1. Consider a US company that imports German goods. What effect will a sudden depreciation of the dollar relative to the euro have on the P/E ratio of the U.S. company? Discuss the effect both the possibilities—the company being able to completely pass through the dollar depreciation to its customers and the company being unable to completely pass through the dollar depreciation to its customers. (5 points)

Rundell Corporation uses customers served as its measure of activity. The following report compares the planning budget to the actual operating results for the month of July. Wages and Supplies are purely variable costs while Insurance is all fixed cost. Miscellaneous expense is a mixed cost with $2,500 being the fixed component of the total amount planned.

Rundell Corporation

Comparison of Actual Results to Planning Budget

For the Month Ended July 31

Required: Using the Planning budget column and the assumptions above, determine the unit variable costs and the fixed costs needed to build the Flexible Budget then complete the Revenue and Spending Variances and the Activity Variances for each revenue and expense account and the appropriate totals. You may prepare the Flexible Budget amounts on a separate worksheet and submit, but it is not required.Round answers to whole amounts, use commas if necessary and no dollar signs.

Rundell Corporation

Flexible Budget Performance Report - Variances Only

For the Month Ended July 31

A telephone sales force can model its contact with customers as a Markov chain. The six states of the chain are as follows:
State 1 Sale completed during most recent call
State 2 Sale lost during most recent call
State 3 New customer with no history
State 4 During most recent call, customer’s interest level low State 5 During most recent call, customer’s interest level medium State 6 During most recent call, customer’s interest level high
Based on past phone calls, the following transition matrix has been estimated:
1100000 20 1 0 0 0 0 3 0.10 0.30 0 0.25 0.20 0.15
P  4 0.05 0.45 0 0.20 0.20 0.10
5 0.15 0.10 0 0.15 0.25 0.35
6 0.20 0.05 0 0.15 0.30 0.30 
a) For a new customer, determine the average number of calls made before the customer buys the product or the sale is lost.
b) What fraction of new customers will buy the product?
c) What fraction of customers currently having a high degree of interest will buy the
product?
d) Suppose a call costs 20 TL and a sale earns 200 TL in revenue. Determine the “value”
of each type of customer.

In Appendix B in your book there is a table of the ages of Best Actor and Best Actress Oscar award winners. Test the claim at � = 0.05 that proportion of male winners over age 40 is greater than the proportion of female winners over the age of 40.

a. State the proportion of Best Actors over age 40.

b. State the proportion of Best Actresses over age 40.

c. Perform the hypothesis test.

ACTRESSES
22
37
28
63
32
26
31
27
27
28
30
26
29
24
38
25
29
41
30
35
35
33
29
38
54
24
25
46
41
28
40
39
29
27
31
38
29
25
35
60
43
35
34
34
27
37
42
41
36
32
41
33
31
74
33
50
38
61
21
41
26
80
42
29
33
35
45
49
39
34
26
25
33
35
35
28
30
29
61
32
33
45
29
62
22
44
54

ACTORS
44
41
62
52
41
34
34
52
41
37
38
34
32
40
43
56
41
39
49
57
41
38
42
52
51
35
30
39
41
44
49
35
47
31
47
37
57
42
45
42
44
62
43
42
48
49
56
38
60
30
40
42
36
76
39
53
45
36
62
43
51
32
42
54
52
37
38
32
45
60
46
40
36
47
29
43
37
38
45
50
48
60
50
39
55
44
33

Jason Hope opened a hotel. Prepare journal entries and post to the appropriate T-accounts to record the following transactions. Compute the balance as of June 30 for each T-account Hope uses the accounts Room Rental Revenue and Event Revenue. All expenses for special events are recorded as Event Expense.

June 1 Hope invested $400,000 cash into the business

June 2 Hope purchased a hotel building for $800,000 and land for $100,000. Hope paid $250,000 in cash and signed note payable for $650,000.

June 3 Paid $6,000 for a six month insurance policy on the hotel.

June 5 Purchased supplies costing $4,000 on account.

June 10 Received advance payments of $12,000 from customers that will be staying at the hotel in July. Payments will be refunded if the customer cancels within 7 days of their scheduled arrival time.

June 14: Received cash payments of $13,000 from current customers staying at the hotel in June.

June 15 Paid $2,000 cash for staff salaries. June 16 Paid $500 for maintenance expense.

June 17: Received $10,000 payment for a wedding reception hosted that day.

June 18 Paid $2,500 for catering expenses.

June 18 Paid event expenses of $1,000 for table and chair rentals.

June 19 Paid event expenses of $2,000 for flowers.

June 24 Paid for the supplies purchased on June 5.

June 25 Recorded an additional $5,000 cash received from current hotel customers for June.

June 30 Paid $2,000 cash for staff salaries.

June 30 The owner withdrew $4,000 for personal use.

Las Vegas, Nevada

·       How do the 2005 cancer deaths in that state break down according to race?