Auditing and Assessing Financial Condition



The regular examination of financial documents goes a long way toward establishing trust with stakeholders such as board members, clients, patrons, and funding agencies. As you have been reading throughout this course, financial and budgeting functions are integral parts of an organization?s success, and auditing and assessing financial condition are vital parts of the fiscal functioning of an organization. Assessing the financial condition of an organization involves finding out whether it has the cash to meet its operations (from taxes, fees, and other revenue), and determining if its assets exceed its liabilities.



In this Application, you will evaluate the financial condition of a hypothetical town by considering trends and what they could mean.



To prepare for this assignment:



?Review the selected pages of Chapter 4 in Fiscal Administration: Analysis and Applications for the Public Sector, focusing on the function of audits within an organization and how financial reports give a picture of the overall financial condition of an organization.

?Review the presentations from the Association of Local Government Auditors Web site, focusing on auditing best practices.

?Review this week's course media, "Budget Management Functions: Financial Evaluation," and consider how the finances of public organizations are evaluated.

?Consider the role of auditing and assessment of financial condition in finance and fiscal matters in public organizations.

?Think about how public organizations can use data from audits and assessments to increase their effectiveness.



The assignment: (1?2 pages)





Support your Application Assignment with specific references to all resources used in its preparation. You are asked to provide a reference list only for those resources not included in the Learning Resources for this course

Assignment 2: Business Financing and the Capital Structure
Due Week 8 and worth 240 points
Businesses have to make many financial decisions that have a direct impact on operations and the ability to successfully compete in the marketplace. Base your writing on the information from the course coupled with information located in the Strayer databases or Internet.
Write a three to four (3-4) page paper in which you:
Explain the process of financial planning used to estimate asset investment requirements for a corporation. Explain the concept of working capital management. Identify and briefly describe several financial instruments that are used as marketable securities to park excess cash.
Assume that you are financial advisor to a business. Describe the advice that you would give to the client for raising business capital using both debt and equity options in today?s economy.
Explain why a business may decide to seek capital from a foreign investor indicating the risk and rewards for such a decision. Provide support for rationale.
Explain the historical relationships between risk and return for common stocks versus corporate bonds. Explain how diversification helps in risk reduction in a portfolio. Support response with actual data and concepts learned in this course.
Use at least one (1) quality references. Note: Wikipedia and other Websites do not quality as academic resources.

Resource: Cases in Financial Management
Cases in Financial Management (2nd ed.)
J. Sulock and J. Dunkelberg
Wiley, 1997

Prepare a 350- to 700-word analysis of the Reeds Clothier case in Cases in Financial Management.


Format your paper consistent with APA guidelines (6th edition), including page headers, title page, in text citations, and references page.


Analysis of the Reeds Clothier Case
Summarize the case (I will email this in a pdf. Case 16 Reed's Clotheier Inc. Working Capital Policy)

Formulate answers to questions 1??"8. For question 1, calculate the ratios in Exhibit 4 of the case.


Exhibit 4

Reed's Clothiers Selected Ratios*
Liquidity Ratios Industry
Current Ratio 2.7
Quick Ratio 1.6
Receivables Turnover 7.7
Average Collection Period 47.4

Efficiency Ratios
Total Asset Turnover 1.9
Inventory Turnover 7.0
Payable Turnover 15.1

Profitability Ratios
Gross Profit Margin 33.00
Net Profit Margin 7.8
Return on Common Equity 25.9

* Since many ratios may have different meanings the following definitions were used in the above calculation:
Receivable turnover = sales / accounts receivable
Average Collection Period = 365 / Receivable Turnover
Total Asset Turnover = cost of sales / total assets
Inventory Turnover = cost of sales / inventories
Payable Turnover = cost of Sales / Accounts Payable



Summary:

Questions:
1. Calculate a few ratios and compare Reed's results with industry averages. (Some industry averages are shown in Exhibit 16.4.) What do these ratios indicate?

(Answer:)

2. Why does Holmes want Reed's to have an inventory reduction sale, and what does he think will be accomplished by it?
(Answer:)


3. Jim Reed had adopted a very loose working capital policy with higher current assets than industry averages. If he merely tightens his working capital policy to the averages, should this affect his sales?
(Answer:)


4. Assuming that Reed's can improve its operations to be in line with the industry averages, construct a 1995 pro forma income statement. If he merely tightens his working capital policy to the averages, should this affect his sales?
(Answer:)


5. What type of inventory control system would you suggest to Jim Reed?
(Answer:)


6. What type of accounts receivable control would you suggest to Jim Reed?
(Answer:)


7. Is the increase in sales related to the increase in inventory? (See Exhibit 16.5.)

(Answer:)


8. What is Reed's cost of not taking the suppliers' discounts?
(Answer:)



Reference

There are faxes for this order.

Compose a 2-4 page report, single-spaced, on the following topic. Be sure to illustrate your report with relevant financial numbers and data, and to explain the significance of this data.

BACKGROUND INFORMATION: During the Carter administration, long-term US Treasury yields exceeded 15%, and short-term T-Bills yielded near 20%. After Reagan's inauguration, interest rates began to fall as Fed Chairman Volcker's restrictive monetary policy succeeded in containing inflation. Over the past 25 years, US rates have steadily declined: T-Bills are hovering under 1% and the long bond is yielding about 4%.

Lately, though, rising oil prices have incited inflationary forces. China and other developing nations have increased their consumption for oil, metals, materials, and food. Thus, both foreign and domestic factors have spurred demand and are contributing to rising prices on a global scale. In addition to this commodity-induced inflation, US consumers are faced with rising costs for essential services such as healthcare and education.

The Chairman of the Federal Reserve, Ben Bernanke, is faced with a dilemma. Should the Fed increase rates to contain inflation; or, should the Fed keep rates very low to spur the US economy which is beset by a collapse in home values, an extensive banking crisis, and a faltering stock market ?

YOUR ASSIGNMENT: Given this economic background...Compose a 2-4 page report, single-spaced, on the following topic: If the Fed decides to raise interest rates next year, what effect would rising rates have upon the following: (1) Consumer financing for big-ticket items such as autos and homes; (2) the present and future values of annuities; (3) the NPV calculation; (4) the WACC; (5) corporate earnings ?

Be sure to illustrate your report with relevant financial numbers. Hint: for topic (3), above, one approach you might adopt is to cite the NPV calculation from the previous case problem, then to contrast it against a new calculation performed with a higher interest rate. Cite the numeric effect upon the NPV, and then explain its rationale and its significance. This is the kind of "numeric illustration" that you should provide for each of the five topic sections.

One of the most critical outcomes of armed conflict is the impact on societies. Armed conflict has far-reaching effects and substantially impacts societies. Below is a list of conflicts the United States fought after 1918.

Choose one (1) conflict from the list below:
World War II
Korean Conflict
Vietnam Conflict
Cold War
Analyze two to three (2?3) major consequences the conflict had on United States? society.
How did this war affect American sensibilities, including the way Americans viewed the war and themselves?
Did the war change America?s role in the world? Explain your answer.
Was the outcome of the war beneficial or detrimental to the United States (or a combination both)?
Note: The scope of this assignment is to analyze how U.S. society changed due to armed conflict and not to provide a summary of the conflict.

Resources:

Article
The Revolutionary War
Americans first engaged in war during the founding of their country. By 1775, colonists in America were distinguishable from their British counterparts in a variety of ways. The colonists lived their lives without a formal aristocratic class. Also, many more colonists were in possession of real property than in Britain, had a lower rate of poverty, and were more agrarian than those living on the British Isles. Furthermore, the colonists were more religiously pluralistic. Such differences led to escalating tension as the colonists saw themselves as increasingly divergent from their Old World counterparts.

Specific events that led to the Revolutionary War include a series of acts in which the British Parliament placed restrictions or increased taxes on the colonies. Perhaps the most notable was the Stamp Act of 1765, which was imposed upon the colonies after a costly seven-year war with France, known as the French and Indian War. Colonists protested the Stamp Act because they felt it amounted to taxation without parliamentary representation.

Colonists also disagreed with a provision in the act which stated that those who violated the Stamp Act would be tried in court without a jury. Subsequent taxes were levied, including a tax on tea that famously led colonists dressed as Native Americans to destroy 342 containers of tea in Boston Harbor, which later became known as the Boston Tea Party. The British government responded harshly to these protests, especially in Massachusetts. Subsequently, the colonists countered with boycotts. This culminated in a meeting of the First Continental Congress in 1774 to organize resistance against the British government. By April of 1775, skirmishes at Lexington and Concord prompted a Second Continental Congress to meet, in which George Washington was appointed commander-in-chief of the Continental Army. In 1776, the Continental Congress approved the Declaration of Independence, effectively declaring war against the British.

The Revolutionary War had far-reaching consequences. Not only did it result in the formation of a country bound to become extremely powerful and influential in later centuries but it also foreshadowed independence movements and revolutions in the New World and Europe. The American Revolution provided a model for the later revolutions in France and against the colonial dominance of Spain in the New World. The revolution also resulted in an early experiment in democracy, constitutional government, and an adherence to the rule of law as opposed to monarchy and aristocratic privilege. Following the revolution, middling elements of American society began to participate more often in the political process. Ideas like liberty and freedom, fundamental to the American Revolution, raised questions that eventually eradicated ancient institutions such as slavery and instituted universal suffrage, slowly broadening democratic institutions to encompass all citizens and eliminating privilege.

Although the Revolutionary War won American colonists their independence from Great Britain, serious tensions still existed between Britain and its former North American colonies. In fact, British ships routinely interdicted American shipping vessels, often oppressing American citizens in the process, thus agitating relations between the two countries. Following a failed embargo of British goods, President James Madison presented Congress with a report maintaining that American settlers in the northwest were being raided by Native Americans who were agitated by the British. Convinced that military action was necessary, the United States declared war in 1812.



Article
The War of 1812 and the Civil War
The War of 1812

The War of 1812 brought about three major developments for the United States. First, the war resulted in the destruction of the ability of Native American tribes that bordered the United States to resist future expansion westward. Second, it led to the normalization of the United States' borders with Spain and Britain, leading to greater clarity of the United States' western borders. Lastly, it led to the marginalization of the Federalist party, which had fervently resisted the war. After the resounding defeat of British forces at New Orleans and the signing of the Treaty of Ghent, many labeled the Federalists as traitors, a moniker from which they never recovered.

The Civil War

After the War of 1812, the United States experienced relative peace for the next few decades. However, growing tensions over the United States' expanding borders, federal authority, and civil rights led to the costliest war in U.S. history. Fundamentally, the American Civil War was caused by irreconcilable differences between free states in the north and slave states in the south. As the United States expanded, questions arose as to whether or not newly acquired states would become slave-owning states or states that relied upon free labor. In 1860, following the failure of the Missouri Compromise and the Compromise of 1850, both of which sought to divide U.S. territory into areas where slavery would remain and other areas in which it was banned, the election of Abraham Lincoln brought about the first state secessions. South Carolina seceded from the Union that year, fearing that President Lincoln would appoint antislavery officials, military personnel, and judges, and impede the movement of slavery into U.S. territories. Many more states seceded shortly thereafter. The war officially began 1861, when Lincoln made the decision to resupply Fort Sumter, a federally-held fortification in southern territory.

The Civil War had many effects on American society. Perhaps most importantly, the U.S. Constitution was amended for the first time, in an attempt to exclude race as a barrier to citizenship and full and equal participation in civil society. Though even amendments to the Constitution failed to deter harsh discrimination and institutional inequality, the aftermath of the Civil War demonstrated that the federal government could indeed play a role in changing American society in relation to race and civil rights. Secondly, it established a precedent in which secession from the United States would not be voluntary. Economic reforms were also institutionalized. Once again, the federal government chartered banks and also temporarily imposed an income tax. The federal government granted land for massive railroad construction projects, vastly increasing the effectiveness of U.S. infrastructure. Lastly, the end of the war freed large amounts of people to settle western territories, soon leading to the induction of new states to the Union.





Presentation
World War I
The origins of World War I are particularly complicated. However, they can be traced back to the assassination of Archduke Ferdinand of the Austro-Hungarian Empire in 1914. The assassination was performed by a young Serbian with indirect ties to the Serbian government. The Austro-Hungarian Empire, committed to punishing Serbia for its involvement in the assassination, invaded it. Within weeks, because of a series of political and military alliances, most of Europe had mobilized for war. After a century of nearly uninterrupted peace, most Europeans believed that large-scale, protracted war was anachronistic. However, as the western front drew to a stalemate, the eastern front failed to reach swift conclusions, and the death toll reached numbers never witnessed before, it was soon realized that warfare in the modern world was certain to be even more costly than in past eras.

Despite the growing casualties in Europe, the United States attempted to stay neutral, though U.S. foreign trade heavily favored Britain and France. U.S. trade preferences eventually led to tension with Prussia over unrestricted submarine warfare. Believing that the U.S. military response would come too late to affect the war, Prussia decided to take the risk of inciting America to war. In 1917, expecting to defeat Britain and France within less than a year, Prussian military strategists made the decision to resume unrestricted submarine warfare to further debilitate allied war efforts. That same year, a plot was uncovered that was to incite Mexico into war against the United States with Prussian assistance. Acting in what would become known as the Zimmerman Telegram, Prussian diplomats agitated for armed conflict in North America, which they believed would distract the United States from interfering in the European theatre of war. Because of this, President Woodrow Wilson received a declaration of war from Congress in 1917.

Most of the consequences of World War I can be seen in the events that led to World War II. Following the defeat of Prussia, Austria, and Russia, all three countries suffered profound changes. Russian failure led to the Bolshevik Revolution in 1917, which established the first functioning Marxist government, known as the Soviet Union. The Austro-Hungarian Empire also crumbled, transforming Austria from a massive state to a much smaller, far less significant country, leading many in Austria to favor union with Germany just before the beginning of World War II. Prussia was reconstituted under the new name of Germany, reflecting the end of the Prussian monarchy and the establishment of a democratic state. More importantly, however, the heavy financial reparations, geographic losses, and military restrictions, which crippled the newly reconstituted German state, directly led to another, even more destructive war 20 years later. Furthermore, from the ruins of central European empires, new countries were established, under the principle of nationalism, for many nations that were previously part of much larger, pan-national states.

Political events that came about as a result of World War I included the League of Nations, which was established in an effort to resolve diplomatic disputes before large-scale war could occur again. Though the League was largely ineffective, this was the first time such an institution was attempted. Technologically, World War I introduced the use of airplanes, tanks, chemical warfare, and other mechanized innovations, all of which profoundly changed modern warfare.

Most importantly for the United States, World War I marked the beginning of the U.S. as a globally important country. For the first time, the United States directly intervened in a conflict on the European continent. Though American politicians eventually chose to extract themselves from European concerns and adopted an isolationist position, the United States would no longer be able to permanently withdraw from international significance.



Article
World War II
Widely viewed as an extension of World War I, the Second World War arose from German animosity toward the heavy punishments and restrictions imposed upon the country in the Treaty of Versailles. Soon after the United States entered into WWI, Prussian military forces collapsed, leading to the surrender of both Austro-Hungary and Prussia. Forced to pay heavy indemnities, demilitarize, capitulate all colonial possessions, and forfeit large territories in the East, the newly constituted German state (formerly known as Prussia) suffered under burdensome Allied demands.
Known as the Weimar Republic, the democratic German state experienced a stabilization of political and social life during the relative economic peace of the 1920s. However, once the economic turmoil of the American stock market destroyed a delicate balance of international loans and payments, the 1930s revealed how difficult it was for Germany to function under the terms of peace to which it had unconditionally surrendered.

As economic situations worsened, radical political movements slowly gained favor among significant minorities of voters. By 1933, one of those parties, the National Socialist German Worker's Party (NSDAP), commonly known as the Nazi party, gained enough seats in the German Parliament to elect Adolf Hitler as Chancellor of the Weimar Republic. Under Hitler?s leadership, German foreign and domestic policy became increasingly belligerent. Later in 1933, the German parliamentary building known as the Reichstag caught fire. This resulted in Adolf Hitler taking full control of the government, after which he began to remilitarize and expand the borders of Germany. Hitler?s reoccupation of the Rhineland, annexation of Austria, invasion of Czechoslovakia, and signing of a secret nonaggression treaty with the Soviet Union, all culminated with the invasion of Poland in 1939. This action resulted in the beginning of another general European war.

Other countries within Europe and beyond were also expanding militarily. The Soviet Union, interested in regaining lost territories in Eastern Europe, remilitarized under Joseph Stalin, which resulted in the conquest of the Baltic States, Finland, and part of Poland. In Italy, Bonito Mussolini seized political control in a coup in 1922, introducing fascism to Europe. His invasion of Ethiopia was a prelude to war in Europe. In Japan, imperialist forces rapidly expanded into Korea, China, and the Pacific, precipitating war by the early 1930s.

The United States' involvement in WWII came as a direct result of the bombing of Pearl Harbor in 1941. However, the bombing of Pearl Harbor was not a spontaneous occurrence. U.S. and Japanese relations were degrading for years prior to that event. The 1937 Japanese invasion of China incited objections by the United States and the League of Nations. Japanese invasion of French Indochina and other aggressive acts in the Pacific convinced the United States to embargo oil exports to Japan. Japanese military strategists eventually found that U.S. presence in the Pacific was detrimental to their expansion in the region. The attack on Pearl Harbor was an attempt to eradicate the U.S. presence in the Pacific with one debilitating military strike. Instead, it led to a protracted, costly war in the Pacific and a total loss for Japan.

A major consequences of World War II was the emergence of the United States as a globally-important political and economic power. With Europe economically ruined from war and industrially incapacitated, the United States emerged as the only western state able to counter total Soviet expansion throughout Europe and large portions of Asia. Europe was split into an western, American-supported portion and a pro-Soviet eastern portion. Also, in the United States, the war ended the Great Depression and brought about a long period of economic and industrial expansion. American women entered the workforce in large numbers for the first time, which later initiated the modern feminist movement. Likewise, minority participation in the war and in domestic labor initiatives sparked further petitions for equality and civil rights.

Furthermore, the United States' policy makers and the public at large no longer felt that it was prudent to allow world events to unfold without American influence. The Soviet Union maneuvered to spread its influence within Europe and throughout the world. Soon, it became obvious to American policy makers that the Soviet Union, openly hostile to western democratic states and unwilling to allow free elections within the Soviet Union or in countries under its influence, needed to be contained. However, western states were unwilling to risk an open and comprehensive war with the Soviet Union. Instead, the next few decades saw regional conflicts emerge along with other indirect conflicts with the Soviet Union. This time period is often referred to as the Cold War.



Presentation
Presentation: America and the Great War
America and the Great War


June 28, 1914, America awakes to the news of the assassination of an Austrian prince in the town of Sarajevo, the capital of Bosnia Herzegovina. To the common man, the obscure events unfolding over there were of little concern. How were they to know that less than 2 months later, the guns of August would herald the beginning of the largest conflict the world had ever seen?
As the events unfolded in Europe, America began to feel the repercussions in the form of an increased demand for war materials to wage the growing conflict. On the high seas, both England and Germany interfered with American vessels? right of free passage, which brought stern condemnation from President Wilson and the American Congress. Events worsened with Germany?s announcement of a policy of unrestricted submarine warfare in the Atlantic. President Wilson warned Germany about the dire consequences of this policy, and Germany relented.

President Wilson would win reelection on the popular belief that his policies had kept the United States out of the war in Europe; however, on January 31, 1917, Germany would once again resume unrestricted submarine warfare in the Atlantic. By April, 1917 Germany had sunk five America vessels, leaving President Wilson with little choice but to ask Congress for a declaration of war, which was quickly approved. From the farm to the factory, America would mobilize for war on all levels of society.

Although seen as the junior member of the allied nations at war with the Central Powers (Germany, Austria, Turkey), the fresh troops from America played key roles in shoring up the now tired and war-weary soldiers of Britain, France, and Italy (the Triple Entente). They were instrumental in stopping the last great German offensive of the war in the summer of 1918. They would repeat this role in the fall Argonne offensive, which broke Germany's Hindenburg Line and started the German retreat back into Germany. Germany, sensing defeat, began secret negotiations for a cessation of hostilities in October of 1918. By November 11th, an armistice was signed ending the war to end all wars.

President Wilson's hope was for a peace treaty that would be fair to all parties. But Britain and France would force the Treaty of Versailles on Germany that would place a heavy burden on Germany. President Wilson?s other dream of America joining the new League of Nations was also to be met with failure. America would revert to its position of isolationism, which had been its stance on world issues before the war.



Article
Korean and Vietnam Conflicts
Following the collapse of Imperial Japan in 1945, American troops occupied South Korea, while North Korea was occupied by Soviet troops. Following an uneasy five years of peace, the fall of China to communism prompted North Korea to invade South Korea. North Korean aggression, militarily supported by the Soviet Union, was also precipitated by a perceived weakness of American commitment to South Korea. Indeed, North Korean armies soon captured Seoul, before a United Nations (UN) force, comprised mostly of American troops, pushed North Korean armies back to the 38th parallel, where the border remains to this day.
A variety of consequences occurred as a result of the Korean Conflict, which ended in 1953, with thousands of fatalities but no clear victor and no peace treaty signed. The North continued to be occupied by communist forces, and the South became an American ally. Also, Korea illustrated how a relatively contained conflict could turn into a much broader regional conflagration. As the conflict escalated, there were points in time in which China and the Soviet Union could have conceivably been drawn into the conflict, potentially resulting in another regional, or even general war. Perhaps most importantly, Korea illustrated how tensions between the U.S.S.R. and the United States could become full-scale armed conflicts. Other long-term consequences include the establishment of permanent nuclear installations in South Korea and the commitment of conventional U.S. military equipment and troops to South Korea for decades afterwards.

Although the cause of the Korean Conflict remains relatively simple to explain, the origins of the Vietnam Conflict are more complex and its development far more gradual. The Vietnam War began in the 1950s. After the decisive defeat of French colonial forces by Vietnamese nationalists in 1954, the French government sued for peace. It soon became obvious that Soviet political involvement would result in a communist-controlled Vietnam, soon after independence was arranged. Instead, after peace talks in Geneva, Vietnam was split into a northern region, dominated by the Communist party of Vietnam, and a French-controlled southern region. Free elections were to proceed in 1956, after which a reunification of the two regions was planned. However, once the Eisenhower administration came to the conclusion that even free elections would result in a Vietnam governed by communists, President Eisenhower and Secretary of State John Dulles supplied the South with sizeable military support.

Elections were indeed held in 1956, leading to the election of Ngo Dinh Diem. Diem, a staunch anticommunist, was eventually assassinated in 1963, just weeks before the assassination of President Kennedy. Further destabilization occurred in 1964, when North Vietnamese forces launched an attack against patrolling American naval vessels, giving President Johnson the political capacity to expand American involvement in Vietnam. U.S. aerial bombing operations quickly led to American ground force commitments in 1965, and a full-scale armed conflict erupted.

In many ways, the consequences of the Vietnam Conflict are as complicated as the event itself. However, some clear results can be identified. After the evacuation of U.S. forces from Saigon in 1975, North and South Vietnam were unified under one government, the Socialist Republic of Vietnam. In the United States, the experience of Vietnam was far-reaching. Vietnam not only resulted in the longest conflict in U.S. history and the most controversial conflict of the 20th century, but it also led to the establishment of a military draft. This is an event that has not been experienced in the United States since that period. The draft led to a decrease in the voting age to 18, which was also the age at which an American male could be drafted.

Other important legislative changes include the passage of the War Powers Act (1973), requiring U.S. presidents to receive explicit approval from Congress before forces could be deployed overseas for combat purposes. Politically, the conflict resulted in an aversion to further American casualties, which fundamentally changed U.S. intervention in later international conflicts. The Democratic party also experienced serious consequences in 1968. Democratic voters, split over U.S. involvement in Vietnam, divided their votes between Hubert Humphrey and George Wallace, resulting in a Republican presidential victory and a Democratic party whose politics were changed fundamentally. Economically, the Vietnam Conflict resulted in inflation as spending for Vietnam continued, but the United States remunerated largely through monetizing of the money supply.



Article
The Cold War
The origins of the Cold War lie in the immediate conclusion of World War II. Very shortly after Imperial Japan and Nazi Germany were defeated, two former allies, the Union of Soviet Socialist Republics (USSR) and the United States, began to perceive each other as global competitors. Soviet unwillingness to cooperate with the United States and Western Europe manifested in 1948.

In an attempt to economically revive West Germany, the Allies announced establishment of a West German currency, independent of Soviet influence. The USSR, wary of German revival, established an independent currency for East Germany as well, and blocked all transportation routes into the city of Berlin in an attempt to force the Allies to abandon the city. In response, the Allies initiated an airlift of food and other supplies, rendering the blockade ineffective by 1949. Slowly, as it became obvious that life in the Western parts of the city was more preferable to life in the Eastern parts, a wall was built to keep the communist section of the city partitioned and its people sequestered.

Trouble over the city of Berlin also precipitated the creation of the North Atlantic Treaty Organization (NATO) in 1949, to contain the Soviet aggression in Europe. The Soviet Union reacted by establishing a mutual defense treaty, known as the Warsaw Pact, in 1955. By the late 1950s, the Cold War in Europe had become a stalemate. However, this indirect conflict shifted to other portions of the world. Open conflicts such as the Korean and Vietnam Wars are examples of the Cold War turning decisively hot.

Many historians trace the beginnings of the Cold War to the Berlin Blockade of 1948. The conflict did not end until decades later, when the Soviet Union collapsed in 1991. Because of the Cold War?s length and the fact that it was fought indirectly, many of the consequences of the Cold War were indirect. The long struggle demonstrated to most observers the superiority of the Western economic and political systems. Western economies continuously outperformed the Soviet Union's and provided higher standards of living for their citizens. Furthermore, the politically and socially transparent nature of Western societies resulted in a greater ability to satisfy the needs of their citizens.

There were other effects of the Cold War beyond ideologies, however. Massive investments in military technology eventually led to tremendous benefits for civilians when that technology was applied to peaceful pursuits. This was perhaps most evident in the microcomputer industry, where technological innovations routinely found application in the civilian world. The United States also resolved to expand infrastructure, creating the interstate highway system.


Resource Links
The Coming of the American Revolution
(http://www.masshist.org/revolution/topics.php)
This site contains information related to the American Revolution including links that discuss key events that led to the revolution. Title: America in the British Empire

Effects of the American Revolution
(http://colonial-america.suite101.com/article.cfm/effects_of_the_american_revolution)
This article provides insight into the effects that the American Revolution had on political, economic and cultural aspects of the United States.

The Formation of the National Government
(http://www.america.gov/st/educ-english/2008/April/20080407113358eaifas0.9864771.html)
This article describes events that shaped the national government. The events or topics discussed include: The Articles of the Confederation, U.S. Expansion, and The Constitutional Convention.

The Unfinished Revolution
(http://www.nps.gov/revwar/unfinished_revolution/war_of_1812.html)
This article describes the War of 1812 and how that war solidified their independence.

An Overview of the American Civil War
(http://www.civilwar.org/education/history/civil-war-overview/overview.html)
This article describes key events that led to the Civil War. It includes a discussion on what started the Civil War as well as key battles in this historical event.

The United States Civil War
(http://www.us-civilwar.com/)
This site provides several links related to the Civil War including battles, timelines, leaders and causes of this war.

How it Began
(http://www.firstworldwar.com/origins/index.htm)
This site provides several multimedia resources related to WWI including the causes and effects of the war.

The Origins of World War One
(http://www.bbc.co.uk/history/worldwars/wwone/origins_01.shtml)
This article provides a unique perspective on the first world war and its beginnings.

World War I
(http://www.gilderlehrman.org/teachers/module.php?module_id=438)
This web page describes the events and the consequences that occurred because of WWI.

The Great War and the Shaping of the 20th Century
(http://www.pbs.org/greatwar/thenandnow/)
This article describes how the impacts of the first world war can be seen in the modern world.

World War II
(http://www.history.com/topics/world-war-ii)
This History Channel link provides various multimedia educational videos and photo galleries discussing key events of WWII.

Guided Readings: America at War: World War II
(http://www.digitalhistory.uh.edu/database/subtitles.cfm?titleID=75)
This site provides links to key events that occurred during WWII. Some of these events include The Holocaust, Pearl Harbor and The Coming of World War II.

U.S. Relations: The Korean War
(http://www.pbs.org/newshour/indepth_coverage/asia/northkorea/relations.html)
This article briefly discusses the Korean War and how this has impacted the Korea?s relationship with the U.S.

Battlefield Vietnam: A Brief History
(http://www.pbs.org/battlefieldvietnam/history/index.html)
This article provides insights into the beginning and progression of the U.S. involvement in the Vietnam conflict.

The Berlin Blockade
(http://www.pbs.org/wgbh/amex/bomb/peopleevents/pandeAMEX49.html)
This article discusses the Berlin Blockade, a significant at the beginning of the the Cold War.

The Berlin Wall
(http://www.u-s-history.com/pages/h1867.html)
This article discusses the erection of the Berlin Wall and its impact on beginnings of the Cold War.

Topic: Economic Impacts of Regulation

Description: The paper should be an economic analysis. It should set the arguments to answer the focus and critical analysis questions with the latest data and ideas from refereed articles.

Format:
1. Introduction and Objective
2. Literature Review
3. Economic Analysis (main body of the paper)
4. Summary and Conclusions

Class: Information Technology
BIA
In order for an organization to develop an effective business continuity plan or disaster recovery plan, it must know what information assets it has, their impact on business operations, and the criticality and priorities associated with the information systems and assets. The primary objective of a business impact analysis (BIA) is to identify the assets that are required for continued business operations in the event of an incident or disaster. Thus, a critical step in the development of an effective BIA includes establishing component priorities and determining component reliance and dependencies. Additionally, organizational personnel must know their responsibilities during recovery efforts.
Write a four page paper in which you:

1. Describe the methods for establishing component priorities, including:
a. Business functions and processes
b. BIA scenarios and components
c. Financial and service impact of components not being available
d. Recovery time frameworks
2. Describe the methods for determining component reliance and dependencies, including:
a. Component dependencies
b. Resources required to recover component in the event of failure
c. Human assets needed to recover components
3. Provide recommendations for the development of the BIA, management and other personnel responsibilities, and educating company personnel that would be involved in the recovery efforts.
4. Use the following resources in this assignment:
1. http://www.ready.gov/business-impact-analysis
2. Security policies and Implementations issues(see attachment)
3. Information Security principles and practices(see attachment)
4. Choose one more


Please follow these formatting requirements:
? Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA format.

write a brief on a current event related to financial management from the perspective of a
multinational corporation.In a write-up, you should summarize the event, discuss its relevance to exposures that confront multinational corporations, how
such exposures impact business strategy and operations, and how they can be mitigated.
Specific topics will include currency fluctuations, measuring and hedging exchange rate
risk, comparative capital structure, multinational investment, and international capital
budgeting. you should try to address
analytical and decision making skills that enable you to devise creative risk management
strategies to assist the firm in achieving its financial and investment goals in an
international setting.

I NEED A RESEARCH PAPER ON " SOCIAL IMPACT OF GAS PRICE IN AMERICAN SOCIETY.
I REQUEST YOU TO FOLLOW ALL MLA GUIDELINES(PAGING,INDENTING,CITATION,PARENTHETICAL ,DOUBLE SPACING, A GOOD WORKS CITED.) I NEED IT IN FIVE DAYS.
I NEED SIX PAGES.

Format: Report

Essay:
Management and Leadership-
Drawing on your reading about Leadership, your professional development logs and narrative work; Analyse the impact of Management and Leadership styles on different work situations, evaluating how styles can be adapted.



1- Research a range of management and leadership styles in different situations within your organisation or any organisation you are familiar with.
2- Evaluate how these styles can be modified where necessary.

You will need to explain the link between strategic management and leadership; in addition, you will need to use examples to explain the links between functions, with particular emphasis on meeting strategic objectives.

TITLE- Impact of international financial institutions on public health in developing countries (this is a critical analysis)

THIS ASSIGNMENT AIMS TO TEST YOUR ABILITY TO:
o assimilate relevant information from a variety of sources and settings and to communicate this from a global public health perspective;
o demonstrate appropriate reasoning, analytical and judgement skills;
o demonstrate knowledge of multivariate factors affecting global public health;
o demonstrate ability to critique, analyse and debate key public health issues from various perspectives; and
o handle uncertainty, challenge and conflict.


? The essay is expected to demonstrate students systematic and in-depth knowledge of public health issues in the global context;
? The concepts and terms described in the essay should be well defined with the appropriate reference to the literature as well as students own understanding
? There should be an appropriate balance between theoretical presentation of the topic and its practical implication in public health
? A wide range of literature sources providing contrasting and/or contradictory opinions should be provided, correcly referenced and discussed within the context of the essay. Minimum 25 references are expected within this essay
? The references should included academic books and textbooks; peer reviewed publications from the academic journals; and reports by national and international organisations;
? Where Internet sources are used, these should reliable and evidence-based sources and correctly referenced with the website address and date

Good books;
Baggott, R. (2000) Public Health: Policy and Politics. Palgrave, London.
Beaglehole R, Bonita R. (2004) Public Health at the Crossroads 2nd edition. Cambridge: Cambridge University Press.
Commission for Macroeconomic and Health (2001) Globalisation and Health: A Framework for Analysis and Action, http://www.cmhealth.org/docs/wg4_paper10.pdf
Millennium Development Goals, http://unstats.un.org/unsd/mi/pdf/mdglist.pdf
Scriven A and Garman S. (2005) Promoting health: global perspective.. Basingstoke: Palgrave Macmillan


(I am looking for a 1st class honours)

This is for an Entrepreneurship class

Developing A Financial Strategy
Research Paper is to be Five (5) pages of your thoughts. No pictures, graphs or photographs, no bullets, numbers or ABCs.

Please provide:
2 pages (copies of source where research was obtained 1st
2 pages (copies of source where research was obtained 2nd
Cover Page

This is a case study on the rapid rise and decline of revenue within a public school district. The focus of the dissertation is on a specific district, but the methodology should focus on qualitative research, interviews of past and present of board members and present and past superintendents and the leadeship qualities necessary to navigate through difficult financial times. The goal through the research is to see if characteristics exist that can be identified as leadership qualities that will help other districts through similar tramatic events.

Present an objective perspective of the selected issue ( The impact and cost of long term care on the family.
Diverse arguments need to be given fair and equal recognition.
Include evidence and complete documentation using policy based research.
Use various sources to support points.

Outline of the research Paper.
Define issue
Evidence and documentation regarding issue
Present the pro- and con argument
Issues left unaddressed
State the impact of this issue on special populations and people of color
Discuss the social justice implications
Summarize the contents and major points of your paper

2. Internet Article
Using the Electronic Reserve Readings (ERR) for Managerial Finance I, the Course Web Links, University Library, Internet, and/or other sources of literature, locate an article that discusses ethics in a financial business context. Write a 700-1,050-word paper analyzing the impact of financial ethics on business.

* I will send a .pdf article in emial THIS MUST BE CITED in the paper. I have a ebook in .pdf 12MB that should be used as a reference for any statements that is not common knowledge. Both will be attached in email.

Utilize annual report 2006 year of Bank of America
http://media.corporate-http://media.corporate-ir.net/media_files/irol/71/71595/reports/2006_AR/index.html

Report to be approx 7 pages in length including charts &/or graphs. APA format with citations as necessary.

Include:
-Recent changes in the selected financial institution i.e. mergers, new product offering, etc...
-Presentation of current Balance sheet & Income statement. Discuss any significant variances from prior year.
-Future expectations.

Case analysis:

How the financial Statements tells a companies story i.e. the balance sheet, income statement, cash flow statement, statement of stockholders equity, footnotes, the articulation etc. In other words from a finance perspective how using the combination of financial statements tells you every thing you need to know about that company.

Company Name: Costco Warehouse (www.costco.com)

Need a total of 12 pages (to be broken into the following:


The first 2-pages are to be setup like a proposal:
Telling me something about the company you will focus on (Costco Warehouse) to analyze the companys financial performance, topic How the Statements tell a story


The remaining 10 pages (same subject, same title etc.) must be written as a case analysis report (APA style) must have the following criteria:

report, should include the following elements:
- Abstract
- Introduction
- Research objectives, goals, and approaches
- Data, tables, figures, and survey/research results
- Quantitative and qualitative discussion
- Conclusion
- Recommendations for the future
- References (literatures, Web sites, etc.)

Note: The APA style primarily in the areas of in-text citation and References List is VERY IMPORTANT.

Describe the current financial market of Hong Kong. Specifically in the airline transportation area. Is this a good timing for an airline based in Hong Kong to issue its IPO now? if yes, what are the reasons and advantages. What are the key points that will lead to a successful IPO.

he Final Project will involve applying the concepts learned in class to an analysis of a company using data from its annual report. Using the concepts from this course, you will analyze the strengths and weaknesses of the company and write a report either recommending or not recommending purchase of the company stock.

The completed report should include:

An introduction to the company, including background information.
A complete and thorough financial statement review.
Pro Forma financial statements (Balance Sheet and Income Statement) for the next two fiscal years, assuming a 10% growth rate in sales and Cost of Goods Sold (COGS) for each of the next two years.
Complete ratio analysis for the last fiscal year using at least two ratios from each of the following categories:

a. Liquidity
b. Financial leverage
c. Asset management
d. Profitability
e. Market value

Calculate Return on Equity (ROE) using the DuPont system.
Assess management performance by calculating Economic Value Added (EVA).
Review of the soundness of the company?s financial policies (e.g. capital structure, debt, leverage, dividend policy, etc.) based on the material covered during class.
A synopsis of your findings, including your recommendations and rationale for whether or not to purchase stock from this company.

This report should be 15 ? 20 pages long excluding title page and reference page(s)

A term paper about the impact of Electronic Commerce as it relates to the financial markets. Electronic Commerce (defined in the broadest sense). The writer should conduct some research and perform analysis on some meaningful organizational, managerial, technological, social, ethic, legal, security, or international aspects about Electronic Commerce that the writer is familiar with and/or interested in, and write a report.

The report should be prepared as follows:

include a title page, an executive summary (or summary or abstract), (3-6) key words, the body of the report, references, and appendix if any;

- including at least one table and one figure (or diagram or graph);
- insert a number on each page (except the cover page);

Globalization Research Paper

*5 Pages, minimum of 3 references, including in-text citations
*APA Format

*Discussion of impacts of globalization (companies, people, projects, or technology)
Give 2 specific examples

*Analysis of outsourcing from an IT perspective
Type of system(s) required for outsourcing
Minimum 2 examples

*Ethics of outsoutsourcing
Address the technological and social variables impacted by a decision to outsource
Give examples of both local impact (home country) and global impact (outsourced country)

1. Complete the Cost-shifting Learning Activity in a Word document. This activity is located on pages 1 to 5 in the supplement workbook, Practice Problems and Case Study. What you are submitting is the Self-Quiz on page 5.

2. Discuss in an essay (minimum word count 100 words, double-spaced, how working on financial practice problems can help students to apply key concepts and principles.



Put parts one and two in a Word document (50 points) Remember ALL submissions need to be in APA format!


There are faxes for this order.

I will upload the original copy of the guideline and the information (ratios) you need to write this paper. I do not think you need outside resources for tis paper. I will also update you if there is something else to know.

Guidelines Financial Statements.WASABI
Background
Lecture 8 covered financial statements and their analysis. As pointed out in class, one of the questions to bear in mind when analyzing financial statements is, How is this company doing?

For your assignment
There is an income statement and a balance sheet for Shisa Wasabi Company in the class notes and at the end of this prompt (I will upload them). Assume you are in the Investments Department of a large company. Your supervisor, Kim Goyal, has asked you to examine this company as a possible opportunity for investing $500,000. Using the materials provided and the class lecture, write a response (2 pages) with your recommendation. Remember from the B&K text: Issue, Conclusion, and Reasons. Use tables or charts (perhaps, ratios) as you feel necessary. Bear in mind that Kim is a busy person and believes decisions can be made if two or three major points are known.

The covermemo is based on the paper you wrote (summerization) . They have to be single spaced (elaborate, do not make the reader search the report), this makes total 3 pages including the anaylsis.

Presentation
?-? Cover memo (1 page) - Single spaced, clear distinction among major issues, recommedation, concluding remarks
?-? Analysis/report (2 pages)
?-? 1 margins on all sides
?-? 11 or 12 point font
?-? Use subtitles if you feel they are appropriate
?-? Page numbers in the center at the bottom
There are faxes for this order.

Customer is requesting that (infoceo) completes this order.

Writing Assignment #3 will be a research-supported essay.
Analyze the impact of technology on a field of study of your choice.

a. The impact of mobile devices on cybersecurity

Courses that fulfill the General Education Requirements (GERs) at UMUC all have a common theme?technological transformations. In following this theme throughout this semester in WRTG 101, we have read the analyses of various authors on innovations and technological transformations in education and in other fields.
In this essay, you will continue this theme of technological transformations.



Outline for the essay
The essay should have the following elements:

? an engaging introductory paragraph. You might even want to cite sources in the opening paragraph to make your opening engaging to the reader.
? an effective and clear thesis statement
? a statement of definitions and background on the topic on which you are writing.
o You will want to define any terms necessary for the reader.
o You may want to provide a historical background on your topic.
? unified, supported, and coherent body paragraphs that defend the thesis
? sources cited throughout the body paragraphs that support the arguments in the paper
? an effective conclusion
? a ?references? page that lists the sources cited. The references should be listed in APA format.


The sources and citation format for this essay
You are required to use at least six sources for this essay.

At least four sources must be acquired through the databases subscribed to by UMUC?s Information and Library Services. In addition, at least three sources are to come from scholarly journals.

Keep in mind that if the sources are scholarly, the argument you make in the paper will be more persuasive. For this reason, feel free to use all scholarly sources if you can.

In addition, please feel free to cite more than six sources. You may find that seven or eight sources (or more) are necessary to establish your argument and defend your thesis. Please do not feel limited to using only six sources. Use more if you would like to or need to.

Please cite your sources and list them at the end of your paper using APA format.


Length: 1300-1500 words

?

The strategy for this essay:
This essay can be a persuasive essay, in which you try to persuade the reader of a particular position. Or it can be an expository essay that synthesizes material, an essay in which you give information to the reader and synthesize the different viewpoints on an issue. The following examples help illustrate these two approaches.

For a persuasive essay, you could take the position that video games should be integrated into school science curricula to teach middle school students. You would cite articles that demonstrate research studies and other pieces of evidence to support the claim that video games can enhance instruction in science classes and will help middle school students learn science more effectively.

If you write a persuasive essay, please follow one of the following three options for organization:

? Classical (deductive) approach
? Inductive approach
? Refutation approach

More information on these three styles is given in the following video tutorial:
http://info.umuc.edu/academicwrtg/WRTG101_101S/wa3_lecture_f.html

For an expository essay, you could synthesize information on this topic, one that summarizes and analyzes the evidence for and against using video games in school curricula.


Due Date
The final draft of this assignment is due Saturday, March 8.
How to Submit the Essay
You will not be graded on this first draft. You will receive comments from me, and you will revise the paper based on my comments. For this reason, please post your first draft, no matter how confident you feel about the paper. Your instructor will work with you in developing the paper.

I need a paperon The impact of affirmative action in the US.
APA Style - 2007
Please provide works cited/reference page.