Name_Smith______________________________

 

 

Individual Learning 55 Question Form

 

General Information

1.            What is the name of your corporation?

2.            Where are the corporate headquarters?

3.            What is the corporation’s fiscal year end?

4.            What are the primary products or services of the corporation?

5.            Graph the high and low price of the company’s stock for each quarter of the last two years. What was the high and what was the low?

6.            Who is the company’s transfer agent and where are they located?

7.            Who are your company’s competitors?

 

Market Information:

8.            On which stock exchange is your corporation’s stock traded?

9.            What is the current market price of their stock?

10.        What is the ticker symbol used to identify your corporation on the stock exchange?

 

Internet Information:

11.        What is the Internet address of your corporation? Be sure it appears as a hyperlink.

12.        Is the corporation’s Annual Report online?

13.        Are its financial statements on-line?

14.        Is your company listed on Annualreports.com?

15.        How long is your company’s 10-K report at the Securities and Exchange Commission website (Edgar Database)?

 

Cash Flow and Retained Earnings:

16.        List the amount of cash flows from each of the 3 activities: Operating, Investing, and Financing for the 2 most recent years. What was the increase or decrease in cash for each of these years?

17.        Were there any Non-Cash Investing/Financing Transactions? Describe the type and amount.

18.        What is the dollar difference between accrual net income and Cash provided by Operations?

19.        What investing activity provided the largest inflow of cash in the current year?

20.        What investing activity used the largest amount of cash in the current year?

21.        What financing activity provided the largest inflow of cash in the current year?

22.        What financing activity used the largest amount of cash in the current year?

23.        Does the company have sufficient cash inflows from the appropriate category?  Describe any problems the company many experience with cash flow from your analysis of the cash flow statement.

24.        Show the change in Retained Earnings for the 2 most recent years. What was net income for each year? How much was paid out in dividends each year?

25.        Were the dividends on common stock and/or preferred stock? What was the amount of each?

26.        Did Retained Earnings change for any reasons other than net income or dividends? Explain.

27.        What classes of stock does your company have?

28.        How many shares of each class of stock are authorized, how many are issued, and how many are outstanding?

29.        Does your company have any treasury stock? How many shares and what dollar amount?

30.        What is the par or stated value of each of your company’s stocks?

 

Footnote Disclosures:

31.        How many footnote disclosures does your company have?

32.        How many significant accounting policies are listed under its Summary of Significant Accounting Policies?

33.        What does it include as Cash and Cash Equivalents?

34.        What method does it use to value Inventory?

35.        What method(s) does it use to depreciate its assets?

36.        Does it have any leased assets? If yes, describe them.

37.        What policies does it have in regard to Foreign Currency Translations?

38.        Describe any pending lawsuits in which it is involved.

39.        Provide its Earnings per Share for the 2 most recent years?

 

Report of the Independent Auditor(s):

40.        Who is/are your company’s auditor(s)?

41.        Where are they located?

42.        Does the auditor(s) give a qualified opinion, an unqualified opinion, a disclaimer of opinion, or an adverse opinion? What does that opinion mean? Is it good?

43.        What is the auditor’s responsibility in regard to the financial statements?

44.        What is management’s responsibility in regard to the financial statements?

45.        What financial statements were included in the auditor’s opinion?

46.        Did the auditor believe that the statements were presented fairly?

 

Management’s Report:

47.        Who bears the responsibility for the integrity and the objectivity of the financial statements?

48.        What does management say they are doing to assure the public that the financial information is reliable?

49.        What is the responsibility of the Audit Committee of the Board of Directors?

 

Analysis: (use Excel to complete this section)

50.        Provide common-size analysis of your company’s income statement and balance sheet for the 2 most recent years (must be done using Excel with formulas).

51.        Provide horizontal analysis of your company’s income statement and balance sheet, showing the dollar amount and percent of change using the 2 most recent years (you must use an Excel spreadsheet with formulas).

52.        Perform ratio analysis on your company using the ratios listed on page 705 of your text (these must be in an Excel spreadsheet, using formulas to calculate the ratios). You should present them in a similar format as the text: group by category, list name of ratio, formula in words, and the ratio calculation. Give a short explanation of your conclusions about your company after each category of ratios (i.e. How liquid is your company? How efficiently is it using its assets? etc.).

 

Conclusions:

53.        Are you optimistic or pessimistic regarding the future of your chosen corporation? Explain.

54.        Would you invest in the stock of the company? Explain.

55.        Would you invest in the bonds of the company? Explain.

 

21.    A commercial bank will loan you $7,500 for two years to buy a car. The loan must be repaid in 24 equal monthly payments. The annual interest rate on the loan is 12% of the unpaid balance. What is the amount of the monthly payments?

            a.         $282.43

            b.         $390.52

            c.         $369.82

            d.         $353.05

 

22.     Gina Dare, who wants to be a millionaire, plans to retire at the end of 40 years. Gina’s plan is to invest her money by depositing into an IRA at the end of every year. What is the amount that she needs to deposit annually in order to accumulate $1,000,000? Assume that the account will earn an annual rate of 11.5%. Round off to the nearest $1.

a.           $1,497

b.           $5,281

c.           $75

d.           $3,622

 

23.     The break-even model enables the manager of the firm to:

          a.   calculate the minimum price of common stock for certain situations.

          b.   set appropriate equilibrium thresholds.

          c.   determine the quantity of output that must be sold to cover all operating costs.

          d.   determine the optimal amount of debt financing to use.

 

24.     Financial leverage means financing some of a firm’s assets with:

          a.   commercial paper.

          b.   preferred stock.

          c.   corporate bonds.

          d.   all of the above.

 

25.     In general, as the level of sales rises above the break-even point, the degree of operating leverage:

          a.   increases.

          b.   decreases.

          c.   remains constant.

          d.   none of the above.

 

26.     Due to a technical breakthrough, the fixed costs for a firm drop by 25%. Prior to this breakthrough, fixed costs were $100,000 and unit contribution margin was and remains at $5.00. The new amount of break-even units will be:

          a.   25,000.

          b.   20,000.

          c.   15,000.

          d.   10,000.

 

27.     The firm should accept independent projects if:

          a.   the payback is less than the IRR.

          b.   the profitability index is greater than 1.0.

          c.   the IRR is positive.

          d.   the NPV is greater than the discounted payback.

 

28.     The NPV method:

          a.   is consistent with the goal of shareholder wealth maximization.

          b.   recognizes the time value of money.

          c.   uses cash flows.

          d.   all of the above.

 

29.     ABC Service can purchase a new assembler for $15,052 that will provide an annual net cash flow of $6,000 per year for five years. Calculate the NPV of the assembler if the required rate of return is 12%. (Round your answer to the nearest $1.)

          a.   $1,056

          b.   $4,568

          c.   $7,621

          d.   $6,577

 

30.     Given the following annual net cash flows, determine the IRR to the nearest whole percent of a project with an initial outlay of $1,520.

Year     Net Cash Flow

 1          $1,000

 2          $1,500

 3          $  500

          a.   48%

          b.   40%

          c.   32%

          d.   28%

 

31.     An increase in ___________ would increase net working capital.

          a.   plant and equipment

          b.   accounts payable

          c.   accounts receivable

          d.   both b and c

 

32.     Which of the following is most likely to be a temporary source of financing?

          a.   Commercial paper

          b.   Preferred stock

          c.   Long-term debt

          d.   All of the above

 

33.     In order to maximize firm value, management should invest in new assets when the internal rate of return is:

          a.   greater or equal to the firm’s marginal cost of capital.

          b.   greater than the cost of debt financing.

          c.   less than or equal to the accounting rate of return.

          d.   less than or equal to the firm’s marginal cost of capital.

 

34.     In the basic model, the optimal inventory level is the point at which:

          a.   total cost is minimized.

          b.   total revenue is maximized.

          c.   carrying costs are minimized.

          d.   ordering costs are minimized.

 

35.     The management of inventory is important because:

          a.   carrying too much inventory can result in a loss of efficiency and profitability.

          b.   carrying excessive inventory can result in a loss of sales.

          c.   carrying too little inventory can decrease the average collection period.

          d.   carrying too little inventory will adversely affect the firm’s CAPM.

 

36.     An operating lease usually:

          a.   is for a shorter length of time than a financial lease.

          b.   is for high-tech equipment that might become obsolete rapidly.

c.       has the income tax advantage that the entire lease payment is a deductible expense.

d.      both a and c.

          e.   all the above.

 

37.     If a lease is extended for a length of time that is equal to the entire useful life of the equipment, the lease:

          a.   is referred to as an operating lease.

          b.   carries no income tax deduction.

          c.   is a financial lease.

          d.   will be terminated by the IRS.

 

38.  Which of the following would decrease free cash flows?  A decrease in:

         a.   depreciation expense.

         b.   interest expense.

         c.   incremental sales.

         d.   both a & c.

         e.   all of the above.

 

39.     An increase in the ____________ is likely to encourage a corporation to increase its debt ratio.

          a.   corporate tax rate

          b.   personal tax rate

          c.   company’s degree of operating leverage

          d.   expected cost of bankruptcy

 

40.     A merger that is driven by the potentially large reduction in the staffing of overlapping functions and the integration of the two companies’ strong similar product lines is referred to as a:

          a.   conglomerate merger.

          b.   vertical merger.

          c.   horizontal merger.

          d.   diversification merger.

 

 

 

Assignment 2: Gene Technology
Due Week 8 and worth 120 points

Gene technology carries with it social and ethical implications—many of which engender personal views and discussion.

Select one (1) of the following biotechnology topics to write about: 

•   Genetically modified crop plants

•   Genetically modified microorganisms

•   Genetically modified animals

•   Personal genomics and / or personalized medicine for humans

•   Gene therapy

Write a four to six (4 to 6) page paper on your chosen topic.  Organize your paper into sections corresponding to the following requirements:

1.Biological basis. Describe the technology. Discuss what it accomplishes. Elaborate on the scientific principles that make this technology possible. Your goal in this section of the paper is to show the instructor that you understand the underlying science behind the technology. Describe how exactly the technology works. Discuss the biological principles that underlie this technology.

2.Social and ethical implications. Without disclosing your personal view about this technology, provide an analysis of its social and ethical implications. State the ethical concerns apparent in the use of this technology. Discuss the benefits and risks. Your goal in this section is to look at all sides of the issue. In the next section, you will give your opinion. 

3.Personal viewpoint. In the previous section, your goal was to be as objective as possible, to look at all sides of the issues. In this section, your goals are to give a personal opinion about the technology and provide a justification of that opinion. 

4.Use at least three (3) quality resources in this assignment, in addition to the course text. Note: Wikipedia and similar Websites do not qualify as quality resources. The body of the paper must have in-text citations that correspond to the references. Integrate all sources into your paper using proper techniques of quoting, paraphrasing and summarizing, along with proper use of in-text citations to credit your sources.

Your assignment must follow these formatting requirements:

•   Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.

•   Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

•   Examine DNA structure, and function, gene expression, and control.

•   Discuss the various applications of genomics and biotechnology.

•   Use technology and information resources to research issues in biology.

•   Write clearly and concisely about biology using proper writing mechanics.

 

 

In physics, energy is defined as the ability to do work. When most people think of energy, they think of electricity. The energy that is used to produce electricity is derived from a number of resources. Much of the energy used today is obtained from fossil fuels. However, these resources are limited. As a result, alternative and renewable resources are being explored for production of electricity.

Using the readings for this module, the Argosy University online library resources, and the Internet, respond to the following:

• Discuss the scientific and technical concepts related to the uses of fossil fuels and renewable energy resources.
  • Consider how fossil fuels such as coal, oil, and natural gas are utilized for production of electricity.
  • Consider how alternative and renewable resources such as wind turbines, hydroelectric power, wave power, and geothermal energy are utilized to either produce electrical energy or provide an alternative to electricity consumption.
• Explain the advantages and disadvantages related to both fossil fuels and renewable energy resources such as wind power, hydroelectricity, geothermal energy, and biomass.
  • Consider issues such as availability of the resource, sustainability of the technology, and environmental impact.
• Provide 2–3 examples of the uses of both types of energy resources that are utilized in your community.

Support your statements with examples. Provide a minimum of three scholarly references.

Write your initial response in 2–3 paragraphs. Apply APA standards to citation of sources.

Review and comment on at least two peers’ responses.