Question 1: Please provide feedback to 4 answers below with minimum 150 words per feedback. Please use the pronoun “you” as if you directly gave them the feedback. Thanks Study case: You can use https://finance.yahoo.com/ or https://www.marketwatch.com. Pick any THREE stocks. Compare them based on the following factors: 1. Look at price per share for each corporation. How much has each stock gained in last 3 months? A year? Which stock has gained the most? It might be useful to use a formula for a percent change = (current price - older price) / older price. 2. What is each company's earnings per share (EPS)? What does it mean? Which company has the most attractive EPS? 3. What is each company's PE ratio? What does it mean? Which company has the most attractive PE ratio? 4. What is each company's dividend yield? What does it mean? Which company has the most attractive dividend yield? 5. In conclusion, which stock would you pick and why? Keep in mind there is no ideal decision. Your choice will also depend on your personal risk acceptance, experience, financial situation, etc. Answers: Student 1 - Aaron: The stocks I chose were AAC Technologies Holdings Inc. ADR, Air Lease Corp., and Black Hills Corp. The price per share for AAC have been going down recently with -2.97% decrease in the last day, -0.49% decrease in the last 3 months, and 3.24% increase last year. ALC is the opposite and has been doing well with 5.05% increase in the last day, 6.60% increase in the last 3 months, and 87.55% increase last year. BHC has been doing well with a 0.82% increase in the last day, 12.15% increase in the last 3 months, and 16.50% increase last year. The stock that has gained the most is ALC. The earning per shares is the amount of profits the company makes divided by the shares that are available. EPS might look good sometimes, but if the company is not doing well recently, then it is probably not the one you want to pick. AAC has an EPS of $0.18, ALC has an EPS of $4.40, and BHC has an EPS of $3.65. The most appealing would be ALC since they have the highest EPS and they are doing well recently still. The PE ratio is the market value per share divided by the earnings per share. It shows if a company is valued highly or there are high expectations for growth in the future. Companies that do not make any money or are not making a profit do not have PE ratios. AAC has a PE ratio of 29.00, ALC has a PE ratio of 10.55, and BHC has a PE ratio of 18.95. ALC has the highest PE ratio but that is not the best because it means that the stock costs more than what it makes. The best and probably safest option is ALC. Dividend yield is how much a company pays the people who own stocks divided by the current stock price. The yield percentage gets higher as the stock lowers in value and lower when the stock gains value. Knowing if a dividend yield is good or not is dependent on the dividends and share price. It is good depending on whether you want high dividends but it is bad if the company cannot continue to pay those dividends. The dividend yield for AAC is 0.21%, for ALC it is 1.39%, and for BHC it's 3.27%. BHC pays the most dividends out of all the others and is probably the best choice. It is also doing really well recently so it can probably continue to pay dividends. I think the stock I would pick is probably ALC. It is the most stable and best in EPS and the better PE ratio out of the 3 here. It is a little pricey for me though it is the one that can make me some money back. AAC is on the decline and BHC is more expensive than ALC and it is a little worse. ALC would be the best option in my case. Sources: https://www.marketwatch.com/investing/stock/aacay (Links to an external site.) https://www.marketwatch.com/investing/stock/al (Links to an external site.) https://www.marketwatch.com/investing/stock/bkh (Links to an external site.) https://www.investopedia.com/terms/e/eps.asp (Links to an external site.) https://www.investopedia.com/terms/p/price-earningsratio.asp (Links to an external site.) https://www.investopedia.com/terms/d/dividendyield.asp#:~:text=The%20dividend%20y ield%2C%20expressed%20as,is%20the%20price%2Fdividend%20ratio Student 2 – Arman: Apple's price per share is currently at 126.55. It has fallen by about $8.54 in the last 3 months and rose by $49.92 in the past year. Tesla price per share is currently at 625.17. It has fallen by $175.78 in the last 3 months and risen $469.71 in the last year. Google's price per share is listed at about 2,285.51. It has risen by $205.27 in the last 3 months and risen by $918.69 in the last year. Apple's EPS is 4.45. Tesla's EPS is 1.00. Google's EPS is 75.04. Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. The PE Ratio of Apple is 28.51. The PE Ratio of Tesla is 630.30. Google's PE Ratio is 30.54. The PE Ratio, is the ratio of a company's share price to the company's earnings per share. The ratio is used for valuing companies and to find out whether they are overvalued or undervalued. Apple's dividend yield is 0.88. Tesla and Google did not list their dividend yield. The dividend yield, expressed as a percentage, is a financial ratio that shows how much a company pays out in dividends each year relative to its stock price In conclusion, Google's EPS is the most attractive and Tesla's PE ratio is most attractive. If I were to pick one stock to invest in it would be Tesla considering it's PE ratio is very high meaning that investors are willing to pay a higher share price today because of growth expectations in the future. https://finance.yahoo.com/quote/GOOGL?p=GOOGL&.tsrc=fin-srch https://finance.yahoo.com/quote/TSLA?p=TSLA&.tsrc=fin-srch https://finance.yahoo.com/quote/AAPL?p=AAPL&.tsrc=fin-srch Student 3 – Danielle: The three stocks that I have chosen for this discussion are Pfizer Inc., Apple Inc, and Moderna, Inc. After a long look at each of these stocks’ summaries, the gains are as follow based on the statistics that has been provided. Pfizer Inc. 215.32B currently, a gain of 10.4B in five months One year gain of 34.1B Moderna Inc. 71.62B currently, a gain of 29.96B in five months One year gain of 60.54B Apple Inc. 2.21T currently, a loss of 2T in five months One year gain of 95T The companies EPS (earnings per share) are 1.71 for Pfizer, -1.96 for Moderna and 4.45 for Apple. For me I think that I would go with the obvious choice which is Apple since they have the highest EPS. Each companies PE ratio (price-earning ratio) are 22.64 for Pfizer, unfortunately Moderna’s is not available and 29.55 for Apple. Apple has the most attractive PE ratio between the three companies. The company’s dividend yields are 1.56 (4.04%) for Pfizer, unfortunately Moderna’s is unavailable, 0.88 (0.67%) for Apple. The company with the most attractive dividend is Pfizer it seems like they have a higher pay out than Apple. If I was into to stocks and I had to choose which company I would invest in, I would go with Pfizer, the reason for this is because there is a little less risk in investing with this company and that the dividends pay out more. Though Apple is a great company, and it will be here for a very long time, their stock price per share is very expensive. With Pfizer the purchase of stock is more affordable as well as that pharmaceutical companies will always be here as we all need medications or vaccines, medical innovations. Maybe eventually I will take a risk again and get into stocks but as of right now, I am happy that I decided to sell my stocks 3 years ago. The price-earnings ratio (P/E ratio) relates a company's share price to its earnings per share. A high P/E ratio could mean that a company's stock is over-valued, or else that investors are expecting high growth rates in the future. ... Two kinds of P/E ratios - forward and trailing P/E - are used in practice. https://www.investopedia.com/terms/p/price-earningsratio.asp The dividend yield, expressed as a percentage, is a financial ratio (dividend/price) that shows how much a company pays out in dividends each year relative to its stock price. The reciprocal of the dividend yield is the price/dividend ratio. https://www.investopedia.com/terms/d/dividendyield.asp (Links to an external site.) Earnings per share (EPS) is a figure describing a public company's profit per outstanding share of stock, calculated on a quarterly or annual basis. EPS is arrived at by taking a company's quarterly or annual net income and dividing by the number of its shares of stock outstanding. https://www.bankrate.com/glossary/e/earnings-per-share/ https://finance.yahoo.com/ Student 4 – Guadalupe: My three stocks are Lam Research, Apple, and Amazon. Currently Lam Research is 592 a share, Apple is 125 a share and Amazon is at 3223 a share. Out of the 3 companies Amazon had biggest share increase in the past year which was gain of 1224 a share. Amazon EPS is at 52.56 Lam Research EPS is at 23.65 and lastly apple EPS is at 4.45. Earnings per share (EPS) is a figure describing a public company's profit per outstanding share of stock, calculated on a quarterly or annual basis. EPS is arrived at by taking a company's quarterly or annual net income and dividing by the number of its shares of stock outstanding. Dividend yield is a stock's annual dividend payments to shareholders expressed as a percentage of the stock's current price. This number tells you what you can expect in future income from a stock, based on the price you could buy it for today, assuming the dividend remains unchanged. Apple dividend & yield is .88, Lam Research is 5.20 and Amazon is at N/A. To me the best stock out of the 3 is Lam Research because I use to be an employee for this company, and I know the Microchip markets are going to keep surging and plus the dividend is at 5.20 which is really good. Respectfully, Lupe Escobar What Is Dividend Yield? | The Motley Fool (Links to an external site.) https://www.fool.com/investing/stock-market/types-of-stocks/dividend-stocks/dividendyield/ (Links to an external site.) https://finance.yahoo.com/quote/ Question 2: Please use your own words to answer the questions below with minimum 300 words (total). Please provide your preference’s links. Share your learning experiences in the class and their applications to your career-related and academic future. Feel free to ask each other (or me) questions, reflect on your learning, the class, its material, and activities in a free format. In your main post, however, address all of the following ideas (in no particular order): • What broad concepts and/or specific ideas you learned in the class surprised (pleasantly or unpleasantly) you/ enlightened you? • How will you use knowledge acquired in the class in your career and/or in your academic future? • What specific tips would you give to future Business Accounting online students to succeed in the class? • Who is the ideal target for this class? • How could the class be improved to better meet your expectations? Financial Accounting (BUS-1A-ON1) SYLLABUS Spring 2021 ~ CRN 30318 Instructor: Jas Bhangal Catalog Description: Explores financial accounting, its importance and how it is used by internal and external users as a decision-making tool. Covers accounting information systems; application of Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) to value assets, liabilities, and equity; preparation, interpretation and analysis of financial statements. Includes topics on cash flow statement, cash and accrual accounting concepts, merchandising operation, internal controls and ethics, reporting and accounting for receivables, payables, long-term assets and liabilities, inventory, depreciation, stockholders’ equity, stocks and bonds. Strongly recommended: Business 7 (passed with a C or higher). 4 hours lecture + 1 hour lab. Course Learning Outcomes: • Journalize and post transactions for corporations. • Adjust, close and prepare corporate financial statements. • Analyze financial statements of corporate form of business. Required Text and Materials: This course requires the use McGraw Hill’s Connect access for course completion. The Connect digital platform includes an eBook, Smartbook (adaptive reader)/Learnsmart (adaptive learning assessment questions), homework assignments, assessments, and variety of other learning resources assigned by your specific instructor. You have following textbook & material options for the course. At Chabot bookstore BUS 1A – Wild, Financial Accounting Fundamentals, 6th edition including Connect code. FINANCIAL ACCOUNTING 2020, ISBN - 9781309094396 - $137.15 All packages at the bookstore include a loose leaf copy of the text and a Connect access code. Purchase directly online thru Canvas Connect Online Access Price: $85 direct to student After the purchase of this access to ebook and code, students have the option to purchase a loose-leaf upgrade that is shipped directly to you. Loose leaf upgrades range from $25-$39 depending on the chosen text for their course. • • • You are not allowed to use earlier editions of the textbook. Complimentary trial for Connect: McGraw-Hill (the textbook publisher) offers a free trial for Connect PLUS for about 14 days. It is the student’s responsibility to purchase the code before the free trial expires. Otherwise, all your work will be lost. Registration/Purchase of online access for Connect: Once in Canvas, go to any Chapter 1 assignment to go thru the registration process. Click on the assignment and you will be guided thru the process. This will only be done once and after that it is a seamless integration between Canvas and Connect. Technical Assistance: Page 1 of 6 Financial Accounting (BUS-1A-ON1) SYLLABUS Spring 2021 ~ CRN 30318 • • If you experience any technical difficulties with Canvas, go to http://www.chabotcollege.edu/online/help/default.asp to request assistance. Your instructor cannot help you with technical problems. For help with Connect, please call McGraw-Hill/Connect Tech Support at 1-800-331-5094. How Often to Log into Canvas: On-line means neither a self-paced, nor a correspondence course. Our online class requires AT LEAST as much time as on-campus courses (and if this is your first fully online class, you probably will have to spend more time than traditional students do). In a regular semester, students are required to log into Canvas at least 4 times a week and spend 12 hours of studying weekly. This is a standard academic practice: each academic unit requires one hour of studying in class and two hours of completing homework. This is a 4-unit course: 4 units x 3 hours = 12 hours per week. The instructor reserves the right to deduct points for attendance if you are not accessing Canvas as required. Video Lectures on YouTube: • Video lectures are prerecorded for all chapters, and placed as links on Canvas in each Module. You can also go to Dmitriy’s YouTube channel, subscribe, and watch the lectures. Assignments and Deadlines: The deadline for all assignments is Sunday at 11:55pm. No late work will be accepted. • Graded Discussions Boards (DBs) →(Located in Canvas) Discussion is emphasized in this class because it is suited to testing ideas, exploring application, sharing experiences, and fully utilizing various learning resources. It also provides you an opportunity to improve on your reading, writing, and other communicating skills. Your participation in Discussion Boards evidences your attendance for the class. The instructor may drop a student from the class if he/she misses 2 cumulative weeks of discussions. For more information on requirements for participating in graded DBs, please see “Guidelines for Discussion Boards”. • Discussion Board for help with Homework assignments →(Located in Canvas) Chapter # Help forum is set up for you to post questions on Homework Assignments from the end of the chapter problems. You can earn extra credit points by answering questions posted by other students. No credit will be given for any postings after the due date listed on the forum. • Interactive Presentations (optional and ungraded) → (Located in Connect thru Canvas) Interactive presentation is an exciting, flash-based interactive presentation for all learning objectives per chapter. Some of you who audio visual learners will like this better than reading the book. While you’re not required to complete these activities, you will enjoy them to learn/review the content. These will be open for the length of the semester, so students can always review any topic desired. • Learning Assignments → (Located in Connect thru Canvas) These assignments are accessed through Canvas but are located in Connect (10 pts per chapter). You have unlimited attempts on these assignments until the due date. Learning Assignment is a self-paced, interactive and adaptive learning system designed to help students measure and monitor students' knowledge levels so content can be personalized to students' needs. Students are required to learn the chapter content and work on this assignment side by side to reinforce their understanding of the subject matter. If you miss the assignment due date, it will no longer be available. Assignments are available in advance but NO EXTENSIONS ARE PROVIDED. • Homework Assignments → (Located in Connect thru Canvas) These assignments are accessed Page 2 of 6 Financial Accounting (BUS-1A-ON1) SYLLABUS Spring 2021 ~ CRN 30318 through Canvas but are located in Connect (30 pts per chapter). Each homework will have extra credit points. Any points earned in excess of 30 will be extra credit. This assignment consists of selected end-of-chapter exercises and problems. An hour after the due date, students can view their answers, as well as correct answers. Refer to “How to Complete Homework in Connect” for detail. • Copy of the Homework Assignments (optional and ungraded) → (Located in Connect thru Canvas) In case you miss a homework assignment or want to do it over, you can work on these. They are an exact copy of the homework and are available till the end of the semester. You will not earn any credit for these assignments. • Quizzes → (Located in Connect thru Canvas) Each quiz consists of 20-23 multiple-choice questions, for the total of 20 pts (and any extra credit you might earn). Quizzes are open-book, not printable, and have a 90minute time limit. You must complete the quiz once it was launched. You cannot save some answers and come back to complete the quiz later. Do not click on the Back button while completing the quiz. If you get locked out of the quiz, contact your instructor immediately. An hour after the due date, students will be able to view their answers, as well as correct answers to the quiz completed. • Accounting Cycle Project → (Located in Connect thru Canvas) Students must possess full understanding of the accounting cycle which is covered in Ch. 1-3. This project requires students to do a serial problem for each of these three chapters to reinforce the understanding of the cycle. Project is worth 100 points. • Midterms → (Located in Connect thru Canvas) Midterms are located under Modules in Canvas. You will find each midterm after the chapter it follows. There is also a midterm review sheet for each midterm that provides you with the list of items covered on each midterm. You can review similar exercises and problems on your homework to prepare for it. You will complete four tests online via Connect. Please refer to the schedule for dates. Each Midterm is timed for three hours, has only one attempt and has to be completed in one sitting. All exams are available for a 2-day period on Sunday and Monday. Refer to the schedule for dates of these exams and plan ahead. There is no make up for missed exam. How to Complete Homework in Connect: • Both Canvas and Connect are linked together. You will easily go between two platforms. After you complete any assignment in Connect, your points will automatically record in Canvas. • Before attempting homework, read the chapter and review any resources (PowerPoint presentations, interactive presentations, videos, etc.) All exercises/problems are selected from the end of the chapter in our textbook. Even though for convenience all assignments for each chapter will be due on Sunday, it is recommended that students complete assignments in this sequence – Learning Assignment, Homework Assignment, Quiz. • For homework, use Check my work and Hint button to find errors and to watch similar problem being worked thru. Use Save & Exit button on the top right to end a session, save your work and return to it a later time within a scheduled due date. • You can check your work, save and exit as many times as you wish but can only submit homework once within a due date. • Use the Submit Assignment button ONLY when you are ready to submit for grading. After you submit assignment, you will have access to your work and the correct answers under the report feature but will not be able to work on it any more. It is almost like handing in your papers to the instructor. • If you are having problems understanding any problems and need help, use an ungraded discussion board (DB) for a particular chapter to get help. Page 3 of 6 Financial Accounting (BUS-1A-ON1) SYLLABUS Spring 2021 ~ CRN 30318 • • • Each homework assignment will be worth 30 points when recorded in the Gradebook. If Connect shows more than 30 points possible, then any points over 30 will count as extra credit. If you miss the assignment due date, it will no longer be available. NO EXTENSIONS ARE PROVIDED. Your work will be automatically submitted “as is” at 11:55pm on the due date. You will be completing and submitting assignments that are graded automatically. You can see your score as soon as you Submit the assignments or after the deadline. All assignments are submitted automatically at deadline if you don’t do so earlier. After everyone completes homework, you will be able to view your score, answers, as well as correct answers and solutions in Connect. Guidelines for Discussion Boards (DB): To earn full credit for each DB assignment (10 points), a student will be expected to: • Fully answer questions posted by the instructor. Answer to the forum questions must include and cite at least two research resources in addition to the textbook. You are expected to research and provide synopsis in your own words. Copying and pasting information from any resource is plagiarism and is unacceptable. • Even though all Discussions are open for the semester but students are not allowed to work ahead on them. You can only participate in the discussion during the week it is scheduled for. You can do the research, put together your answer earlier and then post in Canvas during the scheduled week. Points will be deducted for posting earlier than the scheduled week. • Contribute to a meaningful conversation on line by responding to postings of at least two peers. Your responses should add value to the forum, be more than just comments/compliments about layout or content. If you feel that responding is not meaningful for certain forums, you can choose to research another topic of your choice related to the field and post that instead. • Use plain, error-free, college-level English. • To earn the full credit, you will have to answer the main forum question by Wednesday midnight. Posting earlier during the week of discussion encourages a true discussion in the class. • You are expected to log into Canvas at least at least three times a week. Postings should be spread out during the week instead of all postings made on the same day or right before the deadline. This enables the class to have meaningful discussion and maximum participation. • Before posting your questions, check postings made by others in this problem. You question may already be addressed. See the Grading Rubric for DBs (out of 10 points): Has the student fully answered questions using error-free, college-level English? Has the student replied to a minimum of 2 peers in a meaningful way that encouraged a dialogue, analysis, and critical thinking? Up to 10 pts Up to 10 pts Not replied in a meaningful way to a minimum of two students (per student) - 3 points Posted first message after Wednesday midnight - 4 points All postings are done on the same day - 2 point Page 4 of 6 Financial Accounting (BUS-1A-ON1) SYLLABUS Spring 2021 ~ CRN 30318 • TENTATIVE: Instructor reserves the right to change the grading structure. Extra points are included in some of the homework, tests, and quizzes. Extra point assignments will not be given on individual basis. Other Comments: • Email rules: include your roster name (Last and First) in the Subject Line of email along with your Course Name, Section or CRN #. If I get an email without this info, your email will end up in the trash box as a spam. • The class is open for you to log in Mon-Sun for 24 hours. However, you have to be sometimes patient and allow me 24 hours to reply to your requests (during business hours). If you email on the weekend, you might not get a reply until Monday. • It is really important to study daily. Accounting is cumulative subject. Do not get behind. I encourage you to work in teams or to pair up with somebody to study for the subject. • Students are not allowed to work together on the tests. • Any evidence of cheating will be seriously investigated. In case of plagiarism/cheating 0 points will be assigned and a student will be reported to the VP of Student Services for further action. • Participations and communications are crucial in the online courses. I will monitor your class participation via “instructor tools.” • Tutorial services for the class are available through the Learning Connections Center online. We have a number of great BUS-1A tutors, all of whom recently and successfully completed BUS-1A. Make an appointment with your tutor early, as there is more demand for tutors later in the course. • Courtesy and respect for everyone is expected. In our discussions and e-mails we will follow the general rules of netiquette: o Using first names by participants. o Responding promptly to messages sent to you & Using reinforcement phrases (i.e., "Good idea!" or "Thanks for the suggestions," etc.). o Avoiding hostile or hurt comments. No objectionable, sexist, or racist language will be tolerated. o Promoting cooperation by offering assistance and support to other participants and by sharing ideas. o Confidentiality: No one else should be given access to any of the conferences (either viewing onscreen or in print), without the previous consent of all participants and conferees. o Copyright & Plagiarism: Don't use the words or text of others without proper acknowledgement of the source (if this was in some public source), or – if private (as in a conference) unless you first have the author's permission. • I want this course to be a good experience for you. But I cannot read minds and if you do not tell me what you are thinking there is little way for me to know. If you have criticism of the course, material, or my teaching I hope you will let me know. Page 5 of 6 Financial Accounting (BUS-1A-ON1) SYLLABUS Spring 2021 ~ CRN 30318 Class Schedule: Each week covers one chapter (with a few exceptions where you have two weeks for a chapter). Connect assignments (learning assignments, homework assignments. Quizzes) are due by Sunday at 11:55 pm. • Discussions have two due dates – Wednesday for the answer to the forum question and Sunday for two thoughtful, research-based responses. To make your responses meaningful, you can research and post another accounting related subject of your choice. Title of the discussion for each block is listed in green font on the calendar below. • Students will have to adhere to the dates listed on this class schedule. No extensions will be given – no late work is accepted. • Even though all assignments per chapter are due at the same time, it will be more beneficial to complete them in the following sequence: o Interactive presentation/watch video lectures/read chapter/PP presentation to learn the content o Learning Assignment o Discussion – Answer to the forum question PLUS minimum two responses/additional postings (refer to DB policy for due dates) o Homework Assignment o Quiz • You will access these activities by going to Chapter folders under the Modules button on the class menu in Canvas. Each folder includes links to all materials necessary to complete each chapter. Page 6 of 6
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