Finance 340 - 2057 Words

FINC 340 Financial Management Homework Assignment I You can provide your answers by expanding the space between questions. You must show your work and/or explain your answers sufficiently to get credit. Points for each question are the same. Chapter 01 1. What is the goal of the firm? Explain. Ans: A firm’s goals usually include (1) stockholder wealth maximization, (2) profit maximization, (3) Managerial reward maximization, (4) behavioral goals, and (5) social responsibility. However, the primary goal of the business is to maximize the wealth of its stockholders, which translates into maximizing the price of the firm‘s common stock. The traditional goal frequently stressed by economists--profit maximization--is not†¦show more content†¦Smith Company Balance Sheet (in millions of USD) December 31, 2XX1 And 2XX2 Assets | 2XX2 | 2XX1 | Liabilities and Equity | 2XX2 | 2XX1 | Current Assets | | | Current Liabilities | | | Cash | $270 | $305 | Accounts Payable | $200 | $150 | Accounts Receivables | 290 | 275 | Income Tax Payable | 0 | 0 | Inventories | 630 | 600 | Accrued Wages and Salaries | 0 | 0 | Other Current Assets | 0 | 0 | Notes Payable (interest bearing) | 0 | 125 | Total Current Assets | $1,190 | $1,180 | Total Current Liabilities* | $200 | $275 | Fixed Assets | | | Long–Term Debt | 500 | 500 | Plant and Equipment | $1,990 | $1,700 | Total Liabilities | $700 | $775 | Accumulated Depreciation | -700 | -500 | Common Stock | $1,080 | $940 | Patents | 0 | 0 | Retained Earnings | 700 | 665 | Total Net Fixed Assets | $1,290 | $1,200 | Total Stockholder’s Equity | $1,780 | $1,605 | Total Assets | $2,480 | $2,380 | Total L. Equity | $2,480 | $2,380 | Smith Company Income Statement (in millions of USD) December 31, 2XX2 | | | Sales | | $1,330 | Cost of Goods Sold | | 760 | Gross Profit on Sales | | 570 | Operating Expenses | | | Marketing Expenses | $15 | | General and Administrative | 15 | | Depreciation | 200 | | Total Operating Expenses | $230 | $230 | Earnings Before Interest and Taxes (EBIT) or OperatingShow MoreRelatedfinance 340 exam study guide2722 Words   |  11 PagesMidterm Practice Problems Chapter One: CR 1.2, 1.6, 1.13 2. Disadvantages: unlimited liability, limited life, difficulty in transferring ownership, hard to raise capital funds. Some advantages: simpler, less regulation, the owners are also the managers, sometimes personal tax rates are better than corporate tax rates. 6. In the corporate form of ownership, the shareholders are the owners of the firm. The shareholders elect the directors of the corporation, who in turn appoint the firm’s managementRead MoreHsm-340 Health Services Finance Midterm Exam Answers6611 Words   |  27 PagesHSM-340 Health Services Finance Midterm Exam Answers Follow Link Below To Get Tutorial https://homeworklance.com/downloads/hsm-340-health-services-finance-midterm-exam-answers/ HSM-340 Health Services Finance Midterm Exam Answers Question 1.1. (TCO 4) Which of the following is part of a statistics budget? (Points : 5) Output expectations Responsibility for estimation Estimation methodology All of the above Question 2.2. 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Kerbel Participating Adjunct Professor Department of Finance Real Estate Florida International University Miami, Florida Prepared by: Deyved Massaad 3316868 786-266-1849 dmass019@fiu.edu 10/05/2015 †¢ What are ethics and their importance in global banking and business today? In a word conquer byRead MoreInternational Business Competing in the Global Marketplace 8th Edition Charles W. L. 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Some basic questions need to be answered: (1) what is the purpose of the issue -- to fund a capital project, to refund prior debt, or a combination of both (2) whatRead MoreFactoring: Alternative Model of Financing8080 Words   |  33 Pagesreceivables company B—debtor–importer executes payment on account of factor (2); 6. Factor transfer funds to the account of factor (1); 7. Factor (1) pays a company A—seller–exporter difference (e.g. 20%) funds minus the factoring interest rate used to finance the amount payable on the advance. ECONOMIC ROLE OF FATORING Factoring as advanced financial instrument provides simple and efficient financing and successful business activities with domestic and foreign companies. It represents effective andRead MoreConcept And It s Implication On Accounting Practises2236 Words   |  9 Pagesof integrated reporting will be encourage to consider, overall structure, design approach to delivering and assessing accounting as a discipline. Also to combine principles of performance management with elements of strategy, risk, governance and finance. This will lead to link long term financial performance. It will also provide greater transparency about the relationship between financial and nonfinancial key performance indicators. It is also important for the business and accounting employmentRead MoreInstructor’s Manual Fundamentals of Financial Management60779 Words   |  244 Pagesbasic financial management course. Fundamentals of Financial Management sequences things in order to cover certain foundation material first, including: the role of financial management; the business, tax, and financial setting; the mathematics of finance; basic valuation concepts; the idea of a trade off between risk and return; and financial analysis, planning, and control. Given a coverage of these topics, we then have found it easier to build upon this base in the subsequent teaching of financialRead MoreCorporate Restructuring12070 Words   |  49 Pagestherefore be interpreted as the attempt to change the structure of an institution in order to relax some or all of the short-run constraints. Restructuring is concerned with changing structures in pursuit of a longrun strategy. Crum Goldberg [1998, p.340] define restructuring of a company as â€Å"a set of discrete decisive measures taken in order to increase the competitiveness of the enterprise and thereby to enhance its value†. In this study, we define restructuring as a change in the operational structures

I Will Talk About Basketball - 1125 Words

Hello today I will talk about Basketball. I will specifically talk about the history of it, current, and the legends of it. I hope by the end of this Basketball will be your favorite sport as it is mine. The first subject I will talk about is the history of Basketball. Basketball was created by a man named James Naismith in 1891. James was told to teach a P.E. class at the YMCA training school in Springfield, Massachusetts. He was told to come up with a game to entertain the boys being coached by him, the requirements were that it could be played indoors though due to the fact that is was winter and freezing cold outside. (Basketball in America: A History par.1) James recalled a game the he and his friends played when they were young. The game was called or so they called it, â€Å"duck on the rock†, the idea of the game was to throw a small rock at a larger one in hopes of knocking it off a boulder. He also thought of a time where he saw rugby players, instead of throwing a ball into a net they would throw it into a trash can. He looked for a box but instead he found a peach basket so he put it up on a wall and grabbed a soccer ball. (It’s cool to think of the fact th at maybe if he used a box, today we would be using one too which would make the game tremendously harder) the main point of the game was to throw the ball into the basket. A cool fun fact was the according to â€Å"Alexander Wolff, in his book 100 Years of Hoops, Naismith drew up the rules for the new game in aboutShow MoreRelatedStar Basketball Player By John Updike1026 Words   |  5 PagesIn the poem Ex-Basketball Player, John Updike recounts the timeline of a once great basketball player named Flick Webb. The journey starts with a description of Flick’s hometown, then shares details about his current job, next it reflects on his high school basketball success, and finishes with his habits outside of work. In the first stanza, the poet is describing the town where Flick lives. Updike references trolley tracks which would imply an early 20th century setting. He also calls out the nameRead MoreAnalyzing Andy Jackson s Tears Of A Tiger1261 Words   |  6 Pagesteenagers li fe. They go through problems with friends, family, grades, and sports. For Andy Jackson, a 17 year old student at Hazelwood High School, he went through all of those troubles. He plays for the basketball team with his friends Rob Washington, Tyrone Mills, and B.J. Carson. One night after basketball practice, Andy was drinking alcohol and driving which led them to get in a car crash. Andy, Tyrone, and B.J. escaped the car with a few cuts and bruises, but Rob got stuck and burned to death. Rob’sRead MoreThe Gym Is Located On E Law Lane Essay1591 Words   |  7 PagesThe group I chose to study was people that played basketball in the SRSC. The gym is located on E Law Lane. For the most part, I only saw males playing basketball in the rooms with the basketball courts in them so, that group was who I chose to focus on. I ended up asking close to 10 people if they would be willing to be interviewed about the sport but, most of them had schedule conflicts or didn’t want to t ake part in it. Once I found a willing participant who was eager to talk about his experienceRead MoreEssay about The Hardship of My Life- Personal Narrative514 Words   |  3 PagesNarrative As I was on the PJC bus to an out of town game, I had some free time to think. Lately, I have had in the back of my mind several troubling areas, so I know that this moment was the time to take care of these situations. If I could overcome certain problems, I would be more successful in the future. First, I have to get over the sudden death of my father. The day I found out my father was killed in an accident while he was on his job, I felt as if my life was over. I was devastated forRead MoreJosh Cosby : A Superb Role Model Essay799 Words   |  4 Pages30, 1982. He grew up as the youngest child of eleven siblings in St.louis, Missouri. After graduating high school in 1997, he skipped college to start a professional basketball career that included stops in the United States, Europe, Asia, and South America. On June 13, 2000, he helped the Yakima Sun Kings win the Continental Basketball Association (CBA) Championship and earned first team honors while leading the Colombia Copa Federation in scoring with an average of 27.2 points per game. Josh is highlyRead Moreg g h h gcugjhkhjiu h h iu giu g ghhg hg ghk hj hj hj kj j jk h h h h ,jhkg jkg kjh kjh kj ghjghj g hj g jk g j hkj hkj h j gh kjgh kj jy,hjgkgfkjh g hjghjg hg hghjgk j gfkyugt kiygt yugt yuy gyug yuf yfyugfyyugygy740 Words   |  3 PagesBASKETBALL FOREVER ADMINISTRATOR APPLICATION Name: Ethan Burstein Birthday: 6/21/97 Education: Freshmen (highschool) Experience: I ve been playing and watching my whole life, and I was on my high school freshmen team this year Favorite Team: (include NBA teams, Euro league teams, international teams, and Division 1 college teams) I m a HUGE Heat fan, and I despise the Celtics. I live in CT so I m also a pretty big Uconn fan and go to their games alot Why are they your favorite team? HowRead MoreLove and Basketball977 Words   |  4 PagesOne of my favorite movies is Love and Basketball. I chose to talk about this movie because in my opinion it really focuses on the relationship of the two main characters. There are good moments and bad ones in their relationship with one another. I also believe there are a lot of different things the characters could have done and said that would have made communicating with each other a lot easier. It’s one of my favorite movies and I have learned a lot about communicating from it. The movieRead More Personal Writing: The Evaluation Of My Coaches Essay826 Words   |  4 Pagesmy high school basketball career I experienced several different coaches. Every new coach brought a different approach to coaching. The varying techniques of coaching brought about different attitudes and expectations during practices and games. I found that during practice, coaches had either the nice-guy or the drill sergeant approach. They also had different methods of coaching during and after the games. nbsp;nbsp;nbsp;nbsp;nbsp;Practices are very important to basketball. If you practiceRead MoreMy Experience With Playing Basketball1550 Words   |  7 PagesTo most basketball is just a game but to me it is so much more. Playing basketball for over 15 years has taught me a lot about life and myself. Whether there is a crowd of people watching me or I am the only one in the gym, once I step on to the court my mind becomes free. There is something about an empty court, headphones in my ears, and the ball in my hands that makes me like I’m right at home. I met some of my closest friends for the first time on the basketball court. My coaches did notRead MoreThe Basketball Subculture Essay example1095 Words   |  5 PagesIntroduction In this analysis I will cover the different aspects of sport subculture and what it means to be a recognizable member within a group. I will give examples of what it means to be a part of such subcultures. For example, shared ways of dressing, group status and credibility, as well as some of the groups norms and rituals. The specific group I will discuss will be my basketball team and the role I play within it. Because my team is at highly competitive level, our norms may be unlike

On August 6, 1945 the atomic bomb was dropped on t Essay Example For Students

On August 6, 1945 the atomic bomb was dropped on t Essay he Japanese city of Hiroshima. The Enola Gay, piloted by Colonel Tibbetts, was chosen to make the mission. The mission was recorded as successful by Capt. William S. Parson at 9:20 A. M. This was an extremely controversial military strategy in the United States. Was the United States justified in the dropping of the atomic bomb? Yes, they were justified formany reasons. The primary reason was, that it would stop the war. Why is it that this war needed to be stopped so badly? Even though in some ways it was helping our economy, it was very costly in both money and lives. Also, the United States soldiers were undergoing harsh treatment by the unmerciful Japanese. Another reason the war needed to be stopped was to defend ourselves from another attack on U.S. soil, which in turn would kill many of our U.S. citizens. This is why the war needed to be stopped; thus, justifying the use of the atomic bomb. World War II was the costliest war in history, in terms of lives lost. No exact figures exist, but approximately between 15 and 20 million military personnel were killed. Of these, 292,000 were Americans and 6,000 innocent United States citizens were murdered by our enemies. It has been estimated that if the United States had not dropped the bomb and had invaded Japan instead, the United States would have lost about a million soldiers. The Japanese suicidal fighting strategies greatly effected this number. The Japanese would rather die than surrender. This is demonstrated by the battle of Saipan. At this battle over half of the population of Saipan walked off a cliff instead of surrendering to the United States. This was often very effective. Many times when a Japanese soldier decided to blow himself up instead of surrendering he would kill many Americans with the same blast. Also the kamikaze techniques of the Japanese fighters killed many soldiers. If this war would have continued we could have lost thousands more. Also up to this point we spent 300 billion dollars on war efforts. Many materials and other objects were damaged. Any estimate on how much money was lost in damages would be futile. This number would have continued to rise if it had not been for the use of the atomic bomb. The horrendous atrocities that occurred during World War II were unmerciful as well as unnecessary. During one invasion of China, the rape of Nanking, the Japanese killed 100,000 Chinese civilians. They were burned, butchered, and raped. Sometimes the Japanese would tie a big group of them together and use them for bayonet and sword practice. After the fall of Bataan the soldiers were forced to go on a death march. During this march many unheard of things happened to the soldiers. A soldier was often killed for trying to get a drink of water. If a soldier fell down the Japanese would either bayonet them or knock them unconscious. Once they were knocked unconscious, the Japanese then forced another American soldier to bury the unconscious soldier alive. One soldier once commented, The worst time was once when a burial victim with about six inches of earth over him suddenly regained consciousness and clawed his way out until he was almost sitting upright. Then I learned to what length a man will go to hang onto his life. The bayonets began to prod me in the side and I was forced to bash the soldier over the head with the shovel and then finish burying him.(Kappler, Pg. 168) This harsh treatment to innocent civilians and our soldiers needed to stop. .u7244016e67c99fd74f042fc762d4d31f , .u7244016e67c99fd74f042fc762d4d31f .postImageUrl , .u7244016e67c99fd74f042fc762d4d31f .centered-text-area { min-height: 80px; position: relative; } .u7244016e67c99fd74f042fc762d4d31f , .u7244016e67c99fd74f042fc762d4d31f:hover , .u7244016e67c99fd74f042fc762d4d31f:visited , .u7244016e67c99fd74f042fc762d4d31f:active { border:0!important; } .u7244016e67c99fd74f042fc762d4d31f .clearfix:after { content: ""; display: table; clear: both; } .u7244016e67c99fd74f042fc762d4d31f { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u7244016e67c99fd74f042fc762d4d31f:active , .u7244016e67c99fd74f042fc762d4d31f:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u7244016e67c99fd74f042fc762d4d31f .centered-text-area { width: 100%; position: relative ; } .u7244016e67c99fd74f042fc762d4d31f .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u7244016e67c99fd74f042fc762d4d31f .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u7244016e67c99fd74f042fc762d4d31f .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u7244016e67c99fd74f042fc762d4d31f:hover .ctaButton { background-color: #34495E!important; } .u7244016e67c99fd74f042fc762d4d31f .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u7244016e67c99fd74f042fc762d4d31f .u7244016e67c99fd74f042fc762d4d31f-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u7244016e67c99fd74f042fc762d4d31f:after { content: ""; display: block; clear: both; } READ: Making the Atomic Bomb Decision Essay The atomic bomb was a way to stop it. On December 7, 1941, A day that will live in infamy, Pearl Harbor was deliberately attacked by the Japanese. Reports indicate that 2400 people were killed and 1300 were wounded. The reason Japan bombed Pearl Harbor was because that was where all of our Navy ships were positioned. They were hoping to take out the Navy and were almost successful. The aircraft carriers were expected to be in the harbor, but luckily were not. Although the attack may have been a military success in the minds of the Japanese it became a huge mistake in the final analysis. One reason it was a mistake was it caused the U.S. to enter the war. We were the ultimate cause to Japan losing the war. Secondly it made the Americans angry and determined to destroy the Japanese. Many congressmen volunteered for active duty, asking for a one day respite to cast their vote for war. Also recruiting offices were flooded with .