Questions
Suppose a financial manager buys call options on 13,000 barrels of oil with an exercise price...

Suppose a financial manager buys call options on 13,000 barrels of oil with an exercise price of $74 per barrel. She simultaneously sells a put option on 13,000 barrels of oil with the same exercise price of $74 per barrel. What are her payoffs per barrel if oil prices are $66, $70, $74, $78, and $82? (Leave no cells blank - be certain to enter "0" wherever required. A negative answer should be indicated by a minus sign.)

In: Finance

The scores on a math test are normally distributed with a mean of 74 and a...

The scores on a math test are normally distributed with a mean of 74 and a standard deviation of 8. The test scores range from 0 to 100. Seven students had test scores between 82 and 98. Estimate the number of students who took the test.

In: Statistics and Probability

The mean of a population is 74 and the standard deviation is 16. The shape of...

The mean of a population is 74 and the standard deviation is 16. The shape of the population is unknown. Determine the probability of each of the following occurring from this population.

a. A random sample of size 32 yielding a sample mean of 78 or more
b. A random sample of size 130 yielding a sample mean of between 71 and 76
c. A random sample of size 219 yielding a sample mean of less than 74.7

(Round all the values of z to 2 decimal places and final answers to 4 decimal places.)

In: Statistics and Probability

The mean of a population is 74 and the standard deviation is 16. The shape of...

The mean of a population is 74 and the standard deviation is 16. The shape of the population is unknown. Determine the probability of each of the following occurring from this population.

a. A random sample of size 32 yielding a sample mean of 76 or more

b. A random sample of size 130 yielding a sample mean of between 72 and 76

c. A random sample of size 220 yielding a sample mean of less than 74.3

In: Math

A company should adjust pension expense for which type of revenue(s) accumulated in the pension fund?...

A company should adjust pension expense for which type of revenue(s) accumulated in the pension fund?

Select one:

a. Interest Revenue, but not Dividend Revenue

b. Dividend Revenue, but not Interest Revenue

c. Both Dividend Revenue and Interest Revenue

d. Neither Dividend Revenue nor Interest Revenue

In: Accounting

Company X database Create an ER Diagram using UML notation for the following tables, then write...

Company X database

Create an ER Diagram using UML notation for the following tables, then write out in the Relational model.

Company X is a manufacturing company that binds and sells books. They have hired you to create database to track their Employees, Products, customers and their orders. All employees work with book Binding, Only some are designated as Reps for customers. Reps may have many customers.

But each customer can only have 1 rep. They count to record each Books author, title, price, published year, publisher, and ISBN#

In: Computer Science

The WIX Company Civil Engineers consists of two divisions. The divisions are Water and Waste Water.

 

The WIX Company Civil Engineers consists of two divisions. The divisions are Water and Waste Water. The company sells engineering services to various customers. The following are the bill rates for the various staff classifications:

Vice President $200/hour

Senior Engineer $180/hour

Staff Engineer $150/hour.

The two divisions expect to bill the following hours:

Water- 10000 hours, vice president at 10% of the time, 30% of Senior Engineer time and remaining to Staff Engineers.

Waste Water- 6000 hours, vice president at 20% of the time, 20% of Senior Engineer time and remaining to Staff Engineers.

The Direct Labor costs per hours are as follows:

Vice President $80/hour

Senior Engineer $60/hour

Staff Engineer $40/hour.

The utilization for each staff members are as follows:

Vice President 60%

Senior Engineer 80%

Staff Engineer 90%.

The company has the following other costs:

Admin Salaries $90,000

Rent $100,000

Utilities $6,000

Benefits $76,000

Assume 20% of time for each staff member includes vacation and sick time. 2080 is the annual total work hours.

Project Part II:

(1). Prepare a static budget for the company.

(2). Assume that the actual utilization came in at the following rates:

VP-50% Senior-82% Staff-93%

Based on the above utilization, prepare a flexible budget and calculate the Level 2/3 variances.

(3). What recommendations can be made for the upcoming year in budgeting to the CFO for additional profitability and increasing revenue?

(4). What approaches would your recommendations to increase the company overall utilization of staff and billable hours?

(5). How will your recommendations impact customer profitability or divisional profitability?

(6). The company wants to add a new division. It will be the Construction Division with 3 people. Please discuss pros and cons of adding a division and when you might consider not to add the division.

In: Accounting

Gators technology CO. introduced a new Product X to the market on January 1, 201X. It...

Gators technology CO. introduced a new Product X to the market on January 1, 201X. It carries a one year warranty. In its first month on the market, Gators sold 1,000 Units of this product for a total of $1,000,000. CUstomers have an unconditional right to return in 90 days if they are not completely satisfied with the product. During the first month, customers returned 400 units of the new product that they had purchases for $400,000. Required : Determine when it would be appropriate for Gators to recognize revenue from the first month sales of this product. Base your evaluation on IAS 18.

In: Accounting

Journalize the March transactions. Use only accounts from the company's chart of accounts, which are cash,...

Journalize the March transactions. Use only accounts from the company's chart of accounts, which are cash, accounts receivable, prepaid insurance, equipment, accumulated depreciation-equipment, accounts payable, salaries payable, unearned service revenue, common stock, retained earnings, dividends, income summary, service revenue, salaries expense, utilities expense, insurance expense and depreciation expense. Omit journal entry descriptions.

Mar. 2 Stockholders invested $68,500 cash in the business in exchange for common stock of the corporation.

Mar. 3 Purchased equipement for $42,800 cash.

Mar. 6 Purchased a $2,700 1-year insurance policy on account.

Mar. 19 Sold 100 coupon books for $150 each in cash. Each book contains coupons that enable the holder to play one round of miniature golf or to hit one bucket of golf balls

Mar. 20 Received the month's utility bill for $780.

Mar. 25 Paid a $600 cash dividend.

Mar. 30 Performed golf services totaling $8,000 for customers on account.

31 1/12th of the insurance policy expired.

31 Equipment is depreciated at 1/10th of cost with no salvage value

31 36 coupon books were redeemed by customers during the month.

31 Accrued salaries are $2,230

[hint: totals = $101,490 for adjusted trial balance]

In: Accounting

Journalize the March transactions. Use only accounts from the company's chart of accounts, which are cash,...

Journalize the March transactions. Use only accounts from the company's chart of accounts, which are cash, accounts receivable, prepaid insurance, equipment, accumulated depreciation-equipment, accounts payable, salaries payable, unearned service revenue, common stock, retained earnings, dividends, income summary, service revenue, salaries expense, utilities expense, insurance expense and depreciation expense. Omit journal entry descriptions.

Mar. 2 Stockholders invested $68,500 cash in the business in exchange for common stock of the corporation.

Mar. 3 Purchased equipement for $42,800 cash.

Mar. 6 Purchased a $2,700 1-year insurance policy on account.

Mar. 19 Sold 100 coupon books for $150 each in cash. Each book contains coupons that enable the holder to play one round of miniature golf or to hit one bucket of golf balls

Mar. 20 Received the month's utility bill for $780.

Mar. 25 Paid a $600 cash dividend.

Mar. 30 Performed golf services totaling $8,000 for customers on account.

31 1/12th of the insurance policy expired.

31 Equipment is depreciated at 1/10th of cost with no salvage value

31 36 coupon books were redeemed by customers during the month.

31 Accrued salaries are $2,230

[hint: totals = $101,490 for adjusted trial balance]

In: Accounting