Problem 7-14
Comprehensive Ratio Analysis

The Jimenez Corporation's forecasted 2016 financial statements follow, along with some industry average ratios.

Jimenez Corporation: Forecasted Balance Sheet as of December 31, 2016

Jimenez Corporation: Forecasted Income Statement for 2016

Calculate Jimenez's 2016 forecasted ratios, compare them with the industry average data, and comment briefly on Jimenez's projected strengths and weaknesses. Assume that there are no changes from the prior period to any of the operating balance sheet accounts. Round DSO to the nearest whole number. Round the other ratios to one decimal place. Do not round intermediate calculations.

Q10.   Which are the two important competitive strategies advocated by Micheal Porter?

a.            Low cost leadership, barrier to entry.

b.           New entrant deterrent, differentiation.

c.            Low cost leadership, differentiation.

d.           Differentiation, monopolistic.

e.            Monopolistic simulation, differentiation.

         Q11. Which of the following is NOT considered a relative valuation technique?

a.          Price-earnings ratio.

b.          Price/cash flow ratio.

c.          Price/book value ratio.

d.          Price/sales ratio.

e.          Price/cost of goods sold ratio.

Q12.   Based on Stock Amin's beta of 0.9, the normal return is 9%. However, the actual return for Stock Amin was 10%. What is Stock Amin's abnormal rate of return?

a.          1.0%

b.          0.1%

c.          0.1%

d.          1.0%

e.          1.1%

Q13.

An examination of the relationship between stock prices and the economy has shown that the relationship is

a.         weak, and that stock prices turn after the economy does.

b.        weak, and that stock prices turn before the economy does.

c.         strong, and that stock prices turn after the economy does.

d.        strong, and that stock prices turn before the economy does.

e.     Nonexistent.

Q14. If two well-known technical analysts seldom agree on the interpretation of a certain technical pattern, this implies:

a.      collusion between the two analysts.

b.     technical rules are too complex.

c.      technical rules are highly subjective.  

d.     not enough information has been gathered.

e.      all of the above.

Q15. What is the dividend payout ratio if the price per share is RM50, earning per share is RM20, and dividend per share is RM4.5?

a.         9 percent

b.        40 percent

c.         22.5 percent  

d.        25 percent

e.         none of the above

Q16.   Other things equal,

a.         the higher the expected growth rate, the lower the P/E ratio.

b.        if the risk-free rate rises, the required rate will decline.

c.         as the required rate rises, the P/E ratio declines.  

d.        if the risk premium rises, the required rate will fall.

e.         none of the above.

   Q17.   Which of the following is NOT considered a basic economic force?

a.         Fiscal policy.

b.        Monetary policy.

c.         Inflation.

d.        Price Earnings Ratio (P/E) ratio.  

e.         None of the above (that is, all are basic economic forces).

Q18. Which of the following behaviours is consistent with escalation bias?

a.       Buying more of a stock as it increases in value.

b.       Buying more of a stock as it decreases in value.

c.       Selling a stock as it decreases in value.

d.       Selling a stock as it increases in value.

e.       Buying or selling a stock as it increases in value.

Q19.    Which of the following would be inconsistent with an efficient market?

a.         Information arrives randomly and independently.

b.        Stock prices adjust rapidly to new information.

c.         Price changes are biased.

d.        Price changes are random.

e.         Price adjustments are independent.

Q20.   According to the dividend growth model, if a company were to declare that it would never pay dividends, its value would be   

a.         based on earnings.

b.        based on expectations.

c.         higher than similar firms because it could reinvest a greater amount in new projects.

d.        zero.

e.         based on the capital asset pricing model.

Please I need all answers about questions in TLC LAB.

(Q1) In our lab, what is the mobile phase and what is stationary phase? Discuss the polarity of each.

(Q2) Do your results suggest that the chemical characteristics of these pigments might differ according to their color? Explain.

(Q3) Which of your pigment molecules was the most non-polar? Polar?

(Q4) What is the relationship between Rf values and polarity for this experiment? Is this always true?

(Q5) Why should you not use ink on the coating to mark your pigment placement?

Here is procedure of lab.

Procedure

(1) On a balance weigh ~0.5 grams of algae powder and ~0.5 grams of anhydrous magnesium sulfate.

(2) Transfer (1) to a large test tube and combine with 2.0 ml of acetone. Stopper the test tube and shake vigorously for approximately one minute. You need to make sure that the solvent and solid are well mixed. Allow the mixture to stand for few minutes.

(3) Use a pipette to carefully transfer the solvent above the solid (should be green) into a small test tube. Cover the tube to avoid evaporation.

(4). Obtain a TLC chamber (a glass jar with a cover) and add developing solvent (a mixture of pet ether, acetone, cyclohexane, ethyl acetate and methanol). The solvent should completely cover the bottom of the chamber to a depth of approximately 0.5 cm.

(5). For each person, obtain a TLC plate (a silica gel coated plastic sheet) which has been precut and make a dot with a pencil on the coated side (the matt side) approximately 1.0 cm from the bottom of the strip.

(6). Fill a capillary tube by placing it in the leaf extract. Keep your finger on the end of the tube. Apply the extract to the center of the dot on the TLC plate by quickly touching the end of the TLC applicator to the plate. Allow to dry. Repeat several times to make a concentrated dot of extract. Be sure to let dry between applications.   The best ‘dot’ would be a concentrated but small in size. PRACTICE DOTTING ON A PAPER TOWEL BEFORE USING THE TLC PLATE !

(7) Carefully place the TLC plate in the TLC chamber. The TLC plate should sit on the bottom of the chamber and be in contact with the solvent (solvent surface must be below the extract dot). Screw the lid on the TLC chamber.

(8). Allow the TLC plate to develop (separation of pigments). As the solvent moves up the TLC plate you should see the different colored pigments separating.

(9). Remove the TLC plate from the chamber when the solvent from is approximately 1.0 cm from the top of the TLC plate. With a pencil, mark the level of the solvent front (highest level the solvent moves up the TLC plate) as soon as you remove the strip from the chamber. IT WILL FADE QUICKLY.

(10) Using a pencil, gently trace all the pigments. These will fade also. Tape the TLC plate onto your lab notebook. Sketch the TLC plate next to it including the solvent line, trace of pigments. Now add on the descriptions such as color to the sketch. Be specific.

Edgerron Company is able to produce two products, G and B, with the same machine in its factory. The following information is available.

The company presently operates the machine for a single eight-hour shift for 22 working days each month. Management is thinking about operating the machine for two shifts, which will increase its productivity by another eight hours per day for 22 days per month. This change would require $13,500 additional fixed costs per month. (Round hours per unit answers to 1 decimal place. Enter operating losses, if any, as negative values.)

2. Use the data in BUSI1013 Bank Dataset.xlsx (Unit 1 Question 2) to answer this question. (4 points for each part; 8 points total)
   
   1. Perform a statistical test to see whether the average loans of customers before the change at the Brock and Chase branch are different.
   2. Construct a 95% confidence interval for the difference of average loans of customers before the change at the Brock and Chase branch.

1) A nutritionist claims that the proportion of females who consume too much saturated fat is lower than the proportion of males who consume too much saturated fat. In interviews with 513 randomly selected females, she determines that 300 consume too much saturated fat. In interviews with 564 randomly selected males, she determines that 391 consume too much saturated fat.

Do the data support the claim that the proportion of females who consume too much saturated fat is less than the proportion of males who consume too much saturated fat? Use α = 0.05 and the 4-step process.

2)

The developer of a new filter for filter-tipped cigarettes claims that it leaves less nicotine in the smoke than does the current filter. Because cigarette brands differ in a number of ways, he tests each filter on one cigarette of each of nine randomly selected brands and records the difference in nicotine content. His results are given in the table below.

Does the data give convincing evidence that the filter tips leave less nicotine in the smoke? Follow the 4-step process.

old=c(.7, .8, .8, .9, .9, 1, 1.2, 1.2, 1.8)

new=c(.6, .6, .7, .8, .7, 1, .8, .9, 1.5)

3)

An investor with a stock portfolio worth several hundred thousand dollars sued his broker and brokerage firm because lack of diversification in his portfolio led to poor performance. The following data lists the rates of return, in percent, for a random sample of 39 months that the account was managed by the broker. The arbitration panel compared these returns with the average S&P 500 for the same period.

stock=c(-8.36, 1.63, -2.27, -2.93, -2.70, -2.93, -9.14, -2.64, 6.82, -2.35, -3.58, 6.13, 7.00, -15.25, -8.66, -1.03, -9.16, -1.25, -1.22, -10.27, -5.11, -0.80, -1.44, 1.28, -0.65, 4.34, 12.22, -7.21, -0.09, 7.34, 5.04, -7.24, -2.14, -1.01, -1.41, 12.03, -2.56, 4.33, 2.35)

Does the data show that the mean return is different from 0.95%, the average return for the S&P 500. Use α = 0.01 and the 4-step process.

4) A random sample of 328 medical doctors showed that 171 had a solo practice. Find and interpret a 95% confidence interval for the proportion of all doctors who have a solo practice. Follow the 4-step process.

5)

You are conduction a t-test for the mean using a sample of 9 observations. Do the following graphs indicate that it is safe to conclude the sample data is normal? Explain.

answer all please. thank you.

Verify Login Page that either gives error when not meeting the requirement or directing it to "blogs.php" when it's a successful log in..

Hi, so this is actually my html code for the log in and sign up page and I just needed help creating a verify log in/ sign up page with exception handling. Username has to be at least 6 character long. Password has to be 6 characters long and end with a number.

Blogs.com

"

"index.html"

<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
<meta http-equiv="Content-Type" content="text/html; charset=utf-8" />
<title>Blogs.com</title>
</head>

<body>
<h2>Sign in </h2>

<p> Enter your username and password to sign in!</p>
<form method="POST" action ="blogs.php">
<p> User Name <input type ="text" name="username"/></p>
<p> Password <input type="text" name ="passwordname" /></p>

<input type="submit" value= "Sign in"/></p>
</form>

<p> Sign up if you're a first time user!</p>

<form method="POST" action ="UserRegistration.php">
<input type="submit" value= "Sign up!"/></p>

<br /><br />
<script>
var date =new Date();
document.write("Today " ,date);
</br>
</script>
</body>
</html>

"UserRegistration"

<?php
   session_start();
   $_SESSION = array();
   session_destroy();
  
?>
<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Strict//EN"
   "http://www.w3.org/TR/xhtml1/DTD/xhtml1-strict.dtd">
   <html xmlns="http://www.w3.org/1999/xhtml">
       <head>
           <title>User Registration</title>
           <meta http-equiv="content-type" content="text/html; charset=iso-8859-1" />
       </head>
       <body>
           <h1>User Registration</h1>
           <h2>Register / Log In</h2>
           <p>New user's, please complete the top form to register as a new user. Returning user's, please complete
               the second form to log in.</p>
           <hr />
           <h3>User Registration</h3>
           <form method="post" action="Register.php?<?php echo SID; ?>">
               <p>Enter your Name:
                   First <input type="text" name="first" />
                   Last <input type="text" name="last" />
               </p>
               <p>Enter your e-mail address:
                   <input type="text" name="email" />
               </p>
               <p>Enter your password:
                   <input type="password" name="password" />
               </p>
               <p>Confirm your password:
                   <input type="password" name="password2" />
               </p>
               <p>
                   <em>(Passwords are case-sensitive and must be at least 6 characters long)</em>
               </p>
               <input type="reset" name="reset" value="Reset Registration Form" />
               <input type="submit" name="register" value="Register" />
           </form>
           <hr />
           <?php
               $nag_counter = 0;
               if(isset($_COOKIE['userVisit']))
                   $UserVisit = "<p>Your visit number is $nag_counter was on " . $_COOKIE['userVisit'];
                  
               else
                   $UserVisit = "<p>This is your first visit!</p>\n";
              
               ++$nag_counter;
               setcookie("userVisit", date("F j, Y, g:i a"), time()+60*60*24*365);
           ?>
           <?php
               echo $UserVisit;
           ?>
       </body>
   </html>

"

In this program, you will generate a random “sentence” constructed of random “words”. Quotes are used in the preceding sentence because the “words” will mostly be nonsense words that do not exist in the English language.

Step 1. The average number of words in an English sentence is about 17 words. First generate a pseudorandom number NW between 10 and 20 for the number of words in your random “sentence”. Use srand( ) to set the initial value in the iterative algorithm within the rand( ) function. Given NW, initialize a for-loop for(i=0; i

Step 2. To generate a pseudorandom “word” within the for-loop above, you first need to generate a pseudorandom number NL for the number of letters in the “word”.
The number of letters in a word follows the following probability table. two-letter words 0.20 three-letter words 0.27 four-letter words 0.22 five-letter words 0.14 six-letter words 0.09 seven-letter words 0.08 -------------------------------- Total = 1.00
Think of generating a pseudorandom value NL between 0.0 and 1.0 and choosing the number of letters in the “word” using the pseudorandom value according to the following: If NL >= (0.00) and NL <= (0.20), then the number of letters in the word will be two. If NL> (0.20) and NL <= (0.20+0.27), then the number of letters in the word will be three. If NL> (0.20+0.27) and NL <= (0.20+0.27+0.22), then the number of letters in the word will be four. If NL> (0.20+0.27+0.22) and NL <= (0.20+0.27+0.22+0.14), then the number of letters in the word will be five. If NL> (0.20+0.27+0.22+0.14) and NL <= (0.20+0.27+0.22+0.14+0.09), then the number of letters in the word will be six.
If NL> (0.20+0.27+0.22+0.14+0.09) and NL <= (0.20+0.27+0.22+0.14+0.09+0.08), then the number of letters in the word will be seven.
Notice that there are 6 intervals, representing NL=2 to NL=7. To assign a number of letters NL in the “word”, declare a 6-cell 1-D float array prob_letters[ ] and load the 1-D array with the probability sums from above. float prob_interval[6]={ 0.2, 0.47, 0.69, 0.83, 0.92, 1.0};
Now generate a pseudorandom value x between 0.0 and 1.0 x=rand( )/(float)RAND_MAX; Initialize the number of letters NL to 2: NL=2; Now check if x lies in one of the other five intervals for NL=3 to NL=7. If so, assign NL to the number of letters for that interval. for(i=1; i<6; i++){ if(x>= prob_interval[i-1] && x<= prob_interval[i])NL=i+2; }
Two important Notes : Important Note 1 : A better way to generate the 1-D array of interval values prob_interval[ ] is to start from the probabilities for the occurrencess of NL=2 through NL=7. float prob_interval[6]={ 0.2, 0.27, 0.22, 0.14, 0.09, 0.08}; Then form the array elements as the sums for(i=1; i<6; i++){ prob_interval[i]= prob_interval[i]+ prob_interval[i-1]; } Use this approach in the

Step 3 below. Important Note 2. : The array prob_interval[ ] should be generated only one time, before you begin any looping. Do not generate this array over-and-over-again, by incorrectly placing it inside the loop in Step 1. Step 3. Print out a “word” of length NL letters to the display. This “word” will be constructed from pseudorandom letters a-z. Start with a for-loop for(j=0; j a 0.085 b 0.021 c 0.045 d 0.034 e 0.112 f 0.018 g 0.025 h 0.030 i 0.075 j 0.002 k 0.011 l 0.055 m 0.030 n 0.067 o 0.07 p 0.032 q 0.002 r 0.076 s 0.057 t 0.070 u 0.036 v 0.011 w 0.013 x 0.002 y 0.018 z 0.002 ---------------- total 1.000
Use the method from Step 2. You can make use of the sequential ascii character codes for letters ‘a’ through ‘z’. float prob_let[26]= {0.085, 0.021, 0.045, 0.034, 0.112, 0.018, 0.025, 0.030, 0.075, 0.002, 0.011, 0.055, 0.030, 0.067, 0.071, 0.032, 0.002, 0.076, 0.057, 0.070, 0.036, 0.011, 0.013, 0.002, 0.018, 0.002}; Important Note: The first letter of the first word in the sentence should be printed as capitalized; i.e. uppercase. Step 4. Place a blank space after the “word” printed in Step 3, or place a period after the “word” printed in Step 3 if it is the last “word” in the sentence. Your results should look like: Elfh gfk llae mjlodp noc tjvjs mlknko si. Note, we haven’t applied any rules such as: 1. a “minimum of one vowel per word”; 2. ‘t’ is often followed by ‘h to form ‘th’; 3. ‘s’ often occurs at the end of a word to form a plural; 4. etc.. so actual words will only appear infrequently

CarryAll Company produces briefcases from leather, fabric, and synthetic material in a single production department. The basic product is a standard briefcase that is made from leather, lined with fabric. CarryAll has a good reputation in the market because the standard briefcase is a high quality item and has been well-produced for many years. Last year, the company decided to expand its product line and produce specialty briefcases for special orders. These briefcases differ from the standard in that they vary in size, they contain both leather and synthetic materials, and they are imprinted with the buyer’s logo, whereas the standard briefcase is simply imprinted with the CarryAll name in small letters. The use of some synthetic materials in the briefcase was made to hold down the materials costs. To reduce the labor costs per unit, most of the cutting and stitching on the specialty briefcases is done by automated machines which are used to a much lesser degree in the production of the standard briefcases. Because of these changes in the design and production of the specialty briefcases, CarryAll believed that they would cost less to produce than the standard briefcases. However, because they are specialty items, they were priced slightly higher—standards are priced at $30, specialty briefcases at $32. After reviewing last month’s results of operations, CarryAll’s President became concerned about the profitability of the two product lines because the standard briefcase showed a loss while the specialty briefcase showed a greater profit margin than expected. The President is wondering whether the company should drop the standard briefcase and focus entirely on specialty items. The cost data for last month’s operations as reported to the President are as follows:

Standard                                                               Specialty

Units Produced:                                                                                  10,000                                                    2,500

                Direct Materials:

                Leather                                  1.0 sq. yd.                                              $15.00       0.5 sq. yd.                         $ 7.50

                Fabric                                     1.0 sq. yd.                                                   5.00       1.0 sq. yd.                               5.00

                Synthetic                                                                                                 ____                                                        5.00

                Total Materials:                                                                                   $20.00                                                 $17.50

                Direct Labor:                        0.5 hr @ $12.00                                         6.00       0.25 hr. @ $12.00                 3.00

                Factory Overhead:              0.5 hr. @ $ 8.98                                         4.49      0.25 hr. @ $ 8.98                  2.24

                Cost per Unit                                                                                        $30.49                                                 $22.74

Factory overhead is applied on the basis of direct-labor hours. The rate of $8.98 per direct-labor hour was calculated by dividing the total overhead $50,500 for the month by the direct-labor hours of 5,625. As shown above, the cost of a standard briefcase is $0.49 higher than its $30 sales price whereas the specialty briefcase has a cost of only $22.74 for a gross profit per unit of $9.26. The problem with these costs is that they do not accurately reflect the activities involved in manufacturing each product. Determining the costs using ABC should provide better product costing data to help gauge the actual profitability of each product line.

Analyzing the Factory Overhead Costs The factory overhead costs must be analyzed to determine the activities causing the costs. Assume that the following costs and cost drivers have been identified.

Purchasing Department cost is $6,000. The major activity driving the purchasing department costs is the number of purchase orders processed. During the month, purchasing prepared the following number of purchase orders: For leather 20 For fabric 30 For synthetic material 50

Receiving and Inspecting Materials cost is $7,500. Receiving and inspecting costs are driven by the number of deliveries. During the month, the following number of deliveries were made: Leather 30 Fabric 40 Synthetic material 80

Setting Production Line cost is $10,000. Set-up activities involve changing the machines to produce the different types of briefcases. A set-up for production of the standard briefcases requires one hour while set-up for the specialty briefcases requires two hours. Standard briefcases are produced in batches of 200; specialty briefcases are produced in batches of 25. During last month, there were 50 set-ups for the standard items and 100 set-ups for the specialty items.

Inspecting Finished Goods cost is $8,000. All briefcases are inspected to ensure that quality standards are met. However, the final inspection of standard briefcases takes very little time because the employees identify and correct quality problems as they do the hand-cutting and stitching. A survey of the personnel responsible for inspecting the final products showed that they spent 150 hours on the standard briefcase and 250 hours on the specialty ones during the month.

Equipment Related costs are $6,000. Equipment related costs include repairs, depreciation and utilities. Management has determined that a logical basis for assigning these costs to products is machine hours. A standard briefcase requires ½ hour of machine time, and a specialty briefcase requires 2 hours. Thus, during the last month, 5,000 hours of machine time relate to the standard line and 5,000 hours relate to the specialty line. Plant Related costs are $13,000. Plant related costs include property taxes, insurance, administration and others. These costs are to be assigned to products using machine hours.

Required: a. Using activity-based costing concepts, what overhead costs are assigned to the two products?

b. What is the unit cost of the two products using activity-based costing concepts?

c. Reevaluate the President’s concern about the profitability of the two