| XYZ stock price and dividend history are as follows: |
| Year | Beginning-of-Year Price | Dividend Paid at Year-End |
| 2010 | $ 124 | $ 4 |
| 2011 | $ 135 | $ 4 |
| 2012 | $ 115 | $ 4 |
| 2013 | $ 120 | $ 4 |
|
An investor buys six shares of XYZ at the beginning of 2010, buys another two shares at the beginning of 2011, sells one share at the beginning of 2012, and sells all seven remaining shares at the beginning of 2013. |
What are the geometric average time-weighted rates of return for the investor?
In: Finance
Q. In how many ways can seven businessmen attending a convention be assigned to one triple and two double hotel rooms?
Q. On a Friday morning, the pro shop of a tennis club has 10 identical cans of tennis balls. If they are all sold by Sunday night and we are interested only in how many were sold on each day, in how many different ways could the cans of tennis balls has been sold on Friday, Saturday, and Sunday?
In: Statistics and Probability
As a settlement for an insurance claim, Craig was offered one of two choices. He could either accept a lump-sum amount of $8799 now, or accept monthly payments of $129 for the next seven years. If the money is placed into a trust fund earning 5.55% compounded annually, which is the better option and by how much?
Option A - Monthly Payments
Option B - Lump Sum
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
In: Finance
. During Year One, Company A and Company Z both sell 1,000 computers for $1,000 each in cash. Company A provides a one-year warranty to its customers for free. Company Z sells a one-year warranty to all of its customers for $50 each. Both companies expect 5 percent of the computers to break and cost $600 each to repair. In Year Two, both companies actually have 6 percent of these computers break. However, the required cost to fix each one was only $550.
a. In financial reporting for Year One, which company will report the highest amount of net
income? What will be the difference in the two reported amounts?
b. In financial reporting for Year Two, which company will report the highest amount of net
income? What will be the difference in the two reported amounts?
In: Accounting
Cutting Speed (meters per minute) Useful Life Brand A (Hours) Useful Life Brand B (Hours)
30 5.2 6.3
30 4.4 6.4
30 5.2 5.2
40 4.5 6.0
40 3.7 4.6
40 2.5 5.0
50 4.4 4.5
50 2.8 4.0
50 1.0 3.7
60 4.0 3.8
60 2.0 3.0
60 1.1 2.4
70 1.1 1.5
70 0.5 2.0
70 3.0 1.0
.
Use a 95% confidence interval to estimate the mean useful life of a brand A cutting tool when the cutting speed is 45 meters per minute. Repeat for brand B. Compare the widths of the two intervals and comment on the reasons for any difference.
The mean useful life of a brand A cutting tool when the cutting speed is ___ to ____ hours. (Round to one decimal place as needed.)
The mean useful life of a brand B cutting tool when the cutting speed is ___ to ____ hours. (Round to one decimal place as needed.)
Compare the widths of the two intervals and comment on the reasons for any difference. Choose the correct answer below.
A. Brand A is wider than brand B. The estimated standard error of y^ is different for the two intervals.
B. Brand B is wider than brand A. The value of t α/2 is different for the two intervals.
C. Brand A is wider than brand B. The calue of y^ is different for the two intervals.
D. There is no difference in the widths of the two intervals.
b. Use a 95% prediction interval to predict the useful life of a brand A cutting tool when the cutting speed is 45 meters per minute. Repeat for brand B. Compare the widths of the two intervals to each other and to the two intervals you calculated in part a. Comment on the reasons for any difference.
The predicted useful life of a brand A cutting tool when the speed is 45 meters per minute is ___ to ____ hours. (Round to one decimal place as needed.)
The predicted useful life of a brand B cutting tool when the speed is 45 meters per minute ___ to ____ hours. (Round to one decimal place as needed.)
Compare the widths of the two intervals to each other. Choose the correct answer below.
A.The prediction interval for brand A is larger than the prediction interval for brand B because the estimated standard error of y^ is different for the two intervals.
B.The prediction interval for brand B is larger than the prediction interval for brand A because the value of y^ is different for the two intervals.
C.The prediction intervals are the same size.
Compare the widths of the two prediction intervals to the two confidence intervals you calculated in part a.
Choose the correct answer below.
A.The prediction intervals are both larger than the corresponding confidence intervals.
B.The prediction intervals are both smaller than the corresponding confidence intervals.
C.The two prediction intervals are the same size as the corresponding confidence intervals.
D.There is no difference in the widths of the four intervals.
Comment on the reasons for any difference. Choose the correct answer below.
A. The value of t α/2 for the estimated mean value of y is smaller than the value of t α/2 for the predicted value of y.
B. The standard error for the estimated mean value of y is smaller than the standard error for the predicted value of y.
C. The standard error for the estimated mean value of y is larger than the standard error for the predicted value of y.
D. The value of t α/2 for the estimated mean value of y is larger than the value of t α/2 for the predicted value of y.
c. Suppose you were asked to predict the useful life of a brand A cutting tool for a cutting speed of x=100 meters per minute. Because the given value of x is outside the range of the sample x-values, the prediction is an example of extrapolation. Predict the useful life of a brand A cutting tool that is operated at 100 meters per minute and construct a 95% prediction interval for the actual useful life of the tool. What additional assumption do you have to make in order to ensure the validity of an extrapolation?
The predicted useful life of a brand A cutting tool that is operated at 100 meters per minute is _____ hours. (Round to two decimal places as needed.)
The actual predicted useful life of a brand A cutting tool when the speed is 100 meters per minute is ______ to ____ hours. (Round to one decimal place as needed.)
What additional assumption do you have to make in order to ensure the validity of an extrapolation?
A.The linear regression is an accurate model when x=100.
B.The value of t α/2 can be found for x=100.
C.There is no additional assumption required.
In: Statistics and Probability
Sora Industries has 65 million outstanding shares,$130 million in debt, $50 million in cash, and the following projected free cash flow for the next four years
|
Year |
0 |
1 |
2 |
3 |
4 |
|||
|
Earnings and FCF Forecast ($ million) |
||||||||
|
1 |
Sales |
433.0 |
468.0 |
516.0 |
547.0 |
574.3 |
||
|
2 |
Growth vs. Prior Year |
8.1% |
10.3% |
6.0% |
5.0% |
|||
|
3 |
Cost of Goods Sold |
(313.6) |
(345.7) |
(366.5) |
(384.8) |
|||
|
4 |
Gross Profit |
154.4 |
170.3 |
180.5 |
189.5 |
|||
|
5 |
Selling, General, & Admin. |
(93.6) |
(103.2) |
(109.4) |
(114.9) |
|||
|
6 |
Depreciation |
(7.0) |
(7.5) |
(9.0) |
(9.5) |
|||
|
7 |
EBIT |
53.8 |
59.6 |
62.1 |
65.2 |
|||
|
8 |
Less: Income Tax at 40% |
(21.5) |
(23.8) |
(24.8) |
(26.1) |
|||
|
9 |
Plus: Depreciation |
7.0 |
7.5 |
9.0 |
9.5 |
|||
|
10 |
Less: Capital Expenditures |
(7.7) |
(10.0) |
(9.9) |
(10.4) |
|||
|
11 |
Less: Increase in NWC |
(6.3) |
(8.6) |
(5.6) |
(4.9) |
|||
|
12 |
Free Cash Flow |
25.3 |
24.6 |
30.8 |
33.3 |
|||
a. Suppose Sora's revenue and free cash flow are expected to grow at a 5.4% rate beyond year four. If Sora's weighted average cost of capital is
9.0%, what is the value of Sora stock based on this information?
b. Sora's cost of goods sold was assumed to be 67% of sales. If its cost of goods sold is actually 70% of sales, how would the estimate of the stock's value change?
c. Return to the assumptions of part (a) and suppose Sora can maintain its cost of goods sold at 67% of sales. However, the firm reduces its selling, general, and administrative expenses from 20% of sales to 16% of sales. What stock price would you estimate now? (Assume no other expenses, except taxes, are affected.)
d. Sora's net working capital needs were estimated to be 18% of sales (their current level in year zero). If Sora can reduce this requirement to 12% of sales starting in year 1, but all other assumptions are as in (a), what stock price do you estimate for Sora? (Hint: This change will have the largest impact on Sora's free cash flow in year 1.)
In: Finance
Assume a firm has cash of $10 and a project that is either worth $130 or $80 (50% chance of each). The firm owes $110 to the bank. Similar to the example in class, the following shows the value of assets, debt, and equity where the amounts are calculated based on expected values.
|
Cash |
$10 |
Debt |
$100 |
|
Project |
$105 |
Equity |
$15 |
|
Total |
$115 |
Total |
$115 |
Assume the firm is considering a new project which requires an initial investment of $5. If the new project is accepted, the $5 will be paid for using the firm’s cash. The new project has a $10 cash flow in the good state (i.e., increasing the “project” cash flows in the good state from $130 to $140). In the bad state, the new project’s cash flow is -$10 (i.e., decreasing the “project” cash flows in the bad state from $80 to $70). What is the expected value of the firm’s equity if the firm decides to accept this new project?
Refer back to the facts in the previous problem. What is the expected value of the firm’s debt if the firm decides to accept this new project?
In: Finance
Have to use C language
Pseudocode
A #define called BITS should be set at the top of the program. It
should be set to 8 when the program is submitted. This
define should be used throughout the entire program when
setting/using array sizes/max element. This define will also
be used in the output to print 8-bit vs 16 bit. Your program should
function whether the define is set to 8 or to 16.
Part of the grading process will be to change the define from 8 to
16 and to recompile your program to see if your program still
runs properly. See sample output.
main()
Print instructions (see sample output below)
Prompt for and store both numbers and the operator. Use only one
scanf() to store all three values.
While either number is less than 0 or more than 255, continue to
prompt for input until a valid number is entered (hint
– use a while loop). See sample output below.
Call function ConvertDecimalToBinary() to convert the first number
to binary.
Call function ConvertDecimalToBinary() to convert the second number
to binary.
If the entered operator is an allowed operator, then convert the
result to binary and print the decimal result and
binary result as seen in the sample code.
ConvertDecimalToBinary()
Return type : void
Parameters :
int containing the decimal value to be converted
char array (hint : the array is passed empty from main() and this
function fills it so when the function
finishes, the array back in main() will contain the values added in
the function).
This function will use a method of decimal to binary conversion
called “Divide in Half, Ignore the Remainder”. Please
watch the following video for a demonstration of the method.
https://youtu.be/XdZqk8BXPwg
Create a local int array. This array will store the result of each
divide by 2 which will be accomplished using
bitshifting instead of division to divide the number in half. Use a
bitmask to determine if an array element if odd (1) or
even (0). YOU MUST USE THIS METHOD IN THIS ASSIGNMENT.
Using a for loop, loop over the int array and write each element
into the char array that was passed in. Hint : keep
in mind what the ASCII value is for the number zero when writing
the int array element into the char array. If you
store the number 65 in a char, it will be ‘A’ so if you want to
store the number 0 in a char array, you will need to …?
HINT : make sure your char arrays are one bigger than the number of
BITS so that you have room for the null terminator so
that %s prints correctly.
Bitwise Calculator
Enter two base 10 values with a bitwise operator to see the decimal
result
and the binary result. The format is
FirstNumber BitwiseOperator SecondNumber
For example, enter the expression
2 & 3
This calculator can used with &, |, ^, << and
>>
Please note that the spaces between numbers and operator is
essential
and the two entered values must be between 0 and 255
Enter expression 2 & 3
In base 10...
2 & 3 = 2
In 8-bit base 2...
00000010
&
00000011
========
00000010
--------------------------------------------------------------------------------------
Bitwise Calculator
Enter two base 10 values with a bitwise operator to see the decimal
result
and the binary result. The format is
FirstNumber BitwiseOperator SecondNumber
For example, enter the expression
2 & 3
This calculator can used with &, |, ^, << and
>>
Please note that the spaces between numbers and operator is
essential
and the two entered values must be between 0 and 255
Enter expression 2 | 3
In base 10...
2 | 3 = 3
In 8-bit base 2...
00000010
|
00000011
========
00000011
--------------------------------------------------------------------------------------
Bitwise Calculator
Enter two base 10 values with a bitwise operator to see the decimal
result
and the binary result. The format is
FirstNumber BitwiseOperator SecondNumber
For example, enter the expression
2 & 3
This calculator can used with &, |, ^, << and
>>
Please note that the spaces between numbers and operator is
essential
and the two entered values must be between 0 and 255
Enter expression 2 ^ 3
In base 10...
2 ^ 3 = 1
In 8-bit base 2...
00000010
^
00000011
========
00000001
--------------------------------------------------------------------------------------
Bitwise Calculator
Enter two base 10 values with a bitwise operator to see the decimal
result
and the binary result. The format is
FirstNumber BitwiseOperator SecondNumber
For example, enter the expression
2 & 3
This calculator can used with &, |, ^, << and
>>
Please note that the spaces between numbers and operator is
essential
and the two entered values must be between 0 and 255
Enter expression 2 << 3
In base 10...
2 << 3 = 16
In 8-bit base 2...
00000010 << 3
00010000
--------------------------------------------------------------------------------------
Bitwise Calculator
Enter two base 10 values with a bitwise operator to see the decimal
result
and the binary result. The format is
FirstNumber BitwiseOperator SecondNumber
For example, enter the expression
2 & 3
This calculator can used with &, |, ^, << and
>>
Please note that the spaces between numbers and operator is
essential
and the two entered values must be between 0 and 255
Enter expression 2 >> 3
In base 10...
2 >> 3 = 0
In 8-bit base 2...
00000010 >> 3
00000000
--------------------------------------------------------------------------------------
Bitwise Calculator
Enter two base 10 values with a bitwise operator to see the decimal
result
and the binary result. The format is
FirstNumber BitwiseOperator SecondNumber
For example, enter the expression
2 & 3
This calculator can used with &, |, ^, << and
>>
Please note that the spaces between numbers and operator is
essential
and the two entered values must be between 0 and 255
Enter expression 100 >> 3
In base 10...
100 >> 3 = 12
In 8-bit base 2...
01100100 >> 3
00001100
--------------------------------------------------------------------------------------
Bitwise Calculator
Enter two base 10 values with a bitwise operator to see the decimal
result
and the binary result. The format is
FirstNumber BitwiseOperator SecondNumber
For example, enter the expression
2 & 3
This calculator can used with &, |, ^, << and
>>
Please note that the spaces between numbers and operator is
essential
and the two entered values must be between 0 and 255
Enter expression 2 * 3
Operator * is not supported by this calculator
Change
#define BITS 8
to
#define BITS 16
Bitwise Calculator
Enter two base 10 values with a bitwise operator to see the decimal
result
and the binary result. The format is
FirstNumber BitwiseOperator SecondNumber
For example, enter the expression
2 & 3
This calculator can used with &, |, ^, << and
>>
Please note that the spaces between numbers and operator is
essential
and the two entered values must be between 0 and 255
Enter expression 4 & 6
In base 10...
4 & 6 = 4
In 16-bit base 2...
0000000000000100
&
0000000000000110
========
0000000000000100
If you have questions please ask .. Thank you.
In: Computer Science
The literature review section of a conference presentation should last about ____ minutes.
a. three
b. five
c. seven
d. nine
In: Statistics and Probability
| Twenty First Century Laundry | |||||||||
| 69 | 3 | 1 | 72 | 93 | 3 | 80 | 6 | 5 | 36 |
| 42 | 2 | 64 | 44 | 15 | 77 | 49 | 85 | 82 | 102 |
| 28 | 70 | 41 | 30 | 25 | 45 | 31 | 49 | 49 | 49 |
| 13 | 42 | 27 | 13 | 45 | 31 | 14 | 34 | 32 | 39 |
| 19 | 29 | 12 | 19 | 30 | 14 | 21 | 14 | 14 | 52 |
| 7 | 13 | 18 | 8 | 14 | 19 | 18 | 21 | 21 | 5 |
| 94 | 19 | 6 | 107 | 19 | 2 | 41 | 7 | 15 | 15 |
| 53 | 8 | 90 | 55 | 2 | 64 | 16 | 12 | 27 | 53 |
| 35 | 16 | 35 | 38 | 3 | 9 | 9 | 9 | 11 | 39 |
| 16 | 17 | 18 | 23 | 74 | 25 | 26 | 58 | 59 | 62 |
Construct and show one box plot for the overall data. clearly show the values for the 5 box plot statistics
What are the values for the upper outlier and lower outlier limits?
Are there any outliers?
In: Statistics and Probability