Obtain a comprehensive understanding of the financial environment and adequately define financial…

Midterm Examination Financial Management – Theory and ApplicationDeadline As per the VLELearning Objectives for Course 1. Obtain a comprehensive understanding of the financial environment and adequately define financial terms 2. Have an ability and readiness to formulate, examine and defend business case judgments, as well as recognize ethical dilemmas and corporate social responsibility issues in Finance, 3. Conceptually understand the main theories of Corporate Finance and have a commitment to their practical mathematical application 4. Compare and appraise theories that underlie current thinking in Corporate Finance and Investment, demonstrate and evaluate how these theories can be applied in practical situations, 5. Demonstrate effective oral communication of complex ideas and arguments, possess developed listening skills.Guidelines for assignment ? This is an individual assignment, no group work or collaboration is allowed.?? ?? ? Ground your answer in relevant theory?? ?? ? Plagiarism and reproduction of someone else’s work as your own will be penalized?? ?? ? Make use of references, where appropriate – Use Harvard or APA referencing method.?? ?? ? Structural elements should include an introduction, main body, and a conclusion?? ?? ? Weight – 40%?? ?? ? Word count guidance: 2000 words?? ?? ? Type of assignment: Business Report ?? ?? ? Start / Finish : Week 4-5?? ?? ? Learning Outcome Assessed: 1,2,3,4,5??Part 1The directors of M &R plc wish to expand the company’s operations. However, they are not prepared to borrow at the present time to finance capital investment. The directors have therefore decided to use the company’s cash resources for the expansion programme. Three possible investment opportunities have been identified. Only £600,000 is available in cash and the directors intend to limit the capital expenditure over the next 12 months to this amount. The projects are not divisible and none of them can be postponed. The following cash flows do not allow for inflation, which is expected to be 12% per annum constant for the foreseeable future. Expected net cash flows (including residual values) Initial investment Year 1 Year 2 Year 3 Project £ £ £ £ A -310,000 96,000 113,000 210,000 B -115,000 45,000 42,000 47,000 C -36,000 -41,000 -23,000 127,000The company’s shareholders currently require a return of 16 per cent nominal on their investment. Ignore taxation.Requireda) Explain how inflation affects the rate of return required on an investment project, and the distinction between a real and a nominal approach to the evaluation of an investment project under inflation. (7 marks) b) I. Calculate the expected net present value and profitability indexes of the three projects; and II. Comment on which project(s) should be chosen for the investment, assuming the company can invest surplus cash in the money market at 10 per cent. (15 marks) c) Discuss whether the company’s decision not to borrow, thereby limiting investment expenditure, is in the best interests of its shareholders. (8 marks)Part 2True/False and Multiple Choice Questions and Short Answers (10 marks, 0.5 marks each)Please attempt all answers. The questions for this part of the assignment are to be included in your document with Part 1.True/False:Q1. At some level, an additional increase in the size of the firm’s total capital budget may lead to a decrease in the NPVs of all the investments being considered.Q2. Sole proprietorship is an owner’s only business.Q3. The main function of the capital budget is to forecast the funds needed for future investments that must be raised through external funding, that is, by selling stock or bonds.Q4. When a project’s NPV exceeds the project’s IRR, then the project should be accepted.Q5. When examining two mutually exclusive projects, the financial manager should always select that project whose internal rate of return is the highest provided the projects have the same initial cost.Multiple ChoiceQ6. Which of the following is correct? With regard to information, a central idea of fairness suggests thata) outsiders should not be allowed to trade since, by definition, they are at a disadvantage. b) insiders should never be able to trade. c) decisions should be made on an even playing field. d) insiders should be able to trade whenever they want.Q7. Identify which of the following capital budgeting methods might not consider the salvage value of a machine being considered for purchase? a. Internal rate of return. b. Net present value. c. Payback. d. Discounted payback. e. Answers c and d are both correct.Q8. When the calculated NPV is negative, then which of the following must be true? The discount rate used is a. Equal to the internal rate of return. b. Too high. c. Greater than the internal rate of return. d. Too low. e. Less than the internal rate of return.Q9. Which of the following indices is not a broad market average index? a) CAC-40 b) DAX c) FTSE 100 d) Amex Oil IndexQ10. Use the following table to calculate the expected return for the asset.Return Probability 0.10 0.25 0.20 0.50 0.25 0.25What is the asset’s expected return? a) 20.00% b) 18.75% c) 17.50% d) 15.00% e) www.ucpmarjononline.co.ukQ11. Evaluate the two mutually exclusive capital budgeting projects that have the following characteristics: Cash Flows Year Project Q Project R 0 $(4,000) $(4,000) 1 0 3,500 2 5,000 1,100IRR 11.8% 12.0%If the firm’s required rate of return (k) is 10 percent, which project should be purchased? a. Both projects should be purchased, because the IRRs for both projects exceed the firm’s required rate of return. b. Neither project should be accepted, because the IRRs for both projects exceed the firm’s required rate of return. c. Project Q should be accepted, because its net present value (NPV) is higher than Project R’s NPV. d. Project R should be accepted, because its net present value (NPV) is higher than Project Q’s NPV. e. None of the above is a correct answer.Q12. Which of the following statements is false? a. The NPV will be positive if the IRR is less than the required rate of return. b. If the multiple IRR problem does not exist, any independent project acceptable by the NPV method will also be acceptable by the IRR method. c. When IRR = k (the required rate of return), NPV = 0. d. The IRR can be positive even if the NPV is negative. e. The NPV method is not affected by the multiple IRR problem.Q13. Two projects being considered are mutually exclusive and have the following cash flows:Year Project A Project B 0 -$50,000 -$50,000 1 15,625 0 2 15,625 0 3 15,625 0 4 15,625 0 5 15,625 99,500If the required rate of return on these projects is 10 percent, which would be chosen and why? a. Project B because of higher NPV. b. Project B because of higher IRR. c. Project A because of higher NPV. d. Project A because of higher IRR. e. Neither, because both have IRRs less than the cost of capital.Q14. Which of the following is correct? In computing the NPV of a capital budgeting project, one should NOT a) estimate the cost of the project. b) ignore the salvage value. c) make a decision based on the project’s NPV. d) discount the future cash flows over the project’s expected life.Q15. Which of the following is most correct? The modified IRR (MIRR) method: a. Always leads to the same ranking decision as NPV for independent projects. b. Overcomes the problem of multiple rates of return. c. Compounds cash flows at the required rate of return. d. Overcomes the problem of cash flow timing and the problem of project size that leads to criticism of the regular IRR method. e. Answers b and c are both correct.Q16. Which of the following is correct? Disadvantages of the payback method include the following. a) It ignores the time value of money. b) It is inconsistent with the goal of maximising shareholder wealth. c) It ignores cash flows beyond the payback period. d) All of these.Q17. Which one of the following statements about IRR is NOT true? a) The IRR is the discount rate that makes the NPV greater than zero. b) The IRR is a discounted cash flow method. c) The IRR is an expected rate of return. d) None of these.Q18. Which of the following is correct? When estimating the cost of debt capital for the firm we are primarily interested in a) the cost of short-term debt. b) the cost of long-term debt. c) the coupon rate of the debt. d) None of these.

Q19 A corporation has been presented with an investment opportunity which will yield cash flows of $30,000 per year in Years 1 through 4, $35,000 per year in Years 5 through 9, and $40,000 in Year10. This investment will cost the firm $150,000 today, and the firm’s required rate of return is 10 percent. Assume cash flows occur evenly during the year, 1/365th each day. What is the payback period for this investment? a. 5.23 years b. 4.86 years c. 4.00 years d. 6.12 years e. 4.35 yearsQ20. Which of the following is correct? Disadvantages of going public include all EXCEPTa) The transparency that results from this compliance can be costly for some firms. b) The costs of complying with ongoing listing and disclosure requirements. c) The high cost of the IPO itself. d) Managers’ tendency to focus on long-term profits.

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Create a presentation or podcast that summarizes the book and analyzes cultural representations…

Read a multicultural book of your choiceHostage to War: A True Story by Tatjana Wassiljewa, translated from German by Anna Trenter (Scholastic)

Choose one of the following options for your presentation:

· Slideshow (minimum of 14 slides)

Note:The presentation mode used for this assignment must be able to be uploaded to the course and be viewed on any computer.

Create a presentation or podcast that summarizes the book and analyzes cultural representations by including the following key elements:

· Title, author, illustrator, culture represented, and genre of book

· Summary of book

· Literary elements to include: characters, setting, plot, and theme

· Style and quality of writing

· Author and illustrator background including expertise for writing within the culture

· Benefits to the students

· Integration of culturally authentic language

· Accuracy of cultural details

· Power relationships between characters

Include detailed speakers notes or a transcript for your choice of presentation modality. Either should read as if you were presenting in person.

 

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Why do girls break the law? How do their reasons for law-breaking differ from males?…

Criminal Justice Theory

1. Why do girls break the law? How do their reasons for law-breaking differ from males? What changes are necessary in policy and practice to adequately prevent and respond to girls’ lawbreaking?

2. Shaw and McKay are known for their Social Disorganization Theory. It is a theory to explain differences in levels of offending across neighborhoods. Over the years, the theory has been expanded upon and further developed. Using the concepts of Social Disorganization Theory, explain how and why a particular neighborhood (Neighborhood A) may have a higher rate of juvenile delinquency than a second neighborhood (Neighborhood B).

3. How have biological explanations of delinquency been regarded in criminology? What is the state of the field today with regards to biology and crime?

4. Trace the evolution or development of anomie or strain theories from their origin to their modern variations. Be sure to name each theory and theorist(s) and discuss the similarities and differences between the theories.

5. All I need to know, including the behaviors that meet our society’s standard of conduct, I learned in Kindergarten. I have also come to understand that people can, later on in their life, learn to engage in criminal behavior in the same way they learn to play golf, drive a car, perform appendicitis surgery, or write a scholarly article. The acquisition, execution, and continued involvement in all types of behavior including those that are defined as a crime is learned. The learning process can be through observation, apprenticeship, and positive reinforcement. Discuss and assess the validity of the claims above. Identify and review the several theoretical versions that underpin these claims.

6. One of the most consistent and strongest relationships in the field of delinquency theory is that associating with delinquent peers is highly correlated with delinquency. Discuss the theoretical and empirical literature concerning delinquent peers and delinquency.

 

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Keuka Studies does custom metal sculptures of horses and other animals. A horse sculpture is… 1 answer below »

Keuka Studies does custom metal sculptures of horses and other animals. A horse sculpture is composed of numerous parts. They use a lathe to construct two types of parts. The ‘Body’ part is used to support the torso of the horse and the ‘Leg’ part is used to support the legs. Each horse sculpture needs 1 Body part and 4 Leg pans. Switching between either of the types of parts requires 25 minutes. Once ready to produce, the lathe produces a Body part In 4 minutes and a single Leg part In 2 minutes. The lathe only makes horse parts. For parts (a)—(0) assume Keuka operates a cyclic schedule in which they make 100 Body parts and then 400 Leg parts. Furthermore, assume the lathe Is the bottleneck.

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Write structural formulas for all the constitutional isomers of (a)C3H8 (b)C3H6 (c) C3H4 . . .

Write structural formulas for all the constitutional isomers of

(a)C3H8

(b)C3H6

(c) C3H4 . . .

 

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Infancy and Developmental Milestones Reference: Boyd, D & Bee, H (2006) Lifespan development…

Infancy and Developmental Milestones

Reference:

Boyd, D & Bee, H (2006) Lifespan development (4th ed) Upper Saddle River, NJ: Pearson/Allyn Bacon

1 What are the major milestones related to the physical development in infancy? Briefly describe these milestones How are motor, sensory, and perceptual skills developed in infancy?

2 What are the major milestones related to the cognitive development in infancy? Briefly describe these milestones What role does Piaget’s Cognitive Development Theory play in understanding the cognitive development of infants?

3 What are the major milestones related to the socioemotional development in infancy? Briefly describe these milestones How do social contexts affect the development of an infant? Provide an example in your response

 

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Let two cards be dealt succesively, with replacement, from a standard 52-card deck. Find the probabi

Let two cards be dealt succesively, with replacement, from a standard 52-card deck. Find the probability of each event: (Give your answer in fraction notation. Do not reduce fractions).12 face cards. Show your work.

 

a) No face cards

 

b) Two face cards

 

c) The first card is a jack and the second is a face card

 

d) Face card second given face card first

    • Posted: 4 years ago
    • Due: 28/02/2016
    • Budget: $5
     

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    The Sarbanes Oxley Act of 2002 SOX was drafted in response The Sarbanes-Oxley Act of 2002 (SOX) was.

    The Sarbanes Oxley Act of 2002 SOX was drafted in response

    The Sarbanes-Oxley Act of 2002 (SOX) was drafted in response to the much publicized accounting scandals such as Enron, WorldCom, etc. Conduct research on the SOX Act and prepare an essay that addresses the following:

    • Briefly summarize the Act.

    • How will SOX impact your career as an accountant?

    • Do you feel that SOX is doing a good job of preventing accounting fraud? Explain.

    The Sarbanes Oxley Act of 2002 SOX was drafted in response

     

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    Hi I need some help for this homework and I would like it to be done no later than tomorrow morning.

    Hi I need some help for this homework and I would like it to be done no later than tomorrow morning. Thank you so much.

     

    Topic: Attention Deficit Hyperactivity Disorder

    Create a Microsoft® PowerPoint® presentation in which you compare and contrast the major approaches to clinical psychology—psychodynamic, cognitive-behavioral, humanistic, and family systems—in relation to the selected disorder. Address the following items:

    • Discuss the philosophical origins of each approach.
    • Identify the goals of each approach.
    • Describe the techniques and strategies used by each approach.
    • Explain how each approach affects the treatment strategies for your selected disorder.
    • Evaluate the effectiveness of each approach, in relation to your selected disorder, based on treatment outcome research.

    Include speaker notes with your presentation.

    Incorporate information from at least five peer-reviewed publications.

    Cite each outside source on a slide titled References.

    Format your paper consistent with APA guidelines.

    Click the Assignment Files tab to submit your assignment.

      • Posted: 4 years ago
      • Due: 21/02/2016
      • Budget: $20
       

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