In: Economics
1. What trends do you notice in your data set? 2. Based on the trends and the history of your data set, make a claim. What kind of test (left, right, two tailed) would you have to complete? 3. Explain the steps needed to complete the Hypothesis Test. What is needed? Medical Prep Institute of Tampa Bay $25,823 Sanford-Brown College Online $14,667 South University Tampa $17,014 Strayer University-Florida $13,515 The University of Tampa $29,992 University of South Florida-Main Campus $6,410 Average $17,904
In: Statistics and Probability
You are the in-house counsel for a small bank (the “Bank”) located in Northwest Colorado. The Bank has three locations: Steamboat Springs, Hayden and Craig. The Bank offers a broad range of banking services, such as making personal and commercial loans and offering various types of savings and checking accounts. The vast majority of the Bank’s customers live in Routt, Moffat and Rio Blanco Counties. The Bank has a reputation as being a friendly, small town bank that knows its customers by name. The Bank sponsors and helps organize many local community activities. The Bank is a publicly traded company. During the past several years, the price of the Bank’s stock has fallen at alarming rates. This is mainly due to decreased profits. Many of the Bank’s customers work for the coal, oil and gas industries, and with recent regulations and falling energy prices, many have lost their jobs and cannot afford to use the Bank’s services to buy cars, real estate or start businesses that require loans. Shareholders are losing faith in the Bank, and because of the mass of selling of its stock, its price has fallen by 50% in the past three years. Major shareholders are demanding that the Bank take initiative immediately to generate more revenue. The CEO of the Bank wants your advice on whether the Bank should get into the business of subprime lending. That is, relax its own lending standards to allow customers with poor credit to obtain a loan by putting as little as 3% down. Currently, the Bank requires a down payment of at least 15%, and only lends to customers with good or great credit scores. The CEO thinks that subprime lending will immediately generate additional revenue without adding to the Bank’s risk. Once the Bank makes the loan, it will sell the promissory note and deed of trust or security agreement to another financial institution for less than the total repayment amount, but more than the original amount. For example, if the Bank lends its customer $200,000 to buy a house, and the total repayment owed including interest is $350,000, the Bank could sell the debt for $250,000 and make a $50,000 profit in a short period of time. The customer would then make payments to the company that bought the debt from the Bank. The CEO says that the practice of relaxing its lending standards will allow local residents who are short on money to obtain loans to buy homes or start businesses. Please write a memorandum to the CEO counseling her on whether the Bank should, in your opinion, relax its lending standards and get into the business of subprime lending. Make sure to support your opinion with evidence such as laws that apply, historical examples, etcetera. You may use the information you learned in class, but you will also have to conduct your own research via the internet. As the attorney for Bank, you may provide both legal advice and practical advice.
Factors you should discuss include: What, if any, legal implications are there? (For example, are subprime loans allowed? Are there any laws that govern subprime loans?) What, if any, financial implications are there? (What are the possible good and bad things that could happen to the finances of the customers, the Bank, the Bank’s shareholders, and the economy in general?) What, if any, ethical implications are there? (For example, should the Bank be responsible for the higher risk that the customers will not be able to repay the loan? How should the Bank balance its own interest in making a profit versus protecting customers from risky loans?) Are there any other issues you think the CEO should know about before making a decision? If the Bank starts offering subprime loans, what precautions should it take in order to minimize the risks you think are greatest?
In: Finance
5(a)What is the probability that out of 200 pieces of randomly selected glass, more than fifty-five of them are defective. [5 marks]
A sample of 12 of bags of Calbie Chips were weighed (to the nearest gram), and listed here as follows.
219, 226, 217, 224, 223, 216, 221, 228, 215, 229, 225, 229 Find a 95% confidence interval for the mean mass of bags of Calbie Chips.
[9 marks]
(b) Professor GeniusAtCalculus has two lecture sections (A and B) of the same 4th year Advanced Calculus (AMA 4301) course in Semester 2. She wants to investigate whether section A students maybe ”smarter” than section B students by comparing their perfor- mances in the midterm test. A random sample of 12 students were taken from section A, with mean midterm test score of 78.8 and standard deviation 8.5; and a random sample of 9 students were taken from section B, with mean midterm test score of 86 and standard deviation 9.3. Assume the population standard deviations of midterm test scores for both sections are the same. Construct the 90% confidence interval for the difference in midterm test scores of the two sections. Based on the sample midterm test scores from the two sections, can Professor GeniusAtCalculus conclude that there is any evidence that one section of students are ”smarter” than the other section? Justify your conclusions.
[8 marks]
(c) The COVID-19 (coronavirus) mortality rate of a country is defined as the ratio of the number of deaths due to COVID-19 divided by the number of (confirmed) cases of COVID-19 in that country. Suppose we want to investigate if there is any difference between the COVID-19 mortality rate in the US and the UK. On April 18, 2020, out of a sample of 671,493 cases of COVID-19 in the US, there was 33,288 deaths; and out of a sample of 109,754 cases of COVID-19 in the UK, there was 14,606 deaths. What is the 92% confidence interval in the true difference in the mortality rates between the two countries? What can you conclude about the difference in the mortality rates between the US and the UK? Justify your conclusions. [8 marks]
In: Statistics and Probability
51.
When Carrie drove up in her new car, Ken told her that she had made a mistake. Even though the car was very sporty, easy on gas, and had lots of trunk space, he ignored these attributes and told her it would need to be repaired frequently. He said this because he had previously owned the same car, and that was his experience. This is an example of
Group of answer choices
Self-serving bias
stereotyping
projection
overconfidence
52.
_______ has been found to be more important than other traits in the success of CEOs of private equity companies.
Group of answer choices
Agreeableness
Extraversion
Openness to experience
Conscientiousness
53.
________ leaders inspire followers to transcend their self-interests for the good of the organization and can have an extraordinary effect on their followers.
Group of answer choices
Transactional
Task-oriented
Laissez-faire
Transformational
54.
Mr. Henshaw, CEO of MBA Bank, decides that the organization needs to provide more convenient service to customers. He decides to increase the bank’s service hours from 8 hours a day, Monday through Friday, to 12 hours a day, plus 8 hours a day each weekend day. He has his assistant compile a report that gives data on how the number of open hours of many banks is correlated with their customers’ satisfaction, and presents the data to his executive committee. What stage of Lewin’s change process is Mr. Henshaw operating in?
Group of answer choices
reinforcement
refreezing
unfreezing
freezing
55.
Abis Sneakers & Stuff states that it plans to be “the number one athletic company in the world.” What does this represent?
Group of answer choices
organizational structure
vision
strategic plan
mission statement
56
A(n) ______ is someone who is a catalyst in helping organizations to deal with old problems in new ways.
Group of answer choices
initiator
change agent
mentor
recipient
57.
For an OB team project, you have been assigned to a group of classmates to complete an assignment. According to the Punctuated-Equilibrium Model, teams tend to experience ________ about halfway between the first meeting and the assignment deadline.
Group of answer choices
transition
equilibrium
mid-life crisis
stagnation
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58.
Marion will receive a promotion and a raise if she completes a difficult assignment. This is an example of
Group of answer choices
extrinsic motivation.
organizational citizenship behavior
job satisfaction
intrinsic motivation
59.
An artifact is
Group of answer choices
part of the organization’s structure.
a physical manifestation of an organization’s culture.
an explicitly stated value preferred by the organization.
an organizational value that has become taken for granted.
60.
Hilton is a hospitality company, whose __________ is “dedicated to providing high-quality desserts in a comfortable atmosphere for clients who seek a fun gourmet experience outside restaurants.”
Group of answer choices
vision statement
SWOT analysis
mission statement
strategic plan
In: Operations Management
As a member of an international negotiation team, you have been requested to prepare a short summary (no more than 1 page) of the cultural situation the CEO will face when s/he visits The United Kingdom. Include as many sections as you think relevant. Include sources as well. The CEO likes to be well prepared
In: Economics
Dow Chemical, a US-based firm, seeks to hedge most of the exposure of its European operations by borrowing in Swiss francs (CHF). At the same time the French tire manufacturer Michelin is seeking US dollars to finance additional investment in its US manufacturing plants. Both firms want the equivalent of $150 million US dollars in fixed-rate financing for 10 years. Dow can issue dollar-denominated debt at an interest rate of 7.5 percent per year, or Swiss franc denominated debt at a rate of 8.25% per year. Equivalent rates for Michelin are 7.8% per year in US dollars and 8.1% per year in Swiss francs. The current spot rate is 1.13 USD/CHF. A bank is willing to arrange 10-year currency swaps with its clients at the following rates: the bank is willing to pay to (receive from) clients US dollars at 7.6% p.a. (7.7% p.a.), and pay to (receive from) Swiss francs at 8.25% p.a. (8.3% p.a.).
(a) Suggest how Dow Chemical can use a swap to achieve its objective of reducing the currency risk from its European operations while still obtaining the lowest cost of funding. Outline the cash flows for the swap.
(b) Based on the swap you proposed, what is the all-in cost of financing for Dow? Show your calculations.
In: Finance
P 4–6: University Physician Compensation Physicians practicing in Eastern University’s hospital have the following compensation agreement. Each doctor bills the patient (or Blue Cross Blue Shield) for his or her services. The doctor pays for all direct expenses incurred in the clinic, including nurses, medical malpractice insurance, secretaries, supplies, and equipment. Each doctor has a stated salary target (e.g., $100,000). For patient fees collected over the salary target, less expenses, the doctor retains 30 percent of the additional net fees. For example, if $150,000 is billed and collected from patients, and expenses of $40,000 are paid, then the doctor retains $3,000 of the excess net fees [30 percent of ($150,000 – $40,000 – $100,000)] and Eastern University receives $7,000. If $120,000 of fees are collected and $40,000 of expenses are incurred, the physician’s net cash flow is $80,000 and Eastern University receives none of the fees. Required: Critically evaluate the existing compensation plan and recommend any changes.
In: Accounting
Laura Leasing Company signs an agreement on January 1, 2020, to lease equipment to Metlock Company. The following information relates to this agreement.
| 1. | The term of the non-cancelable lease is 3 years with no renewal option. The equipment has an estimated economic life of 5 years. | |
| 2. | The fair value of the asset at January 1, 2020, is $76,000. | |
| 3. | The asset will revert to the lessor at the end of the lease term, at which time the asset is expected to have a residual value of $7,000, none of which is guaranteed. | |
| 4. | The agreement requires equal annual rental payments of $24,177.00 to the lessor, beginning on January 1, 2020. | |
| 5. | The lessee’s incremental borrowing rate is 5%. The lessor’s implicit rate is 4% and is unknown to the lessee. | |
| 6. | Metlock uses the straight-line depreciation method for all equipment. |
Click here to view factor tables.
Prepare all of the journal entries for the lessee for 2020 to
record the lease agreement, the lease payments, and all expenses
related to this lease. Assume the lessee’s annual accounting period
ends on December 31. (For calculation purposes, use 5
decimal places as displayed in the factor table provided and round
answers to 2 decimal places, e.g. 5,265.25. Credit account titles
are automatically indented when the amount is entered. Do not
indent manually. Record journal entries in the order presented in
the problem.)
|
Date |
Account Titles and Explanation |
Debit |
Credit |
|---|---|---|---|
|
1/1/2012/31/20 |
enter an account title To record the lease on January 1 2020 |
enter a debit amount |
enter a credit amount |
|
enter an account title To record the lease on January 1 2020 |
enter a debit amount |
enter a credit amount |
|
|
(To record the lease) |
|||
|
1/1/2012/31/20 |
enter an account title To record lease liability on January 1 2020 |
enter a debit amount |
enter a credit amount |
|
enter an account title To record lease liability on January 1 2020 |
enter a debit amount |
enter a credit amount |
|
|
(To record lease liability) |
|||
|
1/1/2012/31/20 |
enter an account title for the journal entry on December 31 2020 |
enter a debit amount |
enter a credit amount |
|
enter an account title for the journal entry on December 31 2020 |
enter a debit amount |
enter a credit amount |
|
|
enter an account title for the journal entry on December 31 2020 |
enter a debit amount |
enter a credit amount |
In: Accounting
uestion 8
0.71/1
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Laura Leasing Company signs an agreement on January 1, 2020, to lease equipment to Concord Company. The following information relates to this agreement.
| 1. | The term of the non-cancelable lease is 3 years with no renewal option. The equipment has an estimated economic life of 5 years. | |
| 2. | The fair value of the asset at January 1, 2020, is $75,000. | |
| 3. | The asset will revert to the lessor at the end of the lease term, at which time the asset is expected to have a residual value of $8,000, none of which is guaranteed. | |
| 4. | The agreement requires equal annual rental payments of $23,522.48 to the lessor, beginning on January 1, 2020. | |
| 5. | The lessee’s incremental borrowing rate is 5%. The lessor’s implicit rate is 4% and is unknown to the lessee. | |
| 6. | Concord uses the straight-line depreciation method for all equipment. |
Click here to view factor tables.
Prepare all of the journal entries for the lessee for 2020 to
record the lease agreement, the lease payments, and all expenses
related to this lease. Assume the lessee’s annual accounting period
ends on December 31. (For calculation purposes, use 5
decimal places as displayed in the factor table provided and round
answers to 2 decimal places, e.g. 5,265.25. Credit account titles
are automatically indented when the amount is entered. Do not
indent manually. Record journal entries in the order presented in
the problem.)
|
Date |
Account Titles and Explanation |
Debit |
Credit |
|---|---|---|---|
|
1/1/2012/31/20 |
enter an account title To record the lease on January 1 2020 |
enter a debit amount |
enter a credit amount |
|
enter an account title To record the lease on January 1 2020 |
enter a debit amount |
enter a credit amount |
|
|
(To record the lease) |
|||
|
1/1/2012/31/20 |
enter an account title To record lease liability on January 1 2020 |
enter a debit amount |
enter a credit amount |
|
enter an account title To record lease liability on January 1 2020 |
enter a debit amount |
enter a credit amount |
|
|
(To record lease liability) |
|||
|
1/1/2012/31/20 |
enter an account title for the journal entry on December 31 2020 |
enter a debit amount |
enter a credit amount |
|
enter an account title for the journal entry on December 31 2020 |
enter a debit amount |
enter a credit amount |
|
|
enter an account title for the journal entry on December 31 2020 |
enter a debit amount |
enter a credit amount |
eTextbook and Media
List of Accounts
In: Accounting