Questions
You are shown the following data. If the correlation coefficient between the combined portfolio of A+B...

  1. You are shown the following data. If the correlation coefficient between the combined portfolio of A+B and C is 0.2, what would happen to the overall volatility of the new portfolio if we invested 50% in A+B and the remaining 50% in C? You could potentially avoid computations.

Stocks

Volatility

%

Portfolio invested

Average Return

A and B

27

50

15

C

32

50

18

  1. Volatility will lie somewhere between 32% and 40%.
  2. Volatility will lie somewhere between 27% and 32%.
  3. Volatility will be below 27%.
  4. Volatility will be above 40%.
  5. Volatility will become zero.

In: Finance

23)Use the following data about a fixed coupon corporate bond to answer the following question. The...

23)Use the following data about a fixed coupon corporate bond to answer the following question. The yield to maturity of the bond is greater than 8% settlement 11/14/2016 maturity 11/14/2026 rate 10% price 101 redemption 100 frequency 2 basis 0

is it :True or False

26)

  1. Bank Asset Bond A Bank Liability L
    Settlement 6/27/2019 Settlement 6/27/2019
    Maturity 6/27/2029 Maturity 6/27/2022
    Rate 10% Rate 8%
    Yield 9% Yield 8%
    Redemption 100 Redemption 100
    frequency 2 frequency 2
    basis 0 basis 0
    price of bond price of bond
    The priice of the bank asset is between 105 and 107
    The price of the bank liability is 100
  2. it is :true or false

In: Finance

On April 15, 2021, fire damaged the office and warehouse of Marigold Corporation. The only accounting...

On April 15, 2021, fire damaged the office and warehouse of Marigold Corporation. The only accounting record saved was the general ledger, from which the balance sheet data below was prepared.

MARIGOLD CORPORATION
MARCH 31, 2021

Cash

$19,160

Accounts receivable

42,070

Inventory, December 31, 2020

72,620

Land

35,640

Buildings

111,680

Accumulated depreciation

$41,997

Equipment

3,878

Accounts payable

21,638

Other accrued expenses

21,320

Common stock

103,700

Retained earnings

49,110

Sales revenue

121,800

Purchases

49,110

Miscellaneous expense

25,407

$359,565

$359,565


The following data and information have been gathered.

1. The fiscal year of the corporation ends on December 31.
2. An examination of the April bank statement and canceled checks revealed that checks written during the period April 1–15 totaled $11,780: $5,144 paid to accounts payable as of March 31, $3,099 for April merchandise shipments, and $3,864 paid for other expenses. Deposits during the same period amounted to $11,660, which consisted of receipts on account from customers with the exception of a $872 refund from a vendor for merchandise returned in April.
3. Correspondence with suppliers revealed unrecorded obligations at April 15 of $15,155 for April merchandise shipments, including $2,326 for shipments in transit (f.o.b. destination) on that date.
4. Customers acknowledged indebtedness of $43,470 at April 15, 2021. It was also estimated that customers owed another $7,970 that will never be acknowledged or recovered. Of the acknowledged indebtedness, $657 will probably be uncollectible.
5. The companies insuring the inventory agreed that the corporation’s fire-loss claim should be based on the assumption that the overall gross profit rate for the past 2 years was in effect during the current year. The corporation’s audited financial statements disclosed this information:

Year Ended
December 31

2020

2019

Net sales $495,930 $385,220
Net purchases 306,190 257,540
Beginning inventory 52,300 64,120
Ending inventory 72,620 52,300
6. Inventory with a cost of $7,070 was salvaged and sold for $3,160. The balance of the inventory was a total loss.


Compute the amount of inventory fire loss. (Round ratios for computational purposes to 2 decimal places, e.g 78.52% and final answer to 0 decimal places, e.g. 28,987.)

Inventory fire loss $

In: Accounting

On April 15, 2021, fire damaged the office and warehouse of Whispering Corporation. The only accounting...

On April 15, 2021, fire damaged the office and warehouse of Whispering Corporation. The only accounting record saved was the general ledger, from which the balance sheet data below was prepared.

WHISPERING CORPORATION
MARCH 31, 2021

Cash

$21,860

Accounts receivable

43,040

Inventory, December 31, 2020

77,390

Land

31,880

Buildings

118,120

Accumulated depreciation

$37,414

Equipment

3,738

Accounts payable

22,698

Other accrued expenses

35,483

Common stock

90,800

Retained earnings

56,770

Sales revenue

134,410

Purchases

56,770

Miscellaneous expense

24,777

$377,575

$377,575


The following data and information have been gathered.

1. The fiscal year of the corporation ends on December 31.
2. An examination of the April bank statement and canceled checks revealed that checks written during the period April 1–15 totaled $11,960: $5,734 paid to accounts payable as of March 31, $3,585 for April merchandise shipments, and $3,546 paid for other expenses. Deposits during the same period amounted to $13,442, which consisted of receipts on account from customers with the exception of a $859 refund from a vendor for merchandise returned in April.
3. Correspondence with suppliers revealed unrecorded obligations at April 15 of $16,393 for April merchandise shipments, including $2,454 for shipments in transit (f.o.b. destination) on that date.
4. Customers acknowledged indebtedness of $44,440 at April 15, 2021. It was also estimated that customers owed another $7,790 that will never be acknowledged or recovered. Of the acknowledged indebtedness, $578 will probably be uncollectible.
5. The companies insuring the inventory agreed that the corporation’s fire-loss claim should be based on the assumption that the overall gross profit rate for the past 2 years was in effect during the current year. The corporation’s audited financial statements disclosed this information:

Year Ended
December 31

2020

2019

Net sales $498,340 $392,400
Net purchases 283,010 256,220
Beginning inventory 50,000 64,990
Ending inventory 77,390 50,000
6. Inventory with a cost of $7,340 was salvaged and sold for $3,810. The balance of the inventory was a total loss.


Compute the amount of inventory fire loss. (Round ratios for computational purposes to 2 decimal places, e.g 78.52% and final answer to 0 decimal places, e.g. 28,987.)

In: Accounting

On April 15, 2021, fire damaged the office and warehouse of Whispering Corporation. The only accounting...

On April 15, 2021, fire damaged the office and warehouse of Whispering Corporation. The only accounting record saved was the general ledger, from which the balance sheet data below was prepared.

WHISPERING CORPORATION
MARCH 31, 2021

Cash

$21,860

Accounts receivable

43,040

Inventory, December 31, 2020

77,390

Land

31,880

Buildings

118,120

Accumulated depreciation

$37,414

Equipment

3,738

Accounts payable

22,698

Other accrued expenses

35,483

Common stock

90,800

Retained earnings

56,770

Sales revenue

134,410

Purchases

56,770

Miscellaneous expense

24,777

$377,575

$377,575


The following data and information have been gathered.

1. The fiscal year of the corporation ends on December 31.
2. An examination of the April bank statement and canceled checks revealed that checks written during the period April 1–15 totaled $11,960: $5,734 paid to accounts payable as of March 31, $3,585 for April merchandise shipments, and $3,546 paid for other expenses. Deposits during the same period amounted to $13,442, which consisted of receipts on account from customers with the exception of a $859 refund from a vendor for merchandise returned in April.
3. Correspondence with suppliers revealed unrecorded obligations at April 15 of $16,393 for April merchandise shipments, including $2,454 for shipments in transit (f.o.b. destination) on that date.
4. Customers acknowledged indebtedness of $44,440 at April 15, 2021. It was also estimated that customers owed another $7,790 that will never be acknowledged or recovered. Of the acknowledged indebtedness, $578 will probably be uncollectible.
5. The companies insuring the inventory agreed that the corporation’s fire-loss claim should be based on the assumption that the overall gross profit rate for the past 2 years was in effect during the current year. The corporation’s audited financial statements disclosed this information:

Year Ended
December 31

2020

2019

Net sales $498,340 $392,400
Net purchases 283,010 256,220
Beginning inventory 50,000 64,990
Ending inventory 77,390 50,000
6. Inventory with a cost of $7,340 was salvaged and sold for $3,810. The balance of the inventory was a total loss.


Compute the amount of inventory fire loss. (Round ratios for computational purposes to 2 decimal places, e.g 78.52% and final answer to 0 decimal places, e.g. 28,987.)

Inventory fire loss $

In: Accounting

On April 15, 2021, fire damaged the office and warehouse of Pearl Corporation. The only accounting...

On April 15, 2021, fire damaged the office and warehouse of Pearl Corporation. The only accounting record saved was the general ledger, from which the balance sheet data below was prepared.

PEARL CORPORATION
MARCH 31, 2021

Cash

$18,820

Accounts receivable

37,970

Inventory, December 31, 2020

73,150

Land

35,110

Buildings

117,340

Accumulated depreciation

$38,686

Equipment

3,491

Accounts payable

25,266

Other accrued expenses

6,038

Common stock

107,500

Retained earnings

53,040

Sales revenue

137,170

Purchases

53,040

Miscellaneous expense

28,779

$367,700

$367,700


The following data and information have been gathered.

1. The fiscal year of the corporation ends on December 31.
2. An examination of the April bank statement and canceled checks revealed that checks written during the period April 1–15 totaled $13,350: $5,386 paid to accounts payable as of March 31, $3,185 for April merchandise shipments, and $4,163 paid for other expenses. Deposits during the same period amounted to $13,250, which consisted of receipts on account from customers with the exception of a $907 refund from a vendor for merchandise returned in April.
3. Correspondence with suppliers revealed unrecorded obligations at April 15 of $14,324 for April merchandise shipments, including $2,491 for shipments in transit (f.o.b. destination) on that date.
4. Customers acknowledged indebtedness of $43,060 at April 15, 2021. It was also estimated that customers owed another $8,560 that will never be acknowledged or recovered. Of the acknowledged indebtedness, $642 will probably be uncollectible.
5. The companies insuring the inventory agreed that the corporation’s fire-loss claim should be based on the assumption that the overall gross profit rate for the past 2 years was in effect during the current year. The corporation’s audited financial statements disclosed this information:

Year Ended
December 31

2020

2019

Net sales $565,870 $396,830
Net purchases 285,190 246,840
Beginning inventory 51,000 72,520
Ending inventory 73,150 51,000
6. Inventory with a cost of $7,420 was salvaged and sold for $3,500. The balance of the inventory was a total loss.


Compute the amount of inventory fire loss. (Round ratios for computational purposes to 2 decimal places, e.g 78.52% and final answer to 0 decimal places, e.g. 28,987.)

Inventory fire loss $

In: Accounting

On April 15, 2021, fire damaged the office and warehouse of Sunland Corporation. The only accounting...

On April 15, 2021, fire damaged the office and warehouse of Sunland Corporation. The only accounting record saved was the general ledger, from which the balance sheet data below was prepared.

SUNLAND CORPORATION
MARCH 31, 2021

Cash

$19,370

Accounts receivable

42,940

Inventory, December 31, 2020

67,960

Land

35,270

Buildings

100,730

Accumulated depreciation

$39,930

Equipment

3,569

Accounts payable

25,275

Other accrued expenses

9,155

Common stock

96,700

Retained earnings

47,390

Sales revenue

125,490

Purchases

47,390

Miscellaneous expense

26,711

$343,940

$343,940


The following data and information have been gathered.

1. The fiscal year of the corporation ends on December 31.
2. An examination of the April bank statement and canceled checks revealed that checks written during the period April 1–15 totaled $11,940: $5,869 paid to accounts payable as of March 31, $3,281 for April merchandise shipments, and $3,532 paid for other expenses. Deposits during the same period amounted to $13,507, which consisted of receipts on account from customers with the exception of a $1,031 refund from a vendor for merchandise returned in April.
3. Correspondence with suppliers revealed unrecorded obligations at April 15 of $14,150 for April merchandise shipments, including $2,203 for shipments in transit (f.o.b. destination) on that date.
4. Customers acknowledged indebtedness of $46,120 at April 15, 2021. It was also estimated that customers owed another $8,550 that will never be acknowledged or recovered. Of the acknowledged indebtedness, $555 will probably be uncollectible.
5. The companies insuring the inventory agreed that the corporation’s fire-loss claim should be based on the assumption that the overall gross profit rate for the past 2 years was in effect during the current year. The corporation’s audited financial statements disclosed this information:

Year Ended
December 31

2020

2019

Net sales $505,760 $382,590
Net purchases 268,760 238,310
Beginning inventory 52,500 61,200
Ending inventory 67,960 52,500
6. Inventory with a cost of $7,000 was salvaged and sold for $3,230. The balance of the inventory was a total loss.


Compute the amount of inventory fire loss. (Round ratios for computational purposes to 2 decimal places, e.g 78.52% and final answer to 0 decimal places, e.g. 28,987.)

Inventory fire loss

$   

Please show work

In: Accounting

Medical researchers conducted a national random sample of the body mass index (BMI) of 654 women...

Medical researchers conducted a national random sample of the body mass index (BMI) of 654 women aged 20 to 29 in the U.S. The distribution of BMI is known to be right skewed. In this sample the mean BMI is 26.8 with a standard deviation of 7.42. Are researchers able to conclude that the mean BMI in the U.S. is less than 27?

Conduct a hypothesis test at the 5% level of significance using StatCrunch (directions) or calculating T and using the T-Distribution Calculator above.

Based on your hypothesis test, what can we conclude?

Group of answer choices

a) With a mean BMI of 26.8, the data supports the claim that the average BMI is less than 27, but the difference is not statistically significant. We fail to reject the null hypothesis that the mean BMI for women aged 20 to 29 in U.S. is 27.

b) With a mean BMI of 26.8, the data supports the claim that the average BMI is less than 27. We reject the null hypothesis that the mean BMI for women aged 20 to 29 in U.S. is 27.

c) Nothing. The distribution of the variable in the population is right skewed, so the conditions for use of a t-model are not met. We cannot trust that the p-value is accurate for this reason.

In: Statistics and Probability

WestFuel produces a special fuel system component at its three plants. The company currently has orders...

WestFuel produces a special fuel system component at its three plants. The company currently has orders from four customers. After considering relevant costs, WestFuel can expect the following per-unit profit for each plant–customer alternative.

Customer 1 Customer 2 Customer 3 Customer 4
Plant 1 $15 $17 $18 $20
Plant 2 $17 $14 $19 $16
Plant 3 $18 $17 $17 $19

The manufacturing capacities during the current production period are: Plant 1, 5,000 units; Plant 2, 3,500 units; Plant 3, 4,000 units. The customer demands are: Customer 1, 1,500 units; Customer 2, 2,500 units; Customer 3, 4,000 units; Customer 4, 3,000 units. Develop a transportation model that WestFuel can use to determine how many units each plant should ship to each customer, with the goal of maximizing total profit. (As a hint, check the total production capacity and the total demand, and incorporate this information into the model as needed. you do not need to solve the LP

In: Statistics and Probability

Determine the total assets of kirby company at December 31,2017,Determine the net income that kirby company reported for December 2017

Presented below is selected information related to Kirby Company at December 31.Kirby reports financial information monthly

Particulars Amount$
Accounts payable 3,000
Cash 6,500
Advertising Expense 6,000
Service Revenue 53,500
Equipment 29,000
Salaries & Wages Expense 16,500
Notes payable 25,000
Rent Expense 10,500
Accounts Receivable 13,500
Owner's Drawings 7,500

(a) Determine the total assets of Kirby Company at December 31,2017

(b) Determine the net income that Kirby Company reported for December 2017

(c)Determine the Owner's equity of Kirby Company at December 31,2017

In: Accounting