In: Operations Management
Question 1 - (What is the name of the SEC regulation that requires public companies to share information with all investors at the same time? )
A) Regulation FD
B) the Investment Company Act of 1940
C) the Sarbanes-Oxley Act
D) the Investment Advisors Act of 1940
E) the Securities and Exchange Act of 1934
Question 2 - The Securities Act of 1933:
A -requires all companies to comply with IRS rules
B- requires full disclosure of information about new securities issues
C- deals with rules for operating the stock exchanges
D- controls all mutual fund offerings
E- has complete control over the commodities traded through futures contracts
Question3 - The _____ system is the first electronic-based stock market and the largest over-the-counter market.
Group of answer choices
A) AMEX
B) NASDAQ
C) AMC
D) NASA
E) NYSE
Question 4 Which of the following statements about the New York Stock Exchange (NYSE) and the American Stock Exchange (AMEX) is true?
A- Companies listed on the NYSE cannot be listed on the AMEX at the same time.
B- Most firms traded on the NYSE are smaller than those traded on the AMEX.
C- The AMEX rules are stricter than those of the NYSE.
D-Firms cannot move from one exchange to the other.
The oldest and largest organized securities exchange in the United States is the:
Group of answer choices
A- American Stock Exchange
B- Dow Jones Stock Exchange
C- National Stock Exchange
D-Chicago Board of Exchange
E- New York Stock Exchange
F- All AMEX and NYSE transactions occur on the NYSE trading floor.
Question 5 The primary activity of _____ is underwriting.
Group of answer choices
A Securities and Exchange Commission (SEC)
B the New York Stock Exchange
C The Wall Street Journal
D stockbrokers
E investment bankers
In: Economics
In a recent year, the Better Business Bureau settled 75% of complaints they received. (Source: USA Today, March 2, 2009) You have been hired by the Bureau to investigate complaints this year involving computer stores. You plan to select a random sample of complaints to estimate the proportion of complaints the Bureau is able to settle. Assume the population proportion of complaints settled for the computer stores is the 0.75, as mentioned above. Suppose your sample size is 276. What is the probability that the sample proportion will be at least 2 percent more than the population proportion?
Based on historical data, your manager believes that 27% of the company's orders come from first-time customers. A random sample of 191 orders will be used to estimate the proportion of first-time-customers. What is the probability that the sample proportion is between 0.31 and 0.48?
According to a 2009 Reader's Digest article, people throw away
about 9% of what they buy at the grocery store. Assume this is the
true proportion and you plan to randomly survey 67 grocery shoppers
to investigate their behavior. What is the probability that the
sample proportion does not exceed 0.14?
In: Math
Builder Products, Inc. manufactures a caulking compound that goes through three processing stages prior to completion. Information on work in the first department, cooking, is given below for May:
| Production data: | |||
| Units in process, May 1: 100% complete as to materials and 80% complete as to labour and overhead | 16,600 | ||
| Units started into production during May | 126,000 | ||
| Units completed and transferred out | 116,000 | ||
| Units in process, May 31: 60% complete as to materials and 20% complete as to labour and overhead | ? | ||
| Cost data: | |||
| Work-in-process inventory, May 1: | |||
| Materials cost | $ | 2,800 | |
| Labour cost | 3,680 | ||
| Overhead cost | 7,600 | ||
| Cost added during May: | |||
| Materials cost | 192,000 | ||
| Labour cost | 36,800 | ||
| Overhead cost | 89,200 | ||
Materials are added at several stages during the cooking process, whereas labour and overhead costs are incurred uniformly. The company uses the weighted average cost method. The company combines labour and overhead into a single cost category—conversion cost.
Required:
Prepare a production report for the cooking department for May. Use
the following three steps in preparing your report:
1. Prepare a quantity schedule and a computation of equivalent units.
2. Compute the costs per equivalent unit for the month. (Round your answers to 3 decimal places.)
3. Using the data from parts (1) and (2), prepare a cost reconciliation. (Round "Cost per equivalent unit" to 3 decimal places and the rest to the nearest dollar amount.)
Note: There is difference of "$27" in both the values due to rounding and we feel a note which reads: "Due to rounding, your "Cost accounted for" may not be equal to "Cost to account for"".
4. Prepare a production report for the cooking department for May. Assuming the company uses the FIFO method. Follow parts (1) to (3). (Leave no cells blank, enter "0" wherever required. Round "Cost per equivalent unit" to 3 decimal places and the rest to the nearest dollar amount.)
Quantity Schedule and Equivalent Units
Cost per Equivalent Unit
Cost Reconciliation
Note: There is difference of "$27" in both the values due to rounding and we feel a note which reads: "Due to rounding, your "Cost accounted for" may not be equal to "Cost to account for"".
In: Accounting
3. Profit maximization using total cost and total revenue curves
Suppose Ana runs a small business that manufactures shirts. Assume that the market for shirts is a competitive market, and the market price is $20 per shirt.
The following graph shows Ana's total cost curve.
Use the blue points (circle symbol) to plot total revenue and the green points (triangle symbol) to plot profit for shirts quantities zero through seven (inclusive) that Ana produces.
Calculate Ana's marginal revenue and marginal cost for the first seven shirts she produces, and plot them on the following graph. Use the blue points (circle symbol) to plot marginal revenue and the orange points (square symbol) to plot marginal cost at each quantity.
Ana's profit is maximized when she producesshirts. When she does this, the marginal cost of the last shirt she produces is, which is (less or greater) than the price Ana receives for each shirt she sells. The marginal cost of producing an additional shirt (that is, one more shirt than would maximize her profit) is, which is (Greater or less) than the price Ana receives for each shirt she sells. Therefore, Ana's profit-maximizing quantity corresponds to the intersection of the curves. Because Ana is a price taker, this last condition can also be written as .
In: Economics
Please summarize into short sentences.
1. Marginal revenue and Marginal Cost
2. Four market
3. Production input optimization
4. Prisoners' Dilemma game
5. 1st, 2nd, 3rd Degree price discriminations
Thank you in advance.
In: Economics
17-3 17-01
Vertical Analysis of Income Statement
Revenue and expense data for Innovation Quarter Inc. for two recent years are as follows:
|
Current Year |
Previous Year |
|||
|
Sales |
$559,000 |
$503,000 |
||
|
Cost of goods sold |
301,860 |
246,470 |
||
|
Selling expenses |
100,620 |
100,600 |
||
|
Administrative expenses |
111,800 |
95,570 |
||
|
Income tax expense |
16,770 |
25,150 |
||
a. Prepare an income statement in comparative form, stating each item for both years as a percent of sales. If required, round percentages to one decimal place. Enter all amounts as positive numbers.
|
Innovation Quarter Inc. |
||||
|
Comparative Income Statement |
||||
|
For the Years Ended December 31 |
||||
|
Current year Amount |
Current year Percent |
Previous year Amount |
Previous year Percent |
|
|
Sales |
$559,000 |
% |
$503,000 |
% |
|
Cost of goods sold |
301,860 |
% |
246,470 |
% |
|
$ |
% |
$ |
% |
|
|
Selling expenses |
100,620 |
% |
100,600 |
% |
|
Administrative expenses |
111,800 |
% |
95,570 |
% |
|
$ |
% |
$ |
% |
|
|
% |
% |
|||
|
Income tax expense |
16,770 |
% |
25,150 |
% |
|
$ |
% |
$ |
% |
|
b. The vertical analysis indicates that the cost of goods sold as a percent of sales (INCREASED/DECREASED)
by 5 percentage points, while selling expenses (INCREASED/DECREASED)
by 2 percentage points, and administrative expenses INCREASED/DECREASED
by 1 percentage points. Thus, net income as a percent of sales (INCREASED/DECREASED)
by 2 percentage points. (INCREASED/DECREASED)
In: Accounting
Events:
1. Recognition of revenue on account.
2. Collection of cash from accounts receivable.
3. Write-off of uncollectible accounts.
4. Recognition of uncollectible accounts expense through a year-end adjusting entry.
Identify the following for Events 1-4:
A. The impact on the accounting equation
B. If and how it affects net income
C. If and how it affects cash
With your answers, please explain your reasoning and how you solved the problem.
In: Accounting
Marketing and Sales have a strong relation. To get more sale you have to develop good marketing strategies. If you have a company name Shahen Express that is working online using Website Domain www.shahenexpress.com. Which Web marketing strategies will be used in this website? How you increase the sales of the company and What will be the Revenue Model? Is Revenue Transition concept will used in the website? Justify your answer with suitable examples.
In: Operations Management
Consider the following bonds currently traded in the market. Using this information find the no-arbitrage price of a 5-Year bond with a coupon of 5%. Suppose this bond is currently selling for $102 in the market. Is there an arbitrage opportunity? Explain how you would execute this arbitrage (All coupons are annual payment, including the bond you are asked to price)
|
Annual Coupon |
Maturity in Years |
Price |
|
|
Bond 1 |
8% |
1 |
102.800 |
|
Bond 2 |
9% |
2 |
107.250 |
|
Bond 3 |
11% |
3 |
116.400 |
|
Bond 4 |
6% |
4 |
104.410 |
|
Bond 5 |
7% |
5 |
108.030 |
|
Bond 6 |
8% |
6 |
113.950 |
|
Bond 7 |
10% |
7 |
127.020 |
In: Finance