...Note: Our second case assignment for the quarter is the Harvard Business School Brief Case about Lyons Document Storage Corporation. Please go to our class website and buy the Harvard Case, but then use the following modification for you analysis and discussion. Please attach the copy of the Harvard case to your submission so that I will know that you purchased it. I think you’ll find this to be a little more straightforward presentation of the key issues. Lyons Document Storage Corporation: Bond Accounting. In December 2014, Rene Cook sat in her cubicle trying to remember what she had learned in business school about bonds and bond accounting. Ms. Cook, a new MBA and special assistant in a training assignment with the company president, had just met with David Lyons, president of Lyons Document Storage Corporation. He had asked her to think about the possible consequences of repurchasing company bonds outstanding using cash that he felt could be obtained by issuing new bonds with a lower interest rate. My Lyons had asked Rene to focus on how much the company’s annual interest payments could be reduced, how reported earnings would be affected, and how the refunding would change the company’s financial position as referenced on the balance sheet, if at all. The Company The Lyons Company was a family business in the stationary supply business until the document storage opportunity appeared in the early 1990’s. Lyons Document Storage Corporation was incorporated...
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...Note: Our second case assignment for the quarter is the Harvard Business School Brief Case about Lyons Document Storage Corporation. Please go to our class website and buy the Harvard Case, but then use the following modification for you analysis and discussion. Please attach the copy of the Harvard case to your submission so that I will know that you purchased it. I think you’ll find this to be a little more straightforward presentation of the key issues. Lyons Document Storage Corporation: Bond Accounting. In December 2014, Rene Cook sat in her cubicle trying to remember what she had learned in business school about bonds and bond accounting. Ms. Cook, a new MBA and special assistant in a training assignment with the company president, had just met with David Lyons, president of Lyons Document Storage Corporation. He had asked her to think about the possible consequences of repurchasing company bonds outstanding using cash that he felt could be obtained by issuing new bonds with a lower interest rate. My Lyons had asked Rene to focus on how much the company’s annual interest payments could be reduced, how reported earnings would be affected, and how the refunding would change the company’s financial position as referenced on the balance sheet, if at all. The Company The Lyons Company was a family business in the stationary supply business until the document storage opportunity appeared in the early 1990’s. Lyons Document Storage Corporation was incorporated...
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...AP STATISTICS READING/HOMEWORK ASSIGNMENT SHEET |Chapter and Section |Read Pages |EXERCISES |HOMEWORK |DUE DATE | | | | | | | |Section 1.1 |38-46 |1.1-1.6 | | | | |48-54 |1.7-1.12 | | | | |60-64 |1.13-1.18 |1.19, 1.21, 1.23, 1.24, 1.25, sketch histograms| | | | | |on your paper and then compare, 1.26 | | |Quiz | | | | | |Section 1.2 |69-74 |1.27-1.32 | | | | |75-81 |1.33-1.38 | | | | |84-88 |1.39-1.44 | | | | |90-96 ...
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...NORTHEASTERN UNIVERSITY - GRADUATE SCHOOL OF BUSINESS ADMINISTRATION MGSC 6200: DATA ANALYSIS Spring, 2015 Instructor Information Name: Dr. Nizar Zaarour E-mail address: n.zaarour@neu.edu Office: 214 Hayden Hall Office hours: Monday and Wednesday: 12 – 2 PM and by appointment. Course Overview The objectives of this course are: (1) To provide you with an understanding of statistical methods and techniques and their usefulness in the decision-making process, (2) To expose you to the methods of descriptive and inferential statistics and how can be used to solve business problems, (3) To improve upon your data analysis and computer skills, (4) To help you develop the skills to recognize the appropriate statistical tool to analyze business problems, and (5) To provide you with the necessary tools for critical evaluation, correct interpretation, and presentation of the results of statistical analyses. Textbook and Software 1) Business Statistics: For Contemporary Decision Making, 7th Edition, by Ken Black, (Wiley). 2) Microsoft Excel. Course Organization The course web page is located in the Blackboard system at http://blackboard.neu.edu. Course materials and announcements will be posted on the course site. A Blackboard tutorial is available at http://www.discoveringblackboard.neu.edu. The textbook is quite easy to read and covers a lot of ground. However, some of the topics are not covered in depth. Class discussions, handouts, and my lecture notes will fill these gaps. Course...
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...CALIFORNIA STATE UNIVERSITY, SACRAMENTO College of Business Administration ACCY 1-11 – Fundamentals of Financial Accounting SYLLABUS / Fall 2015 PROFESSOR: Behrooz Amini, MBA, MA, CPA OFFICE: TAH-2121 OFFICE HOURS: T/R: 10:45 to 11:30 am, and by appointment OFFICE PHONE: 916-278-7154 (No voice mail available) E-MAIL: amini@csus.edu The most effective and efficient way to communicate. Class Days, Time, and Room T / R, 9-10:15 am, Amador Hall - 152 Course Description: Accounting as the basis of an information system with emphasis on concepts and assumptions underlying data accumulation for financial reports. It includes the concepts of income determination, cash flow position, financial position, and accounting for various types of ownership equities ( a corporation emphasis). Course Objectives: After successfully completing ACCY 1, you should have the basic knowledge and understanding of a company’s (a corporation emphasis) financial and economic resources. You should also be able to analyze and interpret the results of operations, cash flow situation, and the financial position. Prerequisite: Entry Level Math (ELM) test of at least 36, and fair knowledge of Excel. Required Textbook: Financial Accounting, 3nd Edition, Spiceland / Publisher: McGraw Hill (Loose-leaf pages) with Connect+ Access /ISBN#: 9781259757099 • Connect log-in: http://connect.mheducation.com/class/b-amini-accy-1-11_-9-to-1015-am ...
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...expansion. Also, some companies finance their assets with borrowed funds, while others avoid that leverage and finance their assets with owners’ equity. Of course, one other reason for some of the variation in reported results between companies is the differing competencies of management. Given the same industry characteristics and the same management policies, different companies may report different financial results simply because their managements perform differently. Those differences in industry characteristics, in company policies, and in management performance are reflected in the financial statements published by publicly held companies, and can be highlighted through the use of financial ratios. Exhibit 1 presents balance sheets in percentage form and selected ratios computed from...
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...finance their assets with borrowed funds, while others avoid that leverage and finance their assets with owners’ equity. Of course, one other reason for some of the variation in reported results between companies is the differing competencies of management. Given the same industry characteristics and the same management policies, different companies may report different financial results simply because their managements perform differently. Those differences in industry characteristics, in company policies, and in management performance are reflected in the financial statements published by publicly held companies, and can be highlighted through the use of financial ratios. Exhibit 1 presents balance sheets in percentage form and selected ratios computed from fiscal-2005 balance sheets...
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...rapidly grown in numbers throughout the universities worldwide. Based on my experience as a finance professor, I have summarized this teaching note to demonstrate an alternative pedagogical tool in performing financial ratio analysis. The class assignment presented hereinafter is designed to help students learn how to assess the company's overall operations and current financial standing via an on-line database available in MSN Money website. It can be used in any corporate flnance class. I collected student feedback on the assignment, and the vast majority of the survey participants perceived the assignment as a very good learning experience. Keywords: financial ratio analysis. Du Pont analysis INTRODUCTION inancial ratio analysis is an important topic and is covered in all mainstream corporate finance textbooks. It is widely used to summarize the information in a company's financial statements so as to analyze its financial condition and performance. In today's information technology world, real time financial data is readily available via many financial websites, such as MSN Money, Google Finance, Yahoo Finance, etc. As students now have easy access to on-line financial databases, professors can now modify class assignments on ratio analysis accordingly to enhance teaching effectiveness and student leaming. Based on my...
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...For exclusive use at University of Pennsylvania, 2015 3215 REV: JUNE 21, 2010 WILLIAM J. BRUNS Lyons Document Storage Corporation: Bond Accounting In December 2008 Rene Cook sat in her cubicle trying to remember what she had learned in business school about bonds and bond accounting. Ms. Cook, a new MBA and special assistant in a training assignment with the company president, had just met with David Lyons, president of Lyons Document Storage Corporation. He had asked her to think about the possible consequences of repurchasing company bonds outstanding using cash that he felt could be obtained by issuing new bonds with a lower interest rate. Mr. Lyons had asked Rene to focus on how much the company's annual interest payments could be reduced, how reported earnings would be affected, and how the refunding would change the company's financial position as referenced on the balance sheet, if at all. The Company The Lyons Company was a family business in the stationary supply business until the document storage opportunity appeared in the early 1990s. Lyons Document Storage Corporation was incorporated in 1993 to compete in the emerging and rapidly growing industry that provides secure, off-site storage of documents for other corporate customers. The demand for storage was fueled by the need for corporations to retain records of sales contracts, employment records, compliance records, and other documents. The convenience of secure storage and easy recovery in professionally managed...
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...Students should also be able to critically evaluate the use of international financial management models within a case analysis framework. Prerequisite BUS 106 with a grade of "C-" or better OR ECON134 with a grade of "C-" or better Course Materials Notes Lecture notes will be posted on iLearn throughout the term. Textbook International Financial Management, 11th ed, by Madura Business press Such as the Wall Street Journal, the Economist, and etc. 1 Grading Policy Grade elements will be posted on iLearn. If you find any problem with your score, you must inform the instructor within one week from the time this score is posted. After one week, scores will not be reviewed. In the case of score dispute, the entire exam or assignment will be reviewed, not just the question(s) in dispute. The score could go up, down, or remain the same. A. Exams (65%) There will be two exams. Both the mid-term and...
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...“Calculate and make a recommendation on how Telus should employ their cost of capital." Introduction: In introducing this case the basic problem do be solved deals with determining the cost of capital within the organization of Telus. Barb Williams and Rick Thomas both managers from service firms, were attending a business seminar when given an assignment to calculate the cost of capital for Telus. They were given basic data including balance sheets, income statement, data on Telus common stock, market index, and average annual returns in North America capital markets. This information was given to them in order to calculate the cost of capital within the company and to make a recommendation on how to employ their cost of Capital. In order to determine the actual cost of capital, various steps need to be taken in finding out cost of debt, equity, preferred shares in order to determine the overall weighted average cost of capital (WACC) within the company. What is WACC? Weighted average cost of Capital is defined as a calculation of a firm’s cost of capital in which each category of capital is properly weighted. All capital resources are used in determining this cost which includes common stock, preferred stock, bonds and any other long term debt. Calculating overall WACC. Use of short and Long term debt When calculating the cost of debt for this case, it is necessary to take into account both the long and short term components of Telus’ financing via debt...
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...Financial Reporting Problem, Part 2 At the end of the most recent annual reporting period in 2014, the Walmart Corporation reported its total assets at $204,751 million dollars. At the end of the previous accounting period on January 31, 2013 the total current assets where listed at $203,105 million. This is important because current assets are useful for determining the liquidity of a company. If Walmart’s assets had decreased dramatically within one year, it would result in being a greater risk for creditors. Cash and Cash Equivalents are liquid assets on a balance sheet for a company. These assets can be converted into cash if needed and are treated like cash. “Cash and cash equivalents were $9.1 billion and $7.3 billion for fiscal 2015 and 2014, respectively. Our working capital deficit was $2.0 billion and $8.2 billion at January 31, 2015 and 2014, respectively. The decrease in our working capital deficit is primarily the result of using less of our net cash provided by operating activities for share repurchases and capital expenditures during fiscal 2015, which allowed us to reduce our short term borrowings.” “The decrease in cash flows provided by operating activities in fiscal 2014, when compared to the previous fiscal year, was primarily due to the timing of income tax payments, as well as lower income from continuing operations.” (http://www.corporatereport.com/walmart/2015/ar/_downloads/walmart_2015_ar.pdf) A liability that represents the amount of money...
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...Queensland University of Technology QUT Business School School of Management WEEK 1 UNIT INFORMATION – 2013 In addition to the Official Unit outline found on QUT Virtual this document will provide specific information about the unit as it will run this semester. MGB310; Sustainability in a Changing Environment Semester | Semester 1, 2013 | Unit Coordinator | Name: Noel TraceyPhone: 3138 1344Fax: 3138 1313Room: Z911Email: n.tracey@qut.edu.au | Consultation Times | Monday, 4-6pm | MODIFICATIONS TO UNIT FROM STUDENT FEEDBACK Student feedback from semester two last year has been implemented in relation to several major changes to the unit including assessment. Firstly, the number of assessment items has been reduced from 3 to 2. This is partly in recognition of the multitude of pressures placed on students during peak assessment periods. Additionally, presentations will no longer be assessed outside of tutorials; seminar days, held in weeks 6, 7 and 8, inside the normal tutorial times provide the opportunity to present your work to an audience. CONTENT - LECTURES Week | Week Commencing | Lecture Content and Readings | Tutorial Content | 1 | 25/02 | Introduction to sustainability, the economy and societyReading: Moscardo et. al. Chapter 1(Custom text: Ch1) | No Tutorial | 2 | 4/03 | Sustainability, stakeholders and the nature of the firmReading: Moscardo et. al. Chapter 2(Custom text: Ch2) | * Overview of assessment requirements including...
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...Course Design Guide IT/237 Version 5 1 Course Design Guide College of Information Systems & Technology IT/237 Version 5 Intro to Web Design II Copyright © 2012, 2009, 2007, 2006 by University of Phoenix. All rights reserved. Course Description This course introduces development tools and techniques used to publish Web pages on the World Wide Web. Students use basic Hypertext Markup Language (HTML), scripting, and presentational technologies to create ™ websites without the aid of a software authoring application. Topics include XHTML, CSS, JavaScript , server hosting, site publication, site maintenance, and search engine optimization. Policies Faculty and students will be held responsible for understanding and adhering to all policies contained within the following two documents: University policies: You must be logged into the student website to view this document. Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. Course Materials Bojack, H. (2010). New perspectives on blended HTML, XHTML, and CSS: Introductory (2nd ed). Mason, OH: Cengage Learning. Gosselin, D. (2011). JavaScript (5th ed.). Mason, OH: Cengage Learning. Software Dreamweaver CS5 provided...
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...Blackboard content page. The questions, in three parts, are on the next pages. Submission Requirements * You must hand in your face-to-face submissions at the beginning of the class. TAs will pick up the submissions within five to ten minutes of the start of class. If you arrive after the TA has picked up the assignment, or after 10 minutes of the start of class (whichever occurs first), you won’t be able to hand it in and you will receive a zero for that assignment. * You have to hand in your face-to-face assignment in the section you’re registered in. * Face-to-face assignments must be typed. * All parts must be completed with demonstrated effort in order to be graded “complete” Face-to-face hand-in #3 Capital Assets Due: Session 3 PART 1 For this part of the Face-to-Face you’ll use Nestlé Group’s 2012 consolidated financial statements and the 2012 Annual Report. You’ll find these documents on the Blackboard content page under the Face-to-Face tab. 1. How much depreciation expense did Nestlé record in 2012? $2,711M CHF 2. What amount of property, plant, and equipment did Nestlé report on its December 31, 2012 balance sheet? What does the amount represent? 26,903M CHF. This is the net amount (gross less accumulated depreciation) 3. What useful life does Nestlé estimate for its machinery and equipment? 10-25 years 4. What residual value does Nestlé give to all its assets except for head offices? Zero for all asset types except...
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