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FIN 336: Final Project Presentation Guidelines and Rubric For multinational businesses

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FIN 336: Final Project Presentation Guidelines and Rubric For multinational businesses, transaction exposure can cause the devaluing of a contract due in a later time period and change the overall profit or loss of a project. Create a presentation to incorporate the knowledge gained and information presented in the previous research, interview, and milestones to explain how a company may break into global enterprise by gaining a new contract, whether the organizational structure and business objective play a part in the company’s entrance to international trade, how transaction and other exposures play a part in the success or failure, types of domestic and international financing options for the business or project, and the changes or effects of the balance of payments and trade balance between the two countries and how each may cause fluctuations of interest rates, exchange rates, and the overall cost of the venture. Include an example of purchasing power parity, types of possible arbitrage, and how this company will decide if the potential profits are worth the risks. Keep in mind that this is your final project for this course. It should include all concepts covered in this course, extreme detail about historical trade between China and the United States, and your opinion of what the future may hold between these two countries. Utilize as many details as possible into this project, but do not copy the same information previously submitted in the course. The project is divided into three milestones, which will be submitted at various points throughout the course to scaffold learning and ensure quality final submissions. These milestones will be submitted in Modules Two, Four, and Five. The final submission will occur in Module Seven. The final presentation should be a minimum of 10–12 slides in Prezi, video, or other tool, including a title slide and reference slide. The APA style format must be used when citing and referencing information provided. Provide your name, course number, a title to the paper, and headers and footers where applicable. Course Outcomes In this assignment, you will demonstrate your mastery of the following course outcomes:  Recognize the objectives, risks, and expansion opportunities of multinational corporations  Analyze the tools used for direct and indirect intervention of the foreign exchange market in regard to fluctuating exchange rates  Identify the use of a financial intermediary when utilizing forward contracts, cross exchange rates, swap rates, currency, Euro Credit, and Eurobonds  Assess changes in exchange rates, the effect on an import-dependent country, and how they may be used as an adjustment tool  Explain the difference between transaction and translation exposure  Examine the effective interest rates effect when financing international trade (methods of payment, factoring, short-term bank loans, banker’s acceptance, forfeiting, countertrade)  Evaluate the cost of capital for multinational corporations and how costs may change or validate the selection of investment projects Milestones Milestone One: Balance of Trade This milestone is submitted in Module Two. Specifically address the following questions:  Explain how trade balance, interest rates, and exchange rates are related, and cite an example of how a rise or fall in one changes the others.  Does a deficit in China or the United States change the overall advantage or disadvantage of trade? Why?  Explore how the cost and quantity of imports and exports, such as electronic equipment, may be challenged by the rise and fall of these rates.  Incorporate the fluctuations of supply and demand into the costs incurred and decide ways management calculates estimations for further product needs.  Explain the philosophy of “international crowding out,” citing an example of how this may occur, and describe how excessive borrowing in one country has affected interest rates in the United States. As an example, China and the United States “borrow” from each other to finance needs by purchasing government-backed securities from the other country. This practice provides one country with additional funds and also gives the purchasing country more control over interest rates or “borrowing costs” in the future. How does this influence interest rates in the domestic country and foreign country? Can one country gain control over another financially by continually financing another country’s debt? This paper should be a minimum of 2 pages in length in addition to the title and reference pages. The APA style format must be used when citing and referencing information provided. Provide your name, course number, a title to the paper, and headers and footers where applicable. This milestone is graded with the Milestone One Rubric. Milestone Two: Arbitrage This milestone is submitted in Module Four. The law of one price and purchasing power parity ensure that even though exchange rates may fluctuate, a consumer will pay the same price for an item or basket of goods no matter which currency is used in a particular country. At times, an individual or business will take advantage of exchange rates to gain more value or wealth from international trade; this is called arbitrage.  Write a paper expanding the explanation of these two theories, utilizing and comparing goods purchased in China with yuan and those same goods purchased in the United States with dollars. Incorporate research to fully describe purchasing power parity and the law of one price.  Provide an example and explanation of how the possibility of arbitrage may be related to both of these concepts.  Explain the differences between covered interest arbitrage, intermarket arbitrage, and triangular arbitrage, and how the cycle of investments and cross rates played a part.  What is your opinion of this type of arbitrage as it relates to foreign exchange—is this unethical behavior or merely an investment strategy? This paper should be a minimum of 2 pages in length in addition to the title and reference pages. The APA style format must be used when citing and referencing information provided. Provide your name, course number, a title to the paper, and headers and footers where applicable. This milestone is graded with the Milestone Two Rubric. Milestone Three: Currency Market Intervention This milestone is submitted in Module Five. In this module, we are investigating why governments try to intervene in the currency market to keep values of their own currency low. This practice is used to promote the sale of goods to other countries and create additional exports. Here, the purchasing company views the lower value of the foreign currency as a bargain for purchasing goods because the lesser value purchases a larger quantity.  In expanding the research and knowledge of the ongoing relationship between the United States and China, write a paper to summarize currency market intervention and decide whether this is a useful tool. Explain your rationale.  Cite an example of how intervention has been used to benefit either of these countries and the circumstances surrounding this intervention. Did the United States or China succeed in their efforts? How is this known? Overall, do you believe this was a beneficial choice for the government and country? What data is your opinion based upon? This paper should be a minimum of 2 pages in length in addition to the title and reference pages. The APA style format must be used when citing and referencing information provided. Provide your name, course number, a title to the paper, and headers and footers where applicable. This milestone is graded with the Milestone Three Rubric. Final Presentation The final presentation is due at the end of Module Seven. You will create a presentation to incorporate the knowledge gained and information presented in the previous research, interview, and milestones to explain how a company may break into global enterprise by gaining a new contract, whether the organizational structure and business objective play a part in the company’s entrance to international trade, how transaction and other exposures play a part in the success or failure, types of domestic and international financing options for the business or project, and the changes or effects of the balance of payments and trade balance between the two countries and how each may cause fluctuations of interest rates, exchange rates, and the overall cost of the venture. Include an example of purchasing power parity, types of possible arbitrage, and how this company will decide if the potential profits are worth the risks. Keep in mind that this is your final project for this course. It should include all concepts covered in this course, extreme detail about historical trade between China and the United States, and your opinion of what the future may hold between these two countries. Utilize as many details as possible into this project, but do not copy the same information previously submitted. This submission is graded with the Final Presentation Rubric (below). Final Presentation Rubric The final presentation should be a minimum of 10–12 slides in Prezi, video, or other tool, including a title slide and reference slide. The APA style format must be used when citing and referencing information provided. Provide your name, course number, a title to the paper, and headers and footers where applicable. This activity uses an integrated rubric in Blackboard. Students can view instructor feedback in the Grade Center. For more information, review these instructions. Critical Elements Exemplary (100%) Proficient (85%) Needs Improvement (55%) Not Evident (0%) Value Breaking Into Global Enterprise Meets “Proficient” criteria and cites examples of how a company may break into global enterprise by gaining a new contract Explains how a company may break into global enterprise by gaining a new contract, supported with evidence Explains how a company may break into global enterprise by gaining a new contract; however, examples discussed may have some gaps and misinformation Does not explain how a company may break into global enterprise by gaining a new contract 25 Transaction and Exposures With Financing Options Provides in-depth analysis explaining how transaction and other exposures influence the success or failure with international trade, including types of financing options available. Citations support analysis Provides analysis that explains how transaction and other exposures influence the success or failure with international trade, including types of financing options available. Supporting evidence is provided Provides analysis that explains how transaction and other exposures influence success or failure with international trade, including types of financing options available; however, evidence cited may have some gaps and misinformation Does not provide analysis that explains how transaction and other exposures influence success or failure with international trade, including types of financing options available 20 Balance of Payments and Trade Balance; Fluctuations of Rates Meets “Proficient” criteria in assessing the changes or effects of the balance of payments and trade balance between the United States and China and how each may cause rates fluctuations and overall venture cost. Citations support conclusion Assesses the changes or effects of the balance of payments and trade balance between the United States and China and how each may cause rates fluctuations and overall venture cost. Supporting evidence is provided Assesses the changes or effects of the balance of payments and trade balance between the United States and China and how each may cause rates fluctuations and overall venture cost; however, supporting evidence may be incorrect or have some gaps and misinformation Does not correctly assess the changes or effects of the balance of payments and trade balance between the United States and China and how each may cause rates fluctuations and overall venture cost 20 Purchasing Power Parity and Arbitrage Draws insightful conclusions that are thoroughly defended with evidence and examples of purchasing power parity, possible types of arbitrage, and how the company will decide if the potential profits are worth the risks Draws informed conclusions that are justified with evidence and examples of purchasing power parity, possible types of arbitrage, and how the company will decide if the potential profits are worth the risks Draws conclusions about purchasing power parity, possible types of arbitrage, and how the company will decide if the potential profits are worth the risks, but does not defend with supporting evidence Does not draw logical conclusions about purchasing power parity, possible types of arbitrage, and how the company will decide if the potential profits are worth the risks. Does not provide supporting evidence 25 Writing (Mechanics/Citations) No errors related to organization, grammar and style, and citations Minor errors related to organization, grammar and style, and citations Some errors related to organization, grammar and style, and citations Major errors related to organization, grammar and style, and citations 10 Earned Total 100%

 
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FIN 320 Final Project Guidelines and Rubric Final Project Part I Part I Overview Business professionals

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FIN 320 Final Project Guidelines and Rubric Final Project Part I Part I Overview Business professionals typically need to demonstrate a core set of financial knowledge to earn the job and to succeed on a job. For this part of the assessment, you will be given a scenario in which you are asked to illustrate your financial management knowledge. This part of the final project addresses the following course outcomes:  Analyze the roles and responsibilities of financial managers in confirming compliance with federal and shareholder requirements  Differentiate between various financial markets and institutions by comparing and contrasting options when selecting appropriate private and corporate investments Part I Prompt You have completed an internship in the finance division of a fast-growing information technology corporation. Your boss, the financial manager, is considering hiring you for a full-time job. He first wants to evaluate your financial knowledge and has provided you with a short examination. When composing your answers to this employment examination, ensure that they are cohesive and read like a short essay. Your submission must address the following critical elements: I. Analyze Roles and Responsibilities for Compliance A. Examine the types of decisions financial managers make. How are these decisions related to the primary objective of financial managers? B. Analyze the various ethical issues a financial manager could potentially face and how these could be handled. C. Compare and contrast the different federal safeguards that are in place to reduce financial reporting abuse. Why are these considered appropriate safeguards? II. Investment Options A. If a private company is “going public,” what does this mean, and how would the company do this? What are the advantages of doing this? Do you see any disadvantages? If so, what are they? B. How do the largest U.S. stock markets differ? Out of those choices, which would be the smartest private investment option, in your opinion? Why? C. Compare and contrast the various investment products that are available and the types of institutions that sell them. Final Project Part I Rubric Guidelines for Submission: Ensure that your employment examination is submitted as one comprehensive and cohesive short essay. It should use double spacing, 12-point Times New Roman font, and one-inch margins. Citations should be formatted according to APA style. Instructor Feedback: This activity uses an integrated rubric in Blackboard. Students can view instructor feedback in the Grade Center. For more information, review these instructions. Critical Elements Exemplary (100%) Proficient (85%) Needs Improvement (55%) Not Evident (0%) Value Roles and Responsibilities: Examine Meets “Proficient” criteria and includes examples in analysis Comprehensively examines the types of decisions financial managers make, including how these decisions are related to their primary objective Examines the types of decisions financial managers make, including how these decisions are related to their primary objective, but examination is not comprehensive Does not examine the types of decisions financial managers make 15.83 Roles and Responsibilities: Analyze Meets “Proficient” criteria, and analysis indicates a clear understanding of ethical standards in finance Comprehensively analyzes the various ethical issues a financial manager could potentially face and how these issues could be handled Analyzes the various ethical issues a financial manager could potentially face and how these issues could be handled, but analysis is not comprehensive Does not analyze the various ethical issues a financial manager could potentially face and how these issues could be handled 15.83 Roles and Responsibilities: Compare and Contrast Meets “Proficient” criteria, and analysis indicates a clear understanding of federal safeguards in finance Accurately analyzes different federal safeguards that are in place to reduce financial reporting abuse, including why these safeguards are appropriate Analyzes different federal safeguards that are in place to reduce financial reporting abuse, but analysis is inaccurate or cursory, or analysis of why these safeguards are appropriate is inaccurate or cursory Does not analyze different federal safeguards 15.83 Investment: Private Company Meets “Proficient” criteria and includes examples in analysis Comprehensively compares and contrasts the advantages and disadvantages of a company “going public” versus staying private Compares and contrasts the advantages and disadvantages of a company “going public” versus staying private, but analysis is not comprehensive Does not compare and contrast the advantages and disadvantages of a company “going public” versus staying private 15.83 Investment: U.S. Stock Markets Meets “Proficient” criteria and explains choice of smartest stock market to invest private money into Comprehensively and accurately differentiates between the largest U.S. stock markets and indicates choice of smartest stock market to invest private money into Differentiates between the largest U.S. stock markets, but analysis is inaccurate or cursory or is missing choice of smartest stock market to invest private money into Does not differentiate between the largest U.S. stock markets 15.83 Investment: Compare and Contrast Meets “Proficient” criteria and includes both foreign and domestic institutions Comprehensively compares and contrasts the various investment products available and the types of institutions that sell them Compares and contrasts the various investment products and the types of institutions that sell them, but analysis is not comprehensive Does not compare and contrast the various investment products and the types of institutions that sell them 15.83 Articulation of Response Submission is free of errors related to citations, grammar, spelling, syntax, and organization and is presented in a professional and easy to read format Submission has no major errors related to citations, grammar, spelling, syntax, or organization Submission has major errors related to citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas Submission has critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas 5.02 Earned Total 100% Final Project Part II Part II Overview For this part of the final project, you will be given a scenario in which you are asked to illustrate your financial computation and analysis skills. This part of the assessment addresses the following course outcomes:  Compute financial ratios, time value, variables, and returns using industry standard tools for optimizing financial success  Analyze corporate financial data for multiple companies in evaluating past and future financial performances Part II Prompt For this section of your employment exam, you will select two companies. The first company needs to come from your TDAU thinkorswim portfolio. The second needs to be a competitor of the first company from the same industry. You will be responsible for collecting, synthesizing, and making decisions regarding both companies. After evaluating these companies’ financial data, you will then decide which company’s stock is the better investment. This section of your employment examination must be submitted in two parts. Part A will contain the workbooks that house all of your quantitative data and formulas, along with any of the information that is relevant for your chosen companies. Part B will contain your answers to the questions asked below, composed in a cohesive manner. If you are referring to data that is found within the workbooks in Part A, be sure to include a citation—for example, “rate of return is 3.570 USD (E64, WB2),” where E64 is the cell that the calculation took place in and WB2 is designating “workbook 2.” This ensures that your instructor can quickly and accurately check data entry, formula use, and financial calculations. Your submission must address the following critical elements: I. Preparing the Workbooks A. Download the annual income statements, balance sheets, and cash flow statements for the last three completed fiscal years for your chosen companies. This information must be included in your final submission. B. Prepare a worksheet for each of the companies to display their financial data for the last three fiscal years. Ensure your data is accurate and organized. Include these worksheets as a workbook in your final submission. C. Find historical stock prices for both companies and add this information to the respective spreadsheets. Consider the appropriate date range you should use. II. Three-Year Returns A. What is the three-year return on the stock price of the first company (Company A)? How is the stock performing? Ensure that you use the appropriate formula in your spreadsheets to calculate the three-year return on the given company’s stock price. B. What is the three-year return on the stock price of the second company (Company B)? How is this stock performing? Ensure that you use the appropriate formula in your spreadsheets to calculate the three-year return on your chosen company’s stock price. C. How do these two stocks compare in terms of three-year returns? What does this indicate about these two companies? III. Financial Calculations A. Using the appropriate spreadsheets, which are to be included in the workbooks, calculate the price-to-earnings ratio for the last three fiscal years of the given and your chosen companies. Be sure that you are entering and using the correct formula. B. Using the appropriate spreadsheets, which are to be included in the workbooks, calculate the debt-to-equity ratios for the last three fiscal years of the given and your chosen companies. Be sure that you are entering and using the correct formula. C. Using the appropriate spreadsheets, which are to be included in the workbooks, calculate the return-on-equity ratios for the last three fiscal years of the given and your chosen companies. Be sure that you are entering and using the correct formula. D. Using the appropriate spreadsheets, which are to be included in the workbooks, calculate the earnings per share for the last three fiscal years of the given and your chosen companies. Be sure that you are entering and using the correct formula. E. Using the appropriate spreadsheets, which are to be included in the workbooks, calculate the profit margins for the last three fiscal years of the given and your chosen companies. Be sure that you are entering and using the correct formula. F. Using the appropriate spreadsheets, which are to be included in the workbooks, calculate the free cash flows for the last three fiscal years of the given and your chosen companies. Be sure that you are entering and using the correct formula. IV. Industry Averages A. Obtain current industry averages of three of the financial calculations above for both companies and add this information to your spreadsheet for comparison. Ensure the accuracy and organization of your data. B. In this context, how is each company’s financial health? How do these two companies compare to one another? Consider the appropriate date range you should use. V. Performance Over Time A. Analyze the performance of the Company A over time. What financial strengths and weaknesses does this company have? Consider addressing the free cash flows and ratios you calculated earlier. B. Analyze the performance of your Company B over time. What financial strengths and weaknesses does this company have? Consider addressing the free cash flows and ratios you calculated earlier. C. Analyze how the data differ between these two companies. Why do you think this is? Consider addressing the free cash flows and ratios you calculated earlier. VI. Investment A. Are the companies considered growth or value companies? Why? B. Which company’s stock is the better investment? Consider supporting your answer with data. Final Project Part II Rubric Guidelines for Submission: This part of the final project will be submitted in two parts. Part A will contain the workbooks that house all of your quantitative data and formulas, along with any of the information that is relevant for your chosen company. Part B will contain your answers to the prompts, composed in a cohesive manner. Part B should use double spacing, 12-point Times New Roman font, and one-inch margins. Citations should be formatted according to APA style. Instructor Feedback: This activity uses an integrated rubric in Blackboard. Students can view instructor feedback in the Grade Center. For more information, review these instructions. Critical Elements Exemplary Proficient Needs Improvement Not Evident Value Preparing: Download Downloads and includes annual income statements, balance sheets, and cash flow statements for the last three fiscal years for chosen companies (100%) Downloads and includes annual income statements, balance sheets, and cash flow statements for chosen companies but is missing various components (55%) Does not download and include annual income statements, balance sheets, and cash flow statements for the last three fiscal years for chosen companies (0%) 2 Preparing: Worksheet Prepares worksheet for chosen and given companies, displaying all financial data for the last three fiscal years in an accurate and organized manner (100%) Prepares worksheet for chosen and given companies, displaying financial data for the last three fiscal years, but worksheets are unorganized, inaccurate, or incomplete (55%) Does not prepare worksheets for both the chosen and given companies (0%) 2 Preparing: Stock Prices Adds historical stock prices for an appropriate date range for the chosen and given companies to their respective worksheets (100%) Adds historical stock prices for the chosen and given companies, but data has been inaccurately entered or is not for an appropriate date range (55%) Does not add historical stock prices for the given and chosen companies to their respective worksheets (0%) 2 Returns: Company A Meets “Proficient” criteria and logically explains reasoning behind indication of stock performance (100%) Correctly calculates the threeyear return on the stock price of the given company and accurately indicates how this stock is performing (85%) Calculates the three-year return on the stock price of the given company, but calculation is incorrect or indication of how this stock is performing is inaccurate or missing (55%) Does not calculate the threeyear return on the stock price of the given company (0%) 5.63 Returns: Company B Meets “Proficient” criteria and logically explains reasoning behind indication of stock performance (100%) Correctly calculates the threeyear return on the stock price of the chosen company and accurately indicates how this stock is performing (85%) Calculates the three-year return on the stock price of the chosen company, but calculation is incorrect or indication of how this stock is performing is inaccurate or missing (55%) Does not calculate the threeyear return on the stock price of the chosen company (0%) 5.63 Returns: Compare Meets “Proficient” criteria, and explanation demonstrates nuanced understanding of three-year returns and their implications (100%) Compares the three-year returns of the given and chosen companies, explaining what this indicates about each company (85%) Compares the three-year returns of the given and chosen companies, but explanation of what this indicates about each company is cursory or missing (55%) Does not compare the threeyear returns of the given and chosen companies (0%) 6.43 Calculations: Price-toEarnings Ratios Correctly calculates the priceto-earnings ratios for the last three fiscal years of the given and chosen companies (100%) Calculates the price-to-earnings ratios of the given and chosen companies, but calculations are incorrect or do not consider the last three fiscal years (55%) Does not calculate the price-toearnings ratios of the given and chosen companies (0%) 5.63 Calculations: Debt-toEquity Ratios Correctly calculates the debtto-equity ratios for the last three fiscal years of the given and chosen companies (100%) Calculates the debt-to-equity ratios of the given and chosen companies, but calculations are incorrect or do not consider the last three fiscal years (55%) Does not calculate the debt-toequity ratios of the given and chosen companies (0%) 5.63 Calculations: Returnon-Equity Ratios Correctly calculates the returnon-equity ratios for the last three fiscal years of the given and chosen companies (100%) Calculates the return-on-equity ratios of the given and chosen companies, but calculations are incorrect or do not consider the last three fiscal years (55%) Does not calculate the returnon-equity ratios of the given and chosen companies (0%) 5.63 Calculations: Earnings Per Share Correctly calculates the earnings per share for the last three fiscal years of the given and chosen companies (100%) Calculates the earnings per share of the given and chosen companies, but calculations are incorrect or do not consider the last three fiscal years (55%) Does not calculate the earnings per share ratios of the given and chosen companies (0%) 5.63 Calculations: Profit Margins Correctly calculates the profit margins for the last three fiscal years of the given and chosen companies (100%) Calculates the profit margins of the given and chosen companies, but calculations are incorrect or do not consider the last three fiscal years (55%) Does not calculate the profit margins of the given and chosen companies (0%) 5.63 Calculations: Free Cash Flows Correctly calculates the free cash flows for the last three fiscal years of the given and chosen companies (100%) Calculates the free cash flows of the given and chosen companies, but calculations are incorrect or do not consider the last three fiscal years (55%) Does not calculate the free cash flows of the given and chosen companies (0%) 5.63 Industry Averages: Industry Averages Adds current industry averages for chosen and given companies to worksheet in an accurate and organized manner (100%) Adds current industry averages for chosen and given companies to worksheets, but some data is inaccurate, unorganized, or missing (55%) Does not add current industry averages for chosen and given companies to worksheets (0%) 2 Industry Averages: Financial Health Meets “Proficient” criteria and includes current industry averages within an appropriate date range (100%) Analyzes the given and chosen companies’ financial health by comparing the two companies’ current industry averages (85%) Analyzes the given and chosen companies’ financial health by comparing the two companies’ industry averages but does not consider the current industry rates (55%) Does not analyze the given and chosen companies’ financial health (0%) 6.43 Performance: Company A Meets “Proficient” criteria and references free cash flow and ratios calculated for the given company in analysis (100%) Comprehensively analyzes the strengths and weaknesses of the given company over time (85%) Analyzes the strengths and weaknesses of the given company over time, but analysis is not comprehensive (55%) Does not analyze the strengths and weaknesses of the given company over time (0%) 6.43 Performance: Company B Meets “Proficient” criteria and references free cash flow and ratios calculated for the chosen company in analysis (100%) Comprehensively analyzes the strengths and weaknesses of the chosen company over time (85%) Analyzes the strengths and weaknesses of the chosen company over time, but analysis is not comprehensive (55%) Does not analyze the strengths and weaknesses of the chosen company over time (0%) 6.43 Performance: Differ Meets “Proficient” criteria and references the companies’ free cash flows and ratios calculated in analysis (100%) Accurately contrasts the performances of the given and chosen companies over time, including a logical, proposed explanation of these performances (85%) Contrasts the performances of the given and chosen companies over time, but analysis is inaccurate or cursory, or the included explanation of these performances is illogical or cursory (55%) Does not contrast the performances of the given and chosen companies over time (0%) 6.43 Investment: Growth or Value Meets “Proficient” criteria and includes quantitative data to support analysis (100%) Comprehensively analyzes whether the companies are considered growth or value companies, including a logical explanation of why (85%) Analyzes whether the companies are considered growth or value companies, but analysis is not comprehensive, or the explanation included is illogical or cursory (55%) Does not analyze whether the companies are considered growth or value companies (0%) 6.43 Investment: Stock Meets “Proficient” criteria and includes quantitative data to support analysis (100%) Analyzes each company’s stock, including a logical explanation of personal preference of which stock to purchase (85%) Analyzes each company’s stock, including an explanation of personal preference of stock options, but analysis or explanation is illogical or cursory (55%) Does not analyze each company’s stock (0%) 6.43 Articulation of Response Submission is free of errors related to citations, grammar, spelling, syntax, and organization and is presented in a professional and easy to read format (100%) Submission has no major errors related to citations, grammar, spelling, syntax, or organization (85%) Submission has major errors related to citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas (55%) Submission has critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas (0%) 1.95 Earned Total 100% Final Project Part III Part III Overview To make corporate finance decisions, take an advanced finance course, or pursue a career in finance, you will need to understand basic concepts. This includes going beyond the number crunching and reading graphs in order to analyze various financial indicators. This analysis can lead to many important decisions in your financial career. For this part of the final project, you will be given a scenario in which you are asked to illustrate your financial knowledge and analysis skills. This part of the assessment addresses the following course outcomes:  Analyze the roles and responsibilities of financial managers in confirming compliance with federal and shareholder requirements  Differentiate between various financial markets and institutions by comparing and contrasting options when selecting appropriate private and corporate investments  Compute financial ratios, time value, variables, and returns using industry standard tools for optimizing financial success  Analyze corporate financial data for multiple companies in evaluating past and future financial performances Part III Prompt The results of both sections of your employment examination have finally been received, and you were offered the position. You have a few important decisions to make before you can formally accept or decline the position. When composing your answers to these decisions, ensure that they are cohesive and read like a short essay. Your submission must address the following critical elements: I. School Versus Work A. The school you would like to attend costs $100,000. To help finance your education, you need to choose whether or not to sell your 1,000 shares of Apple stock, 1,000 EE Savings Bonds (with $100 denominations and 4.25% coupon rate) that are five years from their 30-year maturity date, or a combination of both. Provide the appropriate data and calculations that you would perform to make this decision. B. What are the advantages and disadvantages of selling a combination of stocks and bonds? Be sure to support your answers. C. Suppose that you choose to sell your stocks, bonds, or a combination of both. What is your choice, and what is your financial reasoning behind this choice? Consider supporting your answer with quantitative data. D. Suppose that you choose to accept the job. What is your financial reasoning behind this choice? Be sure to support your answer with quantitative data. II. Bonus Versus Stock A. The company has offered you a $5,000 bonus, which you may receive today, or 100 shares of the company’s stock, which has a current stock price of $50 per share. Mathematically, what is the best choice? Why? B. What are the advantages and disadvantages of each option? Be sure to support your answers. C. What would you ultimately choose to do? What is your financial reasoning behind this choice? Consider supporting your answer with quantitative data. III. Compliance A. While investigating the shares offered to you by your potential boss, you discover that the company you are considering working for is not registered as required under the Securities Act of 1933. How does this influence you as a potential employee and as a potential shareholder? Be sure to reference any applicable statutes or laws. B. You know that accepting this job may eventually lead to a promotion into the role of the financial manager. As the potential financial manager, what federal and shareholder requirements would you need to be familiar with in order to ensure that you are being completely compliant? Final Project Part III Rubric Guidelines for Submission: Please ensure that your decision plan is submitted as one comprehensive and cohesive short essay. It should use double spacing, 12- point Times New Roman font, and one-inch margins. Citations should be formatted according to APA style. Instructor Feedback: This activity uses an integrated rubric in Blackboard. Students can view instructor feedback in the Grade Center. For more information, review these instructions. Critical Elements Exemplary Proficient Needs Improvement Not Evident Value School Versus Work: Finance Your Education Accurately calculates the worth of stocks, bonds, and combinations of stocks and bonds, including the appropriate data and calculations with submission (100%) Calculates the worth of stocks, bonds, and combinations of stocks and bonds, but calculation is inaccurate or appropriate data and/or calculations are not included in submission (55%) Does not calculate the worth of stocks, bonds, and combinations of stocks and bonds (0%) 11.88 School Versus Work: Advantages and Disadvantages Meets “Proficient” criteria and provides historical data, as well as quantitative data, to support answer (100%) Comprehensively differentiates the advantages and disadvantages of selling a combination of stocks and bonds and provides support for answer (85%) Differentiates the advantages and disadvantages of selling a combination of stocks and bonds, but analysis is not comprehensive or support is cursory or missing (55%) Does not differentiate the advantages and disadvantages of selling a combination of stocks and bonds (0%) 11.88 School Versus Work: Choose to Sell Meets “Proficient” criteria and supports examination with quantitative data (100%) Examines choice to sell stocks, bonds, or combination of both, explaining the financial reasoning behind the choice (85%) Examines choice to sell stocks, bonds, or combination of both, but explanation of the financial reasoning behind the choice is cursory or missing (55%) Does not examine choice to sell stocks, bonds, or combination of both (0%) 7.92 School Versus Work: Accept the Job Meets “Proficient” criteria and supports examination with quantitative data (100%) Examines choice to accept the job, explaining the financial reasoning behind the choice (85%) Examines choice to accept the job, but explanation of the financial reasoning behind the choice is cursory or missing (55%) Does not examine choice to accept the job (0%) 7.92 Bonus Versus Stock: Offered Meets “Proficient” criteria, and explanation of the best choice demonstrates nuanced understanding of the time-value of money (100%) Accurately calculates the best choice of receiving a cash bonus versus receiving company stock, including an explanation of the best choice (85%) Calculates the best choice of receiving a cash bonus versus receiving company stock, but calculation is inaccurate or explanation of best choice is cursory or missing (55%) Does not calculate the best choice of receiving a cash bonus versus receiving company stock (0%) 11.88 Bonus Versus Stock: Advantages and Disadvantages Meets “Proficient” criteria, and analysis includes quantitative data (100%) Comprehensively analyzes the advantages and disadvantages of the cash and stock options, supporting each option (85%) Analyzes the advantages and disadvantages of the cash and stock options, but analysis is not comprehensive or support for each option is cursory or missing (55%) Does not analyze the advantages or disadvantages of the cash and stock options (0%) 11.88 Bonus Versus Stock: Choose Meets “Proficient” criteria and supports choice with quantitative data (100%) Chooses cash or stock option, including logical financial reasoning behind the choice (85%) Chooses cash or stock option, including financial reasoning behind the choice, but reasoning is illogical or missing (55%) Does not choose cash or stock option (0%) 7.92 Compliance: Investigating Meets “Proficient” criteria and references demonstrate knowledge of current events in finance (100%) Comprehensively analyzes the influence of noncompliance on potential employees and potential shareholders, including references to statutes and laws in analysis (85%) Analyzes the influence of noncompliance on potential employees and potential shareholders, but analysis is not comprehensive or support does not include references to statutes or laws (55%) Does not analyze the influence of noncompliance on potential employees or potential shareholders (0%) 11.88 Compliance: Accepting Meets “Proficient” criteria, and analysis demonstrates nuanced understanding of requirements for compliance with federal laws (100%) Comprehensively analyzes the federal and shareholder requirements necessary for a financial manager to become familiar with in order to ensure compliance (85%) Analyzes the federal and shareholder requirements necessary for a financial manager to become familiar with in order to ensure compliance, but analysis is not comprehensive (55%) Does not analyze the federal and shareholder requirements necessary for a financial manager to become familiar with in order to ensure compliance (0%) 11.88 Articulation of Response Submission is free of errors related to citations, grammar, spelling, syntax, and organization and is presented in a professional and easy to read format (100%) Submission has no major errors related to citations, grammar, spelling, syntax, or organization (85%) Submission has major errors related to citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas (55%) Submission has critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas (0%) 4.96 Earned Total 100%

 
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U.S. monetary policy

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U.S. monetary policy is set by the Federal Open Market Committee (FOMC). The purpose of the policy is to encourage maximum employment, stable prices, and reasonable long-term interest rates.

Discuss the tools the Federal Reserve uses to control monetary policies. Include the objective each tool is used to deliver. Expand on how the Federal Reserve System uses the interest rate to affect the money supply.

 
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FIN 330 Final Project I Guidelines and Rubric Overview Corporate financial managers

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FIN 330 Final Project I Guidelines and Rubric Overview Corporate financial managers must have a business-wide perspective to successfully navigate the corporate environment. The skills you will develop in this course will support you in your future business career and set the foundation for the concepts that will be covered in the next course, Multinational Corporate Finance. Your final project for FIN 330 will allow you to showcase your mastery of the varied skills a finance professional must obtain: It will require you to analyze a real-world corporation from a quantitative perspective while also investigating the challenges and decisions a manager must face. To accomplish this, your final assessment will be broken up into two separate but related projects. The first, a corporate valuation report, will focus on a U.S. corporation of your choice. You will analyze the historical financials of your chosen corporation using the provided Excel template, and estimate the value of your corporation in a brief report. The second final project is a risk management and ethical analysis that will focus on the same corporation, highlighting the management and leadership considerations and decisions required of top-level financial managers. In this written report, you will discuss ethics, corporate social responsibility, and the challenges related to attaining short-term and long-term goals. Combined, these two projects will assess your knowledge regarding the quantitative and qualitative concepts of corporate finance and leadership. The first final project is divided into two milestones, which will be submitted at various points throughout the course to scaffold learning and ensure quality final submissions. These milestones will be submitted in Modules Two and Five. The final corporate valuation report is due in Module Seven, and the final risk management and ethical analysis is due in Module Eight. In this assignment, you will demonstrate your mastery of the following course outcomes:  Estimate the value of corporations based on quantitative and qualitative analysis of financial history, industry trends, and projections of future performance  Analyze the relationships between capital structure, risk, and cost of capital for informing financial decisions that can optimize the value of corporations  Analyze challenges financial managers face regarding short-term and long-term planning for informing decision making Prompt Your corporate valuation report should analyze your chosen corporation and estimate its overall value. Throughout this assignment, you will use a provided Excel template. To complete this assignment, you will submit both a written paper and the completed Excel template with the “Financial History,” “Capital Structure,” and “Valuation” tabs filled in. Specifically, the following critical elements must be addressed: I. Overview: This section of your report will be devoted to providing a thorough overview of the background of the corporation you selected and setting the foundation for your later discussion of the challenges financial managers face. Specifically, you must address the following: A. Describe the market to which your corporation belongs, identifying the products or services your corporation sells and the share of the market it has. B. Describe the customer base of your corporation and the top competitors for this customer base. Be sure to consider what motivates the customers and the challenges the organization faces in retaining the customer base. C. Describe the key inputs (and sources of those inputs) used to create the products or services, as well as the key resources for corporate operation (such as staff, facilities, technologies, etc.) and the extent to which attaining all these resources presents a challenge to the particular organization. D. Analyze key market trends and issues within the industry for potential risks to the organization. II. Financial History: The next section of your report should focus on the financial history and capital structure of your organization. A. Quantitatively analyze three years’ worth of the corporation’s finances using the provided Excel template. You will submit this template along with your report, and may embed pieces of the Excel template into your report to show key financial highlights in the following critical element. B. Summarize the financial highlights you determined from the analysis in the Excel template, explaining the significance of the key ratios for the overall financial health of the organization. III. Capital Structure: In the third section of your report, discuss the capital structure of the corporation. A. Outline the most recent year’s debt, equity, and total capital using the provided template to show the overall capital structure of the corporation. B. Articulate the corporation’s dividend policy and what impact it has on the investors. C. Analyze the relationship between capital structure, cost of capital, and risk, using examples from your chosen organization. D. Explain how the relationship between capital structure, cost of capital, and risk can help inform decision making and maximize corporate value. IV. Valuation: The final section of your report will focus on calculating current value, outlining assumptions, and estimating the future value of the corporation through forecasting the cash flows. Specifically, respond to the following: A. Calculate the current market value of equity for your corporation, using the three-year history and provided Excel template, and explain what it means for the corporation. B. Outline any assumptions you have made in calculating the current value and estimating the future value of the corporation, explaining why you made them and why they are important. (Hint: Assumptions can include growth rates, margins, trends, etc.) C. Estimate the current value of your corporation by forecasting the cash flows over 10 years using the provided Excel template, and explain your findings. Calculate EVA, NPV, IRR and MIRR using discount rates of 5% (low risk), 10% (medium risk), and 18% (high risk). Milestones Milestone One: Overview and Financial History In Module Two, you will submit Milestone One, which provides you an opportunity to work on the overview and financial history sections of your Final Project I: Corporate Valuation. As part of this assignment, you will also complete specific elements of the provided excel template. This milestone will be graded with the Final Project I Milestone One Rubric. Milestone Two: Capital Structure and Valuation In Module Five, you will submit Milestone Two, which provides you an opportunity to work on the capital structure and valuation sections of your Final Project I: Corporate Valuation. As part of this assignment, you will also complete specific elements of the provided excel template. This milestone will be graded with the Final Project I Milestone Two Rubric. Final Submission: Corporate Valuation Report In Module Seven, you will submit your Final Project I: Corporate Valuation Report. It should be a complete, polished artifact containing all of the critical elements of the final product. It should reflect the incorporation of feedback gained throughout the course on your milestone assignments. This submission will be graded with the Final Project I Rubric. Final Project I Rubric Guidelines for Submission: Your corporate valuation report should be 6–9 pages in length, double spaced, with 12-point Times New Roman font, one-inch margins, and APA formatting. Along with your corporate valuation report, you will submit your complete Excel template as a separate file. You may use pieces of your Excel template as images within your report, but you must still submit the completed Excel template with your final report submission. Instructor Feedback: This activity uses an integrated rubric in Blackboard. Students can view instructor feedback in the Grade Center. For more information, review these instructions. Critical Elements Exemplary Proficient Needs Improvement Not Evident Value Overview: Market Meets “Proficient” criteria, and description demonstrates deep insight into the corporation’s place in the market (100%) Accurately describes the market, products or services, and portion of the market held by the chosen corporation (85%) Describes the market, products or services, and portion of the market held by the chosen corporation, but lacks accuracy or necessary detail (55%) Does not describe the market, products or services, and portion of the market held by the chosen corporation (0%) 4 Overview: Customer Meets “Proficient” criteria and makes cogent connections between customer base and competitors (100%) Accurately describes the customer base and the corporation’s top competitors for those customers (85%) Describes the customer base and the corporation’s top competitors for those customers, but lacks accuracy or detail (55%) Does not describe the customer base and the corporation’s top competitors (0%) 5 Overview: Resources Meets “Proficient” criteria and shows keen insight into the varied resources required for corporate operation (100%) Accurately describes the key inputs and resources the corporation needs (85%) Describes the key inputs and resources the corporation needs but lacks accuracy or detail (55%) Does not describe inputs and resources the corporation needs (0%) 5 Overview: Trends Meets “Proficient” criteria and shows keen insight into corporate risks associated with market-wide trends and issues (100%) Critically analyzes the market for key trends and issues that may pose risks for the corporation (85%) Analyzes the market for key trends and issues but lacks detail, logic, or focus on issues that may pose risks for the corporation (55%) Does not analyze the market for trends and issues (0%) 4 Financial History: Excel Correctly analyzes three years of corporate financial statements using the provided Excel template (100%) Analyzes three years of corporate financial statements using the provided Excel template, but analysis contains miscalculations or is incomplete (55%) Does not analyze three years of corporate financial statements using the provided Excel template (0%) 7.7 Financial History: Highlights Meets “Proficient” criteria and shows keen insight into the significance of specific financial calculations for determining financial health (100%) Accurately summarizes the financial highlights determined from the Excel analysis of the corporate financial statements, citing key ratios that give a picture of the overall financial health (85%) Summarizes the financial highlights determined from the Excel analysis of the corporate financial statements but lacks accuracy or details regarding key ratios that give a picture of the overall financial health (55%) Does not summarize the financial highlights determined from the Excel analysis (0%) 7.7 Capital Structure: Overall Meets “Proficient” criteria, and outline shows mastery of determining a corporation’s capital structure from financials (100%) Accurately outlines the most recent year’s debt, equity, and total capital using the provided template to show the overall capital structure of the corporation (85%) Outlines the most recent year’s debt, equity, and total capital using the provided template, but with gaps in accuracy (55%) Does not outline the most recent year’s debt, equity, and total capital using the provided template (0%) 9.6 Capital Structure: Dividend Policy Meets “Proficient” criteria and makes cogent connections between dividend policy and investor impact (100%) Accurately articulates the corporation’s dividend policy and the impact it has on investors (85%) Articulates the corporation’s dividend policy and its impact on investors, but does so inaccurately or with gaps in details (55%) Does not articulate the corporation’s dividend policy and its impact on investors (0%) 9.6 Capital Structure: Relationship Meets “Proficient” criteria and makes cogent connections between capital structure, cost of capital, and corporate risk (100%) Accurately analyzes the relationship between capital structure, cost of capital, and risk, using examples to highlight claims (85%) Analyzes the relationship between capital structure, cost of capital, and risk, but lacks accuracy or does not use examples that highlight claims (55%) Does not analyze the relationship between capital structure, cost of capital, and risk (0%) 9.65 Capital Structure: Maximize Value Meets “Proficient” criteria and shows keen insight into using knowledge of the relationship between cost of capital, capital structure, and risk to maximize corporate value (100%) Accurately explains how the relationship between capital structure, cost of capital, and risk should inform corporate decision making and maximize corporate value (85%) Explains how the relationship between capital structure, cost of capital, and risk should inform corporate decision making and maximize corporate value, but lacks accuracy or necessary detail (55%) Does not explain how the relationship between capital structure, cost of capital, and risk should inform corporate decision making and maximize corporate value (0%) 9.65 Valuation: Current Value Meets “Proficient” criteria and shows mastery of determining current corporate market value (100%) Accurately calculates the current market value of the chosen corporation using the three-year history and provided Excel template, explaining findings in the report (85%) Calculates the current market value of the chosen corporation using the threeyear history and provided Excel template, explaining findings in the report, but lacks accuracy in calculations or lacks detail in explanation of findings (55%) Does not calculate the current market value of the corporation or does not explain findings in the report (0%) 7.7 Valuation: Assumptions Meets “Proficient” criteria and shows keen insight into the role of assumptions in corporate valuation (100%) Clearly outlines reasonable assumptions, explaining why the assumptions were made and why they matter (85%) Outlines assumptions, explaining why the assumptions were made and why they matter, but with gaps in clarity or reason (55%) Does not outline assumptions or explain why they were made and why they matter (0%) 7.7 Valuation: Estimate Meets “Proficient” criteria and shows advanced grasp of future valuation (100%) Logically estimates the current value of the corporation through 10-year cash flow forecasting using the provided Excel template (85%) Estimates the current value of the corporation through 10- year cash flow forecasting using the provided Excel template, but with gaps in logic or accuracy of calculations (55%) Does not estimate the current value of the corporation through 10-year cash-flow forecasting using the Excel template (0%) 7.7 Articulation of Response Submission is free of errors related to citations, grammar, spelling, syntax, and organization and is presented in a professional and easy-toread format (100%) Submission has no major errors related to citations, grammar, spelling, syntax, or organization (85%) Submission has major errors related to citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas (55%) Submission has critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas (0%) 5 Total 100%

 
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