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14business Questions And One Discussion
Please answer the questions of following chapters in detail with citing the textbook (we using APA citing, means just add it at the end of your assignment). or other research sites.
Please answer Discussion questions of following chapters in detail with citing the textbook or other research sites:
Chapter 4, discussion questions #1,2,3,4,5, pg #129
Chapter 5 – assignment: Discussion questions #1,2,3,4 pg 157
Chapter 6 assignment, Discussion questions #1,2,3,4,5, pg184
Due before 11:55 PM on 06/29
Sample of citing:
Works Cited
Journal, The Wall Street, Stephen Gosling, and Women Impacting Public Policy. “Should the Small Business Administration Be Abolished?” The Wall Street Journal. Dow Jones & Company, 20 Mar. 2012. Web. 27 Feb. 2017.
Pride, William M., Robert James Hughes, and Jack R. Kapoor. Foundations of business. Boston: Cengage Learning, 2016. Print.
“The pros and cons of independent business ownership and franchises.” Guidant Financial | The pros and cons of independent business ownership and franchises. Guidant Financial, N.p., n.d. Web. 27 Feb. 2017.
One Discussion
This week’s class forum discussion:
Do you think the management needs to encourage their companies to have joint ventures with other companies or other countries and why?
You must cite your answers and your answeers no shorter than two complete paraghraphs.
The Thompson Corporation Projects An Increase In Sales From $1.5 Million To $2 Million
Fin 650, Chapter 16 16-6 Snider Industries sells on terms of 2/10, net 45. Total sales for the year are $1,500,000. Thirty percent of customers pay on the 10th day and take discounts; the other 70% pay, on average, 50 days after their purchases.
a. What is the days sales outstanding?
b. What is the average amount of receivables?
c. What would happen to average receivables if Snider toughened its collection policy with the result that all nondiscount customers paid on the 45th day?
(16-10) The D.J. Masson Corporation needs to raise $500,000 for 1 year to supply working capital to a new store. Masson buys from its suppliers on terms of 3/10, net 90, and it currently pays on the 10th day and takes discounts. However, it could forgo the discounts, pay on the 90th day, and thereby obtain the needed $500,000 in the form of costly trade credit.
What is the effective annual interest rate of this trade credit?
(16-11) Negus Enterprises has an inventory conversion period of 50 days, an average collection period of 35 days, and a payables deferral period of 25 days. Assume that cost of goods sold is 80% of sales.
a. What is the length of the firm’s cash conversion cycle?
b. If Negus’s annual sales are $4,380,000 and all sales are on credit, what is the firm’s investment in accounts receivable?
c. How many times per year does Negus Enterprises turn over its inventory?
(16-12) Strickler Technology is considering changes in its working capital policies to improve its cash flow cycle. Strickler’s sales last year were $3,250,000 (all on credit), and its net profit margin was 7%. Its inventory turnover was 6.0 times during the year, and its DSO was 41 days. Its annual cost of goods sold was $1,800,000. The firm had fixed assets totaling $535,000. Strickler’s payables deferral period is 45 days.
a. Calculate Strickler’s cash conversion cycle.
b. Assuming Strickler holds negligible amounts of cash and marketable securities, calculate its total assets turnover and ROA.
c. Suppose Strickler’s managers believe the annual inventory turnover can be raised to 9 times without affecting sales.What would Strickler’s cash conversion cycle, total assets turnover, and ROA have been if the inventory turnover had been 9 for the year? (16-16) The Thompson Corporation projects an increase in sales from $1.5 million to $2 million, but it needs an additional $300,000 of current assets to support this expansion. Thompson can finance the expansion by no longer taking discounts, thus increasing accounts payable. Thompson purchases under terms of 2/10, net 30, but it can delay payment for an additional 35 days—paying in 65 days and thus becoming 35 days past due—without apenalty because its suppliers currently have excess capacity. What is the effective, or equivalent, annual cost of the trade credit?
The Gig Economy
The Gig Economy
Worth 220 points
Uber is largely hailed as the advent of the gig economy, which is the idea that people will not work for any one employer, but instead will work on projects for any variety of companies desiring their services. While creating a new type of entrepreneurship for individuals, it raises a host of new legal questions for companies around the law of agency.
An investment firm has asked you to evaluate Uber’s legal exposure for the conduct of its drivers.
Write an interoffice memo in which you:
- Summarize the main principles of agency law and the term “scope of employment.” How is this term applicable when it comes to Uber and its business and the liability for its drivers?
- Recently, an Uber driver lost control and killed his passengers. The driver was drunk. Should Uber be liable for the conduct of its driver in this situation? Why or why not? Use the law of Agency to back up your argument.
- Identify the steps Uber should take to limit its legal exposure for the conduct of its drivers.
- Use at least three (3) quality resources in this assignment, one being the textbook. Note: Wikipedia is not an acceptable reference and proprietary Websites do not qualify as academic resources.
Your assignment must follow these formatting requirements:
- Your Memo should include a heading, summary statement, background and recommendations. See the link for information on formatting. https://owl.english.purdue.edu/owl/resource/590/04/
The specific course learning outcomes associated with this assignment are:
- Analyze and apply the concepts of ethical decision making, corporate governance and corporate social responsibility.
- Analyze and evaluate Agency Law pursuant to the employer and employee.
- Analyze and evaluate laws and regulations relative to product safety, liability and representations.
- Write clearly and concisely about law, ethics, and corporate governance using proper writing mechanics.
