...Week 1 Homework Chapter 1: Marriage, Relationships, and Family Commitments: Making Choices in a Changing Society 3. What important changes in family patterns do you see today? Do you see positive changes, negative changes, or both? What do they mean for families, in your opinion? As the textbook states on page 13 the three society-wide trends have already dramatically changed American family life and will continue to do so. (1) new communication and reproductive technologies, (2) changes in America’s race/ethnic composition, and (3) economic uncertainty. Also, delayed marriage and frequent divorce are transforming the American household, etching patterns of solitude, single parenthood and homes increasingly filled by unmarried couples. Men and women are marrying later than ever before. On these days a couple will move in together, have kids, then marriage each other when it should be the other way around. 4. What are some examples of a personal or family problem that is at least partly a result of problems in the society? The list of personal, family, or social problems is huge and not identical from area to area. Some predominant social issues include the growing divide between rich and poor, domestic violence, unemployment, pollution, urban decay, racism and sexism, and many others. Sometimes social issues arise when people hold very different opinions about how to handle certain situations like unplanned pregnancy. Also, the problem of materialism and consumerism...
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...Deborah Michelle Messenger Week 1 Homework 5/8/2016 1. Calculating OCF. Hammett, Inc., has sales of $34,630, costs of $10,340, depreciation expense of $2,520, and interest expense of $1,750. If the tax rate is 35 percent, what is the operating cash flow, or OCF? a. Operating cash flow $ 17283 Sales - Cost - Dep = EBIT 34630 - 10340 - 2520 = 21770 EBIT - Interest = Taxable Income 21770 - 1750 = 20020 Taxes (35%) = 20020 x .35 = 7007 Net income: 20020 - 7007 = 13013 EBIT + dep - less taxes = OCF 21770 + 2520 - 7007 = 17283 2. Calculating Cash Flows. Weiland Co. shows the following information on its 2014 income statement: sales = $167,000; costs = $88,600; other expenses = $4,900; depreciation expense = $11,600; interest expense = $8,700; taxes = $18,620; dividends = $9,700. In addition, you’re told that the firm issued $2,900 in new equity during 2014, and redeemed $4,000 in outstanding long-term debt. b. Calculating Cash Flows. What is the 2014 operating cash flow? i. Income Statement Sales $167,000 Costs 88,600 Other Expenses 4,900 Depreciation 11,600 EBIT $61,900 Interest 8,700 Taxable income $53,200 Taxes 18,620 Net income $34,580 Dividends $9,700 Addition to retained earnings 24,880 Net income = Dividends + Addition to retained earnings Addition to retained earnings = $34,580 – 9...
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...17. Give an example of a recent purchase you made where the purchase of an ongoing relationship with the seller. Discuss what the seller has (or could do better) to strengthen the relationship and increase the odds of you being a loyal customer in the future. I’m a loyal customer of Jimmy Johns restaurant they make gourmet sub sandwiches. I eat a sub almost every week. The restaurant is in a prim location that sits right of the main street that I take to get home from work. Jimmy John’s subs are large and cheap and are made very fast. The restaurant also has a drive through which makes the ordering and purchase of the subs even that much faster. If I’m home and feeling a little lazy I can even order a sub and have it delivered to my house. Jimmy John’s has covered all bases, that’s why I will continue to be a loyal customer. 18. In your own words explain several reasons why a marketing manager should consider international markets when evaluating possible opportunities. International trade is growing around the world and the obstacles of trade are going away. Also with progress in e-commerce, transportation, and communication it has become more affordable and less difficult to reach international customers. Internet exercise page 10 About 20 different manufacturers products are shown on the home page of target.com. I don’t think consumers would be better off if each manufacture sold directly from its own website. Its easier to go to websites like target...
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...Question 6. Many drug safety research studies are sponsored by pharmaceutical companies that would financially benefit if the results of the study are favorable. Is this an example of a potential confounding factor? A confounding factor is an important difference between the two groups you are comparing, other then the one you’re primarily interested in. With regards to this question, there would most likely be two groups involved in the experimental study: the control group and the treatment group. The control group would receive a placebo while the treatment group was administered the drug. Because the sponsoring pharmaceutical most likely has a personal interest in the success of the drug, and hence a desirable effect from the treatment group. The confounding factor may be how and who the participants were chosen for the study. People who may be interested in being a part of the study may have a pre-existing condition that the drug will help. In other words, a drug company is not going to have a clot-relieving drug tested on people with no pre-existing clot issue as the drug would not be isolating the issue it is intended to mediate. Yes, the relationship of the sponsor (pharmaceutical company) to the study is a confounding factor and inherently causes bias and inaccuracies within the study. 13. Below are some data from 2005 for on-the-job deaths in dangerous jobs. Which job seems the most dangerous? Which seems the least dangerous? Explain. Fishers and fishing workers...
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...1-17 A. The interest rate for the United National Bank loan is lower than the original loan since a review report by a CPA would lower the information risk. The same goes for the First City Bank yet an even lower rate because an audit report is even more detailed, therefore, lower the information risk more. B. The loan from First City Bank offers the best annual costs: Bank | CPA Costs | Annual Interest | Total Annual Cost | Current Loan | 0 | 360,000 | 360,000 | United National | 35,000 | 300,000 | 335,000 | First City | 60,000 | 240,000 | 300,000 | C. Busch Corp should take the loan from United National: Bank | CPA Costs | Annual Interest | Total Annual Cost | Current Loan | 0 | 360,000 | 360,000 | United National | 35,000 | 270,000 | 305,000 | First City | 80,000 | 240,000 | 320,000 | D. Busch Corp may desire to have an audit regardless of the cost since it has the potential of helping to detect fraud, assist in management decision making and help with recommendation for control efficiency. E. The value of the audit is higher when the auditor has a substantial understanding of the business the client is in. In order to assess risks, accuracies and help recommend controls, the auditor needs to understand the structure of the industry, specific regulations, technology used and the nature of the business’s customers and creditors. 1-19 A. Definition of auditing: 1. Information- quantity and quality of the trucks 2. Established...
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...BUSN 5200 Homework Assignment for Week 1: 1. Describe the field of finance. How is it different from the field of accounting? Finance is a multifaceted field that relates to many aspects of life and business and it is beneficial to understand its impact. Knowing how finance works in different areas is crucial in budgeting investing and making your assets go far. In the text, Finance consists of three areas; corporate finance, investments and financial institutions. Corporate finance ( synonymous with business finance). Investments, which consist of financial assets like stocks, bonds; in this field you deal a lot with stock brokers as well as security or financial analysts. Financial institutions which are most commonly banks, insurance agencies, etc. and deal with financial transactions. There is a fourth element which the former three categories fall under which is international finance; however, is overseas and expands the definition of finance. Accounting vs Finance. Accountants should possess at least a general knowledge and more depending on their occupation because Finance and Accounting should go hand in hand, meaning one cannot exist without the other. In areas of corporate finance it is required to have accounting experience or education because many accounting principles use finance in its business decisions and duties. Additionally, as finance grows and changes it affects accounting practices, i.e. financial statements. Furthermore, cost accounting...
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...Will Davis July 13, 2014 Week 1 Homework Assignment Which economic system is best suited for handling a crisis of epic proportions (hurricane, flood, blizzard, forest fire, etc.)? Why? NIMS (National Incidence Management System) also known as FEMA. When there is a natural disaster, emergency crews (fire department, ambulance, police etc.) is usually the first help on the scene to help people out. Socialism system offers the best solution for handling emergency situations because the government takes care of paying the people who work there so everyone can focus on helping the people in need. Being a not for profit organization means that everyone doing what they are supposed to and looking after injured people's best interest. Socialism in its perfect form (which rarely ever happens) seems to be the best economic system because it teaches people how to share things with your neighbor and to help out on the time of need. Describe and explain why a socialist system might be the best in responding to the needs of people struck by an emergency situation like the earthquake that occurred in Haiti in January 2010. A socialist society is more likely to have immediate and controlled impact on an emergency situation like the ones suffered in recent years throughout the world. Socialist societies are base in the good of the nation and the human needs of the people making them more efficient in regrouping and reorganizing their efforts. In these societies, each person has a role...
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...1.1 a. what are some of the industries in the healthcare sector? * health services, insurance, equipment, supplies, drugs, and technology related to healthcare b. what is meant by the term health care finance as used in this book? healthcare finance is about accounting and financial management in healthcare. it provides organizations and managers with information as to help them make better financial decisions. c. what are the two broad areas of healthcare finance? * Accounting and financial management d. why is it necessary to have a book on healthcare finance as opposed to a generic finance book? - healthcare business in different than general business. healthcare services are mostly from not for profit corporations, which work with the normal investor owned corporations. because of insurance it also has third-party payers. 2. what is the difference between a business and pure charity? -businesses try to make profit, invest in its business. Charity work is non profit, and don’t make their revenue by selling their services. 3. a. briefly discuss the role of finance in the health services industry. -Finance is used to maximize efficiency and value. Also to implement cost controlling strategies. b. has this role increased or decreased in importance in recent years? increased. before healthcare used to make high profits and revenue, now its not so easy to be successful. finance is important and negligence in this department...
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...1-2. Identify and describe the five environmental differences between governments and for-profit business enterprises as identified in the Governmental Accounting Standards Board's Why Governmental Accounting and Financial Reporting Is—and Should Be—Different. The five environmental differences include mission/purpose, source of revenue, potential longevity, relationship with stakeholders, and role of budget. The mission/purpose is defined by the goals of the organization. The purpose of a commercial business is to make money. A non-profit organization’s purpose is to provide a service, without compensation from the people being served. The source of revenue comes from net income, which comes from a sale of goods or services in the private sector or in the public sector comes from tax dollars or donations. The longevity potential for a private business depends on the ability to generate a profit. In contrast a non-profit relies upon tax dollars or donations. The stakeholders of a private corporation are the owners/stockholder/investors. The stakeholders of a public organization are the taxpayers and general public being served. The budget in the private sector is flexible, depending on revenues and directors. The budget within a public organization is typically not flexible and has to be followed exactly. 1-3. Identify and briefly describe the three organizations that set standards for state and local governments, the federal government, and nongovernmental...
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...shout their approval. The event reminds you of the topic of today's lecture in psychology class. What was the likely topic of the lecture? Student Answer: * bias experiments psychoanalysis extraneous variables Instructor Explanation: Chapter 1 page 4 The fans are showing bias and this is an important issue. Points Received: 2 of 2 Comments: Question 2. Question : The school of behaviorism attempted to explain behavior by studying Student Answer: the reasons people give for their behaviors. the specific personality traits that lead to behavior. * how a specific stimulus evokes a specific response. the purposes of people's behavior. Instructor Explanation: Chapter 1 page 11 This relationship, called a stimulus-response association, is one of the major foundations of behaviorism. Points Received: 2 of 2 Comments: Question 3. Question : Who claimed that behavior is affected by reinforcement? Student Answer: William James Sigmund Freud * B. F. Skinner Wilhelm Wundt Instructor Explanation: Chapter 1 page 12-13 Skinner believed that behavior that is followed by good consequences is reinforced. Points Received: 2 of 2 Comments: Question 4. Question : In the 1970s, a 13-year-old girl was found locked up in a room, strapped to a potty chair. Since she had grown...
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...Mini Case (p. 45) Assume that you recently graduated and have just reported to work as an investment advisor at the brokerage firm of Balik and Kiefer Inc. One of the firm’s clients is Michelle DellaTorre, a professional tennis player who has just come to the United States from Chile. DellaTorre is a highly ranked tennis player who would like to start a company to produce and market apparel she designs. She also expects to invest substantial amounts of money through Balik and Kiefer. DellaTorre is very bright, and she would like to understand in general terms what will happen to her money. Your boss has developed the following set of questions you must answer to ex- plain the U.S. financial system to DellaTorre. a. Why is corporate finance important to all managers? Corporate finance provides the skills managers need to identify and select the corporate strategies and individual projects that add value to their firm and forecast the funding requirements of their company, and devise strategies for acquiring those funds. b. Describe the organizational forms a company might have as it evolves from a start-up to a major corporation. List the advantages and disadvantages of each form. Business Organization from Start-up to a Major Corporation: Sole proprietorship, Partnership and Corporation. Form of Business: Characteristics: Advantages: Disadvantages: Proprietorships Unincorporated business owned by one individual. • Easily and inexpensively formed • It is subject to few...
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...NT1330 Client-Server Networking II Name: Homework 1 Ch. 1 (70-642): Introduction to Networking Concepts Fill in the Blank: 1-10 The most widely used IP addressing scheme is IPv4. The most recent and largest address space IP addressing scheme is IPv6. To distribute IP addresses automatically, a network administrator would configure the DHCP service. The first attempt at breaking up IP address space used classful addressing to provide address ranges of differing sizes. Prior to the introduction of the Domain Name System, computers used HOST files to map human-readable named to IP addresses. A(n) Subnet Mask is used to separate the host address portion of an IP address from the network address. The subnet mask within the TCP/IP configuration is used to distinguish the network address from the host address. In dotted-decimal notation, each IPv4 address is broken up into four octets. Server computers and other systems that need to be accessed reliably by network clients should be configured with a(n) static IP address. The method of breaking up IP address space into address ranges of flexible size is called CIDR . Page Break Case Scenario Case Scenario 1-1: Designing Windows Server 2008 Network Services Lucerne Publishing is a publishing company based in New York City, New York, which produces science textbooks for colleges and medical schools. In recent months, Lucerne Publishing has been planning...
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...510 Week 1 Homework Purchase here http://devrycourse.com/ENTR%20510/entr-510-week-1-homework Product Description ENTR 510 Week 1 Homework Table of Contents Introduction3 World-changing industries and opportunities over the next 5 to 10 years3 Technologies to drive these world-changing opportunities4 Regions of the world with the greatest potential for developing4 Skills needed to take advantage of these opportunities4 ENTR 510 Week 1 Homework Purchase here http://devrycourse.com/ENTR%20510/entr-510-week-1-homework Product Description ENTR 510 Week 1 Homework Table of Contents Introduction3 World-changing industries and opportunities over the next 5 to 10 years3 Technologies to drive these world-changing opportunities4 Regions of the world with the greatest potential for developing4 Skills needed to take advantage of these opportunities4 ENTR 510 Week 1 Homework Purchase here http://devrycourse.com/ENTR%20510/entr-510-week-1-homework Product Description ENTR 510 Week 1 Homework Table of Contents Introduction3 World-changing industries and opportunities over the next 5 to 10 years3 Technologies to drive these world-changing opportunities4 Regions of the world with the greatest potential for developing4 Skills needed to take advantage of these opportunities4 ENTR 510 Week 1 Homework Purchase here http://devrycourse.com/ENTR%20510/entr-510-week-1-homework Product Description ENTR 510 Week 1 Homework ...
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...========================================================== FIN515: Week-1 Assignment ========================================================== MINI-CASE (p. 45): Consulting Michelle DellaTorre To explain the U.S. Financial System to Ms. DellaTorre, I would provide her with the following answers to the questions given to me by my boss: 1. Why is corporate finance important to all managers? Corporate finance is a basic component of how a business is run. All managers should keep this in mind to direct funds to the optimal division or product in a company. In addition, managers should understand how their company is financed and whether it has a risk of bankruptcy. Conversely, managers should understand if the equity in the business is undervalued and has the potential to grow. 2. Describe the organizational forms a company might have as it evolves from a start-up to a major corporation. List the advantages and disadvantages of each form. Sole Proprietorship: A type of business entity that is owned and run by one individual and in which there is no legal distinction between the owner and the business. The owner receives all profits (subject to taxation specific to the business) and has unlimited responsibility for all losses and debts. Every asset of the business is owned by the proprietor and all debts of the business are the proprietor's. This means that the owner has no less liability than if they were acting as an individual instead of as a business. Some advantages...
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...receive the dividends) and retained earnings will drop to $57 Million. c) A 2 for 1 reverse split will show that the number of outstanding shares will decrease to 1,000,000, but the other values remain undisturbed except that the par value will increase to $100. 5) The effect of the stock dividend is Common stock increases by $20,000, outstanding shares increase by 20,000 and Additional Paid in Capital increases by $60,000, while retained earnings decreases by $80,000. The effect of the cash dividend is that cash decreases by $30,000 and retained earnings will drop by an equal amount. 7. a. EPS drops to $2.10, b) no change, c) no change, d) no change, e) doubles to 2,000,000, f) no change. Chapter 11 1. a) V= 2 (1.06)/4%= $25 is the value of the stock. b) The value of the stock changes to $79.5 c) The value of the stock increases to $141.33 d) The value of the stock changes to 34.66 e) The value of the stock changes to $39.87 2) I'd be willing to pay $77. 3) a) The maximum prices based on the dividend growth model would be $15.29, 25.5 and 49.6 respectively. b) The implied percentage return would be 4.65% if the investor buys stock A c) If the P/E ratio was 12, the prices would be $24, 38.4 and 84. If the P/E was 7, they'd change to 14, 22.4 and 49. d) The negative growth rate for stock C implies that future dividend will be lesser than current dividend. Chapter 14: Answer 1: If required rate of return is 13%, then the value is $69.23. If the...
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