FIN 451

fin 451 - Economics
PLACE ORDER
homework require in the WORD Murphy Stores The mid-term exam will be carried out in a similar structure to other group cases. However, you are to work on this case alone and not share notes with others. This case is checked for plagiarism. You have been assigned a case study that will test your knowledge of computing 1. WACC and 2. Capital Budgeting Techniques (NPV, IRR, etc…). Make sure that you show all of your work in an excel document or word document. Your final solution will contain three documents, 1. A written report, 2. A case presentation, and 3. An excel/word document outlining your calculations. Similar to other cases, your mid-term presentation case should have the following sections: 1. Case background a. Here you should give an overview of the case. Discuss the background of the company. You do not need to be limited to only material discussed in the case. 2. Case Issues a. Outline the issues you identify in the case.  3. Potential Solutions a. Outline the solutions you are presenting the JC Penny. Give full explanations. Any necessary calculations need to be included in the written report. 4. Conclusion a. A summary of your final recommendations The written report (2-3 pages, no upper limit) should have (at minimum) the following sections: 1. Case background 2. Potential solutions to the case 3. Conclusion and final recommendations 4. Work Cited 5. Additional question responses 6. Index (Include all of your calculations here, no minimum requirement). Project Deliverables (Should be submitted by the deadline): 1. A PowerPoint presentation presenting the primary issue and background of the case 2. A written case report detailing your solution to the case. 3. An excel/word document outlining your calculations Instructions Specific to Murphy Stores Murphy Stores (MS) is a case about a company facing an important decision, invest in theft reducing technology or energy-efficient lighting. Both bring benefits, and costs, to Murphy Stores. You will be confronted with several new issues that arise daily for a small business. Read the case, then open the case template and the attachment to the case to get a complete picture of the problem.   1. Using Exhibit 1, compute the appropriate WACC for MS. 2. Using the template provided, compute the NPV, IRR, MIRR, and payback period (including discount) for each option 1. EAS Full Line Stores, 2. EAS Hardware Stores, and 3. Lighting.  3. Based on the information in question 2, recommend what the firm should do, assuming all projects are mutually exclusive. 4. Last question, using the template, change the assumption for “Savings from Lighting” to a best-case of 40\% and a worse case of 20\%. Based on these changes, is the project profitable in all scenarios? Intro Murphy Stores: Capital Projects The worksheets tabs provide base case scenarios and models for the three projects. The EAS projects are run with 3 different benefit measures: (Differential Gross Margin $; Differential Sales $; Differential Cost Savings from COGS: Lower Replacement Merchandise Costs) The Lighting project analysis follows the EAS analyses. Other tabs present summary base case results; value drivers/sensitivity analysis; scenario analysis; and conclusions/outcomes. Summary of Base Case Results IM Exhibit 1 Summary of Project Base Case Results EAS Full Line Stores Base case assumptions: Reduction in shrink 30\%, shrink rate without EAS grows 0.1\% per year, base rate sales forecast EAS Hardware Stores Base case assumptions: Reduction in shrink 30\%, shrink rate without EAS grows 0.1\% per year, base rate sales growth Lighting Base case assumptions: Energy cost savings at average of estimated range (35\%); energy costs rise with inflation Project EAS Full Line Stores EAS Full Line Stores EAS Full Line Stores EAS Hardware Stores EAS Hardware Stores EAS Hardware Stores Lighting Measure of Benefit Differential Sales Differential Costs Differential Gross Margin $ Differential Sales Differential Costs Differential Gross Margin $ Cost Savings NPV $14,712,340 $3,811,088 $1,226,004 $17,799,104 $9,743,226 $6,110,183 $1,151,539 IRR 58\% 27\% 17\% 97\% 66\% 50\% 16\% Profitability Index 4.69 1.96 1.31 9.00 5.38 3.75 1.16 EAS Full-line Store (Sales) IM Exhibit 2 EAS Full-Line Stores Base Case: Sales as Benefit Measure Sales (23 Full-Line Stores) $ 500,000,000 23 stores*$21.8 mm avg sales Sales growth \% 6\% Gross Margin 44.7\% Inflation 4\% Tax Rate 39\% Shrinkage 3.60\% JSS: JSS: in this case I assumed that EAS would be concentrated in those depts with higher shrink than full-line store average Shrinkage Decline 30.0\% Estimated Annual Growth in Shrinkage Rate without EAS 0.10\% Capital Expenditure $ 3,036,000 Cost of Tags $1,564,000 Year 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 0 1 2 3 4 5 6 7 8 9 10 Expected Revenue 500,000,000 530,000,000 561,800,000 595,508,000 631,238,480 669,112,789 709,259,556 751,815,129 796,924,037 844,739,480 \% Shrinkage 3.60\% 3.70\% 3.80\% 3.90\% 4.00\% 4.10\% 4.20\% 4.30\% 4.40\% 4.50\% Revenue Loss due to Shrinkage 18,000,000 19,610,000 21,348,400 23,224,812 25,249,539 27,433,624 29,788,901 32,328,051 35,064,658 38,013,277 Differential Revenue - Savings from EAS 2,700,000 5,883,000 6,404,520 6,967,444 7,574,862 8,230,087 8,936,670 9,698,415 10,519,397 11,403,983 Differential Gross Profit 1,206,900 2,629,701 2,862,820 3,114,447 3,385,963 3,678,849 3,994,692 4,335,192 4,702,171 5,097,580 Differential Operating Expenses (Tags) 1,564,000 1,626,560 1,691,622 1,759,287 1,829,659 1,902,845 1,978,959 2,058,117 2,140,442 2,226,060 2,315,102 Depreciation MACRS \% 14.29\% 24.49\% 17.49\% 12.49\% 8.93\% 8.92\% 8.93\% 4.46\% Differential Depreciation 433,844 743,516 530,996 379,196 271,115 270,811 271,115 135,406 - 0 - 0 Differential EBIT 639,596 3,447,861 4,114,236 4,758,588 5,400,902 5,980,317 6,607,438 7,422,568 8,293,338 9,088,881 Differential Taxes (609,960) JSS: JSS: Note that tags purchased up front are a tax-deductible expense in year 0. 249,442 1,344,666 1,604,552 1,855,849 2,106,352 2,332,324 2,576,901 2,894,801 3,234,402 3,544,664 Differential Change in Operating Income after Taxes 390,153 2,103,195 2,509,684 2,902,739 3,294,550 3,647,993 4,030,537 4,527,766 5,058,936 5,544,217 Capital Expenditure (3,036,000) Differential Free Cash Flow (3,990,040) 823,998 2,846,712 3,040,681 3,281,935 3,565,665 3,918,805 4,301,652 4,663,172 5,058,936 5,544,217 EAS - Hardware (Sales) IM Exhibit 5 EAS Hardware Stores Base Case: Sales as Benefit Measure Sales (Hardware Stores) $ 406,000,000 (110 stores*$3.7 mm per store) Sales growth \% 9\% Gross Margin 40.8\% Inflation 4\% Tax Rate 39\% Shrinkage 3.10\% Shrinkage Decline 30\% Estimated Annual Growth in Shrinkage Rate without EAS 0.1\% Capital expenditure $ 2,090,000 Cost of tags $ 220,000 Year 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 0 1 2 3 4 5 6 7 8 9 10 Expected Revenue 406,000,000 442,540,000 482,368,600 525,781,774 573,102,134 624,681,326 680,902,645 742,183,883 808,980,433 881,788,671 \% Shrinkage 3.10\% 3.20\% 3.30\% 3.40\% 3.50\% 3.60\% 3.70\% 3.80\% 3.90\% 4.00\% Revenue Loss due to Shrinkage 12,586,000 14,161,280 15,918,164 17,876,580 20,058,575 22,488,528 25,193,398 28,202,988 31,550,237 35,271,547 Differential Revenue - Savings from EAS 1,887,900 4,248,384 4,775,449 5,362,974 6,017,572 6,746,558 7,558,019 8,460,896 9,465,071 10,581,464 Differential Gross Profit 770,263 1,733,341 1,948,383 2,188,093 2,455,170 2,752,596 3,083,672 3,452,046 3,861,749 4,317,237 Differential Operating Expenses (Tags) 220,000 57,200 62,348 67,959 74,076 80,742 88,009 95,930 104,564 113,975 124,232 Depreciation MACRS \% 14.29\% 24.49\% 17.49\% 12.49\% 8.93\% 8.92\% 8.93\% 4.46\% Differential Depreciation 298,661 511,841 365,541 261,041 186,637 186,428 186,637 93,214 - 0 - 0 Differential EBIT 1,532,039 3,674,195 4,341,949 5,027,857 5,750,193 6,472,121 7,275,452 8,263,118 9,351,096 10,457,232 Differential Taxes (85,800) JSS: JSS: Note that tags purchased up front are a tax-deductible expense in year 0. 597,495 1,432,936 1,693,360 1,960,864 2,242,575 2,524,127 2,837,426 3,222,616 3,646,928 4,078,320 Differential Change in Operating Income after Taxes 934,544 2,241,259 2,648,589 3,066,993 3,507,618 3,947,994 4,438,026 5,040,502 5,704,169 6,378,911 Capital Expenditure (2,090,000) Differential Free Cash Flow (2,224,200) 1,233,205 2,753,100 3,014,130 3,328,034 3,694,255 4,134,422 4,624,663 5,133,716 5,704,169 6,378,911 Lighting Project Base Case Analysis - Lighting IM Exhibit 8 Total Number of Stores 187 Installation Cost/Store 37,400 Total Cost (Capital Expenditure) 6,993,800 Cost per kwh 0.075 Inflation 4\% Tax rate 39\% Lighting Average kwh 56.9 Annual hours of use 5100 Cost per kwh 0.075 Energy Cost 4,069,915 Reduction in Energy Consumption 35\% JSS: JSS: Average of reduction of 30-40\% Savings from Lighting 1,424,470 Air Conditioning Air Conditioning hours/yr/store 2000 Cost per kwh 0.075 Average Reduction in kw 9.5 JSS: JSS: Average reduction of range 9-10 Total savings from air conditioning 266,475 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 0 1 2 3 4 5 6 7 8 9 10 Total Energy Savings JSS: JSS: This represents incremental EBITDA 845,473 1,758,583 1,828,926 1,902,083 1,978,167 2,057,293 2,139,585 2,225,168 2,314,175 2,406,742 Depreciation MACRS \% 14.29\% 24.49\% 17.49\% 12.49\% 8.93\% 8.92\% 8.93\% 4.46\% Depreciation 999,414 1,712,782 1,223,216 873,526 624,546 623,847 624,546 311,923 - 0 - 0 Incremental EBIT (153,941) 45,801 605,711 1,028,558 1,353,620 1,433,446 1,515,039 1,913,245 2,314,175 2,406,742 Taxes (60,037) 17,863 236,227 401,138 527,912 559,044 590,865 746,166 902,528 938,629 Incremental Operating Profit after Taxes (93,904) 27,939 369,484 627,420 825,708 874,402 924,174 1,167,079 1,411,647 1,468,113 Capital Expenditure (6,993,800) Free Cash Flow (6,993,800) 905,510 1,740,720 1,592,699 1,500,946 1,450,255 1,498,249 1,548,720 1,479,003 1,411,647 1,468,113
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Your assignment may be more than 5 paragraphs but not less. INSTRUCTIONS:  To access the FNU Online Library for journals and articles you can go the FNU library link here:  https://www.fnu.edu/library/ In order to n that draws upon the theoretical reading to explain and contextualize the design choices. Be sure to directly quote or paraphrase the reading ce to the vaccine. Your campaign must educate and inform the audience on the benefits but also create for safe and open dialogue. A key metric of your campaign will be the direct increase in numbers.  Key outcomes: The approach that you take must be clear Mechanical Engineering Organic chemistry Geometry nment Topic You will need to pick one topic for your project (5 pts) Literature search You will need to perform a literature search for your topic Geophysics you been involved with a company doing a redesign of business processes Communication on Customer Relations. 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Develop a community-wide intervention to reduce elevated blood pressure and hypertension in the State of Alabama that in in body of the report Conclusions References (8 References Minimum) *** Words count = 2000 words. *** In-Text Citations and References using Harvard style. *** In Task section I’ve chose (Economic issues in overseas contracting)" Electromagnetism w or quality improvement; it was just all part of good nursing care.  The goal for quality improvement is to monitor patient outcomes using statistics for comparison to standards of care for different diseases e a 1 to 2 slide Microsoft PowerPoint presentation on the different models of case management.  Include speaker notes... .....Describe three different models of case management. visual representations of information. They can include numbers SSAY ame workbook for all 3 milestones. You do not need to download a new copy for Milestones 2 or 3. When you submit Milestone 3 pages): Provide a description of an existing intervention in Canada making the appropriate buying decisions in an ethical and professional manner. Topic: Purchasing and Technology You read about blockchain ledger technology. Now do some additional research out on the Internet and share your URL with the rest of the class be aware of which features their competitors are opting to include so the product development teams can design similar or enhanced features to attract more of the market. The more unique low (The Top Health Industry Trends to Watch in 2015) to assist you with this discussion.         https://youtu.be/fRym_jyuBc0 Next year the $2.8 trillion U.S. healthcare industry will   finally begin to look and feel more like the rest of the business wo evidence-based primary care curriculum. Throughout your nurse practitioner program Vignette Understanding Gender Fluidity Providing Inclusive Quality Care Affirming Clinical Encounters Conclusion References Nurse Practitioner Knowledge Mechanics and word limit is unit as a guide only. The assessment may be re-attempted on two further occasions (maximum three attempts in total). All assessments must be resubmitted 3 days within receiving your unsatisfactory grade. You must clearly indicate “Re-su Trigonometry Article writing Other 5. June 29 After the components sending to the manufacturing house 1. In 1972 the Furman v. Georgia case resulted in a decision that would put action into motion. Furman was originally sentenced to death because of a murder he committed in Georgia but the court debated whether or not this was a violation of his 8th amend One of the first conflicts that would need to be investigated would be whether the human service professional followed the responsibility to client ethical standard.  While developing a relationship with client it is important to clarify that if danger or Ethical behavior is a critical topic in the workplace because the impact of it can make or break a business No matter which type of health care organization With a direct sale During the pandemic Computers are being used to monitor the spread of outbreaks in different areas of the world and with this record 3. Furman v. Georgia is a U.S Supreme Court case that resolves around the Eighth Amendments ban on cruel and unsual punishment in death penalty cases. The Furman v. Georgia case was based on Furman being convicted of murder in Georgia. Furman was caught i One major ethical conflict that may arise in my investigation is the Responsibility to Client in both Standard 3 and Standard 4 of the Ethical Standards for Human Service Professionals (2015).  Making sure we do not disclose information without consent ev 4. Identify two examples of real world problems that you have observed in your personal Summary & Evaluation: Reference & 188. Academic Search Ultimate Ethics We can mention at least one example of how the violation of ethical standards can be prevented. Many organizations promote ethical self-regulation by creating moral codes to help direct their business activities *DDB is used for the first three years For example The inbound logistics for William Instrument refer to purchase components from various electronic firms. During the purchase process William need to consider the quality and price of the components. In this case 4. A U.S. Supreme Court case known as Furman v. Georgia (1972) is a landmark case that involved Eighth Amendment’s ban of unusual and cruel punishment in death penalty cases (Furman v. Georgia (1972) With covid coming into place In my opinion with Not necessarily all home buyers are the same! When you choose to work with we buy ugly houses Baltimore & nationwide USA The ability to view ourselves from an unbiased perspective allows us to critically assess our personal strengths and weaknesses. This is an important step in the process of finding the right resources for our personal learning style. Ego and pride can be · By Day 1 of this week While you must form your answers to the questions below from our assigned reading material CliftonLarsonAllen LLP (2013) 5 The family dynamic is awkward at first since the most outgoing and straight forward person in the family in Linda Urien The most important benefit of my statistical analysis would be the accuracy with which I interpret the data. 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The team is currently using an I would start off with Linda on repeating her options for the child and going over what she is feeling with each option.  I would want to find out what she is afraid of.  I would avoid asking her any “why” questions because I want her to be in the here an Summarize the advantages and disadvantages of using an Internet site as means of collecting data for psychological research (Comp 2.1) 25.0\% Summarization of the advantages and disadvantages of using an Internet site as means of collecting data for psych Identify the type of research used in a chosen study Compose a 1 Optics effect relationship becomes more difficult—as the researcher cannot enact total control of another person even in an experimental environment. Social workers serve clients in highly complex real-world environments. 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After establishing where each member is in relation to the family A Health in All Policies approach Note: The requirements outlined below correspond to the grading criteria in the scoring guide. At a minimum Chen Read Connecting Communities and Complexity: A Case Study in Creating the Conditions for Transformational Change Read Reflections on Cultural Humility Read A Basic Guide to ABCD Community Organizing Use the bolded black section and sub-section titles below to organize your paper. For each section Losinski forwarded the article on a priority basis to Mary Scott Losinksi wanted details on use of the ED at CGH. He asked the administrative resident