Questions
There are various methods which organizations can use to acquire a new system. Some of these...

There are various methods which organizations can use to acquire a new system. Some of these include: outsourcing, off-the-shelf software and in-house development. Select two of these three methods to acquire software and discuss the advantages and disadvantages of each. Which do you believe is the preferred method of systems acquisition

In: Computer Science

. What is public relations advertising and how is it different from commercial, sales-oriented advertising? Thoroughly...

. What is public relations advertising and how is it different from commercial, sales-oriented advertising? Thoroughly explain and give examples of the three primary categories of PR advertising we discussed in class. Next, assume you are PR director for a corporation such as General Motors or IBM. How would you use PR advertising to support the goals of your organization?

In: Operations Management

You are given the following information concerning two stocks that make up an index.   Price per...

You are given the following information concerning two stocks that make up an index.  

Price per Share
Shares Outstanding Beginning of Year End of Year
Kirk, Inc. 38,000 $ 46 $ 51
Picard Co. 34,000 76 82

a. Assume that you want to build a price-weighted index including the two stocks. Please calculate the beginning index and the end index.  (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

Beginning Index:

End Index:

b. What is the return for the price-weighted index? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

Index Return: %

c. Assume that you want to rebuild a value-weighted index with the index value at the beginning of the year equal to 100. What is the index level at the end of the year? (Do not round intermediate calculations. Round your answer to 2 decimal places.

Index Level at the end:

d. What is the return of the value-weighted index? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

Index Return: %

e. Assume the value-weighted index has been existing for 10 years and the index level happened to be 311.05 at the beginning of the year. What is the index level at the end of the year? (Do not round intermediate calculations. Round your answer to 2 decimal places.

Index Level at the end:

f. What is the return of this existing value-weighted index? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

Index Return: %

In: Finance

Constant Growth Stock Valuation Investors require a 17% rate of return on Brooks Sisters' stock (rs...

Constant Growth Stock Valuation

Investors require a 17% rate of return on Brooks Sisters' stock (rs = 17%).

  1. What would the value of Brooks' stock be if the previous dividend was D0 = $1 and if investors expect dividends to grow at a constant compound annual rate of (1) - 5%, (2) 0%, (3) 5%, or (4) 11%? Round your answers to the nearest cent.
    1. $  
    2. $  
    3. $  
    4. $  
  2. Using data from part a, calculate the Gordon (constant growth) model's value for Brooks Sisters' stock if the required rate of return is 17% and the expected growth rate is (1) 17% or (2) 19%? Are these reasonable results? Explain.
    1. -Select-Yes, it is reasonable result.No, it is not reasonable result, because in this case the value of stock is undefined.No, it is not reasonable result, because in this case the value of stock is negative, which is nonsense.Item 5
    2. -Select-Yes, it is reasonable result.No, it is not reasonable result, because in this case the value of stock is undefined.No, it is not reasonable result, because in this case the value of stock is negative, which is nonsense.Item 6
  3. Is it reasonable to expect that a constant growth stock would have g > rs?
    -Select-YesNo

In: Finance

You buy a share of The Ludwig Corporation stock for $24.00. You expect it to pay...

You buy a share of The Ludwig Corporation stock for $24.00. You expect it to pay dividends of $1.06, $1.14, and $1.2260 in Years 1, 2, and 3, respectively, and you expect to sell it at a price of $31.51 at the end of 3 years.

  1. Calculate the growth rate in dividends. Round your answer to two decimal places.
    %
  2. Calculate the expected dividend yield. Round your answer to two decimal places.
    %
  3. Assuming that the calculated growth rate is expected to continue, you can add the dividend yield to the expected growth rate to obtain the expected total rate of return. What is this stock's expected total rate of return? Round your answer to two decimal places.
    %

In: Finance

Discuss the DMAIC methodology of six sigma. provide relevant examples of each phase

Discuss the DMAIC methodology of six sigma. provide relevant examples of each phase

In: Operations Management

Identify a scientific article where the researchers have implemented an operational definition of ‘anxiety’. Do you...

Identify a scientific article where the researchers have implemented an operational definition of ‘anxiety’. Do you think that they did a good job? What would you change in their operational definition?

In: Psychology

As a media buyer working on behalf of a large toy company, it is your job...

As a media buyer working on behalf of a large toy company, it is your job to buy media space for the launch of the KissKiss doll, which all advertising research shows will be a tremendous profit maker for the Cooper-Fitts Toy Company. Create a plan for a year’s advertising (Jan.-Dec.) for KissKiss. Explain your decisions about the types of media involved, when to use which types, and for how long each type should run. Make assumptions as needed.

In: Operations Management

List and define the factors that contribute to perceptual differences and the perceptual process among people...

List and define the factors that contribute to perceptual differences and the perceptual process among people at work.

In: Operations Management

You’re a physician in a practice group that became involved with PhyCor, Inc. Your group eliminated...

You’re a physician in a practice group that became involved with PhyCor, Inc. Your group eliminated its entire management structure when PhyCor took over. Now, with PhyCor collapsing, you are being offered repurchase of your assets from PhyCor. What strategic planning steps do you propose to your group for going forward and selecting among options such as dissolving the group, purchasing the assets and finding another management firm, purchasing the assets and establishing in-house management, or other alternatives?

"Physician Practice Management Companies and PhyCor, Inc. Physician practice management (PPM) fi rms grew very rapidly in the late 1980s and early 1990s. PPMs promised to infuse physician practices with needed capital and provide signifi cant cost savings and increased revenues through economies of scale and improved management. They also promised to allow physicians to negotiate better contracts with the emerging HMOs and PPOs. However, by the end of the century, all of the major PPMs had gone out of business or signifi cantly downsized, with their valuations a tiny fraction of prior capitalization. Some, such as MedPartners, declared bankruptcy. Others saw their valuation plummet to almost nothing. What went wrong? This case examines the history of PPMs and the story of PhyCor, one of the prominent players.PPMs were created in response to the lack of retained earnings and marginal management that existed in many physician practices and the growth of HMOs and PPOs. As a result of increased managed care, physician organizations/medical groups experienced increased costs and lower net revenues. HMOs and PPOs also demanded large discounts from physicians. Capital was also needed to buy out senior partners, install information systems, and change their structures and governance. PPMs with signifi cant venture and Wall Street capital backing purchased prestigious medical groups, consolidated independent practices, and acquired staff clinics being divested by HMOs. Consolidation of PPMs left three large companies by the early 1990s.315Many of the physician practices signed 30- to 40-year management services contracts with the PPMs. These most often specifi ed that physicians would receive a split of revenues after payment of clinic expenses. The lower cost of capital, centralized purchasing, and greater bargaining leverage with insurer organizations were to lower costs and increase revenues.Phycor, Inc., incorporated in 1988, became by 1995 a medical network management company that managed multispecialty medical clinics and other physician organizations, provided contract management services to physician networks owned by health systems, and developed and managed independent practice associations (IPAs).1 The company also provided health care decision-support services, including demand management and disease management services, to managed care organizations, health care providers, employers, and other group associations."

In: Operations Management

Suppose you have been hired as a financial consultant to Defense Electronics, Inc. (DEI), a large,...

Suppose you have been hired as a financial consultant to Defense Electronics, Inc. (DEI), a large, publicly traded firm that is the market share leader in radar detection systems (RDSs). The company is looking at setting up a manufacturing plant overseas to produce a new line of RDSs. This will be a five-year project. The company bought some land three years ago for $4.6 million in anticipation of using it as a toxic dump site for waste chemicals, but it built a piping system to safely discard the chemicals instead. The land was appraised last week for $7.7 million on an aftertax basis. In five years, the aftertax value of the land will be $8.1 million, but the company expects to keep the land for a future project. The company wants to build its new manufacturing plant on this land; the plant and equipment will cost $29.8 million to build. The following market data on DEI’s securities are current:

  Debt:

185,000 bonds with a coupon rate of 7.7 percent outstanding, 25 years to maturity, selling for 107 percent of par; the bonds have a $2,000 par value each and make semiannual payments.

  Common stock:

11,200,000 shares outstanding, selling for $78.20 per share; the beta is 1.25.

  Preferred stock:

550,000 shares of 5.5 percent preferred stock outstanding, selling for $87.25 per share. The par value is $100.

Market:

6.3 percent expected market risk premium; 4.6 percent risk-free rate.

DEI uses G.M. Wharton as its lead underwriter. Wharton charges DEI spreads of 7 percent on new common stock issues, 4.5 percent on new preferred stock issues, and 2.5 percent on new debt issues. Wharton has included all direct and indirect issuance costs (along with its profit) in setting these spreads. Wharton has recommended to DEI that it raise the funds needed to build the plant by issuing new shares of common stock. DEI’s tax rate is 24 percent. The project requires $1,900,000 in initial net working capital investment to get operational. Assume DEI raises all equity for new projects externally and that the NWC does not require floatation costs..

a.

Calculate the project’s initial Time 0 cash flow, taking into account all side effects. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole dollar amount, e.g., 1,234,567.)

b. The new RDS project is somewhat riskier than a typical project for DEI, primarily because the plant is being located overseas. Management has told you to use an adjustment factor of +2.5 percent to account for this increased riskiness. Calculate the appropriate discount rate to use when evaluating DEI’s project. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
c. The manufacturing plant has an eight-year tax life, and DEI uses straight-line depreciation to a zero salvage value. At the end of the project (that is, the end of Year 5), the plant and equipment can be scrapped for $6.9 million. What is the aftertax salvage value of this plant and equipment? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole dollar amount, e.g., 1,234,567.)
d. The company will incur $9,200,000 in annual fixed costs. The plan is to manufacture 21,250 RDSs per year and sell them at $11,240 per machine; the variable production costs are $10,125 per RDS. What is the annual operating cash flow (OCF) from this project? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole dollar amount, e.g., 1,234,567.)
e. DEI’s comptroller is primarily interested in the impact of DEI’s investments on the bottom line of reported accounting statements. What will you tell her is the accounting break-even quantity of RDSs sold for this project? (Do not round intermediate calculations and round your answer to nearest whole number, e.g., 32.)
f.

Finally, DEI’s president wants you to throw all your calculations, assumptions, and everything else into the report for the chief financial officer; all he wants to know is what the RDS project’s internal rate of return (IRR) and net present value (NPV) are. (Do not round intermediate calculations. Enter your NPV in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89. Enter your IRR as a percent rounded to 2 decimal places, e.g., 32.16.)


    

In: Finance

Income Statement 2008 2009 Total Market (lawns professionally treated)                          45,000    &nbs

Income Statement 2008 2009
Total Market (lawns professionally treated)                          45,000                     43,000
LR Lawns Treated (unit volume)                          11,000                     12,000
Sales Revenue $                  860,000 $             885,000
Memo: Market Share 24% 28%
Memo: Avg. Revenue/Lawn $                               78 $                          74
Less: Variable Cost of Sales Revenue
Chemicals $                  115,000 $             125,000
1099 Workers * $                  175,000 $             182,000
  Truck Running Costs $                     40,000 $                40,000
Total Cost of Sales Revenue $                  330,000 $             347,000
= Gross Profit Margin $                  530,000 $             538,000
Memo: Gross Profit Margin % 38% 39%
Less: Overhead (Other Operating) Expenses:
Salaried Employees $                  190,000 $             180,000
Office and Warehouse rent $                     90,000 $                90,000
Depreciation of Trucks $                     30,000 $                40,000
Advertising $                     30,000 $                40,000
Total Overhead Expenses $                  340,000 $             350,000
= EBIT (net operating income) $                  190,000 $             188,000
less: Interest Expense $                     23,000 $                35,000
= Pretax Income (profit) $                  167,000 $             153,000
less: Income taxes $                     40,000 $                35,000
= Net Income (profit) $                  127,000 $             118,000
Memo: Profit Margin % 15% 13%
Balance Sheet
Cash $                        5,000 $                   5,000
Accounts Receivable $                     25,000 $                40,000
Inventories $                        8,000 $                   9,000
= Current Assets $                     38,000 $                54,000
Fixed Assets $                  500,000 $             550,000
- Accumulated Depreciation $                     80,000 $             120,000
= Net Fixed Assets $                  420,000 $             430,000
Total Assets $                  458,000 $             484,000
Accounts Payable $                        8,000 $                20,000
Bank Loans $                  275,000 $             300,000
= Total Liabilities $                  283,000 $             320,000
Common Stock (Invested capital) $                  100,000 $             100,000
Retained Earnings $                     75,000 $                64,000
Total Liabilities and Owner's Equity $                  458,000 $             484,000
* Workers are paid based upon the number of lawns treated (not hourly).

Please calculate the following for 2009:

a)   Return on Assets:
b)   Current Ratio:
c)   Debt/Equity Ratio:
d)   Cash flow from Operations:
e)   Cash flow from Investing Activities:
f)   Cash Flow from Financing Activities:
g)   Net Change in Cash for the year:

In: Finance

In your initial post, briefly research career opportunities that require knowledge or experience with managerial accounting....

In your initial post, briefly research career opportunities that require knowledge or experience with managerial accounting. List at least two potential positions (including a link to the job posting or job description) that you personally found to be interesting or surprising, and explain why they were noteworthy to you.

In: Accounting

Calculate the Area and Perimeter for shapes using functions in Python. Your goal is to match...

Calculate the Area and Perimeter for shapes using functions in Python.

Your goal is to match the sample output below:

Welcome to my area and perimeter calculator
======================================================
Circle   : area = 39.82, perimeter = 22.37
Square   : area = 85.19, perimeter = 36.92
Rectangle: area = 41.24, perimeter = 34.24
Triangle : area = 21.16

Here is the code to use for your program (Note you may have to type this code into Trinket directly)

import math

# Add your code here

# TODO -> Add welcome function here

# TODO -> Add circle area function here

# TODO -> Add circle perimeter function here

# TODO -> Add square area function here

# TODO -> Add Square perimeter function here

# TODO -> Add rectangle area function here

# TODO -> Add rectangle perimeter function here

# TODO -> Add triangle area function here

# =====================================================================

# Main Code - DO NOT EDIT ANYTHING BELOW.  Add your functions above

displayWelcome()


radius = 3.56

area = calcAreaCircle(radius)

perimeter = calcPerimeterCircle(radius)

print('Circle   : area = {0:.2f}, perimeter = {1:.2f}'.format(area, perimeter))


side = 9.23

area = calcAreaSquare(side)

perimeter = calcPerimeterSquare(side)

print('Square   : area = {0:.2f}, perimeter = {1:.2f}'.format(area, perimeter))


width = 2.9

height = 14.22

area = calcAreaRect(width, height)

perimeter = calcPerimeterRect(width, height)

print('Rectangle: area = {0:.2f}, perimeter = {1:.2f}'.format(area, perimeter))


base = 7.97

height = 5.31

area = calcAreaTriangle(base, height)

print('Triangle : area = {0:.2f}'.format(area))

In: Computer Science

Open two windows in Ubuntu, and list the content of the /dev/fd folder. Can you explain...

Open two windows in Ubuntu, and list the content of the /dev/fd folder. Can you explain the difference observed from the two windows? The name /dev/fd is actually a symbolic link to /proc/self/fd. The name self is also a symbolic link pointing to a number, which is the process ID of the current process. Therefore, the number pointed to by self is different if viewing from different windows.

In: Computer Science