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HSA- 525 Health Care Finance Week 5 Homework – savvyessaywriters.net | Savvy Essay Writers

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PreparationReading(s)Chapter 10: Reporting as a ToolChapter 11: Financial and Operating Ratios as Performance MeasuresChapter 12: The Time Value of MoneyHomeworkAssignment Exercises 10-1, 10-2, and 10-3 on pages 476 through 479Assignment Exercises 11-1, 11-2, and 11-3 on pages 480 through 481Assignment Exercises 12-1, 12-2, 12-3, 12-4, and 12-5 on pages 482 through 485Assignment Exercise 10–1: Components of Balance Sheet and Statement of Net IncomeRefer to the Metropolis Health System (MHS) financial statements contained in Appendix 28-A. Use the MHS comparative balance sheet, statement of revenue and expenses, and statement of fund balance for this assignment.RequiredIdentify the following MHS balance sheet components. List the name of each component and its amount(s) from the appropriate MHS financial statement.Current LiabilitiesTotal AssetsIncome from OperationsAccumulated DepreciationTotal Operating RevenueCurrent Portion of Long-Term DebtInterest IncomeInventoriesAssignment Exercise 10–2: Components of Balance Sheet and Income StatementRefer to the Metropolis Health System (MHS) balance sheet and statement of revenue and expense in Chapter 28’s MHS Case Study. Patient accounts receivable of $7,400,000 is shown as net of $1,300,000 allowance for bad debts (8,700,000 − 1,300,000 = 7,400,000). (1) What percentage of gross accounts receivable is the allowance for bad debts? (2) If the allowance for bad debts is raised to $1,500,000, where does the extra $200,000 go?Assignment Exercise 10–3: Components of Balance Sheet and Income StatementRefer to the Metropolis Health System (MHS) balance sheet and statement of revenue and expense in Chapter 28 MHS Case Study. Property, plant, and equipment of $19,300,000 is shown as “net,” meaning net of the reserve for depreciation. If the $19,300,000 is reduced by $200,000 (meaning the reserve for depreciation has risen), what happens on the income statement?Assignment Exercise 11–1: Liquidity RatiosRefer to the Metropolis Health System (MHS) case study in Chapter 28.Required1. Set up a worksheet for the liquidity ratios.2. Compute the four liquidity ratios using the Chapter 28 MHS financial statements.Assignment Exercise 11–2: Solvency RatiosRefer to the Metropolis Health System (MHS) case study in Chapter 28.Required1. Set up a worksheet for the liquidity ratios.2. Compute the solvency ratios using the Chapter 28 MHS financial statements.Assignment Exercise 11–3: Profitability RatiosRefer to the Metropolis Health System (MHS) case study in Chapter 28.Required1. Set up a worksheet for the liquidity ratios.2. Compute the profitability ratios using the Chapter 28 MHS financial statements.Assignment Exercise 12–1: Unadjusted Rate of ReturnMetropolis Health Systems’ Laboratory Director expects to purchase a new piece of equipment. The assumptions for the transaction are as follows:• Average annual net income = $70,000• Original investment amount = $410,000• Unrecovered asset cost at the end of useful life (salvage value) = $41,000Required1. Compute the unadjusted rate of return using the original investment amount.2. Compute the unadjusted rate of return using the average investment method.Assignment Exercise 12–2: Finding the Future Value (with a Compound Interest Table)John Whitten is one of the physicians on staff at Metropolis Health System. His practice is six years old. He has set up an office savings account to accumulate the funds to replace equipment in his practice. Today John is trying to figure what his equipment fund will amount to in four more years.The equipment fund savings account presently has a balance of $63,500 and any interest earned over the next four years will be left in the account. John assumes the annual interest rate will be 5%. How much money will be in the account at the end of four more years?RequiredCompute how much money will be in the account at the end of four more years. (Use the compound interest table found in Appendix 12-B.)Assignment Exercise 12–3: Finding the Present Value (with a Present-Value Table)Part 1—Dr. John Whitten is still figuring out his equipment fund. According to his calculations he needs $250,000 to be accumulated six years from now. John is now trying to find the present value of the $250,000. He continues to assume an interest rate of 5%.RequiredCompute the present value of $250,000 accumulated fifteen years from now. Assume an interest rate of 5%. (Use the Present-Value Table found in Appendix 12-A at the back of this chapter.) Part 2—John doesn’t like the answer he gets. What if he can raise the interest rate to 7%? How much difference would that make?RequiredCompute the present value of $250,000 accumulated fifteen years from now assuming an interest rate of 7%. Compare the difference between this amount and the present value at 5%.Assignment Exercise 12–4: Computing an Internal Rate of ReturnDr. Whitten has decided to purchase equipment that has a cost of $60,000 and will produce a pretax net cash inflow of $30,000 per year over its estimated useful life of six years. The equipment will have no salvage value and will be depreciated by the straight-line method. The tax rate is 50%. Determine Dr. Whitten’s approximate after-tax internal rate of return.Assignment Exercise 12–5: Payback PeriodThe MHS Chief Financial Officer is considering alternate proposals for the hospital Radiology department. The Director of Radiology has suggested purchasing one of two pieces of equipment. Machine A costs $15,000 and Machine B costs $12,000. Both machines are estimated to reduce radiology operating costs by $5,000 per year.RequiredWhich machine should be purchased? Make your payback calculations to provide the answer.

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portfolio of five to eight stocks – savvyessaywriters.net | Savvy Essay Writers

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For this case study, you will create a portfolio of five to eight stocks that demonstrate diversified risk. List the stocks along with their current price and previous 1-year and 5-year rates of return. Below the list of stocks, address the issues described below. Explain the difference between portfolio risk and stand-alone risk. Briefly explain why you selected each stock and how this investment portfolio would have less risk than selecting just one stock. How does risk aversion affect a stock’s required rate of return? Explain the distinction between a stock’s price and its intrinsic value. Your case study should be at least two pages in length, not counting the title and reference pages.You are required to cite and reference at least your textbook and stock data source. Use APA format to cite in-text and reference citations.

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DCF Analysis – savvyessaywriters.net | Savvy Essay Writers

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Instructions: For Computer Lab 2, you should complete the Computer Lab 2 spreadsheet based on the lab instructions. Use your spreadsheet to answer all the questions contained in the lab.You should type the answers to your questions in the section of the course called “Computer Lab 2 Questions.”Note: I have included a spreadsheet with the solutions to aid you. Please attempt the lab without using the solutions first.Computer Lab 2 spreadsheetComputer Lab 2 solutionsProject #1Complete the cash flow projections and find the NPV for this project. Initial CAPX are $20,000 and depreciated on a 10-year MACRS schedule. Net working capital required is $5,000 (just a one-time increase) over the life of the project. Incremental sales are $22,000 per year and incremental operating expenses are $18,000 per year. Assume that plant and equipment is disposed of at the end of year 7 (it has no resale value). The tax rate is 30%. Assume a discount rate of 9.3%.Note that the spreadsheet is set up so that assumptions (things you can change later) go in the yellow cells, and that the other cells contain formulas based on the assumptions.1. Assumptions. Fill in the assumptions section first. Put in the tax rate across the whole row. Put in the MACRS percentages. (The quickest way to do this is to copy them from the MACRS schedule, then go to where you want to paste the values, select Paste Special, click on Values and Transpose, and hit OK.) Enter the discount rate and the resale value.2. Balance sheet items. I find the cash flow projections are easier if we track two balance sheet items, net working capital and net PPE (that is, net fixed assets). In the NWC line, enter the amount that will be required for the project in each year. Note that the NWC must be in place by (the end of) year 0 and would be gone by (the end of) year 7. Keep in mind that this line is the level of NWC in each year, not the change in NWC.In the net PPE line, we are going to track the book value of the assets we acquire for this project. In the yellow cell (year 0), put the amount of the initial CAPX. In subsequent years, the net PPE will be net PPE from the previous year minus depreciation from that year. (Go ahead and enter this formula even though depreciation isn’t entered yet.)3. Getting EBIT(1 − t). Enter sales and expense for years 1–7. Enter depreciation expense for each year, which is the initial value of PPE times the MACRS percentage for that year. Enter the formula for EBIT, which is sales less expenses and depreciation. Enter taxes, which is the tax rate times EBIT, and then enter the formula for EBIT(1 − t).4. CAPX. In year 0, CAPX is just equal to the initial value of our PPE, so just enter a formula that references that cell.The other thing we want to account for here is selling PPE at the end of the project. Put this in the next line below CAPX. In year 7 we get a cash inflow from selling the equipment for resale value (RV), and the we also pay taxes on the gain over book value (BV). Here the RV is given in the assumptions, and the BV is the value of Net PPE in year 7. So enter a formula in year 7 under CAPX that reflects RV−(RV−BV)*t where t is the tax rate.5. Change in NWC. For the change in NWC for year 0, we just make it equal to the initial amount of NWC in year 0 from above. For years 1–7, the change in NWC is just that year’s NWC minus the previous year’s NWC.6. Cash Flows. Now we’re ready to calculate cash flow each year, and all we do is apply our cash flow formula: EBIT(1−t)+Dep.−CAPX−Ch.NWC. Enter this formula and copy it across for all years 0–7. Then the only change necessary is to also add in the sale of PPE in year 7 to the year 7 cash flows.7. NPV. Now enter the formula for NPV on the last line. Remember that the NPV function in Excel discounts the first value by one year, so don’t put the initial cash flow inside the NPV function. Add this in separately.Question 1: What is the NPV of the project under the given assumptions?Question 2: How low would the initial investment have to be in order to make this project acceptable? (Use Goal Seek. Set the NPV to a value of 0 by changing the initial investment in B12. An NPV of 0 makes the project just acceptable.)Project #2This time we won’t go through the spreadsheet step by step. You are given the assumptions, and you must complete the projections on your own.1. Projecting cash flows. Complete the cash flow projections for project #2. Assume the following:- The project has a 10-year life.- Revenues are $70,000 in year 1 and increase $5,000 per year thereafter.- Operating expenses are 70% of revenues in each year.- Initial equipment purchases are $100,000 and will depreciated on a seven-year MACRS schedule.- Equipment purchased will have a resale value of $30,000 at the end of the project.- The tax rate is expected to be 35% over the life of the project.- The discount rate for the project is 11.5%.- Net working capital of $25,000 will need to be maintained over the life of the project.2. Finding the NPV. Use the NPV function to find the NPV of the project.Question 3: Under the above assumptions, what is the NPV of this project?3. Finding the IRR (in two ways). Use the Goal Seek tool to find the internal rate of return on this project. Recall that the IRR is the discount rate that makes the NPV=0. So in Goal Seek set the NPV to 0 by changing the discount rate. After finding the IRR using Goal Seek, verify the IRR using the IRR function (enter on line 31, below the NPV).Question 4: What is the IRR under the above assumptions?4. Sensitivity analysis. Note on the spreadsheet that all yellow cells are assumptions that you can modify. Return the discount rate back to 11.5%. Now find the NPV of this project under the following alternative assumptions (change only one at a time, then change back before going to the next one).Question 5: Initial equipment purchases are $115,000. ________Question 6: Sales in year 1 are only $60,000, but still rise by $5,000 thereafter. ________Question 7: The equipment has no resale value. ________Question 8: The discount rate is 13%. ________5. Creating a data table. Do some additional sensitivity analysis by creating a data table. Create a Data Table showing what the NPV would be with discount rates of 8%, 10%, 12%, 14%, and 16%. Enter the discount rates in a row (for example, in C33:G33). In the cell down and to the left (such as B34) enter the reference for the cell containing the NPV (such as B30). Then to create the Data Table, highlight a block that includes all the cells you just entered (two rows and six columns) and click on Table in the top menu under Data (for Microsoft Office 2007, choose Data>What-if-Analysis>Data Table). The row input cell is the cell where you would input the discount rate (such as B7). Click on OK, and you will have a table showing the NPV under different assumptions.Question 9: According to your table, what would the NPV be if the discount rate were 14% and initial CAPX were $110,000? (Change initial CAPX in B12 before answering.)9. Accounting for straight-line depreciation. Change the depreciation method to straight line. Assume a 10-year life. Recall that straight line would be the same each year: (initial book value-salvage value)/life. Assume a salvage value of 0.Question 10: What is the NPV of the project with straight-line depreciation (under all other initial assumptions in #1)?10. Creating a switch (advanced/optional). You can make it easy to switch back and forth between straight-line and MACRS with a switch. Put the switch in a new row in the assumptions area (e.g., line 9). In the first cell (e.g., A9), put the label “Depreciation method (MACRS=1)”. Then in the next cell (e.g., B9) you will enter a 1 if you want the depreciation method to be MACRS, and you’ll enter something other than 1 if you want the depreciation method to be straight line. Now comes the hard part. On row 17, where you have Depreciation, you must enter an IF function in each cell. IF functions look like this: =IF (condition to check, formula if condition is true, formula if condition is false). So you enter three arguments in each IF function. In this case, it would be something like =IF (B9=1, enter MACRS formula, enter straight-line formula). If you enter this correctly and lock in the right cells, you only have to enter one formula, which you can then copy all the way across the row.

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BUS 624 Final Assignment – savvyessaywriters.net | Savvy Essay Writers

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Timmco Case StudyTimmco, Inc. is a publicly traded corporation located in Denton, Texas that makes and sells high pressure industrial spraying equipment used in all sorts of commercial liquid spraying applications. It prides itself on top quality and promotes its products as “100% made in the USA”.Sales have been declining recently due to competition from lower priced competitors and Timmco is looking for ways to reduce costs. One option under consideration is to find a new source for the high-pressure valves used in its products. These valves are complicated mechanisms that operate under very high internal pressure. If the valve was to burst, it would spray pieces of metal in all directions and pose a significant hazard to anyone standing nearby including the operator of the equipment. Timmco currently has a contract to purchase 1,000 valves a year at $2,500 per valve from Blagg Industries, a small privately owned business located in Boone, North Carolina. The contract has been in place for three years and has two more years to run.Blagg Industries has a dozen employees. Timmco is its primary customer. If Blagg Industries loses Timmco’s business, it will have to lay off employees and might even go out of business.Timmco is considering outsourcing the valves from Sanco, an overseas supplier in the country of Slawrovia, instead of buying valves from Blagg Industries. The Sanco valves only cost $1,000 each, but are known to be of lower quality than the Blagg Industries valves and are more likely to burst. Sanco can supply these valves at such low cost because they pay their workers, including children, less than the equivalent of $5 per day and work them long hours in hot, dangerous conditions.Slawrovia is a poor country, but it has a large government bureaucracy and there is a lot of red tape involved in getting approval to export manufactured goods to other countries. In fact, it might take more than a year for Sanco and Timmco to obtain the necessary approvals for Sanco to export the valves to Timmco. Fortunately, the CEO of Sanco is related to the Slawrovia Minister of Commerce and has told Timmco that the necessary approvals can be obtained in less than a week if Timmco makes a $20,000 “gift” to the Slawrovia Minister of Commerce.In addition to finding a new, low cost valve supplier, Timmco plans to increase sales by running a new marketing campaign that focuses on their commitment to American made quality. The tagline will be “Made in the USA by Americans, for Americans.”You are a high-level executive at Timmco. Analyze the legal and ethical issues presented by the Timmco scenario. Your legal and ethical analysis should include breach of contract and remedies, negligent torts, product liability, the Foreign Corrupt Practices Act, and deceptive advertising and should incorporate a discussion and application of one or more of the ethical theories from Chapter 4 of the course textbook Business law: The Ethical, Global, and E-Commerce Environment.Your legal and ethical analysis should,Analyze breach of contract and remediesAnalyze negligent tortsAnalyze product liabilityAnalyze the Foreign Corrupt Practices ActAnalyze deceptive advertisingIncorporate a discussion and application of one or more of the ethical theories from Chapter 4 of the course textbook Business Law: The Ethical, Global, and E-Commerce Environment.The Timmco Case Study Final PaperMust be eight to ten double-spaced pages in length (not including title and references pages and formatted according to APA style as outlined in the Ashford Writing Center’s APA Style (Links to an external site.) resource.Must include a separate title page with the following:Title of paperStudent’s nameCourse name and numberInstructor’s nameDate submittedFor further assistance with the formatting and the title page, refer to APA Formatting for Word 2013 (Links to an external site.).Must utilize academic voice. See the Academic Voice (Links to an external site.) resource for additional guidance.Must include an introduction and conclusion paragraph. Your introduction paragraph needs to end with a clear thesis statement that indicates the purpose of your paper.For assistance on writing Introductions & Conclusions (Links to an external site.) as well as Writing a Thesis Statement (Links to an external site.), refer to the Ashford Writing Center resources.Your legal analysis should follow the IRAC method introduced in Week 1.Must use at least seven credible sources in addition to the course text.The Scholarly, Peer-Reviewed, and Other Credible Sources (Links to an external site.) table offers additional guidance on appropriate source types. If you have questions about whether a specific source is appropriate for this assignment, please contact your instructor. Your instructor has the final say about the appropriateness of a specific source for a particular assignment.Must document any information used from sources in APA style as outlined in the Ashford Writing Center’s Citing Within Your Paper (Links to an external site.) guide.Utilize correct APA formatting for legal sources include case law and legislation. See the Citing Legal Sources (Links to an external site.) resource from the Ashford University Library as well as the Citing Legal Materials in APA Style (Links to an external site.) from the University Library of California State University, Stanislaus for assistance.Avoid over-dependence on direct quotes. Direct quotes are a great way to strengthen our assertions and provide support. However, be sure to avoid using excessive direct quotes in lieu of original thought. Direct quotes will not meet the requirement for analysis, application, and critical thinking. Please ensure to not overuse direct quote so that you can avoid losing points for this.Must include a separate references page that is formatted according to APA style as outlined in the Ashford Writing Center. See the Formatting Your References List (Links to an external site.) resource in the Ashford Writing Center for specifications.Carefully review the Grading Rubric (Links to an external site.) for the criteria that will be used to evaluate your assignment.

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