Questions
The annual precipitation measurements (Pi in cm) for M city, over a 20year period are shown...

  1. The annual precipitation measurements (Pi in cm) for M city, over a 20year period are shown in the following table. Determine the mean, standard deviation, and skew coefficient for this series.

Year

Pi(cm)

Year

Pi(cm)

1999

44.2

2010

39.2

2000

47.6

2011

38.3

2001

38.5

2012

46.1

2003

35.8

2013

33.1

2004

40.2

2014

35.0

2005

41.2

2015

39.3

2006

39.8

2016

42.0

2007

39.7

2017

41.7

2008

40.5

2019

37.7

2009

42.5

2019

36.6

  1. Annual precipitation measurements (Pi in cm) for M City, were given in Problem 1. Determine the magnitude of the 10-year precipitation depth if the data fit:

  1. the normal distribution.
  2. the Gumbel distribution.

How many times was the P10 (normal) exceeded in the 20-year annual precipitation record given in Problem 1?

In: Civil Engineering

The annual precipitation measurements (Pi in cm) for M city, over a 20year period are shown...

  1. The annual precipitation measurements (Pi in cm) for M city, over a 20year period are shown in the following table. Determine the mean, standard deviation, and skew coefficient for this series.

Year

Pi(cm)

Year

Pi(cm)

1999

44.2

2010

39.2

2000

47.6

2011

38.3

2001

38.5

2012

46.1

2003

35.8

2013

33.1

2004

40.2

2014

35.0

2005

41.2

2015

39.3

2006

39.8

2016

42.0

2007

39.7

2017

41.7

2008

40.5

2019

37.7

2009

42.5

2019

36.6

  1. Determine the mean, standard deviation, and skew coefficient for the log values of annual rainfall for M City, given in Problem 1. Also determine the mean precipitation (in cm) of the log-transformed data.

please clarify each step of he solution and do not use Microsoft Excel

In: Civil Engineering

Willy Wagtail Company has $4,000,000 of 12% bonds outstanding on December 31, 2004 with unamortized premium...

Willy Wagtail Company has $4,000,000 of 12% bonds outstanding on December 31, 2004 with unamortized premium of $120,000. These bonds pay interest semiannually on January 1 and July 1 and mature on January 1, 2010. Straight-line amortization is used.

Garden Inc., 80%-owned subsidiary of Willy Wagtail, buys $1,000,000 par value of Willy Wagtail’s outstanding bonds in the market for $980,000. There is only one issue of outstanding bonds of the affiliated companies and they have consolidated financial statements.

For the year 2005, Willy Wagtail has income from its separate operations (excluding investment income) of $4,500,000 and Garden reports net income of $600,000.

Required: Determine the following:

1.

Noncontrolling interest expense for 2005.

2.

Consolidated net income for Willy Wagtail Company and subsidiary for 2005.

Please with the explain

In: Accounting

Willy Wagtail Company has $4,000,000 of 12% bonds outstanding on December 31, 2004 with unamortized premium...

Willy Wagtail Company has $4,000,000 of 12% bonds outstanding on December 31, 2004 with unamortized premium of $120,000. These bonds pay interest semiannually on January 1 and July 1 and mature on January 1, 2010. Straight-line amortization is used.

Garden Inc., 80%-owned subsidiary of Willy Wagtail, buys $1,000,000 par value of Willy Wagtail’s outstanding bonds in the market for $980,000. There is only one issue of outstanding bonds of the affiliated companies and they have consolidated financial statements.

For the year 2005, Willy Wagtail has income from its separate operations (excluding investment income) of $4,500,000 and Garden reports net income of $600,000.

Required: Determine the following:

1.

Noncontrolling interest expense for 2005.

2.

Consolidated net income for Willy Wagtail Company and subsidiary for 2005.

what the information you need

In: Accounting

6. The public debt - Ownership The following table contains approximate figures for gross domestic product...

6. The public debt - Ownership

The following table contains approximate figures for gross domestic product (GDP) and the national debt in the United States for June 2005 and June 2010. The national debt represents the total amount of money owed by the federal government to holders of U.S. securities. All numbers are in trillions of dollars.

GDP

Total National Debt

Debt Held by

Debt Held Outside Fed. Govt. and Fed. Reserve

(Trillions of Dollars)

(Trillions of Dollars)

Federal Government

Foreign Ownership

U.S. Ownership

and Federal Reserve

(Trillions of Dollars)

(Trillions of Dollars)

(Trillions of Dollars)

June 2005 12.3 7.8 4.0 1.9 1.9
June 2010 14.5 13.2 4.6 4.0 4.6

Source: “U.S. Treasury, Bureau of Economic Analysis.”

Publicly held debt is the portion of the national debt that is held outside the federal government and the Federal Reserve System. In June 2005, the publicly held debt as a percentage of total national debt was - choose one - 48.7% , 49 %, 53.8%, 49.5%

In June 2005, the percentage of the U.S. national debt held by foreigners was choose one - 26.5%, 24.9%, 24.4%, 25.8%

The fraction of the national debt held by foreigners will eventually need to be repaid to foreigners, thereby reducing the collective purchasing power of Americans. Between 2005 and 2010, the fraction of the national debt held by foreigners choose one - decreased or increased

The absolute level of the debt does not necessarily provide a clear indication of a nation's debt burden. Thus, economists often look at relative measures of the national debt. One possible relative measure of the national debt is the federal debt held by the public (outside the federal government and the Federal Reserve) as a percentage of GDP. In 2005, publicly held debt was CHOOSE ONE - 50.5%, 46.2%, 51%. 30.9%   of GDP. Between 2005 and 2010, publicly held debt as a percentage of GDP choose one - decreased or increased

In: Economics

Spartan Limited is a publicly traded company on the Toronto Stock Exchange. The company sponsors a...

Spartan Limited is a publicly traded company on the Toronto Stock Exchange. The company
sponsors a defined benefit pension plan for all its employees, and the controller provides you with
the following data that relate to the plan for fiscal 2019:
1. On January 1, 2019, the company's defined benefit obligation was $1,050,000, and the fair
value of pension plan assets was $950,000.
2. The plan assets generated a return of $98,000 during the year, and Spartan's discount rate
was 10%.
3. The current service cost is determined using a formula based on the employees’ payroll
and was calculated to be $83,000.
4. Spartan made a cash contribution of $150,000 to the plan assets on December 31, 2019.
5. Benefits of $80,000 were paid in 2019. Assume these payments were made a year end.
6. In late December 2019, an actuarial revaluation of the defined benefit obligation
establishes that the defined benefit obligation should be 1,200,000.

In: Accounting

Spartan Limited is a publicly traded company on the Toronto Stock Exchange. The company sponsors a...

Spartan Limited is a publicly traded company on the Toronto Stock Exchange. The company sponsors a defined benefit pension plan for all its employees, and the controller provides you with the following data that relate to the plan for fiscal 2019:

1. On January 1, 2019, the company's defined benefit obligation was $1,050,000, and the fair value of pension plan assets was $950,000.

2. The plan assets generated a return of $98,000 during the year, and Spartan's discount rate was 10%

3. The current service cost is determined using a formula based on the employees’ payroll and was calculated to be $83,000.

4. Spartan made a cash contribution of $150,000 to the plan assets on December 31, 2019.

5. Benefits of $80,000 were paid in 2019. Assume these payments were made a year end.

6. In late December 2019, an actuarial revaluation of the defined benefit obligation establishes that the defined benefit obligation should be 1,200,000.

Instructions 3.1 :

Prepare the journal entry(ies) to record pension expense and the employer's payment to the pension trustee in 2019.

3.2 Determine the plan's surplus or deficit position and the balance of the Net Defined Benefit Liability/Asset account at January 1, 2019 and at December 31, 2019.

3.3 Give an example of what could have caused the actuarial loss?

3.4 What would have been the pension expense for 2019 if Spartan had a defined contribution plan instead?

In: Accounting

Express Chemical Company is a publicly traded company that has been operating at a profit for...

Express Chemical Company is a publicly traded company that has been operating at a profit for years.

Its officers (all of whom are stockholders) are concerned about the prospects of the company. Customers and employees claiming that toxic chemicals produced by the company caused their health problems have sued many similar firms. Lawsuits have yet been filed against Express, but the officers fully expect them to be filed within the next two years.

The officers hold 70% of the stock and estimate that their total stockholdings have a current market value of about $8 million (although its value would be much lower if all the facts were known). They are worried that if suits are filed and the company loses, there will not even be enough remaining assets to satisfy creditors' claims, and the officers' stock would be worthless. Private legal counsel informed the officers that the company is likely to lose any suits that are filed.

One of the officers suggested that they could at least receive something for their stock by having the company buy half of the shares held by the officers at a total price of $4 million. Another officer asked if such a treasury stock transaction would be legal. The response was that the transaction would be legal and retained earnings would be reduced to a zero balance. However, there would not be a debit balance because of the transaction.

If you were one of the officers, would you feel comfortable engaging in this proposed treasury stock transaction? Briefly explain.

What are your ethical responsibilities, if any, as they relate to the proposed treasury stock transaction?

In: Accounting

Beta company is a publicly traded company, with 20 million shares trading at $ 70 a...

Beta company is a publicly traded company, with 20 million shares trading at $ 70 a share and $ 600 million in debt (market value as well as book value) outstanding. The firm derives 70% of its value from cloud storage and hosting, and the remaining 30% from technical service. The unlevered beta is 0.8 for firms in the cloud business and 1.2 for firms in the technical service business. Beta company is rated A and can borrow money at 5%. The risk-free rate is 2% and the market risk premium is 8%; the corporate tax rate is 30%, and the firm has a capital gains tax rate of 20%.

1. Estimate the cost of capital for Beta Company

2. Beta Company is considering acquiring Alpha Company, another cloud hosting company (which derives 100% of its revenues from hosting) for $ 350 million, three quarters of which it plans to fund by a new debt issue (which will cause its rating to drop and its cost of debt to rise to 5.5%) and a quarter by issuing new stock. Estimate the cost of capital after the acquisition.

In: Finance

Analysis and Interpretation of Profitability Balance sheets and income statements for Target Corporation follow. Income Statement...

Analysis and Interpretation of Profitability
Balance sheets and income statements for Target Corporation follow.

Income Statement
For Fiscal Years Ended ($ millions) 2006 2005 2004
Sales $ 51,271 $ 45,682 $ 40,928
Credit card revenues 1,349 1,157 1,097
Total revenues 52,620 46,839 42,025
Cost of sales 34,927 31,445 28,389
Selling, general and administrative expenses 11,185 9,797 8,657
Credit card expenses 776 737 722
Depreciation and amortization 1,409 1,259 1,098
Earnings before interest and income taxes 4,323 3,601 3,159
Net interest expense 463 570 556
Earnings before income taxes 3,860 3,031 2,603
Provisions for income taxes 1,452 1,146 984
Net earnings $ 2,408 $ 1,885 $ 1,619
Balance Sheet
($ millions, except footnotes) January 28, 2006 January 29, 2005
Assets
Cash and cash equivalents $ 1,648 $ 2,245
Credit card receivables 5,666 5,069
Inventory 5,838 5,384
Other current assets 1,253 1,224
Total current assets 14,405 13,922
Property and equipment
Land 4,449 3,804
Buildings and improvements 14,174 12,518
Fixtures and equipment 3,219 2,990
Computer hardware and software 2,214 1,998
Construction-in-progress 1,158 962
Accumulated depreciation (6,176) (5,412)
Property and equipment, net 19,038 16,860
Other noncurrent assets 1,552 1,511
Total assets $ 34,995 $ 32,293
Liabilities and shareholders' investment
Accounts payable $ 6,268 $ 5,779
Accrued and other current liabilities 2,567 1,937
Current portion of long-term debt and notes payable 753 504
Total current liabilities 9,588 8,220
Long-term debt 9,119 9,034
Deferred income taxes 851 973
Other noncurrent liabilities 1,232 1,037
Shareholders' investment
Common stock 73 74
Additional paid-in-capital 2,121 1,810
Retained earnings 12,013 11,148
Accumulated other comprehensive income (loss) (2) (3)
Total shareholders' investment 14,205 13,029
Total liabilities and shareholders' equity $ 34,995 $ 32,293


a. Compute ROE for 2006.

Do not round until your final answer. Round answers to two decimal places.

ROE =Answer%

b. Confirm that ROE equals ROE computed using the component measures for profit margin, asset turnover, and financial leverage using: ROE = PM * AT * FL.

   Compute the components of ROE.

   Do not round until your final answer. Round answers to two decimal places.

   PM = Answer%
    AT = Answer
    FL = Answer

c. Compute adjusted ROA. Assume a tax rate of: 38.3%.

Do not round until your final answer. Round your answer to two decimal places.
Adjusted ROA =Answer%

In: Accounting