A circumferential aluminum fin is attached to an electronic resistor having 1/4 inch diameter. The fin is 1/8 inch long and .001 inches thick. The convective heat transfer coefficient to the surrounding media, air at 60oF, is 10 Btu/h ft2 oF when the fin is at 120oF. Estimate the fin efficiency and the heat transfer from the fin.
In: Mechanical Engineering
In: Statistics and Probability
A firm considers a project with the following cash flows: time-zero = -120,000, years 1-4 = 55,500, and the fifth year -90,000. Should the project be accepted if the cost of capital is 9%?
| a. |
No, the PI of the project is less than 1 |
|
| b. |
No, the MIRR of the project is 9.16%. |
|
| c. |
Yes, the IRR of the project is 10.04%. |
|
| d. |
Yes, the NPV of the project is $1,310.63 |
In: Finance
A company is considering purchasing wine glasses from 1 of 4 possible manufacturers (identified as Manufacturer A, Manufacturer B, Manufacturer C, and Manufacturer D). The cost of the wine glasses is the same for each manufacturer, so the company is conducting a test to determine if there is a difference in the average life of glasses produced by the manufacturers. Four (4) glasses are randomly sampled from each manufacturer and the glasses are tested until they break. A partially completed ANOVA table of the results is shown below. The F critical value is shown for α = 0.05.
|
ANOVA |
|||||
|
Source of Variation |
SS |
df |
MS |
F |
F crit |
|
Between Groups |
204993 |
3 |
3.4903 |
||
|
Within Groups |
78218 |
||||
|
Total |
283211 |
15 |
1. State the Null and alternative hypotheses of interest.
Ho: __________________________________________
HA: __________________________________________
In: Statistics and Probability
On January 1, 2018, the Company issued a 4-year, 9%, $500,000 bond that will pay interest at the end of each month. The market rate at the time of issue was 7%.
The assignment requires you to calculate the issue price (present value of the bond) as well as the discount or premium. The assignment then requires you complete the entire amortization schedule from issue date through maturity. The last requirement asks you to prepare three journal entries
In: Accounting
Topic obesity
Answer the following question
1) write an executive summary with 3 or 4 key findings from the community of obesity/childhood obesity.
In: Nursing
I only need 4 and 5
1) Define Aggregate Demand.
Aggregate demand is a schedule or curve that shows the various amounts of real domestic output that domestic and foreign buyers will desire to purchase at each possible price level.
2) Give three reasons why the Aggregate Demand curve slopes downward.
Real balances effect: When the price level falls, the purchasing power of existing financial balances rises, which can increase spending.
Interest‑rate effect: A decline in the price level means lower interest rates that can increase levels of certain types of spending.
Foreign purchases effect: When the price level falls, other things being equal, U.S. prices will fall relative to foreign prices, which will tend to increase spending on U.S. exports and also decrease import spending in favor of the U.S. products that compete with imports.
3) Using the Expenditure Model (GDP = C + G + I + NX), draw a graph that depicts Demand-Pull inflation.
For the GDP be , we have the representative AD and AS curve, and the initial equilibrium at X. Now, in case of demand-pull inflation, the AD increases to AD' due to an increase in consumption and/or government spending and/or NX, ie for , the representative AD is AD'. The new equilibrium would be at Y, where the price has increased.
Hence, inflation in case of demand-pull inflation would happen in the framework of expenditure model when
C: consumer expenditure increases for some reason, such as an increase in the price of a group of products (which may happen as a significant factor like oil prices spikes up).
G: government spending increases as a part of the expansionary fiscal policy.
NX: domestic currency depreciates and that change in exchange rate causes export to increase, ie net export increases.
4) What factors cause Demand-Pull inflation?
5) Using the Expenditure Model (GDP = C + G + I + NX), what needs to be done to get back to equilibrium when an economy experiences Demand-Pull inflation?
In: Economics
Allergy sensitization - put these events in order #1-#4.
> Effector Th2 T cells interact with B cells to induce class switching to IgE
> Allergen is taken up by dendritic cells, processed, and presented to T cells to induce Th2 differentiation
> IgE is produced and binds to mast cells using FcE receptor
> IgE bound to mast cells binds allergen during a second (or later) encounter, leads to degranulation and allergy symptoms
In: Biology
1. Capital Structure Question:
a) Provide a definition of financial risk. [4 Marks]
b) Under the perfect market conditions that there is no corporate tax, no bankruptcy costs and agency costs, what will happen to the equity return when a firm increases its debt level? [6 Marks]
c) Describe the possible types of bankruptcy costs covered in capital structure theory.
2. Dividend Policy Question
a) Describe the economic nature of dividend payment and the most popular ways of paying dividend. [6 Marks]
b) Explain why “stock dividend” is not a real dividend payment in nature. [4 Marks]
c) Describe how an equity holder’s income tax rate level might influence his/her preference between cash dividend and share repurchasing programs
In: Finance
1. Find the most recent 4 years' balance sheets and 3 years' income statement for the two companies you have chosen to study for your project. (CVS +Walgreens or Mcdonalds + Wendy's).
2. Perform vertical analysis and horizontal analyses for the balance sheets (for horizontal analysis, use the first year as your base year; for vertical analysis, use "total assets" as the base).
CVS Balance
| Period Ending | 12/31/17 | 12/31/16 | 12/31/15 |
| Current Assets | |||
| Cash And Cash Equivalents | 1,696,000 | 3,371,000 | 2,459,000 |
| Short Term Investments | 111,000 | 87,000 | 88,000 |
| Net Receivables | 13,181,000 | 12,164,000 | 11,888,000 |
| Inventory | 15,296,000 | 14,760,000 | 14,001,000 |
| Other Current Assets | 945,000 | 660,000 | 722,000 |
| Total Current Assets | 31,229,000 | 31,042,000 | 29,158,000 |
| Long Term Investments | - | - | - |
| Property Plant and Equipment | 10,292,000 | 10,175,000 | 9,855,000 |
| Goodwill | 38,451,000 | 38,249,000 | 38,106,000 |
| Intangible Assets | 13,630,000 | 13,511,000 | 13,878,000 |
| Accumulated Amortization | - | - | - |
| Other Assets | 1,529,000 | 1,485,000 | 1,440,000 |
| Deferred Long Term Asset Charges | - | - | - |
| Total Assets | 95,131,000 | 94,462,000 | 92,437,000 |
| Current Liabilities | |||
| Accounts Payable | 15,472,000 | 14,883,000 | 14,319,000 |
| Short/Current Long Term Debt | 15,176,000 | 11,367,000 | 8,850,000 |
| Other Current Liabilities | - | - | - |
| Total Current Liabilities | 30,648,000 | 26,250,000 | 23,169,000 |
| Long Term Debt | 22,181,000 | 25,615,000 | 26,267,000 |
| Other Liabilities | 1,611,000 | 1,549,000 | 1,542,000 |
| Deferred Long Term Liability Charges | 2,996,000 | 4,214,000 | 4,217,000 |
| Minority Interest | 4,000 | 4,000 | 7,000 |
| Negative Goodwill | - | - | - |
| Total Liabilities | 57,440,000 | 57,632,000 | 55,202,000 |
| Stockholders' Equity | |||
| Misc. Stocks Options Warrants | - | - | 39,000 |
| Redeemable Preferred Stock | - | - | - |
| Preferred Stock | - | - | - |
| Common Stock | 17,000 | 17,000 | 17,000 |
| Retained Earnings | 43,556,000 | 38,983,000 | 35,506,000 |
| Treasury Stock | -37,765,000 | -33,452,000 | -28,886,000 |
| Capital Surplus | 32,079,000 | 31,618,000 | 30,948,000 |
| Other Stockholder Equity | -196,000 | -336,000 | -389,000 |
| Total Stockholder Equity | 37,691,000 | 36,830,000 | 37,196,000 |
| Net Tangible Assets | -14,390,000 | -14,930,000 | -14,788,000 |
CVS Income
| Income Statement All numbers in thousands | |||
| Revenue | 12/31/17 | 12/31/16 | 12/31/15 |
| Total Revenue | 184,765,000 | 177,526,000 | 153,290,000 |
| Cost of Revenue | 156,220,000 | 148,669,000 | 126,762,000 |
| Gross Profit | 28,545,000 | 28,857,000 | 26,528,000 |
| Operating Expenses | |||
| Research Development | - | - | - |
| Selling General and Administrative | - | - | - |
| Non Recurring | - | - | - |
| Others | - | - | - |
| Total Operating Expenses | - | - | - |
| Operating Income or Loss | 9,517,000 | 10,366,000 | 9,475,000 |
| Income from Continuing Operations | |||
| Total Other Income/Expenses Net | -208,000 | -671,000 | -21,000 |
| Earnings Before Interest and Taxes | 9,309,000 | 9,695,000 | 9,454,000 |
| Interest Expense | 1,041,000 | 1,058,000 | 838,000 |
| Income Before Tax | 8,268,000 | 8,637,000 | 8,616,000 |
| Income Before Tax | 8,268,000 | 8,637,000 | 8,616,000 |
| Income Tax Expense | 1,637,000 | 3,317,000 | 3,386,000 |
| Minority Interest | 4,000 | 4,000 | 7,000 |
| Net Income From Continuing Ops | 6,631,000 | 5,320,000 | 5,230,000 |
| Non-recurring Events | |||
| Discontinued Operations | -8,000 | -1,000 | 9,000 |
| Extraordinary Items | - | - | - |
| Effect Of Accounting Changes | - | - | - |
| Net Income | |||
| Net Income | 6,622,000 | 5,317,000 | 5,237,000 |
| Preferred Stock And Other Adjustments | - | - | - |
| Net Income Applicable To Common Shares | 6,622,000 | 5,317,000 | 5,237,000 |
Walgreens Income
| Income Statement All numbers in thousands | |||
| Revenue | 8/31/17 | 8/31/16 | 8/31/15 |
| Total Revenue | 118,214,000 | 117,351,000 | 103,444,000 |
| Cost of Revenue | 89,052,000 | 87,477,000 | 76,691,000 |
| Gross Profit | 29,162,000 | 29,874,000 | 26,753,000 |
| Operating Expenses | |||
| Research Development | - | - | - |
| Selling General and Administrative | 23,605,000 | 23,873,000 | 22,085,000 |
| Non Recurring | - | - | - |
| Others | - | - | - |
| Total Operating Expenses | - | - | - |
| Operating Income or Loss | 5,557,000 | 6,001,000 | 4,668,000 |
| Income from Continuing Operations | |||
| Total Other Income/Expenses Net | -11,000 | -261,000 | 1,248,000 |
| Earnings Before Interest and Taxes | 5,546,000 | 5,740,000 | 5,916,000 |
| Interest Expense | 693,000 | 596,000 | 605,000 |
| Income Before Tax | 4,853,000 | 5,144,000 | 5,311,000 |
| Income Tax Expense | 752,000 | 953,000 | 1,032,000 |
| Minority Interest | 808,000 | 401,000 | 439,000 |
| Net Income From Continuing Ops | 4,078,000 | 4,173,000 | 4,220,000 |
| Non-recurring Events | |||
| Discontinued Operations - - - | |||
| Extraordinary Items - - - | |||
| Effect Of Accounting Changes - - - | |||
| Other Items | |||
| Net Income | |||
| Net Income | 4,078,000 | 4,173,000 | 4,220,000 |
| Preferred Stock And Other Adjustments | - | - | - |
| Net Income Applicable To Common Shares | 4,078,000 | 4,173,000 | 4,220,000 |
Walgreens Balance
| Period Ending | 8/31/17 | 8/31/16 | 8/31/15 |
| Current Assets | |||
| Cash And Cash Equivalents | 3,301,000 | 9,807,000 | 3,000,000 |
| Short Term Investments | - | - | - |
| Net Receivables | 6,528,000 | 6,260,000 | 6,849,000 |
| Inventory | 8,899,000 | 8,956,000 | 8,678,000 |
| Other Current Assets | 1,025,000 | 860,000 | 1,130,000 |
| Total Current Assets | 19,753,000 | 25,883,000 | 19,657,000 |
| Long Term Investments | 6,320,000 | 6,174,000 | 1,242,000 |
| Property Plant and Equipment | 13,642,000 | 14,335,000 | 15,068,000 |
| Goodwill | 15,632,000 | 15,527,000 | 16,372,000 |
| Intangible Assets | 10,156,000 | 10,302,000 | 12,351,000 |
| Accumulated Amortization | - | - | - |
| Other Assets | 506,000 | 467,000 | 4,092,000 |
| Deferred Long Term Asset Charges | - | - | - |
| Total Assets | 66,009,000 | 72,688,000 | 68,782,000 |
| Current Liabilities | |||
| Accounts Payable | 18,296,000 | 16,690,000 | 15,489,000 |
| Short/Current Long Term Debt | 251,000 | 323,000 | 1,068,000 |
| Other Current Liabilities | - | - | - |
| Total Current Liabilities | 18,547,000 | 17,013,000 | 16,557,000 |
| Long Term Debt | 12,684,000 | 18,705,000 | 13,315,000 |
| Other Liabilities | 4,223,000 | 4,045,000 | 4,072,000 |
| Deferred Long Term Liability Charges | 2,281,000 | 2,644,000 | 3,538,000 |
| Minority Interest | 808,000 | 401,000 | 439,000 |
| Negative Goodwill | - | - | - |
| Total Liabilities | 37,735,000 | 42,407,000 | 37,482,000 |
| Stockholders' Equity | |||
| Misc. Stocks Options Warrants | - | - | - |
| Redeemable Preferred Stock | - | - | - |
| Preferred Stock | - | - | - |
| Common Stock | 12,000 | 12,000 | 12,000 |
| Retained Earnings | 30,137,000 | 27,684,000 | 25,089,000 |
| Treasury Stock | -9,971,000 | -4,934,000 | -3,977,000 |
| Capital Surplus | 10,339,000 | 10,111,000 | 9,953,000 |
| Other Stockholder Equity | -3,051,000 | -2,993,000 | -216,000 |
| Total Stockholder Equity | 27,466,000 | 29,880,000 | 30,861,000 |
| Net Tangible Assets | 1,678,000 | 4,051,000 | 2,138,000 |
In: Accounting