a) If the probabilities that Joan, Beverly and Evelyn will be elected secretary of a ski club are 1/8, 2/5, and 1/3 respectively, find the probability that one of the three will be elected.
b) Chris and Janet are among twenty girls who enter a tennis tournament. What is the probability that either one of these two girls will win the tournament?
c) If the probabilities that Mary and Sue will receive awards in a contest are 3/5 and 1/3 respectively, what is the probability that one or the other will receive an award?
d) A bag contains six white balls, four green balls, and three brown balls. If three balls are drawn, one at a time, and the ball is replaced after each drawing, what is the probability that the balls drawn will be green, white and brown?
In: Statistics and Probability
CarrieMovies = {"Titanic":3.5, "Mean Girls":4.9, "Finding Nemo":4.7, "Wonder Woman": 4.3}
LeslieMovies = {"Clueless": 3.2, "Spy Kids":4.1, "Black Panther":5.0}
def topMovie():
return
CarriesFav = topMovie(CarrieMovies)
LesliesFav = topMovie(LeslieMovies)
print("Carrie's Fav Movie: ",CarriesFav)
print("Leslie's Fav Movie: ",LesliesFav)
_Complete the function topMovie(). This program is not complete.
The purpose of the function is to determine the title of the highest rated movie in a dictionary. The starter file defines two dictionaries of favorite films and their associated ratings. The function should be dynamic and able to return the title of the highest rated movie for any dictionary passed to it!
output is:
Carrie's Fav Movie: Mean Girls
Leslie's Fav Movie: Black Panther
In: Computer Science
EXCEL CAN BE USED
You still work at that Starbucks. Due to COVID-19, the business is slow. As the manager, you had to ask two employees of yours to stay home and wait for more shifts to open. Meanwhile, you are bored. So you look into historical data from the store and dig out the following:
Customers spent an average of $4.18 on iced coffee with a standard deviation of $0.84.
43% of iced-coffee customers were women.
21% were teenage girls.
In order to increase sales, Starbucks start to offer a half-priced Frappuccino beverage between 3 pm and 5 pm for a limited time. One month after the marketing period ends, you survey 50 of your iced-coffee customers and find that:
They spent an average of $4.26 on the drink.
46% were women.
34% were teenage girls.
Since these numbers are different from what the store historical data has told, you wonder whether the store data are outdated.
What's the probability that customers spend an average of $4.26 or more on iced coffee? Round your answer to four decimal places. Based on this probability, are you convinced that the store data on the average spend on the drink are outdated? Hint: If the probability is < 0.05, the store data are outdated.
What's the probability that 46% or more of iced-coffee customers are women? Round your answer to four decimal places. Based on this probability, are you convinced that the store data on women are outdated? Hint: If the probability is < 0.05, the store data are outdated.
What's the probability that 34% or more of iced-coffee customers are teenage girls? Round your answer to eight decimal places. Based on this probability, are you convinced that the store data on teenage girls are outdated? Hint: If the probability is < 0.05, the store data are outdated.
In: Statistics and Probability
On June 1, 2018, Metlock Company and Bonita Company merged to
form Windsor Inc. A total of 876,000 shares were issued to complete
the merger. The new corporation reports on a calendar-year
basis.
On April 1, 2020, the company issued an additional 637,000 shares
of stock for cash. All 1,513,000 shares were outstanding on
December 31, 2020.
Windsor Inc. also issued $600,000 of 20-year, 8% convertible bonds
at par on July 1, 2020. Each $1,000 bond converts to 44 shares of
common at any interest date. None of the bonds have been converted
to date.
Windsor Inc. is preparing its annual report for the fiscal year
ending December 31, 2020. The annual report will show earnings per
share figures based upon a reported after-tax net income of
$1,491,000. (The tax rate is 20%.)
Determine the following for 2020.
(a) The number of shares to be used for
calculating: (Round answers to 0 decimal places, e.g.
$2,500.)
| (1) |
Basic earnings per share |
|||||
|---|---|---|---|---|---|---|
| (2) |
Diluted earnings per share |
(b) The earnings figures to be used for
calculating: (Round answers to 0 decimal places, e.g.
$2,500.)
| (1) |
Basic earnings per share |
|||
|---|---|---|---|---|
| (2) |
Diluted earnings per share |
In: Accounting
On June 1, 2018, Riverbed Company and Marin Company merged to
form Headland Inc. A total of 802,000 shares were issued to
complete the merger. The new corporation reports on a calendar-year
basis.
On April 1, 2020, the company issued an additional 625,000 shares
of stock for cash. All 1,427,000 shares were outstanding on
December 31, 2020.
Headland Inc. also issued $600,000 of 20-year, 8% convertible bonds
at par on July 1, 2020. Each $1,000 bond converts to 38 shares of
common at any interest date. None of the bonds have been converted
to date.
Headland Inc. is preparing its annual report for the fiscal year
ending December 31, 2020. The annual report will show earnings per
share figures based upon a reported after-tax net income of
$1,507,000. (The tax rate is 20%.)
Determine the following for 2020.
(a) The number of shares to be used for
calculating: (Round answers to 0 decimal places, e.g.
$2,500.)
| (1) |
Basic earnings per share |
enter a number of shares rounded to 0 decimal places |
shares | |||
|---|---|---|---|---|---|---|
| (2) |
Diluted earnings per share |
enter a number of shares rounded to 0 decimal places |
shares |
(b) The earnings figures to be used for
calculating: (Round answers to 0 decimal places, e.g.
$2,500.)
| (1) |
Basic earnings per share |
$enter a dollar amount rounded to 0 decimal places |
||
|---|---|---|---|---|
| (2) |
Diluted earnings per share |
$enter a dollar amount rounded to 0 decimal places |
In: Accounting
On June 1, 2015, Metlock Company and Bonita Company merged to form Windsor Inc. A total of 830,000 shares were issued to complete the merger. The new corporation reports on a calendar-year basis. On April 1, 2017, the company issued an additional 643,000 shares of stock for cash. All 1,473,000 shares were outstanding on December 31, 2017. Windsor Inc. also issued $600,000 of 20-year, 8% convertible bonds at par on July 1, 2017. Each $1,000 bond converts to 42 shares of common at any interest date. None of the bonds have been converted to date. Windsor Inc. is preparing its annual report for the fiscal year ending December 31, 2017. The annual report will show earnings per share figures based upon a reported after-tax net income of $1,555,000. (The tax rate is 40%.)
Determine the following for 2017.
a. The number of shares to be used for calculating:
1. Basic earnings for share
2. Diluted earnings per share
b.The earnings figures to be used for calculating:
1. Basic earnings for share
2. Diluted earnings per share
In: Accounting
On June 1, 2015, Metlock Company and Bonita Company merged to form Windsor Inc. A total of 830,000 shares were issued to complete the merger. The new corporation reports on a calendar-year basis. On April 1, 2017, the company issued an additional 643,000 shares of stock for cash. All 1,473,000 shares were outstanding on December 31, 2017. Windsor Inc. also issued $600,000 of 20-year, 8% convertible bonds at par on July 1, 2017. Each $1,000 bond converts to 42 shares of common at any interest date. None of the bonds have been converted to date. Windsor Inc. is preparing its annual report for the fiscal year ending December 31, 2017. The annual report will show earnings per share figures based upon a reported after-tax net income of $1,555,000. (The tax rate is 40%.)
Determine the following for 2017.
a. The number of shares to be used for calculating:
1. Basic earnings for share
2. Diluted earnings per share
b.The earnings figures to be used for calculating:
1. Basic earnings for share
2. Diluted earnings per share
In: Accounting
The following projections relate to two recently merged
firms:
Revenue = $7,280,000
Cost of Goods Sold (without operating synergy) = 88% of
revenue
Cost of Goods Sold (with operating synergy) = 85% of revenue
Depreciation Expense (not included in the Cost of Goods Sold) =
$380,000
Tax Rate = 40%
Change in Working Capital = $26,000
Capital Spending = $220,000
Cost of Capital = 12.50%
Expected perpetual growth rate = 4.50%
After achieving operating synergy, the combined firms can reduce
the cost of capital to 12.00% by adding long-term debt. What will
be the value of the financial synergy created by moving to this
improved capital structure?
Select one:
A. $467,667
B. $548,996
C. $654,879
D. None of the above
In: Finance
On June 1, 2018, Novak Company and Splish Company merged to form
Blossom Inc. A total of 837,000 shares were issued to complete the
merger. The new corporation reports on a calendar-year basis.
On April 1, 2020, the company issued an additional 576,000 shares
of stock for cash. All 1,413,000 shares were outstanding on
December 31, 2020.
Blossom Inc. also issued $600,000 of 20-year, 7% convertible bonds
at par on July 1, 2020. Each $1,000 bond converts to 36 shares of
common at any interest date. None of the bonds have been converted
to date.
Blossom Inc. is preparing its annual report for the fiscal year
ending December 31, 2020. The annual report will show earnings per
share figures based upon a reported after-tax net income of
$1,395,000. (The tax rate is 20%.)
Determine the following for 2020.
(a) The number of shares to be used for
calculating: (Round answers to 0 decimal places, e.g.
$2,500.)
| (1) |
Basic earnings per share |
enter a number of shares rounded to 0 decimal places |
shares | |||
|---|---|---|---|---|---|---|
| (2) |
Diluted earnings per share |
enter a number of shares rounded to 0 decimal places |
shares |
(b) The earnings figures to be used for
calculating: (Round answers to 0 decimal places, e.g.
$2,500.)
| (1) |
Basic earnings per share |
$enter a dollar amount rounded to 0 decimal places |
||
|---|---|---|---|---|
| (2) |
Diluted earnings per share |
$ |
In: Accounting
(EPS with Convertible Bonds) On June 1, 2012, Bluhm Company and Amanar Company merged to form Davenport Inc. A total of 800,000 shares were issued to complete the merger. The corporation reports on a calendar year basis.
On April 1, 2014, the company issued an additional 600,000 shares of stock for cash. All 1,400,000 shares were outstanding on December 31, 2014.
Davenport Inc. also issued $600,000 of 20-year, 8% convertible bonds at par on July 1, 2014. Each $1,000 bond converts to 40 shares of common at any interest date. None of the bonds have been converted to date.
Davenport Inc is preparing its annual report for the fiscal year ending December 31, 2014, and will report earnings per share figures based upon a reported after-tax net income of $1,540,000. The tax rate is 40%.
Instructions
Determine the following for 2014.
(a) The number of shares to be used for calculating:
(1) Basic earnings per share.
(2) Diluted earnings per share.
(b) The earnings figures to be used for calculating:
(1) Basic earnings per share.
Diluted earnings per share(2)
In: Accounting