Questions
For patients who have been given a diabetes test, blood-glucose readings are approximately normally distributed with...

For patients who have been given a diabetes test, blood-glucose readings are approximately normally distributed with mean 128 mg/dl and a standard deviation 10 mg/dl. Suppose that a sample of 4 patients will be selected and the sample mean blood-glucose level will be computed.

Enter answers rounded to three decimal places. According to the empirical rule, in 95 percent of samples the SAMPLE MEAN blood-glucose level will be between the lower-bound of _____ and the upper-bound of _____

In: Math

Pelamed Pharmaceuticals had EBIT of $ 475 million in 2018. In​ addition, Pelamed had interest expenses...

Pelamed Pharmaceuticals had EBIT of $ 475 million in 2018. In​ addition, Pelamed had interest expenses of $ 205 million and a corporate tax rate of 21 %.
a. What is​ Pelamed's 2018 net​ income?

The 2018 net income is ​$____million.  ​(Round to the nearest​ integer.)


b. What is the total of​ Pelamed's 2018 net income plus interest​ payments?

The total of​ Pelamed's 2018 net income plus interest payments is ​$___ million.


c. If Pelamed had no interest​ expenses, what would have been its 2018 net​ income? How does it compare to your answer in part ​(a​)?

The 2018 net income would be ​$____ million.


The 2018 net income with no interest expense is ​$_____ million ___(higher/lower)____ than the 2018 net income with interest​ expense,

d. What is the amount of​ Pelamed's interest tax shield in 2018​?

​Pelamed's interest tax shield in 2018 is ​$____ million.

In: Finance

Compute the future value of $2000 compounded forward for 7 years at a rate of 16...

Compute the future value of $2000 compounded forward for 7 years at a rate of 16 percent compounded annually, and then at 16 percent compounded quarterly.

In: Finance

How Medical Ethics Differ in Asian Countries Compared to African Countries. Write an essay and elaborate...

How Medical Ethics Differ in Asian Countries Compared to African Countries. Write an essay and elaborate in detail up to max of 2000 words.

In: Nursing

You are to propose a recommendation to lease the 2000 square foot space. What would you...

You are to propose a recommendation to lease the 2000 square foot space. What would you use it for and would it provide a positive return on investment?

In: Finance

Chinese furniture industry do the national or international market analysis of trading of the Chinese furniture...

Chinese furniture industry do the national or international market analysis of trading of the Chinese furniture industry .write less than 2000 words

In: Economics

iii. Explain the impact of the new monetary policy actions on individuals and businesses within the...

iii. Explain the impact of the new monetary policy actions on individuals and businesses within the economy by integrating the macroeconomic data and principles for 2000-2010.

In: Economics

Discuss the summary of “Journal of Materials Processing Technology 106(2000) 173-183, Advances in materials applied in...

Discuss the summary of “Journal of Materials Processing Technology 106(2000) 173-183, Advances in materials applied in civil engineering K. Flaga

In: Civil Engineering

HB ltd has been experiencing dwindling sales in its business operations due to competitions from other...

HB ltd has been experiencing dwindling sales in its business operations due to competitions from other agents dealing in communication equipment. On 1 January 2006, HB Ltd decided to diversify its operations to the information technology (IT) industry by acquiring SL Ltd, a company dealing in the manufacture of IT equipment and software design.

The summarized financial statements of HB Ltd and SL Ltd were as follows:

Income statement for the year ended 30September 2006

HB Ltd

SL LTd

Sh"000"

Sh"000"

Revenue

60,000

24,000

Cost of sales

    (42,000.0)

    (20,000.0)

Gross profit

18,000

4,000

Other income:

Interest received

75

-

Dividend received

400

-

(18,475)

(4000)

Expenses:

Distribution costs

       (3,500.0)

          (100.0)

Administrative expenses

       (2,500.0)

          (100.0)

Finance costs

-

          (200.0)

Profit before tax

12,475

         3,600.0

Income tax expense

       (3,000.0)

          (600.0)

Profit after tax

         9,475.0

         3,000.0

Statement of financial position as at 30 September 2006

HB Ltd

SL LTd

Sh"000"

Sh"000"

Non current assets:

Property, plant and equipment

19,320

8000

Investments

11,280

-

30,600

8000

Current assets:

Inventories

5000

3000

Account receivables

4200

3400

Cash at bank

5800

1600

15000

8000

Total assets

      45,600                 

    16,000

Equity and liabilities:

Ordinary shares of sh.10 each

10000

2000

Retained earnings

25600

8400

35600

10400

Non current liability

10% debentures

-

2000

Current liabilities

Account payable

7,500

3,200

Current tax                                                      

                2500                                  

     400

                                                       10,000        3,600

Total equity and liabilities            45,600        16,000

Additional information:

  1. HB ltd acquired 80% of ordinary share capital of SL ltd for sh. 10,280,000 and also acquired half of the 10% debentures in the company.
  2. The fair value of the assets of SL Ltd at the date of acquisition were the same as their book values except for plant whose fair value were more by sh. 3.2 million. As at 1 January 2006, the plant had a remaining useful life of four years. SL Ltd depreciates plant on straight line basis on cost.
  3. During the post-acquisition period, HB Ltd sold goods to SL Ltd for sh 12 million. These goods had a cost HB Ltd sh 9 million. Subsequently, SL Ltd sold some of the goods purchased from HB at sh 10 million for 15 million.
  4. On 30 June 2006, HB Ltd and SL Ltd paid dividends of sh 1000,000 and 500,000 respectively.
  5. Included in the account receivables and payables is sh 750,000 being the amount SL Ltd owed HB Ltd.
  6. Goodwill is considered to be impaired by 25% as at September 2006. Goodwill impairment is classified as an administrative expense by the group company.

Required

  1. Group Income statement for the year ended 30 September 2006.
  2. Group Statement of financial position as at 30 September 2006.

In: Accounting

Recently, the effects from Accounting Standards Update 2014-09 Revenue from Contracts with Customers (Topic 606) have...

Recently, the effects from Accounting Standards Update 2014-09 Revenue from Contracts with Customers (Topic 606) have been seen in most public firms. While many firms indicated that adoption of the new revenue recognition principle had no effect upon the timing of their revenue recognition, some firms indicated the new principle had significant effects upon their statements. For the firms where the new principle affected the timing of revenue, did the new revenue recognition principle speed or slow revenue recognition. Explain.

In: Accounting