FIN 419 Entire Course
For more classes visit www.snaptutorial.com FIN 419 Week 1 Individual Assignment Limited Liability Corporation and Partnership Paper (2 Papers) FIN 419 Week 1 DQ 1 FIN 419 Week 1 DQ 2 FIN 419 Week 1 DQ 3 FIN 419 Week 1 DQ 4 FIN 419 Week 1 Individual Finance lab FIN 419 Week 2 Individual Assignment Financial Outcomes Paper FIN 419 Week 2 DQ 1 FIN 419 Week 2 DQ 2 FIN 419 Week 2 DQ 3 FIN 419 Week 2 DQ 4 FIN 419 Week 2 Individual Finance lab Problems FIN 419 Week 3 Learning Team Assignment Capital Valuation Paper
FIN 419 Week 3 Team Assignment Working Capital Strategies Paper and Presentation FIN 419 Week 3 Individual Finance lab Problems FIN 419 Week 3 DQ 1 FIN 419 Week 3 DQ 2 FIN 419 Week 4 Team Assignment Working Capital Strategies Paper FIN 419 Week 4 Team Assignment Capital Structure Paper FIN 419 Week 4 Individual Finance lab Problems FIN 419 Week 4 Team Assignment Problem Set (New) FIN 419 Week 4 DQ 1 FIN 419 Week 4 DQ 2 FIN 419 Week 4 DQ 3 FIN 419 Week 4 DQ 4 FIN 419 Week 5 Learning Team Assignment International Finance Paper (2 Papers) FIN 419 Week 5 DQ 1 FIN 419 Week 5 DQ 2 FIN 419 Week 5 DQ 3 FIN 419 Week 5 DQ 4
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FIN 419 Final Exam Guide (New)
For more classes visit www.snaptutorial.com 1) Risk and probability Micro-pub, Inc., is considering the purchase of one of two microfilm cameras, R and S. Both should provide benefits over a10-year period, and each requires an initial investment of $4,000. Management has constructed the following table of elements of rates of return and possibilities for pessimistic, most likely, and optimistic results. 2) Capital asset princing model (CAPM) Use the capital asset princing model to find the required reurn. 3)a. What single investmentmade today, annual interest, will be worth $3,500 at the end of 10 years? b. What is the present value is $3,500 to be received at the end of 10 years if the discount rate is 6%? c. What is the most you would pay today for a promise to repay you $3,500 at the end of 10 years if your opportunity cost is 6% ? d. Compare, contrast, and discuss your findings in part a through c. 4) Loan Payment Determine the equal, annual, end-of-year payment required each year over the life of the loan to repay it fully during the stated term of the loan.
5) Loan amortization schedule Personal Finace Problem Joan Messineo borrowed $18,000 at a 14% annual rate of interest to be repaid over 3 years. The loan is amortized into three equal, annual, end-of-year payments. 6) NPV Calculate the net present value (NPV) for a 30-year project with an initial investment of $ 0 and a cash inflow of $2,000 per year. Assume that the firm has an opportunity cost of 17%. Comment on the acceptability of the project. 7) Scenario Analysis Automated Food Distribution Corp. (AFDC) produces vending machines and places them in public buildings. The company has obtained permission to place one of its machine in a local library. The company makes two types of machines. One distributes soft drinks, and the other distributes snack foods. AFDC expects both machines to provide benefits over a 8-year period, and each has a required investment of $2,990. The firm uses a 9.8% cost of capital. Management has constructed the following table of estimates of annual cash inflows for pessimistic., most likely, and optimistic results. 8) Degree of operating leverage Grey Products has fixed operating costs of $382,000, varaiable operating costs of $15.61 per unit, and selling price of $62.91 per unit. 9) Finding operating and free cash flows consider the balance sheets and selected data from the income statement of Keith Corporation. 10) Pro forma balance sheet – Basic Leonard Industries wishes to prepare a pro forma balance sheet for December 31,2016. The firm expects 2016 sales to total $3,000,000. 11) Aggressive versus conservative seasonal funding strategy Dynabase Tool has forecast its total funding requirements for the coming year.
12) Initiating a cash discount Gardner company currently makes all sales on credit and offers no cash discount. The firm is considering offering a 3% cash discount for payment within 15 days. The firm’s current average collection period is 60 days, sales are 40,000 units, selling price is $46 per unit, and visible cost per unit is $30. The firm expects that the change in credit terms will result in an increase in sales. 13) Degree of financial leverage North western Savings and Loan has a current capital structure consisting of $230,000 of 15% (annual interest) debt and 1,000 shares of common stock. The firm pays taxes at the rate of 30%. 14) Various Capital Structures Character Enterprises currently has $1.5 million in total assets and is totally equity financed. It is contemplating a change in its capital structure. Compute the amount of debt and equity that would be outstanding is the firm were to shift to each of the following debt ratios: 10%, 20%, 30%, 40%, 50%, 60%, and 90%.
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FIN 419 Final Exam Guide
For more classes visit www.snaptutorial.com
1) Risk and probability Micro-pub, Inc., is considering the purchase of one of two microfilm cameras, R and S. Both should provide benefits over a10-year period, and each requires an initial investment of $4,000. Management has constructed the following table of elements of rates of return and possibilities for pessimistic, most likely, and optimistic results. 2) Capital asset princing model (CAPM) Use the capital asset princing model to find the required return. 3) a. What single investment made today, annual interest, will be worth $3,500 at the end of 10 years? b. What is the present value is $3,500 to be received at the end of 10 years if the discount rate is 6%? c. What is the most you would pay today for a promise to repay you $3,500 at the end of 10 years if your opportunity cost is 6%? d. Compare, contrast, and discuss your findings in part a through c. 4) Loan Payment Determine the equal, annual, end-of-year payment required each year over the life of the loan to repay it fully during the stated term of the loan. 5) Loan amortization schedule Personal Finances Problem Joan Messineo borrowed $18,000 at a 14% annual rate of interest to be repaid over 3 years. The loan is amortized into three equal, annual, end-of-year payments. 6) NPV Calculate the net present value (NPV) for a 30-year project with an initial investment of $ 0 and a cash inflow of $2,000 per year. Assume that the firm has an opportunity cost of 17%. Comment on the acceptability of the project. 7) Scenario Analysis Automated Food Distribution Corp. (AFDC) produces vending machines and places them in public buildings. The company has obtained permission to place one of its machine in a local library. The company makes two types of machines. One distributes soft drinks, and the other distributes snack foods. AFDC
expects both machines to provide benefits over a 8-year period, and each has a required investment of $2,990. The firm uses a 9.8% cost of capital. Management has constructed the following table of estimates of annual cash inflows for pessimistic., most likely, and optimistic results. 8) Degree of operating leverage Grey Products has fixed operating costs of $382,000, variable operating costs of $15.61 per unit, and selling price of $62.91 per unit. 9) Finding operating and free cash flows consider the balance sheets and selected data from the income statement of Keith Corporation. 10) Pro forma balance sheet – Basic Leonard Industries wishes to prepare a pro forma balance sheet for December 31,2016. The firm expects 2016 sales to total $3,000,000. 11) Aggressive versus conservative seasonal funding strategy Dynacare Tool has forecast its total funding requirements for the coming year. 12) Initiating a cash discount Gardner company currently makes all sales on credit and offers no cash discount. The firm is considering offering a 3% cash discount for payment within 15 days. The firm’s current average collection period is 60 days, sales are 40,000 units, selling price is $46 per unit, and visible cost per unit is $30. The firm expects that the change in credit terms will result in an increase in sales. 13) Degree of financial leverage North western Savings and Loan has a current capital structure consisting of $230,000 of 15% (annual interest) debt and 1,000 shares of common stock. The firm pays taxes at the rate of 30%.
14) Various Capital Structures Character Enterprises currently has $1.5 million in total assets and is totally equity financed. It is contemplating a change in its capital structure. Compute the amount of debt and equity that would be outstanding is the firm were to shift to each of the following debt ratios: 10%, 20%, 30%, 40%, 50%, 60%, and 90%.
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FIN 419 Final Exam Guide
For more classes visit www.snaptutorial.com True/False (1point each) 1. The sole proprietor has unlimited liability; his or her total investment in the business, but not his or her personal assets, can be taken to satisfy creditors. 2. Time-value of money is based on the belief that a dollar that will be received at some future date is worth more than a dollar today. 3. Holders of equity have claims on both income and assets that are secondary to the claims of creditors. 4. The possibility that the issuer of a bond will not pay the contractual interest or principal payments as scheduled is called maturity risk.
5. The breakeven point in dollars can be computed by dividing the contribution margin into the fixed operating costs. Multiple-choice (1point each) 6. The ________ is the extent of an asset's risk. It is found by subtracting the pessimistic outcome from the optimistic outcome 7. ________ measure(s) the risk of a capital budgeting project by estimating the NPVs associated with the optimistic, most likely, and pessimistic cash flow estimates 8. If a firm uses an aggressive financing strategy, 9. The two major sources of short-term financing are 10. At the operating breakeven point, ________ equals zero. Problems (show your work) (1 Point) 11. Xiao Li wishes to accumulate $50,000 by the end of 10 years by making equal annual end-of-year deposits over the next 10 years. If Xiao Li can earn 5 percent on her investments, how much must she deposit at the end of each year? 12. Hayley makes annual end-of-year payments of $6,260.96 on a five-year loan with an 8 percent interest rate. The original principal amount was 13. Hewitt Packing Company has an issue of $1,000 par value bonds with a 14 percent annual coupon interest rate. The issue has ten years remaining to the maturity date. Bonds of similar risk are currently selling to yield a 12 percent rate of return. The current value of each Hewitt bond is ________. 14. Yong Importers, an Asian import company, is evaluating two mutually exclusive projects, A and B. The relevant cash flows for
each project are given in the table below. The cost of capital for use in evaluating each of these equally risky projects is 10 percent. Project A Project B Initial Investment $350,000 $425,000 Year Cash Inflows (CF) The NPVs of projects A and B are ________.
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FIN 419 Week 1 DQ 1
For more classes visit www.snaptutorial.com What is a sensitivity analysis? What is a scenario analysis? How would you apply each one to a potential investment opportunity? How would you use the information from this analysis? Explain.
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FIN 419 Week 1 DQ 2
For more classes visit www.snaptutorial.com What is a limited liability corporation? What is a limited liability partnership? What are the differences? What are the advantages and disadvantages of each?
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FIN 419 Week 1 DQ 3
For more classes visit www.snaptutorial.com Based on your assessment of risk using portfolio Management, what factors would you use to make different risk preferences?
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FIN 419 Week 1 DQ 4
For more classes visit www.snaptutorial.com What are some risk management techniques? How would you use portfolio management to assess the risk and return of an investment? Predict how the results would be different based on different risk preferences?
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FIN 419 Week 1 Individual Assignment Limited Liability Corporation and Partnership Paper (2 Papers)
For more classes visit www.snaptutorial.com This Tutorial contains 2 different Papers
Individual Assignment: Limited Liability Corporation and Partnership Paper Individual Assignment: Limited Liability Corporation and Partnership Paper • Resources: Week One readings • Write a 700- to 1,050-word paper in which you explain roles of limited liability corporations and partnerships. If you were establishing your own business, under what circumstances would you choose one instead of the other? • Format your paper according to APA standards
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FIN 419 Week 1 Individual Assignment Richardses’ Tree Farm Grows Up Case Study
For more classes visit www.snaptutorial.com Review the "Richardses' Tree Farm Grows Up - Mini Case" located in Chapter 1 of Financial Management: Core Concepts. Develop a 1,050-word analysis of the case study. Include the following: Analyze whether the major financial management decisions of the Richards family involve capital budgeting, capital structure, and working capital management.
Explain whether the Richards family should form a regular corporation or choose one of the hybrid forms. Explain how incorporating will affect the Richards family's ability to transfer ownership to their children. Justify Jake's concerns with hiring professional management. Analyze whether incorporating will affect the Richards family's ability to give up a small amount of profit in exchange for protecting the environment. Evaluate how Jake might obtain more equity funding and perhaps create considerable wealth for the Richards family in the process. Include at least two sources to justify your assignment. Format your assignment consistent with APA guidelines. Click the Assignment Files tab to submit your assignment.
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FIN 419 Week 1 Individual Finance lab (New)
For more classes visit www.snaptutorial.com This Tutorial contains excel sheet P 11-1 Eric has another get-rich-quick idea, but needs funding to support it. He chooses an all-debt funding scenario. He will borrow $3683 from Wendy, who will charge him 7% on the loan. He will also borrow $3165 from Bebe, who will charge him 9 % on the
loan, and $2152 from Shelly, who will charge him 15 % on the loan. What is the weighted average cost of capital for Eric?
P11-2 Question : Grey’s pharmaceuticals has a new project that will require funding of $13.0 million. The company has decided to pursue an alldebt scenario. Grey’s has made agreements with four lenders for the needed financing. These lenders will advance the following amounts at the interest rates shown: P11-3 Question : Cost of debt. Kenny Enterorises has just issused a bond with a par value of $1,000, a maturity of twenty years, and a coupon rate of 9.4% with semiannual payments. What is the cost of debt for Kenny Enterprises if the bond sells at the following prices? What do you nitice about the price and the cost of debt? a. What is the cost of debt for Kenny Enterprises if the bond sells at $941.16? b. What is the cost of debt for Kenny Enterprises if the bond sells at $1,000.00? c. What is the cost of debt for Kenny Enterprises if the bond sells at $1,041.55? d. What is the cost of debt for Kenny Enterprises if the bond sells at $1,176.64? P11-7 COST of Preffered Stock. Kyle is raising funds for his company by selling preferred stock. The preferred stock has a par value os $83 and a dividend rate of 10.4%. the stock for $59.45 in the market. What is the cost of preferred stock for Kyle?
P 11-9 Stan is expanding his business and will sell common stock for the needed funds. If the current risk-free rate is 4.3% and the expected market rate is 10.8%, what is the cost of equity for Stan if the beta of the stock is a) What is the cost of equity for Stan if the beta of the stock is 0.62? b) What is the cost of equity for Stan if the beta of the stock is 0.86? c) What is the cost of equity for Stan if the beta of the stock is 1.09? d) What is the cost of equity for Stan if the beta of the stock is 1.35
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FIN 419 Week 1 Individual Finance lab
For more classes visit www.snaptutorial.com 1) Risk and probability Micro-pub, Inc., is considering the purchase of one of two microfilm cameras, R and S. Both should provide benefits over a10-year period, and each requires an initial investment of $4,000. Management has constructed the following table of elements of rates of return and possibilities for pessimistic, most likely, and optimistic results.
2) Portfolio Analysis you have given the expected return data shown in the first table on three assets –F, G, and H – over the period 20162019.
Using the assets, you have the isolated the three investment alternatives. 3) Capital asset princing model (CAPM) Use the capital asset princing model to find the required return.
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FIN 419 Week 2 DQ 1
For more classes visit www.snaptutorial.com What are the three key inputs to the valuation model? How would you determine the valuation of an asset? How would the intrinsic value of assets differ from the market value? Explain.
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FIN 419 Week 2 DQ 2
For more classes visit www.snaptutorial.com What is a loan amortization schedule? How would you use it determine your loan interest rate? What factors would impact your choice between two loans?
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FIN 419 Week 2 DQ 3
For more classes visit www.snaptutorial.com What is the difference between present values and future values? How would you use present and future value techniques in preparing a financial plan for retirement? How would various required rates of return affect your decision? Explain.
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FIN 419 Week 2 DQ 4
For more classes visit www.snaptutorial.com How would the intrinsic value of assets differ from the market value? Explain.
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FIN 419 Week 2 Individual Assignment Financial Outcomes Paper
For more classes visit www.snaptutorial.com Use the faculty-approved Fortune 500 organization and the financial initiative selected Week 1. Write a 1,400- to 1,750-word paper in which you compare and contrast three potential financial outcomes your Learning Team envisions for the initiative. Complete the following in your paper: Evaluate your findings to determine the most likely outcome.
Include calculations that support your analysis of various financial outcomes and discuss the financial effect on the organization. Format your paper consistent with APA guidelines. Submit your assignment using the Assignment Files tab above.
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FIN 419 Week 2 Individual Finance lab Problems
For more classes visit www.snaptutorial.com 1)a. What single investment made today, annual interest, will be worth $3,500 at the end of 10 years? b. What is the present value is $3,500 to be received at the end of 10 years if the discount rate is 6%? c. What is the most you would pay today for a promise to repay you $3,500 at the end of 10 years if your opportunity cost is 6% ? d. Compare, contrast, and discuss your findings in part a through c. 2) Loan Payment Determine the equal, annual, end-of-year payment required each year over the life of the loan to repay it fully during the stated term of the loan. 3) Loan amortization schedule Personal Finance Problem Joan Messineo borrowed $18,000 at a 14% annual rate of interest to be
repaid over 3 years. The loan is amortized into three equal, annual, end-of-year payments. 4) NPV Calculate the net present value (NPV) for a 30-year project with an initial investment of $ 0 and a cash inflow of $2,000 per year. Assume that the firm has an opportunity cost of 17%. Comment on the acceptability of the project. 5) Scenario Analysis Automated Food Distribution Corp. (AFDC) produces vending machines and places them in public buildings. The company has obtained permission to place one of its machine in a local library. The company makes two types of machines. One distributes soft drinks, and the other distributes snack foods. AFDC expects both machines to provide benefits over a 8-year period, and each has a required investment of $2,990. The firm uses a 9.8% cost of capital. Management has constructed the following table of estimates of annual cash inflows for pessimistic., most likely, and optimistic results.
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FIN 419 Week 2 Individual My FinanceLab (NEW)
For more classes visit www.snaptutorial.com This Tutorial comes with a excel sheet P3-1
Future Value. Fill in the future values for the following table using one of the three methods below: a. Use the future value formula, FV = PV*(1+r)n. b. Use the TVM keys from a calculor. c. Use the TVM function in a spreadsheet. P3 – 4 Future Value. Grand opening Bank is offering a one-time investment opportunity for its new customer. A customer opening a new checking account can buy a special saving bond for $ 400 today , Which the bank will compound at 8.5% for the next ten years. The savings bond must be held for at least five years, but can then be cashed in at end of any year starting with years five. What is the value of the bond at each cash-in date up through year ten ? What is the value of the savings bond at the end of year five ? a. What is the value of the savings bond at the end of year five ? b. What is the value of the savings bond at the end of year six? c. What is the value of the savings bond at the end of year seven? d. What is the value of the savings bond at the end of year eight? e. What is the value of the savings bond at the end of year nine? f. What is the value of the savings bond at the end of year ten? P 3– 8 a. Use the present value formula, PV = FV*--b. Use the TVM keys from a calculator. c. Use the TVM function in a spreadsheet. P3-15 Future Value. YOU are a new employee with the metro daily planet. The planet offers three different retirement plans. Plans 1 starts the first day of work and puts $1,100 away in your retirement acc at the end of every year for 40 years. Plan 2 starts after 10 year and puts away $2,100 every year for year. Plan 3 starts after 20 year and puts away $4,100 every year for the last 20 year 0 employment. All tree plans guarantee an annual growth rate of 11%. a. Which plan should you choose if you plan to work at the Planet for 40 years ?
b. Which plan should you choose if you plan to work at the Planet for only the next 30 years ? c. Which plan should you choose if you plan to work at the Planet for only the next 20 years ? d. Which plan should you choose if you plan to work at the Planet for only the next 10 years ? e. What do the answers in parts (a) through (d) imply about savings ?
P4-5 Future Value. YOU are a new employee with the metro daily planet. The planet offers three different retirement plans. Plans 1 starts the first day of work and puts $1,100 away in your retirement acc at the end of every year for 40 years. Plan 2 starts after 10 year and puts away $2,100 every year for year. Plan 3 starts after 20 year and puts away $4,100 every year for the last 20 year 0 employment. All tree plans guarantee an annual growth rate of 11%. a. Which plan should you choose if you plan to work at the Planet for 40 years ? b. Which plan should you choose if you plan to work at the Planet for only the next 30 years ? c. Which plan should you choose if you plan to work at the Planet for only the next 20 years ? d. Which plan should you choose if you plan to work at the Planet for only the next 10 years ? e. What do the answers in parts (a) through (d) imply about savings ?
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FIN 419 Week 2 Team Assignment Evaluating Financial Statements (2 Papers)
For more classes visit www.snaptutorial.com This Tutorial contains 2 Papers Research two companies' financial statements from one of the following industries: Airline Automotive Pharmaceutical Oil/gas Retail Computer Hardware Analyze table 14.8 in Financial Management: Core Concepts, Ch. 14: "Financial Ratios: Industry Averages." Prepare the following ratios for the two sets of financial statements in MicrosoftÂŽ ExcelÂŽ: Price to Earnings Gross Margin Profit Margin Current Ratio Debt to Equity Return on Assets Return on Equity Compare your completed ratios to the industry average chart. Evaluate in 175 words which company, of the two you have researched, is doing better. Format your assignment consistent with APA guidelines. Click the Assignment Files tab to submit your assignment.
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FIN 419 Week 2 Team Problem Set
For more classes visit www.snaptutorial.com Complete the following problem sets in Financial Management using MicrosoftÂŽ ExcelÂŽ: Chapter 2: 1, 2, 3, 4 Chapter 5: 1, 3, 5, 7 Chapter 5: Advanced Problems 1a and 1b Chapter 14: 9, 10, 11, 12 Format your assignment consistent with APA guidelines. Click the Assignment Files tab to submit your assignment. Chapter 2: Problem 1 1. Balance sheet. From the following balance sheet accounts, a. construct a balance sheet for 2013 and 2014. b. list all the working capital accounts. c. find the net working capital for the years ending 2013 and 2014. d. calculate the change in net working capital for the year 2014. Chapter 2: Problem 2 2. Income statement. From the following income statement accounts, a. produce the income statement for the year b. produce the operating cash flow for the year
Chapter 2: Problem 3 3. Balance sheet. From the following balance sheet accounts, a. construct a balance sheet for 2013 and 2014 b. list all the working capital accounts c. find the net working capital for the years ending 2013 and 2014 d. calculate the change in net working capital for the year 2014 Chapter 2: Problem 4 4. Income statement. From the following income statement accounts, a. produce the income statement for the year Chapter 5: Problem 3 3. EAR. What is the EAR of a mortgage that is advertised at 7.75% (APR) over the next twenty years and paid with monthly payments? Chapter 5: Problem 5 5. Present value with periodic rates. Let’s follow up with Sam Hinds, the dentist, and his remodeling project (Chapter 4, Problem 12). The cost of the equipment for the project is $18,000, and he will finance the purchase with a 7.5% loan over six years. Originally, the loan called for annual payments. Redo the payments based on quarterly payments (four per year) and monthly payments (twelve per year). Compare the annual cash outflows of the two payments. Why does the monthly payment plan have less total cash outflow each year? Original Problem from Chapter 4, Problem 12 to go with Chapter 5 Problem 5: 12. Payments. Sam Hinds, a local dentist, is going to remodel the dental reception area and add two new workstations. He has contacted A-Dec, and the new equipment and cabinetry will cost $18,000. ADec will finance the equipment purchase at 7.5% over a six-year period. What will Hinds have to pay in annual payments for this equipment? Chapter 5: Problem 7 7. Future value with periodic rates. Matt Johnson delivers newspapers and is putting away $15.00 every month from his paper route
collections. Matt is eight years old and will use the money when he goes to college in ten years. What will be the value of Matt’s account in ten years with his monthly payments if he is earning 6% (APR), 8% (APR), or 12% (APR)? Chapter 5: Advanced Problem 1a & 1b 1. Monthly amortization schedule. Sherry and Sam want to purchase a condo at the coast. They will spend $650,000 on the condo and are taking out a loan for the whole amount for the condo for twenty years at 7.0% interest. a. What is the monthly payment on the mortgage? Construct the amortization of the loan for the twenty years in a spreadsheet to show the interest cost, the principal reduction, and the ending balance each month. b. Then change the amortization to reflect that after ten years, Sherry and Sam will increase their monthly payment to $7,500 per month. When will they fully repay the mortgage with this increased payment if they apply all the extra dollars above the original payment to the principal? Chapter 14: Problems 9, 10, 11 & 12 listed below: 9. Financial ratios: Liquidity. Calculate the current ratio, quick ratio, and cash ratio for Tyler Toys for 2013 and 2014. Should any of these ratios or the change in a ratio warrant concern for the managers of Tyler Toys or the shareholders? 10. Financial ratios: Financial leverage. Calculate the debt ratio, times interest earned ratio, and cash coverage ratio for 2013 and 2014 for Tyler Toys. Should any of these ratios or the change in a ratio warrant concern for the managers of Tyler Toys or the shareholders? 11. Financial ratios: Asset management. Calculate the inventory turnover, days’ sales in inventory, receivables turnover, days’ sales in receivables, and total asset turnover for 2013 and 2014 for Tyler Toys. Should any of these ratios or the change in a ratio warrant concern for the managers of Tyler Toys or the shareholders? 12. Financial ratios: Profitability. Calculate the profit margin, return on assets, and return on equity for 2013 and 2014 for Tyler Toys.
Should any of these ratios or the change in a ratio warrant concern for the managers of Tyler Toys or the shareholders?
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FIN 419 Week 3 DQ 1
For more classes visit www.snaptutorial.com What is zero working capital? How would you define zero working capital? When would this methodology be used? Would this model be applicable to all organizations? Explain.
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FIN 419 Week 3 DQ 2
For more classes visit www.snaptutorial.com
What is an asset? What is a liability? What is the difference between assets and liabilities? Can an organization operate without current liabilities? Explain.
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FIN 419 Week 3 Individual Assignment Biocom, Inc. Case Study
For more classes visit www.snaptutorial.com Read the "Mini-Case Biocom, Inc.: Part 2, Evaluating a New Product Line" from the end of Chapter 10 of Financial Management: Core Concepts. Complete questions 1-7 in MicrosoftÂŽ Excel. Evaluate the following in a 350-word response: Explain what depreciation, cash flow, operating cash flow and NPV are and how they interact with business decisions. Explain why these financial concepts are important for you as an employee, owner, or investor. Format your assignment consistent with APA guidelines. Click the Assignment Files tab to submit your assignment.
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FIN 419 Week 3 Individual Finance lab Problems
For more classes visit www.snaptutorial.com 1) Finding operating and free cash flows consider the balance sheets and selected data from the income statement of Keith Corporation. 2) Pro forma balance sheet – Basic Leonard Industries wishes to prepare a pro forma balance sheet for December 31, 2016. The firm expects 2016 sales to total $3,000,000. 3) Aggressive versus conservative seasonal funding strategy Dynacare Tool has forecast its total funding requirements for the coming year. 4) Initiating a cash discount Gardner Company currently makes all sales on credit and offers no cash discount. The firm is considering offering a 3% cash discount for payment within 15 days. The firm’s current average collection period is 60 days, sales are 40,000 units, selling price is $46 per unit, and visible cost per unit is $30. The firm expects that the change in credit terms will result in an increase in sales. 5) Cash conversion cycle American Products is concerned about managing cash efficiently. On the average, inventories have an age of 94 days, an accounts receivable are collected in 65 days. Accounts payable are paid approximately 30 days after they arise. The firm has
annual sales of about $31 million. Cost of goods sold is $22 million, and purchases are $13 million.
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FIN 419 Week 3 Individual My Finance Lab (NEW)
For more classes visit www.snaptutorial.com This Tutorial contains excel sheet P10-4 (similar to)
Opportunity cost. Richardses' Tree Farm, Inc. has branched into gardening over the years and is now considering adding patio furniture to its product lineup. Currently, the area where the patio furniture is to be displayed is a vacant slab of concrete attached to the indoor shop. The company originally paid $8000 to put in the slab of concrete three years ago. It would now cost $13000 to put in the same slab of concrete. Should the company consider the concrete slab when expanding its outdoor garden shop to include patio furniture? If yes, which value should it use?Should the company consider the concrete slab when expanding its outdoor garden shop to include patio furniture? If yes, which value should it use?
(Select the best
response.)
A. No. The slab is a sunk cost unless there is another use for the slab that could provide cash flow to Richardses' Tree Farm. The additional cash flow that the slab could provide is the opportunity cost, not the current replacement cost or the original cost. B.
Yes, use $13 comma 000 as the cost. C.
Yes, use $8 comma 000 as the cost.
P10-5 Working capital cash flow. Cool Water, Inc. sells bottled water. The firm keeps in inventory plastic bottles at 12% of the monthly projected sales. These plastic bottles cost $0.007 each. The monthly sales for the first four months of the coming year are as follows: What is the monthly increase or decrease in cash flow for inventory given that an increase is a use of cash and a decrease is a source of cash? Note: Enter a decrease as a negative number. What is the change in working capital for What is the change in working capital for What is the change in working capital for
January? February? March?
P13-3 (similar to) Average production cycle. Use the following account information to find the average production cycle for Rian Company. 2013 and 2014 Selected Balance Sheet Accounts of Rian Company
Cash sales $463,000 Credit sales $573,000 Total sales $1,036,000 Cost of goods sold $607,205 What is the average production cycle for Rian
Company?
P13-4 (similar to) Average production cycle. Use the following account information for Rian Company. 2013 and 2014 Selected Balance Sheet Accounts of Rian Company
12/31/14 12/31/13 Change Accounts receivable $42,912 $52,041 $9,129 Inventory $62,011 $66,087 $4,076 Accounts payable $29,433 $27,645 $1,788
2014 Selected Income Statement Items for Rian Company Cash sales $576000 Credit sales $500000 Total sales Cost of goods sold $554736 For the coming year, Rian Company wants to reduce its average production cycle to 39.5 days. If the target-ending inventory for 2015 is $68267 , what cost of goods sold will the company need to reach its goal? P13-5 (similar to)
Average collection cycle. Use the following account information to find the average collection cycle for Rian Company. 2013 and 2014 Selected Balance Sheet Accounts of Rian Company 2014 Selected Income Statement Items for Rian Company P 13-6 Average collection cycle. Use the following account information for Rian Company. 2013 and 2014 Selected Balance Sheet Accounts of Rian Company 2014 Selected Income Statement Items for Rian Company Cash sales Credit sales Total sales
Cost of goods sold
Rian Company had set a target of 23.2 days for the collection cycle for 2014. If total sales had remained at $ 965000, how much of the sales revenue would have needed to be cash sales for the company to have met the collection goal? P13-7 (similar to)
Average accounts payable cycle. Use the following account information to calculate Rian Company's average accounts payable cycle. 2013 and 2014 Selected Balance Sheet Accounts of Rian Company
2014 Selected Income Statement Items for Rian Company Cash sales $539000 Credit sales $664000 Total sales $1203000 Cost of goods sold $632489 P13-8 (similar to)
Average accounts payable cycle. Use the following account information for Rian Company. 2013 and 2014 Selected Balance Sheet Accounts of Rian Company Rian Company had set a target of 16.6 days for its payment (accounts payable) cycle. What would the ending balance in the accounts payable account for 2014 have needed to be to reach this target (holding all other accounts the same)?
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FIN 419 Week 3 Learning Team Assignment Capital Valuation Paper
For more classes visit www.snaptutorial.com Learning Team Assignment Capital Valuation Paper • Resource: Financial Outcomes Paper • Write a 1,050- to 1,750-word paper in which you justify the current market price of the organization’s debt, if any, and equity, using various capital valuation models.• Show calculations that support your findings, including those involving rates of return. • Defend which valuation model best supports your findings. • Format your paper according to APA standards.
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FIN 419 Week 3 Team Assignment Working Capital Strategies Paper and Presentation
For more classes visit www.snaptutorial.com Resource: Financial Outcomes Paper from Week 2 Review your organization's most recent financial reports, including balance sheets, statements of cash flow, management comments, and footnotes to financial statements.
Write a 1,400- to 2,100-word paper that addresses senior management in which you do the following: • Assume next year's forecasted revenues increase by 20%. • Explain how each current asset and liability account has affected cash management strategies. • Provide a detailed working capital recommendation based on next year's increase in revenue along with assumptions you make regarding other line items in the pro forma financial statements. • Support your recommendations with financial analysis to show how they maximize shareholder wealth. • Calculate and discuss the effect of the revenue increase on the firm's working capital policy. • Identify lessons learned and discuss areas for further development in your conclusion. Format your paper consistent with APA guidelines. Create a 5- to 8-slide Microsoft® PowerPoint® presentation for the organization's senior management with an executive summary of your Working Capital Strategies paper. Submit your assignment using the Assignment Files tab above.
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FIN 419 Week 4 DQ 1
For more classes visit www.snaptutorial.com What is the difference between operating and financial leverage?
What is the importance of assessing operating vs. financial leverage?
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FIN 419 Week 4 DQ 2
For more classes visit www.snaptutorial.com What is investment banking? How would the investment banker assist an organization in going public? As a CFO, what information would you need to select an investment banker?
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FIN 419 Week 4 DQ 3
For more classes visit www.snaptutorial.com
What are the risks of having an excessive amount of financial leverage in an organization? What is the degree of total leverage?
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FIN 419 Week 4 DQ 4
For more classes visit www.snaptutorial.com What is EBIT-EPS analysis? What is the indifference curve? How is risk factored into the EBIT-EPS analysis? What are the “basic short comings” of EBIT’s analyses?
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FIN 419 Week 4 Individual Finance lab Problems
For more classes visit www.snaptutorial.com 1) Bond prices and yields Assume that the Financial Management Corporation’s $1,000-per-value bond has a 7.100% coupon, matures on May 15, 2023, has a current price quote of 94.464 and yield to maturity(YTM) of 8.241%. 2) Common stock value –Constant growth Use the contrast-growth model (Golden model) to find the value of the firm. 3) Degree of operating leverage Grey Products has fixed operating costs of $382,000, variables operating costs of $15.61 per unit, and selling price of $62.91 per unit. 4) Degree of financial leverage North western Savings and Loan has a current capital structure consisting of $230,000 of 15% (annual interest) debt and 1,000 shares of common stock. The firm pays taxes at the rate of 30%. 5) Various Capital Structures Character Enterprises currently has $1.5 million in total assets and is totally equity financed. It is contemplating a change in its capital structure. Compute the amount of debt and equity that would be outstanding is the firm were to shift to each of the following debt ratios: 10%, 20%, 30%, 40%, 50%, 60%, and 90%.
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FIN 419 Week 4 Individual My FinanceLab (New)
For more classes visit www.snaptutorial.com P9-7 Net present value. Quark Industries has a project with the following projected cash flows: a. Using a discount rate of 9 % for this project and the NPV model, determine whether the company should accept or reject this project. b. Should the company accept or reject it using a discount rate of 17 %? c. Should the company accept or reject it using a discount rate of 18 %? P9-8 (similar to) Net present value. Lepton Industries has a project with the following projected cash flows: Initial cost: $470,000 Cash flow year one: $121,000 Cash flow year two: $260,000 Cash flow year three: $181,000 Cash flow year four: $121,000 a. Using a discount rate of 9 % for this project and the NPV model, determine whether the company should accept or reject this project. b. Should the company accept or reject it using a discount rate of 14 %?
c. Should the company accept or reject it using a discount rate of 21 %? P16-5 (similar to) Break-even EBIT (with and without taxes). Alpha Company is looking at two different capital structures, one an all-equity firm and the other a levered firm with $4.8 million of debt financing at 7 % interest. The all-equity firm will have a value of $8 million and 400,000 shares outstanding. The levered firm will have 160,000 160,000 shares outstanding. a. Find the break-even EBIT for Alpha Company using EPS if there are no corporate taxes. b. Find the break-even EBIT for Alpha Company using EPS if the corporate tax rate is 15 %. c. What do you notice about these two break-even EBITs for Alpha Company? P7-1 (similar to) Anderson Motors, Inc. has just set the company dividend policy at $0.85 per year. The company plans to be in business forever. What is the price of this stock if a. an investor wants a return of 4 %? b. an investor wants a return of 7 %? c. an investor wants a return of 9 %? d. an investor wants a return of 16 %? e. an investor wants a return of 18 %? P7-2 (similar to) Dietterich Electronics wants its shareholders to earn a return of 9 % on their investment in the company. At what price would the stock need to be priced today if Dietterich Electronics had a a. $0.40 constant annual dividend forever? b. $1.10 constant annual dividend forever? c. $1.60 constant annual dividend forever? d. $2.90 constant annual dividend forever?
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FIN 419 Week 4 Team Assignment Capital Structure Paper
For more classes visit www.snaptutorial.com Resource: Financial Outcomes Paper Write a 1,050- to 1,750-word paper in which you evaluate the capital structure of the organization. Complete the following in your paper: • Assume long term debt increases 10% at the same current cost of long-term debt. • Evaluate and compare the impact of the change in capital structure to the firm's operating and financial leverage. • Recommend an optimal capital structure that would maximize shareholder wealth--support recommendations with analysis and calculations. Format your paper consistent with APA guidelines. Submit your assignment using the Assignment Files tab above.
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FIN 419 Week 4 Team Assignment Problem Set (New)
For more classes visit www.snaptutorial.com Ch 10 Advanced Problem 2 Chapter 13 Problem 18 Chapter 12 Problem 17 Ch 11 Advanced problem 1 ADVANCED PROBLEMS FOR SPREADSHEET APPLICATION These problems are available in MyFinanceLab. 1. Erosion costs. Ice Cream City plans to introduce a new flavor, wild berry, to its current set of five flavors, which include vanilla, French vanilla, strawberry, chocolate, and mint chocolate. The new sales of wild berry are projected as follows: The expected sales will come from both new customers and current customers who switch flavors. The current projected sales for the existing flavors (assuming no introduction of the new flavor) are Projected Sales However, if the company introduces wild berry, it will cut into the sales of the original flavors based on the following estimates: Percentage of Sales Erosion Here are the revenue and cost per unit of ice cream for Ice Cream City: Vanilla: current revenue of $3.05 per unit and cost of $1.22 per unit French vanilla: current revenue of $3.15 per unit and cost of $1.38 per unit Strawberry: current revenue of $3.25 per unit and cost of $1.41 per unit
Chocolate: current revenue of $3.25 per unit and cost of $1.57 per unit Mint chocolate: current revenue of $3.25 per unit and cost of $1.63 per unit Wild berry: projected revenue of $3.25 per unit and cost of $1.44 per unit Find the annual erosion of revenue, the cost savings, and the net cash flow with the new ice cream. Ch 11 Advanced problem 1 Changing WACC and optimal choice. Austin Enterprises is currently an all-equity firm. The firm is considering selling debt (bonds) and retiring some of the equity. However, at each level of debt, debt becomes more expensive (cost of debt is rising), and the riskiness of the equity also rises with more and more debt. Using a spreadsheet, determine the best combination of debt and equity for Austin Enterprises if · The current beta of Austin Enterprises is 0.85. · The current market return is 12%. · The current risk-free rate is 3%. · The total equity is 20,000,000 shares at $25 per share. · Debt is sold in units of $2,000,000. · The first unit of debt has a cost of 7.5%. · The tax rate of Austin Enterprises is 40%. · For each additional unit of debt (each additional $2,000,000), the cost of debt rises by 0.85%, and the beta of Austin Enterprises rises by 0.025. Where is the WACC the lowest? Graph the results of the changing WACC Chapter 12 Problem 17 Working capital and capital budgeting. Farbuck’s Tea Shops is thinking about opening another tea shop. The incremental cash flow for the first five years is as follows: · Initial capital cost = $3,500,000 Operating cash flow for each year = $1,000,000 Recovery of capital assets after five years = $250,000
The hurdle rate for this project is 12%. If the initial cost of working capital is $500,000 for items such as teapots, teacups, saucers, and napkins, should Farbuck’s open this new shop if it will be in business for only five years? What is the most it can invest in working capital and still have a positive net present value? Chapter 13 Problem 18 Working capital and capital budgeting. Working capital investment is 25% of the anticipated first year sales for Wally’s Waffle House. The first-year sales are currently projected at $4,300,000. The incremental cash flow (not including working capital investment) is · Initial cash flow = $13,700,000 outflow Cash flow years 1 through 10 = $2,850,000 What is the internal rate of return of the ten-year project with working capital factored into the cash flow? What is the net present value at a 15% weighted average cost of capital? What is the maximum investment in working capital for an acceptable project with a 15% weighted average cost of capital?
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FIN 419 Week 4 Team Assignment Problem Sets
For more classes visit www.snaptutorial.com In case different Questions/problems are asked by your instructor just email me
Complete the following problem sets in Financial Management using Microsoft® Excel®: Chapter 7 : 5, 15 Chapter 9 : 10 Chapter 11 : 12 Chapter 16: 9, 10 Chapter 7 5. King Waterbeds has an annual cash dividend policy that raises the dividend each year by 4%. Last year’s dividend was $0.40 per share. What is the price of this stock if a. an investor wants a 5% return? b. an investor wants an 8% return? c. an investor wants a 10% return? d. an investor wants a 13% return? e. an investor wants a 20% return? 15. Using Yahoo! Finance (http://finance.yahoo.com/) and ticker symbol PEP, find PepsiCo’s historical dividend payment and current price. Historical dividends are available in the historical price section. Use these payments to find the annual dividend growth rate. (If you have a quarterly pattern be sure to annualize this quarterly growth rate.) Now, find the required rate of return for this stock, assuming that the future dividend growth rate will remain the same and the company has an infinite horizon. Does this return seem reasonable for PepsiCo? Chapter 9 – Q10 10. Net present value. Lepton Industries has four potential projects, all with an initial cost of $1,500,000. The capital budget for the year will allow Lepton to accept only one of the four projects. Given the discount rates and the future cash flows of each project, determine which project Lepton should accept.
ANSWER: Chapter 11 – Q12 12. Book value versus market value components. The CFO of DMI is trying to determine the company’s WACC. Brad, a promising MBA, says that the company should use book value to assign the components percentage for the WACC. Angela, a long-time employee and experienced financial analyst, says the company should use market value to assign the components. The after-tax cost of debt is at 7%, the cost of preferred stock is at 11%, and the cost of equity is at 14%. Calculate the WACC using both the book value and market value approaches with the following information. Which do you think is better? Why? Chapter 16 9. Finding the WACC. Monica is the CFO of Cooking for Friends (CFF) and uses the pecking order hypothesis (POH) philosophy when she raises capital for company projects. Currently, she can borrow up to $600,000 from her bank at a rate of 8.5%, float a bond for $1,100,000 at a rate of 9.25%, or issue additional stock for $1,300,000 at a cost of 17%. What is the WACC for CFF if Monica chooses to invest: a. $1,000,000 in new projects? b. $2,000,000 in new projects? c. $3,000,000 in new projects? 10. Finding the WACC. Chandler has been hired by Cooking for Friends to raise capital for the company. Chandler increases the funding available from the bank to $900,000, but with a new rate of 8.75%. Using the data in Problem 9, determine what the new weighted average cost of capital is for borrowing $1,000,000, $2,000,000, or $3,000,000 Prepare the DuPont analysis for each of the two companies you researched in Week 2. Develop a 350-word analysis of the following: Compare the two company findings. Analyze the research and calculations to determine in which company you would invest. Format the assignment consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.
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FIN 419 Week 4 Team Assignment Working Capital Strategies Paper
For more classes visit www.snaptutorial.com FIN 419 Week 4 Team Assignment Working Capital Strategies Paper Learning Team Assignment: Working Capital Strategies Paper and Presentation • Resource: Financial Outcomes Paper • Write a 1,400- to 2,100-word paper in which you review your organization’s most recent financial reports, such as balance sheets, statements of cash flow, management comments, and footnotes to financial statements, to explain how each current asset and liability account has affected cash management strategies. • Assume next year’s forecasted revenues increase by 20%. • Provide a detailed working capital recommendation to senior management based on next year’s increase in revenue along with assumptions you make regarding other line items in the pro forma financial statements. • Discuss the effect of this revenue increase on the firm’s working capital policy.
• Identify lessons learned and discuss areas for further development in your conclusion. • Format your paper according to APA standards
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FIN 419 Week 5 DQ 1
For more classes visit www.snaptutorial.com What is the SEC? How does it impact financial decision-making? What constraints might it put on a company?
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FIN 419 Week 5 DQ 2
For more classes visit www.snaptutorial.com
What would you consider to be a global equivalent(s) to the SEC within the USA? Are there individual reporting requirements comparable? Explain?
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FIN 419 Week 5 DQ 3
For more classes visit www.snaptutorial.com What is a multinational corporation? What are some of the constraints facing today’s multinational corporations? Predict how joint ventures and international mergers might address some of those constraints.
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FIN 419 Week 5 DQ 4
For more classes visit
www.snaptutorial.com What would be the constraints specifically dealing with different currencies and market rate fluctuatins?
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FIN 419 Week 5 Individual Assignment ICS Manufacturing Company Case Study
For more classes visit www.snaptutorial.com ICS Manufacturing Company Case Study ICS Manufacturing Company produces plastic parts for the automotive industry. Here is their Income Statement for 2015 – ICS Manufacturing Company Income Statement for 2015 $35,500,000 12,725,000
Sales Revenue Cost of Goods Sold
11,200,000 3,200,000 8,375,000 350,000 8,025,000 3,210,000 4,815,000
Selling, General & Admin Exp Depreciation Expense EBIT Interest Expense Taxable Income Taxes Net Income
Transfer this income statement to an Excel spreadsheet and begin to prepare a Pro Forma Income statement for 2016 based on the following information: 1. Sales revenue to increase 5.2%, COGS to increase 4.5%, S,G&A will increase 3.8% and depreciation expense will be $3,255,000. Assume interest expense to be $375,000 and taxes are to be 40% of taxable income. You will now have income statements for 2015 and 2016 for ICS Manufacturing. This is the balance sheet information for ICS Manufacturing Company: ICS Manufacturing Company Balance Sheet for year ending December 31, 2015 Assets Liabilities Cash $2,625,000 Payable $5,825,000
Accounts
Accounts Receivable $2,715,000 Liabilities $3,365,000 Inventories $1,514,000 Liabilities $9,190,000 Total Current Assets $6,854,000
Other Current Total Current
Long Term Assets Long Term Liabilities P, P & E $12,745,000 Long Term Debt $1,225,000 Goodwill $1,205,000 Other LT Debt $2,230,000 Intangible Assets $5,275,000 Liabilities $3,455,000 Total LT Assets $19,225,000 Total Liabilities $12,645,000 Total Assets $26,079,000
Owners’
Equity Stock
$6,425,000
Earnings
$7,009,000
Owners’ Equity Liab/OE
Total LT
$13,434,000 $26,079,000
Common Retained Total Total
Transfer this balance sheet to an Excel spreadsheet and begin to prepare a Pro Forma Balance Sheet for 2016 based on the following information: 2. Cash will increase to $2,825,000 and accounts receivable will increase by 15%. The inventories will go up 35% and P, P, &E will
go up $2,000,000 with an expansion to the plant. Long term debt will increase to $2,000,000 to help finance the plant expansion and add $1,137,150 to other LT debt.. You will now have balance sheets for 2015 and 2016 for ICS Manufacturing. Using the 2015 and 2016 financials for ICS, complete the following – show calculations and/or numbers you used to derive your answer: 3. ICS wants to take around $400,000 of its cash and invest in marketable securities. They anticipate receiving around $7.5% interest on their investment and would like to have it held for 10 years. What will be the FV of this $400,000 investment? 4. ICS believes they will only gain a 6% return on their $400,000 investment. Using the Rule of 72, how many years will it take to double their investment? 5. ICS plans on expanding their plant and will fund $2,000,000. Part of the funding will come from cash, but the balance of $775,000 will be financed. The interest rate will be 5% and ICS plans on borrowing the funds for 4 years. Prepare a loan amortization schedule for the 4 years with 5% interest for the $775,000 and assume making one payment per year. Show the schedule. 6. Using your 2015/2016 Income Statement and Balance Sheet, add a column for percentage of total. Compute the percentages for each line item for the financial statements. For the 2015 Income Statement, what is the percentage of COGS as compared to total sales? Is this figure reasonable and what is COGS and why is it important to a company? 7. Financial Ratios provide information to analyze a company’s performance. Solve the following ratios for 2015 and 2016 using the Income Statement and Balance sheets you prepared for ICS Manufacturing.
a. b. c. d. e. f. g. h. i. j.
Current Ratio – current assets/current liabilities Quick Ratio – (current assets – inventories)/current liabilities Cash Ratio – cash/current liabilities Debt Ratio – total liabilities/total assets Cash Coverage Ratio – (EBIT + depreciation/interest expense Inventory Turnover – cost of goods sold/inventory Receivables Turnover – sales/accounts receivable Total Asset Turnover – sales/total assets Profit Margin – net income/sales Return on Equity – net income/total owner’s equity
8. Find the industry ratios for the company using the Dun & Bradstreet® Key Business Ratios. Locate the Dunn & Bradstreet Database by accessing the University of Phoenix Library and then locating Library Resources. Click on Alphabetical List of Resources and find Dunn and Bradstreet. Click on the link and search for your selected company. ISC is a manufacturing company of plastic parts for the automotive industry – try and select a company closest to our company. Please use 3089 Plastic Products and NAICS of 326199 for manufacturing using 2014 data and the lower amount. Only provide the Quick and Current Ratios from 2015/2016 from problem 7 and add the ratios from Dun & Bradstreet to compare and briefly suggest what direction ICS should head into with the comparison. 9. ICS plans to expand their operations as stated in Problem 5 – and are considering taking the loan – however, they have a few investors that are interested in lending money for this venture. They need a total of $775,000, and if they lend the money today, ICS will repay it, with interest, at the end of the year. Company A agrees to lend $300,000 and they require 5% interest, Company B will lend $200,000 at 6% interest, and Company C will loan the balance but they won’t settle for less than 10% interest. What is the weighted average cost of this capital (WACC)?
10. In 250-350 words, explain what cash flow is and why cash is so important to a business. Include in your analysis the cash that ICS maintains on hand and whether it is sufficient or not.
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FIN 419 Week 5 Individual My FinanceLab (with Excel File)
For more classes visit www.snaptutorial.com With Excel File (This Tutorial contains excel file to solve question for any values) P18-1 Foreign exchange and commodity prices. While traveling in the following countries, you see twenty-ounce plastic bottles of Coca-Cola. You know the price in the United States for a Coke is $0.990.99 , but the countries have the following prices: Canada: C$1.54 Japan: ¥155 England: £0.46
European euro€0.89
Union:
What is the implied exchange rate for U.S. dollars and these four currencies? P18-3 You are taking a trip to six European countries. It is a ten-day trip, and you are taking $ 3900 The current direct conversion rate is $1.1723 for euros. While in Europe, you spend euro€3 161.323 You convert your remaining euros back to U.S. dollars upon your return. If the exchange rates remained the same over your trip, how much do you have left in U.S. dollars? P18-4 Currency exchange rates. On the day you arrive in England, the exchange rate for U.S. dollars and British pounds is $1:pound 0.53 You have $3900 , which you convert to pounds. While you remain in England for the next two weeks, the exchange rate falls to $1:£0.490 As you leave England, you convert the £126 you have left to dollars. How much did you spend in England in U.S. dollars? Did the movement in the exchange rate help or hurt you?
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FIN 419 Week 5 Learning Team Assignment International Finance Paper (2 Papers)
For more classes visit www.snaptutorial.com This Tutorial contains 2 different Papers Research an organization that has an international presence. Write a 1,400- to 1,750-word paper on your organization in which you complete the following: • Explain how the global investment banking process has assisted the organization. • Explain how regulatory bodies affect financial decision making. • Identify and evaluate contemporary issues in international financial management. Format your paper consistent with APA guidelines. Submit your assignment using the Assignment Files tab above.
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