What are the requirements to become CPA in Texas and in New Mexico? What are the similarities/differences between both states ( Texas and New Mexico) to become CPA?

1. Describe the significance of phase 4 in the process of new drug approval. What is a goal of postmarketing surveillance (PMS) in a new drug approval process?

What new technologies are impacting accounting processes? From your outside readings and research, briefly illustrate the use of a new technology in transaction processing.

6. A standard drug is used to treat a certain disease. The probability with which the drug is effective is 0.85. A new drug is developed and it is desired to determine if the new drug performs better than the standard. An experiment was conducted with which 300 people are given the new drug.

a. State symbolically the null and alternative hypotheses.

b. What is the critical value and rejection region of the proposed test?

c. If in fact, the success rate of the drug is 0.9, what is the power of the test?

d. When the experiment was actually carried out, it was found that the new drug was effective in 269 of the patients. Find the p-value of the test.

A New Zealand company produces 20,000 ounces of gold per year. It uses 30% of its production for making gold jewelry sold at a fixed price through stores in Australia and New Zealand, and the rest is sold on the market, where the gold price is determined in US dollars. Australia’s profits are repatriated to New Zealand. The company’s CEO wants to use futures contractc to hedge the entire production. He calls you to seeks your opinion. Recommend a seinsble hedge stragtegy that would be in line with the CEO’s wishes (assume x is the quantity used for making gold jewelry in the New Zealand)

Calculate component cost of capital and WACC for major expansion program assuming that entire capital is raised from new bonds, preferred stock and retained earnings.

– Tax rate = 40%.

– 15-year, 12% coupon, semiannual payment noncallable bonds sell for $1,153. New bonds will be privately placed with no flotation cost.

– 10%, $100 par value, perpetual preferred stock sells for $111.10. New preferred stocks are issued at 5% flotation cost

– Common stock sells for $50. D0 = $4.19 and g = 5%. Flotation cost for new stock issued is 15%

6. A standard drug is used to treat a certain disease. The probability with which the drug is effective is 0.85. A new drug is developed and it is desired to determine if the new drug performs better than the standard. An experiment was conducted with which 300 people are given the new drug.

a. State symbolically the null and alternative hypotheses.

b. What is the critical value and rejection region of the proposed test?

c. If in fact, the success rate of the drug is 0.9, what is the power of the test?

d. When the experiment was actually carried out, it was found that the new drug was effective in 269 of the patients. Find the p-value of the test.

Yummy Pizza Co. is looking to purchase a new woodfire pizza oven that cost $25000. This new oven will replace their current fully depreciated oven that they can sell for $2500. The new oven will allow the company to produce more pizzas which will result in new sales of $15000 per year with increased costs of $7500 . They expect to be able to sell the pizza oven at the end oif 10 years for $2000 and will be straight line depreciated over the 10-period to zero. Yumm has marginal tax rate of 34% and its require rate of return is 10%. What is the NPV for this project?

Bruno Corporation is involved in the business of injection molding of plastics. It is considering the purchase of a new computer-aided design and manufacturing machine for $437,500. The company believes that with this new machine it will improve productivity and increase quality, resulting in an increase in net annual cash flows of $100,453 for the next 6 years. Management requires a 10% rate of return on all new investments. Click here to view PV table.

Calculate the internal rate of return on this new machine. (Round answer to 0 decimal places, e.g. 10. For calculation purposes, use 5 decimal places as displayed in the factor table provided.)