Engle Manufacturing Company established the following standard price and cost
information:

Engle expected
to produce and sell 15,000 units. Actual production and sales amounted to 16,000 units.
Required:
(a) Determine the sales volume variances, including variances for number of units, sales
revenue, variable manufacturing cost, fixed manufacturing cost, and fixed selling and
administrative cost.
(b) Classify the variances as favorable (F) or unfavorable (U).
(c) Comment on the usefulness of the variances with respect to performance evaluation.
(d) Explain why the fixed cost variances are zero.

XYZ's stock price and dividend history are as follows:

An investor buys three shares of XYZ at the beginning of 2017, buys another two shares at the beginning of 2018, sells one share at the beginning of 2019, and sells all four remaining shares at the beginning of 2020.

a. What are the arithmetic and geometric average time-weighted rates of return for the investor? (Round your year-by-year rates of return and final answer to 2 decimal places. Do not round other calculations.)

b. What is the dollar-weighted rate of return? (Hint: Carefully prepare a chart of cash flows for the four dates corresponding to the turns of the year for January 1, 2017, to January 1, 2020. If your calculator cannot calculate IRR, you will have to use trial and error or a spreadsheet program.) (Round your answers to 4 decimal places. Negative amount should be indicated by a minus si

XYZ's stock price and dividend history are as follows:

An investor buys three shares of XYZ at the beginning of 2017, buys another two shares at the beginning of 2018, sells one share at the beginning of 2019, and sells all four remaining shares at the beginning of 2020.

a. What are the arithmetic and geometric average time-weighted rates of return for the investor? (Round your year-by-year rates of return and final answer to 2 decimal places. Do not round other calculations.)

b. What is the dollar-weighted rate of return? (Hint: Carefully prepare a chart of cash flows for the four dates corresponding to the turns of the year for January 1, 2017, to January 1, 2020. If your calculator cannot calculate IRR, you will have to use trial and error or a spreadsheet program.) (Round your answers to 4 decimal places. Negative amount should be indicated by a minus sign.)

Exhibit 1
Company Shares   Beginning of year price Dividend per share End of year price

Birch    250 $ 40    $2.45    $39.00
Walnut 150    $ 8.00    $1.05 $8.50

Maple    300    $20.00    none $23.00

Cherry 400    $27.00 $1.25 $ 26.25

Use Exhibit 1. The table shows your stock
positions at the beginning of the year, the
dividends that each stock paid during the
year, and stock prices at the end of the year.
What is your portfolio percentage return? A. less than 5.65 percent
B. more than 5.65 percent but less than
6.10 percent
C. more than 6.10 percent but less than
6.55 percent
D. more than 6.55 percent but less than
7.00 percent
E. more than 7.00 percent

rev: 10_31_2013_QC_37911, 03_06_2015_QC_CS-9041

Use the following information about an economy that produces only two types of products, organic food products and beverages. Calculate the following for the years 2015, 2016 and 2017, unless otherwise requested:

1. the nominal GDP
2. the real GDP using 2015 as the base year
3. the GDP deflator
4. the annual percentage change in nominal GDP for 2016 and 2017
5. the annual percentage change in real GDP for 2016 and 2017
6. the inflation using the GDP deflator for 2016 and 2017 (percentage

change in GDP deflator)

change in GDP deflator)

XYZ stock price and dividend history are as follows: Year Beginning-of-Year Price Dividend Paid at Year-End 2010 $ 130 $ 5 2011 $ 144 $ 5 2012 $ 120 $ 5 2013 $ 125 $ 5 An investor buys six shares of XYZ at the beginning of 2010, buys another three shares at the beginning of 2011, sells one share at the beginning of 2012, and sells all eigth remaining shares at the beginning of 2013. a. What are the arithmetic and geometric average time-weighted rates of return for the investor? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Arithmetic mean % Geometric mean % b-1. Prepare a chart of cash flows for the four dates corresponding to the turns of the year for January 1, 2010, to January 1, 2013. (Negative amounts should be indicated by a minus sign.) Date Cash Flow 1/1/2010 $ 1/1/2011 1/1/2012 1/1/2013 b-2. What is the dollar-weighted rate of return? (Hint: If your calculator cannot calculate internal rate of return, you will have to use a spreadsheet or trial and error.) (Negative value should be indicated by a minus sign. Round your answer to 4 decimal places.) Rate of return %

Distinguish between price discrimination and non-price discrimination. Under which market structure is each of them more likely use? Why?

Stocks:

50% of portfolio - Advanced Micro Devices, Inc. (AMD)

starting price: 30.9$ Closing price: 29.94$

50% of portfolio - Canopy Growth Corp (CGC)

Starting price: 24.21$ Closing price: 27.31$

Report the variance-covariance matrix

Option 1: Take estimates from the other web pages

You can take estimates of volatilities of individual stocks from Reuters, Bloomberg, Yahoo finance or other sources. If you are not quite sure how to estimate covariances between stocks:

You can take estimates of Reuters, Bloomberg or other credible web page.

Option 2: Compute by yourself using historical data

How to estimate variance-covariance matrix from historical data:

Hint: check my excel file.

Option 3: Less preferable

You can assume that all the covariances are zeroes. It is an option only if you are unable to do one of the two methods above.

Why does price ceiling mean decrease quality?
why does price floor mean Increase in quality?