Minion, Inc., has no debt outstanding and a total market value of $408,900. Earnings before interest and taxes, EBIT, are projected to be $54,000 if economic conditions are normal. If there is strong expansion in the economy, then EBIT will be 13 percent higher. If there is a recession, then EBIT will be 21 percent lower. The company is considering a $200,000 debt issue with an interest rate of 5 percent. The proceeds will be used to repurchase shares of stock. There are currently 8,700 shares outstanding. Ignore taxes for questions a) and b). Assume the company has a market-to-book ratio of 1.0 and the stock price remains constant. |
a-1. |
Calculate return on equity, ROE, under each of the three economic scenarios before any debt is issued. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) |
a-2. | Calculate the percentage changes in ROE when the economy expands or enters a recession. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) |
b-1. | Assume the firm goes through with the proposed recapitalization. Calculate the return on equity, ROE, under each of the three economic scenarios. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) |
b-2. | Assume the firm goes through with the proposed recapitalization. Calculate the percentage changes in ROE when the economy expands or enters a recession. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) |
Assume the firm has a tax rate of 22 percent. |
c-1. | Calculate return on equity (ROE) under each of the three economic scenarios before any debt is issued. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) |
c-2. |
Calculate the percentage changes in ROE when the economy expands or enters a recession. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) |
c-3. | Calculate the return on equity (ROE) under each of the three economic scenarios assuming the firm goes through with the recapitalization. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) |
c-4. |
Given the recapitalization, calculate the percentage changes in ROE when the economy expands or enters a recession. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) *** only need c1-c4 |
In: Finance
RAK, Inc., has no debt outstanding and a total market value of $150,000. Earnings before interest and taxes, EBIT, are projected to be $36,000 if economic conditions are normal. If there is strong expansion in the economy, then EBIT will be 15 percent higher. If there is a recession, then EBIT will be 25 percent lower. RAK is considering a $95,000 debt issue with an interest rate of 8 percent. The proceeds will be used to repurchase shares of stock. There are currently 6,000 shares outstanding. Ignore taxes for questions a and b. Assume the company has a market-to-book ratio of 1.0. a-1 Calculate return on equity (ROE) under each of the three economic scenarios before any debt is issued. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) ROE Recession % Normal % Expansion % a-2 Calculate the percentage changes in ROE when the economy expands or enters a recession. (Negative amounts should be indicated by a minus sign. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) % change in ROE Recession % Expansion % Assume the firm goes through with the proposed recapitalization. b-1 Calculate the return on equity (ROE) under each of the three economic scenarios. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) ROE Recession % Normal % Expansion % b-2 Calculate the percentage changes in ROE when the economy expands or enters a recession. (Negative amounts should be indicated by a minus sign. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) % change in ROE Recession % Expansion % Assume the firm has a tax rate of 35 percent. c-1 Calculate return on equity (ROE) under each of the three economic scenarios before any debt is issued. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) ROE Recession % Normal % Expansion % c-2 Calculate the percentage changes in ROE when the economy expands or enters a recession. (Negative amounts should be indicated by a minus sign. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) % change in ROE Recession % Expansion % c-3 Calculate the return on equity (ROE) under each of the three economic scenarios assuming the firm goes through with the recapitalization. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) ROE Recession % Normal % Expansion % c-4 Given the recapitalization, calculate the percentage changes in ROE when the economy expands or enters a recession. (Negative amounts should be indicated by a minus sign. Round your answers to 2 decimal places. (e.g., 32.16)) % change in ROE Recession % Expansion %
In: Finance
Please Use your keyboard (Don't use handwriting)
MGT 311
I need new and unique answers, please. (Use your own words, don't copy and paste)
Please re-write my answer by using another words.. I need new and unique answers, please. (Use your own words, don't copy and paste)
________
Please re-write my answer by using another words.. I need new and unique answers, please. (Use your own words, don't copy and paste)
1.
A paper manufacturing organization:
The operations process here will have the entire supply chain comprising of sourcing to inventory management to production to finished goods storage to dispatch. The production process will be a major operations area that will involve issue of raw material from stock to the flow of this material through different processes at plant. There would be WIP/inventory at the end of each process step. Finally the end product will be packed as per specifications post inspection and stored for dispatch to customers.
There will be several decisions required to be taken here like what kind of raw material inventory to keep and the reorder points for the same, what capacity planning to be done depending on the demand, the processes/machines to be run as per the timelines and monthly targets defined, the internal mapping of manpower to processes, the output to be dispatched at the right time to the customers will all quality specifications met
An internal design office: An internal design office will be service organization working for clients to provide designs be it for architectural purposes or for home furnishing industry, etc. Here the operation process will be more streamlined and simpler where based on customer requirements, there will be team assigned to work on software to come up with the required design. One change here that we will see compared to a paper manufacturing organization is that even when the design is made, it can undergo iterations basis feedback received from customers.
The operations decisions will largely be on the expected timelines for creating a design, the manpower required to finish the project, the requirement for additional tools/software to aid in completion of work, etc.
2.
Marketing: Marketing may see this as an internal shift of thought process and their outgoing communication to stakeholders need to be aligned accordingly
Finance will see this as a change in the operating model and the MIS and operating performance need to be tracked likewise so that the accountability for the profitability of different work centers is not compromised
Human resources may feel concerned about the existing manpower and the skills they possess whether adequate to make this move
Accounting will need to look at the costs in a different manner compared to what was being done in a batch process and align with Finance
Information systems will need an overhaul as there would be a major ERP change due to this
3.
A soap factory is a manufacturing unit which has raw materials procured from different vendors, the raw materials are stored in a central location, issued in batches for production based on demand outlook and manufactured at different steps. The end product is then packed in the packing dept. and post inspection stored in batched ready to be dispatched to distributors/sellers
In: Operations Management
Consider a 4-year, adjustable rate mortgage with an original balance of 15,000 and an initial interest rate of 5.9%. Suppose right after the month 6 payment has been made, the interest rate goes up by 0.8%. What is the new monthly payment in the following month?
In: Finance
develop intial interview questions. staffing services believes that a half hour interview will be appropriatw, with about 3 minutes per interview questions. they would like 5 behavioral interview questions and 5 situational interview questions. each interview querstion should have a very specific ksao target as shown in the example
In: Operations Management
(4) Suppose you observe the following situation:
Security Beta Expected Return
Pete Corp. 1.15 12.90%
Repete Co. 0.84 10.20%
Assume the two securities are correctly priced. Based on CAPM, what
is the expected return on the market? What is the risk-free rate?
(15 points)
In: Finance
Think of about 5 colleagues from work who are approximately the same age, race, gender as you. List 5 categories in which you are diverse. (The point of the question is for you to think of diversity in a broader more inclusive way.)
In: Operations Management
Critically Examine Immanuel Wallenstein’s World Systems Theory. (To what extent it contributed to understand and analyse contemporary global issues?)1500-2000words.
In: Economics
you can search online and find information about the novel. I searched but I don't understand anything because the English not my native language I can't understand this novel to answer these question please help me (please my last chance please help)
Can you please help me with these Discussion Questions for Shelley’s Frankenstein:
Questions for Volume I:
The novel’s title page prompts readers to link Frankenstein with Prometheus. Familiarize yourself with Prometheus. In what way is the myth relevant to Shelley’s novel?
Describe Victor Frankenstein. What is his passion? What motivates him? What does he aim to accomplish by creating the monster?
What similarities exist between Walton and Victor Frankenstein?
What does the novel suggest so far regarding the importance of human relationships?
Where does the novel display tenets of Romanticism? In what ways are Romantic beliefs pitted against those of the Enlightenment?
Discuss Victor’s attitude toward his creation of the monster.
Make some conjecture as to what it is Victor hopes to impart to Walton in conveying the story of the monster and the ensuing events.
Where do you see the features of Gothicism evident?
In: Psychology
Prompt 1
MM’s dividend irrelevance theory states that dividend policy does
not affect either stock prices or the required rate of return on
equity. This implies that shareholders should be indifferent as to
which form of payout the firm chooses. At the same time, firms
spend a good amount of resources over planning their payout
policies.
Prompt 2
Now, read the description/report below (from page 497-9 of your
textbook).
We forecasted the total market demand for our products, what our share of the market is likely to be, and our required investments in capital assets and working capital. Using this information, we developed projected balance sheets and income statements for the period 2015–2019.
Our 2014 dividends totaled $50 million, or $2.00 per share. On the basis of projected earnings, cash flows, and capital requirements, we can increase the dividend by 6% per year. This would be consistent with a payout ratio of 42%, on average, over the forecast period. Any faster dividend growth rate would require us to sell common stock, cut the capital budget, or raise the debt ratio. Any slower growth rate would lead to increases in the common equity ratio. Therefore, I recommend that the Board increase the dividend for 2015 by 6%, to $2.12, and that it plan for similar increases in the future.
Events over the next 5 years will undoubtedly lead to differences between our forecasts and actual results. If and when such events occur, we should reexamine our position. However, I am confident that we can meet random cash shortfalls by increasing our borrowings—we have unused debt capacity that gives us flexibility in this regard.
We ran the corporate model under several scenarios. If the economy totally collapses, our earnings will not cover the dividend. However, in all likely scenarios our cash flows would cover the recommended dividend. I know the Board does not want to push the dividend up to a level where we would have to cut it under poor economic conditions. Our model runs indicate, though, that the $2.12 dividend could be maintained under any reasonable set of forecasts. Only if we increased the dividend to more than $3.00 would we be seriously exposed to the danger of having to reduce it.
I might also note that most analysts’ reports are forecasting that our dividends will grow in the 5% to 6% range. Thus, if we go to $2.12, we will be at the high end of the forecast range, which should give our stock a boost. With takeover rumors so widespread, getting the stock price up a bit would make us all breathe a little easier.
Finally, we considered distributing cash to shareholders through a stock repurchase program. Here we would reduce the dividend payout ratio and use the funds generated to buy our stock on the open market. Such a program has several advantages, but it would also have drawbacks. I do not recommend that we institute a stock repurchase program at this time. However, if our free cash flows exceed our forecasts, I would recommend that we use these surpluses to buy back stock. Also, I plan to continue looking into a regular repurchase program, and I may recommend such a program in the future.
In: Finance
Having those files please adjust the following tasks.
When the user fills out the registration, all information is inserted into a database table.
When the user signs in, all information is verified from the database table.
You can either create your own table on your machine or use the demo server table for testing. Remember the table name and the fields must be exactly as shown below.
If you are using your own table, you must change the connection info as shown below before uploading to the demo server. Then you must test to make sure it works correctly on the demo server.
The table name will be 'account'.
The fields in the table are:
username - 20 char
password - 50 char
name - 20 char
email - 50 char
Make sure that all field names are the same upper and lowercase letters as shown above.
The password will still be encrypted when stored in the database.
You must insert data into the table using your program. Do not assume anything is on the table.
When creating userids and passwords, use something unique, as your classmates will be sharing the same table.
assignment3
<?php
session_start();
if(isset($_SESSION['userid']))
{
header("Location:home.php");
}
include 'header.php';
?>
<?php
if(isset($_POST["register"]))
{
// collect form data
$first_name=$_POST["first_name"];
$last_name=$_POST["last_name"];
$email=$_POST["email"];
$userid=$_POST["userid"];
$password=$_POST["password"];
$verify_password=$_POST["verify_password"];
if($password===$verify_password) // password verification
{
$hashFormat="$2y$10$"; // set hash
$salt ="iusesomecrazystrings22"; // set salt
$new_salt = $hashFormat . $salt; // concatenate hash and salt
$encrypted_password = crypt($password,$new_salt); // Encrypt the
password
if(file_exists("users.txt")) // check file is exist or not
{
// Open a file for write only and append the data to an existing
file
$myfile = fopen("users.txt", "a");
$mydata=$first_name."|".$last_name."|".$email."|".$userid."|".$encrypted_password."\r\n";
fwrite($myfile, $mydata);
include('send_mail.php');
}
else
{
$myfile = fopen("users.txt", "w"); // Open a file for write
only
fwrite($myfile, "First Name |Last Name | Email| User Id | Password\r\n");
$mydata=$first_name."|".$last_name."|".$email."|".$userid."|".$encrypted_password."\r\n";
fwrite($myfile, $mydata);
include ("send_mail.php");
}
fclose($myfile);
// set the message if password is verified
$register_msg = "The following registration information has been
successfully submitted";
}
else
{
$register_msg = "password not match"; // set the message if
password is not verified
}
}
else
{
$register_msg = "";
}
?>
<html>
<body>
<h1> <?php echo $register_msg; ?> </h1>
<form action="assignment3.php" method="POST"
style="float:left; width:50%;">
<fieldset>
<legend style="text-align: center;">User
Information</legend>
<table style="margin:0px auto;">
<tr>
<td>
<label> First Name</label>
</td>
<td>
<input type="text" name="first_name">
</td>
</tr>
<tr>
<td>
<label> Last Name</label>
</td>
<td>
<input type="text" name="last_name">
</td>
</tr>
<tr>
<td>
<label> Email</label>
</td>
<td>
<input type="email" name="email">
</td>
</tr>
<tr>
<td>
<label> User ID</label>
</td>
<td>
<input type="text" name="userid">
</td>
</tr>
<tr>
<td>
<label> Password</label>
</td>
<td>
<input type="password" name="password"
pattern="(?=.*?[0-9])(?=.*?[#?!@$%^&*-]).{8,12}" title="Must
contain at least one number and one special character, and length
must between 8 to 12 characters">
</td>
</tr>
<tr>
<td>
<label> Verify Password</label>
</td>
<td>
<!--create a password field for Verify Password -->
<input type="password" name="verify_password"
pattern="(?=.*?[0-9])(?=.*?[#?!@$%^&*-]).{8,12}" title="Must
contain at least one number and one special character, and length
must between 8 to 12 characters">
</td>
</tr>
<tr>
<td><input type="submit" name="register"
value="Register"></td>
<td><input type="reset" name="reset"
value="Reset"></td>
</tr>
</table>
</fieldset>
</form>
<form action="home.php" method="POST" style="float:right;
width:50%;">
<fieldset>
<legend style="text-align: center;">Sign
In</legend>
<table style="margin:0px auto;">
<tr>
<td>
<label> User ID</label>
</td>
<td>
<input type="text" name="userid">
</td>
</tr>
<tr>
<td>
<label> Password</label>
</td>
<td>
<input type="password" name="password"
pattern="(?=.*?[0-9])(?=.*?[#?!@$%^&*-]).{8,12}" title="Must
contain at least one number and one special character, and length
must between 8 to 12 characters">
</td>
</tr>
<tr>
<td><input type="submit" name="Submit"
value="Submit"></td>
<td><input type="reset" name="reset"
value="Reset"></td>
</tr>
</table>
</fieldset>
</form>
</body>
</html>
header.php
<!DOCTYPE html>
<html>
<head>
<title>Assignment3</title>
<link rel="stylesheet" type="text/css" href="main.css"
/>
<meta http-equiv="Content-Type" content="text/html;
charset=UTF-8">
</head>
<body>
<header>
<h1>Register for an Account</h1>
</header>
home.php
<?php
session_start();
if(!isset($_POST["Submit"])&&!isset($_SESSION["userid"]))
{
header("Location:assignment3.php");
}
if(isset($_POST['logout']))
{
session_unset();
// destroy the session
session_destroy();
header("Location:assignment2.php");
}
if(isset($_POST["Submit"])) // if Submit parameter exist
{
// collect form data
$userid=$_POST["userid"];
$password=$_POST["password"];
$hashFormat="$2y$10$"; // set hash
$salt ="iusesomecrazystrings22"; // set salt
$new_salt = $hashFormat . $salt; // concatenate hash and salt
$encrypted_password = crypt($password,$new_salt); // Encrypt the password entered by the user
$myfile = file ('./users.txt');
foreach($myfile as $row)
{
$data = explode("|",$row);
// Compare the userid and password to what is in the text file
if($userid===$data[3] &&
$encrypted_password===trim($data[4]))
{
// Set session variables
$_SESSION['userid'] = $data[3]; // Set userid to session
variable
$_SESSION['password'] = $data[4]; // Set password to session
variable
// If password match, set display a welcome message to variable
$msg="Welcome ".$_SESSION['userid'];
}
else
{
// If password do not match, set display this message to
variable
$msg="userid/password combo incorrect please reenter";
}
}
}
else
{
$msg="";
}
?>
<html>
<body>
<h1> <?php echo $msg; ?> </h1>
<?php
if(isset($_SESSION["userid"]))
{
?>
<form action="home.php" method="post">
<input type="submit" value="Sign Out" name="logout">
</form>
<?php
}
?>
</body>
</html>
css file
html {
background-color: #e6f2ff;
}
body {
font-family: Arial, Helvetica, sans-serif;
width: 900px;
margin: 0 auto;
padding: 0 1em;
background-color: white;
border: 1px solid blue;
}
header {
border-bottom: 2px solid black;
padding: .5em 0;
}
header h1 {
color: blue;
}
main {
}
aside {
float: left;
width: 150px;
}
h1 {
font-size: 150%;
margin: 0;
padding: .5em 0 .25em;
}
h2 {
font-size: 120%;
margin: 0;
padding: .75em 0 0;
}
h1, h2 {
color: black;
}
fieldset {
margin: 1em;
padding-top: 1em;
margin-left: 10px;
border: 1px solid blue;
}
label {
float: left;
width: 10em;
text-align: right;
margin-top: .25em;
margin-bottom: .5em;
}
input, select {
margin-left: 0.5em;
margin-bottom: 0.5em;
width: 14em;
}
br {
clear: both;
}
span {
vertical-align: middle;
}
.error {
color: #cc3300;
}
.notice {
color: #cc3300;
font-size: 50%;
text-align: right;
}
In: Computer Science
Hydrobromic acid dissolves solid iron according to the following
reaction:
Fe(s)+2HBr(aq)?FeBr2(aq)+H2(g)
What mass of HBr (in g) would you need to dissolve a 3.0?g pure iron bar on a padlock? Express your answer using two significant figures. m=______________g
What mass of H2 would be produced by the complete reaction of the iron bar?
Express your answer using two significant figures. m=_____________________g
In: Chemistry
In C:
You are to create a program to request user input and store the data in an array of structures, and then display the data as requested. The data you are collecting refers to a set of images. The images are OCT images taken of the lining of the bladder. The data you provide will help diagnose the image as cancerous or not, but your code does not need to do that at the moment.
1) Define a global structure that contains the following information:
a) File number (must be >0)
b) Diagnosis number (1-8)
c) Number of layers in the image
d) Maximum average intensity of a single row (should be a float)
e) Width of brightest layer
2) Declare an array of 9 of the structures in #1. This array should be a global variable.
3) Initialize each of the file numbers in the array to -1.
4) Create a loop that will continue asking the user for the above data until the file number 0 is given, or until information has been provided for 9 images.
5) If the user provides a file number less than 0, ask again. Do not ask for further information if the user provides a file number equal to 0.
6) If the user provides a diagnosis number that is not between 1 and 8, ask again.
7) Store the data in the array of structures in the order it is provided.
8) Write a function to display the information for a particular file number. If the file number was not found, nothing is displayed. The function will return a 1 if the file number was found or a 0 if the file number was not in the array.
9) In your main function, after the loop which requests the data, create another loop that will request a file number from the user and then call the function written for #8 to display the data for that file number. This loop will continue until a file number is provided that is not found.
10) In your main function, after the code for #9, add a loop that will display the information for all items stored in the array in order.
In: Computer Science
Describe the major categories of ferrous alloys.
In: Mechanical Engineering
Personal Electronix sells iPads and iPods. The business is divided into two divisions along product lines. CVP income statements for a recent quarter’s activity are presented below.
iPad Division |
iPod Division |
Total |
||||
---|---|---|---|---|---|---|
Sales | $755,200 | $424,800 | $1,180,000 | |||
Variable costs | 543,744 | 246,384 | 790,128 | |||
Contribution margin | $211,456 | $178,416 | 389,872 | |||
Fixed costs | 133,151 | |||||
Net income | $256,721 |
Determine sales mix percentage and contribution margin ratio for each division. (Round answers to 0 decimal places, e.g. 15%.)
Sales Mix Percentage |
||
---|---|---|
iPad division |
enter a percentage number rounded to 0 decimal places % |
|
iPod division |
enter a percentage number rounded to 0 decimal places % |
Contribution Margin Ratio |
||
---|---|---|
iPad division |
enter a percentage number rounded to 0 decimal places % |
|
iPod division |
enter a percentage number rounded to 0 decimal places % |
eTextbook and Media
Calculate the company’s weighted-average contribution margin ratio. (Round computations and final answer to 2 decimal places, e.g. 15.26%.)
Weighted-average contribution margin ratio |
enter a percentage number of the weighted-average contribution margin ratio rounded to 2 decimal places % |
eTextbook and Media
Calculate the company’s break-even point in dollars. (Round computations to 2 decimal places and final answer to 0 decimal places, e.g. 1,526.)
Break-even point |
$enter the break-even point in dollars rounded to 2 decimal places |
eTextbook and Media
Determine the sales level in dollars for each division at the break-even point. (Round computations to 2 decimal places and final answers to 0 decimal places, e.g. 1,526.)
Break-even point |
||
---|---|---|
iPad division |
$enter a dollar amount rounded to 2 decimal places |
|
iPod division |
$enter a dollar amount rounded to 2 decimal places |
In: Accounting