BioTek”s 2005 annual report included the following income statement information.

(In millions, except earnings per share)
Year Ended June 30	2003	2004	2005
Revenue	$8,671	$11,358	$14,484
Operating expenses:
Cost of revenue	1,188	1,085	1,197
Research and development	1,432	1,925	2,502
Acquired in-process technology	0	0	296
Sales and marketing	2,657	2,856	3,412
General and administrative	316	362	433
Other expenses	19	259	230
Total operating expenses	5,612	6,487	8,070
Operating income	3,059	4,871	6,414
Interest income	320	443	703
Income before income taxes	3,379	5,314	7,117
Provision for income taxes	1,184	1,860	2,627
Net income	$2,195	$3,454	$4,490
Earnings per share	$0.86	$1.32	$1.67

Ratios often are used to assess changes in financial statement information over time. Use Bio-Tek”s income statements to answer the following questions. Express your answers as percentages.

a. What was the ratio of net income to net revenues each year?

b. What was the ratio of cost of revenues (cost of goods sold) to net revenues each year?

c. What was the ratio of operating expenses to net revenues each year?

d. What was the percentage change in net income between 2003 and 2004 and between 2004 and 2005? (Hint: Divide the increase in net income from one year to the next by the net income for the earlier year.)

e. Did Bio-Tek”s operating results improve between 2003 and 2005? Explain your answer.

A recent income statement for Applebees International (a restaurant chain) is provided below. It operates both company-owned and franchised restaurants.

Applebees International, Inc. Income Statement For the Year Ended December 30, 2001
(Dollars in thousands except per share amounts.)
Revenues:
Company restaurant sales	$651,119
Franchise income	93,225
Total operating revenues	744,344
Cost of company restaurant sales:
Food and beverage	175,977
Labor	208,996
Direct and occupancy	164,965
Pre-opening expense	1,701
Total cost of company restaurant sales	551,639
Operating expenses:
General and administrative expenses	72,935
Amortization of intangible assets	5,851
Loss on disposition of restaurants and equipment	1,492
Operating earnings	112,427
Other income (expense):
Investment income	1,650
Interest expense	7,456
Other expense	3,993
Total other expense	9,799
Earnings before income taxes	102,628
Income taxes	38,227
Net earnings	$64,401
Basic net earnings per common share	$1.74
Diluted net earnings per common share	$1.70

Use this financial statement to answer the following questions:

a. How much revenue did Applebees earn from food and drinks?

b. How much revenue did it earn from other operating activities?

c. How much revenue did it earn from nonoperating activities?

d. What amount of gross profit did Applebees earn? Express your answer both in dollars and as a percentage of total revenues.

e. How much expense did it incur for nonoperating activities?

f. Approximately how many shares of stock did Applebees have outstanding during the year?

g. How much operating income and net income did Applebees earn during the fiscal year? Express your answers both in dollars and as a percentage of total revenues.

h. Can the amount of cash Applebees received from its operating activities during the year be determined from the income statement? If so, what is that amount? If not, why not?

WSDL and PHP exercise.The exercise is split in 2 parts:
Part 1For the Hand-in Assignment for this week, please create a Web service using PHP. This should be similar to the examples provided in the Lecture Notes (see attachment). Be sure to include the client, server and WSDL files similar to those described. Upload the server and WSDL files to a web server. Keep the Web service fairly simple, unless you are confident of creating a more complex one—don’t bite off too much. Then post the URL for your WSDL file and any other information needed to a word document.Please do this ASAP, as others in the class will be waiting for class members’ Web services in order to complete Part 2.
Part 2
For this part, write PHP scripts to access and consume two Web services that other class members have made available to you from Part 1 of the Hand-in Assignment. You can keep the scripts relatively simple if you wish, or if you are confident, you can enhance them from the simple ones provided in the Learning Resources.Submit all of the files (five at least) and specify the URLs of the services that you consumed in Part 2. This is so the Instructor can test your Web service and your consumption of others.
PS: I need part 1 solution Tuesday May 6 the latest.As you noticed, in order for you to solve part 2, I need to give you 2 web services files from the class. I am still waiting my classmates to submit the files and I will submit them as soon as I get them so that you can write the PHP scripts.
Kindly submit part1 ASAP as a reply to this thread and entire assignment will be considered to be completed as soon as both parts 1 and 2 are done.

This paper is due tomorrow by midday, it is in two section A and B , and each section should have a separate reference list at the end of the section. APA is to be use throughout the entire paper. proper grammar and spellings must be respected. For section A I have attached two articles to chose one from and use to complete that particular section , and youmust paste the reference at the beginning of that section in APA as mention in the question. and for section A you cangather information from your own sources to respond , and remember to include in text citation as it is critical . a reference list must also be included at the end of this section in APA format. The paper must respond detailed to all the points mentioned in the assignment questions . and again APA is critical .

Entrepreneurial Finance
Instructions.
The project should be in one excel file. Problems 2-9 should be solved in one worksheet. Problem 1 requires 3 worksheets.
I will not accept files that are protected (I need to review your cells).
You should create your own templates for each problem.
For the Solver problems, please write down the options and constraints that you used to solve the problem. Follow the format of the instructions that appear on the worksheets that we did in class.
A’s Supermarket is determined to please its customers with a customer advantage card.

You and your eight-year-old nephew Elmo decide to play a simple card game. Atthe beginning of the game, the cards are dealt face up in a long row. Each card isworth a different number of points. After all the cards are dealt, you and Elmo taketurns removing either the leftmost or rightmost card from the row, until all the cardsare gone. At each turn, you can decide which of the two cards to take. The winner ofthe game is the player that has collected the most points when the game ends.Having never taken an algorithms class, Elmo follows the obvious greedystrategy—when it’s his turn, Elmo always takes the card with the higher point value.Your task is to find a strategy that will beat Elmo whenever possible. (It might seemmean to beat up on a little kid like this, but Elmo absolutely hates it when grown-upslet him win.)(a) Prove that you should not also use the greedy strategy. That is, show that thereis a game that you can win, but only if you do not follow the same greedystrategy as Elmo.(b) Describe and analyze an algorithm to determine, given the initial sequence ofcards, the maximum number of points that you can collect playing against Elmo.(c) Five years later, Elmo has become a much stronger player. Describe andanalyze an algorithm to determine, given the initial sequence of cards, themaximum number of points that you can collect playing against a perfectopponent

ENG102

First-Year Composition

Lesson 4: Fallacy Quiz

Your assignment consists of 10 multiple-choice questions.
Each question is worth 5 points for a total of 50 points.

Please make sure you have answered all questions prior to
submitting. Once you click the submit button, you will not be able to return to
this section.

Question

1of 10

Logical fallacies abuse the power of ethos appeals

True

False

Question

2of 10

Either you have a Facebook account, or you’re destined to be
friendless for the rest of your life. This is an example of a

Poisoning
the Well fallacy.

Bandwagon
fallacy.

Non
Sequitur fallacy.

Either/or
fallacy.

Question

3of 10

“You’re a reasonable man. You’ll have to vote for
Candidate X. He’s a reasonable man like you.” This is an example of a
stereotype fallacy

True

False

Question

4of 10

The following quote is from a 2005 speech given by futurist
James Kunstler: “No combination of alternative fuel systems currently
known will allow us to run what we are running, the way we’re running it, or
even a substantial fraction of it.” This is an example of

Group
think.

False
cause/effect.

Hasty
generalization.

Flattery.

Question

5of 10

In his 2007 book, The Cult of the Amateur, Andrew Keen
states, “[Wikipedia] is the blind leading the blind—infinite monkeys
providing infinite information for infinite readers, perpetuating the cycle of
misinformation and ignorance” (p. 4). This is an example of

Ad Hominem.

Slippery
Slope.

Begging
the Question.

Non
Sequitur.

Question

6of 10

Person A: National healthcare works pretty well in Canada.

Person B: Well, this is the USA. Why don’t you move to
Canada if you like it so much?

Person B’s comment shows what fallacy?

Slippery
slope

Argument
by dismissal

Group
Think

False
Authority

Question

7of 10

The issue with historic preservation is that it is a kind of
plague led by constitutional terrorists that slowly strips away and kills the
property rights of the people who should be able to do what they want with
their homes. This is an example of what fallacy?

Appeal
to pity

Argument
by Emotive Language

Begging
the question

Flattery

Question

8of 10

It is a crime to eat lamb for dinner. I once had a pet lamb
and it was so cute. It made cute noises and licked me, just like a dog. You
wouldn’t eat a dog, would you? This is an example of which fallacy?

Argument
by dismissal

Self-contradiction

Appeal
to pity

Bandwagon

Question

9of 10

There are aliens on Pluto. Seriously, it’s a fact! There
hasn’t been any evidence shown that proves otherwise, has there? This is an
example of which fallacy?

Appeal
to nature

Straw
Man

Slippery
slope

Argument
from ignorance

Question

10of 10

There has been a simultaneous increase in both immigration
and unemployment; therefore, immigrants are taking away American jobs. This is
an example of which fallacy?

Argument
from ignorance

Cum
Hoc, Ergo Propter Hoc

Red
herring

Appeal
to pity

Save your answers

[Perception is licensed to Rio Salado College] Perception is
licensed to Rio Salado CollegeCopyright © 2014 Rio Salado College. All Rights
Reserved.

Copy and paste your question here…Task

QUESTION 1 Probability and Statistical Quality Control 20 marks
Show all calculations/reasoning

(a)
5 marks, one for each part

An unbiased coin is tossed twice. Calculate the probability of each of the following:
1. A head on the first toss
2. A tail on the second toss given that the first toss was a head
3. Two tails
4. A tail on the first and a head on the second, or a head on the first and a tail on the second
5. At least one head on the two tosses

(b) 2 marks

Consider the following record of sales for a product for the last 100 days.

SALES UNITS	NUMBER OF DAYS
0	15
1	20
2	30
3	30
4	5
	100

1. What was the probability of selling 1 or 2 units on any one day? (1/2 mark)
2. What were the average daily sales units? (1/2 mark)
3. What was the probability of selling 3 units or more? (1/2 mark)
4. What was the probability of selling 2 units or less? (1/2 mark)

(c) 3 marks, one for each part

The lifetime of a certain type of colour television picture tube is known to follow a normal distribution with a mean of 4600 hours and a standard deviation of 400 hours.

Calculate the probability that a single randomly chosen tube will last

1. more than 5000 hours
2. less than 4500 hours
3. between 4700 and 4900 hours

(d) 4 marks

A company wishes to set control limits for monitoring the direct labour time to produce an important product. Over the past the mean time has been 20 hours with a standard deviation of 9 hours and is believed to be normally distributed. The company proposes to collect random samples of 36 observations to monitor labour time.

1. If management wishes to establish x ¯ control limits covering the 95% confidence interval, calculate the appropriate UCL and LCL. (1 mark)
2. If management wishes to use smaller samples of 9 observations calculate the control limits covering the 95% confidence interval. (1 mark)
3. Management is considering three alternative procedures in order to maintain tighter control over labour time:

• Sampling more frequently using 9 observations and setting confidence intervals of 80%
• Maintaining 95% confidence intervals and increasing sample size to 64 observations
• Setting 95% confidence intervals and using sample sizes of 100 observations.

Which procedure will provide the narrowest control limits? What are they? (2 marks)

(e) 6 marks (2 for each part)

(a) Search the Internet for the latest figures you can find on the age and sex of the Australian population.

(b) Then using Excel, prepare a table of population numbers (not percentages) by sex (in the columns) and age (in the rows). Break age into about 5 groups, eg, 0-14, 15-24, 24-54, 55-64, 65 and over. Insert total of each row and each column. Paste the table into Word as a picture.

Give the table a title, and below the table quote the source of the figures.

(c) Calculate from the table and explain:

• The marginal probability that any person selected at random from the population is a male.
• The marginal probability that any person selected at random from the population is aged between 25 and 54 (or similar age group if you do not have the same age groupings).
• The joint probability that any person selected at random from the population is a female and aged between 25 and 54 (or similar).
• The conditional probability that any person selected at random from the population is 65 or over given that the person is a male.

QUESTION 2 Decision Analysis 20 marks

Show all calculations to support your answers. Round all probability calculations to 2 decimal places.

John Carpenter runs a timber company. John is considering an expansion to his product line by manufacturing a new product, garden sheds. He would need to construct either a large new plant to manufacture the sheds, or a small plant. He decides that it is equally likely that the market for this product would be favourable or unfavourable. Given a favourable market he expects a profit of $200,000 if he builds a large plant, or $100,000 from a small plant. An unfavourable market would lead to losses of $180,000 or $20,000 from a large or small plant respectively.

(a) 2 marks
Construct a payoff matrix for John’s problem. If John were to follow the EMV criterion, show calculations to indicate what should he do, and why?

(b) 2 marks
What is the expected value of perfect information and explain the reason for such a calculation?

John has the option of conducting a market research survey for a cost of $10,000. He has learned that of all new favourably marketed products, market surveys were positive 70% of the time but falsely predicted negative results 30% of the time. When there was actually an unfavourable market, however, 80% of surveys correctly predicted negative results while 20% of surveys incorrectly predicted positive results.

(c) 4 marks
Using the market research experience, calculate the revised probabilities of a favourable and an unfavourable market for John’s product given positive and negative survey predictions.

(d) 4 marks
Based on these revised probabilities what should John do? Support your answer with EVSI and ENGSI calculations.

(e) 8 marks
The decision making literature mostly adopts a rational approach. However, Tversky and Kahneman (T&K) (Reading 3.1) adopt a different approach, arguing that often people use other methods to make decisions, relying onheuristics.

What do they mean by the term heuristics? (2 marks)

Describethree types of heuristicsthat T&K suggest people use in judgments under uncertainty. (3 marks)

Give one example from your own experience of abiasthat might result fromeachof these heuristics. (3 marks)

QUESTION 3 Simulation 20 marks

Dr Catscan is an ophthalmologist who, in addition to prescribing glasses and contact lenses, performs laser surgery to correct myopia. This laser surgery is fairly easy and inexpensive to perform.

To inform the public about this procedure Dr Catscan advertises in the local paper and holds information sessions in her office one night a week at which she shows a videotape about the procedure and answers any questions potential patients might have.

The room where these meetings are held can seat 10 people, and reservations are required. The number of people attending each session varies from week to week. Dr Catscan cancels the meeting if 2 or fewer people have made reservations.

Using data from the previous year Dr Catscan determined that reservations follow this pattern:

Number of reservations	0	1	2	3	4	5	6	7	8	9	10
Probability	0.02	0.05	0.08	0.16	0.26	0.18	0.11	0.07	0.05	0.01	0.01

Using the data from last year Dr Catscan determined that 25% of the people who attended information sessions elected to have the surgery performed. Of those who do not, most cite the cost of the procedure ($2,000 per eye, $4,000 in total as almost everyone has both eyes done) as their major concern. The surgery is regarded as cosmetic so that the cost is not covered by Medicare or private hospital insurance funds.

Dr Catscan has now hired you as a consultant to analyse her financial returns from this surgery. In particular, she would like answers to the following questions, which you are going to answer by building an Excel model to simulate 20 weeks of the practice. Random numbers must be generated in Excel and used with the VLOOKUP command to determine the number of reservations,0 and there must be no data in the model itself. The same set of random numbers should be used for all three parts. An IF statement is required for part (a) to determine attendance each week, given cancellation of meetings.

(a) 10 marks
On average, how much revenue does Dr Catscan’s practice in laser surgery earn each week? If your simulation shows a fractional number of people electing surgery use such fractional values in determining revenue. Paste your model results into Word including a copy of formulas with row and column headings.

(b) 3 marks
Adjust your model to determine on average, how much revenue would be generated each week if Dr Catscan did not cancel sessions with 2 or fewer reservations? Paste results into Word.

(c) 3 marks
Dr Catscan believes that 35% of people attending the information sessions would have the surgery if she reduced the price to $1,500 per eye or $3,000 in total. Under this scenario how much revenue per week could Dr Catscan expect from laser surgery? Modify your Excel model to answer this and paste results into Word.

(d) 4 marks
Write a brief report with your recommendations to Dr Catscan on the most appropriate strategy.

QUESTION 4 Regression Analysis and Cost Estimation 20 marks

The CEO of Carson Company has asked you to develop a cost equation to predict monthly overhead costs in the production department. You have collected actual overhead costs for the last 12 months, together with data for three possible cost drivers, number of Indirect Workers, number of Machine Hours worked in the department and the Number of Jobs worked on in each of the last 12 months:

Overhead Costs	Indirect Workers	Machine Hours	Number of Jobs
$2,200	30	350	1,000
4,000	35	500	1,200
3,300	50	250	900
4,400	52	450	1,000
4,200	55	380	1,500
5,400	58	490	1,100
5,600	90	510	1,900
4,300	70	380	1,400
5,300	83	350	1,600
7,500	74	490	1,650
8,000	100	560	1,850
10,000	105	770	1,250

(a) 5 marks
The CEO suggests that he has heard that the high-low method of estimating costs works fairly well and should be inexpensive to use. Write a response to this suggestion for the CEO indicating the advantages and disadvantages of this method. Include the calculation of a cost equation for this data using Machine Hours as the cost driver.

(b) 5 marks
Using Excel develop three scatter diagrams showing overhead costs against each of the three proposed independent variables. Comment on whether these scatter diagrams appear to indicate that linearity is a reasonable assumption for each.

(c) 5 marks
Using the regression module of Excel’s Add-in Data Analysis, perform 3 simple regressions by regressing overhead costs against each of the proposed independent variables. Show the output for each regression and evaluate each of the regression results, indicating which of the three is best and why.

Provide the cost equations for those regression results which are satisfactory and from them calculate the predicted overhead in a month where there were 100 Indirect Workers and 500 Machine Hours and 1,000 Jobs worked.

(d) 5 marks
Selecting the two best regressions from part (c) conduct a multiple regression of overhead against these two independent variables. Evaluate the regression results.

Draw conclusions about the best of the four regression results to use.

QUESTION 5 Forecasting 20 marks

(a) 5 marks

All forecasts are never 100% accurate but subject to error.

1. How is forecast error calculated? (1 mark)
2. Identify and describe three common measures of forecast error. Then illustrate how each is calculated by constructing a 4-period example. (4 marks)

(b) 10 marks as indicated below

Consider the following table of monthly sales of car tyres by a local company:

Month	Unit Sales
January	400
February	500
March	540
April	560
May	600
June	?

(i) 3 marks

Using a 2-monthmoving averagedevelop forecasts sales for March to June inclusive.

(ii) 3 marks

Using a 2-monthweighted moving average, with weights of 2 for the most recent month and 1 for the previous month develop forecasts sales for March to June inclusive.

(iii) 3 marks

The sales manager had predicted sales for January of 400 units. Usingexponential smoothingwith a weight of 0.3 develop forecasts sales for March to June inclusive.

(iv) 1 mark

Which of the three techniques gives the most accurate forecasts? How do you know?

(c) 5 marks

Describe the four patterns typically found in time series data. What is meant by the expression “decomposition” with regard to forecasting? Briefly describe the process.