Course Hero has millions of student submitted documents similar to the one
below including study guides, practice problems, reference materials, practice exams, textbook help and tutor support.
Find millions of documents on Course Hero - Study Guides, Lecture Notes, Reference Materials, Practice Exams and more.
Course Hero has millions of course specific materials providing students with the best way to expand
their education.
Below is a small sample set of documents:
BYU - MFG - 202
World WarsCausesofWorldWar11.2.3.4.5.Competition between countries to getcolonies and more European territoryWeakening of the Austrian Empire andOttoman Empire led to chaosDesire of oppressed peoples to have theirown countriesAlliances betwee
BYU - MFG - 202
Science:DeterminismandUncertaintyScienceenteringthe19thCenturyAuthorityfortruthTriumphantindescribingnaturePrestigeinmethodofscienceversusothermethods(especiallyphilosophyandreligion)TechnologistsusingsciencetoimprovetechnologyTheBasesofScience
BYU - MFG - 202
Impressionism to ModernArt and Music in theAge of Modern Science"[T]his'storyofthemodernera'chroniclesthedissolutionofconventions,practices,andinterpretiveframesthatgrewupoverthecenturiesandbecameentrenchedthroughoutEurope(andthemanyregionsaffected
BYU - MFG - 202
Ireland, India, and the Cold WarIrelandPartofUnitedKingdomIrishinParliamentRepublicans(Irishnationalists)IrelandrebelsagainstEnglandEasterRebellion/Rising(1916)IrelandAfter WWIIrish Free State created as a member of the BritishCommonwealth (1920
BYU - MFG - 202
The Contemporary WorldMajor IssuesEconomicsRestrictivetariffsProhibitionandtheRoaringTwentiesEconomicsTheGreatDepressionHooverFinancialscandalsMarginbuying(highspectulation)TrickledowneconomicsRooseveltSpendingprogramsEconomicsSpeculationi
BYU - BUS M - 301
2010TaxBillExample:Annabelleisinthe35%taxbracket.Aftercalculatingtaxesowed,heraccountantgaveAnnabelletwooptions:Option1:Payanadditional$9,800intaxesOption2:Pay$6,000intaxesandinvest$11,000inaSEPIRAOfthe$11,000savedinaSEPIRA,theclientonlycontrib
BYU - BUS M - 301
BreakevenPointFormula:TotalFCUnitContributionMarginBATNA:BestAlternativetoaNegotiatedAgreementZOPA:ZoneofPotentialAgreementReservationPrice:Worstcasescenarioyouwillacceptbeforeimpasse.BeFIRMandSPECIFIC!ReservationpricechangesforonlyOnereasonnewi
BYU - BUS M - 301
CalculatingtheWACCThreeStepstoCalculateWACC:1)Determinethecostofeachindividual sourceoffinancing.***Stock:CAPMorbuildupmethodDebt:BorrowingrateTip:Leavethecostofeachsourceasawhole#ratherthanconvertingtodecimaltoavoidroundingissues!2)Estimateth
BYU - BUS M - 301
**CapitalBudgetingCapitalBudgeting:theprocessofplanningforpurchasesoflongtermassets.Example:Supposeourfirmmustdecidewhethertopurchaseanewplasticmoldingmachinefor$127,000.Howdowedecide?Whatinformationdoweneedtoknowtomakeadecision?Includesallcashf
BYU - BUS M - 301
ManyfirmsoperateinCapitalConstraintEnvironments.IRRscannotbedirectlycomparedacrossprojects.Therefore,IRRcannotbeusedtochoosebetweenmutuallyexclusiveprojects!Tomaximizevalueofthefirm,youneedtouseNPVtoselectthecombinationofprojectsthatyieldthegreat
BYU - BUS M - 301
AccordingtotheCAPM,whatshouldbetherequiredrateofreturnonAribellesAdvertising,Incstock?kj=0.0175+1.79*(0.07750.0175)kj=0.0175+1.79*(0.06)kj=0.0175+0.1074kj=0.1249=12.49%AccordingtotheCAPM,AribellesAdvertisingstockshouldbepricedtogivea12.49%return
BYU - BUS M - 301
*Chapter7ReviewCommonStock:GordonGrowthModelConstantGrowthModel:Assumescommonstockdividendswillgrowataconstantrateintothefuture.D1:thedividendattheendofperiod1.[D1= D0*(1+g)]kcs:therequiredreturnonthecommonstock.g:theconstant,annualdividendgrowt
BYU - BUS M - 301
**Chapter10:LeverageResumeTipsMindMapInthephysicalsciences,leveragereferstotheabilitytomagnifyeffort.Infinance,weborrowthistermanduseitinasimilarwaytodescribetheimpactoffixedcosts.Leverage:themagnificationofoperatingorfinancialresultsfromtheus
BYU - BUS M - 301
***Chapter11:ProfitabilityIndex&IRRPOW#7SimilarProblemforNPV&IRRChapter12:Part1DiscussionIncludesallcashflowsthatoccurduringthelifeoftheproject.2)Considersthetimevalueofmoney3)Incorporatestherequiredrateofreturn(i.e.risk)oftheproject.[Remember
BYU - BUS M - 301
*Day12:Part2AgendaFinalExamReviewThursdayEmailTopicsbyWednesdayat1:00Chapter9:CostofCapita*MindMap**Why?:Animportantquestionis,Howhigh doesourreturnhavetobeinorderto justifyaninvestmentintheproject?Inthistopicarea,weconsiderthecostsoffinanci
BYU - BUS M - 301
Day12:Part1Agenda***********TAReviewSessionToday2:003:00W308POW#10:Risk&ReturnExerciseDueFridayat9:00PMTAFinalExamReviewSessionTime?FinalExamStudyGuideFinalExamFormulaSheetPostedFinalExamReviewThursdayEmailTopicsbyWednesday@1:00FinalGr
BYU - BUS M - 301
Example#2:DOL=4A1%increaseinsaleswillresultina4% increaseinoperatingincome(EBIT).Ifwehavethedata,wecanusethisformula:Falcone,Inc.hasabaselevelofsalesof150,000units.Salespriceperunitis$10andvariablecostperunitis$6.50.Totalannualoperatingfixedcostsare
BYU - BUS M - 301
MakeAFriendExample#1*SupposeyouneedtheWACCforafirmthatisfinancedwith50%equityand500ebt.Thefirmcanborrowat12%.ThelongtermTbondrateis6%,theequityriskpremiumis5%,themicrocapriskpremiumis3%andtheliquidityriskpremium(i.e.thestartupriskpremium)is4%.A
BYU - BUS M - 301
**MakeAFriendExample#2SupposeyouneedtheWACCforafirmthatisfinancedwith65%equityand350ebt.Thefirmcanborrowat14%.ThelongtermTbondrateis5.25%,theequityriskpremiumis7.5%,themicrocapriskpremiumis3.75%andtheliquidityriskpremium(i.e.startupriskpremium
BYU - BUS M - 301
*MakeAFriendExample#3EmeraldEnterpriseshasacapitalstructuremadeupof200,000sharesofcommonstockand18,145sharesofpreferredstock.Thecurrentmarketvalueofcommonstockis$105pershare.EmeraldEnterprisesstockjustpaidadividendof$2.75.Thecommonstocksdividendi
BYU - BUS M - 301
*MakeAFriendExample#4EmeraldEnterpriseshasacapitalstructuremadeupof200,000sharesofcommonstockand18,145sharesofpreferredstock.Thecurrentmarketvalueofcommonstockis$105pershare.EmeraldEnterprisesstockjustpaidadividendof$2.75.Thecommonstocksdividendis
BYU - BUS M - 301
*FourMajorDrawbacks:Firmcutoffsaresubjective.2)Doesnotconsidertimevalueofmoney.3)Doesnotconsideranyrequiredrateofreturn.4)Doesnotconsideralloftheprojectscash flows.Incapitalbudgeting,therearetwokindsofmistakesthatcanbemade:1)Rejectagoodproject2)
BYU - BUS M - 301
HowDoesReturnandTotalVariationMatch?Supposewerandomlyselectedandthen ranked4stocksbyreturn(A,B,C,and D).Whatwouldtherisk/return relationshiptellus?Whatisthe Mystery#component?Security (return)Std.DevEMystery#?A 8%13%?B12%9%?C15%22%?D
BYU - BUS M - 301
***Weknowhowtomeasurerisk,usingstandarddeviationforoverallriskandbetaformarketrisk.Weknowhowtoreduceoverallrisk,usingdiversificationsoweareleftwithonlymarketriskinourportfolio.STILLNEEDED:Howtopricerisksowewillknowhowmuchextrareturnweshouldrequ
BYU - BUS M - 301
IRR:simplytherateofreturnthatthefirmearnsonitscapitalprojects.Considereddifferently,theIRRistherateofreturnthatmakestheNPVequaltoZERO.IRRistherateofreturnthatmakesthePVofthecashflowsequaltotheinitialoutlay.ThislooksverysimilartoourYieldtoMaturi
BYU - BUS M - 301
Market(i.e.Systematic)Riskisalsocallednondiversifiablerisk.Thisriskcannotbediversifiedaway.FirmSpecific(i.e.NonsystematicorIdiosyncratic)Riskisalsocalleddiversifiablerisk.Thisriskcanbereducedthroughdiversification.Question:Ifyouownedashareofeverys
BYU - BUS M - 301
NegotiatingaTransactionThreeKeyConceptsinNegotiation1)BATNA*2)ReservationPrice3)BargainingZone*B.A.T.N.A.(BestAlternativeToANegotiatedAgreement)KeyQuestion:Whatareyougoingtodoifyoudonotmakeadealwiththisperson?Answer:Determinedbyyouravailablealt
BYU - BUS M - 301
Point:SetyourpersonalBHAGsandmakethemhappen!(10,000hourscanbeginTODAY )Supposeweareconsideringacapitalinvestmentthatrequiresa$27,400initialoutlayandprovidesannualnetcashflowsof$8,000forfouryearsand$16,000attheendofthefifthyear.Thefirmsrequiredrateof
BYU - BUS M - 301
POW#7:NPV&IRR****POW#7:GraysonPOW#7:GraysonPortersFiveForcesModelJobSearchMinute:ExplicitlyPlanforContinuedLearningInvestinyourselfEARLYandOFTEN!*****OntheJobTrainingGraduateSchool?ProfessionalDesignationsSeminarsSelfStudyRemember:Al
BYU - BUS M - 301
WhatisthepretaxandaftertaxcostofdebtforMcDermottCorporation?PreTaxCostofDebt:PV:925[$1000parreceivedless$75flotation]PMT:50[$1000parx10%=$100;100/2=50]FV:1000[$1000pardueatmaturity]N:20[10yearsx2forsemiannualpmts]I/Yr:?5.6346%[5.6346x2=11.269]Kd(B
BYU - BUS M - 301
Question:WhydoHIGHfixedcostscreatemorevariability?AFirmhasTWOtypesofcosts:*FixedOperatingCosts(i.e.administrativesalaries,insurance,rent,propertytaxes,etc.)*VariableOperatingCosts(i.e.materials,labor,utilities,packaging,salescommissions,incomet
BYU - BUS M - 301
RelevantCashFlows(CFs)IncrementalCFs:additionalcashinminusadditionalcashout.CapitalbudgetingfocusesontheINCREMENTALcashflows!1)IncidentalCFsConsider*Directlyandindirectlyrelated;cannibalization2)SunkCostsIgnore**DoNOTconsider;irrelevanttodeci
BYU - BUS M - 301
krf:theriskfreerateofinterestj:thebetaofsecurityjkm:thereturnonthemarketindexSupposetheTreasurybondrateis6%,theaveragereturnontheS&P500indexis12%,andWaltDisneyhasabetaof1.8.AccordingtotheCAPM,whatshouldbetherequiredrateofreturnonDisneystock?kj
BYU - BUS M - 301
ThoughtQuestionWhydoesthetypicalphysicianworksomanyhours?*Answerinafewminutes**Business(akaOperating)Risk:Variabilityoruncertaintyassociatedwithoperatingincome(i.e.EBIT).Note:Specificindustryinfluencesbusinessrisk.FinancialRisk:Riskofdistress
BYU - BUS M - 301
*ThreeKeyNegotiationTipsTip#1:Preparation* KnowyourBATNA!* Defineyourownreservationprice;nothingbutnewinfocanadjustyourreservationprice!* Researchtheotherpartys BATNA/reservationpricethemorepreparedpartycontrolsnegotiation.* Determineindividual
BYU - BUS M - 301
TwoExtremeExamples:FirstExample:Correlation=+1perfectpositivecorrelationVariablesmoveinperfecttandemSecondExample:Correlation=1perfectnegativecorrelationVariablesmoveinexactlyoppositedirectionsTheLOWERthecorrelationamongassetsinaportfolio(i.e.clos
BYU - BUS M - 301
ThereareTWOsourcesofCommonEquity:*InternalCommonEquity(i.e.retainedearnings)2)ExternalCommonEquity(i.e.newcommonstockissue)Question:DotheseTWOsourceshavethesamecost?Answer:ItDependsSincethestockholdersownthefirmsretainedearnings,theinternalequi
BYU - BUS M - 301
Tocalculatethefirmsweightedaveragecostofcapital(WACC),wemustfirstcalculatethecostsoftheindividualfinancingsources.LetsConsider:1)CostofDebt2)CostofCommonStockCostofDebtforafirmistherateofreturnrequiredbythelender,adjustedfortwothings:1)Flotation
BYU - BUS M - 301
WhatisthemostyoushouldpayforCarlisle?*Stage1CashFlowsShortcutValueStage2CashFlows(1of2)*ValueStage2ExcessEarnings(2of2)******CalculatetheValueoftheStockTwoStageValuation:OnlyStage1ReviewTwoStageValuation:OnlyStage2ReviewNegotiationTip:Fir
BYU - MFG - 201
HistoryofCreativityArt,ScienceandTechnologyClassInformation Syllabus, Class Outline, Lecture Notes, &Announcements are all Blackboard. (Or atleast soon will be). Two quizzes on Blackboard every week.They will be posted by Thursday night anddue bef
BYU - MFG - 201
CivilizationCreativityBeginstoFlowCivilization(general) Whendidcivilizationbegin? Statusabout40003500BC StoneAgesociety Peoplewerelivingashuntergatherers(nonstationary) Whatwasthecreativeeventthatallowedthischange? Agriculture(domesticationofgra
BYU - MFG - 201
MesopotamiaTheSeedsofCreativityTheRiversandtheLandBetweentheTigrisandEuphratesRiversTheRiversandtheLandProblems Floodingduringthegrowingseason SaltaccumulationThisrequiredCreativityforcivilizationtoflourish Flooding:Damsandcatchbasinsconnectedtoc
BYU - MFG - 201
EgyptCreativityforEternityEgyptian Civilization Began 4000-3500 BC Persisted to Roman times(31 BC) History divided into 4main divisionsOld KingdomMiddle KingdomNew KingdomLate Period 31 Dynasties throughoutthe entire periodGeographyandStabil
BYU - MFG - 201
IndiaandChinaCreativityContinuestoFlowIndia:Dravidians25001500B.C. Situation: SettledtheIndusRivervalley Polytheisism Creativity Pottery(ovendried) Weightandmeasurementsfortrade LargecitiesIndia:Dravidians25001500B.C. Citieswerewellplanned
BYU - MFG - 201
MinoanandMycenaenCivilizationTradingCreativityAUniqueTypeofCivilization AncientCrete Geographicallysmall Nomajorrivers Infertilesoil Trade Possibleoriginofpeople:PhoeniciaMinoans(20001400BC) SocietynamedforkingofCrete(Minos) NodefensesMin
BYU - MFG - 201
GreekArchaicorFormativePeriod(800500B.C.)GreekArchaicorFormativePeriod(800500B.C.) Amajorcreativeperiod Greekalphabet Homer'swritings(IlliadandOdyssey) Greekreligioncodified Morals Science DemocracyWhataDifferenceWritingMakesGreekAlphabet Fi
BYU - MFG - 201
ClassicalGreeceLivingCreativelyWhatDoesClassicalMean? "Classical"means: Standardagainstwhichothersarejudgedorevaluated Greatest Enduring Stylisticform(music,art,etc) Stylisticperiod(e.g.afterBaroque) Goldenageofacivilization Nearlyallsensesofth
BYU - MFG - 201
ClassicalGreekPhilosophyAristotleSocrates470399BC Dividedphilosophicalhistoryinto2groups PreSocratics(Sophists) Philosophers Believedinasingle,allpowerfulGod Useddialectics(SocraticMethod)tofindultimatetruthConceptsofGreekPhilosophy Thehearto
BYU - MFG - 201
HellenismandAlexander the GreatHellenismGreece declined after the PeloppesianWarGreece conquered by Phillip of MacedoniaPhillip used his son, Alexander as ageneral and as an ambassadorPhillips Innovations in warAlexander the GreatPersonal Desir
BYU - MFG - 201
History of Creativity MFG 202(Monday Evening)EXAM 2Instructor: Brent StrongName: _1. Give two specific and unique identifications for the following. Note that your score will depend on both the way youhave accurately identified the term (that is, th
BYU - MFG - 201
HISTORY OF CREATIVITY IN THE ARTS,SCIENCE AND TECHNOLOGYMFG 201 SPRING 20111. GeneralProfessor: D. Mark Davis, 265M CTBOffice Hours: By appointmentTexts: 1. History of Creativity, Pre-1500 by A. Brent Strong and Mark Davis2. History of Creativity,
BYU - MFG - 201
RomanRepublicFoundingofRomeTheRomanRace ThetaleofAeneas(TheAeneid) HistoricalevidenceFounding of Rome The City (Kingdom) of Rome RomulusandRemus HistoricEvidence Romulushut EarlyRomewasanopencityforallpeopleFounding of the city of RomeCreativ
BYU - MFG - 201
TheRomanEmpireCreativeWorldDominanceRule by one man The Roman Republic was based on theprinciple that there would be no king The Republic began its decline when singlerulers became too powerful Caesar was killed, in part, because he tried toset hi
BYU - MFG - 201
Roman Science, Technologyand ArtThieves or GeniusesCultural BackgroundQuestionsaskedbyvariouscultures:Whatisoutthere?(Egyptians/Mesopotamians)Whydoesitexist?(Greeks)Whatisitgoodfor?(Romans)Architecture and EngineeringWeneedasmanyengineersaspossib
BYU - MFG - 201
Early ChristianityCreatively Coping with ChangeTransitions in Early ChristianityGeography1.SuccesscamemostlyoutsidePalestineJerusalemceasedtobethecentralchurch(70AD)Sociology2.FromamostlyruraltoamostlyurbanmovementLanguage3.FromAramaictoGreek
BYU - MFG - 201
ByzantiumCreativityHoldingOnConceptsofRome Romeisacity,area,andempire Conceptassociatedwithlaws,andwayoflife ComparabletoconceptofZion FalloftheRomanEmpire DesignationofthenameByzantine ConstantinopleconsideredthenewRomeBuildingofConstantinople
BYU - MFG - 201
IslamCreativityintheDesertGeneralFacts 2ndlargestreligion,fastestgrowing "Islam"=religion "Muslim"=adherentSurrendertoAllahMostlyinAfricaandAsiaArabsbeforeIslam TribalsocietyontheArabianpeninsula Farmers,traders,nomadicshepherds Tribalorgani
BYU - MFG - 201
Church and UniversityCreativity and ChurchesThoughtquestionsTowhatextentwasthemedievalchurchthepromoterofcreativity?Towhatextentwasthemedievalchurchtheinhibitorofcreativity?Church and NationsWith the rise of nations, the church lostsome political
BYU - MFG - 201
EarlyMedievalEuropeGeneralConcepts MedievalorMiddleAges TimebetweenRomeandRenaissance(2classicalperiods) 4761450AD OnlyappliestoEuropeanhistory SometimescalledtheAgeofFaithLifeintheMiddleAges Reversiontotribalsociety Romaninfrastructuredisintegr
BYU - MFG - 201
Nations, Crusades, and MongolsCreativity RekindledTransitionDark Ages1000 ADMiddle AgesWhy did the changes occur?Externalelements(likeweatherandsocialstability)bringmorefoodMorefoodbringspopulationincreasePopulationincreasebringsdiversityDiv
BYU - MFG - 201
Middle Ages ArchitectureHigh CreativityRomanesqueIn the Roman mannerEverything done in Western European artand architecture between the followingFall of the Roman Empire (476 AD)Gothic Period (about 1100 AD)Romanesque ChurchesHeavy wallsRound ar