Questions
According to the Normal model N(0.056,0.031) describing mutual fund returns in the 1st quarter of 2013,...

According to the Normal model N(0.056,0.031) describing mutual fund returns in the 1st quarter of 2013, determine what percentage of this group of funds you would expect to have the following returns. Complete parts(a) through(d) below. a) Over 6.8% b) Between 0% and 7.6% c) More than 1% d) Less than 0% Need to find the expected percentage of returns for each of the above.

In: Statistics and Probability

According to the Normal model ​N(0.059 ​,0.028 ​) describing mutual fund returns in the 1st quarter...

According to the Normal model ​N(0.059 ​,0.028 ​) describing mutual fund returns in the 1st quarter of​ 2013, determine what percentage of this group of funds you would expect to have the following returns. Complete parts​ (a) through​ (d) below. ​a) Over​ 6.8%? ​b) Between​ 0% and​ 7.6%? ​c) More than​ 1%? ​d) Less than​ 0%?

In: Statistics and Probability

MC0102: A student has a nickel, dime, quarter, and half-dollar (yes - let's just pretend) in...

MC0102: A student has a nickel, dime, quarter, and half-dollar (yes - let's just pretend) in her pocket. If she pulls 3 coins out of her pocket without replacement, what is the sample space of simple events? Assume that the order that she pulls out the coins does not matter (so pulling N, D, Q is the same as pulling Q, D, N, etc.). N=Nickel, D=Dime, Q=Quarter, and H=Half-dollar.

a.

12 outcomes {N, D, Q, H, N, D, Q, H, N, D, Q, H}

b.

4 outcomes: {N, D, Q, H}

c.

3 outcomes: {Coin1, Coin2, Coin3}

d.

4 outcomes: {NDQ, NDH, NQH, DQH}

e.

None of these

MC0302: Which of the following are true about independent events A and B?

I: Events A and B cannot both occur.

II: Whether event A occurs has no impact on the probability of event B, and vice versa.

III: P(A and B) = P(A) * P(B)

a.

I only

b.

II only

c.

III only

d.

I and II only

e.

I and III only

f.

II and III only

g.

I, II, and III

h.

None of these

MC0402: Suppose there are two events, A and B.

The probability of event A is P(A) = 0.3.

The probability of event B is P(B) = 0.4.

The probability of event A and B (both occurring) is P(A and B) = 0.

Events A and B are:

a.

Complementary events

b.

The entire sample space

c.

Independent events

d.

Mutually exclusive events

e.

None of these

In: Statistics and Probability

Castor, Inc., is preparing its master budget for the quarter ended June 30. Budgeted sales and...

Castor, Inc., is preparing its master budget for the quarter ended June 30. Budgeted sales and cash payments for merchandise for the next three months follow:

Budgeted April May June
Sales $ 30,800 $ 41,200 $ 25,200
Cash payments for merchandise 22,600 15,600 16,000


Sales are 75% cash and 25% on credit. All credit sales are collected in the month following the sale. The March 31 balance sheet includes balances of $13,200 in cash, $13,200 in accounts receivable, $12,200 in accounts payable, and a $3,200 balance in loans payable. A minimum cash balance of $13,200 is required. Loans are obtained at the end of any month when a cash shortage occurs. Interest is 1% per month based on the beginning-of-the-month loan balance and is paid at each month-end. If an excess balance of cash exists, loans are repaid at the end of the month. Operating expenses are paid in the month incurred and include sales commissions (10% of sales), shipping (3% of sales), office salaries ($6,200 per month), and rent ($4,200 per month).

Prepare a cash budget for each of the months of April, May, and June. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign. Round your final answers to the nearest whole dollar.)

In: Accounting

American Express Co. (AXP) pays a dividend of $1.16 a share each quarter. If you choose...

  1. American Express Co. (AXP) pays a dividend of $1.16 a share each quarter. If you choose not to invest in American Express, you could also get a risk free interest rate of 4%. How much is a share of AXP stock worth if the dividend were expected to grow at 2% annually? What assumptions were needed to do this problem?
  2. Suppose we think the spot price of bananas will be $954/metric ton in 3 months. Bananas are selling for $922 in the futures market. How can use this futures contract to speculate?
  3. Assume you have a put option on a common stock from Nike, Inc. (NKE). NKE currently trades at $65. The put option has a strike price of $62 and the premium is $4.45. What are the intrinsic value and the time value of the option? What factors play a role in determining each?

In: Finance

You buy 100 shares of Apple common stock at a price of $60.98. One quarter later,...

You buy 100 shares of Apple common stock at a price of $60.98. One quarter later, you collect a dividend of $1.73 per share and sell your stock for $67.44 per share. What is the rate of return on your investment? (You may ignore commissions and taxes.)

Do not round at intermediate steps in your calculation. Express your answer in percent. Round to two decimal places. Do not type the % symbol. If the return is negative, then include a minus sign.

In: Finance

According to the Normal model N(0.061,0.028​) describing mutual fund returns in the 1st quarter of​ 2013,...

According to the Normal model N(0.061,0.028​) describing mutual fund returns in the 1st quarter of​ 2013, determine what percentage of this group of funds you would expect to have the following returns. Complete parts​ (a) through​ (d) below.

​a) Over​ 6.8%?

​b) Between​ 0% and​ 7.6%?

​c) More than​ 1%?

​d) Less than​ 0%?

​a) The expected percentage of returns that are over​ 6.8% is _____%.

​(Type an integer or a decimal rounded to one decimal place as​ needed.)

​b) The expected percentage of returns that are between​ 0% and​ 7.6% is ______%.

​(Type an integer or a decimal rounded to one decimal place as​ needed.)

​c) The expected percentage of returns that are more than​ 1% is _____%.

​(Type an integer or a decimal rounded to one decimal place as​ needed.)

​d) The expected percentage of returns that are less than​ 0% is ______%.

​(Type an integer or a decimal rounded to one decimal place as​ needed.)

In: Statistics and Probability

Castor, Inc., is preparing its master budget for the quarter ended June 30. Budgeted sales and...

Castor, Inc., is preparing its master budget for the quarter ended June 30. Budgeted sales and cash payments for merchandise for the next three months follow:

Budgeted April May June
Sales $ 30,800 $ 41,200 $ 25,200
Cash payments for merchandise 22,600 15,600 16,000


Sales are 75% cash and 25% on credit. All credit sales are collected in the month following the sale. The March 31 balance sheet includes balances of $13,200 in cash, $13,200 in accounts receivable, $11,000 in accounts payable, and a $3,200 balance in loans payable. A minimum cash balance of $13,200 is required. Loans are obtained at the end of any month when a cash shortage occurs. Interest is 1% per month based on the beginning of the month loan balance and is paid at each month-end. If an excess balance of cash exists, loans are repaid at the end of the month. Operating expenses are paid in the month incurred and include sales commissions (10% of sales), shipping (3% of sales), office salaries ($4,200 per month), and rent ($6,200 per month).

Prepare a cash budget for each of the months of April, May, and June. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign. Round your final answers to the nearest whole dollar.)

In: Accounting

Quarter 8 is the final course prior to taking your NCLEX license exam to legally practice...

Quarter 8 is the final course prior to taking your NCLEX license exam to legally practice the profession of nursing. As a nursing student you have been exposed to theory, clinical experiences, simulations, and skills. To prepare for licensing, what strategies will you employ to ensure a successful NCLEX outcome? Describe 3-4 strategies you will utilize to promote your success.

In: Nursing

How would you interpret the below financials? Income Statement - Quarter 3       Gross Revenue...

How would you interpret the below financials?

Income Statement - Quarter 3
     
Gross Revenue    3,182,084 100.0%
- Commissions       285,359    9.0%
- Refunds       187,743    5.9%
+ Interest Income                  -      0.0%
Net Revenue       2,708,982 85.1%
     
Flight Operations       646,112    20.3%
Fuel       573,887    18.0%
Maintenance       565,530    17.8%
Passenger Service       443,330    13.9%
Cabin/Food Service         45,478    1.4%
Insurance         66,000    2.1%
Marketing Expenses         31,000    1.0%
Add. Employee Compensation           8,400    0.3%
Quality and Training           4,000    0.1%
Hiring/On-Job-Training Costs         18,000    0.6%
Social Performance Budget               500    0.0%
Market Research Cost                  -      0.0%
Interest Expense         33,977    1.1%
Lease Payment       502,000    15.8%
Administrative Exp       200,000    6.3%
Depreciation           5,000    0.2%
Other Expense           6,771    0.2%
Total Operating Expense       3,149,985 99.0%
Operating Profit/Loss        (441,003) -13.9%
     
Net Cargo Profit           3,820    0.1%
Other Income                  -      0.0%
Profit Before Tax        (437,183) -13.7%
     
Less Income Tax (40%)                  -      0.0%
Net Profit        (437,183) -13.7%
Dividends Paid                     -   0.00/sh
Current QuarterYear To-Date
Balance Sheet - Quarter 3
     
Cash             243,678
Short-term Investment                        -     
Accounts Receivable          1,272,834   
Total Current Assets           1,516,512
     
Aircraft Cost                        -     
Less Depreciation                        -     
Net Aircraft                        -     
Facilities/Equipment-Net               65,000   
Total Fixed Assets                 65,000
     
Total Assets           1,581,512
     
Accounts Payable             943,496   
Short-term Loans             937,268   
Total Current Liabilities           1,880,764
     
Long-term Loans             260,439   
Total Liabilities           2,141,203
     
Common Stock          1,525,000   
Retained Earnings        (2,084,690)   
Total Equity             (559,690)
     
Total Liabilities & Equity           1,581,513
Cash Flow - Quarter 3
     
Beginning Cash              219,281
CD Redemption                         -     
Gross Revenue (60%)           1,909,250   
Accounts Receivable           1,039,620   
Stock Issued                         -     
Loan Proceeds                         -     
Other Income              469,820   
     
Total Cash Inflow (a)           3,637,971
     
Commissions + Refunds              473,102   
Operating Expense (70%)           2,201,489   
Accounts Payable              714,385   
Income Tax                         -     
Total Loan Payments                  5,315   
CD Purchase                         -     
Dividends                         -     
Equipment Purchases                         -     
     
Total Cash Outflow (b)           3,394,291
     
Net Cash (a)-(b)               243,680
Overdraft Loan                         -  
     
Ending Cash               243,680
     
  
     

In: Accounting