Author: chris

Did Jim and Laura Buy a Car? Worth 200 points

HINT: See Chapters 10-14 of the text to help understand some of the legal issues covered in this assignment.

Jim and Laura Buyer visit the local car dealership because they are interested in buying a new car. The car they currently have is aging and is starting to have mechanical problems. Jim and Laura would share the new car, and use it to go back and forth to work and school. Before going to the dealership, Jim and Laura decide that they can only afford $400.00 a month in car payments.

Once at the car dealership, Jim and Laura meet Stan Salesman. Stan shows them several vehicles and Jim and Laura test-drive several of the cars. Jim and Laura particularly like the blue 4-door sedan. Therefore, they agree to give Stan Salesman a $100.00 deposit to hold the car for a day. Stan Salesman does not give them the receipt but guarantees that the $100.00 is refundable. No documents were signed.

The next day, Stan Salesman calls Jim and Laura to ask them when they would like to take delivery of the car. Jim and Laura, on the way home from the dealership, decided that they were not going to buy the car because they did not want to spend that money each month. Therefore, Jim and Laura tell Stan salesman that they have decided not to buy the car and request their $100.00 deposit back.

Stan insists that the $100.00 was a deposit on the car and was meant to be part of the contract to buy the car. Stan is very persistent and insistent that Jim and Laura have contracted to buy the car; therefore, the $100.00 will be applied to the purchase price of the car. Jim and Laura are shocked and angry as not only do they not want to spend the money, but now feel as though they are being duped by Stan Salesman.

Jim and Laura have an appointment to see a lawyer in a few days, but know you are a student taking a business law class and come to you for advice. They are very frazzled, and understandably upset that they may have just purchased a car. Since you have been taking business law, you have read and understand the elements of a contract and the defenses to a contract. Therefore, although you are not a lawyer, you provide some basic advice from what you’ve learned in your business law class.

In three to five (3-5) pages, advise Jim and Laura based on the above facts as presented, the material provided in the text, and material covered in the lecture. In your paper, be sure to address the following:

1. Define the elements of a legal contract using examples from the scenario where applicable.

2. Decide whether or not there was a contract for the purchase of the automobile.

3. Identify the facts from the scenario which support your decision on whether or not a contract exists for the purchase of the automobile.

4. Use at least two (2) quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as quality academic resources.

5. Format your assignment according to the following formatting requirements:

o Typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.

o Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page is not included in the required page length.

o Include a reference page. Citations and references must follow APA format. The reference page is not included in the required page length.

Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric.

Reflecting on Personal Identity and Global Citizenship

Review the Global Education and Global Citizenship video and read the article “A Model of Global Citizenship: Antecedents and Outcomes” by Stephen Reysen and Iva Katzarska-Miller. Please take some time to reflect on how the concept of global citizenship has shaped your identity and respond to the following prompts:

• Based on the video, explain the importance of educating others on global citizenship.
• Address each of the following outcomes of global citizenship as they pertain to the development of your own identity: intergroup empathy, valuing diversity, social justice, environmental sustainability, intergroup helping, and the level of responsibility to act for the betterment of this world (found in the article). Explain how your environment influences these outcomes.
• Provide at least two personal examples or events in your life that illustrate the development of global citizenship based on the outcomes.
• Analyze how your general education courses influenced you to become a global citizen.
• Demonstrate critical thinking by accurately interpreting the evidence (scholarly sources) provided.

Your paper

• Must be 750 – 1,000 words in length (excluding title and reference pages) and formatted according to APA style as outlined in the Ashford Writing Center.
• Must include a separate title page with the following:
  • Title of paper
  • Student’s name
  • Course name and number
  • Instructor’s name
  • Date submitted
• Must cite at least the two sources used for this assignment.
• Must document all sources in APA style as outlined in the Ashford Writing Center.
• Must include a separate reference page that is formatted according to APA style as outlined in the Ashford Writing Center.

pic:

• Evaluate each of the following methods of increasing food production in terms of social and environmental concerns.

1.Concentrated animal feeding operations

2.Use of genetic engineering to produce transgenic crops

3.Aquaculture

4.Irrigating arid lands

5.Should we try to increase food production on existing farmland, or should we sacrifice other lands to increase farming area?

Please remember to type your name on the paper. You may use your textbook as a resource, but I expect you to use at least two additional resources as well.

Guidelines:

• 1 or more pages in length not counting the title header or literature cited
• One-inch margins
• Times New Roman10-point font
• Double-spaced lines
• Standard style formatting of your choice (MLA, APA, Chicago, etc.)
• Include all references used. (these can be your text, other books, online sources, etc.) You may use your textbook as a resource, but I expect you to use at least two additional resources as well.
• Word document format: MS Word 2003(.doc), MS Word 2007(.docx) or rich text format (.rtf)
• Each paper should be completed and submitted to the appropriate folder in the Dropbox.

Grading Criteria:

Papers will be assessed according to the basis of completeness, correct spelling, neatness and following guidelines. (Please see Rubrics area of course for further details.)

Comprehensive Analysis of a Fortune 500 Company

You will analyze publicly available information about a Fortune 500 Company and develop an assessment of the corporate strategy and its ability to increase competitive advantage.

This assignment requires you to obtain and analyze information at the company, industry and market levels using various databases and reports, such as Hoovers and Dun & Bradstreet, in addition to at least eight (8) professional or academic peer –reviewed articles.

Your analysis should include an in-depth review of the Company’s most recent SEC Form-10k Annual Report and Form DEF-14A Proxy Statement. These SEC filings can be found at the SEC Edgar Database located at the URL http://www.sec.gov/edgar/searchedgar/companysearch.html . Pay particular attention to the Management Discussion and Analysis (MD&A) sections of the SEC Form 10-K and the DEF-14A Proxy statement.  Direct competitors are identified in the “Comparator Group” section of the DEF-14A Proxy Statement. ) These SEC filings also contain information relative to external and industry analysis that will be helpful in your assessment of the Company’s strategy and competitive position.

A thorough analysis requires evaluation of various external stakeholders:

• Competitors Competitors
• Industry
• Vendors
• Customers
• Governmental entities
• Communities

Internal stakeholders that should be considered in the analysis include:

• Shareholders
• Board of Directors
• Management
• Employees

A comprehensive SWOT analysis should be performed relative to the Company’s ability to improve its competitive advantage.

The comprehensive analysis should include both qualitative and quantitative elements, leveraging information available in SEC Filings, business databases, and peer-reviewed articles.

Your work should demonstrate your ability to:

• Apply critical thinking skills to analyze business situations.
• Apply principles of quantitative and qualitative research to business cases.
• Describe the opportunities provided by technology for businesses.
• Appropriately use effective communication techniques.
• Apply the standard of APA style to all research and writing tasks.

You will prepare a report presenting the findings of your comprehensive analysis examining the Company’s corporate strategy and its ability to increase competitive advantage. The written report will have a body length of 10-12 pages excluding title, abstract, references and appendices. Quotation limits should be Not more than 10% of the body of the paper can be quotations, all of which must be properly attributed in APA format.

NOTE: Article collections Suggestions are:

• ABI Inform Global
• Academic Search Premier
• Business Source Premier

Assignment 1: Using Grounded Theory

Using your identified phenomena from Module 1, create a qualitative research design using the grounded theory approach. Identify the following:

1. Research question
2. Sample
3. Data collection method (interview, survey, observation, etc.)

Post your assignment,  by Tuesday, November 10

All written assignments and responses should follow APA rules for attributing sources.

 

Assignment 2: Observer Presence

The lecture on Observation Skills stated, “your involvement and immersion in the study has affected those being studied, your findings, and yourself.”

Analyze how the presence of an observer could impact the study being conducted. Support your findings with relevant research and post your assignment,  by Thursday, November 12

 

Assignment 3: Discussion Questions

By Monday, November 16 go to the Discussion Area and discuss each of the following as they pertain to qualitative research in general, and then discuss each of the following as they pertain or can be applied to your project:

1. Integrity
2. Triangulation
3. Transferability
4. Trustworthiness

Assignment 4: Field Experience

This will involve a non-participant naturalistic observation of a public place. The purpose of this exercise is to provide the student with some firsthand experience with a qualitative data-gathering technique. The exercise focuses on how to make detailed field observations, as well as learning to distinguish between your observations and your inferences and interpretations. (Inferences and interpretations will occur in the Final Project). Naturalist observation is a primary method of data collection in qualitative research, especially ethnography. In some qualitative studies, this important source of data is the basis upon which analyses are possible.

Make notes regarding the atmosphere, the scents, smells, noises, spatial arrangements, activities, movements, interactions, etc. The first phase of taking field notes is to keenly observe and jot down your observations with as little interpretation as possible. Record what you see, hear, touch, and smell.

Usually field notes are initially handwritten. Since your original field notes will not be submitted, and only read by yourself, it is preferable that they are handwritten. Later, they will be written up, typed, and the typed field notes will be submitted. You will likely spend much more time writing up your field notes as you did observing. A great deal of detail can be recorded during the two hours of observation. Write up longer descriptions immediately after leaving the observation site. You should begin writing up your field notes as soon as possible so that detail is not lost or forgotten. Describe as much as you can about the setting. Your field notes should now describe the setting, individuals, interactions, events, and activities in a highly detailed and descriptive manner. Strive for “thick” and rich description. The level of detail should be such that someone who was not there with you would be able to clearly “see” the setting based on reading your description. Also, be reflective and reflexive. That is, include in your field notes your own experiences, thoughts, and feelings.

When writing up your field notes after leaving the setting, create a wide margin on the right side of the page. For now, leave this area blank. Later in the course, for your Final Project, this margin area will be used for notes, comments, coding, themes, interpretations, etc. On the left side of the page will be the write up of your field notes, and the larger-than-normal margin on the right side will allow room for you to later introduce your comments and interpretation of the observed events.

Your typed summary (not to exceed two pages) should include the following identifying information:

• Your name.
• Type of setting.
• Date and time of your observations.
• Why you chose the setting.
• Description of the setting.
• Your observations of the interactions that took place.

Submit your 2-page response as a Microsoft Word document by Tuesday November 17

 

All written assignments and responses should follow APA rules for attributing sources.

Week 2  Research Proposal
Write a proposal of 500-600 words, outlining the research approach you will use for yourStrategic Plan, due in Week 6. Include the following: (NOTE: the organization was assigned in Week 1)
How you intend to ensure the organization’s vision, mission, and people strategies and values statements are aligned with the proposed strategic plan.
Sources you expect to use to perform an external environmental analysis
Sources you expect to use to perform an internal environmental analysis
APA format is required and 5 peer review reference

Week 3  External and Internal Environmental Analysis
Complete the external environmental scan for your organization Perform an internal competitive environmental scan for your selected organization.

Write a summary of 1,300,1,400 words that does the following:
Identifies and analyzes the most important external environmental factor in the remote, industry, and external operating environments
Identifies and analyzes the most important internal strengths and weaknesses of your organization: include an assessment of the organization’s resources
Assesses the organization’s competitive position and possibilities
Analyzes the structure of the organization and how this affects organizational performance
Format your paper consistent with APA guidelines.

Week 4 Strategic Choice and Evaluation
Write a paper of 1,300-1,400 words that evaluates alternatives yor selected organization… must consider to realize growth.

Identify the best value discipline, generic strategy, and grand strategy for your organization.

Recommend a strategy or combination of strategies the organization should implement.

Format your paper consistent with APA guidelines,

Week 5 Implementation, Strategic Controls, and Contingency Plans
Write a DRAFT of 1,600-1,800 words of the Strategic Plan for your organization, including the following:
Implementation plan
Objectives
Functional tactics
Action items
Milestones and a deadline
Tasks and task ownership
Resource allocation
Any required organizational  structure change; management strategies that would enhance successful implementation
Key success factors, budget, and forecasted financials, including a break-even chart
Risk management plan, including contingency plans for identified risks
Format your plan consistent with APA guidelines.

Week 6  Strategic Plan and Presentation

Resource: Implementation, Strategic Controls, and Contingency Plans
Complete a strategic plan for your organization of no more than 3,500 words.

Update your plan to incorporate facilitator feedback from the drafts you submitted in previous weeks. Include the following:
Table of contents
Executive summary, with a 2-page maximum
Company background, organizational mission, vision, and value statements
Note. For a start-up, you should focus on the backgrounds and accomplishments of key anticipated management personnel. The goal is to convince the investor that these individuals are trustworthy and successful.
Environmental scan
Review of Week 4 strategies and a recommendation for the best strategy for your organization
Implementation plan including contingency plans for identified risks
Prepare a Microsoft® PowerPoint® presentation of no more than 15 slides with speaker notes. Your audience will play the board of directors or a venture capital firm. The focus is to sell your recommendations to the board or venture capital firm and obtain approval for funding your plan.

Format your plan and presentation consistent with APA guidelines.

1-MULTIPLE CHOICE (part a)- Answer any 25 of the following (25 points -1 point each)
1-Risk is
A: Variability in expected return
B: The potential for loss
C: The possibility returns may be positive, zero, or negative
D: Uncertainty of a future outcome
E: All of the above are acceptable definitions

Strategies to help manage investment risk include:
A: Asset allocation
B: Professional management
C: Diversification
D: All of the above are potential strategies to reduce investment risk
E: None of the above will have any impact on investment risk

Changes in financial risk affects a company’s
A: Stock price
B: Availability of credit lines
C: Cost to borrow
D: All of the above are affect by changes in financial risk
E: B and C are affected, but A is not

If interest rates increase, prices of previously issued bonds will
A: Decrease
B: Increase
C: Bond prices are not affected by changes in interest rates

The standard deviation:
A: Is always positive or zero
B: Is the square-root of the covariance
C: Is a measure of the total risk of the asset
D: All of the above are true
E: A and C are true, but B is false

The degree to which two variables move in a systematic or predictable way is the
A: Beta
B: Covariance
C: Variance
D: Skewness
E: R-Square

Two securities that are perfectly positively correlated
A: Are considered to be independent securities
B: Have a correlation of 0
C: Provide no diversification benefits
D: Have a negative covariance
E: Are a benefit to the portfolio

Investing overseas induces all of the following potential risks EXCEPT:
A: Political risk
B: Currency risk
C: Agency risk
D: Foreign taxation risk
E: Liquidity risk

U.S. investors in U.S. Treasury securities need to be most concerned about which of the following risk factors:
A: Liquidity risk
B: Event risk
C: Currency risk
D: Inflation risk
E: Default risk

The best guess of the anticipated return for some future period is the
A: Actual return
B: Expected return
C: Realized return
D: Unexpected return
E: None of the above

A probability distribution
A: Consists of all possible outcomes and the probability of each outcome occurring
B: May have an infinite number of possible outcomes
C: Must have probabilities that sum to 1.0
D: All of the above are true
E: A and C are true, but B is false

Standard deviation
A: Measures return
B: Is the same as skewness
C: Measures the average amount values differ from the mean
D: Measures the relationship between observations
E: All of the above are true

Betty has saved $60,000 for a down payment on a home. She is now actively looking for her dream house and anticipates making an offer on a home within the next two months. If the offer is accepted, it will take up to three additional months to close on the house. Betty will need to deposit about $1,000 in an escrow account as “good faith” money when she makes the offer. The rest of the down payment is made at closing. The best place for Betty to deposit her funds now is
A: the stock market.
B: a municipal bond.
C: a six-month certificate of deposit (CD).
D: $1,000 in a two month certificate of deposit (CD) and the remainder
in a six-month CD.
E: a money market mutual fund.
Bonds A, B and C are all zero-coupon bonds. Bond A matures in 3 years; Bond B matures in 7 years, and Bond C matures in 10 years. Paul is uncertain as to the direction of interest rates over the next several years, so he wants to lock-in his return over his 7 year time horizon. Which bond is best for Paul?
A: Bond A because it matures in 3 years, and Paul can then roll-over the funds to a 4 year bond.
B: Bond B because it matches Paul’s time horizon.
C: Bond C because it has a longer maturity, it will probably have a higher yield.
D: Since these are zero-coupon bonds, it does not matter which bond Paul
chooses.
E: Bonds are too risky for Paul to be investing.
A firm has $10 million to invest in safe securities. The time horizon is five years, and interest rates are anticipated to decrease over this period. The best investment for this firm is
A: Six-month CDs
B: Nonparticipating GICs
C: Treasury bills
D: Participating GICs
E: Two-year corporate bonds

Luke is 35 years old, has a good job, a wife and two small children, and is financially conservative. He has heard about the large returns that may be achieved by investing in the oil and gas field. Luke is interested, but he has no expertise to provide day-to-day management. Which of the following investments would be best for Luke?
A: direct investment through a working interest
B: general partner
C: limited partner
D: all of these options would be a reasonable investment for Frank
E: either B or C (partnership) would be a reasonable investment for Frank, but a direct investment (A) is not reasonable

Round lots are
A: 10 shares
B: 100 shares
C: 1,000 shares
D: 10,000 shares
E: 100,000 shares
Factors that should be considered in taking a stock option position include:
A: The dividend paid on the underlying stock
B: The volatility of the underlying stock
C: The time to expiration
D: The anticipated direction of market movement
E: All of the above are relevant factors in the option decision

Advantages of investing in tax-exempt bond funds include all of the following EXCEPT:
A: Diversification
B: Provides additional benefits to tax-deferred retirement plans
C: Automatic reinvesting
D: Fund maintains individual investor’s tax reports and records
E: Low initial deposit

Zack needs a $100,000 loan to start his new business. Due to his age and inexperience, he is unable to obtain a bank loan. Possible alternatives to raise the funds include all of the following EXCEPT
A: promissory note from his mother.
B: having his mother co-sign a bank loan.
C: selling personal assets.
D: issuing debt in the market.
E: all of the above are possible sources of funds for Zack.

A portfolio of Treasury bonds with coupon payment dates of February 15 and August 15 that matures in 10 years may be stripped into how many zero-coupon bonds?
A: 0 since Treasury securities and not eligible for stripping
B: 1
C: 10
D: 11
E: 21

XYZ Corporation has a cumulative preferred stock that pays $1 per share per quarter. The firm did not declare a dividend the last two quarters. To be able to pay dividends to common shareholders, the preferred stock dividend this coming quarter must be
A: XYZ does not need to pay preferred stock dividends to be able to pay common stock dividends
B: $1
C: $2
D: $3
E: $4

Preferred stock with cumulative fixed dividends
A: Are required to pay dividends each quarter
B: Must pay the missed dividend before common shareholders can receive dividends
C: Are taxed on the accumulated dividends
D: Are considered to be bankrupted if one year of dividends is missed
E: All of the above are true

Diane has $85,000 to invest. She wants to invest in relatively safe securities. Diane believes interest rates will decrease and stabilize at a lower level over the next 5-10 years. She should invest in
A: Treasury bills
B: Long-term Treasury notes or bonds
C: Equity
D: B-rated corporate bonds
E: Commercial paper

25- An exchange traded fund that invests in the stocks of large corporations is an example of
A) direct investment.
B) indirect investment.
C) derivative investment.
D) tangible investment.

26- On a net basis, funds in the financial markets are generally supplied by
A) individuals.
B) both individuals and business firms.
C) business firms.
D) the government.

27- Which of the following is an example of a tangible asset.
A) Bonds
B) mutual funds
C) real estate
D) stocks

28- Investment bankers who join together to share the financial risk associated with buying an entire issue of new securities and reselling them to the public is called a(n)
A) selling group.
B) tombstone group.
C) underwriting syndicate.
D) primary market group.

29- Which one of the following statements about the NYSE is correct?
A) Each member of the exchange owns a trading post.
B) Any listed stock may be traded at any of 20 trading posts.
C) Brokerage firms are only permitted to have one individual trading on the floor of the exchange.
D) Buy orders are filled at the lowest price and sell orders are filled at the highest price.

30- The price an individual investor will pay to purchase a stock in the OTC market is the
A) spread.
B) ask price.
C) bid price.
D) broker price.
MULTIPLE CHOICE (part b-problem solution)- Answer any 12 of the following- 36 points (3 points each)
You must show the steps/explanation to arrive at the correct answer- If you ONLY circle the correct answer, you will get 1 point instead of 3points

Jason is in the 28% Federal income tax bracket and 7% New York state income tax. He has invested in New York State bonds that yields a 6% return. The taxable equivalent yield on this bond is
A: 6.45%
B: 7.32%
C: 8.54%
D: 9.23%
E: 10.61%

Angie deposits $250 in an account that earns 12% per year. If no other deposits or withdrawals are made, how much will Angie have in her account at the end of 15 years?
A: $ 280
B: $ 700
C: $1,368
D: $3,450
E: $4,200

XYZ Corporation has a cumulative preferred stock that pays $1 per share per quarter. The firm did not declare a dividend the last two quarters. To be able to pay dividends to common shareholders, the preferred stock dividend this coming quarter must be
A: XYZ does not need to pay preferred stock dividends to be able to pay common stock dividends
B: $1
C: $2
D: $3
E: $4

A 6.4% preferred stock has a par value of $30 and is currently selling in the market at $40. The quarterly dividend for this stock is
A: $0.16.
B: $0.48.
C: $0.64.
D: $1.92.
E: $2.56.

One of the most successful collection programs is the 50 State Quarters program developed by the U.S. Mint. This program began in 1999 and permitted each state to put a design on the back of the U.S. quarter. There are 5 state quarters issued each year over the 10-year program. According to CoinWorld.com, in 1999 4.43 billion quarters were minted across the first five states issued. In 2000, the U.S. Mint increased the mintage by 46%. What was the number of state quarters minted in 2000?
A: 2.04 billion
B: 4.43 billion
C: 4.63 billion
D: 6.47 billion
E: 6.65 billion

Wendy’s broker has recommended she purchase 500 shares of a mutual fund that is currently priced at $25 a share. The commission on the purchase price is 3%, and the fund charges a 1% annual management fee and a $10 annual administrative charge. What is the total cost over the first year to invest in this fund?
A: $12,500
B: $12,875
C: $13,000
D: $13,010
E: $13,014

Last month when IBM was selling for $86, Dan purchased a call option on IBM with an exercise price of $90 for $2 per option or $200 total. Yesterday IBM closed at $95. Based on the minimum value of the contract, if Dan sells his call at yesterday’s close, what would his return be?
A: 4%
B: 6%
C: 50%
D: 150%
E: 250%

Stella pays 15% in dividend and capital gains taxes and 35% in ordinary income taxes. In 1990, she paid $1,000 for three American Eagle $50 gold coins (1 oz gold) and $340 for one coin in December 2003. In July 2004, she sold all four coins to net $460 each. What is the after-tax cash flow from this investment?
A: $150
B: $247
C: $401
D: $425
E: $500
A 6.4% preferred stock has a par value of $30 and is currently selling in the market at $40. The quarterly dividend for this stock is
A: $0.16.
B: $0.48.
C: $0.64.
D: $1.92.
E: $2.56.

A $1,000 par 1.4% coupon convertible bond with a stock purchase warrant for 1 share of stock at $35 per share is purchased for $900. The common stock has a current market price of $38 per share and the warrant’s market price is $4. If the market price of the stock increases to $41.80, the minimum percentage increase in the value of the warrant is
A: 10.0%
B: 17.8%
C: 19.4%
D: 70.0%
E: 119.4%

What is the standard deviation of returns given returns of 10%, -5%, 8%, 3%?
A: 3.7%
B: 4.0%
C: 5.8%
D: 6.7%
E: 7.1%

Claire has 200 shares of stock in a firm that just issued 1 right per share. The right gives the holder the opportunity to purchase 0.125 shares of stock. If Claire exercises all her rights, how many addition shares of stock will she be able to obtain?
A: 8
B: 25
C: 125
D: 200
E: 1,600

Before the new tax law enacted in 2003, dividends were taxed as ordinary income. Now the maximum tax rate on dividends paid to individuals is 15%. As a result of the law, an investor in the 25% tax bracket who received $70,000 in qualifying dividends had a tax savings of
A: $ 0.
B: $ 7,000.
C: $ 9,000.
D: $10,500.
E: $17,500.

Abby buys a position in a closed-end mutual fund that is selling at an 8% discount. The fund earns 12%, but the discount decreases to 5%. What is Abby’s return on this investment?
A: 8.5%
B: 12.0%
C: 12.4%
D: 14.2%
E: 15.7%

Corey pays 15% in dividend and capital gains taxes and 35% in ordinary income taxes. Four years ago, she invested $500,000 in a private placement offering with some friends. The initial price was $50 a share. The investment group is now discussing the possibility of publicly selling their shares. One of the members of the group believes they could get at least $75 a share. If this is correct, what are Corey’s taxes when she sells her shares (ignoring commissions and fees)?
A: $0 because the group is not allowed to sell their private placement shares to the public
B: $37,500
C: $54,000
D: $70,000
E: $87,500

Assume that the futures price of gold is $390 a troy ounce, and the contract is for 100 troy ounces. The initial margin is $2,000. If the future price increases by 5.0%, what is the return to the investor?
A: 1.0%
B: 2.5%
C: 5.0%
D: 19.5%
E: 97.5%

Iris pays 15% in dividends and capital gains taxes and 35% in ordinary income taxes. Several years ago, she purchased a Mortgage-Backed Security (MBS) for $20,000 which was the par value of the underlying assets. At the end of this year, she received a statement stating she had received $700 in scheduled amortization of principal, $1,200 in interest, and $500 in unscheduled collection of principal. What is Iris’s after-tax cash flow this year from this investment?
A: $1,560
B: $1,695
C: $1,980
D: $2,040
E: $2,400

Three years ago, Charles purchased a $1,000 face value 10-year Treasury note for par. The market value of this bond is now $950. If Charles sells the bond today, the tax implications of sale are
A: $50 loss against ordinary income
B: $50 capital gain
C: $50 capital loss
D: $50 gain against ordinary income
E: No tax effects since Treasury securities are exempt from taxes

Two years ago, an investor purchased a $1,000 par 6% coupon bond that pays interest semiannually. Inflation over the last two years has been 2% per year. The inflation-adjusted value of the next interest payment is
A: $28.84
B: $30.00
C: $31.21
D: $57.67
E: $60.00

Cameron pays 15% in dividend and capital gains taxes and 35% in ordinary income taxes. Ten years ago, Cameron purchased a position in a limited partnership for $10,000. Three years later, she was required to contribute $2,000 more to the partnership. Two years ago, she was required to contribute an additional $2,000. If Cameron sells her limited partnership investment today for $20,000, what are the taxes?
A: $ 900
B: $1,500
C: $2,100
D: $2,700
E: $3,500
B- TRUE/FALSE- Answer any 11 out of the following (11 points-1 point each)
1-In the financial markets, individuals are net demanders of funds.

2-Under current tax laws, most taxpayers will pay a lower tax rate on capital gains than on income from wages.

3-Capital markets deal exclusively in stock. Money markets deal exclusively in debt instruments.

4-Securities that trade in the over-the-counter market are called unlisted securities.

5- Diversification is the inclusion of a number of different investments in a portfolio with the goal of increasing returns or reducing risk.

6-On-line trading has greatly lowered greatly lowered the cost of buying and selling stock as well as greatly increasing the speed of transactions.

7- Descriptive information might include the company’s lines of business, a list of major competitors, and recent changes in management.

8- An investor who requires a 7% rate of return should be willing to pay $934.58 now to receive $1,000 at the end of one year.

9- Sydney invested $10,000 for an indefinite period at 5% per year. At the end of each year, she receives a a $500 check for interest earned. This type of account pays simple interest.

10-$10,000 invested in the NASDAQ Composite at the beginning of 1995 would have increased in value to over $50,000 by the end of 1999.

11- High dividend payout ratios are more of a concern to analysts than low payout ratios.

12-The dividend valuation model (DVM) is very sensitive to the growth rate (g) being used, because it affects both the model’s numerator and its denominator.

13- Advocates of the weak-form efficient market hypothesis claim that past price movements are the best predictors of future price movements.

14- For technical analysts, the forces of supply and demand have an important effect on the prices of securities.

15- Bonds are typically a good investment choice for an individual who is seeking long-term preservation of capital.

16-The risk premium component of a bond’s market interest rate is related to the characteristics of the particular bond and its issuer.

17- According to the expectations hypothesis, if investors anticipate higher rates of inflation in the future, the yield curve will be down sloping.

18- If a bond’s yield to maturity is lower than its coupon rate, the bond will sell at a discount.

19- When developing an asset allocation scheme, it is best to weight each type of asset equally.

20- Investors need to monitor economic and market activity to assess the potential impact these factors can have on their investment portfolios.

C- QUESTIONS/ANSWERS- Answer any 4 of the following ( 28 points- 7 points each)
Discuss the relationship between stock prices and investors’ beliefs about the business cycle.

2) What is the advantage of charting the price of a security over a period of time?

3) Zachary has purchased an investment that he expects to produce income of $3,000 at the end of the first year and $4,000 at the end of the second year. If he requires an 8% rate of return compounded annually, what is the maximum amount that he can pay and still earn the required rate of return?

4) Over the past 4 years, the annual rates of return on stock of Brown & Warren Inc. have been -2%, 4%, 14% and 6%, respectively, over the past four years. Compute the standard deviation of these returns.

5) Dr. Zweibel’s portfolio consists of four stocks: AZMN, 35%, beta 2.4; MKR, 20%, beta 1.6; ABDE, 25%, beta 1.8; and SBUK, 20%, beta 2.1. Compute Dr. Z’s portfolio beta. Does he seem to be a conservative or aggressive investor?

6) Why do some companies split their stock?

7) ROE = (net profit margin)(total asset turnover)(equity multiplier). What is the advantage of using this expanded version of the ROE formula versus using the simplified version which is net income divided by total equity?

8) Explain the concept of bond immunization and the benefits derived from using this technique.

8 PAGES
APA
SOURCES:10
Topic: warden’s management styles and tools that can be used in today’s correctional environment and climate.
Overview
The final project for this course is the creation of a research paper and matrix focusing on management styles and tools that can be used in today’s correctional environment and climate.

As you look to apply concepts from this course to your role as a corrections manager, you will find it is sometimes challenging to translate theory and research into practice. The research paper and matrix provides you with an opportunity to synthesize course concepts as they relate to your career in corrections management. You will assume your choice of role as a corrections supervisor, describe a problem currently facing your workplace, and apply what you have learned about leadership and communication, ethics, and law and legislation to develop an effective managerial philosophy to implement into your practice.

This project is divided into four milestones, which will be submitted at various points throughout the course to scaffold learning and ensure quality final submissions. These milestones will be submitted in Modules Four, Five, Seven, and Ten.

Specifically, the following critical elements must be addressed:

I. Describe a problem of practice affecting the current field of corrections management.
a. State your chosen corrections management role.
b. Identify a problem of practice affecting the current field of corrections management.
c. Create a thesis statement that explains how implementing a managerial philosophy as a corrections supervisor will improve this problem of practice.

II. Develop an effective managerial philosophy for working in the correctional setting. An effective managerial philosophy should include considerations of best practices in leadership and communication techniques, ethical practice, and pertinent law and legislation dealing with supervisory practice in the correctional facility as well as your own personal supervisory style.
a. Describe various styles of leadership and communication techniques used in the correctional setting.
b. Assess which styles of leadership and communication techniques succeed in the correctional setting.
c. Evaluate how personal dispositions can shape supervisory style.
d. Describe your personal supervisory style and personal disposition.
e. Explain how your personal disposition has shaped your supervisory style.
f. Evaluate the strengths and weaknesses of your personal supervisory style.
g. Synthesize effective leadership styles, communication techniques, and your own personal supervisory style to develop an effective managerial philosophy for working in the correctional setting.

III. Describe the applications of your managerial philosophy to your work as a corrections manager.
a. Identify an ethical dilemma common in the correctional facility related to your problem of practice.
b. Conduct an analysis of an ethical dilemma common in the correctional facility related to your problem of practice.
c. Explain how your managerial philosophy will prepare you to navigate an ethical dilemma common in the correctional facility related to your problem of practice.
d. Identify pertinent laws and legislation related to your problem of practice affecting the field of corrections management.
e. Explain how your managerial philosophy will prepare you to navigate pertinent laws and legislation related to your problem of practice affecting the field of corrections management.

IV. Create a functional organizational matrix chart that manifests your managerial philosophy.
a. Identify your chosen corrections management role.
b. Use the left side of the matrix to break down the duties of your supervisory role (planning, organizing, etc.).
c. Use the right side of the matrix to break down the domains of your supervisory role (policies, operations, etc.).
d. Fill in each location in the grid of your matrix to explain how you will implement your managerial philosophy to fulfill each duty as it relates to a corresponding domain.

Main Elements
The research paper must include the following sections:

? Thesis Statement
• Construct a thesis statement for your research paper

? Matrix:
• Titles and labels that accurately describe the elements and are visually appealing
• Accurate content
• Steps presented sequentially
• Application of theory and scholarly sources

? Research Paper: A completed research paper including page numbers and the following:
• Cover page
• Abstract
• Title page
• Thesis statement
• Body of paper (8–10 pages in length)
• Functions management matrix
• Citation/reference page (5–10 references)

Exhibit 19-3 Example of a Findings Page in Central City Bank Market Study
Findings:
⦁ In this city, commercial banks are not the preferred savings medium. Banks are in a weak third place behind money market accounts.

2. Customers of the Central City Bank have a somewhat more favorable attitude toward bank savings and less of a preference for government bonds.

Question: Suppose that you have just received an extra $1,000 and have decided to save it. Which of the savings methods listed would be your preferred way to save it?
Government bonds
Savings and loan
Bank savings
Credit union
Stock
Other