(1) The foreign project has a life of three years. The initial investment on long-term capital is $60m.
(2) Annual revenue in each of the three years will be ¥ 6000m. Annual costs of goods sold will be ¥ 3000m.
(3) Japan: beta =1.2, Rf = 4%, Rm = 6%, Rd= 7%, 30% debt and 70% equity;
US: beta =2, Rf = 3%, Rm = 7%, Rd= 4%, 30% debt and 70% equity.
(4) Current spot rate: ¥100/$; Annual inflation rate in Japan is 3%; Annual inflation rate in the US is 2%.
(5) Corporate tax rate is 30%; straight-line depreciation method; investment in long-term capital fully depreciated over three years.
What is the after-tax cost of debt in Japan?
What is the cost of equity in the US?
What is the cost of capital in the US?
What is the exchange rate at the end of the third year in the life of the project?
What is the dollar cash flow occurring in the second year?
What is the NPV of the project from the parent’s viewpoint?
The parent (i.e., U.S.) firm should conclude that the project is good?
In: Finance
Create a form that has the following fields:
Create two arrays of objects, one for US States, one for Canadian Provinces. The object should contain Name and Abbreviation. You don’t need to do all the states or provinces, just a few to make sure your code works. (3 OF EACH)
When the user selects either US or Canada, populate the drop down using the array of object. The first, default option should be “Please Select State” or “Please Select Province” depending on the selected country.
On Submitting the form, validate all form fields. Validate the Postal Code according to the rules for the selected country… US or Canada. You should do JavaScript Validation even if you use HTML5 controls
Follow good practices for JavaScript
Use the appropriate form controls from all the available form controls – HTML and HTML5.
Make the form accessible by using labels.
THIS IS TO DONE USING HTML/HTML5 AND JAVASCRIPT
In: Computer Science
How far away is a star that has a parallax of 0.03 seconds of arc? 0.3 parsecs/333.3 parsecs/33.3 parsecs/3.3 parsecs
If you took a measuremnt for a stars position in March, using parallex when is the optimum month for the next measurement? Sept /Oct/ April/ any month
The nearest stars have been catalogued using parallax what is the range of the stars found in this catalogue? 4 to 100 parsecs/ 2 to 1000 parsecs/ 10 to 50 parsecs/ all stars out to 500 parsecs
Compared to close stars, the parallax angle is ________________ for more distant stars. Smaller/ larger/ the same as/ unrelated to distance of stars
Why are astronomers much more interested in the luminosity of a star than its apparent brightness? because the luminosity tells us how bright a star really is, while apparent brightness only tells us how bright it happens to look from Earth/because luminosity can be measured exactly, but apparent brightness can only be roughly estimated/because the luminosity also tells us what elements the star is made of, while apparent brightness cannot tell us a star's chemical make
In: Physics
Item 7
In the case below, the original source material is given along with a sample of student work. Determine the type of plagiarism by clicking the appropriate radio button.
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Original Source Material |
Student Version |
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There is a design methodology called rapid prototyping, which has been used successfully in software engineering. Given similarities between software design and instructional design, we argue that rapid prototyping is a viable method for instructional design, especially for computer-based instruction. References: |
Rapid prototyping could be an advantageous methodology for developing innovative computer-based instruction (Tripp & Bichelmeyer, 1990). References: |
Which of the following is true for the Student Version above?
Word-for-Word plagiarism
Paraphrasing plagiarism
This is not plagiarism
Hints
Item 8
In the case below, the original source material is given along with a sample of student work. Determine the type of plagiarism by clicking the appropriate radio button.
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Original Source Material |
Student Version |
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The philosophical position known as constructivism views knowledge as a human construction. The various perspectives within constructivism are based on the premise that knowledge is not part of an objective, external reality that is separate from the individual. Instead, human knowledge, whether the bodies of content in public disciplines (such as mathematics or sociology) or knowledge of the individual learner, is a human construction. References: |
The philosophical position known as constructivism views knowledge as a human construction. The various perspectives within constructivism are based on the premise that knowledge is not part of an objective, external reality that is separate from the individual. Instead, human knowledge is a human construction. |
Which of the following is true for the Student Version above?
Word-for-Word plagiarism
Paraphrasing plagiarism
This is not plagiarism
Hints
Item 9
In the case below, the original source material is given along with a sample of student work. Determine the type of plagiarism by clicking the appropriate radio button.
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Original Source Material |
Student Version |
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Merck, in fact, epitomizes the ideological nature--the pragmatic idealism--of highly visionary companies. Our research showed that a fundamental element in the "ticking clock" of a visionary company is a core ideology--core values and a sense of purpose beyond just making money--that guides and inspires people throughout the organization and remains relatively fixed for long periods of time. References: |
While some have identified Merck as a visionary company dedicated to a "core values and a sense of purpose beyond just making money" (Collins & Porras, 2002, p. 48), others point out corporate misdeeds perpetrated by Merck (e.g., its role in establishing a dubious medical journal that republished articles favorable to Merck products) as contradictory evidence. References: |
Which of the following is true for the Student Version above?
Word-for-Word plagiarism
Paraphrasing plagiarism
This is not plagiarism
Hints
Item 10
In the case below, the original source material is given along with a sample of student work. Determine the type of plagiarism by clicking the appropriate radio button.
|
Original Source Material |
Student Version |
|
The philosophical position known as constructivism views knowledge as a human construction. The various perspectives within constructivism are based on the premise that knowledge is not part of an objective, external reality that is separate from the individual. Instead, human knowledge, whether the bodies of content in public disciplines (such as mathematics or sociology) or knowledge of the individual learner; is a human construction. References: |
"The philosophical position known as constructivism views knowledge as a human construction. The various perspectives within constructivism are based on the premise that knowledge is not part of an objective, external reality that is separate from the individual. Instead, human knowledge is a human construction" (p. 29). |
Which of the following is true for the Student Version above?
Word-for-Word plagiarism
Paraphrasing plagiarism
This is not plagiarism
In: Psychology
Two independent ice cream vendors own stands at either end of a 2 mile long beach. Everyday there are 200 beach-goers who come to the beach and distribute themselves uniformly along the water. Every beach-goer one wants exactly one ice cream during the day, and values the ice cream from both stands at $5. All of the beach-goers would rather be sunbathing or in the water, so they have a disutility to walking on the beach of $1 per mile.
Early’s Ice Cream, the firm at location 0, is an early riser and always posts his price first. Cali Creamery, at location 2, is more laid back and posts her price just before the beach opens (the beach requires all prices be posted by the time the beach opens). Both firms have a marginal cost of zero.
1. Each individual is also referenced by a location x on the beach between 0 and 2. What are the utilities of purchasing from Early’s and Cali for the person at location .75, given that Early’s names price pe and Cali names price pc? What are the utilities for each individual as a function of their location on the beach, x?
2. What is the demand for Early’s Ice Cream and Cali Creamery given the firms name prices pe and pc?
3. What is Cali Creamery’s best response function when Early’s posts a price of pe?
4. What is the Stackleberg equilibrium outcome for this market? Report prices, quantities, and profits for each firm.
5. Early’s owner feels that his hard work is not paying off, he hires you as a business consultant. He’s annoyed that Cali is always undercutting his price and is considering waiting to post so that Cali will not learn his price before naming her own. He wants you to predict how waiting to post his price will affect his profits. What will Early’s profits be under this new regime? What advice do you give him?
In: Economics
Consider three choices A, B, C. Choice A gives $30 with
probability 1/2 and $70 with probability 1/2. Choice B gives $50
with certainty. Choice C gives $40 with probability 1/2 and $70
with probability 1/2.
(a) [2 points] For a risk averse individual, determine if the
individual (i) prefers A over B, or
(ii) prefers B over A, or (iii) more information on the
individual's risk attitude is needed to compare A,B for the
individual.
(b) [4 points] Carry out the same comparison as in (a) between
choices (A,C) and (B,C) for a risk averse individual.
(c) [3 points] How do the conclusions in (a)-(b) change when the
individual is risk neutral instead of risk averse?
In: Economics
4. Debt (or leverage) management ratios
Companies have the opportunity to use varying amounts of different sources of financing to acquire their assets, including internal and external sources, and debt (borrowed) and equity funds.
1. Which of the following is considered a financially leveraged firm?
a. A company that uses debt to finance some of its assets
b. A company that uses only equity to finance its assets
2. Which of the following is true about the leveraging effect?
a. Interest on debt is a tax deductible expense, which means that it can reduce a firm’s taxable income and tax obligation.
b. Interest on debt can be deducted from pre-tax income, resulting in a greater taxable income and a smaller available operating income.
Red Snail Satellite Company has a total asset turnover ratio of 3.50x, net annual sales of $25 million, and operating expenses of $11.25 million (including depreciation and amortization). On its current balance sheet and income statement, respectively, it reported total debt of $2.5 million, on which it pays 7% interest on its outstanding debt.
To analyze a company’s financial leverage situation, you need to measure the firm’s debt management ratios. Based on the preceding information, what are the values for Red Snail Satellite’s debt management ratios? (Note: Do not round intermediate calculations.)
RatioValueDebt ratioTimes-interest-earned ratio
Red Snail Satellite Company raises around from creditors for each dollar of equity.
Influenced by a firm’s ability to make interest payments and pay back its debt, if all else is equal, creditors would prefer to give loans to companies with ____ (low or high) debt ratios.
In: Finance
Best Buy ranks number 72 on the Fortune 500; it is the largest consumer electronics retailer in the world. Best known for its discounted high-quality products, customer centered approach, sustainable outreach, and extensive recycling program. Best Buy is listed as a “socially responsible” company. It was founded by Richard Schulze in 1966. Since then the company has undergone many changes.
College students, who wanted higher-end electronics, were the first customers they targeted. In 2000, when sales growth slowed, Best Buy acquired Geek Squad, a repair service. This acquisition led to their Concept 5 stores, where products are sold, and customers taught how to use them. This improved service turnaround time and increased customer satisfaction. By 2009, the company became the primary online and brick-and-mortar provider of consumer electronics.
Best Buy views itself as a customer-centered organization. The company uses www.BestBuy.com to learn more about its customer needs and preferences. Customers can use that website to rate every product purchased. In 2007, the Company published its first Corporate Social Responsibility Report (SR) as result of the customers concern for sustainability. Electronic waste was filling landfills, and their customers wanted to see this problem addressed. In response to their concerns, Best Buy implemented a wide-scale electronics recycling program. In 2009 Best Buy set a goal to reduce carbon emissions by 45%; by the end of 2016 they had reached nearly 47%.
Today Best Buy employs a Chief Ethics Office and maintains a blog for company employees; it covers ethical lapses and related issues. Employees can visit the website and read about the company policy regarding ethically questionable behaviors and learn tips on how to best defend themselves from crossing ethical boundaries. Hubert Joly was appointed CEO in 2012 after a scandal forced out CEO, Brian Dunn and Chairman, Richard Schulz.
Under Joly, Best Buy, once again, became a growth company. He implemented its “Renew Blue” strategy, adding new product lines and services and emphasizing both in-store and online customer opportunities. Its Geek Squad division began an in-store, online, and home advisory program. He expanded into both Canadian and Mexican markets. Operations in China and Europe were closed to reduce costs, and he closed some domestic stores, under his lean management mandate.
To improve customer service, the “Geek Squad hours were expanded to provide 24-hour service on site, at home, or through the Internet. The tech experts make about 4 million home calls a year. Walmart and Amazon their biggest competitors do not offer comparable at-home services. In March 2017, “Renew Blue” was officially closed by Joly and pronounced a success.
In 2017, Joly announced the company will implement “Best Buy 2020 - Building the New Blue.” Best Buy began a try-before-you-buy program which allows the customer to rent gadgets such as audio equipment, fitness trackers, smartwatches, and cameras. If the customer decides to keep the product, 20% of the rental fee is deducted and applied to the final cost of the product.
Best Buy will continue demonstrating new technology solutions, contracts and services and sustainability . The company plans to enhance their smart home areas in all stores, roll out its Best Buy Smart Home Powered by Vivint home automation and security offering to 450 stores, which will add 1,500 dedicated smart home employees. The “Geek Squad” expanded services will include “Smart Home ‘Total Tech Services, which will service every electronic product in your home no matter where the product was purchased and create a totally integrated technology system for your home.
Another service Best Buy will provide is the Smart Home Senior Care Services,” which is considered an “untapped white space opportunity.” The electronic “Assured Living” system will allow millennials /caregivers to look in on their aging parents while permitting the seniors to live independently. Mr. Joly envisions rolling out a broader business of sensor-based senior services, sold through health-and-wellness departments in Best Buy’s more than 1,000 stores. With an aging population in the U.S., there will be 70 million people who will be seniors in 2027. Best Buy sees this growth opportunity and will use the Smart Home Business and its ability to get into people’s home as a trusted adviser.
Question:
How does Best Buy deal with ethically questionable behaviors, in short essay form
In: Finance
Read the following case-lets and answer the questions
Ms Meera has received a gift from her father of Rs 2,00,000 on her
25th birthday and wishes to invest in stocks. She wants to start
with creating a Two-asset portfolio. She has approached you her
good friend whom she trusts to provide her guidance regarding how
to create a Two-asset portfolio.
You being a fresh MBA graduate from premium B-school are looking
forward to conduct a research on the securities to be included in
the 2-Asset portfolio and give her an informed advice. From your
research you identify 2 securities- namely S1 and S2 and have
gathered the following data about them.
Particulars S1 S2 Expected Return 15% 20% Std deviation 12% 16%
Coefficient of correlation (r) between S1 and S2 = 0.15. After her
giving her this basic information; Meera wants to know if she goes
for following different combinations of portfolios
1. All funds are invested either only in S1 or S2
2. 75% of funds in S1 and 25% in S2 3. 25% of funds in S1 and 75%
in S2 4. 50% of funds in each S1 and S2
What would be the expected return and risk associated under
different portfolios?
Which portfolio is best for her from point of risk and which
portfolio is best from point of view of return?
In: Finance
Jack Hammer Company completed the following transactions. The annual accounting period ends December 31.
| Apr. | 30 | Received $705,000 from Commerce Bank after signing a 12-month, 7 percent, promissory note. | ||
| June | 6 | Purchased merchandise on account at a cost of $82,000. (Assume a perpetual inventory system.) | ||
| July | 15 | Paid for the June 6 purchase. | ||
| Aug. | 31 | Signed a contract to provide security service to a small apartment complex starting in September, and collected six months’ fees in advance amounting to $28,200. | ||
| Dec. | 31 | Determined salary and wages of $47,000 were earned but not yet paid as of December 31 (ignore payroll taxes). | ||
| Dec. | 31 | Adjusted the accounts at year-end, relating to interest. | ||
| Dec. | 31 | Adjusted the accounts at year-end, relating to security service. |
Required:
1. & 2. Prepare journal entries for each of the transactions through August 31 and adjusting entries required on December 31.
3. Show how all of the liabilities arising from these items are reported on the balance sheet at December 31.
In: Accounting