Triple Z, is providing car maintenance services for their customers in England, The Company is aiming to expand their business in the UK by establishing car services stations in Scotland. This project will cost the company £50 million. Triple Z decided to establish a separate company for this project and to name it Z Highlands. Z Highland plans to finance this project using 40% equity and 60% debt. T-bond annual rate 6.0%. Expected return on FTSE500 is 15%. The Variance of FTSE500 returns is 2. The covariance between FTSE500 and Triple Z is 1.6. Triple Z has had no debt for the last 5 years. (i.e. Debt/Equity = 0). The tax rate is 40%. Required: a) Calculate the following:

i) The Beta and cost of equity the Triple Z.

ii) The levered beta and the cost of equity for Z Highlands.

Shop Til you drop: Corporate in the real world

To understand more about corporate culture, visit two retail stores and compare them according to various factors. Go to one discount or low-end store such as Kmart, or Walmart, and to one high-end store, such as Saks Fifth Avenue or Nordstrom. Do not interview any employees, but instead be an observer or a shopper. After your visits, fill out the following table for each store. Spend at least two hours in each store on a busy day and be very observant.

1. The tax officials at the Internal revenue Service (IRS) are constantly working toward improving the wording and format of the tax returns. As part of a larger effort to help taxpayers, the Internal Revenue Service plans to streamline one of the forms into a shorter and simpler form for the 2021 tax season.

2. Upon successful completion of this exercise, the new form, – about half the size of the current version – would replace the previous ones and will be shared with the tax community for the feedback. The new Form uses a “building block” approach, in which the tax return is reduced to a simple form. That form can be supplemented with additional schedules if needed. Taxpayers with straightforward tax situations would only need to file this new form with no additional schedules.

To finalize this exercise, the IRS have developed three new forms, and to determine which, if any, are superior to the current forms, 120 individuals were asked to participate in an experiment. Each of the three new forms and the currently used form were filled out by 30 different people. The amount of time (in minutes) taken by each person to complete the task was recorded. The data collected is attached in the Excel file named: Tax Forms worksheet.

You are expected to analyze the project in two phases:

Phase1:

1. a) Describe the problem background, objective of study and identify the type of scale of measurement for the data

2. b) Use appropriate descriptive statistics to explore and summarize the data for Tax form 2 & 3 and compare their results. Remember to interpret the findings accurately and present them in a clear and coherent way.

3. c) Assuming data for Form 2 is normally distributed, calculate the parentage of people who completed the form between 83.9 and 107.5 minutes (round the descriptive statistics numbers to one decimal)

4. d) If the filling time of all IRS forms is distributed normally with mean of 102 and standard deviation of 8, what is the probability that a randomly selected person could do the tax forms in less than 90 minutes?

e) Referring to problem “d” above, If a randomly selected person is in the top 5 percent of the fastest people who do the tax forms, at least how many minutes should he spent to fill out the form?

"Excel sheet numbers:

Taxpayer Form 1 ------Form 2------- Form 3 ------Form 4

1-------------- 109 ------------115 ----------126 -----------120

2-------------- 98 -------------103 ----------107 -----------108

3 -------------29 --------------27------------ 53------------- 38

4------------ 93 ---------------95 ------------103---------- 109

5------------ 62--------------- 65------------ 67------------- 64

6 -----------103------------- 107----------- 111----------- 128

7------------ 83-------------- 82------------ 101------------ 116

8------------ 122------------ 119----------- 141----------- 143

9 -------------92------------ 101----------- 105------------ 108

10------------ 107--------- 113------------- 127----------- 113

11------------ 103---------- 111------------ 111------------ 108

12------------ 54------------ 64-------------- 67-------------62

13------------ 141---------- 145----------- 142------------160

14------------ 92------------ 94------------- 95-------------102

15 ------------29 -----------32------------- 33---------------62

16----------- 83------------- 83------------ 89-------------- 86

17------------ 34 -----------36 ------------40---------------48

18 ------------83----------- 86------------- 90-------------119

19------------ 157---------- 157----------- 172-----------193

20------------- 99---------- 107------------- 111-----------100

21----------- 118----------- 123------------- 117----------130

22------------ 58----------- 65--------------- 75-------------81

23 ------------66----------- 71---------------- 79------------81

24------------ 60----------- 60--------------- 78------------ 41

25 ------------102---------- 106------------ 100---------- 142

26 -------------128---------- 134------------ 135--------- 142

27---------------87---------- 93------------- 90------------ 77

28--------------126-------- 134----------- 129----------- 154

29----------- -133---------- 130----------- 148----------- 164

30------------ 100----------- 112---------- 107----------- 120

Assuming that the population is normally​ distributed, construct a 90​% confidence interval for the population mean for each of the samples below. Explain why these two samples produce different confidence intervals even though they have the same mean and range.

a. Construct a 90​% confidence interval for the population mean for sample A

b. Construct a 90​% confidence interval for the population mean for sample B

Explain why these two samples produce different confidence intervals even though they have the same mean and range.

A.The samples produce different confidence intervals because their sample sizes are different.

B.The samples produce different confidence intervals because their critical values are different.

C.The samples produce different confidence intervals because their standard deviations are different.

D.The samples produce different confidence intervals because their medians are different.

a) A random sample of 10 hot drinks from Dispenser C had a mean volume of 203 ml and a standard deviation of 3 ml. A random sample of 15 hot drinks from Dispenser F gave corresponding values of 206 ml and 5 ml. The amount dispensed by each machine may be assumed to normally distributed.
i) At 10% level of significance, test the hypothesis that there is no difference in the ratio of variances volume dispensed by the two machines.

ii) Test at 10% level of significance, the hypothesis that there is no difference in the mean volume dispensed by the two machines.

A sociologist wishes to see whether the number of years of college a person has completed is related to her or his place of residence. A sample of 88 people is selected and classified as shown.
Location
No college
Four-year degree
Advanced degree
Urban
15
12
8
Suburban
8
15
9
Rural
6
8
7
Use α = 0.10, test whether a person’s location is dependent on the number of years of college.

Provide the journal entry for the following:

1) Two insurance policies provide the insurance coverage for the law firm. Policy one was purchased on July 1, last year for $2,064 and provides 24 months of liability coverage. Policy two was purchased on January 2, this year for $1,260 and is also a 24 month policy covering the business equipment.

2) Accrued interest on all short-term and long-term notes payable totals $425 for the quarter.

3) The automobile used by the business cost $30,500. It is estimated that this vehicle will depreciated to a salvage value of $4,500 over 5 year period. This is a net cost of $26,000 that will be depreciated over 60 months at $5,200 per year.

The International Air Transport Association surveys business travelers to develop quality ratings for transatlantic gateway airports. The maximum possible rating is 10. Suppose a simple random sample of  business travelers is selected and each traveler is asked to provide a rating for the Miami International Airport. The ratings obtained from the sample of  business travelers follow.

Develop a  confidence interval estimate of the population mean rating for Miami. Round your answers to two decimal places.

You currently have $1, 000 in an account which pays a nominal rate of interest of 8% compounded quarterly. You plan to deposit $200 every two months with the first deposit one month from now. What will be the value of the account one month after the eighteenth deposit?
The answer is 5,331.95 but I dont know how to get it.

If you needed to compare two simulated scenarios, and in one of them a self-driving car is braking up to -3 meters per second squared, in another up to -8 meters per second squared (unit of acceleration), which one do you think is more risky? Please explain your answer or how you arrived to this conclusion.

Consider a Ricardian model. There are two countries called Australia and New Zealand and two goods called beer and cheese. In Australia the unit labour requirement for a beer is 10 hours and for a cheese is 10 hours. In New Zealand the unit labour requirement for a beer is 4 hour and for a cheese is 1 hour. Australia has an endowment of 2000 hours of labour. New Zealand has an endowment of 400 hours of labour.

1 Draw a production possibility frontier (PPF) diagram for Australia and a PPF diagram for New Zealand. Cheese must be on the vertical axis and beer must be on the horizontal axis.

2 For both countries state the opportunity cost of producing a beer.

3 Suppose now that we have trade between the countries and the world price is 2 cheeses for 1 beer. For each country draw in the budget constraint. For each country label the production point on the diagram.

4 Denote the world prices in dollars as PB and PC respectively. Denote the respective quantities of beer and cheese consumed in New Zealand (following trade, of course) as DB and DC . Using this notation, write out an expression for the value of consumption in New Zealand. [Just a one-line answer]

5 Write out the budget constraint for New Zealand. That is, set the value of consumption equal to the value of production. [Again just a one-line answer]

6 Rearrange the budget constraint, showing all the steps, so that DC is on the left-hand side and everything else is on the right-hand side so the vertical intercept and slope are apparent. [Please see the next page]

7 While the ratio of prices is apparent from Question 3, we will assume from here on that PC=$1 and PB=$2. If 100 beers are consumed in New Zealand, how many cheeses will be consumed in New Zealand? Now if only 50 beers are consumed, how many more cheeses will be consumed?

8 For both countries calculate the hourly wage rate once international trade is allowed to take place (obviously for each country there can only be one wage rate in this model).