Free Essay

Doc, Arg

In:

Submitted By hunguyen1308
Words 2216
Pages 9
MÔN HỌC:

TÀI CHÍNH DOANH NGHIỆP 2
Giảng viên: Nguyễn Thị Thùy Linh www.bankingfinance.info Linh.Nguyen@ueh.edu.vn

NỘI DUNG TRÌNH BÀY
Giới thiệu môn học

Ôn lại TCDN1

Giới thiệu TCDN2

Phân tích và quyết định sử dụng đòn bẩy hoạt động

1

GIỚI THIỆU MÔN HỌC
Mục tiêu  Bổ sung một số nội dung chưa xem xét trong TCDN 1  Tập trung chủ yếu vào quyết định nguồn vốn và quản lý rủi ro tài chính  Nội dung  10 bài giảng như trong đề cương  1 bài ôn tập  Phương pháp  Sinh viên chủ động đọc tài liệu theo hướng dẫn  Thảo luận và xử lý tình huống đặt ra  Hướng dẫn ứng dụng lý thuyết vào thực tiễn


GIỚI THIỆU MÔN HỌC
Đánh giá:  Thảo luận nhóm:  Bài tập tình huống:  Bài kiểm tra giữa kỳ:  Bài thi hết môn:  Tài liệu học tập

  

15% 20% 15% 50%

Brigham, E.F., Houston, J.F., Chiang Y., Lee, H., Ariffin B. (2010), Essentials of Financial Management (2nd ed.), Cengage Learning Nguyễn Minh Kiều (2010), Tài chính doanh nghiệp căn bản (tái bản lần 2). NXB Thống Kê Bài giảng và các tài liệu do giảng viên cung cấp

2

GIỚI THIỆU MÔN HỌC
Giảng viên:  PGS.TS Nguyễn Minh Kiều (kieu.NM@ou.edu.vn)  ThS. Nguyễn Thị Thùy Linh (Linh.Nguyen@ueh.edu.vn)  ThS.Vũ Thị Bích Ngọc (vbichngoc@gmail.com)

GIỚI THIỆU MÔN HỌC
Buổi 1 Ngày 21/10/2014 Nội dung Chương 1: Giới thiệu tài chính doanh nghiệp 1 và 2 Chương 2: Phân tích và quyết định sử dụng đòn bẩy hoạt động 2 3 4 5 6 7 8 9 10 28/10/2014 04/11/2014 11/11/2014 18/11/2014 25/11/2014 02/12/2014 09/12/2014 16/12/2014 23/12/2014 Chương 3: Phân tích và quyết định sử dụng đòn bẩy tài chính Chương 4: Quyết định chính sách cổ tức công ty Chương 5: Nhận dạng và đo lường rủi ro tài chính Chương 6: Quản lý rủi ro tín dụng và rủi ro lãi suất Chương 7: Quản lý rủi ro tỷ giá Chương 8: Quản trị tài chính đa quốc gia Chương 9: Sáp nhập và thâu tóm công ty Chương 10: Lý thuyết M&M – Trường hợp không có thuế Chương 11: Lý thuyết M&M – Trường hợp có thuế Cô Ngọc Cô Ngọc Cô Linh Cô Linh Cô Linh Cô Linh Cô Linh Thầy Kiều Thầy Kiều Giảng viên Cô Linh

3

ÔN LẠI TCDN 1
Tài chính doanh nghiệp là gì?  Mục tiêu của công ty  Mục tiêu của quản trị tài chính  Sự khác biệt giữa:  Quản trị tài chính và tài chính công ty  Quản trị tài chính và kế toán  Các quyết định của quản trị tài chính  Giá trị tiền tệ theo thời gian  Mô hình chiết khấu dòng tiền và ứng dụng của nó  Mô hình định giá tài sản vốn và ứng dụng của nó


GIỚI THIỆU TCDN 2


Các quyết định nguồn vốn
  

Đòn bẩy hoạt động và đòn bẩy tài chính Huy động nguồn vốn Xác định chi phí sử dụng vốn Các lý thuyết về cấu trúc vốn của công ty Lý thuyết M&M



Quyết định cấu trúc vốn
 

Quyết định chính sách cổ tức  Quyết định mua bán và sáp nhập công ty  Các quyết định quản lý rủi ro tài chính

  

Nhận dạng rủi ro tài chính Quản lý rủi ro tín dụng và rủi ro lãi suất Quản lý rủi ro tỷ giá

4

BAØI 1
PHAÂN TÍCH VAØ QUYEÁT ÑÒNH SÖÛ DUÏNG ÑOØN BAÅY HOAÏT ÑOÄNG

NOÄI
1. 2. 3. 4. 5. 6. 7. 8.

DUNG TRÌNH BAØY

Ñoøn baåy hoaït ñoäng Phaân tích taùc ñoäng cuûa ñoøn baåy hoaït ñoäng Phaân tích ñieåm hoaø voán Xaùc ñònh ñoä baåy hoaït ñoäng Quan heä giöõa ñoä baåy hoaït ñoäng vaø ñieåm hoaø voán Quan heä giöõa ñoä baåy hoaït ñoäng vaø ruûi ro doanh nghieäp YÙ nghóa cuûa ñoøn baåy hoaït ñoäng trong quaûn trò taøi chính Öùng duïng ñoøn baåy hoaït ñoäng

5

CAÙC
Ñoøn

KHAÙI NIEÄM VEÀ ÑOØN BAÅY

baåy (leverage) – Söû duïng ñieåm töïa coá ñònh ñeå gia taêng (baåy leân) khaû naêng sinh lôïi. Ñoøn baåy hoaït ñoäng (operating leverage) – Söû duïng chi phí hoaït ñoäng coá ñònh nhaèm noã löïc gia taêng lôïi nhuaän hoaït ñoäng (EBIT) Ñoøn baåy taøi chính (financial leverage) – Söû duïng chi phí taøi trôï coá ñònh nhaèm noã löïc gia taêng lôïi nhuaän cho coå ñoâng (EPS).

ÑOØN
 Ñoøn

BAÅY HOAÏT ÑOÄNG

baåy hoaït ñoäng (operating leverage) Söû duïng chi phí hoaït ñoäng coá ñònh nhaèm noã löïc gia taêng lôïi nhuaän hoaït ñoäng (EBIT)  Chi phí coá ñònh Chi phí khoâng thay ñoåi khi soá löôïng thay ñoåi. Ví duï: Caùc loaïi chi phí nhö khaáu hao, baûo hieåm, moät boä phaän chi phí ñieän nöôùc vaø moät boä phaän chi phí quaûn lyù…  Tyû soá ñoøn baåy hoaït ñoäng ñöôïc ño löôøng baèng caùc tyû soá:  Chi phí coá ñònh / Toång chi phí  Chi phí coá ñònh / Toång doanh thu

6

TAÙC ÑOÄNG CUÛA ÑOØN BAÅY HOAÏT ÑOÄNG
Ba yeáu toá cô baûn cuûa ñoøn baåy:  Löïc taùc ñoäng  Ñieåm töïa  Vaät caàn baåy

Ba yeáu toá cô baûn cuûa ñoøn baåy hoaït ñoäng:  Löïc taùc ñoäng – Doanh thu thay ñoåi  Ñieåm töïa – Chi phí hoaït ñoäng coá ñònh  Vaät caàn baåy – Lôïi nhuaän hoaït ñoäng

PHAÂN TÍCH TAÙC ÑOÄNG CUÛA ÑOØN BAÅY HOAÏT ÑOÄNG
Coâng ty F Phaàn A: Tröôù c khi thay ñoå i doanh thu Doanh thu 10.000$ Chi phí hoaït ñoäng Chi phí coá ñònh 7.000 Chi phí bieá n ñoå i 2.000 Lôïi nhuaän hoaï t ñoä ng (EBIT) 1.000 Tyû soá ñoøn baå y hoaï t ñoä ng Chi phí coá ñònh/ toång chi phí 0,78 Chi phí coá ñònh/ doanh thu 0,70 Phaàn B: Sau khi doanh thu taêng 50% trong nhöõng naêm keá tieáp Doanh thu 15.000$ Chi phí hoaït ñoäng Chi phí coá ñònh 7.000 Chi phí bieá n ñoå i 3.000 Lôïi nhuaän hoaï t ñoä ng (EBIT) 5.000 Phaàn traêm thay ñoåi EBIT 400% (EBITt – EBITt -1)/ EBITt -1 Coâng ty V 11.000$ 2.000 7.000 2.000 0,22 0,18 16.500$ 2.000 10.500 4.000 100% Coâng ty 2F 19.500$ 14.000 3.000 2.500 0,82 0,72 29.250$ 14.000 4.500 10.750 330%

7

KEÁT LUAÄN RUÙT RA
Doanh thu taêng Khoâng söû duïng ñoøn baåy hoaït ñoäng EBIT taêng Doanh thu taêng Söû duïng ñoøn baåy hoaït ñoäng

<

EBIT taêng

Söû duïng ñoøn baåy hoaït ñoäng laøm cho EBIT taêng vôùi toác ñoä lôùn hôn laø khoâng söû duïng ñoøn baåy hoaït ñoäng

PHAÂN


TÍCH ÑIEÅM HOAØ VOÁN

– KHI

NAØO NEÂN SÖÛ DUÏNG

ÑOØN BAÅY HOAÏT ÑOÄNG

(1)

Phaân tích hoaø voán – Phaân tích quan heä giöõa soá löôïng tieâu thuï (hoaëc doanh soá) so vôùi lôïi nhuaän vaø chi phí  Ñieåm hoaø voán – Ñieåm soá löôïng hoaëc doanh soá ôû ñoù doanh thu baèng chi phí, do ñoù, lôïi nhuaän baèng 0 Ñaët: EBIT = lôïi nuaän tröôùc thueá vaø laõi P = ñôn giaù baùn V = bieán phí ñôn vò (P – V) = laõi goäp Q = soá löôïng saûn xuaát vaø tieâu thuï F = ñònh phí QBE = soá löôïng hoaø voán

8

PHAÂN

TÍCH ÑIEÅM HOAØ VOÁN

– KHI

NAØO NEÂN SÖÛ DUÏNG

ÑOØN BAÅY HOAÏT ÑOÄNG

(2)

Taïi ñieåm hoaø voán Doanh thu = Toång chi phí PQBE = VQBE + F (P – V) QBE = F QBE = F/(P – V) Giaû söû coâng ty saûn xuaát xe ñaïp coù ñôn giaù baùn laø 50$, chi phí coá ñònh haøng naêm laø 100.000$ vaø chi phí bieán ñoåi laø 25$/ ñôn vò QBE = F/(P – V) = 100.000/(50 – 25) = 4.000 ñv

PHAÂN
Ñaët: SBE FC VCBE

TÍCH ÑIEÅM HOAØ VOÁN THEO DOANH THU
= Doanh thu taïi ñieåm hoaø voán = Chi phi coá ñònh = Toång chi phí bieán ñoåi taïi ñieåm hoaø voán

Taïi ñieåm hoaø voán: SBE = FC + VCBE = FC +(VCBE/SBE)SBE Maø VCBE/SBE = VC/S ôû baát cöù möùc doanh thu naøo. Do ñoù: SBE = FC + (VC/S)SBE => SBE = FC/[1 – (VC/S)]

9

PHAÂN

TÍCH ÑIEÅM HOAØ VOÁN THEO DOANH THU

(2)

Söû dung soá lieäu coâng ty F, V vaø 2F ñaõ cho, xaùc ñònh ñieåm hoaø voán theo doanh thu:  Coâng ty F:
SBE = FC/[1 – (VC/S)]=7000/[1 – 2000/10000] = 8750

 Coâng  Coâng

ty V:

ty 2F:

BIEÅU DIEÃN HÌNH HOÏC CUÛA PHAÂN TÍCH HOAØ VOÁN
Doanh thu vaø chi phí (1000$)
Doanh thu 300

250 Toång chi phí 200

150 Bieán phí 100 Ñònh phí 50 Soá löôïng saûn xuaát vaø tieâu thuï

0

1000

2000

3000

4000

5000

6000

10

ÑO LÖÔØNG TAÙC ÑOÄNG CUÛA ÑOØN BAÅY HOAÏT ÑOÄNG
Ñoä baåy hoaït ñoäng (degree of operating leverage – DOL) – chæ tieâu ño löôøng möùc ñoä taùc ñoäng cuûa ñoøn baåy hoaït ñoäng leân lôïi nhuaän khi soá löôïng tieâu thuï hoaëc doanh thu thay ñoåi.
Ñoä baåy hoaït ñoäng (DOL) ôû möùc saûn löôïng Q (doanh thu S)

=

Phaàn traêm thay ñoåi lôïi nhuaän hoaït ñoäng Phaàn traêm thay ñoåi saûn löôïng (hoaëc doanh thu)

DOL 

 EBIT / EBIT Q / Q

COÂNG THÖÙC XAÙC ÑÒNH ÑOÄ BAÅY HOAÏT ÑOÄNG
 Ñoä

baåy hoaït ñoäng theo saûn löôïng
Q( P  V ) Q  Q ( P  V )  F Q  QBE

DOLQ 

 Ñoä

baåy hoaït ñoäng theo doanh soá
DOL S  S V EBIT  F  S V  F EBIT

11

GIAÛ SÖÛ COÂNG TY SAÛN XUAÁT XE ÑAÏP COÙ ÑÔN GIAÙ BAÙN LAØ 50$, CHI PHÍ COÁ ÑÒNH HAØNG NAÊM LAØ 100.000$ VAØ CHI PHÍ BIEÁN ÑOÅI LAØ 25$/
ÑÔN VÒ

Ñoä baåy hoaït ñoäng theo saûn löôïng
DOL5000 
DOL6000 

5000(50  25) 5 5000(50  25)  100.000
6000(50  25) 3 6000(50  25)  100.000

YÙ nghóa cuûa ñoä baåy hoaït ñoäng
ÔÛ möùc saûn löôïng tieâu thuï laø 5000 ñôn vò, cöù moãi phaàn traêm thay ñoåi saûn löôïng khieán cho lôïi nhuaän hoaït ñoäng thay ñoåi 5%  ÔÛ möùc saûn löôïng tieâu thuï laø 6000 ñôn vò, cöù moãi phaàn traêm thay ñoåi saûn löôïng khieán cho lôïi nhuaän hoaït ñoäng thay ñoåi 3%


QUAN HEÄ GIÖÕA LÔÏI NHUAÄN & ÑOÄ BAÅY HOAÏT
ÑOÄNG VÔÙI ÑIEÅM HOAØ VOÁN
 Saûn

löôïng di chuyeån caøng xa ñieåm hoaø voán, lôïi nhuaän

(hoaëc loã) hoaït ñoäng caøng lôùn
 Caøng  Ñoä

xa ñieåm hoaø voán, ñoä baåy hoaït ñoäng caøng nhoû

baåy hoaït ñoäng tieán ñeán voâ cöïc khi soá löôïng saûn

xuaát vaø tieâu thuï tieán daàn ñeán ñieåm hoaø voán
 Khi

soá löôïng saûn xuaát vaø tieâu thuï caøng vöôït xa ñieåm

hoaø voán thì ñoä baåy seõ tieán daàn ñeán 1.

12

MINH HOAÏ BAÈNG SOÁ LIEÄU
Soá löôïng saûn xuaát vaø tieâu thuï (Q) 0 1000 2000 3000 QBE= 4000 5000 6000 7000 8000 Lôïi nhuaän hoaït ñoäng (EBIT) - 100.000 - 75.000 - 50.000 - 25.000 0 25.000 50.000 75.000 100.000 Ñoä baåy hoaït ñoäng (DOL) 0,00 - 0,33 - 1,00 - 3,00 Khoâng xaùc ñònh 5,00 3,00 2,33 2,00

MINH HOAÏ BAÈNG HÌNH VEÕ
Ñoä baåy hoaït ñoäng

5

3 2 1 0 -1 2000 3000 4000 5000 6000 8000

Soá löôïng saûn xuaát vaø tieâu thuï

-3

13

ÑOÄ BAÅY HOAÏT ÑOÄNG VAØ RUÛI RO DOANH NGHIEÄP
Ruûi ro doanh nghieäp Bieán ñoäng soá löôïng tieâu thuï (hoaëc doanh thu) Bieán ñoäng lôïi nhuaän hoaït ñoäng (EBIT)

DOL 

 EBIT / EBIT Q / Q

Ñoä baåy hoaït ñoäng (DOL) Bieán ñoäng lôïi nhuaän hoaït ñoäng (EBIT) ñöôïc khueách ñaïi

YÙ NGHÓA CUÛA ÑOÄ BAÅY HOAÏT ÑOÄNG ÑOÁI VÔÙI QUAÛN
TRÒ TAØI CHÍNH
 Ñoä


baåy hoaït ñoäng coù theå ví nhö laø con dao 2 löôõi

Neáu tình hình toát, ñoä baåy hoaït ñoäng seõ khueách ñaïi “caùi toát” leân gaáp boäi laàn, nhöng Neáu tình hình xaáu, ñoä baåy hoaït ñoäng cuõng seõ khueách ñaïi “caùi xaáu” gaáp boäi laàn



 Nhìn

chung giaùm ñoác taøi chính khoâng thích hoaït ñoäng döôùi ñieàu kieän ñoä baåy hoaït ñoäng cao hoïa söï aûnh höôûng cuûa söï kieän 11/09 ñoái vôùi ngaønh haøng khoâng vaø ngaønh du lòch Myõ

 Minh

14

ỨNG DỤNG ĐÒN BẨY HOẠT ĐỘNG
Kết luận khi phân tích đòn bẩy hoạt động:  Đòn bẩy hoạt động có tác động khuếch đại EBIT khi doanh thu thay đổi.  Đòn bẩy hoạt động chỉ có lợi khi doanh thu tiêu thụ lớn hợn điểm hòa vốn.  Đòn bẩy hoạt động không phụ thuộc ý muốn của giám đốc tài chính mà do công nghệ quyết định.  Ứng dụng:  Quyết định chọn lựa giữa công nghệ sử dụng chi phí cố định và công nghệ sử dụng chi phí biến đổi.  Quyết định sử dụng máy móc hay lao động cho cùng một việc.


CHUẨN BỊ CHO TUẦN SAU
 Truy

cập vào www.website bankingfinance.info với thông tin tài khoản được cung cấp qua email  Đọc kỹ đề cương môn học  Phân chia nhóm thảo luận  Đọc tài liệu: đòn bẩy tài chính (Chương 15 (1) & Chương 10 (2))

15

Similar Documents

Free Essay

Assessment 4: Major Case Analysis and Evaluation

...in the case and recommend ways that Nokia could address each of these challenges so as to enhance its performance post 2010. Justify your answer. Assessment Criteria      Demonstrate knowledge of frameworks and business concepts covered in lectures, tutorials and unit readings. (35%) Show evidence of critical thinking in analysing the assigned case. (30%) Demonstrate responsible application of ethical and social awareness. 20% Use of accurate and effective academic writing style. (10%) Adherence to the BSRG. (5%) BUSS5000 Assessment 4_ Semester 1 2016 Page 1 of 2 Formatting and layout  Assignments are to be written using MS Word. Assignments to be submitted only in one of the following file formats: .doc, .docx Assignment are not to be submitted in html files, web pages, CAD...

Words: 470 - Pages: 2

Premium Essay

Terra Cog Wac

...Flame School of Business Written Analysis and Communication II To : PGDM Students From : Danesh Gojer WAC II ASSIGNMENT 1 Case : Terracog Global Positioning Systems Class : Wednesday, 7 March, 2012 Assignment : You are Emma Richardson, Executive Vice President. Using the WAC format prepare a full report on your decision concerning Project Aerial. The report is to be sent to your direct boss – Richard Fiero, President. Deadline : 12 AM on Monday, March 12, 2012 in a soft copy format to the following address fsbwac@flame.edu.in. Please send the copy in both a doc or docx format as well as a PDF format. Guidelines for submission 1) Word limit Word limit for your report: 1200 (Exclude from the count the cover page, executive summary, the contents page, and any exhibits). Penalty for exceeding the word limit: one sub-grade if the total number of words is between 1201 and 1300; one full grade if the number of words is more than 1300. Please write down at the end of the assignment the number of words you have used in the body of the assignment. Please block the body (that is, the report excluding the executive summary, contents page, references, exhibits, and cover page) and use the word count in MS Word to arrive at the number of words. Any verbal tables (as opposed to predominantly quantitative tables) and footnotes (other than references) that you use in the body of the report should be counted. If you use any text boxes in the body of the...

Words: 300 - Pages: 2

Premium Essay

Informatics

...KSAs Improvement Plan Form Your Name: K.S Date: 11/10/2013 Your Instructor’s Name: Dr. Directions: Refer to the KSA Improvement Plan guidelines and grading rubric found in Doc Sharing for specific information on how to fill in the form below. Type your answers on this form. Click Save As and save the file with the assignment name and your last name (e.g., NR360PL_KSA_Improvement_Plan_Form_Smith). When you are finished, submit the completed form to the KSA Improvement Plan Form Dropbox by the end of Week 2. KSA Competency(Write each competency you selected in a separate row.) | SMART Goal(Write a SMART goal for the competency.) | Evaluation Plan(Develop a brief plan on how you will achieve your SMART goal. Include how you will evaluate your success.) | Resources for improvement(Find and cite two resources that will help you achieve each goal.) | EXAMPLE:KSA competency: In Word—Inserting headers/footers | I will locate an MS Word 2007 tutorial and practice how to use the header function this week. | I will complete the tutorial. I will know I have achieved this goal when I can successfully insert a header and a footer into my Word document. | Resource #1:MS Office website: Word TutorialResource #2:APA template that is provided in Doc Sharing | KSA competency #1:Request an item from the Chamberlain library catalog. | I will log onto the chamberlain database and log into the library catalog and familiarize myself with its use through practice each week. | I will request...

Words: 550 - Pages: 3

Free Essay

Gm454

...Week 2 Homework Help 1. State the administrative agency which controls the regulation. Explain why this agency and your proposed regulation interests you (briefly). Will this proposed regulation affect you or the business in which you are working? If so, how? Submit a copy of the proposed regulation along with your responses to these five questions. The proposed regulation can be submitted as either a separate Word document (.doc) or Adobe file (.pdf). This means you will submit two attachments to the Week 2 Dropbox: (1) a Word doc with the questions and your answers and (2) a copy of the proposed regulation you used for this assignment. (10 points) Interstate Commerce Commission (ICC) regulated interstate surface transportation between 1887 and 1995. This interests me because of the changes of transportation. Yes, it does affect me because they are doing price controls and entry controls on the collective vendor’s price setting in the United States transportation. 2. Describe the proposal/change. (10 points) It is regulated through varies transportation modes starting with the railroad industry and later the trucking and airline industry. 3. Write the public comment which you would submit to this proposal. If the proposed regulation deadline has already passed, write the comment you would have submitted. Explain briefly what you wish to accomplish with your comment. (10 points) Deregulation—freeing up the trucking market to permit much more flexible pricing and service...

Words: 269 - Pages: 2

Premium Essay

LInux and the CLI

...discussed as factors in your decision. Formatting using the CLI, while works fine for simple forms, is too limiting for complex documents. We have not gotten far enough to input things like pictures/graphs/diagrams ect, but when using a GUI I know from personal use that it is relatively simple. I will say, however, that when dealing with formatting from version to version of a program (lets say from a .doc to a .docx) can be frustrating. I have had times that there was no way that the file could be fixed, and that I had to make a whole new document, because the newer program would just not accept the old file in its original format. This is an advantage when using the CLI. .txt is .txt no mater what program it was created on, or platform that you were using. This is a HUGE advantage that using the CLI has over the GUI. If I am using Open Office on a Linux system to create a document, and then you want to open that same document using Microsoft Word on a Windows system there are huge problems in the “conversion” process. Even if you save said file using Open Office as a .doc file, when opening with Word, Its just not right. I think we have all ran into this issue, and it can be vexing. So I think that using the CLI to create and manipulate files is, overall, more efficient; we will always be visual beings and want to have our pretty buttons to...

Words: 310 - Pages: 2

Free Essay

Paper

...CLC: Marketing Analysis Research Report: Product Selection and List of Sources Due Date: Jan 18, 2014       Max Points: 50.0 Description This is a Collaborative Learning Community assignment - 1. Identify a product that will be the focus of your research. The product might be one of personal interest (e.g., computers/electronics, cell phones, cars, food services, home health care) or concern (e.g., blood diamonds, tobacco). 2. In a Word document, briefly describe the consumer appeal and environmental factors that you think might influence the market for this product. 3. Also, propose how this product could have implications for ethical, social responsibility, or global issues in the market. Refer to “Research Report Outline” for a list of possible ethical and social responsibility issues in marketing. With instructor approval, you may also choose an issue that is not on the list. Do some preliminary research (on the Internet and/or in the GCU Library) to ascertain if source information on the product (and/or industry) is available. Avoid choosing a product for which data is difficult to find. Find a minimum of three sources that you think will provide sufficient information for your analysis and make a list for instructor approval. Submit the assignment for instructor approval by the end of Topic 1. Instructor must approve product selection and sources and will advise the student by the third day of Topic 2. You are not required to submit this assignment...

Words: 483 - Pages: 2

Free Essay

Chapter 9

...Service Agency (FSA). FSA is an agency of the U.S. Department of Agriculture (USDA). 3. Where and how would a Large Company borrow to finance inventory? To build a new factory? To buy another company. Companies can borrow from banks or sell stock and issue bonds to raise money. 4. Where and how would a city borrow to build a new baseball stadium? New schools? Replace a sewer system? Cities can issue municipal bonds where to raise money for such new projects. 5. Where an how would the Federal Government borrow to finance the Federal Debt of over $17 trillion? The Federal government issues debt by selling treasury securites suchas bonds notes, savings bonds. Compose a document and attach the file in Microsoft Word (.doc, .docx) or Rich Text (.rtf) format. If I can't open your attachment you will receive a zero. If you have any questions about how to format your work contact ANGEL...

Words: 266 - Pages: 2

Premium Essay

Chapter 9 Law Paper

...Facts: Oklahoma State University provided Professor Eric Angevine with a computer linked to the university network, and through it to the Internet. Angevine used this computer to download over 3,000 pornographic images of young boys. After viewing the images and printing some of them, he deleted the files. Tipped off by Professor Angevine’s wife, police officers seized the computer and turned it over to a police computer expert who retrieved the pornographic files that the professor had deleted. The Oklahoma State University computer policy states that: The contents of all storage media owned or stored on University computing facilities are the property of the University. Employees cannot use University computers to access obscene material. The University reserves the right to view or scan any file or software stored on a computer or passing through the network, and will do so periodically to audit the use of University resources. The University cannot guarantee confidentiality of stored data. System administrators keep logs of file names, which may indicate why a particular data file is being erased, when it was erased, and what user identification has erased it. The trial court held that federal agents did not need a warrant to search Professor Angevine’s office computer because he had no expectation of privacy. The judge sentenced him to fifty-one months in prison for “knowing possession of child pornography.” The professor appealed. Issue: Did Professor...

Words: 524 - Pages: 3

Free Essay

Essay

...reliable news resource. Your article may be on any type of microbe and may be a story about the positive effects or negative effects of a particular microbe. However, You may not discuss an organism that you have already discussed in your week 1 or week 2 discussion. You will read the article and submit a 200 to 300 word student original summary of the article in Microsoft Word format (.doc or .docx) only. You may discuss the findings of the article as well as your personal thoughts about the story.  You must convey the information in your article by paraphrasing, as direct quotation in science is not acceptable. Your document should follow APA Format with regard to font, font size, margins and referencing. You should prepare a one page document with the title at the top and full reference in APA format, including the full URL of the news article, at the bottom of the page, following your short essay/summary. (Separate title page, abstract, & separate reference page are not required for this assignment.) Please attach your completed assignment word doc to the  Microbe in the News Dropbox. This is due by 11:59 PM EST on Sunday. Grading Rubric: 10 points grammar/spelling, 10 points APA formating including appropriate reference with URL, 10 points assignment met...

Words: 259 - Pages: 2

Premium Essay

Paper

...MGMT520 Legal, Political, and Ethical Dimensions Professor Deardurff Assignment I By Rodney L. Joash | | 1. State the administrative agency which controls the regulation. Explain why this agency and your proposed regulation interests you (briefly). Will this proposed regulation affect you or the business in which you are working? If so, how? Submit a copy of the proposed regulation along with your responses to these five questions. The proposed regulation can be submitted as either a separate Word document (.doc) or Adobe file (.pdf). This means you will submit two attachments to the Week 2 Dropbox: (2) a Word doc with the questions and your answers and (2) a copy of the proposed regulation you used for this assignment. (10 points) DEPARTMENT OF HOMELANDSECURITY Office of the Secretary-Nondiscrimination in Matters Pertaining to Faith-Based Organizations-I am interested in the proposed regulation because I am involved in a religion or faith base organization. This will affect the organization to received funds with other non-profit organizations. 2. Describe the proposal/change.  Consistent with the President’sinitiative, this proposed rule would amend DHS’ regulations to make clear that faith-based organizations are eligible to participate in any social or community service programs established, administered or funded by DHS (including any component of DHS) (collectively, ‘‘DHS service programs’’), and are eligible to seek and receive Federal financial...

Words: 347 - Pages: 2

Free Essay

Mozart

...Directions for BI 101 Week 1 Assignments Remember, in order for you to succeed in this course, you must be extremely self-motivated and able to learn complex information through directed studies and activities. Because of the amount of information we cover, it is IMPERATIVE that you do not fall behind. Falling behind in this course will almost certainly guarantee a failing grade. Since this course is completely online, it is up to you to make sure that all assignments, quizzes, tests, and labs are completed as scheduled. It is also your responsibility to make sure that you learn the material well each week. If you have any questions or problems as you work through the course, please don’t hesitate to let me know. Assignments For Lecture This Week 1. Take the orientation quiz in the “Welcome! Start here first” folder which is under the “Lessons” tab. This should be done AFTER you have read the syllabus and completed all orientations for this course. You must get a 90% on this to continue in the course. You may retake it as many times as you need to get a 90%. 2. Read chapters 1 & 2 in your text. 3. Download and watch the Chapter 1 and Chapter 2 PowerPoint lecture outlines. These are found in the “Week 1 Assignments” folder under the “Lessons” tab. *Make sure you take notes as you read your text and watch the PowerPoints. Studies show that students retain much less when they only read information as opposed to reading it, writing it down, drawing...

Words: 584 - Pages: 3

Free Essay

Student

...to your story. It must include your interview sources’ name, city of residence and current daytime phone number. * A note on identifying sources within your “Person on the Street” story: Include the source’s full name, class in school (freshman, sophomore, junior, senior), his or her major and where he or she is from on first reference. For example: “I’m not going to vote for Barack Obama,” said Susan Sandoval, a junior philosophy major from Fresno. If you quote the same person a second time, attribute as follows: “I support Mit Romney because he’s rich,” Sandoval said. -----------------------------------------------------------Your story should be between 450 and 500 words. • Writing requirements: You assignment must be a Word doc file, typed and double-spaced....

Words: 364 - Pages: 2

Free Essay

Time Management

...Time Management Term Calendar with Reflection Instructions Once you have completed the Time Management: Lists activity in your textbook’s time management chapter, you are ready to begin this assignment. (Do not begin this assignment until you have completed that activity, as you will need it to do this work.) Complete the 2-month calendar provided in this document. Begin by filling in the days/dates that apply to the term of this course. Then put in routine activities in your life. This must include work, family, and church activities. Schedule in everything that you know is happening in your life during this course. Is there a wedding, family reunion, weekend trip, church supper, team sporting event, concert, movie, charity work, etc. that you will be engaged in? If so, add it to the calendar. The calendar cells will expand to accommodate your entries. Once you have added all those activities, write in the course assignments, based on the deadline for each. Use red font (ink) to show your course assignments. Now that you have completed your calendar, review it carefully, and consider the following questions in an honest assessment of your time. 1. Are your days/weekends full? 2. Are you surprised at how little time is left once all your commitments are included? 3. How can you plan time for school activities, given what you know of the commitments you have in the months of this course? 4. Is school just “one more thing” in your schedule, or have you given...

Words: 432 - Pages: 2

Premium Essay

Sands Corp

...To : OCAD Students From : Danesh Gojer ASSIGNMENT 3 Case : Sands Corporation Class : Friday November 20, 2015 Assignment : You are the Vice President of Manufacturing, Sands Corporation reporting directly to the President of the company. You are to write a full report on the present predicament facing the company. The report will be read and used by the President of the company. Deadline : 5 PM on Sunday, November 22, 2015 in a soft copy format to the following address danesh1@rediffmail.com. Please send the copy in both a doc or docx format as well as a PDF format. Groups : This assigment is to be done in groups. However no group is to have more than four members. Please include all the names of the group members in the submission. Guidelines for submission 1) Word limit Word limit for your report: 1,200 (Exclude from the count any exhibits). Penalty for exceeding the word limit: one sub-grade if the total number of words is between 1,201 and 1,300; one full grade if the number of words is more than 1,300. Please write down at the end of the assignment the number of words you have used in the body of the assignment. Any verbal tables (as opposed to predominantly quantitative tables) and footnotes (other than references) that you use in the body of the report should be counted. If you use any text boxes in the body of the report, please count the words in them separately and add it to the total number of words quoted. Any attempt to cheat...

Words: 278 - Pages: 2

Free Essay

Successful Online Learning

...Time Management Preview and Reflection 2 Instructions Complete the calendar below, looking ahead to Modules/Weeks 6, 7, and 8. Include your general daily responsibilities and appointments, as well as all course assignments, including textbook readings, presentations, and websites. Use red font (ink) to show your course assignments, and indicate how long you will spend on each assignment and when you will submit it. If you copy/paste these modules/weeks from your term calendar, then update and add more specific information, you will not need to recreate the entire 3 modules/weeks. It may be helpful to include your assignments for other courses in a different color ink as well. HINT: Each assignment must be submitted by 11:59 p.m. (ET) on the due date. Once you have completed the calendar as a preview/planner for work that is to come, take a few moments to review how you are doing with time management so far. Look back at the previous modules/weeks and consider your work this module/week to evaluate your use of time. Below the calendar, write a reflective paragraph (at least 100 words in 4–6 sentences) that describes (1) how you used time well to complete your course work, (2) what did not go very well, and (3) how you plan to change so that the problems are not repeated. Also reflect on the following questions: Are you seeing any changes in the way you think about managing your time? Have you now minimized/eliminated any activities or changed any routines you followed before...

Words: 378 - Pages: 2