Category: Essays

We are analyzing the stock of the General Electric. We will estimate prices based on both the dividend-discount model and discounted free cash flow valuation methods. GE uses a cost of equity of 10.5% and a WACC of 7.5%. The expected ROE on new investments is 12%. These rates should be inputs to your model. For all time-value of money calculations, we are using annual cash flows which we will assume take place one year from now.

Go to Yahoo! Finance (finance.yahoo.com ) and enter the symbol for General Electric (GE). From the main page for GE, gather the following information and enter it onto a spreadsheet:

The current stock price (last trade) at the top of the page.

The current dividend amount, which is in the bottom-right cell in the same box as the stock price.

Next, click “Key Statistics” from the left side of the page. From the Key Statistics page, gather the following information and enter it on the same spreadsheet:

The number of shares of stock outstanding.

The Payout ratio. You will notice the current payout ratio is > 100% which would eventually drive a firm into the ground. The analyst estimate for 2015 is $1.31 per share so you can calculate a better value for the payout ratio.

Next, click “Analyst Estimates” from the left side of the page. From the Analyst Estimates page, find the expected growth rate for the next five years and enter it onto your spreadsheet. It will be near the very bottom of the page.

Next, click “Income Statement” near the bottom of the menu on the left. Copy and paste the entire three years of income statements into a new worksheet in your existing Excel file. (Note: if you are using IE as your browser, you can place the cursor in the middle of the statement, right­click, and select “Export to Microsoft Excel” to download an Excel version.) Repeat this process for both the balance sheet and cash flow statement for General Electric. Keep all the different statements in the same Excel worksheet.

To determine the stock value based on the dividend-discount model:

Create a timeline in Excel for five years.

Use the dividend obtained from Yahoo!Finance as the current dividend to forecast the next five annual dividends based on the five-year growth rate. You may allow for fractions of a penny in dividend estimates.

Determine the long-term growth rate based on GE’s payout ratio (which is one minus the retention ratio) using the formula in the “Estimating Dividends” slide.

Use the long-term growth rate and the estimated dividend for year 6 to produce a terminal value at t=5. Use the dividend discount model to estimate stock price.

What combinations of long-term growth rate and short-term growth rates would produce the price you are currently observing? Please create a column of short-term growth rates ranging from 3% to 9% incremented by 1%. For each value calculate the long-term growth rate that produces the observed stock price. You can do this using Goal Seek or solver. Please present your results in a table. You will note that data tables aren’t capable of handling this task and macros are very hard to use with Solver or Goal Seek.

To determine the stock value based on the discounted free cash flow method:

Forecast the free cash flows using the historic data from the financial statements downloaded from Yahoo! to compute the three-year average of the following ratios:

EBIT/Sales

Tax Rate (Income Tax Expense/Income Before Tax)

Property Plant and Equipment/Sales

Depreciation/PPE

Net Working Capital/Sales

Create a timeline for the next seven years.

Forecast future sales based on the most recent year’s total revenue growing at the five-year growth rate from Yahoo! for the first five years and the long-term growth rate for years 6 and 7.

Use the average ratios computed in part (a) to forecast EBIT, property, plant and equipment, depreciation, and net working capital for the next seven years.

Forecast the free cash flow for the next seven years using the first equation in the slide “Discounted Free Cash Flow Model.”

Determine the terminal value for all of the free cash flows for years 8 and beyond. The terminal value is the present value as of t=7.

Estimate the stock price per the equations on slide “Discounted Free Cash Flow Model.” This the primary output of this section of the assignmen

During the Great Recession, like any other economic downturns, as unemployment rises, aggregate income declines causing a major decline in tax collections. On the other hand, with the rise in unemployment, spending on safety net programs rise. So, there are not too many good options available to resort the health of the national economy. It will be very difficult to defend cuts in the federal government programs and especially the programs geared to sustain the minimum of the standard of living for the recent “poor.” So, government needs to increase its borrowing. Deficit spending refers to government spending exceeding what it brings in federal income and corporate taxes during a certain period. Deficit spending hence increases government debt. Most economists accept that deficit spending is desirable and necessary as part of countercyclical fiscal policy. In such a case, government increases its borrowing and hence its deficit to compensate for the shortfall in aggregate demand. This is derived from Keynesian economics, and has been the mainstream economics view. Following John Maynard Keynes, many economists recommend deficit spending to moderate or end a recession, especially a severe one. When the economy has high unemployment, an increase in government purchases creates a market for business output, creating income and encouraging increases in consumer spending, which creates further increases in the demand for business output. (This is the multiplier effect). This raises the real gross domestic product (GDP) and the level of employment and lowers the unemployment rate. Government borrowing under such circumstances increases the demand for borrowing and thus pushes interest rates up. Rising interest rates can “crowd out” (discourage) fixed private investment spending, canceling out some of the demand stimulus arising from the deficit

Write an essay analyzing the advantages and disadvantages of deficit spending and the effects of federal government borrowing on the economy i.e., the “crowding out” effect.
Complete this essay in a Microsoft Word document in APA format. Your work will automatically be submitted to Turnitin for plagiarism review. Please note that your essay needs to have a minimum of 700 words and a maximum of 1100 words.

Your paper should be structured as follows

1. Cover page with a running head

2. Introduction: What is deficit spending and how does it work.

3. Main Body

3.1. Advantages

3.2. Disadvantages

3.3. Crowding-out Effect

4. Conclusions: Do you believe that deficit spending helps or hinders short-term and long-term economic growth

Go to Google Trends at google.com/trends and search for one of your favorite brands as well as two or three of its competitors.

Analyze the trends that you observed with each company. To what could you attribute the increases or decreases in each company’s trend(s)?
What recommendations would you give to the brand managers of your favorite brand to increase the trend line for the future?

* From the scenario, suggest two (2) marketing strategy options that Golds Reling, Inc. could implement. Next, select the option that you believe will be most effective for the new product launch. Justify your response.

Imagine that you are about to launch a social networking site. Determine the target market to which your social media site will cater. Recommend a marketing strategy to entice your chosen target market to join your site. Determine the approach you will use to measure success. Provide a rationale for your response

Ethical Profile Paper

Directions:

You are to write an ethical profile paper that recognizes the formative influence of your family, heroes, and personal style on you as an ethical professional. This paper will provide a profile of you in regards to your ethical and professional practice. You will be required to include information on who you are as an ethical professional, how this course has shaped your unique ethical decision-making style, and the areas in which you feel still need further development.

Include the following four sections in your paper:

Ethical Autobiography: First, explain how you think through and determine what is “right” and “wrong” (personally and professionally) in your own daily life. Second, identify four examples of ethical behaviors and explain how your cultural heritage has shaped your values. Third, describe the nature of the four ethical behaviors you see in yourself.
Professional/Ethical Hero: First, identify an ethical “hero,” an individual that has most impressed you and serves as your role model because of their professional/ethical presence (i.e., sensitivity, appropriate boundaries, and respect for privacy, ethical commitment, and ethical courage). Elaborate on his or her ethical characteristics. Discuss how this person can (or does) serve as a role model for others in the helping profession. Second, describe how this “hero” has influenced your value system. Click here to read an article on ethical hero.
Ethical Decision-Making Style: This section will articulate your implicit style in terms of ethical decision making. Although there are specific models that help facilitate ethical decision making, everyone has his or her own unique style. Taking into consideration the ethical decision-making models presented in this course, identify the style that reflects your early and ongoing experiences with moral values and issues that has been influenced and shaped by your parents, relatives, peers, and valued adults in your life, such as a teacher or coach. Use what you have written from your autobiography to supplement this discussion. In summary, explain your implicit ethical decision-making style, including how this course and your cultural heritage have served as influential factors.
Professional and Ethical Development: Ethical development is, for most, a career-long process. In the last section of your paper, please identify at least two areas discussed in this module/course where you feel you would benefit from more development. Lastly, suggest ways in which you can acquire your further development.

Please include information from two or more external scholarly references using APA formatting for all citations.

Your paper should be approximately 6–8 pages in length, be double-spaced, in 12 point, Times New Roman font with normal 1” margins; be written in APA style; and be free of typographical and grammatical errors. It should include a title page with a running head, an abstract, and a reference page.

Assignment 1 Grading Criteria
Maximum Points
Explained how you thought through and determined what is “right” and “wrong” (personally and professionally) in your own daily life.
28
Identified four examples of ethical behaviors and explained how your cultural heritage has shaped your values.
36
Described the nature of the four ethical behaviors you have seen in yourself.
28
Identified an ethical “hero” that has served as your role model and explained his or her ethical characteristics.
24
Described how this “hero” has influenced your value system.
24
Explained your implicit ethical decision-making style, including how this course and your cultural heritage have served as influential factors.
28
Identified at least two professional/ethical areas where further development would be beneficial.
32
Suggested ways in which further development and/or training can be acquired.
20
Included information from two or more external scholarly references

All students are required to write a 3-5 page (double spaced, typed, 12 inch font) paper. Grammar does count! Please provide a response to the following questions:

Briefly describe your own history (family structure, birth place, income level, names of siblings, children, parents, grandparents, great-grandparents etc.). What traditions and stories have been passed down from generation to generation? If your family heritage is unknown please reflect on how this has impacted your life.

When did you first become aware of the concept of race? How did it impact your world view (please provide an example)

Describe the impact of racism (or living in a race conscious society) upon you and/or your family’s experiences in the U.S.

Do you feel that the effects of slavery still impact the African American Experience in the U.S.? Explore 2-3 examples of how OR how not.

What solutions can you offer improve race relations in society today

A good friend, Maria, has just asked your advice now that you are taking business math. She has never owned a car before and doesn’t know if she should lease or buy one. She doesn’t really understand the financial or other advantages and disadvantages of owning versus leasing. She has visited a dealership and gotten some basic information on the car of her choice. Maria summarized the information from the dealer into a table and outlined some of her questions. She would like your help analyzing the information and deciding what to do.

1.Look under the Project icon and download the file name Car Worksheet. Save the worksheet to your computer with the filename your lastnamefirstinitial_worksheet_P3. For example, if Jenny Wu is doing this project she would save the worksheet as wuj_worksheet_P3. When you open the worksheet be sure to put a heading at the top with your name and the project title.

2.Complete the remaining entries under Solution Plan in the worksheet. Be sure to use complete sentences in items 1 through 5.

3.Scroll back up the worksheet and look at the questions under What we are looking for and include your answers under each question. Be sure to write in complete sentences.

4.Now its your turn. Pick a car that you like and that you may be able to afford. Complete the following. Use full sentences in all responses.

1.Call or visit a dealership and find out how much it would cost to lease and to purchase the car of your choice. Don’t forget to record the name of the person you speak to, their title, the date, and the dealership name. Be sure to specify what optional equipment you want. Be specific. Tell me the exact model you want.

2.Visit the two websites http://www.kbb.com/ and http://www.edmunds.com/ and get the car sticker price, dealer costs, and the average purchase price for the car you selected. How does the dealer cost compare to the sticker price? Be sure you include all the options you specified when you priced the car with the dealer. How does this information help you when negottiating with the dealer?

3.New cars depreciate, that is lose value, as soon as you drive them out of the showroom. Some cars hold their value better than others. Search on the web and find out about depreciation rates on new cars. See if you can find the rate for the car you are interested in. Use the websites listed above and look up the resale value of a three year old model of the car you are interested in. Compare it to some other cars. What does that tell you about the rate of depreciation on the car you are interested in?

4.After reviewing your answers to question 6 on the worksheet what would you do – buy or lease? Why?

5.You should be able to add the information to your worksheet file but if you created a new file to answer the questions be sure to name the file with with the filename your lastnamefirstinitial__car. For example, if Jenny Wu is doing this project she would save the file as wuj_P3. Remember the file must be a WORD or Rich Text file. Be sure you put a heading at the top with your name and the project title.

6.Include a Reference List giving all sources you consulted for this project. If you are not sure how to properly cite your references seehttp://www.bergen.edu/pages/2306.asp.

Write an assignment on different characteristics of scale types. Explain Observation and Experimentation with help of an example (related to Information Security). What are different sources of secondary data information? Write a note on different types of measurement scales

The Session Long Project entails you going through the process of influencing policymakers. Under the Connecticut Health Policy toolbox resource, read the section on “Writing to Policymakers.” You will notice toward the bottom of that page, “sample letters” and “related articles.” Read these sections as you will use them throughout your Session Long Project.
Your Task

The health topic this Session Long Project will focus on Mental Health.

Choose any topic that is related to the category stated above. Choose whether you will advocate for change at the local, state, or national level.
For this SLP assignment, you will be writing to “raise a concern.” (see sample letter for guidance on the bottom of the Connecticut Health Policy toolbox webpage)
Choose one of the related articles on the bottom of the Connecticut Health Policy toolbox. Describe the key points of the article (one paragraph) and how it relates to influencing policymakers (one paragraph).
Write a one-page letter, that encompasses the information from the above 3 bullets (on “raise a concern”).

Note: The first page addresses bullets 1 – 3. The second page is a one-page letter on “raising a concern” and encompasses the information from questions 1 – 3 (see sample letters for guidance). Your letter must be on a topic related to the category stated above and must be directed toward the local, state, OR federal level.
SLP Assignment Expectations

Length: 2 pages.

Your work will be evaluated based on the performance assessment grading rubric criteria. Review it before you begin working on the assignment

ENGLISH

D1)”Incorporating Graphics Into the Justification Report” Please respond to the following:

· This week, you are to add a graph to your Justification Report. Discuss how you’ll approach this part of your assignment, and state the main reasons why you feel that graphs are a necessary part of a formal report.

· From Part 1 of this discussion, determine the main benefits of using graphs in the report presentation. Next, explain the manner in which a creatively constructed graph might help you to better manage and present your data.

D2)Putting it all Together – Revising the Justification Report” Please respond to the following:

· This week, you will utilize the techniques that you have studied in your readings to revise your Justification Report while adding the final parts. Based on your readings, state three (3) things that you will be looking for as you revise and proofread (e.g. organization, structure, grammar elements). Discuss the strategies that you will implement to ensure that your assignment is polished and in final draft format.

All students are required to write a 3-5 page (double spaced, typed, 12 inch font) paper. Grammar does count! Please provide a response to the following questions:

Briefly describe your own history (family structure, birth place, income level, names of siblings, children, parents, grandparents, great-grandparents etc.). What traditions and stories have been passed down from generation to generation? If your family heritage is unknown please reflect on how this has impacted your life.
When did you first become aware of the concept of race? How did it impact your world view (please provide an example)
Describe the impact of racism (or living in a race conscious society) upon you and/or your family’s experiences in the U.S.
Do you feel that the effects of slavery still impact the African American Experience in the U.S.? Explore 2-3 examples of how OR how not.
What solutions can you offer improve race relations in society today?

I will upload my personal info in the docs and you can elaborate it to answer these questions.