​Vaniteux's Returns​ (B). Spencer Grant is a New​ York-based investor. He has been closely following his investment in400shares of​ Vaniteux, a French firm that went public in February 2010. When he purchased his 400 shares at€18.07 per​ share, the euro was trading at$1.3602/€.​Currently, the share is trading at€27.68per​ share, and the dollar has fallen to $1.4065/€. Spencer considers selling his shares at this time but chooses not to sell them after all. He​ waits, expecting the share price to rise further after the announcement of quarterly earnings. His expectations are​ correct, and the share price rises to €31.17 per share after the announcement. The current spot exchange rate is $1.3231/€.

a. If Spencer sells his shares​ today, what percentage change in the share price would he​ receive?

b. What is the percentage change in the value of the euro versus the dollar over this same​ period?

c. What would be the total return Spencer would earn on his shares if he sold them at these​ rates?

a. If Spencer sells his shares​ today, what percentage change in the share price would he​ receive?

The shareholder return is

72.5072.50​%.

​(Round to two decimal​ places.)

b. What is the percentage change in the value of the euro versus the dollar over this same​ period?

The percentage change in the value of the euro versus the dollar is

nothing​%.

​(Round to two decimal​ places.)

More time on the Internet: A researcher polled a sample of

1097

adults in the year

2010

, asking them how many hours per week they spent on the Internet. The sample mean was

9.42

with a standard deviation of

13.23

. A second sample of

1031

adults was taken in the year

2012

. For this sample, the mean was

10.63

with a standard deviation of

14.47

. Assume these are simple random samples from populations of adults. Can you conclude that the mean number of hours per week spent on the Internet increased between

2010

and

2012

? Let

μ1

denote the mean number of hours spent on the Internet in

2010

and

μ2

denote the mean number of hours spent on the Internet in

2012

. Use the  

=α0.05

level and the

P

-value method with the table.

Part 1 of 6

Your Answer is correct

State the appropriate null and alternate hypotheses.

Part 2 of 6

Your Answer is correct

Compute the test statistic. Round the answer to three decimal places.

=t

−2.01

Part: 2 / 6

2 of 6 Parts Complete

Part 3 of 6

Your Answer is incorrect

How many degrees of freedom are there, using the simple method?

4. Timco airlines is a large airplane maker. It recently built the T123. It can carry 500 passengers on two levels. Initial project investments were $13B. Assume that the initial investment was paid on Dec 31, 2010. Assume that Timco will produce 60 aircraft per year for five years. Each aircraft will be sold for $230M and total operating costs are 75% of revenues. Assume that revenues and costs occur at year-end with the first revenues (and costs) occurring on Dec 31, 2011. What is the NPV of the project if Timco’s cost of capital is 11%? Calculate the NPV as of Dec 31, 2010. Ignore taxes and assume that there are no terminal year cash flows. Show your work, as appropriate and clearly state your answer (5 points) 5. What is the payback period for the Timco investment outlined in #4? What does the payback period calculation mean? In other words, interpret your answer. 6. What is the Profitability Index as of Dec 31, 2010 for the Timco investment outlined in #4? 7. Timco’s CFO wants you to provide a recommendation – but based on only one of the three sets of analysis above (either NPV, Payback or Profitability Index). Which method do you choose? Why?

Income recognition for a contractor. On October 15, 2010, Flanikin Construction Company contracted to build a shopping center at a contract price of $180 million. The schedule of expected and actual cash collections and contract costs is as follows:

Year Cash collections from Customers Estimated and Actual Cost Incurred

2010 $36,000,000 $12,000,000

2011 45,000,000 36,000,000

2012 45,000,000 48,000,000

2013 54,000,000 24,000,000

   $180,000,000 $120,000,000

A) Calculate the amount of revenue, expense, and net income for each of the four years under the following revenue recognition methods:

(1)    Percentage-of-completion method.

(2)    Completed contract method.

B) Show the journal entries Flanikin will make in 2010, 2011, 2012, and 2013 for this contract. Flanikin accumulates contract costs in a Contract in Process account. Although the costs involve a mixture of cash payments, credits to assets, and credits to liability accounts, assume for purposes of this problem that all costs are recorded as credits to Accounts Payable.

C) Which method do you believe provides the better measure of Flanikin Construction Company’s performance under the contract? Why?

Can somebody please show me how to calculate this in EXCEL. Step by step excel calculations need to be shown with screenshots. Thank you.

Many freeways have service (or logo) signs that give information on attractions, camping, lodging, food, and gas services prior to off-ramps. These signs typically do not provide information on distances. An article reported that in one investigation, six sites along interstate highways where service signs are posted were selected. For each site, crash data was obtained for a three-year period before distance information was added to the service signs and for a one-year period afterward. The number of crashes per year before and after the sign changes were as follows.

(a) The article included the statement "A paired t test was performed to determine whether there was any change in the mean number of crashes before and after the addition of distance information on the signs." Carry out such a test. [Note: The relevant normal probability plot shows a substantial linear pattern.]
State and test the appropriate hypotheses. (Use α = 0.05.)

H₀: μ_D = 0
H_a: μ_D ≥ 0

H₀: μ_D = 0
H_a: μ_D > 0   

H₀: μ_D = 0
H_a: μ_D ≤ 0

H₀: μ_D = 0
H_a: μ_D ≠ 0

H₀: μ_D = 0
H_a: μ_D < 0

Calculate the test statistic and P-value. (Round your test statistic to two decimal places and your P-value to three decimal places.)

t value= p value=

Reject H₀. The data does not suggest a significant mean difference in the average number of accidents after information was added to road signs.Fail to reject

State the conclusion in the problem context.

H₀. The data does not suggest a significant mean difference in the average number of accidents after information was added to road signs.    

Fail to reject H₀. The data suggests a significant mean difference in the average number of accidents after information was added to road signs.Reject

H₀. The data suggests a significant mean difference in the average number of accidents after information was added to road signs.

(b) If a seventh site were to be randomly selected among locations bearing service signs, between what values would you predict the difference in number of crashes to lie? (Use a 95% prediction interval. Round your answers to two decimal places.)

( , )

You have just graduated from The a College and is making a budget presentation to a group of students. In your presentation you are required to prepare the cash budget for Neann Ltd for the first quarter of 2011.
The following information is to be used in the preparation of the budget.
a) The directors have agreed at a special meeting to inject additional capital into the business of $60million dollars in February 2011.
b) The business expects to receive interest income of $40million in March 2011.
c) Twenty percent (20%) of the company’s sales represents cash sales and the remainder is received 3 months later. The following sales are expected:

                       $million
October 2010    80
November 2010 40
December 2010 50
January 2011     30
February 2011    45
March 2011         50

d) Neann is expected to receive dividend of $6million at the end of January 2011
e) The following overheads are to be incurred on a monthly basis
                                $million
Factory Insurance           5
Factory Depreciation    1.5
Indirect wages               2
Indirect Materials          0.5

f) Neann plans to purchase equipment costing $12million in January 2011.
g) The directors of Neann are expected to declare a dividend of $18million in March 2011
h) At the December 2010 board meeting the directors plan to sign off on the renovation of the executive suite, the directo’rs dining room and the board room. The contract is expected to cost $200million. The work is schedule to start in May 2011 but the first payment of $110million is to be made in February 2011.
i) Three of the directors are to purchase 5 series BMW from Stewarts Motors costing $17million each. The payment is to be made in March 2011.
j) It is expected that the sale of two trucks owned by Neann will be finalized in February 2011. The sale proceeds of $10 million is to be received in March 2011.
k) The Company must maintain a minimum cash balance of $10 million
l) All borrowing occurs at the end of a month and all repayments occur at the end of the month following the loan taken.
m) Interest is paid only at the time of repayment of principal. The interest rate is 10% per year.
n)    The cash balance at the end of December 2010 was $10million    

Required:
a) Prepare a debtors collection schedule for the quarter
b) Prepare a cash budget for the quarter with a total columns ending March 31,2011     

A 35.00 mL solution of 0.2500 M HF is titrated with a standardized 0.1083 M solution of NaOH at 25 degrees C.

(a) What is the pH of the HF solution before titrant is added?

(b) How many milliliters of titrant are required to reach the equivalence point?

(c) What is the pH at 0.50 mL before the equivalence point?

(d) What is the pH at the equivalence point?

(e) What is the pH at 0.50 mL after the equivalence point?

A 35.00 mL solution of 0.2500 M HF is titrated with a standardized 0.1118 M solution of NaOH at 25 degrees C.

a.) What is the pH of the HF solution before titrant is added?

b.) How many mL of titrant are required to reach the equivalence point?

c.) What is the pH of 0.50 mL before the equivalence point?

d.) What is the pH at the equivalence point?

e.) What is the pH at 0.50 mL after the equivalence point?

Six months ago, you went long on put options, which expire in exactly 12 months from purchase. The strike price is $110. The Spot price today was $122.18 at close of after-hours trading. You paid $8.00 for each option.

A. If you choose to exercise before markets close today, what is your payoff?

B. If you choose to exercise before markets close today, what is your profit?

A dart of mass m is fired at and sticks into a block of mass M that is initially at rest on a rough, horizontal surface. The coefficient of kinetic friction between the block and the surface is μk. After the collision, the dart and the block slide a distance D before coming to rest. If the dart were fired horizontally, what would its speed be immediately before impact with the block? (Use any variable or symbol stated above along with the following as necessary: g.)