Use the following information and the percent-of-sales method to answer questions. Below is the 2004 year-end balance sheet for Banner, Inc. Sales for 2004 were $1,600,000 and are expected to be $2,000,000 during 2005. In addition, we know that Banner plans to pay $90,000 in 2005 dividends and expects projected net income o
Sacramento Light & Power issued preferred stock in 1998 that had a par value of $85. The preferred stock pays a dividend of 5.75%. Investors require a rate of return of 6.50% today on this stock. What is the value of the preferred stock today? Round to the nearest $1.
See attached for proper formatting ________________________________________ Exercise 2-2 Classification of Costs as Period or Product Costs [LO2] Suppose that you have been given a summer job at Fairwings Avionics, a company that manufactures sophisticated radar sets for commercial aircraft. The company, which is private
Please explain probability in Business relations.
Conduct an internet search for information on certificates of deposit. Discuss your findings in terms of what CDs are available and their rates. Calculate how much you would stand to make if you invested $1,000 on the best CD that you found. Also, calculate how amount of return on a $1,000 investment on the least desirable that
Marbury Bank was the holder of a 3-month note dated June 18th with a discount rate of 12%. The face value was $10,000. On July 20th, Marbury Bank rediscounted the note at LaPlata Bank at 11%. Discuss how to calculate how much Marbury Bank loaned to the maker of the note and how must Marbury would receive when the note was redisc
The list price for a radio is 22% higher than its net price. If the net price is $29.00, what is the list price? What is the amount of the trade discount? A certified public accountant discounts a bill to $294.00 when a client pays in cash, within 10 days. If the cash discount is 1.5%, how much would the customer have paid if
1) Megan made two announcements concerning its common stock today. First, the company announced that its next annual dividend has been set at $2.16 a share. Secondly, the company announced that all future dividends will increase by 4% annually. What is the maximum amount you should pay to purchase a share of Megan's stock if
1. Give at least 5 characteristics of the Bell Curve 2. For a normally distributed population, mean of 6.5 and standard deviation of 4, compute: a. The probability of picking one item from the population and having it fall between 6.5 and 14.5 b. The probability of picking one item and having it fall above 14
1. A sample of 20 pages was taken without replacement from the 1,591-page phone directory Ameritech Pages Plus Yellow Pages. On each page, the mean area devoted to display ads was measured (a display ad is a large block of multicolored illustrations, maps, and text). The data (in square millimeters) are shown below: 0 260 356
Please reflect on how research and statistics is a integral part of our lives and how important with all the greater awareness and skills.
There are 20 people in a room, 15 men and 5 women. Ten of the men are 30 years of age or older and the other five are under 30. Four of the women are under 30 and one is over 30. If I pick a person at random what is the probability of picking a man? A woman? If I pick a person at random what is the probability the pe
A certain airplane has two independent alternators to provide electrical power. The probability that a given alternator will fail on a 1-hour flight is .02. What is the probability that (a) both will fail? (b) Neither will fail? (c) One or the other will fail? Show all steps carefully.
Kim and Dan Bergholt are both government workers. They are considering purchasing a home in the Washington D.C. area for about $280,000. They estimate monthly expenses for utilities at $220, maintenance at $100, property taxes at $380, and home insurance payments at $50. Their only debt consists of car loans requiring a monthly
XYZ telemarketing company uses an outbound dialer to contact potential sales customers. Each day they have a different file size or potential customers and a different number of employees working. The dial through number represents the number of attempts made to call each guest (Dials/Number of Files). The conversion rate repres
Micropub is considering the purchase of one of two microfilm cameras, R, and S. Both should provide benefits over a 10 year period, and each requires an initial investment of $4000. Management has constructed the attached table of estimates of rates of return and probabilities for pessimistic, most likely, and optomistic results
The probability of throwing any two numbers on a die - say, either a 1 or a 2 - on a single throw is one chance out of three, or 33%. When calculating the probability of repeating favorable throws with a single die the probability of throwing a 1 or a 2 twice in succession is 1/9, which is the square of one chance out of
Discuss the two forms of commercial discounts. Your answer should include how they differ from one another. Examples of each should be provided.
Discuss the various ways in which business-owned property is depreciated (straight-line, declining balance, and units of production. Your answer should include how each method is computed.
Journal Entries Prepare the necessary general journal entries for the month of October for Stringer Company for each situation given below. Oct 1 Started computer business by selling $50,000 of common stock. Oct. 5 Paid operating expenses as follows: $4,000 Salaries Expense, $2,000 Rent Expense, $500 Util
From the following accounts and amounts prepare a balance sheet for the King Company for December 31, 2005. You must compute the amount for retained earnings to complete the balance sheet. Accounts Payable 61,250 Accounts Receivable 70,500 Building 50,000 Capital Stock 50,000 Cash 64,000 Equipment
Please read the below paragraph and explain what is meant by: non probability sampling may not be as accurate as probability sampling methods When the analysis is a based on an entire group or in other words all of the members of the group under study then the population is in place. A sample is taken when this population i
Your younger brother, Tom, just received information from his company on his benefits. He tells you that he is not interested in reading the retirement information because he has another 30 years of working before he can even consider retiring. You take a look at the information and see that his company offers a great 401(k) pla
Assume that x2, x7 and x8 are the dollars invested in three different common stocks from New York stock exchange. In order to diversify the investments, the investing company requires that no more than 60% of the dollars invested can be in "stock two". The constraint for this requirement SHOULD be written as: a) x2 > 0.60
This solution provides the learner with a real world example of a statistical sample and poplulation. The solution further compares and contrasts probability sampling with non probablilty sampling and provides a real world example of each.
Bernie and Pam Britten are a young married couple beginning careers and establishing a household. They will each make about $50,000 next year and will have accumulated about $40,000 to invest. They now rent an apartment but are considering purchasing a condominium for $100,000. If they do, a down payment of $10,000 will be requi
The accountant for ByComputers has $100Million in excess monies to invest. His orders to invest the whole dollar amount for one year in either bonds or stocks (but not both) and then to reinvest the entire fund in either bonds or stocks (but not both) for one year or more. The premise is try and maximize the expected monies valu
Conduct literature and internet research of sole proprietorships, partnerships, and corporations. Discuss the three business forms in terms of how they are formed, managed, and how they operate as business entities.
See attached problem regarding budget and expected cash collections. Exercise 9-1 Schedule of Expected Cash Collections Peak sales for Midwest Products, a wholesale distributor of leaf rakes, occur in August. The company's sales budget for the third quarter showing these peak sales is given below: July August Sep.
Discuss the importance for the business person to be able to add, subtract, multiply, and divide. Also, why is it important for us to be able to conceptualize business problems as equations.