Samuel company, a toy retailer, is publicly listed in Hong Kong. The company is thinking of investing in natural gas wells in Russia. This would be a five-year project. The CEO of the company has employed you as a financial manager for this investment project. Explain to the CEO the major considerations, methods and challenges in determining the required rate of return for this project. Explain if there would be any difference in the estimation of required rate of return for a private firm or a publicly traded firm. Explain also whether it is important to consider the issue of operating leverage in analysing this project. The CEO says “ The cost of capital depends on the source of the money, not the risk of the project.” Do you agree? Explain and illustrate your explanation with example. (limit your answer to 450 words)

Compute and Interpret Liquidity, Solvency and Coverage Ratios
Balance sheets and income statements for Lockheed Martin Corporation follow. Refer to these financial statements to answer the requirements.

1. Compute Lockheed Martin's quick ratio for 2005 and 2004. (Round your answers to two decimal places.)

2005 quick ratio = Answer

2004 quick ratio = Answer

2. Compute total debt-to-equity ratios for 2005 and 2004. (Round your answers to two decimal places.)

2005 total debt-to-equity = Answer

2004 total debt-to-equity = Answer

3.  Compute cash from operations to total debt ratio, and free operating cash flow to total debt ratios. (Round your answers to two decimal places.)

2005 cash from operations to total debt = Answer

2004 cash from operations to total debt = Answer

2005 free operating cash flow to total debt = Answer

2004 free operating cash flow to total debt = Answer

study a corporation. You can venture into any industry, but the corporation of choice must be one that is a publicly traded company, either on the NYSE, or NASDAQ.

research the financial positions of the corporation that you selected, i.e. Balance Sheet, Income Statements, Cash Flows. Look over Market Value and Book Value, identity investor and stakeholder positions. look at the risks associated to the company and, if applicable, corporate performance in both Bear and Bull markets.

Name the major sections of a publicly traded company's corporate annual reports (10K statement). Why is the Management Discussion & Analysis required for annual reports?

There was almost a complete turnover of the staff assigned to the New Century audit engagement team from 2004 to 2005. What quality control mechanisms should accounting firms have in such circumstances to ensure that a high-quality audit is performed?

3-30 (Objectives 3-3, 3-4) Publicly traded companies must electronically file a variety of
forms or reports with the U.S. Securities and Exchange Commission (SEC), including
the Form 10-K, which includes the audited annual financial statements. The SEC makes
most of these electronic documents available on the Internet via EDGAR, which stands
for Electronic Data Gathering, Analysis, and Retrieval system. The primary purpose for
EDGAR is to increase the efficiency and fairness of the securities market for the benefit of
investors, corporations, and the economy by accelerating the receipt, acceptance, dissemination,
and analysis of time-sensitive corporate information filed with the agency.
a. Visit the SEC Web site (www.sec.gov) and use the link to “Company Filings Search”
(under “Filings”) to locate the Form 10-K filing for Google, Inc., for the year ended
December 31, 2015, to answer the following questions:
1. Who was Google’s auditor?
2. Did the audit firm issue a combined or separate report(s) on the financial statements
and on internal controls over financial reporting?
3. What type of audit opinion did the auditor provide for the financial statements?
4. What was the auditor’s opinion about internal controls over financial reporting?
5. What was the report date for the audit report?
b. Visit the PCAOB’s Web site (www.pcaob.org) and use the link to “Auditing” under the
heading for “Standards” to locate the PCAOB’s Auditing Standards. Search the links
to the Auditing Standards to answer the following questions:
1. Where would the auditor locate guidance about changes to the auditor’s report
if Google makes a change in accounting principle that is considered material?
Identify the appropriate section in the Auditing Standards and identify the relevant
paragraph(s) within that section that would be applicable to this situation.
Assume that Google properly reports the change in the financial statements.
2. Where would the auditor locate guidance to determine the effect on the auditor’s
report if he or she has substantial doubt about Google’s ability to continue as
a going concern? Identify the appropriate section and the relevant paragraph(s)
within that section that would be applicable to this situation.
3. Google’s Form 10-K contains information that is in addition to the financial statements
and related footnotes. Where would the auditor locate guidance that addresses
his or her responsibility for this other information and what is the auditor’s obligation
related to that information? Identify the appropriate section and the relevant
paragraph(s) within that section that would be applicable to this situation.

Nicole Martins is the controller at UMC Corp., a publicly-traded manufacturing company. Last year, UMC had annual sales revenue of $15 million. The first quarter of this year just ended, and Nicole needs to prepare a trial balance so she can prepare the quarterly financial statements. However, trial balance is out of balance by $750 (credits exceed debits). Nicole is running out of time as the report is due today! Therefore, she decides to balance by plugging the $750 into the Equipment account. She chose the Equipment account because it has the largest account balance. Therefore, with the $750 added, it will be the least-misstated account. Identify the stakeholders in the case. Explain the ethical issues the case involves. If you were Nicole, what would you do?

The data below lists the population of the United States each year from 2000 until 2010. (Hint: see Chapter 7 Project Part 1) a. (4 points) Use EXCEL to make a scatter plot and find a linear model of your data. Let the horizontal axis represent the years after 2000 (the year 2000 would be 0) and let the vertical axis represent the US population in millions. Provide a title for your graph, label both the vertical and horizontal axes, and make sure the linear model is included on your graph. Copy the scatter plot with the linear model and paste it into your document. b. (3 points) Identify the slope and y-intercept of your linear model and explain what both of these values mean in the context of the data given labeling with correct units. Please use complete sentences. (hint: see last page of part 1 of the project). Year US Population in Millions 2000 282.16 2001 284.97 2002 287.62 2003 290.11 2004 292.81 2005 295.52 2006 298.38 2007 301.23 2008 304.09 2009 306.77 2010 309.3

The table shows data on asthma-related visits. Is there evidence that these visits vary by quarter? Can you detect a trend? A powerful test would be to run a multiple regression in Excel. If the function is already loaded, you will find it in Data> Data Analysis> regression. If not get help in adding the Analysis Tool Pak. To test for quarterly differences, create a variable called Q1 that equals 1 if the data are for the first quarter and 0 otherwise, a variable called Q2 that equals 1 if the date are for the second quarter and 0 otherwise and a variable called Q4 that equals 1 if the date are for the forth quarter and 0 other wise. ( Because you will accept the default, which is to have a constant term in your regression equation, do not include an indicator variable for quarter 3). Also create a variable called Trend that increases by 1 each quarter.