1.Explain why depreciation and amortization appear as an addition when net income is converted to cash flow from operations.
2.For 2016, Walmart shows an adjustment for inventories of negative $703 million. However, on the balance sheet, inventories declined from $45,141 million to 44,469 million, a difference of $672 million. Explain the $703 million adjustment and offer examples of why the adjustment differs from the change in inventory balance.
3.Estimate the amount of cash received from customers in 2016.
4.Discuss the relation between net income and cash flow from operations for of the three years.
5. Discuss the relations among cash flows from operating, investing, and financing activities for the three years.
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1 Explain Why Depreciation And Amortization Appear As An Addition When Net Income Is 2866916
/in Uncategorized /by developer1. Explain why depreciation and amortization appear as an addition when net income is converted to cash flow from operations.
2.For 2016, Walmart shows an adjustment for inventories of negative $703 million. However, on the balance sheet, inventories declined from $45,141 million to 44,469 million, a difference of $672 million. Explain the $703 million adjustment and offer examples of why the adjustment differs from the change in inventory balance.
3. Estimate the amount of cash received from customers in 2016.
4.Discuss the relation between net income and cash flow from operations for of the three years.
5.Discuss the relations among cash flows from operating, investing, and financing activities for the three years.
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1 Explain Why Depreciation And Amortization Appear As An Addition When Net Income Is 2866917
/in Uncategorized /by developer1.Explain why depreciation and amortization appear as an addition when net income is converted to cash flow from operations.
2.For 2016, Walmart shows an adjustment for inventories of negative $703 million. However, on the balance sheet, inventories declined from $45,141 million to 44,469 million, a difference of $672 million. Explain the $703 million adjustment and offer examples of why the adjustment differs from the change in inventory balance.
3.Estimate the amount of cash received from customers in 2016.
4.Discuss the relation between net income and cash flow from operations for of the three years.
5. Discuss the relations among cash flows from operating, investing, and financing activities for the three years.
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1 Explain Why Marginal Revenue Must Be Less Than The Price When A Firm Faces A Downw 1897799
/in Uncategorized /by developer1. Explain why marginal revenue must be less than the price when a firm faces a downward-sloping demand curve.
2. A monopolist is maximizing profit. Perhaps due to an innovation in some other product line, he finds that the elasticity of demand for his product is lower. What will this change in the elasticity of demand due to the profit of the monopolist? How will the monopolist respond to this change?
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1 Explain Why Externalities Prevent The Attainment Of Efficiency When 2862626
/in Uncategorized /by developerREVIEW QUESTIONS 1. Explain why externalities prevent the attainment of efficiency when goods are traded in competitive markets. 2. Do you agree with the following statement? “Effi-ciency cannot be achieved when externalities exist.” Explain your view. 3. Why do prices fail to represent the opportunity costs of resources when externalities exist? 4. How can a corrective tax adjust costs to reflect externalities? What effects will a corrective tax have on prices, output, and pollution? 5. Suppose a positive externality is associated with col-lege enrollment. Assume that college instruction is sold in a competitive market and that the marginal social cost of providing it increases with enrollment. Show how a corrective subsidy to college students will increase the market price of instruction. Show
the net gain in well-being possible from the subsidy and the amount of tax revenue required to finance its costs on your graph. 6. What kinds of information must be gathered to internalize an externality? 7. Why do limits on pollution emissions fail to inter-nalize the externality that generates the pollution? 8. Under what conditions are externalities likely to be internalized without the necessity of government intervention? 9. Why might it be argued that the distinction between emitters and receptors of an externality involves an arbitrary judgment? 10. What criteria can be used to determine if a small-number externality exists? Why is it undesirable to compensate receptors of external damage in cases where there are few emitters and many receptors?
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1 Explain Why Overpaid Government Employees Will Lead To An Overstatement Of Gdp Whe 1873298
/in Uncategorized /by developer1. Explain why ‘overpaid’ government employees will lead to an overstatement of GDP, whereas ‘overpaid’ private sector employees will not (see Appendix 1.A).
2. Consider an economy that produces bananas and bread. You have the following measurements:
(a) Compute the GDP in each year using current prices. Compute the growth rate in nominal GDP.
(b) Compute the real GDP in each year first using 2003 as the base year and then using 2004 as the base year. How does the rate of growth in real GDP depend on which base year is used? Explain. (Hint: note that the price of bread relative to bananas has increased).
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1 Explain Why The Ricardian Equivalence Theorem Is Unlikely To Hold In An Economy Th 1873333
/in Uncategorized /by developer1. Explain why the Ricardian Equivalence Theorem is unlikely to hold in an economy that experiences net immigration flows.
2. Demonstrate, with the aid of a diagram, how the Ricardian Equivalence Theorem will not hold for an economy where individuals are debt-constrained.
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1 Explain Why Speculating Against A Currency That Is Pegged Unilaterally To A Major 1873375
/in Uncategorized /by developer1. Explain why speculating against a currency that is pegged unilaterally to a major currency like the USD is close to a ‘no-lose’ betting situation. Hint: explain what a speculator is likely to lose/gain in either scenario: (a) a speculative attack fails to materialize; and (b) a speculative attack that succeeds in devaluing the currency.
2. If the Argentine government had simply dollarized instead of erecting a currency board, would a financial crisis have been averted? Discuss.
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1 Fernando Baltra Company Wished To Issue Zero Coupon Straight Debt With Approximate 2846604
/in Uncategorized /by developer1.Fernando Baltra Company wished to issue zero coupon straight debt with approximately a 15-year maturity. The company is rated single A by both Moody’s and S&P. How would you estimate the approximate yield if the October 1999 yield curve in Fig.1 and the spreads in Fig.2 prevailed? What is the approximate yield the company would pay?
2) Consider a 1-year risky zero coupon bond issued by company A. Suppose that the proba- bility of default (risk neutral) of A in 1-year is 0.5% and the recovery rate of the bond is 40%. Given riskless 1-year interest rate being 3% (continuously compounding), calculate the 1-year credit spread for company A.
3) Consider a 3-month European put option with a strike price of $100 on an underlying asset which has a current price of $90 and annualized volatility of 20%. The market interest rate is assumed to have a flat term structure so that the interest rate is a fixed quantity of 8%.
(a) Determine the option value by Black Scholes formula.
(b) What is the meaning of delta-normal approach to VAR for measuring risks of deriva- tives positions?
(c) What is the 99% daily delta-normal VaR in return of issuing this option? (Hint:z0.01=2.33)
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Part B: Homework Assignment (Please submit on or before the due date)1. Fernando Baltra Company wished to issue zero coupon straight debt with approximatelya 15-year maturity. The company is rated single A by both Moody’s and S&P. Howwould you estimate the approximate yield if the October 1999 yield curve in Fig.1 andthe spreads in Fig.2 prevailed? What is the approximate yield the company would pay?2. Consider a 1-year risky zero coupon bond issued by company A. Suppose that the proba-bility of default (risk neutral) of A in 1-year is 0.5% and the recovery rate of the bond is40%. Given riskless 1-year interest rate being 3% (continuously compounding), calculatethe 1-year credit spread for company A.3. Consider a 3-month European put option with a strike price of $100 on an underlyingasset which has a current price of $90 and annualized volatility of 20%. The marketinterest rate is assumed to have a ?at term structure so that the interest rate is a ?xedquantity of 8%.(a) Determine the option value by Black Scholes formula.(b) Whatisthemeaningofdelta-normalapproachtoVARformeasuringrisksofderiva-tives positions?(c) What is the 99% daily delta-normal VaR in return of issuing this option? (Hint:z =
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1 Families In Law And In Practice Struening Discusses Social And Legal Challenges Fa 2559174
/in Uncategorized /by developer1. Families “in Law” and “in Practice”
Struening discusses social and legal challenges faced by same-sex couples and families. What happens when race is added to the mix, e.g., for African American same-sex couples or for interracial same-sex couples? What cultural, legal or other tools might these couples and families use to resist discrimination on multiple fronts?
To answer this particular question, click the link above. Once you are in the forum, click the “Create Thread” button to view the question again, as well as, create and submit your answer.
2. Racial Literacy and How It Works
What is “racial literacy” as discussed in Rockquemore and Henderson? How do interracial couples use it to resist racism and border patrolling? What are other ways that racia/ethnic minority couples might resist racism? Think back to the Franklin article from Week 1. Did the African American dual career marriages that she studied present a form of resistance to racism? Why or why not?
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1 Figure Ii 4 Shows An Affine Transformation Acting On An F A Is This A Linear Trans 879188
/in Uncategorized /by developer1. Figure II.4 shows an affine transformation acting on an F.(a) Is this a linear transformation? Why or why not? (b) Express this affine transformation in the form x → Mx + u by explicitly giving M and u.
2. Prove the angle sum formulas for sin and cos:
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