...Were the problems caused by bad luck, bad strategy (flawed business model), or bad execution? 2. Evaluate the proposed restructuring plan (the one proposed in Jan. 1997). What are the details of the plan? Will the plan solve Marvel’s problems? 3. How much is Marvel’s equity worth (in $/share) under the proposed restructuring plan, assuming it acquires Toy Biz as planned? Why is it sensible to use the CCF method here? (Assume a long-term market risk premium of Marvel Entertainment Group 1. Why did Marvel file for Chapter 11? Were the problems caused by bad luck, bad strategy (flawed business model), or bad execution? 2. Evaluate the proposed restructuring plan (the one proposed in Jan. 1997). What are the details of the plan? Will the plan solve Marvel’s problems? 3. How much is Marvel’s equity worth (in $/share) under the proposed restructuring plan, assuming it acquires Toy Biz as planned? Why is it sensible to use the CCF method here? (Assume a long-term market risk premium of Marvel Entertainment Group 1. Why did Marvel file for Chapter 11? Were the problems caused by bad luck, bad strategy (flawed business model), or bad execution? 2. Evaluate the proposed restructuring plan (the one proposed in Jan. 1997). What are the details of the plan? Will the plan solve Marvel’s problems? 3. How much is Marvel’s equity worth (in $/share) under the proposed restructuring plan, assuming it acquires Toy Biz as planned? Why is it sensible to use the CCF method here? (Assume...
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...The standard that should be used to judge the moral worth of certain actions has remained debated and controversial over time. Though it is hard to apply in real life, I personally believe that the moral worth of an action should be determined by the motivation and intention that initiated it, but not by the consequences or influences that the action brings about. I will illustrate my reasoning by focusing on Kant’s views on good will and moral worth, along with some real life examples, Socrates’s discussion on differences between mere true belief and real knowledge of virtue and several other philosophers’ unique interpretations and related discussions on this topic. Kant makes a clear argument about good will in the very beginning of his book Grounding for the Metaphysics of Morals. He explicitly states that: “There is no possibility of thinking anything at all in the world, or even out of it, which can be regarded as good without qualification, except a good will. (Kant 7)” Kant believes that a good will is always morally good. Therefore, what a good will does is always morally good as well. Also, he obviously takes good will as the only true standard to judge the moral worth of a certain action. He explains that everything that seems to be good by itself actually could only be good if they are driven by a good will; without a good will, these other things might be used to produce negative outcomes. Except for a good will, nothing else would be good simply on its own...
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...56 out of 100 . Answer Key Chapter one ------------------------------------------------- Top of Form Question 1 (Worth 4 points) Your friend says your car is worth about a dollar. Your friend is using money as a standard. store of value. medium of exchange. measure of value. Points earned on this question: 4 Question 2 (Worth 4 points) Currency is an adjective for current economic news. stocks and bonds. paper bills and coins. government-issued bank checks. Points earned on this question: 4 Question 3 (Worth 4 points) Quantity demanded is the quantity customers will purchase at a specific point in time. producers will sell at a specific price. government demands to be produced. people will purchase at a specific price. Points earned on this question: 0 Question 4 (Worth 4 points) Which situation best illustrates all three of the basic economic questions? You start your own web design company and sell your services to local businesses. You start your own web design company for fun, making sites for your friends. You pay a web design company to make a site for you. You start a web design company using your own equipment and serve local businesses. Points earned on this question: 4 Question 5 (Worth 4 points) Your friend wanted a cell phone and an mp3 player for birthday gifts. When his mom said he could only have one, he chose the cell phone. His opportunity cost is the the enjoyment of having a cell phone. price...
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...ability to calculate present value. A. Suppose your bank account will be worth $15,000.00 in one year. The interest rate (discount rate) that the bank pays is 7%. What is the present value of your bank account today? What would the present value of the account be if the discount rate is only 4%? The present value for a bank account that is worth $15, 000 in one year at an interest rate of 7% will be $14019.00. Using the Present Value Factors Table for a period of one year at a 7% rate value factor is .9346. $15, 000 x .9346= $14019.00 worth in value. The present value for a bank account that is worth $15, 000 in one year at an interest rate of 4% will be $14422.50. Using the Present Value Factors Table for a period of one year at a 4% rate value factor is .9615. $15, 000 x .9615= $14422.50 B. Suppose you have two bank accounts, one called Account A and another Account B. Account A will be worth $6,500.00 in one year. Account B will be worth $12,600.00 in two years. Both accounts earn 6% interest. What is the present value of each of these accounts? Account A would be worth $6, 132.10. Account A in one year at a 6% interest rate value factor is .9434. $6500 x .9434= $6132.10 Account B would be worth $11, 214.00. Account B in two years at a 6% interest rate value is .8900. $12, 600 x .8900= $11. 214.00 C. Suppose you just inherited a gold mine. This gold mine is believed to have three years worth of gold deposit. Here is how much income this gold mine is projected...
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...life is unconscious pattern. We all have blind spots sometimes when I examine a chronic problem in my life, I have unsetting feeling that I must be missing something, but I can’t quite see what it is. We try to examine ourselves but none of us can use our backside (our shadow) That’s why Socrates’ method of self examination includes an essential element that becomes Socratic dialogue. Dialoguing with a close friend, a spouse a skilled psychotherapist or spiritual advisers help reveal those blind spot we cannot see by our selves. This quote is from Socrates believed that the purpose of human life was personal and spiritual growth. We are unable to grow towards greater understanding of our true nature unless we take time to examine and reflect upon our life. Examining our life reveals pattern of behavior unless we become aware of these pattern, much of our life is unconscious repetition however many times we are too busy with our life and work to contemplate fully our life’s pattern. According to Socrates we need to stop and evaluate so that we can spot our patterns of destructive, otherwise your life is simply not worth living. Through our generation, mankind has been asking themselves what is the purpose of life. And obviously, it would not be easy for one alone to answer or explain what the meaning of life is. One’s life is monotonous it is meaningless and it is not monotonous if it has a purpose, a target...
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...What is GAAP and what is the purpose of GAAP GAAP means generally accepted accounting principles and are a compilation of authoritative accounting standards that public, nongovernmental entities within the USA are required to follow by the authority of the Securities and Exchange Commission. Since 1973, the SEC designated the Financial Accounting Standards Board and a private, non-profit organization are as the one responsible for establishing U.S. GAAP. What is the purpose of a balance sheet? What information does it provide? The purpose of a Balance Sheet is to report the financial position of a company at a certain point in time. It is divided into two columns. The first lists what the company owns (assets) on the left. The second shows what the company owes (liabilities and net worth) on the right. At the bottom of each list is the total of that column. As the name implies, the bottom line of the balance sheet must always Balance. In other words, the total assets are equal to the total liabilities plus the net worth. Marianne M. Huey The purpose of a Balance Sheet is to report the financial position of a company at a certain point in time. It is divided into two columns. The first lists what the company owns (assets) on the left. The second shows what the company owes (liabilities and net worth) on the right. At the bottom of each list is the total of that column. As the name implies, the bottom line of the balance sheet must always "balance." In other words, the total...
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...Motivation: Self-worth theory Motivation: Self-worth theory Since 1890 many people have pondered and tested the theory that what a person thinks about themselves impacts what they achieve in life. Goals, aspirations and the motivation to achieve such things vary from person to person depending their high or low opinion of self-worth. There is a direct correlation between success and self-worth, academic goals and achievement behavior are affected by the quality of self-regulation (Covington, 2000). Education is all about motivation and when someone has a greater sense of self[worth they want to achieve greater things and better themselves. Besides self-worth another huge motivator is to have a sense of belonging, integrity, and the respect of others (Covington, 2000). Building the self-worth of employees is a great motivational tool. Recognizing superior effort publicly, or privately will boost a person’s self-worth and motivate them to keep up the good work or do better. Simply treating someone with respect and dignity will greatly improve their self-worth and therefore their motivation. If you treat an employee as an equal, listening to their ideas and contributions instead of just forcing them to implement your ideas, they will feel better about themselves and their work. Business is serious, but people will be more motivated if they have reason to smile (Charney, 2005). ...
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...to Gula, Christians believe that every person in the world is made in the image of God and, therefore, they have worth value and dignity. 2. A gift is what we have received, and we give to the community. According to Gula, every individual’s gift is supposed to developed and cherished so that they can be shared with other individuals. Among the greatest of gifts is to be made in God’s 3. Responsibility is the effort we put towards living the way Jesus shows human beings should live. Responsibility according to Gula is what human dignity is in addition to 4. Humility is one of the fundamental values together with gratitude that are important in living a good life. Humility is also an individual’s acceptance of their abilities and limitations. It is the middle ground between the extremes of self-effacement and pride 5. Gratitude is among the two primary values together with humility to living a good life. Gratitude is a virtue that also closely follows with humility in accepting that every gift individuals have received are meant to be shared. Gratitude is also remembering to tell others thank you (Gula 31). 6. Worth is what is rooted in God’s love and not on individuals. To love other individuals is how people show that they are worth. 7. Self-esteem is constructed by individual’s belief about God. What individuals believe about God is also related to their self-esteem. A social person is an individual that have...
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...The Unexamined Life Is Not Worth Living “The unexamined life is not worth living,” is a familiar saying that Socrates said at his trial for heresy, that is, encouraging his students to challenge the accepted beliefs and think of themselves instead and this led to his death sentence. Socrates could have avoided death by choosing life in prison or exile but he refused claiming that, these alternatives will prevent him from examining the world around him and see how to make the world a better place. He argued that with the absence of his examined life will, there was no value of living. Therefore, Socrates claimed that for a human being to live a worthy life, everyone should question, examine and re-examine the values of their lives daily (Kamtekar, 154). This paper explores the meaning and the significance of the Socrates claim that “the unexamined life is not worth living” focusing on the Apology and Euthyphro. The words, ‘the unexamined life is not worth living’ by Socrates comes from Plato’s Apology when Socrates is sentenced to death after being accused of corrupting the youth and impiety (Ahbel-Rappe & Rachana, 229). Patterson posits that apology is one historical account of Socrates’ defense during his trial (Patterson, 16), and these words appear at the end of the Apology when Socrates is going through possible punishments for charges against him. Socrates utters these words when the jury has already found him guilty and has to decide on what kind of punishment to impose...
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...Question 1 (Essay Worth 15 points) Exchange Rates | Year | U.S. Dollar | South Korean Won | Malaysian Ringgits | Indonesian Rupiahs | 2008 | 1 | 9,046 | 3.49 | 9,022 | 2009 | 1 | 9,046 | 3.78 | 9,087 | 2010 | 1 | 8,995 | 3.65 | 9,144 | a. Given the change in the value of the dollar between 2008 and 2009, as indicated in the table above, describe the effects this will have on United States tourism in each of these countries. b. Explain what impact the change in the value of the dollar between 2008 and 2009 will have on the United States current account. Question 2 (Essay Worth 15 points) Suppose the United States decides to impose a tariff on all wood products coming into the nation. a. Using a supply and demand market graph, show and explain how the tariff will affect the market for wood products in the U.S. b. Who are the winners and losers as a result of the tariff on wood products? Consider foreign and domestic producers, the U.S. government, and consumers in your answer. c. Explain one of the arguments for the imposition of the tariff on wood products. d. Name two (2) negative costs that will result from the tariff. Question 3 (Multiple Choice Worth 2 points) The balance of payments includes all of the following except transfer payments for welfare. goods and services sold overseas. foreign purchases of domestic assets. imported goods and services. capital goods purchased by foreigners. Question 4 (Multiple...
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...Turning Money into Wealth, 5e (Keown) Chapter 2 Measuring Your Financial Health and Making a Plan 2.1 Using a Balance Sheet to Measure Your Wealth 1) Insolvency results from taking in more than you consume financially. Answer: FALSE Diff: 2 Topic: Net Worth 2) In some cases insolvency can lead to bankruptcy. Answer: TRUE Diff: 3 Topic: Net Worth 3) Having negative net income will not affect your net worth. Answer: FALSE Diff: 3 Topic: Net Worth 4) The house that you are leasing from the landlord is a good example of a tangible asset on your balance sheet. Answer: FALSE Diff: 2 Topic: Assets 5) Current liabilities are those that can typically be paid off in full within twelve months. Answer: TRUE Diff: 1 Topic: Liabilities 6) To determine your level of net worth, subtract your liabilities from your positive net equity. Answer: FALSE Diff: 2 Topic: Net Worth 7) Before you can hope to achieve your financial goals, you will need to first measure your current financial health and develop a plan and a budget. Answer: TRUE Diff: 1 Topic: Nothing Happens Without a Plan 8) When measuring your current financial condition it is important to create A) positive net worth. B) a personal balance sheet. C) an income statement. D) positive net income. E) both B and C are required. Answer: E Diff: 2 Topic: Balance Sheet 9) Assets that you purchase for the purpose of accumulating wealth to satisfy your financial goals are...
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...Question 1 (Essay Worth 15 points) Exchange Rates | Year | U.S. Dollar | South Korean Won | Malaysian Ringgits | Indonesian Rupiahs | 2008 | 1 | 9,046 | 3.49 | 9,022 | 2009 | 1 | 9,046 | 3.78 | 9,087 | 2010 | 1 | 8,995 | 3.65 | 9,144 | a. Given the change in the value of the dollar between 2008 and 2009, as indicated in the table above, describe the effects this will have on United States tourism in each of these countries. b. Explain what impact the change in the value of the dollar between 2008 and 2009 will have on the United States current account. Question 2 (Essay Worth 15 points) Suppose the United States decides to impose a tariff on all wood products coming into the nation. a. Using a supply and demand market graph, show and explain how the tariff will affect the market for wood products in the U.S. b. Who are the winners and losers as a result of the tariff on wood products? Consider foreign and domestic producers, the U.S. government, and consumers in your answer. c. Explain one of the arguments for the imposition of the tariff on wood products. d. Name two (2) negative costs that will result from the tariff. Question 3 (Multiple Choice Worth 2 points) The balance of payments includes all of the following except transfer payments for welfare. goods and services sold overseas. foreign purchases of domestic assets. imported goods and services. capital goods purchased by foreigners. Question 4 (Multiple...
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...option prices are the stock price, strike price, risk-free interest rate, volatility, time to maturity, and dividends. Problem 10.2. What is a lower bound for the price of a four-month call option on a non-dividend-paying stock when the stock price is $28, the strike price is $25, and the risk-free interest rate is 8% per annum? The lower bound is [pic] Problem 10.3. What is a lower bound for the price of a one-month European put option on a non-dividend-paying stock when the stock price is $12, the strike price is $15, and the risk-free interest rate is 6% per annum? The lower bound is [pic] Problem 10.4. Give two reasons that the early exercise of an American call option on a non-dividend-paying stock is not optimal. The first reason should involve the time value of money. The second reason should apply even if interest rates are zero. Delaying exercise delays the payment of the strike price. This means that the option holder is able to earn interest on the strike price for a longer period of time. Delaying exercise also provides insurance against the stock price falling below the strike price by the expiration date. Assume that the option holder has an amount of cash [pic] and that interest rates are zero. When the option is exercised early it is worth [pic] at expiration. Delaying exercise means that it will be worth [pic] at expiration. Problem 10.5. “The early exercise of an American put is a trade-off between the time value of money and the insurance...
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...fight for. Attending The Other Wes Moore: One Name, Two Fate Event, made me realize something that is bigger than I. Mr. Wes said, “in order to be successful in life you have to fight for something that is worth the fight”. Fighting is not something a wise person would recommend doing, but in life, there are some things that are worth the fight no matter what the cost of the battle is. One is going to have to remember, fights don’t really have to be physical. In my life there are a few things-that are worth fighting for, my God, my life, my family, and my education. The most important thing to fight for is my God. My Father usually tells me,...
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...WITH OUR MOST AOVANCEO RELAXER YET SMOOTH THERE'S ONE NUMBER YOU NEED TO KNOW TO BEGIN DOWN THE ROAD TO FINANOIAL PROSPERITY: YOUR NET WORTH. HERE'S HOW TO DETERMINE THAT FIGURE SPECIA EDiTior Lovelv 1HY-GLO8S(5)' WCHI. SLEEK and SHIW HAIR »iiliarASHMfRtlOUCH > get the 5 SIGNS OF HEALTHY HAIR > MOISTURE > SHINE > STRENGTH > SOFTNESS >BOOY SOFTSHEENlCARSON LABORATORIES „™eä;«i«a: T 96 here may not be a universal definition of wealth. Some may go with a doUars-andcents perspective; others, spiritual one. "I define financial wealth as the achievement of economic freedom. To me, someone is wealthy when he or she has the freedom to work or not to work; the freedom to travel or not to travel; the VISITEBONY.COM / A U G U S T 2 0 1 3 freedom to pursue his or her own passions and dreams, or the freedom to simply \\w a life of leisure and do nothing at all," says Lynnette ííhalfani-Cox, aka The Money Coach, founder of AskTheMoneyCoach. com. No matter how you view wealth, the road to achieving it begins with a cle;i r understanding of where you are riglil now. And financially speaking, that ACHIEVE Black Wealth Challenge WORK IT OUT: WHAT'S YOUR NET WORTH? BEFORE YOU FIGURE OUT WHERE YOU'RE GOING, FIGURE OUT WHERE YOU ARE means figuring out your net worth. Simply stated, your net worth is a calculation of everything you own minus everything you owe; i.e., your assets minus your liabilities. What may seem like a basic analysis is so much more than...
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