Golden Enterprises started the year with the following: Assets $104,000; Liabilities $34,000; Common Stock $64,000. During the year, the company earned revenue of $5,400 and incurred expenses of $3,200. In addition, the company paid dividends of $1,400 to owners. Assume no other activities occurred during the year. The amount of Golden's retained earnings at the end of the year is: $8,200. $1,400. $11,400. $6,800.

A teacher wants to develop a model to predict a student’s grade on the final exam from the number of hours spent studying for the final exam and the student’s GPA at the university. The data (for 22 students) follows below.

      PREDICTOR               COEF           STDEV               P-VALUE

      Constant                      -1.30             1.429                0.405

      Hours                           .0793            .0759                0.344

      GPA                             1.11             .7543                0.202

      ANOVA

      SOURCE                                SS                     DF                 MS                F                                 

      Regression                             5.0040         

      Error                                       1.1548         

      TOTAL  

(a) What is the student’s expected grade if she has a 2.7 GPA and she studies 12 hours for this test?

(b) Interpret the slope coefficient for the variable Hours.

(c) Use the p-value approach to see if GPA is linearly related to the dependent variable? Use alpha = .05. Please include all test parts.

(d) Fill in all missing parts of the ANOVA table.

(e) Does the model explain a significant portion of the variation in final grades? Use alpha = .05. Conduct a formal (all five parts) test.

(f) Calculate and interpret the coefficient of determination.

(g) Based upon the p-values for the individual independent variables, does either variable appear linearly related?

(h) Is the finding in part (g) consistent with would answer to part (e).

b Payments made from after-tax profits to company shareholders.

c People that invest in corporations and therefore are the owners.

d A person, usually a manager, who works in a corporation and is directed to follow the corporation's interests.

e A set of financial institutions that funnels financing from investors into bonds and stocks.

f A combination of assets that is designed to secure an income from investing and to reduce risk.

g A business owned jointly by two or more individuals, who share in the profits and are jointly responsible for losses.

h The measured financial costs.

i Arises when the principal cannot easily monitor the actions of the agent, who therefore may not act in the best interests of the principal.

j

Cupcakes-Palooza (CP) is bakery in Janesville, WI, that specializes in gourmet cupcakes. CP is a privately held corporation that was founded by partners Pat and Chris Anderson. Pat and Chris are the majority shareholders.

CP currently owns a building that serves as their bakery. They sell their cupcakes at select area grocery stores. They do not currently sell directly to consumers; they only sell to grocery stores who sell to consumers. They sell an average of 1,000 cupcakes a day (five days a week, year-round) at their current location, and see demand staying strong despite the economy.

Pat and Chris would like to expand their business. They are considering adding a retail storefront to their existing building. Pat and Chris received an estimate from a construction company to add a retail presence to their existing building. The project cost is a $ 50,000 one-time charge for renovations to the building. Construction time is expected to be three months. (Note that this means that in the first year of operations, they will only receive nine months of revenue from the retail store!)

Pat and Chris did some market research and estimate the following sales from this new retail shop: 100 cupcakes a day @ $2 per cupcake, and they will be open 5 days a week, 52 weeks a year. Pat and Chris expect their cost of goods sold to be $0.46 per cupcake.

To sell to the public at the current building, they plan on hiring one new full-time employee; he or she will be managed by existing bakery employees, who will also cover for the new employee during breaks, sick days, etc. You do not need to include any expenses for the new employee other than their hourly wage. Pat and Chris estimate they will pay $10 per hour (including taxes and benefits) for this new employee. Assume the employee will work 40 hours a week, 52 weeks a year.

Pat and Chris have told you that they pay 20% of their profit in taxes. They also want you to use a discount rate of 14% in calculating this potential investment. They plan to retire in 5 years, so they want you to base your analysis on a 5 year term.

Pat and Chris have asked you to review this potential investment and write a short, one page memo to them, with an Excel file attached with the supporting financial calculations. The memo should communicate to Pat and Chris three financial measurements:

The Payback period for the investment

The Net Present Value of the investment

The Internal Rate of Return for the investment

What are the answers to the following ratios for company JB-HIFI 2017 and 2016 with explanation and workings.

ANNUAL REPORT: https://www.jbhifi.com.au/Documents/2017%20Annual%20Report.pdf

EQUATIONS:

Times Interest Earned Ratio

Return on Total Assets

Thanks prior.

Rocky Mountains Limited (RML) is a Canadian public company that sells hiking and outdoors equipment. Its controller provided you with the following information related to its 2019 tax year ended December 31:

RML’s controller pays her own personal taxes at the marginal rate of 26%, as she personally earns between $95,259 and $147,667 annually.

RML has permanent establishments in the United States, British Columbia, and Alberta. Its gross revenues and salaries and wages data have been allocated as follows:

Gross revenues exclude income from property not used in connection with the principal business operation of the corporation.

Please calculate the total federal tax payable by the corporation for the 2019 taxation year, considering any tax credits potentially available, as well. Show all calculations. You do not need to reference the handbook.

3.NaturUS produces and distributes natural products. It is currently testing its Rest-E-Z pill

which is meant to provide relief to patients from insomnia and other sleeping disorders. A

sample of 800 patients who suffer from insomnia were submitted to clinical testing. 600

patients were treated with the Rest E-Z pill, while 200 were administered a placebo. 400 of the

patients stated they benefited from their treatment, 320 of which had actually been given Rest-

E-Z. Let us define the events:

R= “the patient was treated with the Rest-E-Z pill”

B= “the patient felt benefits from the treatment”

A)Find the values of i)?(?) ii)?(?) iii)?(? ∩ ?)

B)Find ? ? ? and explain the meaning of this probability in the context of the

problem.

C)Find ?(?|?) and explain the meaning of this probability in the context of the

problem.

D)Are events R and B independent? Justify your answer.

The clients of an insurance company had independent probability 0.03 of filing a claim in the year 2008. Suppose an agent gets a list of four random clients from among 20 random clients of the agency and that this larger list has at most two clients who filed a claim. Find the probability the agent gets at least one client who filed a claim in 2008.

Mary Jay, an American designer of luxury leather goods, had experienced growth by selling her goods in her own retail stores. As internet usage increased, Mary Jay did what many of her competitors did: she created a virtual online store on her company website. When the Canadian and US dollars were on par, many Canadian shoppers would purchase online through the US website since there were no retailers in Canada carrying Mary Jay goods. Eventually, Mary Jay opened her own retail stores in Canada after considering the risks and advantages of going global. She also created opportunities with major department stores to carry her goods under specific conditions.

1) How many channel levels did Mary Jay have? Explain each channel level.

2) Describe possible conflicts that can arise.

3) What is the most logical way to store and distribute product from the main warehouse in the US to the Canadian customer?