Questions
Please review the following scenario and place yourself in the position of the new Human Resource...

Please review the following scenario and place yourself in the position of the new Human Resource Manager for Acme Manufacturing. Once you understand the circumstances of the problems in this organization, please respond to the questions that the General Manager has posed.

Scenario: You just started work as the new Human Resources Manager for Acme Manufacturing, a Fortune 1,000 company. The job was vacant for 6 months prior to your hiring. You have wondered about this, especially since reading about employee harassment incidents and fights recently in the news.

The General Manager (GM) calls you into his office the minute you arrive. He shuts the door after saying a quick word of welcome and begins to tell you about an incident that happened last week that needs your immediate attention. The company's manufacturing operation runs three shifts of production workers so that the plant is operating 24/7. Over the past 6 months, hostilities have arisen between employees on the third and first shifts. What started out as jeering and criticisms by the first shift, claiming they have to clean up the mess and complete all of the work left undone by the third shift, has escalated to physical confrontations and altercations. Although the GM says that aggressive bantering back and forth is common for shift workers in manufacturing, he admits that he is worried about further violent escalation. The GM says he needs your help.

  • Where do you think that this evaluation should begin? In your reply, explain your reasoning.
  • Explain the different levels of disciplinary actions that will be used for the Acme Manufacturing Company. Your reply should include the levels of discipline and 1 example of a disciplinary action for each level.
  • How would you determine the disciplinary action appropriate for the employees involved in this scenario? Your response should include your reasoning.
  • Why would you draft policies and procedures associated with disciplinary actions for the workplace? Provide a minimum of 2 reasons in your response.
  • How would you ensure that the entire workforce is trained on these new policies and procedures? Provide 1 example in your response.

Write a 5–7-page memo to the GM that provides your responses to his questions above. Be sure to cite any references used in proper APA format.

In: Operations Management

Question 1 (1 point) 4-3 (True/False) There are major differences between firewalls for wired ad wireless...

Question 1 (1 point)

4-3 (True/False) There are major differences between firewalls for wired ad wireless uses.

Question 1 options:

True

False

Question 2 (1 point)

4-14 Which of the following terms best describes the following diagram?

Question 2 options:

DMZ

Intranet

Public LAN

Extranet

Question 3 (1 point)

4-13 Which of the following is the BEST definition of dual-homed?

Question 3 options:

Can filter on two OSI layers

Contains two NICs

Performs filtering and logging

Performs packet and content filtering

Question 4 (1 point)

4-10 Which of the following is the name for a lower-end (small business grade) firewall appliance that is capable of packet filtering, content filtering, intrusion detection, proxy, and application layer filtering?

Question 4 options:

UTM

All-in-one

SMB device

NGFW

Question 5 (1 point)

4-11 Which of the following is most often used for protecting a single computer?

Question 5 options:

hardware firewall

virtual firewall

software firewall

firewall appliance

Question 6 (1 point)

4-7 Which of the following were generation one firewalls capable of?

Question 6 options:

Filtering by IP header

Filtering by session layer header

Filtering by data content

Filtering by protocol being used

Question 7 (1 point)

4-6 the earliest firewalls were only capable of which of the following kinds of filtering?

Question 7 options:

Application layer

Stateless

Stateful

Circuit layer

Question 8 (1 point)

4-1 Which of the following were firewalls originally conceived to perform?

Question 8 options:

Block incoming unsolicited traffic

Block outgoing traffic

Both of the above

Neither of the above

Question 9 (1 point)

4-8 Which of the following is the word describing a firewall that is aware of a packet's place in an established and ongoing conversations

Question 9 options:

Content filter

Proxy

Stateless

Stateful

Question 10 (1 point)

4-20 Which of the following refers to a software firewall places on a dedicated server to create an internal hardware firewall?

Question 10 options:

Firewall system

Constructed firewall

Spare part firewall (SPF)

Virtual firewall

In: Computer Science

Series Legend Input Area Net Sales CE OR TB Royalty Rate: 7.3% Average Certification Series Office...

Series Legend

Input Area

Net Sales

CE

OR

TB

Royalty Rate:

7.3%

Average

Certification Series

Office Reference

True Beginner

Return Rate:

10.0%

Highest

Bonus Amount:

$ 500.00

Lowest

Author

Series Code

Software

Quantity Sold

No. Books Returned

Percent Returned

Unit Price

Net Sales

Author Royalties

Bonus

Author Earnings

Lopez

OR

Word 2016

          8,584

           500

$    49.95

500

Krupin

TB

Word 2016

          1,847

           271

$    25.00

500

Cote

CE

Word 2016

          2,684

           400

$    39.95

500

Yeung

OR

Excel 2016

        11,841

        1,042

$    49.95

500

Tremblay

TB

Excel 2016

          9,475

           957

$    30.00

500

Torres

CE

Excel 2016

          8,443

           327

$    39.95

500

Martin

OR

Access 2016

          8,064

           834

$    49.95

500

Alfero

TB

Access 2016

          3,397

           331

$    30.00

500

Daniels

CE

Access 2016

          3,978

           415

$    34.49

500

Ortiz

OR

PowerPoint 2016

          1,279

           120

$    49.95

500

Wong

TB

PowerPoint 2016

          1,050

           184

$    25.00

500

Kumar

CE

PowerPoint 2016

          2,507

           187

$    34.49

500

Bartalotti

TB

Outlook 2016

          1,884

           175

$    25.00

500

Wallace

OR

Windows 10

        14,750

        1,839

$    49.95

500

Toulou

TB

Windows 10

          8,342

           803

$    25.00

500

Coleman

CE

Windows 10

          6,124

           741

$    34.49

500

EX16_XL_VOL1_GRADER_CAP_HW - Software Training Books 1.5

Project Description:

You are a vice president for a publisher of software training books. Your division publishes three series that focus on Microsoft Office and Windows. You want to analyze the sales data and calculate author royalties. You will format the worksheet, insert formulas and functions to perform calculations, sort and filter data to review specific book sales, and prepare a chart that compares sales by series.

Instructions:

For the purpose of grading the project you are required to perform the following tasks:

Step

Instructions

Points Possible

1

Start Excel. Download and open the file named exploring_ecap_grader_h1.xlsx.

0

2

On the Data worksheet, select the range A6:K6, wrap the text, and apply Center alignment. Change the row height to 30 for row 6.

3

3

In cell F7 in the Data worksheet, insert a formula that calculates the percentage of books returned based on the number of books returned and the quantity sold. Copy the formula from cell F7 to the range F8:F22.

4

4

In cell H7 in the Data worksheet, insert a formula that calculates the net sales. This monetary amount reflects the number of books not returned and the unit price. Copy the formula from cell H7 to the range H8:H22.

4

5

In cell I7 in the Data worksheet, insert a formula that calculates the amount of the first author’s royalties. An author’s royalties are based on the Royalty Rate located in the Input Area and the respective Net Sales. Copy the formula from cell I7 to the range I8:I22.

4

6

In cell K7 in the Data worksheet, insert a formula that adds the first author’s royalty amount to the bonus. Copy the formula from cell K7 to the range K8:K22.

4

7

In cell J2 in the Data worksheet, insert a function to calculate the average net sales. In cell J3 insert a function to calculate the highest net sales. In cell J4 insert a function to calculate the lowest net sales.

6

8

Select the range L1:N2 in the Data worksheet, copy the selected data, and transpose the data when pasting it to cell A2. Delete the data in the range L1:N2.

4

9

Click cell C6 in the Data worksheet and insert a column. Type Series Name in cell C6. Click cell C7 in the Data worksheet and insert a lookup function that identifies the series code, compares it to the series legend, and then returns the name of the series. Copy the function you entered from cell C7 to the range C8:C22. Change the width of column C to 18.

8

10

Click cell K7 in the Data worksheet and replace the current contents with an IF function that compares the percent returned for the first book to the return rate in the Input Area. If the percent returned is less than the return rate, the result is $500. Otherwise, the author receives no bonus. The only value you may type directly in the function is 0 where needed. Copy the function you entered from cell K7 to the range K8:K22.

5

11

Select the range G7:G22 in the Data worksheet and apply the Percent Style format with one decimal place. Select the range K7:K22 and apply the Accounting Number Format. Merge and center the label Series Legend in the range A1:C1 in the Data worksheet. Apply Thick Outside Borders to the range A1:C4.

Note, the border type may be Thick Box Border, depending on the version of Office used.

6

12

Select Landscape orientation, adjust the scaling so that the data fits on one page, and set 0.1 left and right margins for the Data worksheet.

4

13

Click the Sales sheet tab, convert the data to a table, and apply Table Style Light 9.

4

14

Sort the data by Series Name in alphabetical order and then within Series Name, sort by Net Sales from largest to smallest.

4

15

Add a total row to display the sum of the Net Sales column. Change the column width to 14 for the Net Sales column.

4

16

Select the values in the Percent Returned column and apply conditional formatting to apply Light Red Fill with Dark Red Text for values that are greater than 9.9%.

3

17

Select the values in the Net Sales column and apply a filter to display only net sales that are less than $100,000.

4

18

Click the Net Sales sheet tab, select the range A3:D7, and create a clustered column chart.

4

19

Move the chart so that the top-left corner is positioned inside cell A9. Change the chart width to 4.66 inches and the chart height to 2.9 inches.

3

20

Link the chart title to cell A1. Format the value axis to display whole numbers only.

2

21

Format the chart title, value axis, category axis, and legend with Black, Text 1 font color.

3

22

Select the Series Sales tab, select the ranges A4:A7 and C4:C7 and create a pie chart. Move the pie chart to a chart sheet named Office Reference. Move the Office Reference chart sheet to the right of the Series Sales sheet.

5

23

Change the chart title to Office Reference Series. Apply bold and change the font size to 18 for the chart title.

2

24

Apply the Style 12 chart style and change the colors to Colorful Palette 4.

4

25

Display data labels in the Inside End position. Display Percentage data labels; remove the Value data labels. With the Series 1 Data Labels selected, apply bold, change the font size to 18, and then apply White, Background 1 font color.

6

26

Ensure that the worksheets are correctly named and placed in the following order in the workbook: Data, Sales, Net Sales, Series Sales, Office Reference. Save the workbook. Close the workbook and then exit Excel. Submit the workbook as directed.

0

Total Points

100

In: Finance

Read the case study. Identify three (3) problems and recommendations to solve the problems. Each problem...

Read the case study. Identify three (3) problems and recommendations to solve the problems. Each problem will require a justified recommended solution at least a page each. Zappos CEO Asks Employees to Commit to Teal, or Leave Zappos had modest beginnings. In 1999, shoesite.com was started by Nick Swinmurn to capture online shoe sales. Swinmurn reached out to Tony Hsieh (pronounced “shay”) and Alfred Lin, who were running Venture Frogs, a kind of venture capital group, for advice and funding. Shoesite soon changed its name to Zappos, a riff on zapatos, the Spanish word for shoes, but abstract enough to let the company offer products other than footwear. In 2000 Hsieh joined Swinmurn as co-CEO and then became sole CEO. Quietly charismatic, Hsieh gives quote-worthy interviews and for over a decade has served as the company’s public face and voice. (Swinmurn left in 2006.) Zappos has achieved great financial success. Revenue jumped from $1.6 million in 2000 to over $1 billion by 2008. This success led Amazon.com to purchase the company for $1.2 billion in 2009. And today? While Amazon does not separate Zappos revenues in its annual report, the division’s sales are assumed to continue at well over $1 billion annually. Hsieh told Jennifer Reingold, a Fortune reporter, that the company had achieved its highest operating profit ever in 2015.119 Tony Hsieh’s Vision for the Company Hsieh has long cared about employee welfare, as evidenced by his book titled Delivering Happiness. He asserts that employee satisfaction is essential for business success. Today, his goal is to turn Zappos into a “teal” company: teal represents a company “characterized by self-management, bringing one’s ‘whole’ self to work, and having a purpose beyond making money,” according to Fortune. To get there, Hsieh implemented an organizational structure he calls a holacracy. Moving to Holacracy Zappos historically favored an informal and flatter organization structure that probably best fits the horizontal form of organizational design discussed in this chapter. The company preferred this design because it felt bureaucracy and hierarchy might dampen the creativity and employee engagement needed to provide great customer service, a primary corporate goal. Although this design aided Zappos throughout its growing years, in 2013 Hsieh came to believe that Zappos’s organizational structure was limiting what employees had to offer. It was time for a change. Hsieh told The Wall Street Journal, “Employees have so much more to offer. They’re a full human being that has all these skills that, if they’re given the right context to collaborate with each other and be creative and help move the company forward, they will do that.”120 In a holacracy, the traditional hierarchical structure and reporting relationships are replaced by self-management. There are no job titles and no managers. “It removes power from a management hierarchy and distributes it across teams that have a clear set of roles, responsibilities, and expectations. Instead of being assigned to a particular job position or description, roles of employees are defined around the work. These roles are constantly being updated and employees fill several roles. Additionally, employees work within a team in which authority is equally distributed among its members," according to management blogger.121 These teams represent a hierarchy of work circles. A writer for Fortune noted that each team has a different purpose, and the circles “operate next to, and on top of, each other. … Lead links are the nominal managers—but they have little formal authority and can’t force employees to do anything they don’t want to do.”122 A writer from Forbes described the structure as a hierarchy of circles that operate according to detailed procedures outlined in the Holacracy Constitution. “Each higher circle tells its lower circle (or circles) what its purpose is and what is expected of it. It can do anything to the lower circle—change it, re-staff it, abolish it—if it doesn’t perform according to the higher circle’s expectations. The word customer or a reference to any feedback mechanism from the customer doesn't appear even once in the Holacracy Constitution. The Page 629arrangements are purely inward-looking and vertical,” according to Forbes.123 As of 2015, more than 300 circles covered the areas of customer service, social media, Holacracy implementation, and others.124 The Holacracy Constitution was developed by Brian Robertson, the software executive who proposed this form of organizational design. This document contains a language unique to this form of structure and detailed procedures for running governance and tactical meetings and expressing “tensions.” A tension is an employee concern or problem about something happening at the company. Circles are expected to resolve tensions. Employees are expected to use the language and procedural guidelines in the constitution. Hsieh notes this process makes everything explicit. In other words, holacracy creates bureaucracy and hierarchy. “The ironic thing is there’s actually a lot more structure and we have governance meetings. Each circle has its own governance meetings that list accountabilities and change purpose statements and so on,” he said.125 Employees are allowed to move from circle to circle if they believe their talents can be used more effectively elsewhere or they are unhappy in their current circle. The Outcomes of Holacracy at Zappos In attempt to optimize P-O fit, in 2015 Hsieh offered employees three months of severance pay if they did not like working in the new structure. About 14 percent of Zappos’s 1,500 employees took the deal. This is huge when you consider that the company’s traditional turnover rate has been about 1 percent.126 Hsieh isn’t overly concerned and even provided this positive spin: “Another way to look at it is that 86 percent of employees chose to walk away from the ‘easy money’ and stay with the company.” Zappos simply went out and hired more people. Fortune reporter Reingold concluded that holacracy creates winners and losers. On the positive side, it sparked new ideas and provided more opportunities for less senior employees because experience and expertise were de-emphasized in the new structure. It also benefited introverts in that they now are expected to speak up in meetings. It also helped dissatisfied employees such as Derek Noel. Noel was a customer service representative who wanted to transfer to the company’s culture team. His boss had blocked the transfer, but under holacracy, he was no longer allowed to do this. So Noel moved to the Fungineering circle, an events-planning/pep team.127 On the downside, the new structure is vague about how people receive performance evaluations and pay raises. Some are concerned about promotional opportunities because there are no managerial job tracks. Employees told The Wall Street Journal, “The new system has been confusing and time-consuming, especially at first, sometimes requiring five extra hours of meetings a week as workers unshackled from their former bosses organize themselves into ‘circles’ and learn the vocabulary of holacracy.”128 Now What? Hsieh wrote a 4,300-word memo to employees in 2015 called, “Reinventing Zappos: The Road to Teal.” (Remember that he earlier asked people to commit to a holacracy culture and 14 percent of the employees quit.) He then asked everyone to commit to teal or leave (with a nice severance package). He felt that nonbelievers needed to go. According to Fortune, “In the end, 18 percent of the 1,500 employees took buyouts, and another 11 percent left without a package.”129 All told, about 29 percent of Zappos employees quit the company as a result of instituting a holacracy culture in pursuit of becoming teal. Many remaining employees feel it’s time to refocus on organizational culture. It was suggested that circles include a “culture check” at every governance meeting. The company has also revised its recruiting process to assess whether applicants fit the new structure and philosophy of teal. In 2016, Zappos did not make Fortune’s list of Best Places to Work for the first time in eight years. Its scores on 48 of 58 questions had dropped.130

In: Economics

The concept of after-tax Weighted Average Cost of Capital (WACC) is a common issue when studying finance at all levels.

Assessment: The Angel Investor

This Competency Assessment assesses the following outcome:

MT480M6: Incorporate the combined attributes of debt and equity given a cost of capital model.

The concept of after-tax Weighted Average Cost of Capital (WACC) is a common issue when studying finance at all levels. The impact of taxes, applicable to most forms of financing is a key component of studies in the field of finance. The Assessment questions will present the opportunity to assess and build upon your knowledge of and ability to calculate the after-tax WACC and the cost of debt and equity.

Read the fictional scenario and respond to the checklist items in this written Assessment.

Scenario: As an Angel Investor you have been asked to assess an entrepreneur’s product and financing options. In your role as an Angel Investor you focus on one year at a time. The entrepreneur asks for $100,000 immediately to purchase a diagnostic machine for a healthcare facility. The entrepreneur hopes to be financed with 60 percent debt and 40 percent equity. As the entrepreneurs’ venture capital partner, you assign a cost of equity of 15% and a cost of debt at 10%. You require a Return on Investment (ROI) of 8%. You are using an After Tax Weighted Average Cost of Capital (AT- WACC) model. A 35% marginal tax rate is applied Address the following checklist items:

Checklist:

  • Explain the tax benefits of debt financing.

  • Calculate the AT- WACC with a 60% debt and 40% equity financing structure.

  • Apply the calculated AT-WACC to explain why this is or is not a viable investment for you as the Angel Investor.

  • Explain what the entrepreneur’s financial restructuring AT- WACC (% Debt and % Equity) need to be in order to create a positive ROI.

  • Explain why you as the Angel Investor would require more or less debt versus equity financing. Be sure to note the nature of the claims on assets in times of a bankruptcy.

  • Submit your response in a minimum of a 2-page APA formatted MicrosoftÂŽ WordÂŽ document to the Dropbox with additional title and references pages.

Access the rubric

Minimum Submission Requirements

  • Address all the checklist items.

  • Include a strong thesis statement, introduction, and conclusion. The main points of the response should be developed and explained clearly in the denial letter with appropriate financial and accounting terminology.

  • Your content should follow proper APA citation style. For assistance with APA formatting, go to the Writing Resources accessed through the Academic Success Center within the Academic Tools area of the course. APA formatting dictates that your paper includes a cover sheet (i.e., title page), the paper is double spaced, in Times New Roman 12-point font, with correct citations, uses Standard English with no spelling or punctuation errors.

In: Finance

The Criminalization of American Business What do Bank of America, Citigroup, JPMorgan Chase, and Goldman Sachs...

The Criminalization of American Business

What do Bank of America, Citigroup, JPMorgan Chase, and Goldman Sachs have in common? All paid hefty fines for purportedly misleading investors about mortgage-backed securities. In fact, these companies paid the government a total of $50 billion in fines. The payments were made in lieu of criminal prosecutions.

Today, several hundred thousand federal rules that apply to businesses carry some form of criminal penalty. That is in addition to more than four thousand federal laws, many of which carry criminal sanctions for their violation. From 2000 to 2019, about 3,200 corporations either were convicted or pleaded guilty to violating federal statutes or rules.

Criminal Convictions

The first successful criminal conviction in a federal court against a company—the New York Central and Hudson River Railroad—was upheld by the Supreme Court in 1909 (the violation: cutting prices). Many other successful convictions followed.

One landmark case developed the aggregation test, now called the Doctrine of Collective Knowledge. This test aggregates the omissions and acts of two or more persons in a corporation, thereby constructing an actus reus and a men's rea out of the conduct and knowledge of several individuals.

Not all government attempts at applying criminal law to corporations survive. Courts have sometimes found insufficient evidence to show that a company acted with specific intent to commit a crime. Often, however, companies choose to reach settlement agreements with the government rather than fight criminal indictments.

Many Pay Substantial Fines in Lieu of Prosecution

More than four hundred corporations reached so-called non-prosecution agreements with the government from 2000 to the beginning of 2019. These agreements typically involve multimillion- or multibillion-dollar fines. This number does not include fines paid to the Environmental Protection Agency or to the Fish and Wildlife Service.

According to law professors Margaret Lemos and Max Minzner, “Public enforcers often seek large monetary awards for self-interested reasons divorced from the public interest and deterrents. The incentives are strongest when enforcement agencies are permitted to retain all or some of the proceeds of enforcement.”

Questions Presented

1 A. Why might a corporation’s managers agree to pay a large fine rather than to be indicted and proceed to trial?

B. How does a manager determine the optimal amount of legal research to undertake to prevent her or his company from violating the many thousands of federal regulations?

(At least 100 word response for each please)

In: Finance

Your task is to determine the WACC for a given firm using what you know about WACC, as well as data you can find through research.

(use a current ompany and data)

Week Five Financial Exercises

Your task is to determine the WACC for a given firm using what you know about WACC, as well as data you can find through research. Your deliverable is a brief report in which you state your determination of WACC, describe and justify how you determined the number, and provide relevant information as to the sources of your data.

Select a publicly traded company that has debt or bonds and common stock to calculate the current WACC. One good source for financial data for companies, as well as data about their equity, is Yahoo! Finance. By looking around this site, you should be able to find the market capitalization (E) as well as the β for any publicly traded company.

There are not many places left where data about corporate bonds is still available. One of them is the Finra Bonds website. To find data for a particular company’s publicly traded bonds use the Quick Search feature, then be sure to specify corporate bonds and type in the name of the issuing company. This should give you a list of all of the company’s outstanding bond issues. Clicking on the symbol for a given bond issue will lead you to the current amount outstanding and the yield to maturity. You are interested in both. The total of all bonds outstanding is D in the above formula.

If you like, you can use the YTM on a bond issue that is not callable as the pre-tax cost of debt for the company.

Assumptions:

As you recall, the formula for WACC is:

rWACC = (E/E+D) rE + D/(E+D) rD (1-TC)

The formula for the required return on a given equity investment is:

ri= rf + βi * (RMkt-rf)

RMkt-rf is the Market Risk Premium. For this project, you may assume the Market Risk Premium is 5% unless you can develop a better number.

rf is the risk-free rate. The risk-free rate is normally the yield on US Treasury securities such as a 10-year treasury. For this assignment, please use 3.5%.

You may assume a corporate tax rate of 40%.

Submit the following:

Write a 350- to 700-word report that contains the following elements:

  • Your calculated WACC

  • How data was used to calculate WACC (provide the formula and the formula with your values substituted)

  • Sources for your data

  • A discussion of how much confidence you have in your answer, including what the limiting assumptions you made were, if any

Include a MicrosoftÂŽExcelÂŽ file showing your WACC calculations discussed above.


In: Finance

A transfer of contractual duties by the obligor to another party for performance is: a. delegation...

  1. A transfer of contractual duties by the obligor to another party for performance is:

    a.

    delegation of duties

    b.

    assignment of a contractual right

    c.

    declaration of duties to a third party

    d.

    none of the above

2 points   

QUESTION 27

  1. If a contracting party fails to perform a duty owed under a contract, there is:

    a.

    a breach of contract

    b.

    an illusory remedy available at law

    c.

    substantial performance waived

    d.

    A and C are appropriate

2 points   

QUESTION 28

  1. When a minor voluntarily leaves home and lives apart from their parents, the minor is:

    a.

    a competent party due restitution

    b.

    owes a minor's duty of restoration

    c.

    emancipated

    d.

    has no legal duties or obligations.

2 points   

QUESTION 29

  1. Certain state statutes require certain contracts to be in writing

    a.

    statute of limitations

    b.

    statute of word processing

    c.

    statute of primary purpose

    d.

    statute of frauds

    e.

    none of the above

2 points   

QUESTION 30

  1. Forbearance of a legal right is a form of:

    a.

    bargained for exchange

    b.

    gift promise

    c.

    consideration

    d.

    nominal consideration

2 points   

QUESTION 31

  1. Joe Sr. tells his son, Joe Jr., he will give him $1,000 if he does not smoke "crack" while in college.  Can Joe Jr. enforce the contract if he regrains from "smoking" during college?

    a.

    no because it was an illusory promise

    b.

    no, because it was based on a moral obligation

    c.

    no, because it was a promise to refrain from doing an illegal act

    d.

    no, because it was based on past consideration

2 points   

QUESTION 32

  1. If a minor does not disaffirm a contract prior to reaching majority (18) or sometime reasonable soon thereafter, the contract is:

    a.

    voidable

    b.

    void

    c.

    misrepresented

    d.

    ratified

2 points   

QUESTION 33

  1. If either party to a contract has the opinion to avoid their contractual obligation, it is:

    a.

    a valid contract

    b.

    a void contract

    c.

    a voidable contract

    d.

    an unenforceable contract

2 points   

QUESTION 34

  1. If an offeree responds to an offer by offering terms and conditions different from the original offer, it is:

    a.

    a revocation of the offer by the offeror

    b.

    a rejection by the offeree

    c.

    a counter-offer by the offeree

    d.

    a promisory estoppel

2 points   

QUESTION 35

  1. A rule that says an acceptance is effective, even if it is lost in the mail is called:

    a.

    mirror image rule

    b.

    acceptance upon dispatch - "mail box" rule

    c.

    acceptance is effective upon receipt

    d.

    none of the above applies

In: Economics

Dany needs help with some personal finance concepts and has turned to you for help. Insert...

Dany needs help with some personal finance concepts and has turned to you for help. Insert the correct word from the choice of words at the end of this Mini-Case 1 to complete the sentence (note: not all words will be used): (8 marks -1 mark each)

• Pooled investments is an investment fund that pools together money from many investors; it provides for diversification, _______________________________________, and marketability.

• When applying for life insurance, the information you provide about your medical history and lifestyle is used to determine your eligibility for coverage and your ______________________.

• ______________________________________ insures against costs of damage to your car resulting from an accident in which the driver of your car is at fault.

• A ___________________________ is a gift that results from the instructions provided in a Will.

• A person specified in a Will to receive part (or all) of an estate is called a ___________________________________. For life insurance proceeds, this person receives the insurance payment directly upon the death of the insured as it does not form part of the estate.

• The ______________________________________ is the dollar value of the Estate assets that will be distributed to the surviving spouse before assets are distributed among all potential beneficiaries.

• The ______________________________________ is written solely in the handwriting of the testator and it does not require any witnesses.

• Sarah is leaving for vacation and will be travelling around the world for six months. She has decided to leave her brother, Aaron in charge of her affairs to pay her bills and take care of her home while she is away. Sarah should have a notary prepare a ______________________________________ to allow Aaron to make specific decisions on her behalf.

Exchange-Traded Funds (ETF)

High ratio mortgage

Convertible mortgage

Beneficiary

Diversification

Enduring Power of Attorney

Closed mortgage

Liquid asset

Asset

Locked-In Retirement Account (LIRA)

Defined Contribution Pension Plan (DCPP)

Defined Benefit Pension Plan (DBPP)

Preferential share

Opportunity costing

Annuity

Collision insurance

Old Age Security (OAS)

Personal Balance Sheet

Average tax rate

Registered Retirement Savings Account (RRSP)

Tax-Free Savings Account (TFSA)

Mutual Fund

Return on Investment (ROI)

Conventional mortgage

Annuity Due

Notarial Will

Mortgage

Current asset

Bequest

Limited Power of Attorney

Term insurance

Marginal tax rate

Whole life insurance

Budgeting

Money management

Disability insurance

Credit management

Stop payment

Holograph Will

English Form Will

Home Equity Line of Credit

Premium

Overdraft

Credit cards

Consumer Price Index (CPI)

Lifelong learning plan (LLP)

Net Asst Value (NAV)

Prime rate

Amortization

Economies of scale

Compound

Reverse mortgage

Segregated funds

Open mortgage

In: Finance

Robert Campbell and Carol Morris are senior vice-presidents of the Mutual of Chicago Insurance Company. They...

Robert Campbell and Carol Morris are senior vice-presidents of the Mutual of Chicago Insurance Company. They are co-directors of the company's pension fund management division. A major new client has requested that Mutual of Chicago present an investment seminar to illustrate the stock valuation process. As a result, Campbell and Morris have asked you to analyze the Bon Temps Company, an employment agency that supplies word processor operators and computer programmers to businesses with temporarily heavy workloads. You are to answer the following questions.

a. What is the difference between common stock and preferred stock? What are some of the characteristics of each type of stock?

b. (1) Write a formula that can be used to value any stock, regardless of its dividend pattern.

(2) What is a constant growth stock? How do you value a constant growth stock?

(3) What happens if the growth is constant, and g > rs? Will many stocks have g > rs?

c. Bon Temps has an issue of preferred stock outstanding that pays stockholders a dividend equal to $10 each year. If the appropriate required rate of return for this stock is 8%, what is its market value?

d. Assume that Bon Temps is a constant growth company whose last dividend (D0, which was paid yesterday) was $2 and whose dividend is expected to grow indefinitely at a 6% rate. The appropriate rate of return for Bon Temps' stock is 16%.

(1) What is the firm's expected dividend stream over the next 3 years?

(2) What is the firm's current stock price?

(3) What is the stock's expected value one year from now?

(4) What are the expected dividend yield, the capital gains yield, and the total return during the first year?

e. Assume that Bon Temps' stock is currently selling at $21.20. What is the expected rate of return on the stock?

f. Assume that Bon Temps is expected to experience supernormal growth of 30% for the next 3 years, then to return to its long-run constant growth rate of 6%. What is the stock's value under these conditions? What are its expected dividend yield and its capital gains yield in Year 1? In Year 4?

g. Suppose Bon Temps is expected to experience zero growth during the first three years and then to resume its steady-state growth of 6% in the fourth year. What is the stock's value now? What are its expected dividend yield and its capital gains yield in Year 1? In Year 4?

In: Finance