Lecondo Company is engaged in the manufacture and sale of fitness apparel. Several years ago it bought a health food business that has incurred losses since its acquisition. In 2018, the company sold the health food business. The results of operations and other activities for 2018 are summarized below.
Fitness Apparel Health foods
Net sales $17,400,000 $2,600,000
Cost of goods sold 8,100,000 1,700,000
Other operating expenses 4,700,000 1,200,000
Other:
The health food business was sold in September 2018 at a disposal loss of $500,000.
Treasury stock that had been acquired in 2017 for $130,000 was sold in 2018 for $195,000. The difference between cost and reissue price is not taxable.
During 2018, Lecondo sold 10,000 shares of its previously unissued $10 par value common stock to the public at a price of $27 per share.
Interest revenue of $2,000 was earned during 2018.
Cash dividends declared and paid during 2018 amounted to $700,000.
The fitness apparel division sold land at a $98,000 gain during 2018.
All of the foregoing amounts are before considering the effects of income taxes. The income tax rate is 40%.
Required: Calculate the following amounts that would appear on Lecondo’s income statement. Be alert for items that should not be included in the computation of net income.
Gross profit
Operating income
Income from continuing operations before taxes
Income from continuing operations
Net income
Check figures:
b. Operating income, $4,600,000
c. Income from continuing operations (before taxes), $4,700,000
d. Income from continuing operations (after taxes), $2,820,000
e. Net income, $2,340,000
In: Accounting
Consider the data.
|
xi |
2 | 6 | 9 | 13 | 20 |
|---|---|---|---|---|---|
|
yi |
8 | 17 | 11 | 28 | 23 |
(a)What is the value of the standard error of the estimate? (Round your answer to three decimal places.)
(b)Test for a significant relationship by using the t test. Use α = 0.05. State the null and alternative hypotheses.
(b.1)Find the value of the test statistic. (Round your answer to three decimal places.)
(b.2)Find the p-value. (Round your answer to four decimal places.)
(c)State your conclusion out of the option below.
Do not reject H0. We cannot conclude that the relationship between x and y is significant.
Reject H0.We cannot conclude that the relationship between x and y is significant.
Do not reject H0. We conclude that the relationship between x and y is significant.
Reject H0. We conclude that the relationship between x and y is significant.
(d)Use the F test to test for a significant relationship. Use α = 0.05. State the null and alternative hypotheses.
(d.1)Find the value of the test statistic. (Round your answer to two decimal places.)
(d.2)Find the p-value. (Round your answer to three decimal places.)
(e) What is your conclusion out of the options below?
Reject H0. We conclude that the relationship between x and y is significant.
Do not reject H0. We cannot conclude that the relationship between x and y is significant.
Do not reject H0. We conclude that the relationship between x and y is significant.
Reject H0. We cannot conclude that the relationship between x and y is significant.
In: Statistics and Probability
| Female Health Data | Looking at the correlation matrix identify one good and one bad regression pair and conduct detailed regression analysis with all explanations similar to example from Ch 18 repeated below | |||||||||||||||||
| Data>Data Analysis ToolBox>Correlation | Data>Data Analysis ToolBox> Regression | |||||||||||||||||
| AGE | HT | WT | WAIST | PULSE | SYS | DIAS | CHOL | BMI | LEG | ELBOW | WRIST | ARM | ||||||
| 17 | 64.3 | 114.8 | 67.2 | 76 | 104 | 61 | 264 | 19.6 | 41.6 | 6 | 4.6 | 23.6 | ||||||
| 32 | 66.4 | 149.3 | 82.5 | 72 | 99 | 64 | 181 | 23.8 | 42.8 | 6.7 | 5.5 | 26.3 | ||||||
| 25 | 62.3 | 107.8 | 66.7 | 88 | 102 | 65 | 267 | 19.6 | 39 | 5.7 | 4.6 | 26.3 | ||||||
| 55 | 62.3 | 160.1 | 93 | 60 | 114 | 76 | 384 | 29.1 | 40.2 | 6.2 | 5 | 32.6 | ||||||
| 27 | 59.6 | 127.1 | 82.6 | 72 | 94 | 58 | 98 | 25.2 | 36.2 | 5.5 | 4.8 | 29.2 | ||||||
| 29 | 63.6 | 123.1 | 75.4 | 68 | 101 | 66 | 62 | 21.4 | 43.2 | 6 | 4.9 | 26.4 | ||||||
| 25 | 59.8 | 111.7 | 73.6 | 80 | 108 | 61 | 126 | 22 | 38.7 | 5.7 | 5.1 | 27.9 | ||||||
| 12 | 63.3 | 156.3 | 81.4 | 64 | 104 | 41 | 89 | 27.5 | 41 | 6.8 | 5.5 | 33 | ||||||
| 41 | 67.9 | 218.8 | 99.4 | 68 | 123 | 72 | 531 | 33.5 | 43.8 | 7.8 | 5.8 | 38.6 | ||||||
| 32 | 61.4 | 110.2 | 67.7 | 68 | 93 | 61 | 130 | 20.6 | 37.3 | 6.3 | 5 | 26.5 | ||||||
| 31 | 66.7 | 188.3 | 100.7 | 80 | 89 | 56 | 175 | 29.9 | 42.3 | 6.6 | 5.2 | 34.4 | ||||||
| 19 | 64.8 | 105.4 | 72.9 | 76 | 112 | 62 | 44 | 17.7 | 39.1 | 5.7 | 4.8 | 23.7 | ||||||
| 19 | 63.1 | 136.1 | 85 | 68 | 107 | 48 | 8 | 24 | 40.3 | 6.6 | 5.1 | 28.4 | ||||||
| 23 | 66.7 | 182.4 | 85.7 | 72 | 116 | 62 | 112 | 28.9 | 48.6 | 7.2 | 5.6 | 34 | ||||||
| 40 | 66.8 | 238.4 | 126 | 96 | 181 | 102 | 462 | 37.7 | 33.2 | 7 | 5.4 | 35.2 | ||||||
| 23 | 64.7 | 108.8 | 74.5 | 72 | 98 | 61 | 62 | 18.3 | 43.4 | 6.2 | 5.2 | 24.7 | ||||||
| 27 | 65.1 | 119 | 74.5 | 68 | 100 | 53 | 98 | 19.8 | 41.5 | 6.3 | 5.3 | 27 | ||||||
| 45 | 61.9 | 161.9 | 94 | 72 | 127 | 74 | 447 | 29.8 | 40 | 6.8 | 5 | 35 | ||||||
| 41 | 64.3 | 174.1 | 92.8 | 64 | 107 | 67 | 125 | 29.7 | 38.2 | 6.8 | 4.7 | 33.1 | ||||||
| 56 | 63.4 | 181.2 | 105.5 | 80 | 116 | 71 | 318 | 31.7 | 38.2 | 6.9 | 5.4 | 39.6 | ||||||
| 22 | 60.7 | 124.3 | 75.5 | 64 | 97 | 64 | 325 | 23.8 | 38.2 | 5.9 | 5 | 27 | ||||||
| 57 | 63.4 | 255.9 | 126.5 | 80 | 155 | 85 | 600 | 44.9 | 41 | 8 | 5.6 | 43.8 | ||||||
| 24 | 62.6 | 106.7 | 70 | 76 | 106 | 59 | 237 | 19.2 | 38.1 | 6.1 | 5 | 23.6 | ||||||
| 37 | 60.6 | 149.9 | 98 | 76 | 110 | 70 | 173 | 28.7 | 38 | 7 | 5.1 | 34.3 | ||||||
| 59 | 63.5 | 163.1 | 104.7 | 76 | 105 | 69 | 309 | 28.5 | 36 | 6.7 | 5.1 | 34.4 | ||||||
| 40 | 58.6 | 94.3 | 67.8 | 80 | 118 | 82 | 94 | 19.3 | 32.1 | 5.4 | 4.2 | 23.3 | ||||||
| 45 | 60.2 | 159.7 | 99.3 | 104 | 133 | 83 | 280 | 31 | 31.1 | 6.4 | 5.2 | 35.6 | ||||||
| 52 | 67.6 | 162.8 | 91.1 | 88 | 113 | 75 | 254 | 25.1 | 39.4 | 7.1 | 5.3 | 31.8 | ||||||
| 31 | 63.4 | 130 | 74.5 | 60 | 113 | 66 | 123 | 22.8 | 40.2 | 5.9 | 5.1 | 27 | ||||||
| 32 | 64.1 | 179.9 | 95.5 | 76 | 107 | 67 | 596 | 30.9 | 39.2 | 6.2 | 5 | 32.8 | ||||||
| 23 | 62.7 | 147.8 | 79.5 | 72 | 95 | 59 | 301 | 26.5 | 39 | 6.3 | 4.9 | 31 | ||||||
| 23 | 61.3 | 112.9 | 69.1 | 72 | 108 | 72 | 223 | 21.2 | 36.6 | 5.9 | 4.7 | 27 | ||||||
| 47 | 58.2 | 195.6 | 105.5 | 88 | 114 | 79 | 293 | 40.6 | 27 | 7.5 | 5.5 | 41.2 | ||||||
| 36 | 63.2 | 124.2 | 78.8 | 80 | 104 | 73 | 146 | 21.9 | 38.5 | 5.6 | 4.7 | 25.5 | ||||||
| 34 | 60.5 | 135 | 85.7 | 60 | 125 | 73 | 149 | 26 | 39.9 | 6.4 | 5.2 | 30.9 | ||||||
| 37 | 65 | 141.4 | 92.8 | 72 | 124 | 85 | 149 | 23.5 | 37.5 | 6.1 | 4.8 | 27.9 | ||||||
| 18 | 61.8 | 123.9 | 72.7 | 88 | 92 | 46 | 920 | 22.8 | 39.7 | 5.8 | 5 | 26.5 | ||||||
| 29 | 68 | 135.5 | 75.9 | 88 | 119 | 81 | 271 | 20.7 | 39 | 6.3 | 4.9 | 27.8 | ||||||
| 48 | 67 | 130.4 | 68.6 | 124 | 93 | 64 | 207 | 20.5 | 41.6 | 6 | 5.3 | 23 | ||||||
| 16 | 57 | 100.7 | 68.7 | 64 | 106 | 64 | 2 | 21.9 | 33.8 | 5.6 | 4.6 | 26.4 | ||||||
In: Statistics and Probability
In: Advanced Math
Consider the following tables:
a. CPR Assuming
| month | 100% PSA | 70% PSA |
320% PSA |
| 1 | |||
| 4 | |||
| 27 | |||
| 40 |
b. SMM Assuming
| Month | 100% PSa | 70% PSA | 320% PSA |
| 1 | |||
| 4 | |||
| 27 | |||
| 40 |
Complete the tables.
In: Finance
Assume that you manage a risky portfolio with an expected rate of return of 17% and a standard deviation of 27%. The T-bill rate is 7%. Your client chooses to invest 70% of a portfolio in your fund and 30% in a T-bill money market fund.
QUESTION 12 What is the Sharpe ratio of your risky portfolio? A. 27% B. 37% C. 19.32% D. 62.9% E. 17.58% 4 points
QUESTION 13 What is the Sharpe ratio of your overall portfolio? A. 37% B. 27% C. 12.25 D. 10.67 E. 70%
In: Finance
Having an issue with question C. My answer continues to be incorrect. Thank you.
McGriff Dog Food
Company normally takes 27 days to pay for average daily credit
purchases of $9,460. Its average daily sales are $10,700, and it
collects accounts in 27 days.
a. What is its net credit position?
b-1. If the firm extends its average payment period from 27 days to 38 days (and all else remains the same), what is the firm's new net credit position? (Negative amount should be indicated by a minus sign.)
In: Finance
def warmer_year(temps_then: List[int], temps_now: List[int])
-> List[str]:
"""Return a list of strings representing whether this year's
temperatures from temps_now are warmer than past temperatures
in temps_then. The resulting list should contain "Warmer" at
the
indexes where this year's temperature is warmer, and "Not
Warmer"
at the indexes where the past year was warmer, or there is a
tie.
Precondition: len(temps_then) == len(temps_now)
>>> warmer_year([10], [11])
['Warmer']
>>> warmer_year([26, 27, 27, 28], [25, 28, 27, 30])
['Not Warmer', 'Warmer', 'Not Warmer', 'Warmer']
"""
## complete the function here
In: Computer Science
Following are the ages of the winners of men’s Wimbledon tennis championship from 1968 to 2010.
|
29 |
30 |
26 |
27 |
25 |
27 |
21 |
31 |
20 |
21 |
22 |
|
23 |
24 |
22 |
29 |
24 |
25 |
17 |
18 |
22 |
22 |
21 |
|
24 |
22 |
22 |
21 |
22 |
23 |
26 |
25 |
26 |
27 |
28 |
|
31 |
21 |
21 |
22 |
23 |
24 |
25 |
22 |
27 |
24 |
In: Statistics and Probability
Suppose that you are responsible for running the Facebook page of a local company that you are working for. The following metrics summarize the account information for the past month:
Total number of likes on the posts = 150
Total number of comments on the posts = 100
Total number of shares of the posts = 20
Total number of posts you made = 10
Total number of followers of the page = 1000
Answer the next four questions based on the information provided
What is the amplification rate?
| A. |
15 |
|
| B. |
10 |
|
| C. |
27% |
|
| D. |
15% |
|
| E. |
2 |
What is the applause rate?
| A. |
15 |
|
| B. |
10 |
|
| C. |
2 |
|
| D. |
27% |
|
| E. |
15% |
What is the engagement rate?
| A. |
10 |
|
| B. |
2 |
|
| C. |
15 |
|
| D. |
15% |
|
| E. |
27% |
What is the conversion rate?
| A. |
2 |
|
| B. |
15% |
|
| C. |
10 |
|
| D. |
15 |
|
| E. |
27% |
In: Operations Management