1. The overall goal of the financial manager is to:

a. minimize total costs.

b. maximize net income.

c. maximize earnings per share.

d. maximize shareholder wealth.

2. Sustainable Growth Rate You have located the following information on Rock Company: debt ratio = 49.5%, capital intensity ratio = 2.63 times, profit margin = 27%, and dividend payout ratio = 44%. What is the sustainable growth rate for Rock? (Do not round intermediate steps.)

1. 3.92%

2. 12.85%

3. 15.12%

4. 27%

3. On November 19, 20x7, Lassen Company purchased 30,000 shares of JCN Corporation stock for $480,000, and 10,000 shares of Canoga Corporation stock for $250,000. Lassen's management intends to hold all 40,000 shares for a short period of time. On December 31, 20x7, the price of JCN's stock was $13 per share, and the price of the Canoga stock was $30 per share. Finally, on January 27, 20x8, Lassen sold all 10,000 shares of Canoga stock for $320,000. In the journal form, prepare Lassen's entries for November 19, December 31, and January 27.

5. Consider two countries: Poland (whose currency is the zloty) and Germany

     (whose currency is the euro). Shown below are average annual rates of inflation

     expected over the next twenty years. The numbers in the table are filled in for

     Germany. Make up numbers for Poland that are consistent with two conditions:

     (1) that productivity growth in Poland’s traded sector will be sufficiently rapid to

     bring about a fall in the relative price of traded to nontraded goods; and (2) that the

     nominal exchange rate expressed as euros per zloty (the value of the zloty) will fall

     over the next twenty years. After filling in the table, use the numbers to answer

     questions (a) and (b) below. (16 pts)

                                           Inflation in              Inflation in                Average

                                            Prices of                  Prices of                   Overall

                                         Traded Goods        Nontraded Goods         Inflation

                                           (avg annual)             (avg annual)          (avg annual)

            Poland                                %                              %                          %

            Germany                           3%                            3%                         3%

      According to exchange rate theory, what will be the average annual percentage

          change in the euro per zloty nominal exchange rate? Show work/formula.

    What will be the average annual percentage change in the real exchange rate,

           expressed as the relative price of Polish goods to (divided by) the price of German

           goods? Show work/formula.

Calculating the Inflation Rate

Using the simple percent change formula above and the annual CPIs in the table below, it becomes possible to calculate the inflation rate between any two years.

For example, the inflation rate from 1990 to 1991 was 4.2 percent:

CPI (1991) − CPI (1990) X100

            CPI(1990)

=   136.2 – 130.7 X 100

            130.7

= 5.5/130.7 × 100

= 0.420 × 100

= 4.2%

Use the annual CPI data in the Table below to complete the inflation rate calculations for each year in Table A.

Table A: Calculating Inflation Rates

1. If you earned $10 an hour in 1994, how much would you have to earn in 1995 for your wage to have the same purchasing power?

2. If you saved $100 in 2018, how much interest would you have to earn in order for the savings to have the same purchasing power in 2019?

Table: Annual Average CPI (1982–1984 to 2012)

*Average CPI for 1982, 1983, and 1984; base level = 100.

How Much Did Things Cost in the “Good Old Days”?

Have you ever heard your parents or grandparents say, “Back in my day, a loaf of bread only cost a nickel and a gallon of gas only cost a quarter”? How can it be that things were so much cheaper back then? Were they really cheaper? You will try to answer this question by comparing modern prices to historical prices and calculating the percent increase in prices. To do so, you will examine prices of two goods: movie tickets and a McDonald’s Big Mac®.

Calculating Percent Change in Price

Percent change in price is calculated by dividing the amount of change in price by the original price and multiplying the result by 100. If the price has increased, percent change will be positive, and if the price has decreased, the percent change will be negative. The formula for calculating percent change in price:

New price – Old price × 100       OR        Price (Year 2) – Price (Year 1) × 100

Old price                                               Price (Year 1)

Historic Prices

1. Which item had the largest percent increase in price?

2. Prices seem so low in 1967. Were people much better off then? What else would

you need to know to draw a conclusion?

Answer Parts A,B, and C please

4)    Anton Decorators had the following selected balances in its accounts on March 1:

A. Draw these T-accounts, putting in the March 1 balances. (Hint: Accounts are expected to have positive balances.)

B. Write the journal entries for the following adjustments made on March 31. Post these entries to the T-accounts.

1. $1,500 was collected on account.

2. $800 of revenue was accrued (i.e., customers were provided services, but the customers have not yet paid).

3. There are $400 of supplies on hand.

4. $3,100 of the unearned revenue has now been earned.

5. The March 1 salary payable was fully paid.

6. Another $750 of salary is owed to employees for March. This amount has not yet been paid
6. C) Total up all of the T-accounts to show their balances at March 31.

For ten years, Illinois Tool Works (ITW) has followed an acquisition strategy where it focused on growing from 800 to 1,000 businesses, each of which sought to follow an 80/20 rule where 80% of revenues business came from 20% of its products or customers. In support of this strategy, ITW sent hundreds of managers for training to sharpen their negotiating and deal making skills. As a result, ITW bought 201 companies between 2004 and 2008. Indeed, new acquired companies added $1 billion a year to annual revenues totaling nearly $18 billion.

Now, however, company leaders believe they’ve focused too much on acquisition. Former CEO David Speer said, “I can buy a lot of companies and fix them, but are they something I want to own four or five years from now?” So ITW is switching to a divestiture strategy aimed at making the company stronger through subtraction rather than addition. Divesting, or selling companies or their parts, is often done to get rid of business units that no longer fit strategic plans. The goal is to raise cash, streamline operations, and focus on the remaining core businesses. Research ITW’s divesting strategy, summarize it, and explain its goals and tactics. Find out the latest developments from the last few years. Do you think the divesting strategy will work?

Please create a Risk Mitigation Plan for this scenario.

Scenario: You are an information technology (IT) intern working for Health Network, Inc. (Health Network), a fictitious health services organization headquartered in Minneapolis, Minnesota. Health Network has over 600 employees throughout the organization and generates $500 million USD in annual revenue. The company has two additional locations in Portland, Oregon and Arlington, Virginia, which support a mix of corporate operations. Each corporate facility is located near a colocation data center, where production systems are located and managed by third-party data center hosting vendors.

Company Products Health Network has three main products: HNetExchange, HNetPay, and HNetConnect.

HNetExchange is the primary source of revenue for the company. The service handles secure electronic medical messages that originate from its customers, such as large hospitals, which are then routed to receiving customers such as clinics.

HNetPay is a Web portal used by many of the company’s HNetExchange customers to support the management of secure payments and billing. The HNetPay Web portal, hosted at Health Network production sites, accepts various forms of payments and interacts with credit-card processing organizations much like a Web commerce shopping cart.

HNetConnect is an online directory that lists doctors, clinics, and other medical facilities to allow Health Network customers to find the right type of care at the right locations. It contains doctors’ personal information, work addresses, medical certifications, and types of services that the doctors and clinics offer. Doctors are given credentials and are able to update the information in their profile. Health Network customers, which are the hospitals and clinics, connect to all three of the company’s products using HTTPS connections. Doctors and potential patients are able to make payments and update their profiles using Internet-accessible HTTPS Web sites.

Information Technology Infrastructure Overview

Health Network operates in three production data centers that provide high availability across the company’s products. The data centers host about 1,000 production servers, and Health Network maintains 650 corporate laptops and company-issued mobile devices for its employees. Threats Identified Upon review of the current risk management plan, the following threats were identified:

? Loss of company data due to hardware being removed from production systems ? Loss of company information on lost or stolen company-owned assets, such as mobile devices and laptops

? Loss of customers due to production outages caused by various events, such as natural disasters, change management, unstable software, and so on

? Internet threats due to company products being accessible on the Internet

? Insider threats

? Changes in regulatory landscape that may impact operations Management Request

Senior management at Health Network has determined that the existing risk management plan for the organization is out of date and a new risk management plan must be developed. Because of the importance of risk management to the organization, senior management is committed to and supportive of the project to develop a new plan. You have been assigned to develop this new plan.

Additional threats other than those described previously may be discovered when re-evaluating the current threat landscape during the risk assessment phase.

The budget for this project has not been defined due to senior management’s desire to react to any and all material risks that are identified within the new plan. Given the company’s annual revenue, reasonable expectations can be determined.

Please create a Risk Mitigation Plan

Senior management at Health Network allocated funds to support a risk mitigation plan, and have requested that the risk manager and team create a plan in response to the deliverables produced within the earlier phases of the project. The risk mitigation plan should address the identified threats described in the scenario for this project, as well as any new threats that may have been discovered during the risk assessment. You have been assigned to develop this new plan.

ABC Company reported accounts receivable of $225,000 and an allowance for doubtful accounts with a $28,000 credit balance on January 1, 2017. ABC Company records bad debt expense using the net credit sales method. The following information was available for ABC Company for the years 2017 and 2018:

Calculate the percentage of sales estimated to be uncollectible in 2018.

Please only attempt if you can solve the question with a proper explanation. Please do not copy from Chegg.

Analysis of the 4 Ps of the Marketing Mix based on Shoe Carnival, Inc.

a. Product: i. List the company’s primary products or product lines (if there are numerous products falling into many product categories).ii. From which product line, or lines of business, does the company generate most of its revenue? Describe the primary target market of the business. What is the value proposition that the company offers this target market?

b. Price: What is the price (or price range) of the company’s products or product lines? State by product or product line.

c. Placement: What is the, apparent, placement (distribution) strategy for the products or product lines?

d. Promotion: How does the company promote its product or product line? How does it communicate with its customers?i. Describe the promotion mix.

Explain why Ford would be violating U.S. GAAP if it recognized all related revenue at the time cash was received from customers, rather than recording any as deferred