Overview of careers
Investment Banking - Intermediaries between a client/company and
investors/private equity firms.
Disciplined, driven, attention to detail
companies include Goldman Sachs, Morgan Stanley, Greenhill
Fund Management - research driven (va
WACC- marginal after tax cost
Pecking order= Rd(cost of debt, Rp( Preferred), Rs (Equity)
Cost of Debt- Rd
-observe the current YTM on a firms bonds
-if no debt, then look at company in same industry
-estimate the bond rating
Preferred Stock
-characterist
FIN 3020
Dr. Michael Long
(In-class Problems)
BOND PROBLEMS 1
1. A $1000 par value bond has an original maturity of 15 years and a coupon rate of 3% paid annually.
Given this information, answer the following questions:
a. Find the price of the bond at th
Example Capital Budgeting Problem 4
You are trying to decide whether to replace your old HVAC System with a new more efficient HVAC.
The old HVAC originally cost $15,000, and is now 5-years old. It is being depreciated under 7-year
MACRS. If replaced, it
FIN 3020
Dr. Michael Long
Example Capital Budgeting Problems 2
(see Appendix 12A for MACRS Depreciation Table in Ch. 12)
1. Smyrna Corp is considering purchasing forklifts to increase productivity. Evaluate the following CFs for Electric
Forklifts versus
Capital Budgeting Problem 3
Your firm is considering replacing its current Widget machine with a newer, more efficient
Widget machine.
The Old Machine is 3 years old, originally cost $75,000, and is being fully depreciated using
7-year MACRS.
The Old Mach
FIN 3020
Capital Budgeting Problems 3
Solution to In Class EXAMPLE Bugeting Problem - Widgets
Class
3-Year
5-Year
7-Year
1
33%
20%
14%
2
45%
32%
25%
Cost Of
Cost of
New
Old
100,000.00 75,000.00
New Machine
- Old Machine
1
20,000
9,750
2
32,000
6,750
3
15%
FIN 3020
Fall 2016
Dr. Michael Long
REVIEW FOR EXAM 1
The exam will cover Chapters 1, 2, 3, & 6.
Things to know:
1.
What is the difference between MAX Wealth and MAX Profits (NOI, EAT, etc) => Wealth maximization is MAX Stock Price.
Max wealth has more mo
FIN 3020
Fall 2016
Dr. Michael Long
Review for Final Exam
You may bring in a formula sheet(s). You may use the sheets that you prepared for your past
exams. Again.absolutely no definitions OR example problems.if you are not sure then ask.
There will be ab
FIN 3020
Capital Budgeting Problems 4
Original Cost of Old HVAC = $15,000 depreciated using 7-year MACRS
(remember BV is remaining depreciation)
*Will save $6000/year in expenses by purchasing New HVAC System = (16,000 - 10,000)
Buy New HVAC System (incl.
Dr. Michael Long
10.
ll.
12.
Time-Value of Money Problems
If you deposit $3000 in a mutual led and it grows at a rate of 14%lyear, how
much will you have in 5 years? ' '
If you need $50,000 in 15 years to pay for your childs 4year college education
and yo
Dr. Michael Long
6.
Homework Problems
If you deposit $2000/year in a mutual fund and it grows at a rate of 14%lyear, how much
will you have in 5 years? FV : $13,220.21
Assume you have a newborn and wish to start saving for her college education. Current
FIN 3020
Dr. Michael Long
BOND PROBLEMS
1. A $1000 par value bond has an original maturity of 25 years and a coupon rate of 6% paid annually.
Given this information, answer the following questions:
a. Find the price of the bond at the time it was issued i
2014
2013
Accounts Receviable turnover
DSO
Inventory Turnover
IT in days
Quick Ratio
Working Capital
Current Ratio
104067- 62409= 41,667 103685-63105= 40,580
104,076/62,409= 1.67
103,685/63,105= 1.64
2012
1077795-65966= 41,829
107,795/ 65,966= 1.63
Name & ID:
Hannah Layne
xhy112
No credit for answers without showing work! Please submit all your work through Blackboard.
1. Process Capability Ratio (Cp)
Design specification for the length of an item is 200 + 4 millimeters. The standard deviation of
th
MGT 3110 Section
Statistical Process Control
Name & ID Hannah Layne xhy112
(Please print)
Please show your work either in Excel or below. Write your final answers in the spaces provided
below. Send both the WORD and the Excel files through BB.
1
An operat
Model 4 - Statistical Process Control
X-bar and R-Charts for Variables
Ziba, Inc. manufactures 4.5-inch CDs. Random samples of five CDs were taken during
the first hour of operation, second hour of operation, and so on, until 20 samples had been selected.
Hannah J. Layne
49 Rebecca Lane, Jasper, TN 37347
(423)619-6147
[email protected]
PROFESSIONAL SUMMARY
Offering a track record of customer care excellence within high-volume environments in the banking and customer
service industry.
PROFESSIONAL EXPERIENC
Statistical Process Control
Control Charts for Variables
Control Limits for an
UCL x Z x
Control Limits for
x
Chart: Process Mean (Standard Deviation Known)
Where:
n
Chart: Process Mean (Standard Deviation Unknown, using Range)
LCL x Z x
x
UCL x x A 2 R
L
Name & ID:
No credit for answers without showing work! Please submit all your work through Blackboard.
1 Process Capability Ratio (Cp)
Design specification for the length of an item is 200 + 4 millimeters. The standard deviation of
the population is = 1.3
Dr. Leanora Brown
Econ 3060
Homework #2
DUE DATE: NOVEMBER 1, 2016
Hannah Layne
UTC ID: xhy112
Instructions: Please answer ALL questions. Show workings where applicable.
1.
Explain the difference between non-rivalry and non-excludability. Then fully expla
3. Suppose TECO has a second bond with 25 years left to maturity (in addition to the one
listed in Table 1), which has a coupon rate of 7 3/8 percent and a market price of $747.48.
a) What are (1) the nominal yield and (2) the effective annual YTM on this
Mgwisii_z.i;t~.-,us-Aw,.n.-y.=As'-=-:-:=~ 2. . \v- =-:- - ,. i .r_
Case 3
PEACHTREE SECURITIES, INC. (B)
Bond and Stock Valuation
Directed
Laura Donahue, the recently hired utility analyst for Peachtree Securities, passed her "first
assignment with ying c
Please read case and then answer three questions.
Garden State Container Corporation, Financial Analysis Forecasting, Case 36,
Directed
Garden State Container Corporation manufactures boxes and other containers
primarily for farm products. More than 85 pe
FINANCIAL STATEMENT ANALYSIS
PROJECT
FIN 4030- Fall 2016
Regions Financial Corporation
Hannah Layne
Income Statement
In Millions of USD
2015
2014
Total Revenue
Gross Profit
Selling/General/Admin. Expenses
Other Operating Expenses, Total
Total Operating Ex
Table 1
Historical and Pro Forma Balance Sheets
for Years Ended December 31
(in Thousands of Dollars)
1990
Assets:
Cash and marketable securities
Accounts receivable
Inventory
Current assets
Land, buildings, plant, and equipment
Accumulated depreciation
N