Assume you are a fund manager. You were recently approached by a new client who is looking to invest
$1million outside of their employment-based income. Your client is 45 years old and working as a software
engineer for a reputable firm. The primary goal of your client is capital appreciation, and to also provide
an additional income source in the short term as he transitions toward retirement. Your client plans to
retire once he turns 65, and has a medium to a high level of risk tolerance therefore willing for their funds
to be invested in equity securities. Your client is looking for the development of an investment portfolio
with a capital growth perspective and are also concerned about ongoing income or the tax-effectiveness of
the portfolio.


Required:
a) Construct an investment portfolio for your client using the Portfolio Management Process steps
covered in Chapter 28: Investment Policy Framework.
b) For the equity portion of your asset allocation, use the top-down approach of fundamental
analysis from Chapter 17: (Macroeconomic and Industry Analysis), covered in week 2, to recommend the choice of stocks you planned to include in your client’s portfolio. Limit your choice of stocks to stocks listed on the Toronto
Stock Exchange.
c) In your company analysis, do a trend analysis of key performance ratios of firms you planned to
purchase for your client and comment on your findings. Your analysis should cover the period
2016 to 2020.
d) Conclude by explaining the vulnerability of your portfolio construction

Answers

Answer 1

The client's long-term investment horizon may compensate for any market downturns and provide opportunities for growth using Portfolio Management Process.

a) Investment Portfolio for Client using Portfolio Management Process steps The Portfolio Management Process comprises five steps, which are followed in constructing an investment portfolio for the client. These steps are explained below:

Step 1: Investment Policy Statement (IPS)The first step in the Portfolio Management Process is the creation of an Investment Policy Statement (IPS) that specifies the client's investment objectives and constraints.

Step 2: Strategic Asset AllocationThe second step is Strategic Asset Allocation, where we choose the asset class and allocate it as per the client's investment objective and risk profile. For the current client, we will allocate the asset class as follows:Asset ClassAllocationEquity Securities80%Fixed Income Securities20%

Step 3: Tactical Asset AllocationThe third step is Tactical Asset Allocation, where we decide on the portfolio's asset allocation based on the current economic scenario.

Step 4: Security SelectionThis step involves Security Selection, where we choose individual securities to include in the portfolio based on our fundamental analysis.

b) Choice of stocks for client’s portfolio based on top-down approach of fundamental analysis Macroeconomic and Industry Analysis: StockTicker Weight (%)Royal Bank of CanadaRY.TO20.00EnbridgeENB.TO20.00Canadian Natural ResourcesCNQ.TO20.00Brookfield Asset ManagementBAM-A.TO20.00ShopifySHOP.TO20.00Total100.00

c) Trend Analysis of key performance ratios of firms planned for purchaseA trend analysis of key performance ratios of firms planned for purchase for the client’s portfolio from 2016 to 2020 is shown below:Royal Bank of Canada: There is a consistent growth in the revenue of the company from 2016 to 2020. However, there is a slight decrease in the gross profit margin in 2018. The return on equity has been relatively stable with a slight increase from 2017 to 2020.

d) Vulnerability of the portfolio construction The vulnerability of this portfolio construction is that the allocation of 80% in equity securities makes the portfolio highly volatile. The stock market is unpredictable, and there may be fluctuations in stock prices. Therefore, the risk of capital loss cannot be ignored. The client's portfolio may suffer significant losses if there is a sudden market downturn.

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Related Questions

What has prevented you from saving money in the past? based on what you’ve learned, what can you do to change this?.

Answers

Whether or not you pick to pay off the very best interest-fee money owed first or pay down the smallest balances first, it is essential that you decide to pay it all off.

The faster you unfastened yourself of debt, the more money you'll lose to meet your financial savings desires.

Every other impediment to saving money can be a lack of economic literacy. It's imperative to enhance your economic knowledge due to the fact that frequently parking all your cash in a financial savings account will now not be enough.

Reasons why you ought to save money

monetary independence.dwelling debt-loose.unforeseen fees.buying a home.shopping for a car or different big-price ticket purchases.medical emergencies.making plans for your retirement.constructing a college fund for your children.

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Select all that apply Cost of goods sold is characterized by which of the following statements? (Check all that apply.) Multiple select question. Cost of goods sold is an asset reported on the balance sheet. Cost of goods sold is used to figure gross profit. Cost of goods sold is an expense reported on the income statement. Cost of goods sold includes the expenses of buying and preparing an item for sale. Cost of goods sold is also called cost of sales. Cost of goods sold is the money received from selling merchandise.

Answers

The correct answer is the Cost of goods sold includes the expenses of buying and preparing an item for sale, it is used to figure gross profit, it is an expense reported on the income statement and it is also called cost of sales.

Cost of goods sold is an accounting term and its is used to describe the amount of direct costs of producing the goods sold by a company.

Purchases for the period, Beginning inventory and Ending inventory for the period are the notably particulars used to derive this cost in accounting.

Let understand also that there is significant difference between Cost of goods sold and Cost of goods available for sales.

In conclusion, this accounting term is listed on the income statement, usually below the sales revenue and before the gross profit.

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Which of the following is the best way to write a salutation in a cover letter addressed to Mr. Ravi Patel, Human Resources Manager, ABC Company? a. Dear Sir: b. To Whom It May Concern: c. Dear Mr. Patel: d. Gentlemen: Please select the best answer from the choices provided A B C D.

Answers

I believe your answer would be C. Dear Mr. Patel.

Seeing that the letter is addressed to one person whose name is known, option C. Would be the best option.

The ideal salutation for a cover letter addressed to Mr. Ravi Patel, Human Resources Manager of the ABC Company, is "Dear Mr. Patel." As a result, option (C) is the best one.

What is a cover letter?

A letter of introduction that is connected to or is included with another document, such as a resume or curriculum vitae, is known as a cover letter, covering letter, inspiration letter, motivating letter, or letter of motivation.

As a way of presenting oneself to potential employers and outlining their suitability for the desired roles, job seekers usually send a cover letter together with their curriculum vitae or petitions for employment.

Employers may use carefully crafted and unique cover letters as one tool for weeding out candidates who are not sufficiently interested in their openings or lack the essential foundational abilities.

In order to apply for an internship, students are frequently required to submit a cover letter. Samples of extracurricular and scholastic experiences ought to be included in these cover letters.

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can someone help pick 1, 2,or 3 ?

can someone help pick 1, 2,or 3 ?

Answers

Answer:

2no I think you are confused so

The process of measuring marketing results and adjusting the marketing plan as needed is called marketing ________.

Answers

Answer:

a new Long income in market to get a new meal

The managers at Alpha Corp. are closely observing trends in the industry. They are trying to identify factors that might have a significant influence on Alpha's business operations. Which of the following concepts is illustrated in the scenario?

Answers

Answer:

Environmental scanning

Explanation:

Environmental scanning is when information is being gathered about external forces inorder to know the factors that have impacts on a business. It is  also the gathering of information on situations which allows a business create and build good customer relationship.

Business environments are dynamic and could have impacts on the success of a firm hence requires business scanning inorder to align with the trend. One the purpose of environmental scanning is to provide future business directions to an organization and also assist in analyzing the strength, weakness, opportunities and threats to an organization.

Factors that might have significant influence on business operation includes but not limited to social and demographic factors, how competitors are reacting, technology, how well customers are reacting to the company's products, creditors, legal issues etc.

An hourly employee works 40 regular hours during a pay period. His base pay
is $12 per hour. He receives no other payments. What is his gross pay for the
period?
A. $480
Ο Ο Ο
B. $440
C. $400
D. $520

Answers

C is the awnser :)!!!

Answer:

A. 480

Explanation:

gotchu

in order to assess the performance of their firms and their supply chains, what do managers need to do to determine the needs of those customers?
a. Look at each segment of the markets they serve
b. Help identify new customer requirements
c. Rely on traditional performance measures
d. Collaborate in pricing of products

Answers

The correct option to the given question about assess the performance of their supply chains is option a) . Take a look at each market category they serve.

A corporation can generally use one of six major models to direct its supply chain management procedures.

The continuous flow model, one of the more established supply chain strategies, works best for developed sectors. The continuous flow model assumes that a producer will consistently produce the same good and that customer demand will be relatively stable. Agile Strategy: This model works best for businesses that provide products that customers order or have unexpected demand. This model places a premium on adaptability because a business must be ready to change course at any time in the event of a specific requirement.

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CORRECT ANSWERS ONLY!

1:After your first two years of college, you earn your master’s degree.


False

True

2:An MBA should only appeal to people who want to run a business.


True

False

3:You only need to get a minor if you think you will want to make a career change later in life.


False

True

4:There are two different kinds of bachelor's degrees, a Bachelor of Science and a Bachelor of Arts.


True

False

Answers

Answer:

1. False

2. True

3. False

4. False

Explanation:

1. Associate degree

2. A masters in business administration would be an asset to someone wanting to run a business

3.  A minor is a great way to augment skills

4. There is also a bachelors of fine arts


In applying the Cost-Volume-Profit (CVP) analysis for short term
decision purposes, certain assumptions are relevant. Enumerate at
least five (5) of such assumptions.

Answers

Assumptions relevant to Cost-Volume-Profit (CVP) analysis for short-term decision purposes include:

1. Constant sales mix: The relative proportion of different products sold remains constant.

2. Fixed costs and variable costs: Costs can be classified into fixed and variable categories.

3. Linear relationships: The behavior of costs and revenues is assumed to be linear within the relevant range.

4. Stable production volume: The production volume remains stable during the period of analysis.

5. Single product or constant product mix: The analysis assumes a single product or a constant product mix without significant changes.

1. Constant sales mix assumption is relevant because it simplifies the analysis by assuming that the sales mix of products does not change. This allows for easier calculation of contribution margin and breakeven points.

2. The assumption of fixed and variable costs is important for segregating costs into different categories. Fixed costs remain constant regardless of the level of production, while variable costs change proportionately with production volume.

3. The assumption of linear relationships implies that costs and revenues will change in a consistent and predictable manner based on production volume. This assumption simplifies the analysis by assuming a constant cost or revenue per unit.

4. The stable production volume assumption assumes that the level of production remains constant during the period under consideration. This assumption allows for easier calculation of per-unit costs and revenues.

5. The assumption of a single product or constant product mix is relevant when analyzing a specific product's profitability. It assumes that there are no significant changes in the product mix being sold, which facilitates the calculation of contribution margin and breakeven points for that particular product.

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Help please! Answers 1-6.

Help please! Answers 1-6.

Answers

KkAnswer:will do

Explanation:

A corporation chartered in Mexico and doing business in the United States is known as a foreign corporation in the United States
true or false?

Answers

Answer:

true

Explanation:

true because it's a business between two country

what is spam?
A unauthorized email featuring anonymous threats
B unauthorized email asking for sensitive information
C unauthorized email advertising services and events
D unauthorized email accidentally sent to the wrong address

what is spam?A unauthorized email featuring anonymous threatsB unauthorized email asking for sensitive

Answers

the correct answer is a
It is C because spam is when something is being repeat over and over so advertising services and events is spam because it could be repetitive!
Hope this helped

compare and contrast the different approaches to business ethics.

Answers

There are several different approaches to business ethics, each with its own unique strengths and weaknesses. These include:

Utilitarian ApproachRights-Based ApproachVirtue-Based ApproachStakeholder Approach

We proceed to compare and contrast approaches to business ethics:

Utilitarian Approach: This approach is based on the idea that the best ethical decision is the one that maximizes the greatest amount of good for the greatest number of people. It is often used in business to justify actions that may have negative consequences for some stakeholders, but overall benefit the majority.Rights-Based Approach: This approach focuses on the idea that every individual has certain fundamental rights that must be protected. In business, this approach is often used to protect the rights of employees, customers, and other stakeholders.Virtue-Based Approach: This approach is based on the idea that ethical behavior is rooted in personal virtues, such as honesty, integrity, and fairness. It is often used in business to promote a culture of ethical behavior and to guide individual decision-making.Stakeholder Approach: This approach recognizes that businesses have a responsibility to consider the interests of all stakeholders, including employees, customers, suppliers, shareholders, and the community. It is often used in business to balance the competing demands of different stakeholders and to make decisions that are in the best interest of all parties.

Overall, each of these approaches to business ethics offers a different perspective on what is right and wrong in the business world. By considering these different approaches, businesses can make more informed and ethical decisions.

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if you have a net spendable income of 1,450 per month, what is the maximum amount of money you should spend on entertainment each month

Answers

$420 is the correct answer however if you are not conservative $69 might be a good choice.

what is meant by business ​

Answers

Answer:

A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities.

Organization, engaged commercial, professional activities

answers for question 12!!!!

answers for question 12!!!!

Answers

Answer:

i think it may be A

Explanation:

Tucker works for a retail distributor company that was recently started. Tucker already invested a lot of his earnings into shares of the company. When the quarterly earnings are posted, Tucker receives a check for 8% of the quarterly profit of the company. Tucker belongs to a _________ Corporation.
A. Professional
B. Closely-Held
C. Sub chapter S

Answers

Closely- Held I think

Which option best describes the main behavior that economics studies?
O A. People creating different governments around the world
O B. People participating in a traditional musical performance
O C. People experiencing the physical symptoms of a disease
O D. People making choices based on their limited resources
They

Answers

Answer:

D

Explanation:

Economist are known as people who manage resources base on the quantity of resources available

Answer:

D

Explanation:

Economics is the study of unlimited wants and limited resources.

Which of these is not part of the process of consumption?
Reverse Marketing
Alternative Evaluation
Information search
Need Recognition

Answers

Reverse Marketing is not part of the process of consumption. Typically, this is accomplished through conventional forms of advertising, including television, print, and web media.

Your brand is strengthened with the use of reverse marketing. The ideals you impart to people strengthen your business because you don't advertising goods. More people will discover your content and visit. People are more likely to connect with your brand's essence through reverse marketing than the product itself.

Reverse marketing is exemplified by social media. Customers advertise to both organisations and other customers. That's a key distinction between traditional media, where an organisation markets advertising to and connects with its audience, and social media.

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this u have to consider while planing for inter croping farming ​

Answers

Answer:

Answer to the following question is as follows;

Explanation:

The soil, temperature, and variety are all factors to consider when deciding which crops to combine. It is critical that crops do not compete for space, nutrients, water, or sunshine with one another. Cultivating one crop having deep roots beside another with shallow roots is an illustration of an intercropping technique.

Country A would have an absolute advantage over Country B in the
production of computers under what circumstance?

Answers

Answer:

If country A is able to produce the same units of computers at a lower cost than country B under similar production conditions.

Explanation:

If under similar conditions of input and production process, country A is able to produce more units of computer than country B, then A is said to have an absolute advantage over B.

By definition, absolute advantage is the capacity of an establishment, person, country, or organization to produce a higher output with similar input and production process when compared to another establishment, person, country, or organization.

In other words, an entity will have an absolute advantage over another if the former is more efficient in its production.

Answer:

Companies in Country A can produce computers at a lower cost.

Explanation:

k12 ^_^

Give an example of a tariff. Use a primary source to give specifics about the amounts or percentages and your opinion on if it is good or bad for the United States (it may be a tariff on the United States or by the United States).
Answer must be 250 words minimum.

Answers

Answer:

Taxation of foreign steel

Explanation:

Generally, for the local producers at the first moment, it is very profitable the very existence of tariffs. They exist all over the world at a higher or lower level. But for the customers and most people, it is not. It may result

In the case of George W. Bush administration (2002) resolution on tariffs ranking up to 30% on steel products.

In the aftermath, this political resolution did not reach the goal due: making the US Steel Industry stronger, due to market behavior and to some specificities of the Steel industry.

Some steel products price has risen while others remained almost at the same level.

Some companies closed some plants in the USA and started producing steel offshore.

Eight projects have been awarded to a company. It is known that the chance this company completes an individual contract on time is 80%. What are the probabilities that: a) it completes all eight contracts on time b) it completes exactly six contracts on time c) it completes over six contracts on time d) it completes less than six contracts on time?

Answers

the probabilities have been rounded to five decimal places for simplicity.

To calculate the probabilities for completing contracts on time, we can use the binomial distribution since each contract is independent and has a fixed probability of success (completing on time) of 80%. The binomial distribution formula is:

P(X = k) = (n C k) * p^k * (1 - p)^(n - k)

where:

P(X = k) is the probability of getting exactly k successes

n is the total number of trials (number of contracts in this case)

k is the number of successful trials (contracts completed on time)

p is the probability of success in a single trial (completing a contract on time)

( n C k ) is the binomial coefficient, which represents the number of ways to choose k successes from n trials

a) To calculate the probability of completing all eight contracts on time:

P(X = 8) = (8 C 8) * (0.8)^8 * (1 - 0.8)^(8 - 8) = (1) * (0.8)^8 * (0.2)^0 = (0.8)^8 ≈ 0.16777 or 16.777%

b) To calculate the probability of completing exactly six contracts on time:

P(X = 6) = (8 C 6) * (0.8)^6 * (1 - 0.8)^(8 - 6) = (28) * (0.8)^6 * (0.2)^2 ≈ 0.30199 or 30.199%

c) To calculate the probability of completing over six contracts on time:

P(X > 6) = P(X = 7) + P(X = 8)

P(X = 7) = (8 C 7) * (0.8)^7 * (1 - 0.8)^(8 - 7) = (8) * (0.8)^7 * (0.2)^1 ≈ 0.33554 or 33.554%

P(X = 8) was calculated in part (a) as 16.777%

P(X > 6) = 0.33554 + 0.16777 = 0.50331 or 50.331%

d) To calculate the probability of completing less than six contracts on time:

P(X < 6) = P(X = 0) + P(X = 1) + P(X = 2) + P(X = 3) + P(X = 4) + P(X = 5)

P(X = 0) = (8 C 0) * (0.8)^0 * (1 - 0.8)^(8 - 0) = (1) * (1) * (0.2)^8 = (0.2)^8 ≈ 0.000016 or 0.0016%

P(X = 1) = (8 C 1) * (0.8)^1 * (1 - 0.8)^(8 - 1) = (8) * (0.8)^1 * (0.2)^7 ≈ 0.000786 or 0.0786%

P(X = 2) = (8 C 2) * (0.8)^2 * (1 - 0.8)^(8 - 2) = (28) * (0.8)^2 * (0.2)^6 ≈ 0.00635 or 0.635%

P(X = 3) = (8 C 3) * (0.8)^3 * (1 - 0.8)^(8 - 3) = (56) * (0.8)^3 * (0.2)^5 ≈ 0.0254 or 2.54%

P(X = 4) = (8 C 4) * (0.8)^4 * (1 - 0.8)^(8 - 4) = (70) * (0.8)^4 * (0.2)^4 ≈ 0.07392 or 7.392%

P(X = 5) = (8 C 5) * (0.8)^5 * (1 - 0.8)^(8 - 5) = (56) * (0.8)^5 * (0.2)^3 ≈ 0.13619 or 13.619%

P(X < 6) = 0.000016 + 0.000786 + 0.00635 + 0.0254 + 0.07392 + 0.13619 = 0.24269 or 24.269%

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a store at the mall having a minimum age requirement for workers is an example of which category of employee rights?

A. employee polygraph protection
B. workers compensation
C. workplace safety and health
D. wages and hours ​

Answers

Answer:D

Explanation:

I believe !

An example of a category of employee rights is a store in a mall that has a minimum age restriction for employees. Another example is salaries and hours. Hence option D is correct.

What rights do workers have?

You won't experience bullying or unjust treatment because of your race, colour, religion, sexual orientation, gender identity, national origin, handicap, age, or genetic information. Equal payment is made for comparable effort.

The Act establishes and makes clear three rights for employees: a "right to know" about the risks associated with their employment, a right to report workplace hazards to OSHA, and a right to protection against reprisals for exercising OSHA-protected rights.

Elimination of all forms of child labour, effective outlawing of forced or involuntary labour, and the abolition of discri mination based on unjust treatment employment and occupation, the right to associational freedom, and.

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chavez corporation reported the following data for the month of july: inventories: beginning ending raw materials $27,000 $30,000 work in process $16,000 $17,000 finished goods $32,000 $47,000 additional information: raw materials purchases $66,000 direct labor cost $91,000 manufacturing overhead cost incurred $59,000 indirect materials included in manufacturing overhead cost incurred $ 8,000 manufacturing overhead cost applied to work in process $58,000 any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. the cost of goods manufactured for july is:

Answers

The cost of goods manufactured for July is $219,000.

To calculate the cost of goods manufactured for July, we need to use the following formula:

Cost of Goods Manufactured = Direct Materials + Direct Labor + Manufacturing Overhead + Beginning Work in Process - Ending Work in Process

Direct Materials = Beginning Raw Materials + Purchases - Ending Raw Materials

= $27,000 + $66,000 - $30,000

= $63,000

Direct Labor = $91,000

Manufacturing Overhead = Applied Manufacturing Overhead + Indirect Materials Incurred

= $58,000 + $8,000

= $66,000

Beginning Work in Process = $16,000

Ending Work in Process = $17,000

Now we can calculate the cost of goods manufactured:

Cost of Goods Manufactured = $63,000 + $91,000 + $66,000 + $16,000 - $17,000

= $219,000

Therefore, the cost of goods is $219,000.

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what is the approximate frequency of interglacial periods?

Answers

The approximate frequency of interglacial periods is about 100,000 years. Interglacial periods occur approximately every 10,000–100,000 years. The exact frequency depends on several factors, including changes in Earth's orbit and the orientation of its axis.

The Milankovitch Cycles, which are periodic changes in the Earth's orbit, are the primary driver of these interglacial periods. The period of the Milankovitch cycle is roughly 100,000 years.

An interglacial period is a geological term for a warm period that takes place between two ice ages in the Earth's geological history. These periods of glacial advance and retreat are caused by subtle shifts in Earth's orbit around the sun, which affect the amount of sunlight different regions receive at different times of the year.

The approximate frequency of interglacial periods is about 100,000 years. The current interglacial period, which began roughly 12,000 years ago, is known as the Holocene epoch.

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What are the remedial measures of unemployment in nepal?explain​

Answers

Measures to reduce unemployment: (1) Remedial measures: (a) Labour intensive techniques; (b) Population control; (c) Remove bottlenecks in the way of working of industries; (d) Encourage self-employment; (e) Policy of decentralisation; and (f) Restructuring the educational system.

The AICPA has authority to establish standards and rules in all but which of the following areas?
A) Auditing standards applicable to financial statements of private companies
B) Compilation and review standards
C) Professional conduct
D) Auditing standards applicable to financial statements of private and public companies

Answers

The AICPA (American Institute of Certified Public Accountants) has authority to establish standards and rules in all of the following areas except D) Auditing standards applicable to financial statements of private and public companies.

The auditing standards applicable to financial statements of both private and public companies are established by the Public Company Accounting Oversight Board (PCAOB).

The AICPA (American Institute of Certified Public Accountants) has authority to establish standards and rules in the following areas:

A) Auditing standards applicable to financial statements of private companies: The AICPA sets auditing standards for private companies through the Auditing Standards Board (ASB). These standards are known as Generally Accepted Auditing Standards (GAAS) and are used by auditors when conducting audits of private company financial statements.

B) Compilation and review standards: The AICPA establishes standards for the preparation, compilation, and review of financial statements. These standards provide guidance to accountants when performing compilation and review engagements for clients.

C) Professional conduct: The AICPA establishes and enforces a Code of Professional Conduct that outlines ethical requirements and standards for CPAs. This code governs the professional behavior and responsibilities of AICPA members.

However, the AICPA does not have the authority to establish auditing standards applicable to financial statements of public companies. This responsibility falls under the jurisdiction of the Public Company Accounting Oversight Board (PCAOB), which was created by the Sarbanes-Oxley Act of 2002. The PCAOB sets auditing standards for public companies to ensure the integrity and accuracy of their financial statements.

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toyota was the standard of the auto industry for years because of their shared philosophy of kaizen, which is a philosophy of

Answers

The Toyota Production System (TPS), which is based totally on the philosophy of the complete elimination of all waste in pursuit of the most efficient methods, has roots tracing lower back to Sakichi Toyoda's automated loom.

What is the philosophy at the back of the thinking of kaizen?

Kaizen is a Japanese business philosophy that focuses on step by step enhancing productiveness and making a work surroundings extra efficient. Kaizen supports trade from any employee at any time. Kaizen translates to alternate for the better or non-stop improvement.

The Toyota Production System (TPS), which is based on the philosophy of the entire removal of all waste in pursuit of the most environment friendly methods, has roots tracing lower back to Sakichi Toyoda's computerized loom.

What philosophy is the Toyota Production System based on?

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