1.   What’s the abbreviation for the overall return that a firm must make on its existing assets, used as the required rate of return on any investment that has essentially the same risks as existing operations? 

     

  A. WACC 

  B. ROE 

  C. CM 

  D. NPV 

2.   Analysts project Microsoft (MSFT) will have an annualized dividend of $1.50 and a long-term growth rate of 10 percent. Currently, the stock price is $60. Using the dividend growth model approach, what’s the implied cost of equity? 

     

  A. 12.5 percent 

  B. 11 percent 

  C. 10 percent 

  D. 2.5 percent 

3.   New Schools expects an EBIT of $87,000 every year, forever. The firm currently has no debt, and its cost of equity is 14.6 percent. The firm can borrow at 7.4 percent, and the corporate tax rate is 34 percent. What will the value of the firm be if it converts to 50 percent debt? 

     

  A. $460,146.57 

  B. $381,796.47 

  C. $377,407.16 

  D. $437,552.08

4.   Galaxy Products is comparing two different capital structures, an all-equity plan (Plan I) and a levered plan (Plan II). Under Plan I, the company would have 175,000 shares of stock outstanding. Under Plan II, there would be 90,000 shares of stock outstanding and $1.4 million in debt. The interest rate on the debt is 7 percent, and there are no taxes. What’s the break-even EBIT? 

     

  A. $201,764.71 

  B. $341,414.14 

  C. $351,111.11 

  D. $287,878.78 

5.   What’s the concept of using debt to make a return known as? 

     

  A. Debt reliance 

  B. Financial liquidity 

  C. Debt coverage 

  D. Financial leverage 

6.   Because the WACC varies with the use of funds rather than the source of funds, some firms evaluate new projects by sorting projects into risk classes, and add or subtract adjustment factors from the WACC. This approach is called the 

     

  A. DuPont approach. 

  B. divisional approach. 

  C. pure play approach. 

  D. subjective approach. 

7.   According to the static tradeoff theory, what’s the optimal capital structure? 

     

  A. A firm should borrow up to the point at which the tax benefit from an extra dollar in debt is exactly equal to the cost that comes from the increased probability of financial distress. 

  B. A firm should borrow up to the point at which the tax benefit from an extra dollar is equal to zero. 

  C. A firm should have equal parts equity and debt. 

  D. A firm should borrow up to the point at which the interest is equal to the total tax expense. 

 

8.   Which of the following is not a major disadvantage to the SML approach? 

     

  A. We rely on the past to predict the future, and economic conditions can change quickly. 

  B. It requires that we estimate the market risk premium, and if this estimate is poor, the resulting cost of equity will also be poor. 

  C. It requires that we estimate the beta coefficient of the stock, and if this estimate is poor, the resulting cost of equity will also be poor. 

  D. It doesn’t explicitly adjust for risk

9.   Silo Mills is an all-equity financed firm that has a beta of 1.14 and a cost of equity of 12.8 percent. The risk-free rate of return is 2.8 percent. The firm is currently considering a project that has a beta of 1.03 and a project life of six years. What discount rate should be assigned to this project? 

     

  A. 13.62 percent 

  B. 11.84 percent 

  C. 13.33 percent 

  D. 12.09 percent 

 

10.   Which of the following is true about a firm with no equity financing? 

     

  A. The after-tax cost of debt = WACC 

  B. The return on equity = WACC 

  C. The cost of debt = WACC 

  D. The return on equity = cost of debt 

11.   A higher debt level usually equates to a 

     

  A. larger tax shield and decreased financial risk. 

  B. smaller tax shield and increased financial risk. 

  C. larger tax shield but increased financial risk. 

  D. smaller tax shield and decreased financial risk. 

12.   Under the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, how long after a firm files for bankruptcy protection do creditors have to wait before submitting their own reorganization plan to the court? 

     

  A. 18 months 

  B. 45 days 

  C. 180 days 

  D. 12 months 

13.   Alphabet, Inc. (GOOGL) has a 40 percent debt/asset ratio; assume a tax rate of 16 percent. The average yield to maturity on GOOGL’s bonds is 3 percent. Your market analyst estimates that the risk-free rate is 1 percent and that the market risk premium is 7 percent. The firm’s beta coefficient is 0.97. What’s Alphabet’s weighted average cost of capital (WACC)? (Round to the nearest tenth of a percent.) 

     

  A. 6 percent 

  B. 5.7 percent 

  C. 5.9 percent 

  D. 7.3 percent 

14.   The Shoe Outlet has paid annual dividends of $.65, $.70, $.72, and $.75 per share throughout the last four years, respectively. The stock is currently selling for $9 a share. What’s this firm’s cost of equity? 

     

  A. 11.79 percent 

  B. 9.53 percent 

  C. 13.65 percent 

  D. 8.74 percent 

15.   Deep Mines has 14 million shares of common stock outstanding with a beta of 1.15 and a market price of $42 a share. There are 900,000 shares of 9 percent preferred stock outstanding, valued at $80 a share. The 10 percent semiannual bonds have a face value of $1,000 and are selling at 91 percent of par. There are 220,000 bonds outstanding that mature in 17 years. The market risk premium is 11½ percent, T-bills are yielding 7½ percent, and the firm’s tax rate is 32 percent. What discount rate should the firm apply to a new project’s cash flows if the project has the same risk as the firm’s typical project? 

     

  A. 14.72 percent 

  B. 13.15 percent 

  C. 15.54 percent 

  D. 14.59 percent

16.   Hanover Tech is currently an all-equity firm that has 320,000 shares of stock outstanding with a market price of $19 a share. The current cost of equity is 15.4 percent, and the tax rate is 34 percent. The firm is considering adding $1.2 million of debt with a coupon rate of 8 percent to its capital structure. The debt will be sold at par value. What’s the levered value of the equity? 

     

  A. $5.209 million 

  B. $6.708 million 

  C. $6.512 million 

  D. $5.288 million 

17.   Mulberry, Inc. has a weighted average cost of capital (ignoring taxes) of 20 percent. It can borrow at 10 percent. Mulberry has a target ½ debt/equity ratio. Using the M&M Proposition II, what’s the cost of equity? 

     

  A. 29 percent 

  B. 25 percent 

  C. 31 percent 

  D. 15 percent 

18.   Flotation costs are the costs associated with 

     

  A. market inefficiencies. 

  B. reporting. 

  C. bankruptcy. 

  D. new stock or bond issues. 

19.   The dividend growth model is used to calculate 

     

  A. the cost of debt by using the equation for a growing perpetuity, plugging in the current price of the bond, the coupon, and the expected growth rate and solving for R(D). 

  B. the weighted average cost of capital by using the equation for a growing perpetuity, plugging in the current price of the stock, the dividend paid, and the expected growth rate. Then we solve for R(E). 

  C. the cost of equity by comparing the dividend growth to similar firms. 

  D. the cost of equity by using the equation for a growing perpetuity, plugging in the current price of the stock, the dividend paid, and the expected growth rate. Then we solve for R(E). 

 

20.   Amazon Inc. (AMZN) has 55 percent equity-to-asset ratio. The average yield to maturity on AMZN’s bonds is 3.2 percent; assume a tax rate of 30 percent. The firm’s estimated required rate of return on equity is estimated at about 10.8 percent. What’s Amazon’s weighted average cost of capital (WACC)? (Round to the nearest tenth of a percent.) 

     

  A. 6.1 percent 

  B. 7.3 percent 

  C. 6.6 percent 

  D. 6.9 percent 

Assignment background
One of the important decisions that businesses need to make in its internationalisation is to choose an appropriate entry mode to foreign markets. Imagine you are working for a Singapore company listed on Singapore Exchange (see below for more details) and have been asked to expand the company’s product/service to Australia. Your task is to choose the most appropriate entry mode for your company based on your analysis on a range of related factors.

Which company shall I choose for this assignment?
A list of Singapore companies will be provided to you.

What products/services of the company should I focus on?
Most of the given companies have more than one segment of products/services. In this assignment, you ONLY need to focus on one product/service of the company. 

Assignment question
What is the most appropriate market entry mode, and why?

In this assignment, you need to choose the most suitable entry mode for the chosen company and MUST justify it by analysing the followings:

•    Company analysis: justify your choice of entry mode by analysing the company’s resources and the nature of its main products/services
•    Context analysis: justify your choice of entry mode by considering the cultural, legal, political, economic and market environments related to the product/service in the target (Australian) market;
•    Scale analysis: why do you think your choice of the entry mode suits the company in terms of scale, risk level, return level, control level and integration level (level of integrating with local market)?

Format
This assessment task should be presented as a report and should include the following sections:
•    Title page (title of your report, your name, student number and word count)
•    Introduction (up to 200 words)
•    Entry mode and Analysis ( what is the most suitable entry mode and why – you can make your own sub-headings in this section)
•    Conclusion (up to 200 words)
•    Reference List (is excluded from word counts)

Other requirements
    A minimum of seven (7) academic journal articles must be used in your report.
    The assignment must be well-structured and well-presented.
    The clarity of expressions together with the appropriate use of grammar, spelling and punctuations are important to maintain.
    Any use of comments, information, data or quotations from any sources (books, journals, newspapers, web etc.) must be cited using Harvard referencing style.
    The 12 point font in Times New Roman should be used throughout. Appropriate spacing (1.5 lines) and margins on all sides (at least 2 cm) need to be maintained. 
    Number each page.

 PHI111C41 Intro to Philosophy 

Part I of the Thesis Writing Assignment is 200-300 words long and thoroughly expands on at least 2 key symbolic elements of the Allegory answering all questions provided in the instructions. All sources are properly cited in either MLA or APA format.

 

Module 1: Thesis Writing

Overview

Setting up the Assignment: This assignment asks you to consider Plato’s Allegory of the Cave. While there are a number of different sub-points that can be extracted from the Allegory, Plato’s main thesis is that there are two levels of knowledge or reality—the physical world or pure intellect (outside the cave), and physical world or sense experience (inside the cave)—and that the former is a higher form of reality than the latter (Lawhead, Section 1.2).

Formatting: The word count on this assignment is 500-700 words double-spaced. Please organize your submission in the same manner as the instructions. Thus, your submission should have three headings (Part I, Part II and Part III) that correspond to the below instructions. Please do not copy and paste the instructions into your submission. Failure to follow these formatting instructions will result in a 3 pt. deduction off your grade.

Part I (10 pts)

• First, carefully read Section 1.2 of the text. Second, in 200-300 words expand on a couple key symbolic elements of the Allegory. In what sense is life inside the cave problematic for Plato? In what sense is it beneficial to climb outside the cave? Here, you can make use of your own updated examples to help explain Plato’s view, or you can do some outside research, or you can stick to Lawhead. The key idea is to render a brief but sympathetic interpretation of Plato’s main thesis. Please make sure that you cite all sources whether quoted or paraphrased.

Part II (10 pts)

• In no more than three sentences, explicitly state your own thesis in response to Plato’s thesis, as well as a sketch of the supporting reasons for your thesis (be specific). In other words, does Plato’s Allegory accurately capture the nature of knowledge and reality, and why? Said differently, does the Allegory represent a good analogy?
• Thesis Examples:
  1. Although interesting and thought-provoking, Plato’s Allegory of the Cave does not accurately represent knowledge and reality, due to the fact that _____.
  2. Plato’s Allegory of the Cave presents a challenging and accurate picture of the world. This is because_____.

Part III (10 pts)

• In 200-300 words, explain and expand upon your thesis. Note that Part III of the assignment is just like Part I, except that now you are articulating your own view, as opposed to Plato’s. Please make sure that each aspect Part III directly supports your thesis in Part II.

Total Point Value: 30 pts.

Instructions

1. Write and submit a thoughtful, clear and succinct thesis writing assignment of 500-700 words, in direct response to the Module 1 assignment above.
2. Draw directly upon our assigned textbook readings for this Module in carefully crafting your detailed response.
3. In answering the thesis writing assignment questions provided, carefully review, reflect upon, and attempt to integrate the textbook material covered in Chapter 1.
4. Please double-space your submission, include your name at the top of its first page, and be sure to cite all sources quoted or paraphrased from (even if it’s only our textbook). Please take careful note of the above formatting instructions.
5. Don’t forget to include a bibliography or “works cited” page at the end!

The 1.2 reading is below and here is how to cite the source from the document.

 

The Philosophical Journey, 7th ed. 

(do it APA style)

PLEASE FOLLOW THE INSTRUCTIONS BELOW

4 REFERENCES

ZERO PLAGIARISM

BASE ON THE EXAM I’M WEAK WITH DIAGNOSIS & STRENGTH IS ETHIC

Based on your practice exam question results from Week 2, identify strengths and areas of opportunity and create a tailored study plan to use throughout this course to help you prepare for the national certification exam. This will serve as an action plan to help you track your goals, tasks, and progress. You will revisit and update your study plan in NRNP 6675, and you may continue to refine and use it until you take the exam.

To Prepare

• Reflect on your practice exam question results from Week 2. Identify content-area strengths and opportunities for improvement.
• Also reflect on your overall test taking. Was the length of time allotted comfortable, or did you run out of time? Did a particular question format prove difficult?

The Assignment

• Based on your practice test question results, and considering the national certification exam, summarize your strengths and opportunities for improvement. Note: Your grade for this Assignment will not be derived from your test results but from your self-reflection and study plan.
• Create a study plan for this quarter to prepare for the certification exam, including three or four SMART goals and the tasks you need to complete to accomplish each goal. Include a timetable for accomplishing them and a description of how you will measure your progress.
• Describe resources you would use to accomplish your goals and tasks, such as ways to participate in a study group or review course, mnemonics and other mental strategies, and print or online resources you could use to study.

For this discussion, you will read “Arts of the Contact Zone” by Mary Louise Pratt, which can be found in Week 11 Readings. Although the text was originally a speech (or keynote address), the ideas presented in it have become hugely influential to our understanding of cultural and linguistic difference. The keynote was given in 1990 and some of these ideas have evolved in the last 30 years. However, they are still very useful for examining (or re-examining) issues we’ve been discussing (regarding space, positionality, identity, geographical location, and power). 

Part 1: Mulling it Over (at least 200 words)

1. Contact Zones are places where “cultures meet, clash, and grapple with each other, often in contexts of highly asymmetrical relations of power, such as colonialism, slavery, or their aftermaths…” Pratt goes on to describe two phenomena that occur in the contact zone: autoethnography and transculturation. Pick one of these terms and explain what the term means, why it happens in contact zones, and how it can help us to understand contact zones better. How does this concept push back against or complicate Benedict Anderson’s concept of an “imagined community”? 

2. Why is it important for groups to have both contact zones and “safe houses”? 

3. How do Contact Zones challenge, change, or push back against the idea of “inside/outside” when discussing colonialism, tourism, and native? 

Part 2: Making Connections (at least 300 words)

4. Apply one quote or idea from Pratt to A Small Place. How can you understand what Jamaica Kincaid is doing better after reading “Arts of the Contact Zone”?

5. Pick one quote below from Nedra Reynolds and apply it or connect it to the reading. 

• “If we could discover more about how people learn about boundaries and borders, when they may cross them without penalty; or how they can slip in without being detected; or what the safe times of day are, then we could apply these findings to a richer understanding of how people learn to read, write, and interact with texts. Imagining acts of writing as material—carving out time and space, in particular circumstances that differ for each writer—opens up new spaces in which to study and understand literacy and the construction of meaning.”
• “My purpose here is … to explore how spaces and places are socially produced through discourse and how these constructed spaces can then deny their connections to material reality or mask material conditions. Cultural geography invites us to question the relationships between material conditions and imagined territories, a relationship I identify here as the politics of space, and [cultural geography also] asks us to attend to the negotiations of power that take place across and within a number of spaces: regional or topographical, domestic or institutional, architectural or electronic, real or imagined.”

6. We’ve actually read a lot of texts that could be interpreted with Pratt’s “contact zones” in mind. Look back to any reading or concept before A Small Place (from the nature unit, the city, or digital spaces) and explore how we can examine or reexamine that idea in light of Pratt’s argument. 

THE LINK TO READINGS: https://fiu.instructure.com/courses/77311/files/12860929/download?verifier=0fLWuCNYfJ5zSd01lgkaijJKoZ8gJR7J1wDBwx0p&wrap=1