Based in Winnipeg, Manitoba, Clearview Security Technologies Inc. (Clearview) was founded to provide security systems, facilities controls, and related services. Clearview established a solid reputation for quality and the business grew, thanks to strong relationships with large long-term customers in Canada and the United States. Clearview has experienced little competitive pressure in its core market and the company's offerings are standardized, enabled by significant technological and financial barriers to entry.

The Research and Innovation Group (RIG) is the development side of the company. Where Clearview's primary lines are standardized, the RIG is all over the map. Clearview uses this smaller division to provide contract software and consulting to a wide range of business types.

The RIG is considering a new contract that will strain resources for not only the RIG, but the entire company. The project involves new technology, a new customer, and a new geographic area. The director of operations has warned you that it will be substantially more risky than anything Clearview does in its core business. With an upfront cost of C$8.5 million, managers want to develop an understanding of expected financing costs. The director of finance explained that understanding cost of capital will be a key part of maintaining and improving Clearview's competitive edge. RIG managers have noticed competing bids for the contract and it is expected that margins will be pushed down.

You have been asked to calculate the company's weighted average cost of capital (WACC), based on the following information. Over the last five years the annual dividends on the firm's stock have grown at 6 percent per year and this growth is expected to continue indefinitely. A dividend of $1.25 was recently paid. Common shares trade at $45 with 250,000 outstanding and no preferred shares. The yield on long-term government bonds is currently 3 percent and you believe the appropriate expected market risk premium is 5 percent (the long-term average). The stock's beta is 1.05. Clearview also has 25-year bonds with $1,000 face value, 6.5-percent semi-annual coupons, and 20 years to maturity. The bonds trade at 94.5. The initial bond offering raised $15.5 million and initially sold at par. The firm's marginal tax rate is 27 percent.

1. The cost of equity and debt
   1. Calculate Clearview's cost of equity using the constant growth model approach and the CAPM approach. Take the arithmetic average of the two results.
   2. Determine Clearview's after-tax cost of debt. Solving for the cost of debt is best done with a financial calculator, although trial and error will also yield the correct result. The bond valuation formula is required in this approach, substituting values for kb until the bond value is determined. A third method for determining the cost of debt is an approximation formula: kb approx. = ((annual coupon + (face – price)) ÷ years remaining) ÷ ((face + price) ÷ 2). The trial and error737approach can be completed much faster if the approximation method is used first to narrow the trial and error range.
2. The weight of equity and debt
   1. Calculate the weights of equity and debt in Clearview's capital structure.
   2. Determine Clearview's WACC.
3. The company will use its current capital structure to set target weights for debt and equity, with flotation costs of 2 percent for long-term debt and 7.5 percent for equity. How much capital must Clearview raise in order to cover the project cost and all flotation charges?

Advanced Technology Ltd is considering the various benefits that may result from a shortening of its production cycle time by changing from the company’s present manual system to a computer-aided manufacturing design/computer-aided manufacturing (CAD/CAM) system. The annual cash expense of maintaining the current manual system is $300,000.

The annual cash expense of maintaining the new CAD/CAM system is estimated to be $180,000, with the initial investment of $445,000. The estimated life of the new CAD/CAM system for taxation purposes is 5 years with zero salvage value.

The taxation rate is 30% and Advanced Technology will use straight-line depreciation method for both accounting and tax purposes. Advanced Technology requires a minimum after-tax rate of return of 14 per cent.

Required:

1. Calculate the following:
   1. After-tax cash flow and after-tax profit.
   2. Payback period.
   3. Net present value.
   4. Internal rate of return.
   5. Accounting rate of return.
2. Beyond the above financial concerns, what other factors should the firm take into account when review this proposal?
3. Overall, should the investment go ahead and why?

A hamburger chain sells large hamburgers. When we take a sample of 40 hamburgers and weigh​ them, we find that the mean is 0.52 pounds and the standard deviation is 0.3 pound.

Technology Output N 40 Mean 0.52   STDEV. 0.3000 One-Sample T SE Mean 0.0474 95% CI ​(0.4241, 0.61590)

a. A technology input menu for calculating a confidence interval requires a sample​ size, a sample​ mean, and a sample standard deviation. State how you would fill in these numbers.

Sample Size: Answer ____ Sample Mean: Answer ____   Standard Deviation: Answer _____ (Type an integer or a decimal do not round)

b. Choose the correct interpretation of the confidence interval below and fill in the answer boxes to complete your choice. ​(Round to four decimal places as needed. Use ascending​ order.) Using the accompanying technology​ output, report the confidence interval in a carefully worded sentence.

A.We are​ 95% confident that the population mean is between Answer ___ and ___.

B.There is a​ 95% probability that the recorded sample mean is between Answer ___ and ___.

C.There is a​ 95% probability that the population mean is between Answer ___ and ___.

D.We are​ 95% confident that the recorded sample mean is between Answer ___ and ___.

You are approaching the end of your time supporting Sifers-Grayson. Your team leader has asked you to prepare a 2 page research and analysis brief ("briefing paper") for the company's executives in which you identify the five most important technologies which the company should adopt in order to improve its security posture.

Provide specific details as to why each technology is required (what is the vulnerability or weakness that the technology will address). Then, make a recommendation for how the company should implement that technology. You must provide specific, actionable information. Your recommendations must also be based upon recognized best practices. Include the following steps in your research and analysis as you select and evaluate technologies, products, and services that will help improve the company's security posture:

• Identify Candidate Technologies
• Research Products and Services which implement the technologies
• Identify Vendors
• Evaluate Products & Services (use existing market research)

Cite the sources of information used in your research and analysis (document where you obtained your information from). Use a professional citation format and provide a reference list at the end of your briefing paper.

The Mizkhan Museum recently deployed the Quuppa positioning system, powered by Bluetooth technology, to improve the interactive visitor experience and gain valuable information on visitor movement throughout the museum. The app-based solution that guides visitors through the museum from the moment they enter the facility, providing highaccuracy location information. Mizkan can use this information to analyse the pattern of visitor flow and gain insight into which exhibits are the most popular. Deployment of the Quuppa system took only a single day and has allowed Mizkan to create a wholly unique experience based on how visitors move throughout the museum. [[online] Available at: ] a) Discuss the prospect of using WiFi technology on indoor positioning instead of Bluetooth. Provide a comparative analysis. [10 marks] b) Draw a conceptual network diagram using Blutooth Technology and explain how the visitors would be tracked during their visit to the Museum. [5 marks] c) Both Wi-Fi and Bluetooth utilise the unlicensed 2.4 GHz ISM band, resulting in a potential for interference between the two. Discuss potential techniquies for the coexistence of Wi-Fi and Bluetooth. [1

1)

One reason that technological ideas do not seem to run into diminishing returns is because ______________.

Select the correct answer below:

technology advances more quickly than other factors of production

technology increases levels of employment throughout the economy

many workers across the economy can use a new technology or invention at very low marginal cost

all of the above

2)

A(n) _____________ production function describes a firm's, or perhaps an industry's, inputs and outputs.

Select the correct answer below:

macroeconomic

microeconomic

relative

minor

3)

Compared to several decades ago, the U.S. economy now has _______________.

Select the two correct answers below.

Select all that apply:

• near zero percent unemployment

• better-educated workers

• greater employment opportunities for individuals

• workers with access to better technologies

• 4)

• In the pattern of recessions and expansions in the economy, we call the highest point of the economy, before the recession begins, the ________.

  Select the correct answer below:

  maximum

  minimum

  peak

  trough

• 5)

• Suppose that nominal GDP increases to $30,000, and the GDP deflator increases to 108. What is real GDP? Round your answer to the nearest cent.

The Mizkhan Museum recently deployed the Quuppa positioning system, powered by Bluetooth technology, to improve the interactive visitor experience and gain valuable information on visitor movement throughout the museum. The app-based solution that guides visitors through the museum from the moment they enter the facility, providing highaccuracy location information. Mizkan can use this information to analyse the pattern of visitor flow and gain insight into which exhibits are the most popular.

Deployment of the Quuppa system took only a single day and has allowed Mizkan to create a wholly unique experience based on how visitors move throughout the museum. [[online] Available at: <https://www.bluetooth.com/blog/]> ]

1. Discuss the prospect of using WiFi technology on indoor positioning instead of

                                      Bluetooth. Provide a comparative analysis.                                                   [10 marks]

2. Draw a conceptual network diagram using Blutooth Technology and explain how the visitors would be tracked during their visit to the Museum.      [5 marks]

3. Both Wi-Fi and Bluetooth utilise the unlicensed 2.4 GHz ISM band, resulting in a potential for interference between the two. Discuss potential techniquies for the

                                      coexistence of Wi-Fi and Bluetooth.                                                              [10 marks]

Jones, Incorporated acquires 15% of Anderson Corporation on January 1, 2020, for $105,000 when the book value of Anderson was $600,000. During 2020 Anderson reported net income of $150,000 and paid dividends of $50,000. On January 1, 2021, Jones purchased an additional 25% of Anderson for $200,000. Any excess cost over book value is attributable to goodwill with an indefinite life. The fair-value method was used during 2020 but Jones has deemed it necessary to change to the equity method after the second purchase. During 2021 Anderson reported net income of $200,000, and reported dividends of $75,000.

The balance in the investment account at December 31, 2021, is

A. 480,000

B. 412,500

C. 400,000

D. 335,000

E. 355,000

ABC Corp. provides its employees with a defined benefit pension plan. The company's actuary has provided you with the following information as of December 31, 2020: PBO $ 1,200,000 Fair Value Plan Assets 1,650,000 Current Service Cost 480,000 Interest Cost 48,000 PSC amortization 120,000 Expected and actual return on assets 165,000 In the past, contributions made to the pension plan have been equal to the pension expense for the corresponding year. The company has not made any contribution in 2020. In the statement of financial position as of December 31, 2020, ABC must report

a. a net pension asset of $ 1,650,000

b. a net pension debt of $ 78,000

c. a net pension debt of $ 450,000

d. a net pension asset of $ 450,000