1. Explain what is meant by Generally Accepted Accounting Principles (GAAP). 2. What is the FASB, and what does this organization do? 3. What is the SEC, and what does this organization do? 4. In light of the ongoing economic crisis, do you think these organizations are doing a good job? Why or why not?
While Charlie is out of the shop, a local meat vendor calls and asks to speak to the manager of Brubaker's Grill regarding a money saving deal he can offer on hamburger meat. Joe is excited to talk with the vendor. He is anxious to prove to Charlie that he can be a manager, so he arranges a meeting with the vendor to explore the
Calculate Company A's weighted average cost of debt, given the following information: (a) Tax Rate: 20%, (b) Average Price of Outstanding Bonds: $1,120, (c) Coupon Rate: 5%, (d) NPER: 27, (e) Debt: $33,000,000, (f) Equity: $24,000,000, and (g) Preferred Stock: $5,000,000. Calculate Company B's weighted average cost of equity
Debbie's Book Nook sells textbook material bundles for $17.00 each, the variable cost per pack is $12.50, fixed costs for this operation are $325,000, and annual sales are 117,000 bundles. The unit variable cost consists of a $3.50 royalty payment, VR, per bundle to publishers plus other variable costs of VO = $9.00. The royalty
On July 7, you purchased 500 shares of Wagoneer, Inc. stock for $21 a share. On August 1, you sold 200 shares of this stock for $28 a share. You sold an additional 100 shares on August 17 at a price of $25 a share. The company declared a $0.95 per share dividend on August 4 to holders of record as of Wednesday, August 15. This
Scenario: Four Flags is a retail department store. The following cost-volume relationships were used in developing a flexible budget for the company for the current year: Yearly Fixed Expenses Variable Expenses per Sales Dollar
A manufacturer of small chain saws has determined: R(x)=xp(x)=x(200-x/30)=200x-x^2/30 C(x)=7200+60x Where x is the number of saws that can be sold at price $p per saw and C(x) is the total cost (in dollars) of producing x saws. a. Find the marginal cost b. Find the marginal revenue c. What is the minimum number of saws s
X and Y are both standard normal random variables (mean = 0, standard deviation = 1), statistically independent of each other. Create a simulation model to estimate the probability that X and Y are both positive and that their sum is less or equal to 1. This probability is A. Less than 12.5%. B. Between 12.5% and 25%. C. Be
Safe and Bright Inc produces outside doors for installation on homes. The following information was gathered to prepare budgets for the upcoming year beginning Jan 1: Sales force in units...........................................................................5,500 doors Finished goods inventory Jan 1........................
How would video world evaluate each of these we need to briefly explain the answer we use. A- An individual video arcade within a chain of video arcades B - A snack bar within one of the companys arcades C - D particular video game within one of the companys arcades D - Security officers at each arcade location How woul
Find an estimate of the risk-free rate of interest (krf). For the value, go to Bloomberg.com: Market Data and use the "U.S. 10-year Treasury" bond rate (middle column) as the risk-free rate. You also need a value for the market risk premium. Use an assumed market risk premium of 9.00%. Download the XYZ Stock Information which i
1) Consider a regular deck of cards where the cards ace, jack, queen, and king are numbered 1, 11, 12, and 13 respectively. Consider the experiment of drawing two cards randomly from this deck without replacement. a. Describe the outcomes of this experiment. List the elements of the sample space. b. What is the probability o
For each statement indicate the accounting term or terms described: A. Examination of differences between costs to be incurred and revenue to be earned under different courses of action. B. A cost incurred in the past that cannot be changed as a result of future actions. C. Costs and Revenue that are expected to vary depend
Question: Zimmerman's Bank is the only bank in the small town of St. Thomas. On a typical Friday, an average of 10 customers per hour arrive at the bank to the transact business. There is one teller at the bank, and the average time required to transact business is 4 minutes. It is assumed that service times may be described by
Use the data in the spreadsheet "HW #2" to answer the following. 1. Construct a scatter diagram for Math and Science scores. 2. Develop a regression model for predicting Science score as a function of Math score. 3. Use the regression model to predict the Science score given a Math score is 90.
Statistics and Data Analysis: define data/information, population/sample, skewness, proportion. List Excel charts.
Please assist by providing brief answers to the following questions: 1. Explain the difference between data and information. 2. What is the difference between a population and a sample? 3. List the different types of charts available in Excel, and explain characteristics of data sets that make each chart most appropriate to
Given a group of 680 people, will 2 people have the exact same initials for both their first and last names? Explain the answer.
An investment with total costs of $10,000 will generate total revenue of $11,000 for the year. Management thinks that since the investment is profitable, it should be made. Do you agree? What additional information would you want? If funds cost 12 percent, what would be your advice to management? Would your answer be different i
1. You have a good understanding of math and a knack of explaining math to others. Several of your friends have asked you to help their kids with math. Now you are considering making some extra money doing private tutoring, and would like to conduct online research about your chances of success. Describe how you would apply the
A project has an expected duration of 34 weeks with a critical path variance of 6. Suppose the project network is given and the critical path is identified on the network. Suppose the normal time, crash time, and the associated cost for each activity is given. You have been asked by your supervisor to prepare a research paper t
Problem 1 Suppose a dividend of $1.25 was paid. The stock has a required rate of return of 11.2% and investors expect the dividend to grow at a constant rate of 10%. Complete parts (a) through (e) below. a) Compute D0, D1, D2, D3 and D7. b) Compute the present value of the dividends for t = 3 years. c) Compute the current ma
The ODU bookstore has decided to promote its new opening by having a shopping spree. The winner of the shopping spree will have to abide by the following rules. They will have 10 minutes to grab as many items as possible from the store. They must place a shopping cart in one spot and leave it there for the entire duration of the
What is the Most Appropriate Statistical Analysis? 231 catwalk models were asked their salary, age, work experience in years, and rated by their attractiveness.
Which is the best and why? A fashion student was interested in factors that predicted the salaries of catwalk models. She collected data from 231 models. For each model she asked them their salary per day on days when they were working (salary), their age (age), how many years they had worked as a model (years), and then got
Should salespeople be furnished with complete sales statistics not only on their own performance but on the performances of other salespeople and on the company as a whole? What do you see as the advantages and disadvantages of distributing complete sales statistics to all the salespeople? (Answer provided in approximately 1
Parmian Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials $53,000. Indirect materials included in manufacturing overhead - $8,000 Direct labor - $62,000 Manufacturing overhead applied to work in progress - $41,000 Underapplied overhead - $8,000 Inve
Which do you think is best, and why? The statistical measures that characterize dispersion are: A. Range, variance, standard deviation B. Mean, median, mode C. Range, mean, standard deviation D. Correlation, frequencies, standard deviation
Need assistance with this statistic problem - (in excel format) "Lies, damned lies, and statistics" is a phrase describing the persuasive power of numbers, particularly the use of statistics to bolster weak arguments, and the tendency of people to disparage statistics that do not support their positions. It is also sometimes
This is the following problem: Idaho Paper Co include the following information relating to the current year: Dec 31 Jan 1 Materials inventory................................................... $20,000 $25,000 Work in process invent
Rob Johnson is a product manager at Diamond Chemicals, which is considering whether to launch a new product line that will require it to build a new facility. The technology required to produce the new product is yet untested. If Rob decides to build the new facility and the process is successful, Diamond Chemicals will realize
Mr. T must decide whether to invest $10,000 in the stock market (SM) or saving bond (SB) at an interest rate of 8%. If he invests in the stock market for a year and the market is good, he could get a 12% return on his money. On the other hand, if the market is bad, he will get nothing. Suppose there is a 60% chance of a good