In 2006, there were 11,300 students at college A, with a projected enrollment increase of 800 students per year. In the same year, there were 30,900 students at college B, with a projected enrollment decline of 600 students per year. According to these projections, when will the colleges have the same enrollment? What will be the enrollment at that time?
In: Advanced Math
In January 2006, astronomers reported the discovery of a planet comparable in size to the earth orbiting another star and having a mass of about 5.5 times the earth's mass. It is believed to consist of a mixture of rock and ice, similar to Neptune. Take mearth=5.97×1024kg and rearth=6.38×106m.
1) If this planet has the same density as Neptune (1.76 g/cm3), what is its radius expressed in kilometers?
Express your answer in kilometers.
2)
What is its radius expressed as a multiple of earth's radius?
Express your answer in units of earth's radius.
In: Physics
a.) Star Inc. has Year 1 revenues of $80 million, net income of $9 million, assets of $65 million, and equity of $40 million, as well as Year 2 revenues of $87 million, net income of $22 million, assets of $70 million, and equity of $50 million. Calculate Star’s return on equity (ROE) for each year based on the DuPont method and compare it with a direct ROE measure. Next, explain why the firm’s ROE changed between Year 1 and Year 2.
b.). Nextime Ltd. has operating profits (EBIT) of $87 million, a tax rate of 35%, net working capital of $129 million, and fixed assets of $285 million. Calculate Nextime’s return on invested capital, or ROIC. Then, describe three methods by which a firm can increase its ROIC.
c.) Fixem Co. has revenue of $125 million, property and equipment of $42 million, and accumulated depreciation and amortization of $6 million. Estimate the fixed asset turnover ratio.
d.) Wally Wholesale has revenue of $487,000, end-of-year receivables of $112,000, account payables of $70,000, and inventory of $91,000. Assume purchases equal cost of sales of $372,000. Estimate Wally Wholesale’s age of inventory, age of receivables, and age of payables.
e.). Quick-E Inc.’s current assets consist of cash of $5 million, account receivables of $27 million, inventory of $37 million, and it has current liabilities of $48 million. Calculate Quick-E’s current ratio and quick ratio. 7. Deb Co. has interest-bearing debt of $122 million, non–interest-bearing debt of $33 million, and equity of $76 million. Calculate Deb Co.’s debt-to-assets, debt-to-equity, and long-term debt-to-capital ratios. 8. IOU Inc. has EBIT of $58,000, depreciation and amortization of $12,000, interest expenses of $21,000, principal repayments of $17,000, and a tax rate of 35%. Calculate IOU Inc.’s interest coverage ratio and debt service coverage ratio.
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In: Accounting
A market researcher working for a bank wants to know if the distribution of applications by card is the same for the past three mailings. She takes a random sample of 200 from each mailing and counts the number applying for Silver, Gold, and Platinum. The reported results appear in the accompanying table. Complete parts a through g below.
| silver | gold | platinum | total | |
| mailing 1 | 119 | 55 | 26 | 200 |
| mailing 2 | 120 | 55 | 25 | 200 |
| mailing 3 | 130 | 54 | 16 | 200 |
| total | 369 | 164 | 67 | 600 |
a) What are the null and alternative hypotheses? Choose the correct answer below.
A.
Upper H 0H0:
The proportions of customers applying for the three types of cards are the same for the three different mailings.
Upper H Subscript Upper AHA:
The proportions of customers applying for the three types of cards are not the same for the three different mailings.
B.
Upper H 0H0:
The proportions of customers applying for the three types of cards are not the same for the three different mailings.
Upper H Subscript Upper AHA:
The proportions of customers applying for the three types of cards are the same for the three different mailings.
C.
Upper H 0H0:
Card type and mailing are independent.
Upper H Subscript Upper AHA:
Card type and mailing are not independent.
D.
Upper H 0H0:
Card type and mailing are not independent.
Upper H Subscript Upper AHA:
Card type and mailing are independent.
b) What type of test is this?
A.
Chi-square test of homogeneity
B.
Chi-square goodness-of-fit test
C.
Chi-square test of independence
c) What are the expected numbers for each cell if the null hypothesis is true?
|
SilverSilver |
GoldGold |
PlatinumPlatinum |
|
|---|---|---|---|
|
Mailing 1Mailing 1 |
|||
|
Mailing 2Mailing 2 |
|||
|
Mailing 3Mailing 3 |
nothing |
nothing |
nothing |
(Round to three decimal places as needed.)
d) Find the chi squaredχ2 statistic.
chi squaredχ2=__
(Round to two decimal places as needed.)e) How many degrees of freedom does the chi squaredχ2 statistic have?
df=___
(Type an integer or a decimal.)f)
Find the critical value at alphaαequals=0.05.
The critical value is __
(Round to two decimal places as needed.)
g) What do you conclude?
A.The test statistic is greater than the critical value. Reject Upper H 0H0 and conclude there is sufficient evidence at the 5% significance level that the distributions are different for the three mailings.
B.The test statistic is greater than the critical value. Reject Upper H 0H0 and conclude there is sufficient evidence at the 5% significance level that card type is not independent of mailing
C.The test statistic is less than the critical value. Fail to reject Upper H 0H0 and conclude there is insufficient evidence at the 5% significance level that card type is not independent of mailing.
D.The test statistic is less than the critical value. Fail to reject Upper H 0H0 and conclude there is insufficient evidence at the 5% significance level that the distributions are different for the three mailings.
In: Statistics and Probability
Describe the research methods and results from Reiss & Havercamp (2006) and from Lyubomirsky et al. (2011).
Rogers developed his personality theory largely based on what type of experiences?
Define the key aspects of Rogers’ therapeutic approach.
In: Psychology
YouTube was purchased by Google in 2006. Please describe how YouTube handled their finances and the state of their stock before they were purchased. Also, please explain how the acquisition took place. Please provide a typed 1000 word response with sources.
In: Finance
A bond having a $1,000 face amount had a price of $750.21 in 2006, and $752.50 a year later. The coupon rate is 5%.
In: Finance
G R
57 62
46 58
85 81
80 88
95 84
31 54
56 44
40 65
52 37
26 51
93 76
54 43
67 64
42 59
29 51
81 70
35 49
59 61
44 57
84 97
34 55
49 44
73 86
74 89
44 52
41 49
72 61
60 48
48 69
92 87
64 77
52 47
58 66
84 80
60 50
49 38
96 74
20 49
42 19
36 58
69 48
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37 59
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31 62
74 51
85 79
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77 75
28 22
93 87
45 48
50 40
A private-label bottler of soft drinks asks each of 60 members of a tasting panel (who are regarded as a random sample from millions of potential customers) to rate each of two possible formulations of a cola drink on a 100-point scale; higher scores are desirable. Formulation G is less expensive and will be used unless there is a clear evidence that formulation R is preferred. From the data, the bottler obtains the difference (R-G) in the ratings for each panelist. After calculating and examining the 90% and the 95% confidence intervals for the mean of the difference in the ratings, the management of the private-label bottler concluded that the difference in the ratings is negligible. Consequently, they have decided to use formulation G which is less expensive. The data on the panelist’s ratings they have used is in the Excel data file named ‘Cola Ratings’. Using the same data, please re-calculate the confidence intervals you think the management’s decision must have been based on. Show all the necessary steps and interpret your confidence intervals. Based on your results, do you agree with the management’s conclusion? Please justify your answer.
In: Statistics and Probability
1. B&B Corporations are on the accrual basis of accounting, revenue should be recognized on the Income Statement when:
A. Cash is received
B. Revenue is earned and collectability of any cash is reasonably assured
C. Revenue is earned regardless of the collectability of any uncollected cash
D. Revenue is earned even if the full sales price is uncertain
2. B&B Tech disclosed the following information in its recent annual report:
|
Year 1 |
Year 2 |
|
|
Cost of goods sold |
$16,000,000 |
$20,100,000 |
|
Revenue |
20,000,000 |
25,100,000 |
|
Ending inventory |
4,000,000 |
5,150,000 |
What is the B&B Tech’s’s Gross Profit for Years 1 & 2?
A. $4,000,000 & $8,000,000
B. $12,000,000 &$14,950,000
C. $4,000,000 & $5,000,000
D. None of the Above
3. B&B Co. opened a new business location on April 1. During April, Copy Co. sold
$50,000 of copies for cash along with $280,000 of copies on account to customers.
Payments collected from these customers amounted to $212,000 during April, with
the balance to be collected during May.
How much revenue should B&B. report on its April income statement?
A. $150,000
B. $430,000
C. $380,000
D. $530,000
Presented below are selected amounts from B&B, Inc.’s financial statements:
|
Amounts in thousands |
|
|
Balance sheet |
|
|
Accounts receivable |
$ 22,800 |
|
Inventory |
41,000 |
|
Total assets |
569,000 |
|
Accounts payable |
135,500 |
|
Shareholders’ equity |
288,000 |
|
Income Statement |
|
|
Net sales |
621,000 |
|
Cost of goods sold |
430,000 |
|
Interest expense |
27,000 |
|
Net income |
124,000 |
How many days, on average, does it take B&B's to pay an outstanding account payable?
A. 139.days
B. 115 days
C. 123 days
D. 119 days
E. None of the above
4. Presented below are selected ratios derived from B&B's financial statements:
|
Return on sales |
1.7% |
|
Total asset turnover |
4.25 |
|
Financial leverage |
2.75 |
|
Treasury stock return Dividend retention rate |
3.25 1.95 |
Using the ROE model framework, how much is B&B’s ROE?
A. 12.95%
B. 19.87%
C. 29.18%
D. 39.59%
In: Accounting
The First Chicago Bank is reviewing its service charges and interest-paying policies on checking accounts. The daily balance of a checking account is defined to be the balance in the checking account at 2:00pm. The bank has found that for all personal checking accounts the mean of all the daily balances is $900 and the standard deviation is $175. In addition, the distribution of personal checking account daily balances can be approximated very well with a normal model.
Question 1. What percentage of the bank's customers carry daily balances between $700 and $1,000? (Use 2 decimal places in your answer. Note that the answer is requested as a percent, that is, a value between 0 and 100).
Question 2.The bank is considering paying interest to customers carrying daily checking account balances in excess of a certain amount. If the bank does not want to pay interest to more than 4% of its checking account customers, what is the minimum daily balance on which it should be willing to pay interest? (Round your answer to the nearest dollar)
In: Statistics and Probability