Category: Financial Management

WHATS THE ISSUE? EXPLAIN EACH SLIDE. And the difference between each year and then explain how I got each answer in the last two slides. Do comparable please. Im going to explain this to the class so im going to read off the paper. Hammer home the issue we are addressing early and often
ex-1 rates
ex-2 fin data
sol-1 Wacc explain how I did this
sol-2 Wacc comparables- explain how I did this

Instructions:
o Pick a public company listed on NYSE or NASDAQ. The stock should have a closing price
above $20 from the past year.
▪ The company should be a product-based company.
▪ NO bank or other financial institutions.
▪ Use the S&P NetAdvantage database from the library.
• Data collection procedure
o apps.barry.edu –> Log-in with your student credentials –> Library –>
Database by titles –> S&P Global NetAdvantage –>
o Input the symbol of your company –> go –> to the company page.
o See the attached data collection guide.
o On the company page in NetAdvange
▪ download and study the Tear sheet
▪ study the recent investment research
▪ study the recent equity research
• Write
o Descriiption of the company and industry background
o A brief analysis of Strength / Weakness / Opportunities / Threats.
▪ besides NetAdvantage, you can use other sources for study.
o Organize and review the financial ratio in the following categories. For each category,
pick 2~3 ratios and describe how the ratios have changed over the last couple of years.
Explain why there were such changes.
▪ From key stats
• Key financials
• Current capitalization
• Valuation multiples based on current capitalization.
▪ From ratios
• Profitability
• Turnover (management efficiency)
• Short-term liquidity
• Long-term Solvency
• Growth
• Include any statistics you find interesting.
o Review at least one major financial decision in each of the three areas of investment,
financing (debt and equity financing, dividend, etc.), and operation (working capital
management) by the company. It is important to support your analysis with detailed
financial data and analysis.
▪ Based on the above ratio analysis, explain
• Why are the decisions above necessary to improve financial
performance?
o For example, introducing a new product to raise the profit
margin and profit.
o For example, a new CEO implemented a cost-cutting decision,
which increases the net profit margin and improves the financial
profile.
• Or how do the changes in financial ratios reflect the effectiveness of the
previous financial decision?
o For example, a new marketing strategy improved sales and
increases asset turnover ratios.
• Support your discussion with a detailed financial analysis.
o Tables and charts will help.
o Comment on the investment value of the stock. In particular, shall we invest in the stock?
For submission,
1. Organize your data and analysis into a research paper. To help the reader, you need to include the
data table in your analysis.
a. Use tables and charts in the paper.
b. Don’t send data in a separate file.
2. The paper should include
a. company background and industry analysis.
b. ratio analysis of the above different categories.
c. discussion of company financial decisions.
d. comment on the investment value
3. The written paper is to be typed double–spaced, 1’ margins, Times New Roman and 12-point font,
with correct spelling and grammar, proper citation, references, with a cover page and organized
with headings.
4. There are no strict rules on the length. Usually, the paper will cover 5-10 pages.

At the end of units 3 and 4 you need to reflect on the topics you have studied and how you will be able to apply them to your personal and/or professional life. You can also post reflections into the journal from the various lecturecast activities throughout the module.
Write a short (approx 300-500 words) Journal Entry to explain:
 The key things you learned during the last two weeks
 How can they relate to the workplace?
 How they can aid your personal and professional development?
 Remember to be specific and give examples (I work as head of finance department in the government please give some examples)
Uint 3 On completion of this unit you will be able to:
 Understand the concepts of unit contribution and contribution sales ratio.
 Use unit contribution and contribution sales ratios to calculate break even points, margins of safety and calculate target profits.
 Understand and apply different approaches to pricing.
 Understand the limitations of using cost volume profit analysis in short term decision-making.
Unit 4 On completion of this unit you will be able to:
 Understand and evaluate different approaches to budgeting.
 Understand the role of individual functional budgets and their inter-relationship to form the master budget.
 Understand and evaluate the behavioural aspects of budgeting.
 Understand the role of standard costing as a tool to monitor performance and establish management control.

Instructions
CASH FLOWS AT EAST COAST YACHTS
Because of the dramatic growth at East Coast Yachts, Larissa decided that the company should be reorganized as a corporation. Time has passed and, today, the company is publicly traded under the ticker symbol “ECY”.
Dan Ervin was recently hired by East Coast Yachts to assist the company with its short-term financial planning and also to evaluate the company’s financial performance. Dan graduated from college five years ago with a finance degree, and he has been employed in the treasury department of a Fortune 500 company since then.
EAST COAST YACHTS
2017 Income Statement
Sales $611,582,000
Cost of goods sold 431,006,000
Selling, general, and administrative 73,085,700
Depreciation 19,958,400
EBIT $ 87,531,900
Interest expense 11,000,900
EBT $ 76,531,000
Taxes 30,612,400
Net income $ 45,918,600
Dividends 17,374,500
Retained earnings $ 28,544,100
The company’s past growth has been somewhat hectic, in part due to poor planning. In anticipation of future growth, Larissa has asked Dan to analyze the company’s cash flows. The company’s financial statements are prepared by an outside auditor. Nearby you will find the most recent income statement and the balance sheets for the past two years.
Larissa has also provided the following information. During the year, the company raised $40 million in new long-term debt and retired $22.6 million in long-term debt. The company also sold $24.2 million in new stock and repurchased $35.64 million. The company purchased $59.5 million in fixed assets, and sold $6,718,200 in fixed assets.
Larissa has asked Dan to prepare the financial statement of cash flows and the accounting statement of cash flows. She has also asked you to answer the following questions:
1. How would you describe East Coast Yachts’ cash flows?
2. Which cash flows statement more accurately describes the cash flows at the company?
3. In light of your previous answers, comment on Larissa’s expansion plans.
1 Bondholders are investors in the firm’s debt. They are creditors of the firm. In this discussion, the term bondholder means the same thing as creditor.
2 Confusion often arises because many financial accounting terms have the same meaning. This presents a problem with jargon for the reader of financial statements. For example, the following terms usually refer to the same thing: assets minus liabilities, net worth, stockholders’ equity, owners’ equity, book equity, and equity capitalization.
3 Generally, GAAP requires assets to be carried at the lower of cost or market value. In most instances, cost is lower than market value. However, in some cases when a fair market value can be readily determined, the assets have their value adjusted to the fair market value.
4 One situation in which taxable income may be lower than accounting income is when the firm uses accelerated depreciation expense procedures for the IRS but uses straight-line procedures allowed by GAAP for reporting purposes.
5 A firm’s current liabilities sometimes include short-term interest-bearing debt usually referred to as notes payable. However, financial analysts often distinguish between interest-bearing short-term debt and non-interest-bearing short-term debt (such as accounts payable). When this distinction is made, only non-interest-bearing short-term debt is usually included in the calculation of net working capital. This version of net working capital is called “operating” net working capital. The interest-bearing short-term debt is not forgotten but instead is included in cash flow from financing activities, and the interest is considered a return on capital.
6 New debt and the retirement of old debt are usually found in the “notes” to the balance sheet

You will submit a research paper that analyzes an organization’s financial status by examining the financial statements that are publicly available through an online inquiry. A publicly-traded organization will be the foundation of this research paper. Possible organizations and industries to choose from include software development, retail, hospitality, the payment card industry, energy & utilities, and healthcare. You will apply knowledge acquired in the course and the research paper should follow APA formatting style. Audience: upper-level business students.
Project Prompt
Write a 1,000-1,200-word analysis discussing a company’s financial situation by evaluating corporate financial data. Select a publicly-traded organization and analyze the company’s key financial statements from the most recent year.
Balance sheet
Income statement
Cash flow statement
(The statements may be found in a recent annual report; in the company’s 10K filing on the SEC’s EDGAR database; or from other sources.)
Explain the purpose of each of the three corporate financial statements and describe the data categories within each statement based on concepts studied in the course. Analyze the data in each financial statement (balance, income, cash flow) and explain what the financial data indicates regarding the financial position of the corporation.
You may refer to the course material for supporting evidence, but you must also use at least three credible, outside sources and cite them using APA format. Please include a mix of both primary and secondary sources, with at least one source from a scholarly peer-reviewed journal. If you use any Study.com lessons as sources, please also cite them in APA (including the lesson title and instructor’s name).
Primary sources are first-hand accounts such as interviews, advertisements, speeches, company documents, statements, and press releases published by the company in question.
Secondary sources come from peer-reviewed scholarly journals, such as the Journal of Management. You may use like JSTOR, Google Scholar, and Social Science Research Network to find articles from these journals. Secondary sources may also come from reputable websites with .gov, .edu, or .org in the domain. (Wikipedia is not a reputable source, though the sources listed in Wikipedia articles may be acceptable.)

Write a short paper that introduces the business you chose for your final project.
Specifically, you must address the following rubric criteria:
Business Selection: Select a company from the Final Project Business Options List and describe the business you chose, including the business name and what the business offers consumers.
Financial Statements: Using Mergent Online, look up the balance sheet, the income statement, and the cash flow statement for the latest fiscal quarter for the business you chose. Use these statements to accurately report the following values:
Total assets
Total liabilities
Current assets
Current liabilities
Net income
Shares outstanding
Earnings per share (EPS)
Total revenue
Shareholders’ equity
Financial Statement Role: Explain why financial statements are important to a business and how they help a business determine its financial health.
Cash Flow Management: Use a financial news story from the past two months as an example to explain why cash flow management is important to a business and its financial health.
What to Submit
Your submission should be a 4- to 5-paragraph Microsoft Word document with 12-point Times New Roman font, double spacing, and one-inch margins. All sources should be cited using APA style. Include the Balance Sheet and Income Statement from Mergent Online with your submission.

This is a preparation exercise for a thesis. Proposal should include introduction and literature review. ALL REFERENCES MUST COME FROM HIGH LEVEL JOURNALS. The definition of high level is explained in the attached word file, as well as more detailed instructions on the assignment.

Write a short paper that introduces the business you chose for your final project.
Specifically, you must address the following rubric criteria:
Business Selection: Select a company from the Final Project Business Options List and describe the business you chose, including the business name and what the business offers consumers.
Financial Statements: Using Mergent Online, look up the balance sheet, the income statement, and the cash flow statement for the latest fiscal quarter for the business you chose. Use these statements to accurately report the following values:
Total assets
Total liabilities
Current assets
Current liabilities
Net income
Shares outstanding
Earnings per share (EPS)
Total revenue
Shareholders’ equity
Financial Statement Role: Explain why financial statements are important to a business and how they help a business determine its financial health.
Cash Flow Management: Use a financial news story from the past two months as an example to explain why cash flow management is important to a business and its financial health.
What to Submit
Your submission should be a 4- to 5-paragraph Microsoft Word document with 12-point Times New Roman font, double spacing, and one-inch margins. All sources should be cited using APA style. Include the Balance Sheet and Income Statement from Mergent Online with your submission.

This is a preparation exercise for a thesis. Proposal should include introduction and literature review. ALL REFERENCES MUST COME FROM HIGH LEVEL JOURNALS. The definition of high level is explained in the attached word file, as well as more detailed instructions on the assignment.

– initial posting should respond to the question and be at least 200 words long.
please discuss the below:
CVP makes so many simplifications and assumptions about cost behaviour to the point that the technique cannot work in real situations.