Questions
There are two Cournot competitors, A & B. Each has total cost of 12x, where x...

There are two Cournot competitors, A & B. Each has total cost of 12x, where x is a firm’s output,

and demand is X = 400 – P, where P is market price. What will market price be in equilibrium?

(a.) $239.8

(b.) $141.3

(c.) $130

(d.) $208

Graph it with labels, thanks!

In: Economics

Onta Enterprises is seeking to expand operations and is considering increasing production capacity by purchasing the...

Onta Enterprises is seeking to expand operations and is considering increasing production capacity by purchasing the latest plant and equipment.  The following two plants are being considered for acquisition as they are technically superior to the current plant and will enable higher production volumes with lower cost inputs.  The finance department has projected the cash flows for the life of the plant and has asked you as the investment manager to advise the Board on which of these plants to acquire. Onta’s current cost of capital is 12%.

The following information relates to the two plants that are being considered:

Plant Alpha

Plant Beta

Initial cost

R550 000

R 400 000

Expected useful life

4 years

4 years

Depreciation

R137 500 p.a.

R100 000 p.a.

Net cash inflows

Net cash inflows

Net profit

Expected net cash inflows

R

R

R

1st year

2nd year

3rd year

4th year

180 000

190 000

210 000

160 000

130 000

130 000

130 000

130 000

30 000

30 000

30 000

30 000

Calculate the:

2.1       Payback Period for both plants.  (Answers must be expressed in years, months and days.)                                                                                                                                                          (6)

2.2       Accounting Rate of Return for Plant Beta on initial investment.                                            (4)

2.3       Net Present Value of each plant. (Round off amounts to the nearest Rand.)                       (9)

2.4       Based on your results in 2.1.3 which plant should be accepted?                                         (1)

In: Accounting

Onta Enterprises is seeking to expand operations and is considering increasing production capacity by purchasing the...

Onta Enterprises is seeking to expand operations and is considering increasing production capacity by purchasing the latest plant and equipment. The following two plants are being considered for acquisition as they are technically superior to the current plant and will enable higher production volumes with lower cost inputs. The finance department has projected the cash flows for the life of the plant and has asked you as the investment manager to advise the Board on which of these plants to acquire. Onta’s current cost of capital is 12%.

The following information relates to the two plants that are being considered:

Plant Alpha

Plant Beta

Initial cost

R550 000

R 400 000

Expected useful life

4 years

4 years

Depreciation

R137 500 p.a.

R100 000 p.a.

Net cash inflows

Net cash inflows

Net profit

Expected net cash inflows

R

R

R

1st year

2nd year

3rd year

4th year

180 000

190 000

210 000

160 000

130 000

130 000

130 000

130 000

30 000

30 000

30 000

30 000

Calculate the:

2.1       Payback Period for both plants. (Answers must be expressed in years, months and days.)   

2.2       Accounting Rate of Return for Plant Beta on initial investment.   

2.3       Net Present Value of each plant. (Round off amounts to the nearest Rand.)

2.4       Based on your results in 2.1.3 which plant should be accepted?

Note: All workings must be showed and answers must be typed in.

  

In: Accounting

Blue Ltd acquired on 1 July 2019 all the issued shares (cum div.) of ‘Pink’ Ltd...

Blue Ltd acquired on 1 July 2019 all the issued shares (cum div.) of ‘Pink’ Ltd for $33 000. At this date, the equity of ‘Pink’ Ltd was as follows.

Share Capital $ 20 000
General Reserve 2 000
Retained Earnings 5 000

All the identifiable assets and liabilities of ‘Pink’ Ltd were recorded at amounts equal to their fair values except for the following.

Carrying Amount Fair Value
Plant Cost ($22 000) $18 000 $18 600
Land 19 000 21 000
Inventories 2 000 2 800

The plant’s expected remaining useful life was 5 years with benefits being expected evenly over that period. The plant was sold on 1 January 2022 for $18 700. The land was sold in February 2021 for $25 000. Of the inventories, 90% was sold by 30 June 2020 and the rest by 30 June 2021. At 1 July 2019, ‘Pink’ Ltd had recorded a dividend payable of $1 000 that was paid in September 2019. ‘Pink’ Ltd also had some unrecorded assets, in particular the brands relating to the clothing sold in the teenage market. ‘Blue’ Ltd valued these brands at $1 200 and assessed them to have an indefinite life. In the notes to its financial statements at 30 June 2019, ‘Pink’ Ltd disclosed a contingent liability relating to a guarantee it had made to one of its related companies. ‘Pink’ Ltd assessed the fair value of the guarantee payable as being $1 000. In August 2021, ‘Pink’ Ltd was required to pay $250 in relation to the guarantee. All transfers to the general reserve made by ‘Pink’ Ltd have been from retained earnings earned prior to 1 July 2019. The tax rate is 30%. The financial information provided by the two companies at 30 June 2020 is as follows.

‘Blue’ Ltd ‘Pink’ Ltd
Revenue 19 000 11 000
Expenses (8 000) (7 600)
11 000 3 400
Gains on sale of non-current assets 500 400
Profit before tax 11 500 3 800
Income Tax expense (4 000) (600)
Profit for the year 7 500 3 200

Other Comprehensive income

Gains on revaluation of plant 1 200 0
Comprehensive income for the year $8 700 $3 200
Profit for the year $7 500 $3 200
Retained earnings (1/7/21) 8 000 8 800
15 500 12 000
Dividend Paid (3 400) 0
Transfer to general reserve 0 (1 500)
(3 400) (1 500)
Retained Earnings (30/6/22) $12 100 $10 500
Share Capital $28 000 $20 000
General reserve 2 000 4 800
Asset revaluation surplus 2 400 0
Retained earnings 12 100 10 500
Total equity 44 500 35 300
Provisions 1 500 1 200
Payables 4 000 800
Total Liabilities 5 500 2 000
Total Equity and liabilities $50 000 $37 300
Cash $1 200 $3 000
Accounts Receivable 2 800 1 200
Inventories 3 000 5 100
Plant 23 000 32 000
Accumulated Depreciation- Plant (12 000) (4 000)
Shares in Brooks Ltd 32 000 0
Total Asset $50 000 $37 300

Required

  1. Prepare the acquisition analysis at 1 July 2019.
  2. Prepare the consolidation worksheet entries for ‘Blue’ Ltd’s group at 30 June 2022.
  3. Prepare the consolidation worksheet for ‘Blue’ Ltd’s group at 30 June 2022

In: Accounting

6. Augustine and Aristotle both focused on the summum bonum or highest good. Briefly discuss one...

6. Augustine and Aristotle both focused on the summum bonum or highest good. Briefly discuss one point of agreement and one point of disagreement between the two philosophers on the summum bonum or highest realizable good..  

7. Describe one similarity and one difference between Aristotle’s and Augustine’s views on moral virtue.

8. Describe one reason the will to love is pivotal in Augustine’s thought.

9. Which do you find more convincing the shareholder theory or stakeholder theory of corporate social responsibility? Why?  

10. Consider the Merck/Vioxx case or the Beer Marketer case of the CEO Appliance Case. Discuss one reason we might see the case as about the actions of individuals and one reason we might see the case as about the actions of a corporation as a moral agent and one reason we might place it on the societal level.

In: Psychology

The following data are obtained from the current meter gauging of a stream, at a gauging...

  1. The following data are obtained from the current meter gauging of a stream, at a gauging station. Compute the stream discharge using mean section method.

Distance from one end of water surface (m)

depth of water(d) , (m)

Immersion of current meter below water surface (m)

depth (m)

sec

rev

0

0

2

1

0.6

10

40

4

2.2

0.44

36

48

1.76

20

50

6

4

0.8

40

57

3.2

30

53

8

8

1.6

46

59

6.4

33

57

10

4.2

0.84

33

51

3.36

29

49

12

2.5

0.5

34

52

2

29

53

14

1.2

0.72

16

48

16

0

Rating equation of current meter: v = 0.2 N + 0.04, where N = rev./sec, v = velocity (m/sec).                                                                              

In: Civil Engineering

The comparative balance sheets for 2021 and 2020 and the statement of income for 2021 are...

The comparative balance sheets for 2021 and 2020 and the statement of income for 2021 are given below for Dux Company. Additional information from Dux’s accounting records is provided also.

DUX COMPANY
Comparative Balance Sheets
December 31, 2021 and 2020
($ in thousands)
2021 2020
Assets
Cash $ 33 $ 20
Accounts receivable 48 50
Less: Allowance for uncollectible accounts (4 ) (3 )
Dividends receivable 3 2
Inventory 55 50
Long-term investment 15 10
Land 70 40
Buildings and equipment 225 250
Less: Accumulated depreciation (25 ) (50 )
$ 420 $ 369
Liabilities
Accounts payable $ 13 $ 20
Salaries payable 2 5
Interest payable 4 2
Income tax payable 7 8
Notes payable 30 0
Bonds payable 95 70
Less: Discount on bonds (2 ) (3 )
Shareholders' Equity
Common stock 210 200
Paid-in capital—excess of par 24 20
Retained earnings 45 47
Less: Treasury stock (8 ) 0
$ 420 $ 369
DUX COMPANY
Income Statement
For the Year Ended December 31, 2021
($ in thousands)
Revenues
Sales revenue $ 200
Dividend revenue 3 $ 203
Expenses
Cost of goods sold 120
Salaries expense 25
Depreciation expense 5
Bad debt expense 1
Interest expense 8
Loss on sale of building 3
Income tax expense 16 178
Net income $ 25


Additional information from the accounting records:

  1. A building that originally cost $40,000, and which was three-fourths depreciated, was sold for $7,000.
  2. The common stock of Byrd Corporation was purchased for $5,000 as a long-term investment.
  3. Property was acquired by issuing a 13%, seven-year, $30,000 note payable to the seller.
  4. New equipment was purchased for $15,000 cash.
  5. On January 1, 2021, bonds were sold at their $25,000 face value.
  6. On January 19, Dux issued a 5% stock dividend (1,000 shares). The market price of the $10 par value common stock was $14 per share at that time.
  7. Cash dividends of $13,000 were paid to shareholders.
  8. On November 12, 500 shares of common stock were repurchased as treasury stock at a cost of $8,000.


Required:
Prepare the statement of cash flows of Dux Company for the year ended December 31, 2021. Present cash flows from operating activities by the direct method. (Do not round your intermediate calculations. Enter your answers in thousands (i.e., 10,000 should be entered as 10). Amounts to be deducted should be indicated with a minus sign.)

In: Accounting

Use the given data set to complete parts​ (a) through​ (c) below.​ (Use α=​0.05.) x 10...

Use the given data set to complete parts​ (a) through​ (c) below.​ (Use

α=​0.05.)

x

10

8

13

9

11

14

6

4

12

7

5

y

7.47

6.77

12.74

7.12

7.81

8.85

6.08

5.38

8.15

6.41

5.73

Using the linear correlation coefficient found in the previous​ step, determine whether there is sufficient evidence to support the claim of a linear correlation between the two variables. Choose the correct answer below.

A.There is sufficient evidence to support the claim of a linear correlation between the two variables.

B.There is insufficient evidence to support the claim of a nonlinear correlation between the two variables.

C.There is sufficient evidence to support the claim of a nonlinear correlation between the two variables.

D.There is insufficient evidence to support the claim of a linear correlation between the two variables.

c. Identify the feature of the data that would be missed if part​ (b) was completed without constructing the scatterplot. Choose the correct answer below.

A.

The scatterplot reveals a perfect​ straight-line pattern, except for the presence of one outlier.

B.

The scatterplot does not reveal a perfect​ straight-line pattern, and contains one outlier.

C.

The scatterplot does not reveal a perfect​ straight-line pattern.

D.

The scatterplot reveals a perfect​ straight-line pattern and does not contain any outliers.

In: Statistics and Probability

The following results are from an independent-measures, two factor study. Be careful that this is a...

The following results are from an independent-measures, two factor study. Be careful that this is a 2x3 design. You are expected to extend your knowledge on 2x2 design to a 2x3 factorial design.

The study:

Consider an experiment designed to investigate the effectiveness of therapy for the treatment of anxiety or fear. Two kinds of therapy (systematic desensitization, counter conditioning) as well as a counseling-only control condition are included. The therapy and counseling programs have been conducted over a number of sessions and the investigator asks whether more sessions might bring further improvements. The goal then is to compare two treatment lengths: the original and an extended version. For convenience, these two lengths are referred to as “Short” and “Long.” Participants’ well-being scores are measured; the larger the score, the more beneficial the treatment. Data are given in the table below. Answer the following questions using this data.

Form of Therapy

Counseling

Systematic Desensitization

Counter-Conditioning

Duration of Therapy

Short

Long

Short

Long

Short

Long

10

13

5

0

6

3

11

14

6

2

9

3

12

7

3

4

5

4

9

8

7

7

4

5

12

10

8

5

3

5

13

9

10

1

9

6

12

10

8

4

6

4

13

11

7

2

8

2

10

12

9

4

4

7

8

16

7

1

6

1

  1. What are the dependent and independent variables in this study?
  2. How many levels does each independent variable have and what are they?
  3. State the hypotheses for each test.
  4. Use a two-factor ANOVA with a=.05 to evaluate the main effects and interaction. For your answer, create a summary table and fill in the values. Do not show calculations here.
  5. Based on what you found in ‘d’, what is your decision for each hypothesis test? Give Fobsand Fcritfor each hypothesis test.
  6. Plot cell means (you can draw this by hand if you don’t know how to do it using a computer) with form of therapy on the x-axis, participants’scoreson the y-axis, and duration of therapy as the grouping variable.
  7. Run post-hoc analysis to sort out the interaction between two independent variables (simple effects analysis).
  8. Based on your decision on the main effects and interaction, interpret the results. The interaction should have come out significant, so interpret accordingly! Here, I am not asking you to write a conclusion as it would appear in a research paper. I am simply asking you to interpret the results in your own words. The answer to this question should not take more than 5-6 simple sentences. If you are writing more than that, you are being redundant!

In: Statistics and Probability

A university is interested in whether there's a difference between students who live on campus and...

A university is interested in whether there's a difference between students who live on campus and students who live off campus with respect to absenteeism. Over one semester, researchers take random samples of on-campus and off-campus students and record the following number of classes each student misses.

On-campus: (3, 4, 0, 6, 2, 1, 3, 3, 5, 2, 4, 4, 6, 5, 2)

Off-campus: (6, 5, 2, 6, 2, 0, 7, 8, 1, 7, 2, 6, 5, 3, 2)

a) Using a 5% significance level, test whether or not there is a difference between the two groups.

b) Compute and interpret a 95% confidence interval for the difference between the number of classes missed by each group of students. Make sure to show your plug-ins.

c) Based on the confidence interval you created in part B, draw a conclusion about the differences between the means of the two groups.

In: Statistics and Probability