Facebook Valuation
FIN 780
Turki Aleisa
Evan Carhart
Justin Gillen
Facebook Inc.
Ticker: FB
Last Price (As of 12/01/16): $114.99
Company Overview
Company History
Facebook was founded in 2004 by Harvard student Mark Zuckerberg. The website
started out as a
1.
a.
b.
c.
d.
e.
Suppose you take an FRM of $150,000 at 7.5% for 30 years. What is the breakdown of interest
and principal for the payment in month 240?
$1048.82 interest, $0 principal
$0 interest, $1,048.82 principal
$493.50 interest, $555.32 principal
MC Qu. 1 The principle of diversification tells us .
The principle of diversification tells us that:
spreading an investment across many diverse assets will lower a portfolio's level of risk.
MC Qu. 6 Standard deviation measures _ risk.
Standard deviation
Nhat Nguyen
ACCT 680
Professor Allen Schuldenfrei
September 23, 2015
TAX RESEARCH PROBLEM #1
Find the Tax Court case involving THOMAS A. CURTIS, MD, INC.
1.
What is the official name of the case?
Thomas A. Curtis, M.D., Inc. v. Commissioner
2.
3.
What is
JuneJuly 2007
Taxation of Life Insurance:
Understand the Issues to
Avoid Mistakes
By Pettus C. (Pete) Gibbons
Pete Gibbons discusses crucial issues that
arise in planning with life insurance.
Working with a clients estate plan almost always involves life
Review of selected issues from Chapter 17
1A.
C Corp. earns domestic production gross receipts of $1 million and incurs allocable expenses of
$400,000. In addition, it has income from other sources of $200,000.
Calculate:
a. production activities deductio
Current Tax Law for COLI
The tax rules pertaining to COLI are fairly complex and also vary somewhat from one state to
another, in some cases. Life insurance is one of the most tax-advantaged vehicles in existence;
the death benefit from any life policy is
I.
SOLE PROPRIESHIP
Not a spate taxable entity
Owner reports all income & exp. On Schedule C of Form 1040
II.
PARTNERSHIP
III.
LLC.
IV.
C CORPORATION
V.
S CORPORATION
Rose, Inc., has current assets of $6,000, net fixed assets of $25,100, current liabilities of $4,950,
and long-term debt of $12,000.
What is the value of the shareholders equity account for this firm? (Do not round intermediate
calculations.)
Shareholders
FINANCIAL STATEMENT
Analysis & Valuation
Fourth Edition
Peter D. Easton
Mary Lea McAnally
Zhang
Greg Sommers
MODULE 1
Framework for
Analysis and Valuation
Cambridge Business Publishers, 2015
Xiao-Jun
Learning Objective 1
Identify and discuss
the users and
FINANCIAL STATEMENT
Analysis & Valuation
Fourth Edition
Peter D. Easton
Mary Lea McAnally
Zhang
Greg Sommers
MODULE 12
Cost of Capital
and Valuation Basics
Cambridge Business Publishers, 2015
Xiao-Jun
Financial Instruments
Entitles its owner to claim a s
FIN 504: Financial Management
Lecture 12: Risk versus Return
Topics
What is Risk? Three Stage Analysis of Risk Two Classes of Risk Diversification Standard Deviation and Variance as Risk Measures
2
FIN 504: Financial Management
What is Risk?
Risk and Un
FIN 504: Financial Management
Lecture 11: A Capital Budgeting Problem
The Firm
The ABC Corporation is considering a new project that is expected to last five years. The firm is in the 38% marginal tax bracket. The project has a 17.5% required rate of retu
FIN 504: Financial Management
Lecture 10: Cash Flow Analysis
Topics
Two General Principles Factors in Cash Flow Analysis Capital Rationing Mutually Exclusive Projects
2
FIN 504: Financial Management
Two General Principles
Principle One: Use Increments.
Th
FIN 504: Financial Management
Lecture 9: Capital-Budgeting Decision Criteria
Topics
Decision Rules in Capital Budgeting The Decision Rules:
Payback Period Discounted Payback Period Net Present Value (NPV) Internal Rate of Return (IRR) Profitability In
FIN 504: Financial Management
Lecture 7: Bond Valuation
Bond Valuation
Bond Basics Bond Terminology Bond Ratings Valuing Bonds Technical Features of Bonds The Comparative Statics of Bonds
2
FIN 504: Financial Management
Bond Basics
Bond Basics
Form of
FIN 504: Financial Management
Lecture 6: Advanced Time Value of Money
Advanced TVM Problems
This class will focus on a series of time value of money problems that integrate the various techniques we have studied over the past five classes. We will focus o
FIN 504: Financial Management
Lecture 5: Rate Calculations
Rate Calculations
Percentages What is a Rate of Change Problem? A Cacophony of Names Types of Rate Calculations Rate Conversions Averaging Rates Real versus Nominal Values
2
FIN 504: Financial M
FIN 504: Financial Management
Lecture 4: Time Value of Money II
Time Value of Money II
Time Lines Annuities Perpetuities
2
FIN 504: Financial Management
Time Lines
The
0 C0
Use of Time Lines
1 C1 2 C2 3 C3 4 C4 5 C5 6 C6 T CT
Temporal
Indices:
t T 1,
FIN 504: Financial Management
Lecture 3: Time Value of Money I
Theory of the Time Value of Money
Why a Time Value? Components
Inflation (i) Opportunity Cost Risk
NOTE: I will use `cash flow' (C) as a general term to designate any flow of money positiv
FIN 504: Financial Management
Lecture 2: Statistical Review
The Use of Statistics
The Stochastic World Range of Financial Data Populations versus Samples Two Temporal Approaches to Measuring Financial Data
At One Time (Synchronic) Over a Period of Tim
FIN 504: Financial Management
Lecture 1: Introduction and Mathematical Review
Course Material
Instructor: Larry Schrenk ( lschrenk@ubalt.edu) Course Web Page ( http:/home.ubalt.edu/ntsbschr/FIN%20504/fin_ ) Textbook WebTycho
2
FIN 504: Financial Managem
IMPORTANT READ THIS FIRST - Overview of the class Utilizing BACI and BACII, the first half of the semester will focus on how to complete financial forecasting models in Excel to include a discounted cash flow analysis, tenant rollover and conversion of th