1) Based on the dividend payout ratio data for the period 2006 to 2017, how would you describeeach of the company’s dividend policy?2) Compare the dividend payout ratio of both companies over this period. What might you inferfrom the differences in their dividend payout policy and the industry that they are in? Givereasons.3) Note any major changes in each company’s dividend policy over this period and the reasonsgiven by the companies for such changes. Do you agree with the company’s decision tochange their dividend policy? Give reasons.4) Examine the daily share price movement of each company in the 4-week period before andafter its most recent change in dividend policy. Plot a chart of the price movements for eachcompany during this period. What conclusions can you draw from the movements of their shareprice? Document Preview:

FIN201 Question 1 – Analyzing Dividend Policy Investors may attempt to infer a company’s dividend policy by observing its profits, dividends and payout ratio over time. The data of 2 companies that are part of the ASX50 index are shown as below. All data are obtained from the ASX Annual Reports 2006-2017 and TLS Annual Reports 2006-2017. ASX Ltd (ASX) is a leading company in the financial exchange markets that offers services such as settlement, clearing and listings services over various range of assets. TLS is a leading company on the telecommunication and media industry where it operates mobile internet access, pay television, and telecommunication networks among many other services.Required: (Words: above 800) 1) Based on the dividend payout ratio data for the period 2006 to 2017, how would you describe each of the company’s dividend policy? 2) Compare the dividend payout ratio of both companies over this period. What might you infer from the differences in their dividend payout policy and the industry that they are in? Give reasons. 3) Note any major changes in each company’s dividend policy over this period and the reasons given by the companies for such changes. Do you agree with the company’s decision to change their dividend policy? Give reasons. 4) Examine the daily share price movement of each company in the 4-week period before and after its most recent change in dividend policy. Plot a chart of the price movements for each company during this period. What conclusions can you draw from the movements of their share price?

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1.At the end of 2013, Morley Co. has accounts receivable of $700,000 and an allowance for doubtful accounts of $25,000. On January 24, 2014, it is learned that the company’s receivable from Spears Inc Document Preview:

1.At the end of 2013, Morley Co. has accounts receivable of $700,000 and an allowance for doubtful accounts of $25,000. On January 24, 2014, it is learned that the company’s receivable from Spears Inc. is not collectible, and therefore, management authorizes a write-off of $4,300. (a) Prepare the journal entry to record the write-off. (b) What is the cash realizable value of accounts receivable before the write-off and after the write-off?

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1. Calculate the opportunity cost of preserving Nigula bog as a nature reserve. Use the data below assuming the next-best alternative use of Nigula bog is using peat as an energy source The peat deposit of Nigula bog covers about 2,000 hectares. The annual harvest from one hectare is about100 tonnes and one tonne of peat contains 3 megawatt hours (MWh) of energy Assume that peat is sold on a competitive market and the market price is Euro 30 per tonne. The nearby power plant buys the annual peat production and earns Euro 50 per MWh from sales of electricity and heat. Other inputs cost Euro 10 per MWh. 2. The number of visitors to the zoo and the entrance fee is shown in the table below: Entrance fee, Euro Number of visitors per da 0 6 12 800 600 400 200 0 Calculate the change in consumer surplus if the entrance fee increases from three (3) to nine Euro (9). How does the price increase affect the revenue of the zoo? 3. Take the following data as referring to 2000 (they come from UNDP (2001), P and A are for 1999 and T uses CO2 data for 1997), and the world as being the sum of these three groups of nations P, million capita T. CO2 tonnes/S Rich OECD 848 EE and CIS 398 Developing 26,050 6,290 3.530 0.0005 0.001 0.0006 4610 a. Calculate total world CO2 emissions in 2000 b. Work out the 2000 group shares of total population and CO2 emissions.

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1)Calculate GMROI and inventory turnover given annual sales of $20,000, average inventory (at cost) of $4,000 and a gross margin of 45%. (1point) 2)Using the following information, calculate additions to stock: (1 point) Sales$26,000 EOM stock$100,000 BOM stock$88,000 3)Using the following information, calculate the average BOM stock-to-sales ratio for a six-month merchandise budget plan: ( 2 points). GMROI 130% Gross Margin 46% 4)Today is July 19. Buyers at two different stores are attempting to assess current open-to-buy given the following information: Store A: Actual BOM stock$50,000 Monthly additions actual$25,000 Merchandise on order to be delivered$10,000 Planned monthly sales Planned reductions$30,000 $5,000 Planned EOM stock$65,000 Store B: Actual BOM stock$75,000 Monthly additions actual$30,000 Merchandise on order to be delivered$12,000 Planned monthly sales Planned reductions$40,000 $6,000 Planned EOM stock$75,000 What is the open-to-buy on July 19? What does this number mean to you for each store? (2 points). 5)What is the order point and how many units should be reordered if a food retailer has an item with a 7-day lead-time, 10-day review time, and daily demand of 8 units? Say 70 units are on hand and the retailer must maintain a backup stock of 20 units to maintain a 98 percent service level? (1 point). 6)A retailer is expecting a good month and is adjusting the sales forecast upward by $750. Using the following information, calculate the March open-to-buy: ( 1 point). Planned purchases (March)$32,000 Monthly additions actual21,000 Merchandise on order (March)8,000 Open-to-buy unused (February)2,000 7)The Sports Shop has beginning inventory of $12,000 and planned ending inventory of $13,400. Planned sales for the period are $5,800. Calculate the open-to-buy for the month. (1 pont). 8)What is the reorder point, and how many units should be reordered if a retailer has an item that has a lead time of 10 days, a review time of 15 days, daily demand of 18 units, and there are 82 units on hand and the retailer must maintain a backup stock of 27 units to maintain a 95% service level? (1 point).

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1. Compare the accuracy of an adaptive quadrature based on Simpson's method to an adaptive quadrature based on the rectangle method for the integral given in the previous problem.

2. Answer the previous question for the function y = sin x.

3. Give a specific example of a function for which adaptive quadrature would be likely to give a drastically more accurate result than the other methods.

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