Coca Cola Company: Organizational Culture And Change

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Use the attached document to complete all of the weekly projects. Refer to complete project guidelines found on the attached document.

 

 

 

Due Week 6:Part E: Organizational Culture and Change

 

  • Conduct and present research that evaluates the current culture of the organization.
  • Provide examples of how environmental forces have impacted the organization.
  • Identify how the organization accepts or embraces change from these forces.

 

·       minimum 500 words

 

·       Include an abstract and use PROPER APA

 

·       minimum of 4 references from scholarly or peer-reviewed journals

 

 

 

Comments: “This is an excellent paper. The paper contained an introduction, supporting body and conclusion. You evaluated the leadership style fostered in your chosen organization. Your ideas were arranged logically to support your argument and flowed smoothly from one to another. You described how leaders within your organization are developed. You did provide examples of its effectiveness and ineffectiveness. You did analyze how the organizational structure manifests itself within the organization. There were minimal spelling and mechanical errors. You did have at least four in-text citations from scholarly journals. You linked the concepts from the discussion into the paper. Very well done! Again, this is an excellent paper.”

MGMT 645 Project Guidelines

 

Assignment Overview

This course project is designed to give you real life practical experience while examining some of the key elements of organizational behavior as they apply to a specific organization. Additionally, the project offers you the opportunity to develop and create your own recommendations for the organization.

 

Each week, you will complete a weekly project (parts A – E) and, in week 7, you will synthesize all of this into a final project that will be your recommendations. For the weekly projects, you will be conducting research and presenting findings related to the organization that you selected. For the final project, you will develop a formal recommendations paper based on your research. Consider the weekly projects as a way to examine the current state of the organization. Consider the final project as a way for you to provide recommendations to better the organization.

 

Timeline and Point Allocation

See the course calendar for specific due date:

· Topic Selection: Week 1 (30 points)

· Part A: Week 2 (50 Points)

· Part B: Week 3 (50 points)

· Part C: Week 4 (50 points)

· Part D: Week 5 (50 points)

· Part E: Week 6 (50 points)

· Project Recommendations: Week 7 (100 points)

 

 

Topic Selection:

One of the most critical steps in this class is selecting an organization. You will use this topic for each weekly project and the Project Recommendations. An organization must be submitted for approval before you can proceed to the next elements of the assignment. Failure to submit your topic selection by the due date will preclude you from completing the upcoming project assignments. When selecting an organization for purposes of these assignments, it’s best to select a mid-size organization where you will be able to access the information needed to complete these assignments. Selecting an organization that is too large, like Wal-Mart or GE, will be too significant a scope for these assignments. Selecting a small organization of under 20 employees won’t provide the needed dynamic to complete these assignments. When considering what organization to select, you may select an organization where you work or have worked. You might also select an organization that is of interest to you but it should be an organization where you have access to resources to complete the required assignments. There are many scholarly sources available within the Davenport University Library. Additionally, other great resources could be leaders within the organization who you can interview. One word of caution, it’s important to maintain objectivity. This will be demonstrated by your scholarly research.

 

For the Project Topic, you will submit a 2 page (body) APA formatted paper that will include the following:

· Name of organization

· Reason why you selected this organization

· Description of organization that will include type of industry, number of employees, basic history, any other pertinent information as to why this is a great selection for your topic.

· A minimum of 3 specific APA formatted scholarly resources that you plan to use in your upcoming research.

The topic must be approved by faculty before you can proceed.

 

General Guidelines for Parts A-E and Project Recommendations

· Projects must be completed using APA standards with the inclusion of:

· Title page

· Abstract

· Introduction

· Body (with correct use of headings and sub-headings)

· Conclusion

· Reference Page

· Appendices (as needed)

 

· Projects must be completed in third person.

· Parts A – E as well as the Project Recommendations do get submitted to Turnitin as a routine.

· These assignments require that you conduct and assess scholarly research. A good place to start your research is the online databases accessible through the Davenport University Online Library. [Hint: If you are unsure how to use the databases ask for help by clicking on the Ask A Librarian link]. You can also use professional websites and magazines, quality newspapers and journals. Yet another source would be interviewing leaders within the organization. Note: References like Wikipedia may be a good starting point but it is NOT considered academically credible because the information can be edited by lay people who may not input accurate and validated information. Parts A – E need to have a minimum of 4 scholarly sources outside of our class resources. With each week, you should be expanding your reference list rather than using the same references repeatedly. The Project Recommendations needs to have a minimum of 10 scholarly sources outside of our class resources.

· It is imperative that you tie your research and recommendations to the course material. Be sure to link your projects to the core concepts from the class.

· The body for each of the weekly projects will be 4 – 6 pages. The body for the final project will be a minimum of 10 pages.

· The university’s policy on plagiarism and academic honesty apply.

 

 

Part A: Reward and Performance Practices

Conduct and present research that evaluates the current reward structure in your selected organization. Be sure to examine both monetary and non-monetary rewards. Evaluate the effectiveness of these rewards on performance. Additionally, assess how this reward system motivates (or fails to motivate) employees (Note: this is not where you will make recommendations – that will come in the final project).

 

Part B: Decision-Making

Conduct and present research that evaluates the decision making process within the organization. Be sure to provide specific examples of complex decisions that have been made. Discuss and describe who is involved in the decision-making and who is impacted by the decision-making. Evaluate the effectiveness of this process, without making recommendations.

 

Part C: Conflict

Conduct and present research that evaluates how conflict manifests itself within the organization. Discuss both positive and negative conflict. Be sure to provide specific examples. Examine what stressors cause conflict and what approaches are used to manage conflict

 

Part D: Leadership and Organizational Structure

Conduct and present research that evaluates the leadership style fostered in this organization. Provide examples of both its effectiveness and ineffectiveness. Describe how leaders are (or are not) nurtured and developed. Analyze how the organizational structure also manifests itself within the organization.

 

Part E: Organizational Culture and Change

Conduct and present research that evaluates the current culture of the organization. Provide examples of how environmental forces have impacted the organization. As a part of this, identify how the organization accepts or embraces change as a force.

 

Project Recommendations

For this final element, you will synthesize all of your research and create recommendations to the organization’s leaders on ways that the organization can adjust and improve in the following areas:

· Reward and Performance Practices

· Decision-making

· Conflict

· Leadership and Organizational Structure

· Organizational Culture and Change

· You may include other recommendation sections as appropriate for your organization.

Justify your research by including scholarly research that has been conducted on comparable organizations. Be sure to include both the pros and cons of your recommendations. As a friendly reminder, this is a professional document and should be completed in third person.

 

 

 

 

Grading Rubric

 

Exemplary Level

Meeting all requirements that include this criterion will earn a maximum of 100 percent

Leadership: 10
Student provided realistic strategies to lead effectively, which include but are not limited to: building teams, innovation, ethics, integrity, vision, originality etc.
X/10

 

Mastery Level

Meeting all requirements that include these three criteria areas will earn a maximum of 90 percent

Recommendations & Goals: 10 Problem Solving & Decision Making: 10 Measuring Outcomes: 10
Student provided relevant, feasible and high quality recommendations and goals. Alternatives are provided and concepts are supported. Student applied a variety of quantitative and qualitative techniques to make business decisions.

 

 Student provided details to measure outcomes to provide the best recommendation(s). Measurables are well-thought and realistic.
X/10 X/10 X/10

 

Competency Level

Meeting the requirements of the four criteria areas will earn a maximum of 60 percent

Content: 15 APA: 15 Mechanics: 15 Organization: 15
Student identifies key ideas, examines their interrelationships, and incorporates quotations from sources logically, effectively, and gracefully, paper length is met.

 

 Student followed APA formatting guidelines with at least four citations (in-text and reference list match) from peer-reviewed journals. Sentence structure, grammar, diction; correct use of punctuation; minimal to no spelling errors; no run-on sentences or comma splices. Paper contains an introduction, supporting body, conclusion and reference page. Ideas are arranged logically to support the purpose or argument. They flow smoothly from one to another and are clearly linked to each other.

The reader can follow the line of reasoning.
X/15 X/15 X/15 X/15

 

 

 

 

 

 

 

March 19, 2013 Page 3

 
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Cost Control Ch 7

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Q 1

Chapter 7, Question 1
Week Original Cost of Labor Raise in Dollars Total Cost of Labor Sales Labor Cost %
1 $10,650 $27,600
2 12,075 $32,250
3 10,887 $28,650
4 10,383 $37,200
Total
&L&12Chapter 7 Q 1
Can she give the employees what they want and still make a profit? Answer:

Q 2

Chapter 7, Question 2
Operating Results for Joe Bob’s
Week Number of Guests Served Labor Hours Used
1 7,000 4,000
2 7,800 4,120
3 7,500 4,110
4 8,000 4,450
Total 30,300 16,680
Question 2.a.
Average Guest Check $12
Average Wage per Hour $8
Total Sales
Total Labor Cost
Productivity Measurement Productivity Standard
Labor Cost Percentage
Sales per Labor Hour
Labor Dollars per Guest Served
Guests Served per Labor Dollar
Guests Served per Labor Hour
Question 2.b.
Labor Category % of Labor Hours Used Labor Hours Sales per Labor Hour
Meat Production 25%
Bakery Production 15%
Salad Production 10%
Service 20%
Sanitation 20%
Management 10%
Total 100%
Question 2.c.
Day Forecasted Number of Guests Served Guests Served per Labor Hour Standard Labor Hours Budget
1 900
2 925
3 975
4 1,200
5 1,400
6 1,600
7 1,000
Total 8,000
&L&12Chapter 7 Q 2

Q 3

Chapter 7, Question 3
Six-Column Labor Cost Percentage
Unit Name: Mikel’s Steak House Date: 3/1 – 3/7
Cost of Labor Sales Labor Cost %
Weekday Today To Date Today To Date Today To Date
1 $950 $2,520
2 $1,120 $2,610
3 $1,040 $2,720
4 $1,100 $2,780
5 $1,600 $3,530
6 $1,700 $4,100
7 $1,300 $3,910
Total
&L&12Chapter 7 Q 3
Mikel wants to keep his labor cost % at 37%. Given the results of his six-column daily productivity report for the first week of March, will he be able to achieve his labor cost % standard if he continues in the same manner for the remainder of the month? If not, what actions can he take to reduce both his fixed and variable labor-related expense? Answer:

Q 4

Chapter 7, Question 4
Servers: Guests Per Labor Hour
Buspersons: Guests Per Labor Hour
Volume/Staff Forecasting for Saturday
The Baroness
Time Forecasted Number of Guests Served Server Hours Needed Busperson Hours Needed
11:00 – 12:00 85
12:00 – 1:00 175
1:00 – 2:00 95
2:00 – 3:00 30
3:00 – 4:00 25
4:00 – 5:00 45
5:00 – 6:00 90
6:00 – 7:00 125
7:00 – 8:00 185
8:00 – 9:00 150
9:00 – 10:00 90
10:00 – 11:00 45
Total 1,140
&L&12Chapter 7 Q 4
How often in the night should Jeffrey check his volume forecast in order to ensure that he achieves his labor productivity standards and thus is within budget at the end of the evening? Answer:

Q 5

Chapter 7, Question 5
Sales Labor Cost Labor Cost Percent
Week Budget Actual % of Budget Budget Actual % of Budget Budget Actual
1 $2,500 $2,250 $875 $900
2 1,700 1,610 595 630
3 4,080 3,650 1,224 1,300
4 3,100 2,800 1,085 1,100
5 2,600 2,400 910 980
Total
&L&12Chapter 7 Q 5
Do you feel that Steve has significant variations from budget? Why do you think Steve’s boss assigned Steve a lower labor cost % goal during week 3? How do you feel about Steve’s overall performance? What would you do if you were Steve’s boss? If you were Steve? Answer:

Q 6

Chapter 7, Question 6
Sales Cost of Labor Labor Cost %
California
Store 1 $91,000.00 $34,500.00
Store 2 $106,500.00 $38,750.00
Store 3 $83,500.00 $31,500.00
Total
Oregon
Store 1 $36,800.00 $12,250.00
Store 2 $61,000.00 $18,750.00
Store 3 $52,000.00 $17,500.00
Total
Washington
Store 1 $47,500.00 $14,750.00
Store 2 $46,500.00 $15,000.00
Store 3 $45,500.00 $15,000.00
Total
Nevada
Store 1 $53,000.00 $17,250.00
Store 2 $56,000.00 $18,500.00
Store 3 $55,100.00 $17,250.00
Total
Region
&L&12Chapter 7 Q 6
Can Jordan compute the average labor cost percentage for her region by summing the labor cost percentages of the four states and dividing by four? Why or why not? How is the overall labor cost percentage for her region computed? Answer:

Q 7

Chapter 7, Question 7
Hours Worked Pay Per Hour Pay Per Week Weeks in a Year Pay Before Benefits Benefits Annual Pay with Benefits
Alternative 1
Total
Alternative 2
Alternative 3
Total
&L&12Chapter 7 Q 7
Which of these three courses of action will cost the facility the most money? The least? If you were Ravi, which of these alternatives would you implement? Why? Answer:

Q 8

Chapter 7, Question 8
Hour Available Seats Guests Served Check Average Revenue RevPASH Allowable Cost Based on 30% Labor Cost
5- 6 p.m. 50
6- 7 p.m. 100
7- 8 p.m. 150
8- 9 p.m. 175
9-10 p.m. 125
10-11 p.m. 75
Total
% Seats Sold =
&L&12Chapter 7 Q 8
a. What percentage of his total seats available does Luis believe he will fill on Friday night? What overall check average does he estimate he will achieve? Answers:   b. What would be Luis’s forecast for his hourly and overall RevPASH on this day? Answer:   c. What would be Luis’s labor budget for each hour his restaurant will be open, as well as the total amount that could be spent for labor that night? Answer:   d. What are some specific steps Luis might take to improve his RevPASH on Fridays from 5:00 – 6:00 p.m.? From 8:00 – 9:00 p.m.? Answers:
 
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Bonds issued by corporations that are exposed to default risk are called:

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QUESTIONS :

 

1. A long-term contract under which a borrower agrees to make payments of interest and principal on specific dates is called a:

 

 

 

a. common stock.

 

 

 

b. preferred stock.

 

 

 

c. equity contract.

 

 

 

d. bond.

 

 

 

 

 

 

 

 

 

 

 

2. Bonds issued by corporations that are exposed to default risk are called:

 

 

 

a. Treasury bonds.

 

 

 

b. municipal bonds.

 

 

 

c. corporate bonds.

 

 

 

d. personal bonds.

 

 

 

 

 

 

 

 

 

 

 

3.                      are issued by the Federal government and have no default risk.

 

 

 

a. Treasury bonds

 

 

 

b. Municipal bonds

 

 

 

c. Corporate bonds

 

 

 

d. Personal bonds

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4.                      are issued by state and local governments.

 

 

 

a. Treasury bonds

 

 

 

b. Municipal bonds

 

 

 

c. Corporate bonds

 

 

 

d. Personal bonds

 

 

 

 

 

 

 

 

 

 

 

5. The                           of a bond generally represents the amount of money the issuer promises to repay on the maturity date.

 

 

 

a. coupon interest rate

 

 

 

b. coupon payment

 

 

 

c. sinking fund

 

 

 

d. par value

 

 

 

 

 

 

 

 

 

 

 

6. The                           is the stated annual interest rate on a bond.

 

 

 

a. coupon interest rate

 

 

 

b. discount rate

 

 

 

c. yield-to-maturity

 

 

 

d. coupon payment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7. A bond that pays no annual interest but is sold at a discount below the par value is called:

 

 

 

a. an original maturity bond.

 

 

 

b. a floating rate bond.

 

 

 

c. a fixed maturity date bond.

 

 

 

d. a zero coupon bond.

 

 

 

 

 

 

 

 

 

 

 

8. A sinking fund provision in a bond contract gives the issuer the right to redeem the bonds under specific terms prior to the normal maturity date.

 

 

 

a. True

 

 

 

b. False

 

 

 

 

 

 

 

 

 

 

 

9. The interest earned on most municipal bonds is exempt from federal taxes.

 

 

 

a. True

 

 

 

b. False

 

 

 

 

 

 

 

 

 

 

 

10. If denominated in a currency other than the investor’s home currency, the purchase of foreign bonds adds the additional risk of changes in the relative value of the two currencies.

 

 

 

a. True

 

 

 

b. False

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11. A call provision gives the investor the right to force the issuer to buy the bonds back before maturity.

 

 

 

a. True

 

 

 

b. False

 

 

 

 

 

 

 

 

 

 

 

12. Convertible bond are bonds that may be converted (exchanged) into shares of common stock, at a fixed price, at the option of the bondholder.

 

 

 

a. True

 

 

 

b. False

 

 

 

 

 

 

 

.

 

 

 

13. Other things held constant, if a bond indenture contains a call provision, the yield to maturity that would exist without such a call provision will generally be                        the YTM with a call provision.

 

 

 

a. Higher than.

 

 

 

b. Lower than.

 

 

 

c. The same as.

 

 

 

d. Either higher or lower (depending on the level of the call premium) than.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

14. The value of a bond is the present value of the future cash flows from the bond (consisting of the par value at maturity and all intervening coupon payments).

 

 

 

a. True

 

 

 

b. False

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

15.  If a coupon bond is selling at par, its current yield:

 

 

 

a. is less than its yield to maturity

 

 

 

b. equals its yield to maturity.

 

 

 

c. is greater than its yield to maturity

 

 

 

 

 

 

 

 

 

 

 

16. The rate of return earned on a bond if it is held until maturity is its:

 

 

 

a. yield-to-call.

 

 

 

b. coupon payment.

 

 

 

c. yield-to-maturity.

 

 

 

d. sinking fund yield.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

17. The rate of return earned on a bond if it is called before its maturity date is its:

 

 

 

a. yield-to-call.

 

 

 

b. coupon payment.

 

 

 

c. yield-to-maturity.

 

 

 

d. sinking fund yield.

 

 

 

 

 

 

 

 

 

 

 

18. If a bond is selling for a premium, this implies that the bond’s yield to maturity:

 

 

 

a. exceeds its coupon rate.

 

 

 

yield-to-maturity must be larger than the coupon rate.

 

 

 

b. is equal to its coupon rate

 

 

 

c. is less than its coupon rate

 

 

 

 

 

 

 

 

 

 

 

19. All else equal, if a bond’s yield-to-maturity increases:

 

 

 

a. its price will rise

 

 

 

b. its price will remain unchanged

 

 

 

c. its price will fall.

 

 

 

 

 

 

 

 

 

 

 

20. A 15-year bond with a face value of $1,000 currently sells for $850. Which of the following statements is most correct?

 

 

 

a. The bond’s yield to maturity is greater than its coupon rate.

 

 

 

b. If the yield to maturity stays constant until the bond matures, the bond’s price will remain at $850.

 

 

 

c. The bond’s current yield is equal to the bond’s coupon rate.

 

 

 

sells at par.

 

 

 

d. All of the statements above are correct.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

21. All else equal,                     bonds have more interest rate risk than                      bonds.

 

 

 

a. short-term; long-term

 

 

 

b. callable; municipal

 

 

 

c. long-term; short-term

 

 

 

d. non-callable; corporate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

22. All else equal, _______________ bonds have more reinvestment rate risk than ____________ bonds.

 

 

 

a. high-coupon; low-coupon

 

 

 

b. low-coupon; high-coupon

 

 

 

c. non-callable; corporate

 

 

 

d. callable; municipal

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

23.                    is the risk that a decline in interest rates will lead to a decline in income from a bond portfolio.

 

 

 

a. investment horizon

 

 

 

b. sinking fund

 

 

 

c. reinvestment rate risk

 

 

 

d. market risk

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

24. All else equal, short-term bonds have more reinvestment rate risk than do long-term bonds.

 

 

 

a. True

 

 

 

b. False

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

25. Which of the following bonds will have the greatest percentage increase in value if all interest rates decrease by 1 percent?

 

 

 

a. 20-year, zero coupon bond.

 

 

 

b. 10-year, zero coupon bond.

 

 

 

c. 20-year, 10 percent coupon bond.

 

 

 

d. 20-year, 5 percent coupon bond.

 

 

 

 

 

 

 

 

 

 

 

26. Which of the following statements is most correct?

 

 

 

a. Junk bonds typically have a lower yield to maturity relative to investment grade bonds.

 

 

 

b. A debenture is a secured bond that is backed by some or all of the firm’s fixed assets.

 

 

 

c. Subordinated debt is paid before senior debt in the event of default.

 

 

 

d. All of the statements above are correct.

 

 

 

e. Neither of the statements above is correct.

 

 

 

 

 

 

 

 

 

 

 

27. A company’s bond rating is not affected by its financial performance and provisions in the bond contract.

 

 

 

a. True

 

 

 

b. False

 

 

 

 

 

 

 

 

 

 

 

28. Bonds are traded primarily in the over-the-counter market.

 

 

 

a. True

 

 

 

b. False

 

 

 

 

 

 

 

 

 

 

 

29. You are considering buying bonds in ACBB, Inc.  The bonds have a par value of $1,000 and mature in 40 years.  The annual coupon rate is 9.0% and the coupon payments are annual.  If you believe that the appropriate discount rate for the bonds is 20.0%, what is the value of the bonds to you?

 

 

 

a. $2,183.31

 

 

 

b. $540.31

 

 

 

c. $450.37

 

 

 

d. $2,376.94

 

 

 

e. $499.84

 

 

 

 

 

 

 

 

 

 

 

30. XZYY, Inc. currently has an issue of bonds outstanding that will mature in 23 years.  The bonds have a face value of $1,000 and a stated annual coupon rate of 13.0% with annual coupon payments.  The bond is currently selling for $804.  The bonds may be called in 3 years for 113.0% of the par value.  What is your expected quoted annual rate of return if you buy the bonds and hold them until maturity?

 

 

 

a. 26.65%

 

 

 

b. 16.30%

 

 

 

c. 14.85%

 

 

 

d. 19.39%

 

 

 

e. 34.11%

 

 

 

 

 

 

 

 

 

 

 

31. Again, Inc. bonds have a par value of $1,000, a 20 year maturity, and an annual coupon rate of 13.0% with annual coupon payments.  The bonds are currently selling for $898.  The bonds may be called in 6 years for 113.0% of par.  What quoted annual rate of return do you expect to earn if you buy the bonds and company calls them when possible?

 

 

 

a. 14.59%

 

 

 

b. 17.26%

 

 

 

Correct. N=6; PV=-898; FV=1130; PMT=130; Solve for I.

 

 

 

c. 18.97%

 

 

 

d. 15.75%

 

 

 

e. 14.74%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

32. Within Year, Inc. has bonds outstanding with a $1,000 par value and a maturity of 39 years.  The bonds have an annual coupon rate of 8.0% with semi-annual coupon payments.  You would expect a quoted annual return of 9.0% if you purchased these bonds.  What are the bonds worth to you?

 

 

 

a. $892.48

 

 

 

b. $892.74

 

 

 

c. $1,119.13

 

 

 

d. $908.85

 

 

 

e. $1,752.67

 

 

 

 

 

 

 

 

 

 

 

33. Yes They May, Inc. has a bond issue outstanding with a $1,000 par value and a maturity of 20 years.  The bonds have an annual coupon rate of 20.0% with semi-annual coupon payments.  The current market price for the bonds is $876.  The bonds may be called in 5 years for 120.0% of par.  What is the quoted annual yield-to-maturity for the bonds?

 

 

 

a. 31.16%

 

 

 

b. 11.44%

 

 

 

c. 13.39%

 

 

 

d. 26.77%

 

 

 

e. 22.87%

 

 

 

 

 

 

 

 

 

 

 

34. Yes They Can, Inc. has a bond issue outstanding with a $1,000 par value and a maturity of 34 years.  The annual coupon rate is 11.0% with quarterly coupon payments.  The bonds are currently selling for $1,054.  The bonds may be called in 4 years for 111.0% of par.  What is the quoted annual yield-to-call for these bonds?

 

 

 

a. 2.88%%

 

 

 

b. 14.93%

 

 

 

c. 11.50%

 

 

 

d. 2.60%

 

 

 

e. 10.42%

 

 

 

 

 

 

 

 

 

 

 

35. You are considering buying bonds in AZYX, Inc.  The bonds have a par value of $1,000 and mature in 11 years.  The annual coupon rate is 14.0% and the coupon payments are annual.  The bonds are currently selling for $775.68 based on a yield-to-maturity of 19.0%.  What is the bond’s current yield?

 

 

 

a. 10.86%

 

 

 

b. 14.00%

 

 

 

c. 19.00%

 

 

 

d. 24.49%

 

 

 

e. 18.05%

 

 

 

 

 

 

 

 

 

 

 

36. You are considering buying bonds in AZYX, Inc.  The bonds have a par value of $1,000 and mature in 11 years.  The annual coupon rate is 14.0% and the coupon payments are annual.  The bonds are currently selling for $775.68 based on a yield-to-maturity of 19.0%.  What is the bond’s expected capital gain/loss if the bonds are held until maturity?

 

 

 

a. 8.14%

 

 

 

b. 5.00%

 

 

 

c. 0.00%

 

 

 

d. -5.49%

 

 

 

e. 0.95%

 

 

 

 

 

 

 

 

 

 

 

37. XZYY, Inc. currently has an issue of bonds outstanding that will mature in 25 years.  The bonds have a face value of $1,000 and a stated annual coupon rate of 11.0% with annual coupon payments.  The bond is currently selling for $1000.  What is the yield-to-maturity for the bonds?

 

 

 

a. 8%

 

 

 

b. 9%

 

 

 

c. 10%

 

 

 

d. 11%

 

 

 

e. 12%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

38. One year ago, Paul purchased a $1,000 face value corporate bond with a 12 percent annual coupon rate and a 10-year maturity. At the time of the purchase, the bonds had an expected yield-to-maturity of 10.5 percent. Today he sold the bond for $1125.  What is the one-year return that Paul earned on this investment?

 

 

 

a. 3.2%

 

 

 

b. 11%

 

 

 

c. 12%

 

 

 

d. 14.2%

 

 

 

e. 17.3%

 

 

 

 
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International Market Exit Strategies(Ikea)

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Assignment 1: Individual Research and Short Paper—Exiting International Markets

When companies exit markets, they need to consider the legal and social aspects in order to avoid complications with stakeholders such as labor, local municipalities, vendors, and taxing authorities. Through this assignment, we will review some of the regulatory issues multinational companies need to consider when exiting foreign markets.

At times, foreign companies realize that staying in a specific country may not be the right course of action. When Mercedes decided to sell its stake in Chrysler in the U.S., both companies had major stakes in exiting so that all stakeholders would benefit. Refer to following Web site to learn more.

Select an MNC that decided to exit all or a portion of its investment in the U.S. marketplace as your focus. Using news article archives, research the company’s strategy and write responses to the following questions:

  1. Who become new stakeholders when companies choose to exit a country?
  2. What are some of the regulatory matters that need to be addressed?
  3. Did your selected MNC exit the market entirely or are they still doing business using other venues, including distribution and sales with other product lines? Explain.
  4. What were some of the MNC’s considerations as they exited these markets?

Write a 4-page report in Word format. Apply current APA standards for writing to your work.
Use the following file naming convention: LastnameFirstInitial_M3_A1.doc.

By Wednesday, May 22, 2013, submit your assignment to the M3: Assignment 1 Dropbox.

Assignment 2: Course Project Task 3—International Market Exit Strategies(Ikea)

Just as companies need to use strategies when entering markets, strategies have to be devised when exiting markets. Exiting a market without a comprehensive strategy can result in increased costs and unintentional, negative publicity. For this part of the group project, we will focus on the issues associated with ceasing or limiting activities in countries and the regulatory concerns that need to be addressed.

Carry out individual research using the University online library resources and Internet resources. Then, in your group, discuss the following factors with your chosen MNC in mind. Use the information generated through this discussion for slides in your individual PowerPoint presentations. You should have 3 to 5 slides covering the regulatory requirements the client MNC might encounter when exiting international markets.

Consider the following for your research and discussion.

  1. What are some of the political and economic issues a company may face when exiting a specific country? How does the cost to move a company out of a country differ from the cost of continuing operations in that market? Cite specific examples to support your points.
  2. Identify at least five different local regulators a company would need to satisfy prior to exiting a country. Discuss which of these regulators would hold more authority. Give reasons to support your choice.
  3. Why do some countries regulate exiting firms more than other countries? What can companies do to anticipate these regulations?

Through the week, actively participate in the discussion analyzing the client MNC’s exit strategy and post your comments to the Discussion Area.

Discussion will be open through Friday, May 24, 2013. The designated scribe for this particular discussion will post a synopsis of discussion points and decisions to this Discussion Area by Saturday, May 25, 2013.

Module 3 Readings

Early in the week, complete the following:

· Read the overview for Module 3

· From the textbook, International business law and its environment, read the following chapters:

· Sales Contracts and Excuses for Nonperformance

· The Documentary Sale and Terms of Trade

· From the Argosy University online library resources, use the following as a supplemental text for topics in this module:

· Mack, C. S. Business strategy for an era of political change. Retrieved fromhttp://www.thecampuscommon.com/library/ezproxy/ticketdemocs.asp?sch=auo&turl=http://site.ebrary.com/lib/argosy/docDetail.action?docID=10005699&p00=business%20strategy%20political%20change (ebrary collection)

· From the Internet, read:

· Collaborative for Development Action, Inc. (2003, February). Corporate engagement project: Exit strategies. Retrieved from http://www.cdainc.com/publications/cep/issuepapers /cepIssuePaperExitStrategies.pdf

· Automotoportal. (2007, April). DaimlerChrysler to sell Chrysler group to Cerberus. Retrieved fromhttp://www.automotoportal.com/article/daimlerchrysler-to-sell-chrysler-group-to-cerberus

· U.S. Department of State. (n.d.). Doing business in international markets. Retrieved fromhttp://www.state.gov/e/eeb/cba/

· HLB International. (n.d.). Doing business in… (booklets). Retrieved from http://www.hlbi.com/DBI_list.asp

· The Economist Intelligence Unit: The Economist. (2006, November). Barriers to entry: Coping with protectionism. Retrieved from http://graphics.eiu.com/files/ad_pdfs/eiu_UKTI_protectionism.pdf

 
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