Questions
The sales prices of homes (in dollars) from a random sample of 10 zip codes in...

The sales prices of homes (in dollars) from a random sample of 10 zip codes in the United States are recorded in the following table.

  1. At the 0.10 level of significance, is there evidence of a difference in the mean selling price for homes between 2001 and 2002?

ii.Determine the p-value in (i) and interpret its meaning.

Town

2001

2002

Alexandria

245795

293266

Boston

391750

408803

Decatur

205270

227561

Kirkland

326524

333569

New York

545363

531098

Philadelphia

185736

197874

Phoenix

170413

175030

Raleigh

210015

196094

San Bruno

385387

391409

Tampa

194205

199858

In: Statistics and Probability

Investment analysts at a leading investment bank reported in October 2002 that the revenues of Reuters...

Investment analysts at a leading investment bank reported in October 2002 that the revenues of Reuters had slumped in the third quarter of its financial year, that recovery was still some way off and that the company would be reporting poor third quarter results in the following week. The company had already launched a restructuring plan, involving a large cut in the workforce to restore profit margins on sales of its information terminals.

(Reported New York Times, November 2002)

Required:

Discuss and explain how do you think the analysts' report might affect the relationship between the company and its investors?


In: Accounting

Jetta production cost in 2002 and 2003 was 14,000 Euro per Jetta. Jetta sold in US...

Jetta production cost in 2002 and 2003 was 14,000 Euro per Jetta. Jetta sold in US at $15,000 in 2002 and 2003. Forward hedge exchange rate was 1 $/Euro in 2003. Rate without hedge (i.e. market exchange rate) was 1.25$/Euro in 2003. If 12,000 Jetta were sold in US, in 2003, by 60% forward hedge and 40% not hedged. What would be profits or loss from sales of 12,000 Jetta in US?  

Loss of 2.4 million Euro.

Profit of 1.8 million Euro.

Loss of 2.8 million Euro

Profit of 1.2 million Euro.

In: Finance

Cary Computers makes bulk purchases of small computers, stocks them in conveniently located warehouses, and ships...

Cary Computers makes bulk purchases of small computers, stocks them in conveniently located warehouses, and ships them to its chain of retail stores. Sales for 2002 were $450 million. They are forecasted to increase to $500 million in 2003. Additional information and relevant financial ratios are given below:

Minimum cash balance required: $1.8 million

Average collection period (accounts receivable/sales/365): 60 days

Inventory turnover (COGS/inventory): 3.18

Net fixed assets: Current level of $216 million. The firm expects to acquire new plant and equipment worth $8 million in 2003.

Accounts payable: 4% annual sales

LT debt: existing LT debt is $110 million out of which the company expects to repay $15 million in 2003

Common stock: expected to remain constant at its 2002 level of $120 million.

COGS: 70% of sales

Depreciation: annual depreciation for 2003 expected to be $15 million

Net profit margin: 6% of projected sales in 2003

Dividends: expected to be 40% of net income.

Retained earnings at end of 2002: 130 million

  1. Based on the information given above, forecast the income statement for year ended December 31, 2003
  2. Based on the information given above, and your estimate of retained earnings  from part (a), forecast the pro forma balance sheet as of December 31, 2003. Assume that any additional funds requirement will be met by notes payable. The firm does not have any note payable at end of 2002.

In: Finance

In 1995, a random sample of 100 adults that had investments in the stock market found...

In 1995, a random sample of 100 adults that had investments in the stock market found that only 20 said they were investing for the long haul rather than to make quick profits. A simple random sample of 100 adults that had investments in the stock market in 2002 found that 36 were investing for the long haul rather than to make quick profits. Let p1995 and p2002 be the actual proportion of all adults with investments in the stock market in 1995 and in 2002, respectively, that were investing for the long haul.

a. What are the 1995 and 2002 estimated proportions of all adults with long haul investments in the stock market?

b. State the null and alternative hypotheses if the researcher is interested to see if nothing changed when it comes to the proportions of adults investing for the long haul between 1995 and 2002. 6

c. Conduct the hypothesis test from point b. at α=0.05 and formulate the conclusion using the observed vs critical value method.

d. State the null and alternative hypotheses for the case in which the researcher wants to test if the proportion of adults investing for the long haul increase over time. e. Conduct the hypothesis test from point d. at α=0.05 using the p-value method.

f. Construct the 95% confidence interval for the difference in proportions associated with the hypothesis test from b.

g. What is the margin of error for a 97% confidence interval for the difference in proportions associated with the hypothesis test from b? How does.it compare with the margin of error from point f. Explain the differences.

In: Statistics and Probability

How would you explain the high prices in the current UK Housing market? If you were...

How would you explain the high prices in the current UK Housing market? If you were in the real estate/property management business, how would you protect your bottom line?

In: Economics

What is the estimated total cost of the crisis in each of these three countries?USA, UK,...

What is the estimated total cost of the crisis in each of these three countries?USA, UK, and Germany State clearly the source of the estimates. What factors explain most of the total cost of the crisis in each of the countries??

In: Economics

if you opine a branch for oman air company in UK . What do you think...

if you opine a branch for oman air company in UK . What do you think the challenges that you will face in the foreign
country provide to challenges with brief explanation. And how you will
come over it.

In: Economics

The post-crisis proposals included in the Vickers Report became law in 2013 (the “Banking Reform Act”)...

The post-crisis proposals included in the Vickers Report became law in 2013 (the “Banking Reform Act”) and will come into force in 2019. Discuss how the UK ring-fencing rules will affect universal banks.

In: Finance

The city of Lawrence recently was hit by a tornado, leaving many families in need of food, clothing, shelter

The city of Lawrence recently was hit by a tornado, leaving many families in need of food, clothing, shelter, and other necessities. Betty contributed $500 to a family whose home was completely destroyed by the tornado. Jack contributed $700 to the family’s church, which gave the money to the family. Discuss the deductibility of these contributions.

 

 

In: Accounting