Questions
Currently, financial reporting does not take into account changes in prices, either at the general level...

Currently, financial reporting does not take into account changes in prices, either at the general level or at the specific level. Many analysts believe that not taking price changes into account distorts the meaningfulness of financial reports. Explain how changing prices affect financial reports

In: Finance

Do you think that if you were a CFO of a company that you could look...

Do you think that if you were a CFO of a company that you could look at your cash flow statement and make changes in your business? What questions would you ask about a cash flow statement that would lead to changes in a business? 

In: Finance

The automotive industry has witnessed substantial changes in channels of distribution. What are the fundamental reasons...

The automotive industry has witnessed substantial changes in channels of distribution. What are the fundamental reasons such as consumer behavior, competition, or technology (or others) for this change? Of the fundamental reasons stated for the changes to channels of distribution, what do you see as being the most significant and why?

In: Economics

What conclusion can we draw from the customer profit analysis? Advise the management of the Floral...

  1. What conclusion can we draw from the customer profit analysis? Advise the management of the Floral Art Company as to whether any changes should be made in its relationships with customers. Advise Hector as to how he should go about executing these changes.

In: Accounting

Describe the changes in sexuality from puberty through late adulthood. Describe how a person's definition and...

Describe the changes in sexuality from puberty through late adulthood. Describe how a person's definition and experience of sexuality and intimacy often fluctuates throughout his or her lifespan. What are some of the influences as it relates to "changes in sexuality from puberty to late adulthood"?

In: Psychology

The attached Excel sheet contains data on annual returns on IBM and 3M stocks over the...

The attached Excel sheet contains data on annual returns on IBM and 3M stocks over the period 1990-2002, as well as annual returns on S&P 500 Index and one-year U.S. Treasury bills for this period. You are asked to evaluate performance of IBM and 3M stocks using the CAPM’s Security Market Line with S&P 500 Index as proxy for the market return.

(i) Compute the annual excess returns of IBM, 3M, and the S&P 500.

(ii) Use Excel to compute regression coefficients of IBM excess returns on S&P 500 excess returns. More precisely, use Excel functions SLOPE and INTERCEPT to compute the slope and the intercept of the regression. The slope is the estimate of IBM’s beta. If the intercept is positive, IBM stock has “overper- formed”. Otherwise, it has “underperformed”. Which way is it? Use RSQ

function to find the regression’s R2.

(iii) Do the same calculations for 3M stock as for IBM in part (ii). How has 3M

stock performed over the time period 1990-2002?

    Date S&P 500 IBM 3M 1-year T-bill
Dec-90 -3.1 17.46 11.3 7.89
Dec-91 30.47 -23.87 14.04 5.86
Dec-92 7.62 -56.85 8.81 3.89
Dec-93 10.08 11.4 10.85 3.43
Dec-94 1.32 26.33 1.49 5.32
Dec-95 37.58 21.75 25.03 5.94
Dec-96 22.96 50.59 25.04 5.52
Dec-97 33.36 32.28 1.2 5.63
Dec-98 28.58 56.67 -11.7 5.05
Dec-99 21.04 15.71 34.43 5.08
Dec-00 -9.1 -23.83 20.79 6.11
Dec-01 -11.89 35.28 -1.92 3.49
Dec-02 -22.1 -44.11 4.22 2

Annual returns on S&P 500 Index, IBM stock, 3M stock, and 1-year US T-bill rates. S&P 500 is a proxy

for market return; T-bill rates are for risk-free rates

in respective years.

In: Finance

Sainsbury's is the second largest chain of supermarkets in the United Kingdom. The have expanded internationally...

Sainsbury's is the second largest chain of supermarkets in the United Kingdom. The have expanded internationally and have recently also opened stores in Egypt. However, Sainsbury has since experienced a variety of issues with the Egyptian market. As business development analyst you only see the three follow- ing options for Sainsbury’s business in Egypt:

Today is December 31, 2000. Suppose you have the following information about the financial implications of Sainsbury’s three strategic options.

Option 1: Scale down operations
Sainsbury’s immediately starts to scale down its operations and plans to eventually leave the Egyptian market effective as of Jan. 01, 2006 (i.e. after 5 more years). At the end of 2001, Sainsbury’s operations in Egypt are projected to generate a loss of £6 million. However, due to the effects of scaling down operations and a number of efficiency increases, Sains- bury’s estimates a profit of £7,2 million at the end of 2002, which is then expected to decrease by 3% on a yearly basis until Dec. 31, 2005. All fore- casts for this option are based on assumptions and considered as risky.

Option 2: New local partners
The NPV of acquiring new local partners has already been calculated for you: £12 million

Option 3: Sell business entirely
Sainsbury’s immediately sells its Egyptian operations to a local investor. The local investor is willing to pay a total £15 million, in three parts of £10 million (today) and £4 million (on Dec. 31, 2001) and £1 million (on Dec. 31, 2002). Since the local investor has also presented a bank guarantee for the whole acquisition price (issued by a well-known British bank), op- tion 3 is considered to be risk-free.

The risk-free interest rate is 1% EAR. Sainsbury’s continuing operations in Egypt are seen as risky and the appropriate risk premium is 8%.

  1. Calculate the net present values (NPVs) of options 1 and 3 indicated above. (4 pts)

  2. Clearlyindicatewhichoption(Option1,Option2orOption3)shouldbe chosen by Sainsbury’s management, and explain the reasons for your choice in two or three sentences – use technical terminology as needed. (1 pts)

In: Finance

data year state realbeertax mwdef pc_perinc pop1620 ur1620_r ANYBAC26 NOBAC26 NOBAC1620 ANYBAC1620 1998 1 0.639528 6.21428...

data

year state realbeertax mwdef pc_perinc pop1620 ur1620_r ANYBAC26 NOBAC26 NOBAC1620 ANYBAC1620
1998 1 0.639528 6.21428 22025 330397 13.46843 260.8 402.2 117.2 42.8
1999 1 0.630308 6.124692 22722 329695 14.9065 258.6 420.4 119.9 41.1
2000 1 0.617784 6.002995 23767 327992 16.51312 255.5 359.5 114.4 38.6
2001 1 0.603291 5.862171 24740 321840 17.4932 222 389 113.1 36.9
2002 1 0.592925 5.761446 25461 315225 16.43963 231.4 402.6 98.7 40.3

Use R Studio. (you just need to write R code)

year = year state = A code identifying the relevant U.S. state realbeertax = the state tax per gallon of beer sold pc_perinc = personal income per person pop1620 = population ages 16-20 ur1620_r = unemployment rate among people age 16-20 (in percent) ANYBAC26 = number of fatal accidents involving alcohol among people age 26 and up ANYBAC1620 = number of fatal accidents involving alcohol among people age 16-20 NOBAC26 = number of fatal accidents not involving alcohol among people age 26 and up NOBAC1620 = number of fatal accidents not involving alcohol among people age 16-20 mwdef = minimum wage (in 2006 dollars)

1, Create a new variable that is equal to the log of personal income per person (pc_perinc).

2,Note that this dataset includes observations from all states and from all years between 1998 and 2002. For simplicity, let’s focus on one year: 2001. Create a new object consisting of the data only for 2001

3,We now have a cross-sectional dataset that includes several quantitative variables. One question we might ask is, what is the relationship between (the log of) personal income per capita and a state’s minimum wage? Create a graph that would let you evaluate this relationship visually


4, Use R to calculate the correlation between the two variables you plotted in question 5.

In: Statistics and Probability

All work must be done in R programing. Consider this dataset provided to you as prob10.txt...

All work must be done in R programing. Consider this dataset provided to you as prob10.txt c1 t1 c2 t2 c3 t3 c4 t4 2650 3115 2619 2933 2331 2799 2750 3200 1200 1101 1200 1309 1888 1901 1315 980 1541 1358 1401 1499 1256 1238 1625 1421 1545 1910 1652 2028 1449 1901 1399 2002 1956 2999 2066 2880 1777 2898 1999 2798 1599 2710 1754 2765 1434 2689 1702 2402 2430 2589 2789 2899 2332 2300 2250 2741 1902 1910 2028 2100 1888 1901 2000 1899 1530 2329 1660 2332 1501 2298 1478 2287 2008 2485 2104 2871 1987 2650 2100 2520 (2) Read it in and set the row names to “Gene 1” through “Gene 10” It should look like this in R > prob10 c1 t1 c2 t2 c3 t3 c4 t4 Gene 1 2650 3115 2619 2933 2331 2799 2750 3200 Gene 2 1200 1101 1200 1309 1888 1901 1315 980 Gene 3 1541 1358 1401 1499 1256 1238 1625 1421 Gene 4 1545 1910 1652 2028 1449 1901 1399 2002 Gene 5 1956 2999 2066 2880 1777 2898 1999 2798 Gene 6 1599 2710 1754 2765 1434 2689 1702 2402 Gene 7 2430 2589 2789 2899 2332 2300 2250 2741 Gene 8 1902 1910 2028 2100 1888 1901 2000 1899 Gene 9 1530 2329 1660 2332 1501 2298 1478 2287 Gene 10 2008 2485 2104 2871 1987 2650 2100 2520 (3 )Perform a one-sample t-test to compare the hypothesis that the mean of the control expression values is 2000.

In: Math

In C# please and thanks so much, Create an Employee class with five fields: first name,...

In C# please and thanks so much,

Create an Employee class with five fields: first name, last name, workID, yearStartedWked, and initSalary. It includes constructor(s) and properties to initialize values for all fields.

Create an interface, SalaryCalculate, class that includes two functions: first,CalcYearWorked() function, it takes one parameter (currentyear) and calculates the number of year the worker has been working. The second function, CalcCurSalary() function that calculates the current year salary.

Create a Worker classes that is derived from Employee and SalaryCalculate class.

  • In Worker class, it includes two field, nYearWked and curSalary, and constructor(s). It defines the CalcYearWorked() function using (current year – yearStartedWked) and save it in the nYearWked variable. It also defines the CalcCurSalary() function that calculates the current year salary by using initial salary with 3% yearly increment.

Create a Manager class that is derived from Worker class.

  • In Manager class, it includes one field: yearPromo and constructor(s). Itincludes a CalcCurSalary function that calculate the current year salary by overriding the base class function using initial salary with 5% yearly increment plus 10% bonus. The manager’s salary calculates in two parts. It calculates as a worker before the year promoted and as a manager after the promotion.

Write an application that reads the workers and managers information from files (“worker.txt” and “manager.txt”) and then creates the dynamic arrays of objects. Prompt the user for current year and display the workers’ and managers’ current information in separate groups: first and last name, ID, the year he/she has been working, and current salary.

Please make streamreader read text from file and the new line so that the text files stay original.

TEXT FILES:

worker.txt

Hector
Alcoser
A001231
1999
24000
Anna
Alaniz
A001232
2001
34000
Lydia
Bean
A001233
2002
30000
Jorge
Botello
A001234
2005
40000
Pablo
Gonzalez
A001235
2007
35000

manager.txt

Sam
Reza
M000411
1995
51000
2005
Jose
Perez
M000412
1998
55000
2002
Rachel
Pena
M000413
2000
48000
2010

In: Computer Science