Final Exam Page 1 1. (TCO A) Which of the following statements is NOT correct? (Points : 5) | The corporate valuation model can be used both for companies that pay dividends and those that do not pay dividends. The corporate valuation model discounts free cash flows by the required return on equity. The corporate valuation model can be used to find the value of a division. An important step in applying the corporate valuation model is forecasting the firm's pro forma financial statements. Free cash flows are assumed to grow at a constant rate beyond a specified date in order to find the horizon, or terminal, value. | 2. (TCO F) Which of the following statements is correct? (Points : …show more content…
$102.8 b. $108.2 c. $113.9 d. $119.9 e. $125.9 (Points : 30) Calculation done in Excel Sheet AFN= (A0*/S0 ) ΔS – (L0*/S0) ΔS –S1 × M × (1-POR) Reference (Brigham, p. 480) Also Homework Problem 13-10 For set up of problem Tool Kit Chapter 12 AFN Tab Last years Sales=S0 350 Last Years Acc. Payable $40 Sales Growth Rate=g 30% Last Years Notes Payable $50 Last Years Total Assets=A0*500 Last Years Accruals $30 Last Years Profit Margin=PM5% Target Payout Ratio 60% Part I. Inputs and Definitions S0: Last year's sales, i.e., 2010 sales: $350 g: Forecasted growth rate in sales: 30.00% S1: Coming year's sales, i.e., 2011 sales = S0 × (1 + g): 455 (350 x (1+.30)=455) gS0: Change in sales = S1 – S2 = ΔS: $105.00 (455-350=105) A0*: Assets that must increase to support the increase in sales: 500 A0* / S0: Required assets per dollar of sales: 142.86% (500/350*100=142.86) L0*: Last year's spontaneous assets, i.e., payable + accruals: $70 (40+30=70) L0* /S0: Spontaneous liabilities per dollar of sales: 20.00% (70/350=20%) Profit margin (M): 2010 profit margin = net income/sales: 5% Payout ratio (POR): Last year's dividends / net income = % of income paid out: 60% PART 2 Additional Funds Needed to Support Growth AFN = Required Increase in Assets − Spontaneous
Unit: 654 Manage disciplinary processes in health and social care or children and young people's settings.
I achieve this within my role by ensuring residents and their families are informed, kept up to date and by providing clear choices. I will act as an advocate on behalf of the young people in my care, to ensure they are represented and heard.
1.1 Explain the importance of a holistic approach to assessment and planning of care or support.
I will refer to a particular service user I support as (A). 2years ago (A) was assessed and deemed a risk to their self in the community and within the house when alone with out staff support during the hours of 8am and 9pm but at night (A) had appropriate measures in place to ensure safety at night, door
The key principle of supervision is for the worker to be able to carry out their job role as effectively as possible. Enhancing their understanding of their own practise.
In 1900, the death rate per 100,000 population for influenza and pneumonia (I & P) was 202.2; it was 22.4 in 2003. How much did the death rate due to I & P decline
Looking at the outcomes, which are the result of the support plan, these include inputs, outputs and outcomes. In simplified terms, these items look like:
1.2 Explain circumstances when it is necessary to seek specialist expertise in relation to recruitment and selection.
Understand own responsibilities, and responsibilities of others, relting to health and safety in the work setting.
In my role as senior I am responsible for ensuring that all individuals, their families, friends, carers and members of staff and those I work with (ty mawr) in partnership, are treated equally. Everyone should be treated with dignity and respect. There are many legislations, Codes of practice which ty mawr follow. The workplace policies which regulate equality diversity and inclusion with each area of responsibility. Below is a list of acts.
-3 x 1.66 pts. = minus 5 pts. = 45 pts. out of 50 pts. = 90%
A practical exercise is an option to allow those who do not perform well in traditional interviews to demonstrate that they do have the skills required to do the job role, for example if no mention is made of excellent verbal communication skills as an essential requirement of the job but accurate data entry skills are then this can be demonstrated using an exercise whilst taking account of the candidates limitations in the former aspect.
1. You recently retired from government contracting work and established a consulting company (fully consistent with government ethics laws and rules, of course) with the primary focus of advising potential government contractors and subcontractors. Mr. Johnny Jones, of The Johnny Jones Flooring and Construction Company has approached you with a question. Jones and his company are potential subcontractors (they, obviously, specialize in flooring) on a federal construction contract worth a little over two million dollars ($ 2,000,000.00) recently awarded to the Jimmy Smith Construction Company (Jimmy Smith, the prime contractor). Neither Johnny nor his company have ever been part of a government contract
3. What does the word translated “wicked” in the NASB version mean in the passage Psalm 1:1?
It is important to know the proper technique and method of valuing a company because different people may have different ways of assessing the value; it is also important in understanding the bank’s method of appraising and valuing a company or business