Questions
Discuss your perspectives on why millions of Americans do not have a passport and have never...

Discuss your perspectives on why millions of Americans do not have a passport and have never traveled outside the United States. Discuss your perspectives on why millions of American employees have never sought to work for an American corporation outside of the United States. Discuss your perspectives on whether you feel Americans have a fear of living and working in another country.

In: Finance

After reading the below article tell in your own words how Russia bugged an American Embassy’s...

After reading the below article tell in your own words how Russia bugged an American Embassy’s Typewriters and peek at the declassified NSA report . What lessons can we apply to our world today? 200-300 words

https://spectrum.ieee.org/tech-history/silicon-revolution/the-crazy-story-of-how-soviet-russia-bugged-an-american-embassys-typewriters#.XhDXFzgGN8I.facebook

In: Computer Science

The current price of non-dividend paying stock is $50. Use a two-step tree to value an...

The current price of non-dividend paying stock is $50. Use a two-step tree to value an American put option on the stock with a strike price of $52 that expires in 12 months. Each step is 6 months and the continuously compounded risk-free rate is 6% per annum. Calculate the American put option price. Assume that u=1.2 and d=0.8.

In: Finance

Fill in the blanks with the following numbers, not the words, for this and all the...

Fill in the blanks with the following numbers, not the words, for this and all the questions that follow. Jot them down so you won't have to keep scrolling up to the top to see what they are:

  • Demand = 1
  • Supply = 2
  • Right = 3
  • Left = 4
  • Up = 5
  • Down = 6

QUESTION 6

Suppose the dollar were to strengthen in international currency markets. That is, the price of the dollar, in terms of other national currencies, went up. This could have two effects on the American economy. First, the price of foreign products (as perceived by American consumers) would go A)________, and the price of American goods (as perceived by foreign consumers) would go B)________. Both of these phenomena would cause exports to go C)_________ and imports to go D)__________. In turn, the Aggregate E)_________ curve would shift to the F)________, causing output to go G)__________ and the price level to go H)________. On the other hand, however, foreign input prices (as perceived by American firms) would go I)___________. This would shift the Aggregate J)__________ curve to shift to the K)_____________ resulting in the level of output going L)__________ and the price level going M)__________.

In: Economics

The economic structure of Major League Baseball allows some teams to make substantially more money than...

The economic structure of Major League Baseball allows some teams to make substantially more money than others, which in turn allows some teams to spend much more on player salaries. These teams might therefore be expected to have better players and win more games on the field as a result. Suppose that after collecting data on team payroll (in millions of dollars) and season win total for 2019, we find a regression equation:
Wins = 81.77 + 0.134Payroll - 0.047League
Where League is an indicator variable that equals 0 if the team plays in the National League or 1 if the team plays in the American League.
a) Calculate the predicted number of wins for a National League team with a payroll of $103 million
b) Calculate the predicted number of wins for an American League team with a payroll of $97 million
c) Suppose we plotted the data and drew the regression lines for National League and American League teams. What would be the slope of the line for American League teams?
d) What would be the intercept of the line for the National League teams?

In: Statistics and Probability

Consider randomly selecting a student at a large university. Let A be the event that the...

Consider randomly selecting a student at a large university. Let A be the event that the selected student has a Visa card, let B be the analogous event for MasterCard, and let C be the event that the selected student has an American Express card. Suppose that P(A) = 0.6,P(B) = 0.4,and P(A ∩ B) = 0.3,suppose that P(C) = 0.2,P(A ∩ C) = 0.12,P(B ∩ C) = 0.1, and P(A ∩ B ∩ C) = 0.08.

a)What is the probability that the selected student has at least one of the three types of cards?

b)What is the probability that the selected student has both a Visa card and a MasterCard but not an American Express card?

c)Calculate P(B | A)and P(A | B).

P(B | A)=

P(A | B)=

d)If we learn that the selected student has an American Express card, what is the probability that she or he also has both a Visa card and a MasterCard?

e)Given that the selected student has an American Express card, what is the probability that she or he has at least one of the other two types of cards?

In: Math

The following questions refer to options on SNAP (Ticker: SNAP), which closed today at $22.59/share.  Below are...

  1. The following questions refer to options on SNAP (Ticker: SNAP), which closed today at $22.59/share.  Below are a table of closing prices on SNAP options on 8/31/2020:

_____________________________________________________

Strike              Expiration                   Calls                Puts________

20                    October, 2020                        $3.30               $0.71

21                    October, 2020                        $2.61               $1.04

22                    October, 2020                        $2.04               $1.44

23                    October, 2020                        $1.55               $1.95

24                    October, 2020                        $1.15               $2.54

______________________________________________________

  1. Which of these options are in-the-money?
  2. Suppose you think that the price is unlikely to remain above $23 during the next month so you write a call with a strike of $23.  Create a table of values of your call position as a function of the price of SNAP at the expiration of the option position.  Use share prices in intervals of $0.25 in the range from $20 to $25.
  3. What if instead of the call you purchased a put with a strike of $23.  Create a similar table of values as in (b).  
  4. Plot the values depicted in your tables from parts (b) and (c)
  5. Suppose instead that you are bullish on SNAP stock and decide to buy calls with a strike of $22.  Give a table of values of your spread as a function of the underlying stock of SNAP at the expiration date of the option, and finally, plot the payout as a function of the underlying stock price at expiration.

In: Finance

Use the information below to answer questions 25-30. Aggie Oil owns a 100% WI in Lease...

Use the information below to answer questions 25-30.

Aggie Oil owns a 100% WI in Lease A.Lease A is burdened with a 1/6 royalty.During the month of October, Aggie Oil estimated a total of 10,000 barrels of oil were produced and sold.Assume the selling price of the oil was $80/bbl and the production tax was 5%.

Additionally, Aggie Oils books estimates until actual can be obtained at settlement.Settlement typically occurs two months after the sale.Upon settlement, Aggie Oil determined that 9,000 volumes were sold in October.Assume Aggie Oil distributes all royalty and tax payments.

25. During which month will you initially record revenue related to this sale (type out the whole month; do not abbreviate)?

QUESTION 26

During which month should cash received be recorded for this sale?

QUESTION 27

In December, determine the amount of serverance tax payable to be reversed from the October estimates.

  

QUESTION 28

In December, determine the amount of LOE for production (severance) tax to be reversed from the October estimates.

  

QUESTION 29

In December, determine the amount of oil revenue to be recorded for actuals from the October sale.

  

QUESTION 30

In December, determine the amount of royalty payable to be recorded for actuals from the October sale.

In: Accounting

Why is important to collect Co-pay's and Co-Insurance's before the patient leaves your office?

Why is important to collect Co-pay's and Co-Insurance's before the patient leaves your office?

In: Nursing

QUESTION 33 Wallace & Wallace, CPAs, audited the financial statements of West Co., a nonpublic entity,...

QUESTION 33

  1. Wallace & Wallace, CPAs, audited the financial statements of West Co., a nonpublic entity, for the year ended September 30, 20X1, and expressed an unqualified opinion. For the year ended September 30, 20X2, West issued comparative financial statements. Wallace & Wallace reviewed West's 20X2 financial statements and Gordon, an assistant on the engagement, drafted the accountant's review report below. Martin, the engagement supervisor, decided not to reissue the prior year's auditor's report, but instructed Gordon to include a separate paragraph in the current year's review report describing the responsibility assumed for the prior year's audited financial statements.

    Martin reviewed Gordon's draft and indicated in Martin's Review Notes that there were many deficiencies in Gordon's draft.

    Accountant's Review Report

    We have reviewed the accompanying balance sheet of West Company as of September 30, 20X2, and the related statements of income and cash flows for the year then ended. A review includes primarily applying analytical procedures to management's financial data and making inquiries of company management. A review also includes assessing the accounting principles used and significant estimates made by management, as well as, evaluating the overall financial statement presentation.

    Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America.

    Our responsibility is to conduct the review in accordance with standards issued by the American Institute of Certified Public Accountants. Those standards require us to perform procedures to obtain limited assurance that there are no material modifications that should be made to the financial statements. We believe that the results of our procedures provide a reasonable basis for our report.

    Based on our review, we are not aware of any material modifications that should be made to the accompanying financial statements. Accordingly, the accompanying financial statements have been prepared assuming that the company will continue as a going concern. Furthermore, we have no responsibility to update this report for events and circumstances occurring after the date of this report.

    The financial statements for the year ended September 30, 20X1, were audited by us and we expressed an unqualified opinion on them in our report dated November 7, 20X1, but we have not performed any auditing procedures since that date. In our opinion, the financial statements referred to above are presented fairly, in all material respects, for the year then ended in conformity with generally accepted accounting principles.

    Wallace & Wallace, CPAs
    November 6, 20X2

    For each report deficiency noted by Martin, select whether (1) Martin is correct; (2) Gordon is correct; or (3) both are incorrect.

          -       1.       2.       3.   

    There should be a reference to the prior year's audited financial statements in the first (introductory) paragraph.

          -       1.       2.       3.   

    All of the current year's basic financial statements are not properly identified in the first (introductory) paragraph.

          -       1.       2.       3.   

    The standards referred to in the third (accountant's responsibilities) paragraph should not be standards issued by the American Institute of Certified Public Accountants, but should be Standards for the Compilation and Review of Financial Statements.

          -       1.       2.       3.   

    The title of the report should be Independent Review Report.

          -       1.       2.       3.   

    The statement in the third paragraph that the accountant is required to perform procedures to obtain limited assurance that there are no material modifications that should be made to the financial statements should be in the introductory paragraph following the description of a review.

          -       1.       2.       3.   

    There should be a statement in the second (management's responsibilities) paragraph that describes management's responsibilities relative to internal control.

          -       1.       2.       3.   

    There should be a comparison of the scope of a review to an audit in the introductory paragraph.

          -       1.       2.       3.   

    There should be no reference to assessing the accounting principles used; significant estimates made by management; and evaluating the overall financial statement presentation in the introductory paragraph.

    1.

    Martin is correct

    2.

    Gordon is correct

    3.

    Both are incorrect

In: Accounting