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1. Why do we say money has time value? 2. Why i...




1. Why do we say money has time value? 2. Why is it important for business managers to be familiar with time value of money concepts? 3. Define Present Value. 4. Define Future Value. 5. What are present value and future value interest factors? (as in PVIF and FVIF) 6. (Calculating future value) You buy a 6 year, 8% CD for $1,000. Interest is compounded annually. How much is it worth at maturity? 7. (Calculating present value) What's the present value of $1,000 to be received in 8 years? (Your required rate of return is 7% a year.) 8. (Calculating the rate of return) A friend promises to pay you $600 two years from now if you loan him $500 today. What interest rate is your friend offering you? 9. (Calculating the future value of an annuity) If you invest $100 a year for 20 years at 7% annual interest, how much will you have at the end of the 20th year? 10. (Calculating the present value of an annuity) How much would you be willing to pay today for an investment that pays $800 a year at the end of the next 6 years? (Your required rate of return is 5% a year.),i realize that this is late notice but this is my first time using this reliable are the answers?,should I expect answers tonight?,okay...thanks!,Introduction A major portion of this course is devoted to increasing your ability to assess the status of a business by analyzing its financial statements. A good way to do that is to actually analyze a real business firm, so that is what you will do during the next nine weeks. Specifically, the company selected will be identified and each week you will perform a portion of a financial analysis on that company by applying the techniques you learn in that week. Your results will be accumulated as the term progresses so that by Week 9 you will have a complete report to turn in for grading. You will also discuss your results with the rest of the class during Week 9. Therefore, a portion of your homework assignment each week will be devoted to the project. Project Overview The company selected for analysis this term is Tootsie Roll Industries, Inc. (NYSE Ticker Symbol TR). The task is to describe the company?s current financial status. Your Role Imagine you work for a firm that is considering buying stock in Tootsie Roll. Imagine also that your boss, who also happens to be your instructor, has asked you to evaluate the company for possible inclusion in your firm?s portfolio. Specifically, your boss wants you to describe Tootsie Roll?s current financial status. You are to prepare a formal report of your efforts for your boss, and brief him on the results of your study in nine weeks. Procedure As you go through the course studying the various subjects that apply to the company, you will conduct a portion of the analysis and complete that section of the report. Here is the schedule for this term: Week 1 Start Review requirements (see Week 1 homework assignment) Download info for cover sheet, company overview During Work on cover sheet, company overview End Complete cover sheet; hand in for review Week 2 Start Review requirements (see Week 2 homework assignment) Download financial statements During Revise cover sheet based on instructor feedback Work on Company Overview Load financial statements into Excel End Complete Company Overview; hand in for review Week 3 Start Review requirements (see Week 3 homework assignment) During Revise Company Overview based on instructor feedback Work on Financial Overview Week 4 Start Review requirements (see Week 4 homework assignment) During Work on Financial Overview End Complete Financial Overview; hand in for review Week 5 Start Review requirements (see Week 5 homework assignment) During Revise Financial Overview based on instructor feedback Work on Ratio Analysis Week 6 Start Review requirements (see Week 6 homework assignment) During Work on Ratio Analysis End Complete Ratio Analysis; hand in for review Week 7 Start Review requirements (see Week 7 homework assignment) During Revise Ratio Analysis based on instructor feedback Work on Conclusion End Complete Conclusion, finalize report Week 8 Start Review requirements (see Week 8 homework assignment) During Polish and review final report End of Hand in completed report Week 9 During Present & Discuss Findings As you can see, the general approach is to apply what you learn each week to your analysis, thereby ?building? the report as you go through the course. Two weeks are allowed for each major phase of the report, which is enough time to conduct the analysis, record your findings, submit them for review, and receive feedback from your instructor. In weeks 7 and 8 you will finalize the document and prepare the formal version for submission and grading. In the final week of the course you will discuss your findings with the instructor and your classmates. Information Sources Use this webpage, the company's latest annual and quarterly reports, and business publications on the Internet as the basis for your analysis. Good information sources on the Internet include: The company?s own website (good for overview information, annual and quarterly reports). The U.S. Securities and Exchange Commission Search EDGAR for 10K and 10Q reports. See SEC Website Instructions below. Yahoo Finance Yahoo Financial Research Annual Reports This free service allows users to review an annual report in an easy and convenient manner. Boasting the most complete and up-to-date listings of annual reports on the internet, provides instant access to annual reports in their actual format in one single location. For educated investors, corporate annual reports are the most important research tool available. Annual Reports enable investors to stay up to date on a company's yearly outlook. Hoover's This site delivers comprehensive insight and analysis about the companies, industries and people that drive the economy, along with the powerful tools to find and connect to the right people to get business done. Reuters This site combines industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare, science and media markets, powered by the world?s most trusted news organization. MSN > Money > Investing Great resource for stock research. Many others (?Google? search for your company?s name, for example) Important Note: is not an acceptable information source for your report. Since anybody can edit its information and the owners of the site do not attempt to verify the accuracy of what is posted, it does not meet minimum academic standards. Format Use the Cover Sheet and Part 1 for this portion of your report. Your cover sheet should have the following: Title: "Financial Analysis of the Tootsie Roll Company" Stock ticker symbol Exchange where traded Address of company headquarters Company phone number Your name, etc. Part 1 of your final report is the "Company Overview" and should have the following: Brief description of the company (one paragraph, briefly summarizing the company?s business) Company history (origin, major developments, etc.) Organization (describe how the company is structured) Main products and services (describe what the company sells; how it makes money) Geographic area of operations (describe where the company sells its products) Recent developments (list recent major news stories, if any) Using Information Obtained from the Internet Most of the words in your report should be your own. You should only quote when what has been stated is so unique that it would lose its impact or value if it were not kept together as a quote (this is rarely the case). You may paraphrase and use quotes for emphasis when you need to, but when you do you must use quotes and identify the source of the information. Remember that you MUST provide a source for anything that is not your original words or thoughts. Failure to do so is a breach of the Webster University honor policy and will negatively impact your grade. Simply stated, it is plagiarism. To summarize: When you extract information from sources on the Internet for use in reports, there will be a strong temptation to copy and paste the information into your financial statement analysis. You should not routinely do this. Citing sources on a reference page is not enough. Remember that words shown in your paper are presented as if they are your own unless you enclose them in quotes and provide a citation so your readers know where the information came from. The identification of a source must be sufficient to allow the reader to go directly to the source...including the page! There are multiple style sheets available to show you how to cite outside work in your document. Remember, the requirement is to enable the reader to go directly to the source to confirm its veracity. Be sure to ask your instructor if you have any questions about the report in general or using quoted information in particular. Instructions for Obtaining Company Information from the Securities and Exchange Commission?s Website With your computer online, go to This is the U.S. Securities and Exchange Commission?s website. At the website, click on Search for Company Filings (its in the Filings and Forms section). That will take you to the ?Search the Next-Generation EDGAR System? page. At the Search the EDGAR System page, click on Company or fund name, ticker symbol, CIK (Central Index Key), file number, state, country, or SIC (Standard Industrial Classification). This will take you to the ?Company Search? page. At the Company Search page, enter the name of your company in the box. Select ?Starts with? or ?Contains? as needed. Leave the other boxes blank. When you are done, click the Find Companies button at the bottom. A list of companies matching the name you typed in will appear. The list may be short or long, depending on how many companies share the same words in their company names. Scroll down the list and locate the specific company you are interested in (you may have to go through several pages if the list is really long.) When you find your company, click the long red number in the left hand column next to the company name. This will bring up a ?Search Results? page with a list of forms on it. Important Note: if there is only one company matching the name you typed in, the system will take you directly to the forms page. See the next paragraph. On the forms page, scroll down the left hand column until you find an entry marked 10-K. These forms are the company?s annual report. Note ? you will normally find more than one 10-K Form listed, because the companies file one for each year. The one you want is the one with the latest date. Check the date of the form in the Filing Date column on the right. Note ? you can shorten the forms search process by entering 10-K in the Filing Type: window. Then scroll over to the right and click the Search button. The list of forms at the bottom of the page will then adjust to contain only 10-K forms. When you have located the 10-K form that you want, click the Documents button for that form. This will take you to a Filing Detail page that contains a list of things that are in the 10-K report. You will normally want the first entry, which, in the Document column, will be identified with something like form10k.htm. Click the red entry in the Document column to take you to the form. At this point you can print the entire report (100+ pages!) or you can scroll down through the document to locate the part you are interested in. When you find it, simply highlight it with your mouse, and copy and paste it into a Word document for your review later on. Be careful here! Do not just paste information from the form into your report unless you enclose the text in quotes and insert a footnote saying where you obtained it.


Paper#10639 | Written in 18-Jul-2015

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