Consider the following case of Lost Pigeon Aviation
Suppose Lost Pigeon Aviation is considering a project that will require $300,000 in assets.
The project is expected to produce earnings before interest and taxes (EBIT) of $60,000.
Common equity outstanding will be 25,000 shares.
The company incurs a tax rate of 40%.
If the project is financed using 10 Pigeon Aviation's return on equity (ROE) on the project equity capital, then will be _______ .In addition, Lost Pigeon's earnings per share (EPS) will be _______ .
Alternatively, Lost Pigeon Aviation's CFO is also considering financing the project with 50% debt and 50% equity capital. The interest rate on the company's debt will be 13%. Because the company will finance only 50% of the project with equity, it will have only 12,500 shares outstanding. Lost Pigeon Aviation's ROE and the company's EPS will be if management decides to finance the project with 50% debt and 50% equity.
As a firm uses more debt in Its capital structure, lenders will usually _______ the interest rate charged.
In: Finance
Demonstration 1: Producing a One-Sample T Test In this chapter, we discussed methods of testing differences in means between a sample and a population value. SPSS includes a One-Sample T Test procedure to do this test. SPSS does not compute the test with the Z statistic; instead, it uses the t statistic to test for all mean differences. The One-Sample T Test procedure can be found under the Analyze menu choice, then under Compare Means, where it is labeled One-Sample T Test. The opening dialog box (Figure 8.6) requires that you place at least one variable in the Test Variable(s) box. Then a test value must be specified. We’ll use the GSS2014-B data set for this demonstration. The standard workweek is thought to be 40 hours, so let’s test to see whether American adults work that many hours each week. In this example, place HRS1 in the Test Variable(s) box and “40” in the Test Value box. Then click on OK to run the procedure. The output from the One-Sample T Test procedure is not very extensive (see Figure 8.7). A total of 895 people answered the question about number of hours worked per week. The mean number of hours worked is 41.47, with a standard deviation of 15.039. Below this, SPSS lists the test value, 40. It includes the two-tailed significance, or probability, for the one-sample test. This value is .004, given the calculated t statistic of 2.918, with 894 degrees of freedom. Thus, at the .01 significance level, we would reject the null hypothesis and conclude that American adults work more than 40 hours per week. SPSS also supplies a 95% confidence interval for the mean difference between the test value and the sample mean. Here, the confidence interval runs from 0.48 to 2.45, providing estimates of how much more than 40 hours per week Americans work.
In: Statistics and Probability
Roberto and Reagan are both 25-percent owner/managers for Bright Light Incorporated. Roberto runs the retail store in Sacramento, California, and Reagan runs the retail store in San Francisco, California. Bright Light Incorporated generated a $126,400 profit companywide made up of a $75,400 profit from the Sacramento store, a ($26,000) loss from the San Francisco store, and a combined $77,000 profit from the remaining stores. If Bright Light Incorporated is an S corporation, how much income will be allocated to Roberto?
In: Accounting
In a park: a 75 kg bicyclist rides 5.8 m/s north; a 24 kg dog runs 3 m/s east chasing a 3.3 kg squirrel running 2.6 m/s the same way; 200 kg park bench remains stationary; and a 43 kg child runs 1 m/s 45◦ south of east. What is the magnitude of the total momenta of this park system?
Report the value in kg*m/s rounded to the nearest whole number.
In: Physics
A rabbit runs in a straight line with a velocity of +1.4 m/s for a period of time, rests for 11 s, and then runs again along the same line at +0.67 m/s for an unknown amount of time. The rabbit travels a total distance of 1224 m, and its average speed is 0.84 m/s.
(a) What is the total time the rabbit spends running at 1.4
m/s?
______________________s
(b) How long does it spend running at 0.67 m/s?
____________________s
In: Physics
A population contains nine million 0s and seven million 1s. What is the sampling distribution of the sample mean when the sample size is n=5?
Let X be the number of 1s. Complete the chart below.
|
X |
P(X) |
x |
|
0 |
nothing |
nothing |
|
1 |
nothing |
nothing |
|
2 |
nothing |
nothing |
|
3 |
nothing |
nothing |
|
4 |
nothing |
nothing |
|
5 |
nothing |
nothing |
(Round to three decimal places as needed.)
In: Economics
1) [7] At a local high school, the wrestlers and the girls’ lacrosse team had a healthy rivalry, each team claiming they were the best athletes in the school. The girls’ lacrosse team challenged the wrestlers to a free throw contest as the first competition to show their dominance. A random sample of athletes from each team shot ten free throws each. The number of made shots is listed below. Assume the populations are normally distributed. Wrestlers: 4 6 3 7 5 6 8 5 7 4 3 Lacrosse Players: 7 4 7 5 6 8 4 6 7 8 5 4 5 a) Find the sample mean and sample standard deviation for each team. Use Excel to find them. Round each to one decimal place and list the answers in the blanks below with the correct variables. Wrestlers: __________________________ Lacrosse Players: ___________________________ b) Conduct a seven step hypothesis test to determine if there is any difference of the population means for the two groups of athletes with level of significance of 0.05. Assume population variances are equal and that the populations are normally distributed.
In: Statistics and Probability
The company has been making efforts to increase the skills of its workers and they have been funding training programs for employees. Five years ago, only 8% of the workforce had C TRAINING LEVEL, the most advanced training level.
They will use this sample to determine if there is significant evidence that their efforts have led to an increase in the proportion of employees with C TRAINING LEVEL. Use significant level alpha=5% to conduct the appropriate hypothesis test and enter your results and conclusion below.
| Test Statistic | ( Use 3 decimals) | |
| P Value | ( Use 3 decimals) | |
| Conclusion : (Enter letter of your choice) |
Select a conclusion and enter the corresponding letter of your choice on the answer field :
| Employee Number1 | Annual Salary | Gender | Age (years) | Experience (years) | Training Level |
| 1 | $ 32,368 | F | 42 | 3 | B |
| 2 | $ 53,174 | M | 54 | 10 | B |
| 3 | $ 52,722 | M | 47 | 10 | A |
| 4 | $ 53,423 | M | 47 | 1 | B |
| 5 | $ 50,602 | M | 44 | 5 | B |
| 6 | $ 49,033 | M | 42 | 10 | A |
| 7 | $ 24,395 | M | 30 | 5 | A |
| 8 | $ 24,395 | F | 52 | 6 | A |
| 9 | $ 43,124 | M | 48 | 8 | A |
| 10 | $ 23,975 | F | 58 | 4 | A |
| 11 | $ 53,174 | M | 46 | 4 | C |
| 12 | $ 58,515 | M | 36 | 8 | C |
| 13 | $ 56,294 | M | 49 | 10 | B |
| 14 | $ 49,033 | F | 55 | 10 | B |
| 15 | $ 44,884 | M | 41 | 1 | A |
| 16 | $ 53,429 | F | 52 | 5 | B |
| 17 | $ 46,574 | M | 57 | 8 | A |
| 18 | $ 58,968 | F | 61 | 10 | B |
| 19 | $ 53,174 | M | 50 | 5 | A |
| 20 | $ 53,627 | M | 47 | 10 | B |
| 21 | $ 49,033 | M | 54 | 5 | B |
| 22 | $ 54,981 | M | 47 | 7 | A |
| 23 | $ 62,530 | M | 50 | 10 | B |
| 24 | $ 27,525 | F | 38 | 3 | A |
| 25 | $ 24,395 | M | 31 | 5 | A |
| 26 | $ 56,884 | M | 47 | 10 | A |
| 27 | $ 52,111 | M | 56 | 5 | A |
| 28 | $ 44,183 | F | 38 | 5 | B |
| 29 | $ 24,967 | F | 55 | 6 | A |
| 30 | $ 35,423 | F | 47 | 4 | A |
| 31 | $ 41,188 | F | 35 | 2 | B |
| 32 | $ 27,525 | F | 35 | 3 | A |
| 33 | $ 35,018 | M | 39 | 1 | A |
| 34 | $ 44,183 | M | 41 | 2 | A |
| 35 | $ 35,423 | M | 44 | 1 | A |
| 36 | $ 49,033 | M | 53 | 8 | A |
| 37 | $ 40,741 | M | 47 | 2 | A |
| 38 | $ 49,033 | M | 42 | 10 | A |
| 39 | $ 56,294 | F | 44 | 6 | C |
| 40 | $ 47,180 | F | 45 | 5 | C |
| 41 | $ 46,574 | M | 56 | 8 | A |
| 42 | $ 52,722 | M | 38 | 8 | C |
| 43 | $ 51,237 | M | 58 | 2 | B |
| 44 | $ 53,627 | M | 52 | 8 | A |
| 45 | $ 53,174 | M | 54 | 10 | A |
| 46 | $ 56,294 | M | 49 | 10 | B |
| 47 | $ 49,033 | F | 53 | 10 | B |
| 48 | $ 49,033 | M | 43 | 9 | A |
| 49 | $ 55,549 | M | 35 | 8 | C |
| 50 | $ 51,237 | M | 56 | 1 | C |
| 51 | $ 35,200 | F | 38 | 1 | B |
| 52 | $ 50,175 | F | 42 | 5 | A |
| 53 | $ 24,352 | F | 35 | 1 | A |
| 54 | $ 27,525 | F | 40 | 3 | A |
| 55 | $ 29,606 | F | 34 | 4 | B |
| 56 | $ 24,352 | F | 35 | 1 | A |
| 57 | $ 47,180 | F | 45 | 5 | B |
| 58 | $ 49,033 | M | 54 | 10 | A |
| 59 | $ 53,174 | M | 47 | 10 | A |
| 60 | $ 53,429 | F | 45 | 7 | B |
| 61 | $ 53,627 | M | 47 | 10 | A |
| 62 | $ 26,491 | F | 46 | 7 | A |
| 63 | $ 42,961 | M | 36 | 3 | B |
| 64 | $ 53,174 | M | 45 | 5 | A |
| 65 | $ 36,292 | M | 46 | 0 | A |
| 66 | $ 37,292 | M | 47 | 1 | A |
| 67 | $ 41,188 | F | 34 | 3 | B |
| 68 | $ 57,242 | F | 45 | 7 | C |
| 69 | $ 53,429 | F | 44 | 6 | C |
| 70 | $ 53,174 | M | 50 | 10 | B |
| 71 | $ 44,138 | F | 38 | 2 | B |
In: Math
I want you to complete a SWOT Analysis on a company you are familiar with. Please provide me with at least two strengths, two weaknesses, two threats and two opportunities for the company you select. Let's see if your view of these companies match the common opinion out there in the marketplace. the book is understanding business 11th edition chapter 7
In: Accounting
Dr. Mark Destiny is a scientist who is interested in understanding the effects of a new sports drink formula called “Chasm” on the mean time it takes marathon runners to run from one end of Tempo City to the other and back. He hypothesizes that the new drink will help reduce the mean time it takes for the marathon runners to run this lap by a significant amount. He begins his study by randomly selecting 150 marathon runners from Tempo City. He then places the runners into 2 groups, 75 in Control and 75 in Chasm. The Control group receives 0.5 liters of water, waits 5 minutes and then runs across the city and back. This is defined as a city lap. The Chasm group receives the same amount of Chasm energy drink, waits 5 minutes, and then runs the same lap. The drink is flavorless and colorless so there is no distinction between the drinks from the runner perspective. Their times are recorded in minutes. Dr. Destiny records his results and runs an analysis to report back on Chasm.
In: Statistics and Probability