From an Australian perceptive, how would you brief your staff who is going to be negotiating with Japan, Thailand and Singapore, what would you put into an information session for your staff regarding the information needed to know about how to negotiate with someone from Japan, Thailand and Singapore? Taking into consideration their culture and custom.

From an Australian perceptive, how would you brief your staff who is going to be communicating with Japan, Thailand and Singapore, what would you put into an information session for your staff regarding the information needed to know about how to communicate with someone from Japan, Thailand and Singapore? Taking into consideration their culture and custom.

Suppose that you’re comparing two companies in the same industry that are the same in every way except their profitability.

Company A    Company B

Shareholder’s Equity              $100m                                  $100m

Invested Capital                       $100m                                  $100m

Return On Equity                           12%                                 4%

Cost of Equity                                  8%                                 8%

1. Begin with a simple comparison:

Value each of these companies assuming that the ROEs provided above are sustainable,
and that both companies have a sustainable growth rate = 0%.

1. What is the value of Company A using these assumptions?

2. What is the value of Company B using these assumptions?

3. Explain why one of these companies appears to be so much more valuable than the others.

2. Now explore how each of these companies would be affected by growth:

Value each of these companies assuming that the ROEs provided above are sustainable,
and that both companies have a sustainable growth rate = 5%.

1. What is the value of Company A using these assumptions?

2. What is the value of Company B using these assumptions?

3. What does this tell us about which of these companies should be reinvesting its
   cash flow in order to grow?
   

International Finance

A)     Using the currency tables provided in the International Finance Handout (page 9) in Canvas for July 4, 2014 (Friday’s reported price), convert $100,000 to Indian Rupees. You can choose to use either US $ Equivalent or Currency per US $

B)      Using the currency tables provided in the international Finance Handout (pages 8 and 9) in Canvas for June 6th, 2014 and July 4th, 2014 (Friday’s reported price for each), identify whether the US dollar got stronger or weaker relative to the European euro during this time period.

C)      Using the currency tables provided in the International Finance Handout (page 9) in Canvas for July 4th, 2014 (Friday’s reported price), calculate the Russian Ruble/Turkish Lira exchange rate (hint – rubles should be in the numerator).

Cost Of Capital

A)     Explain why debt is typically the cheapest source of financing for the firm and common stock the most expensive (hint – there are two reasons why debt is the cheapest…you should mention them both). Note that the word “Explain” is not the same as “list” – to get full credit

B)      Given the statement in A (debt is typically the cheapest source of financing for the firm and common stock the most expensive), firms that want to minimize their cost of capital should get 99% of their total financing from debt and only 1% from common stock. True or False and explain.

Perform a chi-square test to look at the relationship between region of the country (REGION) and financial comfort (FCOMFORT). Using alpha = .05, what would you conclude from your test:

a. Financial comfort differs depending on the area one lives in.
b. People living in less expensive areas are more likely to report that they are financially comfortable.
c. There is not a significant relationship between region and financial comfort.

d. People living in the northeast region are most likely to report that they are financially struggling.

From SPSS

• • The risk-free rate in the US is 5% and the UK risk-free rate is 8%. The spot quote is $1.80/£ while the one year forward quote is $1.78/£. You can borrow either $1,000,000 or £555,556. According to IRP, is the forward quote correct? If not, what should it be?

If the forward quote is not correct, lay out the steps to implement an arbitrage.

• The annualized US risk-free rate is 8% and the Germany risk-free rate is 5%. Assume that any period rates less than a year can be interpolated (i.e. if you invested for 6 months then you would receive 4% in the US). The spot quote is €0.80/$ while the 3-month forward quote is €0.7994/$. You can borrow either $1,000,000 or €800,000. According to IRP, is the forward quote correct? If not, what should it be?

If the forward quote is not correct, lay out the steps to implement an arbitrage.

• A trader believes that the euro will appreciate versus the pound. Currently, the spot is €1.2/£ and the forward is €1.3/£. Lay out the steps that the trader would implement if she wants to potentially profit (using forwards) from her view.

What if spot finished at £0.8696/€

What if spot finished at £0.7143/€

• Below are quotes from JPMorgan
• Bid - Ask
• €/$ 0.8- 0.85
• £/$ 0.7- 0.75
• £/$

Calculate the £/€ quote. Explain what each trading desk at JPMorgan is doing so that the bank can arrive at that quote

PLEASE ANSWER THE QUESTIONS BELOW according to international accounting

Question 1,2,3,4,12,13 should be prepared in writing

1. Discuss four stages of financial statement analysis. Why at each step is analysis in a cross-border context more difficult than in a single-country?

2. Discuss special issues that you think important in analyzing financial statements of foreign companies.

3. Discuss possible adjustable and non-adjustable differences in international financial statement analysis.

4. How will you make general assessment of a countries accounting quality?

5. Discuss general structure of form 10k and 20f.

6. Discuss purpose & general structure of each of the main financial statements.

7. Discuss commonly used financial ratios & their interpretation.

8. Discuss earnings quality and factors that could reduce earnings quality.

9. Discuss the differences betw. NI & CFO. Why a growing difference is considered

   as a red flag for poor accounting quality?

10. Discuss the meaning of free cash flow.

11. What are the most frequently disclosed types of material differences between US

    GAAP and foreign GAAP in the form 20f reconciliation. Is US GAAP income

    usually larger or smaller than net income reported in home country GAAP? Why?

12. Discuss the adjustment procedures from Japan GAAP to US GAAP for the

    Financial Statements of Nisson Corporation.

13. Discuss the adjustment procedures from the pooling to purchase accounting

    method for Star and Paterson financial statement.

The following are the trial balance and the other information related to Bruce Sheffield, who operates a construction hauling business.

Sheffield withdrew $14,000 cash for personal use during the year.

1-From the trial balance and other information given, prepare annual adjusting entries as of December 31, 2020.

2-Prepare an income statement for 2020.

3-Prepare a statement of owner’s equity for 2020.

4-Prepare a classified balance sheet for 2020.

In a study of 1910 schoolchildren in Australia, 1050 children indicated that they normally watch TV before school in the morning. (Interestingly, only 35% of the parents said their children watched TV before school!)

(a)

Construct a 95% confidence interval for the true proportion of Australian children who say they watch TV before school. (Round your answers to three decimal places.)

(_____,________)
What assumption about the sample must be true for the method used to construct the interval to be valid?(b)

The 1910 schoolchildren used in the study formed a random sample from the population of children in Australia who normally watch TV before school in the morning.

The 1050 children who indicated that they normally watch TV before school in the morning formed a random sample from the population of schoolchildren in Australia.    

The 1910 schoolchildren used in the study formed a random sample from the population of schoolchildren in Australia.

The 1050 children who indicated that they normally watch TV before school in the morning formed a random sample from the population of children in Australia who normally watch TV before school in the morning.