Ford Motor Company submits an 8-K document to the SEC which includes Ford’s outlook for certain metrics. In the data given, we see the document for the 3rd quarter 2019 date October 23. We were given Ford’s outlook for the year ended December 31, 2019. The document that follows, dated February 23 was the actual metrics for the year ended December 31, 2019. Using this information, answer the following questions. 1. At October 23, 2019, Ford forecasted (budgeted) that its adjusted free cash flow for the year would grow over the prior year. Looking at the results dated February 23, did Ford meet that forecast? Is this a favorable or unfavorable variance? 2. At October 23, 2019, Ford forecasted (budgeted) that its adjusted EBIT (earnings before income tax) would be between $6.5 - $7.0 billion. Looking at the results dated February 23, did Ford meet that forecast? Is this a favorable or unfavorable variance? 3. At October 23, 2019, Ford forecasted (budgeted) that its adjusted EPS (earnings per share) would be $1.20 - $1.32 per share. Looking at the results dated February 23, did Ford meet that forecast? Is this a favorable or unfavorable variance? 4. What is Ford’s President, Jim Hacket’s reason regarding the budget variances?

The following information is available for the preparation of the government-wide financial statements for the City of Northern Pines for the year ended June 30, 2017:

one of the financial institutions that was discussed were the mutual funds.outline why you would choose to invest in a mutual fund and which asset class you would select. As a fund manager and investor, provide possible ways that you can make abnormal profits.

outline the role of financial intermediaries and their functions in financial markets. what benefits of the financial system do financial intermediaries provide?

Mini case from the book - Introduction to Corporate Finance 3rd Ed. pg 179 - Valuing stocks

Case - your investment adviser has sent you three analyst reports for a young, growing company named Vegas Chips Inc.. These reports depict the company as spectulative, but each one poses different projections of the company's future growth rate in earning and dividends. all three reports show that vegas chips earned $1.20 per share in the year just ended. There is consensus that a fair rate of return to investors for this common stock is 14% and that management expects to consistently earn a 15% return on the book value of equity (ROE = 15%).

1. Discuss the features(s) that drive the differing valuations of vegas chips. what additional information do you need to garner confidence in the projections of each analyst report?

Agency program and policy evaluations are subject to a variety of conflicts of interest, depending on "who" performs the evaluation. Discuss the ethical implications of an agency hiring its own outside contractor to evaluate its programs and policies in 200 words.

A business improvement district is considering the installation of a new light- ing system for the district. If the lighting system is installed, all the businesses in the area will benefit, and there will be no way in which a business that does not pay for a share of the system can be denied full benefits from the system. The system will cost $4,000 and will benefit the five members of the district as follows: Individual Benefit (in $) A 1,500 B 1,500 C 700 D 600 E 600 Cost Share (in $) 800 800 800 800 800 a. Is the project economically feasible? b. Would any individual business be willing to install the lighting system (and pay for it) by itself? c. Would the project be approved by a majority of the businesses at a referendum? d. Does the project as currently structured meet the Pareto criterion? e. If possible, revise the cost shares to allow the project to meet the Pareto crite- rion and to pass a referendum.

Assume that as of today, the annualized interest rate on a three-year security is 2 percent, while the annualized interest rate on a two-year security is 1.25 percent. Use this information to estimate the one-year forward rate two years from now.

Jill purchased a share one year ago for $13.06. The share is now worth $15.26, and the total return to Jill for owning the share was 24.7 per cent. The dollar amount of dividends that she received for owning the share during the year is (expressed in dollars to the nearest cent; don't use $sign or commas eg 50 cents is 0.50)?

How is money supply measured and why? 

We will do one more quick retirement account analysis problem to see the impact of: (1) trying to save either a fixed amount each year or a constant percentage of your salary each year and (2) starting your retirement saving immediately or waiting 10 years to really start your retirement savings. Let’s assume that you put a savings deposit into your 401k account at the end of each year by saving money over that previous year period (i.e. so I normally think of them as beginning of year transactions for my cash flow table since I think of the “Period” column in my present value table as “time elapsed between time zero (e.g. today or whenever the cash flow table starts) and when the cash flow will take place.” (e.g. a cash flow in the row labelled “Period 1” occurs at the end of Year 0 or beginning of Year 1, so 1 years time has elapsed since “time 0”) Assume you graduate with your B.S. in Chemical Engineering in Spring semester 2023, take few months off to travel around Europe, and then start work in January 2024 with a starting salary of $70,000. You can also assume where it becomes important that you get an average yearly raise of 2% each year (i.e. so you make $70,000 your first year on the job, $71,400 your second year, etc.). Assume that you are going to retire 40 years later in January 2064. Assume that you are going to live the average of 20 years into retirement, i.e. that you will die in January 2084, and that you want to pay yourself $100,000 per year in retirement income each year, and that both while saving and throughout retirement that your 401k earns 7% in effective interest compounded yearly. Case 1: Using an NPV analysis and assuming that you want to completely expend your retirement savings right when you die (i.e. NPV=0 for the entire series of cash flows then in this case) and that you start saving with your first deposit at the end of 2024, how much would you have to save each year into your retirement account if you wanted to save the exact same amount each year? Case 2: Using an NPV analysis and assuming that you want to completely expend your retirement savings right when you die (i.e. NPV=0 for the entire series of cash flows then in this case) and that you start saving with your first deposit at the end of 2024, how much would you have to save each year on a percentage of your salary basis into your retirement account if you wanted to save the exact same percentage of your salary each year you are working (HINT: Here you may want to add a column to your cash flow table to track your yearly salary as it increase due to raises)? Case 3: Using an NPV analysis and assuming that you want to completely expend your retirement savings right when you die (i.e. NPV=0 for the entire series of cash flows then in this case) and that you have fun in your 20’s and early 30’s and wait to start saving with your first deposit at the end of 2034 (i.e. so now retirement is only 30 years after you start saving), how much would you have to save each year into your retirement account if you wanted to save the exact same amount each year? Write a short discussion of how you feel about your ability to achieve these types of retirement goals and savings and comment on the effect of waiting to start saving for retirement.

Calculate the future value of the following annuity streams:

a. $5,000 received each year for five years on the last day of each year if your investments pay 6 percent compounded annually.

b. $5,000 received each quarter for five years on the last day of each quarter if your investments pay 6 percent compounded quarterly.

c. $5,000 received each year for five years on the first day of each year if your investments pay 6 percent compounded annually.

d. $5,000 received each quarter for five years on the first day of each quarter if your investments pay 6 percent compounded quarterly.

You have been offered the opportunity to invest in a project that will pay $4,155 per year at the end of years one through three and $8,519 per year at the end of years four and five. These cash flows will be placed in a saving account that pays 18.89 percent per year. What is the future value of this cash flow pattern at the end of year five?

write a conclusion about a partnership business

-the advantages of doing a partnership company

-how's the management of the company run

1. Problem 3.01 (Balance Sheet) eBook Problem Walk-Through The assets of Dallas & Associates consist entirely of current assets and net plant and equipment, and the firm has no excess cash. The firm has total assets of $2.6 million and net plant and equipment equals $2.1 million. It has notes payable of $150,000, long-term debt of $759,000, and total common equity of $1.5 million. The firm does have accounts payable and accruals on its balance sheet. The firm only finances with debt and common equity, so it has no preferred stock on its balance sheet. Write out your answers completely. For example, 25 million should be entered as 25,000,000. Negative values, if any, should be indicated by a minus sign. Round your answers to the nearest dollar, if necessary. What is the company's total debt? $ What is the amount of total liabilities and equity that appears on the firm's balance sheet? $ What is the balance of current assets on the firm's balance sheet? $ What is the balance of current liabilities on the firm's balance sheet? $ What is the amount of accounts payable and accruals on its balance sheet? (Hint: Consider this as a single line item on the firm's balance sheet.) $ What is the firm's net working capital? If your answer is zero, enter "0". $ What is the firm's net operating working capital? $ What is the monetary difference between your answers to part f and g? $ What does this difference indicate?