| Delta, United, and American Airlines announced purchases of planes on July 18 (7/18), February 12 (2/12), and October 7 (10/7), respectively. |
| Delta | United | American | |||||||
| Date | Market Return |
Company Return |
Date | Market Return |
Company Return |
Date | Market Return |
Company Return |
|
| 7/12 | −.34 | −.47 | 2/8 | −.83 | −1.06 | 10/1 | .54 | .27 | |
| 7/13 | .00 | .24 | 2/9 | −.93 | −1.06 | 10/2 | .44 | .67 | |
| 7/16 | .54 | .80 | 2/10 | .44 | .18 | 10/3 | 1.14 | 1.14 | |
| 7/17 | −.54 | −.28 | 2/11 | .64 | 1.66 | 10/6 | .14 | −1.14 | |
| 7/18 | −2.13 | 1.25 | 2/12 | −.34 | −.07 | 10/7 | −2.24 | −.28 | |
| 7/19 | −.88 | −.62 | 2/15 | 1.14 | 1.70 | 10/8 | .54 | .54 | |
| 7/20 | −.93 | −1.09 | 2/16 | .54 | .54 | 10/9 | −.34 | −.18 | |
| 7/23 | .74 | .47 | 2/17 | −.34 | −.18 | 10/10 | .34 | −.08 | |
| 7/24 | .24 | .09 | 2/18 | .34 | .17 | 10/13 | .00 | −.14 | |
|
Given the above information, calculate the cumulative abnormal return (CAR) for these stocks as a group. (A negative answer should be indicated by a minus sign. Leave no cells blank - be certain to enter "0" wherever required. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) |
| Abnormal returns (Ri – RM) | |||||||
| Days from announcement | Delta | United | American | Sum | Average abnormal return | Cumulative abnormal return | |
| −4 | |||||||
| −3 | |||||||
| −2 | |||||||
| −1 | |||||||
| 0 | |||||||
| 1 | |||||||
| 2 | |||||||
| 3 | |||||||
| 4 | |||||||
In: Finance
Case description: Credit and charge card issuer American Express (Amex) had developed a strong reputation among consumers due in part to its Membership Rewards (MR) loyalty program, first established in 1991. Through MR, all Amex cardholders could accumulate and redeem "points" based on how much they spent, while customers with Amex's Gold and Platinum Cards received additional perks. By 2016, however, the U.S. credit card market had become increasingly competitive, with many credit card companies increasing their sign-on point bonuses for new customers. Chris Cracchiolo, Amex's vice president of U.S. loyalty, strategy, and global partnerships, had to decide how to position the MR program in the face of this competition. Should Amex begin offering more competitive sign-on bonuses and point redemption rates, or would this dilute the company's strong brand?
Discussion Question: List and discuss three factors that companies, including American Express, should take into account in designing loyalty programs aimed at attracting and retaining clients. Write at least 3-4 sentences about each factor.
In: Economics
5.1. The sales director of New World Limited has drafted a scheme to increase sales by relaxing credit limits imposed on customers. Sales invoices, at present payable after a one-month credit period, should henceforward be payable after two months. Currently, sales are steady at R500 000 per month, earning a gross profit margin of 18%. If two months’ credit is allowed, sales would increase to R620 000 per month. An extra clerk to account for the new customers will be employed at R15 000 per annum. The finance director fears that extending sales credit will increase the bad debts suffered from 1% of sales to 2% of sales. He is also concerned about the overdraft limit, but the bank manager is very supportive of the scheme, offering extended overdraft facilities at 14% per annum. Evaluate the sales director’s scheme. Also factor in the cost of carrying the debtors as part of your calculation. Perform these calculations based on yearly figures. (12)
5.2. List three (3) methods which may be used to ensure the proper control of accounts receivable
In: Computer Science
USING MICROSOFT ACCESS
ABC Exterminator serves customers in Queens. The technician travels to a customer’s home to exterminate pests, such as termites, ants and rats. The technician inspects the home, and then decides which chemical to use. The customers are charged only for the chemical used.
ABC has three technicians. Each technician covers 2 ZIP code areas. Technician’s zip code areas do not overlap with the zip code areas of other technicians. The company serves only 6 Zip code areas in Queens. The company sends out bills once a month at end of month.
1. Create_ a database for the Company. Name the database Quiz5--(Your Last_Name)
2. Create five tables as follows:
Customer: CustomerID (text, Primary Key), CustomerName (text), Address (text), ZipCode (text)
Chemical: ChemicalID (text, Primary Key), UnitPrice (Currency)
Technician: TechnicianID (text, primary key), TechnicianName (text), SSN (text)
AreaCoveredByTechnician: Zipcode(text, Primary Key), TechnicianID (text). ( Note this table shows which area is covered by which technician)
Orders: CustomerID, ChemicalID, Quantity, OrderDate (date),OrderID (Text, Primary Key)
In: Operations Management
PC.52 At the start of the semester Custom Kicks personnel were
struggling to quickly customize their shoe inserts to their
customers' feet. This hurt sales as customers became frustrated
during the customization process and would hesitate to refer
friends.
During week three of running the business, it took an average
employee about 25 minutes to customize one pair of inserts.
Recognizing this challenge, management and key employees analyzed
the customization process and made some time-saving changes. Two
weeks later, after training all employees on the new process, an
average employee could customize a pair of inserts in about 18
minutes.
In this case, what is the output that should be
used for productivity calculations?
|
1 pair (of customized inserts) |
||
|
18 minutes |
||
|
25 minutes |
After making the time-saving changes mentioned above, how many pair
of inserts could an average employee complete in one hour? (Display
your answer to two decimal places.)
After making the time-saving changes mentioned above, by what
percentage did Custom Kicks' productivity increase? (Write your
answer as a percentage, and display your answer to
two decimal places.)
%
In: Operations Management
The proprietor of a boutique in New York wanted to determine the average age of his customers. A random sample of 53 customers revealed an average age of 28 years with a standard deviation of 4 years. Determine a 98% confidence interval estimate for the average age of all his customers.
In: Statistics and Probability
The proprietor of a boutique in New York wanted to determine the average age of his customers. A random sample of 53 customers revealed an average age of 28 years with a standard deviation of 4 years. Determine a 98% confidence interval estimate for the average age of all his customers.
In: Statistics and Probability
In: Physics
1–1 What are the three major types of product costs in a manufacturing company?
1–2 Define the following: (a) direct materials, (b) indirect materials, (c) direct labor,
(d) indirect labor, and (e) manufacturing overhead.
1–3 Explain the difference between a product cost and a period cost.
1–4 Distinguish between (a) a variable cost, (b) a fixed cost, and (c) a mixed cost.
In: Accounting
Three identical blocks connected by ideal strings are being pulled along a horizontal frictionless surface by a horizontal force F⃗ . (Figure 1) The magnitude of the tension in the string between blocks B and C is T = 3.00 N . Assume that each block has mass m = 0.400 kg .
a) What is the magnitude F of the force?
b)What is the tension TAB in the string between block A and block B?
In: Physics