Tesla Corporation (TSLA) stock has been in demand over the past
year, tripling in value between July 2019 and January 2020, despite
reporting losses in two of the last four quarters. Autonomous
vehicle technology is poised for introduction in urban and long
haul applications by companies such as Plus.ai. In an interview
with Quartz, Bill Gates suggested that taxing robot output could
help cover the shortfall in social services due to lost jobs and
help pay for the increase in social services and support needed by
displaced workers. An article in The Atlantic Magazine (A World
Without Work) lays out the impact of automation on jobs and
eventually on the default social contract in most capitalist
societies. A review of a book with the same name provides
additional insight.
Please research the topic of automation and its impact on an
individual’s ability to monetize their human capital. Given the
idea that humans need to contribute to society to feel fulfilled
and happy, please respond to the following:
What is your personal philosophy about firms using automation without regard to its impact on society?
In: Economics

A physics class has 50 students. Of these, 17 students are physics majors and 16 students are female. Of the physics majors, seven are female. Find the probability that a randomly selected student is female or a physics major.
The probability that a randomly selected student is female or a physics major is
(Round to three decimal places as needed.)
In: Math
Financial statement analysis) Carson Electronics' management has long viewed BGT Electronics as an industry leader and uses this firm as a model firm for analyzing its own performance. a. Calculate the following ratios for both Carson and BGT: Current ratio Times interest earned Inventory turnover Total asset turnover Operating profit margin Operating return on assets Debt ratio Average collection period Fixed asset turnover Return on equity b. Analyze the differences you observe between the two firms. Comment on what you view as weaknesses in the performance of Carson as compared to BGT that Carson's management might focus on to improve its operations. a. Calculate the following ratios for both Carson and BGT: Carson's current ratio is nothing. (Round to two decimal places.)
|
Carson Electronics, Inc. Balance Sheet ($000) |
BGT Electronics, Inc. Balance Sheet ($000) |
|||||
|
Cash |
$ 1 comma 950$1,950 |
$ 1 comma 510$1,510 |
||||
|
Accounts receivable |
4 comma 4904,490 |
6 comma 0206,020 |
||||
|
Inventories |
1 comma 5301,530 |
2 comma 5002,500 |
||||
|
Current assets |
$ 7 comma 970$7,970 |
$ 10 comma 030$10,030 |
||||
|
Net fixed assets |
15 comma 98015,980 |
24 comma 98024,980 |
||||
|
Total assets |
$ 23 comma 950$23,950 |
$ 35 comma 010$35,010 |
||||
|
Accounts payable |
$ 2 comma 550$2,550 |
$ 4 comma 990$4,990 |
||||
|
Accrued expenses |
1 comma 0101,010 |
1 comma 5501,550 |
||||
|
Short-term notes payable |
3 comma 4603,460 |
1 comma 5101,510 |
||||
|
Current liabilities |
$ 7 comma 020$7,020 |
$ 8 comma 050$8,050 |
||||
|
Long-term debt |
7 comma 9707,970 |
3 comma 9903,990 |
||||
|
Owners' equity |
8 comma 9608,960 |
22 comma 97022,970 |
||||
|
Total liabilities and owners' equity |
$ 23 comma 950$23,950 |
$ 35 comma 010$35,010 |
||||
|
Carson Electronics, Inc. Income Statement ($000) |
BGT Electronics, Inc. Income Statement ($000) |
||||||
|
Net sales (all credit) |
$ 47 comma 950$47,950 |
$ 70 comma 030$70,030 |
|||||
|
Cost of goods sold |
( 35 comma 980 )(35,980) |
( 42 comma 050 )(42,050) |
|||||
|
Gross profit |
$ 11 comma 970$11,970 |
$ 27 comma 980$27,980 |
|||||
|
Operating expenses |
( 8 comma 040 )(8,040) |
( 11 comma 970 )(11,970) |
|||||
|
Net operating income |
$ 3 comma 930$3,930 |
$ 16 comma 010$16,010 |
|||||
|
Interest expense |
( 1 comma 180 )(1,180) |
( 500 )(500) |
|||||
|
Earnings before taxes |
$ 2 comma 750$2,750 |
$ 15 comma 510$15,510 |
|||||
| Income taxes
(40 %40%) |
( 1 comma 100 )(1,100) |
( 6 comma 204 )(6,204) |
|||||
|
Net income |
$ 1 comma 650$1,650 |
$ 9 comma 306$9,306 |
|||||
PrintDone
In: Accounting
Lisa Deuel is a certified public accountant (CPA) and staff accountant for Bratz and Bratz, a local CPA firm. It had been the policy of the firm to provide a holiday bonus equal to two weeks' salary to all employees. The firm's new management team announced on November 15 that a bonus equal to only one week's salary would be made available to employees this year. Lisa thought that this policy was unfair because she and her coworkers planned on the full two-week bonus. The two-week bonus had been given for 10 straight years, so it seemed as though the firm had breached an implied commitment.
Thus, Lisa decided that she would make up the lost bonus week by working an extra six hours of overtime per week over the next five weeks until the end of the year. Bratz and Bratz's policy is to pay overtime at 150% of straight time. Lisa's supervisor was surprised to see overtime being reported, since there is generally very little additional or unusual client service demands at the end of the calendar year. However, the overtime was not questioned, since firm employees are on the 'honor system' in reporting their overtime.
Discuss whether the firm is acting in an ethical manner by changing the bonus. Is Lisa behaving in an ethical manner?
In: Accounting
1. In class, we address the importance of maximizing shareholders’ wealth. However, it seems like maximizing stock prices does not make sense, because investors focus on short-term results and do not care about long-term consequences. What do you think? Please discuss.
2. In February, Cap Inc. announced that it would split into two independent publicly traded companies: one comprised of its Old Navy brand, and the second a yet-to-be-named company that includes its other brands like Banana Republic and Athleta. The planned breakup is an acknowledgment of the two chains' diverging fortunes and how much Gap has lost its once-powerful grip on American consumers. For several years, Old Navy has outperformed its sister brands Gap and Banana Republic with its lower price-points and catchy marketing. Old Navy now exceeds the original brand in sales, making up nearly half of Gap Inc.'s $16.6 billion of sales in 2018.
In your opinion, what are the benefits and downsides to splitting Gap into two firms? How did Gap's stock react to the news in after-market trading? How would you explain this reaction? Will the separation save the company in the long run? Please elaborate on your answers.
In: Finance
You invest $100 in a risky asset with an expected rate of return of 0.11 and a standard deviation of 0.20 and a T-bill with a rate of return of 0.03. What percentages of your money must be invested in the risk-free asset and the risky asset, respectively, to form a portfolio with a standard deviation of 0.08? Select one: a. 30% and 70% b. 50% and 50% c. 60% and 40% d. 40% and 60% e. Cannot be determined.
You invest $100 in a risky asset with an expected rate of return
of 0.11 and a standard deviation of 0.20 and a T-bill with a rate
of return of 0.03.
What percentages of your money must be invested in the risky asset
and the risk-free asset, respectively, to form a portfolio with an
expected return of 0.08?
Select one:
a. 85% and 15%
b. 75% and 25%
c. 62.5% and 37.5%
d. 57% and 43%
e. Cannot be determined.
In: Finance
AA corporation has a capital structure consisting of 40% debt, 10% preferred stock, and 50% common equity. Assume the firm has a sufficient retained earnings to fund the equity portion of its capital budget. It has 20-year, 14% semiannual coupon bonds that sell at their par value of $1,000. The firm could sell, at par, $50 preferred stock that pays a 8% annual dividend. AA’s beta is 1.4, the risk-free rate if 5%, and the market risk premium is 8%. AA is a constant growth firm that just paid dividend of $1.00, sells for $20.00 per share, and has a growth rate of 10%. AA’s tax rate is 30%. what is AA’s WACC?
i need specific calculation process for this question, not only the answer!!
In: Finance
A national chain of women’s clothing stores with locations in the large shopping malls thinks that it can do a better job of planning more renovations and expansions if it understands what variables impact sales. It plans a small pilot study on stores in 25 different mall locations. The data it collects consist of monthly sales, store size (sq. ft), number of linear feet of window display, number of competitors located in mall, size of the mall (sq. ft),and distance to nearest competitor (ft). USING EXCEL FUNCTIONS
| Sales | Size | Windows | Competitors | Mall Size | Nearest Competitor |
| 4453 | 3860 | 39 | 12 | 943700 | 227 |
| 4770 | 4150 | 41 | 15 | 532500 | 142 |
| 4821 | 3880 | 39 | 15 | 390500 | 263 |
| 4912 | 4000 | 39 | 13 | 545500 | 219 |
| 4774 | 4140 | 40 | 10 | 329600 | 232 |
| 4638 | 4370 | 48 | 14 | 802600 | 257 |
| 4076 | 3570 | 37 | 16 | 463300 | 241 |
| 3967 | 3870 | 39 | 16 | 855200 | 220 |
| 4000 | 4020 | 44 | 21 | 443000 | 188 |
| 4379 | 3990 | 38 | 16 | 613400 | 209 |
| 5761 | 4930 | 50 | 15 | 420300 | 220 |
| 3561 | 3540 | 34 | 15 | 626700 | 167 |
| 4145 | 3950 | 36 | 14 | 601500 | 187 |
| 4406 | 3770 | 36 | 12 | 593000 | 199 |
| 4972 | 3940 | 38 | 11 | 347100 | 204 |
| 4414 | 3590 | 35 | 10 | 355900 | 146 |
| 4363 | 4090 | 38 | 13 | 490100 | 206 |
| 4499 | 4580 | 45 | 16 | 649200 | 144 |
| 3573 | 3580 | 35 | 18 | 685900 | 178 |
| 5287 | 4380 | 42 | 15 | 106200 | 149 |
| 5339 | 4330 | 40 | 10 | 354900 | 231 |
| 4656 | 4060 | 37 | 11 | 598700 | 225 |
| 3943 | 3380 | 34 | 16 | 381800 | 163 |
| 5121 | 4760 | 44 | 17 | 597900 | 224 |
| 4557 | 3800 | 36 | 14 | 745300 | 195 |
In: Statistics and Probability
A consulting firm has two departments, Corporate and Government. Computer support is common to both departments. The cost of computer support is $14.24 million. The following information is given:
| Gigabytes of Storage | Number of Consultants | |||||
| Corporate | 95,400 | 130 | ||||
| Government | 47,600 | 165 | ||||
Required:
What is the cost allocation if fixed computer costs of $10.23 million are allocated on the basis of number of consultants and the remaining costs (all variable) are allocated on the basis of the number of gigabytes of storage used by the department?
In: Accounting
The following data for the dependent variable, y, and the independent variable, x, have been collected using simple random sampling:
|
X |
Y |
|
10 |
120 |
|
14 |
130 |
|
16 |
170 |
|
12 |
150 |
|
20 |
200 |
|
18 |
180 |
|
16 |
190 |
|
14 |
150 |
|
16 |
160 |
|
18 |
200 |
In: Statistics and Probability