...The Impact of the Affordable Care Act on Businesses Sadie Boyd Webster University FINC 5000 Abstract This research paper was created to bring a better understanding on how the Patient Protection and Affordable Care Act affect business, government, and average American. Small business owners have historically had a much harder time providing themselves and their employees with insurance due to rising health insurance costs; meanwhile bigger businesses remain largely unaffected due to the leverage buying large group health plans gives them. This problem has only gotten more severe in the past decade. Today, almost half of America's uninsured are small business owners, employees or their dependents. There are around 44 million Americans who currently are unable to get health insurance. The Patient Protection and Affordable Care Act (PPACA,) signed into law by President Barack Obama on March 23, 2010. Several rationales were offered in support of this legislation, including that it would lead to the creation of jobs and the reduction of the federal budget deficit. Everyone is affected by this health care in one way or another. The Patient Protection and Affordable Care Act Consistent with respected economists‟ forecasts, the health care law contains a number of provisions that will eliminate jobs, reduce hours and wages, and limit future job creation. Specifically, the law: * Penalizes employers for failing to offer coverage deemed acceptable by the government; ...
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...FINC 5000 Week 5 Homework Assignment Click Link Below To Buy: http://hwcampus.com/shop/finc-5000-week-5-homework/ Chapter 9: For Week 5, please turn in the answers to the following questions: 1. What does it mean when people refer to a firm’s “cost of capital?” 2. What are the three components that normally make up a firm’s weighted average cost of capital (WACC)? 3. (calculating the after-tax cost of debt) Suppose your firm can borrow what it needs from a local bank at 4.5% interest. If your firm’s effective tax rate is 40%, what is its after-tax cost of debt? 4. (calculating the cost of preferred stock) Suppose your firm wants to finance a project, in part, with 4.0%, $100 par preferred stock which the firm’s investment bankers say can be sold for $60 a share. The investment bankers will charge your firm $1 a share to handle the stock issue. Given these conditions, what is your firm’s cost of preferred stock? 5. (calculating the cost of common stock, or common equity per the dividend growth model approach) Your firm’s common stock is selling for $37.00 a share and it paid a dividend last year to the common stockholders of $1.60. If the growth rate in earnings and dividends for your firm is estimated to be a constant 5% for the foreseeable future, what is your firm’s cost of common equity per the dividend growth model approach? 6. (cost of common stock, or common equity per the CAPM approach) After some research on the Internet, you...
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...FINC 5000 Homework Assignment for Week 6: Click Link Below To Buy: http://hwcampus.com/shop/finc-5000-homework-assignment-for-week-6/ For Week 6, please turn in the answers to the following questions: 1. List the three steps that make up the general approach to capital budgeting. 2. Define an “Incremental cash flow” as the term is used in capital budgeting 3. Define the payback period method in capital budgeting and state the payback period decision rule. 4. What is the payback period of the following project? Initial Investment: $60,000 Projected life: 7 years Net cash flows each year: $14,000 5. Define the discounted payback period method in capital budgeting and state the payback period decision rule. 6. What is the discounted payback period of the project in Question 4, assuming your cost of capital is 7%? 7. Define the Net present Value (NPV) method in capital budgeting and state the NPV decision rule. In economic terms, what does the NPV amount represent? 8. Your firm is looking at a new investment opportunity, Project Z, with net cash flows as follows: ---- Net Cash Flows ---- Project Z Initial Cost at T-0 (Now) ($100,000) cash inflow at the end of year 1 50,000 cash inflow at the end of year 2 40,000 cash inflow at the end of year 3 30,000 Calculate project Z's Net Present Value (NPV), assuming your firm’s required rate of return...
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...FINC 5000 Homework Assignment for Week 6: Click Link Below To Buy: http://hwcampus.com/shop/finc-5000-homework-assignment-for-week-6/ For Week 6, please turn in the answers to the following questions: 1. List the three steps that make up the general approach to capital budgeting. 2. Define an “Incremental cash flow” as the term is used in capital budgeting 3. Define the payback period method in capital budgeting and state the payback period decision rule. 4. What is the payback period of the following project? Initial Investment: $60,000 Projected life: 7 years Net cash flows each year: $14,000 5. Define the discounted payback period method in capital budgeting and state the payback period decision rule. 6. What is the discounted payback period of the project in Question 4, assuming your cost of capital is 7%? 7. Define the Net present Value (NPV) method in capital budgeting and state the NPV decision rule. In economic terms, what does the NPV amount represent? 8. Your firm is looking at a new investment opportunity, Project Z, with net cash flows as follows: ---- Net Cash Flows ---- Project Z Initial Cost at T-0 (Now) ($100,000) cash inflow at the end of year 1 50,000 cash inflow at the end of year 2 40,000 cash inflow at the end of year 3 30,000 Calculate project Z's Net Present Value (NPV), assuming your firm’s required rate of return...
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...FINC 5000 Week 5 Homework Assignment Click Link Below To Buy: http://hwcampus.com/shop/finc-5000-week-5-homework/ Chapter 9: For Week 5, please turn in the answers to the following questions: 1. What does it mean when people refer to a firm’s “cost of capital?” 2. What are the three components that normally make up a firm’s weighted average cost of capital (WACC)? 3. (calculating the after-tax cost of debt) Suppose your firm can borrow what it needs from a local bank at 4.5% interest. If your firm’s effective tax rate is 40%, what is its after-tax cost of debt? 4. (calculating the cost of preferred stock) Suppose your firm wants to finance a project, in part, with 4.0%, $100 par preferred stock which the firm’s investment bankers say can be sold for $60 a share. The investment bankers will charge your firm $1 a share to handle the stock issue. Given these conditions, what is your firm’s cost of preferred stock? 5. (calculating the cost of common stock, or common equity per the dividend growth model approach) Your firm’s common stock is selling for $37.00 a share and it paid a dividend last year to the common stockholders of $1.60. If the growth rate in earnings and dividends for your firm is estimated to be a constant 5% for the foreseeable future, what is your firm’s cost of common equity per the dividend growth model approach? 6. (cost of common stock, or common equity per the CAPM approach) After some research on the Internet, you...
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...FINC 5000 Homework Assignment for Week 1 Click Link Below To Buy: http://hwcampus.com/shop/finc-5000-homework-assignment-for-week-1/ For Week 1, please turn in the answers to the following questions: Chapter 1: 1. Describe the field of finance. How is it different from the field of accounting? 2. What are the three forms of business generally encountered in the US? What are the main defining characteristics of each? 3. What should be the basic financial goal of a business? 4. In the context of a corporation seeking to maximize the wealth of its owners, how is “wealth” defined? 5. What are the three broad factors that influence the market price of a corporation’s stock? 6. Name three ways in which businesses can raise money from external sources when they need it for expansion or project funding. Chapter 2: 7. What is the purpose of a balance sheet? What are some examples of typical balance sheet accounts? 8. What is the purpose of an income statement? What are some examples of typical income statement accounts? 9. What is the purpose of a statement of cash flows? What are some examples of typical statement of cash flow accounts? 10. a. What are “Free Cash Flows (FCF)?” b. What is “NOPAT?” 11. What was Joe’s average, or effective tax rate in 2014? 12. What was Joe’s NOPAT in 2014? 13. What was Joe’s Free Cash Flow (FCF) in 2014? (Note: For this...
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...FINC 5000 Homework Assignment for Week 1 Click Link Below To Buy: http://hwcampus.com/shop/finc-5000-homework-assignment-for-week-1/ For Week 1, please turn in the answers to the following questions: Chapter 1: 1. Describe the field of finance. How is it different from the field of accounting? 2. What are the three forms of business generally encountered in the US? What are the main defining characteristics of each? 3. What should be the basic financial goal of a business? 4. In the context of a corporation seeking to maximize the wealth of its owners, how is “wealth” defined? 5. What are the three broad factors that influence the market price of a corporation’s stock? 6. Name three ways in which businesses can raise money from external sources when they need it for expansion or project funding. Chapter 2: 7. What is the purpose of a balance sheet? What are some examples of typical balance sheet accounts? 8. What is the purpose of an income statement? What are some examples of typical income statement accounts? 9. What is the purpose of a statement of cash flows? What are some examples of typical statement of cash flow accounts? 10. a. What are “Free Cash Flows (FCF)?” b. What is “NOPAT?” 11. What was Joe’s average, or effective tax rate in 2014? 12. What was Joe’s NOPAT in 2014? 13. What was Joe’s Free Cash Flow (FCF) in 2014? (Note: For this...
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...FINC 5000 Homework Assignment for Week 3: Click Link Below To Buy: http://hwcampus.com/shop/finc-5000-homework-assignment-for-week-3/ Chapter 5: For Week 3, please turn in the answers to the following questions: 1. Define the following terms as they apply to bonds: a. Face value b. Maturity date c. Coupon interest (including coupon interest rate) d. Current yield e. Yield to maturity (YTM) f. Yield to call (YTC) g. Call premium 2. What are “Zero-coupon” bonds? 3. Suppose you see the following bond price quote in the newspaper: McDonalds 5.7% 2039……..122.733 What can you tell about this bond from reading the price quote? 4. (calculating the present value of a bond) If a corporate bond with a face value of $1,000 has 24 years to go until it matures, has a coupon interest rate of 5.7% and a yield to maturity (YTM) of 4.201%, what should be its price in the bond market (ie, PV)? 5. (calculating the current yield of a bond) If a corporate bond with a face value of $1,000 has 24 years to go until it matures, has a coupon interest rate of 5.7% and a market price of $1,223.92, what is its current yield? 6. (calculating the YTM of a bond) If a corporate bond with a face value of $1,000 has 24 years to go until it matures, has a coupon interest rate of 5.7% and a market price of $1,223.92, what is its yield to maturity (YTM)? 7. (calculating the YTC of a bond) Assume a callable corporate bond with a face value of $1,000, a coupon interest rate of 5.7%, a market...
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...FINC 5000 Final Exam Part B, Problems Click Link Below To Buy: http://hwcampus.com/shop/finc-5000-final-exam-part-b-problems/ Directions: You may complete the exam in Excel or in Word. • If you choose to complete the exam in Excel, open the Excel program and create a new spreadsheet named final exam (your last name). Then answer the following questions on the spreadsheet. You may put each problem on a separate tab in the spreadsheet if you like. Save the file when you are finished, then submit the exam on the course website just as you would a normal homework assignment. • If you choose to complete the exam in Word, open the Word program and create a new document named final exam (your last name). Then answer the following questions on the document. Be sure to show your calculations. Save the file when you are finished, then submit the exam on the course website just as you would a normal homework assignment. Question 1: (Cost of Capital) 8 points Pine Tree Farms Corporation (PTFC) has a target capital structure of 20% debt, 10% preferred stock, and 70% common equity. Currently PTFC has a capital structure of 70% debt, 10% preferred stock, and 80% common stock. The after tax cost of debt is 4.5%. The preferred stock has a par value of $100 per share, a $5 per share dividend, and a market price of $70 per share. The common stock of PTFC trades at $97 per share and has a projected dividend (D1) of $2.60. The stock price and dividend are...
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...FINC 5000 Homework Assignment for Week 3: Click Link Below To Buy: http://hwcampus.com/shop/finc-5000-homework-assignment-for-week-3/ Chapter 5: For Week 3, please turn in the answers to the following questions: 1. Define the following terms as they apply to bonds: a. Face value b. Maturity date c. Coupon interest (including coupon interest rate) d. Current yield e. Yield to maturity (YTM) f. Yield to call (YTC) g. Call premium 2. What are “Zero-coupon” bonds? 3. Suppose you see the following bond price quote in the newspaper: McDonalds 5.7% 2039……..122.733 What can you tell about this bond from reading the price quote? 4. (calculating the present value of a bond) If a corporate bond with a face value of $1,000 has 24 years to go until it matures, has a coupon interest rate of 5.7% and a yield to maturity (YTM) of 4.201%, what should be its price in the bond market (ie, PV)? 5. (calculating the current yield of a bond) If a corporate bond with a face value of $1,000 has 24 years to go until it matures, has a coupon interest rate of 5.7% and a market price of $1,223.92, what is its current yield? 6. (calculating the YTM of a bond) If a corporate bond with a face value of $1,000 has 24 years to go until it matures, has a coupon interest rate of 5.7% and a market price of $1,223.92, what is its yield to maturity (YTM)? 7. (calculating the YTC of a bond) Assume a callable corporate bond with a face value of $1,000, a coupon interest rate of 5.7%, a market...
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...FINC 5000 Final Exam Part B, Problems Click Link Below To Buy: http://hwcampus.com/shop/finc-5000-final-exam-part-b-problems/ Directions: You may complete the exam in Excel or in Word. • If you choose to complete the exam in Excel, open the Excel program and create a new spreadsheet named final exam (your last name). Then answer the following questions on the spreadsheet. You may put each problem on a separate tab in the spreadsheet if you like. Save the file when you are finished, then submit the exam on the course website just as you would a normal homework assignment. • If you choose to complete the exam in Word, open the Word program and create a new document named final exam (your last name). Then answer the following questions on the document. Be sure to show your calculations. Save the file when you are finished, then submit the exam on the course website just as you would a normal homework assignment. Question 1: (Cost of Capital) 8 points Pine Tree Farms Corporation (PTFC) has a target capital structure of 20% debt, 10% preferred stock, and 70% common equity. Currently PTFC has a capital structure of 70% debt, 10% preferred stock, and 80% common stock. The after tax cost of debt is 4.5%. The preferred stock has a par value of $100 per share, a $5 per share dividend, and a market price of $70 per share. The common stock of PTFC trades at $97 per share and has a projected dividend (D1) of $2.60. The stock price and dividend are...
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...Operations Research Assignment 1: Merton Truck Company Submitted to Professor Sumit Kumar By Sneh Chandel PGPX 2015-16 Roll No – 1503010 On 27/01/2015 Problem 1 1. (a) The best product mix can be found out by plotting out the corner points of graph obtained to maximize function p = 3000x + 5000y – 8600000 The above function was derived by subtracting cost price of ‘Truck model 101’ & ‘Truck Model 102’ from sales price of ‘Truck model 101’ & ‘Truck Model 102’. Sales price is quoted in text as $39,000 for ‘Model 101’ and $38,000 for ‘Model 102’ Cost Price of truck was obtained from following table: | | | Model 101 | | | Model 102 | Direct Materials | | | $24000 | | | $20000 | Direct Labor | | | | | | | | Engine assembly | 1200 | | | 2400 | | | Metal Stamping | 800 | | | 600 | | | Final Assembly | 2000 | | | 1500 | | Total Direct Labor | | | $4000 | | | $4500 | Overhead | | | | | | | | Engine Assembly | 2525 | | | 4850 | | | Metal stamping | 3480 | | | 3080 | | | Final Assembly | 6200 | | | 3500 | | | | | 12205 | | | 11430 | Total | | | 40205 | | | 35930 | & the below table to calculate the variable overhead for individual trucks: Department | Variable overhead/unit 101 | Variable overhead/unit 102 | Engine assembly | 2100 | 4000 | Metal stamping | 2400 | 2000 | Model 101 Assembly | 3500 | | Model 102 Assembly | | 2500 | Total | 8000 |...
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...| 24000 | 20000 | Direct Labour | Engine assembly | 1200 | 2400 | Metal Stamping | 800 | 600 | Final Assembly | 2000 | 1500 | Total Direct Labour | 4000 | 4500 | Overhead | Engine assembly | 2100 | 4000 | Metal Stamping | 2400 | 3000 | Final Assembly | 3500 | 2500 | Total Overhead | 8000 | 8500 | | Selling Price | 39000 | 38000 | Total Variable Cost | 36000 | 33000 | Contribution Margin per Unit | 3000 | 5000 | | | | Fixed Overhead | Engine assembly | 1700000 | Metal Stamping | 2700000 | Final Assembly | 2700000 | 1500000 | Total Fixed Overhead | 8600000 | Objective is to: To maximise operational profit by optimally producing Model 101 and Model 102 trucks Maximise Profit = 3000 Model 101 + 5000 Model 102 Maximize Profit =? Model 101* units Model 101 + ? Model 102* units Model 102 – Fixed Overheads Subject to constraints: Engine assembly 1(Model 101) + 2 (Model 102) <= 4000 Metal Stamping 2(Model 101) + 2 (Model 102) <= 6000 Model 101 assembly 2(Model 101) + 0 (Model 102) <= 5000 Model 102 assembly 0(Model 101) + 3 (Model 102) <= 4500 Nonnegative Model 101 0(Model 101) >= 0 Non Negative Model 102 0(Model 102) >= 4000 ANSWER REPORT | | | | | | | | Objective Cell (Max) | | | | | | | Cell | Name | Original Value | Final Value | | | | | $D$4 | Objectives Profit | 8000 | 11000000 | | | | | | | | | | |...
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...Doyin Ogunbajo's Ultimate Golf Journal January 2011 Trans # 53 Type Invoice Date 1/2/2011 Num 2 Adj Name Yanov, Tamara Yanov, Tamara Yanov, Tamara Yanov, Tamara State Board of Equ... Memo -MULTIPLE-MULTIPLE-MULTIPLECA Sales Tax Account 1200 · Accounts Re... 4020 · Clothing Sales 1120 · Inventory As... 5000 · Cost of Goo... 2200 · Sales Tax P... Debit Credit 600.54 559.94 80.00 80.00 40.60 680.54 54 Invoice 1/2/2011 3 Costini, Maria Costini, Maria Costini, Maria Costini, Maria Costini, Maria State Board of Equ... Golf Clubs: S... -MULTIPLE-MULTIPLE-MULTIPLECA Sales Tax 1200 · Accounts Re... 4030 · Equipment S... 1120 · Inventory As... 5000 · Cost of Goo... 4010 · Accessory S... 2200 · Sales Tax P... Golf Clubs: ... Golf Clubs: ... Golf Clubs: ... CA Sales Tax 1200 · Accounts Re... 4030 · Equipment S... 1120 · Inventory As... 5000 · Cost of Goo... 2200 · Sales Tax P... Golf Bags -MULTIPLE-MULTIPLEGolf Clubs: Ir... CA Sales Tax 10% Discoun... 1200 · Accounts Re... 4010 · Accessory S... 1120 · Inventory As... 5000 · Cost of Goo... 4030 · Equipment S... 2200 · Sales Tax P... 6130 · Sales Discou... 1,034.64 750.00 362.50 362.50 214.70 69.94 1,397.14 55 Invoice 1/2/2011 4 Hammar, Azar Hammar, Azar Hammar, Azar Hammar, Azar State Board of Equ... Invoice 1/2/2011 5 Palm Springs Scho... Palm Springs Scho... Palm Springs Scho... Palm...
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...Associate Level Material Appendix D Goal Evaluation Matrix Choose five of the scenarios in Appendix C and evaluate the goals according to the SMART criteria. Provide support for your evaluation. | |S |M |A |R |T | |Goal setter and goal |Is the goal specific? |Is the goal measurable? |Is the goal attainable? |Is the goal realistic? |Is the goal timely? | |Jie: |Yes |Yes |Yes |Yes |No | | | | | | | | |Wants to gain 5 lbs in 1 month. |She is tired of being sick and |Her milestone is to gain 1.5 lbs|If she eats more carbs and other|It is something that |It might be hard to lose even 5 | | |wants to become healthy and |a week. If she meets this |foods that will help her gain |realistically could be done if |pounds in a month if it is hard | | |increase her BMI so she is not |criteria she could...
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