Describe whether or not the company generates positive cash flow from operations.

Assignment: Interpreting Financial Statements

You will remember from the Week 1 Assignment that Medi-Supply is a small but growing company that sells medical devices to hospitals in the local area. The company wants to expand their distribution regionally and hopefully nationally with their innovative devices. They are looking for investors as well as seeking out potential banks to borrow funds for expansion. These investors require standardized financial statements and are very hesitant to get involved with any companies before ensuring their adherence to ethical business and financial practices, in order to avoid tarnishing their reputation.
XYZ Logo Tim LewisThe owner of Medi-Supply has hired XYZ Corporation to provide consulting services to help them sort through their financial data, build their financial statements to display to potential investors, and help them ensure they are on track with their goals and are avoiding any potential risks. You have been assigned to this project by your manager, Tim Lewis. Tim asks you to compile the results of your review into a series of reports, with detailed financial statements included.
In Week 1, you completed a business report on the management goals and financial ethics of Medi-Supply company. This week, you will continue your work by preparing financial statements and a business report related to your findings.

To prepare for this Assignment:

Download the Week 2 Assignment Financial Statement Excel Template and the Week 2 Assignment Business Report Template. You will use both documents to complete this Assignment.

Submit your completed Financial Statement Excel Template along with your business report that addresses the following prompts.

Part 1: Preparing a Balance Sheet

Using the Financial Statement Excel Template, which includes the needed data, prepare a balance sheet for Medi-Supply. Be sure to use proper Excel formulas to show your work in cells where math is involved to derive the answers.
Using the Business Report Template, how would you interpret the quality of the balance sheet? In your response, be sure to address whether there is excessive leverage, enough cash to make payroll and/or buy equipment, et cetera. (75–150 words, or 1–2 paragraphs)
Based on your interpretation of the balance sheet, would you recommend lending to the company? Explain why or why not, including any potential risks. (75–150 words, or 1–2 paragraphs)

Part 2: Building an Income Statement

Using the Financial Statement Excel Template, which includes the needed data, prepare an income statement for Medi-Supply. Be sure to use proper Excel formulas to show your work in cells where math is involved to derive the answers.
Using the Business Report Template, address the following using Medi-Supply’s income statement:
Interpret the quality of the income statement for this company. Is the income statement improving or deteriorating over time? Explain your answer, including why you reached your conclusion. (75–150 words, or 1–2 paragraphs)
Describe whether or not this company is profitable. If the company is unprofitable, explain if it is growing fast enough for sales to outpace expenses. (75 words, or 1 paragraph)
Based on their income statement, would you invest in the company? (75 words, or 1 paragraph)

Part 3: Calculating the Operating Cash Flow

Using the Financial Statement Excel Template, which includes the needed data, compute the operating cash flow for Medi-Supply. Be sure to use proper Excel formulas to show your work in cells where math is involved to derive the answers.
Using the Business Report Template, address the following using Medi-Supply’s operating cash flow:
Interpret the quality of the operating cash flow for this company. Is the operating cash flow improving or deteriorating over time? Explain your answer, as well as why you reached your conclusion. (75–150 words, or 1–2 paragraphs)
Describe whether or not the company generates positive cash flow from operations. (75 words, or 1 paragraph)
Based on the quality of their cash flow, would you invest in the company? (75 words, or 1 paragraph)
Note: For each part of your business report, be sure to reference at least one scholarly source to support your findings, for a total of three (3) scholarly sources. Use the Week 2 Assignment Business Report Template and the Week 2 Assignment Financial Statement Excel Template, provided in this week’s Learning Resources, to complete this Assignment.

Calculate the Discounted Cash Flows (DCF) for 10-years and derive the Net Present Value using the uncertain input variables.

Discounted Cash Flow Modelling and Sensitivity and Risk Analysis

Blue Corn Manufacturing Ltd is in the business of automobile and other ancillary services. The company wants to start its subsidiary business in China as an expansion plan for assembling the auto part. The company’s Chief Operating Officer (COO) after taking into consideration the firm’s portfolio of investments has derived a Weighted Average Cost of Capital (WACC) of 12% as the appropriate discount rate for calculating the firm’s Net Present Value (NPV).

Given the uncertainties surrounding Brexit and the current COVID-19 pandemic, the firm’s COO has asked you, the risk analyst to model the following uncertain inputs, using appropriate probability distribution functions. Following a detailed analysis of the firm’s historical data,you have decided to use the following distributions and parameters to model the uncertain inputs:

Table 1: Uncertain Inputs and Parameters of Distributions Uncertain Inputs Distribution Parameter 1 Parameter 2 Parameter 3 Investment Cost Triangular £90,000 £100,000 £150,000
Year 1 Revenue Triangular £80,000 £100,000 £110,000
Annual Fixed Cost Triangular £32,000 £35,000 £38,000
Annual Revenue Growth Rate Normal 5% 8%
Annual Variable Cost

Percentage

Normal 50% 2%

Use the following Sampling Settings:

Sampling Type: Latin Hypercube.

Random Number Generator: Mersenne Twister.

Initial Seed: Fixed at 12345.

For the purpose of this coursework, you are required to do the following:

1. Calculate the Discounted Cash Flows (DCF) for 10-years and derive the Net Present Value using the uncertain input variables. (5 Marks)

2. Perform a single simulation of 10,000 iterations for the NPV model and determine the probability of getting a negative (zero) NPV at 95% Confidence Interval (2 Marks)

3. Perform sensitivity analysis for the NPV output to determine the variable with the largest impact on NPV (Biggest Driver of NPV) using the following:

Change in Output. (2 Marks)
Regression Coefficient. (2 Marks)
Correlation Coefficient. (2 Marks)
Contribution to Variance. (2 Marks)

Total (15 Marks)

Write a Report to your COO to communicate the findings from your analyses. The report should describe the purpose and result of your analyses

Does the company engage with policymakers and other relevant stakeholders on AI governance?

ARTIFICIAL INTELLIGENCE APPLICATIONS IN FINANCIAL SERVICES

QUESTIONS FOR BOARDS

Given the financial implications, companies should ensure that senior management and the board have sufficient understanding of AI and other technology used in the business to provide proper oversight. This is particularly important given the increasing expectations for board directors to oversee material issues that affect a company’s long-term value. The board is “responsible for determining the nature and extent of the significant risks it is willing to take in achieving its strategic objectives,” according to the UK Corporate Governance Code.6 It “should maintain sound risk management and internal control systems”7 to ensure that the risk framework is sufficiently up to date, and that the entity’s risk appetite is
appropriately set, monitored, and communicated. The decision making, implementation,and use of AI must take place within a risk management framework that captures changes to the business. Whether the framework follows the International Organization for Standardization (ISO), the Committee of Sponsoring Organizations (COSO), or another model, it will cover four main activities: risk identification, risk assessment, risk mitigation,and risk monitoring. These will be complemented by early intervention, incident preparedness, crisis response plans, and training.

In addition to the specific questions on AI applications outlined in “How is AI applied in financial services?”, we would expect board directors to address the following questions:

• What is the company’s AI footprint?
• Does the board have any oversight of the company’s use of AI?
• If yes, what is the specific expertise that will enable the board to oversee the use of AI?
• How does the board oversee the use of AI? What are the related documents that the board reviews? What questions does the board pose to the management team?
• Does the company have a set of AI governance principles? If so, how are these implemented? How does the board assure itself that these principles are fit for purpose and actually implemented?
• Does the board have the appropriate skills and expertise to oversee the risks and opportunities arising from AI? If not, does it at least have access to such skills and expertise?
• Does the company engage with policymakers and other relevant stakeholders on AI governance?

What does it mean for an AI system to make a decision?What are the moral,societal and legal consequences of their actions and decisions?

Ethics in artificial intelligence: introduction to the special issue

Recent developments in Artificial Intelligence (AI) have generated a steep interest from media and general public. As AI systems (e.g. robots, chatbots, avatars and other intelligent agents) are moving from being perceived as a tool to being perceived as autonomous agents and team-mates, an impor-
tant focus of research and development is understanding the ethical impact of these systems. What does it mean for an AI system to make a decision?What are the moral,societal and legal consequences of their actions and decisions?Can an AI system be held accountable for its actions?

How can these systems be controlled once their learning capabilities bring them into states that are possibly only remotely linked to their initial, designed, setup? Should such autonomous innovation in commercial systems even be allowed, and how should use and development be regulated?

These and many other related questions are currently the focus of much attention. The way society and our systems will be able to deal with these questions will for a large part determine our level of trust, and ultimately, the impact of AI in society, and the existence of AI.

What are the direct connections to course material and what are the financial literacy or lack of financial literacy impacts?

GCH101G- Final Paper Guidelines (14% of final grade)

Background & Guidelines:
It is important to be able to identify and examine current events and issues affecting modern society for the purpose of being able to critically evaluate news articles and apply academic material to real-world events. It is expected you apply an ethical & civic lens to the events & material.

Your final paper requires you to summarize & cite 4 major events/stories throughout the semester,
that you can apply and relate each story to the course material (cite chapters, theories, and definitions
from our e-text), and Your analysis must include relevant historical and current civic information, along with your ethical review. Instructions on ways to become informed of current events have been posted on Brightspace (ex. Projo and NYT free subscriptions). You are welcome to use other legitimate sources (ex. WSJ, WashPost, NYT etc.).

The format will include:
A summary of at least 4 events (they should be from throughout the semester and should
NOT all be from the same two to three-week period.)
Each of the 4 events should reference different chapters in the book and citations are expected.
An explanation of historical events. A thoughtful review of ethical implications causing and/or resulting from the current event is required.

Some other questions to consider as you relate the event to course material include, but are not limited to:
fiscal impact will this event have on
What are the direct connections to course material and what are the financial literacy or lack of financial literacy impacts?
will this event impact my personal
are the global financial
Comparison of historical events and civic responsibilities
this have been prevented? If so, how?
What civic issues are addressed? Both current and historical
Must include: An explanation and analysis of ethical implications- include considerations,
ethical dilemmas, decision making that are related to the chosen events.
We will discuss additional questions in class

THESE ARE ONLY SOME STARTING QUESTIONS. THEY WILL EVOLVE OVER THE SEMESTER AS WE LEARN NEW MATERIAL, EXAMINE AND UNDERSTAND YOUR CIVIC RESPONSIBILITIES, EXPLORE HISTORICAL ELEMENTS OF COURSE MATERIAL, AND FULLY EXPAND OUR ABILITY TO ANALYZE AND ARTICULATE ETHICAL IMPLICATIONS.

Further:
Your format can be either APA or MLA, 12-point font and double spaced.
You must also include a bibliography and citations.

Explain generally accepted accounting principles applied to the health care industry and how they are applied to your Operating Budget Projection.

Part 1: 2010 Operating Budget

Review the 2009 Budget Issues – Nurses file in the Patton-Fuller Community Hospital Virtual Organization. This document can be found on the Chief Financial Officer’s web page under Special Projects.

Decide which of the two highlighted options you will implement from the Nursing Statistics memo of the 2009 Budget Issues – Nurses document.

Discuss decision-making processes in creating a budget.

Create a new 2010 Operating Budget based on the labor decision you select from the Nursing Statistics memo. Use your Week 5 Health Care Budget assignment as the foundation to develop your new projected budget.

Part 2: Analysis Paper

Write a 1,050- to 1,400-word paper. Your paper should:

Discuss decision-making processes in creating a budget.
Explain the role of variance analysis in maintaining an operating budget.
Differentiate between managerial accounting and financial management.
Explain generally accepted accounting principles applied to the health care industry and how they are applied to your Operating Budget Projection.
Discuss the decision between the two labor alternatives facing the management of PFCH and the annual cost increase of each.
Make a recommendation about which labor alternative should be chosen.
Justify and analyze the labor decision that you recommend. Your justification should present numbers related to fiscal management including how each decision affects the 2010 Budget Projection.
Analyze the effect of your decision on the operating budget, including:
The opportunity cost of your recommendation
How your recommendation affects employee satisfaction
How your recommendation affects patient care and patient satisfaction

Cite a minimum of 4 sources.

Format your sources according to APA guidelines.

List the supporting documents that would be needed to support the loan.

Complete a Loan Application & Recommend a product

1. Recommend a product for the clients and explain your reasons for recommendation

2. List the supporting documents that would be needed to support the loan

3. Complete a loan costing sheet *

4. Complete a loan servicing calculation (NSR) *

5. Download and complete the FHOG application form that is relevant to your state/territory, from the internet (or print from Appendix 15)

6. Complete a loan application form (a blank Westpac loan application form has been provided for you which you should use) and complete all of the accompanying documents as provided for you.

How does the firm’s financial performance compare to its major competitors?To the industry?

Lowes Financial Analysis

This is the writing prompt that is trying to be addressed this is a term paper about Lowes Home Improvement. The paper must only pertain to Lowes and is just a segment of a larger paper.

Financial Analysis- support all of your analysis with quantitative data (5 pages)

How well has the firm performed financially over the past five years?
What is the outlook for the firm in the future?
How does the firm’s financial performance compare to its major competitors?To the industry?
Are there any financial measurements which are grounds for serious concern?