NEED EXACT NUMBERS PLEASE and how to place into excel The National Sleep Foundation used a survey to determine whether hours of sleeping per night are independent of age (Newsweek, January 19, 2004). The following show the hours of sleep on weeknights for a sample of individuals age 49 and younger and for a sample of individuals age 50 and older. Hours of Sleep Age Fewer than 6 6 to 6.9 7 to 7.9 8 or more Total 49 or younger 39 58 76 67 240 50 or older 32 64 71 93 260 Conduct a test of independence to determine whether the hours of sleep on weeknights are independent of age. Use = .05. Use Table 12.4. Compute the value of the 2 test statistic (to 2 decimals). The p value is What is your conclusion? Using the total sample of 500, estimate the percentage of people who sleep less than 6, 6 to 6.9, 7 to 7.9, and 8 or more hours on weeknights (to 1 decimal). Less than 6 hours % 6 to 6.9 hours % 7 to 7.9 hours % 8 or more hours %

Problem 4.3 part 2

On October 5, 2015, you purchase a $10,000 T-note that matures on August 15, 2027. (Settlement occurs two dayws after purchase, so you receive actual ownership of the bond on October 7, 2015). The coupon rate on the T-note is 4.375% and the current price quoted on the bond is 105.250%. The last coupon payment occurred on May 15, 2015 (145 days before settlement) and the next coupon payment will be paid on November 15, 2015 (39 days from settlement).

A) Calculate the annual yield to maturity (based on the clean price) for the bond purchased on October 7, 2013, and maturing on August 15, 2024 (or in 10.8603 years).

B) Explain in an essay of at least one full paragraph exactly why the bond in this problem is selling at a premium (ignore the accrued interest). That is, explain exactly why investors would be willing to pay more than face value for this bond, and in your answer address the issue of how newly issued bonds compete with this bond, which is being sold in the secondary market as a previously issued bond.      

Answer questions 5-9 below using the information in this experimental description. Dr. Meyer wants to study the effect of Kava root on insomnia. She recruits 150 people who experience long term insomnia (more than 4 months experiencing insomnia) and divides them into two groups. One group of 75 individuals takes 125 mg of kavalactones one hour before bedtime. The other group of 75 individuals takes a placebo every day. For the duration of the study, the two groups follow two common guidelines: no added sugars or caffeine intake after 12pm and no screen time an hour before bedtime. Dr. Meyer follows the individuals during four weeks. She collects data on sleep patterns which include the number of hours slept each night and a scale of difficulty to fall asleep scored 1 to 5 (1 = feel asleep right away; 5 = more than one hour awake in bed).

5. 1pt. What is the independent variable?

6. 1pt. What is the dependent variable?

7. 1pt. What is the experimental group?

8. 1pt. Which is/are Dr. Meyer’s controlled variable(s)?

9. 1pt. Write a possible hypothesis for this experiment.

10. 1.5pts. Is the following statement a prediction or a theory? How do you know?

“If Vitamin C supplementation shortens the length of the common cold, then adults taking 1g of Vitamin C a day will recover from the common cold faster than adults who aren’t taking Vitamin C supplementation.”

Kushlani Plc is considering changing its capital structure. Currently Kushlani has Rs. 10 million in debt at 8% and its stock price is Rs. 40 per share with 1 million shares outstanding. Kushlani is a zero growth firm and pays out all of its earnings as dividends. EBIT is Rs. 14.933 million and tax rate is 35%. Market risk premium is 4% and risk free rate is 6%. Kushlani is considering increasing its debt in capital structure to 30%, 40% or 50% at the interest rate of 8.25%, 8.5% and 9% respectively. Unlevered beta of Kushlani is 1.2.

1. What are Kushlani’s new beta, cost of equity and WACC if it has 30%, 40% and 50% debt? Determine the optimal capital structure of the Kushlani?

2. Using a graph show the Cost of Equity of Kushlani at different level of debt and highlight the premium for business risk and financial risk?   

(Please provide detailed answer)

1. Fraud, Professional Ethics and Auditor Independence 

   a) When assessing a client’s integrity, the auditor will consider the client’s willingness to allow the auditor full access to information required to form an opinion and pay a fair amount for the work completed. Explain why.

   b) Mike is a very experienced auditor with unique expertise in the mining industry. As a result, Mike has been the lead audit partner for the audit at BKK Oil for the last seven years. Recently, Mike was approached by the board of BKK with an offer of employment as a director starting in two years’ time. The only condition was that the audit work (for the year ended 30 June 2020) must be finished in six weeks and the independent auditor’s report signed off before 15th August 2020, as the Annual General Meeting (AGM) has been scheduled for early September. Mike is aware that the audit of BKK normally takes at least nine weeks.

   i) Identify and explain TWO possible threats to audit independence.

   ii) Suggest appropriate actions and safeguards that could be put in place to reduce the threat to an acceptable level.

   c) Two months before the end of the financial year, Greenlight Resort terminated the contract of one of its senior sales managers. Her employment was terminated after it was discovered she had worked in collusion with several customers to commit fraud. This included giving special discounts on room rates and event services, and reducing customers’ period of stay and value of other services provided. The manager would then take direct payments from the customers. During the investigation process, it was discovered that the manager was the only one allowed to access the customer database and had authorisation to update prices. For more than two years, the manager had never taken any annual leave.

   i) Identify and explain TWO fraud risk factors.

   ii) Identify TWO key accounts that are potentially affected by the fraud. For each account, identify ONE key assertion that is at risk.

i) Authorisation by the shift supervisor of all overtime hours worked.

ii) Review of overtime payment records by the project manager.

Briefly explain the purpose of each of the above control procedures, and identify whether the procedure recommended is a ‘prevent’ or ‘detect’ control.

c) You are reviewing the test result in relation to accounts receivable at Ryan’s Tools as below:

i) Is the above test a test of controls or a substantive test of details? Explain your answer. What type of procedure did the auditor use?

ii) Determine the key assertion addressed by the test procedure. Suggest ONE alternative testing procedure that can be used to test the assertion identified.

iii) Explain why the conclusion reached is appropriate or inappropriate, and outline the key additional audit procedure that you believe needs to be performed.

You are Chief Financial Officer of the ABC Corporation. ABC has two divisions, one of which distributes alcohol, while the other manufactures bottles for brewers and beverage companies. The company is considering a capacity expansion project in the alcohol distribution division, and the Board of Directors has asked you to provide a financial analysis of the project.

• The project would require an initial investment of $100 million for a new distribution center. In addition, $20 million in additional working capital would need to be committed to the project. The working capital will be recovered at the end of the project life.

• The distribution center facilities would be depreciated on a straight-line basis over five years. At the end of five years, you estimate that the center will be sold for $20 million.

• The distribution center is expected to generate cash revenues of $85 million per year and cash operating costs of $50 million per year in each of the next five years.

• The corporate tax rate is 40%.

• The book value of ABC’s assets is $20 billion, while the book value of its outstanding debt is

  $5 billion. ABC’s equity has an estimated beta of 1.2.

• The expected return on the market portfolio is 15%, while the risk-free rate of return is 5%.

• ABC could issue new debt at a yield to maturity of 8%.

• Companies that operate purely in the bottle manufacturing industry have an average beta of 1.5 and an average debt-equity ratio (measured at market value) of one quarter.

• Companies that operate purely in the alcohol distribution industry have an average beta of 0.5 and an average debt-equity ratio (measured at market value) of two-thirds.

  Based on information above, you are to complete the project analysis to present the Board meeting that is scheduled tomorrow.

1. a) Calculate the weighted average cost of capital.

2. b) Calculate the free cash flow of each year for the expansion project.

3. c) What is the NPV for the project?

What is the significance of the slope. Use a significance level of 0.05

What is the coefficient of determination

LIFO Perpetual Inventory

The beginning inventory of merchandise at Rhodes Co. and data on purchases and sales for a three-month period ending June 30 are as follows:

Required:

1. Record the inventory, purchases, and cost of merchandise sold data in a perpetual inventory record similar to the one illustrated in Exhibit 4, using the last-in, first-out method. Under LIFO, if units are in inventory at two different costs, enter the units with the HIGHER unit cost first in the Cost of Merchandise Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column.

2. Determine the total sales, the total cost of merchandise sold, and the gross profit from sales for the period.

3. Determine the ending inventory cost on June 30.
$

The beginning inventory of merchandise at Rhodes Co. and data on purchases and sales for a three-month period ending June 30 are as follows:

Required:

1. Record the inventory, purchases, and cost of merchandise sold data in a perpetual inventory record similar to the one illustrated in Exhibit 4, using the last-in, first-out method. Under LIFO, if units are in inventory at two different costs, enter the units with the HIGHER unit cost first in the Cost of Merchandise Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column.

2. Determine the total sales, the total cost of merchandise sold, and the gross profit from sales for the period.

3. Determine the ending inventory cost on June 30.
$

Create a CodeBlocks project with a main.cpp file. Submit the main.cpp file in Canvas. C++ Language

A Game store sells many types of gaming consoles. The console brands are Xbox, Nintendo, PlayStation.

A console can have either 16 or 8 gigabytes of memory.

Use can choose the shipping method as either Regular (Cost it $5) or Expedite (Cost is $10)

The price list is given as follows:

Memory size/Brand Xbox Nintendo PlayStation

16 gigabytes 499.99 469.99 409.99

8 gigabytes 419.99 379.99 339.99

Determine the price of a given console dependent on the user inputs. The sales tax is 9.75% for each console.

Validation:

For the brand name, use input can be X for Xbox, N for Nintendo or P for PlayStation in upper letter case only.

For memory size user input can only be 8 or 16.

The input quantity should be 0 or positive, but must not exceed 20.

The shipping method can only be R or E.

If any user input is not correct, display an error message and skip all calculation.

Print the brand name and the quantity in the price calculation, for example with 16 gigabytes:

The item price for (2 x Xbox) is $999.98

All currency amounts should be displayed with 2 digits in decimal fraction.

There is No need to use a loop for repetition.

Here are several separate program sample runs.

Welcome to the Game store.

Enter the brand name of the game console (X for Xbox, N for Nintendo, P for PlayStation): X

Enter the memory size of the game console (8 or 16 gigabytes): 16

Enter quantity to buy: 2

The item price for (2 x Xbox) is $999.98

The sale tax is $ 97.50

Enter shipping method (R for Regular, E for Expedite): R

Shipping cost is $5.00

The total bill is $1102.48

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