Category: Finance

Step 1: Estimate a high, low, and medium case for this field and
estimate the NP

Step 1: Estimate a high, low, and medium case for this field and
estimate the NPV.  Submit calculations and a
recommendation for whether your company should complete the project
explaining your reasons, and when you should exit the field.  
Evaluation / judgements are well-articulated using sound reasoning 
Step 2: What is the NPV of the
project going forward and should development continue?  Turn in your
calculations along with a written recommendation.  Evaluation /
judgements are well-articulated using sound reasoning
Step 3: What is the NPN
of holding the field until the end of its productive life?  Should you
operate the field until the end or sell and if you opt to sell at what year
should you sell.  Again turn in your calculations along with your
written recommendation.   Evaluation / judgements are well-articulated
using sound reasoning

Overview:
This case illustrates several ways in which Southwest Airlines utilize

Overview:
This case illustrates several ways in which Southwest Airlines utilizes the four main
building blocks of competitive advantage: efficiency, customer responsiveness,
innovation, and reliable quality. 
Instructions:
You will need to review the Southwest Airlines case study at the end of Chapter 3 in the
textbook and answer the following questions: Text book 
Strategic Management: Theory & Cases: An Integrated Approach
Charles Hill
• What is the link between Southwest Airlines’ business model, strategy,
competitive advantage, and profitability? 
• What are Southwest Airlines’ distinctive competencies, resources, and
capabilities to make it happen? 
• How will the Southwest Airlines competitive advantage be maintained in the
future?
Requirements: 
• Submit a two-three page Word document covering the elements of the
assignment.
• Develop a clear introduction, body, and conclusion. Use paragraph format and
transitions. 
• Focus on the quality of writing and content. 
• Use APA format with a title page, in-text citations, and references. Abstract not
required. The title page, reference page, and appendices are excluded in page
length requirement.
• Research and cite at least two credible sources in APA format. 
youtube videos
Southwest Airlines: Our Purpose and Vision (youtube.com)
Southwest Airlines Customer Service Agent drives hours to return a pair of shoes (youtube.com)

1. The course is called “Financial Groups: The Future of Finance”.  Your job is

1. The course is called “Financial Groups: The Future of Finance”.  Your job is to create an innovation for such a “Financial Group” together with your team.
2.  To make your job concrete we have chosen the UK-academics as our “Financial Group”.
3.   The driver of our financial innovation for financial groups will be risk appetite. Therefore long-term savings or pensions play a major role: this is where the risk appetite is. Innovation about long-term savings and/or pensions alone are therefore accepted in this course.
4. you would need for example a full econometric model including short-term and long-term predictions for your suggested financial services, just like in lecture 4 for stock returns…and you would need communication, just like in lecture 3,5 for pensions, to make sure the individuals take the right decisions.
**I have attached our innovation below.

1.) Read the Darden Case Studies:
a. Business Valuation: Standard Approaches and

1.) Read the Darden Case Studies:
a. Business Valuation: Standard Approaches and Applications (I have provided you with the Funky Nut Farm spreadsheet that resides in your research folder. I added another Tab with the ticker of your research company. I will get you started with Year 0 and Year 1 growth rate, use your discretion for Years 2 – 5. Depreciation/PPE if applicable, calculate Year 0 and straight line it for Years 1 – 5. NWC Turnover and PPE Turnover, I provided the formula to right of the model. Calculate Year 0, and straight line it for Years 1 -5. Finally, the discount rate, use the WACC from the spreadsheet that I provided in your research folder. Also, I included the number of shares outstanding, so divide the Enterprise Value by the shares outstanding to come up with a share price.)
b. Discounted Cash Flow Analysis
c. The Dividend Discount Model
d. Choosing Among Different Valuation Approaches

PROFESSIONAL PAPER
Please, the Writer should be an excellent critical thinker wi

PROFESSIONAL PAPER
Please, the Writer should be an excellent critical thinker with knowledge of finance and charity sector.
I am providing a resume/CV snapshot (summary of employment) and then the writer will use the roles and job descriptions to write the answers on a wide range of questions linking each answer to a specific job role.
Description:
The Examination of
Experience (EoE) is an assessment which requires a candidate to demonstrate the
same professional skills examined in the ACA Case Study – the final exam taken
by ACA students before being invited into ICAEW membership. The exam
consists of a series of questions which you complete in your own time, and
submit using the required Examination
of Experience form by the specified submission
deadline. You are required to reflect on your experience and skills
gained over the last five years. The exam will assess your:
Past experience and achievements,
Planning and analytical skills,
Ethical awareness and
professional judgement,
Quality of thought,
Awareness of current and
technical issues,
Summary of employment over the last five years.
All examples will be
treated as private and confidential. If you prefer (or are limited by a
non-disclosure agreement or similar) to naming a particular company or client
in your work example, then you can simply refer to them as Client AAA or
Company BBB. However, if you intend to do this, you should add some context to
assist the examiner. As an example, you could say: ‘Client AAA, a market-leader
in the international automotive trade’ or Company BBB, a local family-run
business in the retail sector’.
How to approach the EoE
You will need to use your professional judgement to answer
the questions to accurately convey your skills, experience and knowledge.
Examiners have put together some guidance
notes to help candidates answer the questions and the
‘Summary of Employment’. We strongly recommend you read these guidelines and
stay as close to them as possible. 
Examples and templates
Read through the questions, example answers of
the Examination of Experience form to prepare your answers. Under no
circumstances should the submitted text in your answers be taken from any
previous submission in this example answers below, existing submission by
someone; your work will be check by various plagiarism systems.
Attached are Sample answers for each question:
Question
1.1 and 1.2 – example answers
Question 2.1 – example answers
Question 2.2 – example answers
Question 3.1 – example answers
Question 3.2 – example answers 
Question 4.1 and 4.2 – example answers
Question 5 – example answers
Summary
of Employment
Length of your answers
The
expected length of your answers at the Examination of Experience Part 1 is
between 3,000-6,000 words – with approximately 500 words per question. If
you go too far either side of this guide, the examiners may reject your
answers, assuming that you lack experience or that you are unable to summarise
concisely. As a guide, each answer should fill approximately one page of typed
A4 paper.
What is required?
After carefully studying and understanding each of the
attached sample questions and answers guidance; use the answer sheet named “Answer
Script” to respond to the questions using the job experiences
provided in Part 2 of the answer script.
Note: Every job role/experiences should be
used to answer at least one of the questions.  

The knowledge of finance theory and application will be applied to the real-worl

The knowledge of finance theory and application will be applied to the real-world in a useful and highly practical manner. Visual aids can be imbedded into the research paper by the reasonable use of one to three graphs or charts utilizing concepts learned.
1.Select a real company. It can be foreign, domestic, large, small and from any industry. 
2. What industry does the firm operate in? Examine the firm’s past and future position within the industry. Is it a leader? What percent market share does it hold? Describe the services and products that the firm produces. 
3. Who are the company’s important managers (aka: insiders) CEO, CFO, etc.? What is their experience? Is it applicable to their current position within the firm? Are they owners of the firm’s stock/bonds? How are they compensated? Are they buyers or sellers of the firm’s stock/bonds? 
4. Explore the Company 10-K (Annual Report) and find its Income Statement, Balance Sheet and Statement of Cash Flows. From the firm’s financial statements, calculate the following ratios: 
A. Firm Liquidity 1. Current Ratio 2. Acid-Test Ratio 3. Average Collection Period 4. Accounts Receivable Turnover 5. Inventory Turnover 
B. Operating Profitability 1. Operating Return on Assets 2. Operating Profit Margin 3. Total Asset Turnover 
C. Financing Decisions 1. Debt Ratio
D. Return on Equity 1. Return on Equity 
E. Market-Value Ratios 1. Price/Earnings Ratio (P/E/ Ratio) 2. Price/Book Ratio  
How is the firm doing in relation to its industry peers? How are its ratios in relation to it industry peers? Where do you see them going in the future based on past selected performance (i.e. previous years’ ratios)? 
5. Company Bonds. Does the firm issue bonds? If so, what are the characteristics of these bonds and do you feel that they borrow too much, too little or just about right? Why? 
6. Company Stock. What are the details of stock offerings has the company had? What has been the performance of the stock in the past 10 years? What is the dividend and dividend percentage? Calculate the value of the common stock of the firm. 
7. Examine the financial ratios, stock valuation and news about the selected firm. Do you see the firm’s share price rising/decreasing in the near-, intermediate- and long-term? Do you believe the firm has a stable future of sustainable growth, currently stagnant, or is heading for financial failure? Why? 
8. Discuss the current and future macroeconomic conditions you expect the firm to encounter. 
9. Has there been any news about the firm that has affected its share price materially recently? How important is news in your view in affecting the share price of a company? 
10. Would you invest in this firm? Why or why not? 11. Construct your ideal investment portfolio allocation. Why did you choose this? Which asset classes do you like in particular? i.e. (domestic/foreign stock/bond, gold, real estate, oil, venture capital, cash etc.) How will your portfolio fare in an environment of economic stagnation, economic growth, and economic recession? Which one of these conditions do you expect in 1 year, 2 years and 5 years? Why?

Topic 6 DQ 2
Jul 4-8, 2024Describe the importance of international capital struc

Topic 6 DQ 2
Jul 4-8, 2024Describe the importance of international capital structure. What risks can you identify when working with cash, credit, and inventory management? Discuss what risks apply when discussing strategies for financing a foreign operation? Provide your rationale and any supporting data.
Consider how a Christian worldview perspective on personal debt may conflict with how a multinational company leverages debt to finance its operations and growth. Refer to the topic resources provided and support your position using specific Bible references.
Submitted on:
Jul 4, 2024, 3:56 AM
VIEW DQ RESPONSEFU
Frank UmoeraJul 6, 2024, 6:16 AM(edited)
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The combination of debt and equity that a company uses to fund its worldwide activities is referred to as its international capital structure. It is significant because it affects the cost of capital, risk profile, and overall financial stability of the company. A well-designed capital structure can lower capital costs, increase liquidity, and provide more financial flexibility, all of which can boost a company’s competitiveness. On the other hand, a badly designed capital structure may result in increased financial risk, decreased profitability, and even solvency problems.
Risks in Cash, Credit, and Inventory Management
Cash Management: Currency Risk: The value of currency held in foreign currencies may be impacted by fluctuations in exchange rates (Madura, 2020).
Liquidity Risk: Not having enough cash on hand can cause a liquidity crisis, which makes it challenging to pay short-term debts (Brigham & Ehrhardt, 2020).
Risk of Inflation: In some nations, high rates of inflation might reduce the purchasing power of cash (Gitman, 2018).
Credit Control: Default risk is the possibility that debtors won’t fulfill their responsibilities (Ross, Westerfield, & Jaffe, 2016).
Interest Rate Risk: alterations in interest rates have the potential to impact debt valuation and borrowing costs.
Credit Rating Risk: According to Brealey, Myers, and Allen (2017), a credit rating downgrade might result in higher borrowing rates and less access to financing.
Management of Inventory: Obsolescence Risk: When inventory becomes out of date, write-offs and losses may result (Arnold, 2016).
Demand Risk: Inaccurate demand forecasting may lead to either an excess or a shortage of inventory.
Risk of Storage Costs: Exorbitant expenses related to inventory storage can reduce business margins (Chopra & Meindl, 2016).
The Perils of Funding International Projects
Exchange Rate Risk: Variations in exchange rates have the potential to impact both the value of international revenue and the cost of servicing foreign debt (Shapiro, 2014).
Political Risk: Shifts in a foreign nation’s political climate or legal framework may affect business operations and profitability.
Risk to the Economy: Decreases in demand for goods and services might result from economic downturns in overseas markets (Eiteman et al., 2016).
Legal Risk: Complying with various legal frameworks and enforcement methods may present difficulties.
Rationale and Supporting Data:
Optimization of Capital Structure: The value of a corporation is independent of its capital structure when there are no taxes, bankruptcy expenses, or asymmetric knowledge. This is based on the theorem of Modigliani and Miller. However, the tax benefits of debt and the expenses associated with financial crisis need a prudent strategy for debt leveraging (Modigliani & Miller, 1958).
Cost of Capital: By determining the ideal ratio of debt to equity, businesses aim to reduce their Weighted Average Cost of Capital (WACC). Because interest payments on debt are tax deductible, debt may be less expensive (Brigham & Ehrhardt, 2020).
Financial Flexibility: Companies can react more quickly to market opportunities and economic shifts when they maintain an ideal capital structure (Ross, Westerfield, & Jaffe, 2016).
Christian Perspective on Individual Debt vs. Global Debt
A Christian perspective typically views personal debt with caution. Proverbs 22:7, for example, emphasizes the possible perils of debt by saying that “the rich rule over the poor, and the borrower is slave to the lender.” Furthermore, Romans 13:8 emphasizes living a debt-free life by saying, “Owe no one anything, except to love each other” (Holy Bible, NIV).
Multinational corporations, on the other hand, usually use debt to fund their operations and expansion. The desire to maximize shareholder value, lower capital costs, and optimize the capital structure justifies this strategy. Businesses frequently deliberately employ debt to finance growth, break into new markets, and increase operational effectiveness (Brealey et al., 2017).
Bringing the Two Views into Balance:
Although a Christian perspective might advise debt moderation, the environment in which multinational corporations operate frequently necessitates the strategic use of debt. The secret is to manage debt sensibly and morally. Businesses should steer clear of excessive leverage and make sure that their debt levels are manageable in accordance with biblical teachings on stewardship and honesty (Proverbs 22:7; Romans 13:8).
Businesses can connect their operations with ethical standards and achieve their business objectives by striking a balance between leveraging debt for expansion and ensuring financial prudence. In addition to encouraging sustainable growth, this strategy preserves the stewardship and accountability principles that are central to the Christian worldview.
Conclusion
Understanding the international capital structure and associated risks is crucial for the success of multinational operations. Balancing strategic debt usage with ethical considerations can help firms achieve financial stability and growth while aligning with broader values of responsibility and integrity.
References:
Arnold, J. (2016). Introduction to Materials Management. Pearson.
Brealey, R. A., Myers, S. C., & Allen, F. (2017). Principles of Corporate Finance. McGraw-Hill Education.
Brigham, E. F., & Ehrhardt, M. C. (2020). Financial Management: Theory & Practice. Cengage Learning.
Chopra, S., & Meindl, P. (2016). Supply Chain Management: Strategy, Planning, and Operation. Pearson.
Daniels, J. D., Radebaugh, L. H., & Sullivan, D. P. (2018). International Business: Environments and Operations. Pearson.
Eiteman, D. K., Stonehill, A. I., & Moffett, M. H. (2016). Multinational Business Finance. Pearson.
Gitman, L. J. (2018). Principles of Managerial Finance. Pearson.
Holy Bible, New International Version (NIV).
Madura, J. (2020). International Financial Management. Cengage Learning.
Modigliani, F., & Miller, M. H. (1958). The Cost of Capital, Corporation Finance, and the Theory of Investment. American Economic Review, 48(3), 261-297.
Ross, S. A., Westerfield, R. W., & Jaffe, J. (2016). Corporate Finance. McGraw-Hill Education.
Shapiro, A. C. (2014). Multinational Financial Management. Wiley.
REPLY

Use cell referencing to avoid the need to round numbers.
Answer questions compl

Use cell referencing to avoid the need to round numbers.
Answer questions completely, but concisely. In other words, your
answer must complete and answer all parts of the question to receive full
credit, but should be kept to only what is needed to answer the question. Any
additional information given can hurt your grade if it is incorrect.
Do not add or remove cells from columns A to L. Any additional
work done for each problem should be conducted in the open space underneath
the problem or to the right of the problem.
Partial credit is available for Problems. To receive partial
credit, work must be shown and organized in a way that can be followed.
In order to receive credit for problems, all work must be shown
in your Excel file. Answers with no work shown will receive a score of 0.
Having the correct answer without supporting work will still result in a
score of 0.

Hello, i am joining an intership in treasury and risk management department and

Hello, i am joining an intership in treasury and risk management department and i have 
no idea about this department i would like to write something brief about treasury what it is and the 5 divisions under it i want to have an idea about it before i start

You can find estimates of stock betas by logging on to finance.yahoo.com and loo

You can find estimates of stock betas by logging on to finance.yahoo.com and looking at a company’s Statistics. Try comparing the stock betas of Alphabet (GOOG), The Home Depot (HD), Procter & Gamble (PG), Altria Group (MO), and Caterpillar (CAT). Once you have read Section 12.3, use the capital asset pricing model to estimate the expected return for each of these stocks. You will need a figure for the current Treasury bill rate. You can find this on www.treasury.gov (look for the link to Data). Assume for your estimates a market risk premium of 7%.
book: BREALEY | MCGRAW-HILL FUNDAMENTALS OF CORPORATE FINANCE | 2023 | 11