Finance final study guide Essay - 2210 Words

-Martin Industries just paid an annual dividend of $1.30 a share. The market price of the stock is $36.80 and the growth rate is 6.0 percent. What is the firms cost of equity? RE = [$1.30 Ãâ€" (1 + 0.060)] / $36.80 + 0.060 = 0.097446 = 9.74 percent (3) - The Bet-r-Bilt Company has a 5-year bond outstanding with a 4.30 percent coupon. Interest payments are paid semi-annually. The face amount of the bond is $1,000. This bond is currently selling for 93 percent of its face value. What is the companys pre-tax cost of debt? (3) -Jensens Travel Agency has 9 percent preferred stock outstanding that is currently selling for $49 a share. The market rate of return is 15 percent and the firms tax rate is 34 percent. What is Jensens cost of†¦show more content†¦Your required rate of return is 9 percent. Ignoring taxes, what is the value of one share of this stock today? PV = ($0.75 / 1.09) + ($2.90 / 1.092) = $3.13 (1) - Merlo, Inc. maintains a debt-equity ratio of 0.25 and follows a residual dividend policy. The company has after-tax earnings of $3,800 for the year and needs $3,200 for new investments. What is the total amount Merlo will pay out in dividends this year?If debt = 0.25 and equity = 1, then debt + equity = 1.25. Equity portion of new investments = $3,200 Ãâ€" (1 / 1.25) = $2,560.00 Total dividends paid = $3,800 - $2,560.00 = $1,240.00 = $1,240 (rounded) (4) - A firm has a market value equal to its book value. Currently, the firm has excess cash of $1,200 and other assets of $10,800. Equity is worth $12,000. The firm has 750 shares of stock outstanding and net income of $775. What will the new earnings per share be if the firm uses its excess cash to complete a stock repurchase? Market value per share = Book value per share = $12,000 / 750 shares = $16 per share Number of shares repurchased = $1,200 / $16 per share = 75 shares Number of shares outstanding after the repurchase = 750 – 75 = 675 shares EPS after repurchase = $775 / 675 shares = $1.15 (2) - A firm has a market value equal to its book value. Currently, the firmShow MoreRelatedWhat is Finance Management?1598 Words   |  6 PagesWhat is finance management? â€Å"Financial Management is the Operational Activity of a business that is responsible for obtaining and effectively utilizing the funds necessary for efficient operation.† by Joseph Massie. What is capital market? â€Å"Are places where companies which need long term finance can meet investor† (business study guide, p120) P1.1- Identify the sources of finance available to new business you have chosen. 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The sales order is generated and sent to the customer for billing. The customer informs the finance department that the pricing is incorrect and refers back to the quote the VP provided at the beginning of the project. Due to poor internal communicationRead MoreWhat Accounting And Finance Is And Why It Has An Important Aspect Of Any Business1364 Words   |  6 PagesINTRODUCTION This report focuses primarily on the understanding of what Accounting and Finance is and why it has, and will continue to be, an important aspect of any business - further exploring its subsequent relevance in guiding those who work in these areas. WHAT IS ACCOUNTING? Accounting, a practice which goes back many millennia, arises from the concept which Britton and Waterston (2005, p. 03) believe came about when managers (known then as stewards) had to â€Å"account for their stewardship ofRead MoreThe Role of Managers in Each Functional Area of Business933 Words   |  4 Pagesspecialized roles that are dependent on the functional area in which they work [1]. Their rule cannot be ignored. They are the ones who are responsible of planning, organizing, commanding, coordinating, and controlling [2]. This paper is designated to study the role of managers in the different functional areas of any business. But what are the functional areas of any business? What are the types of managers and what skills they need to have for each functional area? The following shows the answers forRead MoreEssay On Opportunity Cost888 Words   |  4 Pagesopportunity cost when deciding to become a business owner. 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The Power Of Millennials Conflict Between Countries

The Power of Millennials Conflicts between countries has been an issue for decades and still has different voices in regard to this subject. Whether going into war with another country is a big decision to the United States which will never fulfill every citizen s preferences. This decision will cause a long term effect because it involves too many consequences and considerations. Therefore, our future host, the millennial generation, must take the responsibility to make the best decision for the future America. In the chapter Less War: A Cautious Approach to Foreign Policy written by David and Jack Cahn, it suggests millennials’ view on foreign policy. Cahn and Cahn do so referring to some specific examples, including Iran Deal, San Bernardino and Paris attack, and ISIS. Millennials are using their voting power and the power of the internet to gather attention from the older generation that they want America to be a less dominant country and not interfere with other countries if possible. In this specific chapter, Cahn and Cahn argues Millennials hold different perspectives on foreign policy as the older generation does. Unlike competing with countries, millennials prefer cooperation because they get tired of getting into war and make unnecessary deaths. They form this kind of idea after some tragic accidents happened throughout the world. Those accidents had a huge influence on millennials attitude. The millennials do not want the United States involve in too muchShow MoreRelatedSanchi Team Reflection1037 Words   |  5 Pagesindependently, but those who do find it easy to focus and concentrate when they block out all distractions – including interactions with coworkers. They shine when insulated from the interruptions of a hectic workplace. 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Satire of Modest Proposal Free Essays

Satire at its Finest A masterful satire, this is what Jonathon Swift’s â€Å"A Modest Proposal† is. The writing is used to construct a misunderstood proposal that comments on the social hardship of Ireland while blaming the government’s incompetence as well as the morals of the country. His proposal makes it visible to others that there is a need for social reform. We will write a custom essay sample on Satire of Modest Proposal or any similar topic only for you Order Now From the beginning, it is not clear to the readers of what Swift’s true proposal actually is, but as it is being broken apart, one can see that the entire writing is full of sarcasm. The proposal itself speaks to the people who ignore the issues but who are also the ones that can fix them. As a proposed solution, that author states in the intro that â€Å"for preventing the children of poor people in Ireland from being a burden to their parents or country, for making them beneficial to the public† (Swift 239). Swift is bringing upon an attempt to find a cheap and easy method for bringing children of the poor into the commonwealth as well as turning the problem that is amuck, into its own solution. He uses analogies for the way people, a nation, can be devoured and how the nation is consuming itself and its own resources. â€Å"I grant this food will be somewhat dear, and therefore very proper for landlords who, as they have already devoured most of their parents, seem to have the best title to the children†(Swift 240). Swift has effective and ineffective ways of using different literary techniques that will intrigue one or leave them completely baffled with his proposal. At first glance of this writing, a reader can be nothing but appalled, though it causes one to think about realistic solutions and to take action. Swift’s proposal is effective by which he delivers his argument so efficiently and with such detail and use of sarcastic comparisons, exaggerations, and emotional appeals. His main solution to this problem is the practice of selling and eating children. â€Å"A young healthy child well nursed is at a year old a most delicious, nourishing, and wholesome for, whether stewed, roasted, baked, or boiled; and I make no doubt that it will equally serve in a fricassee or ragout†(Swift 240). He uses statistical support and specific data about pricing, rates, and population numbers, to make his argument more agreeable and supportive. To make his proposal so effective, the author uses good structure, tone, language, and rhetorical appeals. The use of suggestive language makes it hard for the reader to not agree with his arguments. Though the language is clear, it is at a cross with the tone. The tone though full of sarcasm and irony, changes throughout and also reduces human beings and compares them to livestock. An example of this is when Swift writes that â€Å"women as breeders,† and â€Å"children just drooped from its darn† (Swift 241). At first, the author was sympathetic toward the people, but then it becomes more sarcastic again. The use of ethos, logos, and pathos play a large role in making this writing so effective. The constant flow of disgust and humor, have an effect on the reader emotionally, creating pathos. The ethos and logos give the writing underlying meaning, while the logos create an unsympathetic feeling allowing the proposal to come off as one that is opposed. With the author creating different methods of cooking children, the ethos is weakened. A wholesome food whether stewed, roasted, baked or boiled† (Swift 240). With supporting evidence from friends, Swift provides details on better consumption ages, flavors, and experience. This proposal also has some techniques that make it ineffective in its writing. The author is portraying himself to be from a self-righteous moral stance. His stance on the sides is not easy to identify. The irony used is to criticize the society that enables all the se problems and the poverty of others while at the same time it is degrading the poor. His writing shows a lack of compassion for the human life, and by being one-sided and not considering opposing viewpoints, it loses some effectiveness. By discriminating, one would suggest it has an effect on it as well. The story does contain fallacies. One of these fallacies is appeal to authority. Jonathon Swift suggests a friend, who it seems is one of a higher status, who describes the different ages, value and ways that he and others have committed cannibalism. This fallacy is an argument that attempts to overawe an opponent into accepting a conclusion, appealing to ones feelings of modesty. Overall, â€Å"A Modest Proposal† by Jonathon Swift is a very well created satire. Not only does this piece of literature draw one into the progressions of tones and use of strong and witty language, but there are statistics and data to make this argument favorable. In the end of Swift’s writing, he tells us that he has nothing to gain economically, being that he has no children. With this act, one can see that the author is being more sincere than previously believed. The author uses effective and ineffective ways of using different literary tools and tricks that draw many people into is proposal and to see the ultimate reason for it. The rhetorical appeals, structure, tone, discrimination and many details make this writing so intriguing. This absurd request is a way in which to better attempt an economical change in Ireland and to reveal what others wish to not see in the country. His method to get there is one of great success. Work Cited: Swift, Jonathon. â€Å"A M odest Proposal. † Reading Literature and Writing Argument. Eds. Missy James and Alan P. Merickel. 4th ed. Boston: Longman/Pearson, 2011. 238-44. Print. How to cite Satire of Modest Proposal, Essay examples