You would need to Choose two of the six questions from the attachments and answer. I needs to be non plagiarized with a turn it in Report, at least 250 words, and be based on doing international business in the Asia Pacific Market. I need both papers done within the next 6 hours. 

Which ideals expressed in this excerpt from the Northwest Ordinance became influential in other founding documents of the United States?

Review the stages of the Product Life Cycle and address the following in a 1-2 page document:

What are two products that you consider to be in the Growth stage of the Product Life Cycle and why?
What are some of the potential threats to the success of both companies during this stage?
Develop a strategy and creative approach that can be taken to help both products continue to succeed during their next life cycle phase.
No plagurism and no cutting and pasting as we will watch for that. 

I need a 350 words at least on the following questions:

It should be without any plagiarism.   

What are ethics?  What are business ethics?  How are they different? What is the relationship between personal morality and business ethics?  How does our own personal morality inform our business ethics?  What do you think should happen if our personal morality conflicts with our business ethics? 

Nutrients
Definition and why is this important

6 Essential Nutrients (Each below must have Definition , Food Source (where do you get these nutrients from), Function for the Body (why does the body need this))
Water
Carbohydrates
Simple
Complex
Fiber
Proteins
Fats
Saturated
Unsaturated
Polyunsaturated
Monounsaturated
Vitamins
What are the 2 types of vitamins
List 3 for each

Minerals
List 3 minerals

Food Label
What is a Food Label
What is a Percent Daily Value
What is a Serving Size

Calories
Definition
List how many calories a student your age should consume and what a average adult should consume.
Cholesterol
Definition
HDL and LDL types of Cholesterol (brief definition of each)
Possible causes of high Cholesterol and how can someone to lower Cholesterol

Submitted by: James Bunsa

For: FINC 5880

Date: 11 Apr 2014

 

a. Current Situation

 

Company I nformationGilbert Enterprises, the third largest publicly traded firm in the auto parts replacement industry, had experienced a decline in its stock price over the past five months. Its founder and chairman, Tom Gilbert, along with the Finance VP, were considering a stock repurchase, thinking the announcement would send a message to investors about the current market undervaluation of the stock.

 

Industry and Economic InformationResearch had indicated that auto owners were keeping their vehicles longer (8 years on average, up from 6.8 years twenty years earlier), and new vehicle price increases had surpassed the rise in consumer incomes. The trend of investing in older vehicles to keep them on the road longer would bode well for Gilbert. In addition, Gilbert had invested in an industry-leading JIT inventory management system and as a result expected supernormal growth over the next several years.

 

 

b. Major Issues

 

Several significant issues that Gilbert faces include:

 

· Develop these issues preliminarily, and readdress/refine them after answering the case-specific questionsDoes the growth rate seem reasonable, given the current and expected circumstances (economic and industry)?

· Does the current stock price fairly represent Gilbert’s value in the market?

· What is the “real” value of Gilbert’s stock? And how should it be determined (methods, process)?

· What other data should be considered in the valuation?

· What decision should they make – repurchase stock or do something else?

· What are the possible investor and market reactions to an announcement?

· Other issues ….

 

 

c. Approach

 

Identify the appropriate analytical techniques (dividend valuation model) to evaluate Gilbert’s value in the market; use a price-earnings approach to supplement the dividend model results; and use selected ratio comparative analysis to fairly position Gilbert against its competitors; and specifically answer the case questions.

 

 

d. Case-specific Questions

 

1. Supernormal growth valuation – does the firm seem to be under or overvalued?

Three steps to find intrinsic value, and then compare to market.

· Find present value of supernormal dividends

 

Discount future supernormal dividends back to present at 10% (required rate of return)

Current dividend

D0 =

(given)

1.20

 

 

 

 

Future dividends

D1 =

(D0 * 1.15)

1.38

X

0.9091

 

1.25

 

 

D2 =

(D1 * 1.15)

1.59

X

0.8264

 

1.31

 

 

D3 =

(D2 * 1.15)

1.83

X

0.7513

 

1.37

 

 

 

 

 

 

 

Total

3.94

Present value of dividends during the supernormal growth period =

3.94

 

 

 

 

 

 

 

 

 

 

 

 

These are calculations to answer the questions

· Find the present value of the future stock price

 

 

Find PV of future stock price

 

 

 

 

P3 = stock price when supernormal growth ends

 

 

 

D4 = dividend at time 4 when constant growth is 6%

 

 

Ke = required rate of return (cost of equity = 10 percent

10%

 

g = 6 percent (constant growth)

6%

 

 

 

 

 

 

 

 

 

 

P3 =

D4

 

 

 

 

 

 

Ke – g

 

 

 

 

 

 

 

 

 

 

 

 

D4 = D3 (1 + g)

 

 

 

 

 

=

1.935

 

 

 

 

 

 

 

 

 

 

 

 

P3 =

48.363825

 

Must discount stock price back to current – find PV

 

 

 

at 10%

 

 

 

Est of P0

$36.34

 

 

 

 

 

 

 

· Find total value (stock price plus value of dividends)

 

 

 

 

 

 

 

 

 

Add price of stock and value of dividends to get total value

 

 

 

Estimate of P0 =

 

$36.34

If rounding earlier in the problem

 

Add PV of dividends =

3.94

total is as high as $40.37

 

 

 

Total

 

$40.27

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Conclusion: Because the stock is selling in the market for 35 1/4th, it appears to be undervalued.

 

 

2. Gilbert’s P/E ratio is currently is the second lowest of all firms in the industry. However, based on the financial information provided in Figure 1 this does not appear to be appropriate, given that Gilbert currently has the highest growth rate of EPS and growth is expected to accelerate to 15% (supernormal) growth over the next three years.

 

This is financial ratio a nalysisIt also has the second highest return on stockholder’s equity, and the firm leading this category has a very high debt ratio (resulting in a relatively smaller proportion of equity over which to spread the earnings – it is possible to generate a high return on equity using debt, but still have relatively low profitability, as Reliance has in this case as indicated by its lowest return on total assets ratio in the industry).

 

In evaluation debt utilization as a separate issue, Gilbert once again looks attractive with a debt to total asset ratio of 33%, with Standard Auto being the only firm with a better (lower) ratio.

 

Market Values

 

 

 

Market

Book

Replacement

Market

Market to

 

 

 

Value

Value

Value

to Book

Replacement

Gilbert Enterprises

35.25

16.40

43.50

2.15

0.81

 

Relaince Parts

70.50

50.25

68.75

1.40

1.03

 

Standard Auto

24.25

19.50

26.00

1.24

0.93

 

Allied Motors

46.75

50.75

27.50

0.92

1.70

 

 

 

 

Evaluation of market to book values and market to replacement values will provide additional insight about Gilbert’s financial position in the industry. Although pro forma market value to book value ($40.27/$16.40 = 2.46) is high compared to others (1.40 to .92), this is not an especially meaningful value, because book value is based on historical cost. A more meaningful value is market to replacement, in which Gilbert is much more conservative ($40.27/$43.50 = .93), and is comparable to Standard Auto ($24.25/$26.00 = .93).

 

Dividends are another area where Gilbert is excelling, second only to Standard in dividend yields.

 

Finally, how would Gilbert’s pro forma P/E ratio compare with the industry? One must first calculate the EPS, since it is not provided.

 

P/E = Stock Price/EPS

16.8 = $35.25/EPS

EPS = $35.25/16.8 = $2.098 per share

 

Now, calculate the pro forma P/E ratio given the estimate of the intrinsic stock price of $40.27 in the earlier analysis.

 

P/Epf = $40.27/$2.098 = 19.2, still within the appropriate range for the industry (industry average is now 18.9).

 

In summary, Gilbert appears to be undervalued compared to its competition, considering all of the findings previously reported.

 

 

 

3. Recommendations to Albert Roth:

 

Based on the answers to Questions 1 and 2, Gilbert Enterprises appears to be undervalued, and Roth should seriously consider recommending the firm repurchase part of its shares in the marketplace. However, there is reason to be cautious:

· Be creative here; you get credit for thinking outside the box (but not too far out)Markets are efficient in their pricing of securities (Efficient Market Hypothesis), and there may be some information that we are not aware of that justifies Gilbert’s lower valuation.

· Secondly, even if the stock is undervalued in the marketplace, management must make certain that this is the best use of its limited investment funds (examine alternative uses).

 

 

e. Other options?

 

Although there are no indications in the case that Gilbert has alternatives to this repurchase plan, it should exhaust the possibilities of purchasing another firm or firms in the industry that might provide positive synergies, add sales in areas that Gilbert is lacking, cover geographic areas currently underserved, or focus on a firm that provides a good “fit” with its state-of-the-art inventory management systems.

 

As an alternative, it could significantly reduce the number of shares it in considering (up to one million shares), and use the remainder for other investments.

 

f. Prediction

 

I believe that Albert Roth will recommend the repurchase, and that it will be successful. After all, Roth in an investment banker and is there to serve his client while earning profits from additional revenue for his firm – Baker, Green and Roth.

Final Argumentative Essay Topic

Prepare Icon

Prepare: You may also want to review the Week Five Sample Final Paper Guide Preview the document View in a new window, so that you can start preparing your rough draft that is due in Week Four.

 

Reflect Icon

Reflect: When considering a research topic, consider an interesting topic that is worth further research. For instance, having a strong opinion on a specific topic may deter you from thinking more critically, and therefore the research might end up being one-sided. It is a good idea to pick a topic in which you can provide a good argument for both sides of the societal issue.

 

Write Icon

Write: For this discussion you will address the following prompts:

· Identify two global societal issues from the following list that you would consider researching further for your Week Five Final Argumentative Essay: adult illiteracy, funding for General Education vs STEM in primary and secondary schools, minimum wage, oceans desertification, overcoming the digital divide, refugee (escaping persecution, war, or death) crises, species extinctions (modern), tax havens, Transatlantic Trade and Investment Partnership (TTIP), universal statement of human rights (pick one), airport security, or wealth disparity.

· Describe effective methods you used in identifying and narrowing down to just one of the two topics to further research for your final essay.

· Explain three ways you can critically analyze sources to determine if they are scholarly and credible.

· For one of the topics chosen, summarize information from at least two peer-reviewed journal articles from the Ashford University Library that will support your claims.

· Explain why scholarly sources should be used to support your writing on the selected topic.

· Download and attach a PDF copy of one of the peer-reviewed scholarly articles that you found from the Ashford University Library to your answer using the “Attach” function located below your response.

Your initial post should be at least 250 words in length, which should include a thorough response to each prompt. You are required to provide in-text citations of applicable required reading materials and/or any other outside sources you use to support your claims. Provide full reference information of all sources cited at the end of your response. Please use correct APA format when writing in-text citations (Links to an external site.)Links to an external site.  and references (Links to an external site.)Links to an external site..

Why should College athletes be paid while attending college?
 

 Imagine that you are a public health professional. A county health department has contracted with you to conduct a community health assessment focused specifically on health promotion through physical exercise. The head of the health department has a list of people who should be present at the planning meeting. You notice that they are all representatives of local government agencies.

 Post the number of the scenario you selected and your rationale for why it is important to include community stakeholders in this community health planning scenario. Then, describe at least three additional groups that might be appropriate to include in the planning for this community health assessment and explain why you would include these stakeholders and not others. 

 Imagine that you are a public health professional. A county health department has contracted with you to conduct a community health assessment focused specifically on health promotion through physical exercise. The head of the health department has a list of people who should be present at the planning meeting. You notice that they are all representatives of local government agencies.

 Post the number of the scenario you selected and your rationale for why it is important to include community stakeholders in this community health planning scenario. Then, describe at least three additional groups that might be appropriate to include in the planning for this community health assessment and explain why you would include these stakeholders and not others. 

Information Literacy  Ashford University Library Experience Knowing how to thoroughly research a topic is extremely important while achieving your education. You may be asked to support your information with peer-reviewed scholarly resources, but how can you find this type of resource? The Ashford University Library allows you to search through different avenues to find the requested types of resources. You can narrow your search by the author, year published, title, subject, and by indicating what type of resource you are looking for. You even have access to a librarian if you need some guidance in finding more resources on your topic. In a two- to three-paragraph response Describe your experiences using resources, including concerns encountered when conducting academic research through the Ashford University Library. Areas of concern may include developing a research strategy, using the search function within a database, or evaluating sources. Explain how using the Ashford University Library has improved your experience in conducting research. For example, you could identify and explain how specific tutorials that you have used have helped improve your ability to conduct research. The response must be formatted according to APA style. Each paragraph should be at least five sentences.