Debra Dillinger, Inc. was incorporated in Connecticut in 1992. Debra Dillinger owns 82% of the stock of Debra Dillinger, Inc. Unrelated individuals hold the remaining stock. In 1993 Debra formed Connecticut Motors and in 1995 Debra formed Long Island Sound Motors. Debra owned 85% of the stock of Connecticut Motors and 85% of the stock of Long Island Sound Motors. Unrelated individuals own the remaining stock of these two corporations. All three corporations are involved in the business of buying, selling and repairing foreign-made sports cars. Each corporation owns a different franchise for selling and servicing different makes of foreign-made cars. In 2018, Connecticut Motors sold all of its shop equipment and vacated its business address. It did not purchase any new automobiles. Long Island Sound Motors had two locations in Connecticut. It closed one location in early 2018 and then closed the other location in mid-2018. All previously sold cars for Connecticut Motors and Long Island Sound Motors were serviced through Debra Dillinger, Inc. On November 1, 2018, Connecticut Motors and Long Island Sound Motors merged into Debra Dillinger, Inc. Connecticut Motors and Long Island Sound Motors were both insolvent at the time of the merger. Debra Dillinger, Inc. issued its stock to the shareholders of Connecticut Motors and Long Island Sound Motors. On the date of the merger Connecticut Motors was indebted to Debra Dillinger, Inc. in the amount of $32,450 and Long Island Sound Motors was indebted to Debra Dillinger, Inc. for $14,300. Both corporations were insolvent. What issues may the IRS raise concerning this merger? Assume that the merger meets all Connecticut statutes.
In: Accounting
Two morphs of the marine snail Littorina saxatilis have been identified on rocky intertidal shores in Galacia, Spain. Johannesson et al (1995) made the following observations about these snails:
Consider the information provided in this case study in addressing the questions below.
Are the two morphs separate species:
For each species concept, define the species concept, explain what information you used to answer the question, and suggest one piece of additional information that would be relevant in helping you to decide if the two morphs are separate species.
Answer should show an understanding of the species concepts and a defensible use of evidence
In: Biology
Exhibit 1
Flight Plan Consulting, Inc.
Sales and Earnings Trend
|
Year |
Sales |
Net Income After-Tax |
EPS |
|
|
1992 |
$2,000,000 |
$240,000 |
$0.60 |
|
|
1993 |
2,750,000 |
338,000 |
0.84 |
|
|
1994 |
3,200,000 |
384,000 |
0.96 |
|
|
1995 |
5,000,000 |
575,000 |
1.44 |
|
|
1996 |
5,700,000 |
600,000 |
1.50 |
|
|
1997 |
6,200,000 |
713,000 |
1.78 |
|
|
1998 |
7,300,000 |
803,000 |
2.00 |
|
|
1999 |
8,500,000 |
860,000 |
2.15 |
|
|
2000 |
9,100,000 |
900,000 |
2.25 |
|
|
2001 |
10,300,000 |
912,720 |
2.28 |
Exhibit 2
Flight Plan Consulting, Inc.
Balance Sheet
December 31, 2001
($000’s)
|
Current Assets |
$1,500 |
Current Liabilities |
$400 |
|
|
Fixed Assets |
1,500 |
Long-Term Debt |
600 |
|
|
Common Stock ($1 par value) |
400 |
|||
|
Retained Earnings |
1,600 |
|||
|
Total Assets |
$3,000 |
Total Lia. & Equity |
$3,000 |
Exhibit 3
Flight Plan Consulting
Selected Capital Market & Industry Data [1]
|
Yield on AAA Corporate Debt |
6% |
|
Yield on 10-year US-Government Bonds |
5.1% |
|
Historical (10-year) return on a broad market average of common stock |
16% |
|
Dividend Payout Ratio of a sample of 10 specialized consulting firms |
25% |
[1] The long-term debt on FPC’s balance sheet carried a coupon rate of 7% and will mature in 5 years. The firm was in the 30% (combined) tax bracket, and had a dividend payout ratio of 30%. The present market price of the firm’s common stock is $18.
What are FPC's historical (book) costs of debt and equity?
What is FPC's historical weighted average cost of capital (WACC)?
In: Finance
Exhibit 1
Flight Plan Consulting, Inc.
Sales and Earnings Trend
|
Year |
Sales |
Net Income After-Tax |
EPS |
|
|
1992 |
$2,000,000 |
$240,000 |
$0.60 |
|
|
1993 |
2,750,000 |
338,000 |
0.84 |
|
|
1994 |
3,200,000 |
384,000 |
0.96 |
|
|
1995 |
5,000,000 |
575,000 |
1.44 |
|
|
1996 |
5,700,000 |
600,000 |
1.50 |
|
|
1997 |
6,200,000 |
713,000 |
1.78 |
|
|
1998 |
7,300,000 |
803,000 |
2.00 |
|
|
1999 |
8,500,000 |
860,000 |
2.15 |
|
|
2000 |
9,100,000 |
900,000 |
2.25 |
|
|
2001 |
10,300,000 |
912,720 |
2.28 |
Exhibit 2
Flight Plan Consulting, Inc.
Balance Sheet
December 31, 2001
($000’s)
|
Current Assets |
$1,500 |
Current Liabilities |
$400 |
|
|
Fixed Assets |
1,500 |
Long-Term Debt |
600 |
|
|
Common Stock ($1 par value) |
400 |
|||
|
Retained Earnings |
1,600 |
|||
|
Total Assets |
$3,000 |
Total Lia. & Equity |
$3,000 |
Exhibit 3
Flight Plan Consulting
Selected Capital Market & Industry Data [1]
|
Yield on AAA Corporate Debt |
6% |
|
Yield on 10-year US-Government Bonds |
5.1% |
|
Historical (10-year) return on a broad market average of common stock |
16% |
|
Dividend Payout Ratio of a sample of 10 specialized consulting firms |
25% |
[1] The long-term debt on FPC’s balance sheet carried a coupon rate of 7% and will mature in 5 years. The firm was in the 30% (combined) tax bracket, and had a dividend payout ratio of 30%. The present market price of the firm’s common stock is $18.
What are FPC's historical (book) costs of debt and equity?
What is FPC's historical weighted average cost of capital (WACC)?
In: Finance
1.
Use the year/subway fare data shown below. Let x represent the year, with 1960 coded as 1, 1973 coded as 14, and so on. Let y represent the subway fare. Does the best model appear to be a good model? Why or why not? Using the best model, find the projected subway fare in the year
20102010.
|
Year |
1960 |
1973 |
1986 |
1995 |
2002 |
2003 |
|
|
Subway Fare |
0.100.10 |
0.300.30 |
0.950.95 |
1.301.30 |
1.501.50 |
2.002.00 |
Does the best model appear to be a good model? Why or why not?
The best model is the ____ which does not appear
to be a good model because its coefficient of determination is R2 equals=
2
The data show systolic and diastolic blood pressure of certain people. Find the regression equation, letting the first variable be the independent (x) variable. Find the best predicted diastolic pressure for a person with a systolic reading of
113113.
Use a significance level of 0.05.
|
Systolic |
150150 |
129129 |
142142 |
112112 |
134134 |
122122 |
126126 |
120120 |
|
|
Diastolic |
8888 |
9696 |
106106 |
8080 |
9898 |
6363 |
9595 |
6464 |
LOADING...
Click the icon to view the critical values of the Pearson correlation coefficient r.
What is the regression equation?
3.
isted below are the budgets (in millions of dollars) and the gross receipts (in millions of dollars) for randomly selected movies. Answer parts
a-c.
|
Budget (x) |
6060 |
9292 |
5353 |
3535 |
191191 |
9595 |
8787 |
|
|
Gross (y) |
6161 |
6464 |
4646 |
5252 |
545545 |
150150 |
4646 |
Click here to view a table of critical values for the correlation coefficient.
LOADING...
a. Find the value of the linear correlation coefficient r.
r= __________
(Round to three decimal places as needed.)
In: Statistics and Probability
Analyze each of the following scientific reports, explaining how the pattern of the method of agreement is manifested by each. Discuss, in each case, the limitations of the method of agreement as applied to that quest for a causal connection.
Medical researchers have concluded not only that the timing of sexual intercourse in relation to ovulation strongly influences the chance of conception, but that conception occurs only when intercourse takes place during a specifiable period in the menstrual cycle. The researchers summarized their findings thus:
We recruited 221 healthy women who were planning to become
pregnant. At the same time the women stopped using birth control
methods, they began collecting daily urine specimens and keeping
daily records of whether they had sexual intercourse. We measured
estrogen and progesterone metabolites in urine to estimate the day
of ovulation. In a total of 625 menstrual cycles for which the
dates of ovulation could be estimated, 192 pregnancies were
initiated. . . . Two-thirds (n = 129) ended in live births.
Conception occurred only when intercourse took place during a
six-day period that ended on the estimated day of ovulation. The
probability of conception ranged from 0.10 when intercourse
occurred five days before ovulation to 0.33 when it occurred on the
day of ovulation itself. Conclusion: Among healthy women trying to
conceive, nearly all pregnancies can be attributed to intercourse
during a six-day period ending on the day of ovulation.
—Allen J. Wilcox, Clarice R. Weinberg, Donna D. Baird, “Timing of
Sexual Intercourse in Relation to Ovulation,” The New England
Journal of Medicine, 7 December 1995
In: Nursing
3.
(5.15) Manatees are large, gentle, slow-moving creatures found along the coast of Florida. Many manatees are injured or killed by boats. below contains data on the number of boats registered in Florida (in thousands) and the number of manatees killed by boats for the years between 1977 and 2013. (data are distorted):
| YEAR | BOATS | MANATEES | YEAR | BOATS | MANATEES | YEAR | BOATS | MANATEES | |||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1977 | 446 | 12 | 1989 | 712 | 50 | 2001 | 943 | 81 | |||
| 1978 | 458 | 22 | 1990 | 718 | 46 | 2002 | 964 | 95 | |||
| 1979 | 481 | 24 | 1991 | 683 | 53 | 2003 | 978 | 72 | |||
| 1980 | 497 | 15 | 1992 | 680 | 37 | 2004 | 982 | 70 | |||
| 1981 | 511 | 24 | 1993 | 677 | 36 | 2005 | 1010 | 79 | |||
| 1982 | 512 | 21 | 1994 | 697 | 48 | 2006 | 1025 | 91 | |||
| 1983 | 526 | 16 | 1995 | 711 | 42 | 2007 | 1029 | 73 | |||
| 1984 | 557 | 34 | 1996 | 732 | 60 | 2008 | 1010 | 90 | |||
| 1985 | 586 | 32 | 1997 | 753 | 54 | 2009 | 984 | 96 | |||
| 1986 | 615 | 33 | 1998 | 810 | 65 | 2010 | 942 | 84 | |||
| 1987 | 647 | 39 | 1999 | 830 | 81 | 2011 | 923 | 87 | |||
| 1988 | 674 | 44 | 2000 | 879 | 77 | 2012 | 904 | 82 | 2013 | 917 | 71 |
(a) Find the correlation rr (±±0.001)
rr =
(b) Find the equation of the least-squares line (±±0.001) for predicting manatees killed from thousands of boats registered.
yˆy^ = +xx
(c) What would you predict (±±0.1) number of manatees killed by boats to be if there are 900,000 boats registered?
(d) Predict (±±0.1) manatee deaths if there were no boats registered in Florida.
In: Statistics and Probability
Assignment 1( New Version)
You have the following data on quantity demand of commodity X and its price and other factors during 1991-2005:-
|
year |
Quantity ( Q) KG |
Expenditures ( M) NIS |
Price of X ( Px) NIS/KG |
Price of Substitutes (Py ) NIS/KG |
|
1991 |
4.0 |
400 |
9 |
10 |
|
1992 |
4.5 |
500 |
8 |
14 |
|
1993 |
5.0 |
600 |
9 |
12 |
|
1994 |
5.5 |
700 |
8 |
13 |
|
1995 |
6.0 |
800 |
7 |
11 |
|
1996 |
7.0 |
900 |
6 |
15 |
|
1997 |
6.5 |
1000 |
6 |
16 |
|
1998 |
6.5 |
1100 |
8 |
17 |
|
1999 |
7.5 |
1200 |
5 |
22 |
|
2000 |
7.5 |
1300 |
5 |
19 |
|
2001 |
8.0 |
1400 |
5 |
20 |
|
2002 |
10.0 |
1500 |
3 |
23 |
|
2003 |
9.0 |
1600 |
4 |
18 |
|
2004 |
9.5 |
1700 |
3 |
24 |
|
2005 |
8.5 |
1800 |
4 |
21 |
Based on the above data:-
4) Compute the predictable value of the dependent variable & the residuals?
5) How much the change in Px, Py and Expenditures ( M) explains the variations in Q?
6) Interpret the empirical results of the estimated equation?
7) Calculate demand elasticities at the mean.
8) Construct a confidence internal at 95% of estimated own price elasticity at the
mean and in the year of 2005?
10) Construct a confidence interval of the quantity demanded in the years 2005 and in
the year 2008 when Px=7, Py=3.5 ,Expenditures =1900
In: Statistics and Probability
| Year | Distance |
| 1960 | 1472.08 |
| 1961 | 1564.80 |
| 1962 | 1603.03 |
| 1963 | 1670.65 |
| 1964 | 1840.97 |
| 1965 | 1936.46 |
| 1966 | 2031.93 |
| 1967 | 2093.46 |
| 1968 | 2163.59 |
| 1969 | 2205.16 |
| 1970 | 2281.37 |
| 1971 | 2398.31 |
| 1972 | 2503.06 |
| 1973 | 2623.12 |
| 1974 | 2575.82 |
| 1975 | 2604.13 |
| 1976 | 2740.65 |
| 1977 | 2791.32 |
| 1978 | 2886.16 |
| 1979 | 2870.89 |
| 1980 | 3049.89 |
| 1981 | 3107.49 |
| 1982 | 3202.19 |
| 1983 | 3240.61 |
| 1984 | 3400.64 |
| 1985 | 3461.57 |
| 1986 | 3617.96 |
| 1987 | 3887.96 |
| 1988 | 4148.67 |
| 1989 | 4476.36 |
| 1990 | 4506.32 |
| 1991 | 4499.51 |
| 1992 | 4487.92 |
| 1993 | 4470.72 |
| 1994 | 4559.77 |
| 1995 | 4636.48 |
| 1996 | 4745.51 |
| 1997 | 4831.20 |
| 1998 | 4897.49 |
| 1999 | 4978.39 |
| 2000 | 4958.52 |
| 2001 | 5024.30 |
| 2002 | 5131.16 |
| 2003 | 5152.03 |
In: Statistics and Probability
|
Mortgage interest rates and home prices |
||
|
30-year mortgage rates |
||
|
year |
interest rate (%) |
Median home price |
|
1988 |
10.30 |
183,800 |
|
1989 |
10.30 |
183,200 |
|
1990 |
10.10 |
176,900 |
|
1991 |
9.30 |
173,500 |
|
1992 |
8.40 |
172,900 |
|
1993 |
7.30 |
173,200 |
|
1994 |
8.40 |
173,200 |
|
1995 |
7.90 |
169,700 |
|
1996 |
7.60 |
174,500 |
|
1997 |
7.60 |
177,900 |
|
1998 |
6.90 |
188,100 |
|
1999 |
7.40 |
203,200 |
|
2000 |
8.10 |
230,200 |
|
2001 |
7.00 |
258,200 |
|
2002 |
6.50 |
309,800 |
|
2003 |
5.50 |
329,800 |
| 1. Generate two separate scatter plots, following the requirements below, with the data provide. | ||||||||||
| a. year and interest rate | ||||||||||
| b. year and median home price | ||||||||||
|
2. Use your graphs and calculations to answer the questions on blackboard. If you are lost, please review the excel word document. Assessment: Now that you have reviewed how to create a graph in excel. Open the attached excel document and generate the required graphs. You will utilize the graphs to answer the post lab questions below. Provide all your answer with two decimal places. 1. For the year and interest rate graph, what is the slope and
the y intercept? 2. For the year and median home price, what is the slope and the y intercept? 3. Does the linear equation provided from the Year vs. Median Home graph, provide a highly recommended estimate for future home values? Explain your answer. 4. What is the expected median home price in 2019, based on the data from 1996 to 2003? 5. In what year will the interest rate reach 3.50%? (Round to the nearest year.) |
||||||||||
In: Statistics and Probability