Health insurers are beginning to offer telemedicine services online that replace the common office visit. A company provides a video service that allows subscribers to connect with a physician online and receive prescribed treatments. The company claims that users of its online service saved a significant amount of money on a typical visit. The data shown below ($), for a sample of 20 online doctor visits, are consistent with the savings per visit reported by the company.
| 90 | 32 | 38 | 103 |
| 81 | 53 | 54 | 47 |
| 38 | 74 | 46 | 94 |
| 91 | 72 | 71 | 76 |
| 91 | 98 | 51 | 80 |
Assuming the population is roughly symmetric, construct a 95% confidence interval for the mean savings in dollars for a televisit to the doctor as opposed to an office visit. (Round your answers to the nearest cent.)
$ to $
In: Statistics and Probability
2. The joint pmf of ? and ? is given by
??,? (?, ?) = （x+y）/27 ??? ? = 0, 1,2; ? = 1, 2, 3,
and ??,? (?, ?) = 0 otherwise.
a. Find ?(?|? = ?) for all ? = 0,1, 2.
b. Find ?(3 + 0.2?|? = 2).
In: Statistics and Probability
Required information
Problem 1-7A Analyzing transactions and preparing financial statements LO P1, P2
[The following information applies to the questions
displayed below.]
Gabi Gram started The Gram Co., a new business that began
operations on May 1. The Gram Co. completed the following
transactions during its first month of operations.
May 1 G. Gram invested $40,000 cash in the company.
1 The company rented a furnished office and paid $2,200 cash for May’s rent.
3 The company purchased $1,890 of office equipment on credit.
5 The company paid $750 cash for this month’s cleaning services.
8 The company provided consulting services for a client and immediately collected $5,400 cash.
12 The company provided $2,500 of consulting services for a client on credit.
15 The company paid $750 cash for an assistant’s salary for the first half of this month.
20 The company received $2,500 cash payment for the services provided on May 12.
22 The company provided $3,200 of consulting services on credit.
25 The company received $3,200 cash payment for the services provided on May 22.
26 The company paid $1,890 cash for the office equipment purchased on May 3.
27 The company purchased $80 of office equipment on credit.
28 The company paid $750 cash for an assistant’s salary for the second half of this month.
30 The company paid $300 cash for this month’s telephone bill.
30 The company paid $280 cash for this month’s utilities.
31 G. Gram withdrew $1,400 cash from the company for personal use.
Problem 1-7A Part 2 and 3
2-a. Prepare income statement for May.
2-b. Prepare statement of owner's equity for
May.
2-c. Prepare Balance Sheet for May 31.
3. Prepare statement of cash flows for May.
In: Accounting
The following selected transactions were completed by Amsterdam Supply Co., which sells office supplies primarily to wholesalers and occasionally to retail customers. Amsterdam Supply uses the net method under a perpetual inventory system. Also note that the company uses a clearing house to take care of all bank as well as non-bank credit cards used by its customers.
Record on page 10 of the journal
| Mar. | 2 | Sold merchandise on account to Equinox Co., $20,800, terms FOB destination, 1/10, n/30. The cost of the goods sold was $13,530. |
| 3 | Sold merchandise for $12,500 plus 6% sales tax to retail cash customers. The cost of the goods sold was $6,410. | |
| 4 | Sold merchandise on account to Empire Co., $60,260, terms FOB shipping point, n/eom. The cost of the goods sold was $33,300. | |
| 5 | Sold merchandise for $28,100 plus 6% sales tax to retail customers who used MasterCard. The cost of the goods sold was $19,420. | |
| 12 | Received check for amount due from Equinox Co. for sale on March 2. | |
| 14 | Sold merchandise to customers who used American Express cards, $14,500. The cost of the goods sold was $8,180. | |
| 16 | Sold merchandise on account to Targhee Co., $26,500, terms FOB shipping point, 1/10, n/30. The cost of the goods sold was $14,770. | |
| 18 | Issued credit memo for $4,300 to Targhee Co. for merchandise returned from sale on March 16. The cost of the merchandise returned was $2,650. |
Record on page 11 of the journal
| Mar. | 19 | Sold merchandise on account to Vista Co., $8,850, terms FOB shipping point, 2/10, n/30. Added $70 to the invoice for prepaid freight. The cost of the goods sold was $4,600. |
| 26 | Received check for amount due from Targhee Co. for sale on March 16 less credit memo of March 18. | |
| 28 | Received check for amount due from Vista Co. for sale of March 19. | |
| 31 | Received check for amount due from Empire Co. for sale of March 4. | |
| 31 | Paid Fleetwood Delivery Service $5,760 for merchandise delivered during March to customers under shipping terms of FOB destination. | |
| Apr. | 3 | Paid City Bank $870 for service fees for handling MasterCard and American Express sales during March. |
| 15 | Paid $6,146 to state sales tax division for taxes owed on sales. |
Journalize the entries to record the transactions of Amsterdam Supply Co. Refer to the Chart of Accounts for exact wording of account titles.
Chart of Accounts
| CHART OF ACCOUNTS | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Amsterdam Supply Co. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| General Ledger | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Journal
In: Accounting
Division A manufactures electronic circuit boards. The boards can be sold either to Division B of the same company or to outside customers. Last year, the following activity occurred in Division A:
| Selling price per circuit board | $ | 186 |
| Variable cost per circuit board | $ | 128 |
| Number of circuit boards: | ||
| Produced during the year | 22,000 | |
| Sold to outside customers | 14,500 | |
| Sold to Division B | 7,500 | |
Sales to Division B were at the same price as sales to outside
customers. The circuit boards purchased by Division B were used in
an electronic instrument manufactured by that division (one board
per instrument). Division B incurred $260 in additional variable
cost per instrument and then sold the instruments for $670
each.
Required:
1. Prepare income statements for Division A, Division B, and the company as a whole.
2. Assume Division A’s manufacturing capacity is 22,000 circuit boards. Next year, Division B wants to purchase 8,500 circuit boards from Division A rather than 7,500. (Circuit boards of this type are not available from outside sources.) From the standpoint of the company as a whole, should Division A sell the additional 1,000 circuit boards to Division B or continue to sell them to outside customers?
Prepare income statements for Division A, Division B, and the company as a whole.
|
Assume Division A’s manufacturing capacity is 22,000 circuit boards. Next year, Division B wants to purchase 8,500 circuit boards from Division A rather than 7,500. (Circuit boards of this type are not available from outside sources.) From the standpoint of the company as a whole, should Division A sell the additional 1,000 circuit boards to Division B or continue to sell them to outside customers?
|
In: Accounting
In what ways do bonds differ from stocks? Check all that apply.
(there are 4 correct answers)
a) In a bankruptcy, bond holder claims are prioritized while stock holder claims are not.
b) Stock dividend payments are discretionary while bond coupon payments are not discretionary.
c) Bond holders are guaranteed their coupon payments and principal at maturity while stockholders are not guranteed any payments.
d) Bond holders don’t generally vote while stockholders generally do vote.
e) Bonds are not traded on exchanges while stocks are traded on exchanges.
In: Economics
Assume that MHS purchased two additional pieces of equipment on April 1st (the first day of its fiscal year), as follows: 1. The laboratory equipment cost $300,000 and has an expected life of 5 years. The salvage value is 5 percent of cost. No equipment was traded in on this purchase. 2. The radiology equipment cost $800,000 and has an expected life of 7 years. The salvage value is 10 percent of cost. No equipment was traded in on this purchase. For both pieces of equipment:
1. Compute the straight-line depreciation.
2. Compute the double declining balance depreciation.
In: Accounting
To assess a cola video ad, a random sample of 38 individuals from a target audience was selected to participate in a copy test. Participants viewed two ads, one of which was the ad being tested. Participants then answered a series of questions about how much they liked the ads. An adindex measure was created and stored in Adindex; the higher the adindex value, the more likeable the ad. Compute descriptive statistics and perform an appropriate test to determine if there is a difference between the two ads. State your hypotheses, your findings and conclusions in a report. (Use the 0.05 level of significance.)
|
Respondent |
Cola A Adindex |
Cola B Adindex |
|
1 |
12 |
21 |
|
2 |
24 |
24 |
|
3 |
18 |
18 |
|
4 |
12 |
15 |
|
5 |
21 |
18 |
|
6 |
12 |
18 |
|
7 |
15 |
21 |
|
8 |
24 |
24 |
|
9 |
9 |
18 |
|
10 |
9 |
21 |
|
11 |
24 |
18 |
|
12 |
18 |
27 |
|
13 |
18 |
9 |
|
14 |
24 |
21 |
|
15 |
27 |
18 |
|
16 |
18 |
15 |
|
17 |
9 |
15 |
|
18 |
15 |
30 |
|
19 |
21 |
18 |
|
20 |
15 |
24 |
|
21 |
24 |
30 |
|
22 |
21 |
27 |
|
23 |
6 |
21 |
|
24 |
24 |
27 |
|
25 |
15 |
15 |
|
26 |
15 |
24 |
|
27 |
12 |
21 |
|
28 |
21 |
21 |
|
29 |
15 |
21 |
|
30 |
18 |
12 |
|
31 |
21 |
18 |
|
32 |
21 |
27 |
|
33 |
21 |
24 |
|
34 |
30 |
24 |
|
35 |
27 |
30 |
|
36 |
24 |
27 |
|
37 |
15 |
27 |
|
38 |
30 |
21 |
In: Statistics and Probability
Use the following information on Disney to answer the case questions.
What is the Constant Growth Model, the Multi-Stage Growth Model, Discounted Dividend Model, and Market Multiples Approach?
In: Finance
Use the following information on Disney to answer the case questions.
◼ Disney’s current stock price is $140.00 per share. The average growth rate of the company’s dividend has been 17.7% from 2004 through 2018
◼ Disney’s return on equity is 28.0% and the company retains approximately 80.0% of its profits while paying out the remaining 20.0% in dividends.
◼ The company’s stock currently trades at 21.21 times its current year earnings estimate of $6.60 per share.
◼ Analysts expect the company to earn $6.19 per share in 2020 and $6.93 in 2021. ◼ Disney’s peers in media networks trade at 25.5 times their current year earnings estimates while peers in parks, experiences and consumer products at 21.9; studio entertainment at 19.1 and DTCI at 14.1.
◼ Assume the expected return for Disney’s stock is 6.9%.
What is Disney stock’s intrinsic value using Multi-Stage Growth Model
In: Finance