You are tasked with estimating the cost of capital for a firm. The risk-free rate is 4%, the expected rate of return on the market is 15.8%. Now, another similar company (similar unlevered cost of capital) has a debt-to-equity ratio of 1 to 3. It has a debt beta near zero and an equity market-beta of 1.5. Your own firm has more debt, for a debt-to-equity ratio of 1 to 1, with a debt beta of 0.1. What is a good estimate for your firm's cost of capital (WACC)?
In: Finance
Trevor’s company accounts’ information for 2018 is as follows: near-cash is $500,
the amount of money that customers currently owe to the company for goods that were
purchased on credit is $16,000. Inventories are worth $45,500, accumulated depreciation
is 30.2% of total fixed assets. Accounts payable and short-term bank notes are $69,000.
Lands, buildings and equipment were valued $126,000. 10-Year Debt is $22,950, common
stock is $31,500 and retained earnings is $26,498. Gross profit is $64,000. Fixed cash
operating expenses, variable operating expenses and depreciation are $21,000, $16,000
and $10,000 respectively. Interest expenses are $6,100 and tax percentage is 50%.
Answer:
(a) Construct the balance-sheet statement for this company.
(b) Construct the income statement for this company.
In: Finance
A Gallup poll asked a sample of Canadian adults if they thought the law should allow doctors to end the life of a patient who is in great pain and near death if the patient makes a request in writing. The poll included 295 people in Quebec, 230 of whom agreed that doctor-assisted suicide should be allowed.
(a) What is the margin of error of the large-sample 99% confidence interval for the proportion of all Quebec adults who would allow doctor-assisted suicide?
(b) How large a sample is needed to get a ±3 percentage point margin of error (this is very commonly used)?
Use the previous sample as a pilot study to get p*. (You may need four decimal places in your critical value to solve this problem.)
In: Statistics and Probability
I need a theater/performance/television studies expert or anyone
who's an expert in social media or Afram Studies--PLEASE!
Basically, anybody knowledgeable about this area of
expertise.
Define "Black Twitter" and provide a social media example (a
platform, incident, phenomenon, hashtag, or personality) and its
connections to the term and readings. Reference the readings of
Sarah Florini, Sanjay Sharma, or Andre Brock.
In: Psychology
1. A retail store runs an advertising campaign on a radio station. They decide to measure the effectiveness of the campaign by measuring the increase in customers compared to previous days. They choose 35 days at random, and find the average number of customers to have increased by 83.3 customers per day. Historically, the number of customers per day has a standard deviation of 17.5 customers. What is the 95% confidence interval for the population mean increase in customers?
Select one:
a. 79.51 to 87.09
b. 79.54 to 87.06
c. 77.50 to 89.10
d. 55.70 to 110.90
e. 78.42 to 88.18
2. A movie theater in a tourist destination notices that their attendance improves when it is rainy outside. For the past year, the standard deviation of movie attendance has been 6.1 people. The theater looks at the attendance of 42 movies while it was raining last month, and the average attendance was 91.2 people per showing. What is the 80% confidence interval?
Select one:
a. 89.65 to 92.75
b. 73.19 to 109.21
c. 90.00 to 92.40
d. 89.36 to 93.04
e. 91.01 to 91.39
In: Statistics and Probability
Atif Pharma Bhd (AP Bhd) is a pharmaceutical distributor which purchases prescription medicines and other medical products directly from pharmaceutical manufacturers and distribute across the country. In 2019, the company was involved in several transactions related to the acquisition of property, plant and equipment in order to diversify its operation. On 2 January 2019, the company purchased a land with an old building for the purpose of self– constructed a new building as a factory by a selected constructed contractor. The price of the land and old building were RM850,000 and RM150,000, respectively. Additional expenditure incurred in relation to the purchase of land and construction of new factory were as follows:
| RM | |
| Professional fees | 80,000 |
| Commission paid to real estate agency | 16,500 |
| Cost of demolishing an old building on the land | 20,000 |
| Excavation cost | 33,000 |
| Salvage value from the old building | 18,200 |
| Cost of grading and clearing the plot | 25,000 |
| Installation of high grade fences around the factory | 31,200 |
| Cost of 200 parking lot and 4 driveways | 83,000 |
| Cost of direct material and direct labour for construction of factory | 438,000 |
| Overhead cost incurred during construction of factory | 80,300 |
| Cost of constructing and demolishing living quarters for the workers building a factory | 22,200 |
| Interest cost incurred to finance the construction of factory | 23,790 |
| Cost of planted a temporary green landscape | 18,700 |
Including in the professional fees was legal fees for the land purchased totalled of RM35,000 and architect’s fee for the factory was of RM45,000. The construction of the factory completed on July 2019. But during the construction, the division manager had specified a low quality of direct material which caused the cost of inefficiency of RM25,000. This cost has been included in the cost of direct material and direct labour. On 1 July 2019, AP Bhd purchased a specialised machinery for medicine repackaging and laboratories operation that will be used in a new factory. There is no market for this type of machinery in Malaysia, therefore AP Bhd spent of RM20,000 for oversea trip to search for this machinery. The list price of the machinery was RM4,500,000 with a trade discount of 1%. The shipping and handling cost to bring the machinery to the factory was RM180,000. Insurance cost during the shipping was RM30,700. This machinery need a special treatment for the specified area, therefore the company has incurred a cost of RM50,000 for concrete reinforcement; and electrical cabling and wiring totalled of RM33,000 for site preparation. While the Installation and assembly cost was RM42,900. Cost of maintenance of this machinery for three years was RM10,000. In addition, AP Bhd has an old equipment. However, this old equipment cannot be used in a new factory since a new factory is made for specified medicine regarding Immunologist while the old machine used for Anesthesiologists. Therefore, on 19 August 2019, AP Bhd decided to exchange its old equipment plus cash for a new equipment from another company. The old equipment was bought on 1 Jun 2015 for RM1,500,000. The old equipment has useful life of 20 years and the company uses straight line method to calculate for depreciation. This old equipment has a market value of RM1,458,000 at the time of trade in. The new equipment has a market value of RM1,420,000. This transaction has a commercial substance. On 31 August 2019, AP Bhd purchased a furniture for a new factory with a fair value of RM1,200,000 by issuing 60,000 unit of ordinary share. The market value of the share is RM2.50 per unit. On 30 September 2019, AP Bhd has launched an opening of new factory by inviting the Minister of Health as it becoming the third bumiputera factory and company in pharmaceutical in country. This grand ceremony involved additional cost of RM30,000. On 10 November 2019, AP Bhd entered into contract to acquire the franchise of multivitamin products. AP Bhd paid an amount of RM1,250,000 to the franchisor to produce and sell the product using the formula given by franchisor.
REQUIRED: (a) Based on MFRS 116 Property, Plant and Equipment, calculate the cost of land, land improvement and factory by AP Bhd during 2019.
In: Accounting
Summary
Lewis wants you to write another script that shows a table of events at the Lyman Hall Theater over the next two weeks from the current date. He has already created three arrays for use with the script:
Lewis has already written the page content and provided style sheets for use with the page. Your job will be to write a script that selects the events that occur in the two-week window from the current date and display them in the web page.
A preview of the home page is shown above.
The style sheets and graphic files have already been created for you. Your job is to write the HTML markup.
Instructions
This Review Assignment contains interactive instructions that you can complete to ensure you've completed the instruction correctly.
After reading each instruction thoroughly, perform the requested change in the code editor to the right. You can use the Build Website button to refresh your website preview at any point and view a full-page version of your website by clicking the arrow in the top right corner of your website preview.
After you've completed an instruction, click the corresponding check box in your list of instructions. This will trigger simulated tests of your website to ensure that you successfully completed the instruction.
Click Next Step to get started!
Setup
Enter your name and the date in the comment section of lht_events.html and lht_table.js.
Link JS Files
Open the lht_events.html file and directly above the closing </head> tag, insert script elements that link the page to the lht_list.js and lht_table.js files in that order. Defer the loading and running of both script files until after the page has loaded.
You will not be tested on this instruction, but you should still complete this step.
Event List
Scroll down the document and directly after the closing
</article> tag insert a div element with the ID
eventList. It is within this element that you will
write the HTML code for the table of upcoming theater events.
(Hint : Be sure to review this file and all the support files,
noting especially the names of variables that you will be using in
the code you create.)
Variables
Go to the lht_table.js file and below the comment section, declare a variable named thisDay containing the date August 30, 2018. You will use this date to test your script.
Create a variable named tableHTML that will contain the HTML code of the events table. Add the text of the following HTML code to the initial value of the variable:
<table id='eventTable'> <caption>Upcoming Events</caption> <tr><th>Date</th><th>Event</th><th>Price</th></tr>
Lewis only wants the page to list events occurring within 14 days after the current date. Declare a variable named endDate that contains a Date object that is 14 days after the date stored in the thisDay variable.
(Hint : Use the new Date() object constructor and insert a time value that is equal to thisDay.getTime() + 14 x 24 x 60 x 60 x 1000.)
For Loop
Create a for loop that loops through the length of the eventDates array. Use i as the counter variable.
Within the for loop insert the following commands in a command block:
<tr> <td> eventDay @ eventTime </td> <td> description </td> <td> price </td> </tr>
HTML Table Code
After the for loop, add the text of the HTML code </table> to the value of the tableHTML variable.
Insert the value of the tableHTML variable into the inner HTML of the page element with the ID eventList.
<!DOCTYPE html>
<html>
<head>
<!--
New Perspectives on HTML5 and CSS3, 7th Edition
Tutorial 10
Review Assignment
Lyman Hall Theater Upcoming Events
Author:
Date:
Filename: lht_events.html
-->
<meta charset="utf-8" />
<meta name="viewport" content="width=device-width, initial-scale=1" />
<title>Upcoming Events at the Lyman Hall Theater</title>
<link href="lht_reset.css" rel="stylesheet" />
<link href="lht_styles.css" rel="stylesheet" />
<link href="lht_events.css" rel="stylesheet" />
</head>
<body>
<header>
<img src="lht_logo2.png" alt="The Lyman Hall Theater" id="logoimg" />
<nav> <a id="navicon" href="#"><img src="lht_navicon2.png" alt="" /></a>
<ul>
<li><a href="#">home</a></li>
<li><a href="#">events</a></li>
<li><a href="#">box office</a></li>
<li><a href="#">facilities</a></li>
<li><a href="#">directions</a></li>
<li><a href="#">contact</a></li>
</ul>
</nav>
</header>
<section>
<article>
<h1>At the Theater</h1>
<p>Great shows are coming to the Lyman Hall Theater in the upcoming weeks.
The Broadway Touring Company of <a href="#">Cabaret</a> arrives for four
performances, featuring Tony-award winning actress Kayla
James. Tickets are limited, so be sure to <a href="#">order
online</a> and by calling the LHT boxoffice.
</p>
<p>Enjoy a stunning multimedia event with Edward Lee's <a href="#">Visions
of Light and Dreams</a> featuring sound, video, and interactive
demonstrations of the latest innovations in film and theater.
</p>
<p>If music is more your passion, LHT welcomes the popular group
<a href="#">San Diego Blues</a>. Want an evening of laughs?
Get your tickets now for <a href="#">Gerry Jones</a> and his
one-person show, <a href="#">Exit Stage Left</a>.
</p>
<p>For an inexpensive night out, be sure to check out LHT's
<a href="#">Classic Cinema</a> and for a delicious Sunday
brunch, join us for <a href="#">Classics Brunch</a>.
</p>
</article>
</section>
<footer>
<nav>
<ul>
<li><a href="#">Staff</a></li>
<li><a href="#">Employment Info</a></li>
<li><a href="#">Directions & Parking</a></li>
</ul>
<ul>
<li><a href="#">Box Office</a></li>
<li><a href="#">Group Rates</a></li>
<li><a href="#">Events</a></li>
</ul>
</nav>
<section>
The Lyman Hall Theater<br />
414 Leeward Drive<br />
Brookhaven, GA 30319<br />
Office: (404) 555 - 4140
</section>
</footer>
</body>
</html>
In: Computer Science
predict the challenges that a migratory bird might face that spends the winter near the equator and the summer (i.e., the breeding season) near the arctic nowadays.
In: Biology
1) What you have been learning about The cost classification, Labor cost, ABC Costing. How do you think this knowledge could help you to be an effective hospitality manager in the future? (in 200 words minimum).
2) Method of apportioning costs to the cost centers of:
- Employee’s holiday pay
- Rooms division manager’s salary
- Electrical power costs
- Cost of servicing the hotel’s service lifts or elevators
- Fee paid to a professional consultant for advice on fire regulation procedures.
In 2 or 3 sentences explain why you are choosing the respective method of apportioning such costs to the cost centers.
3) You have learned the application of ABC (Activity-Based Costing) in a hotel set-up. In 300 words minimum, discuss how you can apply ABC costing in a restaurant business. Be specific about the functional departments in the business. Give examples.
In: Accounting
Q-1
# of workers Output (flags(
0 0
1 50
2 110
3 180
4 260
5 350
The table shows the number of flags that can be made per month depending on the number of workers at Acme Flag Company. Does the Acme Flag Company experience the law of diminishing returns in the table above?
| a. |
No, because marginal product is increasing as more workers are added. |
|
| b. |
Yes, because marginal product is decreasing as more workers are added. |
|
| c. |
Yes, because total product is increasing as more workers are added. |
|
| d. |
Yes, because total product is decreasing as more workers are added |
Q-2
The major characteristic of a monopoly is
| a. |
the degree of control over price it can exercise. |
|
| b. |
the ability to produce numerous products. |
|
| c. |
its price elasticity of demand. |
|
| d. |
its source of revenue |
Q-3
Ceteris paribus, the demand curve faced by a firm that is a monopoly will be ______the demand curve faced by a firm in perfect competition.
| a. |
less steep than |
|
| b. |
more steep than |
|
| c. |
the same steepness as |
|
| d. |
the opposite of |
Q-4
As output increases, marginal cost
| a. |
continually increases. |
|
| b. |
continually decreases. |
|
| c. |
increases, reaches a maximum and then declines. |
|
| d. |
decreases, reaches a minimum and then rises. |
Q-5
# of workers Output (flags)
0 0
1 50
2 110
3 180
4 260
3 350
The table shows the number of flags that can be made per month depending on the number of workers at Acme Flag Company. The price that Acme can charge for flags is $20. What is the average product of the 4th worker?
| a. |
65 flags. |
|
| b. |
80 flags. |
|
| c. |
260 flags. |
|
| d. |
$1600 |
Q-7
Long-run competitive equilibrium implies that
| a. |
all firms in the industry are earning economic profits. |
|
| b. |
all firms in an industry are producing output at the point where marginal profit equals marginal cost. |
|
| c. |
there is no incentive for firms to enter or leave an industry. |
|
| d. |
the accounting profits of all firms in a competitive industry are zero. |
Q-9
Which of the following statement is true?
| a. |
Diminishing returns occur when a firm can change the amount of all the factors of production it uses. |
|
| b. |
if Helena finds that the marginal benefit of eating an ice cream cone is equal to the marginal cost of eating an ice cream cone, then Helena would be better off to eat one more ice cream cone. |
|
| c. |
the production possibilities curve is positively sloped. |
|
| d. |
none of the above are true statements |
Q-11
A price ceiling _______ output and ________ price in a monopoly market.
| a. |
increase; increase. |
|
| b. |
decrease; increase. |
|
| c. |
decrease; decrease. |
|
| d. |
increase; decrease |
Q-13
Economic theory suggests that a monopoly is the best form of business organization when
| a. |
a natural monopoly exists. |
|
| b. |
the average cost curve is downward sloping over the relevant range of output levels. |
|
| c. |
a single firm is able to produce output at a lower average cost than would occur if there were two or more firms in the industry. |
|
| d. |
all of the above. |
Q-15
If a local movie theater is a monopolist, price discrimination means that;
| a. |
economic profits earned by the theater will redistribute income from consumers to resource owners. |
|
| b. |
the theater can charge different prices for its product in different markets. |
|
| c. |
the theater's price/output decision results in an unequal distribution of income. |
|
| d. |
the theater can charge a higher price than a competitive firm. |
Q-16
Monopolies generally offer consumers ___ and ____ than competitive firms.
| a. |
lower output; lower prices. |
|
| b. |
lower output; higher prices. |
|
| c. |
higher output; lower prices. |
|
| d. |
higher output; higher prices |
Q-16
f output changes in fixed proportion to a change in all of a firm's productive resources, the firm has
| a. |
constant marginal returns. |
|
| b. |
constant returns to scale. |
|
| c. |
decreasing marginal returns. |
|
| d. |
decreasing returns to scale. |
Q-17
Profits for the profit maximizing monopolist will equal
| a. |
marginal cost times output. |
|
| b. |
price minus average total cost, times output. |
|
| c. |
zero economic profit most of the time. |
|
| d. |
price minus marginal cost, times output. |
Q-18
Unlike a firm in perfect competition, a monopolist may be able to
| a. |
block the entry of new firms into the industry. |
|
| b. |
continue to an economic profits in the long run. |
|
| c. |
earn economic profits in the short rum |
|
| d. |
both (a) and (b). |
20
he point of diminishing returns occur at the point where
| a. |
the slope of the total product curve is zero. |
|
| b. |
the slope of the total product curve is negative. |
|
| c. |
the slope of the total product curve is positive. |
|
| d. |
the slope of the total product curve begins decreasing. |
In: Economics