Assume the following sales data for a company:
| 2019 | $946000 |
| 2018 | 891100 |
| 2017 | 670000 |
If 2017 is the base year, what is the percentage increase in sales
from 2017 to 2018?
In: Accounting
Company projects the following sales for the first three months of the year: $14300 in January;$ 10100, in February;and $10,400 in March.
The company expects 60% of the sales to be cash and the remainder on account. Sales on account are collected in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar.
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Prepare a schedule of cash receipts for Armand
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2. |
Prepare a revised schedule of cash receipts if receipts from sales
on account are 60% in the month of the sale, 30% in the month following the sale, and 10% in the second month following the sale. What is the balance in Accounts Receivable on March 31? |
In: Accounting
Calculate how many barrels of oil to refine, for the 15th year, into gasoline. Use the following data and create a forecast model that will enable you to solve the problem, and then solve.
Given:
Period: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10
Demand: 1500, 2100, 1900, 2250, 2200, 3000, 2675, 3327, 3619, 3550
In: Statistics and Probability
Given the following income data from a representative sample of a population in a certain year, what is its Gini index?
| Person | Income | Person | Income | Person | Income |
| 1 | 30 | 6 | 400 | 11 | 1700 |
| 2 | 70 | 7 | 550 | 12 | 2000 |
| 3 | 140 | 8 | 1100 | 13 | 3000 |
| 4 | 210 | 9 | 1200 | 14 | 5000 |
| 5 | 300 | 10 | 1450 | 15 | 8000 |
| A. |
0.34 |
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| B. |
0.44 |
|
| C. |
0.57 |
|
| D. |
0.60 |
|
| E. |
0.76 |
In: Economics
Of all freshman at a large college, 16% made the dean’s list in the current year. As part of a class project, students randomly sample 40 students and check if those students made the list. They repeat this 1000 times and build a distribution of sample proportions.
1. What is this distribution called?
2. Would you expect the shape of this distribution to be symmetric, right skewed, or left skewed? Explain your reasoning.
3 Find/calculate a measure of the variability of this distribution. 4. What is the formal name of the value that you computed in (c)?
5. Use the information above to construct a 95% confidence interval and interpret it using a full sentence.
6. What is the margin of error in your confidence interval? (Be sure to show a calculation to support your response.)
7. Suppose the students decide to sample again, this time collecting 90 students per sample. They build a new distribution of sample proportions. How will the variability of the new distribution compare to the variability of the distribution when each sample contained 40 observations.
In: Statistics and Probability
- A stock expects to pay a year-end dividend of $2.50 a share (i.e., D1 = $2.50); assume that last year’s dividend has already been paid). The dividend is expected to decline 5 percent a year, forever (i.e., g = -5%). The company’s expected and required rate of return is 12 percent. What is the current market price per share of this stock?
- The expected rate of return on the common stock of Northwest Corporation is 10 percent. The stock’s dividend is expected to grow at a constant rate of 6 percent a year. The stock currently sells for $55 a share. What is the next expected dividend per share (i.e., D1) on this stock?
- A share of preferred stock pays a quarterly dividend of $1.50. If the price of this preferred stock is currently $40, what is the nominal annual rate of return?
- Harper Manufacturing has realized the following annual sales dollar amounts:
2016: $12,500,000
2017: $16,000,000
2018: $18,000,000
Calculate the arithmetic average annual growth rate in sales dollars that Harper Manufacturing realized during the 2016 through 2018 time-frame.
In: Finance
"What is the coupon rate of a 10-year, $1000 bond with coupons paid semiannually and a price of $700, if it has a yield to maturity of 10%? Note: Express your answers in strictly numerical terms. For example, if the answer is 5%, write enter 0.05 as an answer."
In: Finance
In: Economics
In: Finance
Last year, 46% of business owners gave a holiday gift to their employees. A survey of business owners indicated that 45% plan to provide a holiday gift to their employees. Suppose the survey results are based on a sample of 60 business owners.
| (a) | How many business owners in the survey plan to provide a holiday gift to their employees? |
| (b) | Suppose the business owners in the sample do as they plan. Compute the p value for a hypothesis test that can be used to determine if the proportion of business owners providing holiday gifts has decreased from last year. If required, round your answer to four decimal places. If your answer is zero, enter “0”. Do not round your intermediate calculations. |
| (c) | Using a 0.05 level of significance, would you conclude that the proportion of business owners providing gifts has decreased? |
| We - Select your answer -rejectfail to rejectItem 3 the null hypothesis. We - Select your answer -cancannotItem 4 conclude that the proportion of business owners providing gifts has decreased from 2008 to 2009. | |
| What is the smallest level of significance for which you could draw such a conclusion? If required, round your answer to four decimal places. If your answer is zero, enter “0”. Do not round your intermediate calculations. | |
| The smallest level of significance for which we could draw this conclusion is ; because p-value - Select your answer -less than or equal togreater thanItem 6 α=0.05, we - Select your answer -rejectfail to rejectItem 7 the null hypothesis. |
In: Statistics and Probability