1. For the first year, the average smart phone was approximately $250, and sales for that year were forecast to be 997.7 million. For the second year the average smart phone was approximately $200, and sales for that year were forecast to be 1401.3 million. A) Assume that the quantity of smart phones sold each year, q (in millions), is the linear function of price per smart phone, p (in US dollars). Write an equation for q as a function of p. B) Explain, in the context of sales, why it is reasonable that the slope of your linear function is negative. C) In the context of smart phone sales, what is the significance of the verticle axis intercept for your linear function?
In: Math
In: Math
According to the research, 44 % of homes sold in a certain month and year were purchased by first-time buyers. A random sample of 195 people who just purchased homes is selected.
Complete parts a through e below.
a. Calculate the standard error of the proportion (Round to four decimal places as needed.)
b. What is the probability that less than 91 of them are first-time buyers? (Round to four decimal places as needed.)
c. What is the probability that more than 93 of them are first-time buyers? (Round to four decimal places as needed.)
d. What is the probability that more than 85 of them are first-time buyers? (Round to four decimal places as needed.)
e. What is the probability that between 74 and 80 of them are first-time buyers? (Round to four decimal places as needed.)
In: Statistics and Probability
About what does a BBB 5-year corporate bond pay?
In: Accounting
Suppose at December 31 of a recent year, the following information (in thousands) was available for sunglasses manufacturer Oakley Inc.: ending inventory $175,000; beginning inventory $119,000; cost of goods sold $414,540 and sales revenue $773,000.
Calculate the inventory turnover for Oakley, Inc.
(Round inventory turnover to 2 decimal places, e.g.
5.12.)
Calculate the days in inventory for Oakley, Inc.
(Round days in inventory to 0 decimal places, e.g.
125.)
In: Accounting
Marc and Michelle are married and earned salaries this year of $69,600 and $14,100, respectively. In addition to their salaries, they received interest of $350 from municipal bonds and $1,200 from corporate bonds. Marc contributed $3,200 to an individual retirement account, and Marc paid alimony to a prior spouse in the amount of $2,200. Marc and Michelle have a 10-year-old son, Matthew, who lived with them throughout the entire year. Thus, Marc and Michelle are allowed to claim a $2,000 child tax credit for Matthew. Marc and Michelle paid $7,400 of expenditures that qualify as itemized deductions and they had a total of $6,340 in federal income taxes withheld from their paychecks during the course of the year
1. What is Marc and Michelle’s gross income?
2.What is Marc and Michelle’s adjusted gross income?
3. What is the total amount of Marc and Michelle’s deductions from AGI?
4. What is Marc and Michelle’s taxable income?
5.What is Marc and Michelle’s taxes payable or refund due for the year?
In: Accounting
A subsidiary made sales of inventory to its parent at a profit this year. The parent, in turn, sold all but 20 percent of the inventory to unaffiliated companies, recognizing a profit. The amount that should be reported as cost of goods sold in the consolidated income statement prepared for the year should be:
A. the amount reported as intercompany sales by the subsidiary.
B. the amount reported as intercompany sales by the subsidiary minus unrealized profit in the ending inventory of the parent.
C. the amount reported as cost of goods sold by the parent minus unrealized profit in the ending inventory of the parent.
D. the amount reported as cost of goods sold by the parent.
In: Accounting
Suppose at December 31 of a recent year, the following information (in thousands) was available for sunglasses manufacturer Oakley Inc.: ending inventory $153,357; beginning inventory $122,003; cost of goods sold $350,824 and sales revenue $820,884.
Calculate the inventory turnover for Oakley, Inc. (Round inventory turnover to 2 decimal places, e.g. 5.12.)
Inventory turnover =
Calculate the days in inventory for Oakley, Inc. (Round days in inventory to 0 decimal places, e.g. 125.)
Days in inventory =
In: Accounting
Marc and Michelle are married and earned salaries this year of $64,000 and $12,000 respectively. In addition to their salaries, they received interest of $350 from municipal bonds and $500 from corporate bonds. Marc contributed $2,500 to an individual retirement account that he also paid alimony to a prior spouse in the amount of $1,500. Marc and Michelle have a 10-year old son, Matthew, who lived with them throughout the entire year. Thus, Marc and Michelle are allowed to claim a $2,000 child tax credit for Matthew. Marc and Michelle paid $6,000 of expenditures that qualify as itemized deductions and they had a total of $5,500 in federal income taxes withheld from their paychecks during the course of the year.
Fill our the attached 1040 and schedule 1 and answers these questions:
1) What is Marc and Michelle's gross income?
2) What is MArc and Michelle's adjusted gross income?
3) What is the total amount of Marc and Michelle's deductions from AGI?
4) What is Marc and Michelle's taxable income?
5) What is MArc and Michelle's taxes payable or refund de for the year (use the tax rate schedules)?
In: Accounting
If the amount of interest paid in any given year reduces the amount of income that is subject to federal taxes and the after-tax return on equity is increasing with the amount of debt financing used to finance the acquisition, then
a) the increased return to equity reflects an increase in the market value of the property
b) the increased return to equity reflects the present value of the tax shields associated with debt
c) the increased return to equity offers compensation for the greater risk associated with increased leverage
d) both a and c
e) both b and c
In: Finance