Harold and Maude plan to take a cruise together, but they live in separate cities. The cruise departs from Miami, and they each book a flight to arrive in Miami an hour before they need to be on the ship. Their travel planner explains that Harold's flight has an 83% chance of making it on time for him to get to the ship and that Maude's flight has a 93% chance of making it on time.
a)Whether realistic or not, assuming that the probabilities are independent, what is the probability that one of the two will be cruising alone?
In: Statistics and Probability
Joe Exotic Inc. is considering expanding into the cruise line business. To finance the expansion project, Joe Exotic will issue a 3-year, zero coupon bond with face value of $500 million for $450.97 million. Joe’s consultants have analyzed the cruise line market and produced the following scenarios for the expansion project for each of the next three years:
Probability |
EBIT | Depreciation | CapEx | |
High | .35 | 750 | 50 | 50 |
Medium |
.35 | 500 | 50 | 50 |
Low | 0 | 0 | 50 | 50 |
Joe’s consultants have determined that the unlevered cost of capital in the cruise line industry is 6%. The expected return on the market portfolio is 4.75% and the risk-free rate is 1.50%. Joe Exotic Inc. has a D/E ratio of 0.75 and is subject to a 35% corporate tax. (Note: When EBIT is less than debt interest, a firm is unable to get a tax deduction.)
a) Use the APV approach to evaluate Joe’s expansion project. Should Joe Exotic invest into the cruise line business if the initial cost is $800 million?
b) List three scenarios in which you would prefer to use the APV approach over the WACC approach.
Note: Show your work in detail
In: Finance
using python
In the directory rootdir some of the files contain randomly generated content while others are written by human authors. Determine how many of the files contained in the directory are written by human authors. Store your answer in the variable number_human_authored.
In: Computer Science
Using python: In the directory rootdir some of the files contain randomly generated content while others are written by human authors. Determine how many of the files contained in the directory are written by human authors. Store your answer in the variable number_human_authored.
In: Computer Science
Using python:
In the directory rootdir some of the files contain randomly generated content while others are written by human authors. Determine how many of the files contained in the directory are written by human authors. Store your answer in the variable number_human_authored
In: Computer Science
A 2003 Gallup poll asked 804 American adults who ate at fast food restaurants at least monthly, if they would choose a healthier menu option or stick with their current favorite item.
350 said they would choose a healthier menu option.
When the researchers report this result, what margin of error should they state (for 95% confidence)?
lower limit = ____________________
Upper limit = ____________________
Margin of error = ± __________________________ (express as a decimal to 4 decimal places)
In: Statistics and Probability
Chapter 4
1. Violent offenders make up more than half of the prison population. How can violence be curtailed in the United States? What public policies may have the effect of reducing the rate of violence in American civil society? Finally, how can the incarceration rates be explained in terms of race and gender? Why are African Americans and Latino Americans more likely to be jailed in the United States?
Minimum 350 word count.
In: Economics
Using repl.it, your own Linux installation, or other Linux emulator do the following and take screenshots for the steps that require it. Paste your screenshots into a word document, in the same order as the questions, and upload the file by 11 AM on Friday.
1. Show the contents of your home directory and take a screenshot
2. Create a directory named IT305 in your home directory and take a screenshot
3. Create a file called oldfile.txt in your home directory using the command line method of your choice. Make sure the file has at least 10 lines of characters in it. (I would suggest writing 10 lines that follow a pattern like this - This is line 1. This is line 2. and so on)
4. Create a new file in IT305 in the following manner:
use the nl command to number the lines of oldfile.txt, pipe that to the head command but only show the first 5 lines, pipe that to the tail command but only show 2 lines and redirect that output to the IT305 folder and create the newfile.txt. Do this on one command line. Take a screenshot of the command line that you use and of the contents of newfile.txt
5. Using the nslookup command, do a lookup of www.marymount.edu (Links to an external site.)and redirect the output to a file named marymount.txt
6. del the IT305 directory and take a screenshot that shows that it is no longer in your home directory
In: Computer Science
The following items were selected from among the transactions completed by Aston Martin Inc. during the current year:
Apr 15 - Borrowed $225,000 from Audi Company, issuing a 30-day, 6% note for that amount.
May 1 - Purchased equipment by issuing a $320,000, 180-day note to Spyder Manufacturing Co., which discounted the note at the rate of 6%.
May 15 - Paid Audi Company the interest due on the note of April 15 and renewed the loan by issuing a new 60-day, 8% note for $225,000. (Record both the debit and credit to the notes payable account.)
July 14 - Paid Audi Company the amount due on the note of May 15.
August 16 - Purchased merchandise on account from Exige Co., $90,000, terms, n/30
September 15 - Issued a 45-day, 6% note for $90,000 to Exige Co., on account.
October 28 - Paid Spyder Manufacturing Co. the amount due on the note of May 1
October 30 - Paid Exige Co. the amount owed on the note of September 15.
November 16 - Purchased store equipment from Gallardo Co. for $450,000, paying $50,000 and issuing a series of twenty 9% notes for $20,000 each, coming due at 30-day intervals.
December 16 - Paid the amount due Gallardo Co. on the first note in the series issued on November 16.
December 28 - Settled a personal injury lawsuit with a customer for $87,500, to be paid in January. Aston Martin Inc. accrued the loss in a litigation claims payable account.
Instructions
1. Journalize the transactions.
2. Journalize the adjusting entry for each of the following accrued expenses at the end of the current year:
a. Product warranty cost, $26,800.
b. Interest on the 19 remaining notes owed to Gallardo Co.
In: Accounting
In order to get a better idea of just how significant the issue of cybersecurity is, including the protection employee's personal information in the hands of employers.
You can easily find other articles like: Cybersecurity Threats; Cybersecurity in American business; Digital security in America.
You'll probably be amazed at how big this problem is. Let's discuss what kind of problem these threats might pose for employers, from the release of all kinds of personal employee data, to the loss of company proprietary information, to the possibility the company's whole computer system could be shut down or jeapordized.
In: Operations Management