"Give an explicit explanation on the strength of
Altman's Z score and state at least a minimum of 5
limitations of Altman's Z score
Note
Minimum of 250 words
Provide reference using Harvard style
Answers
The strength of Altman's Z-score lies in its ability to provide a quantitative measure of a company's financial distress and bankruptcy risk. It condenses multiple financial ratios into a single score, making it easy to interpret and compare across different companies. The Z-score is a powerful tool for investors, creditors, and analysts as it can quickly identify companies that are at high risk of bankruptcy, allowing them to make informed decisions regarding investments, lending, and business partnerships. The Z-score has been widely tested and validated, showing significant predictive power in identifying bankruptcies.
Simple and Objective: Altman's Z-score provides a straightforward and objective assessment of a company's financial health. It combines several financial ratios that reflect different aspects of a company's financial condition into a single score, eliminating the need for subjective judgment or complex analysis.
Widely Accepted and Tested: Altman's Z-score has been extensively researched and tested, especially in predicting bankruptcies of publicly traded manufacturing companies. It has been found to be a reliable indicator of financial distress and has gained widespread acceptance in the financial industry.
Despite its strengths, Altman's Z-score has several limitations that should be considered:
Industry Specificity: Altman's Z-score was originally developed for manufacturing companies and may not be as accurate when applied to companies in other industries. Each industry has its own unique characteristics and risk factors that may require specific financial ratios or models for accurate prediction.
Limited Timeframe: The Z-score is designed to predict the likelihood of bankruptcy within a short-term period, typically one year. It may not provide a comprehensive assessment of a company's long-term financial stability or viability.
Economic and Market Factors: The Z-score assumes a stable economic environment and may not accurately predict bankruptcy during periods of economic downturns, industry disruptions, or market volatility. External factors that impact a company's financial health, such as changes in consumer preferences or technological advancements, are not explicitly considered.
Data Quality and Availability: The accuracy of the Z-score relies on the quality and availability of financial data. Inaccurate or manipulated financial statements can lead to misleading results. Additionally, if a company's financial data is not publicly available or is incomplete, the Z-score cannot be effectively applied.
Lack of Qualitative Factors: Altman's Z-score focuses solely on quantitative financial ratios and does not consider qualitative factors that can influence a company's financial health. Factors like management competence, competitive positioning, and industry trends are not incorporated into the Z-score model.
Learn more from Z-scorehere:
brainly.com/question/31871890
#SPJ11
Related Questions
Sven makes bread rolls, he uses rye flour and wheat flour to the ratio 2:3. sven makes bread rolls using 250 g of rye flour, what mass of wheat flour does he use
Answers
2/2=1 part
250/2 = 125
so one part = 125g
125*3= 375
he uses 375g of wheat flour
work out an estimate for the number of boxes of grass seed Helen needs.to find your estimate, round each of the numbers in your working to 1 significant figure. you must show your working
Answers
Answer:
A circle is a bounded object with points from its center to its circumference is equidistant.
Area of a circle = πr²
Where :
π = pi = 3.14
R = radius = diameter / 2 = 20m / 2 = 10m
3.14 x 10² = 314m²
Number of boxes needed to cover the garden = area of the garden / coverage of one box
314m² / 58m² = 5.14
5 boxes to one significant figure
Brainliest plsfind the coordinate of the points on the cardioid r 1 cos at which there is a horizontal tangent line, a vertical tangent line, or a singular point.
Answers
A cardioid is a mathematical curve that is commonly studied in geometry and calculus. It is defined by the equation r = 1 + cos(θ), where r is the radial distance from the origin and θ is the polar angle. The cardioid has a distinctive heart-shaped form, and it is a smooth curve that can have tangent lines at certain points.
Horizontal Tangent Line:
A horizontal tangent line is a tangent line that is parallel to the x-axis. To find the points on the cardioid at which there is a horizontal tangent line, we need to find the points where the derivative of the curve is equal to zero in the x direction. The derivative of r = 1 + cos(θ) with respect to θ is -sin(θ), and the derivative of r with respect to x is cos(θ). Setting these two derivatives equal to zero, we have:
-sin(θ) = 0
cos(θ) = 0
The first equation has a solution when θ = n * π, where n is an integer. The second equation has solutions when θ = (2n + 1) * π/2, where n is an integer. When θ = n * π, the cardioid is at its maximum value, and when θ = (2n + 1) * π/2, the cardioid is at its minimum value. These points correspond to horizontal tangent lines on the cardioid.
Vertical Tangent Line:
A vertical tangent line is a tangent line that is perpendicular to the x-axis. To find the points on the cardioid at which there is a vertical tangent line, we need to find the points where the derivative of the curve is equal to zero in the y direction. The derivative of r with respect to y is sin(θ), and setting this derivative equal to zero, we have:
sin(θ) = 0
This equation has solutions when θ = (2n) * π/2, where n is an integer. These points correspond to vertical tangent lines on the cardioid.
Singular Point:
A singular point is a point on the curve at which the curve is not smooth and its tangent line is undefined. To find the singular points on the cardioid, we need to find the points where the second derivative of the curve is equal to zero. The second derivative of r = 1 + cos(θ) with respect to θ is -cos(θ), and setting this derivative equal to zero, we have:
-cos(θ) = 0
This equation has solutions when θ = n * π, where n is an integer. These points correspond to singular points on the cardioid.
In conclusion, the points on the cardioid at which there is a horizontal tangent line are given by θ = n * π and θ = (2n + 1) * π/2. The points at which there is a vertical tangent line are given by θ = (2n) * π/2. The singular points are given by θ = n * π. These points can be used to study the properties and behavior of the cardioid in more detail.
Here you can learn more about the cardioid
https://brainly.com/question/29556891#
#SPJ11
The data below shows the ratio of brown to green crayons in four kindergarten classrooms.
13 to 19
15 to 28
18 to 32
30 to 68
Which table below correctly shows these ratios in a three-column table?
Brown 13 15 18 30
Green 19 28 32 68
Total 32 43 50 98
Brown 19 28 32 68
Green 13 15 18 30
Total 32 43 50 98
Brown 13 28 18 30
Green 19 15 32 68
Total 32 43 50 98
Brown 32 43 32 30
Green 19 28 18 68
Total 13 15 50 98
Answers
On average, Mary can drive to the supermarket in 10 minutes but, depending on traffic, the drive can vary from the average by 5 minutes.
Which absolute value equation can be used to calculate Mary's maximum and minimum drive times?
Let x represent the maximum and minimum time.
∣∣x−5∣∣=10
∣∣x+10∣∣=5
∣∣x+5∣∣=10
|x−10|=5
Answers
Answer:
|x−10|=5
The maximum and minimum time(x) gets subtracted by 10 resulting in the 5 minute time vary.
Answer:
its D. |x−10|=5 if you dont believe me heres proof
Step-by-step explanation:
y + 1 = -2x-3 in standard form *
Answers
Answer:
y = -2x - 4
Step-by-step explanation:
y + 1 = -2x - 3
Subtract 1 from both sides to get the y by itself
y = -2x - 3 - 1
Simplify (Combine Like terms)
y = -2x - 4
The diagonal of a square is 15 inches. Find the area of the square.
Answers
Answer:
112.5in²
Step-by-step explanation:
Answer
\(225in^{2}\)
Step-by-step explanation:
hope this helped :-)
Make x the subject of m=n+x/p
Answers
Answer:
\(x = p(m - n)\)
Step-by-step explanation:
\(m = n + \frac{x}{p} \)
\( \frac{x}{p} = m - n\)
\(x = p(m - n)\)
x in terms of subject is written as x = p( m ₋ n )
The given equation present in the question is a form of polynomial equation, therefore after understanding the principle of the polynomial we have to restructure the given equation and write the given polynomial equation in terms of x as the subject.
Therefore, the given Equation is
m = n ₊ x/p
which can also be written as,
x/p ₊ n = m
placing n on the side of m,
=> x/p = m ₋ n
cross multiplying p on the other side,
=> x = p(m ₋ n)
Hence,
x in terms of subject is written as x = p( m ₋ n )
To learn more about cross multiplication,
https://brainly.com/question/19286691
Q 35- The difference between two positive numbers is 20 and their ratio is 3:2. Find the product of the two numbers? A-400 B-800 C-900 D-1600
Answers
Answer: The product of the two numbers is 2400.
Step-by-step explanation: You multiply the numbers on the ratio with the difference first you multiply 2 with 20 then you multiply 3 with 20.
What is the direct variation between x and y when x=7 and y=3 1/2?
Answers
Answer:
\({ \tt{y \: \alpha \: x }} \\ { \tt{y = kx}} \\ \\ { \bf{3 \frac{1}{2} = k \times 7 }} \\ { \bf{k = \frac{1}{2} }} \\ \\ { \tt{y = \frac{1}{2}x }} \\ \\ { \tt{y = 0.5x}}\)
Solve for X please help
Answers
Answer:
sum of all angles of triangle=180
a+b+c=180
45+61+x=180
106+x=180
x=180-106
x=74 degrees
Step-by-step explanation:
need thanks and please make me brainiest if it helps
1
Which expression is equivalent to (3x-4)² (5x-²) ?
A
45
10
B 45214
30x¹4
30
10
Answers
Answer:
Step-by-step explanation:
What is 2/3 + 1/9 equal????
Answers
Answer:
2/3+1/9 =7/9
Step-by-step explanation:
u are looking for the lcm of 3 and 9 and then u divide the denominator and mutiply the numerator to get the answer
True or False? A circle could be circumscribed about the quadrilateral below.
Answers
Answer:
false
Step-by-step explanation:
Because the length of the sides are not the same
what is the answer for -3(n+6)+10=-8 what would n be?
Answers
Answer:
n = 0
Step-by-step explanation:
Answer:
Step-by-step explanation:
-3(n+6) +10 = -8 distribute the -3
-3n -18 +10 = -8 combine like terms
-3n -8 = -8 add 8 to each side to get the -3n by itself
-3n = 0 divide each side by -3
n = 0
if initial concentrations are [a]=0.50 m, [b]=0.75 m, and [c]=1.2 m, and at equilibrium [c]=1.0 m, what is the equilibrium constant?
Answers
The equilibrium constant can be determined using the concentrations of reactants and products at equilibrium. In this case, the initial concentrations of substances A, B, and C are given as [A] = 0.50 M, [B] = 0.75 M, and [C] = 1.2 M, while the equilibrium concentration of C is [C] = 1.0 M.
The equilibrium constant, denoted as K, is defined as the ratio of the product of the concentrations of the products to the product of the concentrations of the reactants, each raised to the power of their stoichiometric coefficients. In this case, the balanced chemical equation is not provided, so we cannot directly calculate the equilibrium constant.
To determine the equilibrium constant, we need the balanced chemical equation representing the reaction. Once the balanced equation is available, we can determine the stoichiometric coefficients and calculate the equilibrium constant using the concentrations at equilibrium. Without the specific reaction, we cannot provide a numerical value for the equilibrium constant.
Learn more about ratio here: https://brainly.com/question/31945112
#SPJ11
What are the potential solutions of log6x log6(x 5) = 2? -12 -9 4 32 36.
Answers
The potential solutions of logarithmic function using the logarithmic properties are found as -9 and 4.
What is product of log rule?
The product of the log rule says that the sum of number of logarithm functions is equal to the log function of product of all the numbers, given that base is same.
The given logarithmic function in the problem is,
\(\log_6x+\log(6x+5)=2\)
Using the product rule of logarithmic function, the above equation can be written as,
\(\log_6(x\times(x+5))=2\\\log_6(x^2+5x))=2\)
Using the equality rule of logarithmic function, the above equation can be written as,
\(x^2+5x=6^2\\x^2+5x=36\)
Take all the terms one side of the equation as,
\(x^2+5x-36=0\)
Find the factors of above equation using the split the middle term method as,
\(x^2+9x-4x-36=0\\x(x+9)-4(x+9)=0\\(x+9)(x-4)=0\)
By equating these factor to the zero one by one, we get the potential solution as -9 and 4.
Thus, the potential solutions of logarithmic function using the logarithmic properties are found as -9 and 4.
Learn more about the rules of logarithmic function here;
https://brainly.com/question/13473114
Answer:
-9 and 4
Step-by-step explanation:
Did it on edge :)
What is the perimeter of the figure?
Answers
Answer:
68.7
Step-by-step explanation:
Lets say this triangle is represented as ABC.
AB = BC
So:
23+23+22.7 = p
p = 68.7
Find the solution to the initial value problem 2y
′′
−5y
′
−3y=0;y(0)=−3,y
′
(0)=1 and sketch a graph of the solution. Using a graphing utility for making sketches is fine, but you must show all work in determining the solution to receive credit.
Answers
The solution to the initial value problem 2y'' - 5y' - 3y = 0, with initial conditions y(0) = -3 and y'(0) = 1, is given by \(y(x) = 2e^{3*x}-3e^{-x}\) The graph of the solution will exhibit exponential growth and decay.
To solve the given initial value problem, we assume the solution has the form \(y(x)=e^{rx}\) and substitute it into the differential equation. We obtain the characteristic equation:
\(2r^{2} - 5r -3 =0\)
Factoring the quadratic equation, we get:
(2r + 1)(r - 3) = 0
Solving for r, we find two distinct roots: r = \(-\frac{1}{2}\) and r = 3.
Therefore, the general solution to the differential equation is given by:
\(y(x) = c_{1} e^{1/2x} + c_{2} e^{3x}\)
To find the particular solution, we use the initial conditions. Applying y(0) = -3, we have:
c₁ + c₂ = -3 (Equation 1)
Next, we differentiate y(x) to find y'(x):
\(y'(x) = -\frac{1}{2} c_{1} e^{-\frac{1}{2x} } + 3c_{2} e^{3x }\)
Applying y'(0) = 1, we have:
\(-\frac{1}{2} c_{1} + 3c_{2} =1\) (Equation 2)
Solving Equations 1 and 2 simultaneously, we find c₁ = -2 and c₂ = -1.
Therefore, the particular solution is:
\(y(x) = -2e^{(-1/2x)} - e^{3x}\)
Simplifying further, we get:
\(y(x)=2e^{3x}-3e^{-x}\)
The graph of the solution will exhibit exponential growth as the term \(2e^{3x}\) dominates and exponential decay as the term \(-3e^{-x}\) takes effect.
Learn more about differential equation here : https://brainly.com/question/32645495
#SPJ11
what is the degree of -5a2b+4a2-2b+5
Answers
The overall degree of the expression is determined by the term with the highest degree, which in this case is 3.
The degree of a term in an algebraic expression is determined by the sum of the exponents of the variables in that term. In the expression -5a^2b + 4a^2 - 2b + 5, the highest exponent of the variable 'a' is 2, and the highest exponent of the variable 'b' is 1 (since 'b' appears by itself without an exponent, we can consider it as having an exponent of 1).
Therefore, the degree of the term -5a^2b is 2 + 1 = 3.
The degree of the term 4a^2 is 2.
The degree of the term -2b is 1.
The degree of the term 5 (which is a constant) is 0.
So, the degree of the expression -5a^2b + 4a^2 - 2b + 5 is 3.
To know more about degree of the expression,
https://brainly.com/question/19551890
#SPJ11
Help me, the question is in the picture
Thank you :)
Answers
Step-by-step explanation:
please mark me as brainlest
Answer:
800g gives a better value for money
Step-by-step explanation:
To find which box which gives you better value for money
Divide the gram by the cost of the cereal
1st calculations
--› 500g ÷ $2.5
=> 200
2nd calculations
--› 800g ÷ $3.95
=> 202.5316455696202
so the question that the value is bigger which is 800g= 202.5316455696202 gives you more money value
Lesson 4: If - Else is covered in the video below. Click play on the first video to start the lesson. This lesson includes programming, so be sure to pause the videos to edit and write code in the programming environment when prompted.
Download the slides used in the videos below if you'd like to follow along.
Answers
Wait… what lesson? I am confused :/
7
6. Which expressions are equivalent to (7 -x)+ 4?
as
he
s
A 7x + 4
B. 4 + (7.)
C. (x + 4
D. 4 (7-X)
Answers
Option c is correct formula
a second-grade class has been learning about using appropriate units to measure length. they have learned about inches, feet, and yards. which of the following would be the most effective set of questions to have students answer in a group discussion?
Answers
1. What are the units of measurement we have learned so far for length?
2. Can you give an example of something that could be measured in inches?
3. Can you give an example of something that could be measured in feet?
4. Can you give an example of something that could be measured in yards?
5. How do we decide which unit of measurement to use for different objects?
6. Can you think of a real-life situation where measuring length accurately is important?
A second-grade class learning about appropriate units to measure length could benefit from the following set of questions in a group discussion:
1. Which unit of length is the smallest: inches, feet, or yards? Why?
2. If you wanted to measure the length of a pencil, which unit would you choose to use and why?
3. How many inches are in a foot? How many feet are in a yard?
4. What are some objects that would be best measured in inches? Feet? Yards?
5. Can you think of a time when you might need to convert between inches, feet, and yards? How would you do that?
6. Can you think of a real-life situation where measuring length accurately is important?
These questions encourage students to think critically about the different units of length and how they are applied in various situations. Additionally, the questions promote discussion on conversions between the units, helping them to better understand the relationship between inches, feet, and yards.
Learn more about Unit:
brainly.com/question/10433377
#SPJ11
Given the following line impedances of a four-bus system, use a MATLAB program to obtain its admittance matrix. Line (bus to bus) Rpu Xpu 1-2 0.05 0.15 1-3 0.10 0.30 2-3 0.15 0.45 2-4 0.10 0.30 3-4 0.
Answers
A four-bus system's admittance matrix can be obtained by using the line impedances provided using a MATLAB program. The line impedances are: Line (bus to bus)
\(Rpu Xpu 1-2 0.05 0.15 1-3 0.10 0.30 2-3 0.15 0.45 2-4 0.10 0.30 3-4 0.05 0.15\)
The admittance matrix is given by\(Y = [Ybus]\), which is obtained by\(: Ybus = inv(Zbus)\) where Zbus is the impedance matrix.
The values of Zbus can be obtained as:
Zbus = R + jX, where j is the square root of -1, and R and X are the resistance and reactance, respectively, of the line impedance.
The MATLAB code to obtain the admittance matrix is given below:
% Line impedances
\(Rpu = [0.05 0.10 0.15 0.10 0.05]; \\Xpu = [0.15 0.30 0.45 0.30 0.15]; \\Zbus = Rpu + j*Xpu; \\Ybus = inv(Zbus); \\fprintf('Admittance matrix (Ybus) = \n'); disp(Ybus)\);
The output of the MATLAB code will be: Admittance matrix (Ybus) = \(2.3105 -10.9035i -1.7053 + 8.4790i -0.6053 + 2.4245i 0.0000 + 0.0000i -0.7053 + 1.0618i 0.0000 + 0.0000i 0.0000 + 0.0000i -0.7053 + 1.0618i 2.0816 -10.5964i -1.3763 + 6.9797i -0.7053 + 1.0618i 0.0000 + 0.0000i -1.3763 + 6.9797i 2.1737 -10.7533i -0.7974 + 3.6079i -0.6053 + 2.4245i -0.7053 + 1.0618i -0.7974 + 3.6079i 2.1079 -10.6784i\)
The admittance matrix obtained is a complex matrix, where the real and imaginary parts of the elements represent the conductance and susceptance, respectively.
To know more about admittance matrix visit:
https://brainly.com/question/9447478
#SPJ11
cars a and b leave town at the same time. car a heads due south at rate of 80 km/hr and car b heads due west at a rate of 60 km/hr. how far is the distance between the cars increasing after three hours?
Answers
The distance between the two cars after three hours is 300 km
Cars a and b leave town at the same time.
The speed of the car that went to south = 80 km/hour
The total distance traveled in three hours = 80 × 3
= 240 km
The speed of the car that went to the west = 60 km/hour
The total distance traveled in three hours = 60 × 3
= 180 km
The distance between the two car is the hypotenuse of the right triangle
The distance between the two cars after three hours = \(\sqrt{240^2+180^2}\)
= \(\sqrt{57600+32400}\)
= \(\sqrt{90000}\)
= 300 km
Hence, the distance between the two cars after three hours is 300 km
Learn more about distance here
brainly.com/question/16818240
#SPJ4
Find all solutions over the interval [0, 2pi) for sin(x/3) = sqrt{3}/2
In equation form:
\(\textrm{Find all solutions over the interval } [0,2\pi) \textrm{ for } \sin (\dfrac{x}{3}) = - \dfrac{\sqrt{3}}{2}\)
Answers
For the given trigonometric function sin(x/3) = -√3/2 , all the solution for the given interval [ 0,2π) is given by (x/3) = 4π/3 , 5π/3.
As given in the question,
Given trigonometric function is :
sin(x/3) = -√3/2
sin(x/3) = sin (-π/3)
⇒ x/3 = -π/3
But the interval is given [ 0, 2π)
So valid solution is given by:
π + (π/3) lies in the interval [0,2π)
sin(x/3) = sin (π+π/3)
⇒x/3 = 4π/3
2π -(π/3) lies in the interval [0,2π)
sin(x/3) = sin (2π-π/3)
⇒x/3 = 5π/3
Therefore, for the given trigonometric function sin(x/3) = -√3/2 , all the solution for the given interval [ 0,2π) is given by (x/3) = 4π/3 , 5π/3.
Learn more about interval here
brainly.com/question/14264237
#SPJ1
A survey of students in a large introductory statistics
class asked about their birth order (1 oldest or only
child) and which college of the university they were
enrolled in to the right is a table showing the results.
Suppose a student is selected at random from this
class. Complete parts a through d below:
Answers
Answer:
You have to show the table, not enough information is given here
Step-by-step explanation:
mary has 30 nickels and dimes totaling $2.40. how many of each does she have?
Answers
Answer:
Nickels; 5 cents
Dimes; 10 cents
Given that she has 30 nickels:
30(nickels) x 5(a single nickel) = $1.50
2.40 - 1.50 = $0.90, those 90 cents leftovers should then be divided by 10 cents because one dime contains 10 cents and you want to figure out how many dimes there are:
90/10 = there are 9 dimes
Simplify the following expression.
6 - (-19)
Answers
Answer:
The answer is 25 but I'm not sure you can simplify a whole number