1. Describe a transformation process within an organization that is familiar to you; list all inputs, components, and the transformation process that produces either a product or service the organization delivers its customers. Make sure you mention all of the parts of the transformation process.

2. What is the difference between a “products or goods” versus “services”? What are some of the similarities and differences between the two? Can services be inventoried? (Last Question is Lecture Based) Give some examples based upon your experience as a customer or from your professional experience.

3. Many people state that their organization has no customers. Is it possible for a business, or department within an enterprise, not to have customers? Why or why not? How does the customer influence an operations strategy? What is the difference between a strategy and an operations plan?

A clothing store is open each day for 12 hours. On average, the store gets 120 customers per day. Round each answer below to the nearest hundredth.

a. Find the probability that the store gets 140 or more customers today.

b. Find the probability that the store gets 15 or more customers in the first hour of business.

c. Find the probability that the store gets 40 or more customers in the first three hours of business.

**Please show me how to put this into a calculator Ti- 84**

Journal Entries During July 2017, Krogue, Inc., completed the following transactions. Prepare journal entry for each transaction. Received $320,000 for 80,000 shares of capital stock. 4 Purchased $100,000 of equipment, with 75% down and 25% on a note payable. Paid utilities of $2,300 in cash. 9 Sold equipment for $15,000 cash (no gain or loss). 13 Purchased $250,000 of supplies, paying 30% down and 70% on credit. Paid $6,000 cash insurance premium for July. 18 Provided services for $81,000 to customers on account to be paid at a later date. /20 Collected $8,500 from accounts receivable. /24 Provided services for $43,000 to customers for cash. /27 Paid property taxes of $1,200. (30 Paid $175,000 of accounts payable for supplies purchased on July 13. July 14

1. A national car rental company is interested in determining whether the mean days that customers rent cars is the same between three of its major cities. The following data reflect the number of days people rented a car for a sample of people in each of three cities.

Nizwa Sohar Muscat

5 7 7

3 7 5

7 11 8

1 5 11

2 7 15

9 3 17

a. Write down the null and alternative hypotheses to be tested.

b. Construct the ANOVA table

. c. Given the value of the tabulated F = 3.68 (α=.05), test the hypotheses you formulated in ‘a’ above.

d. Clearly state the test’s decision and conclusion. e. Perform pairwise comparisons and make conclusions (using t = 1.5).

Their new task consisted of determining Entergy Corp.’s value in common stock, preferred stock, and bonds. With this information, they were to prepare a second seminar to explain the valuation process to the clients

Nicholas and Karina were able to obtain the following information in regard to Entergy Corp.’s long term obligations. The table indicates the first three first-mortgage bonds listed in the Annual Report.

Table 1

Nicholas and Karina concluded that the effect of increased concern in regards to any event risk, was to lower Entergy Corp.’s cost of bond financing. The following information was gathered through the use of Value Line Survey.

Entergy’s recent price was $38 per share with a P/E of 14.6 and a dividend yield of 4.8%. Its beta was .60.

Earnings Per Share

Quarterly Dividends Paid Per Share

FMS SECURITIES CASE B - Questions

1.) Entergy Corp. has $54,956,000 of preferred stock outstanding.

a.) Suppose its Series A, which has a $100 par value and pays a 4.32 percent cumulative dividend, currently sells for $48.00 per share. What is its nominal expected rate of return? It’s effective annual rate of return? (Hint: Remember that dividends are paid quarterly. Also, assume that this issue is perpetual.)

b.) Suppose a Series F, with a $100 par value and a 9.75 percent cumulative dividend, has a mandatory sinking fund provision. 60,000 of the 300,000 total shares outstanding must be redeemed annually at par beginning at the end of 2004. If the nominal required rate of return is 8.0 percent, what is the current (January 1, 2004) value per share?

2.) Now consider Entergy Corp.’s common stock. Value Line estimates Entergy Corp.’s 5- year dividend growth rate to be 6.0 percent. Assume that Entergy Corp.’s stock traded on January 1, 2003 for $22.26. Assume for now that the 6.0 percent growth rate is expected to continue indefinitely.

a.) What was Entergy Corp.’s expected rate of return at the beginning of 2003? Value Line estimate Entergy Corp.’s dividends to be $1.80 at the start of 2003.

b.) What was the expected dividend yield and expected capital gains yield on January 1,

2003? Describe the relationship between dividend yield and capital gains yield over time under constant growth assumptions.

3.) What conditions must hold to use the constant growth (Gordon) model? Do many “real world” stocks satisfy the constant growth assumptions?

4.) Suppose you believe that Entergy Corp.’s 6.0 percent dividend growth rate will only hold

5 years. After that, the dividend growth rate will return to Entergy Corp.’s historical 10-year

average of 7.5 percent. Note that D6 = D5 x 1.075. (Use to answer questions 4-8)

a.) What was the value of Entergy Corp.’s stock on January 1, 2003 (the end of 2002), if the required rate of return is 13.5 percent? Remember this value you calculate does

not have to agree with the market value of $22.26.

5.)

a.) What is the expected stock price at the end of 2003 (beginning of 2004) assuming

that the stock is in equilibrium?

b.) What is the expected stock price at the end of 2004 (beginning of 2005) assuming

that the stock is in equilibrium?

6.) What is the expected dividend yield, capital gains yield, and total return for 2003?

Hint: You need the expected January 1, 2003 price to compute.

7.) Suppose Entergy Corp.’s dividend was expected to remain constant at $1.80 for the next 5 years and then grow at a constant 6 percent rate. If the required rate of return is 13.5 percent, would Entergy Corp.’s stock value be higher or lower than your answer in Problem 4?

8.) Entergy Corp.’s stock price was $22.26 at the beginning of 2003. Using the growth rates given in the introduction to this question, what is the stock’s expected rate of

return?

9.) Based on the information provided in Value-Line Tables is the assumed 6 % growth rate reasonable? What has been the trend?

10.) Given Value-Line’s ROE estimated for 2005 through 2007 and at the projected

earnings and dividends per share for the same period.

1. Could those figures be used to develop an estimated long-run “sustainable” growth rate?

2. Does this figure support the 7.5 percent growth rate given in the problem?

Hint: Think of the formula g = br = (Retention ratio)(ROE)

A university is trying to determine what price to charge for tickets to football games. At a price of ​$27 per​ ticket, attendance averages 40,000 people per game. Every decrease of ​$33 adds 10,000 people to the average number. Every person at the game spends an average of ​$4.50 on concessions. What price per ticket should be charged in order to maximize​ revenue? How many people will attend at that​ price?

Describe 3 factors that contribute to a subtractive language context, language shift, and eventually language death. Explain how they contribute to a subtractive language situation.