Questions
Questions 1 through 12 are based on the following You work for a men’s designer apparel...
Questions 1 through 12 are based on the following You work for a men’s designer apparel company based in the US that is planning to expand to the Netherlands. Your target market is young professional men in the age range 24-35. You conducted a survey of 239 Dutch people that satisfies this criterion. From this survey, you have the following information: average income = $43,348.44, standard deviation = $21,989.02, Standard Error = $1422.35
Question 1
The above income information obtained from the survey pertains to
a.The population of Dutch professional men in the age range 24-35
b. The sample of 239 Dutch professional men in the age range 24-35
c. Sampling distributions of the average income (n=239) of Dutch professional men in the age range 24-35
Question 2
The mean of the sampling distribution (n=239) of the average income of Dutch professional men in the age range 24-35 is
a. $43,348.44
b.$45,905.00
c.We need a confidence interval estimate
Question 3 The standard deviation of the sampling distribution of the average income (n=239) of Dutch professional men in the age range 24-35 is
a. $21,989.02
b.$1422.35
c.We need to calculate the z-value
Question 4
You would like to know if the average income of your target market in the Netherlands is different from the US market. In the US, the average income is $45,000. In the past, your company did not expand to another country if the average income of the target market was different from the US. What are the appropriate null and alternative hypotheses to pursue your research question? Group of answer choices
a.Null Hypothesis: The average income of Dutch professional men in the survey is $45,000; Alternative Hypothesis: The average income of Dutch professional men in the survey is different from $45,000
b.Null Hypothesis: The average income of Dutch professional men aged 24 - 35 is $45,000; Alternative Hypothesis: The average income of Dutch professional men aged 24 - 35 is different from $45,000
c.None of the above
Question 5
From the above sample, the 90% confidence interval estimate of the average income of Dutch target market is [$40,999.74, $45,697.15]. Based on this information,
a.Reject the Null Hypothesis at 10% level of significance
b.Fail to Reject the Null Hypothesis at 10% level of significance
c.We need more information
Question 6
What is the Z-value (Ztest) of the hypothesis test? ______ (round up to 2 decimal points).
Question 7
At 10% level of significance, the rejection region to test your hypothesis is:
a.Z < -1.16 or Z >1.16
b.Z < - 1.96 or Z > 1.96
c.Z < -1.64 or Z > 1.64
Question 8
Based on the test-statistics and your chosen level of significance, what is your statistical inference?
a.Reject the Null Hypothesis
b.Fail to Reject the Null Hypothesis
Question 9
The p-value of the above hypothesis test is 0.247. What is your statistical decision (previously, you chose a significance level of 10%)?
a. Reject the Null Hypothesis
b. Fail to Reject the Null Hypothesis
Question 10
Based on the statistical inference above, what is your business decision? In the past, your company did not expand to another country if the average income of the target market was different from the US. Group of answer choices
a.Expand to Netherlands
b.Do not expand to Netherlands
c.I am undecided
Question 11
If the actual average income of the Dutch target market is $43,000, then your statistical decision and subsequent business decision is an example of
Group of answer choices
a.Type I Error
b.Type II Error
c. No Error has been committed
Question 12
How would your statistical and subsequent business decision change if you use a 5% level of significance (instead of the 10% level of significance used above) Group of answer
a. choices Remains the same
b. Gets reversed
In: Statistics and Probability
1-Explain why a company that is publicly traded using a US market may not file a...
1-Explain why a company that is publicly traded using a US market may not file a report on Form 10-K and still be in compliance with its’ annual reporting obligation.
2- Identify the reports that accompany a set of financial statements .
In: Accounting
Let's begin by talking about plant assets. Can you tell us what kind of plant assets...
Let's begin by talking about plant assets. Can you tell us what kind of plant assets are used in your company or place of business? Do you have an estimate of the amount invested in those plant assets?
In: Accounting
Please write in your own words. The following are independent situations: (i) Bob is an audit...
Please write in your own words.
The following are independent situations: (i) Bob is
an audit assistant currently undertaking university studies. While
auditing the books of Club Casino, he comes across certain
financial information that he believes will assist him in
completing one of his university assignments. He copies the
information and uses it in his assignment, carefully removing all
reference to Club Casino in order to preserve the client’s
confidentiality. (ii) Wendy has been the engagement partner on the
Ace Limited audit for a number of years. Some time ago, Ace’s
long-standing company secretary retired and Ace took six months to
find a replacement. At Ace’s request, Wendy performed company
secretarial duties for this period of time. (iii) Leo is the eldest
son of the factory foreman of one of your firm’s major audit
clients, Precision Machinery Limited. During vacation work, L is
assigned to the audit of Precision Machinery. Leo’s work comprised
testing the internal controls of the cash payments system. (iv)
Chan & Associates are auditors of Classic Reproductions Pty.
Limited, a large furniture wholesaler currently experiencing
financial difficulties. Classic Reproductions is a significant
client of Chan & Associates and have not paid their audit fee
for the past three years. The audit partner recently threatened to
resign from the audit if the outstanding fees were not paid. To
prevent this occurring, Classic Reproductions offered to supply
Chan & Associates with new office furniture. The partner
accepted this offer in full consideration of the outstanding fees,
even though the furniture was only worth 50% of the balance. As a
thankyou present, Classic Reproductions gave the partner a 25%
shareholding in an unrelated listed company. At present these
shares are worth $1,000. Chan & Associates do not act as
auditors of this company.
Required: a) Define actual and perceived independence,
and explain the importance of each. b) For each of the above
independent situations list any professional standards and
regulatory requirements breached and discuss possible alternative
courses of action the auditor should have taken in order to
properly discharge their professional responsibilities.
In: Accounting
Assume today is the 21st of February. Using the information below, FT Extract, answer the following questions (parts i and ii). You work for a US company that is due to receive £250 million in June (you are a US exporter).
Assume today is the 21st of February. Using the information below, FT Extract, answer the following questions (parts i and ii). You work for a US company that is due to receive £250 million in June (you are a US exporter). You, as a treasurer of the company, have decided to use currency futures to hedge the currency exposure risk of this transaction.
i. Using the information content is FT Extract above set out the hedge. Assume that you will receive £250 million on the same day as the June futures contracts mature.
The exchange has a total spread of $0.04 on the average quote.
ii. Estimate the cash flows in June if the actual exchange rate and the future price is $1.99/£1 on the day you receive the £250 million and close your futures position.
In: Finance
enterprenuership in actions...tell us about us.
enterprenuership in actions...tell us about
us.
In: Economics
BRIEFLY explain your understanding of the effects of tariffs of goods from Mexico on Aggregate Demand and supply.
Mexico is the third largest US trading partner. (Source: US Census: U.S. Trade in Goods by Country (Links to an external site.) (Links to an external site.))
China – $636 billion
Canada – $582.4 billion
Mexico – $557 billion
Japan – $204.2 billion
Germany – $171.2 billion
South Korea – $119.4 billion
United Kingdom – $109.4 billion
France – $82.5 billion
India – $74.3 billion
Italy – $68.3 billion
Taiwan – $68.2 billion
Brazil – $66.5 billion
Netherlands – $60 billion
Ireland – $59.6 billion
Switzerland – $57.7 billion
There has been much talk recently about tariffs added on goods traded from Mexico to the US.
BRIEFLY explain your understanding of the effects of tariffs of goods from Mexico on Aggregate Demand and supply.
In: Economics
You are to analyze the Economic aspects of each of the following three countries ( Russia,...
You are to analyze the Economic aspects of each of the following three countries ( Russia, China, Germany). The bullet points are what you are to analyze. Use only 2018/2019 numbers. Address each country individually. This project does not have to be written in paragraph form. I am looking for economic numbers. When in doubt, give the estimate if the data says so. Also state any footnotes that are included with the data.
- Currency
- Exchange rate with the US dollar
- GDP - Gross Domestic Product
- Average inflation rate
- Exports to the United States (in US dollars $)
- Imports from the United States (in US dollars $)
- Average per capita income
- Major exports to the United States
- Major imports from the United States
- Major trade partners
In: Finance
Consider a financial institution which would like to invest 100 AUD today and receive USD in...
Consider a financial institution which would like to invest 100 AUD today and receive USD in one year from now. The real rate is 5% in Australia and the inflation rate in Australia is 5%. The inflation rate in the US is 7.5%.
a) Assume that the real rate equivalence holds. Calculate the nominal interest rate in the US and Australia.
b) Assume the spot exchange rate is 0.80 USD per 1 AUD. Calculate the forward rate for one year from now.
c) Consider the following two strategies:
1. The financial institution invests 100 AUD in Australia for one
year and transfers the repayment at the forward rate.
2. The financial institution transfers 100 AUD to USD at the spot exchange rate and invests in the US.
Calculate the investment result and interpret your finding.
In: Finance
PROPOSAL John is an entrepreneur who wants to launch a company. The company will have four...
PROPOSAL
John is an entrepreneur who wants to launch a company. The company will have four main functions: consultancy, conducting marketing research, training and writing of books. You have been invited to conduct research on an appropriate name for this company.
Four names have been proposed: a) Path team, b) salmon consulting, b) Regened researchers and d) transformative researchers
Required
Write a proposal to test these names
In: Operations Management