ANSWER ALL PARTS
Kaelea, Inc., has no debt outstanding and a total market value
of $98,000. Earnings before interest and taxes, EBIT, are projected
to be $9,300 if economic conditions are normal. If there is strong
expansion in the economy, then EBIT will be 23 percent higher. If
there is a recession, then EBIT will be 32 percent lower. The
company is considering a $29,800 debt issue with an interest rate
of 7 percent. The proceeds will be used to repurchase shares of
stock. There are currently 4,900 shares outstanding. Assume the
company has a market-to-book ratio of 1.0.
a. Calculate return on equity, ROE, under each of
the three economic scenarios before any debt is issued, assuming no
taxes. (Do not round intermediate calculations and enter
your answers as a percent rounded to 2 decimal places, e.g.,
32.16.)
| ROE | |
| Recession | % |
| Normal | % |
| Expansion | % |
b. Calculate the percentage changes in ROE when
the economy expands or enters a recession, assuming no taxes.
(A negative answer should be indicated by a minus
sign. Do not round intermediate calculations and enter your
answers as a percent rounded to the nearest whole number, e.g.,
32.)
| %ΔROE | |
| Recession | % |
| Expansion | % |
Assume the firm goes through with the proposed recapitalization and
no taxes.
c. Calculate return on equity, ROE, under each of
the three economic scenarios after the recapitalization.
(Do not round intermediate calculations and enter your
answers as a percent rounded to 2 decimal places, e.g.,
32.16.)
| ROE | |
| Recession | % |
| Normal | % |
| Expansion | % |
d. Calculate the percentage changes in ROE for
economic expansion and recession. (A negative answer should
be indicated by a minus sign. Do not round
intermediate calculations and enter your answers as a percent
rounded to 2 decimal places, e.g.,
32.16.)
| %ΔROE | |
| Recession | % |
| Expansion | % |
Assume the firm has a tax rate of 40 percent.
e. Calculate return on equity, ROE, under each of
the three economic scenarios before any debt is issued. Also,
calculate the percentage changes in ROE for economic expansion and
recession. (A negative answer should be indicated by a
minus sign. Do not round intermediate calculations
and enter your answers as a percent rounded to 2 decimal places,
e.g., 32.16.)
| ROE | |
| Recession | % |
| Normal | % |
| Expansion | % |
| %ΔROE | |
| Recession | % |
| Expansion | % |
f. Calculate return on equity, ROE, under each of
the three economic scenarios after the recapitalization. Also,
calculate the percentage changes in ROE for economic expansion and
recession, assuming the firm goes through with the proposed
recapitalization. (A negative answer should be indicated by
a minus sign. Do not round intermediate
calculations and enter your answers as a percent rounded to 2
decimal places, e.g.,
32.16.)
| ROE | |
| Recession | % |
| Normal | % |
| Expansion | % |
| %ΔROE | |
| Recession | % |
| Expansion | % |
In: Finance
Quantitative Problem: Rosnan Industries' 2014 and 2013 balance sheets and income statements are shown below.
| Balance Sheets: | |||
| 2014 | 2013 | ||
| Cash and equivalents | $80 | $65 | |
| Accounts receivable | 275 | 300 | |
| Inventories | 375 | 350 | |
| Total current assets | $730 | $715 | |
| Net plant and equipment | 2,000 | 1,490 | |
| Total assets | $2,730 | $2,205 | |
| Accounts payable | $150 | $85 | |
| Accruals | 75 | 50 | |
| Notes payable | 130 | 155 | |
| Total current liabilities | $355 | $290 | |
| Long-term debt | 450 | 290 | |
| Common stock | 1,225 | 1,225 | |
| Retained earnings | 700 | 400 | |
| Total liabilities and equity | $2,730 | $2,205 | |
| Income Statements: | |||
| 2014 | 2013 | ||
| Sales | $2,000 | $1,500 | |
| Operating costs excluding depreciation | 1,250 | 1,000 | |
| EBITDA | $750 | $500 | |
| Depreciation and amortization | 100 | 75 | |
| EBIT | $650 | $425 | |
| Interest | 62 | 45 | |
| EBT | $588 | $380 | |
| Taxes (40%) | 235 | 152 | |
| Net income | $353 | $228 | |
| Dividends paid | $53 | $48 | |
| Addition to retained earnings | $300 | $180 | |
| Shares outstanding | 100 | 100 | |
| Price | $25.00 | $22.50 | |
| WACC | 10.00% | ||
What is the firm’s 2014 current ratio? Round your answer to two decimal places.
The 2014 current ratio indicates that Rosnan has
-Select-insufficientsufficientCorrect 1 of Item 3 current assets to
meet its current obligations as they come due.
What is the firm’s 2014 total assets turnover ratio? Round your
answer to four decimal places.
Given the 2014 current and total assets turnover ratios
calculated above, if Rosnan’s 2014 quick ratio is 1.0 then an
analyst might conclude that Rosnan’s fixed assets are managed
-Select-efficientlyinefficientlyCorrect 1 of Item 4.
What is the firm’s 2014 debt-to-capital ratio? Round your answer to
two decimal places.
%
If the industry average debt-to-capital ratio is 30%, then
Rosnan’s creditors have a -Select-smallerbiggerCorrect 1 of Item 5
cushion than indicated by the industry average.
What is the firm’s 2014 profit margin? Round your answer to two
decimal places.
%
If the industry average profit margin is 12%, then Rosnan’s
lower than average debt-to-capital ratio might be one reason for
its high profit margin.
-Select-TrueFalseCorrect 1 of Item 6
What is the firm’s 2014 price/earnings ratio? Round your answer to two decimal places.
Using the DuPont equation, what is the firm’s 2014 ROE? Round
your answer to two decimal places.
%
In: Finance
The following data represent petal lengths (in cm) for independent random samples of two species of Iris.
Petal length (in cm) of Iris virginica: x1; n1 = 35
| 5.1 | 5.9 | 6.1 | 6.1 | 5.1 | 5.5 | 5.3 | 5.5 | 6.9 | 5.0 | 4.9 | 6.0 | 4.8 | 6.1 | 5.6 | 5.1 |
| 5.6 | 4.8 | 5.4 | 5.1 | 5.1 | 5.9 | 5.2 | 5.7 | 5.4 | 4.5 | 6.4 | 5.3 | 5.5 | 6.7 | 5.7 | 4.9 |
| 4.8 | 5.9 | 5.1 |
Petal length (in cm) of Iris setosa: x2; n2 = 38
| 1.5 | 1.9 | 1.4 | 1.5 | 1.5 | 1.6 | 1.4 | 1.1 | 1.2 | 1.4 | 1.7 | 1.0 | 1.7 | 1.9 | 1.6 | 1.4 |
| 1.5 | 1.4 | 1.2 | 1.3 | 1.5 | 1.3 | 1.6 | 1.9 | 1.4 | 1.6 | 1.5 | 1.4 | 1.6 | 1.2 | 1.9 | 1.5 |
| 1.6 | 1.4 | 1.3 | 1.7 | 1.5 | 1.7 |
(a) Use a calculator with mean and standard deviation keys to calculate x1, s1, x2, and s2. (Round your answers to two decimal places.)
| x1 = | |
| s1 = | |
| x2 = | |
| s2 = |
(b) Let μ1 be the population mean for
x1 and let μ2 be the
population mean for x2. Find a 99% confidence
interval for μ1 − μ2.
(Round your answers to two decimal places.)
| lower limit | |
| upper limit |
(c) Explain what the confidence interval means in the context of
this problem. Does the interval consist of numbers that are all
positive? all negative? of different signs? At the 99% level of
confidence, is the population mean petal length of Iris
virginica longer than that of Iris setosa?
Because the interval contains only positive numbers, we can say that the mean petal length of Iris virginica is longer.Because the interval contains only negative numbers, we can say that the mean petal length of Iris virginica is shorter. Because the interval contains both positive and negative numbers, we cannot say that the mean petal length of Iris virginica is longer.
(d) Which distribution did you use? Why?
The standard normal distribution was used because σ1 and σ2 are unknown.The Student's t-distribution was used because σ1 and σ2 are known. The standard normal distribution was used because σ1 and σ2 are known.The Student's t-distribution was used because σ1 and σ2 are unknown.
Do you need information about the petal length distributions?
Explain.
Both samples are large, so information about the distributions is needed.Both samples are large, so information about the distributions is not needed. Both samples are small, so information about the distributions is needed.Both samples are small, so information about the distributions is not needed.
In: Statistics and Probability
Kaelea, Inc., has no debt outstanding and a total market value
of $69,000. Earnings before interest and taxes, EBIT, are projected
to be $9,000 if economic conditions are normal. If there is strong
expansion in the economy, then EBIT will be 20 percent higher. If
there is a recession, then EBIT will be 25 percent lower. The
company is considering a $21,900 debt issue with an interest rate
of 8 percent. The proceeds will be used to repurchase shares of
stock. There are currently 4,600 shares outstanding. Assume the
company has a market-to-book ratio of 1.0.
a. Calculate return on equity, ROE, under each of
the three economic scenarios before any debt is issued, assuming no
taxes. (Do not round intermediate calculations and enter
your answers as a percent rounded to 2 decimal places, e.g.,
32.16.)
| ROE | |
| Recession | % |
| Normal | % |
| Expansion | % |
b. Calculate the percentage changes in ROE when
the economy expands or enters a recession, assuming no taxes.
(A negative answer should be indicated by a minus
sign. Do not round intermediate calculations and enter your
answers as a percent rounded to the nearest whole number, e.g.,
32.)
| %?ROE | |
| Recession | % |
| Expansion | % |
Assume the firm goes through with the proposed recapitalization and
no taxes.
c. Calculate return on equity, ROE, under each of
the three economic scenarios after the recapitalization.
(Do not round intermediate calculations and enter your
answers as a percent rounded to 2 decimal places, e.g.,
32.16.)
| ROE | |
| Recession | % |
| Normal | % |
| Expansion | % |
d. Calculate the percentage changes in ROE for
economic expansion and recession. (A negative answer should
be indicated by a minus sign. Do not round
intermediate calculations and enter your answers as a percent
rounded to 2 decimal places, e.g.,
32.16.)
| %?ROE | |
| Recession | % |
| Expansion | % |
Assume the firm has a tax rate of 35 percent.
e. Calculate return on equity, ROE, under each of
the three economic scenarios before any debt is issued. Also,
calculate the percentage changes in ROE for economic expansion and
recession. (A negative answer should be indicated by a
minus sign. Do not round intermediate calculations
and enter your answers as a percent rounded to 2 decimal places,
e.g., 32.16.)
| ROE | |
| Recession | % |
| Normal | % |
| Expansion | % |
| %?ROE | |
| Recession | % |
| Expansion | % |
f. Calculate return on equity, ROE, under each of
the three economic scenarios after the recapitalization. Also,
calculate the percentage changes in ROE for economic expansion and
recession, assuming the firm goes through with the proposed
recapitalization. (A negative answer should be indicated by
a minus sign. Do not round intermediate
calculations and enter your answers as a percent rounded to 2
decimal places, e.g.,
32.16.)
| ROE | |
| Recession | % |
| Normal | % |
| Expansion | % |
| %?ROE | |
| Recession | % |
| Expansion | % |
In: Finance
A 36 years old Caucasian obese female presents to the ER with a
complaint of epigastric pain for the last 2 days. The pain radiates
through to her back, is constant, sharp in nature, and reliever
with sitting up. Associated symptoms include nausea and non-bloody
emesis. Eating makes the pain worse and therefore she has not eaten
for the last 24 hours. She is married with 2 children. She denies
any alcohol or drug use. On assessment she is afebrile, HR is 100,
RR 22, and BP is 110/70mmhg. She is restless from the pain,
diaphoretic and has icteric sclera. Heart and lung assessment are
unremarkable. The abdomen is soft with hypoactive bowel sounds and
tender in the epigastric area and RUQ.
labs:
Sodium 140. potassium 3.0. Creatinine 1.0. BUN 20. WBC 12000, HCT
54. Hgb 18. Plt 200000. AST 70. ALT 75. Alkaline phosphatase 294.
Total bilirubin 8.0. GGT 65. Lipase 1050.
Questions
a. Why is the potassium value abnormal?
b. What do the abnormal GGT and Alkaline Phosphate indicate?
c. Why are the lipase and bilirubin elevated?
5. For what actual or potential complications related to the diagnosis in question 1 does she need to be monitored? You may simply list your answer(s) below using a bullet point format. This does not have to be in a complete sentence.
In: Nursing
The following data represent petal lengths (in cm) for independent random samples of two species of Iris.
Petal length (in cm) of Iris virginica: x1; n1 = 35
| 5.1 | 5.6 | 6.3 | 6.1 | 5.1 | 5.5 | 5.3 | 5.5 | 6.9 | 5.0 | 4.9 | 6.0 | 4.8 | 6.1 | 5.6 | 5.1 |
| 5.6 | 4.8 | 5.4 | 5.1 | 5.1 | 5.9 | 5.2 | 5.7 | 5.4 | 4.5 | 6.4 | 5.3 | 5.5 | 6.7 | 5.7 | 4.9 |
| 4.8 | 5.9 | 5.2 |
Petal length (in cm) of Iris setosa: x2; n2 = 38
| 1.5 | 1.9 | 1.4 | 1.5 | 1.5 | 1.6 | 1.4 | 1.1 | 1.2 | 1.4 | 1.7 | 1.0 | 1.7 | 1.9 | 1.6 | 1.4 |
| 1.5 | 1.4 | 1.2 | 1.3 | 1.5 | 1.3 | 1.6 | 1.9 | 1.4 | 1.6 | 1.5 | 1.4 | 1.6 | 1.2 | 1.9 | 1.5 |
| 1.6 | 1.4 | 1.3 | 1.7 | 1.5 | 1.5 |
(a) Use a calculator with mean and standard deviation keys to calculate x1, s1, x2, and s2. (Round your answers to two decimal places.)
| x1 = | |
| s1 = | |
| x2 = | |
| s2 = |
(b) Let μ1 be the population mean for
x1 and let μ2 be the
population mean for x2. Find a 99% confidence
interval for μ1 − μ2.
(Round your answers to two decimal places.)
| lower limit | |
| upper limit |
(c) Explain what the confidence interval means in the context of
this problem. Does the interval consist of numbers that are all
positive? all negative? of different signs? At the 99% level of
confidence, is the population mean petal length of Iris
virginica longer than that of Iris setosa?
Because the interval contains only positive numbers, we can say that the mean petal length of Iris virginica is longer.Because the interval contains only negative numbers, we can say that the mean petal length of Iris virginica is shorter. Because the interval contains both positive and negative numbers, we cannot say that the mean petal length of Iris virginica is longer.
(d) Which distribution did you use? Why?
The standard normal distribution was used because σ1 and σ2 are unknown.The Student's t-distribution was used because σ1 and σ2 are known. The standard normal distribution was used because σ1 and σ2 are known.The Student's t-distribution was used because σ1 and σ2 are unknown.
Do you need information about the petal length distributions?
Explain.
Both samples are small, so information about the distributions is not needed.Both samples are large, so information about the distributions is not needed. Both samples are small, so information about the distributions is needed.Both samples are large, so information about the distributions is needed.
In: Statistics and Probability
A 36 year old caucasian, obese, female presents to the ED with a complaint of epigastric pain for the last 2 days. THe pain radiates through to her back, is consistant, sharp in nature and relieved with sitting up. Associated symptoms includes nausea and non-bloody emesis. Eating make the pain worse and therefore she has not eaten for the last 24 hrs. He is married and has two children. She denies any alcohol and drug use. One assessment she is afebrile, heart rate 100, respirations 22, and BP 110/70mmhg. SHe is restless from the pain, diaphorietic and has a icteric sclera. Heart and lung assessment are unremarkable. abdomen is soft with hypoactive bowel sound and tender in the epigastric area and RUQ.
LAB;
Sodium- 140
Potassium- 3.0
Creatnine- 1.0
BUN- 20
WBC 12000
Hct- 54%
Hgb-18
platetes 200,000
AST- 70
ALT 75
Alkaline phosphatase 294
Total bilirubin- 8.0
GGT- 65
Lipase- 1050
Questions
a. Why is the potassium value abnormal?
b. What do the abnormal GGT and Alkaline Phosphate indicate?
c. Why are the lipase and bilirubin elevated?
5. For what actual or potential complications related to the diagnosis in question 1 does she need to be monitored? You may simply list your answer(s) below using a bullet point format. This does not have to be in a complete sentence.
In: Nursing
The comparative balance sheets for 2021 and 2020 and the
statement of income for 2021 are given below for Dux Company.
Additional information from Dux’s accounting records is provided
also.
| DUX COMPANY Comparative Balance Sheets December 31, 2021 and 2020 ($ in thousands) |
||||||||
| 2021 | 2020 | |||||||
| Assets | ||||||||
| Cash | $ | 129.0 | $ | 36.0 | ||||
| Accounts receivable | 64.0 | 66.0 | ||||||
| Less: Allowance for uncollectible accounts | (5.0 | ) | (4.0 | ) | ||||
| Dividends receivable | 19.0 | 18.0 | ||||||
| Inventory | 71.0 | 66.0 | ||||||
| Long-term investment | 31.0 | 26.0 | ||||||
| Land | 86.0 | 40.0 | ||||||
| Buildings and equipment | 161.0 | 266.0 | ||||||
| Less: Accumulated depreciation | (6.0 | ) | (130.0 | ) | ||||
| $ | 550.0 | $ | 384.0 | |||||
| Liabilities | ||||||||
| Accounts payable | $ | 29.0 | $ | 36.0 | ||||
| Salaries payable | 18.0 | 21.0 | ||||||
| Interest payable | 20.0 | 18.0 | ||||||
| Income tax payable | 23.0 | 24.0 | ||||||
| Notes payable | 46.0 | 0 | ||||||
| Bonds payable | 91.0 | 50.0 | ||||||
| Less: Discount on bonds | (2.0 | ) | (3.0 | ) | ||||
| Shareholders' Equity | ||||||||
| Common stock | 210.0 | 200.0 | ||||||
| Paid-in capital—excess of par | 24.0 | 20.0 | ||||||
| Retained earnings | 99.0 | 18.0 | ||||||
| Less: Treasury stock | (8.0 | ) | 0 | |||||
| $ | 550.0 | $ | 384.0 | |||||
| DUX COMPANY Income Statement For the Year Ended December 31, 2021 ($ in thousands) |
||||||
| Revenues | ||||||
| Sales revenue | $ | 440.0 | ||||
| Dividend revenue | 19.0 | $ | 459.0 | |||
| Expenses | ||||||
| Cost of goods sold | 152.0 | |||||
| Salaries expense | 57.0 | |||||
| Depreciation expense | 2.0 | |||||
| Bad debt expense | 1.0 | |||||
| Interest expense | 40.0 | |||||
| Loss on sale of building | 35.0 | |||||
| Income tax expense | 48.0 | 335.0 | ||||
| Net income | $ | 124.0 | ||||
Additional information from the accounting records:
Required:
Prepare the statement of cash flows for Dux Company using the
indirect method. (Amounts to be deducted should be
indicated with a minus sign. Enter your answers in thousands (i.e.,
10,000 should be entered as 10).)
In: Accounting
1)A cylindrical water-tank has a small hole 60cm above the floor on which the tank stands. The depth of water in the tank is 1.8m.Assume the diameter of the tank to be greater than that of the hole. 1a) Find the horizontal distance from the side of the tank to the point on the floor where the stream of water lands. 1b) At what other height from the base of the tank would a second hole be drilled for water from this hole to strike the base at the same point as the first hole?
2) Water flows along the horizontal pipe cross section area 48cm2 which has a constriction of cross section area 12cm2 at one place. If the speed of water at the constriction is 4m/s, calculate the speed in the wider section and hence the pressure at the constriction if the pressure in the wider section is 1.0 x 105 pa. Density of water is 1000kg/m3
3)What volume of water will escape per minute from a tank through an opening 2cm in diameter and 5m below the level of water?
4)A venturi meter is equipped with a deferential mercury meter. The inlet diameter is 30cm and the throat diameter is 15cm. Find the ideal flow of water through the meter if the difference in height between the mercury columns is 23cm. Relative density of mercury is 13.6
5) Mercury at 20 degrees Celsius is flowing in a pipe of 50mm diameter at a certain point A with velocity 1.83m/s2 the pipe travels to point B, 3.78m above A, where the diameter has been reduced to 35mm. The pipe continues to a point C, 1.27m above B at which the diameter has changed to 75mm. The gauge pressure at A is 596 kpa. The relative density of mercury is 13.6 the atmospheric pressure is 101.325kpa and the gravitational acceleration is 9.81m/s2 . What would be the readings of the pressure gauges at points B and C?
6) A tank of large area is filled with water to a depth of 0.3m . A hole of 5cm2 cross section in the bottom allows water to drain out in a continuous stream. 6a)What is the rate at which water flows out the tank in m3/s? 6b) At what distance below the bottom of the tank is the cross-sectional area of the stream equal to one half of the area of the hole?
7)Water enclosed in a tank is subjected to a gauge pressure of 6x105 pa, applied by compressed air introduced into the top of the tank. A small hole of 5cm2 cross sectional area is in the side of the tank 5m below the level of the water. Estimate the rate at which water escapes from this hole in m3/hr.
In: Physics
Instructions
Read the case study details below then answer the questions.
Dave is a five-year-old sedentary male who was referred to a pediatric dietitian due to his pediatrician’s concerns with his weight gain over the past year. His parents recently divorced and both parents have equal custody. Prior to the divorce Dave was physically active and on a regular schedule of meals and snacks. Now Dave has unlimited access to snacks at both parents’ homes and his favorite pastimes include watching cartoons and playing video games with his brothers. Dave often snacks while dinner is being made and frequently drinks juice and soda. He often eats meals and sacks while watching TV with or without his mom or dad. He usually refuses to sit down and eat at the dinner table.
In: Nursing