Financial Management
Proctored Final Examination
Exam Number 081777
PART A
Question 1: What are the reasons to be cautious in using ratios to evaluate firm performance?
Question 2. Identify and discuss the causes of the financial crisis that peaked in autumn of 2008. Why did it get worse?
Question 3. What are three factors that influence interest rates for individual securities?
Question 4. Identify and describe the two components of risk that make up a stock’s total risk.
Question 5. What’s the risk premium? What’s the risk-free rate typically considered to be?
Question 6. What duties does a company treasurer typically perform?
Question 7. Name and describe the two main methods by which informal resolutions of financial distress take place.
Part B
Question 1: Penelope’s Flower shop, Inc. is looking to raise $25 million to finance firm expansion. When discussing the matter with it’s investment bank, the firm finds out that the bankers recommend a gross proceeds price of $35 per share, and they’ll charge an underwriters spread of 5.6 percent of the gross price. Calculate the net proceeds price to Penelope’s from the sale of the stock.. How many shares of the stock will the company have sell to receive the $25 million it needs?
Question 2: According to the Rule of 72, how many years would it take for an investment to double if it grows at an annual rate of 4 percent?
Question 3: Consider the following financial information for Atlas Awesome Manufacturing, Inc., and Delilah Superior Manufacturing, Inc. Both companies are in the same industry and have identical operating income of $8.4 mmillion. Atlas finances its $15 million in assets with $2 million in debt (on which it pays 9 percent interest) and $13 million in equity.
Delilah finances its $15 million in assets with $12 million in debt (on which it pays 8 percent interest). Both companies pay 32 percent tax on their taxable income. Calculate the following: Each firm’s net income
The income each firm has available to pay its debt holders and stockholders (the firm’s asset funders)
The returns available to the asset funders on their investment in each company (the return on asset-funders’ investment)
Which company offers a higher return on investment to its asset funders? Explain why this company is able to offer a higher return on investment to its asset funders.
Business Law 1
Proctered Final Examination
Exam number 060396
Part A: Answer each of the following questions in a composition of 10 to 20 sentences. Each answer is worth 20 points.
1. Bob and Shirley attempted to form a corporation for the restaurant Bob & Shirley’s.
Bob and Shirley inadvertently failed to file the articles of incorporation. Can they still be treated as a corporation? If yes, how and in which situations?
2. Terry, an adult, enters into a contract with Curtis, a 16-year-old, who lives in his own apartment and supports himself with a part-time job. Terry and Curtis have a dispute about the contract, and the court must decide if it’s enforceable. What argument can Curtis make against enforcement? What counterargument can Terry make?
3. Discuss the six elements of a contract and give an example of each.
Part B: Answer each of the following questions in 2 to 4 sentences. Each answer is worth 5 points.
1. Bud had his agent, Brody, meet with Joey to work out the details of an important busi¬ness contract. Joey didn’t know that Brody was acting on Bud’s behalf. If Joey thinks the contract isn’t being adequately performed, whom may he hold liable? Why?
2. Sally and Burt enter an agreement in which Sally agrees to purchase Burt’s house.
Burt oXXXXX XXXXXsa a large amount of money, and in the agreement, Sally agrees to pay the money for the house directly to Lisa. What rights, if any, does Lisa possess under this contract? Why does she possess these rights?
3. Marsha, a California citizen, is involved in an automobile accident with another driver, Jan, also a California resident. Marsha has medical bills and other damages totaling $50,000. Marsh wants to sue Jan. Should she file in federal court or state court? Why?
4. Alec and James are involved in a lawsuit against one another. Both wish to avoid a trial but don’t want to waste their time with an alternative dispute resolution if a result won’t be assured. Neither trusts the other to make concessions that would result in a fair settlement. What type of alternative dispute resolution should the parties use? Why?
5. Bob owes Elmer $500. Bob signs a document stating “I transfer my right to collect $500 from Elmer to Lucille.” Lucille attempts to collect, and Elmer claims that only Bob can collect because Lucille wasn’t an original party to the transaction that created the debt. Is Bob correct?
6. What is substantial performance, and how does it affect one’s duties under a contract?
7. Paul orally promises to give Mary support for life if she agrees to marry him. Later, they divorce, and Mary claims that Paul has a contractual duty to support her per his promise. Does he? Why or why not?
8. How does the parol evidence rule affect written agreements?1. Bob and Shirley attempted to form a corporation for the restaurant Bob & Shirley’s. Bob and Shirley inadvertently failed to file the articles of incorporation. Can they still be treated as a corporation? If yes, how and in which situations?
Organizational Behavior
Proctored Final Examination
Exam Number 500541
PART A
Question 1: Allison is the manager of the sales department of a medium sized household products company. She’s begun to notice that Dave, a member of her team, has been turning in his reports late and that the quality of the reports has declined. She decides to call him into her office to discuss the issue. how might she use descriptive, specific, and problem oriented elements of supportive communication to guide this discussion-
Question 2 describe the relationship between power and leadership proposed by james macgregor burn, and explain how this relationship is expressed in terms of transactional leadership style
Question 3. briefly define and distinguish between the classical management approach to organizational behavior and the humanistic approach advanced by chester barnard. how are these different from the positive organizational behavior appoach.
PART B: Answer each of the following questions in two or three sentences. Each answer is worth 4 points.
1. Erika has come to realize that time pressure, coupled with too much to do, has become a major source of stress in her work life. what steps can she take to more effectively manage her time and reduce her level of stress
2. Give an example (real or contrived) of Groupthink. Do not use examples given in your textbook. Explain your example.
3. Suppose you’re a manager of a high-tech company contracting firm, which is facing a highly uncertain environment, and pressure to be efficient and respond quickly to customers. In order to respond to these pressures, you put in place a structure that allows you to create and disband project teams on an as-needed basis. What type of organizational structure are you creating? Explain your answer.
4. Describe the positive view of conflict, and explain how it differs from the traditional view.
5. Describe the technique of mindmapping in the creative process.
6. What implications for motivation can be derived from expectancy theory?
7. Explain the appreciative inquiry approach to organization development and the ways in which it
differs from more traditional approaches.
8. Identify which of the Big Five dimensions of personality traits is most strongly correlated to job performance, and explain why.
9. Explain how channeling can interfere with overcoming perceptual biases.
10. Suppose you’re a North American manager working with a business partner from Japan. How might the difference in the cultural context of communication style create challenges in communicating? How much will this cost?
Introduction to Business Statistics
Proctored Final Examination
1. When the owner of a small business reviews her list of contracts for 2011, she finds that 35% of the contracts were from clients she met at a large conference at the end of 2010. Answer the following questions about this situation
A) Was this measurement obtained by a sample or a census? What words in the description of the situation make you confident that your answer is correct?
B) Should the owner have taken into account some measure of reliability associated with the value 35%.
3. Assume that the number of sales per day of an app in the Apple IOS App store is normally distributed.
A) What two parameters of the distribution would you need to be able to determine the probability of sales on a particular day exceeding 100 units?
B) If the probability of sales exceeding 100 units is 20% and the mean daily sales is 86 units, then what is the standard deviation of distribution?
4. Researchers are studying a new chemical process for producing dyes. Although they don’t know it, the yield of the process is normally distributed with u=550kg and O=75kg. The researchers plan to estimate the products mean yield by running the process 35 times, recording the yield each time. Have they chosen a large enough sample to be 90% confident that their computed mean will be within 20kg of the actual mean? Show your work to justify your answer
5. A health inspector at a restaurant will enter the kitchen and choose 5 stations to inspect from a predetermined list of 15 stations present in most restaurant kitchens.
a. How many different sets of 5 stations exist?
b. If all sets are equally likely, what is the probability of each set?
c. If the inspector were instead to randomly select 13 stations to inspect, how many different sets of 13 stations would exist?
d. If all sets were equally likely, what is the probability of each set?
6. The company policy for customer service representatives gives time off for positive reviews. If, in the first 20 calls a customer service agent handles In a day, 13 or more elect to take a subsequent survey and rate the service as “excellent,” then the company gives the agent his or her final hour of work that day off, paid. Ellie receives excellent reviews from about 30% of the calls she handles. Assuming she always receives at least 20 calls in the first
7 hours of a workday, on what percentage of her 8-hour workdays does Ellie get the final hour off?7. A quality control analyst measures the number of hours a patient in a low-risk condition waits for care at the emergency room of a small hospital. The following data are obtained for 20 patients.2.26, 2.01, 3.0, 1.22, 1.92, 1.79, 0.78, 1.89, 0.71, 1.58
2.02, 2.77, 2.87, 0.51, 0.74, 1.95, 2.76, 2.61, 3.54, 2.95
a) Compute the sample mean, sample median, and range of the data
b) Compute the sample standard deviation and sample variation.
8. Since careful records have begun being kept in January, Eric’s small business has delivered the following quantities of flowers throughout town.January February March April May June July August
Small Bouquets 85 34 26 24 43 29 30 19
Large Bouquets 23 64 27 18 33 23 20 13Assuming the data is normally distributed construct two separate 90% confidence intervals one for the number of deliveries of small bouquets in September and one for the number of large bouquets in September.
9. Consider the following data values of a variable x and yX 5, 4 3 6 9 8 10
y 7 8 10 5 2 3 1Construct a scatter diagram for the data points and plot the least squares regression line on it. Find the least squares regression line.
10. A quality control experiment is to be done on a machine that fills tubes with toothpaste. Its specifications require that it fill tubes with 4.7 oz. A random sample of 40 tubes filled by the machine is taken and each tube is weighed. The resulting data are below, with the weighed. The data are below, with the tube already having been subtracted from each. Perform a hypothesis test at the 90% confidence level to determine if the machine is performing according to specification.4.66 4.61 4.71 4.63 4.70 4.62 4.63 4.61 4.70 4.56
4.60 4.66 4.68 4.57 4.67 4.72 4.67 4.64 4.66 4.75
4.69 4.64 4.67 4.65 4.69 4.65 4.75 4.53 4.57 4.74
4.68 4.67 4.66 4.68 4.64 4.65 4.64 4.80 4.71 4.69
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