The Chocolate Ice Cream Company and the Vanilla Ice Cream Company have agreed to merge and form Fudge Swirl Consolidated. Both companies are exactly alike except that they are located in different towns. The end-of-period value of each firm is determined by the weather, as shown below. There will be no synergy to the merger.
| State | Probability | Value | ||||
| Rainy | .1 | $ | 280,000 | |||
| Warm | .4 | 460,000 | ||||
| Hot | .5 | 920,000 | ||||
The weather conditions in each town are independent of those in
the other. Furthermore, each company has an outstanding debt claim
of $460,000. Assume that no premiums are paid in the merger.
a. What are the possible values of the combined company?
(Do not round intermediate
calculations.)
| Possible states | Joint Value | ||
| Rain-Rain | $ | ||
| Rain-Warm | |||
| Rain-Hot | |||
| Warm-Warm | |||
| Warm-Hot | |||
| Hot-Hot | |||
b. What are the possible values of
end-of-period debt and stock after the merger? (Leave no
cells blank - be certain to enter "0" wherever required. Do not
round intermediate calculations.)
| Debt Value | Stock Value | ||||
| Rain-Rain | $ | $ | |||
| Rain-Warm | |||||
| Rain-Hot | |||||
| Warm-Warm | |||||
| Warm-Hot | |||||
| Hot-Hot | |||||
c. How much do stockholders and bondholders
each gain or lose if the merger is undertaken? (A negative
answer should be indicated by a minus sign. Do not round
intermediate calculations.)
| Bondholder gain/loss | $ | ||
| Stockholder gain/loss | $ | ||
In: Finance
Before you go into your boss’s office (the COO) for a meeting, you hear him berating the CFO about a local building project your company is currently pursuing.
CFO: “But, Todd, according to the latest projections from the university next year, they anticipate a 22 percent decrease in enrollment. These are the very students we were targeting this complex for. This could result in an estimated loss of revenues of nearly 30 percent!”
COO: “Alex, I’m sick of this discussion. According to your numbers, we’ve already spent $200,000 on the foundation and pipe laying for the utilities to that apartment complex. You’re wanting us to abandon all the money we’ve spent on this project?”
For the meeting, you are holding in your hand the projections you’ve just finished in order to give to the two officers in the C-suite. It shows the following:
Estimated population growth of community over the next 5 years = -1.4 percent
Estimated revenues from decreased enrollment projections = $77,000
Estimated variable costs from operating complex when opened = $90,000
Analysis of community trends: small-town atmosphere, mostly retired homeowners; not expecting growth in middle-class due to COVID-19 effects; college population decreasing
Confidence in above estimates= 88 percent
Upon going into the office, the two men look at you quizzically. The COO looks at you and asks your advice. What do you tell him?
In: Economics
The Dove Spa was a massage parlor, which the police suspected was operating as a prostitution enterprise, but they had no direct evidence to prove it. The police department decided to initiate an undercover operation in which a plainclothes detective entered and asked for the services of one of the women working there. The woman, of course, did not know he was a police officer, or was wearing a hidden microphone. For $100 and a $35 tip, she fondled the officer’s genitals. The same officer went back to the massage parlor four more times. Over a period of five months, the same officer also visited the massage parlor in another town and allowed the women, who were Chinese immigrants, to fondle him in exchange for cash. This was done in an apparent effort to investigate suspected prostitution and human trafficking. Ultimately, 30 police officers raided two businesses and arrested six people—four alleged prostitutes and two alleged pimps. The undercover methods were defended by the police, but were criticized by legal experts and women’s advocates as “excessive, unnecessary, and misapplied” to an investigation that involved suspected human trafficking.
Evaluate the moral permissibility of police officer’s actions in conducting this investigation using the critical thinking skills listed below:
-Isolate and evaluate the relevant facts on both sides
, -Identify the precise moral question to be answered, and
- Apply ethical principles to the moral question based on an objective evaluation of the facts, only then drawing a conclusion.
In: Psychology
Answer A through D, please!
Currently Sam and Carla have the only taxi services in a small town. Both Sam and Carla are thinking about discounting their respective fares by 20% to attract more business.
The possible outcomes of this game are as follows.
First: Sam offers discounts, while Carla does not, which will result in Sam earning $800 in profit and Carla earning $300 in profit.
Second: Sam and Carla both offer discounts, which will result in Sam earning $200 in profit and Carla earning $500 in profit.
Third: Sam and Carla both do not offer discounts, which will result in Sam earning $600 in profit and Carla earning $700 in profit.
Fourth: Carla offers discounts, while Sam does not, which will result in Sam earning $100 in profit and Carla earning $1,000 in profit.
a) Please construct a payoff matrix for Sam and Carla uses the outcomes above. (You can use the Table Function in Word to create a payoff matrix.)
b) Does Sam have a dominant (optimal) strategy? Please explain your answer.
c) Does Carla have a dominant (optimal) strategy? Please explain your answer.
d) Is there an equilibrium (Nash Equilibrium) solution to this problem where we can predict the strategy of both Sam and Carla? Please explain your reasoning.
In: Economics
Read through the examples below and identify the positive, negative, or cognitive symptoms of schizophrenia. Choose any 3 to answer. You must explain whether it is a positive/negative/cognitive symptoms and WHY it is positive/negative/cognitive. Elaborate on the type of symptom.
2. Alice does not smile or frown. It does not matter whether she hears a joke or receives bad news. In fact, it seems as if she has no feelings. Sometimes she will sit or stand in the same position for hours and hours and hours without shifting or moving in the slightest.
3. Thomas believes he is Jesus and so goes into the middle of downtown and stands on the town square and starts preaching out loud to the people passing by. He claims that he can cure the sick and help the disabled walk again. If he sees someone drinking he tells them they are going to hell and should come forward and ask for total forgiveness of their sins, which he alone can grant. He is unkempt, wearing multiple layers of clothes no matter the weather. When arrested for disturbing the peace, Thomas yells.
4. Priya receives a lot of junk mail from various organizations asking her to donate money. She believes that the mail is from the IRS and that the government is trying to get information and money from her. She is afraid that co-workers have injected her with something to keep her from telling the government the company secrets.
In: Psychology
According to a recent study annual per capita consumption of milk in the United States is 22.6 gallons. Being from the Midwest, you believe milk consumption is higher there and wish to test your hypothesis. A sample of 14 individuals from the Midwestern town of Webster City was selected and then each person's milk consumption was entered into the Microsoft Excel Online file below. Use the data to set up your spreadsheet and test your hypothesis.
| Gallons of Milk |
| 28.3 |
| 23.84 |
| 25.25 |
| 21 |
| 17.52 |
| 19.61 |
| 19.83 |
| 26.18 |
| 34.97 |
| 30.1 |
| 28.59 |
| 20.57 |
| 26.94 |
| 27.24 |
Open spreadsheet
Develop a hypothesis test that can be used to determine whether the mean annual consumption in Webster City is higher than the national mean.
H0: ? _________> 22.6≥ 22.6= 22.6≤ 22.6< 22.6≠ 22.6
Ha: ? _________> 22.6≥ 22.6= 22.6≤ 22.6< 22.6≠ 22.6
(2 decimals) ______
Calculate the value of the test statistic (2 decimals).
_______
The p-value is (4 decimals)
Reject the null hypothesis?
_____NoYes
What is your conclusion?
_________There is insufficient evidence to conclude that the population mean consumption of milk in Webster City is greater than the hypothesized mean.Conclude the population mean consumption of milk in Webster City is greater than the hypothesized mean.
In: Math
3. Consider the following situation and answer the subsequent questions to the best of your engineering ability and judgment. a. There are two Schultz Creek watersheds, East and West. The East drains into unincorporated communities east of Flagstaff, and the West drains into the City of Flagstaff itself. The key point about ‘unincorporated’ is that this means these residents did not live in a city or town, and for some infrastructure aspects like storm drainage, there were no requirements or regulations. Prior to 2010 both of these watersheds were heavily forested and due to almost a hundred years of fire suppression instead of fire management, both watersheds had accumulated thick, water-absorbing masses of pine needles and decomposed pine needles on the forest floor. This prevented the watersheds from ‘delivering’ runoff to its streams in normal years because all of the precipitation was stored in the pine needle layers, sometimes referred to as ‘duff’. Only in heavy snow and rain years, about once every 5-7 years, would the streams flow, instead of every one or two years. i. The East Schultz Creek Watershed is approximately 14 square miles in area. The West is about 6 square miles in area. Assume that the following hydrologic soil group percentages hold for both watersheds prior to 2010: 5% HSG D, 8% HSG C, 15% HSG B, and the rest is HSG A, due to the extensive duff in the watershed.
In: Civil Engineering
Wendy O"neil (SSN 412-34-5670), who is single, work full time as the director at a local charity. She resides at 1501 Front St Highland, AZ 85711 for the year. she had the following on her w2
wages 46200
federal withholding 6930
social security wages 46200
social security withholding 2864
medicare withholding 670
state withholding 2310
other information
1099-int 300
1099 div ordinary 400
qualified 400
itemized
state income 2310
state income tax paid with the 2016 return 100
real estate tax 2600
mortgage interest 8060
Wendy inherited a beach house in north carolina (rental only) on 1/02/2017 from her father, The FMV at the father death was 850000. He had purchase the house 20years earlier for 100000.
summer rental income 450000
repairs 25000
real estate taxes 6500
utilities 2400
depreciation ????
on december 29,2017 wendy properly conducted a like kind exchange for rent real estate located at 128 lake blvd hot town, AZ/
she receive rental property with an FMV of 950000 and 20000 cash in exchange for the north carolina beach house. The arizona property did not produce any income until 2018. Prepare form 1040 schedule D, Schedule E form 4562, and 8824.
In: Accounting
Roberta and Clarence are members of the same taskforce at work. At the beginning, the two didn’t get along well, so they avoided contact. Other members of the group have begun to notice, and recently, communication between all taskforce members came to a standstill. The taskforce has become ineffective in completing its assigned tasks as a result. This is an example of what type of conflict?
| a. |
Dysfunctional conflict |
|
| b. |
Functional conflict |
|
| c. |
Personalized conflict |
|
| d. |
Substantive conflict |
A group meets regularly at R.Q.M Manufacturing to review product quality issues. Members of the production line are arguing with members of the design team, shifting blame on quality issues from one to the other. The group leader attempts to identify possible issues on both sides. In the end, the group works together to identify problems and solutions. This is an example of which conflict-resolution style?
| a. |
Compromise |
|||||||||||||
| b. |
Accommodate |
|||||||||||||
| c. |
Compete |
|||||||||||||
|
d. |
Collaborate Wendel and his colleague Jeff are preparing to go on a lunch break. Wendel really wants fast food so he can eat quickly and get back to work to meet a project deadline, but Jeff wants to have a leisurely lunch at the grill across town. Wendel decides to accommodate Jeff’s wishes, hoping that down the road someday, Jeff will accommodate his wishes. This is an example of which conflict-resolution style?
|
In: Operations Management
If you’re like some college students, you are always worried
about having enough money. Suppose that you decide to become an
Uber driver, and you offer rides to students on weekends. For a
fee, you will drive them to parties and pick them up at the end of
the night. Your marginal cost per ride is $10. To keep things
simple, assume you are the only person in your town providing this
service; that is, you’re a monopolist. On any given weekend, there
are six customers who want a ride—three men and three women. The
table below shows the most each person is willing to pay for a
ride.
| Customer | Maximum willingness to pay |
| John | 70 |
| Mary | 60 |
| Peter | 50 |
| Kristine | 40 |
| Paul | 30 |
| Samantha | 20 |
Part 1) If you could charge only a single price, you would earn $------ in profit.
Part 2) Suppose you could charge men and women different prices. The tables below show each group's demand.
| Customer | Maximum willingness to pay |
| John | $70 |
| Peter | 50 |
| Paul | 30 |
| Customer | Maximum willingness to pay |
|---|---|
| Mary | $60 |
| Kristine | 40 |
| Samantha | 20 |
If you charge men one price and women another price, you would earn $------ in profit.
Part 3 : How much profit would you earn if you practice perfect price discrimination? $ -------
In: Economics