tech_buyouts6

Choose one publicly-traded company that you will use for your research paper. You will research and monitor this company during the course. Your research should include all of the following : Corporate Governance Analysis Stockholder Analysis Capital Structure Choices Valuation – This is qualitative in nature. Research the previous annual reports to assist you with valuation. Sites, such as Yahoo Finance are also useful for these valuations. Suggestions for Improving the Company in the Future

Briefly describe the financial scandals at Enron, WorldCom, Vivendi, and Parmalat; what other scandals have happened in recent years or months?

As a result of the COVID-19 crisis there was a global move to home working, and increased reliance on video conference facilities such as those offered by Zoom Video Communications. At the same time there was a sudden increase in trading volumes for Zoom Technology shares. The latter is a company that sells electronic technology for mobile phones. It was soon established that this was a clear case of mistaken identity. Please propose and explain a test for establishing whether the markets are efficient in this case.

Carinal Ltd. specializes in the development of electronic components within quite a competitive environment causing concerns for marketing and pricing. Its non-current assets primarily include IT software, property, and investments, and there have been additions to these during the year. As audit manager, you are conducting a preliminary analytical review and associated risk analysis for this client for the year ended June 30 2022. You have been presented with the following draft financial information about Carinal with incomplete ratios and percentages calculation. INCOME STATEMENT Year ended June 30 2022 2021 $'000 $'000 Revenue Cost of sales 22450 18675 8475 8055 Gross Profit 13975 10620 Distribution costs 4245 3120 Administrative expenses 1276 2134 Selling expenses 5555 512 Profit from operations 2899 4854 Net interest receivable 1245 495 Profit before tax 4144 5349 Income tax expense 2145 2345 Net profit 1999 3004 Retained profits 1325 2105 Dividends paid $1250 $1049

Carinal Ltd. specializes in the development of electronic components within quite a competitive environment causing concerns for marketing and pricing. Its non-current assets primarily include IT software, property, and investments, and there have been additions to these during the year. As audit manager, you are conducting a preliminary analytical review and associated risk analysis for this client for the year ended June 30 2022. You have been presented with the following draft financial information about Carinal with incomplete ratios and percentages calculation. INCOME STATEMENT Year ended June 30   2022 2021   $'000 $'000 Revenue 22,450 18,675 Cost of Sales 8,475 8,055 Gross Profit 13,975 10,620 Distribution costs 4,245 3,120 Administrative expenses 1,276 2,134 Selling expenses 5,555 512 Profit from operations 2,899 4,854 Net interest receivable 1,245 495 Profit before tax 4,144 5,349 Income tax expenses 2,145 2,345 Net profit 1,999 3,004 Retained…

Carinal Ltd. specializes in the development of electronic components within quite a competitive environment causing concerns for marketing and pricing. Its non-current assets primarily include IT software, property, and investments, and there have been additions to these during the year. As audit manager, you are conducting a preliminary analytical review and associated risk analysis for this client for the year ended June 30 2022. You have been presented with the following draft financial information about Carinal with incomplete ratios and percentages calculation. INCOME STATEMENT Year ended June 30   2022 2021   $'000 $'000 Revenue 22,450 18,675 Cost of Sales 8,475 8,055 Gross Profit 13,975 10,620 Distribution costs 4,245 3,120 Administrative expenses 1,276 2,134 Selling expenses 5,555 512 Profit from operations 2,899 4,854 Net interest receivable 1,245 495 Profit before tax 4,144 5,349 Income tax expenses 2,145 2,345 Net profit 1,999 3,004 Retained…

Carinal Ltd. specializes in the development of electronic components within quite a competitive environment causing concerns for marketing and pricing. Its non-current assets primarily include IT software, property, and investments, and there have been additions to these during the year. As audit manager, you are conducting a preliminary analytical review and associated risk analysis for this client for the year ended June 30 2022. You have been presented with the following draft financial information about Carinal with incomplete ratios and percentages calculation. INCOME STATEMENT Year ended June 30 2022 2021 $'000 $'000Revenue 22450 18675Cost of sales 8475 8055Gross Profit 13975 10620Distribution costs 4245 3120Administrative expenses 1276 2134Selling expenses 5555 512Profit from operations 2899 4854Net interest receivable 1245 495Profit before tax 4144 5349Income tax expense 2145 2345Net profit 1999 3004Retained profits 1325 2105Dividends paid $1250 $1049Accounting ratios and…

You are currently working for Clissold Industries. The company, which went public five years ago, engages in the design, production, and distribution of lighting equipment and specialty products worldwide. Because of recent events, Mal Clissold, the company president, is concerned about the company’s risk, so he asks for your input. In your discussion with Mal, you explain that the CAPM proposes that the market risk of the company’s stock is the determinant of its expected return. Even though Mal agrees with this, he argues that his portfolio consists entirely of Clissold Industry stock and options, so he is concerned with the total risk, or standard deviation, of the company’s stock. Furthermore, even though he has calculated the standard deviation of the company’s stock for the past five years, he would like an estimate of the stock’s volatility moving forward. Mal states that you can find the estimated volatility of the stock for future periods by calculating the implied standard…

The publicly-traded company that you will use for your research paper is Apple Inc. You will research and monitor this company during the course. Your research should include all of the following : Corporate Governance Analysis Stockholder Analysis Capital Structure Choices Valuation – This is qualitative in nature. Research the previous annual reports to assist you with valuation. Sites, such as Yahoo Finance are also useful for these valuations. Suggestions for Improving the Company in the Future

The publicly-traded company that you will use for your research paper is Apple Inc. write an abstract and introduction on the following :     Corporate Governance Analysis    Stockholder Analysis    Capital Structure Choices    Valuation – This is qualitative in nature. Research the previous annual reports to assist you with valuation. Sites, such as Yahoo Finance are also useful for these valuations.    Suggestions for Improving the Company in the Future

Hi-Lo Corporation is a publicly traded manufacturing company with a global presence. The company produces a range of consumer electronics and has a history of meeting or exceeding earnings expectations. The current financial year has been challenging due to increased competition, rising production costs, and fluctuations in currency exchange rates. Earnings Pressures and Executive Incentives 1. Earnings Expectations: As the end of the fiscal year approaches, High-Lo Corporation is facing pressure to meet market expectations for earnings per share (EPS). Analysts and investors have set high expectations for the company based on previous years' performance. 2. Executive Compensation Structure: The executive compensation structure at High-Lo Corporation includes significant bonuses tied to achieving specific financial targets, including meeting or exceeding earnings projections. Executives, including the CFO and CEO, are aware that their bonuses are directly linked to the reported…

Our Space is a social media site that is growing in popularity. The firm has been around for a few years and has created a nice market niche for itself. In fact, it actually turned a profit last year, albeit a fairly small one. After doing some basic research on the company, you've decided to take a closer look. You plan to use the price-to-sales ratio to value the stock, and you have collected P/S multiples on the following social media companies: Company Facebook Snap Twitter P/S Multiples 13.51 18.29 13.27 Find the average P/S ratio for these three firms. Given that Our Space is expected to generate $46 million in sales next year and will have 13 million shares of stock outstanding, use the average P/S ratio you computed above to put a value on Our Space's stock. Question content area bottom Part 1 The average P/S ratio for the 3 firms is?

Nur Inc., is a private company that designs, manufactures, and distributes branded consumer products. During its most recent fiscal year, the had revenues of $200 million and earnings of $30 million. The company has filed a registration statement with the SEC for its IPO. Before the stock is offered, Nur's investment bankers would like to estimate the value of the company using comparable companies. The investment bankers have assembled the following information based on data for other companies in the same industry that have recently gone public. In each case, the ratios are based on the IPO price. After the IPO, Nur Inc will have 10 million shares outstanding. Estimate the IPO price for Nur Inc using the price/earnings ratio and the price/revenues ratio. Company Ray Products Corp. Byce-Frasier Inc. Fashion Industries Group Recreation International Average Price/Earnings Price/Revenues 18.8 X 19.5 X 24.1 X 22.4 X 21.2 X 1.2 X 0.9 X 0.8 X 0.7 X 0.9 X

Paul Duncan, financial manager of EduSoft Inc., is facing a dilemma. The firm was founded 5 years ago to provide educational software for the rapidly expanding primary and secondary school markets. Although EduSoft has done well, the firm’s founder believes an industry shakeout is imminent. To survive, EduSoft must grab market share now, and this will require a large infusion of new capital. Because he expects earnings to continue rising sharply and looks for the stock price to follow suit, Mr. Duncan does not think it would be wise to issue new common stock at this time. On the other hand, interest rates are currently high by historical standards, and the firm’s B rating means that interest payments on a new debt issue would be prohibitive. Thus, he has narrowed his choice of financing alternatives to (1) preferred stock, (2) bonds with warrants, or (3) convertible bonds. a) How does preferred stock differ from both common equity and debt? Is preferred stock more risky than common…