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You have $42,180.53 in a brokerage account, and you plan to deposit an additional $5,000, at the end of every future year, until your account totals $250,000.00. You expect to earn 12% annually on the account. How many years will it take to reach your goals?
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The stock of UCD has just been sold in an initial public offering at a price of $165 per share. One week after this offering, the stock has risen to $195. You believe the stock will rise to $225 over the coming year. You expect UCD to pay a $15 dividend during the coming year. If you require a rate of return of 30%, do...
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Changes in the federal funds rate influence the economy's growth rate through all of the following except: a. making it more or less attractive two people save. b. making it more or less expensive to borrow. c. making investment spending more or less attractive. d. altering the real interest rate when inflation is ...
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Guterson Inc., which has a marginal tax rate of 35%, manufactures one product that is sold for $110 per unit. The company's fixed manufacturing overhead is $145,000, its variable manufacturing overhead is $2 per unit, and its variable selling and administrative expense is $7 per unit. Fixed selling and administrative e...
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On 1 January 2008, Elegant Fragrances Company issued $1 million worth of five-year bonds with annual interest payments of $55,000 paid each 31 December. The market interest rate is 6.0 percent. Using the effective interest rate method of amortizing, Elegant Fragrances is most likely to record? a. interest expense of ...
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Suppose a firm faces the following inverse demand {eq}p = 50 - Q. {/eq} If the firm sells 50 units, then its total revenue is: a. {eq}T R = 50 {/eq}. b. {eq}T R = 0 {/eq}. c. {eq}T R > 50 {/eq}. d. {eq}T R < 50 {/eq}.
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Which of the following statements is CORRECT, assuming positive interest rates and other things held constant? a. A 5-year, $250 annuity due will have a lower present value than a similar ordinary annuity. b. A 30-year, $150,000 amortized mortgage will have larger monthly payments than an otherwise similar 20-year mo...
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Find the prime of $f(x)=x^{10}-1$ in $\mathbb{F}_3[x]$.
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Hastings Corporation is considering a project that will produce cash inflows of $28,000 a year for three years followed by $15,000 in year four. What is the internal rate of return if the initial cost of the project is $50,000? a. 9.38% b. 9.96% c. 8.26% d. 8.92% e. 7.55%
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Use Stokes' Theorem to compute {eq}\iint_{S} \nabla \times F \cdot dS {/eq}, where {eq}F= (3y, -2xz, 4x^2y){/eq} and S is the surface of the solid bounded by the cylinder {eq}x^2 + y^2 = 4{/eq} and the planes z = -4 and z = 3, with normal vectors pointing outward.
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In a multiple choice exam there are 10 questions each with 5 options. If a student answers questions randomly, what is the probability that he gets more than 6 answers right?
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What does an increase in the marginal propensity to consume (MPC) imply about investment multipliers? A. Investment multipliers decrease B. Investment multipliers increase C. Investment multipliers remain unchanged D. Investment multipliers are reduced to zero
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In its first month of operation, Wildhorse Co purchased 340 units of inventory for $5, then 440 units for $6, and finally 380 units for $7. At the end of the month, 420 units remained. Compute the amount of phantom profit that would result if the company used FIFO rather than LIFO. Phantom profit $
720.00
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A sample of size n is selected at random from a normal population with mean 64 and standard deviation 12. The probability that the sample mean deviates from the population mean by no more than 4 is 0.95. Determine n.
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One way that a company makes a computer faster is to make the processor more powerful (this increases the cost). Increasing the clock speed increases the processing speed. Increasing the number of cores, again, increases the processing speed. The article states: If the number of cores increases by 1, the processing spe...
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If a pollution tax is set "too high" relative to the level that achieves the efficient or desired pollution outcome: A. a cost effective result will be prevented B. too high a level of pollution will result but it will still be cost effective for that level of pollution C. too low a level of pollution will result an...
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Glenview Company has the following factory overhead costs: Actual total factory overhead costs: $160,200 Applied total factory overhead costs: $154,750 Direct materials cost: $120,000 Direct labor cost: $60,000 Direct labor hours: 8,500 hours Actual machine hours: 2,000 hours Based on the above information, the ...
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A firm's cost of capital will _____ if the market risk premium increases and the firm's beta remains constant. A. remain unchanged B. increase C. decrease D. become negative
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Find the extreme values of the function {eq}f(x, y) = xy{/eq} subject to the constraint {eq}x^2 + y^2 = 128{/eq}.
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Bobblehead World, Inc. issued $100,000 of 10-year, 12% bonds dated April 1, 20X1, for $102,400 on April 1, 20X1. The bonds pay interest on April 1 and October 1. Amortization is recorded on a straight-line basis. What entry is needed at October 1 for the first interest payment? a. Date Account Title Debit Credit 1...
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The double declining balance method of depreciation: a. results in a lower accumulated depreciation than the straight-line method. b. results in higher annual depreciation in the early years of an asset's life. c. results in a depreciation expense equal to the straight-line method in the later years of an asset's li...
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What is the present value of a deferred annuity of $12,000 per year for 20 years that begins three years from today if the interest rate is 8%?
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Find the radius of convergence, {eq}R{/eq}, of the series {eq}\sum_{n=0}^{\infty} \frac{x^n}{(n+1)5^n}.{/eq}
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If the current stock price is $60, and the one-period risk-free rate is 3%, what will be the price of the stock be next period, assuming that the stock does not pay a dividend?
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Suppose, ceteris paribus, that the supply of immigrant labor increases in the U.S. and simultaneously the FDA releases new information that conclusively establishes a link between a decrease in the risk of certain cancers and the consumption of oranges. Which of the following statements is correct? a. The price of Flo...
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If you are told that President Trump is going to increase the interest rate the Fed pays on the bank reserves it holds to 0.75%, then A. It is fake news because President Trump cannot decide on the monetary policy tools of the Fed, who decides on them is the current Chair of the Fed. The Fed is an independent and auto...
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Find the length of the curve \( y = \frac{1}{6} x^3 + \frac{1}{2x} \) from \( x = 2 \) to \( x = 3 \).
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Power and energy can be described as the rate of doing work. True False
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The maximum yield from a loan: a. depends only on the interest rate on the loan b. depends only on the length of the loan c. is the same as the maximum yield from an investment d. is the same as the minimum yield from an investment e. None of these
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Ignoring taxes, when a firm makes a payment to its preferred stockholders, the: a. price of the common stock will remain unchanged. b. price of the common stock will rise. c. market value of the entire equity will decline. d. market value of the entire equity will remain unchanged. e. market value of the common st...
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Let S = $55, K = $60, r = 5% (continuously compounded), T = 1, and d = 0. Let u = 1.1, d = 0.9, and n = 1. What are D and B for a European put? a. D = 0.8915; B = 59.7127 b. D = 0.6796; B = 42.9031 c. D = 0.7140; B = 44.3863 d. D = 0.9545; B = 54.9335 e. D = 1.2724; B = 71.1938
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Compute the median of X given the following probability distribution: X (languages): 1, 2, 3, 4, 5 Probability: 0.7973, 0.1163, , 0.0077, 0.0019
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Suppose you are the money manager of a $2.23 million investment fund. The fund consists of four stocks with the following investments and betas: Stock Investment Beta A $260,000 1.50 B 400,000 -0.50 C 600,000 1.25 D 1,470,000 0.75 If the market's required rate of return is 15% and the risk-free rate is 9%, what is t...
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A particle moves along the x-axis under the influence of a force that is directed toward the origin and whose magnitude is inversely proportional to the square of the distance from the origin. Select the correct statement. a) The particle oscillates in simple harmonic motion. b) The frequency of the motion of the part...
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A manager may ignore some corporate social responsibilities if: a. The company is a small business and cannot afford to pay special attention to these responsibilities. b. The company operates in a developed country where social problems are not very significant. c. The company is listed on the Fortune 500 and profi...
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Assuming a perfectly competitive industry, a leftward shift in the industry demand curve will, in the long-run, lead to: a. an increase in the number of firms, a decrease in the price of the product, and a return to normal profits for each firm in the industry b. a decrease in the number of firms, an increase in the ...
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How do you find the surface area of the solid obtained by rotating about the x-axis the region bounded by 9x=y^2+18 on the interval 2<=x<=6?
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If the price elasticity of demand for a product is equal to zero, then a. demand is perfectly price elastic. b. demand is perfectly price inelastic. c. demand is relatively price elastic. d. demand is relatively price inelastic.
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Find the probability that a sample of 8 cans will have a mean amount of at least 12.11 oz, given that cans of Coke are filled so that the actual amounts are normally distributed with a mean of 12.00 oz and a standard deviation of 0.1 oz.
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A cash sale for $1,400 is made on February 18. On March 1, the sales return and allowances account is debited $140 and the accounts receivable account is credited for $140. The entry on February 18 to record the sale would include a: a) Debit to Cash for $1,400. b) Debit to Sales for $1,400. c) Credit to Sales for $...
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The smaller the simple deposit multiplier (money multiplier), a) the smaller the required-reserve ratio. b) the larger the required-reserve ratio. c) the less likely the Fed will use its monetary policy tools. d) the smaller change in the money supply for a given change in deposits.
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A company had a stock price of $34.65 at the beginning of the year and $39.34 at the end of the year. During the year, the company paid out $1.31 in dividends. What is the real return on the stock for a person who owns it, assuming the inflation rate was 1.2%? a) 17.77% b) 16.65% c) 15.31% d) 13.49%
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The Security Pension Services helps clients to set up and administer pension plans that are in compliance with tax laws & regulatory requirements. The firm uses a job-order costing system in which overhead is applied to clients{eq}' {/eq} accounts on the basis of professional staff hours charged to the accounts. Data ...
$0
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The first factors developed were the _____ and the _____ factors because they were used most often in analyzing cash flows. A) sinking fund; uniform series B) single payment; uniform series C) uniform series; single payment D) uniform series; compound amount
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Is it possible to use a binomial test to find $p$ given a $z$-value when testing the hypothesis that the probability of success in a series of $n$ independent Bernoulli trials is equal to or less than a specified value $p_0$, especially when the observed number of successes $k$ is greater than the expected number under...
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Jenson Products needs to purchase a new machine. The machine costs $243,000. The company can purchase the machine for cash or lease it for five years. If purchased, the machine would be depreciated on a straight-line basis over the five-year period. If the machine is leased, annual payments would be made at the end of ...
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Explain why the beta of a portfolio cannot be less than zero.
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Sally will receive $20,000 per year for the next ten years as royalty for her work on a textbook. What is the present value of her royalty income if the opportunity cost is 10%?
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Which one of the following strategies would continue to be effective if a cash-strapped firm determines that the effective interest rate charged on trade credit is lower than the bank's interest rate? a. take the discount but pay after the discount period b. borrow form the bank and take the discount c. ignore the d...
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Dole Industries had the following inventory transactions occur during 2013: Units Cost/unit: Feb. 1, 2013 Purchase 55 $42 Mar. 14, 2013 Purchase 95 $44 May 1, 2013 Purchase 67 $46 The company sold 156 units at $60 each and has a tax rate of 30%. Assuming that a periodic inventory system is used, what is the company'...
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Select the correct statement from below: A) The LIFO inventory method results in a higher net income in periods of rising prices, relative to the FIFO inventory method. B) The FIFO inventory method results in a higher cost of goods sold relative to the LIFO inventory method in periods of falling prices. C) The LIFO ...
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Let $T : \mathbb R^4 \to \mathbb R^4$ be defined by $$ T(x_1, x_2, x_3, x_4) = (x_1 + 2x_2 - 3x_3 + 4x_4, -2x_1 - 4x_2 + 6x_3 - 8x_4, 3x_1 + 6x_2 - 9x_3 + 12x_4, x_1 + 5x_2 - 4x_3 + 9x_4). $$ The nullity of $T$ is: (A) 4 (B) 3 (C) 2 (D) 1 (E) 0
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The integral $$\int_0^1 \frac{A}{x^4+(1-A)^4}+\frac{B x^2}{x^4+(1-A)^4}+\frac{C(1-A)}{x^2+(1-A)^2}+\frac{D x}{x^2+(1-A)^2} dx$$ is given by $x/2+C$ where C is a constant, while a partial fraction decomposition of the integrand is: $$A/(x^4+(1-A)^4)+B x^2/(x^4+(1-A)^4)+C(1-A)/(x^2+(1-A)^2)+D x/(x^2+(1-A)^2).$$ Why is th...
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What is the largest integer that always evenly divides the number formed by the last eight digits of the expansion of {eq}10^{10}-10^9-1{/eq}? (a) 3 (b) 9 (c) 4 (d) 75 (e) 10,000
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Randel Company produces a variety of gardening tools and aids. The company is examining the possibility of investing in a new production system that will reduce the costs of the current system. The new system will require a cash investment of $3,455,400 and will produce net cash savings of $600,000 per year. The syste...
10%
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Let {eq}f(x) = 3x^2 + 4{/eq} and {eq}P = \{ 0, 1, 3\} {/eq}. Calculate the Riemann Sum of {eq}f {/eq} over {eq}[0,3] {/eq} with partition {eq}P {/eq} and the chosen points {eq}C= \{1/2, 5/2\} {/eq}.
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You have been hired as a consultant to Project Hospital to evaluate a proposed capital expenditure. The proposed project is for the purchase of new diagnostic equipment. There are two alternatives available: Equipment 1: This equipment costs $6 million now and is expected to have a 5-year life. The equipment will be d...
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In the new equilibrium, equilibrium price is? a) $6 b) $4 c) $2 d) $0
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The price of a good or service that is set by buyers and sellers in the marketplace is called the __________. A. Elasticity price. B. Market price. C. None of the other answers is correct. D. Inelastic price.
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Luis Corporation uses a standard cost system in which it applies manufacturing overhead to products on the basis of machine-hours (MHs). The company's standard requires 3 machine-hours for each unit produced. Luis budgets to produce 2,700 units per month with a budgeted variable manufacturing overhead of $96,675 per mo...
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Find the Laplace transform of $$f(t)=10e^{-200t}u(t).$$ Would it be correct to take out the $10$ because it is a constant, find the Laplace transform of $e^{-200t}$ and then multiply it by the Laplace transform of $u(t)$ to obtain a final answer of $$10\left(\frac{1}{s+200}\right)\left(\frac1s\right).$$
\frac{10}{s+200}
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Dann, Inc., purchased 400 shares of Yanzhou Coal Mining stock on December 31, 2014, for $53 per share. The investment was classified as an available-for-sale security. On December 31, 2014, the fair value of the shares was $60 per share. An additional 200 shares were purchased on January 15, 2015, at a price of $49 per...
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Since 2008, the nominal U.S. dollar value of the Brazilian real, a major import from Brazil, has decreased by about 25%. What has been the impact on the purchase of Brazilian goods by U.S. importers? A. The U.S. dollar price of Brazilian goods has increased, which has increased the demand for Brazilian goods from the...
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If Cash flow of an investment is $100 in year one and -$200 in year two, what is the internal rate of return? a. Between 0 and 50% b. Between -50% and -100% c. Between 50% and 100% d. Between 100% and 150% e. Greater than 150%
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What does "barbed" mean in the sentence: "the barbed wire of terrorism"?
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If a firm's cost of equity capital is 12.5%, its cost of debt is 8.5%, and its target capital structure is 55% debt, what is its WACC? Assume that the risk-free rate is 4.5%.
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What will be the output of the program? class BoolArray { boolean [] b = new boolean[3]; int count = 0; void set(boolean [] x, int i) { x[i] = true; ++count; } public static void main(String [] args) { BoolArray ba = new BoolArray(); ba.set(ba.b, 0); ...
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When the economy is in a recession, expansionary fiscal policy can be used to stimulate and encourage economic growth. Which of the following scenarios represent expansionary fiscal policies from both a supply and demand perspective at the same time? When choosing the answer, please look if it meets three description, ...
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What is the expected return on a stock that has a beta of 2.5, given that the expected return on the market portfolio is 12%, the risk-free rate is 4%, and the standard deviation of the market return is 10%?
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$$\int_0^1 \frac{\mathrm{d}x}{1-\lfloor \log_2(1-x)\rfloor} $$. This means that $\log_2 (1-x)$ needs to be an integer for $\lfloor \log_2(1-x)\rfloor$ to be defined. I rewrote the function as a sum of functions: $\int_0^1 \frac{\mathrm{d}x}{1-\lfloor \log_2(1-x)\rfloor} = \sum_{n=0}^{\infty}\int_{2^{-n-1}}^{2^{-n}} \fr...
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MR has a capital structure of 50% equity and 50% debt. The company expects to report $3 million in net income this year, and 60% of the net income will be paid out as dividends. How large can the firm's capital budget be this year without it having to issue any new common stock?
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You wish to estimate, with 95% confidence, the proportion of college students who believe that marijuana should be legalized. Your estimate must be accurate to within 0.03, and you must be 95% confident of your estimate. To estimate the standard deviation in the sample, you use the rule of thumb s = p and find that s =...
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On August 1, 2013, Ace Corporation accepted a note receivable in place of an outstanding accounts receivable in the accounts of $124,465. The note is due in 90 days and has an interest rate of 10%. What would be the appropriate journal entry to record the receipt of cash at the maturity date? a. Dr. Cash 124,465.00, ...
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A consumer always has a cup of coffee with a tablespoon of sugar. What would the consumer's indifference curves for these two goods look like? A) downward sloping with a constant slope B) L-shaped C) upward sloping D) horizontal along the entire length E) vertical along the entire length
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The Wall Street Journal reports that the rate on 3-year treasury bonds is 6.25%, and the 6-year treasury bond rate is 7.15%. From discussions with your broker, you have determined that expected inflation premium is 2.25% next year, 2.75% in year 2, and 2.95% in year 3 and beyond. The maturity risk premium is estimated ...
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How do I prove that $\lim_{x \to 0}\frac{x^{\sin x}-1}{x\sin x} = 0$ without using L'Hopital's rule, derivatives, or series expansion?
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What do we expect to happen to the SRAS curve and the price level if Congress increases spending on a major public works project? a. The SRAS curve will shift right and the price level will rise b. The SRAS curve will shift right and the price level will fall c. The SRAS curve will shift left and the price level wil...
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Answer the question based from the data of Columbia Sportswear Company in 2015 found in: https://www.sec.gov/Archives/edgar/data/1050797/000105079716000020/colm-20151231x10k.htm What was Columbia Sportswear Company's 12/31/15 current ratio (in times)? a. 3.49 b. 1.40 c. 1.95 d. None of the above
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In the regression model $Y=a+bX+e_i$, why is $\sum_{i=1}^nX_ie_i=0$?
\sum_{i=1}^nX_ie_i=0
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A company produces dog food in batches of 100 bags. If on average 6.7% of the bags are underweight and the company randomly chooses and weighs 100 bags, what is the probability that there will be 90 or more bags that have been correctly weighed?
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How large of a sample do you need for a 96% confidence interval for the average study time, given a normal distribution with a standard deviation of 21 hours, for the margin of error to be ±3 hours?
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A person whose sales performance places them in the 77th percentile of the sales force is able to make: a. 77 sales calls. b. more sales than 77% of all sales representatives. c. fewer sales than 23% of the sales representatives. d. fewer sales than 77% of the sales representatives.
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How do you use the l'Hospital's Rule to find the limit of #(e^x+xe^x-1)/(e^x+xe^x+e^x/x^2)# as #x->0#?
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Assume that Company X is about to issue a bond with semi-annual coupon payments, an annual coupon rate of 10% and par value of $1,000. The yield to maturity for this bond is 8.05%. What is the price of the bond if it matures in 10 years?
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Consider the titration of a 35.0-mL sample of 0.175 M HBr with 0.200 M KOH. Determine the pH after adding 5.0 mL of base beyond the equivalence point.
12.15
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Expanding the discount period beyond 2/10 generally benefits the company in which situation? a. when payments within the discount period are low. b. when the cost of short-term financing is less than the 2% discount. c. when receivables are always paid on time. d. when bad debt expenses are low. e. when the cost o...
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Estimating a model to predict {eq}Y{/eq} with {eq}X_1{/eq} and {eq}X_2{/eq} as independent variables, we obtain the following output. Coefficient Standard Error t Stat P-value Intercept 4.177 0.1954 21.3781 2.49e-32 X1 -0.0435 0.0109 -3.9...
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Which of the following is not a problem with price discrimination? a. Consumers with price sensitive demand must pay the higher price. b. Customers with elastic demand must pay a lower price. c. Companies lose revenue when customers with inelastic demand pay higher prices. d. Sensitive customers may purchase large ...
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Firm XYZ measures its MP of labor curve to be the following {eq}MP = 4000 - 2 L {/eq}, where L is the number of hours of labor hired per day. XYZ produces gadgets that are sold for {eq}\$20 {/eq} each and is able to hire workers for {eq}\$10 {/eq} per hour. How many hours of labor should XYZ hire each day to maximiz...
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Maxwell, Inc. just paid $1.75 to its shareholders as the annual dividend. Simultaneously, the company announced that future dividends will be increasing by 6 percent. If you require a return of 12 percent, how much are you willing to pay to buy a share of this stock today? a. $20.83 b. $22.22 c. $23.45 d. $25.96 e...
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If the 45-degree line is above the AE curve: a. Aggregate expenditure is less than income. b. Aggregate expenditure is more than income. c. Aggregate expenditure is equal to income. d. Aggregate expenditure is greater than income.
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I have an iterated function that produces some arithmetic sequence I want to solve. The function is defined as follows: \begin{align} f_n(x) = 2 \lfloor f_{n-1}(x)\rfloor + (x - f_{n-1}(x)). \end{align} The initial function is $f_0(x) = x$. The goal is to find a closed form solution for $f_n(x)$. I have derived a few r...
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With a capital of $100,000, a firm can produce up to 500 units of a product each year. From past experience, it is known that revenues are given by R(x) = 700x - 3.9x^2 dollars, and the cost is given by C(x) = 1,600 + 200x + 1.1x^2 dollars, where x is the number of units. How many units should be produced to maximize p...
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Wistia is the prime example of: a) A search engine that indexes a number of different sites so you can find videos without leaving your current search engine. b) A site that allows businesses to find a variety of promotional videos. c) A company that creates and publishes high-quality promotional videos. d) A searc...
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The principle of complementary slackness states that a. If the constraint is slack (i.e., not binding) then the corresponding dual variable must be zero. b. If the constraint is not slack (i.e., binding) then the corresponding dual variable must be zero. c. If the dual variable is zero then the corresponding constra...
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A consumer maximizes her utility when purchasing a combination of goods that satisfies which of the following? A) Marginal utility per dollar spent is the same for each good B) The budget is exhausted C) A and B D) None of the above
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Ribbon Industries reported sales of $3 million and net income of $400,000 for 2012. The retained earnings balance at the end of 2012 is $7 million. Ribbon Industries has a dividend payout ratio of 30%. If sales are expected to increase by 25% next year, what will be the projected balance in retained earnings using the ...
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To estimate a population mean to within 10 at 95% confidence, what is the minimum sample size required given a population standard deviation of 100?
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An activity that is performed to support the organization's overall mission but is not directly tied to any specific product or service is: a. Value-Added Activity b. Nonvalue-Added Activity c. Expense-Related Activity d. None of the above
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The following data is available for Blaine Corporation at December 31, 2013. Common stock, par $10 (authorized 25,000 shares) $200,000 Treasury stock (at cost $15 per share) 500 Based on the data, how many shares of common stock are outstanding? a. 25,000 b. 20,000 c. 24,940 d. 19,940
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