The grade appeal process at a university requires that a jury be structured by selecting six individuals randomly from a pool of eight students and thirteen faculty. (a) What is the probability of selecting a jury of all students? (b) What is the probability of selecting a jury of all faculty? (c) What is the probability of selecting a jury of three students and three faculty?
In: Statistics and Probability
GRADE =B1 + B2SKIP + Ɛ
Using the equation above make an equation from the description beIow
“TaIIer people tend to be heavier” Iet the words “taIIer” and “heavier” be represented by the variabIe “height” and “weight”, respectiveIy. Suppose, we come up with an econometrics modeI to study a dataset of these variabIes for the demographic segment of a university faculty members.
In: Statistics and Probability
The grade appeal process at a university requires that a jury be structured by selecting four individuals randomly from a pool of thirteen students and nine faculty. (a) what is the probability of selecting a jury of all students? (b) what is the probability of selecting a jury of all faculty? (c) what is the probability of selecting a jury of two students and two faculty?
In: Math
On January 1, 2018, Labtech Circuits borrowed $190,000 from First Bank by issuing a three-year, 8% note, payable on December 31, 2020. Labtech wanted to hedge the risk that general interest rates will decline, causing the fair value of its debt to increase. Therefore, Labtech entered into a three-year interest rate swap agreement on January 1, 2018, and designated the swap as a fair value hedge. The agreement called for the company to receive payment based on an 8% fixed interest rate on a notional amount of $190,000 and to pay interest based on a floating interest rate tied to LIBOR. The contract called for cash settlement of the net interest amount on December 31 of each year. Floating (LIBOR) settlement rates were 8% at inception and 9%, 7%, and 7% at the end of 2018, 2019, and 2020, respectively. The fair values of the swap are quotes obtained from a derivatives dealer. These quotes and the fair values of the note are as follows: January 1 December 31 2018 2018 2019 2020 Fair value of interest rate swap 0 $ (2,659 ) $ 1,835 $ 0 Fair value of note payable $ 190,000 $ 187,341 $ 191,835 $ 190,000 Required: 1. Calculate the net cash settlement at the end of 2018, 2019, and 2020. 2. Prepare the journal entries during 2018 to record the issuance of the note, interest, and necessary adjustments for changes in fair value. 3. Prepare the journal entries during 2019 to record interest, net cash interest settlement for the interest rate swap, and necessary adjustments for changes in fair value. 4. Prepare the journal entries during 2020 to record interest, net cash interest settlement for the interest rate swap, necessary adjustments for changes in fair value, and repayment of the debt. 5. Calculate the book values of both the swap account and the note in each of the three years. 6. Calculate the net effect on earnings of the hedging arrangement in each of the three years. (Ignore income taxes.) 7. Suppose the fair value of the note at December 31, 2018, had been $187,000 rather than $187,341 with the additional decline in fair value due to investors’ perceptions that the credit worthiness of Labtech was worsening. How would that affect your entries to record changes in the fair values?
In: Accounting
In “What Was Volkswagen Thinking?,” Jerry Useem (2016) discusses
James Burke, the CEO of Johnson & Johnson, and highlights
Burke’s decision to hold a meeting with his top executives to
discuss eliminating the company credo. Burke was concerned that the
managers were not reflecting upon the company credo for everyday
decisions. He called for a debate among his top managers about the
document and the role of moral duties in daily business. Instead of
voting to remove it, the managers chose to revitalize the message
of the credo within the company (Useem, 2016).
In your response, explain why this meeting was effective. Why do
you believe Burke chose this type of channel—where the managers
could not only directly talk to him, but they could also talk to
each other—over other types of communication?
Your response should be at least 500 words in length.
In: Operations Management
DETOMEHR Inc has a structure that aligns its people and resources first to Human Resources and then to its Consulting Platform. The company has placed a lot of effort into the design of their organization based on the belief that the design has a great impact on the organization's functioning and efficiency. It has three core services: Analytics, Engineering and Defense Services. There is one unique fact about the three core services. While Analytics (brings in $50M) and Engineering ($75M) placements are conducted with Human Resources taking the lead in qualifications and employee capability assessments, Defense Services ($150M) are 100% controlled by 3 of the 23 partners in the company.
17. Where do you think problems can develop in the organization under such an organization structure?
18. What are the advantages of such a structure?
19. What do you think one of a few problems the CEO of DETOMEHR Inc will have to confront as he/she manages the company.
In: Operations Management
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date Activities Units Acquired at Cost Units Sold at Retail Mar. 1 Beginning inventory 210 units @ $53.20 per unit Mar. 5 Purchase 280 units @ $58.20 per unit Mar. 9 Sales 370 units @ $88.20 per unit Mar. 18 Purchase 140 units @ $63.20 per unit Mar. 25 Purchase 260 units @ $65.20 per unit Mar. 29 Sales 240 units @ $98.20 per unit Totals 890 units 610 units 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale consisted of 120 units from beginning inventory and 250 units from the March 5 purchase; the March 29 sale consisted of 100 units from the March 18 purchase and 140 units fr
I am sorry. I thought I posted everything. My requirement is below.
Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale consisted of 120 units from beginning inventory and 250 units from the March 5 purchase; the March 29 sale consisted of 100 units from the March 18 purchase and 140 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.)
| Gross Margin | FIFO | LIFO | Avg. Cost | Spec. ID |
| Sales | ||||
| Less: Cost of goods sold | ||||
| Gross profit |
In: Accounting
Conch Republic Electronics Part 1
Conch Republic Electronics is a midsized electronics manufacturer located in Key West, Florida. The company president is Shelley Couts, who inherited the company. When it was founded over 70 years ago, the company originally repaired radios and other household appliances. Over the years, the company expanded into manufacturing and is now a reputable manufacturer of various electronic items. Jay McCanless, a recent MBA graduate, has been hired by the company's finance department.
One of the major revenue-producing items manufactured by Conch Republic is a smart phone. Conch Republic currently has one smart phone model on the market, and sales have been excellent. The smart phone is a unique item in that it comes in a variety of tropical colors and is preprogrammed to play Jimmy Buffett music. However, as with any electronic item, technology changes rapidly, and the current smart phone has limited features in comparison with newer models. Conch Republic spent $750,000 to develop a prototype for a new smart phone that has all the features of the existing smart phone but adds new features such as WiFi tethering. The company has spent a further $200,000 for a marketing study to determine the expected sales figures for the new smart phone.
Conch Republic can manufacture the new smart phones for $215 each in variable costs. Fixed costs for the operation are estimated to run $6.1 million per year. The estimated sales volume is 155,000, 165,000, 125,000, 95,000, and 75,000 per year for the next five years, respectively. The unit price of the new smart phone will be $520. The necessary equipment can be purchased for $40.5 million and will be depreciated on a seven-year MACRS schedule. It is believed the value of the equipment in five years will be $6.1 million.
As previously stated, Conch Republic currently manufactures a smart phone. Production of the existing model is expected to be terminated in two years. If Conch Republic does not introduce the new smart phone, sales will be 95,000 units and 65,000 units for the next two years, respectively. The price of the existing smart phone is $380 per unit, with variable costs of $145 each and fixed costs of $4.3 million per year. If Conch Republic does introduce the new smart phone, sales of the existing smart phone will fall by 30,000 units per year, and the price of the existing units will have to be lowered to $210 each. Net working capital for the smart phones will be 20 percent of sales and will occur with the timing of the cash flows for the year; for example, there is no initial outlay for NWC, but changes in NWC will first occur in Year 1 with the first year's sales. Conch Republic has a 35 percent corporate tax rate and a required return of 12 percent.
Shelley has asked Jay to prepare a report that answers the following questions.
Conch Republic Electronics Part 2
Shelley Couts, the owner of Conch Republic Electronics, had received the capital budgeting analysis from Jay McCanless for the new smart phone the company is considering. Shelley was pleased with the results, but she still had concerns about the new smart phone. Conch Republic had used a small market research firm for the past 20 years, but recently the founder of that firm retired. Because of this, she was not convinced the sales projections presented by the market research firm were entirely accurate. Additionally, because of rapid changes in technology, she was concerned that a competitor could enter the market. This would likely force Conch Republic to lower the sales price of its new smart phone. For these reasons, she has asked Jay to analyze how changes in the price of the new smart phone and changes in the quantity sold will affect the NPV of the project.
Shelley has asked Jay to prepare a memo answering the following questions.
QUESTIONS
1.What is the payback period of the project?
2.What is the profitability index of the project?
3.What is the IRR of the project?
4.What is the NPV of the project?
5.How sensitive is the NPV to changes in the price of the new smart phone?
6.How sensitive is the NPV to changes in the quantity sold of the new smart phone?
PLEASE ATTATCH EXCEL FILE FOR ANSWER THANK YOU!!!!!
In: Finance
answer questions about AMAZON
1. What industry does the firm operate in? Examine the firm’s
past and future position within the industry. Is it a leader? What
percent market share does it hold? Describe the services and
products that the firm produces.
2. Who are the company’s important managers (aka: insiders) CEO,
CFO, etc.? What is their experience? Is it applicable to their
current position within the firm? Are they owners of the firm’s
stock/bonds? How are they compensated? Are they buyers or sellers
of the firm’s stock/bonds?
3. 4. Explore the Company 10-K (Annual Report) and find its
Income Statement, Balance Sheet and Statement of Cash Flows. From
the firm’s financial statements, calculate the following ratios: (
Show calculations and indicate year)
A. Firm Liquidity
1. Current Ratio
2. Acid-Test Ratio
3. Average Collection Period
4. Accounts Receivable Turnover
5. Inventory Turnover
In: Finance
Adventures in Wild Life conducts tours of wildlife reserves around the world. They have recently purchased a new lodge in Adak, Alaska, utilizing a 4% mortgage from Bank of Alaska. As part of the agreement they must provide an annual report showing they are achieving a current ratio of 1.2 or better. In order to ensure they achieve this ratio, the CEO requested the CFO to reclassify the long-term debt investments into brokerage accounts to allow them to sell them soon. The adjustments were done knowing the company was not planning on selling these long-term investments. The economy took a downturn and the business saw revenues drop more than 60%.
In: Accounting