Instructions: Write your name on your exam.                       

STUDENT NAME:______________________

The exam is individual work. It is to be your work and your work alone, with no assistance from classmates, family, friends or others.  Your completed exam is due by 11:59 PM, (upload to your Assignments folder).  Exams submitted late will be penalized 5 points for each day up to three days late.  Exams received more than three days after the due date will automatically receive an F.  Furthermore, by proceeding with the exam you are agreeing not to share the exam content or your answers with anyone, including students who may take FIN 610 in the future.

If the question involves a spreadsheet, you can attach the Excel spreadsheet.

Please read the questions carefully; there may be a little more to it than might be obvious at first reading. If you find a question challenging, don’t panic. Try to take the question in parts, working from what you know to what you are trying to solve.

Each question is worth 5 points. Please submit the answer sheet provided at the end of this exam only.

  1. Frank’s Dogs has beginning net fixed assets of $480 and ending net fixed assets of $530. Assets valued at $300 were sold during the year. Depreciation was $40. What is the amount of capital spending? 
    A. $10
    B. $50
    C. $90
    D. $260
    E. $390


Please use the following Income Statement and Balance sheet for Questions 2 to 6

 Income Statement for Fair Company2016     
 Revenue $     9,610     
lessCOGS $     6,310     
lessDepreciation $     1,370     
 Gross Income $     1,930     
lessS,G&A $            –       
 EBIT $     1,930     
lessInterest Expense $        630     
 taxable income $     1,300     
 Taxes $        455     
 Net Income $        845     
Balance Sheet for Fair Company      
Assets   Liabilities and Shareholder Equity   
 20152016  20152016 
Cash310405 Accounts Payable27202570 
Accounts receivable26403055 Notes Payable1000 
Inventory32753850 total current28202570 
Pre-paid expenses00 Long-term debt78758100 
total current $     6,225 $   7,310 Common Stock50005250 
Next fixed assets (PPE) $   10,96010670 Retained Earnings14902060 
 Total Assets$   17,185$ 17,980    $      17,185 $      17,980 
  1. What is the operating cash flow for 2006? 
    A. $845
    B. $1,930
    C. $2,215
    D. $2,845
    E. $3,060
  2. The 2015 equity multiplier ratio is : 
    A. 11.53
    B. 3.44
    C. 2.65
    D. 1.00
    E. cannot compute with numbers given
  3. What are the accounts receivable turnover?

A. 10.3
B. 3.44
C. 3.15
D. 3.37
E. cannot compute with numbers given

  1. What is the debt ratio for 2016?

A. 80.7%
B. 55.0%
C. 59.3%
D. 60.7%
E. cannot compute with numbers given

  1. What is the ROE (Return on Equity) for 2016?

A.     22.72%
 B. 13.02%
C. 59.80%
D. 18.75%
E. cannot compute with numbers given

  1. The Ajax Co. just decided to save $1,500 a month for the next five years as a safety net for recessionary periods. The money will be set aside in a separate savings account which pays 3.25% interest compounded monthly. It deposits the first $1,500 today. What is the value of this investment in 5 years? 
    A. $82,964.59
    B. $97,847.30
    C. $83,428.87
    D. $83,687.23
    E. $84,998.01

8. You are scheduled to receive annual payments of $10,000 for each of the next 25 years. Your interest rate is 8.5%. What is the value of this stream of payments?
A. $778,699
B. $900,217.67
C. $1,000,567.88
D. $786,677.92
E. cannot answer with given information

9. Consider a bond which pays 7% annually and has 8 years to maturity. The market requires an interest rate of 8% on bonds of this risk. What is this bond’s price? 
A. $ 942.53
B. $ 911.52
C. $ 941.74
D. $1,064.81
E. None of the above.

10. A General Co. bond has an 8% coupon and pays interest annually. The face value is $1,000 and the current market price is $1,020.50. The bond matures in 20 years. What is the yield to maturity? 
A. 7.79%
B. 7.82%
C. 8.00%
D. 8.04%
E. 8.12%

11. All else equal, the payback period for a project will decrease whenever the: 
A. duration of a project is lengthened.
B. cash inflows are moved earlier in time.
C. assigned discount rate decreases.
D. required return for a project increases.
E. initial cost increases.

12. Graphing the NPVs of mutually exclusive projects over different discount rates helps demonstrate: 
A. how decisions concerning mutually exclusive projects are derived.
B. how the incremental IRR varies with changes in the discount rate.
C. how the payback period and the initial cash outflow of a project are related.
D. how the duration of a project affects the decision as to which project to accept.
E. how the profitability index and the net present value are related.

13. Matt is analyzing two mutually exclusive projects of similar size and has prepared the following data. Both projects have 5 year lives.
Matt has been asked for his best recommendation given this information. His recommendation should be to accept: 
A. project B because it has the shortest payback period.
B. project A and reject project B based on their net present values.
C. both projects as they both have positive net present values.
D. project B and reject project A based on their average accounting returns.
E. project B and reject project A based on both the payback period and the average accounting return.

14. What is the net present value of a project with the following cash flows and a required return of 12%?
A. -$287.22
B. -$177.62
C. $177.62
D. $204.36
E. $287.22

15. What is the net present value of a project that has an initial cash outflow of $12,670 and the following cash inflows? The required return is 12.5%.
A. $-218.68
B. $-124.46
C. $-76.10
D. $549.65
E. $671.02

16. You are considering the following two mutually exclusive projects that will not be repeated. The required rate of return is 11.25% for project A and 10.75% for project B. Which project should you accept and why?

YearCash FlowProject ACash FlowProject B

A. project A; because its NPV is about $335 more than the NPV of project B
B. project A; because it has the higher required rate of return
C. project B; because it has the largest total cash inflow
D. project B; because it returns all its cash flows within two years
E. project B; because it is the largest sized project

17.   It will cost $2,600 to acquire a small ice cream cart. Cart sales are expected to be $1,400 a year for three years. After the three years, the cart is expected to be worthless as that is the expected remaining life of the cooling system. What is the payback period of the ice cream cart? 
A. .86 years
B. 1.46 years
C. 1.86 years
D. 2.46 years
E. 2.86 years

18. Jamestown Ltd. currently produces boat sails and is considering expanding its operations to include awnings for homes and travel trailers. The company owns land beside its current manufacturing facility that could be used for the expansion. The company bought this land ten years ago at a cost of $250,000. Today, the land is valued at $425,000. The grading and excavation work necessary to build on the land will cost $15,000. The company currently has some unused equipment which it currently owns valued at $60,000. This equipment could be used for producing awnings if $5,000 is spent for equipment modifications. Other equipment costing $780,000 will also be required. What is the amount of the initial cash flow for this expansion project? 

A. $800,000
B. $1,050,000
C. $1,110,000
D. $1,225,000
E. $1,285,000

19. A project will increase sales by $140,000 and cash expenses by $95,000. The project will cost $200,000 and be depreciated using the straight-line method to a zero book value over the 5-year life of the project. The company has a marginal tax rate of 34%. What is the yearly value of the depreciation tax shield? 

A. $8,500
B. $13,600
C. $22,500
D. $25,000
E. $37,750

20. Leslie’s Unique Clothing Stores offers a common stock that pays an annual dividend of $2.00 a share. The company has promised to maintain a constant dividend. How much are you willing to pay for one share of this stock if you want to earn 12% return on your equity investments? 
A. $10.00
B. $13.33
C. $16.67
D. $18.88
E. $20.00

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MN 610 Midterm Alternative Assignment

Mrs. Czerny, age 72, is having difficulty learning the names of her new grandchildren and then got lost several times on the way to her local grocery store. Her family had noticed several years of increasing forgetfulness, but had thought that was part of aging. They have brought her in to see you because they are concerned about her safety.

•Weight: 178 lb; height: 5′2″; body mass index (BMI): 32.6 kg/m2

•Fasting capillary glucose: 166 mg/dl •Blood pressure: lying, right arm 154/96 mmHg; sitting, right arm 140/90 mmHg •Pulse: 88 bpm; respirations 20 per minute

1. What do you need to include in your physical assessment of Mrs. Czerny?

2. What diagnostic tests would you order?

3. List 4 differential diagnosis for this case study.

4. Explain the differences between delirium and dementia.

5. Describe three types of dementia. 6. What are the goals of management for Alzheimer’s disease?

7. What are other considerations that are needed in caring for an older adult in the Primary care setting?

8. Explain your non-pharmacological management of a patient with dementia.

9. List pharmacological management of patients with dementia. 10. What would you need to include in your patient/family teaching?

Assignment—Case Study for Chronic Condition

For this Assignment, you are answer the questions regarding this case study. Please make sure to support your answers using evidence based practice.

Case Study: 

56 y/o Caucasian male presents to the primary care clinic with complains of dizziness and nausea x 4 days. The patient reports he has not been able to get out of bed since the symptoms started. The patient reports symptoms are worse when he tries to get out of bed to stand. He denies any headaches or blurry vision. He states he is urinating more over the last few days and he has noticed increase in thirst. He reports he just drank a large sweet tea before he came into the clinic.
The patient reports that he is out of his Lantus and metformin because he cannot afford the refill until he gets his disability check. He is disabled after his second CVA that left his with generalized weakness. His medical history includes DM, HTN, CAD.
Upon arrival at the clinic, the patient’s vital signs are as follows- Blood sugar 405, B/P 190/101, HR 102, R-20, T- 98.5.

Using Evidence Based practice, answer the following questions thoroughly. Be sure to use APA formatting.

Use headings while answering questions below:

What is the pertinent positive and negative findings in this patient assessment?
Create a list of differentials with rationales for this patient?
Discuss a medication regimen for this patient considering his financial status?
What is the priority concern for this patient?
How does this patient’s comorbid diagnosis impact his current symptoms?
Discuss how the patient’s’ health beliefs, culture and behaviors impact the potential outcomes for the patient.