What is displayed to the screen when the following code executes?

Counter c1 = new Counter();
Counter c2 = new Counter();
Counter c3 = new Counter();
Counter[] A = {c1, c2};
JAVA

A[0].clickButton();
Counter[] B = new Counter[2];
for(int i = 0; i < A.length; i++)
    B[i] = A[i];
B[0] = c3;
System.out.println("A[0] is " + A[0].getCount());
System.out.println("B[0] is " + B[0].getCount());

Nuke-A-Bird, Inc. sells frozen chicken meals. The company needs to purchase some new freezers for storing inventory. If the freezers are purchased, they will replace old freezers purchased 10 years ago for $105,000, and these are being depreciated on a straight line basis to a zero book value (15-year depreciable life). The old freezers can be sold for $60,000 today, and $2,000 in 5 years. The new freezers will cost $200,000 installed and will be depreciated on a straight-line basis to a book value of 0. The new freezers will have a salvage value of $25,000 at the end of the 5th year. The firm expects to increase its pre-tax revenues by $50,000 per year if the new freezers are purchased, but cash expenses will also increase by $6,000 because the new freezers require greater electrical expense. If the firm's cost of capital is 10 percent and its tax rate on income and capital gains is 34%, what is the NPV of the new freezers? a) What is the after-tax SV of the new machine in 5-years? b) What is the after-tax SV of the old machine today? In 5-years? c) What is the annual difference in the FCFF from the new project? d) Should the old ones be replaced?

Case:

Hedley Valley has been facing long periods of drought which is reducing wheat production. The town depend very much on farming. Wheat is also exported.

The Headley Valley Water Control Board will undertake an irrigation project which will provide 100 million litres of water annually to 200 wheat farms of 150 hectares each to address the problem. The Board will charge $0.05 per litre for the water, which will be distributed equally among the 200 farms.

It is estimated that land rent in Hedley Valley will rise by $60 per hectare per year. 30 farm labourers will be attracted to work at Headley Valley farms from the vineyards of nearby Sunshine Valley, at a minimum wage of $10 per hour. The market wage for the nearby province is $8 per hour. Production of wheat on Headley Valley farms is expected to increase by 2% every year. Currently production of wheat in Headley Valley is 2,000 kg/ha. Yield is expected to double after the implementation of the irrigation project.

1.2: With the information above and any additional information you can find and your own reasonable assumptions, undertake a rough cost-benefit analysis

1.2.1: How will you quantify and monetize all your identified (10)

a. Costs

b. Benefits

c. What time frame will you use and why?

1.2.2: With a spreadsheet estimate (30)

a. The Present Value Cost – Economic

b. The present Value Benefits – Economic

c. Discuss any qualitative costs and benefits

1.2.3: With the following criteria, determine whether the project is economically feasible (10)

a. Net Present Value Criteria

b. Benefit-Cost Ratio

Thank you.

1. In a sample of 350 students selected from a large college of business, 25% are found to be marketing majors. The 25% is a statistic.

True                 False

2. Lily has been keeping track of what she spends to eat out. The last week's expenditures for meals eaten out were $5.69, $5.95, $6.19, $10.91, $7.49, $14.53, and $7.66. What is the mean amount Lily spends on meals?

__________________

3. Monthly rent in dollars for a sample of 10 stores in a small town in South Dakota are as follows: 220, 216, 220, 205, 210, 240, 195, 235, 204, and 250. What is the sample mean?

__________________

4. Suppose that a firm's sales were $2,500,000 four years ago, and sales have grown annually by 25%, 15%, -5%, and 10% since that time. What was the geometric mean growth rate in sales over the past four years?

                                                                                                __________________

5. The data set 10, 20, 30 has the same variance as the data set 100, 200, 300.

True                 False

6. The values for a sample taken from a particular population are listed below. Calculate the standard deviation for the sample values.

9     14     18     21

                                                __________________

7. A basketball player has the following points for seven games: 20, 25, 32, 18, 19, 22, and 30. Compute the coefficient of variation.

__________________

8. According to the Empirical Rule, if the data form a bell shaped normal distribution, approximately ________ % of the observations will be contained within two standard deviations.

9. In a bell-shaped distribution, there is no difference in the values of the mean, median, and mode.

True                 False

10.A data sample has a mean of 107, a median of 122, and a mode of 134. The distribution of the data is positively skewed.

True                 False

MSI is considering eliminating a product from its ToddleTown Tours collection. This collection is aimed at children one to three years of age and includes “tours” of a hypothetical town. Two products, The Pet Store Parade and The Grocery Getaway, have impressive sales. However, sales for the third CD in the collection, The Post Office Polka, have lagged the others. Several other CDs are planned for this collection, but none is ready for production.

MSI’s information related to the ToddleTown Tours collection follows:

      
*Allocated based on total sales dollars.

MSI has determined that elimination of the Post Office Polka (POP) program would not impact sales of the other two items. The remaining fixed overhead currently allocated to the POP product would be redistributed to the remaining two products.

Required:
1. Calculate the incremental effect on profit if the POP product is eliminated.



2. Should MSI drop the POP product?

3-a. Calculate the incremental effect on profit if the POP product is eliminated. Suppose that $2,000 of the common fixed costs could be avoided if the POP product line were eliminated.



3-b. Should MSI drop the POP product?

MSI is considering eliminating a product from its ToddleTown Tours collection. This collection is aimed at children one to three years of age and includes “tours” of a hypothetical town. Two products, The Pet Store Parade and The Grocery Getaway, have impressive sales. However, sales for the third CD in the collection, The Post Office Polka, have lagged the others. Several other CDs are planned for this collection, but none is ready for production.  

MSI’s information related to the ToddleTown Tours collection follows:  

*Allocated based on total sales revenue.      

MSI has determined that elimination of the Post Office Polka (POP) program would not impact sales of the other two items. The remaining fixed overhead currently allocated to the POP product would be redistributed to the remaining two products.  

Required:
1. Calculate the incremental effect on profit if the POP product is eliminated.

   

2. Should MSI drop the POP product?

   

3-a. Calculate the incremental effect on profit if the POP product is eliminated. Suppose that $3,700 of the common fixed costs could be avoided if the POP product line were eliminated.

   

3-b. Should MSI drop the POP product?

You are a financial adviser and the following information is an extract of data you gathered as part of fact finding during an initial client consultation for married couple Janet and Steven Blake. Janet works as a Teacher and Steven works as town planner at the local government. The have two children who are aged 12 and 14.

The Blake’s have diversified their investments by investing equally in a bank savings account, a fund and some Macquarie Group Ltd Shares. Their risk profile is equivalent to that of a growth investor. They have come to you understand how they should invest in the future.

Income for year ended 30^th June 2018:

Current Assets and Liabilities

Required:

Review the Blake’s investment portfolio and explain whether they are diversified adequately. Consider both investments across different asset classes and investments within classes. Make two recommendations on how they should change their portfolio for future investments and justify these recommendations.

A. Please read the following situation statement and answer the questions that follow:

While traveling on business with a co-worker, you spend quite a few evenings having dinner and cocktails with your co-worker’s extended family that lives in town. After each of these meals your co-worker charges the entire meal to his corporate credit card, which he then submits as a business expense as part of his travel expense report. As these meals were not overly extravagant, the total value is small enough to get “lost” in the overall expense report, thus considered to be insignificant from the perspective of your co-worker.

Would the inclusion of these meals on his corporate expense report be considered fraudulent?

Does the low dollar value of these transactions impact your opinion?

If you consider this activity potentially fraudulent, do you have a responsibility to report the activity? If so, to whom?

If you confronted your co-worker and his response was, “You are correct, that was a mistake on my part. I did not realize that I was improperly handling these expenses. I will be sure to pay them with my own personal funds once the bill is received,” would you take further action and report the incident or consider it settled based on the conversation?

B. Please answer each of the following questions in paragraph form providing examples and support from the chapter readings and other sources:

What is the difference between fraud and error?

Is there evidence to support the notion that instances of fraud have increased at a rapid rate? Provide insight into the driver(s) of this issue.

Please provide the description and at least one example of each type of fraud:

Employee embezzlement

Management fraud

Investment scam

Vendor fraud

Customer fraud

Miscellaneous fraud

5) The police think that the true murderer is extremely smart. Examine the information below concerning test scores. You can safely eliminate any suspect who did not score in the 98^th percentile. For each suspect, sketch a graph of the distribution and the approximate location of the score to help you compute the percentile.

(a) The crazy mom scored a 168 on the quantitative portion of the GRE. GRE scores are normally distributed with a mean quantitative score of 151.3 and a standard deviation of 7.7.

(b) The neighbor with a stockpile of toilet paper scored a 770 on the GMAT. GMAT scores are normally distributed with a mean score of 563 and a standard deviation of 94.

(c) The self-proclaimed social media influencer scored 125 on a free online IQ test that was advertised on Facebook. IQ test scores are normally distributed with a mean score of 100 and a standard deviation of 15.

d) The police believe that the murder, which took place Tuesday afternoon, must have occurred in a location with very few visitors since no one has come forward as a witness. You can eliminate a location if the mean number of visitors on a Tuesday afternoon is greater than 15. Perform a hypothesis test for each possible murder location with α = 0.05. For simplicity, assume that all assumptions are satisfied.

The statistics collected from 10 Monday afternoons at each of the possible murder locations are recorded below.

(e) The abandoned X-bar Pool Hall: x̄ = 17, s = 3.8

(f) The Two-Tailed Tower: x̄ = 16, s = 1.1

(g) The Chi-Square town square: x̄ = 16, s = 2.2