Optimal Capital Structure Write a 750 – 1000 word paper. In your paper include the following: •Explain the capital structure of the organization you have been studying this term. Do they rely more heavily on debt or equity? What are their structure weights (%’s)? How does this structure contribute to the overall risk of your firm? Do you feel they have chosen an ideal capital structure? What would you do to improve their structure if you could be CEO for a day? Includee a title page and 3-5 references. Only one reference may be from the internet (not Wikipedia). The other references must be from the Grantham University online library. Please adhere to the Publication Manual of the American Psychological Association (APA), (6th ed. 2nd printing) when writing and submitting assignments and papers. Grading Criteria Assignments Maximum Points Meets or exceeds established assignment criteria 40 Demonstrates an understanding of lesson concepts 20 Clearly presents well-reasoned ideas and concepts 30 Uses proper mechanics, punctuation, sentence structure, and spelling 10 Total
In 2012, Bill and Joyce Schnappauf live in Wakefield, R.I. Bill is 53, and Joyce is 51. Bill is a district sales manager for USC Equipment Corporation, a Rhode Island firm that manufactures and distributes gaming equipment. Joyce is a self-employed author of children’s books. The Schnappaufs have three children, Will, 21, Dan, 19, and Tom, 16. In February 2013, the Schnappaufs provide the following basic information for preparing their 2012 federal income tax return:
1. The Schnappaufs use the cash method of accounting and file their return on a calendar-year basis.
2. Unless otherwise stated, assume that the Schnappaufs want to minimize the current year’s tax liability. That is, they would like to defer income when possible and take the largest deductions possible, a practice they have followed in the past.
3. Joyce’s Social Security number is 371-42-5207.
4. Bill’s Social Security number is 150-52-0546. 5.
Will’s Social Security number is 372-46-2611.
6. Dan’s Social Security number is 377-42-3411.
7. Tom’s Social Security number is 375-49-6511.
8. The Schnappaufs do not have any foreign bank accounts or foreign trusts.
9. Their address is 27 Northup Street, Wakefield, R.I. (02879).
10. The Schnappaufs do not wish to contribute to the presidential election campaign.
PHASE I— The first phase of the tax return problem is designed to introduce you to some of the tax forms and the supporting documentation (Forms W-2, 1099-INT, etc.) needed to complete a basic tax return. The first four chapters focus on the income aspects of individual taxation. Accordingly, this phase of the tax return focuses on the basic income concepts. 1. Bill’s W-2 is provided (Exhibit A-1). The 2012 W-2 includes his salary ($94,000), bonus ($47,000), and income from group-term life insurance coverage in excess of $50,000 ($121.44), and is reduced by his 7 percent contribution ($6,580) to USC’s qualified pension plan. The company matches Bill’s contribution to the plan.
2. The Schnappaufs receive two 1099-INTs for interest (Exhibits A-2 and A-3), two 1099-DIVs for dividends (Exhibits A-4 and A-5), and a combined interest and dividend statement (Exhibit A-6).
3. Joyce and her brother, Bob, are co-owners of, and active participants in, a furniturerestoration business. Joyce owns 30 percent, and Bob owns 70 percent of the business. The business was formed as an S corporation in 2004. During 2012, the company pays $5,000 in dividends. The basis of Joyce’s stock is $27,000.
4. The Schnappaufs receive a 2011 federal income tax refund of $1,342 on May 12, 2012. On May 15, 2012, they receive their income tax refund from the state of Rhode Island. In January 2013, the state mails the Schnappaufs a Form 1099-G (Exhibit A-7). Their total itemized deductions in 2011 were $22,854.
5. During 2012, Joyce is the lucky ninety-third caller to a local radio station and wins $500 in cash and a stereo system. Despite repeated calls to the radio station, she has not received a Form 1099—MISC. In announcing the prize, the radio station host said that the manufacturer’s suggested retail price for the stereo system is $625. However, Joyce has a catalog from Supersonic Electronics that advertises the system for $520.
6. The Schnappaufs receive a Form W-2G (Exhibit A-8) for their winnings at the Yardley Casino in Connecticut.
7. On June 26, 2012, Bill receives a check for $17,400 from the United Insurance Corporation. Though he was unaware of it, he was the designated beneficiary of an insurance policy on the life of his uncle. The policy had a maturity value of $16,980, and the letter from the company stated that his uncle had paid premiums on the policy of $2,950 (Exhibit A-9).
8. Joyce is active in the school PTO. During the year, she receives an award for outstanding service to the organization. She receives a plaque and two $75 gift certificates that were donated to the PTO by local merchants.
9. To complete phase I, you will need Form 1040, Schedule B, and Schedule D.
INSTRUCTIONS: If you are using tax software to prepare the tax return or are not completing phases II and III of the problem, ignore the instructions that follow.
If you are preparing the return manually, you cannot complete some of the forms used in phase I until you receive additional information provided in phase II or phase III. Therefore, as a general rule, you should only post the information to the appropriate form and not compute totals for that form.
The following specific instructions will assist you in preparing Part I of the return.
a. The only form that can be totaled is Schedule B.
b. Only post the appropriate information to Schedule D.Do not total any columns. More information is provided in phase III of the tax return problem.
c. Do not calculate total income or adjusted gross income on page 1 of Form 1040.
d. Post the appropriate information on page 2 of Form 1040, but do not total this page, compute the federal tax liability, or determine the refund or balance due. PREPARATION AID: Tax forms and instructions can be downloaded from the IRS’s home page (http://www.irs.treas.gov). You can also download IRS Publication 17, which is a useful guide in preparing the tax return. What forms are used and what accounts go into the forms.
Prepare an eight- to ten-page fundamental financial analysis (excluding appendices, title page, abstract, and references page) that will cover each of the following broad areas based on the financial statements of your chosen company:
The company will be Samsung
Provide a background of the firm, industry, economy, and outlook for the future.
Analyze the short term liquidity of the firm.
Analyze the operating efficiency of the firm.
Analyze the capital structure of the firm.
Analyze the profitability of the firm.
Conclude with recommendations for the future analysis of the company (trend analysis).
Writing the Final Paper
Must be eight to ten double-spaced pages in length (not including title and references pages) and formatted according to APA style.
Must include a separate title page with the following:
Title of paper
Course name and number
Must begin with an introductory paragraph that has a succinct thesis statement.
Must address the topic of the paper with critical thought.
Must end with a conclusion that reaffirms your thesis.
Must use at least three scholarly sources from the University Library, in addition to the text.
Must document all sources in APA style
Must include a separate references page that is formatted according to APA style
300 words APA/ 3 sources/ answer all questions
Buying stock is most often associated with a rise in the price of the shares (buy low…sell high)…however, there is the matter of a dividend that some firms payout to shareholders.
So, do you consider the dividend in/with your selection of stocks?
Are there mutual funds that ‘cater to’/emphasize dividend paying stocks?
Also, ‘where’ does the dividend originate from, and, ‘who’ decides if a dividend is/will be forthcoming.
When considering the dividend payout policy of a given firm…consider what both the ‘payout rate’ and the ‘retention rate’ may mean to a given firm.
In addition, consider what the ‘quality of earnings’ may mean to an overall dividend policy of a firm.
Lastly, ‘what’ might “preferred stock” have to do with payout decisions of/at a firm…?
1. A small town has 5600 residents. The residents in the town were asked whether or not they favored building a new bridge across the river. You are given the following information on the residents’ responses, broken down by gender:
In Favor 1400 280 1680
Total 2240 3360 5600
A) What is the probability of a randomly selected resident being Opposed to the bridge?
B) What is the probability that a randomly selected resident is a man and is In Favor of the bridge?
C) What is the probability of a randomly selected resident being a man or In Favor of the bridge?
D) If a randomly selected resident is a woman, what is the probability that she is in favor of the bridge?
E) Are gender and opinion about the bridge mutually exclusive events? Why?
F) Are gender and opinion about the bridge independent events? Why? Show some “proof” with probabilities.
2. How many Combinations of 4 students can be selected from a group of 9 students?
3. Describe the Sample Space for the experiment of rolling a pair of dice.
Library Research Assignment Respond to the following scenario with your thoughts, ideas, and comments. Be substantive and clear, and use research to reinforce your ideas. It has been a year since the new CEO has been on the job, and the organization has seen sustainable growth. The former CEO came out of retirement to be elected the Chairwoman of the Board of Directors. At a recent meeting of the Board of Directors, the Chairwoman of the Board discussed the possible investment opportunities in the energy industry. She has asked you to prepare a case study on an energy company to establish if it is a good choice to include in the company’s investment portfolio. Using CTU Library resources, choose a company in the energy industry and prepare a case study that addresses the following points: •Introduction: Including a description of the company, its industry, and its business context. •Organizational analysis: Including the company’s leadership, market, operations, finances, performance, and regulatory environment. •Critical incidents: Including any stories of the organization’s challenges or achievements. How did it overcome the challenges? How did it accomplish its achievements? •Investment potential: Including any of its current issues that need to be addressed or its potential goals for growth. •Recommendation: Including how the investment might help the organization to address its current issues or realize its potential for growth. Provide a reference list at the end of your case study of at least 10 CTU Library articles and include in-text citations for the articles in APA format. Please submit your assignment. For assistance with your assignment, please use your text, Web resources, and all course materials.
Deliverable Length: 1,000–1,250 Words
Using the Segments of the General Environment, write the environmental analysis for your organization developed in Topic 1. Refer to Chapters 2 and 8 in the textbook for additional information. Include the following in your draft:
- Incorporate the Five Forces of Competition to help write the industry analysis for your organization (Chapter 2, Figure 2.2 The Five Forces of Competition Model).
- Describe your sources of competitive advantage.
- Using the Modes of Entry and their Characteristics (Chapter 8, Figure 8.5), describe which mode(s) of entry you would use to expand globally and why you selected it (even if expansion is hypothetical at this time). Select one country, such as Canada, and discuss relevant cultural, political, and economic factors, and any language barriers that could impact your entry.
- Using the Parts of the External Environmental Analysis (Chapter 2, Figure 2.1 and Table 2.2), identify the outlook, forecast, or trends for the type of organization you have selected.