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Randomly Chosen Cash Withdrawals ($) |
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Friday |
Monday |
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250 |
10 |
10 |
40 |
30 |
10 |
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20 |
10 |
30 |
100 |
70 |
370 |
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110 |
20 |
10 |
20 |
20 |
10 |
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40 |
20 |
40 |
30 |
50 |
30 |
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70 |
10 |
10 |
200 |
20 |
40 |
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20 |
20 |
400 |
20 |
30 |
20 |
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10 |
20 |
10 |
10 |
20 |
100 |
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50 |
20 |
10 |
30 |
40 |
20 |
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100 |
20 |
20 |
50 |
10 |
20 |
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20 |
60 |
70 |
60 |
10 |
20 |
In: Statistics and Probability
In: Accounting
In: Accounting
Write a Python program that creates a class which represents a Student Grade. The class includes a function that reads a text file called Course_Score.txt. A sample of the file is provided below. Each row in the file corresponds to the Last Name, First Name, ClassWork score (100), Mid-Term score (100), and Final-Exam score (100). Also include the the following functions to process the content read from the file. a. getData(): This method reads the data from a file and stores the data as a list. b. grade(): This method calculates total score, percentage and grade for each student. A grade (above 90%), B grade (above 80%), C grade (above 60%), D grade (above 50%), and F grade (below 50%) c. highestTotal() and lowestTotal(): These methods calculate highest and lowest total scores in class.
Sample input file: Course_Score.txt
Naji Hasan 90 85 87
Lisa Smith 80 67 70
Andy Malik 75 80 52
Ravi Gupta 90 95 98
Dave Blair 50 61 70
Sara Clark 70 65 81
Sami Moosa 55 50 71
Imed Radhi 90 83 89
Kira Sunny 65 70 69
Hind Ahmed 70 81 88
In: Computer Science
Gulf Real Estate Properties, Inc., is a real estate firm in southwest Florida. The company monitors condominium sales by collecting data on location, list price, sale price, and the number of days it takes to sell each unit. Each condo is classified as Gulf View if it is located directly on the Gulf of Mexico or No Gulf View if it is located on the bay or a golf course. The data set contains sales data for 40 Gulf View and 18 No Gulf View condos.
Part 1) Develop a 95% confidence interval estimate of the population mean sales price and population mean number of days to sell for both groups. Interpret your results.
Part 2) Assume the branch manager requested estimates of the mean selling price of Gulf View condominiums with a margin of error of $40,000 and the mean selling price of No Gulf View condominiums with a margin of error of $15,000. Using 95% confidence, how large should the sample sizes be? Using 99.9% confidence, how large should the sample sizes be?
Part 3) Gulf Real Estate Properties just signed contracts for two new listings: a Gulf View condominium with a list price of $589,000 and a No Gulf View condominium with a list price of $285,000. What is your estimate of the final selling price and number of days required to sell each of these units?
Part 4) Your boss believes that Gulf View condos sell more quickly that No Gulf View condos. Is this true? Test the Null Hypothesis that ??0: ??0 = ??1.
Part 5) Your boss also believes that Gulf View are more likely to sell for less than the listed price. Calculate the difference between the sale price and the list price, then perform a hypothesis test between the two means.
GULF VIEW
Sale Price,List Price,Days to Sell
475, 495, 130,
350, 379, 71,
519, 529, 85,
534.5, 552.5, 95,
334.9, 334.9, 119
505, 550, 92
165, 169.9, 197
210, 210, 56
945, 975, 73
314, 314, 126
305, 315, 88
800, 885, 282
975, 975, 100
445, 469, 56
305, 329, 49
330, 365, 48
312, 332, 88
495, 520, 161
405, 425, 149
669, 675, 142
400, 409, 28
649, 649, 29
305, 319, 140
410, 425, 85
340, 359, 107
449, 469, 72
875, 895, 129
430, 439, 160
400, 435, 206
227, 235, 91
618, 638, 100
600, 629, 97
309, 329, 114
555, 595, 45
315, 339, 150
200, 215, 48
375, 395, 135
425, 449, 53
465, 499, 86
428.5, 439, 158
NO GULF VIEW
Sale Price,List Price,Days to Sell
217, 217, 182
135.5, 148, 338
179, 186.5, 122
230, 239, 150
267.5, 279, 169
214, 215, 58
259, 279, 110
176.5, 179.9, 130
144.9, 149.9, 149
230, 235, 114
192, 199.8, 120
195, 210, 61
212, 226, 146
146.5, 149.9, 137
160, 160, 281
292.5, 322, 63
179, 187.5, 48
227, 247, 52
In: Statistics and Probability
14. An example of an ordinary annuity would be
a. Dinner at McDonald’s in which you pay for your food before you receive it.
b. Your rent, which you pay on the first of the month.
c. Admission to a movie, where you pay before seeing the movie.
d. Your “A” grade which you receive after working hard all semester.
e. None of the above.
15. Ben has computed the value of a stock to be $69.32 using the things he learned in BA3500. His stock broker is on the phone asking if he would like to buy some shares at a price of $69.25. What should Ben do?
a. Tell the broker to buy him 100 shares.
b. Tell the broker that he does not want to buy any.
c. Tell the broker that if he calls him again with a bad recommendation, he will change brokers.
d. Tell the broker that he is using false advertising and Ben will report him to the Better Business Bureau.
e. None of the above.
16. Which of the following is an assumption of the dividend growth model?
a. G must be greater than R.
b.The stock must pay dividends.
c.Both price and dividend will grow at R indefinitely.
d.The price and dividend will increase gradually over the years.
e.The current dividend divided by 1+g equals the next dividend.
17. A stock with a dividend yield of 4% and a total yield of 9%
a.Must have a share price greater than $100.
b.Must have a capital gains yield of 13%.
c.Must have a capital gains yield of 5%.
d.Must be growing at 4%.
e.None of the above.
18. You would use the dividend growth model (DGM) method to determine the value of a stock
a.for a stock that does not pay dividends.
b.with an unusual or non-constant growth pattern
c.when the growth rate of the stock is greater than the rate expected in the marketplace.
d.with the same dividend every time.
e.with a very stable, nominal growth pattern.
19. A certain investment has an APR of 7% and an EAR of 7%. From this information we know that:
a.One of the rates must be incorrect.
b.The investment actually earns 7.2%
c.This is not a good investment for several reasons.
d.The investment compounds quarterly.
e.The investment compounds annually.
20. A grandmother would like to start a savings account for her grandchild when it is born and deposit $1,000, but then add no more to the account and let it earn interest at 5% until the child is 21. To find out how much will be in the account when the grandchild turns 21, you would do a
a. multiple payment time value of money computation for future value.
b. single payment time value of money computation for future value.
c. multiple payment time value of money computation for present value.
d. single payment time value of money computation for present value.
e. None of the above will get to the value of the account after 21 years.
In: Finance
An amateur theatre company wishes to mount a play. A three night run is planned,and a particular play has been chosen. They have already spent or have committed to spend $2500 for such things as costumes, makeup, royalties to the copyright owners, and so on. They are definitely going ahead with the play; the only decision they must make is where to hold it. Small, medium, and large theatres are available for rent which hold 100, 400, and 1200 people respectively. Three nights rent at each theatre would cost $600, $1800, and $4700 respectively. They must make a commitment to one of these theatres several weeks before the run begins.
The theatre company has already decided to price all the tickets at $10.00 each. Because everyone in the theatre company is a volunteer, they can price the tickets at an affordable price. All they care about from a financial point of view is to at least cover their expenses over the long term.
The demand for the play is uncertain until the run begins. Demand is heavily influenced by the critics’ reviews. The critics will attend a dress rehearsal the night before the first performance, and their opinions will be printed and broadcast in the media the next morning.
The directors of the company know from experience that demand for plays falls into four broad categories of interest: fringe; average; great; and heavy. The director has decided to keep the run short and has chosen 3 nights to run the play. We will assume that the demand is spread equally across the three nights. The number of people who wish to see a play each night over a short run is typically 85 for fringe, 270 for average, 775 for great, and 1500 for heavy. These are demand levels, not necessarily the number of tickets sold. For example, if a play sells every seat in a 250 seat theatre for three nights, and if another 50 people were wait-listed for tickets but could not obtain them, then 750 tickets were sold, but the demand was for 800 tickets.
The demand is an event in which one of four outcomes will occur. To estimate the probabilities of these four outcomes, the theatre company could look at the historical data for plays of this type with tickets sold in this price range. Suppose that of one hundred plays in the past, the interest attracted was twenty for fringe, seventy for average, nine for great, and one for heavy. We would then estimate the chance of the next play attracting fringe interest as ??????? ????????=20100=0.20.P(fringe interest)=20/100=0.20. Continuing in this manner we would estimate the probabilities for average, great, and heavy as 0.70, 0.09, and 0.01 respectively.
Using historical data to estimate probabilities ignores such factors as changing consumer tastes and economic conditions, but we have to start somewhere. Using these numbers we will obtain one conclusion after solving the model, but another set of numbers will often lead to a different conclusion.
This model has been kept simple in that everything has been decided except one thing – which theatre to rent. This is the problem which we shall now solve.
Build a Payoff or Payback Matrix including the salvage value of the discounted (last-minute) tickets.
Build a Decision Matrix to include the Pecimistic (MaxiMin), Optimistic (MaxiMax), Hurwicz (Coefficient of Optimism) and the Laplace (balanced) criteria.
In: Economics
|
January |
February |
March |
|
|
Unit data: |
|||
|
Beginning Inventory |
0 |
100 |
100 |
|
Production |
1,550 |
1,450 |
1,500 |
|
Sales |
1,450 |
1,450 |
1,490 |
|
Variable Costs: |
|||
|
Manufacturing Cost per unit produced |
$1,000 |
$1,000 |
$1,000 |
|
Marketing cost per unit sold |
$700 |
$700 |
$700 |
|
Fixed Costs: |
|||
|
Manufacturing Costs |
$515,000 |
$515,000 |
$515,000 |
|
Marketing Costs |
$140,000 |
$140,000 |
$140,000 |
|
January |
February |
March |
|
|
Unit data: |
|||
|
Beginning Inventory |
0 |
100 |
100 |
|
Production |
1,550 |
1,450 |
1,500 |
|
Sales |
1,450 |
1,450 |
1,490 |
|
Variable Costs: |
|||
|
Manufacturing Cost per unit produced |
$1,000 |
$1,000 |
$1,000 |
|
Marketing cost per unit sold |
$700 |
$700 |
$700 |
|
Fixed Costs: |
|||
|
Manufacturing Costs |
$515,000 |
$515,000 |
$515,000 |
|
Marketing Costs |
$140,000 |
$140,000 |
$140,000 |
The selling price per unit is $3,500. The budgeted level of production used to calculate the budgeted fixed manufacturing costs was 1,550 units in January, 1,450 units in February, and 1,500 units in March. They were so accurate at predicting their production volumes there are no production volume variances to worry about. Also, there are no price, efficiency or spending variances.
Part II: The variable manufacturing costs per unit of Quarryman Corporation are as follows:
|
January |
February |
March |
|
|
Direct materials cost per unit |
$535 |
$535 |
$535 |
|
Direct manufacturing labor cost per unit |
$190 |
$190 |
$190 |
|
MOH cost per unit |
$275 |
$275 |
$275 |
|
$1,000 |
$1,000 |
$1,000 |
1. Prepare income statement for Quarryman Corporation in January, February and March 2019 under throughput costing.
2. Contrast the results of throughput costing with those of variable costing. If you calculate different profit figures, reconcile the difference. In other words, tell me where the difference is, and quantify it. Again, do not be concerned with minor rounding issues, as they are not material.
3. Provide at least one reason why companies might prefer throughput costing over absorption costing or variable costing.
In: Accounting
Concord Company manufactures a check-in kiosk with an estimated economic life of 12 years and leases it to National Airlines for a period of 10 years. The normal selling price of the equipment is $318,274, and its unguaranteed residual value at the end of the lease term is estimated to be $18,100. National will pay annual payments of $39,500 at the beginning of each year. Concord incurred costs of $182,900 in manufacturing the equipment and $3,900 in sales commissions in closing the lease. Concord has determined that the collectibility of the lease payments is probable and that the implicit interest rate is 6%.
QUESTIONS
Compute the amount of each of the following items. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answers to 0 decimal places, e.g. 5,275.)
1A. LEASE RECEIVABLE
2B. SALES PRICE
3. Prepare a 10-year lease amortization schedule for Concord, the lessor. (Round answers to 0 decimal places e.g. 5,275.)
4. Prepare all of the lessor’s journal entries for the first year. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places e.g. 5,275.)
....
....
....
....
(TO REOCRD THE SALE AND THE COGs In the lease transaction)
....
...
(TO RECORD payment of the initital direct costs relating to the lease)
....
....
(TO RECORD RECEIPT OF THE FIRST LEASE PAYMENT)
....
....
(TO RECORD INTEREST EARNED DURING THE FIRST YEAR OF LEASES.)
In: Accounting
Problem 21A-9 a2-c
Whispering Company manufactures a check-in kiosk with an estimated economic life of 12 years and leases it to National Airlines for a period of 10 years. The normal selling price of the equipment is $298,352, and its unguaranteed residual value at the end of the lease term is estimated to be $18,300. National will pay annual payments of $40,000 at the beginning of each year. Whispering incurred costs of $185,300 in manufacturing the equipment and $3,700 in sales commissions in closing the lease. Whispering has determined that the collectibility of the lease payments is probable and that the implicit interest rate is 8%.
Compute the amount of each of the following items. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answers to 0 decimal places, e.g. 5,275.)
(1) Lease receivable
(2) Sales Price
(3) Cost of Sales
Prepare a 10-year lease amortization schedule for Whispering, the lessor.
|
WHISPERING COMPANY (Lessor) |
||||||||
|
Beginning |
Annual Lease Payment |
Interest on |
Lease Receivable |
Lease |
||||
Prepare all of the lessor’s journal entries for the first year.
(To record the sale and the cost of goods sold in the lease transaction.)
|
(To record payment of the initial direct costs relating to the lease.) |
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|
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In: Accounting