Statistics-lab™可以为您提供northwestern.edu MSIT456 Financial Management财务管理课程的代写代考和辅导服务！

MSIT456 Financial Management课程简介

Many of the demands placed on IT professionals are driven by an organization’s financial managers and their focus not only on the “bottom line,” but also on various “Return on Investment” measures. This course introduces students to some of the basic terminology, concepts and tools used by financial managers in making business decisions. Topics covered include: the relationship between an organization’s accounting function and the finance function; financial reporting principles and the financial statements; using financial statements in practice; determining relevant items in making short-term business decisions; the Time Value of Money principles; short- and long-term decision making; and the uses and misuses of accounting data in managing people and controlling processes.

PREREQUISITES 

Week 1: Course Overview – Financial Reporting, Managerial Accounting and Corporate Finance; The Three Major Financial Statements
Week 2: The Income Statement, Revenue Recognition, and Analysis of Monetary Assets
Week 3: Choices within GAAP: Inventory Costing and Depreciation;The Statement of Cash Flows
Week 4: Managerial Accounting – Decision-Making: Cost Behavior
Week 5: Managerial Accounting – Decision-Making Tools
Week 6: Managerial Accounting – Responsibility Accounting:Performance Evaluation and Control
Week 7: Managerial Accounting: Relevant Cost Information and Typical Decisions
Week 8: Corporate Finance and the Time Value of Money (TVM)
Week 9: Applications of TVM to Personal and Business Decisions
Week 10: Corporate Finance: Capital Budgeting
Teaching methods: The course will be primarily lecture format, combined with discussion of the assigned problems and cases. To obtain the maximum benefit from each class, the student should complete the relevant reading and homework assignments prior to class. Students should also attempt to solve the problems before the relevant session meets. Only those marked “Turn-In” (the cases) will form the basis of your course grade.

Grading criteria: There will be six graded case submissions. Performance on five of the six required cases will constitute $75 \%$ of the course grade ( $15 \%$ each). Students may choose not to submit one of the six cases, in which event the five cases submitted will determine the course grade. On the other hand, students may submit all six cases and only the five best will be used to determine the course grade. The remaining $25 \%$ of the course grade will be determined by class participation ( $5 \%$ ) and evaluations of each group member’s contribution to his/her group (20\%). An unexcused absence from more than one class will cause the final grade to be lowered one letter grade.

MSIT456 Financial Management HELP（EXAM HELP， ONLINE TUTOR）

a. The present value of $$ 1,000$ to be received in four years can be calculated as follows: PV = \frac{\$1,000}{(1+0.08)^4} = \$735.03PV=(1+0.08)4$1,000​=$735.03 So, the present value of $$1,000$ to be received in four years is $$735.03$.

b. The present value of $$ 1,000$ to be received in eight years can be calculated as follows: PV = \frac{\$1,000}{(1+0.08)^8} = \$463.19PV=(1+0.08)8$1,000​=$463.19 The present value falls as the number of years increases because the longer the time period, the greater the discounting effect of the interest rate on future cash flows.

c. The future value of $$12,000$ invested today can be calculated as follows: FV = \$12,000 \times (1+0.08)^7 = \$20,103.02FV=$12,000×(1+0.08)7=$20,103.02 So, the value in seven years of $$12,000$ invested today will be $$20,103.02$.

d. The present value of the cash flows can be calculated as follows: PV = \frac{\$5,000}{(1+0.08)^1} + \frac{\$4,000}{(1+0.08)^2} + \frac{\$8,000}{(1+0.08)^5} = \$14,070.64PV=(1+0.08)1$5,000​+(1+0.08)2$4,000​+(1+0.08)5$8,000​=$14,070.64 So, one would pay $$14,070.64$ for the right to receive $$5,000$ at the end of year 1, $$4,000$ at the end of year 2, and $$8,000$ at the end of year 5.

e. The time it takes for a $$2,000$ investment to double in value can be calculated using the rule of 72: 72 \div 8 = 972÷8=9 So, it will take approximately 9 years for the $$2,000$ investment to double in value.

f. The future value of $$1,000$ invested at the end of each year for the next 20 years can be calculated as follows: FV = \$1,000 \times \frac{(1+0.08)^{20}-1}{0.08} = \$53,380.11FV=$1,000×0.08(1+0.08)20−1​=$53,380.11 So, the value in 20 years of $$1,000$ invested at the end of each year for the next 20 years will be $$53,380.11$.

a. The uniform annual amount that the couple must deposit can be calculated using the annuity formula: PMT = \frac{\$250,000}{\frac{(1+0.08)^{18}-1}{0.08}} = \frac{\$250,000}{14.685} = \$17,002.96PMT=0.08(1+0.08)18−1​$250,000​=14.685$250,000​=$17,002.96 So, they must deposit $$17,002.96$ at the end of each year to save $$250,000$ over the next 18 years for their child’s college education.

b. The present value of the stream of $$ 600$ payments can be calculated using the perpetuity formula: PV = \frac{\$600}{0.08} = \$7,500PV=0.08$600​=$7,500 So, the stream of payments would justify the purchase price of $$7,500$ if it lasted forever. If the stream lasted only five years, the salvage value needed to justify the investment of $$7,500$ can be calculated as follows: SV = \frac{\$7,500 – (\$600 \times \frac{(1+0.08)^5-1}{0.08})}{(1+0.08)^5} = \$1,057.46SV=(1+0.08)5$7,500−($600×0.08(1+0.08)5−1​)​=$1,057.46 So, the salvage value would need to be $$1,057.46$ to justify the investment of $$7,500$ if the stream of payments lasted only five years.

c. To calculate the NPV of the investment, we need to discount each cash flow to its present value and then sum those present values. Assuming the investment has an initial cost of $$10,000$, the NPV can be calculated as follows: NPV = -\$10,000 + \frac{\$1,000}{(1+0.08)^1} + \frac{\$2,500}{(1+0.08)^2} + \frac{\$3,000}{(1+0.08)^3} + \frac{\$4,000}{(1+0.08)^4} + \frac{\$5,000}{(1+0.08)^5}NPV=−$10,000+(1+0.08)1$1,000​+(1+0.08)2$2,500​+(1+0.08)3$3,000​+(1+0.08)4$4,000​+(1+0.08)5$5,000​ = -\$10,000 + \$925.93 + \$2,146.64 + \$2,331.41 + \$2,877.61 + \$3,469.89 = \$3,751.48=−$10,000+$925.93+$2,146.64+$2,331.41+$2,877.61+$3,469.89=$3,751.48 So, the investment’s NPV is $$3,751.48$. Since the NPV is positive, the investment is expected to be profitable and is recommended.

Textbooks

• An Introduction to Stochastic Modeling, Fourth Edition by Pinsky and Karlin (freely
available through the university library here)
• Essentials of Stochastic Processes, Third Edition by Durrett (freely available through
the university library here)
To reiterate, the textbooks are freely available through the university library. Note that
you must be connected to the university Wi-Fi or VPN to access the ebooks from the library
links. Furthermore, the library links take some time to populate, so do not be alarmed if
the webpage looks bare for a few seconds.

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