...Unit 5 Written Assignment a. Describe in detail the advantages and disadvantages of renting versus owning a home. b. What is the role of the title search in making a home purchase? Prepare an essay approximately 500-650 words in length. Cite references to material that you use in preparing the essay. Introduction There are many things that we aspire to do during our lifetime as human beings. If we were to list down all our aspirations, we would find the task to be such a daunting one. In his hierarchy of needs theory, Abraham Maslow described man as a perpetually wanting being, meaning to say that new and higher needs surface once we fulfil our current needs. All our wants and needs considered, it can be said that we have an insatiable desire for both material and immaterial things. There are things however, which reign supreme among our needs and wants, things which can give us some certain degree of satisfaction. Having a roof over our head is one such thing and whether we manage to own a house or rent one depends on our circumstances and choices. This essay makes a comparison between owning a house and renting a house and looks at the economic implications of each together with the psycho-social...
Words: 646 - Pages: 3
...Renting an Apartment is a better option than buying a House (Week 2 Day 7 Assignment) Is renting an apartment a better option than buying a house? My argument is buying a house is a better option than renting an apartment. The point of view will support my topic by including facts, statistics, examples and details. The point of view will include the pros of buying a home versus the cons of renting an apartment, such as buying a house is an investment versus throwing money away, buying a house can be a tax deduction, buying a house is an investment you can live in, having a fixed mortgage rate in buying a house is a better financial option than having to deal with the inflation of rent every lease renewal, last but not least buying a home will allow you to update and upgrade as you wish, inside and outside. My point of view will also include facts and evidence against the opposing position. An argument cannot be one sided. Including evidence such as an apartment is rent and rent is money that is not an investment, you can add up all the rent you have paid in the past twenty –five years and have nothing concrete to show for it versus paying a mortgage for the past twenty-five years and could own the house in another five in most cases. In an apartment you cannot upgrade as you wish, you may risk rent increasing every year upon the lease being renewed and new management can take over and you lose your apartment. With a house, you get a garage, with an apartment you have...
Words: 384 - Pages: 2
...FORDHAM UNIVERSITY Global Financial Markets Assignment 1, Due 2/20/2014 N. K. Chidambaran MULTIPLE CHOICE QUESTIONS: From the four choices given, select one that is the best answer to the question. 1. Which of the following statements is TRUE about FDIC deposit insurance? a) Insures the deposits of the bank against bank defaults and thereby has lead to banks making risky loans. b) Insures the deposits of the bank against banks going bankrupt and thereby has led to banks making safe loans. c) Insures the deposits of the bank against default and thereby has lead to banks ignoring credit risk in their loan portfolio. d) Insures the assets of the bank against default by the borrower and thereby has lead to banks ignoring credit risk in their loan portfolio. As the manager in charge of investments at the Bacchus Pension Fund, which of the following two bonds do you pick if you expect interest rates to decrease? Face Maturity Price Yield Duration Bond A: 1000 8 1000 8% 6.21 years Bond B: 1000 8 680.58 8% 8.00 years a) b) c) d) 3. Pick bond B because it has lower price. Pick bond B because it has higher duration. Pick bond A because it has lower duration. Doesn’t matter. Both have the same yield. 2. Which of the following statements is correct about the following two bonds. Bond A: Maturity = 10 years, Coupon = 9% Bond B: Maturity = 9 years, Coupon = 5% a) Bond A has higher duration than Bond B b) Bond B has higher duration than Bond A c) Bond A and Bond B have equal durations...
Words: 896 - Pages: 4
...|[pic] |Syllabus | | |School of Business | | |ECO/212 (3 Credits) Version 6 | | |Principles of Economics | | |03/01/2012 - 03/29/2012 | | |PUERTO RICO CAMPUS | Copyright © 2009, 2008, 2006, 2004 by University of Phoenix. All rights reserved. Course Description This course introduces the fundamental theories of microeconomics and macroeconomics. The economic principles studied in this course apply to everyday life as students research an industry, debate issues with trade agreements, discuss the effects of a shift in labor supply and demand, and discuss the strengths and weaknesses of the Consumer Price Index calculation. In particular, students research an industry affected by the economy and perform an economic analysis of the chosen...
Words: 2977 - Pages: 12
...Assignment 5: Filmore Case Due Date: February 02, 2013 Submitted by: Summary: Fred Filmore established Filmore Furniture Ltd. in 1970, this particular company designs, manufactures, and sells colonial maple furniture to small retail stores and major chain stores. In 1983 Phil Filmore took ownership of this company and further enhanced it through modernizing the plant, as well as introducing aggressive management skills, new marketing strategies, and merchandising ideas, causing an increase of $3.8 million in sales income within a ten year time frame. The business was very successful, however its profits and cash flow was not adequate to afford paying for modernization programs, which resulted in selling 31% of the company shares to 5 investors. In 1999, Phil Filmore died in a car accident leaving his debt, and 63% of the company’s shares, to his wife Lucinda, who faced with 3 decisions: to retain the ownership of the company, merge with another company within the industry or simply sell it. Statement of Problem & Objective: Mrs. Filmore has to make a decision regarding this company that will release her from the entire debit left behind, as well as maintaining her financial needs and high quality standard of living. To achieve this, Mrs. Filmore has to choose 1 of the following options: * to retain the ownership of the company, * merge with another company within the industry * Sell it. SWOT: Strengths * Modernized manufacturing facilities...
Words: 3154 - Pages: 13
...| Navigation through Adaptation | | | | Overview of Organization/Introduction: The organization that I chose to discuss for my final project paper is Goldman Sachs, the renowned American bulge bracket investment bank. In addition to bringing many companies public, Goldman is also a publicly traded financial institution headquartered in New-York city. The company’s main line of business is in helping corporations and government institutions raise capital, providing underwriting services and mergers and acquisitions advice. More specifically, Goldman Sachs specializes in investment banking, asset management, and trading and securities transaction services. Goldman has an employee head-count of approximately 35,700 people and operates mainly in the U.S, Asia and Europe. The company trades on the New-York Stock Exchange; using the ticker symbol GS. Similar and in some respects worse than other investment banks, Goldman Sachs profits fell in 2011; reportedly by as much as 58% in the final quarter when compared to the same period a year earlier. It is well documented that the financial services industry has been cutting jobs post 2008 financial meltdown. Just last year, Goldman Sachs slashed some 2,400 jobs while setting aside an approximate $367,000 in compensation per employee, down 15% from an average of $430,000 in 2010. One distressed employee referred to the reward/compensation cut as a ‘bloodbath’. From all reports it seems like the culture and morale...
Words: 4184 - Pages: 17
...M Finance Vrije Universiteit Amsterdam - Fac. der Economische Wet. en Bedrijfsk. - M Finance - 2012-2013 Vrije Universiteit Amsterdam - Fac. der Economische Wet. en Bedrijfsk. - M Finance - 2012-2013 I Inhoudsopgave Vak: Institutional Investments and ALM Vak: Valuation and Corporate Governance Vak: Thesis Vak: Asset Pricing Vak: Derivatives and Asset Management Vak: Empirical Finance Vak: Research Project Finance Vak: Financial Markets and Institutions Vak: Private Equity and Behavioral Corporate Finance for Finance Vak: Financial Risk Management (Quantitative Finance) Vak: Real Estate Management Vak: Adv Corporate Finance 4.1 Vak: Valuation and Corporate Governance for Finance Vak: Institutional Investments and ALM for Finance 1 2 3 3 4 6 7 9 10 11 12 13 14 14 Vrije Universiteit Amsterdam - Fac. der Economische Wet. en Bedrijfsk. - M Finance - 2012-2013 II Institutional Investments and ALM Course code Credits Language of tuition Faculty Coordinator Teaching staff Teaching method(s) E_FIN_IIALM () 6.0 English Fac. der Economische Wet. en Bedrijfsk. prof. dr. C.G.E. Boender prof. dr. C.G.E. Boender, prof. dr. T.B.M. Steenkamp Lecture Course objective Achieve advanced knowledge of the investment process of institutional investors, like pension funds and insurers. The main objective is to fully understand the most important theoretical concepts in the institutional investment process and the way these concepts are used in practice. After following the...
Words: 5495 - Pages: 22
...ASSIGNMENT COVER SHEET Name: | | Address: | | Post code / Zip: | | Telephone No: | | Email Address: | | Date: | | Course Name: | | Tutor Name: | | Assignment Name: | | PLEASE NOTE: YOU SHOULD INCLUDE THIS INFORMATION with EVERY ASSIGNMENT. Introduction In this assignment I will be researching the Business Environment and the Business Organisations, I will learn why Businesses operate in different ways and how strategies are developed to meet an ever changing market both national and globally. Section 1 Understanding the Organisational Purposes of Business. There are several terms to describe the word Organisation; A company set up to be profitable, a company set up for a cause or non-profit, a group or association that serves a particular purpose. All of these examples and the others though are all similar, in that they are structured and managed to pursue collective goals. In this section I will describe the purposes of the different types of organisation, the extent to which objectives are met for the stakeholders and also the responsibilities of an organisation with the strategies employed to meet them. Business Organisations exist to do one of two things which are to Produce and/or Provide. The type of sector an organisation is categorised is dependent on the product or service provided these are Primary, Secondary and Tertiary Sectors. Primary sector organisations exist to produce the raw materials needed to produce a product, Secondary sector...
Words: 7455 - Pages: 30
...University of Sunderland | Financial Management Assignment | Assessment Class Work 09/10 | Abdulla Aljenaibi 084974776 | Abstract This class work takes the form of a report to the Crisp PLC management. Due to word limitations and assuming that the reader has some knowledge of financial aspects, I have not discussed market forms with regard to market efficiency. Also, for the same reason, I don’t talk about the internal finance sources or bank loans including short loans. However, I focus on bonds and stocks. With regard to cost capital, I briefly discuss the weighted cost of capital. The word total is 3204. If we exclude the front page, the abstract, contents page and the references, the total is 2988 words. Contents Introduction | 3 | Financial Markets Efficiency | 3 | Sources of Finance | 5 | The cost of capital | 9 | Dividend policy | 9 | Conclusion | 11 | References | 12 | Introduction This report aims to provide the necessary information for the Board of Directors of Crisp PLC about funding sources. This is necessary since Crisp PLC has found that it is need to raise large amounts of funds in order to ensure success in different projects. The report includes details with regard to market efficiency, finance sources, cost of capital, and dividend policy. Financial Markets Efficiency يعتبر مفهوم الكفاءة لسوق رأس المال من أهم الجوانب الرئيسية لدراسة تطور أسواق رأس المال .ويتباين مفهوم الكفاءة فى سوق رأس المال عن المفهوم التقليدي...
Words: 5473 - Pages: 22
...course built around the financial crisis and the lessons it offers business students. Complete pedagogical modules are offered for each discipline, including suggestions for specific assignments in each discipline. Key Words: Capstone Course, Banking Crisis, Pedagogy Centering the Business Capstone Course, Pate 1 Research in Higher Education Journal INTRODUCTION A capstone course is essential in the business school curriculum. It provides each student the time to refresh their grasp of and to hone their ability to apply the principles, tools, and methods of the fields comprising the business curriculum. Further, it gives students the opportunity to integrate the insights of the various fields. The effectiveness of the capstone course can be enhanced by centering the capstone course on the 2008 financial crisis. All students share the common experience of the 2008 crisis’s violent shaking of the economy. It immediately affected each of their pocketbooks and continues to do so today, as well as their expectations for their futures. This common experience with the financial crisis provides a rich context for framing the illustrations of the principles and the applications of the tools and methods of the various business disciplines. It also makes the course’s questions, tasks, exercises, and assignments immediately relevant...
Words: 10514 - Pages: 43
...Managing financial resources and decisions Part 1 Assignment 1 Task 1 Sources of finance for different businesses Different sources of finance are given for, old, large small etc organizations. Type | Cost | Payback Terms | Sizes | Advantages | Disadvantages | Personal Savings | No cost | None | | Easy, cheap | Risk of Loss | Friends & Family | Usually good rate or none | Very flexible | | Flexible, best value | Can create friction | Home Mortgages - Traditional or Seconds | 7-9%8-14% on equity loans | Very long and flexible | 80-100% + of home equity value | Cheapest, longest term | Your house is at risk in the event of non-payment | Suppliers | Free | 30 days +/- | | Inexpensive, unsecured | Short term | Venture capital | 25-40% | 5-7 years | $500,000+ | Can get large amounts | Very hard to get; share ownership | Leasing companies | 12-18% | 5-7 years | Varies | Same as above; also 100% financing | | Banks | 6-9% | 1-5 years | $50,000+ | Generally least expensive | Generally hardest to qualify for | Task 2: a) Importance of financial planning for Barlett Company Some important factors are given below for the company: - * It helps in managing income more effectively through planning. * Increasing cash flows by carefully monitoring company’s spending patterns and expenditures. * Allowing the company to consider investments to improve its overall financial matters. b) Information needs of the different decision makers In the below table...
Words: 3585 - Pages: 15
...Subject: Managing Financial Resources & Development Roll No: 7 Student name: Zain Sajjad Merchant | | UNIT | Unit 2- Managing Financial Resources & Decisions | Course | HNC | LECTURER | Mr.Parvez Ahmad | VERIFIER | Ms Reena Cliffton | HAND OUT DATE | 15.10.’10 | SUBMISSION DATE | 27.11.’10 | STUDENT | Zain Sajjad Merchant | TERM | Dec 2010 | ASSIGNMENT GUIDELINES 1. This Assignment is designed to help you achieve a Merit or Distinction. 2. During your Structured Individual Study (SIS), you are required to answer each question above (Outcomes Assessment Criteria) which has been covered separately in respective Lessons. 3. In your answer, write about the key concepts highlighted by the Lesson (underpinning knowledge). 4. You can get an idea of the key concepts by referring to the Lesson’s handout, in the Overview section of the Lesson. 5. Look for real-life examples to apply your key concepts (applied knowledge). 6. Make use of the SIS time to research books. 7. During your SIS time, use the computer to research recommended websites and word process your Assignment. 8. Follow the guidelines given in your Handbook. 9. Study the Merit and Distinction Descriptors below to ensure that your work demonstrates compliance in order for it to be considered for their respective Awards.It is important that the work you produce is carefully planned & written.Your work should demonstrate (a) your understanding of the theory you have learned...
Words: 6126 - Pages: 25
...Canada Homes Corporation Report prepared for: CHC Board of Director Prepared by: Erdell & Co., Management Consultant July 2, 2006 Executive Summary Canadian Home Corporation (CHC), a residential developer in Eastern Canada, was incorporated in 1978 and is well-known in the residential construction industry for quality and innovative design. Currently CHC is experiencing challenges in generating profitable income and meeting shareholder’s objective of annual dividends. It remains unprofitable due to rising material and labor costs, and the cyclical nature of the real estate industry. In addition, quality issues have created negative publicity that threatens the reputation of CHC. The purpose of this report is to analyze strategic and operational issues with CHC and to provide recommendations to improve the performance of the company. CHC’s external opportunities and threats that affect the company’s decision on its strategic alternatives include: increasing popularity of prefabricated housing, high demand of renovation, labor shortage, and a shortage of land available for development. In light of its internal analysis and external environment, CHC must: 1. Pursue renovation services 2. Manufacture prefabricated homes 3. Reject GH’s joint venture proposal 4. Reject rental property development proposal 5. Divest Maritimes Division To mitigate the various operational issues: 1. Declare bankruptcy for its European subsidiary ...
Words: 6084 - Pages: 25
...The attached assignment is NOT a model answer but rather an indication of how one syndicate group approached the problem set for that semester. It was one of the better papers but ……… Please note that the Executive Summary portion received a fail as it did not concentrate on what the group had recommended – the alternatives and why which one was chosen. They did, however, develop some alternatives, discussed them and then decided which one should be selected within the main body of the paper. It is also worth noting that for a 2008 assignment; almost all of the references were from that year. There are NO textbooks listed. AFF92 260: Aust ralian Cap pital Mark kets Semester 2‐ 2 S 2008 MZM C ON ULT ING M M NSU G MRCB gula y Ca al B Reg atory apita Fu ing Alte ative und erna es Authors: Version 1.0 Date e Issued: 25/09/ /2008 Word Count: 5,000 (no ot including ta ables) MZM CONSULTING Paul Masulan ns, Alex Zaikin ne, David McG Ghee Monash Unive M ersity Level 3 Building H 900 Dandenon ng Rd. PO Box x 197 Caulfield East, Victoria 3145 Australia 25 Septem mber 2008 Re: Regulatory Capita al Funding Alternatives CB Board, Dear MRC Please find the attach hed report on n regulatory capital funding alternatives. ument has b been prepare for the C ed Chairman and Directors ...
Words: 10592 - Pages: 43
...JOMO KENYATTA UNIVERSITY OF AGRICULTURE AND TECHNOLOGY MASTERS OF BUSINESS ADMINISTRATION UNIT : ORGANISATION BEHAVIUOR ASSIGNMENT : DISCUSS MOTIVATING SENIOR MANAGERS LECTURER : DR MUGAMBI 1. TITUS AGALLA HD333-C005-2835/2011 Introduction Definitions Motivation Motivation is a term that refers to a process that elicits, controls, and sustains certain behaviors. For instance: An individual has not eaten, he or she feels hungry, as a response he or she eats and diminishes feelings of hunger. Motivation- the concept According to Webster’s New Collegiate Dictionary, a motive is “something (a need or desire) that causes a person to act.” Motivate, in turn means “to provide with a motive,” and motivation is defined as “the act or process of motivating.” Thus motivation is the act or process of providing motive that causes a person to take some action. In most cases motivation comes from some need that leads to behavior that results in some type of reward when the need is fulfilled. Rewards Rewards can take two forms. They can either intrinsic/internal rewards or extrinsic/external rewards. Intrinsic rewards are derived from within the individual. For a healthcare employee this could mean taking pride and feeling good about a job well done (e.g. providing excellent patient care). Extrinsic rewards pertain to rewards that are given by another person, such as a healthcare organization giving bonuses to teams of workers when quality...
Words: 3717 - Pages: 15
