Quisco Systems has 6.7billion shares outstanding and a share price of $ 17.94Quisco is considering developing a new networking product in house at a cost of $ 504million. Alternatively, Quisco can acquire a firm that already has the technology for $ 923million worth (at the current price) of Quisco stock. Suppose that absent the expense of the new technology, Quisco will have EPS of $ 0.66.
a. Suppose Quisco develops the product in house. What impact would the development cost have on Quisco's EPS? Assume all costs are incurred this year and are treated as an R&D expense, Quisco's tax rate is 35 % and the number of shares outstanding is unchanged.
b. Suppose Quisco does not develop the product in house but instead acquires the technology. What effect would the acquisition have on Quisco's EPS this year? (Note that acquisition expenses do not appear directly on the income statement.
Assume the firm was acquired at the start of the year and has no revenues or expenses of its own, so that the only effect on EPS is due to the change in the number of shares outstanding.)
c. Which method of acquiring the technology has a smaller impact on earnings? Is this method cheaper? Explain.
In: Finance
1. Given the following data, test at the 0.05 level of
significance to see if the number of dogs treated at two different
vet clients differs. Assume variances are equal.
Clinic A (doges treated per 10 randomly selected day); 10, 11, 15,
4, 8, 9, 14, 5, 18, 20 Clinic B (dogs treated per 7 randomly
selected day): 11, 16, 15, 18, 14, 16, 18
2. Given the following data, test to see if the company with newer
technology has greater output than the company with older
technology. Test at the 0.05 level of significance and do not
assume equal variances.
Company A (with new technology): 1123, 1120, 1000, 1500,
1500,
Company B (with old technology): 1000, 990, 890, 930, 870
Test for Two Variances
3. For both SPSS problems 1 & 2 above, use the Levene's F-value
provided in the output to test to see if variances are equal
between the two groups being evaluated.
In: Statistics and Probability
Test for Correlation - Download the data set “Course Evaluations” in your preferred technology format (StatCrunch, Statdisk, Excel). Column 2 denotes the mean course rating, and Column 3 denotes the mean professor rating. Using your preferred technology format (StatCrunch, Statdisk, Excel), generate a scatterplot for these two data sets. Based on the graph, do you believe the two sets are correlated?
Now, using the same program, complete a hypothesis test to test the claim that the course rating and the professor rating are correlated. Provide a printout of your technology output using the Insert/Edit Image feature (no attachments!) Explain your conclusion in statistical and non-statistical terms and how you arrived at that conclusion. Be sure to follow the 8-step procedure on page 360, using technology to do your calculations. You should include your null and alternative hypothesis (in English and in symbolic form), your significance level, whether you are conducting a right tailed, left tailed, or two tailed test, r-value, p-value, and conclusions.
Course Evaluations_Excel(1).xlsx
In: Statistics and Probability
PhD candidates should provide an authentic personal statements to each of the five following questions/prompts reflecting on their own personal interest. In the event that any outside resources are used, resources should be cited in APA format. Submissions should be a maximum of 500 words or 125 words per question/prompt. It is best to respond to each prompt/question individually for clarity of the reviewer. Documents should be submitted in Microsoft Word format.
PhD IT
In: Computer Science
I need presentation. It is a 2-minute presentation From My Argument Paper. if you can do typing I will appreciate
i just need to use my information to making persentation . and should be short i did but is too long as you can see i had 3 topics and intrduction
This is my Information Argument Paper.
First was topic Why Fully Automated Can Be Hacked
Second was Topic Why Fully Automated Cars Are Not Safe Because the Road Conditions Frequently Charge
Third was topic Why Fully Automated Cars Do Not Recognize Heavily Congested Traffic
Introduction -
Now a days technology is reaching to the peak, and demand for the driverless vehicles also increasing day by day. As like as technology helping humans to some areas there are chances that technology may harm the humans life. Fully automatic cars is one of the advanced technology and we all know about how it helps to human beings but today we are going to discuss how they are not safe to the human beings.The purpose of this is to talk about fully automated cars are not safe enough .
In: Operations Management
At January 1, 2020, Headland Company had plan assets of $286,300
and a projected benefit obligation of the same amount. During 2020,
service cost was $28,400, the settlement rate was 10%, actual and
expected return on plan assets were $25,500, contributions were
$20,600, and benefits paid were $17,900.
Prepare a pension worksheet for Headland Company for
2020.
In: Accounting
On Feb 1, 2019, the price of a T-bill maturing on July 31, 2019 is $96.98, the price of a T-bill with maturity on Jan 31, 2020 is $97.11, and the price of a stripe with maturity on July 31 of 2020 is $97.76. A semiannual coupon treasury note that has the coupon rate 4.75% and will mature on July 31, 2020. What is the price of this T-note?
In: Finance
Concord Corporation had 129,600 shares of stock outstanding on January 1, 2020. On May 1, 2020, Concord issued 64,800 shares. On July 1, Concord purchased 10,560 treasury shares, which were reissued on October 1. Compute Concord’s weighted-average number of shares outstanding for 2020. Weighted-average number of shares outstanding
In: Accounting
The following offers a timeline of events and observations extracted from trade magazine articles related to Apple’s iCar. This is an issue of product diversification. Answer the questions at the end of this compilation.
TopSpeed, Sept. 2016
2010: Steve Jobs met with upstart V-Vehicles head to talk about their low cost prototype and materials and design.
2012: From the Apple v. Samsung trial: Apple considered “making a camera, making a car, crazy stuff.”
2013: NY Times: Apple’s founder Steve Jobs would have liked to take on Detroit with the Apple Car.
2015: Dodge Caravans carrying LiDar sensor technology, vehicles which were leased by Apple, were spotted driving in Bay Area. Apple says that the cars are to explore mapping technology, not to develop driverless technology.
2015: Business Insider: Apple is already designing a car that would give Tesla “a run for its money”
2015: Wall Street Journal: Apple is secretly building an electric car with several hundred employees. Called Project Titan, the completion date is set for 2019.
2016: Reports surface that Apple is building a team poached from potential rivals. The experts hail from the automotive design, battery technology, autonomous vehicles, and robotics fields. A short list includes former employees from Tesla, Mercedes-Benz, General Motors, and Ford, as well as Google, Autoliv, Concept Systems, MIT Motorsports, and others.
2016: On the autonomous side of things, Apple has invested heavily in Didi Chuxing, a Chinese ride hailing service similar to Uber. It’s believed the investment could provide Apple with copious driving data – the sort needed for autonomous car development.
2016: Top speed: On the interior of Apple car: That means passengers get stuff like augmented reality features for entertainment, sightseeing, and general information (nearby restaurants, charging station locations, etc.). There should also be exceptionally deep smartphone integration, with the Apple iCar’s onboard systems picking up preferences in music, lighting, and climate control settings. Think of the Apple iCar as a direct extension of the iPhone, plus all the benefits of a fully assimilated living space. Everything will be customizable, and the user interface will be 100 percent automated (after the initial set-up process, of course). Interior cameras will allow you to conduct conference calls while on the move. A standard Wi-Fi hotspot is a given.
TopGear, July 2015
Apple’s products are traditionally beautifully built and designed, satisfying, and easy to use. And cars are increasingly complex and user-hostile:
-Touch screens are unresponsive
-Graphics are hideous
-Connections to phone randomly fail
-Voice activation is ineffective
-Menus are counterintuitive
Moreover, competitors seem to solve one problem but then more their ambitious apps fail. Apple also has a cash pile ($90B) which makes the potential foray affordable as they could get the car and a factory for $12B.
For most electronic stuff except big computers, manufacturing is already subcontracted to locally owned and run plants in China. They have talked to Magna Steyr Austria who manufactured BMW’s first gen X3 and current Countryman, Chrysler’s Voyager, and Mercedes’ G class. Off-the shelf suppliers also exist for powertrains, suspensions, driver-assist systems
However, Apple is not an evangelist like Tesla which strives to end the grip of petroleum, Google, which claims that self-driving cars will reduce traffic accidents, or BMW, which claims that the new mobility is only way to survive. Also, profit margins are small in the industry and the business model may require extra effort. For example, the Tesla and BMW business models stretch into consumers’ lives.
CNBC Oct. 2016
Apple is rumored to be in talks with McLaren. LeEco, a Chinese tech giant in smartphones, cloud, streaming, and virtual reality is in a partnership with Aston Martin.
“Someday cars will just be one more device, not a big thing like owning a house like it was 30 or 40 years ago."
Self-driving vehicles will depend heavily on training data for algorithms. Apple has the sophisticated location technology, developed thru smartphones, which already supports Lyft and Uber. Google, Uber, and Tesla are the most well-known competitors here.
Most popular sensors are getting much cheaper – the technology is getting closer - and large ecosystem investments in energy storage also bring the e-car closer. Apple has battery technologies which are different from Tesla’s (prismatic vs. cylindrical) but are suited to autos developed in parallel with cell phones.
Cybersecurity is also more important in an auto when there is more software in it. Microsoft’s automobile software may monitor the car from anywhere, allow autopayment of tolls, and get automatic software updates. Both Apple and Microsoft have taken a strong stance on data encryption. Facial recognition to identify drivers is also a technology that is emerging. Apple also has CarPlay: a 2nd entertainment screen in car
NYTimes, The Street Aug. 2017
Apple Inc. may have gotten a bit too ambitious in its haste to not miss out on the self-driving car race, and now the tech giant has scaled back its efforts to break into the market. The company had first hoped to build an Apple-branded autonomous vehicle on its own, but due to a series of disagreements between executives and confusion about the project's goals, Apple ultimately decided it would focus on the underlying technology used to power self-driving cars, The New York Times reported on Tuesday, Aug. 22, citing sources close to the situation. Apple plans to test the autonomous vehicle technology in a self-driving shuttle service that will ferry employees around the company's Palo Alto, Calif., campus -- an effort called PAIL, for Palo Alto Infinite Loop, according to the Times.
The moves echo comments made by Apple CEO Tim Cook earlier this month and in June, when he said the company was working on a "large project" focused around autonomous systems. Cook has called autonomous vehicles the "mother of all" artificial intelligence projects, which suggested Apple might be building its own car, but on the company's latest earnings call, he made it seem like Apple is reconsidering that idea.
Autonomous systems can be used in a variety of ways, and a vehicle is only one," Cook said on the call with investors. "There are many different areas of it, and I don't want to go any further with that."
Apple is joining an already crowded market populated by rivals including Alphabet Inc.'s Waymo, Tesla Inc. and Uber Technologies Inc. Waymo is widely considered to be the front-runner among companies developing autonomous technology. Apple's technology is said to be at the stage where Google's self-driving car efforts were three years ago, Business Insider reported, citing sources familiar with the situation. The tech giant plans to target the ride-hailing industry with its autonomous systems but isn't trying to overtake Uber, Business Insider noted.
Project Titan, the internal code name given to Apple's car project, has been in the works since 2014. Apple staffed up the project heavily, primarily with veteran engineers who had expertise in constructing cars, the Times noted. The team hoped to disrupt the traditional automobile experience, not just with autonomous technology but by introducing things such as motorized doors that open and close silently and the possibility of building spherical, globelike steering wheels. Engineers also thought about ways to redesign Lidar sensors, the core technology that basically acts as the eyes for a self-driving car, by using lasers that scan and analyze the car's surroundings. Apple reportedly wanted to redesign the Lidar sensors, which typically protrude in a cone shape from the top of a car. Other ideas involved adding augmented reality features to a car's dashboard.
A few years into the project, however, it began to hit some speed bumps. Steve Zadesky, a 16-year Apple veteran who oversaw Project Titan, quit the project in January 2016, after a series of disagreements with Apple design cheif Jony Ive. Zadesky wanted to focus on a semi-autonomous car that would have self-driving capabilities but would allow the driver to resume control of the car, while Apple design chief Jony Ive pushed for a fully autonomous car that would let Apple control the entire end-to-end experience. The project is now overseen by longtime Apple executive Bob Mansfield and has reshifted its focus toward building autonomous technology. Apple has been spotted testing its self-driving technology on a fleet of Lexus RX450h SUVs in California, not long after it was granted a test permit by the California Department of Motor Vehicles.
Analysts and experts have said it would make more sense for Apple to scale back its ambitions, lest it risk tapping into the self-driving car race too late. Building an entire car comes with its own challenges, not limited to forming relationships with dealerships, which can be complicated, said Bob O'Donnell, chief analyst at TECHnalysis Research LLC.
"All of those kinds of things are what they probably started to realize would be more challenging," O'Donnell said. "Whereas actual software and tech they were probably making good progress on and said, 'Look, we've got all this work and how should we leverage it?' It's not at all hard to draw the story where that's the case.
MacWorld Oct. 2017:
The most logical outcome? Project Titan "is likely to be a transportation platform - not a car, but the entire experience" Milunovich remarked. It's an interesting idea; if cars in the future can drive themselves, what will the occupants be doing? It's likely that passengers will require some form of entertainment, communications and apps to keep them occupied - something Apple provides with its other devices. With all that on offer, the car will also require Wi-Fi, broadband connectivity, navigation information and its own operating system - all of which the company offers. Combine that with rumors of an upcoming Siri-enabled smart speaker to rival Amazon's hugely popular Alexa-powered Echo. It's not hard to imagine a future where Siri controls and operates your car, providing you with an iOS-like user interface to interact with.
Seeking Alpha, Apr. 2017
Apple lacks growth and innovation while Tesla lacks financial stability. Apple’s growth opportunities are in automotive, virtual reality, and mixed virtual reality. It is currently using its cash to buy back stock at all-time high prices. Shareholders may like this but are there better uses of cash? Tesla is overpriced but an acquisition by Apple merely trades one overvalued stock for another.
Sept. 6, 2016: Samsung Note’s problems: bursting into flames. Apple’s stock price rises from 105 to 145 in a period of a year. But it sustains only 3% growth over the period. Smartphones could be obsolete in 12-15 years due to wearables.
Apple, Inc.
Product Net sales, $million
2017 2016 2015
iPhone 141,319 136,700 155,041
iPad 19,222 20,628 23,227
Mac 25,850 22,831 25,471
Services 29,980 24,348 19,909
Other products 12,863 11,132 10,067
Total 229,234 215,639 233,715
Source: Nov. 2017 10-K report
QUESTIONS: (Why do firms engage in product diversification strategies?)
Q1. Outline Apple’s strengths and weaknesses
Q2. Outline Apple’s opportunities and threats
Q3. What is the justification for an “iCar-related” product diversification strategy at Apple? (You should find a justification in each of the SWOT elements – strengths, weaknesses, opportunities, and threats.)
Q4. Would you consider Apple’s diversification strategy be related or unrelated diversification?
In: Economics
On January 3, 2019, Persoff Corporation acquired all of the outstanding voting stock of Sea Cliff, Inc., in exchange for $7,793,000 in cash. Persoff elected to exercise control over Sea Cliff as a wholly owned subsidiary with an independent accounting system. Both companies have December 31 fiscal year-ends. At the acquisition date, Sea Cliff’s stockholders’ equity was $2,560,500 including retained earnings of $1,760,500.
Persoff pursued the acquisition, in part, to utilize Sea Cliff’s technology and computer software. These items had fair values that differed from their values on Sea Cliff’s books as follows:
| Asset | Book Value | Fair Value | Remaining Useful Life |
||
| Patented technology | $ | 167,500 | $ | 2,652,500 | 7 years |
| Computer software | $ | 76,500 | $ | 2,596,500 | 12 years |
Sea Cliff’s remaining identifiable assets and liabilities had
acquisition-date book values that closely approximated fair values.
Since acquisition, no assets have been impaired. During the next
three years, Sea Cliff reported the following income and
dividends:
| Net Income | Dividends | |||
| 2019 | $ | 901,100 | $ | 150,000 |
| 2020 | 941,100 | 150,000 | ||
| 2021 | 976,100 | 150,000 | ||
December 31, 2021, financial statements for each company follow. Parentheses indicate credit balances. Dividends declared were paid in the same period.
| Persoff | Sea Cliff | |||||||
| Income Statement | ||||||||
| Revenues | $ | (2,830,000 | ) | $ | (2,305,000 | ) | ||
| Cost of goods sold | 1,403,900 | 890,900 | ||||||
| Depreciation expense | 302,500 | 402,000 | ||||||
| Amortization expense | 403,000 | 36,000 | ||||||
| Equity earnings in Sea Cliff | (411,100 | ) | 0 | |||||
| Net income | $ | (1,131,700 | ) | $ | (976,100 | ) | ||
| Statement of Retained Earnings | ||||||||
| Retained earnings 1/1 | $ | (7,525,000 | ) | $ | (3,302,700 | ) | ||
| Net income (above) | (1,131,700 | ) | (976,100 | ) | ||||
| Dividends declared | 600,000 | 150,000 | ||||||
| Retained earnings 12/31 | $ | (8,056,700 | ) | $ | (4,128,800 | ) | ||
| Balance Sheet | ||||||||
| Current assets | $ | 539,500 | $ | 402,500 | ||||
| Investment in Sea Cliff | 8,466,300 | 0 | ||||||
| Computer software | 355,000 | 61,500 | ||||||
| Patented technology | 866,000 | 102,000 | ||||||
| Goodwill | 122,000 | 0 | ||||||
| Equipment | 1,873,500 | 4,610,000 | ||||||
| Total assets | $ | 12,222,300 | $ | 5,176,000 | ||||
| Liabilities | $ | (2,165,600 | ) | $ | (247,200 | ) | ||
| Common stock | (2,000,000 | ) | (800,000 | ) | ||||
| Retained earnings 12/31 | (8,056,700 | ) | (4,128,800 | ) | ||||
| Total liabilities and equity | $ | (12,222,300 | ) | $ | (5,176,000 | ) | ||
Note: Parentheses indicate a credit balance.
Determine the fair value in excess of book value for Persoff's acquisition date investment in Sea Cliff.
Determine Persoff's Equity earnings in Sea Cliff's balance for the year ended December 31, 2021.
Determine Persoff's December 31, 2021, Investment in Sea Cliff's balance.
Prepare a worksheet to determine the consolidated values to be reported on Persoff’s financial statements.
In: Accounting