An insurance company would like to compare the cost of claims at their company in two different states. They take a random sample of 50 of their claims from each state. A second insurance company claims that the samples are dependent and that any conclusions drawn are invalid. Do you agree? Explain. Select the correct answer below: No, the claims made in one state should not have any effect on the claims in another state. The company is only comparing their own claims, so the samples can be considered independent. Yes, since the samples are only taken from one insurance company, they are not a random sample of all of the claims. No, two samples are only independent if there is at least some overlap between the two samples. Yes, the two states could be close to each other, making some of the claims potentially the same.

***PYTHON PLEASE***

I'd also like to use decimal to two places when calculating the money $$ values for budget and fee areas.

Thank you!

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Create a Park class. Include the following seven data members:

Name of Park

Location

Type of Park (National, State or Local)

Fee

Number of Employees

Number of visitors reported for the past 12 months

Annual Budget

Write your __init__ class

In addition write four separate instance methods that:

Return a string containing the name of the park, the location and type of park.

Computes the cost per visitor based on annual budget, and the number of visitors during the last 12 months.

Computes the revenue from fees for the past year based on number of visitors and fee.

Prints the values of all of the data members with appropriate labels.

Create a second class to test all aspects of your Park class.

Lab # 4 Multidimensional Arrays

Please write in JAVA.

Programming Exercise 8.5 (Algebra: add two matrices)

Write a method to add two matrices. The header of the method is as follows:

public static double[][] addMatrix(double[][] a, double[][] b

In order to be added, the two matrices must have the same dimensions and the same or compatible types of elements. Let c be the resulting matrix. Each element cij is aij + bij. For example, for two 3 * 3 matrices a and b, c is

Write a test program that prompts the user to enter two 3 * 3 matrices and displays their sum. Here is a sample run

Example run:

Enter matrix1: 1 2 3 4 5 6 7 8 9 (enter)

Enter martix2: 0 2 4 1 4.5 2.2 1.1 4.3 5.2 (enter)

The matrices are added as follows:

1.0 2.0 3.0              0.0 2.0 4.0            1.0 4.0 7.0

4.0 5.0 6.0        +    1.0 4.5 2.2     =      5.0 9.5 8.2

7.0 8.0 9.0              1.1 4.3 5.2           8.1 12.3 14.2

Programming Exercise 8.6 (Algebra: multiply two matrices)

Write a method to multiply two matrices. The header of the method is:

public static double[][] multiplyMatrix(double[][] a, double[][] b)

To multiply matrix a by matrix b, the number of columns in a must be the same as the number of rows in b, and the two matrices must have elements of the same or compatible types. Let c be the result of the multiplication. Assume the column size of matrix a is n. Each element cij is ai1 * b1j + ai2 * b2j + c + ain * bnj. For example, for two 3 * 3 matrices a and b, c is

where cij = ai1 * b1j + ai2 * b2j + ai3 * b3j. Write a test program that prompts the user to enter two 3 * 3 matrices and displays their product. Here is a sample run:

Example run:

Enter matrix1: 1 2 3 4 5 6 7 8 9 (enter)

Enter matrix2: 0 2 4 1 4.5 2.2 1.1 4.3 5.2 (enter)

The multiplication of the matrices is

1 2 3           0 2.0 4.0               5.3 23.9 24

4 5 6     *     1 4.5 2.2     =       11.6 56.3 58.2

7 8 9           1.1 4.3 5.2            17.9 88.7 92.4

Use the following information to run a t-Test in excel. Write a paragraph description about the information you found and the conclusions you can draw

Your write up should discuss all aspects of hypothesis testing, what is your null and alternative, what are the means and variances of each group, are we running a one- or two-tailed test, why? What is the test statistic, is it statistically significant?

In the American society, birthdays are one of those days that everyone looks forward to. People of different ages and peer groups gather to mark the 18th, 20th, …, birthdays. During this time, one looks back to see what he or she has achieved for the past year and also focuses ahead for more to come.

If, by any chance, I am invited to one of these parties, my experience is always different. Instead of dancing around with my friends while the music is booming, I get carried away by memories of my family back home in Kenya. I remember the good times I had with my brothers and sister while we did our daily routine.

Every morning, I remember we went to the shamba (garden) to weed our crops. I remember one day arguing with my brother as to why he always remained behind just to join us an hour later. In his defense, he said that he preferred waiting for breakfast before he came to weed. He said, “This is why I always work more hours than you guys!”

And so, to prove him wrong or right, we decided to give it a try. One day we went to work as usual without breakfast, and recorded the time we could work before getting tired and stopping. On the next day, we all ate breakfast before going to work. We recorded how long we worked again before getting tired and stopping. Of interest was our mean increase in work time. My brother insisted that it was more than two hours.

You set up your own business in merchandising sector in Scranton, PA - opening a luxury watch shop on 1/1/2020.

The following is related information about the business:

-   Specific sub-sector: Merchandising sector.

-   Location: Scranton, PA

-   Business model: merchandiser - buying and selling luxury watches.

-   Investment by owner: $1,000,000

- You hired a shop manager. In order to handle different aspects of business, you had one employee responsible for the purchasing, receiving, and storing of watches purchased. A second employee is responsible for the maintenance of account receivable records and collection from customers. A third employee has responsibility for personal records, timekeeping, preparation of payrolls, and distribution of payroll checks. As a part of his job, the shop manager would do some internal control functions. In addition, you hired one security officer, and 4 full-time sales assistants.

Requirements:

1. Based on information given above, identify at least 3 internal control weaknesses that the company has – be specific and explain why those are weaknesses. (review chapter 6) (10 points).

2. Set up an effective Internal Control System for your business using 5 different internal control elements. Be very specific with each element. At least 2 pages long- double spaced. (review pages 164- 168 – chapter 6 textbook). (50 points).

Note: answer to questions 1 and 2 using APA writing style.

3. Draw a document flowchart to depict that the luxury watches are shipped back to the supplier if they are found to be damaged upon arrival at the receiving warehouse of your company (review pages 368-371 – Chapter 12 textbook) (10 points)

4. You are given the following economic events of the business in 2020 (30 points):

1/1/2020: Opened the business, invested $1,000,000 cash in the business.

1/1/2020: bought a building for the business purpose for $100,000 cash. The building has a useful economic life of 10 years.

1/1/2020: purchased 100 luxury watches for $200,000 with $100,000 cash payment, the remaining amount payable on 2/1/2021. (each watch costs $2,000)

3/1/2020: purchased 50 luxury watches for $250,000 with cash. Each watch costs $5,000.

4/1/2020: purchased 40 luxury watches for $240,000 with cash. Each costs $6,000.

6/1/2020: Sold 130 watched for $1,300,000. Of which $300,000 cash was received at the time of sale. The remaining amount to be received on 5/2/2021.

7/1/2020: paid $1,200 in advance for 12 months’ property insurance (7/1/20 to 7/1/21).

8/1/2020: borrowed $500,000 from a local Chase bank. Interest rate is 12%/year. Interest is paid every 6 months- the first payment date is 2/1/2021. Principal would be paid on 8/1/2021.

9/1/2020: to expand business, you rent a showroom in the next building. Paid $24,000 cash in advance for 12 month’s rent.

12/31/2020: Paid 2020 utilities expense, advertising expense, and miscellaneous expense for $5000, $15,000, and $4,000, respectively.

Salary is paid on the last day of each month. Each month’s salary expense is $20,000.

Notes:

• On 12/31/2020: Physical inventory showed that there were 60 luxury watches on hand at the end of the period. The company used periodic inventory system, and used FIFO costing method.
• Your business used straight-line depreciation method for all fixed assets.
• Ignore tax.

Requirement: Prepare an excel file that includes

1. Tab 1 titled “accounting entries”: prepare all journal entries, adjusting entries, closing entries needed for the period ending on 12/31/2020 based on above economic events (12 points.)

2. Tab 2 titled “income statement”: prepare a multiple-step income statement for year ended 12/31/2020. (5 points)

3. Tab 3 titled “Statement of retained earning”: Prepare Statement of retained earnings for year ended 12/31/2020 (5 points)

4. Tab 4 titled “Balance sheet”: prepare a balance sheet as of 12/31/2020 (8 points)

A firm has two mutually exclusive investment opportunities, Alpha and Beta. Returns on the projects are as follows: Project Alpha: returns $300 million after one year with probability 40% and $50 million after one year with probability 60%. Project Beta returns $180 million after one year for certain. Assume that all investors are risk-neutral so that present values can be calculated by discounting expected future cash flows at the risk-free interest rate of 5% per year. Also, assume that all tax rates are zero. If each of these projects requires an investment of $120 million and lenders were to agree to provide $120 million of financing today in exchange for a zero-coupon bond with a face value of $126 million maturing in one year, reflecting the 5% risk-free interest rate:

(a) Calculate the expected payoff after one year from each project for the firm and the equity holders.

(b) If management makes investment decisions that are in the best interest of equity holders, which project would they choose and what is the expected agency cost to the lenders?

Risk, Return, and the Capital Asset Pricing ModelAs a first day intern at Tri-Star Management Incorporated the CEO asks you to analyze the following in-formation pertaining to two common stock investments, Tech.com Incorporated and Sam’s Grocery Cor-poration. You are told that a one-year Treasury Bill will have a rate of return of 5% over the next year. Also, information from an investment advising service lists the current beta for Tech.com as 1.68 and for Sam’s Grocery as 0.52. You are provided a series of questions to guide your analysis.

Estimated Rate of Return

Economy             Probability          Tech.com            Sam’s Grocery                   S&P 500

Recession            30%                        –20%                                     5%                          – 4%

Average               20%                        15%                                        6%                          11%

Expansion            35%                        30%                                        8%                          17%       

Boom                    15%                        50%                                        10%                        27%

1. Which of these two-stock portfolios do you prefer? Why

Discussion board:

Risk, Return, and the Capital Asset Pricing ModelAs a first day intern at Tri-Star Management Incorporated the CEO asks you to analyze the following in-formation pertaining to two common stock investments, Tech.com Incorporated and Sam’s Grocery Cor-poration. You are told that a one-year Treasury Bill will have a rate of return of 5% over the next year. Also, information from an investment advising service lists the current beta for Tech.com as 1.68 and for Sam’s Grocery as 0.52. You are provided a series of questions to guide your analysis.

Estimated Rate of Return

Economy             Probability          Tech.com            Sam’s Grocery                   S&P 500

Recession            30%                        –20%                                     5%                          – 4%

Average               20%                        15%                                        6%                          11%

Expansion            35%                        30%                                        8%                          17%       

Boom                    15%                        50%                                        10%                        27%

1. Which of these two-stock portfolios do you prefer? Why

Consider a monopolist facing two types of consumers. Normalise the total population to 1. Type one consumers are in proportion 1/2, and type two are in proportion 1/2. The monopolist has marginal cost of production c = 1/2. The two types have demand curves

q₁ =1-p

q₂ =1-(p/2).

If the monopolist can identify the two types and can charge different two-part tariffs to different types: {A1, p1} and {A2, p2}. [All type one consumers are identical and have the q1 demand curve, All type 2 consumers are identical and have the q2 demand curve. When one consumer shows up, the firm knows exactly his type and can discriminate directly.]

1) Consider the situation that the monopolist cannot distinguish between the two types of consumers and wishes to serve both types with one two part tariff. That is, the monopolist knows that there are two types of consumers with the above mentioned demand curves and also is aware of the proportions of each type of consumers. But the monopolist cannot distinguish the two types of consumers and cannot price discriminate directly. The monopolist now offers one two part tariff {A, p} to serve both types. The optimal p is equal to?

2) In the two-part tariff in Q1, the optimal fixed fee A is equal to?

3) If the monopolist now offers two pricing plans {T₁,q₁} and {T₂,q₂}. That is, the consumers have two options: paying T1 for q1 (fixed quantity) of goods or paying T2 for a fixed q2 quantity of the good. For example {T1 = 10, q1 = 8} refers to the pricing plan such that the consumer pays $10 for 8 units of the good.

Take your answer from Q1 and Q2 (the one where the monopolist offers one two part tariff to both types of consumers). Set T1 to be the total expenditure from type 1 consumer under that tariff, that is T₁=A+pq₁ where q1 is the quantity demanded by type 1 under the previous tariff.

With {T₁,q₁} given as the above, we now want to work out the optimal  {T₂,q₂}. The optimal T2 is?

4) And the resulting q2 is?

Required information

[The following information applies to the questions displayed below.]

Arndt, Inc., reported the following for 2018 and 2019 ($ in millions):

1. Expenses each year include $40 million from a two-year casualty insurance policy purchased in 2018 for $80 million. The cost is tax deductible in 2018.
2. Expenses include $3 million insurance premiums each year for life insurance on key executives.
3. Arndt sells one-year subscriptions to a weekly journal. Subscription sales collected and taxable in 2018 and 2019 were $38 million and $67 million, respectively. Subscriptions included in 2018 and 2019 financial reporting revenues were $35 million ($13 million collected in 2017 but not recognized as revenue until 2018) and $43 million, respectively. Hint: View this as two temporary differences—one reversing in 2018; one originating in 2018.
4. 2018 expenses included a $29 million unrealized loss from reducing investments (classified as trading securities) to fair value. The investments were sold in 2019.
5. During 2017, accounting income included an estimated loss of $7 million from having accrued a loss contingency. The loss was paid in 2018 at which time it is tax deductible.
6. At January 1, 2018, Arndt had a deferred tax asset of $8 million and no deferred tax liability.

4. Prepare a schedule that reconciles the difference between pretax accounting income and taxable income. Using the schedule, prepare the necessary journal entry to record income taxes for 2019.

Prepare a schedule that reconciles the difference between pretax accounting income and taxable income. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

5. Compute the deferred tax amounts that should be reported on the 2019 balance sheet. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)