Daily Enterprises is purchasing a $ 10.2 million machine. It will cost $ 50,000 to transport and install the machine. The machine has a depreciable life of five years and will have no salvage value. The machine will generate incremental revenues of $ 3.8 million per year along with incremental costs of $ 1.2 million per year. If​ Daily's marginal tax rate is 35 %​, what are the incremental earnings​ (net income) associated with the new​ machine?

You are given the following data, where X1 (GRE total score) and X2 (undergraduate GPA) are used to predict Y (graduate GPA):

Y          X1       X2

Determine the following multiple regression values.

Report intercept and slopes for regression equation accurate to 3 decimal places:
    Intercept: a=
    Partial slope X1: b1=
    Partial slope X2: b2=


Report sum of squares accurate to 3 decimal places:
    SSreg=
    SSTotal=

Test the significance of the overall regression model (report F-ratio accurate to 3 decimal places and P-value accurate to 4 decimal places):
    F-ratio =
    P-value =

Report the variance of the residuals accurate to 3 decimal places:
    s2res=

Report the standard error of the partial slope estimate for GRE total along with the test statistic (report answers accurate to 3 decimal places):
    s(b1)=
    t1=

) A nuclear power facility produces a vast amount of heat which is usually discharged into aquatic systems. This heat raises the temperature of the aquatic system, resulting in a greater concentration of chlorophyll, which in turn extends the growing season. To study this effect, water samples were collected monthly at 3 stations for a period of 10 months. The associated data is available in a sheet named ‘Problem 2’

. (a) Write down the model form of the complete model.

(b) Write down the model form of the reduced model.

(c) Perform an analysis of variance to test the hypothesis at 0.1 level of significance, that there is no difference in the color density of a fabric for the three levels of dye.

Step by step

suppose ABC firm is considering an investment that would extend the life of one of its facilities for 5 years. the project will require upfront cost of 8 m plus (35+2) 37 millions investment in equipment. The equipment will be obsolete in 2 years and will be depreciated via straight line over that period (assume that the equipment can’t be sold). During the next 5 years ABC expect annual sales of 55 M per year from this facility. Material cost and operating expenses are expected to total 40 M and 6.8 M respectively per year. ABC expect no networking capital requirement for the project, and it pays a tax rate of 38%. ABC has 70% of equity and the remaining is in debt. if the cost of equity and debt are 8% and 6% respectively, should they take the project? a) WACC (in percentage, thus 3.8% must be entered as 3.8); b) Incremental FCF at 0; c) Incremental FCF from year 1 to year 5; d) NPV. All dollars’ answers must be submitted in Millions, thus 4.56M must be entered as 4.56. Round to the second decimal in each case.

A vice president of a company engaged in the following thought process at the end of the third quarter for his company.

If I can increase my reported profit by $2 million, the actual earnings per share will exceed analysts' expectations, and the stock prices will increase. The stock options that I am holding will become more valuable. The extra income will also make me eligible to receive a significant bonus. With a daughter getting ready to go to college, it would be good if I could cash in some of these options to help pay her college expenses. However, my vice president of finance indicates that such an increase is unlikely. The projected profit for the fourth quarter will just about meet the expected earnings per share. There may be ways, though, that I can achieve the desired outcome.

First, I can instruct all divisional managers that their preventive maintenance budgets are reduced by 25 percent for the fourth quarter. That should reduce maintenance expenses by approximately $1 million.Second, I can increase the estimated life of the existing equipment, producing a reduction of depreciation by another $500,000.Third, I can reduce the salary increases for those being promoted by 50 percent. And That should easily put us over the needed increase of $2 million.



Can you help explain the type of costs (fixed, variable, semi-variable, etc.) that the vice president is contemplating manipulating?

Comment on the effect of the "budget" manipulations in general, as well as, the effect on the employees.

Does an ethical dilemma exist?

How should the dilemma be resolved, or how would you handle it?

Is there any way to redesign the accounting reporting system to discourage the type of behavior the manager is contemplating?

During the past 4 quarters, the Port of Baltimore has unloaded large quantities of grain from ships.  The ports operations manager wants to test the use of exponential smoothing to see how well the technique works in predicting tonnage unloaded.  He guesses that the forecast of grain unloaded in the first quarter was 175 tons.  Two values of α are examined: α = .10 and α =.50.  Calculate the forecast for the 5^th quarter. Make sure to fill the spaces left blank and show all your calculations

a)Based on the data shown above, can you decide which α is best to be used? Explain the reason for your answer, and how would you proceed in order to make a decision if your answer for the previous question was in the negative.

b)Can you say which model tends to underestimate more the demand? What are the implications with respect to operations of a forecast that tends to underestimate demand? (Write down your assumptions about the operations.)

c)Can you say which model gives a higher error magnitude? What are the implications with respect to operations of a higher error magnitude? (Write down your assumptions about the operations.)

articles from PageOne Economics “Bitcoin: Money or Financial Investment?”

After reading the article, complete the following:

1. Most people hold Bitcoin in

   1. an account at their local bank.

   2. the coin pouch in a wallet.

   3. a jar on their dresser.

   4. a virtual wallet.

2. Because Bitcoin can be used to buy goods and services, it serves as a

   1. medium of exchange.

   2. transfer payment.

   3. unit of account.

   4. store of value.

3. The value (in dollars) of Bitcoin fluctuated dramatically in 2017. For savers, this has diminished its function as a

   1. medium of exchange.

   2. transfer payment.

   3. unit of account.

   4. store of value.

4. The value (in dollars) of Bitcoin fluctuated dramatically in 2017. For people trying to quote the prices of goods and services, this has diminished its function as a

   1. medium of exchange.

   2. transfer payment.

   3. unit of account.

   4. store of value.

5. Bitcoin transactions often involve “middlemen” and transaction fees for people buying goods and services. This has diminished its function as a

   1. medium of exchange.

   2. transfer payment.

   3. unit of account.

   4. store of value.

6. Why is it hard to spot a financial bubble?

1. It is difficult to determine the proper value of an asset.

2. It is difficult to buy some assets.

3. It is difficult to sell some assets.

4. Bubbles often deflate quickly.

7. Given the way people have used Bitcoin to earn a profit, many people (including Janet Yellen) believe Bitcoin is being used primarily as

   1. a collectible, like antique coins to a coin collector.

   2. a financial investment.

   3. computer code.

   4. money.

8. What is the most important aspect of the “greater fool theory” of investing?

   1. You can diversify investment options to ensure all your eggs are not in a single basket.

   2. The “intrinsic” value of an asset is the most important aspect of investing.

   3. A fool and his money are soon parted—so keep it in a savings account.

   4. You have a “greater fool” willing to buy the asset at a higher price.

Part 1

The questions in this part of the assignment will be graded.

The Hay System is a job performance evaluation method that is widely used by organizations around the world. Corporations use the system to map out their job roles in the context of the organizational structure. One of the key benefits of the method is that it allows for setting competitive, value-based pay policies. The main idea is that for each job evaluation, a number of factors (such as Skill, Effort, Responsibility and Working Conditions) are evaluated and scored by using a point system. Then, the cumulative total of points obtained will be correlated with the salary associated with the job position. As a Comp208 student, you have been commissioned to implement a simplified version of the Hay method. Particularly, the hiring company (which is called David and Joseph Ltd) is interested in getting the salary (or hay system score) for several job descriptions currently performed in the company.

Data Representation

Unfortunately, the company David and Joseph Ltd. has very strict security policies. Then, you will not be granted access to the main data base (which is called mycourses). Instead, all the information needed has been compiled in files with the following characteristics.

File 1

1. The first line of the file contains 1 positive integer: num words≤ 10000, the number of words in the Hay Point dictionary.
2. num words lines follow; each contains a word (a string of up to 16 lower-case letters) and a dollar value (an integer between 0 and 1000000). You can safely assume that the num words words in the dictionary are distinct. Each description word-value is terminated by a line containing a period.

You can take a look about how File 1 looks below.

7 administer 100000 .

spending 200000 .

manage 50000 .

responsibility 25000 .

expertise 100 .

skill 50 .

money 75000 .

Please note that for this file, num words is equal to 7.

File 2

1. The first lines of the file contains a varyingly number of comments that must be ignored. You can recognize a comment line because it always start with the # character.
2. Following the comments there is one job description. A job description consists of between 1 and 200 lines of text; for your convenience the text has been converted to lower case and has no characters other than letters, numbers, and spaces. Each line is at most 200 characters long.

You can take a look about how File 2 looks below.

#Comp208 is an amazing class

# This comment does not make sense

# It is just to make it harder

# The job description starts after this comment, notice that it has 4 lines.

# This job description has 700150 hay system points the incumbent will administer the spending of kindergarden milk money and exercise responsibility for making change he or she will share responsibility for the task of managing the money with the assistant whose skill and expertise shall ensure the successful spending exercise

Below, you can find a second example of how File 2 could look like.

#This example has only one comment

this individual must have the skill to perform a heart transplant and expertise in rocket science

The Hay System

When applying the Hay System to the latest File 2 example (i.e., this individual must have the skill to perform a heart transplant and expertise in rocket science ) on the Hay Point dictionary coded in File 1, the job description gets a total of 150 points (or salary in dollars). This score is obtained because exactly two words (i.e., expertise and skill) of the job description are found in the dictionary. Particularly, expertise and skill have a score of 100 and 50 dollars, respectivelly.

Question 1: create dictionary             (24 points)

Complete the create dictionary function, which reads the information coded in the File 1 and returns a hay points dictionary. See below for an explanation of exactly what is expected.

from typing import Dict, TextIO def create_dictionary(file1: TextIO) -> Dict[str, int]:

’’’Return a dictionary populated with the information coded in file1.

>>> File_1 = open(’File1.txt’)

>>> hay_dict = create_dictionary(File_1)

>>> hay_dict

{’administer’: 100000,

’spending’: 200000,

’manage’: 50000,

’responsibility’: 25000,

’expertise’: 100,

’skill’: 50,

’money’: 75000}

"""

Please note that the variable file1 is of type TextIO, then you can assume that file was already open and it is ready to be read.

Question 2: job description          (24 points)

Complete the job description function, which reads the information coded in the File 2 to return a list of strings with the job description. See below for an explanation of exactly what is expected.

def job_description(file2: TextIO) -> List[str]:

’’’Return a string with the job description information coded in file2.

>>> File_2 = open(’File2_1.txt’)

>>> job_desc = job_description(File_2)

>>> job_desc

[’the’, ’incumbent’, ’will’, ’administer’, ’the’, ’spending’, ’of’, ’kindergarden’, ’milk’,

’money’, ’and’, ’exercise’, ’responsibility’, ’for’, ’making’, ’change’, ’he’, ’or’,

’she’, ’will’, ’share’, ’responsibility’, ’for’, ’the’, ’task’, ’of’, ’managing’,

’the’, ’money’, ’with’, ’the’, ’assistant’, ’whose’, ’skill’, ’and’, ’expertise’,

’shall’, ’ensure’, ’the’, ’successful’, ’spending’, ’exercise’]

’’’

Please note that the variable file2 is of type TextIO, then you can assume that file was already open and it is ready to be read.

Question 3: hay points          (24 points)

Complete the hay points function, which for a job description, output the corresponding salary computed as the sum of the Hay Point values for all words that appear in the description. Words that do not appear in the dictionary have a value of 0. See below for an explanation of exactly what is expected.

def hay_points(hay_dictionary: Dict[str, int], job_description: List[str]) -> int:

’’’Returns the salary computed as the sum of the Hay Point values for all words that appear in job_description based on the points coded in hay_dictionary

>>> File_1 = open(’File1.txt’)

>>> File_2 = open(’File2_1.txt’)

>>> hay_dict = create_dictionary(File_1)

>>> job_desc = job_description(File_2)

>>> points = hay_points(hay_dict, job_desc)

>>> print(points) >>> 700150

’’’

Question 4: my test            (0 points)

The function my test is there to give you a starting point to test your functions. Please note that this function will not be graded, and it is there only to make sure that you understand what every function is expected to do and to test your own code. Note: In order for you to test your functions one at a time, comment out the portions of the my test() function that call functions you have not yet written. The expected output for the function calls is as follows:

The dictionary read from File1.txt is: {’administer’: 100000, ’spending’: 200000, ’manage’:

50000, ’responsibility’: 25000, ’expertise’: 100, ’skill’: 50, ’money’: 75000}

The string read from File2_1.txt is: [’the’, ’incumbent’, ’will’, ’administer’, ’the’,

’spending’, ’of’, ’kindergarden’, ’milk’, ’money’, ’and’, ’exercise’, ’responsibility’,

’for’, ’making’, ’change’, ’he’, ’or’, ’she’, ’will’, ’share’, ’responsibility’, ’for’,

’the’, ’task’, ’of’, ’managing’, ’the’, ’money’, ’with’, ’the’, ’assistant’, ’whose’,

’skill’, ’and’, ’expertise’, ’shall’, ’ensure’, ’the’, ’successful’, ’spending’, ’exercise’]

The salary computed is 700150

Write a Python program

The Hay System is a job performance evaluation method that is widely used by organizations around the world. Corporations use the system to map out their job roles in the context of the organizational structure. One of the key benefits of the method is that it allows for setting competitive, value-based pay policies. The main idea is that for each job evaluation, a number of factors (such as Skill, Effort, Responsibility and Working Conditions) are evaluated and scored by using a point system. Then, the cumulative total of points obtained will be correlated with the salary associated with the job position. As an engineering student, you have been commissioned to implement a simplified version of the Hay method. Particularly, the hiring company (which is called David and Joseph Ltd) is interested in getting the salary (or hay system score) for several job descriptions currently performed in the company. Data Representation Unfortunately, the company David and Joseph Ltd. has very strict security policies. Then, you will not be granted access to the main data base ). Instead, all the information needed has been compiled in files with the following characteristics. File 1 The first line of the file contains 1 positive integer: num words≤ 10000, the number of words in the Hay Point dictionary. num words lines follow; each contains a word (a string of up to 16 lower-case letters) and a dollar value (an integer between 0 and 1000000).

You can safely assume that the num words words in the dictionary are distinct. Each description word-value is terminated by a line containing a period. You can take a look about how File 1 looks below.

7
administer 100000
.
spending 200000
.
manage 50000
.
responsibility 25000
.
expertise 100
.
skill 50
.
money 75000
.

Please note that for this file, num words is equal to 7. File 2 The first lines of the file contains a varyingly number of comments that must be ignored. You can recognize a comment line because it always start with the # character. Following the comments there is one job description. A job description consists of between 1 and 200 lines of text; for your convenience the text has been converted to lower case and has no characters other than letters, numbers, and spaces. Each line is at most 200 characters long. You can take a look about how File 2.1 looks below.

#Hello how are you

# This comment does not make sense

# It is just to make it harder

# The job description starts after this comment, notice that it has 4 lines.

# This job description has 700150 hay system points \\

the incumbent will administer the spending of kindergarden milk money and exercise responsibility for making change he or she will share responsibility for the task of managing the money with the assistant whose skill and expertise shall ensure the successful spending exercise

Below, you can find a second example of how File 2.2 could look like.

#This example has only one comment

this individual must have the skill to perform a heart transplant

and expertise in rocket science

The Hay System When applying the Hay System to the latest File 2 example (i.e., this individual must have the skill to perform a heart transplant and expertise in rocket science ) on the Hay Point dictionary coded in File 1, the job description gets a total of 150 points (or salary in dollars). This score is obtained because exactly two words (i.e., expertise and skill) of the job description are found in the dictionary. Particularly, expertise and skill have a score of 100 and 50 dollars, respectivelly.

Question 1: create dictionary

Complete the create dictionary function, which reads the information coded in the File 1 and returns a hay points dictionary. See below for an explanation of exactly what is expected. from typing import Dict, TextIO def create_dictionary(file1: TextIO) -> Dict[str, int]: ’’’Return a dictionary populated with the information coded in file1. >>> File_1 = open(’File1.txt’) >>> hay_dict = create_dictionary(File_1) >>> hay_dict {’administer’: 100000, ’spending’: 200000, ’manage’: 50000, ’responsibility’: 25000, ’expertise’: 100, ’skill’: 50, ’money’: 75000} """ Please note that the variable file1 is of type TextIO, then you can assume that file was already open and it is ready to be read.

Question 2: job description (24 points) Complete the job description function, which reads the information coded in the File 2 to return a list of strings with the job description. See below for an explanation of exactly what is expected. def job_description(file2: TextIO) -> List[str]: ’’’Return a string with the job description information coded in file2. >>> File_2 = open(’File2_1.txt’) >>> job_desc = job_description(File_2) >>> job_desc [’the’, ’incumbent’, ’will’, ’administer’, ’the’, ’spending’, ’of’, ’kindergarden’, ’milk’, ’money’, ’and’, ’exercise’, ’responsibility’, ’for’, ’making’, ’change’, ’he’, ’or’, ’she’, ’will’, ’share’, ’responsibility’, ’for’, ’the’, ’task’, ’of’, ’managing’, ’the’, ’money’, ’with’, ’the’, ’assistant’, ’whose’, ’skill’, ’and’, ’expertise’, ’shall’, ’ensure’, ’the’, ’successful’, ’spending’, ’exercise’] ’’’ Please note that the variable file2 is of type TextIO, then you can assume that file was already open and it is ready to be read.

Question 3: hay points (24 points) Complete the hay points function, which for a job description, output the corresponding salary computed as the sum of the Hay Point values for all words that appear in the description. Words that do not appear in the dictionary have a value of 0. See below for an explanation of exactly what is expected. def hay_points(hay_dictionary: Dict[str, int], job_description: List[str]) -> int: ’’’Returns the salary computed as the sum of the Hay Point values for all words that appear in job_description based on the points coded in hay_dictionary >>> File_1 = open(’File1.txt’) >>> File_2 = open(’File2_1.txt’) >>> hay_dict = create_dictionary(File_1) >>> job_desc = job_description(File_2) >>> points = hay_points(hay_dict, job_desc) >>> print(points) >>> 700150 ’’’

Question 4: my test (0 points) The function my test is there to give you a starting point to test your functions. Please note that this function will not be graded, and it is there only to make sure that you understand what every function is expected to do and to test your own code. Note: In order for you to test your functions one at a time, comment out the portions of the my test() function that call functions you have not yet written. The expected output for the function calls is as follows:

The dictionary read from File1.txt is: {’administer’: 100000, ’spending’: 200000, ’manage’: 50000, ’responsibility’: 25000, ’expertise’: 100, ’skill’: 50, ’money’: 75000}

The string read from File2_1.txt is: [’the’, ’incumbent’, ’will’, ’administer’, ’the’, ’spending’, ’of’, ’kindergarden’, ’milk’, ’money’, ’and’, ’exercise’, ’responsibility’, ’for’, ’making’, ’change’, ’he’, ’or’, ’she’, ’will’, ’share’, ’responsibility’, ’for’, ’the’, ’task’, ’of’, ’managing’, ’the’, ’money’, ’with’, ’the’, ’assistant’, ’whose’, ’skill’, ’and’, ’expertise’, ’shall’, ’ensure’, ’the’, ’successful’, ’spending’, ’exercise’]

The salary computed is 700150