ABC Inc
FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24E FY25E FY26E FY27E FY28E
DEC ’14 DEC ’15 DEC ’16 DEC ’17 DEC ’18 DEC ’19 DEC ’20 DEC ’21 DEC ’22 DEC ’23
Sales 88.99 107.01 135.99 177.87 232.89 280.52 386.06 469.82 513.98 574.79
Sales growth (Y-o-Y) 20.2% 27.1% 30.8% 30.9% 20.5% 37.6% 21.7% 9.4% 11.8% 12-15% 12.0% 12.0% 10.0% 10.0% 8.0%
Cost of Goods Sold (COGS) incl. D&A 62.75 71.65 88.27 111.93 139.16 165.54 233.31 272.34 288.83 304.74
COGS excluding D&A 59.53 66.00 82.21 102.74 123.82 143.75 208.06 238.05 246.91 256.08 – 0 – 0 – 0 – 0 – 0
% sales 66.9% 61.7% 60.5% 57.8% 53.2% 51.2% 53.9% 50.7% 48.0% 44.6% Avg = 50%, trending down, industry average =40% 45.0% 44.0% 43.0% 42.0% 41.0%

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How does the weight, diversity and location of foreign operations compare to its peers? Why do you think the company made the decision to operate in the locales chosen?
How does the company’s risk management strategy compare to its peers? What are the similarities and differences in managing their foreign currency exposure?
Is the company’s translation method consistent with its industry peers? If not, did the company disclose the reason why it uses the method as chosen?

Based on all above, provide your evaluation of the company’s risk management strategies and how effectively the strategies were executed as reflected in the financial results in the company’s past three years.

The written report should use the following format:

A title page
Table of Contents (1 page)
Executive summary (1 page)
Main body of the paper (5 pages)
Tables and graphs, if any
References

Use APA style with footnote.
Single space, paper size 8.5″ x 11″, Times New Roman, 12 font, 1″ margins on all sides.

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The contingent Fee rule should be thoroughly explained.

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Competency Assessment Title: Statistical Process Control Methods

Total Number of Points: 100

Assignment Directions

Step 1: Process Evaluation

Create a new Word doc for the elements of this assignment.

Evaluate your process using 1 of the following:

• Use the lean concept to find ways to eliminate waste and improve the process.

• Use SPC or Six Sigma to reduce defects or variances in the process.

Add your evaluation to your Word doc with the header “Process Evaluation.”

Step 2: Evaluation of Control Chart and Process Metrics

Complete the following in Excel:

• Calculate the defined process metrics including variation and process capability.

• Develop and display a control chart for the process.

• Evaluate the control chart and process metrics using Statistical Process Control (SPC) methods. Determine whether the process could benefit from the

use of Six Sigma, Lean, or other tools. (Include all calculation and charts.)

Write your evaluation in your assignment Word doc under the header “Evaluation of Control Chart and Process Metrics.”

OPSCB/574 Competency 1 Rubric Page 2 of 3

Step 3: Executive Summary

Write a 700-word executive summary that includes the following:

• A summary of the Process Evaluation (using either Lean or SPC or Six Sigma)

• A summary of the Evaluation of Control Chart and Process metrics based on SPC methods

• A summary of your evaluation of whether the process would benefit from the use of Six Sigma, Lean, or other tools

• A description of the SPC project and recommendations for improvements

Add your summary to your Word doc with the header, “Executive Summary.”

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Total Number of Points: 100

Assignment Directions

Step 1: Process Evaluation

Create a new Word doc for the elements of this assignment.

Evaluate your process using 1 of the following:

• Use the lean concept to find ways to eliminate waste and improve the process.

• Use SPC or Six Sigma to reduce defects or variances in the process.

Add your evaluation to your Word doc with the header “Process Evaluation.”

Step 2: Evaluation of Control Chart and Process Metrics

Complete the following in Excel:

• Calculate the defined process metrics including variation and process capability.

• Develop and display a control chart for the process.

• Evaluate the control chart and process metrics using Statistical Process Control (SPC) methods. Determine whether the process could benefit from the

use of Six Sigma, Lean, or other tools. (Include all calculation and charts.)

Write your evaluation in your assignment Word doc under the header “Evaluation of Control Chart and Process Metrics.”

OPSCB/574 Competency 1 Rubric Page 2 of 3

Step 3: Executive Summary

Write a 700-word executive summary that includes the following:

• A summary of the Process Evaluation (using either Lean or SPC or Six Sigma)

• A summary of the Evaluation of Control Chart and Process metrics based on SPC methods

• A summary of your evaluation of whether the process would benefit from the use of Six Sigma, Lean, or other tools

• A description of the SPC project and recommendations for improvements

Add your summary to your Word doc with the header, “Executive Summary.”

OPSCB/574 Competency 1 Rubric Page 3 of 3

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* Watch the videos
* The video will refer to other recorded lessons on corporate governance. As this is required in your assignment, pls watch the recorded lessons
* Watch this video on SWOT analysis, which is also required in assignment

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1. LG 3

2. LG 4

Mary and Nick Stalcheck have an investment portfolio containing four investments. It was developed to provide them with a balance between current income and capital appreciation. Rather than acquire mutual fund shares or diversify within a given class of investments, they developed their portfolio with the idea of diversifying across various asset classes. The portfolio currently contains common stock, industrial bonds, mutual fund shares, and options. They acquired each of these investments during the past three years, and they plan to purchase other investments sometime in the future.

Currently, the Stalchecks are interested in measuring the return on their investment and assessing how well they have done relative to the market. They hope that the return earned over the past calendar year is in excess of what they would have earned by investing in a portfolio consisting of the S&P 500 Stock Composite Index. Their research has indicated that the risk-free rate was 7.2% and that the (before-tax) return on the S&P 500 portfolio was 10.1% during the past year. With the aid of a friend, they have been able to estimate the beta of their portfolio, which was 1.20. In their analysis, they have planned to ignore taxes because they feel their earnings have been adequately sheltered. Because they did not make any portfolio transactions during the past year, all of the Stalchecks’s investments have been held more than 12 months, and they would have to consider only unrealized capital gains, if any. To make the necessary calculations, the Stalchecks have gathered the following information on each investment in their portfolio.

Common stock. They own 400 shares of KJ Enterprises common stock. KJ is a diversified manufacturer of metal pipe and is known for its unbroken stream of dividends. Over the past few years, it has entered new markets and, as a result, has offered moderate capital appreciation potential. Its share price has risen from $17.25 at the start of the last calendar year to $18.75 at the end of the year. During the year, quarterly cash dividends of $0.20, $0.20, $0.25, and $0.25 were paid.

Industrial bonds. The Stalchecks own eight Cal Industries bonds. The bonds have a $1,000 par value, have a 9.250% coupon, and are due in 2027. They are A-rated by Moody’s. The bonds were quoted at 97.000 at the beginning of the year and ended the calendar year at 96.375%.

Mutual fund. The Stalchecks hold 500 shares in the Holt Fund, a balanced, no-load mutual fund. The dividend distributions on the fund during the year consisted of $0.60 in investment income and $0.50 in capital gains. The fund’s NAV at the beginning of the calendar year was $19.45, and it ended the year at $20.02.

Options. The Stalchecks own 100 options contracts on the stock of a company they follow. The value of these contracts totaled $26,000 at the beginning of the calendar year. At year-end the total value of the options contracts was $29,000.

Questions

a. Calculate the holding period return on a before-tax basis for each of these four investments.

b. Assuming that the Stalchecks’s ordinary income is currently being taxed at a combined (federal and state) tax rate of 38% and that they would pay a 15% capital gains tax on dividends and capital gains for holding periods longer than 12 months, determine the after-tax HPR for each of their four investments.

c. Recognizing that all gains on the Stalchecks’s investments were unrealized, calculate the before-tax portfolio HPR for their four-investment portfolio during the past calendar year. Evaluate this return relative to its current income and capital gain components.

d. Use the HPR calculated in question c to compute Jensen’s measure (Jensen’s alpha). Use that measure to analyze the performance of the Stalchecks’s portfolio on a risk-adjusted, market-adjusted basis. Comment on your finding. Is it reasonable to use Jensen’s measure to evaluate a four-investment portfolio? Why or why not?

e. On the basis of your analysis in questions a, c, and d, what, if any, recommendations might you offer the Stalchecks relative to the revision of their portfolio? Explain your recommendations.

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