Questions
THE INVENTORY VALUATION ISSUE IS SOLVED BY USING DIFFERENT COST FLOW ASSUMPTIONS (METHODS): Introduction: Pretend you...

THE INVENTORY VALUATION ISSUE IS SOLVED BY USING DIFFERENT COST FLOW ASSUMPTIONS (METHODS):

Introduction: Pretend you are at the drug store waiting in line. There is a basket filled with one particular brand of candy all in identical wrappers. But suppose the candy was purchased by the drug store on different dates in a rising economy and at different costs, say a lot of 100 units was purchased at .04 cents/per unit, and another lot of 150 units was purchased at .05 cents per unit, and a third lot of 200 units was purchased at .06 cents per unit, then how does the drug store track the different costs of this identical product in the basket for purposes of calculating profit or loss? It has to first identify the cost of the product it sold. But it doesn't really know whether the one candy item was originally purchased at a cost of .04, .05 or .06 cents.

There is a point where it is not economically feasible to track similar items separately. So to resolve, the accounting world devised and relies on certain COST FLOW ASSUMPTIONS or methods to place a value on its inventory.


Note the characteristics used in each calculation as applied in the FIFO and LIFO methods below:


EXAMPLES: Using the following beginning inventory, purchases, and sales data for cell phones for March, note how Ending Inventory is calculated differently using First-In, First-out, Last-in, First-out, and the Lower of Cost or Market methods.

March 1: Beginning inventory: 1,000 units at $40

Purchases during March:
March 5: 500 units at $42
March 20: 450 units at $44

Sales during March:
March 8: 700 units
March14: 600 units
March 31: 300 units
===============================

FIRST-IN, FIRST-OUT (FIFO) METHOD: Assumes the oldest purchase was the first used or sold. Thus your remaining balance would be valued at the more recent remaining costs.
Example #1: Assume that the perpetual inventory system is used, costing by FIFO method, determine the cost of merchandise sold for each sale and the inventory balance after each sale for the above data. For understanding, study and trace the transactions through in the example provided.


LAST-IN, FIRST-OUT (LIFO) METHOD: Assumes the newest purchase was the first used or sold. Thus the remaining balance would be valued at the costs of the older remaining products.
Example #2: Using the same data above, now assume that the perpetual inventory system is used, costing by LIFO method, determine the cost of merchandise sold for each sale and the inventory balance after each sale. For understanding, study and trace the transactions through in the example provided.


LOWER OF COST OR MARKET METHOD (LCM) METHOD: This method might be used for diamonds, or minerals or the like where the market price changes daily or more frequently. Conservative accounting philosophies dictate to value such items at either the lower of the price (cost) when the merchandise was purchased or at its current market value(which is the price the item is currently being sold at). Hence if on the last day of the month, an item purchased earlier in the month by the company, say at $500 per unit was then selling at $600 per unit, the inventory value used in the accounting records at the end of the month would be $500. (i.e. the lower of the cost or the market price).
Using the data below, apply the LCM method to calculate Ending Inventory:
Commodity Quantity Unit Cost Unit Market Price

Aquarius 20 $80 $92
Capricorn 50 70 65
Leo 8 300 280
Scorpio 30 40 30
Taurus 100 90 94


Example #3: Calculate the lower of cost or market for each item above and total those amounts to calculate final inventory value. For understanding, study and trace the amounts through in the example provided.

In: Accounting

Suppose that the term structure of interest rates is flat in England and Germany. The GBP...

Suppose that the term structure of interest rates is flat in England and Germany. The GBP interest rate is 6% per annum and the EUR rate is 4% per annum. In a swap agreement, a financial institution pays 10% per annum in GBP and receives 8% per annum in EUR. The exchange rate between the two currencies has changed from 1.1 EUR per GBP to 1.05 EUR per GBP since the swap’s initiation. The principal in British pounds is 10 million GBP. Payments are exchanged every year, with one exchange having just taken place. The swap will last three more years. What is the value of the swap to the financial institution in terms of euros? Assume all interest rates are continuously compounded.

In: Finance

May 62 58 35 95 102 149 80 229 69 227 202 138 201 72 135...

May
62
58
35
95
102
149
80
229
69
227
202
138
201
72
135
274
99
117
146
146
89
167
141
251
145
189
156
229
214
113
204
188
330
250
170
183
174
127
133
232
244
336
138
178
162

Open Tornadoes_HW6 data. Test if the month of May has more than 130 tornadoes on average.

13. What test/procedure did you perform? (5 points)

  • a. One-sided t-test
  • b. Two-sided t-test
  • c. Regression
  • d. Confidence Interval

14. What is the P-value/margin of error? (5 points)

  • a. 68.90523
  • b. 163.9778
  • c. 20.70142
  • d. None of these

15. What is the Statistical interpretation? (5 points)

  • a. The P-value is much greater than 5% thus we cannot claim that the averages are different.
  • b. The P-value is much greater than 5% thus we are very certain that the slope is not zero.
  • c. The prediction interval for the true average number of tornadoes for the month of May is [143.2764, 184.6792]
  • d. The P-value is much greater than 5% thus we cannot claim that May has more than 130 tornadoes on average

16. What is the conclusion? (5 points)

  • a. We are confident that May has a high average of number of tornadoes.
  • b. We are confident that the month of May has more than 130 tornadoes on average.
  • c. We cannot be confident that the month of May has more than 130 tornadoes on average.
  • d. None of these.

In: Statistics and Probability

May 61 57 34 94 101 148 79 228 68 226 201 137 200 71 134...

May
61
57
34
94
101
148
79
228
68
226
201
137
200
71
134
273
98
116
145
145
88
166
140
250
144
188
155
228
213
112
203
187
329
249
169
182
173
126
132
231
243
335
137
177
161

Open Tornadoes_HW6 data. Test if the month of May has more than 130 tornadoes on average.

13. What test/procedure did you perform? (5 points)

  • a. One-sided t-test
  • b. Two-sided t-test
  • c. Regression
  • d. Confidence Interval

14. What is the P-value/margin of error? (5 points)

  • a. 68.90523
  • b. 163.9778
  • c. 20.70142
  • d. None of these

15. What is the Statistical interpretation? (5 points)

  • a. The P-value is much greater than 5% thus we cannot claim that the averages are different.
  • b. The P-value is much greater than 5% thus we are very certain that the slope is not zero.
  • c. The prediction interval for the true average number of tornadoes for the month of May is [143.2764, 184.6792]
  • d. The P-value is much greater than 5% thus we cannot claim that May has more than 130 tornadoes on average

16. What is the conclusion? (5 points)

  • a. We are confident that May has a high average of number of tornadoes.
  • b. We are confident that the month of May has more than 130 tornadoes on average.
  • c. We cannot be confident that the month of May has more than 130 tornadoes on average.
  • d. None of these.

In: Statistics and Probability

Professor Very Busy needs to allocate time next week to include time for office hours. He...

Professor Very Busy needs to allocate time next week to include time for office hours. He needs to forecast the number of students who will seek appointments. He has gathered the following data:

Week #Students
6 Weeks ago 83
5 Weeks ago 110
4 Weeks ago 95
3 Weeks ago 80
2 Weeks ago 65
Last Week 50

  
What is this week's forecast using exponential smoothing with alpha = .2, if the forecast for two weeks ago was 90?

In: Other

Run No. Cup Temp. (˚C) Time (sec.) 1 C 10 139 1 RT 22 48 1...

Run No.

Cup

Temp. (˚C)

Time (sec.)

1

C

10

139

1

RT

22

48

1

H

46

21

2

C

6

162

2

RT

22

45

2

H

44

20

3

C

8

149

3

RT

22

48

3

H

42

20

Avg.

C

8

150

Avg.

RT

22

47

Avg.

H

44

20.33

  1. Using graphing software such as Excel®, graph the results of Activity 1. Please see the Introduction to Graphing manual for guidance.

             a. What are the two variables that you graphed?

             b.Which is the independent variable? Should it be on the X- or Y-axis? Why?

             c. Which is the dependent variable? Should it be on the X- or Y-axis? Why?

Note: This a chemistry experiment, where we try to dissolve a Alka-Seltzer® tablet in 3 different temp of water. C = Cold , RT = Room temp, H = Hot. Then we record the time the tablet takes to dissolve in each cup of water (we do this 3 times for each cup with different temp). I know that the independent variable is the temp and the dependent variable is the time the tablet takes to dissolve, but I do not know how to graph the data on Excel or which needs to be on the x or y axis.

In: Statistics and Probability

The following question must be answered in the C programming language and may not be written...

The following question must be answered in the C programming language and may not be written in C++ or any other variation.

Problem 5

This problem is designed to make sure you can write a program that swaps data passed into it such that the caller's data has been swapped. This is something that is done very frequently in manipulating Data Structures.

The Solution / Test Requirements

I want your program to demonstrate that you understand how to swap information passed into a function and have the calling routine print out the data before and after the call to verify the data has been swapped. Call your functions Swap and SwapStructs. Swap is a function that receives the information to swap. The information is two integers. How should Swap receive them? How should it process them? SwapStructs is a function that receives two structs to swap. How should SwapStructs receive them? How should it process them?

Your Test Main must:

1. Declare two integers and initialize them to the values 1 and -1.

2. Print out the integers.

3. Call Swap to swap the values.

4. Print out the values on return from the function.

5. Declare a struct that holds 2 integers using a typedef for the struct.

6. Dynamically allocate two separate variables using the typedef and fill the dynamically allocated structs, filling the first with the values 10 and 20 and the second with 30 and 40.

7. Print out the values in each of the structs

8. Call SwapStructs to swap the contents of the structs.

9. Print out the values in the structs on return.

10. Free the memory that was dynamically allocated.

For your convenience, here is an output of my program:

Before call..I= 1, J=-1 After call.. I=-1, J= 1

Before SwapStructs..ptr1 contains 10 and 20

Before SwapStructs..ptr2 contains 30 and 40

After SwapStructs..ptr1 contains 30 and 40

After SwapStructs..ptr2 contains 10 and 20

Process returned 0 (0x0) execution time : 0.034 s Press any key to continue.

In: Computer Science

0 0 0 0 0 0 0 0 0 0 0 6 7 10 10 10...

0
0
0
0
0
0
0
0
0
0
0
6
7
10
10
10
15
15
15
15
15
15
15
20
20
20
20
20
20
20
20
20
20
20
20
25
25
25
25
26
26
27
30
30
30
30
30
30
30
35
35
35
35
35
36
36
36
36
40
40
40
40
40
40
40
40
40
40
45
45
50
50
60
60

80

INTERVAL ESTIMATE
Confidence Level
Sample Standard Error
Margin of Error
Upper Limit of Confidence Interval
Lower Limit of Confidence Interval
2 TAILED HYPOTHESIS TEST
Null Hypothesis
Alternative Hypothesis
Hypothesized Mean
Significance Level
t Test Statistic
t Critical Values
P-value
Reject Ho?

if you could please use the data to find these parts even just including the excel equations would help extremely please try to explain. please make it easy to follow and label things. I will 100% upvote!!

In: Statistics and Probability

Booher Book Stores has a beta of 0.5. The yield on a 3-month T-bill is 5% and the yield on a 10-year T-bond is 7%.

FIN - 650 --- Problem 9-06 (Cost of Equity: CAPM)

Booher Book Stores has a beta of 0.5. The yield on a 3-month T-bill is 5% and the yield on a 10-year T-bond is 7%. The market risk premium is 4.5%, and the return on an average stock in the market last year was 14%. What is the estimated cost of common equity using the CAPM? Round your answer to two decimal places.

________%

In: Finance

Company C is considering a new project that is expected to last for 5 years. Its...

Company C is considering a new project that is expected to last for 5 years. Its marketing group expects annual sales of $40 million for the first year, increasing by $10 million per year for the following four years. Manufacturing costs (i.e., COGS) and operating expenses (excluding depreciation) are expected to be 40% of sales and $7 million, respectively, from years 1-5. Developing the product will require upfront R&D and marketing expenses of $8 million total in period 0. The fixed assets necessary to produce the product will require an investment of $20 million in period 0. The equipment will be obsolete once production ceases and (for simplicity) will be depreciated via the straight-line method over the five year period for tax purposes. The company expects to incur a $1 million net working capital outlay at the start of the project (period 0) that is recovered at the end of the project (period 5). The company has a target of 60% equity financing (E/V=0.6), a cost of debt of 5%, a cost of equity of 12%, and pays a 35% corporate tax rate. The economy-wide risk-free rate is 4%. Calculate the Net Present Value of the project. Assume the project has the same riskiness as the overall firm. Please answer in millions of dollars (e.g., if the answer is one billion dollars enter 1,000 not 1,000,000,000).

6.9.1

In: Finance