Summarize the role of management as it relates to finance in a corporation.  In your post, address the following:

• Indicate the various aspects of finance that management must understand.
• Describe why a manager needs to understand the characteristics and importance of financial markets including risk and efficiency.
• Describe why cash flow is more important than sales in a business.
• Discuss what could happen if management does not fulfill responsibilities related to finance.  If you have one, share a real world example from your own professional experience or from an external source.

Your post should be 200-250 words in length.

Some questions in Part A require that you access data from Statistics for People Who (Think They) Hate Statistics. This data is available on the student website under the Student Text Resources link.

1.     Using the data in the file named Ch. 11 Data Set 2, test the research hypothesis at the .05 level of significance that boys raise their hands in class more often than girls. Do this practice problem by hand using a calculator. What is your conclusion regarding the research hypothesis? Remember to first decide whether this is a one- or two-tailed test.

2.     Using the same data set (Ch. 11 Data Set 2), test the research hypothesis at the .01 level of significance that there is a difference between boys and girls in the number of times they raise their hands in class. Do this practice problem by hand using a calculator. What is your conclusion regarding the research hypothesis? You used the same data for this problem as for Question 1, but you have a different hypothesis (one is directional and the other is nondirectional). How do the results differ and why?

3.     Practice the following problems by hand just to see if you can get the numbers right. Using the following information, calculate the t test statistic.

a.    

b.   

c.    

4.     Using the results you got from Question 3 and a level of significance at .05, what are the two-tailed critical values associated with each? Would the null hypothesis be rejected?

5.     Using the data in the file named Ch. 11 Data Set 3, test the null hypothesis that urban and rural residents both have the same attitude toward gun control. Use IBM^® SPSS^® software to complete the analysis for this problem.

6.     A public health researcher tested the hypothesis that providing new car buyers with child safety seats will also act as an incentive for parents to take other measures to protect their children (such as driving more safely, child-proofing the home, and so on). Dr. L counted all the occurrences of safe behaviors in the cars and homes of the parents who accepted the seats versus those who did not. The findings: a significant difference at the .013 level. Another researcher did exactly the same study; everything was the same—same type of sample, same outcome measures, same car seats, and so on. Dr. R’s results were marginally significant (recall Ch. 9) at the .051 level. Which result do you trust more and why?

7.     In the following examples, indicate whether you would perform a t test of independent means or dependent means.

a.     Two groups were exposed to different treatment levels for ankle sprains. Which treatment was most effective?

b.    A researcher in nursing wanted to know if the recovery of patients was quicker when some received additional in-home care whereas when others received the standard amount.

c.     A group of adolescent boys was offered interpersonal skills counseling and then tested in September and May to see if there was any impact on family harmony.

d.    One group of adult men was given instructions in reducing their high blood pressure whereas another was not given any instructions.

e.     One group of men was provided access to an exercise program and tested two times over a 6-month period for heart health.

8.     For Ch. 12 Data Set 3, compute the t value and write a conclusion on whether there is a difference in satisfaction level in a group of families’ use of service centers following a social service intervention on a scale from 1 to 15. Do this exercise using IBM^® SPSS^® software, and report the exact probability of the outcome.

9.     Do this exercise by hand. A famous brand-name manufacturer wants to know whether people prefer Nibbles or Wribbles. They sample each type of cracker and indicate their like or dislike on a scale from 1 to 10. Which do they like the most?

10.  Using the following table, provide three examples of a simple one-way ANOVA, two examples of a two-factor ANOVA, and one example of a three-factor ANOVA. Complete the table for the missing examples. Identify the grouping and the test variable.

11.  Using the data in Ch. 13 Data Set 2 and the IBM^® SPSS^® software, compute the F ratio for a comparison between the three levels representing the average amount of time that swimmers practice weekly (< 15, 15–25, and > 25 hours) with the outcome variable being their time for the 100-yard freestyle. Does practice time make a difference? Use the Options feature to obtain the means for the groups.

12.  When would you use a factorial ANOVA rather than a simple ANOVA to test the significance of the difference between the averages of two or more groups?

13.  Create a drawing or plan for a 2 × 3 experimental design that would lend itself to a factorial ANOVA. Identify the independent and dependent variables.

From Salkind (2011). Copyright © 2012 SAGE. All Rights Reserved. Adapted with permission.

Some questions in Part B require that you access data from Using SPSS for Windows and Macintosh. This data is available on the student website under the Student Text Resources link.

The data for Exercise 14 is in thedata file named Lesson 22 Exercise File 1.

14.  John is interested in determining if a new teaching method, the involvement technique, is effective in teaching algebra to first graders. John randomly samples six first graders from all first graders within the Lawrence City School System and individually teaches them algebra with the new method. Next, the pupils complete an eight-item algebra test. Each item describes a problem and presents four possible answers to the problem. The scores on each item are 1 or 0, where 1 indicates a correct response and 0 indicates a wrong response. The IBM^® SPSS^® data file contains six cases, each with eight item scores for the algebra test.

Conduct a one-sample t test on the total scores. On the output, identify the following:

The Genesis Energy operations management team, nearing completion of its agreement with Sensible Essentials, was asked by senior management to present a capital plan for the operating expansion. The capital plan was not to be a wish list but an analysis of the necessary expenditures to successfully establish a fully equipped operating facility overseas.

In addition, senior management requested meaningful financial and operating metrics to ensure that the performance objectives for the facility were being met. The operations management team was given five days to accomplish the following:

1. Calculate the firm’s WACC.
2. Prepare and analyze each planned capital expenditure.
3. Evaluate, rank, and recommend the capital expenditures according to beneficial value to the organization, using the evaluation tools NPV, payback, and IRR. Evaluation, ranking, and recommendations should be by category of expenditures. For example, facility, equipment 1, 2, and 3, and inspection.
4. Using the selected choices in part three, calculate the full cost of establishing a fully equipped facility. This would include the facility, equipment 1, 2, and 3, and inspection. In addition, calculate the payback, NPV, and IRR for the completed facility.
5. Construct and recommend between three and five metrics to measure the performance of the organization. At least one metric should be dividend decision-making driven.
6. Prepare an executive summary along with a separate document showing the calculations.

Part I

Following the example of the operations management team, do the following:

1. Download the Capital Budgeting spreadsheet, and compute the WACC for Genesis Energy.
2. Using the information provided in the spreadsheet, analyze Genesis Energy’s project options. Then, calculate the periodic and cumulative net cash flows for each potential project and its associated options. Please note that there are five projects (facility, equipment pieces 1, 2, and 3, and internal inspection), and that each project offers multiple-configuration options (facility size, equipment type, etc.).
3. Evaluate, rank, and recommend a specific option for each capital project according to beneficial value to the organization, using the evaluation tools NPV, payback, and IRR.
4. Construct and recommend between three and five metrics to measure the performance of the new operating strategy. At least one metric should reflect dividend policy as it relates to rewarding shareholders.
5. Prepare an executive summary describing your recommendations for each project and the overall cost, net cash flows, and expected returns of the operating configuration that you recommend. Be sure to justify your recommendations in terms of the investment criteria applied in Step 3 above. Be sure to report the full cost of the facility as it is configured per your recommendations. Present and justify your operating strategy performance metrics.

Your complete report should include all of your calculations as appendices (5 pages, or 1 page for each project).

Part II—Executive Summary Presentation

Because of limited resources in an era of plentiful opportunities, companies must carefully select investments. You analyzed Genesis Energy’s expansion plans and explained your findings in M5: Assignment 1 (Part 1).

This assignment is based on those findings. In this assignment, you will create a PowerPoint presentation that will include the following information:

• An executive summary of your findings from M5: Assignment 1. Be sure to adhere to the following:
  • The presentation should be approximately 6–8 minutes (or 10–12 slides).
  • A statement of the problem or topic is included.
  • A concise analysis of the findings is included.
  • Specific details from M5: Assignment 1 (Part 1), to highlight or support the summary are incorporated.

Develop a 10–12-slide presentation in PowerPoint format. Apply APA standards to citation of sources.

Please contact me if any other information is needed. 

Write a 700- to 1,050-word paper that describes the importance of blue ocean strategy and identifies a product or service that would be considered a blue ocean move. Include the following:

• A description of blue ocean strategy and its importance

• A product or service that might be considered a blue ocean move and why

• An alternative red ocean move for the same product or service along with the pros and cons of that strategy

Format your paper consistent with APA guidelines.