Questions
The equity section of the balance sheet of the Guts Company on December 31, 2010 shows...

The equity section of the balance sheet of the Guts Company on December 31, 2010 shows following items:

6% Cumulative preference share capital, P100 par value (liquidation value, P115 per share); Authorized, 6,000 shares; issued, 4,000 shares; in treasury, 600 shares

P400,000

Ordinary share capital, P100 par value, authorized, 20,000 shares; issued and outstanding, 8,000 shares

800,000

Share premium – preference shares

150,000

Share premium – ordinary shares

165,000

Retained earnings

458,600

Reserve for bond retirement

320,000

Treasury shares - preference, at cost

84,000

REQUIRED

1) The book value per share of ordinary stock is
        a.223.65 b. 224.78   c.223.70   d.121
2.) Assuming the preference share is participating, the book value per share of ordinary stock is
        a.204.35   b.187.56    c.223.70    d. 187.56

In: Accounting

In 2010, 76.3% of college students enrolled in an education major were female. A sample of...

In 2010, 76.3% of college students enrolled in an education major were female. A sample of students enrolled in an education major in 2019 consisted of 115 females and 70 males.

Would this data be sufficient at the 0.01 level of significance to conclude that the percentage of females enrolled in an education major decreased from the 76.3%?

Use the P-Value Method of Testing.

In your work space below, you will need to have -
1. The null hypothesis, Ho
2. The alternative hypothesis, H1
3. The test statistic
4. The type of test(left, right, two-tailed) and the p-value
5. The decision to accept Ho or reject Ho

In: Statistics and Probability

In​ 2010, a survey of 2000 homes in a region found that 500 had overestimated market...

In​ 2010, a survey of 2000 homes in a region found that 500 had overestimated market values. Suppose you want to estimate​ p, the true proportion of homes in this region with market values that are overestimated.

The point estimate is 0.25

1) Find a 90​% confidence interval for p.

2) Give a practical interpretation of the confidence​ interval

3) Suppose a researcher claims that p equals= 0.18. Is the claim​ believable? Explain.

In: Statistics and Probability

One of the main goals of the ACA (Patient Protection and Affordable Care Act of 2010,...

One of the main goals of the ACA (Patient Protection and Affordable Care Act of 2010, aka Obamacare) was to provide affordable health care to the uninsured.
1. What were the THREE primary pieces of the law that were meant to provide coverage for everyone (other than undocumented immigrants, who were not going to be covered)?
2. Which of these three pieces was not able to be fully enacted because of a Supreme Court case in 2012 (ruled unconstitutional) and what happened to coverage for the targeted group?

In: Economics

The number of cell phone subscribers in the United States between the years 2000 and 2010...

The number of cell phone subscribers in the United States between the years 2000 and 2010 is approximated by the function N(t) = 385.474 1 + 2.521e−0.214t (0 ≤ t ≤ 10) where N(t) is measured in millions and t is measured in years, with t = 0 corresponding to the year 2000.† How many cell phone subscribers were there in the United States in 2000? (Round your answer to one decimal place.) million subscribers.

If the trend continued, how many subscribers were there in 2011? (Round your answer to one decimal place.) million subscribers

In: Math

Following are the ages of the winners of men’s Wimbledon tennis championship from 1968 to 2010....

Following are the ages of the winners of men’s Wimbledon tennis championship from 1968 to 2010.

  1. Construct a frequency distribution table. Begin with a lower class limit of 17 and use a class width of 3.
  2. Explain the lower class limit, upper class limit, class boundaries, class midpoint and class width using the information in your first row of your frequency distribution table.
  3. Draw a histogram.
  4. Describe the shape of the histogram.
  5. Discuss the skewness in the distribution.

29

30

26

27

25

27

21

31

20

21

22

23

24

22

29

24

25

17

18

22

22

21

24

22

22

21

22

23

26

25

26

27

28

31

21

21

22

23

24

25

22

27

24

                  

In: Statistics and Probability

The following are extracted from the financial statements of Frem, Inc., for 2012, 2011, and 2010....

The following are extracted from the financial statements of Frem, Inc., for 2012, 2011, and 2010.

2012

2011

2010

Net sales

$233,000

$204,000

Cost of sales

(124,000)

(110,000)

Selling and administrative expenses

(95,000)

(81,500)

Other income:

   Interest

(3,700)

(3,050)

   Other

     100

   1,175

Earnings before tax and extraordinary credit

$ 10,400

$ 10,625

Provision for income tax

(4,800)

(4,740)

Earnings before extraordinary credit

5,600

5,885

Extraordinary credit

      -

   1,510

$  5,600

$  7,395

Total assets

$202,000

$173,000

$161,000

Long-term debt

24,600

17,400

15,200

Common equity

123,000

116,800

112,800

Preferred stock

4,000

4,000

4,000

Preferred dividends

280

280

280

Required:

a.

Compute the following ratios for 2012 and 2011.

1.

Net profit margin

2.

Total asset turnover

3.

Return on assets

4.

Return on investment

5.

Return on total equity

6.

Return on common equity

7.

Gross profit margin

b.

Discuss the trend in profitability and identify specific causes for the trend.

In: Finance

Jan 1 Retired a piece of machinery that was purchased on Jan 1 2010. The machine...

Jan 1 Retired a piece of machinery that was purchased on Jan 1 2010. The machine cost $62400 on that date.It had a useful life of 10 years with no salvage.

June 30 Sold a computer that was purchased on January 1,2017. The computer cost $35,500. It had a useful life of 5 years with no salvage value. The computer was sold for $14,100.

Dec 31 Discarded a delivery truck that was purchased on Jan 1 2016. The truck cost $36,660. It was depreciated based on a 6 year useful life with a $3000 salvage value.

Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on assets disposed of. Flounder Company uses straight line depreciation

In: Accounting

The following table shows a portion of the monthly returns data (in percent) for 2010–2016 for...

The following table shows a portion of the monthly returns data (in percent) for 2010–2016 for two of Vanguard’s mutual funds: the Vanguard Energy Fund and the Vanguard Healthcare Fund. [You may find it useful to reference the t table.] Date Energy Healthcare Jan-10 −4.86 −0.08 Feb-10 1.90 0.56 ⋮ ⋮ ⋮ Dec-16 0.10 −5.30 SOURCE: www.finance.yahoo.com. Click here for the Excel Data File a. Calculate the sample correlation coefficient rxy. (Round intermediate calculations to at least 4 decimal places and final answer to 2 decimal places.) b. Specify the competing hypotheses in order to determine whether the population correlation coefficient is different from zero. H0: ρxy ≤ 0; HA: ρxy > 0 H0: ρxy = 0; HA: ρxy ≠ 0 H0: ρxy ≥ 0; HA: ρxy < 0 c-1. Calculate the value of the test statistic. (Round intermediate calculations to at least 4 decimal places and final answer to 2 decimal places.) c-2. Find the p-value. p-value < 0.01 0.01 ≤ p-value < 0.02 0.02 ≤ p-value < 0.05 0.05 ≤ p-value < 0.10 p-value ≥ 0.10 c-3. At the 5% significance level, what is the conclusion to the test? Reject H0; there is enough evidence to state the returns are correlated. Reject H0; there is not enough evidence to state the returns are correlated. Do not reject H0; there is enough evidence to state the returns are correlated. Do not reject H0; there is not enough evidence to state the returns are correlated.

Date Energy Healthcare
Jan-10 -4.86 -0.08
Feb-10 1.9 0.56
Mar-10 2.3 1.41
Apr-10 3.02 -3.76
May-10 -11.2 -5.13
Jun-10 -5.77 -0.51
Jul-10 8.75 1.55
Aug-10 -5.94 -0.99
Sep-10 10.14 8.29
Oct-10 3.87 2.33
Nov-10 2.82 -2.49
Dec-10 5.56 2.3
Jan-11 6.47 1.75
Feb-11 6.6 2.97
Mar-11 1.41 1.32
Apr-11 1.63 5.81
May-11 -4.1 2.62
Jun-11 -2.02 -0.61
Jul-11 1.14 -2.66
Aug-11 -10.4 -2.77
Sep-11 -15.04 -4.02
Oct-11 18.71 4.6
Nov-11 0.95 -0.12
Dec-11 -8.41 -3
Jan-12 4.4 2.45
Feb-12 5.08 1.67
Mar-12 -6.54 3.44
Apr-12 -1.59 -0.47
May-12 -12.21 -3.54
Jun-12 5.65 5.46
Jul-12 2.81 -0.46
Aug-12 2.86 1.81
Sep-12 2.83 3.86
Oct-12 -1.08 -0.77
Nov-12 -1.3 0.5
Dec-12 0.2 -3.02
Jan-13 5.68 6.52
Feb-13 -2.05 1.37
Mar-13 1.55 3.57
Apr-13 -0.13 3.01
May-13 1.64 1.35
Jun-13 -3.64 0.34
Jul-13 5.26 5.6
Aug-13 -0.27 -2.07
Sep-13 3.01 4.1
Oct-13 4.62 4
Nov-13 -0.83 6.1
Dec-13 -1.68 -4.69
Jan-14 -5.2 2.4
Feb-14 6.05 8.58
Mar-14 1.63 -6.09
Apr-14 5.5 -2.5
May-14 1.13 3.57
Jun-14 5.2 3.44
Jul-14 -4.72 -0.01
Aug-14 1.77 4.05
Sep-14 -7.46 -0.19
Oct-14 -5.03 5.24
Nov-14 -9.11 3.38
Dec-14 -9.7 -8.45
Jan-15 -3.9 2.03
Feb-15 4.94 4.8
Mar-15 -2.54 -0.42
Apr-15 10.6 -0.7
May-15 -6.54 4.7
Jun-15 -4.31 -0.25
Jul-15 -7.68 2.45
Aug-15 -4.81 -5.8
Sep-15 -7.67 -5.76
Oct-15 10.81 5.97
Nov-15 -0.97 1.45
Dec-15 -11.69 -3.71
Jan-16 -1.44 -8.82
Feb-16 -2.55 -1.82
Mar-16 12.51 -0.41
Apr-16 10.11 2.58
May-16 -1.42 2.59
Jun-16 3.56 -0.05
Jul-16 -1.02 5.18
Aug-16 2.57 -4.88
Sep-16 2.51 0.64
Oct-16 -2.99 -7.58
Nov-16 7.03 1.51
Dec-16 0.1 -5.3

In: Statistics and Probability

The freezing cold spell at the beginning of 2010 not only increased demand for road salt,...

The freezing cold spell at the beginning of 2010 not only increased demand for road salt, but it increased demand for gas in the UK. Usage reached 454 cubic meters; the previous record was 449m set in January 2003. The National Grid which is responsible for energy in the UK issued several warnings in a matter of days that demand could outstrip supply and asked supplier so increase the supply. The National Grid also told major gas users, such as power plants, to reduce demand.

Big generators, such as E.On, have both gas-fired and coal-fired power stations and are able to choose between the two. In total, 27 large gas users were asked to switch - 12 in the East Midlands and 15 in the North West.

Analyze and answer the following questions:

  1. Illustrate the effect of the cold spell on the demand for gas using a demand curve diagram.
  2. Illustrate the effect of the National Grid instructing major gas users to reduce their demand.
  3. Analyze two other factors that you think influence demand for gas.
  4. Do you think demand for gas is price elastic or price inelastic? Explain your reasoning.

In: Economics