FIRST SET OF PROBLEMS: PROBLEM 1 Assume Venture Healthcare sold bonds that have a 10 year maturity, a 12 percent coupon rate with annual payments, and a $1,000 par value. Suppose that two years after the bonds were issued the required interest rate fell to 7%. a. What would be the bond’s value? b. Suppose that two years after the bonds were issued, the required interest rate rose to 13%. What would be the bonds value? c. What would be the value of the bonds three years after issue if the bond rate is 7% assuming that interest rates stayed steady at either 7% or 13%? PROBLEM 2 Twin Oaks Health Center has a bond issue outstanding with a coupon rate of 7% and four years remaining until maturity. The par value of the bond is $1,000, and the bond pays interest annually. a. Determine the current value of the bond if present market conditions justify a 14% required rate of return? b. Now suppose Twin Oaks four year bond had semiannual coupon payments. What would be its current value? (Assume a 7% semiannual required rate of return. The actual rate would be slightly less than 7% because a semiannual coupon bond is slightly less risky than an annual coupon bond.) c. Assume that Twin Oaks bond had a semiannual coupon but 20 years remaining to maturity. What is the current value under these conditions? (Assume a 7% semiannual required rate of return although the actual rate would probably be greater than 7% because of increased risk.) PROBLEM 3 Minneapolis Health System has bonds outstanding that have four years remaining to maturity, a coupon interest rate of 9% paid annually and a $1,000 par value. a. What is the yield to maturity on the issue if the current market price is $829? b. If the current market price is $1,104 c. Would you be willing to buy one of these bonds for $829 if you required a 12% rate of return on the issue? d. Explain your answer. PROBLEM 4 Six years ago Bradford Community Hospital issued 20 year municipal bonds with a 7% annual coupon rate. The bonds were called today for a $70 call premium – that is, bondholders received $1,070 for each bond. a. What is the realized rate of return for those investors who bought the bonds for $1,000 when they were issued? PROBLEM 5 A person is considering buying the stock of two home health companies that are similar in all respects except the proportion of earnings paid out as dividends. Both companies are expected to earn $6 per share in the coming year, but Company D (for dividends) is expected to pay out the entire amount as dividends, while Company G (for growth) is expected to pay out only one third of its earnings or $2 per share. The companies are equally risky and their required rate of return is 15%. D’s constant growth rate is zero and G’s is 8.33. a. What are the intrinsic values of stocks D and G? PROBLEM 6 Medical Corporation of America (MCA) has a current stock price of $36 and its last dividend was (D0)$2.40. In view of MCA’s strong financial position, its required rate of return is 12%. a. If MCA’s dividends are expected to grow at a constant rate in the future, what is the firm’s expected stock price in five years? PROBLEM 7 A broker offers to sell your shares of Bay Area Healthcare which just paid a dividend of $2 per share. The dividend is expected to grow at a constant rate of 5% per year. The stock’s required rate of return is 12%. a. What is the expected dollar dividend over the next three years? b. What is the current value of the stock and the expected stock price at the end of each of the next three years? c. What is the expected dividend yield and capital gains yield for each of the next three years? d. What is the expected total return for each of the next three years? e. How does the expected total return compare with the required rate of return on the stock? f. Does this make sense? g. Explain your answer. PROBLEM 8 Lucas Clinic’s last dividend (D0 ) was $1.50. Its current equilibrium stock price is $15.75, and its expected growth rate is a constant 5%. a. If the stockholders’ required rate of return is 15% what is the expected dividend yield and expected capital gains yield for the coming year? SECOND SET OF PROBLEMS: Here are the budgets of Brandon Surgery Center for the most recent historical quarter (in thousands of dollars): Static Flexible Actual Number of surgeries 1,200 1,300 1,300 Patient revenue $2,400 $2,600 $2,535 Salary expense $1,200 $1,000 $1,365 Non salary expense $ 600 $ 650 $ 585 Profit $ 600 $ 650 $ 585 The center assumes that all revenues and costs are variable and hence tied directly to patient volume. a. Explain how each amount in the flexible budget was calculated. b. Determine the variance for each line of the profit and loss statement in both dollar terms and percentage terms (Each line has a total variance, a volume variance, and a price variance [for revenues] and management variances [for expenses]. c. What do the part b results tell Brandon’s managers about the surgery centers operations for the quarter? QUESTION 2 CAROLL CLINIC: NEW 2011 RESULTS 1. Volume A. FSS 34,000 visits B. Capitated lives 30,000 members Number of member months 360,000 Actual utilization per Member per month Member per month 0.12 Number of visits 43,200 visits C. Total actual visits 77,200 visits 2. Revenues A. FFS $28 visit X 24,000 actual visits $952,000 B. Capitated lives $ 2.75 PMPM X 360,000 actual member visits $990,000 C. Total actual revenues $1,942,000 Costs A. Variable costs: Labor $1,242,000 (46,000 hours at $27/visit) Supplies $ 126,000 (90,000 units at $1.40/unit) Total variable costs: $ 17.72 ($1,368,000 x 77,200) B. Fixed costs: Overhead, plant And equipment $525,000 C. Total actual costs: $1,893,000 Profit and Loss Statement: Revenues FFS $952,000 Capitated $990,000 Total $1,942,000 Costs Variable: FFS $602,487 Capitated $765,513 Total $1,368,000 Contribution margin $574,000 Fixed Costs $525,000 Actual profits $49,000 a. Construct the flexible budget for 2011. b. What are profit variance? Revenue variance? What is the cost variance? Consider the revenue variance. What is the component volume variance? What is the price variance? Break down the management variance into labor, supplies, and fixed costs variances. PAPER REQUIREMENTS: Provide the following information regarding a dental practice: Write a 10 12 page paper in which you: 1. Determine what your selected organization would need to take into account when making pricing and service decisions. 2. Describe the overall planning process and the likely components of the selected organization’s financial plan. Be sure to include a discussion as to how you arrived at the answers and use specific examples to illustrate your response. 3. Discuss how time value analysis would help your organization make sound management decisions, use specific examples to illustrate your response. 4. Recommend a major investment for the organization you selected using net present value, pertinent financial ratios, and break even analysis. 5. Determine the most likely way your selected organization should address financial risk and required returns. 6. Provide at least four (4) qualified resources e.g. peer reviewed journals, professional organization websites, or health care provider websites. The cover page and reference page are not included in the required length of the paper. Your assignment must be typed, double spaced using Times New Roman font size 12 with one inch margins on all sides; paper must follow APA formatting Paper must include a traditional header with running header on title page, and page numbers. Include a cover page that includes: a. Title of paper: Planning and Budgeting b. Name of student: Kimberly A. Fahringer c. Course title: HAS 525 Health Care Finance d. Professor’s name: Dr. James Coon e. Date (due May 11, 2012) The goals of this assignment are: Describe the overall planning process and the key components of the financial plan Develop a competence in making financial decisions using net value, pertinent financial ratios, and break even analysis Explain why time value analysis is so important to health care financial management Use technology and information resources to research issues in health financial management Write clearly and concisely about health financial management using proper writing techniques.

 

interview someone in Advertising design

 

 

INFORMATIONAL INTERVIEW

The purpose of an informational interview is to learn more about the industry or the role you are seeking.  The goal is NOT to ask for a job, but to gather information and network. 

Specifics:

·      Presentation due by due date.

·      The Interviewee should have a min of 5 years industry experience

·      Presentation must be done in PowerPoint

·      Presentation must be between 8 10 mins

·      Concluding slide must answer the question:  What was your biggest take away or lesson learned from this experience and why

1) Stereotyping is an oversimplified or exaggerated generalization about a category of people. What are common stereotypes and how can they be reversed?

 

2) In your opinion, is it the responsibility of the United States to help other countries in need? Explain your answer considering the following questions: Who defines “help”? What if another country doesn’t want U.S. “assistance”? What if help from the U.S. causes more harm than good? Is the U.S. responsible for repairing the “collateral damage”?

 

I need this two question to be Answered in details. At list 300 words each Question.

Do not compare, each question should be answered indivisualy.

 

I need Resources in APA formart. No weekpedia please

 

Thanks.

Assignment 2: Litigation, Censures, and Fines

Due Week 7 and worth 280 points

 

Research the Internet for recent litigation, censures, and fines involving national public accounting firms.  Examples of litigation cases against national public accounting firms include fines by regulatory authorities and censures by professional societies.

 

Write a three to four (3 4) page paper in which you:

1. Analyze the primary accounting issues which form the crux of the litigation or fine for the firm, and indicate the impact to the firm as a result of litigation or fine. Provide support for your rationale.
2. Examine the key inferences of corporate ethics related to internal controls and accounting principles which lead to the litigation or fine for the accounting firm.
3. Evaluate the primary ethical standards of the accounting organization’s leadership and values which contributed to approval of the accounting issues and thus created the litigation or fines in question.
4. Identify specific conduct violations committed by the organization and accounting firm in question. Next, create an argument supporting the actions against the organization and accounting firm, based on the current professional code of conduct for independent auditors and management accountants.
5. Make a recommendation as to how regulators and professional societies may prevent this type of behavior in question for the future. Provide support for your rationale.
6. Use two (2) quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as academic resources.

 

Your assignment must follow these formatting requirements:

• Be typed, double spaced, using Times New Roman font (size 12), with one inch margins on all sides; citations and references must follow APA or school specific format. Check with your professor for any additional instructions.
• 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 and the reference page are not included in the required assignment page length.

 

The specific course learning outcomes associated with this assignment are:

• Analyze business situations to determine the appropriateness of decision making in terms of professional standards and ethics.

• Use technology and information resources to research issues in accounting.

• Write clearly and concisely about accounting using proper writing mechanics.

Assignment 1: Discussion—Supply Chain

Understanding supply chain and how the consumer can play a critical role in the supply chain is an important part of developing and implementing a strategy. In this assignment you will explore the concept of the supply chain in business and the role of the customer in the supply chain.
There are many products and services today where the target customer is part of the supply chain. Wikipedia, Mary Kay Cosmetics, and Craig’s List are just a few examples.

Using the module readings, Argosy University online library resources, and the Internet, respond to the following:

• Give an example of a product or service where the target customer is part of the supply chain.
• Describe the types of innovations or improvements that have come from involving the target customer in the supply chain.
• Describe the types of information technology mechanisms that have been used to involve the customer in the supply chain.

Write your initial response in approximately 300 words. Apply APA standards to citation of sources.

By Thursday January 31, 2013, post your response to the appropriate Discussion Area. Through , review and comment on at least two peers’ responses.

Assignment 1 Grading Criteria	Maximum Points
Identified with an example how the target customer is a part of a company’s supply chain including the resulting innovations and improvements and the information technology mechanisms involved.	4
Actively contributed to the discussion by providing points of view with rationale, challenging points of the discussion, or drawing relationships between points of the discussion.	12
Wrote in a clear, concise, and organized manner; demonstrated ethical scholarship in accurate representation and attribution of sources; displayed accurate spelling, grammar, and punctuation.	4
Total:	20