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stellarik [79]
3 years ago
12

The rates of return on Cherry Jalopies, Inc., stock over the last five years were 22 percent, 11 percent, −4 percent, 6 percent,

and 9 percent. Over the same period, the returns on Straw Construction Company's stock were 16 percent, 23 percent, −1 percent, 1 percent, and 17 percent. Calculate the variances and the standard deviations for Cherry and Straw
Business
1 answer:
cupoosta [38]3 years ago
5 0

Answer:

Cherry Jalopies, Inc.:

mean = (0.22 + 0.11 - 0.04 + 0.06 + 0.09) / 5 = 0.52 / 5 = 0.104

variance = [(0.22 - 0.104)² + (0.11 - 0.104)² + (-0.04 - 0.104)² + (0.06 - 0.104)² + (0.09 - 0.104)²] / 5 = (0.013456 + 0.000036 + 0.020736 + 0.001936 + 0.000196) / 5 = 0.007272

standard deviation = √0.007272 = 0.085276 = 8.53%

Straw Construction Company:

mean = (0.16 + 0.23 - 0.01 + 0.01 + 0.17) / 5 = 0.56 / 5 = 0.112

variance = [(0.16 - 0.112)² + (0.23 - 0.112)² + (-0.01 - 0.112)² + (0.01 - 0.112)² + (0.17 - 0.112)²] / 5 = (0.002304 + 0.013924 + 0.014884 + 0.010404 + 0.003364) / 5 = 0.008976

standard deviation = √0.008976 = 0.09474 = 9.47%

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At Sunland Company, events and transactions during 2020 included the following. The tax rate for all items is 20%. (1) Depreciat
e-lub [12.9K]

Answer:

B. $1673920

Explanation:

First calculate Total loss

$2000000 loss from disposal of a component of the business and loss of $92400 from strike by the employees of a supplier

$2000000 + $92400 = $2,092,400

20% of the loss =

20% × $2,092,400

= $418,480

Therefore the effect of these events and transactions on 2020 net income net of tax would = Total loss - 20% of total loss

$2,092,400 - $418,480

= $1,673,920

4 0
3 years ago
Suppose there are only two firms that sell smartphones: Flashfone and Pictech. The payoff matrix that follows shows the profit (
Vladimir [108]

Answer:

Flashfone and Pictech

The Nash equilibrium is achieved when Pictech and Flashfone price their smartphones high without the other party changing their strategy.  

Explanation:

a) Data and Calculations:

                                Pictech  

                          High         Low

             High     8   8        3  10

Flashfone

             Low    10   3        5   5

b) By acting at the Nash equilibrium and pricing their smartphones high, Pictech and Flashfone achieve a payoff of $8 million respectively.  This payoff level does not put any of the two firms at a disadvantage.

7 0
2 years ago
Opal Corporation, an accrual method, calendar year C corporation, was formed and began operations on July 1, 2019. The following
IceJOKER [234]

Answer:

The correct answer to the following question will be "$5427".

Explanation:

The given expenditures are:

Temporary director's as well as organisational meetings expenditures = $8000

Fee payable to either the incorporation province  = $2000

Incident accountants for organisation  = $3500

Legal resources and by-laws for writing the company charter = $4300

So that total qualifying expenses will be :

⇒  $17,800

Now,

Deduction regarding section 248 election:

Immediate expensing = $5000

Amortization = \frac{(total \ qualifying \ expenses-immediating \ expensing )}{180\times 6}

On putting the values in the above formula, we get

⇒                   = \frac{(17800-5000)}{180\times 6}

⇒                   = $427

Hence the deduction on election regarding section 248 = $5,427

5 0
3 years ago
A client asks his accountant to ignore a mistake which overstated the accounts receivable account. The accountant decides that t
svp [43]

Answer:

B. Stage 3

Explanation:

Kohlberg's stages of moral development refers to the various stages of how individuals respond morally and under what circumstances. The theory is based upon how morals guide our actions and moral dilemmas faced by individuals.

Among the various stages defined by Kohlberg, Stage 3 corresponds to acting to serve the best interests of the client as well as maintaining good interpersonal relationships.

Under stage 3, an individual seeks social approval in his acts i.e his actions are governed by social values.

6 0
2 years ago
​Jack's gross pay for the week is . His yeartodate pay is under the limit for OASDI. Assume that the rate for state and federal
yKpoI14uk [10]

Answer: $122.40

Explanation:

Jack's year to date pay has already exceeded the $7,000 limit on which State and Federal Unemployment taxes can be charged on his pay.

The amount the employer will pay is;

= FICA OASI Tax + FICA Medicare tax

= (1,600 * 6.2%) + (1,600 * 1.45%)

= 99.20 + 23.20

= $122.40

7 0
3 years ago
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