Please Help

Please Help

Question

Response planning in the event of emergencies that adversely impacts corporate assets and their protection must be an integral part of any corporate assets protection program. As a corporate security manager, identify and explain your overall planned response in the event of emergencies.

For each threat, divide your answer into three categories:

  1. prevention and preparedness;
  2. response; and
  3. recovery.
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Use the following information in answering problems 1

Use the following information in answering problems 1

Question

Use the following information in answering problems 1 and 2.

AvantiMedia is the wholly owned Italian affiliate of ABC, a U.S. based multinational firm.

AvantiMedia produces Projector in Italy from Italian materials and labor. Forty Percent of production is sold within Italy and sixty percent is exported to London. All export sales are invoiced in foreign currencies and export prices are fixed in the currency of the importing country. The corporate income tax rate in Italy is 35%. The Current exchange rates are as follow: ?.58/$; €0.82/$. The December 31, 2011, balance sheet is as follows.

AvantiMedia, Balance Sheet, December 31, 2011

Cash 1,500¬,000 Accounts payable 900,000 Accounts receiv¬able 3,100¬,000 Short-term bank ¬loan (due from London & Note payable 1,800,000 ?100,000) Inventory 2,500¬,000 Long-term debt 1,900¬,000 Loan(3-years) from U.S. Bank(I=10%) $150,000¬ Loan(3-years) from London Bank (I=8%) ?350,000 Net plant and Common stock 1,100¬,000 equipment 5,800¬,000 Retained earnings 7,200¬,000

Total Assets €12,900¬,000 Total Liabilities €12,900¬,000

AvantiMedia Expected Income and Cash Flow Statement (No Deval-uation),Dec. 31 2012

Domestic Sales (450,000 units @ €11.8/unit) 5,310,000 Export Sales (650,000 units@ €11.8/unit) 7,670,000 Direct costs (1,000,000 units @ €5.4/¬unit) 5,400,000 Cash operating expenses (fixed) 1,250,000 Depreciation 340,000 Profit before Interest and tax €5,990,000 Interest 177,360 Pre-tax profit €5,812,640 Income tax expense (35%) 2,034,424 Profit after tax €3,778,216 add back depreciation 340,000 Cash flow from operations in Italy €4,118,216

1- AvantiMedia's Accounting Exposure:

Assume that on June 21, 2012, the Euro unex¬pectedly depreciated by 10% to all foreign currencies.

T¬ranslate the balance sheet into dollars, using the current rate method and the monetary-non-monetary method assuming that:

Plant and equipment, long-term debt, and common stock were entered on books at a time in the past when the exchange rate was €1.10/$. Inventory was purchased or manufactured during the prior quarter when the average exchange rate was €0.88/$.

2- AvantiMedia's Economic Exposure:

Assume that on June 21, 2012, before any commercial activity begins, the Euro unexpectedly drops 10% to all foreign currencies.

To illustrate the effect of post-devaluation consider the following scenario on AvantiMedia's economic exposure:

a. Export volume increased by 10% because Italian-Projectors are now cheaper in countries whose currencies have not weakened and sales volume within Italy is not changed. b. The Euro sales price is raised by 10% and foreign sales price is not changed. c. Direct costs increased by 10%.

To calculate the net change in present value under this scenario, assume a discount rate of 15% and a Two-year time horizon for any change in cash flow induced by the change in the Euro/dollar exchange rate.

3- ABC Paris Bid:

You have been asked by ABC to help determine a bid for installation of a large Projector production facility in Paris Franc. The bid, which consists of all Costs and Profit had to be specified entirely in term of Euro and is to be submitted on June 20, 2012. The client will announce the awarding decision on July 20 and the Euro payment will be received in 90 days (October 20).

ABC expects the projects to cost $1,000,000 in the U.S., £100,000 British pound for importing material from England and an addition 250,000 Euro in Paris. Actual payments for all costs need only be made on October 20. ABC will charge a 10% Profit Margin Markup on all its costs.

The following information on June 20, 2012 is to be used in answering the following questions.

U.S. 90-120 days borrowing rate = 8% U.S. 90-120 days deposit rate = 7% Euro 90-120 days borrowing rate = 6.5% Euro 90-120 days deposit rate = 5.5% Pound 90-120 days borrowing rate = 9% Pound 90-120 days deposit rate = 8.5% Pound spot quote = £.58/$ Pound 3-4 month Forward quote = $1.50/£ Euro spot quote = €0.82/$ Euro 3-4 month Forward quote = $1.10/€

Options strike price Call Put

3-4 month $1.05/€ $.015/€ $.012/€ 3-4 month $1.45/£ $.025/£ $.02/£

Options contracts are over the counter and can be purchase for any size. Assume the transaction costs for options and forward contracts are zero.

Your task is to construct the appropriate hedges and recommend of a Euro amount to place as the bid that would guarantee the required 25% profit margin.

Please answer the following questions:

1. How much of the revenue is exposed? 2. What is the amount of bid using Borrowing and Lending? 3. What is the amount of bid using Forward contract?

For Extra Credit answer the following question:

What is the amount of bid using Options contract?

Present your suggestions clearly and make sure you describe the outcomes under all the contingencies.

Finance!!!!!!!!!!!!

Finance!!!!!!!!!!!!

Question

Which of the following could explain why a business might choose to operate as a partnership rather than as a corporation?

Answer

Partnerships generally find it easier to raise large amounts of capital.

Partnerships are exposed to unlimited liability.

Less of a partnership’s income is generally subject to federal taxes.

None of these are a valid reason why a business would choose to be structured as a partnership.

Sue currently has $10,000. To the nearest dollar, how much would she have after 1 year if she invested the money at 12% with monthly compounding?

You were hired as a consultant to Tarlo Company, whose target capital structure is 60% debt and 40% common equity. The after-tax cost of debt is 5.0% and the cost of retained earnings is 12.0%. The firm will not be issuing any new stock. What is its WACC?

If the Treasury yield curve is downward sloping, how should the yield to maturity on a 1-year corporate bond compare to that on a 15-year corporate?

Answer

The yield on a 15-year bond would have to be higher than that on a 1-year.

The yield on a 15-year bond would be less than that on a 1-year.

It is impossible to tell without knowing the coupon rates of the bonds.

The yields on the two securities should be equal for the same corporation.

Considered alone, which of the following would decrease a company’s current ratio?

Answer

An increase in net fixed assets.

A decrease in accrued liabilities.

A decrease in inventories.

An increase in long-term, notes payable.

How much would $1,000 due (i.e, paid) in 10 years be worth today if the (annualized) discount rate were 8.5%?

Dutton Inc.'s stock has a 40% of producing a 15% return, a 25% chance of producing a 10% return, and a 15% chance of producing a -20% return. What is the firm's expected rate of return?

If its yield to maturity increased by 1%, which of the following bonds would have the largest percentage decrease in value?

Answer

A 30-year bond with an 5% coupon.

A 1-year bond with an 5% coupon.

A 10-year bond with an 5% coupon.

A 30-year zero coupon bond

Genesis Project

Genesis Project

Question Assignment 2: Genesis Capital Plan Report

The Genesis operations management team, nearing completion of its agreement with Sensible Essentials, was asked by senior management to present a capital plan for the operating expansion. The capital plan was not to be a wish list but an analysis of the necessary expenditures to successfully establish a fully equipped operating facility overseas.

In addition, senior management requested meaningful financial and operating metrics to ensure that the performance objectives for the facility were being met. The operations management team was given five days to accomplish the following:

1. Calculate the firm’s WACC.

2. Prepare and analyze each planned capital expenditure.

3. Evaluate, rank, and recommend the capital expenditures according to beneficial value to the organization, using evaluation tools NPV, payback, and IRR. Evaluation, ranking, and recommendations should be by category of expenditures. For example, facility, equipment 1, 2, and 3, and inspection.

4. Using the selected choices in part three, calculate the full cost of establishing a fully equipped facility. This would include the facility, equipment 1, 2, and 3, and inspection. In addition, calculate the payback, NPV, and IRR for the completed facility.

5. Construct and recommend between three and five metrics to measure the performance of the organization. At least one metric should be dividend decision-making driven.

6. Prepare an executive summary along with a separate document showing the calculations.

Following the example of the operations management team, do the following:

a. Download the Capital Budgeting spreadsheet, and compute the WACC for Genesis. (see attachment)

Additional information: the expected interest rate is 11% and cost of equity is 15.51%

b. Using the information provided in the spreadsheet, analyze Genesis’s project options.

Using the information provided, calculate the periodic and cumulative net cash flows for each potential project and its associated options. Please note that there are 5 projects (facility, equipment pieces 1, 2, and 3, and internal inspection) and that each project offers multiple configuration options (facility size, equipment type, etc.).

c. Evaluate, rank, and recommend a specific option for each capital project according to beneficial value to the organization, using evaluation tools NPV, payback, and IRR.

d. Construct and recommend between three and five metrics to measure the performance of the new operating strategy. At least one metric should reflect dividend policy as it relates to rewarding shareholders.

e. Prepare an executive summary describing your recommendations for each project and the overall cost, net cash flows, and expected returns of the operating configuration that you recommend. Be sure to justify your recommendations in terms of the investment criteria applied in Step 3 above. Be sure to report the full cost of the facility as it is configured per your recommendations. Present and justify your operating strategy performance metrics.

Your complete report should include all of your calculations as appendices (5 pages, or 1 page for each project).

Write a 5–6-page report in Word format. Apply APA standards to citation of sources.
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Finance!!!!!!!!!!!!

Finance!!!!!!!!!!!!

Question Use the Internet to research two (2) publically held health care organizations in your state that you believe would benefit from a merger. Download and review each organization’s financial statements. Write a ten to twelve (10-12) page paper in which you: 1. Conduct basic financial statement and operating indicator analysis to assess the financial condition of the two (2) health care organizations you selected. 2. Analyze the organization’s debt, equity financing, and capital structure of the two (2) organizations. 3. Analyze the capital structure and cost of capital of the two (2) organizations. 4. Conduct a risk analysis regarding the merger of the two (2) organizations you have identified. 5. Analyze current receivables management of the two (2) organizations and make recommendations for how receivables management should be addressed post-merger. 6. Explain which financial ratios you used in your analysis and how they were derived in an appendix to your assignment. 7. Provide at least four (4) qualified sources, e.g., peer-reviewed journals, professional organization Website, or health care provider Websites. Your assignment must follow these formatting requirements: Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA • Include a cover page and page numbers and reference page. The cover page and the reference page are not included in the required page length This is a paper about merger acquisition. Please use http://www.investors.com to compare financial information on Kindred Health Care (KND) and Tenet Health Care THC

accounting question!!!!!!!!!!1

accounting question!!!!!!!!!!1

Question

Question 2 Liken PLC has asked for your help in installing their new absorption costing system. You have ascertained the following:

There are three direct production departments: cutting, machining and painting, and two support departments: stores and maintenance. Allocated costs for each department in the period are:

Cutting: £350,000 Stores: £120,000 Machining: £260,000 Maintenance: £90,000 Painting: £140,000 Costs to be apportioned: Cost Pool Cost Driver Rent £140,000 Departmental floor area Insurance £70,000 Machine value Heat and light £65,000 Departmental cubic capacity

Secondary apportionment: Stores To be calculated Stores requisites Maintenance To be calculated Maintenance call outs

Cutting Machining Painting Stores Maintenance Floor area sq ft 2,000 4,000 3,000 700 300 Machine costs 200,000 400,000 70,000 20,000 10,000 Cubic capacity cu ft 20,000 60,000 30,000 17,000 3,000 Stores requisites 4,000 1,000 2,000 -------- 795 Maintenance call outs 50 100 72 -------- ----- Direct labour hours ------ 18,160 27,600 -------- ----- Machine hours 25,250 --------- ------- -------- -----

Required: a) Calculate the overhead absorption rate for each of the three direct production departments. b) Critically discuss the limitations and possible solutions to absorption costing.

As of January 1, 2011, Survival Industries, Inc. purchased a boat

As of January 1, 2011, Survival Industries, Inc. purchased a boat

Question
1) As of January 1, 2011, Survival Industries, Inc. purchased a boat at a cost of $490,000.
When purchased, the company was using the double declining depreciation method.
Key info on the asset at time of purchase is the following.
Estimated useful life is 7 years.
Residual Value is $0.
At the beginning of 2014, the CFO decided to change to straight-line depreciation method. Compute the depreciation expense for 2014.
It was explained to me that the correct answer is:
[(490,000 - (140,000 – 100,000 – 71,429)] / 3 = $44,643
Purchase Price of Boat = $490,000
3 = 3 years depreciation?
However, I do not understand how the other numbers ($140,000, $100,000, and $71,429) were arrived at.

2) Mystical Corporation found the following errors in their year-end financial statements.
As of Dec. 2012 As of Dec. 2013
Ending Inventory $32,000 understated $46,000 overstated
Depreciation Exp. $7,000 understated

On December 31, 2013, a fully depreciated machine was sold for $35,000 but the sale was not recorded until January 15, 2014 when the cash was received. In 2012, a three-year insurance premium was prepaid for $45,000, of which the entire amount was expensed in the first year.
There were no other errors or corrections. Ignore any tax considerations.
What is the total net effect of errors on Mystical's 2013 net income?
As explained, $32,000 + $46,000 + $15,000 - $35,000
= overstated Net Income by $58,000,
where $32,000 = understated ending inventory for 12/31/2012
$46,000 = overstated ending inventory for 12/31/2013
$35,000 = depreciated sale price of the machine
Is $15,000 = $45,000/3 years or the amount of depreciation for 2013 only?
Why is it important that the sale was not recorded until 1/15/2014 when the cash was received?
Could you explain in detail how the answer was arrived at.

3) Financial Data of Johnson Company for 2013 & 2012:
Comparative Balance Sheet as of 12/31/2013 & 12/31/2012
2013 2012
Cash $260,000 $230,000
Receivables $156,000 $130,000
Inventory $180,000 $220,000
Plant Assets $160,000 $135,000
Accumulated Deprec. ($80,000) ($76,000)
Long Term Invest
(Held-To-Maturity) $80,000 $93,000
Total $756,000 $722,000

Accounts Payable $135,000 $122,000
Accrued Liabilities $30,000 $33,100
Bonds Payable $135,000 $166,000
Common Stock $180,000 $165,000
Retained Earnings $276,000 $235,000
Total $756,000 $722,000

Income Statement
For the Year Ended 12/31/2013
Sales $750,000
Cost of Goods Sold $530,000
Gross Margin $220,000
Selling & Administrative Expenses $106,000
Income from Operations $114,000
Other Revenues & Gains
Gain on Sale of Investments $7,000
Income Before Tax $121,000
Income Tax Expense $48,400
Net Income $72,600

Additional Information:
During the year, $9,000 of common stock was issued in exchange for plant assets. No plant assets were sold in 2012. Cash dividends were $32,500.

Required:
1) Prepare a statement of cash flows using the Indirect Method
2) Prepare a statement of cash flows using the Direct Method. (Do not prepare a Reconciliation Schedule.)

Assignment 7

Assignment 7

Question

Assignment #3- The Written Product

Writing Directions

Using print and electronic databases, conduct preliminary research to find articles about an appropriate topic for your Final Analytical Research Report. Remember that you’re looking not only for a general subject area but a more specific, narrowly defined aspect of that subject on which to focus your report. You should be able to find quite a few articles if the subject is appropriate; but if not, be alert for articles about related subjects that are more prominent.

Write me a proposal memo (SUBJECT: Research Topic Proposal) that contains the following:

1. An introduction which clearly states the purpose the memo

2. A statement of your topic question, using carefully selected words that accurately and clearly define and limit the scope of your intended research

3. A discussion of the background information from which your question emerges. This discussion should summarize what you currently know about this subject, based on your preliminary research. This could include names of articles, books, and/or prominent people in the subject area that are influencing the thinking about this topic

4. A brief conclusion which creates reader confidence that you can successfully complete the project and/or request approval of the topic

5. A working Bibliography (using MLA or APA style for Works Cited) of at least 5 sources, with annotations for 2 of the most promising sources. See Resources for a link to instructions for annotated bibliographies.