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Term paper Essay

Custom Student Mr. Teacher ENG 1001-04 27 May 2018

Term paper

There are so many options available to how they can structure the new business(s). The appropriate business entity for any individual(s) will depend on their particular facts and circumstances.

You are a valued colleague and friend of this three-some and they have come to you seeking advice as to how to structure their new business. They have the knowledge to figure it out themselves, but are looking for the advice of an unbiased 3rd party. Please consider the following tax and non-tax considerations as you recommend an entity choice to Penelope, Mark and John.

After 20+ years of working for other firms, Penelope (Enrolled Agent, age 41), Mark (CPA, age 43) and John (CVA, age 65) want to leave the firms they are currently employed by and become their own bosses. Penelope specializes in Taxes, Mark is the Auditor and John is a Business Valuation expert.

There are so many options available to how they can structure the new business(s). The appropriate business entity for any individual(s) will depend on their particular facts and circumstances.

You are a valued colleague and friend of this three-some and they have come to you seeking advice as to how to structure their new business. They have the knowledge to figure it out themselves, but are looking for the advice of an unbiased 3rd party. Please consider the following tax and non-tax considerations as you recommend an entity choice to Penelope, Mark and John.

After 20+ years of working for other firms, Penelope (Enrolled Agent, age
41), Mark (CPA, age 43) and John (CVA, age 65) want to leave the firms they are currently employed by and become their own bosses. Penelope specializes in Taxes, Mark is the Auditor and John is a Business Valuation expert.

There are so many options available to how they can structure the new business(s). The appropriate business entity for any individual(s) will depend on their particular facts and circumstances.

You are a valued colleague and friend of this three-some and they have come to you seeking advice as to how to structure their new business. They have the knowledge to figure it out themselves, but are looking for the advice of an unbiased 3rd party. Please consider the following tax and non-tax considerations as you recommend an entity choice to Penelope, Mark and John.

After 20+ years of working for other firms, Penelope (Enrolled Agent, age 41), Mark (CPA, age 43) and John (CVA, age 65) want to leave the firms they are currently employed by and become their own bosses. Penelope specializes in Taxes, Mark is the Auditor and John is a Business Valuation expert.

There are so many options available to how they can structure the new business(s). The appropriate business entity for any individual(s) will depend on their particular facts and circumstances.

You are a valued colleague and friend of this three-some and they have come to you seeking advice as to how to structure their new business. They have the knowledge to figure it out themselves, but are looking for the advice of an unbiased 3rd party. Please consider the following tax and non-tax considerations as you recommend an entity choice to Penelope, Mark and John.

After 20+ years of working for other firms, Penelope (Enrolled Agent, age 41), Mark (CPA, age 43) and John (CVA, age 65) want to leave the firms they are currently employed by and become their own bosses. Penelope specializes in Taxes, Mark is the Auditor and John is a Business Valuation
expert.

There are so many options available to how they can structure the new business(s). The appropriate business entity for any individual(s) will depend on their particular facts and circumstances.

You are a valued colleague and friend of this three-some and they have come to you seeking advice as to how to structure their new business. They have the knowledge to figure it out themselves, but are looking for the advice of an unbiased 3rd party. Please consider the following tax and non-tax considerations as you recommend an entity choice to Penelope, Mark and John.

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  • Type of paper: Thesis/Dissertation Chapter

  • Date: 27 May 2018

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Term paper Essay

Custom Student Mr. Teacher ENG 1001-04 27 May 2018

Term paper

Focus: Strategic issues in risk return tradeoff relation, beta estimation, portfolio management, market efficiency, and market timing. Assignment Questions
1 Discuss the strategy and goals of Alex Sharpe and relate them to the efficient market hypothesis.

2 Calculate the return and variability (standard deviation) of Reynolds, Hasbro, and Vanguard Index 500 Trust during the past 5 years. Which one appears to be riskiest?

S&P 500
REYNOLDS
HASBRO
Mean
0.57%
1.87%
1.18%
Variance
0.13%
0.88%
0.66%
Standard Deviation
3.60%
9.37%
8.12%

– Conclusion:
Reynolds appears to be riskiest.
– Explanation:
Given the fact that risk reflects the uncertainty of future return on a given asset or a portfolio of assets, standard deviation is thus used as a measure of the risk for the reason that it examines the historical price fluctuations of the underlying assets. Hence, the higher standard deviation,
the higher risk the asset bears. Based on the calculation, Reynolds is riskiest because it has the highest standard deviation.

3 Suppose Sharpe’s position had been 99% of equity funds invested in the index fund, and 1% in the individual stock. Calculate the return and variability of each portfolio using each stock. How does each stock affect the return and variability of the equity investment? Which portfolio is riskiest? How does this relate to your answer to question 2?

S&P 500
Portfolio #1
S&P500 and Reynolds
Portfolio #2
S&P500 and Hasbro
Mean
0.57%
0.59%
0.58%
Variance
0.13%
0.13%
0.13%
Standard Deviation
3.60%
3.59%
3.62%

– Effect on the initial equity investment:
Portfolio #1: Higher expected return, lower variability
Portfolio #2: Higher expected return, higher variability

– Conclusion:
Per the answer of question 2, portfolio #2 is the riskiest for the reason that it has the highest standard deviation.

4 Perform a regression of each stock’s monthly returns on the Index returns to compute the “beta” for each stock. How does this relate to the situation described in question 2 above? In what stock(s) (if any) should Sharpe invest? How might the expected return for each stock relate to its riskiness?

5 What would be your (i) goal and (ii) strategy if you are the portfolio manager? Please provide a reasonable analysis to support your goal and strategy.a

Free Term paper Essay Sample

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  • Subject:

  • University/College: University of Chicago

  • Type of paper: Thesis/Dissertation Chapter

  • Date: 27 May 2018

  • Words:

  • Pages:

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