The head of the accounting department at a major software
manufacturer has asked you to put together a pro forma statement of
the company's value under several possible growth scenarios and the
assumption that the company’s many divisions will remain a single
entity forever. The manager is concerned that, despite the fact
that the firm’s competitors are comparatively small, collectively
their annual revenue growth has exceeded 50 percent over each of
the last five years. She has requested that the value projections
be based on the firm’s current profits of $5.2 billion (which have
yet to be paid out to stockholders) and the average interest rate
over the past 20 years (6 percent) in each of the following profit
growth scenarios:
a. Profits grow at an annual rate of 7 percent. (This one is
tricky.)
Instructions: Enter your responses rounded to two
decimal places.
b. Profits grow at an annual rate of 3 percent.
________________
c. Profits grow at an annual rate of 0 percent.
________________
d. Profits decline at an annual rate of 5 percent.
________________
In: Economics
match the nerve to its description.
facial, trochlear, vagus, oculomotor, hypoglossal, vestibulocochlear, abducens, olfactory, optic, trigeminal
1.facial expressions
2.motor, moves the eyes
3.sense of smell
4. motor, moves the eyes
5.sense of vision
6.hearing and balance
7.moves the tounge
8.toothache
9. parasympathetic
10.motor, moves the eye
In: Anatomy and Physiology
Individuals who consume large amounts of alcohol do not use the calories from this source as efficiently as calories from other sources. One study examined the effects of moderate alcohol consumption on body composition and the intake of other foods. Fifteen subjects participated in a crossover design where they either drank wine for the first 6 weeks and then abstained for the next 6 weeks or vice versa. During the period when they drank wine, the subjects, on average, lost 0.45kilograms (kg) of body weight; when they did not drink wine, they lost an average of 1.08 kg. The standard deviation of the difference between the weight lost under these two conditions is 8.8 kg. During the wine period, they consumed an average of 2575 calories; with no wine, the mean consumption was 2552. The standard deviation of the difference was 208.
(a) Compute the differences in means and the standard errors for comparing body weight and caloric intake under the two experimental conditions. (To find the differences, subtract the relevant scores when the participants did not drink wine from the relevant scores when they did drink wine. Round your standard errors to three decimal places.)
| xD | SE | |
| weight | ||
| caloric intake |
(b) A report of the study indicated that there were no significant
differences in these two outcome measures. Verify this result for
each measure, giving the test statistic, degrees of freedom, and
the P-value. (Use
α = 0.10.
Round your answers for t to three decimal places, and round your P-values to four decimal places.)
| df | t | P-value | |
| weight | |||
| caloric intake |
(c) One concern with studies such as this, with a small number of
subjects, is that there may not be sufficient power to detect
differences that are potentially important. Address this question
by computing 95% confidence intervals for the two measures and
discuss the information provided by the intervals. (Round your
answers to three decimal places.)
| weight |
( kg, kg) |
|
| caloric intake |
( calories, calories) |
Discussion:
(d) Here are some other characteristics of the study. The study
periods lasted for 6 weeks. All subjects were males between the
ages of 21 and 50 years who weighed between 68 and 91 kg. They were
all from the same city. During the wine period, subjects were told
to consume two 135-milliliter (ml) servings of red wine per day and
no other alcohol. The entire 6-week supply was given to each
subject at the beginning of the period. During the other period,
subjects were instructed to refrain from any use of alcohol. All
subjects reported that they complied with these instructions except
for three subjects, who said that they drank no more than three to
four 12-ounce bottles of beer during the no-alcohol period. Discuss
how these factors could influence the interpretation of the
results.
In: Statistics and Probability
The firm's production function as reported by the firm's production engineer is as follows:
| # of Labor Units may be employed per week | # of chairs may be produced |
| 0 | 0 |
| 1 | 5 |
| 2 | 15 |
| 3 | 25 |
| 4 | 35 |
| 5 | 39 |
| 6 | 42 |
| 7 | 44 |
| 8 | 45 |
Moreover, the accounting department reports that the wage rate is $10, the unit cost of raw material is $1, the firm needs one (1) unit of raw material for each chair and the total fixed cost is $5.
- Find how many chairs the firm must produce and sell if the selling price of a chair is $3, or $5, or $8.
- Then draw a graph of a selling price and the corresponding quantities at each price to indicate the firm's supply line.
In: Economics
The beginning inventory of merchandise at Dunne Co. and data on
purchases and sales for a three-month period ending June 30 are as
follows:
| Date | Transaction | Number of Units |
Per Unit | Total | ||
| Apr. 3 | Inventory | 25 | $1,200 | $30,000 | ||
| 8 | Purchase | 75 | 1,240 | 93,000 | ||
| 11 | Sale | 40 | 2,000 | 80,000 | ||
| 30 | Sale | 30 | 2,000 | 60,000 | ||
| May 8 | Purchase | 60 | 1,260 | 75,600 | ||
| 10 | Sale | 50 | 2,000 | 100,000 | ||
| 19 | Sale | 20 | 2,000 | 40,000 | ||
| 28 | Purchase | 80 | 1,260 | 100,800 | ||
| June 5 | Sale | 40 | 2,250 | 90,000 | ||
| 16 | Sale | 25 | 2,250 | 56,250 | ||
| 21 | Purchase | 35 | 1,264 | 44,240 | ||
| 28 | Sale | 44 | 2,250 | 99,000 | ||
Required:
1. Record the inventory, purchases, and cost of merchandise sold data in a perpetual inventory record similar to the one illustrated in Exhibit 3, using the first-in, first-out method. Under FIFO, if units are in inventory at two different costs, enter the units with the LOWER unit cost first in the Cost of Merchandise Sold Unit Cost column and in the Inventory Unit Cost column.
| Dunne Co. Schedule of Cost of Merchandise Sold FIFO Method For a Three-Month Period |
|||||||||
| Purchases | Cost of Merchandise Sold | Inventory | |||||||
| Date | Quantity | Unit Cost | Total Cost | Quantity | Unit Cost | Total Cost | Quantity | Unit Cost | Total Cost |
| Apr. 3 | $ | $ | |||||||
| Apr. 8 | $ | $ | |||||||
| Apr. 11 | $ | $ | |||||||
| Apr. 30 | |||||||||
| May 8 | |||||||||
| May 10 | |||||||||
| May 19 | |||||||||
| May 28 | |||||||||
| June 5 | |||||||||
| June 16 | |||||||||
| June 21 | |||||||||
| June 28 | |||||||||
| June 30 | Balances | $ | $ | ||||||
2. Determine the total sales and the total cost of merchandise sold for the period. Journalize the entries in the sales and cost of merchandise sold accounts. Assume that all sales were on account.
| Record sale |
|
||
|
|||
| Record cost |
|
||
|
3. Determine the gross profit from sales for
the period.
$
4. Determine the ending inventory cost on June
30.
$
5. Based upon the preceding data, would you expect the inventory using the A method of inventory costing based on the assumption that the most recent merchandise inventory costs should be charged against revenue.last-in, first-out method to be higher or lower?
In: Accounting
1. A developer in Chicago is planning to build a 7 story building with 28 condo units (14 one bedroom units and 14 two bedroom units). The target market is the growth in new households living within a 1 mile radius of downtown Chicago with age groups 25-64. The construction takes approximately one year and is expected to be completed at the end of 2019. From comparable pricing data, they expect to sell the one bedroom condos for $750,000 each and the two bedroom condos for $900,000 each in 2020.
If they can sell all the units in 2020, what are the total projected revenues for 2020 achieved by selling all the units?
They expect that qualifying households who buy the condos will take out a fixed rate 30 year loan (with an interest rate of 4.5%) and a 20 percent down payment. What down payment (equity amount) is required from the buyers for each type of condo? Does the down payment amount change if interest rates increase to 5%? Why or why not?
Use the PMT function in Excel to compute the minimum qualifying income for the condos priced at $750,000. Also, what is the minimum qualifying income for the condos priced at $900,000? (You may assume that property taxes and insurance will cost 2% of the sale price annually and the minimum qualifying ratio from the bank is 35%). What are the minimum qualifying incomes if interest rates rise to 5%? Why does it change?
There is some concern whether there is sufficient demand to sell all the units in 2020. To help estimate the demand, they purchased data from ESRI that gives the number of households in 2018 and the projected number of households in 2023 by age and income within the 1 mile radius of Downtown Chicago. The data appear in the file Chicago Condos.xls . The developers want to focus on the 25-64 age groups in the area and estimates that approximately 40 percent of the households in the 25-34 age group prefer to own rather than rent. Similarly, 60 percent in the 35- 44 age group, 75 percent in the 45-54 age group and 85 percent in the 55–64 age group prefer to own (rather than rent). Also, market focus groups indicate that out of those who qualify and want to own, 50 percent prefer the one-bedroom type condos and 65 percent prefer the two bedroom condos
Estimate the number of new households in 2020 who qualify for the one-bedroom condos priced at $750,000, prefer to own, and prefer the one-bedroom condo design. Similarly, estimate the household demand in 2020 for the two-bedroom condos. Also, estimate the demand for each design if interest rates rise to 5% for a 30 year fixed rate loan and indicate how it changes.
If the developer builds 14 of each design type (28 total), what are the “capture rates” of the household demand for each condo type if the developer sells all 28 condos in 2020 and if interest rates remain at 4.5 percent? What are the demand capture rates if interest rates increase to 5 percent? Discuss what other important information is needed to determine the market feasibility of the condo project for the developer.
In: Finance
A company is experiencing an increasing number of systems that are locking upon Windows startup.
The security analyst clones a machine, enters into safe mode, and discovers a file in the startup process that runs Wstart.bat.
@echo off
asdhbawdhbasdhbawdhb
start notepad. exe
start notepad. exe
start calculator. exe
start calculator. exe
goto asdhbawdhbasdhbawdhb
Given the file contents and the system's issues, which of the following types of malware is present?
A. Rootkit
B. Logic bomb
C. Worm
D. Virus
In: Other
Otto’s brotherDent runs an auto repair business. In his spare time, he calculated his total cost function. He found that the total cost of repairing cars is:TC = 2s2+ 10where sis the number of cars repaired. Write down equations for Dent’s:
i) total fixed cost.
ii) total variable cost.
iii) average variable cost.
iv) average fixed cost.
v) average total cost.
vi) marginal cost functions.
In: Economics
A car owner conducts an experiment by filling up their car with 10 gallons of gas and drives until it runs out of gas. The number of miles driven from the 10 times of doing this experiment is shown below:
275 240 303 243 259 187 311 276 251 263
Find the following: Show ALL necessary work
a) Median
b) Lower and Upper Quartiles
c) IQR
d) State the mild outliers, if any. If there are no outliers, then state "no outliers".
In: Statistics and Probability
The Bugatti Veyron is the fastest and most expensive car in the world. Testing for horsepower is very difficult therefore only 15 test runs in the laboratory are shown below 1016 1020 980 1000 1001 997 1030 1100 1040 1020 1020 1001 1005 1080 1038
a. Find the sample mean and sample standard deviation
b. Find the probability the car has more than 1000 horsepower.
c. Find a 95% confidence interval for the true mean.
In: Statistics and Probability