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Please Provide a 2 to 3 page article review for each, there attached on this question. Your discussion should include a brief summary (including the big ideas or major points of the article) along with some synthesis of the ideas and some of your own thoughts. You should draw any parallels with your textbook readings (Investments, Bodie and Kane 9th Edition) or with current events. This assignment is due on Sunday, August 16, 2015 at 11:59 pm.  Have fun studying.

  • Attachment 1
  • Attachment 2
 
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Financial Analysis

Choose a public company on the stock exchange market, download its financial report and

perform an analysis based on what you learned in this class.

(Hint: You might need to compare with the industry average or a competitor)

**********

Submit two to four pages (double space) to summarize your finding and state whether you

would like to invest in this company or not.

Give at least 2 valid academic references for each answer outside the textbook.

Follow APA

 
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Week 2

Prepare Financial Forecast Using

Excel Financial Forecasting

(Rev. 081117)

For this assignment, use the company that you selected previously for the four class assignments.  The selections were made on a first come, first served basis; students can’t use the same companies.

Students may elect to use the eVal Financial Forecasting Model or Prof. Marcoux’s Excel Financial Forecasting model for this assignment.

If the eVal model is selected, make sure that financial information is available for the company that is selected for the assignment(See: http://www.lundholmandsloan.com).  Similarly, if Prof. Marcoux’s model is used for the assignment make sure that financial information is available (e.g., UMUC Library Mergent Online Database, etc.).  (Note: Alternatively, the ValuePro.net model may be used but the final score for the assignment will be reduced by 20% if that alternative is selected.)

The actual Excel forecasting model (either eVal or Prof. Marcoux’sFinancial Forecasting Model) must be submitted with the assignment.

The analysis needs to include:

1. Explanation of Growth Rates – Include an explanation about growth rate projections for the company.  (Note: it is difficult to justify terminal or long-term growth rates that exceed the growth rate of the economy, e.g., 3%; in the short-run, higher rates may be appropriate.)

2. Explanation of All Other Assumptions – Include an explanation of all other assumptions related to future operating performance including costs, margins, efficiency, capitalization, etc.  Note: All assumptions used in the forecast need to be explained in the written analysis.  A worksheet is provided for this analysis and it should be incorporated as a “table” in the written analysis.

3. Explanation and Interpretation of Projected Financial Statements – Explanation and interpretation of the projected financial statements and discounted free cash flows to include pro forma financial statements (income statements, balance sheets, and statements of cash flows). 

4. Explanation and Interpretation of Overall Forecast Results – Examination and interpretation of the overall forecast results and the projected financial ratio analysis.

Writing Instructions

The discussion portion of the analysis should be three to five pages in length, double spaced, and should employ APA style and format for reference citations. Supporting data (e.g., figures, tables, etc.) and references should be submitted limited to four separate attachments in an appendix after the written portion of the paper.

The paper should begin with a short introduction (explains the purpose of the paper and provides an overview of the contents that follow) and then proceed to examine the four topics outlined in the previous section.

The subheadings used in the paper should be:

1. Introduction

2. Explanation of Growth Rates

3. Explanation of All Other Assumptions

4. Explanation and Interpretation of Projected Financial Statements.

5. Explanation an Interpretation of Overall Forecast Results & Financial Ratios

Evaluation: 12.5% of final course grade.

Completeness of analysis: The analysis must demonstrate a solid understanding of forecasting and analysis.  All assumptions used in preparing the projections of the company need to be thoroughly explained. 

Organization: The paper should be well-organized and follow a logical pattern of analysis and discussion.

Presentation: Papers should meet professional business standards and meet APA formatting requirements. 

Spelling, punctuation, and grammar: There should be few errors in grammar and punctuation. All sentences must be complete and well-structured.

Submission and Format:The completed paper is to be submitted to the “Gradebook” location designated for the assignment.  The paper must be in Word format otherwise no credit is earned for the assignment. The Excel forecasting model is to be submitted (either eVal or Prof. Marcoux’s Excel Forecasting Model).

The paper is also to be submitted to the Online Classroom.  This will allow students to examine and discuss the various projects.

 
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Financial Engineering

A1 A portfolio manager expects to purchase a portfolio of stocks in 90 days. In order to hedge against a potential price increase over the next 90 days, she decide to take a long position on a 90-day forward contract on the S&P 500 stock index. The index is currently at 1145. The continuously compounded divied yield is 1.75% . The risk-free rate is 4.25%.

a) Calculate the non-arbitrage forward price on this contract. b) It is now 28 days since the portfolio manager entered the forward contract. The index value is at 1225. Calculate the value of the forward contract 28 days into the contract. c) At expiration, the index value is 1235. Calculate the value of the forward contract 28 days into the contract.

A2 Consider a U.S.-based company that exports goods to Switzerland. The U.S. Company expects to receive payment on a shipment of goods in three months. Because the payment will be in Swiss francs, the U.S. Company wants to hedge against a decline in the value of the Swiss franc over the next three months. The U.S. risk-free rate is 2 percent, and the Swiss risk-free rate is 5 percent. Assume that interest rates are expected to remain fixed over the next six months. The current spot rate is $0.5974

a) Indicate whether the U.S. Company should use a long or short forward contract to hedge currency risk. b) Calculate the no-arbitrage price at which the U.S. Company could enter into a forward contract that expires in three months. c) It is now 30 days since the U.S. Company entered into the forward contract. The spot rate is $0.55. Interest rates are the same as before. Calculate the value of the U.S. Companys forward position.

A3 Suppose that you are a U.S.-based importer of goods from the United Kingdom. You expect the value of the pound to increase against the U.S. dollar over the next 30 days. You will be making payment on a shipment of imported goods in 30 days and want to hedge your currency exposure. The U.S. risk-free rate is 5.5 percent, and the U.K. risk-free rate is 4.5 percent. These rates are expected to remain unchanged over the next month. The current spot rate is $1.50.

a) Indicate whether you should use a long or short forward contract to hedge currency risk. b) Calculate the no-arbitrage price at which you could enter into a forward contract that expires in three months. c) Move forward 10 days. The spot rate is $1.53. Interest rates are unchanged. Calculate the value of your forward position.

 
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Financial CrisisStudent`s NameInstitutional Affiliation 

Financial Crisis    Financial crisis is discovered when organizations, country, or any other financial assets lose a huge part of their nominal value, which can either be the value on a note like dollar bill or the exact amount of a share and bond at the time of its issuance (Kindleberger & Aliber, 2005). It does not represent the current market price of the share. Moreover, a number of factors related to market value may cause the crises. Notably, financial crisis mostly lead to the loss of paper wealth but does not cause or alter the real economy in most cases. Many theories have been developed by economists to explain the development of financial crisis but none of the theories has helped in preventing it from happening. Causes of Financial Crisis of 2008Deregulation    Deregulation is the primary cause of the crisis and occurs when regulations and restrictions in particular firms or industries are removed. According to  Kindleberger and Aliber (2005), deregulation in the financial industry allows banks to be involved in hedge fund trading in regard to their derivatives. As a result, the banks demands for more mortgages to finance their profits from the derivatives. Therefore, the banks create loans that are described as “interest-only loans” and are only affordable to the minor subprime vagabonds. Securitization    Securitization is a practice where there is bringing together of various types of contractual debt and selling of the cash flows generated from contractual debts to third party investors in the form of security. Contractual debt may is part of residential mortgages. Auto loans also are included in contractual debt. A security backed mortgage  is a financial product and its value can be calculated based on the guarantee of the mortgage. More often, acquiring a mortgage from a banking institution, involves selling a hedge fund on the accessory market (Lau & Valencia, 2008). Later, it follows a chain of processes, including calculating the future value of the mortgage before selling it as a loan to the investors. Securitization causes financial crisis – investors takes all the risk of default because they have no worry concerning the risk as they have been backed up with insurance. Result of the Crisis World Wide    Financial crisis deter economic growth of both developed and developing countries. The developed countries are not shaken, in a significant way, by financial crisis as compared to developing countries. Particularly, the developing countries rely on developed countries for support, which is cut of when these developed countries are experiencing economic crisis. Systematic Risk    Systematic risk can be defined as the uncertainty inherent to all of market segment. It is made of the daily fluctuations in the market. Moreover, it can be represented using interest rates, wars, and recession, as the sources (Fratianni & Marchionne, 2009). The only way to avoid systematic risk is through hedging.Conclusion    Economists have developed many theories to explain the development of financial crisis but none of them has helped in preventing it from happening. Practically, the financial crisis was caused by the creation of too much money by the banks. The money was used to implement house prices and speculation of the financial markets, which has led to accumulation of debt. The accumulation caused a financial crisis, when the debt was not able to be paid.

ReferencesCharles P. Kindleberger and Robert Aliber (2005). Manias, panics, and crashes: A            History of financial crises. 5th ed. Wiley, ISBN 0-471-46714-6.Fratianni, M. and Marchionne, F.(2009). The role of banks in the subprime financial          crisis available on SSRN. Retrieved from     http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1383473Luc Laeven and Fabian Valencia (2008). Systemic banking crises: A new database.          International Monetary Fund Working Paper 08/224. 

 
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Hi there, Mender:

I’ve attached my assignment. I’ve started it, but I’m stuck on the calculations. I can send you $5 per question if you believe that is reasonable. Do I send payment when you send this back to me? Also, you asked me to upload questions to the Advanced section. My apologies if I’m still not doing this correctly. If still not the correct location, I may need your guidance on where this Advanced section can be found.

I’m hoping you can return this back to me in the next 5 hours or so. Is that possible?

 
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No Plagiarism please. Accounting homework

 Take the 2012 10k for General Motors and Ford Motor Company. Please compare the following financial ratios: 

  • Current Ratio
  • Profit Margin
  • Times Interest earned
  • Debt to assets ratio
  • Return on Assets
  • Return on Equity
  • Inventory Turnover Ratio
  • Asset Turnover Ratio

Please compare the results of the ratio, explain how the firms compare with each other and make operational suggestions on how the company could improve its ratio. This submission should be no less than two pages and no more than five. 

Attached is the rubric with grading criteria. If you have any questions, please post them to the “Ask Your Instructor” forum. 

Use the following EDGAR Search Parameters:

General Motors: General motors Co (https://www.sec.gov/Archives/edgar/data/1467858/000146785813000025/gm201210k.htm)

Ford Motors: Ford Motor CO CIK (https://www.sec.gov/Archives/edgar/data/37996/000003799613000014/f12312012-10k.htm)

Due by 12am 7/18/2017

 
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1. Financial Assets can be distinguished from real assets in that financial assets (Points: 5) are pieces of paper rather than tangible, physical objects. are intended to provide service like transportation or shelter. have no value becasue they provide their owners with claims to future cash flows. are things like cars, boats, or houses. 2. Financial management involves: (Points: 5) general business decisions to manage personal careers. providing oversight for the management of money. purchasing things for the company. both a and c 3. A big disadvantage of proprietorships versus corporations is: (Points: 5) the inexperience of propietors. the difficulty of raising money to start or expand the business. difficulty to form or start the limited personal liability of the propietor. 4. In finance the primary goal of management is to: (Points: 5) utilize the economic resources in the most advantageous way. minimize all pssible expenses. maximize shareholder weath which is generally acieved by maximizing the stock price. make the best use of the assets. 5. The amount of money that would have to be invest today at a given interest rate over a specified period in order to equal a future amounts is called the: (Points: 5) present value interest factor. present value. future value. future value interest factor. 6. The future value of a dollar _________ as the interest rate increases and __________ the farther in the future the initial deposit is to be received. (Points: 5) increases, increases decreases; increases decreases; decreases increases; decreases 7. For a given interest rate, as the length of the time in the future until receipt of funds increases, the present value interest factor: (Points: 5) increases. remains unchanged. decreases. changes proportionately. 8. Net working capital can be referred to as: (Points: 5) total assets minus current liabilities. current assets minus total liabilities. cash minus current liabilities. current assets minus current liabilities. 9. Which of the following would cause a decrease in cash: (Points: 5) lengthening the time it takes to collect receivables from 15 to 30 days. selling fixed assets for more money than book value. an increase in accrued salaries expense. paying suppliers in 60 days versus 45 days. 10. Liquidity ratios indicate (Points: 5) a firm’s ability to meet short-term financial obligations. how efficiently a firm is allocating its liabilities. the return on assets. the profitability of the firm. 11. The ________ is the exact amount of time it takes the firm to recover it initial investment in a project. (Points: 5) net present value internal rate of return average rate of return payback period 12. Capital budgeting involves how companies spend (Points: 5) day to day resources. money raised in capital markets. expenses only. large sums on long-term projects. 13. The most difficult and error-prone part of the capital budgeting process is: (Points: 5) application of evaluation techniques such as NPV or IRR. interpreting the results of the application of NPV or IRR. estimation of the incremental project cash flows. none of the above all the above 14. Holders of common stock (Points: 5) own the firm. have loaned money to the firm. receive interest payments. receive guaranteed income. 15. The return on a share of stock consists of two principal yields: (Points: 5) the capital gains yield and the capital appreciation yield. the dividend yield and the capital gains yield. the capital gains yield and the earnings per share. all of the above. 16. The value of a bond is the present value of the (Points: 5) maturity value. interest payments and maturity value. dividends and maturity value. interest and dividend payments. 17. When interest rates move up or down, bond prices move: (Points: 5) in the opposite direction. in the same direction. in the opposite direction and further the longer is the term until maturity. in the same direction but less the longer is the term until maturity. 18. A combination of two entities in which only one legally ceases to exist is: (Points: 5) a subsidiary a parent company a consolidation a merger 19. The claims of equity holders on income have priority over: (Points: 5) the claims of unsecured creditors. the claims of preferred stockholders. no one. the claims of the creditors. 20. Large companies tend to do which of the following types of business planning? (Points: 5) strategic planning operational planning budgeting and forecasting all of the aboveRead more: 1. Financial Assets can be distinguished from real assets in – JustAnswer http://www.justanswer.com/writing/4r6ol-1-financial-assets-distinguished-real-assets.html#ixzz1eFv5TBDB

 
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Hi,How about $45 for the essay part you assist (” Page 1 is an executive summary, then a 3-4 page description of the plan” )? As I stated, this assignment is 4% of total grade. So, I don’t required a excellent done for this. If you agree, please make sure that your essay will be combined A), B), and C). And because I will create tables and graphs base on what you would write, please state them simply, clearly, and fully :).I would like to let you know my situation, then you can write base on those information or you can image other situation you want. However, my gender and age should not change :).These are information:- Female, 35 age years old- Married, a 6 years old son- my wage is $9/h from work-study only (temporary job and fund)- My husband wage: $40,000/year- Own a house, payment is $900/month (28 years rest- to July 2042)- No other liability.Kindly response.Thank you

 
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Evaluate Sokol’s conduct and determine which, if any, of the CFA Institute Standards of Professional Conduct are applicable. For each applicable Standard, determine whether conduct complied with or violated the Standard. 

What should Mikkel Orut do?

——–

The instructor said a failing grade will be given if the analysis does not go beyond superfacial.

Therefore only who has expertise in finance should answer.

1 full page, no less no more, no line breaks, use indent. cite proper citations (MLA)

 
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