Types of Mutual Funds include the followings except

Select one:

a. Open-end mutual funds

b. Closed-end mutual funds

c. Superannuation guarantee funds

d. Exchange-traded funds (ETFs)

e. Index funds

Three six-month call options are traded on Digital Organics stock:

How would you make money by trading in Digital Organics options?

1. PepsiCo, near the top of Table 2-5 in the chapter, is a company that provides
comprehensive financial statements. Go to finance.yahoo.com. In the box next to
“Get Quotes,” type in its ticker symbol PEP and click.
2. Scroll all the way down to “Financials” and click on “Income Statement.” Compute
the annual percentage change between the three years for the following:
a. Total revenue.
b. Net income applicable to common shares.
3. Now click on “Balance Sheet” and compute the annual percentage change
between the three years for the following:
a. Total assets.
b. Total liabilities.
4. Write a one-paragraph summary of how the company is doing.

ABC Corporation Limited has A, B and C three owners, with 50%, 30% and 20% ownership respectively. In a particular financial year, the total revenue of the corporation is $1,250,000, and the total cost is $500,000. In this financial year, 60% of the after tax net income is paid as dividends. Assuming (1) the company income tax rate is 25% and the personal income tax rate is 18%, (2) A, B and C do not have any other income from any other source, and (3) A, B and C each has a total amount of deductions and exemptions of $50,000, what is the income tax paid by the company and what is the personal income tax paid by A, B and C respectively?

A debt of $7000 due today is to be settled by three equal payments due 3 months from now, 15 months from now, and 27 months from now. What is the size of the equal payments at 11% compounded annually?

Please Write Handwritten on the page

On your own words, explain the purpose and the importance of the income statement, and prepare the income statement for ABC company based on the following information taken from the trial balance in 2019

A business researcher wants to estimate the average travel time to work in Cleveland. A random sample of 45 Cleveland commuters is taken and the travel time (in minutes) to work is obtained from each. The data is shown in the table below.

1. Define the random variable X in words ________________________________________________
2. Calculate                      X   =     ___________ _Answer
3. Calculate                      sx =     ___________ _Answer
4. You wish to construct a 95% confidence interval for the population mean Cleveland commute time.
   1. Should you use a t-distribution or a z-normal distribution for this confidence interval?

                                                                      ____________________________ _Answer

2. Construct a 90% confidence interval for the population mean commute time.

                                                                                                                                                                                                                                    __________ <   µ   <   _________ _Answer

Here is the R code for running a t-test:

t.test( numeric vector of data values, another optional numeric vector of data values,

       alternative = c("two.sided", "less", "greater"),

       mu = Ho, paired = c(TRUE, FALSE), var.equal = c(TRUE,FALSE),conf.level =1-)

2)

You want to determine if the average height of men in California is greater than the average height of men in Nebraska. You take a random sample of 30 men in California and 30 men in Nebraska. The data below represents the heights of the men in inches. Write the R code that does the following:

H0: Difference in means in populations is zero.

Ha: Difference in means in the populations is not zero.

NE_heights<-c( 73.5, 68.5, 70, 63, 64, 65, 64, 70, 61, 61.25, 69, 73, 69, 66, 69.5, 68,

64, 64, 72.5, 69, 67, 63, 66.5, 70.5, 64, 67, 71, 74, 68, 65)

CA_heights <- c( 72, 73.5, 74, 75, 66, 78, 70, 73, 74, 68, 71, 68, 67, 66, 73, 72, 82, 71, 64, 72, 65, 66, 69, 83, 67, 74, 76, 65, 74, 79)

a.) Makes two boxplots, an orange one for the CA_heights data and a red one for the NE_heights data which labels the main title "Men’s heights California vs Nebraska" and names the CA_heights data as "CA heights" and the NE_heights data as "NE heights".

b.) Computes the, sample size, mean and standard deviation of both CA_heights and NE_heights data.

c.) Performs an unpaired "less" than t-test with =.02 to decide whether there is a statistically significant difference between men’s heights in California and Nebraska.

d.) Paste your R code into Run R Script and run the script.

e.) Paste the R output to the bottom R code.

f.) Looking at the p-value in the R output, decide if there is evidence to suggest that there is a statistically significant difference between men’s heights in California and Nebraska.

Write the p-value and your conclusion at the top of your R code.

Scores in the first and final rounds for a sample of 20 golfers who competed in tournaments are contained in the Excel Online file below. Construct a spreadsheet to answer the following questions.

Suppose you would like to determine if the mean score for the first round of an event is significantly different than the mean score for the final round. Does the pressure of playing in the final round cause scores to go up? Or does the increased player concentration cause scores to come down?

a. Use  to test for a statistically significantly difference between the population means for first- and final-round scores. What is the -value?

-value is  (to 4 decimals)

What is your conclusion?

There _______is ais no significant difference between the mean scores for the first and final rounds.

b. What is the point estimate of the difference between the two population means?

(to 2 decimals)

For which round is the population mean score lower?

_________First roundFinal round

c. What is the margin of error for a 90% confidence interval estimate for the difference between the population means?

(to 2 decimals)

Could this confidence interval have been used to test the hypothesis in part (a)?

_____ (Yes/No)

Explain.

Use the point of the difference between the two population means and add and subtract this margin of error. If zero _______isis not in the interval the difference is not statistically significant. If zero _______isis not in the interval the difference is statistically significant.

(4) Performance-Based Share Option Compensation Plan

On January 1, 2016, Pierce Company establishes a performance-based share option plan for its 80 top executives. The terms of the plan are that each executive is granted a maximum of 200 options after completing a 3-year service period. The exact number of options granted, however, depends on the percentage increase in sales over the 3-year period. The terms are: (1) if sales increase between 0% and 3%, each executive is granted 90 options; (2) if sales increase between 4% and 6%, each executive is granted 140 options; and (3) if sales increase at least 7%, each executive is granted the maximum number of options. Each option entitles the executive to acquire one share of the company’s $10 par common stock at a price of $45. The options expire at the end of 4 years.

On the grant date, Pierce uses an option pricing model to estimate that the fair value of each share option is $15.50. Pierce’s employee turnover rate is expected to be 16% over the service period. At the end of 2017, because of lower turnover, Pierce revises its estimated turnover rate to 14% for the service period. At the end of 2018, options vest for 68 executives. On February 3, 2019, 50 executives exercise their options when the market price of the company’s common stock is $62 per share. During the remainder of the year, the market price declines so that at the end of 2019 the other 18 executives allow their options to expire.

Based on a projection of past trends, on the grant date Pierce estimates that its sales will increase about 5% by the end of 2018. This estimate appears accurate through 2017. However, in the last half of 2018, sales increase so much that at the end of 2018 Pierce determines that its total sales have increased by 7% over the 3-year service period. All inventory is shipped by Pierce to its customers under FOB destination terms.

Required:

Prepare Pierce’s memorandum entry and the journal entry on December 31, 2016 in regard to this plan. Additional Instructions

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GENERAL JOURNAL

Prepare Pierce’s memorandum entry and the journal entry on December 31, 2017 in regard to this plan. Additional Instructions

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GENERAL JOURNAL

Prepare Pierce’s memorandum entry and the journal entry on December 31, 2018 in regard to this plan. Additional Instructions

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GENERAL JOURNAL

Prepare Pierce’s memorandum entry and the journal entries on February 3, 2019 and December 31, 2019 in regard to this plan. Additional Instructions

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GENERAL JOURNAL

Show how the account(s) related to the plan is (are) reported in the shareholders’ equity section of Pierce’s December 31, 2017, balance sheet. Additional Instructions

Prepare a schedule of Pierce’s compensation computations for its compensatory share option plan for 2016 through 2018.Additional Instructions