Although objectives, functional tactics, and action items are included in many implementation plans,

Although objectives, functional tactics, and action items are included in many implementation plans, why do some organizations have a difficult time reflecting the plans they create?

In your experience, where do risk management plans fall short?

 

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he following questions must be answered in the report to receive full credit: Define and explain two

he following questions must be answered in the report to receive full credit:

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  • Why does a business depreciate?
  • What are three methods of depreciation?
  • Provide the formula for each of the three methods of depreciation along with an example and rationale for use.
  • Example would be straight line depreciation, provide the formula, and why a business would chose to use it.
    • Posted: 4 years ago
    • Due: 22/12/2015
    • Budget: $5
     

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    I need some help with the two questoins below. I have two companies that I am using for this. I will

     

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    1.     Apply the Capital Asset Pricing Model (CAPM) Security Market Line to estimate the required return on these two stocks. Assumptions and Data: Note that you will need the risk-free rate and the market risk premium. Assume a 5% market risk premium. To get the current yield on 10-year Treasury securities go to Finance!Yahoo’s (www.finance.yahoo.com)  -click on  Market Data – Bonds.  You will use the current yield on 10-year Treasury securities as the risk-free rate to estimate the required rate of return on stocks.

     

     

     

    2.     Compare the required return on these stocks calculated using CAPM in question #3 against the market's historical return over the last 52 weeks. Is there a difference between these returns?  Is this a problem?  Why is there a difference? 

     

     

     

     

     

     

      • Posted: 4 years ago
      • Due: 19/11/2015
      • Budget: $12
       

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      The subject is Enterprenourship My question is : How Enterprenourship has affected the Development a

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      LA TROBE BUSINESS SCHOOL DEPARTMENT OF FINANCE FIN2IFP Introduction to Financial Planning CASE…

      LA TROBE BUSINESS SCHOOL DEPARTMENT OF FINANCE

      FIN2IFP Introduction to Financial Planning

      CASE STUDY 1

      Due Date: 11.59 pm on Wednesday 3rd May 2017

      This assignment includes a lot of information and part of the learning exercise involves you being able to sort out the important information and facts about the client and to be able to construct a number of financial statements that allow you to identify issues and problems and formulate some appropriate strategies.

      Assessment Weight:

      Total of 20 marks.
      The assignment will be marked out of 40 and scaled back to 20 marks.

      Word Limit:

      Fourteen A4 pages typed in 12-point font plus appendices / spread sheets

      Submission:

      You are required to submit an electronic copy of your assignment submission through LMS by the due date.

      Late submission:

      If the assignment is submitted late without prior permission, a penalty will be imposed at the rate of2 marks deducted PER DAYthat the assessment is late.
      Assignments submitted more than one week late will not be marked and will receive a mark of zero. To pass this subject, students are required tosubmit and satisfy the requirements of the 2 assignments.

      Statement of Authorship

      A signed Statement of Authorship must be submitted with your assignment.

      Please provide the name of your tutor on the statement

      Tutors names are: Sam Tabit, Michael Elliot, Dario Bartolemeo

      CASE STUDY 1

      Jerry and Jenny Jones
      45 Trouble Street, Thornbury
      Jerry and Jenny Jones approach you for some financial planning advice. The couple earn a good level of combined income and enjoy a very comfortable lifestyle. They have accumulated a few investments but have not taken much interest in their superannuation balances. However, they have read a few reports of late which point out that the accumulated superannuation balances of many Australians will not be sufficient to support their retirement. The couple now feels that perhaps the time has come to seek some professional advice before it is too late.

      INITIAL MEETING–May 2016

      1. Personal Details:

      Jerry Jones

      Address–45 Trouble Street, Thornbury
      Age–45
      Health–good (smoker)
      Employment: Marketing manager with Support Beds

      -Salary of $105,000 p.a. plus 9.5% superannuation guarantee contribution based on salary
      -Employer allows salary sacrificing

      Jenny Jones

      Address – 45 Trouble Street, Thornbury
      Age–45
      Health–good (non-smoker)
      Employment: Part-time accountant (4 days a week) at Creative Accounts

      -Salary of $50,000 p.a. plus 9.5% superannuation guarantee contribution based on salary
      -Employer allows salary sacrificing

      The couple has 3 children: Jack (aged 14), Jade (aged 12) and Jasmine (aged 8).

      2.

      ? ?

      ? ?

      ? ? ?

      Client objectives:

      Build wealth between now and when they retire–expected to be when Jerry and Jenny turn 60
      The couple estimate they will require a combined real income of $58,000 per annum in present value dollars from their superannuation funds when they retire

      They want an investment plan that is easy to manage
      The want to ensure that their overall investments are well proportioned based on their risk profile and of a suitable quality
      To continue to have their children attend private schools.
      They would like to minimise their tax liability as much as possible
      They wish to reduce their level of debt as quickly as possible

      FIN2IFP Introduction to Financial Planning Semester 1, 2017

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      3. Attitude to investment risk:

      The couple advise that they have a reasonably good knowledge and interest in financial markets but do not have the time to manage their investments themselves. They are prepared to take on some risk in order to achieve a higher rate of return but not an excessive amount of risk. They realise that there will be some short-term volatility in financial markets and are prepared to invest for the long-term. They also realise that their current investment allocation and plan is unlikely to provide them with an appropriate nest-egg in retirement.

      The couple has completed the following table to assist you in the task of identifying their risk profile.

      Your concerns. Mark each dotted line with a number.
      Not concerned: 1 Slightly concerned: 2 Concerned: 3 Very concerned: 4

      …4Keep pace with inflation…4 Desire for tax effectiveness
      …2Easy access to cash…2Need to receive income from investments

      …3Easy to manage…4Desire for capital growth from investments …2Attitude to short-term volatility in investments

      4. Assets and liabilities–expected as at June 2016:

      Assets

      Cost and year of purchase

      Current market value at 30 June

      Owner

      Net return

      Family home

      $480,000 March 2005

      $620,000

      Joint

      Nil

      Boat

      $25,000 January 2005

      $20,000

      Jerry

      Nil

      Cars

      $42,000 October 2011 $22,000
      June 2008

      $35,000 $12,000

      Jenny Jerry

      Nil Nil

      House contents

      $90,000

      $50,000

      Joint

      Nil

      Commonwealth Bank shares 625 shares

      $25,000 November 2002

      $53,000

      Jenny

      Fully franked dividend of 4% p.a. of current value

      Savings account with Bundoora credit union

      $26,900

      Jerry

      1% p.a.

      Term deposit with Bundoora credit union–3 month rolling balance

      $165,000

      Jerry

      2.7% p.a.

      Superannuation -conservative fund

      $195,000

      Jerry

      5.2% p.a. (average 5 year returnafter taxes and fees)

      Superannuation -capital stable fund

      $135,000

      Jenny

      4.9% p.a. (average 5 year returnafter taxes and fees)

      FIN2IFP Introduction to Financial Planning Semester 1, 2017

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      Notes

      • ? The savings account balance is the expectedclosing balance as at 30 June 2016and

        already incorporates all cash inflows and outflows made during the year.

      • ? The opening savings account balance can be assumed to be $12,800.

      • ? The super balances for both Jerry and Jenny are made up solely from the 9.5%

        compulsory employer contributions. The couple have not made any additional

        voluntary contributions at this stage.

      • ? The couple’s superannuationis made up of the following:

        oJerry: Cash 10%; Fixed Interest 35%; Property 15%; Australian shares 30%; International shares 10%.

        oJenny: Cash 20%; Fixed Interest 40%; Property 10%; Australian shares 20%; International shares 10%.

        Liabilities

      Item

      Owner

      Amount outstanding

      Annual repayments

      Interest rate

      Family home mortgage -15 years

      Joint

      $250,000

      $25,400

      5.8% p.a.

      Personal car loan -5 years

      Jerry

      $16,000

      $4,100

      8.5%

      Credit card

      Joint

      $6,000

      Paid in full each month by due date so no interest is charged

      16.5%

      5. Budgeted expenses for 2016 financial year

      Mortgage and loan payments (including interest and principle)

      $29,500

      Work related expenses – tax deductible (Jerry $1,500 and Jenny $1,000)

      $2,500

      Insurance

      $3,000

      Household (eg food, clothes)

      $25,800

      Private education expenses

      $17,000

      Utilities

      $4,300

      Entertainment

      $8,000

      Travel and holidays

      $7,000

      Motor vehicle expenses (includes comprehensive car insurance)

      $8,500

      Sundries

      $2,000

      Additional information / assumptions:

      • ? Interest received on the savings account should be based on the opening savings account balance each year

      • ? Term deposit interest rates can be assumed to remain unchanged. You can also assume that interest received on the term deposit is withdrawn as cash each year and forms part of the cash flow statement.

      • ? The capital value of the shares is expected to grow by 5% p.a. The value of the family home is expected to grow by 7% p.a. whilst the contents and boat can be assumed to increase by the CPI. You can ignore changes to the value of the cars.

      • ? All of thecouple’s expenses will increase by the CPI each year

      • ? The salary of Jerry and Jenny will increase by the CPI each year

      • ? CPI is 3.0% p.a.

        FIN2IFP Introduction to Financial Planning Semester 1, 2017

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      • ? Superannuation earnings are to be based upon the opening superannuation account balance

      • ? Annual loan repayments remain the same dollar amount each year until all debts are paid off

      • ? Any cash surplus (deficit) is accumulated in thecouple’s savings account.

      • ? The couple’seldest child Jack requires a lap-top computer for school–expected cost

        of $3,500 required during semester 2 2016.

      • ? The credit card is used to pay their normal household expenses

      • ? The couple advises that during the 2017/18 financial year, the kitchen will need

        renovating at an expected cost of $35,000. They expect to fund this by withdrawing

        monies from their term deposit.

      • ? The couple do not have private health insurance

      • ? Use current tax rates for all tax calculations

        SECOND MEETING–end of June 2016

      • ? Jenny advises that she is to be retrenched from her employment effectivefrom 1 July 2016and that she will receive a lump sum termination payment from her employer of around $15,000 in accrued annual and long service leave and other employment payments. Assume these are fully taxable.

        Jenny wants to now stay at home for a period to look after the children and will not seek to resume employment until 1 July 2017 (expected pre-tax salary of around $30,000 p.a. working 2.5 days a week; work related expenses of $500).

      • ? To cover the lost income in the event of a retrenchment, the couple advise that although they would like to retain their current lifestyle as much as possible, they are prepared to reduce their entertainment expenses to a net $5,000 p.a. and reduce their travel and holiday expenses also to a net $5,000 p.a. commencing in July 2016. They do not believe they could cut back on much else.

        Required:

        The couple requests that you analyse their current and future financial situation based on the above information and provide some suggestions on how they could improve their long-term net wealth. The couple are not sure what their financial situation will be once Jenny is retrenched although they realise it will be a struggle.

        You are required to prepare a report for the couple answering the issues detailed below. The report should be addressed and written for the couple. The report should contain acovering letteraddressed to the coupledetailing the purpose and general content of the report. There are no specific requirements for the format of the report. It should be user friendly for the client, answer the following questions through the use of headings, and make use of tables, charts etc where appropriate.

        You are required to provide the following:

      1. Cash flow statements for the 3 financial years ending 30 June 2016 – 2018, including detailed tax calculations (use current tax rates).

      FIN2IFP Introduction to Financial Planning Semester 1, 2017

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      2. Balance sheets for the 3 financial years ended 30 June 2016-2018.

      3. i

      An excel spreadsheet of accumulated superannuation for both Jerry and Jenny for each year from 1 July 2016 to their retirement in 30 June 2031.

      You should use the following column headings in your spread sheet to illustrate the accumulation of their superannuation funds to retirement.

      Year

      Age

      Salary

      Opening super balance

      Add employer super contributions

      Less 15% contributions tax

      Add net earnings

      Closing super balance

      ii An excel spread sheet of accumulated superannuation for both Jerry and Jenny from the commencement of their retirement on 1 July 2031 detailing how long their superannuation is likely to last.

      Year

      Age

      Opening super balance

      Less pension withdrawal

      Add net earnings

      Closing super balance

      4. i.

      To answer this part of the question, you are required to:

      • ? determine what amount of “real income”the couple require from their

        superannuation accounts at the time of retirement (see client objectives).

      • ? based on receiving the required level of “real income” in retirement,

        determinehow many years the couple’s accumulated superannuation is likely to generate an income (ie. withdraw a pension payment).

        You can assume that the couple combine their accumulated super into one combined pension account upon retirement and earn the rate of return currently received by Jerry.

        You should use the following column headings in your spread sheet to illustrate the reduction of their superannuation funds in retirement:

        Determine what you believe the risk profile of the couple to be based on the information provided in this case study (ie. conservative, balanced, growth, highly aggressive etc) and discuss the reasons for your view.

      iiDetermine the couple’s current asset allocation (across all their investments including super) in both $ and % terms and present this in the form of the following table.

      Discuss the extent to which thecurrent asset allocation is consistent with the couple’s risk profile determined in (i) above.

      FIN2IFP Introduction to Financial Planning Semester 1, 2017

      6 of 7

      Current asset allocation

      Name of investment

      Cash

      Fixed interest

      Property

      Australian shares

      International shares

      Total

      Total of asset class in $ terms

      Total of asset class in % terms

      5. i.

      Critically analyse the financial situation of Jerry and Jenny based on the information provided and provide an overall analysis of the couple’ssituation identifying problem areas and weaknesses.

      ii. Based on the weaknesses identified above, provide any four possible financial strategies that the couple may be able to use to improve their short-term and long- term financial situation.
      You are required to write a paragraph for each strategy explaining generally how the strategy works and what the benefits and risks are for the couple. As a guide, a discussion of 150-200 words per strategy would be expected.

      6. The couple are thinking about borrowing some money to buy an investment property in 2018.

      Do you believe this is a good strategy for the couple? Discuss the appropriateness of the strategy for the couple including the benefits and disadvantages of negative gearing and investing into property.

      Based on using the funds from the balance of the term deposit and requiring a 20% deposit to be able to purchase an investment property, what price range is the couple reasonably able to afford and accordingly how much will they be required to borrow from a bank? Will the couple be able to afford to pay the loan repayments? Discuss.

      FIN2IFP Introduction to Financial Planning Semester 1, 2017

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      Attachments:

       

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      Instructions: The powerpoint is on Egoism and how it relates to abortion. You have to provide an…

      Instructions:

      The powerpoint is on Egoism and how it relates to abortion. You have to provide an approach to abortion using the egoism theory.

      * Must be 10-12 slides including speakers notes*

      * Must Have a title page and reference page in APA format*

      * Also pictures must be included in powerpoint as well*

      * Again for thi approach to the issue using one of the ethical theories( Egoism)

       

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      What is the p value for the correlation between rating_1 and rating_2?…

      a) What is the p value for the correlation between rating_1 and rating_2? b) What is the correlation between number of citations and number of publications? c) What is the correlation between number of citations and instructor quality? Q2. What is the relationship between the number of articles published and the overall quality of the instructor? Q3. Based on these results, please interpret the tables and write a result section.

      Attachments:

       

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      A. Compare the existing internal control environment at Microsoft to management’s responsibility… 1 answer below »

      A. Compare the existing internal control environment at Microsoft to management’s responsibility for designing effective internal controls outlined in the textbook, and identify the deficiencies that existed. Speculate on what types of internal controls could have been designed to detect the accounting irregularities, and provide at least two reasons why the internal controls that were in place at Microsoft were not effective in detecting the accounting errors. Provide specific examples.

      B. Discuss the importance of senior management in setting the tone at the top for honesty and integrity within a company. Identify at least two consequences of management not establishing a code of ethics, and describe the impact on the internal control environment. Provide examples.

      C.The SEC released its final rule to implement a code of ethics under SOX Title 404. The stock exchanges have proposed that each company listed on the exchanges publishes its code of ethics. Discuss whether or not these additional disclosures will both have a positive impact on public confidence and influence investors’ behavior. Support your position.

      • D. Evaluate the impact that a company’s code of conduct can have on promoting positive employee behavior, improved decision making, or the willingness to report unethical behavior of coworkers. Recommend at least two ethical policies that might encourage employees to report unethical behavior.
      • E. Determine both the relationship of risks in the planning of the audit and factors that influence those risks. Speculate on which type of risk creates the most uncertainty for the auditor, and recommend at least two ways to plan the audit to mitigate those risks. Provide specific examples.
      • F. Imagine that you are a senior auditor, and your firm has been selected to audit a medium-sized sporting goods company with one single location. Describe the four phases of an audit and discuss the key factors that would help you determine how to plan the audit for this company. Provide specific examples.

      I need 100 words for each questions please

       

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