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1 year ago

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A team of builders has surveyed buyers of their new homes for years. Consistently, only 48% of the buyers have indicated they we

re "quite satisfied" or "very satisfied" with the construction quality of their homes. The builders have adopted a revised quality inspection system to try to improve customer satisfaction. They have surveyed 400 buyers since then; these buyers seem representative, with no systematic changes from past purchasers. Of the 400 buyers, 210 indicated they were quite or very satisfied. Did they reach their goal? What is the appropriate test to perform?

1 answer:

Assoli18 [71]1 year ago

3 0

Answer:

Explanation:

So, the hypothesis is:

H0 : p = .48 versus Ha : p≠ .48

check the picture attached for more explanation

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In the United States, many agricultural products (such as corn, wheat, and rice) are subsidized. What are the benefits of subsid

timofeeve [1]

Answer:

Correct answer:

b) lower prices for consumers and producers

Explanation:

In United States of America, food is one of the fundamental things which the government guarantee its citizens. Most agricultural products are subsidized by the government both for the farmers (producer) and the citizens (consumers).

<em>The subsidy for the producer could be inform of payment of incentive, giving out agricultural implements and grants. On the other-hand, the subsidy to the consumer could be inform of reduced price of the agricultural food crops.</em>

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1 year ago

Masterson, Inc., has 4.1 million shares of common stock outstanding. The current share price is $84, and the book value per shar

Kitty [74]

Answer:

The answer is "8.37%".

Explanation:

$\text{MV of equity} = \text{equity price} \times \text{number of outstanding shares}$

$=84 \times 4100000\\\\=344400000$

$\text{MV of Bond1}=\text{Par value} \times \text{bonds outstanding} \times \text{age of percentage}$

$=1000 \times 70000 \times 0.98 \\\\=68600000$

$\text{MV of Bond2}=\text{Par value} \times \text{bonds outstanding} \times \text{age of percentage}$

$=1000 \times 50000 \times 1.08 \\\\=54000000$

$\text{MV of firm} = \text{MV of Equity} + \text{MV of Bond1}+ \text{MV of Bond 2}$

$=344400000+68600000+54000000\\\\=467000000$

$\text{Weight of equity W(E)} = \frac{\text{MV of Equity}}{\text{MV of firm}}$

$= \frac{344400000}{467000000}\\\\=0.7375$

$\text{Weight of debt W(D)}= \frac{\text{MV of Bond}}{\text{MV of firm}}$

$= \frac{122600000}{467000000}\\\\=0.2625$

Equity charges

By DDM.

$\text{Price = new dividend} \times \frac{(1 + \text{rate of growth})}{( \text{Equity expense-rate of growth)}}$

$84 = 3.95 \times \frac{(1+0.05)}{(\text{Cost of equity}- 0.05)}\\\\84 = 3.95 \times \frac{(1.05)}{(\text{Cost of equity} - 0.05)}\\\\84 = \frac{4.1475}{ (\text{Cost of equity} - 0.05)}\\\\\text{Cost of equity} -0.05 = \frac{4.1475}{84}\\\\\text{Cost of equity} -0.05 = 0.049375\\\\\text{Cost of equity} = 0.049375 + 0.05\\\\\text{Cost of equity} = 0.099375 \\\\\text{Cost of equity} \% = 9.9375 \% \ \ \ or \ \ \ 9.94 \% \\\\$

Debt expenses

Bond1

$K = N \times 2 \\\\$

$Bond \ Price = \sum [ \frac{\text{(Semi Annual Coupon)}}{(1 + \frac{YTM}{2})^k}] + \frac{Par\ value}{(1 + \frac{YTM}{2})^{N \times 2}}$

$k=1\\\\K =20 \times 2\\\\980 = \sum [ \frac {(5.1 \times \frac{1000}{200})}{(1 + \frac{YTM}{200})^k}] + \frac{1000}{(1 + \frac{YTM}{200})}^{20 \times 2}\\\\k=1\\\\\ YTM1 = 5.2628923903\\\\Bond2\\$

$K = N \times 2$

$Bond \ Price = \sum [ \frac{\text{(Semi Annual Coupon)}}{(1 + \frac{YTM}{2})^k}] + \frac{Par\ value}{(1 + \frac{YTM}{2})^{N \times 2}}$

$k=1\\\\K =12 \times 2\\\\$

$1080 =\sum [\frac{(5.6 \times \frac{1000}{200})}{(1 + \frac{YTM}{200})^k}] +\frac{1000}{(1 +\frac{YTM}{200})^{12 \times 2}} \\\\k=1\\\\YTM2 = 4.72\\\\$

$\text{Company debt costs} = YTM1 times \frac{(MV \ bond1)}{(MV \ bond1+MV \ bond2)}+YTM2 \times \frac{(MV \ bond2)}{(MV \ bond2)}\\\\$

The cost of the debt for the company:

$= 5.2628923903 \times \frac{(68600000)}{(68600000+54000000)}+4.72 \times \frac{(68600000)}{(68600000+54000000)}\\\\$

Business debt cost= $5.02 \% \\\\$

after taxation cost of debt:

$= \text{cost of debt} \times (1- tax \ rate)\\\\= 5.02 \times (1-0.21)\\\\= 3.9658\\\\$

$WACC= \text{after debt charges} \times W(D)+equity cost \times W(E) \\\\$

$=3.97 \times 0.2625+9.94 \times 0.7375 \\\\ =8.37 \% \\\\$

7 0

1 year ago

Today you deposited $15,000 into a 5-year CD that will pay 6 percent interest. How much will you withdraw from the account in 5

Soloha48 [4]

Answer:

The answer is 20073.38

Explanation:

FV = A * (1+ i)^n

FV = $15,000 * (1.06)^5= 20073.38

20073.38 will be withdrawn from the account in 5 years

4 0

2 years ago

Question 2 options: Assume that in short-run equilibrium, a particular monopolistically competitive restaurant (Applebee's) char

Triss [41]

Answer:

104

Explanation:

7 0

1 year ago

Assume that the demand for tuna in a small coastal town is given by p = 400,000 q1.5 , where q is the number of pounds of tuna t

oee [108]

Answer:

(a) p = $ per lb

p = $2.12 per lb

(b) q = lb (c)

q = $23320

Explanation:

p=750000/q^1.5=>

p'=-1125000q^(-2.5)<0 always

=>p is decreasing with the

increasing of q. So q should take

the allowable least value=5000.

=>

(a) the charge= 750000/(5000)^1.5= $2.12/lb

(b)The max. revenue=

q = lb (c) = 2.12(5000)= $23320

3 0

1 year ago