Determining the covariance-correlation
The standard deviation of Shamrock corp. Stock is 19 percent. The standard deviation of Cora Co. stock is 14 percent. The covariance between these two stocks is 100. What is the correlation between Shamrock and Cara stock?
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Quack produced 19,000 units during the year. Actual variable manufacturing costs were $210,000. What amount would be Quack's flexible budget variance for the year?
During June, Dinky Co. experienced scrap, normal spoilage, and abnormal spoilage in its manufacturing process. The cost of units produced includes:
We have the chance to expand our business in a new geographic area. We estimate that the cost of the expansion will be $2 million and we expect to make a 17% return on the costs of our expansion.
The materials usage variance was $2,500 unfavorable and the standard materials allowed for May production was 17,000 pounds. What was the materials price variance for May?
Kaffy Caterers quotes a price of $60 per person for a dinner party. This price includes the 6% sales tax and the 15% service charge. Sales tax is computed on the food plus the service charge. The service charge is computed on the food only. At wha
What is your etimate of the enterprise value of Carswell? What is the value of the equity of Carswell if the acquisition goes through and Smidgeon borrows $2,4 million and finances the remainder using equity?
Suppose that the principal assigned to the senior, mezzanine, and equity tranches is 85%, 5%, and 10% instead of 75%, 20%, and 5% in Figure 16.4. How are the results in Table 16.1 affected? Discuss how the risk borne by investors change.
The most optimistic price estimate is $60.00/ton, and the most pessimistic estimate is $160.00/ton. (Note there are 3 data points in for this estimate.) What is the expected price of the material?
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