Financial data for Windsor, Inc. for last year appear below:
| Windsor, Inc. Statements of Financial Position |
||||
| Beginning Balance |
Ending Balance |
|||
| Assets: | ||||
| Cash | $ | 250,000 | $ | 260,000 |
| Accounts receivable | 120,000 | 135,000 | ||
| Inventory | 230,000 | 205,000 | ||
| Plant and equipment (net) | 420,000 | 380,000 | ||
| Investment in Pine Company | 220,000 | 250,000 | ||
| Land (undeveloped) | 430,000 | 430,000 | ||
| Total assets | $ | 1,670,000 | $ | 1,660,000 |
| Liabilities and owners equity: | ||||
| Accounts payable | $ | 160,000 | $ | 140,000 |
| Long-term debt | 800,000 | 800,000 | ||
| Owners equity | 710,000 | 720,000 | ||
| Total liabilities and owners equity | $ | 1,670,000 | $ | 1,660,000 |
| Windsor, Inc. Income statement |
||||
| Sales | $ | 1,750,000 | ||
| Less operating expenses | 1,470,000 | |||
| Net operating income | 280,000 | |||
|
Less interest and taxes: |
||||
| Interest expense | $ | 96,000 | ||
| Tax expense | 70,000 | 166,000 | ||
| Net income | $ | 114,000 | ||
|
The company paid dividends of $104,000 last year. The "Investment in Pine Company" on the statement of financial position represents an investment in the stock of another company. |
| Required: | |
| a. |
Compute the company's margin, turnover, and return on investment for last year. |
| Margin | % |
| Turnover | |
| Return on investment | % |
| b. |
The Board of Directors of Windsor, Inc. has set a minimum required return of 25%. What was the company's residual income last year? |
| Residual income | $ |
C. Windor's CFO has heard about EVA and is curious about whether it might be a better measure to use for evaluating division managers. Windsor's long term debt trades at book value, with interest rate of 10% while its equity has a market value of $1,200,000. The company's cost of equity is 12%. Windsor's income tax rate is 40%. Calculate each of the following components of EVA for the company, as well as the final EVA figure:
a. Weighted average cost of capital
b. Investment, as measured for EVA calculations
In: Accounting
Two capacitors, C1 = 15.0 µF and C2 = 44.0 µF, are connected in series, and a 18.0-V battery is connected across them.
(a) Find the equivalent capacitance, and the energy contained in this equivalent capacitor.
equivalent capacitance ________uF
total energy stored ________J
(b) Find the energy stored in each individual capacitor.
energy stored in C1 ______J
energy stored in C2 ______J
Show that the sum of these two energies is the same as the energy found in part (a). Will this equality always be true, or does it depend on the number of capacitors and their capacitances?
(c) If the same capacitors were connected in parallel, what potential difference would be required across them so that the combination stores the same energy as in part (a)?
______V
In: Physics
Chapter 9, Page 171, Case 4
Linda and John, aged 17 and 18, respectively, entered into a partnership agreement to carry on business as a local parcel-delivery service. The business was to be operated under the name “L & J Parcel Delivery.” In order to conduct the business, the two partners purchased a small truck on credit from a local truck dealer. The purchase agreement for the truck was signed “L & J Parcel Delivery” by John, who negotiated the purchase. Linda purchased a motorcycle on credit from a local dealer for the twofold purpose of (1) delivering parcels, and (2) transportation to and from her home to the place of business of L & J Parcel Delivery, a distance of some eight kilometres. She had informed the seller that the motorcycle would be used by L & J Parcel Delivery and for personal transportation, but signed the purchase agreement in her own name only. A few days before Linda’s 18th birthday, John and Linda decided to cease their business operations. A substantial part of the purchase price remained owing to the sellers of both the truck and the motorcycle, and, with the intention of avoiding liability on the two purchase agreements, Linda repudiated the contracts and the partnership agreement. Over the next few months, John and Linda retained possession of the truck and motorcycle, while they argued between themselves and with the two sellers as to responsibility for the payment of the balance of the purchase price on each vehicle. Finally, after three months of fruitless discussion and argument, the sellers each brought an action against John and Linda for payment of the debts. Discuss the rights of the parties and the issues that might be raised in the case. Render a decision.
In: Operations Management
In a lawsuit between Cloud Computing Corporation and Digital Enterprises, Inc., the court applies the doctrine of stare decisis. What is this doctrine? What does this doctrine have to do with the American legal system?
In: Operations Management
An airline analyzed whether telephone callers to their reservations office would remain on hold longer if they heard (a) an advertisement from the airline or (b) classical music. For 10 callers randomly assigned to these two conditions, the table shows the data.
|
Recorded Message |
Holding Time Observations |
|
Advertisement |
1, 2, 5, 8, 11 |
|
Classical Music |
7, 8, 9, 13, 15 |
Question 5:
Choose the correct alternate hypothesis for this test.
a. Ha: The distributions for classical music and advertisements are shifted from each other.
b. Ha: The distribution for classical music is shifted to the left of the distribution for advertisements.
c. Ha: The distribution for classical music is shifted to the right of the distribution for advertisements.
d. Ha: The distributions for classical music and advertisements are the same.
Question 6:
Provide the correct test statistic. Round answer to two decimal places.
Question 7:
Choose the correct p-value.
a. <0.0001
b. 0.0475
c. 0.0029
d. 0.0225
Question 8:
What conclusions can be drawn from this hypothesis test? α = 0.05
a. Fail to reject Ho. Conclude that there is insufficient evidence to claim that the two distributions are not identical.
b. Reject Ho. Conclude that there is sufficient evidence to claim that the distributions are shifted from each other.
c. Reject Ho. Conclude that there is sufficient evidence to claim that the distributions are not identical, and that people wait longer on the phone while listening to airline advertisements rather than classical music.
d. Reject Ho. Conclude that there is sufficient evidence to claim that the distributions are not identical, and that people wait longer on the phone while listening to classical music rather than airline advertisements.
In: Math
Need a simple explanation as to how gyroscope precession occur in a spinning wheel which is held up by one end of its axle.
In: Physics
In: Nursing
In: Computer Science
Please completely answer the below Biostatistic question.
Hurricanes Rita and Katrina caused flooding of large parts of New Orleans, leaving behind large amounts of new sediment. Before the hurricanes, the soils of New Oleans were known to have high concentrations of lead, a dangerous toxin capable of creating potential health hazard. Zaharan et al. (2010) were interested in the human health impacts of the flood and so measured lead concentrations of blood (in ug/dl) of children who lived in 46 different affected areas both before and after the floods. Complete the responses for the following R outputs.
R Output
data: lead$bloodLeadAfter and lead$bloodLeadBefore
t = -8.031, df = 45, p-value = 3.107e-10
alternative hypothesis: truedifference in means is not equal to 0
95% confidence interval: -2.411851 -1.444671
sample estimates: mean of the differences = -1.928261
a.) Name the sampling unit and sample size
b.) Name the variable(s) and associated scale(s)
c.) Name the design (one-sample t-test, two-sample t-test, paired t-test)
d.) Is this an appropriate design, given the narrative above? Why or why not?
e.) Name the population parameter of interest, using specific descriptors from the narrative (hint: write what are we estimating in specific terms)
f.) Use the output to write the null hypothesis for the associated t-test (be sure to state it in terms of the population parameter of interest)
g.) Use the confidence interval from the output to write a statement about the set of plausible values for the parameter estimate, and to evaluate the plausibility of the null hypothesis.
h.) Use the null hypothesis to write a statement interpreting the p-value from the output. (Do not use more or less than 0.05.as reasoning)
In: Math
What is the enhanced ER Model? Explain extended ER features: Specialization, Generalization, and Aggregation with your clear definitions/ideas/differences in your own words and give at least one appropriate example for each one of them?
In: Computer Science
In this simulation, you continue in your role of Senior Vice
President for Marketing at Enhanced Analytics, Inc., a provider of
marketing and consulting services, with headquarters in Austin,
Texas. In this role, you report directly to the CEO of the company
and are responsible for decision-making and marketing strategy. You
oversee a department with 25 employees at the company.
The company's board of directors thinks that a reorganization of
the company will improve decision-making and profitability. You have
just found out that the board has been in discussions with the
company's CEO regarding the appropriate funding level and structure
of each department. The activities of each department and office
will be reviewed within the next 60 days. A prominent member of the
board thinks that funding for the marketing department - your
department - should be reduced significantly. In his opinion,
primary emphasis and the most funding should go to the management
and finance areas.
You disagree. While most funding in your department is used to plan
and create specific marketing campaigns, some of the money is spent
on training and on keeping your staff up to date on the latest
technologies and trends in marketing management. You think both
activities are essential and a reduction in funding will be
detrimental to the long-term success of the department. A reduction
in funding will also result in a need to lay off staff.
In your role as head of the department, you are given an
opportunity to present your views. There is an apparent lack of
appreciation for marketing among some of the folks who make up the
reorganization committee. The CEO of the company admitted as much
at breakfast, this morning, when she has asked you to prepare a
persuasive presentation to convince the reorganization committee of
the importance of marketing within the organization.
Along with your in-person presentation at the committee's next
meeting, your task is to prepare a written report for the committee
members.
Prepare a written report for the members of the reorganization
committee, containing the following sections:
1. Marketing Management - introduce the concept of marketing, its
importance and application
2. Case Study - introduce and describe an example of a company (choose a well-known company that your audience can easily recognize and relate to) and illustrate how marketing is an essential function within the organization. You may use sources such as the company's annual report, scholarly articles found using Google Scholar and articles from business periodicals, such as the Wall Street Journal, Financial Times and BusinessWeek. Since this is a persuasive report, make sure to use specific data and facts that are both truthful and convincing.
3. Lifelong Learning - explain the importance of continuous learning and of staying up to date in the field of marketing.
4. Conclusion - sum up your key points and ask the committee to
maintain or increase the funding for your department.
Include outside research to support your ideas and your conclusion.
There is no page limit to this assignment. The assignment will be
considered well-done if it contains all the required sections, if
it is clearly written and your thoughts and ideas are supported by
specific data and research.
In: Operations Management
use a page(roughly 300 words )to review Matthew Hayday, “Fireworks, Folk-Dancing and Fostering a National Identity: the Politics of Canada Day” Canadian Historical
• First Step:
Read Actively. Read the work through once. During this reading, pay attention to: (a) the author’s purpose; (b) the main ideas of the passage/article; (c) the author’s argument; (d) the support for the argument; (e) the author’s insights. This information will have to be concise and clear in your précis.
• Second Step:
Summarize . Read the work through again. Make a one-sentence summary of each paragraph or major division in the text. Now you have created a basic outline of the work.
• Third Step:
Writing. Depending on the required length of the assignment, write a short introductory paragraph or sentence. This should include, at a minimum, the author, the title and the thesis or main idea. Use the sentences you wrote in the second step as details to develop your short précis paragraph or as topic sentences for the body paragraphs in a longer précis assignment. Keep the body paragraphs as concise as possible, but make sure to include the necessary information that you noted when reading the work through the first time (purpose, research, methods, insights, support). To conclude the précis, summarize the thesis in a new paragraph and list any conclusions made by the author.
• Fourth Step:
Editing and Proofreading. Check your précis to make sure it meets all requirements. Check the initial work to make sure you have made a complete summary and have not added any personal opinion. Check for correct spelling and grammar, clarity, and coherence. Finally, read your précis aloud.
In: Psychology
MAN4402
Discussion Question
1.) More and more these days, companies are requiring new hires to be nicotine free. This is due to several factors, including a healthier workforce and cost savings just to name a couple. What are your thoughts about this practice? Would you work for a company that wanted to control its employees' activities to the extent that it prohibits them from smoking? After all, what else could they try to prohibit? What are your thoughts?
In: Operations Management
What are distributed systems explain and discuss types of distributed systems. Compare and contrast distributed systems and clusters. Similarities and differences between distributed memories and distributed systems.
In: Electrical Engineering
s) Sketch a rotary vane steering gear, label the parts
and explain how it functions.
b) List five (5) vital checks to carry out prior to the ship
sailing out of port.
c) Draw a basic direct expansion refrigeration cycle and describe
its operation
d) In Heating Ventilation and Air Conditioning (HVAC), explain what
operation is carried
out to achieve comfort (in terms of humidity) during summer and in
winter.
In: Mechanical Engineering