Category: Finance

Lesson 2 Homework
1. Why is the DuPont identity a valuable tool for analyzing the performance of a firm? Discuss
the types of information it reveals compared to ROE considered by itself.
Answer:
2. Why do you think most long-term financial planning begins with sales forecasts? Put
differently, why are future sales the key input?
Answer:
Example Question: Calculating Market Value Ratios: Makers Corp. had additions to retained earnings
for the year just ended of $415,000. The firm paid out $220,000 in cash dividends, and it has ending
total equity of $5.6 million. If the company currently has 170,000 shares of common stock
outstanding, what are earnings per share? Dividends per share? Book value per share? If the stock
currently sells for $65 per share, what is the market-to-book ratio? The price-earnings ratio? If the
company had sales of $7.45 million, what is the price-sales ratio?
Answer: (Please see Excel Sheet as well for better understanding on calculation)
Net income = Addition to RE + Dividends = $415,000 + 220,000 = $635,000
Earnings per share = NI/Shares = $635,000/170,000 = $3.74 per share
Dividends per share = Dividends/Shares = $220,000/170,000 = $1.29 per share
Book value per share = TE/Shares = $5,600,000/170,000 = $32.94 per share
Market-to-book ratio = Share price/BVPS = $65/$32.94 = 1.97 times
PE ratio = Share price/EPS = $65/$3.74 = 17.40 times
Sales per share = Sales/Shares = $7,450,000/170,000 = $43.82
P/S ratio = Share price/Sales per share = $65/$43.82 = 1.48 times
Question 3: Calculating Market Value Ratios: MM Corp. had additions to retained earnings for the
year just ended of $615,000. The firm paid out $280,000 in cash dividends, and it has ending total
equity of $5.6 million. If the company currently has 180,000 shares of common stock outstanding,
what are earnings per share? Dividends per share? Book value per share? If the stock currently sells
for $75 per share, what is the market-to-book ratio? The price-earnings ratio? If the company had
sales of $9.50 million, what is the price-sales ratio?
Please answer based on above example. You may like to use the excel sheet to get the answer.
Example Question: Enterprise Value-EBITDA Multiple: The market value of the equity of Hudgins, Inc.,
is $645,000. The balance sheet shows $53,000 in cash and $215,000 in debt, while the income
statement has EBIT of $91,000 and a total of $157,000 in depreciation and amortization. What is the
enterprise value-EBITDA multiple for this company?
Answer: (Please see Excel Sheet as well for better understanding on calculation)
First, we need the enterprise value, which is:
Enterprise value = Market capitalization + Debt – Cash
Enterprise value = $645,000 + 215,000 – 53,000
Enterprise value = $807,000
And EBITDA is:
EBITDA = EBIT + Depreciation & Amortization
EBITDA = $91,000 + 157,000
EBITDA = $248,000
So, the enterprise value-EBITDA multiple is:
Enterprise value-EBITDA multiple = $807,000/$248,000
Enterprise value-EBITDA multiple = 3.25 times
Question 4: Enterprise Value-EBITDA Multiple: The market value of the equity of ABC, Inc., is
$750,000. The balance sheet shows $55,000 in cash and $215,000 in debt, while the income statement
has EBIT of $95,000 and a total of $165,000 in depreciation and amortization. What is the enterprise
value-EBITDA multiple for this company?
Please answer based on above example. You may like to use the excel sheet to get the answer.
Example Question: Sustainable Growth: Assuming the following ratios are constant, what is the
sustainable growth rate?
Total asset turnover = 2.90
Profit margin = 5.2%
Equity multiplier = 1.10
Payout ratio = 35%
Answer: (Please see Excel Sheet as well for better understanding on calculation)
We must first calculate the ROE using the DuPont ratio to calculate the sustainable growth rate. The ROE
is:
ROE = (PM)(TAT)(EM)
ROE = (.052)(2.9)(1.10)
ROE = .1659, or 16.59%
The plowback ratio is one minus the dividend payout ratio, so:
b = 1 – .35
b = .65
Now we can use the sustainable growth rate equation to get:
Sustainable growth rate = (ROE × b)/[1 – (ROE × b)]
Sustainable growth rate = [.1659(.65)]/[1 – .1659(.65)]
Sustainable growth rate = .1209, or 12.09%
Question 5: Sustainable Growth: Assuming the following ratios are constant, what is the sustainable
growth rate?
Total asset turnover = 2.40
Profit margin = 7.5%
Equity multiplier = 1.15
Payout ratio = 30%
Please answer based on above example. You may like to use the excel sheet to get the answer.

Critically examine the impact of job analysis and job design on organizational effectiveness. (2000-2500 words) Criteria description: 1. Introduction and objectives are stated, and key term(s) defined. 2. Discuss the relationship between the key concepts to the assignment requirements 3. Conclusion connected to introduction and content 4. The essay is coherently organized. Exhibits command of grammar and syntax. 5. Five or more references used/cited. (APA 7th Edition)

pleasa write all the answers in the file , avoid plagiarism , the work should be in your own woeds , writie references. ” and long answer of 400 words or more . for every question

1.Discuss some of the manifestations of the globalization in the capital market of Kingdom of Saudi Arabia (2Marks)
2a. What is a simple loan?(1Mark)
2b. If Ahmed borrows 100SAR from his father and next year his father wants 110SAR back from him ,what is the yield to maturity on this loan? (2Marks)
3. “The more risk-averse people are, the more likely they are to diversify. “Is this statement true,false,or uncertain? Explain your answer(2Marks)
4.Can you think of any financial innovation in the past ten years that has affected you personally? Has it made you better or worse off?In what way?(3Marks)

Provide an overview of the commercial banking industry in Turks and Caicos Islands. Your contributions should include reference to the size of the market, dominant players and services offered. Highlight one strength, a weakness, an opportunity and threat for one of the players in the industry. References should be cited on APA style format. Word count: 1000

The a-s-s-e-s-s-m-e-n-t will
Individual Assignment
Please see the questions shown in the screenshot. I will send you all the info after being hired, eg PPTs, student access etc. Please send a draft in 12hrs -1 day time, day 2, and day 3 as well. + Will need to draft some questions to ask the teacher and revise base on feedback (Send bk ard in 1 day max)

Assignment: Review Paper # 2
A Review Paper (RP) needs to be typed and should be (2000 words) long with proper citation (at least three sources).
The Review Paper # 2 should cover any issue or topic from the second
and third chapters (Tools of Positive Analysis and Tools of Normative
Analysis) of your text book (Harvey Rosen & Ted Gayer “Public Finance,” Tenth Ed (2013), McGraw-Hill/Irwin, New York. ISBN: 978-0-078-021688). You
have the flexibility to choose any topic. Please make sure the title of
your paper reads like a statement. Your writing should involve critical
analysis of the issue you are dealing with. Also make sure you have an
introduction, discussion of the issue (which should take the substantial
part of your writings), and your own concluding remarks.
Please don’t (I repeat don’t) down load stuff from somewhere or
anywhere. It will be considered plagiarism. Keep the Spirit.
SOME GUIDANCE ABOUT HOW TO WRITE A POLICY REVIEW PAPER
While one may have his/her own idea about how to
write a 4-5 pages (1800-2000) long Review Paper (RP), I thought it might
be a good idea to provided some guidelines, as all eight Review Paper
will carry a big chunk of your grade.
To write a good RP, please follow the following thresholds
Title of your Review Paper should be like a statement – indicating the issues, ideas, and analysis covered inside your paper.
Read all the assigned materials including the two text books
Focus on the issues and concepts in the assigned materials
(It may be a good idea to take the lead from the contents of
the assigned materials in the text books to grasp the fundamental
understanding of the concepts and issues and from discussions in the
virtual class)
4. Try to conceptualize a few themes based on your reading.
5. Discuss these themes in your paper in a critical and meaningful manner.
6. Make sure the main body of your paper deals with the pros and cons of your chosen topic.
7. Write a conclusive comment of one paragraph to half page.
This conclusive statement should exhibit your own creativity and
analysis. Please keep in mind, this part is very important, because it
may make or break your grade.
8. Whenever necessary citation should be provided.
9. Under no circumstance, don’t write a Paper which is down
loaded stuff from somewhere else – without your own input. This will be
considered plagiarism.

Assignment: Review Paper # 2
A Review Paper (RP) needs to be typed and should be (2000 words) long with proper citation (at least three sources).
The Review Paper # 2 should cover any issue or topic from the second
and third chapters (Tools of Positive Analysis and Tools of Normative
Analysis) of your text book (Harvey Rosen & Ted Gayer “Public Finance,” Tenth Ed (2013), McGraw-Hill/Irwin, New York. ISBN: 978-0-078-021688). You
have the flexibility to choose any topic. Please make sure the title of
your paper reads like a statement. Your writing should involve critical
analysis of the issue you are dealing with. Also make sure you have an
introduction, discussion of the issue (which should take the substantial
part of your writings), and your own concluding remarks.
Please don’t (I repeat don’t) down load stuff from somewhere or
anywhere. It will be considered plagiarism. Keep the Spirit.
SOME GUIDANCE ABOUT HOW TO WRITE A POLICY REVIEW PAPER
While one may have his/her own idea about how to
write a 4-5 pages (1800-2000) long Review Paper (RP), I thought it might
be a good idea to provided some guidelines, as all eight Review Paper
will carry a big chunk of your grade.
To write a good RP, please follow the following thresholds
Title of your Review Paper should be like a statement – indicating the issues, ideas, and analysis covered inside your paper.
Read all the assigned materials including the two text books
Focus on the issues and concepts in the assigned materials
(It may be a good idea to take the lead from the contents of
the assigned materials in the text books to grasp the fundamental
understanding of the concepts and issues and from discussions in the
virtual class)
4. Try to conceptualize a few themes based on your reading.
5. Discuss these themes in your paper in a critical and meaningful manner.
6. Make sure the main body of your paper deals with the pros and cons of your chosen topic.
7. Write a conclusive comment of one paragraph to half page.
This conclusive statement should exhibit your own creativity and
analysis. Please keep in mind, this part is very important, because it
may make or break your grade.
8. Whenever necessary citation should be provided.
9. Under no circumstance, don’t write a Paper which is down
loaded stuff from somewhere else – without your own input. This will be
considered plagiarism.

Note : This is class exercise
Valeria Ramirez was offered a job as a credit analyst, she and her husband, Derek, filled out Worksheet 1.2 to assess the net monthly income from her paycheck, both with and without the impact of employer-paid benefits. Valeria had been staying home with their three children, but now two were in school all day. The couple listed only those expenses that directly related to the second job and made sure not to include personal expenses that would exist even without the second job. Valeria’s job offer included good employer-paid benefits, with a better health insurance plan than the one Derek’s employer offered. Taking these benefits and the job-related expenses into account, the Ramirez family’s net monthly income would increase by $3,440 a month, or $41,280 a year. Without benefits, this amount drops to $1,808, or $21,696 a year. These numbers provided the information that the Ramirez family needed to discuss the pros and cons of Valeria’s job offer. They took into account not just the higher total income and out-of-pocket costs but also the intangible costs (additional demands on their lives, less time with family, and higher stress) and benefits (career development, job satisfaction, and sense of worth). They decided that the timing was right and agreed that they’d use the second income to increase their college savings accounts and build up their other investments. This would provide greater financial security in these uncertain times if Derek were laid off from his research job at a biotechnology company.
ws 1.2 Analyzing Second Income.xlsx

I want enough income for a student, I have tried several sites to invest, even in study pools, but until now no one has seen the files I uploaded.