Financing Entrepreneurships Assignment 1 and 2

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FIN 317 – Financing Entrepreneurships

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FIN 317 Student Version 1128 (1138 7-9-2012) Final Page 1 of 17

COURSE DESCRIPTION

The course explores the various aspects of financing an entrepreneurial venture. Emphasis will be placed on crafting a business plan, forms of ownership, and exploring funding options.

INSTRUCTIONAL MATERIALS

Required Resources

Leach, J. C., & Melicher, R. W. (2012). Entrepreneurial finance (4th ed.). Mason, OH: South-Western Cengage Learning.

Supplemental Resources

Baird, D. G., & Morrison, E. R. (2005). Serial entrepreneurs and small business bankruptcies. Columbia Law Review, 105(8), 2310-2368.

Bayar, O., & Chemmanur, T. J. (2011). IPOs versus acquisitions and the valuation premium puzzle: A

theory of exit choice by entrepreneurs and venture capitalists. Journal of Financial & Quantitative Analysis, 46(6), 1755-1793.

Byrne, J. A. (2012). The 12 greatest entrepreneurs of our time and what you can learn from them.

Fortune, 165(5), 68-86. Claire, L. (2012). Re-storying the entrepreneurial ideal: Lifestyle entrepreneurs as hero? TAMARA:

Journal of Critical Postmodern Organizational Science, 10(1/2), 31-39. Eddleston, K. A., & Powell, G. N. (2012). Nurturing entrepreneurs’ work-family balance: A gendered

perspective. Entrepreneurship: Theory & Practice, 36(3), 513-541. Seghers, A., Manigart, S., & Vanacker, T. (2012). The impact of human and social capital on

entrepreneurs’ knowledge of finance alternatives. Journal of Small Business Management, 50(1), 63-86.

Veda, M. (2004). Banks versus venture capital: Project evaluation, screening and expropriation. Journal

of Finance, 59(2), 601-621. von Blumenthal, K. (2008). Economic theorist and entrepreneur of populatisation: Schumpter as Finance

Minister and journalist. European Journal of History of Economic Thought, 15(4), 641-671.

COURSE LEARNING OUTCOMES

1. Apply the fundamentals of entrepreneurial financing.

2. Analyze the financial planning needs of various businesses.

3. Perform fundamental analysis of a business.

4. Assess securities’ laws both at federal and state level in relation to venture financing.

5. Examine the equity approach to valuing a new venture.

6. Analyze the venture capital process.

7. Compare and contrast different types of entrepreneurial financing.

8. Examine and discuss security structures.

9. Analyze financial constraints and exit strategies for ventures.

10. Use technology and information resources to research issues in financing entrepreneurships.

FIN 317 – Financing Entrepreneurships

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11. Write clearly and concisely about financing entrepreneurships using proper writing mechanics.

WEEKLY COURSE SCHEDULE

The standard requirement for a 4.5 credit hour course is for students to spend 13.5 hours in weekly work. This includes preparation, activities, and evaluation regardless of delivery mode.

Week Preparation, Activities, and Evaluation Points

1 Preparation

 Reading(s)

o Chapter 1: Introduction and Overview

 e-Activity

o Go to the Forbes Magazine Website to read the article titled “Trusting venture capitalists,” dated June 16, 2005, located at http://www.forbes.com/2005/06/16/entrepreneur-venture-capital- kawasaki-cx_gk_0616artofthestart.html. Be prepared to discuss.

Activities

 Discussions

Evaluation

 None

2 Preparation

 Reading(s)

o Chapter 2: From the Idea to a Business Plan

o Chapter 3: Organizing and Financing a New Venture

 e-Activity

o Research the Internet or the Strayer Library for trends in financing ventures during the recent economic downturn. Be prepared to discuss.

Activities

 Discussions

Evaluation

 Assignment 1: Your Business Venture

3 Preparation

 Reading(s)

o Chapter 4: Measuring Financial Performance

o Chapter 5: Evaluating Financial Performance

Activities

 Discussions

Evaluation

 None

4 Preparation

 Reading(s)

o Chapter 6: Financial Planning: Short Term and Long Term

http://www.forbes.com/2005/06/16/entrepreneur-venture-capital-kawasaki-cx_gk_0616artofthestart.html

FIN 317 – Financing Entrepreneurships

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Activities

 Discussions

Evaluation

 Assignment 2: The Basics of a Start-Up

150

5 Preparation

 Reading(s)

o Chapter 7: Types and Costs of Financial Capital

o Chapter 8: Securities Law Considerations when Obtaining Venture Financing

 e-Activity

o Use the Internet or the Strayer Library to research a start-up business that experienced securities law problems associated with obtaining venture funding. Be prepared to discuss.

Activities

 Discussions

Evaluation

 Midterm Exam: Chapters 1 through 6

150

6 Preparation

 Reading(s)

o Chapter 9: Valuing Early-Stage Ventures

 e-Activity

o Go to the Millennia Partner’s Website to read the white paper titled “Understanding Valuation: A Venture Investor’s Perspective,” located at http://www.millenniapartners.com/_documents/whitepaper/WhitePap erAttachment6.pdf. Be prepared to discuss.

Activities

 Discussions

Evaluation

 None

7 Preparation

 Reading(s)

o Chapter 10: Venture Capital Valuation Methods

o Chapter 11: Professional Venture Capital

 e-Activity

o Research the Internet of the Strayer Library for the pros and cons of Employee Stock Option Plans, (ESOP). Be prepared to discuss.

Activities

 Discussions

Evaluation

 Assignment 3: More of the Basics and Beyond

200

8 Preparation

 Reading(s)

http://www.millenniapartners.com/_documents/whitepaper/WhitePaperAttachment6.pdf

FIN 317 – Financing Entrepreneurships

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o Chapter 12: Other Financing Alternatives

 e-Activities

o Go to Entrepreneur.com Website to read the article titled “On Capitol Hill, Battle Over Small-Business Loans Grows Fierce,” dated March 15, 2012, located at http://www.entrepreneur.com/article/223164. Be prepared to discuss.

o Go to the CNN Money Website to read the news transcript titled “Firms turn to riskier financing,” dated February 21, 2012, located at http://money.cnn.com/2012/02/17/smallbusiness/bank_loans_financi ng/index.htm. Be prepared to discuss.

o Go to the CNN Money Website to read the news transcript titled “Got a Picasso? Get a small business loan,” dated June 1, 2012, located at http://money.cnn.com/2012/06/01/smallbusiness/Borro- loans/index.htm. Be prepared to discuss.

Activities

 Discussions

Evaluation

 None

9 Preparation

 Reading(s)

o Chapter 13: Security Structures and Determining Enterprise Values

 e-Activity

o Research the Internet or the Strayer Library for a technology business that seems like it would need funding from an equity source. Be prepared to discuss.

Activities

 Discussions

Evaluation

 None

10 Preparation

 Reading(s)

o Chapter 14: Harvesting the Business Venture Investment

o Chapter 15: Financially Troubled Ventures: Turnaround Opportunities?

Activities

 Discussions

Evaluation

 Assignment 4: Financing an Expansion

250

11 Preparation

 Reading(s): None

Activities

 Discussions

Evaluation

 Final Exam: Chapters 7 through 15

o Part 1: Chapters 7 through 11

225

http://www.entrepreneur.com/article/223164

http://money.cnn.com/2012/02/17/smallbusiness/bank_loans_financing/index.htm

http://money.cnn.com/2012/06/01/smallbusiness/Borro-loans/index.htm

FIN 317 – Financing Entrepreneurships

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o Part 2: Chapters 12 through 15

GRADING SCALE – UNDERGRADUATE

Assignment Total Points % of

Grade

Assignment 1: Your Business Venture 50 4%

Assignment 2: The Basics of a Start-Up 150 12%

Assignment 3: More of the Basics and Beyond 200 16%

Assignment 4: Financing an Expansion 250 20%

Midterm Exam (open book with a 2-hour time limit)

Chapters 1 through 6, 30 questions, worth 5 points apiece

150 12%

Final Exam: Chapters 7 through 15 (open book with a 2-hour time limit per part)

Part 1: Chapters 7 through 11, 25 questions, worth 5 points apiece

Part 2: Chapters 12 through 15, 20 questions, worth 5 points apiece

225 18%

Participation (22 discussions worth 10 points apiece) 220 18%

Total 1,245 100%

Points Percentage Grade

1,121 – 1,245 90% – 100% A

996 – 1,210 80% – 89% B

872 – 995 70% – 79% C

747 – 871 60% – 69% D

Below 747 Below 60% F

FIN 317 – Assignments and Rubrics

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Assignment 1: Your Business Venture

Due Week 2 and worth 50 points You are stepping into the world of becoming an entrepreneur. For this assignment, and the next three (3), pick an industry and a business you would like to own. This business must require the purchase of new or used equipment as an essential part of running the business (e.g., machine tooling, commercial stove top, dry-cleaning equipment, or commercial printing equipment). Write a one (1) page paper in which you:

1. Describe the industry and the type of business you plan to start. Provide specific details, such as the location, type of customers, and closest or main competition.

2. State why this type of business interests you.

3. Indicate why you believe this business could be successful. Provide support for your rationale.

Your assignment must follow these formatting requirements:

 Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.

 Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

 Use technology and information resources to research issues in financing entrepreneurships.

 Write clearly and concisely about financing entrepreneurships using proper writing mechanics. Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric.

Points: 50 Assignment 1: Your Business Venture

Criteria

Unacceptable Below 60% F

Meets Minimum

Expectations 60-69% D

Fair

70-79% C

Proficient 80-89% B

Exemplary 90-100% A

1. Describe the industry and the type of business you plan to start. Provide specific details, such as the location, type of customers, and closest or main competition. Weight: 60%

Did not submit or incompletely described the industry and the type of business you plan to start; did not submit or incompletely provided specific details, such as the location, type of customers, and closest or main competition.

Insufficiently described the industry and the type of business you plan to start; insufficiently provided specific details, such as the location, type of customers, and closest or main competition.

Partially described the industry and the type of business you plan to start; partially provided specific details, such as the location, type of customers, and closest or main competition.

Satisfactorily described the industry and the type of business you plan to start; satisfactorily provided specific details, such as the location, type of customers, and closest or main competition.

Thoroughly described the industry and the type of business you plan to start; thoroughly provided specific details, such as the location, type of customers, and closest or main competition.

2. State why this type of business interests you. Weight: 10%

Did not submit or incompletely stated why this type of business interests you.

Insufficiently stated why this type of business interests you.

Partially stated why this type of business interests you.

Satisfactorily stated why this type of business interests you.

Thoroughly stated why this type of business interests you.

FIN 317 – Assignments and Rubrics

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3. Indicate why you believe this business could be successful. Provide support for your rationale. Weight: 20%

Did not submit or incompletely indicated why you believe this business could be successful; did not submit or incompletely provided support for your rationale.

Insufficiently indicated why you believe this business could be successful; insufficiently provided support for your rationale.

Partially indicated why you believe this business could be successful; partially provided support for your rationale.

Satisfactorily indicated why you believe this business could be successful; satisfactorily provided support for your rationale.

Thoroughly indicated why you believe this business could be successful; thoroughly provided support for your rationale.

4. Clarity, writing mechanics, and formatting requirements Weight: 10%

More than 8 errors present

7-8 errors present

5-6 errors present

3-4 errors present

0-2 errors present

FIN 317 – Assignments and Rubrics

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Assignment 2: The Basics of a Start-Up

Due Week 4 and worth 150 points

This assignment investigates the financial needs of your business venture from Assignment 1.

Write a three to four (3-4) page paper in which you:

1. Outline the financial start-up needs for this business. Consider such items as cash, equipment, space lease or purchase, raw materials, labor costs, etc. Provide a rationale for your estimates. (This is only a preliminary list. As you progress in the course, this outline will be fine-tuned.)

2. Once you have estimated the start-up needs for this business, determine the best financing options to obtain the needed capital and how you would approach securing this type of financing. Justify your selection.

3. Evaluate the two (2) most important financial ratios that you will use to track the health of the business and explain how each would provide insight to the business performance. Provide a rationale with your response.

Your assignment must follow these formatting requirements:

The specific course learning outcomes associated with this assignment are:

 Apply the fundamentals of entrepreneurial financing.

 Analyze the financial planning needs of various businesses.

 Perform fundamental analysis of a business.

 Use technology and information resources to research issues in financing entrepreneurships.

 Write clearly and concisely about financing entrepreneurships using proper writing mechanics.

Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric.

Points: 150 Assignment 2: The Basics of a Start-Up

Criteria

Unacceptable

Below 60% F

Meets

Minimum

Expectations

60-69% D

Fair

70-79% C

Proficient

80-89% B

Exemplary

90-100% A

Did not submit or incompletely outlined the financial start-up needs for this business; did not submit or incompletely included such items as cash,

Insufficiently outlined the financial start- up needs for this business; insufficiently included such items as cash, equipment, space lease or

Partially outlined the financial start- up needs for this business; partially included such items as cash, equipment, space lease or

Satisfactorily outlined the financial start- up needs for this business; satisfactorily included such items as cash, equipment, space lease or

Thoroughly outlined the financial start- up needs for this business; thoroughly included such items as cash, equipment, space lease or

FIN 317 – Assignments and Rubrics

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equipment, space lease or purchase, raw materials, labor costs, etc.; did not submit or incompletely provided a rationale for your estimates.

purchase, raw materials, labor costs, etc.; insufficiently provided a rationale for your estimates.

purchase, raw materials, labor costs, etc.; partially provided a rationale for your estimates.

purchase, raw materials, labor costs, etc.; satisfactorily provided a rationale for your estimates.

purchase, raw materials, labor costs, etc.; thoroughly provided a rationale for your estimates.

2. Determine the best financing options to obtain the needed capital and how you would approach securing this type of financing. Justify your selection. Weight: 35%

Did not submit or incompletely determined the best financing options to obtain the needed capital and how you would approach securing this type of financing; did not submit or incompletely justified your selection.

Insufficiently determined the best financing options to obtain the needed capital and how you would approach securing this type of financing; insufficiently justified your selection.

Partially determined the best financing options to obtain the needed capital and how you would approach securing this type of financing; partially justified your selection.

Satisfactorily determined the best financing options to obtain the needed capital and how you would approach securing this type of financing; satisfactorily justified your selection.

Thoroughly determined the best financing options to obtain the needed capital and how you would approach securing this type of financing; thoroughly justified your selection.

Did not submit or incompletely evaluated the two (2) most important financial ratios that you will use to track the health of the business and did not submit or incompletely explained how each would provide insight to the business performance; did not submit or incompletely provided a rationale with your response.

Insufficiently evaluated the two (2) most important financial ratios that you will use to track the health of the business and insufficiently explained how each would provide insight to the business performance; insufficiently provided a rationale with your response.

Partially evaluated the two (2) most important financial ratios that you will use to track the health of the business and partially explained how each would provide insight to the business performance; partially provided a rationale with your response.

Satisfactorily evaluated the two (2) most important financial ratios that you will use to track the health of the business and satisfactorily explained how each would provide insight to the business performance; satisfactorily provided a rationale with your response.

Thoroughly evaluated the two (2) most important financial ratios that you will use to track the health of the business and thoroughly explained how each would provide insight to the business performance; thoroughly provided a rationale with your response.

4. Clarity, writing mechanics, and formatting requirements Weight: 10%

More than 8 errors present

7-8 errors present

5-6 errors present

3-4 errors present

0-2 errors present

FIN 317 – Assignments and Rubrics

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Assignment 3: More of the Basics and Beyond

Due Week 7 and worth 200 points

Using the same business you started in Assignment 1, you will continue to build a financial plan for the business. Write a four to five (4-5) page paper in which you:

1. Prepare a pro forma balance sheet for the first twelve (12) months of your business. Include the assumptions on which it is based. Justify your balance sheet.

2. Prepare a pro forma income statement for the first twelve (12) months of your business. Include the assumptions on which it is based. Justify your income statement.

3. Prepare a pro forma cash budget for the first twelve (12) months of your business. Include the assumptions that you have made when creating the budget. Justify your budget.

4. Scrutinize the costs (both tangible and intangible costs) of obtaining financial capital for your business start-up to determine whether the costs justify implementation of the funding source.

Your business is five (5) years old and running profitably. You are now ready to look outward five (5) more years to take the business to the next level.

5. Determine the specific details that would make the equity approach to valuing your business worthwhile. Provide a rationale with your response.

Your assignment must follow these formatting requirements:

The specific course learning outcomes associated with this assignment are:

 Apply the fundamentals of entrepreneurial financing.

 Perform fundamental analysis of a business.

 Examine the equity approach to valuing a new venture.

 Use technology and information resources to research issues in financing entrepreneurships.

 Write clearly and concisely about financing entrepreneurships using proper writing mechanics.

Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric.

Points: 200 Assignment 3: More of the Basics and Beyond

Criteria

Unacceptable

Below 60% F

Meets

Minimum

Expectations

60-69% D

Fair

70-79% C

Proficient

80-89% B

Exemplary

90-100% A

1. Prepare a pro forma balance sheet for the first 12 months of your business. Include the assumptions on which

Did not submit or incompletely prepared a pro forma balance sheet for the first

Insufficiently prepared a pro forma balance sheet for the first 12 months

Partially prepared a pro forma balance sheet for the first 12 months

Satisfactorily prepared a pro forma balance sheet for the first 12 months

Thoroughly prepared a pro forma balance sheet for the first 12 months

FIN 317 – Assignments and Rubrics

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it is based. Justify your balance sheet. Weight: 15%

12 months of your business; did not submit or incompletely included the assumptions on which it is based; did not submit or incompletely justified your balance sheet.

of your business; insufficiently included the assumptions on which it is based; insufficiently justified your balance sheet.

of your business; partially included the assumptions on which it is based; partially justified your balance sheet.

of your business; satisfactorily included the assumptions on which it is based; satisfactorily justified your balance sheet.

of your business; thoroughly included the assumptions on which it is based; thoroughly justified your balance sheet.

2. Prepare a pro forma income statement for the first 12 months of your business. Include the assumptions on which it is based. Justify your income statement Weight: 15%

Did not submit or incompletely prepared a pro forma income statement for the first 12 months of your business; did not submit or incompletely included the assumptions on which it is based; did not submit or incompletely justified your income statement.

Insufficiently prepared a pro forma income statement for the first 12 months of your business; insufficiently included the assumptions on which it is based; insufficiently justified your income statement.

Partially prepared a pro forma income statement for the first 12 months of your business; partially included the assumptions on which it is based; partially justified your income statement.

Satisfactorily prepared a pro forma income statement for the first 12 months of your business; satisfactorily included the assumptions on which it is based; satisfactorily justified your income statement.

Thoroughly prepared a pro forma income statement for the first 12 months of your business; thoroughly included the assumptions on which it is based; thoroughly justified your income statement.

3. Prepare a pro forma cash budget for the first 12 months of your business. Include the assumption that you have made when creating the budget. Justify your budget Weight: 20%

Did not submit or incompletely prepared a pro forma cash budget for the first 12 months of your business; did not submit or incompletely included the assumptions on which it is based; did not submit or incompletely justified your budget.

Insufficiently prepared a pro forma cash budget for the first 12 months of your business; insufficiently included the assumptions on which it is based; insufficiently justified your budget.

Partially prepared a pro forma cash budget for the first 12 months of your business; partially included the assumptions on which it is based; partially justified your budget.

Satisfactorily prepared a pro forma cash budget for the first 12 months of your business; satisfactorily included the assumptions on which it is based; satisfactorily justified your budget.

Thoroughly prepared a pro forma cash budget for the first 12 months of your business; thoroughly included the assumptions on which it is based; thoroughly justified your budget.

4. Scrutinize the costs (both tangible and intangible costs) of obtaining financial capital for your business start-up to determine whether the costs justify implementation of the funding source. Weight: 25%

Did not submit or incompletely scrutinized the costs (both tangible and intangible costs) of obtaining financial capital for your business start-up to determine whether the costs justify implementation of the funding source.

Insufficiently scrutinized the costs (both tangible and intangible costs) of obtaining financial capital for your business start- up to determine whether the costs justify implementation of the funding source.

Partially scrutinized the costs (both tangible and intangible costs) of obtaining financial capital for your business start- up to determine whether the costs justify implementation of the funding source.

Satisfactorily scrutinized the costs (both tangible and intangible costs) of obtaining financial capital for your business start- up to determine whether the costs justify implementation of the funding source.

Thoroughly scrutinized the costs (both tangible and intangible costs) of obtaining financial capital for your business start- up to determine whether the costs justify implementation of the funding source.

FIN 317 – Assignments and Rubrics

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5. Determine the specific details that would make the equity approach to valuing your business worthwhile. Provide a rationale with your response. Weight:15%

Did not submit or incompletely determined the specific details that would make the equity approach to valuing your business worthwhile; did not submit or incompletely provided a rationale with your response.

Insufficiently determined the specific details that would make the equity approach to valuing your business worthwhile; insufficiently provided a rationale with your response.

Partially determined the specific details that would make the equity approach to valuing your business worthwhile; partially provided a rationale with your response.

Satisfactorily determined the specific details that would make the equity approach to valuing your business worthwhile; satisfactorily provided a rationale with your response.

Thoroughly determined the specific details that would make the equity approach to valuing your business worthwhile; thoroughly provided a rationale with your response.

6. Clarity, writing mechanics, and formatting requirements Weight: 10%

More than 8 errors present

7-8 errors present

5-6 errors present

3-4 errors present

0-2 errors present

FIN 317 – Assignments and Rubrics

FIN 317 Student Version 1128 (1138 7-9-2012) Final Page 13 of 17

Assignment 4: Financing an Expansion

Due Week 10 and worth 250 points

After twelve (12) years, your business is wildly successful with multiple locations throughout the region. You are now ready to think really big. You want to purchase a huge competitor. (Note: You determine whether the competitor is a privately or publicly held company.) To expand, you will need additional capital from the debt or equity market, or both. Write a five to seven (5-7) page paper in which you:

1. Use one (1) of the valuation techniques identified in Chapters 10 and 11 to calculate the value of the competitor you wish to purchase. Note: You will have to make assumptions; however, your assumptions need to be rationally supported.

2. Analyze the various financial tools available to you to determine the tools that will be most helpful in assessing whether your company can afford to purchase the competitor. Support your response.

Imagine you can indeed afford to purchase the competitor; however, you will need an additional $100 million.

3. Examine the options available to you to finance the competitor through the debt market, recommending the best alternative as a result of your analysis. Provide support for your recommendation.

4. Examine the options available to you to finance the competitor through the equity market, recommending the best alternative as a result of your analysis. Provide support for your recommendation.

5. Conduct a cross comparison of your debt and equity examinations to determine where to ideally obtain the additional $100 million funding needed to make the purchase and the approach that you would take to securing the funds. Provide support for your recommendation.

Your assignment must follow these formatting requirements:

The specific course learning outcomes associated with this assignment are:

 Apply the fundamentals of entrepreneurial financing.

 Examine the equity approach to valuing a new venture.

 Analyze the venture capital process.

 Compare and contrast different types of entrepreneurial financing.

 Examine and discuss security structures.

 Use technology and information resources to research issues in financing entrepreneurships.

 Write clearly and concisely about financing entrepreneurships using proper writing mechanics.

Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric.

FIN 317 – Assignments and Rubrics

FIN 317 Student Version 1128 (1138 7-9-2012) Final Page 14 of 17

Points: 250 Assignment 4: Financing an Expansion

Criteria

Unacceptable

Below 60% F

Meets

Minimum

Expectations

60-69% D

Fair

70-79% C

Proficient

80-89% B

Exemplary

90-100% A

1. Use one (1) of the valuation techniques identified in Chapters 10 and 11 to calculate the value of the competitor you wish to purchase. Weight: 20%

Did not submit or incompletely used one (1) of the valuation techniques identified in Chapters 10 and 11 to calculate the value of the competitor you wish to purchase.

Insufficiently used one (1) of the valuation techniques identified in Chapters 10 and 11 to calculate the value of the competitor you wish to purchase.

Partially used one (1) of the valuation techniques identified in Chapters 10 and 11 to calculate the value of the competitor you wish to purchase.

Satisfactorily used one (1) of the valuation techniques identified in Chapters 10 and 11 to calculate the value of the competitor you wish to purchase.

Thoroughly used one (1) of the valuation techniques identified in Chapters 10 and 11 to calculate the value of the competitor you wish to purchase.

Weight: 15%

Did not submit or incompletely analyzed the various financial tools available to you to determine the tools that will be most helpful in assessing whether your company can afford to purchase the competitor; did not submit or incompletely supported your response.

Insufficiently analyzed the various financial tools available to you to determine the tools that will be most helpful in assessing whether your company can afford to purchase the competitor; insufficiently supported your response.

Partially analyzed the various financial tools available to you to determine the tools that will be most helpful in assessing whether your company can afford to purchase the competitor; partially supported your response.

Satisfactorily analyzed the various financial tools available to you to determine the tools that will be most helpful in assessing whether your company can afford to purchase the competitor; satisfactorily supported your response.

Thoroughly analyzed the various financial tools available to you to determine the tools that will be most helpful in assessing whether your company can afford to purchase the competitor; thoroughly supported your response.

3. Examine the options available to you to finance the competitor through the debt market, recommending the best alternative as a result of your analysis. Provide support for your recommendation. Weight: 15%

Did not submit or incompletely examined the options available to you to finance the competitor through the debt market, recommending the best alternative as a result of your analysis; did not submit or incompletely provided support for your recommendation.

Insufficiently examined the options available to you to finance the competitor through the debt market, recommending the best alternative as a result of your analysis; insufficiently provided support for your recommendation.

Partially examined the options available to you to finance the competitor through the debt market, recommending the best alternative as a result of your analysis; partially provided support for your recommendation.

Satisfactorily examined the options available to you to finance the competitor through the debt market, recommending the best alternative as a result of your analysis; satisfactorily provided support for your recommendatio n.

Thoroughly examined the options available to you to finance the competitor through the debt market, recommending the best alternative as a result of your analysis; thoroughly provided support for your recommendatio n.

4. Examine the options available to you to finance the competitor through the equity market,

Did not submit or incompletely examined the options available to you to finance the competitor

Insufficiently examined the options available to you to finance the competitor through the

Partially examined the options available to you to finance the competitor through the

Satisfactorily examined the options available to you to finance the competitor

Thoroughly examined the options available to you to finance the competitor

FIN 317 – Assignments and Rubrics

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recommending the best alternative as a result of your analysis. Provide support for your recommendation. Weight: 15%

through the equity market, recommending the best alternative as a result of your analysis.

equity market, recommending the best alternative as a result of your analysis.

through the equity market, recommending the best alternative as a result of your analysis.

Did not submit or incompletely conducted a cross comparison of your debt and equity examinations to determine where to ideally obtain the additional $100 million funding needed to make the purchase and the approach that you would take to securing the funds.

Insufficiently conducted a cross comparison of your debt and equity examinations to determine where to ideally obtain the additional $100 million funding needed to make the purchase and the approach that you would take to securing the funds.

Partially conducted a cross comparison of your debt and equity examinations to determine where to ideally obtain the additional $100 million funding needed to make the purchase and the approach that you would take to securing the funds.

Satisfactorily conducted a cross comparison of your debt and equity examinations to determine where to ideally obtain the additional $100 million funding needed to make the purchase and the approach that you would take to securing the funds.

Thoroughly conducted a cross comparison of your debt and equity examinations to determine where to ideally obtain the additional $100 million funding needed to make the purchase and the approach that you would take to securing the funds.

6. Clarity, writing mechanics, and formatting requirements Weight: 10%

More than 8 errors present

7-8 errors present

5-6 errors present

3-4 errors present

0-2 errors present

FIN 317 – Student Notes

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Weekly Course Schedule

The purpose of the course schedule is to give you, at a glance, the required preparation, activities, and evaluation components of your course. For more information about your course, whether on-ground or online, access your online course shell.

The expectations for a 4.5 credit hour course are for students to spend 13.5 hours in weekly work. This time estimate includes preparation, activities, and evaluation regardless of the delivery mode.

Instructional Materials

In order to be fully prepared, obtain a copy of the required textbooks and other instructional materials prior to the first day of class. When available, Strayer University provides a link to the first three (3) chapters of your textbook(s) in eBook format. Check your online course shell for availability.

Review the online course shell or check with your professor to determine whether Internet-based assignments and activities are used in this course.

Strayer students are encouraged to purchase their course materials through our designated Strayer Bookstore. http://www.strayerbookstore.com If a lab is required for the course, the Strayer Bookstore is the only vendor that sells the correct registration code so that Strayer students may access labs successfully.

Discussions

To earn full credit in an online threaded discussion, students must have one original post and a minimum of one other post per discussion thread.

Please note: Material in the online class will be made available on the previous Thursday. As it is always possible that students could lose their work due to unforeseen circumstances, it is a best practice to routinely save a working draft in a separate file before posting in the course discussion area. Professors hold discussions during class time for on-ground students. Check with your professor if any additional discussion participation is required in the online course shell outside of class hours.

Tests

Tests (quizzes, midterm and final exams, essay exams, lab tests, etc.) are available for student access and completion through the online course shell. Check the online course shell to determine how you are expected to take the tests.

 Online students are to complete the test by Monday 9:00 a.m. Details regarding due dates are posted in the Blackboard Calendar tool.

 On-ground students are to complete the tests after the material is covered and before the next class session.

Assignments

A standardized performance grading rubric is a tool your professor will use to evaluate your written assignments. Review the rubric before submitting assignments that have grading rubrics associated with them to ensure you have met the performance criteria stated on the rubric.

Grades are based on individual effort. There is no group grading; however, working in groups in the online or on-ground classroom is acceptable.

Assignments for online students are always submitted through the online course shell. On-ground professors will inform students on how to submit assignments, whether in paper format or through the online course shell.

http://www.strayerbookstore.com/

FIN 317 – Student Notes

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Resources

The Resource Center navigation button in the online course shell contains helpful links. Strayer University Library Resources are available here as well as other important information. You should review this area to find resources and answers to common questions.

Technical support is available for the following:

 For technical questions, please contact Strayer Online Technical Support by logging in to your

iCampus account at https://icampus.strayer.edu/login and submitting a case under “Student

Center,” then “Submit Help Ticket.” If you are unable to log in to your iCampus account, please

contact Technical Support via phone at (877) 642-2999.

 For concerns with your class, please access the Solution Center by logging in to your iCampus

account at https://icampus.strayer.edu/login and submitting a case under “Student Center,” then

“Submit Help Ticket.” If you are unable to log in to your iCampus account, please contact the IT

Help Desk at (866) 610-8123 or at mailto:[email protected].

TurnItIn.com is an optional online tool to assess the originality of student written work. Check with your professor for access and use instructions.

The Strayer Policies link on the navigation bar in the online course shell contains academic policies. It is important that students be aware of these policies.

https://icampus.strayer.edu/login

mailto:[email protected]