The academic paper by Martin, McNally, and Kay (2013) asserts that: Select one: Academic research on business start-ups does not help the aspiring entrepreneur. Academic research on business start-ups is useful for the aspiring entrepreneur. Ninety per cent of woman’s clothing stores fail within three years. None of the statements here are asserted by that academic paper.
In: Accounting
Suppose you are a Chief Financial Officer (CFO) of a UK based listed Part A - company. The company is currently trading at £10 per share and 10 million shares in issue. The total market value of the issued share capital of the company is £100 million. You have been requested to write a report to the board of directors with respect to raising an additional funding of £50 million to enable the next stage of development of international projects to be carried out. Note 2: For the report in Part A, it should critically review the advantages and disadvantages of the main funding options and have many appropriate academic references to strengthen your discussion. Further, your report should form the basis for a discussion at the next board meeting. In particular, you are required to include the different financing choices available through the equity and debt markets.
Part B - This additional funding will allow the business to become more global with the opportunity to develop a market in numerous countries with payment being made in the local currency. The directors are conservative in their attitude to risk. You have been requested to provide a report to the directors critically evaluating alternative derivatives including forwards, futures, options and swaps that are available in the market in order to minimize the risk with respect to payment in international currencies. : For the report in Part B. it should critically discuss and compare the use of derivatives including forwards, futures, options and swaps to hedge Foreign Exchange (FX) Risk. With reference to appropriate academic references, discussions must include: • how it works in mitigating FX risk. advantages and disadvantages of each type of derivative in managing FX risk.
Can you please assist in answering Part B in bold. thank you
In: Finance
You are an owner of Carrefour supermarket. You have made feature advertisings for last three years. You want to know the effectiveness of this feature advertising on store traffic(numbers of shoppers) in different week. In data set, you have: average numbers of shoppers, average numbers of feature advertising, and average price each week.
With the tables bellow it was done a REGRESSION model in Excel and you should interpret the results obtained from the equation based on the questions.
Q1. Consider a regression model (Model I) that has feature advertising as a single independent variable with intercept. Estimate your model and interpret your estimation results.
| Regression Statistics | ||||||||
| Multiple R | 0,53969388 | |||||||
| R Square | 0,29126948 | |||||||
| Adjusted R Square | 0,28666733 | |||||||
| Standard Error | 205,827509 | |||||||
| Observations | 156 | |||||||
| ANOVA | ||||||||
| df | SS | MS | F | Significance F | ||||
| Regression | 1 | 2681275,289 | 2681275,3 | 63,28992304 | 3,59619E-13 | |||
| Residual | 154 | 6524204,403 | 42364,964 | |||||
| Total | 155 | 9205479,692 | ||||||
| Coefficients | Standard Error | t Stat | P-value | Lower 95% | Upper 95% | Lower 95,0% | Upper 95,0% | |
| Intercept | 609,046483 | 19,25202773 | 31,635446 | 2,91178E-69 | 571,0143324 | 647,0786342 | 571,0143324 | 647,0786342 |
| feature | 9,48205612 | 1,191887424 | 7,9554964 | 3,59619E-13 | 7,127496744 | 11,83661549 | 7,127496744 | 11,83661549 |
Q2. Update above regression model (Model II) by adding an additional independent variable. average price in order to capture the effect of price promotion activities such as coupon during week. Estimate your model and interpret your estimation results. Do you think which model makes more sense between Model I and Model II? Why?
| Regression Statistics | ||||||||
| Multiple R | 0,547853773 | |||||||
| R Square | 0,300143756 | |||||||
| Adjusted R Square | 0,290995309 | |||||||
| Standard Error | 205,202155 | |||||||
| Observations | 156 | |||||||
| ANOVA | ||||||||
| df | SS | MS | F | Significance F | ||||
| Regression | 2 | 2762967,255 | 1381483,628 | 32,80816251 | 1,39052E-12 | |||
| Residual | 153 | 6442512,437 | 42107,92443 | |||||
| Total | 155 | 9205479,692 | ||||||
| Coefficients | Standard Error | t Stat | P-value | Lower 95% | Upper 95% | Lower 95,0% | Upper 95,0% | |
| Intercept | 960,3924697 | 252,9768793 | 3,796364602 | 0,000211191 | 460,6137971 | 1460,171142 | 460,6137971 | 1460,171142 |
| feature | 7,806303253 | 1,690984733 | 4,616424443 | 8,21304E-06 | 4,465610192 | 11,14699631 | 4,465610192 | 11,14699631 |
| price | -65,10617381 | 46,74276697 | -1,392860929 | 0,165682458 | -157,4507315 | 27,2383839 | -157,4507315 | 27,2383839 |
| year | month | week_id | shoppers | feature | price |
| 2001 | 200101 | 1 | 673 | 0 | 5,283581 |
| 2001 | 200101 | 2 | 225 | 2,75 | 5,485372 |
| 2001 | 200101 | 3 | 614 | 1,5 | 5,458567 |
| 2001 | 200101 | 4 | 537 | 41 | 4,496669 |
| 2001 | 200102 | 5 | 592 | 0 | 5,133277 |
| 2001 | 200102 | 6 | 984 | 11,75 | 4,792256 |
| 2001 | 200102 | 7 | 946 | 0 | 5,236702 |
| 2001 | 200102 | 8 | 830 | 0 | 5,391892 |
| 2001 | 200103 | 9 | 774 | 2 | 5,478373 |
| 2001 | 200103 | 10 | 1102 | 2 | 5,336039 |
| 2001 | 200103 | 11 | 605 | 2 | 5,456661 |
| 2001 | 200103 | 12 | 677 | 6 | 5,450694 |
| 2001 | 200104 | 13 | 509 | 0 | 5,633399 |
| 2001 | 200104 | 14 | 758 | 23,5 | 4,486229 |
| 2001 | 200104 | 15 | 888 | 22 | 4,546779 |
| 2001 | 200104 | 16 | 616 | 3 | 5,220925 |
| 2001 | 200104 | 17 | 952 | 33 | 4,702368 |
| 2001 | 200105 | 18 | 708 | 0 | 5,452373 |
| 2001 | 200105 | 19 | 701 | 0 | 5,387118 |
| 2001 | 200105 | 20 | 730 | 0 | 5,349753 |
| 2001 | 200105 | 21 | 708 | 0 | 5,462288 |
| 2001 | 200106 | 22 | 792 | 0 | 5,401755 |
| 2001 | 200106 | 23 | 345 | 18 | 4,612751 |
| 2001 | 200106 | 24 | 1109 | 18 | 4,358693 |
| 2001 | 200106 | 25 | 726 | 15,75 | 5,033526 |
| 2001 | 200107 | 26 | 687 | 19,5 | 5,280568 |
| 2001 | 200107 | 27 | 687 | 17,25 | 5,259636 |
| 2001 | 200107 | 28 | 584 | 0 | 5,463938 |
| 2001 | 200107 | 29 | 571 | 1 | 5,530473 |
| 2001 | 200107 | 30 | 689 | 6 | 5,546923 |
| 2001 | 200108 | 31 | 775 | 2 | 5,494922 |
| 2001 | 200108 | 32 | 556 | 2,5 | 5,451241 |
| 2001 | 200108 | 33 | 815 | 19,5 | 5,083509 |
| 2001 | 200108 | 34 | 720 | 33 | 4,340006 |
| 2001 | 200109 | 35 | 789 | 0 | 5,632332 |
| 2001 | 200109 | 36 | 659 | 2,25 | 5,235402 |
| 2001 | 200109 | 37 | 624 | 2 | 5,658558 |
| 2001 | 200109 | 38 | 595 | 0 | 5,615277 |
| 2001 | 200109 | 39 | 675 | 0 | 5,497289 |
| 2001 | 200110 | 40 | 921 | 21,25 | 4,682004 |
| 2001 | 200110 | 41 | 677 | 0 | 5,560798 |
| 2001 | 200110 | 42 | 954 | 33 | 4,933386 |
| 2001 | 200110 | 43 | 768 | 0 | 5,616354 |
| 2001 | 200111 | 44 | 667 | 0 | 5,613973 |
| 2001 | 200111 | 45 | 670 | 0 | 5,715224 |
| 2001 | 200111 | 46 | 858 | 1,5 | 5,730711 |
| 2001 | 200111 | 47 | 976 | 19 | 5,032326 |
| 2001 | 200112 | 48 | 733 | 4,5 | 5,676139 |
| 2001 | 200112 | 49 | 581 | 2,25 | 5,690723 |
| 2001 | 200112 | 50 | 603 | 0 | 5,675589 |
| 2001 | 200112 | 51 | 794 | 0 | 5,562544 |
| 2001 | 200112 | 52 | 1450 | 27 | 4,608759 |
| 2002 | 200201 | 53 | 654 | 0 | 5,770627 |
| 2002 | 200201 | 54 | 619 | 1,5 | 5,580953 |
| 2002 | 200201 | 55 | 703 | 0 | 5,646799 |
| 2002 | 200201 | 56 | 888 | 33 | 4,745466 |
| 2002 | 200202 | 57 | 691 | 0 | 5,723213 |
| 2002 | 200202 | 58 | 625 | 0 | 5,720224 |
| 2002 | 200202 | 59 | 485 | 1,5 | 5,879711 |
| 2002 | 200202 | 60 | 549 | 0 | 5,846466 |
| 2002 | 200203 | 61 | 606 | 0 | 5,921452 |
| 2002 | 200203 | 62 | 1017 | 18 | 4,716539 |
| 2002 | 200203 | 63 | 534 | 0 | 5,608539 |
| 2002 | 200203 | 64 | 467 | 0 | 5,876981 |
| 2002 | 200203 | 65 | 538 | 0 | 5,443104 |
| 2002 | 200204 | 66 | 201 | 0 | 5,789117 |
| 2002 | 200204 | 67 | 492 | 0 | 5,638577 |
| 2002 | 200204 | 68 | 1120 | 54 | 4,25556 |
| 2002 | 200204 | 69 | 666 | 2,5 | 5,491502 |
| 2002 | 200205 | 70 | 577 | 2 | 5,725875 |
| 2002 | 200205 | 71 | 565 | 3,75 | 5,654425 |
| 2002 | 200205 | 72 | 606 | 1,5 | 5,560462 |
| 2002 | 200205 | 73 | 700 | 17,5 | 5,266714 |
| 2002 | 200206 | 74 | 564 | 0 | 5,633777 |
| 2002 | 200206 | 75 | 1250 | 55,5 | 4,233248 |
| 2002 | 200206 | 76 | 727 | 0 | 5,382765 |
| 2002 | 200206 | 77 | 587 | 0 | 5,425247 |
| 2002 | 200206 | 78 | 532 | 0 | 5,626429 |
| 2002 | 200207 | 79 | 523 | 3 | 5,600956 |
| 2002 | 200207 | 80 | 566 | 0 | 5,584081 |
| 2002 | 200207 | 81 | 2210 | 10,5 | 5,629781 |
| 2002 | 200207 | 82 | 493 | 0 | 5,655822 |
| 2002 | 200208 | 83 | 897 | 0 | 5,555638 |
| 2002 | 200208 | 84 | 498 | 0 | 5,393614 |
| 2002 | 200208 | 85 | 534 | 0 | 5,545618 |
| 2002 | 200208 | 86 | 587 | 14,25 | 5,562061 |
| 2002 | 200209 | 87 | 1352 | 38,25 | 4,343809 |
| 2002 | 200209 | 88 | 654 | 0 | 5,12393 |
| 2002 | 200209 | 89 | 715 | 0 | 5,138755 |
| 2002 | 200209 | 90 | 422 | 0 | 5,746588 |
| 2002 | 200209 | 91 | 442 | 0 | 5,68457 |
| 2002 | 200210 | 92 | 485 | 0 | 5,685258 |
| 2002 | 200210 | 93 | 815 | 18,25 | 4,631718 |
| 2002 | 200210 | 94 | 580 | 0 | 5,768603 |
| 2002 | 200210 | 95 | 550 | 2,25 | 5,737655 |
| 2002 | 200211 | 96 | 546 | 1,5 | 5,725092 |
| 2002 | 200211 | 97 | 497 | 2,25 | 5,572455 |
| 2002 | 200211 | 98 | 853 | 21 | 4,699285 |
| 2002 | 200211 | 99 | 1049 | 0 | 4,516387 |
| 2002 | 200212 | 100 | 1003 | 0 | 4,465075 |
| 2002 | 200212 | 101 | 535 | 0 | 5,603925 |
| 2002 | 200212 | 102 | 831 | 18 | 4,799904 |
| 2002 | 200212 | 103 | 967 | 30 | 4,534664 |
| 2002 | 200212 | 104 | 116 | 0 | 4,716788 |
| 2003 | 200301 | 105 | 475 | 0 | 5,841979 |
| 2003 | 200301 | 106 | 253 | 0 | 5,973202 |
| 2003 | 200301 | 107 | 384 | 0 | 5,863129 |
| 2003 | 200301 | 108 | 785 | 27 | 4,649205 |
| 2003 | 200302 | 109 | 521 | 0 | 5,647313 |
| 2003 | 200302 | 110 | 507 | 0 | 5,665049 |
| 2003 | 200302 | 111 | 524 | 0 | 5,634733 |
| 2003 | 200302 | 112 | 1012 | 63,75 | 4,11654 |
| 2003 | 200303 | 113 | 903 | 0 | 4,424862 |
| 2003 | 200303 | 114 | 627 | 0 | 5,000606 |
| 2003 | 200303 | 115 | 454 | 0 | 5,729229 |
| 2003 | 200303 | 116 | 454 | 0 | 5,627445 |
| 2003 | 200303 | 117 | 996 | 48,5 | 4,306096 |
| 2003 | 200304 | 118 | 1120 | 33 | 4,346304 |
| 2003 | 200304 | 119 | 526 | 0 | 5,048175 |
| 2003 | 200304 | 120 | 529 | 0 | 4,975217 |
| 2003 | 200304 | 121 | 635 | 0 | 4,986016 |
| 2003 | 200305 | 122 | 641 | 0 | 4,948768 |
| 2003 | 200305 | 123 | 782 | 34,25 | 4,508325 |
| 2003 | 200305 | 124 | 620 | 7,5 | 4,796823 |
| 2003 | 200305 | 125 | 542 | 0 | 4,881494 |
| 2003 | 200306 | 126 | 984 | 36,75 | 4,448232 |
| 2003 | 200306 | 127 | 718 | 0 | 4,490682 |
| 2003 | 200306 | 128 | 592 | 0 | 4,957027 |
| 2003 | 200306 | 129 | 500 | 0 | 4,9821 |
| 2003 | 200306 | 130 | 856 | 26,25 | 4,445394 |
| 2003 | 200307 | 131 | 559 | 0 | 5,008426 |
| 2003 | 200307 | 132 | 365 | 0 | 4,886243 |
| 2003 | 200307 | 133 | 572 | 0 | 4,797745 |
| 2003 | 200307 | 134 | 745 | 40,5 | 3,891976 |
| 2003 | 200308 | 135 | 785 | 30 | 3,937432 |
| 2003 | 200308 | 136 | 522 | 0 | 4,773736 |
| 2003 | 200308 | 137 | 658 | 0 | 4,868519 |
| 2003 | 200308 | 138 | 514 | 0 | 4,857374 |
| 2003 | 200308 | 139 | 540 | 0 | 4,897981 |
| 2003 | 200309 | 140 | 985 | 28,5 | 4,239318 |
| 2003 | 200309 | 141 | 522 | 0 | 4,667165 |
| 2003 | 200309 | 142 | 515 | 0 | 4,707379 |
| 2003 | 200309 | 143 | 975 | 33,75 | 4,319703 |
| 2003 | 200310 | 144 | 582 | 3 | 5,138866 |
| 2003 | 200310 | 145 | 223 | 4 | 5,417828 |
| 2003 | 200310 | 146 | 575 | 1,75 | 5,136574 |
| 2003 | 200310 | 147 | 965 | 37,5 | 4,336062 |
| 2003 | 200311 | 148 | 659 | 6 | 4,778194 |
| 2003 | 200311 | 149 | 634 | 0 | 4,776562 |
| 2003 | 200311 | 150 | 733 | 30 | 4,632115 |
| 2003 | 200311 | 151 | 716 | 0 | 4,749567 |
| 2003 | 200311 | 152 | 542 | 0 | 5,604184 |
| 2003 | 200312 | 153 | 524 | 0 | 5,545878 |
| 2003 | 200312 | 154 | 801 | 20 | 4,696554 |
| 2003 | 200312 | 155 | 702 | 25 | 5,194544 |
| 2003 | 200312 | 156 | 649 | 0 | 5,14775 |
In: Statistics and Probability
You have the following information regarding AJH Company:
Sales 25,000 units per year at $45 per unit
Production 30,000 units in 2004
At the beginning of 2004 there was no inventory.
Direct Materials are $12.00 per unit
Direct labor is $10.00 per unit
Variable manufacturing overhead costs are $8.00 per unit
Fixed manufacturing overhead costs are $150,000 per year
Marketing costs are all variable at $3.00 per unit
Administrative costs are all fixed at $75,000 per year
Required:
(a.) Prepare an income statement under absorption costing for 2004
(b.) Prepare an income statement under variable costing for 2004
(c.) Prepare an income statement under throughput costing for 2004.
In: Accounting
3 BREXIT:
The financial risk increases significantly when the UK decide to leave the European Union. Use IS-LM model to analyze how the risk shock affects the real interest rate and the GDP in UK.
In: Economics
ACADEMIC FREEZE
EXPLAIN THE MORAL CONTEXT, THE PURPOSE And the CONSEQUENCES OF IMPOSING ACADEMIC FREEZE THIS SCHOOL YEAR?
EXPLAIN THE MORAL CONTEXT, THE MOTIVE AND THE ACT OF NOT IMPOSING ACADEMIC FREEZE THIS SCHOOL YEAR?
Thankyou. Essay type
In: Economics
IY1 Economics for Business Individual Course Work - Suggested Structure
Show an understanding of the requirements of the assignment by:
Economic Objectives of government include
In: Economics
| 1 | a | b | c |
| 2 |
Aspen Industries INCOME STATEMENT |
||
| 3 | |||
| 4 | 2004 | 2003 | |
| 5 | sales | 285000 | 190,000 |
| 6 |
cost of goods sold |
215000 | 143000 |
| 7 | g. profit | 70000 | 47000 |
| 8 | operating expenses | ||
| 9 | variable expenses | 28500 | 19000 |
| 10 | fixed exp. | 21000 | 20000 |
| 11 | depreciation | 10000 |
4500 |
| 12 | total | 59500 | 43500 |
| 13 | EBIT | 10500 | 3500 |
| 14 | INTEREST EXP. | 6100 | 3000 |
| 15 | EBT | 4400 | 500 |
| 16 | TAXES | 1540 | 175 |
| 17 | NET INCOME | 2860 | 325 |
| 18 | |||
| 19 | NOTE | ||
| 20 | TAX RATE | 35% | |
| 21 | PAYOUT RATON | 30% | |
| 22 | DIVIDENTS | 858 |
| A | b | c | |
| BALANCE SHEET | |||
| 4 | 2003 | 2004 | |
| 5 | ASSETS | ||
| 6 |
Cash |
4,000 |
9,000 |
| 7 |
Accounts Receivable |
16,000 |
12,500 |
| 8 |
Inventories |
42,500 |
29,000 |
| 9 | TOTAL C.A. | 62500 |
50,500 |
| 10 |
Land |
26,000 |
20,000 |
| 11 |
Buildings and Equipment |
100,000 |
70,000 |
| 12 |
Accumulated Depreciation |
(38,000) |
(28,000) |
| 13 |
Total Fixed Assets |
88,000 |
62,000 |
| 14 |
Total Assets |
150,500 |
112,500 |
| 15 | |||
| 16 |
Liabilities and Owner's Equity |
||
| 17 |
Accounts Payable |
22,298 |
10500 |
| 18 |
Short-term Bank Notes |
47,000 |
17000 |
| 19 |
Total Current Liabilities |
69,298 |
27,500 |
| 20 |
Long-term Debt |
22,950 |
28,750 |
| 21 |
Common Stock |
31,500 |
31,500 |
| 22 |
Retained Earnings |
26,752 |
24,750 |
| 23 |
Total Liabilities and Owner's Equity |
150,500 |
112,500 |
a. (6 points) Re-create the income statement and balance sheet using formulae wherever possible. Each statement should be on a separate worksheet. Try to duplicate the format exactly.
b. (4 points) On another worksheet, create a statement of cash flows for 2004. Do not enter any numbers directly on this worksheet. All formulae should be linked directly to the source on previous worksheets.
c. (1 point) Using Excel’s outlining feature, create an outline on the statement of cash flows that, when collapsed, shows only the subtotals for each section.
d. (2 points) Suppose that sales were $320,000 in 2004 rather than $285,000 (all other information remains unchanged). What is the 2004 net income and retained earnings?
e. (2 points) Undo the changes from Part d, and change the tax rate to 40% (all other information remains unchanged). What is the 2004 net income and retained earnings?
In: Accounting
SIU is a university in the UK catering for international students. There are currently 950 students. Fees were £16,000 for the last year and the president is concerned that adverse changes in the economic and educational environment are threatening the university’s future. The income of the market is expected to decline next year by 2%, and it is also expected that the average fee of competitive institutions will fall from £14,000 to £12,000. 10% of revenue is currently spent on promotion. The president does some research and estimates that the relevant demand elasticities are as follows:
PED = -1.6, YED = 2.2, AED = 1.8, CED = 0.8.
In: Economics
SIU is a university in the UK catering for international students. There are currently 950 students. Fees were £16,000 for the last year and the president is concerned that adverse changes in the economic and educational environment are threatening the university’s future. The income of the market is expected to decline next year by 2%, and it is also expected that the average fee of competitive institutions will fall from £14,000 to £12,000. 10% of revenue is currently spent on promotion. The president does some research and estimates that the relevant demand elasticities are as follows:
PED = -1.6, YED = 2.2, AED = 1.8, CED = 0.8.
In: Economics