What are the four types of members of the New York Stock Exchange, or NYSE?

Given the information below for HooYah! Corporation, compute the expected share price at the end of 2017 using price ratio analysis. Assume that the historical average growth rates will remain the same for 2017. (Do not round intermediate calculations. Round your answers to 2 decimal places. Exclude negative annual P/E and P/CFPS ratios from the average P/E and average P/CFPS ratio calculations. When computing annual growth rates, use a positive sign on the annual rate of change if the per share value increased in value and use a negative sign on the annual rate of change if the per share value deceased in value.)

Share price using:
P/E ratio:

P/CF ratio:

P/S ratio:

After reading your report, as well as comments by others on the team, the Genesis Energy team began to understand the importance of cash flow and financing in high-growth scenarios. The Genesis Energy accountant suggested that the focus should be on developing a financial strategy that would ensure operational needs are met through short-term financing. The Genesis Energy team instructed Sensible Essentials to explain in basic terms the factors and mechanics necessary to determine short-term financing needs.

As the finance expert for Sensible Essentials, do the following:

Explain the concept of working capital and its importance to Genesis Energy.

Describe the mechanism and methodology used to ensure that operational needs are met through short-term financing. Explain why this methodology is important to Genesis Energy.

Explain how working capital represents the assets that are needed to carry out the day-to-day operation and how working capital can act as a source of financing or increase the need for financing.

In your response, be sure to consider the time value of money and the relative advantages and disadvantages of short-term loans versus internally generated funds.

Write your initial response in 300–500 words.

Suppose that you have just borrowed $250,000 in the form of a 30 year mortgage. The loan has an annual interest rate of 9% with monthly payments and monthly compounding.

*** I NEED TO KNOW HOW TO SOLVE THIS ON A CALCULATOR. i AM USING A HP-10B2+

a. What will your monthly payment be for this loan?

b. What will the balance on this loan be at the end of the 12th year?

c. How much interest will you pay in the 7th year of this loan?

d. How much of the 248th payment will consist of principal?

Assignment:

Evaluating a Capital Expense Using the Payback Method

The Happy Healing Hospital CFO has just sent a memo to all departments requesting a list of any capital expenses along with the justification for each item requested. The decision bring the Release of Information copy service back to in house rather than outsourcing it. You have already completed the research for leasing verses purchasing the equipment to be used for the project. At this point, it is a matter of deciding which option would be best financially and writing the justification for your recommendations to present at the weekly department meeting. To Purchase

You estimate that to purchase there will be an initial investment of $34,000 for a printer/fax/copy machine and dedicated computer. The estimated income will be $55,000 over the next 5 years. Current staff will be used.

Complete the table below.

(Hint: Your “remaining balance will be carried over as the investment for the following year.)

To Lease

Your research shows that the same equipment will cost $3,000 per month to lease with no initial investment. However, there is a maintenance contract that will cost an additional $150 per month. Create a table to show these expenses.

Evaluation and Recommendation

Evaluate the two tables. Which do you feel would be the better option?

Write a brief justification for your recommendation using this information with a specific comparison between the two options.

The current stock price of RWJ is $312.32. You have the following quotes on RWJ options:

a. Which of the options are in the money?
b. What is the exercise value of a February call option with a strike price of $315?
c. Suppose you buy 10 contracts of the February 315 call option. How much will you pay, ignoring

commissions
d. Suppose you buy 10 contracts of the February 315 call option. If RWJ stock is selling for $310 per

share on the expiration date, what is your profit or loss?
e. Suppose you buy 10 contracts of the February 315 call option. If RWJ stock is selling for $320 per

share on the expiration date, what is your profit of loss?
f. Suppose you buy 10 contracts of the May 320 put option. What is the maximum profit you could

achieve?

You and your team are financial consultants who have been hired by a large, publicly traded electronics firm, Brilliant Electronics (BI), a leader in its industry. The company is looking into manufacturing its new product, a machine using sophisticated state of the art technology developed by BI’s R&D team, overseas. This overseas project will last five years. They’ve asked you to evaluate this project and to make a recommendation about whether or not the company should pursue it. BI’s management team needs your recommendation and the analysis used to arrive at it by no later than December 4, 2019.

The following market data on BI’s securities are current:

Debt: 210,000 6.4 percent coupon bonds outstanding, 25 years to maturity, selling or 108 percent of par; the bonds have $1000 par value each and make semi-annual payments

Common Stock: 8,300,000 shares outstanding, selling for $68 per share; beta=1.1

Preferred Stock: 450,000 shares of 4.5% preferred stock outstanding, selling or $81 per share

Market: 7 percent expected market risk premium; 3.5 percent risk-free rate

The company bought some land three years ago for $3.9 million in anticipation of using it as a toxic dump site for waste chemicals, but it built a piping system to safely discard the chemicals instead. The land was appraised last week for $4.4 million on an after-tax basis.   In five years, the after-tax value of the land will be $4.8 million, but the company expects to keep the land for a future project. The company wants to build its new manufacturing plant on this land; the plant will cost $37 million to build.

At the end of the project (the end of year 5), the plant can be scrapped for $5.1 million. The manufacturing plant will be depreciated using the straight line method.

The company will incur $6,700,000 in annual fixed costs excluding depreciation. The plan is to manufacture 15,300 machines per year and sell them at $11,450 per machine; the variable production costs are $9,500 per machine. Selling price and costs are expected to remain unchanged over the life of the project.

BI uses PK Global (PKG) as its lead underwriter. PKG charges BI spreads of 8% on new common stock issues, 6% on new preferred stock issues, and 4% on new debt issues. PKG has included all direct and indirect issuance costs (along with its profit) in setting these spreads. BI’s tax rate is 35 percent. The project requires $1,300,000 in initial net working capital investment to get operational. Assume BI raises all equity for new projects externally (that is, BI does not use retained earnings).

The weighted average flotation cost is the sum of the weight of each source of funds in the capital structure of the company times the flotation costs, so:

f_T = ($564.4/$827.65)(0.08) + ($36.45/$827.65)(0.06) + ($226.8/$827.65)(0.04) = 0.0682, or 6.82%

Thus the initial investment is increased by the amount of flotation costs:

                    (Amount raised)(1 – 0.0682) = $37,000,000   

                    Amount raised = $37,000,000/(1 – 0.0682) = $39,708,092

Your analysis should include, and your recommendation should be based on, the following:

1. Calculate the firm’s current cost of capital using the information provided.

2. Calculate the project’s cost of capital (the appropriate discount rate to use to evaluate BI’s new project) assuming the capital structure will remain the same if the project is undertaken.

This project is somewhat riskier than a typical project for BI; therefore, management has asked you to use an adjustment factor of 12% to account for this increased riskiness (that is, to add 12% to the firm’s cost of capital) to estimate the project’s required rate of return.

(NOTE: Flotation costs do not have to be considered when calculating the required rate of return for each class of security – they are addressed in this problem by adjusting the cost of the initial investment to $39,708,092 from $37,000,000).

3. Calculate the project’s annual cash flows, taking into account all the relevant cash flows.
   1. Calculate the project’s initial Time 0 cash flow, taking into account all relevant cash flows.
   2. Calculate the project’s annual operational cash flows (OCF) over the life of the project.
   3. Calculate the project’s terminal (last year of the project) cash flow.   Include all relevant cash flows.

                (Note: You can present the cash flows from Year 0 to Year 5 in a table format)

4. What is the NPV and IRR of the project?

Instructions:

For this assignment, you will create a cash flow statement for Happy Healing Hospital for 2016.

The information for 2016 has been collected from various sources within the healthcare organization and is listed in the info below.  It is not nice and neat. The entries are not lined up very well and may be a little out of order for your report but the information that you need to create this statement is all listed. It is up to you to create the statement and make it presentable.

You will find the information for 2015 has already been entered in the spreadsheet as an example to go by.

To complete this assignment, please do the following:

• add a column next to 2015 and label it 2016 for side-by- side comparison.
• enter the information below in the appropriate cell.
• create formulas to total each section as was done for 2015.

• Happy Healing Hospital - Cash Flow Statement
  		Reported Values
  Operating Activities		2015	2016
  	Cash received from patients and third party payors	$19,915,566
  	Cash paid to employees for salaries and benefits	($11,081,726)
  	Cash paid to vendors for goods and services	($7,166,776)
  	Other operating receipts, net	$671,212
  	Net cash from operating activities	$2,338,276
  Capital and related financing activities
  	Acquisition and construction of capital assets	($477,992)
  	Proceeds from sale of capital assets	$3,980
  	Interest paid on long-term debt	($42,184)
  	Payments on line of credit	-
  	Proceeds on long-term debt	-
  	Principal payments on long-term debt	($391,003)
  	Net cash from capital and related financing activities	($907,199)
  Investing activities
  	Investment and other nonoperating income	$108,045
  	Net cash from investing activities	$108,045
  	Net change in cash and cash equivalents	$1,728,113
  	Cash and cash equivalents, beginning of year	$2,379,906
  	Cash and cash equivalents, end of year	$4,324,109
  Reconciliation of cash and cash equivalents to the balance sheets
  	Cash and cash equivalents
  	In current assets	$5,166,428
  	In noncurrent cash and investments	$809,491
  	Total cash and cash equivalents	$5,975,919
  Reconciliation of operating loss to net cash from operating activities
  	Operating income	$861,828
  	Adjustments to reconcile operating income to net cash from operating activities:
  	Depreciation and amortization	$1,883,051
  	(Gain) loss on disposal of capital assets	($525)
  	Provision for bad debt	$1,281,107
  	Changes in assets and liabilities
  	Patient accounts receivable	($2,044,870)
  	Estimated third-party settlements	$1,199,971
  	Supplies and other current assets	$90,264
  	Other assets	($7,698)
  	Accounts payable and accrued expenses	$2,077,036
  	Other current liabilities	$57,535
  	Accrued salaries and related liabilities	($2,405,197)
  	Other long-term liabilities	($25,000)
  Net cash flows from operating activities		$2,967,502

Charlotte's Crochet Shoppe has 14,000 shares of common stock outstanding at a price per share of $74 and a rate of return of 11.57 percent. The company also has 270 bonds outstanding, with a par value of $2,000 per bond. The pretax cost of debt is 6.11 percent and the bonds sell for 96.9 percent of par. What is the firm's WACC if the tax rate is 39 percent?

A $1,000 par value bond has coupon rate of 5% and the coupon is paid semi-annually. The bond matures in 20 years and has a required rate of return of 10%. Compute the current price of this bond?

Problem 7-11
Balance Sheet Analysis

Complete the balance sheet and sales information in the table that follows for J. White Industries using the following financial data:

Total assets turnover: 1.3
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 20%
Total liabilities-to-assets ratio: 45%
Quick ratio: 1.05
Days sales outstanding (based on 365-day year): 39.5 days
Inventory turnover ratio: 7.0

Round your answers to the nearest whole dollar.

Balance Sheet

Answer all the blanks ____ and plz show steps

i want to know about the financial summary/stock purchase recommendation of the texas instrument inc.

Assume that stock market returns have the market index as a common factor, and that all stocks in the economy have a beta of 1.2 on the market index. Firm-specific returns all have a standard deviation of 25%.

Suppose that an analyst studies 20 stocks and finds that one-half of them have an alpha of +1.6%, and the other half have an alpha of −1.6%. Suppose the analyst invests $1.0 million in an equally weighted portfolio of the positive alpha stocks, and shorts $1 million of an equally weighted portfolio of the negative alpha stocks.

a. What is the expected profit (in dollars) and standard deviation of the analyst’s profit? (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.)

b. How does your answer change if the analyst examines 50 stocks instead of 20 stocks? 100 stocks? (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.)