Suppose you are given the following end of year stock price data for Random Inc. stock. Assume the returns are normally distributed, calculate the minimum value that an investor eared during any given year of the sample. (Enter percentages as decimals and round to 4 decimals).
| Year | Price |
| 2005 | 43.65 |
| 2006 | 44.01 |
| 2007 | 45.77 |
| 2008 | 53.04 |
| 2009 | 45.67 |
| 2010 | 59.05 |
| 2011 | 46.88 |
| 2012 | 49.24 |
| 2013 | 43.99 |
| 2014 | 42.67 |
| 2015 | 48.14 |
In: Finance
Find the average annual growth rate of the dividends for each firm listed in the following table.
Dividend Payment per Year
Firm 2006 2007 2008 2009 2010 2011
Loewen $1.03 $1.05 $1.10 $1.20 $1.27 $1.40
Morse $1.12 $0.95 $0.80 $1.30 $1.20 $1.45
Huddleston $1.00 $2.00 $3.50 $3.90 $4.00 $4.50
Meyer $2.25 $2.00 $2.10 $2.74 $2.85 $2.90
What is the average annual growth rate of the dividends paid by Loewen?
In: Finance
Please, write code in c++. Using iostream and cstring library.
You given a text.Your task is to write a function that will find
the longest sequence of digits inside.
Note that the output have to be presened just like in sample.
Note. The program have to use pointer.
Input:
First line contains one line that is not longer than 1000.
Output:
The longest sequence of numbers.All numbers are positive and
integers.
example:
input: 101 fdvnjfkv njfkvn fjkvn jffdvfdvfd2010
output: 2010
In: Computer Science
Not-So-Fit-Bit is a high-tech company that designs, develops, manufacturers, markets, and services fitness-based wrist bands on a global basis together with software which can be integrated into any mobile phone so that a user can monitor their daily progress toward exercise goals. The Company introduced this innovative product two years ago, and presently has a substantial competitive lead in the market in both product innovation and price/performance. Their worldwide market share for this product currently stands at 85%. At the same time, revenues and net income have increased substantially over the past two years, resulting in a tremendous increase in the company’s stock price and a current Price/Earnings (PE) ratio, which is more than double the average PE ratio of New York Stock Exchange (NYSE) listed firms.
Paul Jones was recently appointed as the CFO of Not-So-Fit-Bit. Paul has worked in the high-tech industry for various firms in various financial capacities, including corporate controller, treasurer, and assistant CFO for 20 years as of the date of his CFO appointment. Paul took over the CFO role right after Not-So-Fit-Bit released record earnings for the fiscal year ended December 31, 2016 and after the company filed its Annual Report on Form 10K for that year. The CEO of Not-So-Fit-Bit, Nancy Fitness, requested a meeting together with Paul and other members of management including engineering, product development, manufacturing, marketing, sales, and service, a few weeks after Paul started as the CFO. In this meeting, Paul noticed that each member of the management team appeared to be totally stressed out, and the tension in the meeting room was high as soon as the meeting began. The meeting started with sales and marketing explaining to the management team that sales had slowed significantly in the first quarter. Engineering management updated everyone with news that Apple had announced a new wrist-band exercise monitoring product line and introduced it to the worldwide market with extensive fanfare two weeks ago, with both pricing and performance that exceeded Not-So-Fit-Bit’s main wrist band product line. Manufacturing reported that significant product quality issues were occurring, especially with the raw materials used in producing the main wrist band product line. The management meeting ended with very few positive comments by the members of the management team present at the meeting.
After the meeting Paul began walking back to his office when Nancy asked him to update the company’s quarterly and coming year’s projections of revenues and net income compared to budgeted levels. The company’s traditional accounting functions, IT, and Internal Audit departments, including the corporate controller report directly to Paul. He noticed that employees from each of these departments including the IT Director, Internal Audit Director, Corporate Controller and many members of their staffs, were working extremely large amounts of overtime and weekends. Paul met with each of these department heads to get an update on the status of the current quarter vs. budgeted revenues and expenses. Paul was led to believe that the company was on target to meet external revenue and profit expectations for the current quarter.
The first quarter ended March 31. The books were closed, and despite the information Paul heard just a few weeks earlier, the company indeed met the current quarter’s revenue and profit expectations.
Please provide an initial response to each question below; then, read your classmates’ responses and respond substantively to at least two of your classmates’ initial responses to each question. To make sure you cover the Requirements of this Discussion, I suggest you copy and paste each question below into your initial response:
Which elements (parts) of the fraud triangle can be
applied to the situation occurring at Not-So-Fit-Bit? Be specific
with specific details in your initial response.
Assume that Paul had access to the general ledger. What
types of analysis could Paul have performed to determine if there
was any type of financial statement fraud occurring at
Not-So-Fit-Bit? Again, be specific.
Looking at the 2016 ACFE Fraud Report to the Nations and
given the information in this case, what are some of the potential
financial statement frauds that could be occurring at
Not-So-Fit-Bit? Again, be specific, and address the potential
involvement of IT, Internal Audit, and the Corporate
Controller.
In your opinion, should the Internal Audit Department report to the CFO of this Company? If so, why? If not, to whom should the Internal Audit Department and the Internal Audit Director report to, and why? Be specific.
In: Accounting
Recall the survey you took during the first week of class. One
of the questions was “do you agree
that it is inappropriate to speak on a cellphone while at a
restaurant?” Of the 1913 females that
responded to the survey, 1729 agreed with this statement. Of the
1276 males that responded to this
survey, 1111 agreed with this statement. Test to see if there is
any difference between males and
females with respect to how they feel about this issue. Use a
significance level of .05.
(a) State the appropriate null and alternative hypotheses.
(b) Calculate the test statistic and report the p-value.
(c) State your conclusion in context of the problem.
(d) Based only on the results of the hypothesis test, would you
expect a 95% confidence interval to
include 0? Explain.
(e) Calculate and interpret a 95% confidence interval for the difference between males and females.
2. In a recent baseball World Series, the Houston Astros were
ordered to keep the roof of their stadium
open. The Houston team claimed that this would make them lose a
home-field advantage, because
the noise from fans would be less effective. During the regular
season, Houston won 36 of 53 games
played with the roof closed, and they won 15 of 26 games played
with the roof open. Treat these
results as a simple random sample of games. Use a significance
level of 0.05 to test the claim that
the proportion of wins at home is higher with a closed roof than
with an open roof. Does the closed
roof appear to be an advantage?
(a) State the null and alternative hypotheses to determine whether
the closed roof is an advantage.
(b) The test statistic for the above test was z = 0.89 which
gives us a p-value of 0.1858. State a
conclusion in context of the problem.
(c) Based on the results of the hypothesis test, would you
expect a confidence interval to include
0. Why or why not?
3. In a study of the effects of marijuana use during pregnancy,
measurements on babies of mothers who
used marijuana during pregnancy were compared to measurements on
babies of mothers who did
not. A 95% confidence interval for the difference in mean head
circumference μ1 − μ2 (μ1 is mean
for mothers who don’t use marijuana and μ2 is the mean for mothers
who use marijuana) was 0.61
to 1.19 cm.
(a) Interpret this confidence interval in context of the
problem.
(b) Based on the confidence interval, what can we say about the
p-value of the following hypothesis
test: H0 : μ1 = μ2 versus H1 : μ1 > μ2 at the 0.05 significance
level? State your conclusion for
the test.
In: Statistics and Probability
A partial trial balance of Novak Corporation is as follows on December 31, 2021. Dr. Cr. Supplies $2,600 Salaries and wages payable $1,300 Interest Receivable 5,000 Prepaid Insurance 89,600 Unearned Rent 0 Interest Payable 14,900 Additional adjusting data:
1. A physical count of supplies on hand on December 31, 2021, totaled $1,000.
2. Through oversight, the Salaries and Wages Payable account was not changed during 2021. Accrued salaries and wages on December 31, 2021, amounted to $4,700.
3. The Interest Receivable account was also left unchanged during 2021. Accrued interest on investments amounts to $4,200 on December 31, 2021.
4. The unexpired portions of the insurance policies totaled $70,800 as of December 31, 2021.
5. $25,800 was received on January 1, 2021, for the rent of a building for both 2021 and 2022. The entire amount was credited to rent revenue.
6. Depreciation on equipment for the year was erroneously recorded as $4,500 rather than the correct figure of $45,000.
7. A further review of depreciation calculations of prior years revealed that equipment depreciation of $6,400 was not recorded. It was decided that this oversight should be corrected by a prior period adjustment. Assuming that the books have not been closed, what are the adjusting entries necessary at December 31, 2021? (Ignore income tax
Assuming that the books have been closed, what are the adjusting entries necessary at December 31, 2021? (Ignore income tax considerations.)
Pass the necessary adjusting entries for the following taking
into account income tax effects (40% tax rate) and assuming that
the books have been closed. (Round answers to 0 decimal
places, e.g. 5,275. Credit account titles are automatically
indented when amount is entered. Do not indent manually. If no
entry is required, select "No Entry" for the account titles and
enter 0 for the amounts.)
| 1. | Depreciation on equipment for the year was erroneously recorded as $4,500 rather than the correct figure of $45,000. | |
|---|---|---|
| 2. | A further review of depreciation calculations of prior years revealed that equipment depreciation of $6,400 was not recorded. It was decided that this oversight should be corrected by a prior period adjustment. |
Pass the necessary adjusting entries for the following taking into account income tax effects (40% tax rate) and assuming that the books have been closed. (Round answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
In: Accounting
Exercise 7-7A Effect of recognizing uncollectible accounts on the financial statements: percent of receivables allowance method LO 7-2
[The following information applies to the questions
displayed below.]
Leach Inc. experienced the following events for the first two years
of its operations:
Year 1:
Year 2:
Exercise 7-7A Effect of recognizing uncollectible accounts on the financial statements: percent of receivables allowance method LO 7-2
[The following information applies to the questions
displayed below.]
Leach Inc. experienced the following events for the first two years
of its operations:
Year 1:
Year 2:
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In: Accounting
| Year | Microsoft | Apple | Market | ||
| Jan 2010 - Dec 2010 | 1 | -0.34% | 3.85% | 14.93% | |
| Jan 2011 - Dec 2011 | 2 | -0.37% | 2.09% | 2.06% | |
| Jan 2012 - Dec 2012 | 3 | 0.40% | 2.87% | 15.84% | |
| Jan 2013 - Dec 2013 | 4 | 2.81% | 0.38% | 32.21% | |
| Jan 2014 - Dec 2014 | 5 | 1.91% | 3.05% | 13.53% | |
| Jan 2015 - Dec 2015 | 6 | 1.75% | -0.45% | 1.34% | |
| Jan 2016 - Dec 2016 | 7 | 1.37% | 1.24% | 11.80% | |
| Jan 2017 - Dec 2017 | 8 | 2.72% | 3.41% | 21.69% | |
| Jan 2018 - Dec 2018 | 9 | 1.41% | -0.33% | -4.45% | |
| Jan 2019 - Dec 2019 | 10 | 4.06% | 5.89% | 31.29% | |
| Average Return | 1.57% | 2.20% | 14.02% | ||
| Std Deviation | 1.42% | 2.02% | 12.21% | ||
| Correlation with the market | 0.61 | 0.57 | 1.00 | ||
| Beta | 0.07 | 0.09 | 1.00 | ||
|
Beta Calculation |
||||||
| Run a regression line of past returns on Stock I versus returns on the market. The regression line is the characteristic line. | ||||||
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In: Finance
Using the procedure outlined in the appendix at the end of the chapter for geometric average growth rates (in the section titled "Calculating Average (Compound) Growth Rates," reproduce the "Implied (Average) Annual Growth" figures (for the following countries: France, Singapore, Botswana, India, and Kenya. GDP values are PPP-adjusted 2005 constant dollars.
Fill in the table below with the geometric average growth rates as a percentage.
(Round
your responses to two decimal
places.)
|
GDP per Capita |
Implied (Average) Annual Growth (%) |
||
|
1960 |
2010 |
||
|
France |
10,212 |
31,299 |
_________ |
|
Singapore |
4,383 |
55,862 |
_________ |
|
Botswana |
674 |
9,675 |
_________ |
|
India |
720 |
3,477 |
_________ |
|
Kenya |
1,020 |
1,247 |
_________ |
Using the procedure outlined in the appendix for finding arithmetic average growth rates, calculate the arithmetic average growth rate for the five countries.
Fill in the table below with the arithmetic average growth rates as a percentage.
(Round
your responses to two decimal
places.)
|
GDP per Capita |
Implied (Average) Annual Growth (%) |
||
|
1960 |
2010 |
||
|
France |
10,212 |
31,299 |
_________ |
|
Singapore |
4,383 |
55,862 |
_________ |
|
Botswana |
674 |
9,675 |
_________ |
|
India |
720 |
3,477 |
_________ |
|
Kenya |
1,020 |
1,247 |
_________ |
Compare the geometric and arithmetic average growth rates.
The arithmetic average
overstates, or neither understates nor overstates, or understates. choose one of the three.
the actual growth rate.
In: Economics
Farm Fresh Produce Co. sells produce wholesale to local groceries on account. The accounts receivable department had the following information on December 31, 2009:
Total Credit sales $400,000.00
Balance of allowance for doubtful accounts ($950.00)
Bad debt as a percentage of credit sales 0.50%
Days Past Due Amount J
J Company 34 5,000.00
H Company 74 950.00
L Company 18 32,000.00
T Company 22 4,350.00
F Company 61 2,000.00
B Company 145 1,750.00
Age Class Percentage Uncollectible
0-30 2%
30-60 5%
60-90 12%
90-120 20%
120+ 75%
Instructions:
1. Create an aging of receivable report and determine the allowance for doubtful accounts.
2. Determine the allowance for doubtful accounts based on the percentage of sales method.
3. Illustrate the effects on the accounts and financial statements using both methods.
4. Illustrate the effects on the accounts and financial statements assuming Farm Fresh Produce Co. wrote off the balance of T Company on April 3, 2010.
5. Illustrate the effects on the accounts and financial statements assuming that T Company paid off its account on May 22, 2010.
In: Accounting