If you want a similar paper on this topic, get an academic tutor who has over 15 years experience in the essay writing industry The Budget Proposal project is intended to be a comprehensive evaluation of the key objectives covered throughout this course. It will challenge you to apply your knowledge of theBudgeting Process(including sales forecasting) when creating a budget proposal for a new business startup. Please use this outline and grading rubric as a guide in completing your Course Project. It provides specific details of the required elements of the project, and will be used by your instructor as a grading guide. The documents you need to complete the project are located in Doc Sharing. The Course Project Description provides an overview of the project, as well as the information pertaining to the business for which you will prepare the budget proposal. The weekly Project Activity documents provide a detailed description of the project content that is due each week. All of your work will be done in the Budget Proposal Template and the Budget Proposal Workbook. Guidelines Back to Top The following guidelines should be used when completing your project. Even though this is not a scientific-type writing assignment, and is mostly creative in nature, references are still important. At least one authoritative, outside reference is required (anonymous authors are not acceptable). These should be listed on the last page (titled Works Cited). Appropriate citations are required. All DeVry University policies are in effect, including the plagiarism policy. The Final Budget Proposal and Presentation are due during Week 7 of this course. Weekly drafts are due as indicated in the Course Project Description document located in Doc Sharing. Any questions about this paper may be discussed in the weekly Q & A discussion topic. This project is worth 180 total points and will be graded on quality of content, organization, proper use of citations as necessary, and grammar and sentence structure. The formatting standards outlined in theBudget Proposal Templateshould be followed. Milestones Back to Top Each week you will complete a section of the project in draft form. In Week 7, you will submit the final version of the project's Budget Proposal Template, Budget Proposal Workbook, and Budget Presentation in PowerPoint. Week Deliverable Points 1 Section 1.0 Executive Summary (Draft) 10 2 Section 2.0 Sales Forecast (Draft) 10 3 Section 3.0 Capital Expenditure Budget (Draft) 10 4 Section 4.0 Investment Analysis (Draft) 10 5 Section 5.1 Pro Forma Income Statement and 5.2 Balance Sheet (Draft) 10 6 Section 5.3 Pro Forma Cash Budget (Draft) 10 7 Final Budget Proposal Template and Budget Proposal Workbook 90 7 Budget Presentation in PowerPoint 30 Grading Rubrics Back to Top Detailed grading rubrics for the weekly drafts and the final project are located in the weekly Project Activity documents in Doc Sharing. Best Practices Back to Top Complete a first draft and then go back to edit, evaluate, and make any changes required. Use visual communication to clarify and support the written part of your report. TheBudget Proposal Templateindicates where visual aids are required. You may include additional forms of visual communication to support your assumptions and ideas. Consider your audience when preparing the Budget Presentation .If you want a similar paper on this topic, get an academic tutor who has over 15 years experience in the essay writing industry ...read more

If you want a similar paper on this topic, get an academic tutor who has over 15 years experience in the essay writing industry FIN419: Spring 2016 Individual Project 2: Time-Value of Money Due date: Feb. 18, 2016 Part A: You have to use the Excel spreadsheet. Suppose that a savings account is opened with an initial deposit of $2,000. Also, the account gets the interest that is compounded each month at an interest rate that is increasing each month as follows: 0.10%, 0.11%, 0.12%, 0.13%, 0.14%, 0.15%, ...... For each of the following three deposit scenarios (A), (B), and (C) described below, do the following: (i) Use the Excel to construct a single iterative equation for the account each month Pn. (ii) Use the Excel to iterate the equation a sufficient number of times to determine how long it takes for the balance to reach $10,000. (iii) Use the Excel to draw a time series graph of Pn for this time interval. Three deposit scenarios: (A) $100 is deposit at the end of every month. (B) The amounts deposited at the end of subsequent months are: $100, $50, $100, $50, $100, $50, $100, $50, ......... (C) The amounts deposited at the end of subsequent months are: $100, $150, $100, $175, $187.50, $193.75, ......... Part B: [Continuous Compounding]: Compute the FV of $1,900 continuously compounded for: A. 7 years at a stated annual rate of 12% B. 5yearsatastatedannualrateof10% C. 12yearsatastatedannualrateof5% D. 10 years at a stated annual rate of 7% [Interest Rates]: Well-known financial writer Andrew Tobias argues that he can earn 177 percent per year buying wine by the case. Specifically, he assumes that he will consume one $10 bottle of fine Bordeaux per week for the next 12 weeks. He can either pay $10 per week or buy a case of 12 bottles today. If he buys the case, he receives a 10 percent discount and, by doing so, earns the 177 percent. Assume he buys the wine and consumes the first bottle today. Do you agree with his analysis? Do you see a problem with his numbers? [Calculating EAR]: Friendly’s Quick Loans, Inc., offers you “three for four or I knock on your door.” This means you get $3 today and repay $4 when you get your paycheck in one week (or else). What's the effective annual return Friendly's earns on this lending business? If you were brave enough to ask, what APR would Friendly's say you were paying? [Growing Perpetuities] Mark Weinstein has been working on an advanced technology in laser eye surgery. His technology will be available in the near term. He anticipates his first annual cash flow from the technology to be $175,000, received two years from today. Subsequent annual cash flows will grow at 3.5 percent in perpetuity. What is the present' value of the technology if the discount rate is 10 percent? [Balloon Payments]: Audrey Sanborn has just arranged to purchase a $550,000 vacation home in the Bahamas with a 20 percent down payment. The mortgage has a 6.1 percent stated annual interest rate, compounded monthly, and calls for equal monthly payments over the next 30 years. Her first payment will be due one month from now. However, the mortgage has an eight-year balloon payment, meaning that the balance of the loan must be paid off at the end of Year 8. There were no other transaction costs or finance charges. How much will Audrey’s balloon payment be in eighty years? [Growing Annuity]: Your job pays you only once a year for all the work you did over the previous 12 months. Today, December 31, you just received your salary of $65,000, and you plan to spend all of it. However, you want to start saving for retirement beginning next year. You have decided that one year from today you will begin depositing 5% of your annual salary in an account that will earn 10% per year. Your salary will increase at 4% per year throughout your career. How much money will you have on the date of your retirement 40 years from today? [Loan Payments] You need a 30 year, fixed-rate mortgage to buy a new home for $250,000. Your mortgage bank will lend you the money at a 5.3% APR for this 360-month loan. However, you can only afford monthly payments of $950, so you offer to pay off any remaining loan balance at the end of the loan in the form of a single balloon payment. How large will this balloon payment have to be for you to keep your monthly payments at $950? 8. [Present Value and Break-Even Interest]: Consider a firm with a contract to sell an asset for $115,000 three years from now. The asset costs $76,000 to produce today. Given a relevant discount rate on this asset of 13% per year, will the firm make a profit on this asset? At what rate does the firm just break even? Variable Interest Rates]: A 15-year annuity pays $1,500 per month, and payments are made at the end of each month. If the interest rate is 12% compounded monthly for the first seven years, and 6% compounded monthly thereafter, what is the present value of the annuity? [Annuities] You are saving for the college education of your two children. They are two years apart in age; one will begin college 15 years from today and the other will begin l7 years from today. You estimate your children’s college expenses to $45,000 per year per child, payable at the beginning of each school year. The annual interest rate is 7.5%. How much money must you deposit in an account each year to fund your children’s education? Your deposits begin one year from today. You will make your last deposit when your oldest child enters college. Assume four years of college. If you want a similar paper on this topic, get an academic tutor who has over 15 years experience in the essay writing industry ...read more

If you want a similar paper on this topic, get an academic tutor who has over 15 years experience in the essay writing industry In this project, you will find and discern the appropriate data to determine a realistic assessment of the weighted average cost of capital for a firm of your choosing. You will need to search for data from several sources, use subjective judgment to determine which data to use or discard, use subjective judgment to determine which calculation gives a more acceptable estimate and make some simplifying assumptions. The purpose of the projects is to show some of the sources of measurement errors in financial analysis, to introduce the diverse sources of publicly available financial information and to develop skill in analysis in situations where there are too much or too little data. Keep the following in mind when choosing a company:  Publicly traded  No utilities  No financial firms  No all equity firms  No firms with large amounts of convertible securities or warrants Organization of the paper should be as follows: I. Title page II. Table of Contents III. Introduction/Background (2-3 pages) This section should include background on the company that has been chosen. IV. Pages showing equations with data and brief description There is no page length given for this as it can vary greatly. This section is to be divided up based on the topics. In each section, you must show and explain the equations that are used. In addition, you are to draw any conclusions on the company you can from this data. Please note that detailed worksheets showing all of the calculations for this section are to be included in an appendix.  Cost of Equity (Common Stock) o Beta from Regression and two Betas from analysts o Beta Chosen for CAPM and why o Capital Assets Pricing Model(include how determined R F and[ R M or (R M – R F )] o Discounted Cash Flow (DCF) (only if dividends – include how determined) o Own-Bond-Yield-plus-Judgmental-Risk-Premium (include how determine risk premium)  Cost of Preferred Stock  Cost of Debt (make sure to include table that lists all bond issues with weighted average cost of debt)  Market Value of Debt (will have calculated above, but will need to add any long term leases from balance sheet to get total market value of debt)  Market Valueof Equity  Market Value of Preferred Stock  Value of Firm  Firm’s Tax Rate (explain how determined)  Weight for Equity  Weight for Preferred Stock  Weight for Debt  WACC (Weighted Average Cost of Capital) V. Assumptions Including but not limited to R F , R M, RP M (which =Rm - R F ), growth rate of dividends. This page should have a brief description of how you came up with the estimates with spreadsheets, etc. to be put in the appendix. VI. Appendix Appendix should include all relevant data including debt data from Morningstar, calculations of weighted average cost of debt, stock returns, betas from analysts, beta regression analysis, method/sourcing for R F and R M, growth rates for dividends, different methods to determine tax rates, etc. Detailed descriptions, tables of data and excel sheets etc will be in the appendix. VII. References HELPFUL EQUATIONS WACC = [(w E ) x R E ] + [(w PF ) x R PF ] + [(w D ) x R D x (1- T C )] Where: Weights (w E ) = % of common equity in capital structure (w PF ) = % of preferred stock in capital structure (w D ) = % of debt in capital structure Component costs R E = firm’s cost of equity R PF = firm’s cost of preferred stock R D = firm’s cost of debt If you want a similar paper on this topic, get an academic tutor who has over 15 years experience in the essay writing industry ...read more