What kinds of goals do you think would be appropriate

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Reference no: EM133433461

"Fundamentals of Corporate Finance", Eleventh Canadian Edition, By Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan, J. Ari Pandes, Thomas Holloway.

Program: Master of Engineering Management

Q1 (Chapter 1):- Suppose you were the financial manager of a not-for-profit business such as the Mountain Equipment Co-op. What kinds of goals do you think would be appropriate?

Q2 (Chapter 1):- Evaluate the following statement: "Managers should not focus on the current stock value because doing so will lead to an overemphasis on short-term profits at the expense of long-term profits."

Q3 (Chapter 1):- Can our goal of maximizing the value of the stock conflict with other goals, such as avoiding unethical or illegal behaviour? In particular, do you think subjects like customer and employee safety, the environment, and the general good of society fit in this framework, or are they essentially ignored? Try to think of some specific scenarios to illustrate your answer.

Q4 (Chapter 2):- Kimbo Widgets Inc. purchased new cloaking machinery three years ago for $7 million. The machinery can be sold to the Rimalons today for $4.9 million. Kimbo's current statement of financial position shows net fixed assets of $3.7 million, current liabilities of $1.1 million, and net working capital of $380,000. If all the current assets were liquidated today, the company would receive $1.6 million cash. What is the book value of Kimbo's assets today? What is the market value?

Q5 (Chapter 2):- The 2019 statement of financial position of Roger's Tennis Shop Inc. showed $740,000 in the common stock account and $5.2 million in the additional retained earnings account. The 2020 statement of financial position showed $815,000 and $5.5 million in the same two accounts, respectively. If the company paid out $490,000 in cash dividends during 2020, what was the cash flow to shareholders for the year?

Q6 (Chapter 6):- A six-year lease requires payment of $1,059.00 at the beginning of every three months. If money is worth 5% compounded monthly, what is the cash value of the lease?

Q7 (Chapter 6):- You want to be a millionaire when you retire in 40 years. How much do you have to save each month if you can earn an 11% annual return? How much do you have to save if you wait ten years before you begin your deposits? 20 years? Assume that the APR is compounded monthly.

Reference no: EM133433461

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