A candy manufacturer sells bags of chocolate treats that are supposed to be half dark chocolate and half milk chocolate. The CEO opens a bag of the chocolate treats and tells his factory supervisor that he thinks that the types of chocolate are not evenly split in the bag. The supervisor randomly selects several bags, examines 300 of the chocolates, and finds that 56% of the 300 chocolates he examined are dark chocolate.

Use Excel to test whether the true proportion of dark chocolates is different from 50%. Identify the p-value, rounding to three decimal places.

1. Complete Table 2 by calculating the expected deaths for Indiana (columns a and b) and Alaska (columns a and d) based on the standard population distribution of the US in 1992. The age-specific deaths are obtained from your calculations in Table 1.

Table 2

Column b will be taken directly from Table 1. Calculate the age-adjusted rates: Add the expected deaths for each state, i.e. columns (c) and (e). Divide the total expected deaths in each state by the total standard population of the US.

Calculate the age-adjusted rates: Add the expected deaths for each state, i.e. columns (c) and (e). Divide the total expected deaths in each state by the total standard population of the US.

7.           Calculate the age-adjusted death rate per 1000 for each state:    (5 points)

The TED talk by Katherine Kuchenbecker was extremely controversial and brought about different aspects of robots and AI that I had previously never thought of. Throughout her video, she focuses on Haptics, which refers to touch technology. As we are aware, this is one of the things that differentiates us from robots, thus the controversial debate begins. Should we give robots the power to feel and touch, just like humans do? I believe that there are both positive and negative outcomes that can erupt from doing such a thing. On the one hand it can be beneficial in some medical fields such as dentistry in which people would become more experienced and knowledgeable before they actually begin their job as a dentist as they would be able to detect cavities based on their feel through this innovative technology. Another example that I enjoyed learning about and thought that was great was when it comes to exhibit museums. There are many instances in which we are not allowed to touch a work of art or sculpture and it is very hard to imagine how if would make us feel. If this were to be achieved through this new technology without actually having to touch the sculpture itself, it could really change and challenge the way we see and experience art. However, although there might be some positive aspects to this technology, there are also disadvantages that come with it. I really believe that feel and touch are senses that differentiate us from robots and it is a difference that makes us special and unique. I think that giving up this privilege could bring about negative consequences within society and provide people with fake and false confidence. I think that if this technology develops, we have to be careful with the way we manage it and we should consider not completely giving up all of the things that make us unique and special such as the fact that we can touch and feel.

You need to choose Company ABC’s company vehicle. You have two options: Mercedes or Acura.

Once purchased, assume Company ABC keeps purchasing the same type of vehicle as soon as the useful life is over. John Smith (CEO) says both of these vehicles give him the same level of satisfaction and it all depends on the annualized cost of the car.

Mercedes:

Initial Costs = $100,000

Operating Expenses = $15,000 per year

Has a 4 year life, after which it will sell for $15,500

Acura:

Initial Costs = $85,000

Operating Expenses = $17,600 per year

Has a 3 year life, after which it will sell for $10,100

CCA Rate = 42%

Corporate Tax Rate = 43%

Required Rate of Return = 12%

QUESTION: Find the EAC's of these two vehicles? (Take in tax and CCA tax shield into consideration) Which vehicle do you recommend to Alex and why?

PLEASE SHOW CALCULATIONS AND STEP BY STEP WORK!!!

You need to choose Company ABC’s company vehicle. You have two options: Mercedes or Acura.

Once purchased, assume Company ABC keeps purchasing the same type of vehicle as soon as the useful life is over. John Smith (CEO) says both of these vehicles give him the same level of satisfaction and it all depends on the annualized cost of the car.

Mercedes:

Initial Costs = $100,000

Operating Expenses = $15,000 per year

Has a 4 year life, after which it will sell for $15,500

Acura:

Initial Costs = $85,000

Operating Expenses = $17,600 per year

Has a 3 year life, after which it will sell for $10,100

CCA Rate = 42%

Corporate Tax Rate = 43%

Required Rate of Return = 12%

QUESTION: Find the EAC's of these two vehicles? (Take in tax and CCA tax shield into consideration) Which vehicle do you recommend to Alex and why?

PLEASE SHOW CALCULATIONS AND STEP BY STEP WORK!!!

You are a CEO of a national restaurant chain. You are facing an investment proposal of building 20 new hotels across the country. Since hotel is a new business line for your company, the management finds Hilton Hotel corporation as one pure play company to assist the evaluation of this investment proposal. With the following information, what discount rate should you use to evaluate this investment proposal?

1 year government bond return: 0.85%

10 year government bond return: 2.41%

Expected market risk premium: 5%

Info on Hilton

Equity return: 6.20%

Equity beta: .76

Debt to value ratio: 14%

Marginal tax rate: 40%

Info on your company

Book value of long-term debt: $5,000,000

Book value of equity: $5,000,000

Share price: $15

Number of shares outstanding: 1,000,000

Debt rate premium above government bonds is 3%

Marginal tax rate: 40%

The before tax cost of debt is _______________%

You are a senior member of management for a development and construction company where the original two owners wish to retire and sell the business. Along with several experienced co-workers, you are considering a buyout of the business. As part of your due diligence, you have performed some analysis of the historical financial statements and determined the following:

·         Audited financial statements indicate a net book value of $4,500,000.

·         The owners recently had the tangible assets appraised and the fair value of assets is $2,000,000 higher than audited book value. Part of the difference results from the owners having acquired several development sites over a period of years that are recorded in the audited financial statements at original cost.

·         A guideline public company recent price to earnings multiple for a comparable public company times weighted average income results in a business value of $9,000,000.

·         Using a discounted cash flow approach with a five-year projection period and terminal value results in a business value of $10,000,000.

You and your co-workers have offered $9,500,000 for the company. The owners will be paid consultants for one year following the purchase of the business so that there will be no loss of key employees.  

The owners are motivated to sell but negotiations are at an impasse. The owners insist that they be paid $11,500,000 - $9,500,000 offered plus the $2,000,000 incremental fair value of assets over book value. How do you respond to the counter-offer of the owners? Explain briefly the reason if you accept or reject the offer

The coronavirus pandemic is a human tragedy, affecting hundreds of thousands of people globally. It is also
having a growing impact on the global value chain, hence the global economy. All serious companies around
the world have therefore found innovative ways of keeping business going nonetheless. One of such notable
companies is Ghana’s Kantanka Inc. The company has established a dedicated team to ensure a simple but well-
managed set of processes that maximize the health and safety of colleagues and customers. This team is led by
the CEO of the company. The focus of the team has been broken down into five distinct work streams:
 Employee management and wellbeing
 Financial stress-testing and contingency planning
 Supply chain monitoring
 Marketing and sales
 Any other business
Kantanka Inc. is a car manufacturing company originating from Ghana which produces low-end vehicles. The
company’s competitive advantage stems from its unconventional but effective and energy efficient technology
which is not found in most vehicles around the world. The dashboard and other interior parts of the vehicles are
made from wood, and the vehicles are powered by car batteries and solar energy.
Recently, they have added on aircrafts and mechanized farming technologies. The company is set to take the
African market by storm. The company decided in 2015 to enter Nigeria and Germany. With the backing of the
government of Ghana, negotiations with both countries succeeded as negotiators from Nigeria and Germany
were in natural sync with the Ghanaian lobbyist contracted.
Once the company has gone international, it was only natural that value chain activities of the company would
have to be rationalized to deal with the expansion, as well as all forms of risk with respect to exchange rate
fluctuations. Speaking of financials, in this coronavirus pandemic period, companies such as Kantanka Inc. that
entered into future contracts and used currency options as hedging instruments would have less to worry about
since excuses from business partners would almost be non-existent.
Recently in 2017, a company from Sậo Tome and Principé, called PreZi contacted Kantanka Inc. to obtain
permission to use its technology. As to whether to agree or not to the agreement is still under scrutiny by
Kantanka’s international expansion team.
a) Discuss five (5) ways the two negotiators can get along in order for their cultural backgrounds not to
affect the outcome of their bargaining process.
b) Explain three (3) financial risks Kantanka Inc would definitely encounter.
c) What five (5) benefits is Kantanka Inc likely to gain from entering the German market?

d) Explain five (5) problems Kantanka Inc’s international expansion team should anticipate before entering
the German market.
e) Explain the contractual strategy that would best characterize the Kantanka-PreZi agreement once agreed
to.

The coronavirus pandemic is a human tragedy, affecting hundreds of thousands of people globally. It is also
having a growing impact on the global value chain, hence the global economy. All serious companies around
the world have therefore found innovative ways of keeping business going nonetheless. One of such notable
companies is Ghana’s Kantanka Inc. The company has established a dedicated team to ensure a simple but well-
managed set of processes that maximize the health and safety of colleagues and customers. This team is led by
the CEO of the company. The focus of the team has been broken down into five distinct work streams:
 Employee management and wellbeing
 Financial stress-testing and contingency planning
 Supply chain monitoring
 Marketing and sales
 Any other business
Kantanka Inc. is a car manufacturing company originating from Ghana which produces low-end vehicles. The
company’s competitive advantage stems from its unconventional but effective and energy efficient technology
which is not found in most vehicles around the world. The dashboard and other interior parts of the vehicles are
made from wood, and the vehicles are powered by car batteries and solar energy.
Recently, they have added on aircrafts and mechanized farming technologies. The company is set to take the
African market by storm. The company decided in 2015 to enter Nigeria and Germany. With the backing of the
government of Ghana, negotiations with both countries succeeded as negotiators from Nigeria and Germany
were in natural sync with the Ghanaian lobbyist contracted.
Once the company has gone international, it was only natural that value chain activities of the company would
have to be rationalized to deal with the expansion, as well as all forms of risk with respect to exchange rate
fluctuations. Speaking of financials, in this coronavirus pandemic period, companies such as Kantanka Inc. that
entered into future contracts and used currency options as hedging instruments would have less to worry about
since excuses from business partners would almost be non-existent.
Recently in 2017, a company from Sậo Tome and Principé, called PreZi contacted Kantanka Inc. to obtain
permission to use its technology. As to whether to agree or not to the agreement is still under scrutiny by
Kantanka’s international expansion team.
a) Discuss five (5) ways the two negotiators can get along in order for their cultural backgrounds not to
affect the outcome of their bargaining process. [5 marks]
b) Explain three (3) financial risks Kantanka Inc would definitely encounter. [3 marks]
c) What five (5) benefits is Kantanka Inc likely to gain from entering the German market?
[5 marks]
d) Explain five (5) problems Kantanka Inc’s international expansion team should anticipate before entering
the German market. [5 marks]
e) Explain the contractual strategy that would best characterize the Kantanka-PreZi agreement once agreed
to. [2 marks]

What are the reasons for the appearance of US drug policies "softening" in the US?