Compare the present value of all equity firm and present value of levered firms. Which one is bigger? Why?
Sampa Video, Inc. was the second largest chain of videocassette rental stores in the greater Boston area, operating 30 wholly owned outlets. Begun in 1988 as a small store in Harvard Square catering mostly to students, the company grew rapidly, primarily due to its reputation for customer service and an extensive selection of foreign and independent movies. These differentiating factors allowed Sampa Video to compete directly with the leader in the industry, Blockbuster Video. But unlike the larger rival, Sampa had no ambitions to grow outside of its Boston territory. Exhibit 1 contains summary financial information on the company as of their latest fiscal year-end.
In March 2001, Sampa Video was considering entering the business of home delivery of movie rentals. The company would set up a web page where customers could choose movies based on available in-store inventory and pick a time for delivery. This would put Sampa in competition with new internet-based competitors, such as Netflix.com that rented DVDs through the mail and Kramer.com and Cityretrieve.com that hand delivered DVDs and videocassettes.
While it was expected that the project would cannibalize the existing operations to some extent, management believed that incremental sales would be substantial in the long run. The project would provide customers the same convenience as internet-based DVD rentals for the wider selection of movies available on videocassettes. Sampa also planned to hand deliver DVDs. The company expected that the project would increase its annual revenue growth rate from 5% to 10% a year over the following 5 years. After that, as the home delivery business matured, the free cash flow would grow at the same 5% long-term rate as the videocassette rental industry as a whole. Exhibit 2 contains management’s projections for the expected incremental revenues and cash flows achievable from the project.
Sampa management’s major concern was the significant up-front investment required to start the project. This consisted primarily of setting up a network of delivery vehicles and staff, developing the website, and some initial advertising and promotional efforts to make existing customers aware of the new service. Management estimated these costs at $1.5 million, all of which would be incurred in December 2001, as the service would be launched in January 2002.1
Management was debating how to assess the project’s debt capacity and the impact of any financing decisions on value. In thinking about how much debt to raise for the project, two options were being considered. The first was to fund a fixed amount of debt, which would either be kept in perpetuity or paid down gradually. The second alternative was to adjust the amount of debt so as to
1 For the purposes of this exercise, it is assumed that all start-up costs would have been capitalized, and depreciated over time. In reality, some of these costs would have been capitalized (e.g., investment in delivery vehicles) while others would have been expensed immediately (e.g., advertising costs). ___________________________________
Answers
The present value of all equity firm is larger than the present value of levered firms, as adding debt to a firm increases the risk to investors and lowers the value of the firm.
The present value of an all equity firm would be lower than the present value of a levered firm, as the use of debt in a levered firm provides tax shields and increases the financial leverage, which in turn can increase the return on equity for the shareholders. This is due to the fact that debt is cheaper than equity and the interest paid on debt is tax-deductible, which reduces the taxable income and increases the cash flow available for the shareholders.
Therefore, in general, the value of a levered firm is greater than the value of an all equity firm. However, the optimal capital structure of a firm depends on various factors, including the cost of debt and equity, the risk profile of the firm, and the tax laws, among others.
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Related Questions
The average annual salary of the employees of a company in the year 2005 was $70,000. It increased by the same factor each year, and in 2006 the average annual salary was $82,000. Let y represent the average annual salary, in thousand dollars, after x years since 2005. Which of the following best represents the relationship between x and y
Answers
The equation for the connection among x and y is y = 70 + 12x.
Why is it referred to as salary?Because salt was so precious, soldiers with in Roman army were occasionally paid with salt rather than cash . This Latin origin may be found with in French word "salaire," which later became the term "salary" in the English language.
In 2005, the average annual wage was $82,000, which is $12,000 higher than the estimated annual wage of $70,000 in 2005. This indicates that each year, the average yearly pay climbed by $12,000.
As a result, the relationship between y, the average yearly income in dollars, and x, the amount of time since 2005, may be expressed as:
y = 70 + 12x
According to this calculation, the average yearly pay has increased by $12,000 since 2005.
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What is the elasticity of an upward sloping demand curve?
Answers
The elasticity of a product is less in an upward-sloping demand curve.
The slope of a product's demand curve is affected by elasticity. An upward slope indicates a steeper demand curve and a less elastic product. Out of curves with different slopes, the one which has a flatter demand curve indicates a greater quantity demanded a response to a change in price, which makes it more elastic. Inelastic products are those which have low price elasticity.
Generally, non-staple products have high price elasticity. An important factor that affects demand elasticity is the availability of substitute goods that are close to the product being considered.
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Elasticity measures the responsiveness of quantity demanded to changes in price. When the demand curve slopes upward, it implies that as price increases, quantity demanded also increases. In this case, the elasticity of demand is greater than zero but less than infinity.
To determine the precise elasticity at a particular point on the upward sloping demand curve, we need to consider the price and quantity values. The formula for price elasticity of demand is:
Elasticity = (% change in quantity demanded) / (% change in price)
If the percentage change in quantity demanded is greater than the percentage change in price, the elasticity will be greater than one, indicating elastic demand. This means that a small change in price will lead to a proportionally larger change in quantity demanded.
On the other hand, if the percentage change in quantity demanded is smaller than the percentage change in price, the elasticity will be less than one, indicating inelastic demand. In this case, a change in price will have a relatively smaller impact on the quantity demanded.
In summary, the elasticity of an upward sloping demand curve is positive, but the specific value of elasticity depends on the price and quantity values at a given point on the curve.
aggregating prospective buyers into groups that have common needs and will respond similarly to a marketing action is multiple choice psychographics. market delineation. market segmentation. consumer differentiation.
Answers
Aggregating prospective buyers into groups that have common needs and will respond similarly to a marketing action is market segmentation
Market segmentation is a marketing strategy in which select groups of consumers are linked so that certain products or product lines can be presented to them in a way that appeals to their interests. In marketing, request segmentation is the process of dividing a broad consumer or business request, typically conforming of being implicit guest, intosub-groups of consumers grounded on some type of participation characteristics.
Demographic, psychographic, behavioral and geographic segmentation are considered the four main types of request segmentation, but there are also numerous other strategies you can use, including multitudinous variations on the four main types. Then are several further styles you may want to look into.
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Monty Boyd, an account manager, travels frequently on West Coast Airlines. Monty earns points for every mile he flies, and he will soon have enough points to receive a free airline ticket. West Coast Airlines is attempting to build a strong customer relationship with Monty through a ________.
Answers
Answer:
frequency marketing program
Explanation:
A frequency marketing program is a strategy that companies use to increase loyalty, maintain their customers in the long term and get them to keep buying the products or services by generating connections giving them information that is adjusted to their specific needs. According to this, the answer is that West Coast Airlines is attempting to build a strong customer relationship with Monty through a frequency marketing program because this program tries to generate a long term relationship with the customers so they keep using the service as in this case where the customer gets points by using the service that can be exhanged for rewards.
A protocol stack is
another way of saying "network address"
O a set of supporting protocols in a series of layers
O the order of precedence in the transmission control protocol
O another way of saying "TCP/IP"
Answers
A protocol stack is: b. a set of supporting protocols in a series of layers.
What is protocol stack?A protocol stack refers to a set of communication protocols that are used together to facilitate communication between different devices on a network. The protocol stack is organized into different layers, with each layer responsible for a specific aspect of the communication process.
The layers in the protocol stack work together to ensure that data is transmitted reliably and efficiently across the network. Common examples of protocol stacks include the OSI model and the TCP/IP model.
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A PERSON WHO DIES WOTHOUT A WRITTEN WILL IS SAID TO HAVE DIED INTESTATE: True False Question 36 \( 2.5 \) pts A BAILMENT IS A SITAUTION WHERE POSSESSION BUT NOT OWNERSHIP IS TRANSFERED: True False
Answers
True. When an individual passes away without a legally documented will, it is referred to as dying intestate.
True. A bailment occurs when possession of an item is transferred to another party, while the ownership of the item remains with the original owner.
Intestate refers to the legal status of a person who has passed away without leaving behind a written will or testament. When someone dies intestate, their estate and assets are distributed according to the laws of intestacy, which vary depending on the jurisdiction.
In such cases, the distribution typically follows a predetermined order, prioritizing immediate family members. Intestate succession laws aim to provide a framework for the fair and equitable distribution of assets in the absence of explicit instructions from the deceased.
Seeking legal advice is crucial to navigate the complexities and ensure compliance with the applicable intestacy laws.
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what are the barriers in communication?
Review the following scenario, which describes a situation between two coworkers, and respond to the questions which follow applying your learnings from this course. Jenna is a Health Care Assistant w
Answers
Barriers in communication refer to factors or obstacles that hinder effective and efficient exchange of information between individuals. These barriers can occur at various levels.
Including interpersonal, organizational, cultural, and technological. Some common barriers in communication include:
1. Language Barriers: Differences in language or dialects can impede understanding between individuals who do not share a common language.
2. Lack of Clarity: Unclear or ambiguous messages, use of technical jargon, or complex terminology can lead to misunderstandings and misinterpretations.
3. Noise: Environmental factors such as background noise, distractions, or poor audio quality can disrupt communication and make it difficult to convey or receive messages accurately.
4. Emotional Barriers: Emotional states like anger, stress, or fear can affect communication by causing individuals to become defensive, unresponsive, or unable to articulate their thoughts effectively.
5. Cultural Differences: Diverse cultural backgrounds, beliefs, values, and communication norms can create barriers in understanding and interpreting messages accurately.
In the given scenario between Jenna, a Health Care Assistant, and her coworker, the barriers to effective communication may include any of the above factors, such as language barriers (if they have different native languages), lack of clarity in conveying information, noise in the healthcare setting, emotional barriers due to stress or pressure, or even cultural differences impacting their communication styles and understanding.
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3) What is the present value of $1000, received at the end of 4 years of investment, with a discount rate of 4%?
Answers
Answer:
$854.81
Explanation:
The formula for calculating the present value is as below
PV = FV/( 1 + r)^n
Where Fv =1000
r = 4% or 0.04
n= 6
PV = $1000/ (1 + 4/100)^4
PV=$1000/(1 + 0.04)^4
PV=$1000/1.16985
PV =$854.81
.
Answer:
3629.9
Explanation:
I just did the test and thats what it told me the correct answer was.
The average ticket prices for concerts held by 6 different artists in 2000-01 are as follows: Barbra Streisand $483.61 Luciano Pavarotti $105.78 The Eagles $ 89.22 Bruce Springsteen $ 65.20 George Strait $48.60 Phish $30.50 Given that the incremental costs of mounting a show are roughly the same for all performers, what do you think accounts for the wide variation in the average ticket price commanded by the artist? Do you believe that all of these artist are seeking to maximize expected revenue for their concerts? If not why not, and what might they be trying to do?
Answers
The wide variation in the average ticket price commanded by each artist can be attributed to several factors. Firstly, the popularity and demand for each artist can play a significant role in determining ticket prices.
Barbra Streisand and Luciano Pavarotti, for example, are both highly regarded and well-known performers in their respective genres, which can justify their higher ticket prices.
Additionally, the size and location of the venue can also impact ticket prices. The Eagles, for instance, may perform in larger stadiums than Phish, which can lead to higher ticket prices due to the increased capacity and demand for tickets.
Furthermore, the type of experience offered by each artist can also influence ticket prices. Bruce Springsteen and George Strait may appeal to more casual music fans who are willing to pay a lower price for a concert, while Phish may attract a more dedicated and passionate fanbase who are willing to pay more for a unique and immersive concert experience.
In terms of whether all of these artists are seeking to maximize expected revenue for their concerts, it is likely that they all have different goals and motivations. While revenue is certainly important, some artists may prioritize other factors such as audience engagement, artistic expression, or even philanthropy.
For example, some artists may choose to offer discounted or free tickets to certain groups or charitable organizations, which may not directly maximize revenue but can still have a positive impact on their brand and reputation.
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The decision on the optimal ticket price for a concert is typically a complex one that depends on various factors, including the artist's popularity, production costs, venue size, and target audience. While revenue maximization is often a key consideration, it is not the only factor that influences the pricing decision.
For example, Barbra Streisand, a well-known and popular artist with a large fan base, could command a higher ticket price due to the high demand for her concerts. On the other hand, Phish, a less well-known artist, may need to charge a lower ticket price to attract enough fans to fill a venue.
Additionally, the production costs may also play a role in the ticket price, as some performers may have more elaborate and expensive stage setups or require more expensive technical equipment, which would drive up the cost of mounting a show.
Regarding whether all of these artists are seeking to maximize expected revenue for their concerts, it is possible that some may have other goals beyond simply maximizing revenue. For example, some artists may prioritize reaching new audiences, promoting a particular message or cause, or maintaining their artistic integrity, even if it means sacrificing some potential revenue.
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By making small purchases and paying the ______________ amount each month, a potential borrower shows a lender how they use credit wisely.
entire
minimum payment
late fee
interest
Answers
Answer:
entire
Explanation:
Lenders will always check a borrower's credit history before advancing credit to them. The lenders' main interest is to assess the risk involved in extending credit to a customer. A borrower with a history of late payments and defaulting on loans is considered high- risk and unsuitable for credit facilities.
Lenders prefer clients who are quick in debt repayments. They consider them a low-risk customer and highly unlikely to default on loans. Such customers will always have a low debt-to-income ratio.
If there is always a three-for-one tradeoff between goods X and Y, then the PPF between X and Y is:_______
a. a downward-sloping curve that is bowed outward.
b. a downward-sloping curve that is bowed inward.
c. a downward-sloping straight line.
d. an upward-sloping straight line.
Answers
Answer:
c. a downward-sloping straight line.
Explanation:
In case when there is a three for one tradeoff lies between the X goods and Y goods so the curve of PPF should be fall sloping contains straight line. This slope should be downward as it generated more and more of one goods and it could be sacrificed for the other good and the reason of the straight line is that here the opportunity cost would remain the same or constant
Therefore in the given case, the correct option is C.
A straight line, downward - sloping demand curve often mean that, as price falls, there is an elasticity of demand. If there is always a three-for-one tradeoff between goods X and Y, then the PPF between X and Y is a Downward-sloping straight line.
Trade-off is simply known as a situational decision. It is simply the reduction of one quality, quantity, or property so as to get gains in other areas.It is simply known as where one thing increases, another have to decrease. it often arise from limitations of a lot of source.
It is often called a tactical or strategic choice made with full knowledge of the advantages and disadvantages of each decision.
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Question 9 of 20
What is a sales quote?
A. A statement that summarizes items purchased and the prices
paid
B. A statement that details a purchase and requests payment of the
specified amount due
C. An estimate that offers to provide goods and services at a
specified price and sometimes by a specified date
D. A request to buy specified items at the seller's price
SUBMIT
Answers
Answer: C. An estimate that offers to provide goods and services at a
specified price and sometimes by a specified date
Explanation:
is the correct answer
The sale quote is an estimate that offers to provide goods and services at a specified price and sometimes by a specified date. The correct option is (C).
What do you mean by the term sale?A sale is a transaction that involves exchanging products or services for a specific sum of money.
To put it another way, a sale is any action that involves giving the buyer possession of a thing or commodity in return for payment.
The availability of the goods and services that are to be acquired as well as the seller's authorization to transfer the goods and services to the appropriate buyer are among the conditions precedent to a sale.
Sales support the growth of a business. Better sales translate into better earnings, which aid in the development and growth of the company. Therefore, the profit and margin are better the more that is sold.
Therefore, the sale quote is an estimate that offers to provide goods and services at a specified price and sometimes by a specified date.
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Statement of financial position is prepared to calculate the profit for the year of the business.
True
False
Answers
questions. question numbers (1.1.1 to 1.1.5) in the ANSWER BOOK, e.g. 1.1.10 C 1.1.1 A problem-solving technique where a team of experts are given ques to obtain their opinions without bringing them to the same place. A. Force-field 8. Empty chair C. Brainstorming D. Delphi 1.1.2... is aimed at facilitating change in the business. A. Force-Field technique B. Delphi technique C. Chair technique D. Empty chair technique 1.1.3 The... can be used as a form of non-verbal communication. A. Pie chart B. Informal conversations C. Indigenous knowledge D. Panel discussions 1.1.4. Which one of the following is a research instrument? A. Market research B. Nominal group technique C. Flyer D. Questionnaire 1.1.5.... is one of the of legal requirements that a business must comply with A. National Credit Act B. Size of the business C. Legal protection D. Number of owners required
Answers
The force-field analysis method in social science offers a framework for examining the variables (or "forces") that affect a situation, originally social circumstances. It examines factors that are either promoting movement toward a goal (helping factors) or impeding that advancement (hindering forces).
Hence, Delphi, Force-Field technique, Pie chart, Questionnaire, and Legal protection. These are the answers respectively.
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Create a comic strip, poster, or other visual art presentation that illustrates the forces of supply and demand, just as the dance routine in Supply and Dance, Man illustrated it using
the example of selling canes. Invent a fictitious business and illustrate how the business's successes shift supply and demand. Identify the supply and demand factors at play.
Answers
Answer:
demand is equal to 1000 and factors is equal to 5000
Multiple Choice Credentials are an official verification, from an accredited source, attesting to capability. O True O False
Answers
Answer:
False
Explanation:
Certifications are official verification, from an accredited source, attesting to capability, not credentials. Certifications include diplomas and degree certificates.
Credentials are only qualifications, personal quality, or achievement that shows a person is good at a skill. This can include getting a trophy for winning all games in a chess tournament.
Jermaine and Denise are the owners of a small company. They are moving to a new office space and need to decide on a layout that will work best for them and their 12 employees. Jermaine wants to have one big communal workspace for all employees, including Denise and himself; a conference room; a big break room; and two smaller rooms with doors where employees can go if they need to have a private telephone conversation with a client. Denise wants offices for Jermaine, herself, and their two department managers; cubicles for all other employees; a conference room; a meditation room; and a small break room. After talking, Denise and Jermaine each agree to make certain concessions in order to get what they want. Together, they agree that Denise and Jermaine will have offices, and the managers and other employees will share a communal workspace. They will also have a conference room, a meditation room, a large break room, and one room for private calls with clients. What conflict management strategy have Jermaine and Denise used?
Answers
Answer:
compromising strategy
Explanation:
Compromising strategy is the conflict management strategy have Jermaine and Denise used.
What is compromising strategy?The "compromise" strategy aims to find a feasible solution that substantially, but not entirely, allayes the concerns of the parties involved. To purchase a car or home, end a divorce, or resolve labor contract issues, compromise is a common strategy.
When an agreement is reached and the parties part ways, the compromise process could enable both parties to feel secure in the knowledge that they have come up with a workable solution.
Compromise is defined as finding a middle ground or giving up some of your concerns while remaining dedicated to those of others. Striking a balance is the goal of this largely cooperative, fairly strong technique.
Thus, it is Compromising strategy.
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Concord’s Market recorded the following events involving a recent purchase of merchandise: Received goods for $67000, terms 1/10, n/30. Returned $1200 of the shipment for credit. Paid $300 freight on the shipment. Paid the invoice within the discount period. As a result of these events, the company’s inventory increased by...
Answers
The increase in Concord's Market inventory is $59,220.
The total amount of goods received was $67,000, but $1,200 of merchandise was returned, reducing the total to $65,800. Since the invoice was paid within the discount period (1/10), a discount of 10% (9/10) was applied to the remaining amount. Thus, the discount amount is $59,220 ($65,800 * 9/10). Therefore, the increase in Concord's Market inventory is $59,220.
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A student loan is money a person borrows in order to:A: purchase a new house.B: buy luxury goods.c. pay for college tuition.D. pay off existing debt.
Answers
A student loan is money a person borrows in order to pay for college tuition. Hence, option C is correct.
What is student loan?A student loan is a loan that is given to students expressly to assist them in paying for higher education, like university. Typically, the loan is divided into two portions: one for maintenance fees and the other for tuition.
Yes, there is normal debt, albeit some lenders impose penalties for early repayment. Yes, there is student debt, and fortunately there are no early repayment fees. You should, however, consider whether it is worthwhile to pay off your debt early.
From the day the Student Loans Company sends your first payment to you, your university, or your college, interest is charged every day until your loan is fully repaid or cancelled.
Thus, option C is correct.
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How much is it to start a buissness?
Answers
Answer:the average cot to start a business is 30,000
Explanation:
Which of these is a primary and secondary source of market research, respectively?
Answers
Answer:
The answer is focus group interviews and trade associations.
Explanation:
Primary rotates around interviews and trade associations revolve encompassing receiving something back. the primary reference of research is data assembled through original or first-hand examination while the secondary reference is the data information collect by someone in history.
You work for a marketing firm that has just landed a contract with Run-of-the-Mills to help them promote three of their products: guppy gummies, frizzles, and kipples. All of these products have been on the market for some time, but, to entice better sales, Run-of-the-Mills wants to try a new advertisement that will market two of the products that consumers will likely consume together. As a former economics student, you know the complements are typically consumed together while substitutes can take the place of other goods. Run-of-the-Mills provides your marketing firm with the following data: When the price of guppy gummies increases by 4%, the quantity of increases by 5% and the quantity of kipples sold decreases by 5%. Your job is to use the cross-price elasticity between guppy gummies and the other goods to determine which goods your marketing firm should advertise together. Complete the first column of the following table by computing the cross-price elasticity between guppy gummies and frizzen gummies and kipples. In the second column, determine if guppy gummies are a complement to or a substitute for each of the finter complete the final column by indicating which good you should recommend marketing with guppy gummies.
Answers
Cross elasticity of demand describes how changes in one good's pricing might impact how much of another is demanded. Depending on whether the two items are complementary, substitutable, or unrelated to one another, this connection may change.
Frizzles:
Cross price elasticity = Percentage change in quantity of frizzles / Percentage change in price of guppy gummies
= -22%/(-20%)
= 1.1
Complement (as cross-price elasticity is Positive)
Recommend marketing with Guppy Gummies - No (As they are substitutes.)
Kipples:
Cross price elasticity = Percentage change in quantity of Kipples / Percentage change in price of guppy gummies
= (7%)/(-20%)
= -0.35
Substitute (as cross-price elasticity is Negative)
Recommend marketing with Guppy Gummies - Yes (As they are complements)
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objective use to
achieve money
allocation to achieve
la desired outcome
Answers
The allocation to achieve the desired outcome can be from investing and working.
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Melvin finalized the process structure and associated time durations for the next production cycle. he is now busy assigning work to the employees in the factory, based on the process structure he developed. which step of production planning is melvin on now?
Answers
Melvin is currently on the step of production schedule. This step involves taking the process structure that has been developed and creating a detailed plan for the timing and assignment of tasks to employees.
Melvin's task of assigning work to employees is a crucial part of production scheduling as it ensures that the process will be completed on time and in an efficient manner.
During this step, it's important to consider factors such as employee availability, skill sets, and the equipment required for each task. By carefully planning and scheduling the production process, Melvin can ensure that the final product is of high quality, delivered on time, and meets the customer's expectations.
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Which of the following is not an example of professional behavior
?
Answers
which of the following most precisely describes a situation in which you could use fisher's exact test? A to test for independence between a continuous and a binary variable.
B to test for independence between two continuous variables C to test for independence between two binary variables
D to test for independence between a categorical and a continuous variable E in none of the other cases would this test be appropriate
Answers
Fisher's exact test is used to test for independence between two categorical variables. So, the option D, i.e., to test for independence between a categorical and a continuous variable most precisely describes a situation in which you could use Fisher's exact test.
What is Fisher's exact test?
Fisher's exact test is a statistical significance test used to determine the probability of observing a distribution of frequencies within two categorical variables that is at least as extreme as the one observed in the sample, given that there is no association between the two variables.
It is primarily used when the sample size is small or when the expected cell frequencies are below 5.The test statistic for Fisher's exact test is based on the hypergeometric distribution.
The test calculates the probability of observing a distribution as extreme or more extreme than the one observed, under the assumption of independence between the two variables. If the probability is small, we conclude that the two variables are not independent of each other.
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According to this image :
1- What is the age range of the generation with the highest amount of household debt?
2-Which is the only generation to decrease its average debt from 2019 to 2020?
3-Compare the rate at which Gen Z’s debt increased from 2019 to 2020 compared to other generations.
With an increase of 67.2%, Gen Z’s debt increased at a much higher rate than other generations.
4-Calculate how long it would take for Gen Z’s average debt ($16,000) to reach Gen X’s level of average debt ($140,000) if it continued to increase at its current rate (67.2% per year).
5-Develop a logical argument why Gen Z’s debt is rising at such a high rate when the Silent Generation’s debt is decreasing.
I have to turn this worksheet today, So please ANYONE help me out please ASAP..
Answers
Answer:
1. Gen X 41-56years
2. Silent Gen reduced debt by 4.6%
3.Baby boomers increased by 0.3% from 2019 to 2020, they had the least increase in debt
Gen X followed with 3.5% increase from 2019 to 2020 while Millenials had 11.5% increase in debt between 2019 and 2022. Even though Gen Z debt increased by 67.2%, they still have the lowest debt overall into two years.
4.Gen Z average debt $16,000
Gen X average debt $ 140,000
In 5years, it will meet up with Gen Xs level of debt
5. The silent Gen are the elderly, mostly retired and no longer taking new loans while Gen Z is the younger generating, newly exploring the world, teenagers and students, young school leavers and new work force taking loans at the slightest offer. The silent age are no longer active, they are most been taken care of and won't be taking loan facilities for any purpose. Student loan, technology etc is available and most suitable for the age range of Gen Z, hence the difference in the loan dimension.
There are seven steps in the accounting cycle. Which of the following is the seventh step?
a.Prepare financial statements
b.Analyze transactions
c.Close the accounts
d.Adjust the accounts
Answers
The answer to the question is option a. There are seven steps in the accounting cycle. The seventh step is to prepare financial statements.
What is accounting cycle? The accounting cycle is a collection of procedures that businesses follow to report their financial transactions. It starts with the recording of individual transactions and finishes with the creation of financial statements. The seven steps in the accounting cycle are as follows:
Analyze Transactions: In this phase, accountants evaluate and document financial transactions and their related data. They investigate source records such as checks, invoices, and receipts to figure out how a transaction should be categorized.
Record Transactions: This phase involves entering financial data into an accounting system or computer software. It includes inputting information such as account numbers, amounts, and dates. Post Transactions: This stage entails transferring data from a journal into a ledger. It ensures that debits and credits have been properly entered in the correct accounts.
Adjust Accounts: This phase includes examining and recording any additional transactions or adjustments needed to make the account balances accurate. It ensures that all accounts are properly up-to-date and consistent.
Prepare Financial Statements: Financial statements are created in this stage. These reports summaries the company's financial situation, income statement, and cash flow statement.
Close the Accounts: In this phase, temporary accounts like revenue, expense, and dividends are closed to permanent accounts like retained earnings, in order to zero out the balances.
Post-Closing Trial Balance: This step includes the creation of a post-closing trial balance. It ensures that the accounts have been properly updated and closed. The final figures for the period are presented in this trial balance.
The answer to the question is option a.
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Read the excerpt from It's Our World, Too!: Young People Who Are Making a Difference.
Andy Percifield had been busy, too. There were only two days before the next game. He was determined that his school would do the right thing, no matter what the principal said. He had an idea: maybe the students themselves could write a letter against racism that could be read over the microphone in the press box to everyone at the game. It would have to be powerful enough to satisfy the protesting players and shame the racist fans.
Which statement best describes how Andy has been affected by the conflict?
Answers
Hello. You forgot to show the answer options. The options are:
Andy has lost his faith in the system after talking to the principal and he has decided to act on his own.
Andy has become very angry about the racist fans and he will put an end to their comments no matter what.
Andy is intent on making a change for the better and putting an end to the racist comments coming from the racist fans.
Andy feels bad for the protesting players, but he does not want to get too involved in other people’s problems.
Answer:
Andy is intent on making a change for the better and putting an end to the racist comments coming from the racist fans.
Explanation:
Racism is the conflict that is bothering Andy, affecting him to the point of looking for a way to diminish racist comments and even prevent them from happening. In summary, we can say that the conflict causes Andy to look for changes in his schools, suppressing racism and promoting a more comfortable and fair environment for all students.
Answer:
I think it is:
C. Andy is intent on making a change for the better and putting an end to the racist comments coming from the racist fans.
Explanation:
I attached a pic of my question, pls help.
Answers
Farmer raising sheep.