MM Inc. is an all-equity firm (the firm value equals the value of equity). As the CEO of MM Inc., you are considering purchasing a private jet for the firm. The private jet costs $12 million today and will save $2 million (in today’s value) on travel expenses for the firm over its life. You own 1% of MM's equity ownership. The private benefits of the private jet to you are estimated to be $800,000 in today’s value.

Suppose you a self-interested CEO. From your own perspective, what is the NPV of purchasing a private jet?

Current Scenario:

Happy homes Inc. is one of the top 10 new construction companies in the Northwest region of Florida. Its headquarter is in  Niceville, Fl. Happy homes deal in new construction homes in affordable and sought after subdivisions.

In January 2015 Happy homes was founded by Dominick Linnus and Ella Linnus. In the second year, it was named the best home builders by the better business bureau. In 2019 the company was sold to Brian Butter. Since the new CEO took over he switched the use of the electrical, plumbing, and construction contractors. He has been contracting with lower quality workers at high-end prices since his father has affiliations with the newly selected contractors. This has been crippling our quality of homes and our ROI. In the past, we were constructing 38 homes a year with a profit of 100,000 per home. Currently, from June of 2019 to the present we have only built and sold 18 homes with a net profit of 75,000 per home. This new project plan is designed to build 38, 3,000 square ft homes in a subdivision within a year for under 475,000 with an estimated appraisal/sale value of 575,000.

(As of 1 Jun 2020)

CEO: Brian Butter

No. of Employees: 50

Last years numbers

Revenue: $ 1,350,000

Net Income: 7,200,000

Net Assets: $ 750,000

• Critically analyze your term project from the perspective of the project manager.
  • Introduce your term project to refresh the memory of the readers of this post.
  • Prepare the information to complete the project charter. You may refer to Figure 3-10 Sample Business Case on pages 92-94, and to Figure 3-15 Sample Project Charter on pages 100 to 101 of the textbook.
    • Define your project objectives.
    • Specify the measures by which this project will be determined a success.
    • Describe the assumptions and constraints for your project.
    • List the preliminary requirements for your project.
    • Identify any additional project management approaches to be considered for your project.
  • Do a stakeholder analysis and categorize stakeholders as follows:
    • Manage closely
    • Keep satisfied
    • Keep informed
    • Monitor
  • Based on the stakeholder classification and in the context of your proposed project, elaborate on your plans to manage stakeholders.
  • Finally, in a reflection of at least 30 words, describe the most interesting and challenging parts of preparing the project charter, as well as any recommendations to your classmates for preparing the charter.

You are investigating systems requirements for a shipping company. Assume
that you have set up an interview with the manager of the shipping
department. Your objective is to determine how shipping works and what the
information requirements for the new system will be.

Make a list of questions—three (3) open ended and three (3) closed ended—
that you would use. Include four (4) questions or techniques you would use
to ensure you find out about the exceptions.

c. During interviews, why is it important to seek the opinions of the interviewee?

10 points   

QUESTION 9

1. True or false: The top position on a search engine results website that attracts the most attention is also the most profitable position for a search advertisement.

True

False

10 points   

QUESTION 10

1. Which of the following choices is a way that big data and data science can help today’s marketer?

10 points   

QUESTION 11

1. After a few years of work in the marketing department of a small firm, you are placed in charge of the firm’s inbound marketing. What are you most likely to be in charge of?

10 points   

QUESTION 12

1. Which of the following factors correctly explain(s) the importance of social media for marketers?

Grayson (single) is in the 24 percent tax rate bracket and has sold the following stocks in 2020: (Loss amounts should be indicated by a minus sign.)

Problem 7-46 Part-a (Algo)

a. What is Grayson’s net short-term capital gain or loss from these transactions?

b. What is Grayson’s net long-term gain or loss from these transactions?

c. What is Grayson’s overall net gain or loss from these transactions?

d. What amount of the gain, if any, is subject to the preferential rate for certain capital gains?

ABC Corporation had the following shareholders’ equity balances at January 1, 2020:

Common shares, unlimited authorized, 400,000 issued                                       $800,000

Retained earnings                                                                                             120,000                     

Accumulated other comprehensive income                                                                30,000

The following events occurred in 2020:

• Issued 50,000 common shares for $150,000 cash.
• Declared and paid cash dividends of $25,000.
• Reported net income of $40,000.
• Reported other comprehensive income of $10,000.
• At the end of the year, the fair market value of common shares was $5/share.
• Completed a 2:1 stock-split.

Required:

1. Prepare a statement of changes in equity using the following tabular format (i.e., input numbers into the table below):

2. Would your answer to part a) above change if the company paid a stock dividend rather than a cash dividend? Explain.

3. Briefly explain why the shareholders’ equity section is important to users of financial statements.
4. Provide your views on the following quote from the President of Medical Ltd, a struggling pharmaceutical company that focuses on developing new and innovative medications:

“Investors are important. We need to please them. We need to maintain a high dividend payout ratio…whatever it takes…I want to show an increasing dividend payout ratio….”

Presented below is the comparative balance sheet for Windsor Company.

Prepare a comparative balance sheet of Windsor Company showing the percent each item is of the total assets or total liabilities and stockholders’ equity. (Round percentages to 2 decimal places, e.g. 2.25%.)

eTextbook and Media

Prepare a comparative balance sheet of Windsor Company showing the dollar change and the percent change for each item. (If there is a decrease from 2020 to 2021, then enter the amounts and percentages with either a negative sign, i.e. -92,000, -25.25 or parenthesis, i.e. (92,000), (25.25).)

Case Study:

Retirement can’t come soon enough for Dylan Rainelli. After 35 years of selling specialized agriculture equipment to the region’s custom harvesters, he’s ready to spend his days in fishing on Burr Lake.

Dylan’s handled many large and high-dollar accounts throughout his years at Red Star Farm Equipment, but none larger than his account with Matlock Harvesting. Matlock Harvesting is a full-service custom harvesting company whose clients span the entire Midwest. Matlock’s equipment replacement cycle yields Red Star Farm Equipment 10 million annually-- all brokered by Dylan. Dylan believes the experience he has gained throughout his career and his commitment to servicing his accounts has been an important factor in keeping loyal customers - especially Matlock Harvesting. It’s important to Red Star Farm Equipment that Dylan’s successor provide this same level of commitment to these accounts as well.

Red Star Farm Equipment recently participated in a Penn State Career Fair with the goal of finding upcoming graduates to fill several positions in various departments within their company. You are well aware of the experience a sales career with Red Star Farm Equipment can provide and are excited to meet with their representatives. After the Career Fair, you receive an official interview at the company headquarters. They mention you are being considered as Dylan’s replacement and stress the importance and value that his accounts are to the company. You are asked two questions that you know will make or break the interview: what steps you will take to maintain these accounts? How will you continue to keep these accounts as long-term clients? How do you respond?

Timmins Company of Emporia, Kansas, spreads herbicides and applies liquid fertilizer for local farmers. On May 31, 2020, the company’s Cash account per its general ledger showed a balance of $7,206.00.
The bank statement from Emporia State Bank on that date showed the following balance.

A comparison of the details on the bank statement with the details in the Cash account revealed the following facts.

what three ways can selection interviews be classified?how does each classification affect an interview?