Questions
Celebrity plc. has a target debt-equity ratio of 0.8. Its WACC is 10.5% and the tax rate is 35 per cent

Celebrity plc. has a target debt-equity ratio of 0.8. Its WACC is 10.5% and the tax rate is 35 per cent

(a) If the firm's cost of equity is 15 per cent what is its pre-tax cost of debt?

(b) If instead you know that the after-tax cost of debt is 6.4 per cent, what is the cost of equity?

In: Accounting

The current price of a non-dividend paying stock is $30. Use a two-step tree to value...

The current price of a non-dividend paying stock is $30. Use a two-step tree to value a European call option on the stock with a strike price of $28 that expires in 12months. Each step is 6months, the continuously compounded risk-free rate is 8% per annum. Calculate the European call option price when u=1.2 and d=0.8.

In: Finance

Calculate the following binomial probability by either using one of the binomial probability tables, software, or...

Calculate the following binomial probability by either using one of the binomial probability tables, software, or a calculator using the formula below. Round your answer to 3 decimal places. P(x | n, p) = n! (n − x)! x! · px · qn − x where q = 1 − p P(x > 15, n = 20, p = 0.8) =

In: Statistics and Probability

For a right-sided system specified by the transfer function H(z) = z/(z - 0.5)and an input...

For a right-sided system specified by the transfer function
H(z) = z/(z - 0.5)and an input x[n] = (0.8)n u[n]
find the poles of the response Y[z] and the ROC.
(Hint: Find X(z). H(z) = Y(z)/X(z). Find individual poles’ ROC and then find the common region of convergence)

In: Electrical Engineering

You have a wire of length L = 1.7 m for making a square coil of...

You have a wire of length L = 1.7 m for making a square coil of a dc motor. The current in the coil is I = 0.8 A, and the magnetic field of the motor has a magnitude of B = 0.31 T. Find the maximum torque exerted on the coil when the wire is used to make (a) a single-turn square coil and (b) a two-turn square coil.

In: Physics

1. Dunder Mifflin recently expanded its supply to include not just paper, but also copiers. David...

1. Dunder Mifflin recently expanded its supply to include not just paper, but also copiers. David Wallace, the chief financial officer, claims that the expansion

is a smashing success, with the copier production process producing defective parts only 0.7% of the time. Michael Scott is not superstitious. . . but he is

a little stitious. He believes that David Wallace’s claim is incorrect. He randomly selects 750 copier parts and finds 12 that are defective. Do these data provide

evidence at the 10% level that the proportion of defective copier parts is not 0.7%?

(a) Define the appropriate parameter and hypotheses.

(b) Check that the appropriate assumptions hold.

(c) Calculate the appropriate test statistic. Show your work.

(d) Find the rejection region.

(e) Use your results from the test to provide support for your decision about the null hypothesis.

(f) Summarize the results of your hypothesis test in context.

2. As regional co-manager of Dunder Mifflin, Jim suggests using the p-value approach to double check behind

Michael. Find the appropriate p-value (use appropriate probability notation) and provide support for a decision about H0. Does your conclusion change at all?

In: Statistics and Probability

Better Than That Corporation makes a product with the following standard costs: Standard Quantity or Hours...

Better Than That Corporation makes a product with the following standard costs:

Standard Quantity or Hours

Standard Price or Rate

Direct materials

3.5

grams

$

1.00

per gram

Direct labor

0.7

hours

$

11.00

per hour

Variable overhead

0.7

hours

$

2.00

per hour

The company planned to produce 3,200 units of output during July and reported the following actual results concerning this product in July.

Actual output

3,000

units

Actual direct labor-hours

1,910

hours

Purchases of raw materials

12,100

grams

Actual price of raw materials purchased

$

1.20

per gram

Actual direct labor rate

$

11.40

per hour

Actual variable overhead rate

$

2.10

per hour

The company applies variable overhead on the basis of direct labor-hours. Assume all of the materials purchased were used during the month to produce the 3,000 units.

  1. Calculate the direct materials price variance.
  2. Calculate the direct materials quantity variance.
  3. Calculate the direct labor rate variance.
  4. Calculate the direct labor efficiency variance.
  5. Calculate the variable overhead rate variance.
  6. Calculate the variable overhead efficiency variance.

In: Accounting

Is the national crime rate really going down? Some sociologists say yes! They say that the...

Is the national crime rate really going down? Some sociologists say yes! They say that the reason for the decline in crime rates in the 1980s and 1990s is demographics. It seems that the population is aging, and older people commit fewer crimes. According to the FBI and the Justice Department, 70% of all arrests are of males aged 15 to 34 years†. Suppose you are a sociologist in Rock Springs, Wyoming, and a random sample of police files showed that of 37 arrests last month, 21 were of males aged 15 to 34 years. Use a 5% level of significance to test the claim that the population proportion of such arrests in Rock Springs is different from 70%.

(a) What is the level of significance?
0.05

State the null and alternate hypotheses.

H0: p = 0.7; H1: p0.7

b) What sampling distribution will you use?

The standard normal, since np > 5 and nq > 5.


What is the value of the sample test statistic? (Round your answer to two decimal places.)
-1.73

Find the P-value of the test statistic. (Round your answer to four decimal places.)

Please help me find the P value! I cannot figure it out. Can you show steps?

In: Statistics and Probability

A bank wants to know if the enrollment for new savings accounts has improved at various...

A bank wants to know if the enrollment for new savings accounts has improved at various branches after offering a free iPhone X to customers. Use the data from "iphoneX" sheet in excel

Run the appropriate statistical test with α=0.05. Which of the following are correct? More than one answer is possible.

There was a decrease of 0.7 people enrolled on average in a new savings account after offering a free iPhone X.

There was an increase of 0.7 people enrolled on average in a new savings account after offering a free iPhone X.

The test was NOT statistically significant at α=0.05

The test was statistically significant at α=0.05

before iPhoneX after iPhoneX
69 34
35 28
28 11
9 45
50 88
24 89
31 25
6 2
88 54
19 20
31 95
74 94
7 74
21 1
17 28
82 100
24 71
84 42
88 29
72 2
13 24
55 70
22 11
25 34
38 2
15 14
3 56
83 52
59 80
96 14

In: Statistics and Probability

You are required to design a watch tower. The watch tower is circular and has an...

You are required to design a watch tower. The watch tower is circular and has an outer diameter of 1500mm. The tower is built of 2 skins of masonry brick work. The supplier data sheet says that the density of the brickwork is 1900 kg/m3 . The tower has a slab at the top and watchmen sit there. The tower is built on a square concrete slab 2m by 2m. the slab is 300mm thick. It has finishes of 50mm on it. The concrete slab sits on masonry walls that are 4m high above ground level. These walls are also double skin walls. The foundation is a strip footing. The geotechnical engineer has given you an allowable bearing pressure of 300 kPa at a depth of 1000mm below ground level. The height of the watch tower from the top of the concrete slab to the top of the tower is 10m. Determine the minimum width of the foundation. Also determine the factored loads in the foundation? Use factors 1.2 DL + 1.6 LL.

In: Civil Engineering