DevryHomework.com
83 views | +0 today
Follow
Your new post is loading...
Your new post is loading...
Scooped by Bessie Flowers
Scoop.it!

FIN 515 Week 6 Midterm (Set 2)

http://www.devryhomework.com/product/fin-515-week-6-midterm-set-2/

Bessie Flowers's insight:

(TCO A) Which of the following statements is CORRECT?

(TCO G) Which of the following statements is CORRECT?

(TCO G) Beranek Corp. has $410,000 of assets, and it uses no debt—it is financed only with common equity. The new CFO wants to employ enough debt to bring the debt/assets ratio to 40%, using the proceeds from the borrowing to buy back common stock at its book value. How much must the firm borrow to achieve the target debt ratio?

(TCO B) You deposit $1,000 today in a savings account that pays 3.5% interest, compounded annually. How much will your account be worth at the end of 25 years?

(TCO B) At a rate of 6.5%, what is the future value of the following cash flow stream?

(TCO B) Farmers Bank offers to lend you $50,000 at a nominal rate of 5.0%, simple interest, with interest paid quarterly. Merchants Bank offers to lend you the $50,000, but it will charge 6.0%, simple interest, with interest paid at the end of the year. What’s the difference in the effective annual rates charged by the two banks?

(TCO D) A 10-year bond pays an annual coupon, its YTM is 8%, and it currently trades at a premium. Which of the following statements is CORRECT

(TCO D) Ezzell Enterprises’ noncallable bonds currently sell for $1,165. They have a 15-year maturity, an annual coupon of $95, and a par value of $1,000. What is their yield to maturity

(TCO C) Keys Corporation’s five-year bonds yield 7.00%, and five-year T-bonds yield 5.15%. The real risk-free rate is r* = 3.0%, the inflation premium for five-year bonds is IP = 1.75%, the liquidity premium for Keys’ bonds is LP = 0.75% versus zero for T-bonds, and the maturity risk premium for all bonds is found with the formula MRP = (t – 1) x 0.1%, where t = number of years to maturity. What is the default risk premium (DRP) on Keys’ bonds

(TCO C) Which of the following statements is CORRECT

more...
No comment yet.
Scooped by Bessie Flowers
Scoop.it!

FIN 515 Week 4 Midterm (Set 2)

http://www.devryhomework.com/product/fin-515-week-4-midterm-set-2/

Bessie Flowers's insight:

(TCO A) Which of the following statements is correct?

(TCO G) A security analyst obtained the following information from Prestopino Products’ financial statements.

(TCO G) Beranek Corp. has $410,000 of assets, and it uses no debt—it is financed only with common equity. The new CFO wants to employ enough debt to bring the debt to assets ratio to 40%, using the proceeds from the borrowing to buy back common stock at its book value. How much must the firm borrow to achieve the target debt ratio?

(TCO B) You deposit $1,000 today in a savings account that pays 3.5% interest, compounded annually. How much will your account be worth at the end of 25 years?

(TCO B) Your father paid $10,000 (CF at t = 0) for an investment that promises to pay $750 at the end of each of the next 5 years, then an additional lump sum payment of $10,000 at the end of the fifth year. Which is the expected rate of return on this investment?

(TCO B) Suppose you borrowed $12,000 at a rate of 9.0% and must repay it in four equal installments at the end of each of the next 4 years. How large would your payments be?

(TCO D) Which of the following statements is correct?

(TCO D) Ezzell Enterprises’ noncallable bonds currently sell for $1,165. They have a 15-year maturity, an annual coupon of $95, and a par value of $1,000. Which is their yield to maturity?

(TCO C) Keys Corporation’s 5-year bonds yield 7.00%, and 5-year T-bonds yield 5.15%. The real risk-free rate is r* = 3.0%, the inflation premium for 5-year bonds is IP = 1.75%, the liquidity premium for Keys’ bonds is LP = 0.75% versus zero for T-bonds, and the maturity risk premium for all bonds is found with the formula MRP = (t - 1) × 0.1%, where t = number of years to maturity. Which is the default risk premium (DRP) on Keys’ bonds?

(TCO C) Assume that to cool off the economy and decrease expectations for inflation, the Federal Reserve tightened the money supply, causing an increase in the risk-free rate, rRF. Investors also became concerned that the Fed’s actions would lead to a recession, and that led to an increase in the market risk premium (rM – rRF). Under these conditions, with other things held constant, which of the following statements is most correct?

more...
No comment yet.
Scooped by Bessie Flowers
Scoop.it!

FIN 515 Final Exam

http://www.devryhomework.com/product/fin-515-final-exam/

Bessie Flowers's insight:

1. (TCO A) Which of the following does NOT always increase a company’s market value?

2. (TCO F) Which of the following statements is correct?

3. (TCO D) Church Inc. is presently enjoying relatively high growth because of a surge in the demand for its new product. Management expects earnings and dividends to grow at a rate of 25% for the next 4 years, after which competition will probably reduce the growth rate in earnings and dividends to zero, i.e., g = 0. The company’s last dividend, D0, was $1.25, its beta is 1.20, the market risk premium is 5.50%, and the risk-free rate is 3.00%. What is the current price of the common stock?

4. (TCO G) Singal Inc. is preparing its cash budget. It expects to have sales of $30,000 in January, $35,000 in February, and $35,000 in March. If 20% of sales are for cash, 40% are credit sales paid in the month after the sale, and another 40% are credit sales paid 2 months after the sale, what are the expected cash receipts for March?

1. (TCO H) Zervos Inc. had the following data for 2008 (in millions). The new CFO believes (a) that an improved inventory management system could lower the average inventory by $4,000, (b) that improvements in the credit department could reduce receivables by $2,000, and (c) that the purchasing department could negotiate better credit terms and thereby increase accounts payable by $2,000. Furthermore, she thinks that these changes would not affect either sales or the costs of goods sold. If these changes were made, by how many days would the cash conversion cycle be lowered?

2. (TCO C) Bumpas Enterprises purchases $4,562,500 in goods per year from its sole supplier on terms of 2/15, net 50. If the firm chooses to pay on time but does not take the discount, what is the effective annual percentage cost of its nonfree trade credit? (Assume a 365-day year.)

3. (TCO E) You were hired as a consultant to the Quigley Company, whose target capital structure is 35% debt, 10% preferred, and 55% common equity. The interest rate on new debt is 6.50%, the yield on the preferred is 6.00%, the cost of common from retained earnings is 11.25%, and the tax rate is 40%. The firm will not be issuing any new common stock. What is Quigley’s WACC?

4. (TCO B) A company forecasts the free cash flows (in millions) shown below. The weighted average cost of capital is 13%, and the FCFs are expected to continue growing at a 5% rate after Year 3. Assuming that the ROIC is expected to remain constant in Year 3 and beyond, what is the Year 0 value of operations, in millions?

5. (TCO G) Based on the corporate valuation model, Hunsader’s value of operations is $300 million. The balance sheet shows $20 million of short-term investments that are unrelated to operations, $50 million of accounts payable, $90 million of notes payable, $30 million of long-term debt, $40 million of preferred stock, and $100 million of common equity. The company has 10 million shares of stock outstanding. What is the best estimate of the stock’s price per share?

6. TCO G) Clayton Industries is planning its operations for next year, and Ronnie Clayton, the CEO, wants you to forecast the firm’s additional funds needed (AFN). The firm is operating at full capacity. Data for use in your forecast are shown below. Based on the AFN equation, what is the AFN for the coming year? Dollars are in millions.

more...
No comment yet.
Scooped by Bessie Flowers
Scoop.it!

ENGL 227 Week 8 Formal Report

http://www.devryhomework.com/product/engl-227-week-8-formal-report/

Bessie Flowers's insight:
Formal Report

In this assignment, students will work independently to write a short formal report that analyzes a situation and provides recommendations. This course project will satisfy TCOs 4, 6, and 8.

Overview

 

In this assignment, students will analyze two possible career choices, and then write a formal analytical report effectively presenting a recommendation to pursue one of the careers. This project has two parts:

Part 1, the Table of Contents and Introductory Section is due at the end of Week 6.Part 2, the report in its entirety is due at the final project deadline in Week 8.Students are encouraged to begin work on this project no later than Week 5, reading the project directions, reading Chapters 13, 14, and 15, and, if time permits, doing preliminary research.

 

Guidelines

 

Download the Formal Report Instructions in the Doc Sharing area, and read the requirements and the due dates of each part.The grading rubrics for Part 1 and Part 2 are located in the Doc Sharing area.

Submit your assignment to the Dropbox located on the silver tab at the top of this page. For instructions on how to use the Dropbox, read these step-by-step instructions or watch this Tutorial Dropbox Tutorial.

See the Syllabus section “Due Dates for Assignments & Exams” for due date information.

more...
No comment yet.
Scooped by Bessie Flowers
Scoop.it!

ENGL 219 Week 8 Project Team A

http://www.devryhomework.com/product/engl-219-week-8-project-team-a/

Bessie Flowers's insight:
Course Project Due in Week 8

Finalize your class newspaper. Your newspaper and newspaper code of ethics (both as Microsoft Word documents) are due this week (see the Syllabus for the due date). Your editor-in-chief should submit your FINAL newspaper to the Dropbox. See the Course Project tab under Course Home for more details.

Use the Wire Service Style for writing located on page 500 in Appendix 2.

Submit your assignment to the Dropbox located on the silver tab at the top of this page. For instructions on how to use the Dropbox, read these step-by-step instructions or watch this Tutorial Dropbox Tutorial.

See the Syllabus section “Due Dates for Assignments & Exams” for due date information.

more...
No comment yet.
Scooped by Bessie Flowers
Scoop.it!

ENGL 135 Week 8 Final Research Paper

http://www.devryhomework.com/product/engl-135-week-8-final-research-paper/

Bessie Flowers's insight:

Homework

Your final research paper should be 8-10 pages, not including an APA cover page and References page. It is worth 150 points and is due the Thursday of Week 8 to the Dropbox.

Course Project

Use the first and second drafts of your research paper to complete your final research paper. You have already received feedback on the first draft of your paper. Retrieve your first draft of the research paper from the Dropbox; use the feedback you received to make any corrections, edit carefully, and make any improvements necessary for you to earn a top grade. For the second draft of the research paper, your classmates gave you feedback in Week 7 Discussion topic 2; use this feedback to improve this section of the paper as well. Put it all together as your final research paper; see the sample in Doc Sharing on standardized testing. Refer also to the Document Format document in Doc Sharing, Finally, refer to the Course Project under the Course Home tab for information about the Research Paper.

more...
No comment yet.
Scooped by Bessie Flowers
Scoop.it!

FIN 515 Week 6 Exam

http://www.devryhomework.com/product/fin-515-week-6-exam/

Bessie Flowers's insight:

1. (TCO D) A stock just paid a dividend of D0 = $1.50. The required rate of return is rs = 10.1%, and the constant growth rate is g = 4.0%. Which is the current stock price? (Points : 10)

2. (TCO D) If D0 = $2.25, g (which is constant) = 3.5%, and P0 = $50, which is the stock’s expected dividend yield for the coming year? (Points : 10)

3. (TCO D) Carter’s preferred stock pays a dividend of $1.00 per quarter. If the price of the stock is $45.00, which is its nominal (not effective) annual rate of return? (Points : 10)

4. (TCO E) Bankston Corporation forecasts that if all of its existing financial policies are followed, its proposed capital budget would be so large that it would have to issue new common stock. Because new stock has a higher cost than retained earnings, Bankston would like to avoid issuing new stock. Which of the following actions would reduce its need to issue new common stock? (Points : 10)

5. (TCO E) Duval Inc. uses only equity capital, and it has two equally sized divisions. Division A’s cost of capital is 10.0%, Division B’s cost is 14.0%, and the corporate (composite) WACC is 12.0%. All of Division A’s projects are equally risky, as are all of Division B’s projects. However, the projects of Division A are less risky than those of Division B. Which of the following projects should the firm accept? (Points : 10)

6. (TCO D) Assume that you are a consultant to Broske Inc., and you have been provided with the following data: D1 = $0.67, P0 = $27.50, and g = 8.00% (constant). Which is the cost of common from retained earnings based on the DCF approach? (Points : 10)

7. (TCO F) Cornell Enterprises is considering a project that has the following cash flow and WACC data. Which is the project’s NPV? Note that a project’s expected NPV can be negative, in which case it will be rejected

8. (TCO F) Simkins Renovations Inc. is considering a project that has the following cash flow data. Which is the project’s IRR? Note that a project’s IRR can be less than the WACC (and even negative), in which case it will be rejected.

9. (TCO F) Masulis Inc. is considering a project that has the following cash flow and WACC data. Which is the project’s discounted payback?

10. (TCO H) Temple Corp. is considering a new project, which has data as shown below. The equipment that would be used has a 3-year tax life, would be depreciated by the straight-line method over its 3-year life, and would have a zero salvage value. No new working capital would be required. Revenues and other operating costs are expected to be constant over the project’s 3-year life. What is the project’s NPV?

more...
No comment yet.
Scooped by Bessie Flowers
Scoop.it!

FIN 515 Week 4 Exam

http://www.devryhomework.com/product/fin-515-week-4-exam/

Bessie Flowers's insight:

(TCO A) Which of the following statements is CORRECT?

  It is generally more expensive to form a proprietorship than a corporation because, with a proprietorship, extensive legal documents are required. Corporations face fewer regulations than sole proprietorships. One disadvantage of operating a business as a sole proprietorship is that the firm is subject to double taxation, at both the firm level and the owner level.One advantage of forming a corporation is that equity investors are usually exposed to less liability than in a regular partnership.If a regular partnership goes bankrupt, each partner is exposed to liabilities only up to the amount of his or her investment in the business.

(TCO G) Which of the following statements is CORRECT?

In the statement of cash flows, a decrease in accounts receivable is reported as a use of cash.Dividends do not show up in the statement of cash flows because dividends are considered to be a financing activity, not an operating activity.In the statement of cash flows, a decrease in accounts payable is reported as a use of cash.In the statement of cash flows, depreciation charges are reported as a use of cash.  In the statement of cash flows, a decrease in inventories is reported as a use of cash.

(TCO G) LeCompte Corp. has $312,900 of assets, and it uses only common equity capital (zero debt). Its sales for the last year were $620,000, and its net income after taxes was $24,655. Stockholders recently voted in a new management team that has promised to lower costs and get the return on equity up to 15%. What profit margin would LeCompte need in order to achieve the 15% ROE, holding everything else constant?

(TCO B) Suppose a State of New York bond will pay $1,000 10 years from now. If the going interest rate on these 10-year bonds is 5.5%, how much is the bond worth today?

(TCO B) Your father paid $10,000 (CF at t = 0) for an investment that promises to pay $750 at the end of each of the next five years, then an additional lump sum payment of $10,000 at the end of the fifth year. What is the expected rate of return on this investment?

(TCO B) Suppose you borrowed $14,000 at a rate of 10.0% and must repay it in five equal installments at the end of each of the next five years. How much interest would you have to pay in the first year?

(TCO D) A 10-year bond pays an annual coupon, its YTM is 8%, and it currently trades at a premium. Which of the following statements is CORRECT?

(TCO D) Ezzell Enterprises’ noncallable bonds currently sell for $1,165. They have a 15-year maturity, an annual coupon of $95, and a par value of $1,000. What is their yield to maturity?

(TCO C) Niendorf Corporation’s five-year bonds yield 6.75%, and five-year T-bonds yield 4.80%. The real risk-free rate is r* = 2.75%, the inflation premium for five-year bonds is IP = 1.65%, the default risk premium for Niendorf’s bonds is DRP = 1.20% versus zero for T-bonds, and the maturity risk premium for all bonds is found with the formula MRP = (t - 1) x 0.1%, where t = number of years to maturity. What is the liquidity premium (LP) on Niendorf’s bonds?

(TCO C) Other things held constant, if the expected inflation rate decreases and investors also become more risk averse, the Security Market Line would be affected as follows:

more...
No comment yet.
Scooped by Bessie Flowers
Scoop.it!

FIN 515 Entire Course / Everything Included + Final Exam (4 sets )

http://www.devryhomework.com/product/fin-515-entire-course-everything-included-final-exam-4-sets/

Bessie Flowers's insight:

FIN 515 Entire Course / Everything Included + Final Exam (4 sets )

more...
No comment yet.
Scooped by Bessie Flowers
Scoop.it!

ENGL 227 Entire Course

http://www.devryhomework.com/product/engl-227-entire-course/

Bessie Flowers's insight:

ENGL 227 Week 1 DQs

ENGL 227 Week 1 memo denying leave

ENGL 227 Week 2 chronologial resume

ENGL 227 Week 2 DQs

ENGL 227 Week 3 DQs

ENGL 227 Week 3 In-class activity participation (group)

ENGL 227 Week 3 rash of rashes

ENGL 227 Week 4 DQs

ENGL 227 Week 4 informal report & team participation memo

ENGL 227 Week 5 DQs

ENGL 227 Week 5 sales letter & team participation memo

ENGL 227 Week 6 B In-class activity participation (group)

ENGL 227 Week 6 DQs

ENGL 227 Week 6 table of contents & introduction

ENGL 227 Week 7 DQs

ENGL 227 Week 8 DQ

ENGL 227 Week 8 Formal Report

more...
No comment yet.
Scooped by Bessie Flowers
Scoop.it!

ENGL 219 Entire Course

http://www.devryhomework.com/product/engl-219-entire-course/

Bessie Flowers's insight:

ENGL 219 Week 1 DQs

ENGL 219 Week 1 Is It Newsworthy

ENGL 219 Week 2 Discuss a Legal Ethical Issue

ENGL 219 Week 2 DQs

ENGL 219 Week 3 DQs

ENGL 219 Week 3 Obituary

ENGL 219 Week 4 Conduct an Interview & Write a Feature Article

ENGL 219 Week 4 DQs

ENGL 219 Week 5 DQs

ENGL 219 Week 5 News Article

ENGL 219 Week 6 DQs

ENGL 219 Week 6 Sports Article

ENGL 219 Week 7 DQs

ENGL 219 Week 8 Project Team A

more...
No comment yet.
Scooped by Bessie Flowers
Scoop.it!

ENGL 135 Entire Course / Advanced Composition / Graded A

http://www.devryhomework.com/product/engl-135-entire-course-advanced-composition-graded-a/

Bessie Flowers's insight:

Week 1 – Restaurant Evaluation

Week 2 – Omnivore’s Dilemma Book Review

Week 3 – Position Paper

Week 4 – Research Proposal

Week 5 – Annotated Bibliography

Week 6 – Research Paper Draft

Week 7 – Revising the Research Paper

Week 8 – Final Research Paper

All Discussion Questions

more...
No comment yet.