...* Question 1 2 out of 2 points | | | Which one of the following is not correct? | | | | | Selected Answer: | C. For debt issued at a discount: interest expense reported on the income statement equals cash interest payment less amortization of the discount. | Answers: | A. For debt issued at par: interest expense reported on the income statement equals the cash paid for interest. | | B. For bond repurchases, the gain or loss is the difference between the book value and the repurchase amount. | | C. For debt issued at a discount: interest expense reported on the income statement equals cash interest payment less amortization of the discount. | | D. For debt issued at a premium, interest expense reported on the income statement equals cash interest payment less amortization of the premium. | | E. None of the above | Response Feedback: | Rationale: For debt issued at a discount, interest expense reported on the income statement is cash interest paid plus amortization of the discount. | | | | | * Question 2 2 out of 2 points | | | Morse Corp. sells $200,000 of bonds to private investors. The bonds have a 9% coupon rate and interest is paid semiannually. The bonds were sold to yield 8%. What periodic interest payment does Morse make? | | | | | Selected Answer: | D. $ 9,000 | Answers: | A. $16,000 | | B. $ 8,000 | | C. $18,000 | | D. $ 9,000 | | E. None of the above | Response Feedback: | Rationale: Coupon...
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...Student Name | | Course and Section Number | Program of Study | FIN 1103 | | Finance FIN 1103 Week 7 Individual Work Deciding to Buy a Car and Renting Versus Buying a Home Assignment Instructions | To complete this assignment: 1. Answer all of the questions below in the space provided. 2. Reflect on the information presented in this week’s lesson and provide an insightful response to each question writing no more than two paragraphs. | Save and Submit to Dropbox | 1. Save your work as a Microsoft Word 2010 (.docx) file that includes your name, course code, and title in the file name. For example: JaneSmith_FIN1103_Week7.docx. 2. To submit your assignment, go to the Dropbox and click "Submit Assignment." 3. Click on the drop-down menu to select the Week 7: Individual Work basket in the Dropbox. | Objective: Compare financial alternatives for major purchases Locate the Financial Planning Case on page 243 of your textbook and complete Case 1. Locate the Do the Math on page 280 of your textbook and complete number 3. Financial Planning Case 1: The Johnsons Decide to Buy a Car | After three years of riding a bus to work, Belinda finds that she can no longer do so because her employer moved to a location that is not convenient for public transportation. Thus the Johnsons are in the market for another car. Harry and Belinda estimate that they could afford to spend about $10,000 on a good used car by making a down payment of $2,000 and...
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...The role of Financial Market and Institution in the Economic Development of Bangladesh Financial market Financial market is created to satisfy particular preferences of market participants.Financial markets transfer funds from those who have excess funs to those who needfunds. That is they facilitate the transfer of funds from surplus unit to deficit unit .Because funding needs vary among deficit units, various financial markets have beenestablished. The primary market allows for the issuance of new securities, while thesecondary market allows for the sale of short term securities, while capital marketsfacilitate the sale of long term securities.The main participants of financial market can be classified as households, businesses andgovernment agencies. Those participants who provide funds to the financial markets arecalled surplus unit . Households are the main type of surplus unit. Participants who usefinancial markets to obtain the funds are called the deficit unit . Money market: Money market an integral part of the financial market of a country. It provides a mediumfor the redistribution of short term loan able funds among financial institutions, which perform this function by selling deposits of various types, certificate of deposits anddiscounting of bills, treasury bills etc. The participants in the money market are: thecentral bank, commercial banks, the government, finance companies, contractual savinginstitutions like the pension funds, insurance companies...
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...Finance Statements Paper Kimberly Nelson ACC/290 06/12/2012 David Schwanke Finance Statements Paper When preparing financial statements for a company it is important to recognize the four basic financial statements and to understand the purpose of each statement and how it may affect internal and external users. This paper will cover each statement in sequential order and will discuss how the statements are useful to internal and external users. Income Statement- The income statement lists the company's revenues followed by its expenses. The final numbers from this calculation will indicate net profit or loss. The success or failure of the company's operations for a period of time is derived from this calculation. Managers use the income statement as a means to determine if the companies’ operations are profitable. The income statement reports on the success or failure of the company’s operations by reporting its revenue and expenses. Adjustment to its operations may need to take place internally to continue profitability. Investors are interested in past net income because it provides useful information for predicting future net income. Creditors also use the income statement to predict future earnings. Retained Earnings Statement- The retained earnings statement shows the net income retained in the corporation. The time period covering the retained earnings is the same time period of the income statement. That time period can be represented monthly, quarterly...
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...Financial Leverage And Capital Structure Policy 0 Chapter Outline The Capital Structure Question The Effect of Financial Leverage Capital Structure and the Cost of Equity Capital M&M Propositions I and II with Corporate Taxes Bankruptcy Costs Optimal Capital Structure 1 Capital Restructuring We are going to look at how changes in capital structure affect the value of the firm, all else equal Capital restructuring involves changing the amount of leverage a firm has without changing the firm’s assets The firm can increase leverage by issuing debt and repurchasing outstanding shares The firm can decrease leverage by issuing new shares and retiring outstanding debt 2 Choosing a Capital Structure What is the primary goal of financial managers? Maximize stockholder wealth We want to choose the capital structure that will maximize stockholder wealth We can maximize stockholder wealth by maximizing the value of the firm or minimizing the WACC 3 How does leverage affect the EPS and ROE of a firm? When we increase the amount of debt financing, we increase the fixed interest expense If we have a really good year, then we pay our fixed cost and we have more left over for our stockholders If we have a really bad year, we still have to pay our fixed costs and we have less left over for our stockholders Leverage amplifies the variation in both EPS and ROE 4 The Effect of Leverage Example:...
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...1.Cycling can often be the cheapest (and greenest) way to travel around London and is also a great way to visit the city. However roads in London can be dangerous and we advise you to use cycle Cnes where they are available. Transport for London offer free and subsided cycle training for beginners and more experienced cyclist in most London Boroughs. 2. + 18 Student Oyster Photocard. Oyster cards are the cheapest way to pay for single fare journeys on the underground, buses, DLR and some trains in London. In conjuction with Transport for London (TFL) , full time students can apply online for a TPL Students Oyster Photocard which entitles the holder to buy student-rate Travel cards and Bus&Tram Pass season tickets valid for 7 days, one month or longer periods, which cost 30% less than adult-rate season tickets. In order to apply online for your photocard you will need:: 1.Your credit/debit card number and expiry date. 2.A digital photograph of yourself. 3.Your student number. 4.The cost for each application is £10 . London Underground (Tube) Map A design classic, the Tube map makes navigating London's Tube network simple. This easy-to-use London travel map includes a key to all the stations featured as well as the six fare Zones. As a student, depending on your individual circumstances accommodation options are various starting from leaving with the parents which is definitely the cheapest option to renting your very own place. If you have...
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...A Financial Ratio Quarterly Trend Analysis of Nike, Inc. Stock symbol: NKE Listed on the New York Stock Exchange Prepared for: Dr. Edward Lawrence Department of Finance Florida International University In partial fulfillment of the requirements of the course: FIN 6406 By: Introduction This financial ratio quarterly trend analysis was composed for Nike International. The U.S –based company was started in 1964 with $500, with its main office being the trunk of a green Plymouth Valiant1. Originally started by Bill Bowerman, a nationally respected track and field coach at the University of Oregon, and Phil Knight, an accountant, who also happened to be a talented middle-distance runner from Portland2. Knight enrolled at Oregon in the fall of 1955 and competed for Bowerman’s track program thus creating the platform for Blue Ribbon Sports3, which is now known worldwide as Nike. Nike currently operates its three main product lines - footwear, apparel and equipment – in 46 countries by approximately 600 contract factories that employ more than 800,000 workers around the world4. Nike International’s stock is publicly traded on the New York Stock Exchange (NYSE) under the symbol “NKE”, which we will use to reference the company throughout this report. Our team chose to analyze NKE for the following reasons: • Knowing that the company started very small and grew to what seems a limitless boundary seemed intriguing to us and promoted a desire to understand...
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...TATA STEEL 2009 FINANCIAL RATIO ANALYSIS ABHIJIT SAMANTA I N T E R N A T I O N A L S C H O O L O F B U S I N E S S & M E D I A ; K O L K A T A P a g e | 2 FINANCIAL RATIO ANALYSIS OF TATA STEEL 1. Liquidity Ratios:- Liquidity Ratios measures the ability of the firm to meet its short term obligations. They also reflect the firm’s ability to meet financial contingencies that might arise. (A) Current Ratio: - This ratio indicates the firm’s ability to meet its current liabilities. This ratio is of very high importance to the suppliers of short term funds like the bankers and trade creditors. It is measured by: - Current Ratio = Current Assets / Current Liabilities. As per Balance Sheet 31st March 2008 & 2009. (All figures are in crore.) Year Current Asset Current Liabilities Current Ratio 2008 3,613.70 3,855.26 0.94 2009 5,707.05 6,039.86 0.94 Analysis: - The industry norm value of current ratio is 2:1. However it does not mean so that higher current ratio means good company profile. It may signify higher unused cash, inventory which again may result in inventory carrying cost. In both the years the Current ratio for Tata Steel is same. However it does not mean any increase or decrease in current ratio of any company gives the growth profile of the company. P a g e | 3 (B) Quick Ratio:- ...
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...Here are several personalities that had been instrumental to my seeking financial stability and success. Eugenio Isabelo Tomas Reyes Sanchez Jr. or widely known as Bo Sanchez is an author, entrepreneur, preacher, celebrity and lay evangelist in the Philippines. Bo Sanchez was only 12 years old when he attended his first prayer meeting. He gave his first talk a few weeks after that – in the midst of mostly family members. The elder who asked him to give the talk had received a prophecy that Bo will preach to thousands. That has come to pass. Bo has also become a national bestselling author and winner of The Ten Oustanding Young Men (TOYM) for 2006. In 2007, he received the Serviam Award, the highest award of the Catholic Mass Media Awards, as well as the Golden Gavel Award by the Toastmasters International, the highest award given to non-Toastmasters for public speaking. On the other hand, Bo founded the Light of Jesus (LOJ) Family in 1980, and continues to provide direction and leadership to LOJ, envisioning 1000 Feasts all over the world. (The Feast is how the LOJ prayer meetings are called.) The Light of Jesus Family has helped Bo start various independent ministries, beneficiaries of Kerygma Conference. These include Anawim Lay Missions, a home for the abandoned elderly; Grace to Be Born, a halfway house for women in crisis; Tahanan ng Pagmamahal, an orphanage; Pag-asa ng Pamilya Scholarship Foundation; He Cares Foundation, which helps streetkids; the Light of Jesus Counseling...
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...Walmart Averages and Financial Ratios Team Paper There are many publicly traded companies on YAHOO!® Finance, and Walmart (WMT) is one of the most well-known stores nationwide, and has a vast amount of public information readily available to the consumer. Walmart is a major retail chain identified with SIC code 5999-Miscellaneous Retail Store because it has such a large assortment of products. Assuming that the inventory ratio of Walmart (WMT) is based on a traditional inventory system, and that the globalized market and the supply chain make it critical to adopt lean principles to create a more efficient system we will discuss how a change in the Just in Time inventory system will affect Walmart (WMT). Just In Time Inventory A just-in-time (JIT) inventory system is based on the idea that keeping a large on-hand inventory of any kind is a form of waste. JIT inventory management is an integral part of the lean model, which deals with eliminating wasted resources, energy, time and money in the manufacturing process. The ideal goal of JIT manufacturing is to have precisely the right amount of components or materials on hand at any given moment, with as little idle inventory as possible. Traditional inventory systems, on the other hand, seek to have enough inventories on hand so that production may continue even in the face of unexpected shortages or shipping delays (E How). If Walmart were operating on a traditional inventory system, and switched to a Just in Time Inventory it...
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...Marketing Plan for R&B Exotic Fruit and Salad Bar Proposed by: Rhonda Fairley Submitted to: Professor Elliot Masocha Date: October 19, 2013 Table of Contents Company Description--------------------------------------------------------------------------------------1 Strategic Focus and Plan-----------------------------------------------------------------------------------1 Mission/Vision Statements-----------------------------------------------------------------------1 Goals------------------------------------------------------------------------------------------------2 Core Competency and Sustainable Competitive Advantage--------------------------------2 Situation Analysis------------------------------------------------------------------------------------------3 SWOT analysis------------------------------------------------------------------------------------ Industry Analysis----------------------------------------------------------------------------------4 Competitor Analysis------------------------------------------------------------------------------4 Company Analysis--------------------------------------------------------------------------------5 Customer Analysis--------------------------------------------------------------------------------6 Market-Product Focus-------------------------------------------------------------------------------------6 Marketing and Product Objectives--------------------------------------------------------------6 ...
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...My plan is to bring the hospital‘s AR Days back in line. This plan will need cooperation from the Medical Staff, the clinical departments, Health Information Management, Business Office and many others. Before I write my plan, I will need: a List of transactions with dates and maturity; information on our debtors as well as any information we collected on them. My writtenn report will be given to the board of directors. With approval we will have this implemented with four weeks. This plan will require everyone within the accounts receivable area in the hospital is responsible for making sure that all demographic and billing information is complete as possible. It starts in the registration area. The registration area is generally where every patient begins their journey through the hospitals computer system. It is very important for our employees to take the time to collect as much information as they can from the patient when the patient first presents for service. For the AR plan to work we will need to work with the Human resource and business office manager to implement a training session for all employees that work in admission especially the employees that work in the evenings. The training session should including education on what questions to ask. What documentation to ask patients for and more. How to make photocopies. After the original training, supplemental online training course should be implemented. Employees will be required to complete online tutorials...
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...Jella Mae Macalima November 24, 2014 BSTM-2B Ms.Ana Esquierdo “9 RULES OF FREEDOM OF THE AIR” The freedoms of the air are a set of commercial aviation rights granting a country's airlines the privilege to enter and land in another country's airspace, formulated as a result of disagreements over the extent of aviation liberalisation in the Convention on International Civil Aviation of 1944, known as the Chicago Convention. The United States had called for a standardized set of separate air rights to be negotiated between states, but most other countries were concerned that the size of the U.S. airlines would dominate air travel if there were not strict rules. The freedoms of the air are the fundamental building blocks of the international commercial aviation route network. The use of the terms "freedom" and "right" confer entitlement to operate international air services only within the scope of the multilateral and bilateral treaties (air services agreements) that allow them. The first two freedoms concern the passage of commercial aircraft through foreign airspace and airports, the other freedoms are about carrying people, mail and cargo internationally. The first through fifth freedoms are officially enumerated by international treaties, especially...
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...come with homework and throughout the eight sessions there will be a minimum of two book to read. Sessions: 1. Set ground rules * Inform the couple that there will be no arguing or fighting * Have each person write out there goals in life and struggles 2. Find a common ground * Write out the struggles that the couple has * What does the future look like for each person 3. What does a biblical marriage look like * Are the parents married and are they believers * Find and study scripture that pertains to marriage 4. Who is responsible in the marriage -What does God say about the man and women’s responsibilities - Who is better at what (cleaning, money, paying bills, finances) 5. What does finaces do to a marriage - How to avoid fights about money - What can money do to a marriage 6. Morals - What does porn do to a women’s heart - What does porn do to a man’s heart - How to avoid hurt feels over different sex friends 7. Spiritual roles of the house - What roles do the man play in the spiritual life of a women - What roles do the women play in the spiritual life of a man 8. How to honor God...
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...The thesis of central bank This semester we learn the central bank course with Miss Qin. Miss Qin tell us many knowledge of The Central Bank which have caused me to think about it. The Central bank is a special finance organization which be in central position, present a country government to regulate and control finance and the development of economy. Most countries of world have implement central bank system. The Central Bank have a special atrributes determined by it position in national economy. It is the leader and brain of national finance. For the characteristic of The Central Bank's businessl. It have special business object. It business object is government and finance institution, not general people. And it have a special purpose of operation. It's the national government authority. Not for the money but the need of national macroscopic economy. The Central Bank have a series of business privilege. For the fuction of The Central Bank,it stable the development of finance and regulate and control macroscopic economy. With the development of modern economy, the position of The Central Bank have become more and more important. The function of The Central Bank is special also. First, it is issue bank. It is the only bank to issue currency. The power to issue currency is the basic and essential symbol of The Central Bank. The Central Bank will issue currency according to the demand of economy. Regulate and control the gross and circulate of...
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