1 / 42

FIN 515 MART Seek Your Dream/fin515mart.com

FOR MORE CLASSES VISIT<br>www.fin515mart.com<br>FIN 515 Week 2 Project Financial Statement Analysis (Nike) FIN 515 Week 3 Project Financial Statement Analysis (Nike) FIN 515 Week 6 Project Calculating the Weighted Average Cost of Capital (Nike) FIN 515 Week 7 Project Capital Budgeting Analysis (Nike)<br>

jamesjohn34112
Download Presentation

FIN 515 MART Seek Your Dream/fin515mart.com

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. FIN 515 MART Seek Your Dream/fin515mart.com FOR MORE CLASSES VISIT www.fin515mart.com

  2. FIN 515 Complete Project Financial Statement Analysis (Nike) FOR MORE CLASSES VISIT www.fin515mart.com FIN 515 Week 2 Project Financial Statement Analysis (Nike) FIN 515 Week 3 Project Financial Statement Analysis (Nike) FIN 515 Week 6 Project Calculating the Weighted Average Cost of Capital (Nike) FIN 515 Week 7 Project Capital Budgeting Analysis (Nike)

  3. FIN 515 Course Project 1 and 2 FOR MORE CLASSES VISIT www.fin515mart.com This Tutorial contains Week 3 Course Project (3 Sets) Week 6 Course Project (2 Sets)

  4. FIN 515 Entire Course FOR MORE CLASSES VISIT www.fin515mart.com This tutorial doesnt contain Final Exam Guide FIN 515 Week 1 DQ 1 Accounting Versus Finance FIN 515 Week 1 DQ 2 Financial Analysis FIN 515 Week 1 Quiz FIN 515 Week 1 Quiz (New) FIN 515 Week 1 Problem Set FIN 515 Week 2 DQ 1 TVM Pass-a-Problem FIN 515 Week 2 DQ 2 Assumptions of the TVM Model FIN 515 Week 2 Quiz FIN 515 Week 2 Problem Set FIN 515 Week 3 DQ 1 Examples of Capital Expenditure From Your Industry FIN 515 Week 3 DQ 2 Capital Budgeting Terms and Considerations FIN 515 Week 3 Course Project 1 (3 Papers) FIN 515 Week 3 Quiz FIN 515 Week 3 Problem Set FIN 515 Week 4 DQ 1 Market Value of a Stock Versus DDM Value FIN 515 Week 4 DQ 2 Differences in YTM of Real Life Bonds FIN 515 Week 4 Midterm FIN 515 Week 4 Problem Set FIN 515 Week 5 DQ 1 Calculating WACC for a Real Firm FIN 515

  5. FIN 515 Final Exam (all 3 Sets) FOR MORE CLASSES VISIT www.fin515mart.com FIN 515 Final Exam Set 1 FIN 515 Final Exam Set 2 FIN 515 Final Exam Set 3

  6. FIN 515 Final Exam Set 1 FOR MORE CLASSES VISIT www.fin515mart.com 1. (TCO A) In the United States, which of the following types of organization has the greatest revenue in total? (Points : 5)a. Sole proprietorshipb. C corporationc. S corporationd. Limited partnership 1.1) Which of the following is not a step in the WACC valuation method?A) Compute the value of the investment, including the tax benefit of leverage, by discounting the free cash flow of the investment using the WACC.B) Compute the weighted average cost of capital.C) Determine the free cash flow of the investment.D) Adjust the WACC for the firm's current debt/equity ratio. 1. (TCO H) Zervos Inc. had the following data for 2008

  7. FIN 515 Final Exam Set 2 FOR MORE CLASSES VISIT www.fin515mart.com Question 1.1. (TCO A) Double taxation is a drawback for which of the following types of business organization except?  Question 2.2. (TCO A) Sole proprietorships have all of the following advantages except  Question 3.3. (TCO B) Which of the following would cause the present value of an annuity to decrease?  Question 4.4. (TCO B) In a TVM calculation, if incoming cash flows are positive, outgoing cash flows must be  Question 5.5. (TCO G) If net income, total assets, and book value of equity stayed the same, what would be the effect on the DuPont Identity of an increase in sales?  Question 6.6. (TCO D) A stock has just

  8. FIN 515 Final Exam Set 3 FOR MORE CLASSES VISIT www.fin515mart.com 1. (TCO A) In the United States, which of the following types of organization has the greatest revenue in total? (Points : 5) Sole proprietorship C corporation S corporation Limited partnership Question 2.2. (TCO A) A sole proprietorship is owned by (Points : 5) one person. one or two people, but if there are two owners, they must be married to each other. up to 100 owners. up to 64 owners. Question 3.3. (TCO B) Which of the following would cause the present value of an annuity to decrease? (Points : 5) Reducing the number of payments. Increasing the number of payments. Decreasing the interest rate. Decreasing the liquidity of the payments. Question 4.4. (TCO B) In a TVM calculation, if incoming cash flows are positive, outgoing cash flows must be (Points : 5) positive. negative. either positive or negative. It really doesn’t matter. stated

  9. FIN 515 Midterm Exam All 3 Sets FOR MORE CLASSES VISIT www.fin515mart.com Question included in these Midterms could be found on this link FIN 515 Midterm Exam Set 1 (New) Link:http://www.fin515mart.com/product-73-FIN-515-Midterm-Exam-Set-1-(New) FIN 515 Midterm Exam Set 2 (New) Link:http://www.fin515mart.com/product-72-FIN-515-Midterm-Exam-Set-2-(New) FIN 515 Week 4 Midterm Link:http://www.fin515mart.com/product-48-FIN-515-Week-4-Midterm

  10. FIN 515 Midterm Exam Set 1 (New) FOR MORE CLASSES VISIT www.fin515mart.com Question 1. Question : (TCO G) If Company A and Company B are in the same industry and use the same production method, and Company A’s asset turnover is higher than that of Company B, then all else equal we can conclude Question 2. Question : (TCO G) Suppose Novak Company experienced a reduction in its ROE over the last year. This fall could be attributed to Question 3. Question : (TCO B) A certain investment will pay $10,000 in 20 years. If the annual return on comparable investments is 8%, what is this investment currently worth? Show your work. Question 4. Question : (TCO B) You take out a 4 year car loan fo

  11. FIN 515 Midterm Exam Set 2 (New) FOR MORE CLASSES VISIT www.fin515mart.com Question 1. 1. (TCO G) If Company A and Company B are in the same industry and use the same production method, and Company A’s asset turnover is higher than that of Company B, then all else equal we can conclude (Points : 10) Question 2. 2. (TCO G) If Moon Corporation has an increase in sales, which of the following would result in no change in its EBIT margin? (Points : 10) Question 3. 3. (TCO B) If today you put $10,000 into an account paying 10% annually, how much will there be in the account after 5 years? Show your work. (Points : 20) Question 4. 4. (TCO B) You take out a 5 year car loan for $20,000. The loan has a 5% annual interest rate. The payments are made monthly. What are the monthly payments? Show your work. (Points : 20) Question 5. 5. (TCO B) You currently have $10,000 in your retirement account. If you

  12. FIN 515 Week 1 DQ 1 Accounting Versus Finance FOR MORE CLASSES VISIT www.fin515mart.com Accounting Versus Finance (graded) Much of the analysis done by financial managers is based on numbers that are different from what would seem to the corresponding numbers presented in the financial statements. This difference is not due to any kind of cooking the books or other attempts to mislead anyone. One example is the use of market value rather than historical cost in the valuation of assets. What are some other examples of the differences between financial management and financial accounting?

  13. FIN 515 Week 1 DQ 2 Financial Analysis FOR MORE CLASSES VISIT www.fin515mart.com Financial Analysis (graded) In this discussion, we will be working with the variety of financial analysis tools available to us. Let's start with the DuPont Identity introduced in Chapter 2 of the text. For your initial post, locate the financial statements for two firms in one industry. Calculate all four terms of the DuPont Identity and present the results but do not analyze the results. For an additional post, analyze the results that another student has posted. If you were the appropriate financial manager of one of the firms that you analyzed, what would be your observations and recommendations?

  14. FIN 515 Week 1 Problem Set FOR MORE CLASSES VISIT www.fin515mart.com Chapter 1 The Corporation 1-1. What is the most important difference between a corporation and all other organizational forms? 1-2. What does the phrase limited liability mean in a corporate context? 1-3. Which organizational forms give their owners limited liability? 1-4. What are the main advantages and disadvantages of organizing a firm as a corporation? 1-5. Explain the difference between an S corporation and a C corporation. 1-6. You are a shareholder in a C corporation. The corporation earns $2 per share before taxes. Once it has paid taxes it will distribute the rest of its earnings to you as a dividend. The

  15. FIN 515 Week 1 Quiz(NEW) FOR MORE CLASSES VISIT www.fin515mart.com Question 1. (TCO G) The lecture says that some ratios typically are better when they are higher and some of the ratios are better when they are lower. Pick a ratio for which a lower number typically would be preferred and describe a situation, in which a higher number for that ratio would be preferred, OR pick a ratio for which a higher number typically would be preferred and describe a situation in which a lower number for that ratio would be preferred. Question 2. (TCO G) As of December 31, 20XX, David Corp's accounts payable were $4,000,000. Its accounts receivable were $2,200,000, and its sales for 20XX were $32,000,000. What was its days sales outstanding? Question 3. (TCO G) As of December 31, 2015, Michael Corp's current assets were $2,000,000. Its current liabilities were $2,000,000. Its sales for 2015 were

  16. FIN 515 Week 1 Quiz FOR MORE CLASSES VISIT www.fin515mart.com Question 1 (TCO G) Which do you think provides a more valid measure of how a company is doing, comparison of current results with historical results or comparison of current results with the current results of another company? Question 2 (TCO G) Barnes Corp’s total assets at the end of last year were $415,000,000 and its net income after taxes was $17,750,000. What was its return on total assets? Question 3 (TCO G) Between December 31, 2016 and December 31, 2017, ROE at Bobcat Industries decreased even though sales increased. Using the DuPont Identity, explain what else could have happened to cause this.

  17. FIN 515 Week 1-7 DQs FOR MORE CLASSES VISIT www.fin515mart.com FIN 515 Week 1 DQ 1 Accounting Versus Finance FIN 515 Week 1 DQ 2 Financial Analysis FIN 515 Week 2 DQ 1 TVM Pass-a-Problem FIN 515 Week 2 DQ 2 Assumptions of the TVM Model FIN 515 Week 3 DQ 1 Examples of Capital Expenditure From Your Industry FIN 515 Week 3 DQ 2 Capital Budgeting Terms and Considerations FIN 515 Week 4 DQ 1 Market Value of a Stock Versus DDM Value FIN 515 Week 4 DQ 2 Differences in YTM of Real Life Bonds FIN 515 Week 5 DQ 1 Calculating WACC for a Real Firm FIN 515 Week 5 DQ 2 Finding Stock Values for Real Stocks Using Beta and the SML FIN 515 Week 6 DQ 1 Examples of Real Agency Problems and How They Could Have Been Prevented FIN 515 Week 6 DQ 2 The Role of Financial Managers in Ethical Corporate Governance FIN 515 Week 7 DQ 1 Industry Approaches

  18. FIN 515 Week 2 DQ 1 TVM Pass-a-Problem FOR MORE CLASSES VISIT www.fin515mart.com TVM Pass-a-Problem (graded) • This week, the lecture provided some examples of TVM problem scenarios. For your first post, provide a story problem that can be solved using one or more of the TVM calculations. • Your second post can be a description of how the problem posed by another student can be solved. Your professor may provide an example.

  19. FIN 515 Week 2 DQ 2 Assumptions of the TVM Model FOR MORE CLASSES VISIT www.fin515mart.com Assumptions of the TVM Model (graded) What are some of the assumptions behind the TVM calculations? How do these assumptions limit our application of these calculations?

  20. FIN 515 Week 2 Problem Set FOR MORE CLASSES VISIT www.fin515mart.com 3.Calculate the future value of $2000 in a. five years at an interest rate of 5% per year; b. ten years at an interest rate of 5% per year; and c. five years at an interest rate of 10% per year. d. Why is the amount of interest earned in part (a) less than half the amount of interest earned in part (b)? 4.What is the present value of $10,000 received a. twelve years from today when the interest rate is 4% per year; b. twenty years from today when the interest rate is 8% per year; and c. six years from today when the interest rate is 2% per year? 5.Your brother has offered to give you either $5,000 today or $10,000 in 10 years. If the interest rate is 7% per year, which option is preferable? 6.Consider the following alternatives. i. $100 received in 1 year ii. $200 received in 5 years iii. $300 received in 10 years a. Rank the alternatives from most

  21. FIN 515 Week 2 Project Financial Statement Analysis (Nike) FOR MORE CLASSES VISIT www.fin515mart.com As the new financial manager of your company, the CEO has asked your team to provide a brief analysis of the company’s performance to present at the upcoming board of directors meeting. The CEO has asked that you assess the company’s performance against your company’s industry. Thus, to do this, you will need to use ratio analysis or other techniques to determine areas in which the company is doing well, as well as areas that management should look at. Here are the steps for the project: 1. Select your teammate. Each team should be made up of two members. 2. Determine which company you will analyze for the

  22. FIN 515 Week 2 Quiz FOR MORE CLASSES VISIT www.fin515mart.com FIN 515 Week 2 Quiz   Question 1 (TCO B) You are a trust fund baby. Your trust fund is currently worth $1,234,000. The problem is the terms of the trust don’t allow you to receive any of the money until you are 27. You are now 21. The fund is earning 7.7% per year. How much will the fund be worth when you are 27 and too old to enjoy it?Ignore taxes. Show your work. If you use Excel, show the formula with the parameters, and the answer. If you use a formula, provide the standard formula, the formula with terms substituted, and the answer. If you use a calculator, show the inputs and the answer. Question 2 (TCO B)

  23. FIN 515 Week 3 Course Project 1 (3 Papers) FOR MORE CLASSES VISIT www.fin515mart.com This Tutorial contains 3 Different Course Projects First Course ProjectThe purpose of this project is to help you develop skills not only in performing the calculations behind financial analysis but interpreting the numbers as well.You are to pick a company. You should pick one either from the industry in which you are currently working or an industry in which you are interested. You could also pick a division of a company. It is imperative to use that sufficient data about your company and that it is available. One way to do this is to pick a publicly held company. If you pick a privately held company or a division of a company, make sure that the data necessary to do a significant financial analysis is available.If you use data that is not publicly available, be sure to talk to your manager and to make absolutely sure that

  24. FIN 515 Week 3 DQ 1 Examples of Capital Expenditure From Your Industry FOR MORE CLASSES VISIT www.fin515mart.com FIN 515 Week 3 DQ 1 Examples of Capital Expenditure From Your Industry (graded) Describe a potential capital expenditure project from the industry in which you now work or an industry in which you are interested. What is the project? Describe and provide an approximate value of the initial cash flow. Describe and provide an approximate value of the annual cash flows. Provide an estimation of the life of the project, as well as the exit costs.

  25. FIN 515 Week 3 DQ 2 Capital Budgeting Terms and Considerations FOR MORE CLASSES VISIT www.fin515mart.com Capital Budgeting Terms and Considerations Our textbook and lecture discuss some considerations that should be taken into account when doing capital budgeting. How will these considerations affect the project you described in the other topic? Incremental earnings, interest expenses, taxes, opportunity costs, externalities, sunk costs, cannibalization or erosion, depreciation, and salvage value; as well as others.

  26. FIN 515 Week 3 Problem Set FOR MORE CLASSES VISIT www.fin515mart.com Week 3 Problem Set 1. Your brother wants to borrow $10,000 from you. He has offered to pay you back $12,000 in a year. If the cost of capital of this investment opportunity is 10%, what is its NPV? Should you undertake the investment opportunity? Calculate the IRR and use it to determine the maximum deviation allowable in the cost of capital estimate to leave the decision unchanged. 8. You are considering an investment in a clothes distributor. The company needs $100,000 today and expects to repay you $120,000 in a year from now. What is the IRR of this investment opportunity? Given the riskiness of the investment opportunity, your cost of capital is 20%. What does the IRR rule say about whether you should invest? 19. You are a real estate agent thinking of placing a sign advertising your services at a local bus

  27. FIN 515 Week 3 Project Financial Statement Analysis (Nike) FOR MORE CLASSES VISIT www.fin515mart.com Continuing with your Week 2 Project, now your CEO after reviewing your earlier Week 2 PowerPoint submission has asked your team to complete an additional benchmark analysis task, before the upcoming Board Meeting. For this part of the project your team needs to do an analysis of the market and operational characteristics of your company and its financial profile. For this project, your team will need to select four companies that are direct competitors of your company. This sample selection should be based on revenue, profitability, market capitalization, market segment and product characteristics. This project is an additional benchmark data analytics project. The objective of this part of the project will be to do a comparative financial analysis of your company with the averages of the sample of four

  28. FIN 515 Week 3 Quiz FOR MORE CLASSES VISIT www.fin515mart.com Company A has a beta of 2.77. Company B has a beta of .73. Company C has a beta of .90. The risk free rate is 6% and the market risk premium is 4%. What is the expected return of investing in Company B? stock portfolio consists of only two stocks. You have $15,000 in Company A and $25,000 in Company B. Company A has an actual return of -8% and Company B has a return of 12%. What is the return on your portfolio? A company has a capital structure of 40% debt and 60% equity. The YTM on the company’s bonds is 9%, and the company’s effective tax rate is 40%. The CFO has estimated the company’s WACC to be 9.96%. What is the company’s cost of equity?

  29. FIN 515 Week 4 DQ 1 Market Value of a Stock Versus DDM Value FOR MORE CLASSES VISIT www.fin515mart.com Market Value of a Stock Versus DDM Value (graded) Select a stock in which you are interested. Calculate its per share value using the DDM or another method discussed in Chapter 9. Then find the current market value of a share of the stock. Compare that two. Can you explain the similarity or difference?

  30. FIN 515 Week 4 DQ 2 Differences in YTM of Real Life Bonds FOR MORE CLASSES VISIT www.fin515mart.com Differences in YTM of Real Life Bonds (graded) Do some research, probably on the Web, and find some bonds with differing yields to maturity (YTM). How do you explain the difference? Both the lecture and the textbook discuss some factors that may lead to this difference.

  31. FIN 515 Week 4 Midterm FOR MORE CLASSES VISIT www.fin515mart.com Question 1. Question : (TCO G) The firm's asset turnover measures Question 2. Question : (TCO G) If Moon Corporation has an increase in sales, which of the following would result in no change in its EBIT margin? Question 3. Question : (TCO B) You plan on retiring in 20 years. You currently have $275,000 and think you will need $1,000,000 to retire. Assuming you don’t deposit any additional money into the account, what annual return will you need to earn to meet this goal? Question 4. Question : (TCO B) You take out a 4 year car loan for $18,000. The loan has a 4% annual interest rate. The payments are made monthly.

  32. FIN 515 Week 4 Problem Set FOR MORE CLASSES VISIT www.fin515mart.com Bonds-1. Interest on a certain issue of bonds is paid annually with a coupon rate of 8%. The bonds have a par value of $1,000. The yield to maturity is 9%. What is the current market piece of these bonds? The bonds will mature in 5 years. Bonds-2. A certain bond has 12 years left to maturity. Interest is paid annually at a coupon rate of 10%. The bonds are currently selling for $850. What is their YTM? Bonds-3. A certain bond pays a semiannual coupon rate at a 10% annual rate. The bond has a par value of $1,000. There are eight years to maturity. The yield to maturity is 9%. What is the current price of the bond?

  33. FIN 515 Week 5 DQ 1 Calculating WACC for a Real Firm FOR MORE CLASSES VISIT www.fin515mart.com Calculating WACC for a Real Firm (graded) The Weighted Average Cost of Capital (WACC) for a firm can be calculated or found through research. Select two firms in the same industry. The industry may be that in which you currently work or it may be an industry in which you are interested. Calculate or find the WACC for the two firms. How do the WACCs compare? Are the WACCs what you would expect? What causes the differences between the two firms' WACCs?

  34. FIN 515 Week 5 DQ 2 Finding Stock Values for Real Stocks Using Beta and the SML FOR MORE CLASSES VISIT www.fin515mart.com Finding Stock Values for Real Stocks Using Beta and the SML (graded) Our second discussion topic concerns the calculation of stock values using the Capital Asset Pricing Model (CAPM). We will start with a discussion of risk and work towards practical application of the model. The textbook provides a list of betas for a selection of stocks. Choose a few firms from that list and discuss whether the betas are what you would expect. Be sure to explain why or why not.

  35. FIN 515 Week 5 problem Set FOR MORE CLASSES VISIT www.fin515mart.com Chapter 10 (pages 345–348): 4. You bought a stock one year ago for $50 per share and sold it today for $55 per share. It paid a $1 per share dividend today. What was your realized return? How much of the return came from dividend yield and how much came from capital gain? 20. Consider two local banks. Bank A has 100 loans outstanding, each for $1 million, that it expects will be repaid today. Each loan has a 5% probability of default, in which case the bank is not repaid anything. The chance of default is independent across all the loans. Bank B has only one loan of $100 million outstanding, which it also expects

  36. FIN 515 Week 5 Quiz FOR MORE CLASSES VISIT www.fin515mart.com Question 1 (TCO C) Company A has a beta of 2.77. Company B has a beta of .73. Company C has a beta of .90. The risk free rate is 6% and the market risk premium is 4%. What is the expected return of investing in Company B? Show your work. Question 2. (TCO C) Your stock portfolio consists of only two stocks. You have $30,000 in Company A and $35,000 in Company B. Company A has an actual return of -8% and Company B has a return of 12%. What is the return on your portfolio? Show your work. Question 3. (TCO E) A company has a capital structure of 40% debt and 60% equity. The YTM on the company’s bonds is 9%, and the company’s effective tax rate is 40%. The CFO has estimated the company’s WACC to be 9.96%. What is the company’s cost of equity? Show your work.

  37. FIN 515 Week 6 Course Project 2 (2 Different Projects) FOR MORE CLASSES VISIT www.fin515mart.com This Tutorial contains 2 Different Course Projects Second Project The purpose of this project is for you to have some practice working with financial concepts in the real world. This will involve integrating some material from throughout the course. The project will also involve the development of your own approach to doing the work. The project does not provide a step-by-step procedure for you to follow. Your task is to determine the WACC for a given firm using what you know about WACC as well as data you can find through research. Your deliverable is to be a brief report in which you state your determination of WACC,

  38. FIN 515 Week 6 DQ 1 Examples of Real Agency Problems and How They Could Have Been Prevented FOR MORE CLASSES VISIT www.fin515mart.com Examples of Real Agency Problems and How They Could Have Been Prevented (graded) Do some research and find some historical or current real life examples of agency problems. Will the measures discussed in the text help to prevent problems like your examples in the future? What else would you advise? You may provide examples of agency problems from your own experience. If you do that, be careful to provide enough anonymity that you won't get in trouble.

  39. FIN 515 Week 6 DQ 2 The Role of Financial Managers in Ethical Corporate Governance FOR MORE CLASSES VISIT www.fin515mart.com The Role of Financial Managers in Ethical Corporate Governance (graded) Does the financial manager have a greater responsibility or a lesser responsibility for maintaining ethical corporate governance? Why or why not? What is or will be your approach to ethical corporate governance now or in the future?

  40. FIN 515 Week 6 Project Calculating the Weighted Average Cost of Capital (Nike) FOR MORE CLASSES VISIT www.fin515mart.com Once again, your team is the key financial management team for your company. The company’s CEO is now looking to expand its operations by investing in new property, plant, and equipment. In order to effectively evaluate the project’s effectiveness, you have been asked to determine the firm’s weighted average cost of capital. To determine the cost of capital, here is what you have been asked to do. 1. Go to Yahoo Finance (http://finance.yahoo.com) and capture the income statement information for the company you selected. (Be sure that your company has debt on their balance sheet. This will be required in your

  41. FIN 515 Week 7 Project Capital Budgeting Analysis (Nike) FOR MORE CLASSES VISIT www.fin515mart.com Once again, your team is the key financial management team for your company. The company’s CEO is now looking to expand its operations by investing in new property, plant, and equipment. Your team recently calculated the WACC for your company, which will now be useful in evaluating the project’s effectiveness. You are now asked to do some capital budgeting analysis that will determine whether the company should invest in these new plant assets. The parameters for this project are: Your team will be using the same company for this project that you used in the Week 6 project. The company is now looking

  42. FIN 515 MART Seek Your Dream/fin515mart.com FOR MORE CLASSES VISIT www.fin515mart.com

More Related