Questions
You were appointed the CFO of a firm with 2 divisions: Div. 1 -- produces regular...

You were appointed the CFO of a firm with 2 divisions:
Div. 1 -- produces regular telephones
Div. 2 -- produces specialty micro-chips which are used in cell phones

Given Information:
Market value of your firm’s debt = $100 million
Market value of your firm’s equity = $100 million
Overall/total value of firm = $200 million.
Beta of firms’ equity = 2
Firm’s debt = riskless.
Expected excess return on the market over the riskless rate = 8% percent
Risk-free rate = 2%

Assume that the CAPM holds.

Engineers in Division 2 now discover an opportunity to invest in a new production technology which would enable it to produce better micro-chips. The required investment would be $15 million today (t=0), but the investment would increase expected Division 2 sales revenues by $4 million per year (each year, indefinitely, starting at t=1). You should assume that the systematic risk (the asset beta) of Division 2 will be unaffected by the switch to the new production technology.

Question 1: What is the asset beta for Division 2?

Question 2: Would you recommend that your firm invests in the new production technology?

Question 3: Suppose your firm announces at t=0 that it will invest in the new production technology and issues $15 million worth of debt to finance the upfront investment.
If there are 10 million shares outstanding, what will the price per share be right after this has been done (i.e. right after t=0)?

In: Finance

personal sensing devices are becoming more commonplace in everyday life. Unfortunately, radio transmissions from these devices...

personal sensing devices are becoming more commonplace in everyday life. Unfortunately, radio transmissions from these devices can create unexpected privacy concerns if not carefully designed. We demonstrate these issues with a widely-available commercial product, the Nike+iPod Sport Kit, which contains a sensor that users put in one of their shoes and a receiver that users attach to their iPod Nanos. Students and researchers from the University of Washington found out that the transmitter in a sneaker can be read up to 60 feet away. Through the use of a prototype surveillance system, the researchers could track someone wearing Nike+iPod sensors, plot their location on a GoogleMaps-based website and emai and text-messaging real-time surveillance data to anyone.

You are interested in deploying sensor technology in the cafe to help revamp operations. How would you address the following:

Many cafes are putting sensors on the bottom of cups to help alert the wait staff that a customer needs a refill. Would you introduce this technology to the cafe? If so, are there any concerns with using this type of technology?

What other types of sensors could you deploy throughout the cafe to help operations? What concerns would you have regarding these sensors?

Are there any current laws that you would need to be aware of when deploying wireless technology? If so, what types of liabilities for potential lawsuits should you be aware of to protect the cafe? If not, what types of laws should be created to help protect customers, employees, and the cafe?

In: Operations Management

Quisco Systems has 6.9 billion shares outstanding and a share price of $ 18.84 Quisco is...

Quisco Systems has

6.9 billion shares outstanding and a share price of

$ 18.84

Quisco is considering developing a new networking product in house at a cost of

$ 458 million.​ Alternatively, Quisco can acquire a firm that already has the technology for

$ 959

million worth​ (at the current​ price) of Quisco stock. Suppose that absent the expense of the new​ technology, Quisco will have EPS of

$ 0.96

a. Suppose Quisco develops the product in house. What impact would the development cost have on​ Quisco's EPS? Assume all costs are incurred this year and are treated as an​ R&D expense,​ Quisco's tax rate is

25 %

and the number of shares outstanding is unchanged.

b. Suppose Quisco does not develop the product in house but instead acquires the technology. What effect would the acquisition have on​ Quisco's EPS this​ year? (Note that acquisition expenses do not appear directly on the income statement.

Assume the firm was acquired at the start of the year and has no revenues or expenses of its​ own, so that the only effect on EPS is due to the change in the number of shares​ outstanding.)

c. Which method of acquiring the technology has a smaller impact on​ earnings? Is this method​ cheaper? Explain.

a. Suppose Quisco develops the product in house. What impact would the development cost have on​ Quisco's EPS? Assume all costs are incurred this year and are treated as an​ R&D expense,​ Quisco's tax rate is

25 %​,

and the number of shares outstanding is unchanged.​Quisco's new EPS would be.

​(Round to the nearest​ cent.)

In: Finance

Which of the following is not an administrative body? The National Energy Board The Conference Board...

  1. Which of the following is not an administrative body?
    1. The National Energy Board
    2. The Conference Board of Canada
    3. The Queen’s Privy Council for Canada
    4. The Law Society of Ontario
    5. The Ontario Securities Commission

  1. Who would not be held to the standard of being a professional in tort law?
    1. A nurse
    2. A financial advisor
    3. A computer programmer
    4. An accountant
    5. A lawyer
  2. What type of contract would be considered enforceable?
    1. A contract to carry out harm against another individual if that individual had been a cause of prior harm?
    2. A contract to ensure fair division of a market
    3. A contract resulting in a terrible financial calamity for one party
    4. A contract by the government of Toronto to build a railway in Edmonton
    5. None of the above
  3. Roberta is missing her beloved dog Rosie who escaped out of the yard. She posts a sign on local telephone polls, as well as her Facebook and Twitter pages offering $500 for anyone who finds and returns Rosie. What element of contract would this constitute?
    1. An invitation to treat
    2. An offer
    3. Mere puffery
    4. A vicarious promise
    5. None of the above
  4. Which of the following is not part of the civil legal process?
    1. Joinder of claims
    2. Severity of liability
    3. Statement of claim
    4. Discovery
    5. Mediation

In: Economics

Create a menu-based program that will allow the user to calculate the area for a few...

  • Create a menu-based program that will allow the user to calculate the area for a few different shapes: square, rectangle, parallelogram, and circle.
  • Refer to the Sample Output in this document to see what menu options you should use.
  • Create PI as a global constant variable.
  • Main Function
    • use do-while to repeat program until user chooses option 5
    • call the displayMenu function
    • get user choice & validate with while loop
    • depending on user’s choice, get the data required to calculate the area of the shape from the user and then call the appropriate function to calculate the area.

  • Write five programmer-defined functions.
    • displayMenu – should print out the menu options
    • areaSquare() – should accept the height of the square from the main function, calculate the area, and then print the area of the square.
    • areaRectangle() – should accept the height & width of the rectangle from the main function, calculate the area, and then print the area of the rectangle.
    • areaParallelogram() – should accept the base & height of the parallelogram from the main function, calculate the area, and then print the area of the parallelogram.
areaCircle() – should accept the radius of the circle from the main function, calculate the area, and then print the area of the circle.

In: Computer Science

Your task is to write a program in C or C++ that calculates the total amount...

Your task is to write a program in C or C++ that calculates the total amount of money a person has made over the last year. Your program will prompt the user for dollar amounts showing how much the user has made per job. Some users will have had more than one job, make sure your program allows for this. The program will print out the total made (all jobs) and will print out the federal and state taxes based on the total made. For this program, the federal tax will be 8.5% and the state tax will be 14.5%.

1)Use appropriate comments through out the program.

2)Create a header at the top showing the programmer, date of creation and class

3)Print out the source code, and 3 sample runs.

4)Make sure you insert appropriate instructions for the user.

Notes:

1)No negatives are allowed (negative income), check for this.

2)You may use any loop type you wish - be able to defend your choice.

Deliverables:

1)The source code of your completed, working program

2)3 sample runs of your program

In: Computer Science

Morgan Manufacturing operates in an industry in which frequent changes in market conditions results in a...

Morgan Manufacturing operates in an industry in which frequent changes in market conditions results in a hectic and volatile IT environment within the company. To keep abreast, Morgan’s system development team are engaged in a considerable level of new program development and application change activities. To efficiently manage the workload, the director of IT has combined the functions of systems development and program change into a single department. This allows programmers of new applications to also maintain those applications. To achieve cross training, programmers also maintain applications originally programmed by other IT personnel. This has resulted in an “open” library policy that allows programmers to access all programs stored in the SPL and download them to personal computers for maintenance. The immediate effect of this policy has been an increase in the work flow by reducing the startup time needed by programmers to become familiar with the systems being modified. It also reduces the time spent on system documentation. Since the designer and the maintenance programmer is the same person, highly detailed and standardized documentation is not needed.

Required

  1. Discuss the risk potential related to Morgan Manufacturing’s program change procedures.
  2. Discuss the controls that would reduce the risks described above.

In: Economics

Using C#: Write a class named Employee that has the following properties: Name - The Name...

Using C#:

Write a class named Employee that has the following properties:

  • Name - The Name property holds the employee's name
  • IdNumber - The IdNumber property holds the employee's ID number
  • Department - The Department property holds the name of the department in which the employee works
  • Position - The Position property holds the employee's job title

The class should have the following overloaded constructors:

  • A constructor that accepts the following values as arguments and assigns them to the appropriate properties: employee's name, employee's ID number, department, and position
  • A constructor that accepts the following values as arguments and assigns them to the appropriate properties:employee's name and ID number. The Department and Position properties should be assigned an empty string (" ")
  • A parameterless constructor that assigns the empty string (" ") to the Name, Department, and Position properties, and 0 to the IdNumber property

In an application, create three Employee objects to hold the following data:

Name                         IdNumber                           Department                    Position

Susan Myers               47899                                 Accounting                     Vice President

Mark Jones                 39119                                 IT                                  Programmer

Joy Rogers                  81774                                 Manufacturing                Engineer

The application should store this data in the three objects and display the data for each employee on the screen.

In: Computer Science

Create a menu-based program that will allow the user to calculate the area for a few...

  • Create a menu-based program that will allow the user to calculate the area for a few different shapes: square, rectangle, parallelogram, and circle.
  • Refer to the Sample Output in this document to see what menu options you should use.
  • Create PI as a global constant variable.
  • Main Function
    • use do-while to repeat program until user chooses option 5
    • call the displayMenu function
    • get user choice & validate with while loop
    • depending on user’s choice, get the data required to calculate the area of the shape from the user and then call the appropriate function to calculate the area.

  • Write five programmer-defined functions.
    • displayMenu – should print out the menu options
    • areaSquare() – should accept the height of the square from the main function, calculate the area, and then print the area of the square.
    • areaRectangle() – should accept the height & width of the rectangle from the main function, calculate the area, and then print the area of the rectangle.
    • areaParallelogram() – should accept the base & height of the parallelogram from the main function, calculate the area, and then print the area of the parallelogram.

areaCircle() – should accept the radius of the circle from the main function, calculate the area, and then print the area of the circle.

In: Computer Science

Hey can you please answer this question in detail and explanation in your own word i...

Hey can you please answer this question in detail and explanation in your own word i need to post in discussion board

  1. You are working as a system analyst for a consulting firm contracted by a college to create a management system for its students. During the process you create a state transition diagram for an object called Students. What are the possible states of a student? And what happens to a student who stops attending the college for a time and then decides to return a some point in the future to continue his or her studies?
  2. Do you believe it is harder for experience analysts to learn UML and other object-oriented techniques, since they are accustomed to thinking about data and processes as separate OR do you believe analytical knowledge and experience are transferable and useful in the newer, object-oriented approach? What are the reasons for your conclusion?
  3. The text talks about system analysts and coders creating objects and code modules. Why do analysts and programmer utilize objects and code modules? What are the benefits and costs of this approach? Is the benefits worth the cost?

Be sure to give thought to each assigned question before posting.

In: Computer Science