Winterbourne is considering a takeover of Monkton Inc. Winterbourne has 27 million shares outstanding, which sell for $74 each. Monkton has 22 million shares outstanding, which sell for $37 each. Merger gains are estimated at $110 million.

If Winterbourne has a price-earnings ratio of 15 and Monkton has a P/E ratio of 10, what should be the P/E ratio of the merged firm? Assume in this case that the merger is financed by an issue of new Winterbourne shares. Monkton will get one Winterbourne share for every two Monkton shares held. Assume that merged firm will have net earnings equivalent to the sum of each individual firm. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Respond to the following in a minimum of 175 words: The most frequently used measures of central tendency for quantitative data are the mean and the median. The following table shows civil service examination scores from 24 applicants to law enforcement jobs: 83 74 85 79 82 67 78 70 18 93 64 27 93 98 82 78 68 82 83 99 96 62 93 58 Using Excel, find the mean, standard deviation, and 5-number summary of this sample. Construct and paste a box plot depicting the 5-number summary. Does the dataset have outliers? If so, which one(s)? Would you prefer to use the mean or the medianas this dataset’s measure of central tendency? Why?

Perpetual Inventory Using FIFO

Beginning inventory, purchases, and sales data for DVD players are as follows:

The business maintains a perpetual inventory system, costing by the first-in, first-out method.

a. Determine the cost of the goods sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 3. Under FIFO, if units are in inventory at two different costs, enter the units with the LOWER unit cost first in the Cost of Goods Sold Unit Cost column and in the Inventory Unit Cost colum

thirty-nine women with a diagnosis of inoperable or metastatic breast cancer have been followed-up for a number of years, while under continuous treatment with a medication called trastuzumab. the time (in months) each patient remained in remission was recorded. Remission is a decrease or disappearance of signs and symptoms of cancer. Below is the data.

50 74 35 39 21 37 27 35 30 35 26 38 34 34 26 41 61 33 33 26 25 41 35 34 44 33 60 61 42 30 80 31 24 49 26 31 28 41 37

Are there any outliers in the sample?

Compute the 45th percentile of the remission time.

Find a 97% confidence interval of the average remission time

Consider the following description of an enterprise.

An auction Web site has items for sale that are provided by sellers. Each item has an opening price, a description, and ending time. Customers submit bids. The highest earliest bid submitted before the ending time is the winning bid and the item is sold to the bidder. Each seller must pay 5% of the winning bid. The auction company wants to be able to analyze the sales behavior of its customers and sellers and so must keep track of all bids and sales.

1. What entity classes are mentioned in the description?
2. List seven attributes that will be used in a data model for the auction company.
3. What relationship types exist between the entity classes of part a?
4. Give three example entities of each class listed in part a.

Medical research has shown that repeated wrist extension beyond 20 degrees increases the risk of wrist and hand injuries. Each of 24 students at a university used a proposed new computer mouse design. While using the mouse, each student's wrist extension was recorded. Data consistent with summary values given in a paper are given. Use these data to test the hypothesis that the mean wrist extension for people using this new mouse design is greater than 20 degrees. (Use α = 0.05. Use a statistical computer package to calculate the P-value. Round your test statistic to two decimal places and your P-value to three decimal places.)

26 28 25 24 26 27 27 25 25 25 27 28

22 27 25 28 26 24 31 27 28 26 26 27

t = ____________

P-value =_____________

Construct the 95% confidence interval for AOret using its the mean
and standard deviation. Construct another 95% confidence interval for AOret
using the mean of AOret and the average AOSD. Explain which one is more
reliable.

The global financial crisis (GFC) around 2008 had a significant
impact on the Australian economy and financial markets. We define the before
GFC period as Apr 2000 to July 2007, the GFC period as Aug 2007 to Dec 2009,
and the after-GFC period as after Jan 2010. Test the following hypotheses at 5%
significance. The Appendix provides the details for testing the difference in
means. a. The average AOret is the same before and after the GFC. b. The average AOSD is greater than the average AUDSD since April 2000

PART I

(a) Discuss in detail, with reference to the principles of IFRS 15 Revenue from Contracts with Customers, whether Lockdown Health Ltd should recognise the following elements of the revenue contract with Sanitize Ltd as separate performance obligations:

• the testing equipment; • the installation of testing equipment; and • the 12-month warranty.

(b) Assume for this section of the question that there are three separate performance obligations, namely the testing software, testing equipment and training services in the revenue contract with Sanitize Ltd.

Criticise the journal entry that was processed with regards to the allocation of the transaction price for revenue recognition to the separate performance obligations listed above, for the year ended 31 August 2020. Support your answer with calculations and amounts.

Communication skills: logical flow and conclusion

(c) Prepare the journal entries to be processed by Lockdown Health Ltd to account for the transaction with StayHome Ltd for the year ended 31 August 2020.

PART II

Prepare the journal entries in the financial statements of Telecon Ltd to account for all the journal entries arising from the contract with the South African National Defence Force for the year ended 31 August 2020.

Please note:

• Round off all amounts to the nearest Rand. • Journal narrations are not required. • Deferred tax journal entries are not required. • Ignore any Value Added Tax (VAT) implications. • Your answer must comply with International Financial Reporting Standards (IFRS).

Wang Company began operations on January 1, 2018, by issuing common stock for $70,000 cash. During 2018, Wang received $88,000 cash from revenue and incurred costs that required $65,000 of cash payments. Prepare a GAAP-based income statement and balance sheet for Wang Company for 2018, for the below scenario:

a. Wang is a promoter of rock concerts. The $65,000 was paid to provide a rock concert that produced the revenue.

b. Wang is in the car rental business. The $65,000 was paid to purchase automobiles. The automobiles were purchased on January 1, 2018, and have five-year useful lives, with no expected salvage value. Wang uses straight-line depreciation. The revenue was generated by leasing the automobiles.

c. Wang is a manufacturing company. The $65,000 was paid to purchase the following items:

(1) Paid $10,000 cash to purchase materials that were used to make products during the year.

(2) Paid $20,000 cash for wages of factory workers who made products during the year.

(3) Paid $5,000 cash for salaries of sales and administrative employees.

(4) Paid $30,000 cash to purchase manufacturing equipment. The equipment was used solely to make products. It had a three-year life and a $6,000 salvage value. The company uses straight-line depreciation.

(5) During 2018, Wang started and completed 2,000 units of product. The revenue was earned when Wang sold 1,500 units of product to its customers.