ? List the types of financial budgets. ? Be familiar with the corporate financial scandals of the 2000?s. ? List and describe the types of accounting software. ? List and describe financial ratios as applied to business. ? What is the difference between current, fixed and intangible assets? ? Demonstrate an understanding of the accounting equation. (Assets = liabilities + equity)
