Finance

As drug manufacturers, such as Moderna and Pfizer, develop new drugs for treatment of COVID-19, they must conduct human testing in order to determine the effectiveness of the drug. This is required under the Food and Drug Administration before they will allow the drug to be prescribed and sold. Often these drug companies contract with an outside medical testing facility to administer these drugs, with close medical guidance, to monitor and report on the drug’s effectiveness. The drug manufacturer will contract with the medical facility to administer the drug for a certain number of weeks to a certain number of patients. Assume that the manufacturer will pay the medical facility a fee per patient per weekly visit over a nine-month trial period. The fee will be billed by the facility and paid by the drug manufacturer at the conclusion of the test period. When do you think that the medical facility should recognize their revenue? —–when the contract is signed, when the patient weekly visit occurs, when the drug manufacturer is billed, or when the medical facility receives the cash?  Defend your selection.  Why would it be important that other companies engaged in the same business report their revenue in the same manner?

Select 4 similar size public companies in the same industry. The company’s size can be measured by total assets or total sales. Obtain the most recent financial statements of these companies, apply Du Pont Formula and write a report to summarize your findings and conclusion. Your report should include: Brief background about the industry and the companies selected. Calculations of return on asset and return on equity for each company. Ascending rank of the companies based on Du Pont Formula. Discussion on whether the stock market price for these companies matches and confirms Du Pont Formula rank. Conclusion and opinion about the reliability of Du Pont Formula.

Answer the following questions in a separate document. Explain how you reached the answer or show your work if a mathematical calculation is needed, or both. Submit your assignment using the assignment link. Please respond to the following: In your own words, identify two different stock exchanges in the United States. Describe the similarities and differences between the two stock exchanges. Identify one stock from each of the two stock exchanges. Using the two stocks you identified, determine the free cash flow from 2015 and 2016. What inference can you draw from the companies’ free cash flow? Using the 2017 and 2018 financial statements for both stocks, prepare two financial ratios for each of the following categories: liquidity ratios, asset management ratios, and profitability ratios. You should have a total of six ratios for each stock, per year. What challenges, strengths, or weaknesses do you see?

Consider a new piece of equipment that your company (or a company with which you are familiar) will most likely need to purchase in the future. What types of information would help you determine the added value to your company of the purchase as well as the various costs involved? Evaluate and select one of the investment criteria methods from Chapter 9 of the course text to assist you in the decision-making process to purchase that piece of equipment for your employer. Prepare a recommendation that focuses on the investment value of the purchase. 1-Briefly describe the new equipment purchase. 2-Defend your decision using specific financial analysis, selecting from the various investment criteria methods

please choose scholarly sources, full question  below Following the Enron debacle, which resulted in employees losing 100% of their 401(k), Congress enacted new laws to protect investors in various areas, including appropriations of pension funds. In your view, should employees take responsibility for their pension fund investments instead of going through the employer? Support your position with examples and scholarly sources.

The debate about regulation of financial markets has been going on for decades and will continue especially during times of financial crises. Often, the push for regulation is fueled by people’s attitudes that the “insiders” of financial markets have access to unique information. This unique information allows “insiders” to take actions which lead to their own benefit, but may hurt society at large. In the article “Reflections on Finance and the Good Society,” Nobel laureate economist Robert J. Shiller states that “As long as we live in a Good Society that respects and encourages all people, we can tolerate the riches of some people, who have won in a game that most of us have chosen not to play.” In this week’s Discussion you will reflect upon and critique this statement. Consider the following: What is the proper definition of a “good society,” not only as defined in the article by Shiller? Is it true that financial power holders are able to “manipulate” financial markets, or is that a myth? How would you assess what is the proper level of regulation for the financial markets?

You are a new staff accountant at Worldwide Consulting, a global accounting firm that specializes in providing consulting services to companies both domestic and global. As part of your new responsibilities, you have been instructed to review SEC proposed rules to determine whether they should be commented on.  Visit the Securities and Exchange Commission (SEC) website at www.sec.gov . Go to the Regulation menu, and the Proposed Rules submenu.  Review and identify a recent proposed rule, as well as any comments that have already been submitted on this proposal.  Respond to the following: 1.     The major facts of this proposed rule. 2.     A summary of the current comments on this proposal. 3.     Your opinion about the proposal. That is, do you agree or disagree with the SEC’s proposal and why or why not? 4.     Provide examples to support your opinion. A substantive initial post should answer the question presented completely and/or asks a thoughtful question pertaining to the topic

Please find a good topic for a research proposal about the international financial institutions (World Bank, International Monetary Fund (IMF) as an example ) and their policies in third world countries, and take one of the MENA region countries as a case study. 

After several rounds of interview, you are successfully appointed as the CFO of the Company. The Company has enjoyed considerable success in recent years and the board of directors have decided to adopt a growth strategy by making further investment in their current production line and acquiring an existing company in their industry. As the newly appointed CFO of the Company, you are tasked to evaluate the performance of the Company and prepare a report to the board of directors with evaluation of the potential investment opportunities. The first investment under consideration is to make further investment in their current product, which needs initial investment between £40,000,000 and £50,000,000 and has a life of 10 years. The finance department appraised some other similar investments before using different investment appraisal techniques. At the same time, the Company plans to acquire another company in the same industry in the near future. However, the board of directors require more information for the potential target. You are tasked with the responsibility of identifying a potential target company and preparing a report to the board of directors justifying the choice of a target company and potential implications from mergers and acquisitions. Required: Suppose you are successfully appointed as the CFO for ONE of the listed companies below. Burberry Group PLC As the newly appointed CFO of your chosen company, you are required to write a report to the senior management team – fully referenced, and address the following: 1. Evaluate financial performance: Choose FOUR categories from the list of five categories of financial ratios below and use ONE financial ratio from each category to assess the financial health of your chosen company using past 5-year financial information: a. Profitability b. Efficiency c. Liquidity d. Financial gearing e. Investment Note: Analyse your chosen financial ratios using information from financial statements. Considering word limit, please choose ONE financial ratio from FOUR different categories listed above; therefore, you should focus on four ratios in total in this part of analysis. Critical analysis of the four ratios under four categories is required for a good work. Please critically evaluate past five-year firm performance, i.e., 2015-2019, using your chosen ratios and discuss the problems and limitations of financial ratios as a tool of financial analysis before make recommendation to the board of directors. Create your own small tables, diagrams and charts in your analysis and present professionally. Financial ratios can be collected using Osiris and Fame through ARU library (https://anglia.libguides.com/az.php?a=o), annual reports or other professional resources. Compare with competitors and industry will be helpful. Suggested word: 750-850 words. 2. Investment appraisal: You plan to use NPV and IRR techniques to evaluate the project. Critically discuss NPV and IRR techniques and the implications of the investment on the Company. Risk and uncertainty in investment appraisal should be considered before you make recommendation. The discount rate is 12% for the Company (Ignore inflation and taxation). Note: Please present NPV and IRR results using small tables. You need to make decision on which investment appraisal format that you will choose. The project will be based on your chosen company, therefore, you have the flexibility to decide the project using your ESTIMATE. The investment should be around £40m to £50m, but how the money is invested would depend on the nature of the investment. Sensitivity analysis will be helpful to analyse different scenarios for the appraisal. Suggested word: 600-750 words. 3. Potential acquisition: After you identify a potential target company, you will address the following in your report to the senior management team: a. Rationale for choosing the target company b. The synergistic gain of the acquisition for the Company c. Proposed deal value and finance of the acquisition d. The potential implications of such acquisition on firm performance e. Challenges and risk assessment of the acquisition Note: Based on analyses of your chosen company, please identify a target company in the real business world. Good work will provide critical analysis of the deal, rather than provide some general discussion without in-depth analysis. Good work will also link potential implications from the deal with your chosen financial ratios discussed in the financial performance section. Suggested word: 800- 900 words. 4. Appendix: Supporting information to help the senior management team make their final decision. Present your own tables and do NOT copy and paste annual report in your appendix.

Did the bailouts help or hurt the economy? Do you support the idea of the government stepping in to help companies in trouble? Could this promote the moral hazard problem? Fully explain and support your response. What are some of the major bailouts of recent? How are those company’s currently fairing?