Q3. PLEASE SHOW ALL WORKING

If any parts of the question use values from earlier parts, use the EXACT values from earlier parts.

QUESTION START An investor buys 1 share of ABC Ltd at the price of $32 on December 1, 2019. The firm is not expected to pay any dividends. Consider the following three possible scenarios for the share price on December 1, 2020: $50 with a probability of 20% $34 with a probability of 50% $27 with a probability of 15% $20 with a probability of 15%

a) Calculate the expected return for holding the share for a year.

b) Calculate the variance of return and standard deviation of return.

c) Explain the concept of diversification. Explain the benefit of diversification and how it works.

d) “The standard deviation of a portfolio's return can be reduced to zero by holding all the securities in the market.” True or false? Explain.

24) In a ciriminal case, the plaintiff must prove the case by the preponderance of the evidence

True

False

25) The President of the United States

27) The President of the United States

28) Punitive damages are intended to:

29) The three branches of government in the United States are the:

30) Promissory estoppel can be a substitute for consideration.

True

False

Please explain answer and show steps

Which two statements describe the IP address 10.16.3.65/22? (Choose two)

1. The subnet address is 10.16.3.0 255.255.252.0.
2. The lowest host address in the subnet is 10.16.0.1 255.255.252.0.
3. The last valid host address in the subnet is 10.16.3.255 255.255.252.0
4. The broadcast address of the subnet is 10.16.3.255 255.255.252.0.
5. The network is not subnetted.

Which IP addresses are valid for hosts belonging to the 10.1.160.0/20 subnet? (Choose three)

1. 10.1.169.0
2. 10.1.176.1
3. 10.1.175.254
4. 10.1.160.0
5. 10.1.175.255
6. 10.1.160.255

Which one of the following IP addresses is the last valid host in the subnet using mask 255.255.255.192?

1. 192.168.2.60
2. 192.168.2.61
3. 192.168.2.62
4. 192.168.2.63
5. 192.168.2.32

An administrator is working with the 192.168.4.0 network, which has been subnetted with a /27 mask. Which two addresses can be assigned to hosts within the same subnet? (Choose two)

1. 192.168.4.30
2. 192.168.4.31
3. 192.168.4.32
4. 192.168.4.33

Foods’ (BF) balance sheet shows a total of $25 million long-term debt with a coupon rate of 8.50%. The yield to maturity on this debt is 8.00%, and the debt has a total current market value of $27 million. The balance sheet also shows that the company has 10 million shares of stock, and the stock has a book value per share of $5.00. The current stock price is $20.00 per share, and stockholders' required rate of return, r_s, is 12.25%. The company recently decided that its target capital structure should have 35% debt, with the balance being common equity. The tax rate is 40%. Calculate WACCs based on book, market, and target capital structures, and then find the sum of these three WACCs.

You must show your work step-by-step and write 4 lines for each problem to explain your approach of finding the solution.

Alabama Industries manufactures and wholesales small tools. It sells the tools to a large group of regular customers and makes most sales by telephone to this group. Additionally, it receives orders online by its sales team who signs up new customers within the sales area. In the past, Alabama Industries has had trouble with customers who do not pay their accounts on time. Despite instructing the sales team not to make sales to customers before their creditworthiness has been assessed, sales are still being made to new customers before their limits have been set and to existing customers beyond their credit limit. Also, an economic downturn has started to impact its customers, and Alabama’s management is concerned about the possibility of increasing bad debts.

1a. What sort of preventive control could be used to deal with the problems faced by Alabama Industries? Explain how the control would work.

1b. Assume the preventive control is implemented, and during this year there have been no sales to customers that have taken any customer beyond its credit limit. What are two possible explanations for this that the auditor must consider?

1c. If an auditor finds two sales transactions during the year that exceed a customer’s credit limit at the time of the sale, what conclusion would the auditor draw from this evidence? What other evidence could the auditor consider before concluding that the preventive control has failed?

A) A local bakery has determined a probability distribution for the number of cheesecakes that they sell in a given day. Let xx equal the number of cheesecakes sold on a randomly selected day.

What is the probability of selling 15 cheesecakes in a given day?

P(x=15)=P(x=15)=

What is the probability of selling at least 10 cheesecakes?

P(x≥10)=P(x≥10)=

What is the probability of selling 5 or 15 cheesecakes?

P(x=5P(x=5 or x=15)=x=15)=

What is the probability of selling 25 cheesecakes?

P(x=25)=P(x=25)=

What is the probability of selling at most 10 cheesecakes?

P(x≤10)=P(x≤10)=

Give the expected number of cheesecakes sold on any given day using the discrete probability distribution?

μ=μ=

B)

Consider the discrete random variable XX given in the table below. Calculate the mean, variance, and standard deviation of XX. Also, calculate the expected value of XX. Round solution to three decimal places, if necessary.

μμ =


σ2σ2 =


σσ =


What is the expected value of XX?

E(X)=E(X)=

C)

The probability distribution for the number of students in statistics classes at IRSC is given, but one value is missing. Fill in the missing value, then answer the questions that follow. Round solutions to three decimal places, if necessary.

Find the mean number of students in a Statistics class at IRSC:
μ=μ=  

Find the standard deviation of the number of students in a Statistics class at IRSC:
σ=σ=  

D)

The following table gives the probability distribution of a discrete random variable XX. Use the table to find the following probabilities. Round solutions to three decimal places, if necessary.

P(x=2)=P(x=2)=

P(x≤4)=P(x≤4)=

P(x≥1)=P(x≥1)=

P(1≤x≤3)=P(1≤x≤3)=

The shape of the probability distribution is Select an answer uniform skewed left symmetric skewed right  .

E)

The following table gives the frequencies of the nest size (number of eggs) of 199 Great Blue Heron nests recorded on a recent survey in Indian River County. Use the data to construct a discrete probability distribution.

Construct the probability distribution of xx, where xx is the number of eggs in a randomly selected Great Blue Heron nest in Indian River County. Round solutions to three decimal places, if necessary.

F)

A large fast-food restaurant is having a promotional game where game pieces can be found on various products. Customers can win food or cash prizes. According to the company, the probability of winning a prize (large or small) with any eligible purchase is 0.116.

Consider your next 33 purchases that produce a game piece. Calculate the following:

This is a binomial distribution. Round your answers to 4 decimal places.

a) What is the probability that you win 4 prizes?

b) What is the probability that you win more than 5 prizes?

c) What is the probability that you win between 3 and 5 (inclusive) prizes?

d) What is the probability that you win 3 prizes or fewer?

1. Why is it acceptable for financial accounting to be imprecise?

2. What is materiality?

3. How is materiality determined?

4. What is a misstatement?

5. When is a misstatement considered fraud?

6. Give three examples of uncertainties faced by businesses.

7. Define “U.S. GAAP.”

8. Why is GAAP so important to the capital market system in the United States?

9. Who creates U.S. GAAP?

10. Define “asset” and give an example of one.

11. Define “liability” and give an example of one.

12. Define “revenue.”

13. Define “expense.”

4. Chipotle^TM offers three items: tacos, burritos, and bowls at the price and variable costs below. The restaurant has a fixed cost of $50,000, and average sales for the items are like below. Answer the following.

1. a) What is the sum of weighted contribution margin % (ΣW_iCM_%i) of Taco, Burrito, and Bowl?

1. b) What is the breakeven sales level in dollars (BE_$) ?

1. c) What is the desired sales revenue (S_$) in order to generate profit of $15,000?

I have identified Walmart's Neighborhood Market, a subsegment of Walmart, as an oligopolistic market structure.

I need to answer the following:

Assess how this type of market structure impacts Neighborhood Market's financial performance as measured by performance variables over the past three years. Support your response with data and graphs illustrating two performance variables of your choosing (e.g., sales, net income, stock price) over time.

I want to focus on Revenue and Stocks and Earnings Per Share as the two variables

Cited resources and scholorarly studies are appreciated.

Answer True or False

1. Recognition is the process of formally recording or incorporating an item into the financial statements.
2. When initially recording the cost of land purchased, most companies use the current value.
3. Under the accrual method expenses are recognized when revenue is earned.
4. Most companies use the cash basis of accounting.
5. Three months before year end Billings Company signed a $100,000 12%, 6- month note. Principal and interest will be paid at maturity. No interest should be accrued at year-end because the company has no obligation to pay the interest until the note matures.