...Jezreel Spencer 3/5/2014 Financial management 534 Dr. Sinan Yildirim Financial Research Report Provide a rationale for the U.S. publicly traded company that you selected, indicating the significant factors driving your decision as a financial manager. The stock chosen for this report is Wells Fargo & Company (WFC). There are several reasons to recommend this stock to investors the most important being that the entire banking industry has been making a strong return to its pre-recession levels. Banks balance sheets are healthier than they have ever been due to recession as well, which in turn can return investors who may have shied away since the recession. Another major factor when investing in Wells Fargo is the fact that the dividends the company is paying as of March, 1 of 2015, are at 35 cents per share. That is a dramatic 700% gain since the company hit all-time lows of 5 cents during 2011. In stark comparison two of the other “big four” American banks, Bank Of America and Citigroup have yet to show any real improvement over the same time frame with 5 cent and 1 cent dividend payouts respectively. Wells Fargo has the largest market cap of all American banks, and is listed as number 29 in the fortune 100 as well with over 1.5 trillion dollars in assets (Borzyowski, 2014). As stated earlier the entire banking industry is making headway, but there is a difference in the entire Wells Fargo business model. For starters the company has built its capital off of providing...
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...ANALYSIS 1)From the survey we got to know that,17 of employees said that the Employer rarely provides health check-ups of their employees and 2 said that they never get the health check –ups. So the employees often get the service of Health check –ups. 2)Second question asked about that whether the recreational centre provided to them by the employers to freshen up in case of tiring day,majority vote says almost always i.e 13 out of 19. 3)Third question asked about whether their family get the compensation in case of employees death by the employers. 18 employees replied with the answer almost always. 4)Fourth question was asked about whether the timing flexibility provided to them,the majority of 10 votes of employees says sometimes,5 says rarely and 3 of them says never. 5)Fifth question was asked about whether the measures are taken by the employers to reduce stress of employees, the majority vote says sometimes i.e 17 and 2 of them say everyonce in a while. 6)Sixth question was asked about whether the facilities are provided to employees for their wellbeing by your employers,majority vote i.e 11 says everyonce in a while and 8 of them says sometimes. 7)Seventh question was asked about whether any kind of health management programs are provided, majority vote of 14 says everyonce in a while and 5 of them says sometimes. 8)Eigth question was asked about whether the health risk appraisals are given or not, all of them says they never get such type of appraisals...
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...CHAPTER 4 EBIT: Earnings Before Interest & Taxes EBITDA earnings before interest, taxes, & depreciation & amortization Cash Flow Breakeven: Cash flow at zero for a specific period EBDAT: earnings before depreciation, amortization, & taxes EBDAT Breakeven: amount of revenues (survival) needed to cover cash operating expenses “Net Cash Burn” = Cash burn – Cash build “Net Cash Build” if Net sales – Change in receivables Net cash flow from operations Net Income + Depreciation – Increase in receivables – Increase in inventories + Increase in payables + Increase in accrued wages Survival breakeven: SR = VC + CFC CFC includes both fixed operating (e.g., general & administrative, & possibly marketing expenses) & fixed financing (interest) costs SR = CFC/(1 – VCRR) Contriution margin. EBDAT HAS to be 0- NOPAT net operating profit after taxes or EBIT x (1-tax_rate) NOPAD BREAKEVEN TERMS NR = NOPAT/(1-VCRR) = TOFC/(1 – VCRR) TOFC= operating fixed costs CHAPTER 5 Three market stages: development, survival, rapid growrh Current ratio: Average current assets / Average current liabilities Liquid assets = venture’s cash + marketable securities + receivables Quick Ratio = Average current assets – Average inventories Average current liabilities NWC = current assets – current liabilities NWC to Total Assets Ratio: = Ave. current assets – Ave. current liabilities - Ave. total assets Cash Conversion Cycle: inventory-to-sale...
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...XXXXXXXXXXXX SHIPPING COMPANY TERMS AND CONDITIONS OF CARRIAGE 1.Defination Carrier mean the party on whose behalf this Bill of Lading has been signed “Merchant” includes the chatterer, the shipper, the receiver, the consignee, the holder of this Bill of Lading and the owner of the goods. “Ship” includes any vessel owned, chartered or operated by the carrier used in the performance of the contract evidenced by this Bill of Lading carriage includes the river part of route, if any. 2.Paramount clause This Bill of Lading shall have effect subject to the Vietnamese maritime code approved by the National assembly of the socialist republic of Vietnam on 30th June,1990 and any amendment and modification there of however, in case this Bill of lading is issued in the country where the National law requires that the contract evidenced by this Bill of Lading shall take effect subject to the International. Convention for the Unifications of certain rules relating to Bills of Lading signed at Brussels on 25th August 1924 (the Hague rules arteries I to VIII) or Hague rules shall compulsorily apply to the contract evidenced by this Bill of Lading. Neither the Hague rules nor the Hague/Visby rules shall apply to this contract where the goods carried Hereunder consist of live animals or cargo which by this contract is stated as being carried on deck and is so carried. Nothing Herein contained shall operate to limit or deprive the carrier of any statutory protection from or limitation of...
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...Disney Financial Performance Current Ratio The current ration concludes the liquidity of the company. A company’s current assets mainly consist of cash, accounts receivable, and etc. Current liabilities are primarily account payable, accumulated income taxes, existing maturities of long-term debt, and other accumulated expenses payable within one year. When the current ratio is greater than the industry normal, this concludes the presence of redundant assets. Whereas, on the other hand, lower than the industry concludes that there is a lack of liquidity ("Ratios And Formulas In Customer Financial Analysis", 1999). The current ratio formula consists of: Current Assets/ Current Liabilities = Current Ratio (In millions) 2011 | 2012 | 13,757/ 12,088 = 1.1x | 13,709/ 12,813 = 1.0x | Based on the current ratio for the past two years, Disney current ratio has been lower than the industry normal. This can conclude their assets lack liquidity and may have some issues meeting their short-term financial obligations. Debt Ratio The debt ration formula assists with the comparison of a company’s total debt from its total assets. This formula is primarily used to develop a general idea on the leverage of the company. Typically, a greater percentage is stating that the company is more dependent on their creditor, while a lower percentage states the opposite; the company relies less on their creditors and has a strong equity position ("Debt Ratio Formula", n.d.). The debt ratio formula consists...
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...Business Objective – ‘Global Finance Reports’ Operating Guide [pic] Support Team Last Updated on 04-Dec-2011 Table of Contents Objective 3 How to get access to the ‘Secured Finance Folder’ in BO 3 Folder Structure in BO for Global Finance Reports 3 Reports repository 3 BO Support Team 3 Annexure 3 Search Key option in BO 3 Additional Filter option in Bo 3 Enlarge screen with new window and show/hide tool bar 3 How to Change Parameters in BO 3 How to Select Input controls in BO 3 Report Layout Options 3 Objective Considering the complexities in our process, Finance teams always demand reports consolidated from combination of several Companies/Servers. Baan has limitations to generate reports from multiple companies/servers combination. Creating a global universe in BO connecting various company/server (Baan 4, Baan5) will enable us to create much needed consolidated reports at MEP code level. Global universe will also connect to FDSS for using Global mappings like Global Accounts, Bus Org, Global Cost centers, Global Product Lines.. Etc. Using Baan data and Global mappings, reports with Global dimensions can be produced dynamically. Business Objects will be used as the common reporting tool for Finance Reporting. BO will be used to produce dynamic reports from Baan similar to OLS formats. This will be a great help for the site Finance teams to effectively monitor their Month end numbers...
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...Organizational Structure Paper The Results Companies The results companies was founded by Alan Schein and Robert Rapp as a provider for a dialer-based technology and a telemarketing service. In 1990 these two men founded The Results companies as a small private company. The company continued a strong entrepreneurial business to proactively identify great opportunity, implemented them successfully and responsibly through the years. They experienced significant growth, which increased revenues from around $28 million since 2005 to about $75 million in 2009. Revenue continued to grow in 2010 it reached 81.1 million. They continued to grow so they expanded to 13 locations throughout the United States and around the world in 2011. They have locations in the Philippines (Cebu, Eastwood city, Manila; Pasig city-Alaskaland, Pasig city-Q Plaza, Silver city, Manila. In the United States they have sites in Texas, Florida, two in Virginia, Kansas, Utah, and Illinois. Heredia Costa Rica, and two sites in Mexico. “The Results Companies exceeds its clients’ expectations by providing a better operational foundation while integrating leading processes and systems to drive top-tier performance and quality.” (The Results Companies, 2011) The Results management team is constantly focused on ensuring their clients are receiving high-quality service, along with concentrating on strategies that will lower costs and improve their performance. “Our relationship management methodology is a systematized...
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...reviewing production cost reports for the year. One amount in these reports continued to bother him—advertising. During the year, the company had instituted an expensive advertising campaign to sell some of its slower-moving products. It was still too early to tell whether the advertising campaign was successful.There had been much internal debate as how to report advertising cost. The vice president of finance argued that advertising costs should be reported as a cost of production, just like direct materials and direct labor. He therefore recommended that this cost be identified as manufacturing overhead and reported as part of inventory costs until sold. Others disagreed. Terrago believed that this cost should be reported as an expense of the current period, based on the conservatism principle. Others argued that it should be reported as Prepaid Advertising and reported as a current asset.The president finally had to decide the issue. He argued that these costs should be reported as inventory. His arguments were practical ones. He noted that the company was experiencing financial difficulty and expensing this amount in the current period might jeopardize a planned bond offering. Also, by reporting the advertising costs as inventory rather than as prepaid advertising, less attention would be directed to it by the financial community. | | Instructions | (a) | Who are the stakeholders in this situation?The stakeholders are the vice president of finance, and also the president...
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...SESSION: MARCH 2011-SEPTEMBER 2011 NIPS COLLEGE OF IT AND MANAGEMENT ALL AHABAD [Synopsis and Project Guidelines] MCA-6th Semester BCA-6th Semester PGDCA-2nd Semester And MBA-4th Semester IMPORTANT DATE S ynopsis Approval Last Date Project S ubmission Date MBA S ynopsis Approval Last Date MBA Project S ubmission Date : : : : 20/05/2011 27/07/2011 30/05/2011 10/08/2011 IMPORTANT INFORMATION MCA-6th S em Project Coordinator PGDCA-2nd S em Project Coordinator BCA-6th Sem Project Coordinator MBA- 4th S em Project Coordinator : Mrs Seema S rivastava : Mr.Gangesh Kumar :Mr.Deepak Mishra Ph:9451686685 :Mr. Jitendra Kumar Keswani Ph: 8081313153 SYNOPSIS GUIDELINE SYNOPSIS AND PROJECT GUIDELINES MCA- BCA- PGDCAMCA -6 BCA-6 & PGDCA -2 Synopsis Format 1. Introduction Of Project 2. Objective Of The Project 3. Scope Of The Project 4. Project Plan 5. The Existing System 6. Background Of The Organization 7. Current Problems 8. Areas For Improvement 9. Proposed System 10. Input/Output Requirement 11. Hardware And Software Requirement 12. Database Requirement 13. System Design 14. Tables And Fields For Database 15. Database Dictionary 16. E-R Diagram 17. ‘0’ Level DFD 18. ‘1’ Level DFD 19. Security Control 20. Future Scope Of The Project 21. Conclusion NIPS COLLEGE OF IT & MANAGEMENT ALLAHABAD Ph: 0532-3291133 th th nd 1 SYNOPSIS AND PROJECT GUIDELINES 22. Reference Or Bibliography Some Suggested Project Title 1. Bank Transactions Management 2. Hotel...
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...1.0 Introduction Armco Inc. is a steel manufacturer that used to be the sixth largest in its industry in US (in 1990). The Kansas City Works within its Midwestern Steel Division was hit by the decline in the business in the US steel industry despite its good performance in the past. Consequently, it downsized and incurred significant losses in most of the 1980s. This entity produces two primary products including grinding media and carbon wire rod, one being recognized in the industry for its durability while the later being non profitable and only covering some of its fixed costs through volume. 2.0 What’s wrong with the old system? (a) Inconsistency with organization’s strategy The Objective of Armco Inc. is maximizing profits and sustaining its position among the leaders in the US manufacturing steel industry. To achieve this objective, Armco has adopted a cost leadership strategy with a broad appeal and has managed to grow bigger through joint ventures and expansion of its product lines in implementing its strategy. However, the strategy adopted by the Kansas City Works is based on differentiation due to its cost disadvantages such as union labor costs and inefficient plant infrastructure.Union labor costs in Kansas City were higher than those of some of its nonunion competitors, particularly those located in the Southeastern U.S. and non-U.S. locations. The Works had an inefficient plant infrastructure because the plant was designed to accommodate five times as many employees...
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...reviewing production cost reports for the year. One amount in these reports continued to bother him—advertising. During the year, the company had instituted an expensive advertising campaign to sell some of its slower-moving products. It was still too early to tell whether the advertising campaign was successful.There had been much internal debate as how to report advertising cost. The vice president of finance argued that advertising costs should be reported as a cost of production, just like direct materials and direct labor. He therefore recommended that this cost be identified as manufacturing overhead and reported as part of inventory costs until sold. Others disagreed. Terrago believed that this cost should be reported as an expense of the current period, based on the conservatism principle. Others argued that it should be reported as Prepaid Advertising and reported as a current asset.The president finally had to decide the issue. He argued that these costs should be reported as inventory. His arguments were practical ones. He noted that the company was experiencing financial difficulty and expensing this amount in the current period might jeopardize a planned bond offering. Also, by reporting the advertising costs as inventory rather than as prepaid advertising, less attention would be directed to it by the financial community. | | Instructions | (a) | Who are the stakeholders in this situation?The stakeholders are the vice president of finance, and also the president...
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...Jacob Miller 3/28/2011 Third district report Third District-Pheledelphia Business activity in the Third District has improved overall since the last Beige Book. Their was a strong increases in shipments and new orders in February.Third District banks reported little overall change in loan volume outstanding since the last Beige Book.Contacts in the commercial real estate sector said that leasing and construction activity have remained at low levels since the last Beige Book.The outlook among Third District business contacts is positive but not strong. Bankers expect only slight growth in lending over the next two quarters. Contacts in commercial real estate expect market conditions to improve slowly during the year. Manufacturing Third District manufacturers reported strong increases in shipments and new orders from January to February.Producers within the furniture, petroleum, and fabricated metals sectors reported no overall change in demand.Third District manufacturers expect business conditions to improve during the next six months.Among the firms surveyed in February, about half expect increases in new orders and shipments, and less than one-tenth expect decreases.Capital spending plans among area manufacturers remain positive, but lessened somewhat over the past two months, mostly from January to February. Retail Third District retailers generally reported modest year-over-year increases in sales in January and February. Snowstorms...
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...company. Accounts are in charge keeping track of expenses, revenues, and ensuring the company’s taxes will be paid on a timely basis. Most employers will require that a potential candidate have at a minium a bachelor’s degree in accounting or related field. An entry level account’s salary range begins on average $55,000 and will average 40-70 hours per week depending on the level of experience. Accounting Position 1: Degreed Staff Accountant, $52,500 * Analyzing and processing financial statements * Assisting budget prep * Preparing customer invoices and monthly reports * Maintaining the general ledger * Developing financial statements and reports * Assist in the internal/external audit process * Assist with month-end close * Extensive reporting in Excel Accounting Position 2: BS/BA Degree in Accounting/Finance. $54,500 • 2 years accounting/finance experience as well as broad business knowledge and analytical skills • 2 years’ experience working with U.S. GAAP required • 2 years’ experience working with Excel, large ERP system and reporting tools. Accounting Position 3: Senior Account Specialist, $32,800-$42,250 * Will be responsible for reconciliation of vendor statements, working with vendors and internal staff to resolve unpaid invoices. As well as other assigned duties. References https://aviall.hua.hrsmart.com/ats/js_job_details.php...
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...Leslie M. Rogakis HCA 240-0500 03/29/2015 Professor Tirizia York Variance Analysis A variable department manager has many factors to consider when interpreting and analyzing a variance report. Variances can be attributed to factors such as increased or decreased volume, wage increases, cost increases for equipment and cost increases for supplies. Variance reports are a tool that can be utilized to analyze how well a company is doing with meeting current budgetary goals as well as a means for forecasting information for future budgets. In preparing a variance analysis report to be presented to the vice president, the information needs to be simple enough to understand easily, but detailed enough for the information to be useful to the person reading the report. To ensure a well-rounded variance report it should include information such as budgeted values, the actual values for the specific term as well as the overall variance. This paper will explain the relationships between variance reporting, interpreting or analyzing variance report results, and actual results of performance. A variance report is a valuable tool used to analyze a company’s or a specific department’s performance in a given period. When variances in wages occur, there are several factors that could have contributed to that variance. Such factors include higher than expected patients admittance, longer than average patient days and possibly wage increases awarded to staff. An additional factor could...
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...asked the engineers what was the problem. He found out that the employees were not satisfied with the jobs assigned to them. They spent almost half of their time writing asinine reports in triplicate for top managers and no one would read them. He promised the engineers that he will take the top managers off their backs. He ordered that all reports be turned to his office daily rather than mailed to the headquarters. By month’s end, the stack was nearly three feet high. Finally, a secretary from finance asked for the monthly travel and expense report. The next morning Terrill entered the president’s office and placed the stack of reports on his desk. The president and other senior executives looked bewildered. He told the top management that those reports were the reason why his department lacks productivity. He suggested that engineers’ time must be used in a more productive manner and one brief monthly report will satisfy the needs of other departments. II. Statement of the Problem The Technical Services Division of DGL International was the highest paid, best-educated, but it was the least-productive division in the company. Problems 1. Employees were not satisfied with the jobs assigned to them. 2. Engineers spent half of their time writing reports and no one would read them. Alternatives / Remedies/ Solutions 1. Show great concern for their personal welfare. Ask them what their problem is and help them in the best way...
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