...HW6 Assignment FIN465 – Chapters 15,16,17 Instructor: Dr. Blaise Roncagli You may use your book and notes when working on these problems, and you may work in groups with others, but the final product that you submit for grading must be your own work. Follow the instructions provided in this handout very carefully. Failure to follow instructions may result in loss of points. Chapter 15 Problems 15-1 Murphy Toys Inc., a U.S.-based MNC, has screened several targets. Based on economic and political considerations, only one eligible target remains in Malaysia. Murphy would like you to value this target and has provided you with the following information: • Murphy expects to keep the target for three years, at which time it expects to sell the firm for 300 million Malaysian ringgit (MYR) after any taxes. • Murphy expects a strong Malaysian economy. The estimates for revenue for the next year are MYR200 million. Revenues are expected to increase by 8% in each of the following two years. • Cost of goods sold is expected to be 50% of revenue. • Selling and administrative expenses are expected to be MYR30 million in each of the next three years. • The Malaysian tax rate on the target's earnings is expected to be 35 percent. • Depreciation expenses are expected to be MYR20 million per year for each of the next three years. • The target will need to reinvest MYR7 million in cash each year to support existing operations...
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...Introduction Changes are inevitable in the market. With the development of technology, people’s living style and demand will be change as well, so managers have to expand the size of business to make the organization more perfect and get effective, efficiency achievements. According to expand business, the company should do more international trade, it will make the globalization and the globalization has more benefits. For example, it can reduce the goods costing, which some countries can open the factories on China. However, the globalization has some disadvantages. For example, the global financial crisis occurred on 2008. This essay is going to analyses how globalization and global financial crisis in the business environment impact on the organization you work in and the tasks you undertake. The globalization refers to the system of contact among the countries of the world in order to improve the global economy. The globalization is the amalgamation of economics and societies all over the world. Globalization including economic, technological, political, and cultural exchanges made possible largely by advances in communication, transportation, and infrastructure (Hotbabefacthicks, 2010). The global financial crisis refers to a widespread economic emergency that began in 2007. Beginning with the crash of the United States financial system, the crisis quickly spread worldwide, thanks to the interconnected marks of modern global trading systems. It is still impossible...
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...| Reporting from: | BUS 251 (Business Communication) | Section #04 | Dated: 19/02/2015 | | Assignment Prepared by the members of The Hartwells’: | ID# | Naimul Kader | 1310590030 | Md. Ekramul Hafiz | 1130142030 | Mahdi Ahsan | 0930071030 | Richard Chakma | 1220316030 | Sabiha Naz Priyanka | 1310749630 | | Assignment Prepared for: | Mahmudur Rahman, | Lecturer, | School of Business | North South University | Tuesday, February 17, 2015 Mamun Ashrafi Nafisa Fashion House # 424 (Ground floor), Road # 30, New D.O.H.S, Mohakhali Dhaka-1206 Bangladesh. Dear Dave Nielson, Thank you for the opportunity to be considered for support by The Investment Alliance Ltd. (U.K). In the five short years since its founding, Nafisa Fashion has played a major role in the transformation of apparel ready-made garments industry from a market with too many unproductive, unsupervised firms with too much time to get into trouble to one providing quality service with assured value for money. We envision carrying on our legacy & have thus come up with an innovative program which will not just help us to penetrate the local industry but will also lead to become one of the top 3 leading suit manufacturers across the world. With that mantra in mind we have come up with “Virtual Growth Strategy” program. A priority need for the program, our project will focus on 5 aspects of the industry namely pricing in the global garment industry, Asian...
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...SCHOOL OF BUSINESS AND MANAGEMENT LEN RUSHFIELD MBA 610.63 INTERNATIONAL FINANCE SPRING 2005 WEDNESDAY 6:00 PM – 10:00 PM WESTLAKE VILLAGE CENTER SYLLABUS 1 International Finance MBA 610.63 Westlake Village Center Wednesday 1/5-2/16/05 Len Rushfield (310) 474-5848 (603) 843-9683 (efax) leonard.rushfield@pepperdine.edu/ asiaptner@aol.com Course Objectives MBA 610.63 is intended to provide a foundation of understanding of international finance and the critical options for corporate financial management within the global markets. Intensive reading will establish the basis of information on international financial structure, processes and techniques. Cases will identify important real issues and provide experience in understanding alternative solutions and developing methods to reach these solutions. Course Description The course explores the responsibilities of financial managers of multinational firms or firms with multinational affiliates, suppliers, or product markets. Topics covered emphasize exchange rate risks and hedging using derivative securities such as futures contracts, forward contracts and options. International payment mechanisms and financing and trade strategies are examined and applied in a shareholder-value maximization framework. Texts and Course Materials Fundamentals of Multinational Finance, 2003, Moffett, Stonehill and Eiteman; Addison Wesley; ISBN-0-201-84484-2. Cases in International Finance, 2000; Moffett; Addison Wesley; ISBN 0-20170086-7 Course...
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...Unit 8 Assignment MBA 5101 1. In this case study; the firm Williams-Sonoma has exhibited great models of developing of his organization in a short period of time using a wide variety of strategies. That can provide benchmarks for firm to follow. They outlined the organization’s objective strategies that aligned with the business’s mission and helped the firm reach it objectives. This was the foundation that proved to successfully grow William-Sonoma. This business started by providing high-end culinary and serving equipment. Over time they started diversifying into other business areas. The modern William-Sonoma offers specialty products such as decoration and furnishing for the home. Over the next five year, Williams-Sonoma has the opportunity to capture a variety of markets, by providing superior products to increase shares in the industry. The company would be able to satisfy the needs of every consumer and potential consumer in all segments of decoration and home furnishings home. The company would be able to dominate the market and would achieve its target in both channels, retail and direct to customers. It would bolster Williams-Sonoma brand image and will achieve and maintain the competitive advantage in the home decoration market by his applying a distinctive strategies ties in the company’s mission with the organization’s goals and results in growth. 2. In the case, proves that Williams-Sonoma is constantly increasing its organization’s growth with its distinctive...
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...Global Finance Environment Paper FIN/403 May 4, 2008 Globalization refers to the merging of national markets into one huge global marketplace. In today’s market, selling internationally is much easier due to falling barriers in cross-border trade. Now businesses don’t have to be industry giants to operate and succeed in global markets. Although it can be beneficial to offer a standard product that can be used worldwide, significant differences still exist between national markets such as cultural differences, consumer taste differences, product preferences and legal regulations. It is important to define and understand these differences when merging into national markets. Globalization is inevitable and it’s happening at an astonishing speed in nearly every market possible. The technology era that we are in has enabled businesses to join forces like never before and we are seeing significant changes in the global marketplace. There are main drivers in globalization and this paper will define three of them, as well as describe the risks associated with financial investing, and explain the importance of cultural sensitivity and ethics in global finance. Drivers of Globalization Market drivers Domestic markets are saturated and growth opportunities are often times limited. Expanding globally opens up many new opportunities allowing for real growth within a business. The following lists in detail the specific market drivers that play a key role...
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...Prince Sports has been improving the lives of people through tennis since 1970. With their innovative product design, vast line of products, and wide range of consumers. Looking at current trends one could suggest that Prince may want to consider new tactics/marketing schemes. Reach out to a larger global market look at how this may benefit them in the future. In the 21st Century Prince Sports really should consider the current trends in marketing and how they could work for or against their success in the tennis industry. Considering, as stated by The Wall Street Journal, “Prince Sports Inc., filed for bankruptcy protection as it struggles to compete with better-equipped rivals.” (Benoit & Gleason, 2012). It doesn’t appear as though they have an issue with the products they deliver, since undergoing new ownership they are truly trying to rejuvenate their products and name. As noted by Forbes, “Prince is launching an entirely new product collection in the final months of 2013, which is a non-traditional move for a tennis brand. It has used the US Open to announce its launch of an “ESP” (extreme string pattern) racquet technology, along with new racquets and bags, T22 tennis shoes and performance Prince Tour eye-wear.” (Heitner, 2013) Consumers like new technologies and innovations and if Prince can continue to endorse tennis “Super Stars” such as David Ferrer, “the current world number five” (Long, 2012). They should be able to gain the attention and interest of a...
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...UNIVERSITY OF NAIROBI SCHOOL OF BUSINESS MASTER OF BUSINESS ADMINISTRATION TERM PAPER TOPIC: ISSUES IN GLOBAL BUSINESS MANAGEMENT DSM 602: By DR. YABS NGETICH MONICAH D61/69197/2013 INTRODUCTION The scope of strategic business issues faced by companies and organizations striving to operate and be successful internationally has widened due to an increasingly broad geographic scope and the increasing complexity of technology. Strategic issues arise not only through the formal, periodic strategic planning processes in companies but also can, and quite often do arise unpredictably due to new insights, unexpected advances in technology or competitive activities in the market place. All companies have their way of identifying and dealing with these being their most critical strategic questions. However, theprocess of managing emerging strategic issues is typically non-structured, not necessarily optimally suited to enable the effective identification of the most critical questions and the appropriate allocation of top management attention and corporate intelligence support to answer the identified strategic questions. Despite the past research during 1960s, 1970s, and 1980s into the domain of strategic issues (SI), strategic issue management (SIM), and strategic issue management systems (SIMS) there is a scarcity applicable approaches for firms to use in improving their attention focus and distribution in strategic issue management processes. The underpinnings of strategic management...
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...University of Puget Sound School of Business and Leadership BUS 435 International Finance Professor Alva Wright Butcher Tues & Thurs 12:30-13:50 McIntyre 107 Spring Semester 2013 Office: McIntyre 111 I Office Hours: Phone: 253-879-3349 Tues and Thurs 2:00-3:00 FAX: 253-879-3156 Wed 9:30-10:30 And by appointment Note that I am always willing to schedule additional office hours by appointment. I check email frequently, so that is also a good way to communicate. If I do not respond to your email message, that means I did not receive it. Please send it again. Email: butcher@ups.edu Required Course Materials Text: Madura, International Financial Management, Abridged 10th Edition, South-Western, 2011 Book: Lewis Michael, Boomerang: Travels in the New Third World, Norton, 2011 Calculator: A calculator is required. A financial calculator would be preferable, as it would have functions for bond valuation, net present valuation (NPV), internal rate of return (IRR), present value (PV), and future value (FV). A suitable calculator, the HP10-B, is available in the bookstore for about $30. Harvard Business School Cases https://cb.hbsp.harvard.edu/cbmp/access/17920074 The above is the URL for Harvard Business School so that you can obtain discounted student pricing for the cases: Group Ariel S.S.: Parity Conditions and Cross-Border...
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...FIN 535 – International Finance COURSE DESCRIPTION Presents international financial tools, applications, and concepts used in formulating effective financial management strategies. Examines fundamental international financial relationships and transactions among firms, foreign exchange rate determination and forecasting, foreign exchange risk and exposure, balance of payment accounting, and evolution of the international monetary system. Analyzes special topics such as working capital management strategies, capital budgeting, cost of capital, and optimal capital structure in the context of international operations. INSTRUCTIONAL MATERIALS Required Resources Madura, J. (2012). International financial management (11th ed.). Mason, OH: South-Western, Cengage Learning. Supplemental Resources Al Nasser, O.M. (2010). How does foreign direct investment affect economic growth? The role of local conditions. Latin American Business Review 11, 111-139. Kornecki, L. & E. M. Ekanayake. (2011). Inward FDI stock in the U.S. economy and state based determinants. Advances in Management, 4(6), 13-24. Ranjan, V. & Agrawal, G. (2011). FDI inflow determinants in BRIC countries: A panel data analysis. International Business Research, 4(4), 255-263. United Nations. (2011). Foreign Direct Investments in LDCs: Lessons learned from the decade 20012010 and the way forward. United National Conference on Trade and Development. COURSE LEARNING OUTCOMES 1. Compare multinational financial management...
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...Course Information Course Number/Section FIN 4375-01 Course Title International Business Finance Term Fall 2015 Days & Times Mondays & Wednesdays 2:00-3:50 pm Classroom VBT, Rm. 137 Professor Contact Information Professor M. Sinan Goktan Office Phone 510-885-3797 E-mail Address sinan.goktan@csueastbay.edu Office Location VBT 438 Office Hours Mondays, 4:00-6:30 pm, Wednesdays 4:00-4:30 pm. Course Pre-requisites and/or Other Restrictions Pre-requisites: FIN 3300 Course Description | |In this course we will focus on a multinational corporation which makes its | | |investment, financing and operating decisions in an international setting. You will learn about the international | | |financial and currency markets and monetary system in which domestic and multinational firms operate. Our emphasis will| | |be on risks and opportunities faced by a corporation as a result of operating in an international environment. | Student Learning Objectives/Outcomes • Identify the determinants of currency prices and explain how these prices change in the foreign exchange (FX) markets. • Distinguish how various exchange rate systems affect currency prices in the FX markets. • Explain how a country’s balance of payments affects currency prices in the FX markets. • Explain international parity conditions which link the prices of goods, interest rates, spot rates...
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...Business Studies Revision Plan There are two exams UNIT 1 Starting a Business and UNIT 2 Growing a Business. Over the coming weeks you need to be revising key terms and completing past papers for homework. Week | Revision | Single Lesson Mini Test | Double Lesson | Homework | Grade for Homework | 23.2.15 | Unit 1.1 | Mind MapMini Test | Unit 1 May 13 Q1 and 2 | Unit 1 Jan-12 Q1 | | 2.3.15 | Unit 1.2 | Mind MapMini Test | Unit 1 May-13 Q3Unit 1 May- 14 Q1 | Revision | | 9.3.15 | Unit 1.3 | Mind MapMini Test | Unit 1 May- 14Q2 and 3 | Unit 1 Jan 12 Q2 | | 16.3.15 | Unit 1.4 | Mind MapMini Test | Unit 1 Jan-11 Q1 and 2 | Revision | | 23.3.15 | Unit 1.5 | Mind MapMini Test | Unit 1 Jan-11 Q3Unit 1 May- 14 Q1 | Unit 1 Jan 12 Q3 | | 30.3.15 | Unit 1 May- 14 Q2 | | | | | 6.4.15 | Unit 1 May- 14 Q3 | | | | | 13.4.15 | Unit 2.1 | Mind MapMini Test | Unit 2 May 13 Q1 and 2 | Unit 2 May 12 Q1 | | 20.4.15 | Unit 2.2 | Mind MapMini Test | Unit 2 May 13 Q3Unit 2 Jun 11 Q1 | Revision | | 27.4.15 | Unit 2.3 | Mind MapMini Test | Unit 2 Jun 11 Q2 and 3 | Unit 2 May 12 Q2 | | 4.5.15 | Unit 2.4 | Mind MapMini Test | Unit 2 Jun 14 Q1 and 2 | Revision | | 11.5.15 | Unit 2.5 | Mind MapMini Test | Unit 2 Jun 14 Q3 | Unit 2 May 12 Q3 | | 18.5.15 | UNIT 1 EXAM | Recap Unit 1 | Recap Unit 1 | Revision | | 25.5.15 | Unit 2 Exam Paper | | | | | 1.5.15 | UNIT 2 EXAM | Recap Unit 2 | Recap Unit 2 | Revision | | Topic List Starting...
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...BUS 138 – Section 001 International Finance Instructor: Dr. Yun Liu Office: Anderson Hall 214 Phone: (951) 827-6447 Fax: (951) 827-3970 E-mail: yun.liu@ucr.edu Quarter: Winter 2013 Lecture time: TuTh 12:40 pm – 2:00 pm Classroom: Olmsted Hall 421 Course Website: http://ilearn.ucr.edu/ Office Hours: TuTh 11:15 am – 12:15 pm Course description The course introduces you to the financial management of multinational corporations operating in a global environment. You will be exposed to a number of topics in international finance including the international financial systems, balance of payments, foreign exchange markets, measuring and hedging exchange rate risk. Course/Learning objective Students should expect to develop an integrated analytical and decision making perspective that will enable them to extend financial concepts such as capital budgeting and risk management, and instruments such as forwards and options to their international analogs. 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...
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...| | | |II. COURSE DESCRIPTION | |Students will gain a working knowledge of financial management by learning to develop a systematic approach to financial analysis; to apply techniques for | |planning, forecasting, and managing; as well as to evaluate and recommend improvements in the organization's financial performance. | | | |III. PREREQUISITES | | | |FIN 5001 OR FINP 5008 and ACTP 5001 | | | |IV. LEARNING OUTCOMES ...
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...OUTLINE OF MBA 520 Fall Semester 2008 Business Finance Instructor: Grant McQueen Teaching Assistants: Mark Cherrington & Office: 636 TNRB Christian Hsieh Phone: 422-3017 Office: 324 TNRB Office Hours: MW 2:00 - 3:00 p.m. Phone: 422-6835 e-mail: Office hours: forthcoming Home page: Course Description and Objectives This course introduces basic financial concepts all business managers should understand regardless of functional specialization. Topics include financial analysis and planning, time value of money, valuation, capital budgeting, risk/return trade-offs, cost of capital, and capital structure. The pedagogical approach used is a mixture of lectures and case examples. Cases are often used as a vehicle for discussing the complexities of real-world financial problems. To benefit most from this method of teaching, you will want to come prepared to discuss the cases in detail. By the end of the semester, students should be able to: (1) describe essential characteristics of the finance profession and institutions, (2) be conversant in basic financial jargon, (3) value paper assets (stocks and bonds) and tangible assets (capital budgeting) using the tools of time value of money, including NPV and IRR, (4) explain the various sources of financing, their associated costs, and their advantages and disadvantages, (5) calculate and use financial statements and ratios to analyze a business and create and use pro forma statements for planning...
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