Decision Making in Business and Career Success Accounting Assignment Help

Assignment Task

Part I:

Businesses hire cash managers to invest their cash/profits on a daily basis. Suppose you are an entrepreneur who wants to invest some its company’s profits each month into an account for 10 years. The accumulation of funds will be used to finance the company’s capital projects or for funding a purchase or merger of another company. In other words, the company would “self-finance” its capital activities after ten years of saving/investing. Using Dave Ramsey’s mutual fund investing philosophy, you will select one mutual fund from four different mutual fund categories: Large cap, mid cap, small cap, and foreign/global/international.

Your will use the following link for selecting the mutual funds:

Go to yahoo.com and click on finance; then follow the instructions on the guidance document. You will be investing $5,000 per month for each of the mutual funds over a 10 year period based on their 10 year annualized return for each fund

• Select a mutual fund
• What is the 10 year rate of return found in the Performance section under the line entitled “Fund”, review the risk and return ratings for this mutual fund and provide a comment?
• What is the expense percentage for this mutual fund found towards the top of the fund page? Provide a comment?
• List the top 5 holdings of the fund found towards the bottom of the fund page.

You are to comment on the following:

•  What is your response to the total return amount from your investments?
•  As a future manager, describe how you would manage this fund into the future (after the 10 year investing period). Suppose you would draw about 6% interest from the fund to be used for business activities (again, after the 10 year investing period), please comment on the 6% withdrawal on this interest earnings from the investment.
•  Using this investment strategy, how does it change your business outlook for future growth of your business?
•  Discuss the possible impact of “self-financing” on the balance sheet and income statement. Also comment on how self-financing can affect decision making. (Note: “self-financing” for this example would be the funding provided from the interest earned after the 10 year investing period.)

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