Describe the principal-agent relationship.
1) The following market information was gathered for the Blender Corporation. The firm has 1,000 bonds outstanding, each selling for $1,100.00 with a required rate of return of 8.00%. Blenders has 5,000 shares of preferred stock outstanding, selling for $40.00 per share and 50,000 shares of common stock outstanding, selling for $18.00 per share. If the preferred stock has a required rate of return of 11.00% and the common stock requires a 14.00% return, and the firm has a corporate tax rate of 30%, then calculate the firmsWACC adjusted for taxes. 26) ______A) 6.77% B) 9.53% C) 10.73%D) There is not enough information to answer.2) Ready Tees, an on line retailer of t-shirts, orders 100,000 t-shirts per year from its manufacturer. The carrying cost is $0.10 per shirt per year. The order cost is $500 per order. What is the optimal order quantity for the t-shirt inventory (rounded to the nearest dollar)? A) 15,841 B) 31,623 C) 1,581 D) 8,3333) Oregon Saw Mills Inc. has credit terms of 2/10 net 60. Customers should take the discount and pay in 10 days if they CANNOT earn more than ________ (APR) or ________ (EAR) on their investments. 28) ______A) 13.08% APR or 12.42% EAR B) 15.89% APR or 14.90% EAR C) 12.42% APR or 13.08% EAR D) 14.90% APR or 15.89% EAR)4) Robertson Lumber has a $250,000 compensating balance loan with its bank. The terms of the loan call for Robertson to keep 10% of the loan as a compensating balance and pay interest at an annual rate of 6.50% on the entire amount. If the firm borrows the maximum amount for one year, what is the EAR on this loan? 29) ______A) 6.87% B) 7.22% C) 6.50% D) 7.39%5) Firewall Corp. is a small company looking at two possible capital structures. Currently, the firm is an all-equity firm with $900,000 in assets and 100,000 shares outstanding. The market value of each share is $9.00. The CEO of Firewall is thinking of leveraging the firm by selling $270,000 of debt financing and retiring 30,000 shares, leaving 70,000 shares outstanding. The cost of debt is 6% annually, and the current corporate tax rate for Donat is 30%. The CEO believes that Donat will earn $100,000 per year before interest and taxes. Which of the statements below is TRUE? A) All-equity EPS is $0.70.B) Shareholders will be better off by almost $0.14 per share under a firm with $270,000 in debt financing versus a firm that is all-equity.C) 50/50 debt-to-equity EPS is $0.838.D) Statements (A) through (C) are all true.6) Complete the equal-payments three-year amortization table. 7) Complete the following zero-coupon amortization schedule.b) What is the EAR of this loan? 34) _____________ 8) Describe the principal-agent relationship. In your answer, give an example of how a principal-agent problem arises in the corporate world. Can such a problem become costly? Please explain. 9) Consider the information below from a firms balance sheet for 2012 and 2013. a) What is the Net Working Capital for 2013? What is it for 2012?b) What is the Change in Net Working Capital (NWC)? c) Assuming the Operating Cash Flows (OCF) are $7,155 and the Net Capital Spending (NCS) is $2,372,what is the Cash Flow from Assets?Net Working capital20122011Changecurrent Assets Cash$1,561$1,800($239)Short term investment$1,052$3,010-1958Accounts receivable$3,616$3,129487Inventories$1,816$1,543273other current Assets$707$601106Total current Assets$8,752$10,083-1331current Liabilities Accounts Payable$5,173$5,11162Short term Debt$288$27711other current liabilities$1,401$1,098303Total current liabilities$6,862$6,486376Net Working capital$1,890$3,597-1707 d) Why is an understanding of cash flow so important in the study of finance?10) Amistad Inc manufactures custom golf clubs and orders 250,000 graphite shafts per year from its manufacturer. The CEO at Amistad wishes to know the optimal EOQ. The carrying cost is $0.45 per shaft per year. The order cost is $750 per order.a) What is the EOQ for Amistad?a) What is the EOQ for Amistad?b) W 11) Assume the following risk: risk free rate is 2.5%, inflation Year 1 is 2.5%, Year 2 is 3.5% and Year 3 is 4.5%. You have invested in a three-year bond with an annual interest rate of 7.8%Required: Calculate the default risk premium for your investment show your work.7.8-2.5-4.5 = 0.8% is the default risk premium
prepare a network proposal on how to set up a secure network infrastructure in this building to support university operations.
You have been hired as part of the networking team at UMUC. After completing orientation and training, your manager calls you into a meeting to discuss your first project.The university has recently leased a building in Adelphi, Maryland. The building will house offices, classrooms, a library, and computer labs. Security is important for UMUC, as the university must protect students and employees data, as well as any intellectual property that UMUC has on its servers and computers. As a result, IT management would like to take the time to review proposals on how best to move forward on security issues. As a network engineer, you have been asked to prepare a network proposal on how to set up a secure network infrastructure in this building to support university operations.
List these nine steps in conducting a neural network project and discuss them briefly.
It is believed that the development process of Artificial Neural Networks (ANN) is similar to the structured design methodologies of traditional computer-based information systems, some phases are unique or have some unique aspects. Taking a look at pages 334 to 335 of your recommended textbook will reveal to you that the development process for an ANN application includes nine steps.List these nine steps in conducting a neural network project and discuss them briefly.
What is the average customer time in the system?
The Bijou Theater in Hermosa Beach, California, shows vintage movies. Customers arrive at the theater line at the rate of 100 per hour. The ticket seller averages 30 seconds per customer, which includes pacing validation stamps on customers parking lot receipts and punching their frequent watcher cards. (Because of these added services, many customers dont get in until after the feature has started.)a. What is the average customer time in the system?b. What would be the effect on customer time in the system of having a second ticket taker doing nothing but validations and card punching, thereby cutting the average service time to 20 seconds?c. Would system waiting time be less than you found in b if a second window was opened with each server doing all three tasks?a. 3 minutesb. 45 secondsc. Yes, about 36 seconds
Identify key points of security.
Identify key points of security. 9 key points of security minimum of 1 Page.Resources: Read Text book, From Textbook:Nine Points of Security Concern1. General purpose of the building (i.e., residence, classroom, office). Consider the hours of use,people who use the building, people who haveaccess, key control, and maintenance schedule.Who is responsible for maintenance? Is the buildingused for public events? If so, what type andhow often? Is the building normally opened to thepublic? Identify the significant factors and makerecommendations.2. Hazards involving the building or its occupants.List and prioritize (e.g., theft of office equipment,wallet theft, theft from stockrooms). Identifypotential hazards that might exist in the future.3. Police or guard security applications. What canthese guards do to improve the response to thebuilding and occupants from a patrol, investigation,or crime prevention standpoint? Would theapplication of guards be operationally effective orcost-effective?4. Physical recommendations. Inspect doors,windows, lighting, and access points. Recommendphysical changes that would make the buildingmore secure, such as pinning hinges on doors andfences.5. Locks, equipment to be bolted down, potentialapplication of card control and key control. Makespecific recommendations.6. Alarms.Would an alarm system be cost effective?Would the use of the building preclude the use ofan alarm? Are the potential benefits of an alarmsuch that the building use should be changed tofacilitate it? Consider all types of alarms, buildingwideor in specific offices. Consider closedcircuit television and portable or temporary alarmdevices.7. Storage. Does the building have specific storageproblems, such as expensive items that shouldbe given special attention, petty cash, stamps,calculators, microscopes? Make specificrecommendations.8. Trespassing. Are there adequate No Trespassingsigns posted? Are other signs needed?9. Custodians. Can custodians be used in a mannerthat would be better from a security standpoint?
Complete the matrix by comparing what you have read with what you have observed in your own experience regarding the how the economy impacts societys pillars today.
SOC 100 Pillars of Society Matrix Instructions: Complete the matrix by comparing what you have read with what you have observed in your own experience regarding the how the economy impacts societys pillars today. Additionally, describe how your community impacts all of the pillars.
Identify all problems related to the proposed training and discuss why these items are problems.
CRITIQUE OF TRAINING DESIGNThis assignment gives you an opportunity to critique a training proposal and to recommend a better training design.Suggestions: Review the use of instructional design models such as ADDIE. Review the TM criteria. Review APA guidelines on levels of headings. Review academic sources on organization factors which support T&D including transfer of training.Suggestions:Consistently use required topics as headings to organize the materials. Follow APA guidelines. Balance information from the company with authoritative third-party views. Cite specific company practices which illustrate academic models and theories being applied. Focus on the required topics.The ScenarioThis scenario is adapted from:Noe, R. A. (2013). Employee training and development (6th ed.). New York, NY: McGraw-Hill Irwin.You are the human resource generalist for College Inn, a chain of modestly-priced hotels located in the Southeastern United States. Each hotel has 100 to 150 rooms, a pool, and a full service restaurant. The hotels are located near the exit ramps of major highways in three Southeastern college towns: Raleigh, NC; Columbia, SC; and Athens, GA. You just received the attached memo from the vice president of operations asking for your opinion about some training he is contracting for with outside consultants. There is no training manager for College Inn, so the vice president often contacts you for help with training in the Operations division. YOUR TASKPrepare a 2-3 page memo to the vice president of operations that critiques the proposed training. Identify all problems related to the proposed training and discuss why these items are problems. Hint: You might want to review the competencies TD professionals should possess. The Association for Talent Development (ATD) Competency Model (https://www.td.org/Certification/Competency-Model) is a good resource.Give your recommendations for improving the training design and explain how your revised design will address the VPs expectations regarding the training.Describe at least two ways managers can support the training. Hint: You might want to review the Transfer of Learning Matrix that is listed in the Week 4 Required Reading-Transfer of Learning area.The vice president values your opinion but also likes to know what other experts have to say, so support your statements and opinions with citations from appropriate sources. The vice president is not familiar with training and development terminology, so provide definitions for key concepts and theories that you believe apply to this situation. Dont forget to cite the source(s) of your definitions.Your memo should be two to three single-spaced pages, excluding the cover and reference pages. Please use one inch margins and a font size of at least 11 points.Include a minimum of five references in your memo. Cite reputable sources such as the readings and resources posted in our classroom, and articles published in academic or practitioner journals within the last ten years. The websites of consulting firms and blogs are not appropriate sources for this assignment. Put your references on a separate page and use APA format for all citations, quotations, and references. You might be tempted to propose conducting a detailed needs assessment but remember that the VP has already conducted a needs assessment and is eager to get started with the training. The VP mentions an article by Ross Tartell; the article can be found via the UMUC library:Tartell, R. (2014). Use focus groups for rapid needs analysis. Training, 51(2), 14.You might also want to read a bit about service recovery. Here are two articles that are available through the library:Kim, T., Yoo, J. J-E., & Lee, G. (2012). Post-recovery customer relationships and customer partnerships in a restaurant setting. International Journal of Contemporary Hospitality Management, 24(3), 381-401. doi: 10.1108/09596111211217879Komunda, M., & Osarenkhoe, A. (2012). Remedy or cure for service failure? Effects of service recovery on customer satisfaction and loyalty. Business Process Management Journal, 18(1), 82-103. doi: 10.1108/14637151211215028Please see attachment for the grading criteria for this assignment.The memo from the vice president of operations follows the grading criteria.
What is the probability that Kevin will not win the cruise?
1 )The college student senate is sponsoring a spring break Caribbean cruise raffle. The proceeds are to be donated to the Samaritan Center for the Homeless. A local travel agency donated the cruise, valued at $2000. The students sold 2544 raffle tickets at $5 per ticket.(a) Kevin bought thirty-two tickets. What is the probability that Kevin will win the spring break cruise to the Caribbean? (Round your answer to five decimal places.) What is the probability that Kevin will not win the cruise? (Round your answer to five decimal places.) (b) Expected earnings can be found by multiplying the value of the cruise by the probability that Kevin will win. What are Kevins expected earnings? (Round your answer to two decimal places.)$ Is this more or less than the amount Kevin paid for the thirty-two tickets? How much did Kevin effectively contriute to the Samaritan Center for the Homeless? (Round your answer to two decimal places.)2 Raul received a score of 76 on a history test for which the class mean was 70 with a standard deviation of 7. He received a score of 76 on a biology test for which the class mean was 70 with standard deviation 7. On which test did he do better relative to the rest of the class?3) In the binomial probability distribution, let the number of trials be n = 4, and let the probability of success be p = 0.3688. Use a calculator to compute the following.(a) The probability of three successes. (Round your answer to three decimal places.) (b) The probability of four successes. (Round your answer to three decimal places.) (c) The probability of three or four successes. (Round your answer to three decimal places.)4) The one-time fling! Have you ever purchased an article of clothing (dress, sports jacket, etc.), worn the item once to a party, and then returned the purchase? This is called a one-time fling. About 15% of all adults deliberately do a one-time fling and feel no guilt about it! In a group of eight adult friends, what is the probability of the following? (Round your answers to three decimal places.)(a) no one has done a one-time fling (b) at least one person has done a one-time fling (c) no more than two people have done a one-time fling5) A research team conducted a study showing that approximately 20% of all businessmen who wear ties wear them so tightly that they actually reduce blood flow to the brain, diminishing cerebral functions. At a board meeting of 20 businessmen, all of whom wear ties, what are the following probabilities? (Round your answers to three decimal places.)(a) at least one tie is too tight (b) more than two ties are too tight (c) no tie is too tight (d) at least 18 ties are not too tight6) Are your finances, buying habits, medical records, and phone calls really private? A real concern for many adults is that computers and the Internet are reducing privacy. A survey conducted by Peter D. Hart Research Associates for the Shell Poll was reported in USA Today. According to the survey, 47% of adults are concerned that employers are monitoring phone calls. Use the binomial distribution formula to calculate the probability of the following.(a) Out of five adults, none is concerned that employers are monitoring phone calls. (Round your answer to three decimal places.) (b) Out of five adults, all are concerned that employers are monitoring phone calls. (Round your answer to three decimal places.) (c) Out of five adults, exactly three are concerned that employers are monitoring phone calls. (Round your answer to three decimal places.)7) Tree-ring dates were used extensively in archaeological studies at Burnt Mesa Pueblo. At one site on the mesa, tree-ring dates (for many samples) gave a mean date of ?1 = year 1276 with standard deviation ?1 = 36 years. At a second, removed site, the tree-ring dates gave a mean of ?2 = year 1109 with standard deviation ?2 = 36 years. Assume that both sites had dates that were approximately normally distributed. In the first area, an object was found and dated as x1 = year 1220. In the second area, another object was found and dated as x2 = year 1249.(a) Convert both x1 and x2 to z values, and locate both of these values under the standard normal curve of the figure above. (Round your answers to two decimal places.)z1 = z2 = (b) Which of these two items is the more unusual as an archaeological find in its location?x1; the further a z value is from zero, the more unusual it is.x2; the further a z value is from zero, the more unusual it is. x1; the closer a z value is to zero, the more unusual it is.x2; the closer a z value is to zero, the more unusual it is.8) The incubation time for Rhode Island Red chicks is normally distributed with a mean of 26 days and standard deviation of approximately 2 days. Look at the figure below and answer the following questions. If 1000 eggs are being incubated, how many chicks do we expect will hatch in the following time periods? (Note: In this problem, let us agree to think of a single day or a succession of days as a continuous interval of time. Assume all eggs eventually hatch.)(a) in 22 to 30 days chicks(b) in 24 to 28 days chicks(c) in 26 days or fewer chicks(d) in 20 to 32 days Chicks9) A vending machine automatically pours soft drinks into cups. The amount of soft drink dispensed into a cup is normally distributed with a mean of 7.6 ounces and standard deviation of 0.4 ounce. Examine the figure below and answer the following questions.(a) Estimate the probability that the machine will overflow an 8-ounce cup. (Round your answer to two decimal places.) (b) Estimate the probability that the machine will not overflow an 8-ounce cup. (Round your answer to two decimal places.) (c) The machine has just been loaded with 864 cups. How many of these do you expect will overflow when served? cups
What is considered to be a great program?
1. In the reading it states that increments in strength training volume depend on the athletes biological makeup, the specifics of the sport, and the importance of strength in that sport; therefore, with this in mind, what are some other things that need to be taken into consideration when designing a program?2. What is considered to be a great program?For this discussion:
· Evaluate the results computed and explain the meaning of the results, including why certain measurements are more accurate than others.
A manufacturing company is evaluating two options for new equipment to introduce a new product to its suite of goods. The details for each option are provided below:Option 1 · $65,000 for equipment with useful life of 7 years and no salvage value. · Maintenance costs are expected to be $2,700 per year and increase by 3% in Year 6 and remain at that rate. · Materials in Year 1 are estimated to be $15,000 but remain constant at $10,000 per year for the remaining years. · Labor is estimated to start at $70,000 in Year 1, increasing by 3% each year after. Revenues are estimated to be: Year 1Year 2Year 3Year 4Year 5Year 6Year 7 75,000 100,000 125,000 150,000 150,000 150,000Option 2 · $85,000 for equipment with useful life of 7 years and a $13,000 salvage value · Maintenance costs are expected to be $3,500 per year and increase by 3% in Year 6 and remain at that rate. · Materials in Year 1 are estimated to be $20,000 but remain constant at $15,000 per year for the remaining years. · Labor is estimated to start at $60,000 in Year 1, increasing by 3% each year after. Revenues are estimated to be: Year 1Year 2Year 3Year 4Year 5Year 6Year 7 80,000 95,000 130,000 140,000 150,000 160,000 The companys required rate of return is 8%.Management has turned to its finance and accounting department to perform analyses and make a recommendation on which option to choose. They have requested that the four main capital budgeting calculations be done: NPV, IRR, Payback Period, and ARR for each option.For this assignment, compute all required amounts and explain how the computations were performed. Evaluate the results for each option and explain what the results mean. Based on your analysis, recommend which option the company should pursue.Superior papers will:· Perform all calculations correctly.· Articulate how the calculations were performed, including from where values used in the calculations were obtained.· Evaluate the results computed and explain the meaning of the results, including why certain measurements are more accurate than others.· Recommend which option to pursue, supported by well-thought-out rationale, and considering any other factors that could impact the recommendation.Be sure to use APA formatting in your paper. Purdue Universitys Online Writing Lab (OWL) is a free website that provides excellent information and resources for understanding and using the APA format and style. The OWL website can be accessed here: https://owl.purdue.edu/owl/research_and_citation/apa_style/apa_style_introduction.htmlThis assignment will be assessed using the BUS 5110 Unit 6 Written Assignment rubric.
