Shanken Corp. issued a 30 -year, 6 percent semiannual bond 4 years ago. The bond currently sells 95 percent of its face value. The book value of the debt issue $45 million. In addition the company has a second debt issue on the market, a zero coupon bond with 15 years left to maturity; the book value of this issue is 50 million and the bonds sell 54 percent of par. The company's tax rate is 40 percent. What is the company's total book value of debt? What is the company's total market value of debt? What is your best estimate of the aftertax cost of debt?
In: Finance
Write a method named minimumValue, which returns the smallest value in an array that is passed (in) as an argument. The method must use Recursion to find the smallest value. Demonstrate the method in a full program, which does not have to be too long regarding the entire code (i.e. program). Write (paste) the Java code in this word file (.docx) that is provided. (You can use additional pages if needed, and make sure your name is on every page in this word doc.) Use the following array to test the method: int[] seriesArray = {-5, -10, +1999, +99, +100, +3, 0, +9, +300, -200, +1, -300} Make sure that the seriesArray only tests for values, which are positive, given your recursive method.
In: Computer Science
HUAWEI’S INTERNATIONALIZATION STRATEGY
INTRODUCTION
In October 2016, Shenzhen-based networking and telecommunications equipment and services company Huawei Technologies Ltd. (Huawei) unveiled its 14-port and 3-D Hexa-beam antennas to address the challenges associated with the 4.5G and 5G era at the 5th Annual Global Antenna and Active Antenna Unit Forum held in Paris. Commenting on the launch, Zhang Jiayi, president of Huawei’s antenna business unit, said, “Huawei focuses on satisfying the requirements of operators in the MBB (mobile broadband) era.”
Founded in 1987 in Shenzhen by Ren Zhengfei (Ren), a former military engineer in the People’s Liberation Army (PLA) – the unified organization of the armed forces of China, Huawei started as a sales agent for a Hong Kong-based company selling private branch exchange (PBX) switches. Soon, the company innovated and started selling its own PBX switches. Having established its domination over the Chinese telecommunications market, the company entered the global markets of Russia and Africa in 1996 and later mature The origin of Huawei Technologies Ltd. (Huawei) dated back to 1987 when Ren Zhengfei (Ren), a former military engineer in the People’s Liberation Army (PLA), founded the company in Shenzhen with the aim of making it the backbone of China’s communications industry.
The company started as a sales agent for a Hong Kong company selling private branch exchange (PBX) switches with an initial investment of US$ 3400. By 1990, it had acquired enough resources to open its first research laboratory. In the same year, i.e. 1990, the company made its own PBX and started selling the switches to hotel networks at prices lower than those of imported devices
HUAWEI’S INTERNATIONALIZATION STRATEGY
In the mid-1990s, the Chinese domestic telecommunications networking equipment market was dominated by giant international telecom equipment companies. Their dominance led to Huawei having a relatively weaker position in China. Ren believed that the Chinese telecommunications market was the largest and among the most open markets in the world attracting global telecommunication giants to the country. As a result, he felt, “The best food has all been eaten up by the global giants and what we can do is to have those leftovers.” This prompted Huawei to consider entering international markets. Commenting on its international expansion, Ren, said, “We were forced to go into the international market for our very survival.”
CHALLENGES IN THE GLOBAL TELECOM MARKETS
Though Huawei achieved huge success in several global markets, the US was a different story altogether. Despite bidding several times since the company first entered America, Huawei failed to win a single big contract from top-tier carriers such as AT&T, T-Mobile, and Verizon. The US telecom companies had had long relationships with home-grown suppliers such as Lucent, Motorola, and Cisco. Moreover, the US telecom majors felt that while the telecom equipment manufactured by Huawei was fine for emerging markets, it was not reliable or suitable for the 24/7 service required by networks in the US. Though by 2011, Huawei had developed some of the most innovative and fastest equipment in the telecom industry, it continued to face resistance in the US.
THE CHALLENGES CONTINUE...
While Huawei was making several efforts to crack the global telecom markets, in July 2015, Malcolm Turnbull, Communications Minister, Australia, stated that amidst security threats, telecom companies in Australia had been barred from using equipment from Huawei and ZTE. This meant that Huawei would lose its existing business in Australia since it provided equipment for consumer devices and backend networks for Vodafone and Optus. There could also be more trouble in store for Huawei with the Pentagon and the US military announcing plans in October 2015 to ban the use of Huawei equipment.....
LOOKING AHEAD
In November 2016, when the US telecom market announced its plans to build the nation’s 5G wireless network, Huawei was also gearing up to roll out its 5G wireless network by 2020. Though Huawei had earlier stated that it had given up on the US market, Ren hinted that the company had not given up on the country permanently and that it planned to make a “glorious” return to the US. However, Huawei stated that it would not focus on the US market currently but would concentrate on other global markets. According to Ken Hu (Hu), Huawei’s CEO-in-rotation, “For our 5G strategy, we currently focus on markets like China and Japan among others. In the US right now, we’re not making significant progress and we don’t have big plans for that market.”
Case study question
In the context of Huawei discuss the strategies for having a global footprint which is followed by companies in an International Business setting.
In: Operations Management
A friend of yours claims the following: ''Sustainable
development is an oxymoron. Sustainability
implies stability. Development implies change. The world has finite
resources, and economies
are growing. How could development and sustainability then not be
contradictory?'' Using
precise arguments and examples, explain to your friend why you
disagree.
In: Economics
In: Operations Management
Problem 11-06 New-Project Analysis The Campbell Company is considering adding a robotic paint sprayer to its production line. The sprayer's base price is $1,000,000, and it would cost another $18,500 to install it. The machine falls into the MACRS 3-year class (the applicable MACRS depreciation rates are 33.33%, 44.45%, 14.81%, and 7.41%), and it would be sold after 3 years for $547,000. The machine would require an increase in net working capital (inventory) of $10,500. The sprayer would not change revenues, but it is expected to save the firm $391,000 per year in before-tax operating costs, mainly labor. Campbell's marginal tax rate is 30%.
What is the Year 0 net cash flow? $
What are the net operating cash flows in Years 1, 2, and 3? Do not round intermediate calculations. Round your answers to the nearest dollar.
Year 1$ Year 2$ Year 3$
What is the additional Year 3 cash flow (i.e, the after-tax salvage and the return of working capital)? Do not round intermediate calculations. Round your answer to the nearest dollar. $
If the project's cost of capital is 12 %, what is the NPV of the project? Do not round intermediate calculations. Round your answer to the nearest dollar.
In: Finance
Tommy Teenager (TT) is an enthusiastic, new employee at a local grocery store, Food Fetch (FF). His boss is Mary Manager (MM). One day, while accepting a shipment of food from Dandy Distributor (DD), Mary tells the DD driver about TT. She exclaims in front of TT what a great job he is doing, and that she would not be surprised if he ended up running the place someday. One very busy Saturday, before a blizzard is forecast to hit the area, TT is the backroom working when DD pulls up with a delivery. DD is in a hurry to get unloaded and get on the road to beat the weather, and DD remembers what MM told him when he sees TT; DD asks TT to sign for the shipment. TT does not have any idea what he is doing. Still, he realizes how rushed MM is and how FF is running low on groceries on this busy, snowy Saturday. TT just wants to help, and signs for the shipment. TT puts the invoice on MM’s desk but forgets to tell her about it. Three months later, DD calls MM to ask when she is going to pay for the shipment. MM knew nothing about TT signing for it and did not see the invoice on her messy desk.
Respond as : explain why FF might be liable to pay.
In: Operations Management
Write the following Python script:
Write a function called linsolve() that will be useful in categorizing and solving linear algebra problems. The function will have up to three parameters:
• A required 2D array representing the coefficient matrix of a linear algebra equation,
• A required 1D or 2D array representing the right-side constants of a linear algebra equations, and
• An optional parameter used to determine which condition number to use in determining the condition of the system. The default case for this is the integer 2.
The returns for this function will depend on whether there is a unique solution to the system. If there is, the three returns should be, in order:
• A 1D or 2D array representing the solution array of the linear system,
• A float representing the determinant of the coefficient matrix, and
• A float representing the condition number of the coefficient matrix.
If there is no unique solution, the function should return None for the solution array, 0 for the determinant, and -1 for the condition number; the function should also print out “No solution.”
In: Computer Science
Explain how numbers are sorted in consecutive numbering, terminal-digit numbering, and middle-digit numbering
In: Operations Management
An antelope and a cheetah decide to race to a watering hole 1
km
away. The cheetah's top speed is 3x the top speed of the antelope,
so the cheetah is condent
she's got the win in the bag. From the starting line, the animals
accelerate uniformly to
their top speeds in 10 seconds. After 30 more seconds, the
exhausted cheetah stops for a
rest. The antelope is nowhere in the cheetah's sight, so the
cheetah decides to take a quick
2-minute nap. Upon waking, the cheetah again accelerates uniformly
to her top speed in 10
seconds and crosses the finish line at that speed. If the antelope
crosses the finish line in 3
minutes and 10 seconds, who wins the race? Draw a velocity vs time
graph for the cheetah's
motion.
In: Physics
You have to write a Opinion Paragraph on ( Success is determined by hard work, and luck has no relation to success. Providing specific examples and reasons to support your position, do you agree or disagree with this idea?) the paragraph should be between 150-200 words.
Note: Do not copy and paste from the internet. (avoid Plagiarism)
In: Psychology
The comparative statements of Wildhorse Co. are presented
here.
WILDHORSE CO. |
||||
---|---|---|---|---|
2022 |
2021 |
|||
Net sales |
$2,289,400 |
$2,135,000 |
||
Cost of goods sold |
1,267,000 |
1,247,440 |
||
Gross profit |
1,022,400 |
887,560 |
||
Selling and administrative expenses |
620,000 |
593,960 |
||
Income from operations |
402,400 |
293,600 |
||
Other expenses and losses |
||||
Interest expense |
27,280 |
24,800 |
||
Income before income taxes |
375,120 |
268,800 |
||
Income tax expense |
112,536 |
80,640 |
||
Net income |
$ 262,584 |
$ 188,160 |
WILDHORSE CO. |
||||
---|---|---|---|---|
Assets |
2022 |
2021 |
||
Current assets |
||||
Cash |
$ 74,524 |
$ 79,608 |
||
Debt investments (short-term) |
91,760 |
62,000 |
||
Accounts receivable |
146,072 |
127,472 |
||
Inventory |
156,240 |
143,220 |
||
Total current assets |
468,596 |
412,300 |
||
Plant assets (net) |
804,760 |
645,172 |
||
Total assets |
$1,273,356 |
$1,057,472 |
||
Liabilities and Stockholders’ Equity |
||||
Current liabilities |
||||
Accounts payable |
$ 198,400 |
$180,296 |
||
Income taxes payable |
53,940 |
52,080 |
||
Total current liabilities |
252,340 |
232,376 |
||
Bonds payable |
272,800 |
248,000 |
||
Total liabilities |
525,140 |
480,376 |
||
Stockholders’ equity |
||||
Common stock ($5 par) |
359,600 |
372,000 |
||
Retained earnings |
388,616 |
205,096 |
||
Total stockholders’ equity |
748,216 |
577,096 |
||
Total liabilities and stockholders’ equity |
$1,273,356 |
$1,057,472 |
All sales were on account. Net cash provided by operating
activities for 2022 was $272,800. Capital expenditures were
$168,640, and cash dividends were $79,064.
Compute the following ratios for 2022. (Round all
answers to 2 decimal places, e.g. 1.83 or 1.83%.)
(a) | Earnings per share | $ | |||
(b) | Return on common stockholders’ equity | % | |||
(c) | Return on assets | % | |||
(d) | Current ratio | :1 | |||
(e) | Accounts receivable turnover | times | |||
(f) | Average collection period | days | |||
(g) | Inventory turnover | times | |||
(h) | Days in inventory | days | |||
(i) | Times interest earned | times | |||
(j) | Asset turnover | times | |||
(k) | Debt to assets ratio | % | |||
(l) | Free cash flow |
In: Finance
hypothesize about the impact of an aging population on each of the following topics:
Social security
Health care
Recreation
Housing/Living Arrangements
Occupation
Political activity
Relationships/Companionship
For example, how would an aging population impact social security (in terms of funding, the age cut off, etc.). You will need to be as through as possible in your examples; provide justification AND citations for where you are getting your information.
After you have created your hypotheses, you will need to answer the following two questions:
Overall, what are some of the effects on society as generations reach retirement age?
As a young(er) person, what could you do to help yourself when you become older?
In: Psychology
Please identify each error present, explain the type of error (syntax/logic/run-time), and provide a fix which changes the given code as little as possible (i.e. don't rewrite the whole thing; just point out what is wrong and a fix for it).
5)
// Assign a grade based on the score
char score;
cin>>score;
if score < 0 && score > 100
cout<<"The score entered is
invalid"<<endl;
if (score <= 90)
grade = "A";
if (score <= 80)
grade = "B";
if (score <= 70)
grade = "C";
if (score <= 60)
grade = "D";
else
grade = "F";
6)
// if GPA 3.5 or better the student makes the dean's list, if
completedUnits 182 or more the student can graduate.
// if both, the student can graduate with honors
string gpa, completedUnits;
cin>>gpa>>completedUnits;
if (gpa > 3.5)
cout<<"Good job!\n";
cout<<"You've made the dean's
list!\n";
else if (completedUnits > 54)
cout<<"You have completed the
required number of units.\n";
cout<<"You can
graduate!\n";
else if (gpa > 3.5 || completedUnits > 54)
cout<<"Great job!\n";
cout<<"You have completed the
required number of units with a high GPA.\n";
cout<<"You are graduating with
honors!\n";
7)
// sum all the even numbers from 0 to 100, inclusive
int value = 0;
int sum;
while (sum < 100)
sum += value
value*=2;
8)
// get numbers from the user until the user enters 0. Output how
many numbers were entered and their sum.
int count;
while (input == 0)
int input;
cin>>input;
sum = sum + input;
count++;
cout<<"You entered "<<count<<"
values"<<endl;
cout<<"The sum is "<<sum<<endl;
9)
// sum all the numbers which are divisible by 3 or by 5 and in the
range 0 to 1000 inclusive
int sum;
for (i=0; i<1000; sum++)
if (sum % 3 || sum % 5)
sum += i;
cout<<"The sum is "<<sum<<endl;
In: Computer Science
Read the case study - "Do you really think we are so stupid?" A letter to the CEO of Deutsche Telekom (A)"
In: Operations Management