AGB 302 week 5 case study

From the case study, only respond to question #3

PROJECT: You have been hired as an analyst for Metro Bank and your team is working on an independent assessment of Korsiney’s Food Inc. (KF Inc.) KF Inc. is a firm that specializes in the production of freshly imported farm products from France.  Your assistant has provided you with the following data for Flipper Inc and their industry. Ratio 1999 1998 1997 1999- Industry Average Long-term debt 0.45 0.40 0.35 0.35 Inventory Turnover 62.65 42.42 32.25 53.25 Depreciation/Total Assets 0.25 0.014 0.018 0.015 Days’ sales in receivables 113 98 94 130.25 Debt to Equity 0.75 0.85 0.90 0.88 Profit Margin 0.082 0.07 0.06 0.075 Total Asset Turnover 0.54 0.65 0.70 0.40 Quick Ratio 1.028 1.03 1.029 1.031 Current Ratio 1.33 1.21 1.15 1.25 Times Interest Earned 0.9 4.375 4.45 4.65 Equity Multiplier 1.75 1.85 1.90 1.88 What can you say about the firm's…

PROJECT: You have been hired as an analyst for Metro Bank and your team is working on an independent assessment of Korsiney’s Food Inc. (KF Inc.) KF Inc. is a firm that specializes in the production of freshly imported farm products from France.  Your assistant has provided you with the following data for Flipper Inc and their industry. Ratio 1999 1998 1997 1999- Industry Average Long-term debt 0.45 0.40 0.35 0.35 Inventory Turnover 62.65 42.42 32.25 53.25 Depreciation/Total Assets 0.25 0.014 0.018 0.015 Days’ sales in receivables 113 98 94 130.25 Debt to Equity 0.75 0.85 0.90 0.88 Profit Margin 0.082 0.07 0.06 0.075 Total Asset Turnover 0.54 0.65 0.70 0.40 Quick Ratio 1.028 1.03 1.029 1.031 Current Ratio 1.33 1.21 1.15 1.25 Times Interest Earned 0.9 4.375 4.45 4.65 Equity Multiplier 1.75 1.85 1.90 1.88   You are asked to provide the…

PROJECT: You have been hired as an analyst for Metro Bank and your team is working on an independent assessment of Korsiney’s Food Inc. (KF Inc.) KF Inc. is a firm that specializes in the production of freshly imported farm products from France.  Your assistant has provided you with the following data for Flipper Inc and their industry. Ratio 1999 1998 1997 1999- Industry Average Long-term debt 0.45 0.40 0.35 0.35 Inventory Turnover 62.65 42.42 32.25 53.25 Depreciation/Total Assets 0.25 0.014 0.018 0.015 Days’ sales in receivables 113 98 94 130.25 Debt to Equity 0.75 0.85 0.90 0.88 Profit Margin 0.082 0.07 0.06 0.075 Total Asset Turnover 0.54 0.65 0.70 0.40 Quick Ratio 1.028 1.03 1.029 1.031 Current Ratio 1.33 1.21 1.15 1.25 Times Interest Earned 0.9 4.375 4.45 4.65 Equity Multiplier 1.75 1.85 1.90 1.88   In the annual report to the…

Questions continue on next page Question 4 YY is a large banking organisation. It has a branch in most of the towns in the country in which it operates. The bank's business is mainly concerned with private individuals. It is a very 'traditional' bank that offers only 'over the counter' services during limited opening hours. At a recent board meeting, the directors of the bank stated that they were worried that the bank was losing customers to the new style banks that offer a much more friendly service, longer opening hours, internet banking and a diverse range of banking services. It has now been decided that the bank will pursue strategies to achieve the goal of being "The bank that people choose" and will use a balanced scorecard to monitor progress towards that goal. Required: a) Produce, for each of the three non-financial perspectives of a balanced scorecard, an objective and a performance measure that the bank could use. (In your answer you must state each perspective, and the…

Suppose that Nevada Co., a US-based MNC, makes regular, monthly purchases of materials from a German supplier named Spicurity. These regular payments are typically in the amount of 250,000 euros. Last month the exchange rate was $1.44 per euro. Nevada Co. only has cash reserves in dollars, while Spicurity only has cash reserves in euros. Suppose both companies use the same bank. In order to conduct this transaction last month, Nevada Co. required $ transaction reduced Nevada's account by this amount, denominated in dollars and credited it to Spicurity's account. 360,000.00 to pay for the materials. Thus, the bank handling the The bank then converted this amount to M

As the executive of a manufacturing firm that receives supplies from 18 different countries and sells products to 24 countries, your success and failure is determined by exchange rates, which cause frequent fluctuations in the price of supplies and the sale price of manufactured goods. Considering both the pros and cons of currency hedging and strategic hedging, which strategy would you opt for? How would you justify this decision to other executives and to shareholders?

Please answer both subparts. 1. XYZ, an Australian exporter, has entered into a contract to sell goods in 6 months time and will receive USD 1 million for these goods. What type of exposure is this an example of and why? (a) Economic exposure (b) Translation exposure (c) Transaction exposure (d) Competitive exposure 2. How can a firm protect itself against economic exposure? (a) Money market hedges (b) Geographical diversification (c) Forward contract hedges (d) Futures market hedging

Any help is appreciated!

Gregg’s Shipping Supplies Ltd (GSSL) trades in the buying and selling of ship spares and has several branches within the Caribbean. Recently the company has seen a rapid increase in demand of its products across all branches and is therefore in need of additional financing to adequately boost its supply inventory. The corporate banking head of Bankers Choice Bank is requesting a full set of financial statements to ensure that granting the loan to GSSL would be financially feasible during a period when many businesses are facing financial challenges. The company financial year ends on June 30 each year and you have been tasked with the responsibility to prepare the financial information for the branch that is linked to your first name initial. Trinidad Branch Required:a) Prepare the necessary adjusting journal entries on June 30, 2022 b) Prepare the Adjusted Trial balance at June 30, 2022. c) Prepare the company’s multiple-step income statement for the period ending June 30, 2022 d)…

Gregg’s Shipping Supplies Ltd (GSSL) trades in the buying and selling of ship spares and has several branches within the Caribbean. Recently the company has seen a rapid increase in demand of its products across all branches and is therefore in need of additional financing to adequately boost its supply inventory. The corporate banking head of Bankers Choice Bank is requesting a full set of financial statements to ensure that granting the loan to GSSL would be financially feasible during a period when many businesses are facing financial challenges. The company financial year ends on June 30 each year and you have been tasked with the responsibility to prepare the financial information for the St. Kitts branch. 1. Prepare the Adjusted Trial balance at June 30, 2022.

HOP Bank is a government-owned bank operating in Country F in Asia. It has over 100 branches and a large customer base. As a government owned bank it has traditionally been the first choice for customers when choosing a bank in Country F. In the last five years, the Government of Country F has permitted a number of foreign banks to operate within the country in order to open up foreign trade and develop its economy. This has been very positive for the economy of Country W. The foreign banks have introduced a range of new products, including online banking and mobile and telephone banking facilities, and are delivering much better levels of customer service than HOP Bank. In contrast, HOP Bank does not offer any form of online banking facility. It does have a website but this can only be used by customers to review the products HOP Bank offers. HOP Bank has very basic information systems, catering only for internal transaction handling and accounting activities. HOP Bank operates an…

People's Bank of China boosts liquidity with open market operations The People's Bank of China, China's central, conducted an open market operation that injected 270 billion yuan into China's banking system. Suppose People's Bank of China buys 20 billion yuan of government securities from ICBC. Show how the transaction changes the balance sheets by filling in the numbers. Source: www.chinadaily.com.cn and finance.yahoo.com, October 8, 2018. In the open market operation described in the news clip, explain whether the People's Bank of China buys or sells People's Bank of China securities. Assets Liabilities (billions of yuan) (billions of yuan) The People's Bank of China securities because Securities Reserves of ICBC A. buys; money is being injected into the banking system ICBC O B. sells; interest rates are falling Assets Liabilities C. buys; an open market operation by definition is a purchase of securities (billions of yuan) (billions of yuan) Securities O D. sells; money is being…

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1. Financial institutions in the U.S. economy Suppose Tyler decides to use $9,500 currently held as savings to make a financial investment. One method of making a financial investment is the purchase of stock or bonds from a private company. Suppose Arcadia, a biomedical research firm, is selling stocks to raise money for a new lab. This practice is called finance. Buying a share of Arcadia stock would give Tyler the firm. In the event that Arcadia runs into financial difficulty, will be paid first. Suppose Tyler chooses to buy 250 shares of Arcadia stock. Which of the following statements are correct? Check all that apply. Expectations of a recession that will reduce economywide corporate profits will likely cause the value of Tyler's shares to decline. An increase in the perceived profitability of Arcadia will likely cause the value of Tyler's shares to rise. The Dow Jones Industrial Average is an example of a stock exchange where he can purchase Arcadia stock. Alternatively, Tyler…