You have a super-nature talent in stock prediction. You want to prove your talent to the entire world. You have predicted the next 10 days’ stock values. Each day after the market is closed, you plan to reveal that day’s prediction, so others can verify whether your prediction is correct or not. Obviously, you need to convince others that you know that day’s stock value beforehand. You don’t want to reveal your prediction before the market is closed, because you don’t want others to benefit from your predictions. At the beginning, you can publish some numbers in a popular newspaper, but you can only afford to publish 64 characters (the size of one hash value) in the newspaper. You reveal your prediction everyday and at the end of 10 days people can authenticate the 10 predications you have revealed over the last 10 days. Given these restrictions, describe the way you will design a system to prove your predictions.
In: Computer Science
Give an example of radical innovation, and compare it to incremental innovation (how do you know this is radical innovation?). Be original
In: Finance
For the following questions assume: Marginal Abatement Cost is MAC= 12 – E, and Marginal Damages is MD = E/2
Suppose the same polluter is operating under a regulatory environment such that
the polluter always choses ESE (so the regulation updates as polluters innovate). The
firm has the option of undertaking a technological innovation in abatement such
that it would face
MAC = 6 – E/2 after implementation.
9) What is the incentive to innovate (the net private benefit to the polluter of
implementing the innovation: Total Private Cost TPCO(ESEOLD) – TPCN(ESENEW)?
a) -1
b) 0
c) 2
d) 6
e) None of the above
In: Economics
On 1st July 2009 C Ltd acquires a 30% shares in J Ltd for an
exchange of cash of $270 000. On acquisition date, the assets of J
Ltd are reported at fair value and the total equity is:
Contributing equity $660 000 Retained earnings $240 000
A dividend of $5 000 is paid by J Ltd on 31st October 2009 from
profits earned in 2008-09 period (pre-acquisition). For the year
ended 30th June 2010, J Ltd records an after tax profit of $50 000
for the year. A further dividend of $20 000 is declared by J Ltd on
30th June 2010 from profits earned in 2009-10 period. On 31st
October 2010, J Ltd pays the $20 000 dividend declared on 30th June
2010.
For the year end 30th June 2011, J Ltd records an after-tax loss of
$25 000. On 30th June 2011, J Ltd declares dividends of $10 000 to
be paid out of the profits earned in the 2010 financial year. On
30th June 2011 J Ltd re-values its land upwards by an amount of
$200 000. Tax rate is 33%.
Required:
Prepare the journal entries under the equity method of accounting
for C Ltd for the years ending 30th June 2010 and 30th June 2011 to
account for its investment in J Ltd assuming that C Ltd is a parent
entity which prepares consolidated financial statements.
In: Accounting
In: Economics
Analysis and Interpretation of Profitability
Balance sheets and income statements for Nordstrom, Inc. follow.
Refer to these financial statements to answer the requirements.
| NORDSTROM, INC. Consolidated Statements of Earnings |
|||
|---|---|---|---|
| For Fiscal Years Ended ($ millions) | 2010 | 2009 | 2008 |
| Sales | $ 8,258 | $ 8,272 | $ 8,828 |
| Credit card revenues | 369 | 301 | 252 |
| Total revenues | 8,627 | 8,573 | 9,080 |
| Cost of sales and related buying and occupancy costs | (5,328) | (5,417) | (5,526) |
| Selling, general and administrative expenses | |||
| Retail | (2,109) | (2,103) | (2,130) |
| Credit | (356) | (274) | (177) |
| Earnings before interest and income taxes | 834 | 779 | 1,247 |
| Net interest expense | (138) | (131) | (74) |
| Earnings before income taxes | 696 | 648 | 1,173 |
| Income tax expense | (255) | (247) | (458) |
| Net earnings | $ 441 | $ 401 | $ 715 |
| NORDSTROM, INC. Consolidated Balance Sheets |
||
|---|---|---|
| ($ millions) | January 30, 2010 | January 31, 2009 |
| Assets | ||
| Current Assets | ||
| Cash and cash equivalents | $ 795 | $ 72 |
| Accounts receivable, net | 2,035 | 1,942 |
| Merchandise inventories | 898 | 900 |
| Current deferred tax assets, net | 238 | 210 |
| Prepaid expenses and other | 88 | 93 |
| Total current assets | 4,054 | 3,217 |
| Land, buildings and equipment, net | 2,242 | 2,221 |
| Goodwill | 53 | 53 |
| Other assets | 230 | 170 |
| Total assets | $ 6,579 | $ 5,661 |
| Liabilities and Shareholders' Equity | ||
| Current liabilities | ||
| Accounts payable | $ 726 | $ 563 |
| Accrued salaries, wages and related benefits | 336 | 214 |
| Other current liabilities | 596 | 525 |
| Current portion of long-term debt | 356 | 299 |
| Total current liabilities | 2,014 | 1,601 |
| Long-term debt, net | 2,257 | 2,214 |
| Deferred property incentives, net | 469 | 435 |
| Other liabilities | 267 | 201 |
| Shareholders' equity | ||
| Common stock, no par value | 1,066 | 997 |
| Retained earnings | 525 | 223 |
| Accumulated other comprehensive income (loss) | (19) | (10) |
| Total shareholders' equity | 1,572 | 1,210 |
| Total liabilities and shareholders' equity | $ 6,579 | $ 5,661 |
HINT: For Sales use "Total revenues" for your computations, when applicable.
(a) Compute net operating profit after tax (NOPAT) for 2010. Assume that the combined federal and statutory rate is: 37.0%. (Round your answer to the nearest whole number.)
(b) Compute net operating assets (NOA) for 2010 and 2009.
(c) Compute RNOA, net operating profit margin (NOPM), and net operating asset turnover (NOAT) for 2010. Do not use NOPM x NOAT to calculate RNOA. (Do not round until final answers. Round to two decimal places.)
(d) Compute net nonoperating obligations (NNO) for 2010 and 2009.
(e) Compute return on equity (ROE) for 2010. (Round your answers to two decimal places. Do not round until your final answer.)
(f) Infer the nonoperating return component of ROE for 2010. (Use answers from above to calculate. Round your answer to two decimal places.)
In: Accounting
For this assignment, you will research the innovation architecture of at least three companies that are well-known for successfully supporting a culture of innovation. Write a 1,500-word paper that addresses the following:
In: Mechanical Engineering
Malik is a doctor in the emergency department at Sacramento City Hospital. Malik is unmarried and has an 8-year-old daughter. In 2020, Malik's employer provided Malik with a $5,000 qualified disaster relief payment to help Malik pay for the cost of hiring a nanny when Malik's daughter's school was closed due to the Covid-19 pandemic. Malik still needed to work during this time, so it was necessary for him to secure alternate child care for his daughter. What amount of the $5,000 qualified disaster relief payment will Malik include in his 2020 gross income?
Numeric Response:
In: Accounting
A test of abstract reasoning is given to a sample of students before and after they completed a formal logic course. Assume that two dependent samples have been randomly selected from normally distributed populations. The results are given below. At the 0.05 significance level, use critical value method to test the claim that the mean score is not affected by the course. Does the course improve the students’ skill on abstract reasoning?
Before 74 83 75 88 84 63 93 84 91 77
After 73 77 70 77 74 67 95 83 84 75
In: Statistics and Probability
Method sandwiched returns true if num is in the
element before and after
an element that
is not equal to num
sandwiched([4,5,4,6,7,3], 4) returns true
sandwiched([2,1,2], 2)
returns true
sandwiched([3,3,3], 3)
returns false
sandwiched([4,5,6,4],
4) returns false
sandwiched([1,1,2,3,1,4,1], 1) returns true
@param nums Integer
ArrayList
@param num
integer
@return true if a
single number is between elements equal to num
*/
public static boolean
sandwiched(ArrayList<Integer> nums, int num)
{
return false;
}//end sandwiched
In: Computer Science