BUSM 4160 Managerial Finance Assignment 代写

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    • BUSM 4160 Managerial Finance Assignment 代写


    Managerial Finance
    BUSM4160
    Semester 1 2017
    Assessment Task 1
     
     
    As stated in the Course Guide, there are four mini-assignments assignments that will be distributed throughout the semester. Of these the student’s best three will be included to provide 25% of the total grade for this course.
     
    Students are expected to present this assignment as a business intelligence brief.
    This means it must include an introduction and statement of problem, conclusion and be properly referenced using the Harvard Style. The report must be of a standard commonly expected in the commercial world in relation to grammatical correctness, fluency and style.  The assessment criteria for the report is as follows:
    Content: Relevance of Intelligence Brief 20%
    Analysis 25%
    Conclusion 15%
    Sources and Evidence 15%
    Organisation and Logic 10%
    Control of Syntax and Mechanics 10%
    Harvard Referencing 5%
     
     
    A detailed rubric for these assessment criteria is provided in Blackboard
     
    Mini-Assignment 3
     
    Due: Load in Turnitin  11April at 5.30pm
       
    Submission process: Upload into Turnitinwithout cover sheet.
       
    Referencing: Harvard style. Please cite all references.
       
    Words: 750, excluding cover sheet
     
    An investment club is a group of people who decide to pool their money and then to invest their money as a group. Very often the way that such a group is set up is for the members of the club to form a legal partnership.Usually, investment clubs are organized so that the members study different investments and then the group decides to buy or sell various investment productsbased on a majority vote of the members.
     
    For many members of investment clubs, this is the first time these people have invested in the financial markets, and thus these members often seek to educate themselves about aspects of the shares and bonds.
     
    Big City Financials (BCF) is a financial institution that, amongst other services, provides information to investors and potential investors. The partners of BCF have recognised that there is a niche market for providing education to investment club members and have decided to develop some educational information in response to frequently asked questions (FAQs) that can be made available to investment clubs.
     
    You are a financial analyst with BCF. You have been asked by your manager, a partner in BCF, to provide a written response to the following FAQs relating to investing in financial markets.
     
    1. Are government bonds a safe investment?
     
    1. How risky are corporate bonds as an investment?
     
    Provide a written response to the query, in accordance with the instructions for mini-assignments. Please note that the word allowance is 750 i.e. both questions must be answered so that the total number of words is 750 or fewer.
     
    Please note: the rubric for assessment for this assignment is attached.
     
    If you are interested in the idea of an investment club, here is a site that gives some useful information. However you do not need to read the information on this site to be able to do this mini assignment.
     
    fool.com/InvestmentClub/InvestmentClub05.htm     
     

      HD D C P F F--
    Content: Relevance of Intelligence Brief Answer is complete. Sufficient detail provided to support assertions. Factually correct. Answer is mostly complete. Answer focuses only on issues related to the specific question. Few and minor errors in fact. Answer is mostly complete. Answer focuses only on issues related to the specific question. Several errors in fact. Answer is brief with insufficient detail.  Unrelated issues introduced and/or multiple errors in content. Answer is incomplete. Excessive discussion of unrelated issues and/or significant errors in content. Response does not answer question.
    Analysis Organises and synthesizes evidence to reveal insightful patterns, differences or similarities related to the question. Organises evidence to reveal important patterns, differences or similarities related to the question. Organises evidence but the organisation is not effective in revealing important patterns, differences or similarities related to the question. Provides evidence but it is not organised and/or does not articulate its relationship to the question. Evidence is weak and/or its relevance to the question is ambiguous. No evidence provided.
    Conclusion States a conclusion that is a logical extrapolation from the analysis of evidence/ data presented. States a conclusion focussed solely on the analysis of evidence/data presented. States a conclusion that because it is so general also applies beyond the scope of the evidence/ideas presented. States a conclusion that is ambiguous, illogical or unsupportable based on the evidence/ideas presented. The conclusion is not related to the question. No conclusion provided.
    Sources and Evidence Demonstrates skilful use of high quality, credible, relevant sources to develop ideas that are appropriate to the question under consideration. Demonstrates consistent use of credible, relevant sources to support ideas that are appropriate to the question under consideration. Demonstrates an attempt to   use credible and /or relevant sources to support ideas that are appropriate to the question under consideration. Demonstrates an attempt to   use sources to support ideas that are appropriate to the question under consideration. Does not connect relevant sources of information to the question under consideration. No sources provided.
    Organisation and Logic Exceptionally clear and logical presentation. Elegant development of arguments. Transitions are made clearly and smoothly. Clear and logical presentation. Good development of arguments. Transitions are made clearly and smoothly. Clear presentation. Some development of arguments. Transitions are made clearly. Some problems in organisation/logic. Needs work on creating transitions between ideas. No logical order to the information provided. Rambling sentences. Ideas are repeated. Organisation of argument weak and not understood by reader.
    Control of Syntax and Mechanics Sophisticated use of formal business English. Concise and precise writing. Error-free sentence-level grammar and punctuation; broad and fluent range of vocabulary.  Correct use of business terms.  Correct spelling. Proficient use of formal business English.  Concise and precise writing.  Error-free sentence-level grammar and punctuation; broad and fluent range of vocabulary.  Correct use of business terms.  Correct spelling. Proficient use of formal business English.  Broad and fluent range of vocabulary.  Correct use of business terms.  Occasional spelling mistake. Occasional errors in grammar and punctuation. Occasional wordiness. Limited range of vocabulary.  Correct use of business terms.  Several errors in spelling, grammar and. punctuation. Writing lacks precision and formality. Very limited range of vocabulary. Incorrect use of business terms, or business terms not used. Many in spelling, grammar punctuation. Writing lacks precision and formality. Attempts at simple sentences often not successful; many grammatical errors; simple vocabulary, often inappropriately used; no attempt to use business terms; wordiness and lack of formality throughout.
    Harvard Referencing All relevant aspects of Harvard style referencing are used correctly, including the use of in text citations and the format of the reference list. Relevant aspects of Harvard style referencing are mostly used correctly, including the use of in text citations and the format of the reference list. Infrequent errors of a minor nature only. Attempted to use Harvard style but frequent errors including errors in citations and reference list. Minimum use of the Harvard style and/or multiple errors in its use. Harvard style not adopted and referencing inconsistent,. No referencing provided.
     


    BUSM 4160 Managerial Finance
    Group Assignment
    Semester 1 2017
    Scenario
    It is 1 March 2017.
    New Gotland is a sovereign country and enjoys a strong economic climate. Politically, it is stable and its citizens have a good standard of living. From a business perspective, both for-profit companies and not-for-profit entities are regulated appropriately.  The country has adopted International Financial Reporting Standards (IFRS) and thus its accounting standards are aligned with more than 100 countries, including the European Union and by more than two-thirds of the G20.
    New Gotland has a strong currency – the New Gotland Dollar (NG$). The New Gotland banking system is robust, with five major banks operating in the country.  The consumer price index (CPI) for the past ten years has averaged 2.8%. New Gotland’s corporate income tax rate is 25%. There is no capital gains tax.
    New Gotland has four major metropolitan areas. One of these metropolitan areas is the area known as greater Darlington. Darlington itself is a city of 100,000 people. However, Darlington has a large suburban area, with greater Darlington having a population in excess of 1 million people.
    LuciLindgren Pty Ltd, trading as Luci Lindgren, is a for profit company operating in New Gotland.  The core business of this company is running beauty therapy salons. At present Luci Lindgren operates three salons in the suburbs of Darlington and now has the opportunity to open a fourth salon in the suburb of Orange Grove.
    Luci Lindgren has undertaken an initial feasibility study,costingNG$20,000.
    If Luci Lindgren goes ahead with the new salon, Luci Lindgren has established that it will extend its present mortgage byNG$200,000.  It has already established that there will be no change in interest rate for the mortgage if the loan in increased.
    Your team is a consulting company. Luci Lindgren has commissioned your consulting company to provide financial analysis of this business opportunity, and to provide a recommendation based on this analysis. As well Luci Lindgren’s management recognize that they have limited understanding of the key ideas involved in such financial analysis, and require an explanation, in simple English, of these ideas.  Your explanation of key financial ideas, your analysis and your recommendation are to be presented in a written report.

     
     
    Details of Luci Lindgren’s present operations
    Luci Lindgren presently operates in three locations: Blue Hills, Greenslopes and Mount Crimson. At each salon it offers three types of beauty therapy –
    (i) manicures/pedicures, (ii) massage and (iii) skin therapies.
    Each salon is set up with ‘stations’. There are three types of stations – one for each type of therapy. Each therapy can be carried out only at an appropriate station e.g. massages can only be carried out at a massage station. For the three salons presently held, the set-up of stations is set out in the table immediately below.
    Suburb Number of stations Manicure/pedicure stations Massage stations Skin Therapies stations
    Blue Hills 5 2 1 2
    Greenslopes 6 2 2 2
    Mount Crimson 7 2 2 3
     
    Luci Lindgren has accurate records of patronage of these salons over the past two years, and thus usage statistics for these stations is available. This data is set out below:
     
    Suburb Number of stations Manicure/ pedicure stations - % in use Massage stations % in use Skin Therapies stations % in use
    Blue Hills 5 65% 55% 70%
    Greenslopes 6 70% 45% 75%
    Mount Crimson 7 80% 50% 65%
     
    The operating hours for each salon are the same and are as set out in the table immediately below. These operating hours are representative of the beauty therapy industry.
    Monday Closed
    Tuesday 11am – 6pm
    Wednesday 11am - 6pm
    Thursday 10am - 9pm
    Friday 10am – 9pm
    Saturday 7am – 4pm
    Sunday 11am – 4pm
     
    Staffing:
    Each of the salons has a manager and an assistant manager, both working 35 hour weeks.  Each of these people carries out some management tasks but also takes on beauty therapy tasks. Details regarding these roles are given below (New Gotland dollar values are as at 1 January 2017):
    Suburb Manager salary % manager time on management Assistant manager salary % assistant manager time on management
    Blue Hills $45,000 20% $42,000 10%
    Greenslopes $46,000 25% $42,000 15%
    Mount Crimson $46,500 25% $42,500 15%
     
    The salaries quoted do not include the compulsory pension levy (CPL). The CPL legislation means that an employer must pay 8% of each person’s earnings into that person’s pension account
    Each manager and assistant manager is entitled to 4 weeks annual leave, and 10 days sick leave.
    All other workers are beauty therapists employed on a casual, hourly, basis at an hourly rate of NG$22. These people are not entitled to annual leave or sick leave, but do have to be paid the CPL. Given the nature of the business, it is always possible to employ staff to cover expected demand. There is no minimum time for which staff must be employed i.e. a worker can be employed for just one hour.
    It is Luci Lindgren’s policy to always have a manager or an assistant manager in attendance at all times. When either the manager or the assistant manager is on annual leave, one of the beauty therapists employed on a casual basis is asked to act in a management capacity and is paid at the rate of NG$30 per hour (1 January 2017 amount).
     BUSM 4160 Managerial Finance Assignment 代写
    Details for business opportunity
    Information from the feasibility study:
    Whilst Luci Lindgren has purchased premises for the Blue Hills and the Greenslopes salons, it does not wish to purchase any further buildings. There are suitable premises available for rental for this new venture. The rental price per week as at 1 January 2017 is NG$2,500. These premises are set up to be immediately suitable for a salonwith six stations. At least two stations must be manicure /pedicure stations, and also there must be at least one massage station and one skin therapies station. Some signage and branding would be needed, at an estimated cost of NG$8,000. The New Gotland Tax Office (NGTO) has ruled that rental and set up costs are to be considered expenses from a tax perspective.Luci Lindgren would need to pay a deposit of NG$15,000 for this rental property, with the amount being returned at the end of the rental period if the property is in the same condition (less normal wear and tear) as it was at the beginning of the rental period.
    Luci Lindgren would need to buy furniture and equipment for the salon and for each station. The estimated costs for these items are set out below (all amounts are New Gotland dollars):
    Item type Salon Manicure/ pedicure station Massage station Skin Therapies station
    Furniture $5,000 $800 $6,000 $3,000
    IT equipment $500     $1,500
    Beauty therapy equipment   $3,000   $6,000
     
    The NGTO has ruled that furniture is to be depreciated over 10 years, and that beauty therapy equipment is to be depreciated over 5 years. IT equipment may be expensed immediately if the purchase price is less thanNG$2,000, otherwise the depreciation period is 3 years.
    The feasibility study has established the following price and cost data for the proposed salon:
    Fixed costs per year- NG$60,000 (1 January 2017 dollar value). This fixed costs covers, amongst other items, cleaning, electricity and water use.
    The table below sets out details regarding each treatment type.
     
      Manicure/ pedicure Massage Skin Therapies
    Average time of treatment 40 mins 30 mins 20 mins
    Variable cost per treatment (not including labour costs) NG$4 NG$2 NG$5
    Average price per treatment NG$35 NG$40 NG$25
    (all amounts in the above table are at January 1 2017 value)
    It is expected that this business opportunity has a horizon of 10 years.
    After the first 5 years, there would be a refurbishment. The existing furniture would be sold, and the beauty therapy and IT equipment would be donated to charity.  Whilst the owner of the property is responsible for maintenance, Luci Lindgren would spend $10,000 (January 2017 values) in signage, branding and general updating. All furniture and equipment would be updated.
    Economic data:
    The corporate tax rate is 25%.
    The CPI has averaged 2.8% per annum over past 5 years
    The property index for New Gotland suburban areas has averaged 4.0% over the past 10 years.
    The property index for New Gotlandrural areas has averaged 3.2% over the past 10 years.
    For investment analysis, Luci Lindgren Pty Ltd has previously used the payback approach. However, your consulting business knows this approach is inappropriate. An excerpt for Luci Lindgren’s Balance Sheet as at 31 December 2016 is set out below.
    Limited balance sheet
    Assets  NG$2.6 million                         Debt       NG$1.76 million
                                              Equity    NG$0.84 million.
                                                    
    The debt consists of a mortgage on the Blue Hills and Greenslopes premises  of $1.66 million  at 6.9% per annum  compounding daily, and an interest only loan at an annual rate of 8.1% per annum compounding monthly.
    From previous consulting work for the beauty therapy sector, and taking into account the proposed borrowings, you have already estimated Luci Lindgren’s beta as 1.25
    New Gotland short term treasury securities are currently selling at a yield of 4% per annum. The market premium is estimated as 8%.
    Notes:
    ·         Assume all income and expenses are recognized in the year in which the respective items occur.
    ·         Assume the tax cash flow (payable or saving) occurs at the end of the year in which the tax income and expenses are recognized.
    ·         Assume all income and expenses are indexed unless advised or implied otherwise.
    ·         Calculations to the nearest $100
    ·         You will need to estimate the discount rate (required rate of return) rounded to the nearest 0.5% per annum allowing for the effect of gearing to finance the project.
     

     
    Assignment requirements
     
    This assessment contributes 25% to total assessment for this unit. 
    The assignment is to be done as a part of a group of 3 or 4 students.
    Your paper must be submitted via Blackboard / Turnitin by 11.59 pm (Australian Eastern Daylight Time) on the due date Tuesday 2May 2017. This paper is not to have the university cover sheet attached.
    An official university assignment cover sheet is to be signed by all group members and provided to the lecturer during  lectures on 1 / 2May 2017.
    The assignment is to be presented as a business report from your consultancy company toLuci Lindgren’s Board. This report needs:
    ·         Page numbering
    ·         Informative heading and sub-headings
    ·         Numbered sections
    ·         Labeled graphs and tables (if used)
    ·         Executive summary
    ·         Table of contents
     
    The report is to be referenced using Harvard style referencing (author-date).
    The report should use a font / fonts suitable for business communication. 
    The word limit for this assignment is 3000 words. However students need to be aware that volume is not an indicator of quality, and the report may be considerably shorter than this word limit and be of excellent quality. A concise, relevant and visually appealing paper is essential for business communication.
    The word count does not include the words in the executive summary, the table of contents or any appendices.
     
    The report must have an appendix giving evidence of how the group worked together to produce this report. Evidence may include, but is not limited to:
    ·         Records of group meetings
    ·         Chronology of contributions by each group member
    ·         Table setting out contributions to the development of the report by each group member.
    ·         File notes of discussions between group members. These file notes can be extremely brief.
     
    To assist you as you work on this assignment, there will be a Discussion Board forum on Blackboard where general questions can be asked. As well each group with have its own Blackboard space, which will also be available to the Lecturer.  Each group may use this space to discuss issues with the lecturer. These discussions will be private to the group.
     
    It is strongly recommended that each group discuss with the lecturer, before starting the assignment, as to how the group is going to work together.
     
    Assessment breakdown:
     
    Statement of business problem           5%
    Explanation of finance ideas                  15%
    Quality of assumptions                     10%
    Analysis of both proposals                35%
    Recommendation                            5%
    Executive summary                             5%
    Quality of business writing                 5%
    Overall presentation  / visual appeal           5%
    Referencing                                       5%
    Meets specified requirements            5%
    Quality of group work                       5%
     
    The following rubric will be used to grade the report.

      HD D C P N N--
    1. Statement of business problem The purpose and objective of the report is made clear, in a focussed and logical manner. Writing is businesslike, precise and elegant. The purpose and objective of the report is made clear, in a focussed and logical manner. Writing is businesslike and precise.  The purpose and objective of the report is made clear.  Writing is precise and business like. The purpose and objective of the report is made clear.  Writing lacks precision, or does not use an appropriate business style. The purpose and objective of the report is not made clear.  Not done
    2. Explanation of finance ideas All major finance ideas relevant to the report are explained. Explanations are precise, elegant and show deep understanding of the concepts. All major finance ideas relevant to the report are explained. Explanations are precise, clear and show good understanding of the concepts. All but one or two major finance ideas relevant to the report are explained. Explanations show good understanding of the concepts. All but one or two majors finance ideas are explained. Explanations show fair understanding of the concepts.  Several key finance ideas relevant to the report are not explained. Explanations show significant misunderstanding of the ideas. Not done
    3. Quality of assumptions All assumptions are set out clearly, either in the main body of the report or in an appendix. All assumptions are reasonable. The assumptions form a coherent set. All assumptions are set out clearly, either in the main body of the report or in an appendix. All assumptions are reasonable. All assumptions are set out clearly, either in the main body of the report or in an appendix. Most assumptions are reasonable. Most assumptions are set out clearly, either in the main body of the report or in an appendix. Most assumptions are reasonable. Many assumptions not specifically stated. Several situations where assumptions are contradictory. Assumptions not provided.
    4. Analysis of both proposals Analytical approach is appropriate for the situation.  Relevant cash flows are estimated appropriately. The appropriate discount factor is used.  Spreadsheet analysis, with appropriate labels and headings is set out in an appendix. There is judicious selection of variables for sensitivity analysis. The written commentary is of exceptional clarity, and includes references to assumptions and explanation of sensitivity analysis. Analytical approach is appropriate for the situation.  Relevant cash flows are estimated appropriately. The appropriate discount factor is used.  Spreadsheet analysis, with appropriate labels and headings is set out in an appendix. There is selection of variables for sensitivity analysis. The written commentary is clear, and includes references to assumptions and explanation of sensitivity analysis. Analytical approach is appropriate for the situation.  Relevant cash flows are estimated appropriately. The appropriate discount factor is used.  Spreadsheet analysis, with appropriate labels and headings is set out in an appendix. There is limited sensitivity analysis. The written commentary is clear, and includes references to assumptions and explanation of sensitivity analysis. Analytical approach is appropriate for the situation.  Relevant cash flows are estimated appropriately. The appropriate discount factor is used.  Spreadsheet analysis, with appropriate labels and headings is set out in an appendix.  The written commentary is clear, and includes references to assumptions. Analytical approach is appropriate for the situation.  Relevant cash flows are estimated inappropriately. An  inappropriate discount factor is used.  Spreadsheet analysis has significant gaps. The written commentary is not relevant to the situation. Analytical approach is not appropriate for the situation.
    5. Recommendation Recommendation relevant and accurately portrays the key findings of the analysis. Recommendation logically flows from the report in a manner evident to reader. Recommendation is precise and written in excellent business style. Recommendation relevant and accurately portrays the key findings of the analysis. Recommendation logically flows from the report in a manner evident to reader. Recommendation is precise and written in very good business style. Recommendation relevant and portrays the key findings of the analysis.  Recommendation is precise and written in an adequate business style. Recommendation relevant and portrays the key findings of the analysis. Recommendation does not portray the key findings of the analysis. Not done
    6. Executive summary Document accurately and succinctly summarises contents of report. All essential details are included. Document is organised logically. Document contains no more than one page. Writing is of exceptional quality. Document accurately and succinctly summarises contents of report. All essential details are included. Document is organised logically. Document contains no more than one page. Writing is of very good quality. Document accurately and succinctly summarises contents of report. All essential details are included.  Document contains no more than one page. Writing is of adequate quality. Document summarises contents of report. Most essential details are included.  Many essential details not included. Not done
    7. Quality of business writing Sophisticated use of formal business English. Concise and precise writing. Error-free sentence-level grammar; broad and fluent range of vocabulary.  Correct use of business terms.  Correct spelling. Proficient use of formal business English.  Concise and precise writing.  Error-free sentence-level grammar; broad and fluent range of vocabulary.  Correct use of business terms.  Correct spelling. Proficient use of formal business English.  Broad and fluent range of vocabulary.  Correct use of business terms.  Occasional spelling mistake. Occasional errors in grammar and punctuation. Occasional wordiness. Limited range of vocabulary.  Correct use of business terms.  Several errors in spelling, grammar and. punctuation. Writing lacks precision and formality. Very limited range of vocabulary. Incorrect use of business terms, or business terms not used. Many in spelling, grammar punctuation. Writing lacks precision and formality. Attempts at simple sentences often not successful; many grammatical errors; simple vocabulary, often inappropriately used; no attempt to use business terms; wordiness and lack of formality throughout
    8. Overall presentation / visual appeal Format and layout make the report exceptionally attractive, drawing attention to the content, and enhancing readability. Format and layout make the report attractive, drawing attention to the content, and enhancing readability. Minor problems in format and layout, but readability and attractiveness are not affected. Several problems in format and layout, but the report is easy to follow. Formatting is repeatedly inconsistent. Layout is unattractive e.g. poor use of white space, poor pagination. Formatting is repeatedly inconsistent. Layout is unattractive e.g. poor use of white space, poor pagination. Report is difficult to read.
    9. Referencing Perfect referencing throughout the report using author-date style. Reference list includes all references in alphabetical order. Each reference in the list is appropriately formatted. Perfect referencing throughout the report using author-date style. Reference list includes all but one or two  references in alphabetical order. Each reference in the list is appropriately formatted. Referencing using author-date style, but a few errors in referencing within report. Alphabetical reference list omits a few references. There are a few minor errors in the formatting of references in the reference list. Referencing using author-date style, but several errors in referencing within report. Reference list omits several references . Individual references in the reference list have some formatting errors. Referencing does not use using author-date style appropriately. Reference list omits significant proportion of references.   No referencing provided.
    10. Meets specified requirements The report includes all required components and follows formatting guidelines for layout (headings and numbering), spacing, alignment, etc. The report is particularly sharp and concise. The report includes all required components and follows formatting guidelines for layout (headings and numbering), spacing, alignment, headings, etc. The report is not padded with unnecessary detail. Most  required components are included; and mostly  formatting guidelines for layout (headings, numbering), spacing, and alignment are  followed. Some required components are included; formatting guidelines for layout (headings), spacing, and alignment are sometimes followed. Required components are mostly absent. No requirements are met.
    11.Quality of group work The appendix to the report provides evidence of excellent cooperation during the analysis of the business problem and the production of the report. All members of the team contribute to the analysis and report production. The appendix to the report provides evidence of cooperation during the analysis of the business problem and the production of the report. All members of the team contribute to the analysis and report production. The appendix to the report provides evidence of minor issues cooperation during the analysis of the business problem and the production of the report. All members of the team contribute to the analysis and report production. Evidence of group work shows major lack of cooperation between group members, or shows that one or more members of the team did not contribute to either the analysis of the situation or the production of the report. Evidence of group work shows a most significant lack of cooperation between group members, or shows that one or more members of the team did not contribute to either the analysis of the situation or the production of the report. No evidence of group work provided in an appendix to the report.
     
     BUSM 4160 Managerial Finance Assignment 代写