by ·MOS 3311 代写作业Advanced Corporate Finance project已关闭评论
MOS 3311 Advanced Corporate Finance

The University of Western Ontario
DAN Management and Organizational Studies
MOS 3311: Advanced Corporate Finance
GROUP PROJECT代写，是个最近接到的为数不多的调理十分清晰，写起来十分高效，合作十分默契的小组作业

这门课可以放心下单，像快递小哥一样不惧风雨，每时每刻，准时送达！订单大量涌来，工作室启动超级加速，加油呀！

锐泽代写的专家绝对是有经验的老手，速度快，善于抓住导师的考察思路和套路，帮助您不再被困扰！

熬夜也是一项很耗费体力的体育项目，

祝愿大家早日退役，毕竟，早睡早起才是我们最好的归宿，

锐泽代写，您的留学避风港！

漫漫留学路，殊途同归，祝愿大家顺利完成学业！

TOPIC 3 – RISK AND RETURN
BIG QUESTIONS: What is the risk profile of the company? Provide a qualitative and quantitative analysis of the company’s risks and costs of capital.
Risk and Return Basics
• Obtain an estimate of the expected return and standard deviation for the company’s stock. How would you characterize total risk for potential investors in the company’s equity?
• What is the performance profile of an investment in this company? What return would you have earned investing in this company’s stock? Would you have under or out-performed the market?
• Obtain an estimate of the risk-free rate and the expected return on the market portfolio.

Estimating the Cost of Equity

The CAPM – Regression Beta
Run a regression of returns on your firm’s stock against returns on a market index, or alternately, if you have access to Bloomberg, go into the beta calculation page and obtain the relevant output (suggestion: in either case, use monthly data and 5 years of observations).
• What is the intercept of the regression? What does it tell you about the performance of this company’s stock during the period of the regression?
• What is the slope of the regression? What does it tell you about the risk of the stock?
• How precise is this estimate of risk? (Provide a range for the estimate).
• Search for alternate estimates of beta for your company. How do they differ? How reliable are they?
• What portion of this firm’s risk can be attributed to market factors? What portion to firm-specific factors? Why is this important?
• How much of the risk for this firm is due to business factors? How much of it is due to financial leverage?

The CAPM – Fundamental Beta
• Consider the firm’s business components, and obtain an estimate of business beta for each component if the firm has stated business components.
• Attach weights to each component and estimate a levered and an unlevered beta for the business.
Cost of Equity
• Which of the beta estimates that you have obtained for the firm would you view as more reliable? Why?
• Using the beta that you have chosen, estimate the expected return on an equity investment in this company.
• How risky is this company’s equity? Why? What is its cost of equity?
• As a manager in this firm, how would you use this expected return?

Estimating Cost of Debt
• Does your company have the ability to service its existing debt load?
• If your company has bonds outstanding, what is the yield to maturity on a long term bond?
• If your company is rated: What is the most recent rating for the firm? What is the default spread and interest rate associated with this rating?
• If your company is not rated, does it have any recent borrowings? If yes, what interest rate did the company pay on these borrowing?
• Are there any alternative ways to estimate the cost of debt?
• How risky is this company’s debt? What is its cost of debt?
• What is the company’s marginal tax rate?

TOPIC 4 – CAPITAL BUDGETING
BIG QUESTIONS: How effective is the company at making capital budgeting decisions? What process is used to choose investments? How successful have previous investments been relative to expectations? What are the implications for future growth?
• What methods (NPV, IRR, Payback, Discounted payback, or other) does the firm use to make investment decisions?
• Is there a typical project for this firm? If yes, what would it look like in terms of life (long-term or short-term), investment needs and cash flow patterns?
• How good are the projects that the company has on its books currently? Are those projects providing a tax shield?
• Have recent investment projects added value to the firm or destroyed value? If so, can you estimate how value was added or reduced?
• Are the projects in the future likely to look like the projects in the past? Why or why not? How will these projects affect the firm?
• Estimate the company’s operating cash flows for the latest year for which you have data. How may these, and total cash flows, change going forward?
• Are there any real options in the firm? If so, what type?

by ·搞快点！代写accounting case assignment已关闭评论

This is an individual case assignment.

这门课涉及到的重难点主要有

Financial Statements—Process, Design, and Preparation

Issues Regarding Items in Financial Statements (under various GAAPs)

Financial Statement Analysis

扫一扫又不会怀孕，扫一扫，作业无烦恼。
留学顾问の QQ：2128789860
留学顾问の微信：risepaper

作业繁多，感觉整个人都要麻掉了？不要emo了朋友，Rise锐泽来帮忙！

Case Question: Power Entertainment Ltd.

Required:
Prepare the report requested.
Power Entertainment Ltd. (PEL) is an interactive entertainment company for the mobile world. Frank Prince and his family members own the majority of the 4,000 shares, and have financed all growth through shareholder loans, equity investment, and retained earnings; lenders, historically, have been hesitant to become involved in this sector.
Currently, the company has three games it has developed and currently sells: Power CRASH, Power RATS, and Power DOOM. Users access PEL games for free via their mobile devices and through social networks. PEL generates revenue primarily through sales of virtual items that can be used in the games, such as extra lives, boosters, and game content that enhance users’ entertainment experience.

Power CRASH has experienced viral growth in the past year, changing PEL from a marginal, home-grown company into an entity with far more potential. Frank is coming to understand that his company might be a takeover target for one of the larger players in this business, or even have the potential to go public itself if growth continues. PEL would require far more volume and breadth of games for a public offering to be feasible, however.

You, CPA, have just been hired as the first-ever professional accounting member of PEL’s management team. You are VP Finance, but your position involves many different elements. The financial records have primarily been kept on a cash basis, but because of growth, Frank thinks it is time to revisit accounting policies and start getting audited statements that comply with ASPE or perhaps IFRS.
All revenue is received through direct deposit from Facebook© and PayPal©. Frank’s wife, Ethel, keeps the accounting records, and is known for her attention to detail. Payroll is handled by a third-party service. Ethel prepares simple monthly financial statements for Frank based on cash received and paid. Unpaid bills are accrued at year-end for the preparation of the annual financial statements.

Frank has reviewed the cash-based revenue figures for 20X3 to date, per Exhibit 1. He explains that his expectations from hiring a professional accountant include having someone put the accounting policies in order and get the financial statements verified by external accountants. Frank is attentive to general business news, is involved with local business groups, and has some general awareness of specific accounting concepts. Frank asks that within the specific context of PEL, you explain the similarities and differences between Canadian Accounting Standards for Private Enterprises (ASPE) and International Financial Reporting Standards (IFRS). Then, you are to identify the reporting issues facing PEL, and draft a report that sets out reporting policy alternatives and your recommendations. Based on your recommendations, you will have to recalculate revenue and any related balance sheet accounts.

by ·代写Memorandum Report & Spreadsheet Analysis已关闭评论

主要任务是回答两部分case的questions，并整理成report+表格，正文部分需要以下注意事项

Please remember for section A that this is a short report. It is expected that the maximum word count would be 1200 words. The exclusions from the word count are the same as per Assignment 1, as is the voluntary submission of drafts to Turnitin.
Regarding section B, this must be completed in the templates in the excel file to be downloaded together with this document. No other file will be accepted for marking. If this presents a problem, please contact the course coordinator well before the assignment is due.

Explains your conclusions
Justifies your recommendations
Presents evidence for your conclusions
Shows effects of current situations and potential benefits from your recommendations
Is divided into numbered sections with headings
Cites any theoretical arguments which support your position

扫一扫又不会怀孕，扫一扫，作业无烦恼。
留学顾问の QQ：2128789860
留学顾问の微信：risepaper

Circumstances that give rise to taxable temporary differences
Such circumstances include the following:
1. Interest revenue is received in arrears and is included in accounting profit on a time-apportionment basis but is included in taxable profit on a cash basis.
2. Revenue from the sale of goods is included in accounting profit when goods are delivered but is included in taxable profit only when cash is collected.
3. Depreciation of an asset is accelerated for tax purposes (the taxation depreciation rate is greater than the accounting rate).
4. Development costs are capitalised and amortised to the statement of profit or loss and other comprehensive income but are deducted in determining taxable profit in the period in which they are incurred.

Readings

1.Reading on Stream: Extract from Deegan & Samkin (2013) Chapter 10
2.Text: Chapter 5 Excluding 5.9.3-5.95 and 5.12.
3. New Zealand Framework

Key task:
Need to be able to distinguish between liabilities, provisions and contingencies. Liabilities and provisions are both recognised in the Balance Sheet and may need additional notes.
Contingences can neverbe recognised in the Balance Sheet but may be disclosed in the notes.

 

by ·老司机代写留学生Management Accounting作业assignment代考exam已关闭评论

在英国和澳洲，MA用的书有所不同，根据英国小伙伴的反映

入门者学的是这本Management Accounting for Decision Makers, Peter Atrill and Eddie McLaney, 9th edition (Pearson)

扫一扫又不会怀孕，扫一扫，作业无烦恼。
留学顾问の QQ：2128789860
留学顾问の微信：risepaper

Question 1
Goodnight Company manufactures beds. The company’s traditional management control systems have been criticised for concentrating on financial indicators. The Head of Performance Management wants an Integrated Performance Management System, which provides financial and non-financial aspects.
The Balanced Score Card has been highlighted as a potential management tool that could be implemented.

Required:
a) Discuss problems with traditional financial performance indicators and critically analyse the need for non-financial information. (20 marks)
b) Explain, with reference to a suitable diagram, each perspective of the Balanced Score Card. (40 marks)
c) Discuss how the Balanced Score Card could be applied to a company that manufactures and sells specialist beds, identifying two appropriate measures for each perspective. (40 marks)

Question 2
Chung’s luxury brewery makes and sell several products including the A (Awesome) and B (Brilliant) ranges. Traditional absorption costing has been replaced with an activity based costing system.
For the year actual production output with regards to products代写 A and B are:

Product A B
Units produced 20,000 10,000
Purchase orders 2,000 1,500
Stores issue notes 250 100
Machine Set ups 50 50
Machine hours 5,000 2,000
Direct materials £10,000 £5,000
Direct labour £50,000 £25,000

For all output the annual estimated production activity cost pools and cost driver activity levels are:
Activity Cost Pool (£) Activity Level
Purchasing materials 50,000 5,000 Purchase orders
Storing materials 45,000 500 Issue notes
Setting up machinery 40,000 400 Machine Set ups
Running machinery 75,000 20,000 Machine hours
Total production overheads 210,000

Required:
a) Calculate overhead rates for:
i. Activity Based Costing System (12 marks)
ii. Absorption Costing System (4 marks)
b) Calculate unit costs for products A and B for:
i. Activity Based Costing System (24 marks)
ii. 代写Absorption Costing System (18 marks)
c) Briefly discuss the implications of different unit costs under both costing methods. (12 marks)
d) Critically examine the advantages and disadvantages of activity based costing.(30 marks)

Question 3
Chegwin Ltd manufactures luxury sports jackets. It has estimated sales of 60,000 sports jackets that will generate sales revenue of £360,000. Budgeted costs are: direct material £110,000, direct labour £120,000 and production overheads £77,500. The production overheads include £37,500 of fixed costs. Expected profit based on these sales and costs is £52,500.
An alternative manufacturing method is also available, which would reduce variable costs per unit by £0.50, but increase fixed overheads by £7,500.

Required:
a) Define the concepts of break even and margin of safety. Explain the purposes of break-even analysis. (18 marks)
b) 代写Calculate the break-even point in units and sales value for the original production method. (6 marks)
c) Calculate the margin of safety in units and sales value for the original production method. (6 marks)
d) Calculate how many units need to be sold to make a £37,500 profit for the original production method. (9 marks)
e) Calculate the break-even point in units and sales value for the alternative method of production. (9 marks)
f) As far as you are able given the information available, briefly discuss the relative merits of the two alternative production methods. (12 marks)
g) Compare and contrast the accountant and economist models of cost-volume-profit analysis (40 marks)