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Lynn sold her stock in ABC Corporation, for which she had held a paper receipt, to her brother Bill for $11,000. At the time of the sale, the stock was worth $13,000. Bill sold the stock the next day for $12,000. What was Bill's realized gain? a. $1,000. b. $2,000. c. $3,000. d. $0.
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The spot exchange rate in New York is 1.590 dollars per British pound. The 360-day forward exchange rate is 1.610 dollars per pound. The one-year interest rate in Great Britain is 2% while the one-year interest rate in the United States is 4%. If the interest rate in the United States remains at 4%, what should the int...
None
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Suppose a model suggests a distribution with \(X \sim N(32,4)\). Find a value of \(X\) so that \(P(|X| > x0) = .4\)
33.68
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If a company must incur expense in order to generate revenue, the accountant would probably classify that expense as a. a cost b. an outlay c. an investment d. both a cost and an outlay
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Seamus has the opportunity to buy or sell the following assets at the current spot price. He can borrow and lend at 3% per year. Which trade will give him an arbitrage profit of $500? Asset Quantity Buy Price Sell Price A 1 $1,000 $1,000 B 1 $500...
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You're prepared to make monthly payments of $260, beginning at the end of this month, into an account that pays 6.1 percent interest compounded monthly. How many payments will you have made when your account balance reaches $10,000?
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Consider a monopolist facing the following demand function: p = 32 - 0.5Q where P is measured in dollars and Q in millions of units. The monopolist's marginal costs are given by MC = 2Q Note: Marginal cost does not include the fixed costs of $100. Required: What is the monopolist's profit-maximizing level of out...
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Shoreline Company engaged in the following transactions involving intangible assets. 1. Purchased a patent for $320,000. 2. Purchased a trademark for $70,000. 3. Purchased goodwill for $480,000. 4. Purchased a copyright for $90,000. 5. Purchased a franchise for $150,000. 6. Purchased a trademark for $100,000 and ...
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You are evaluating the balance sheet for Campus Corporation. From the balance sheet, you find the following balances: Cash and marketable securities = $393,000, Accounts receivable = $193,000, Inventory = $93,000, Accrued wages and taxes = $11,600, Accounts payable = $316,000, and Notes payable = $616,000. What is Camp...
B
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A firm's fixed costs were $35,000, its variable cost ratio was 20% and its operating profit was $36,000 when the revenue was $250,000. What is the firm's total cost? A. $30,000 B. $52,000 C. $89,000 D. $142,000 E. None of the above.
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In 2003 the dollar exchange rate was $1.83 per pound and U.S. interest rates went from 5% to 2%. If British interest rates stayed the same for the year, the expected exchange rate in 2004 would be about: a. $1.64 per pound. b. $1.76 per pound. c. $1.80 per pound. d. $1.95 per pound. e. There is not enough informat...
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Choose the term/concept described by the following definition: It deals with obtaining the right amount of money from the right sources at the right time, where "right" is determined by how the amounts, sources, and times affect the value of the individual or organization. A. Finance B. Corporation C. Treasurer D....
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If a consumer's budget constraint and indifference curves both shift from $B$ to $C$, then what can we conclude about the prices and utility? a) Prices have increased, but utility has remained constant b) Prices have remained constant, but utility has increased c) Prices and utility have both increased d) Prices an...
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The prices for a stock and a put option on the stock are $65 and $2.5, respectively. The option expires in three months. What is the market interest rate if the exercise price of the put is $60?
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In which of the following situations can you say, without further information, that consumer surplus decreases relative to the market equilibrium level? a. Your state passes a law that pushes the interest rate (i.e., the price) for payday loans below the equilibrium rate. b. The federal government enforces a law that...
b
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A monopoly makes a positive economic profit in the short-run if the price is: A. greater than the average total cost. B. equal to the average total cost. C. greater than the marginal cost. D. equal to marginal cost. E. None of the above.
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If actual fixed manufacturing overhead exceeds allocated fixed manufacturing overhead based on a predetermined rate, which of the following is true? a) Fixed manufacturing overhead volume variance is favorable and fixed manufacturing overhead efficiency variance is favorable. b) Fixed manufacturing overhead volume va...
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If $m,n\in\mathbb N$ are such that $(m,n)=1$ and $m>1,n>1$, how many monic irreducible polynomials are there over $\mathbb Z_m[X]$ of degree $n$?
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Which of the following statements is correct? A) The risk of loss from an increase in interest rates is called interest rate risk, and it is called reinvestment rate risk if funds realized from coupon or principal payments are reinvested at lower rates. B) All else equal, short-term, fixed-rate bonds have more reinve...
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Shares of the Katydid Co. common stock are currently selling for $33.60. The last dividend paid was $1.60 per share. The market rate of return is 10%. At what rate is the dividend growing? Assume the market is in equilibrium.
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Can I solve the limit $$\lim_{x\to -\infty}x^x$$ by using the substitution $y=-x$ and rewriting the limit as $$\lim_{x \to -\infty}x^x=\lim_{y \to +\infty}\frac{-1}{y^y}=0$$?
0
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A company that uses leverage is attempting to earn an overall return that is higher than the cost of funds received from: a) Common stockholders only. b) Preferred and common stockholders. c) Borrowing. d) Customers.
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Which of the following statements is true? a. Job-order costing would be appropriate for a custom home. b. Process costing would be appropriate for custom cabinets. c. Job-order costing would be appropriate for a textbook. d. Job-order costing would be appropriate for a textbook. e. Process costing would be approp...
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Find the indicated probability and determine whether the given sample mean would be considered unusual. For a sample of n = 35, find the probability of a sample mean being less than 12,640 or greater than 12,643 when the mean μ = 12,640 and the standard deviation σ = 1.3.
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Your company, Beta Corporation, is considering a new project which you must analyze. Based on the following data, what is the project's year 1 operating cash flow? Sales revenue $22,000 Depreciation $8,100 Other operating costs $12,000 Tax rate 35%
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Which theory of leadership proposes that followers attribute heroic or extraordinary leadership abilities when they observe certain behaviors? a) transformational leadership theory. b) authentic leadership theory. c) transactional leadership theory. d) attributional leadership theory. e) charismatic leadership the...
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A telemarketing company wants to find out if people are more likely to answer the phone between 8 pm and 9 pm than between 7 pm and 8 pm. Out of 96 calls between 7 pm and 8 pm. 72 were answered. Out of 105 calls between 8 pm and 9 pm, 90 were answered. Using a one-sided hypothesis test with a 90% confidence level, whi...
b
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Suppose the own price elasticity of market demand for retail gasoline is -0.7, the Rothschild index is 0.6, and a typical gasoline retailer enjoys sales of $2,100,000 annually. What is the price elasticity of demand for a representative gasoline retailer's product? Instruction: Round your answer to 2 decimal places.
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If a competitive labor market is in equilibrium, which of the following statements is true? A. the market demand for labor is equal to the market supply of labor B. the marginal value product of labor is equal to the wage rate C. the value of the marginal product of labor is equal to the wage rate D. the marginal p...
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How many terms of the Taylor series for f(x)=lnx centered at a=1 are required to approximate ln(1.2) accurate to within 0.0001?
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In its first month of operation, Sweet Acacia Industries paid $42,500 for raw materials, $19,300 for direct labor, and $45,800 for manufacturing overhead. The company uses a job costing system, and its products were transferred to finished goods and then sold for a total of $122,200. Given this information, what was t...
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The return on total assets for last year for Ruston Company was 10%. The return on common stockholders' equity was 12%. The total debt ratio was 0.40. If the before-tax cost of debt is 7%, then what is the cost of equity?
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The Jean Outlet is an all-equity firm that has 152,000 shares of stock outstanding. The company has decided to borrow $1.1 million to repurchase 7,500 shares of its stock from the estate of a deceased shareholder. What is the total value of the firm if you ignore taxes? A. $18,387,702 B. $19,666,667 C. $22,293,333 ...
C
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ABC Co. is an all-equity firm with 20,000 shares outstanding. The company is in the process of borrowing $100,000 at 9% interest to repurchase 5,000 shares. What is the value of this firm if you ignore taxes? a. $400,000 b. $500,000 c. $1,000,000 d. Not enough information given.
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In your trial balance, the cash account has a debit balance of $1500 and the supplies account has a debit balance of $3500. At the end of the period, after reconciling the cash account, you determined that the bank statement showed a deposit outstanding of $1500. You also determined that on December 31, you had $500 of...
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Which statement is correct? a. First-degree price discrimination works to increase a firm's profits by more accurately matching willingness to pay to the marginal costs of production. b. First-degree and third-degree price discrimination work to increase a firm's profits by more accurately matching willingness to pay t...
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Is the calculation of the Poisson bracket $[J_i,x_j]=0$ using the relation $[A(f),B(g)] = (AB - BA)(fg)$ and the specific forms $A(f) = \sum_{i=1}^3 \epsilon_{ijk}J_k \frac{\partial }{\partial f}$ and $B(g) = g \frac{\partial }{\partial x_j}$ correct? The intermediate result is $[\epsilon_{ijk}J_k \frac{\partial}{\part...
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For the following cost formula, pick the correct identification for the letter "b". Y = a + b X a. Dependent variable b. Independent variable c. Intercepts the y-axis d. Slope of the line
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If Mary repays \$1,500 per year on a \$12,000 loan with a 9.90\% annual interest rate, how long (to the nearest year) will it take her to repay the loan?
17 years
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For $a \in \mathbb R$, let $F(a) = \int_0^{\infty} \frac{a e^{-x^2}}{e^{ax}-1}\,dx$. Compute $\frac{dF}{da}(0^+)$.
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Valdez Company had the following operating results for 2016: net income, $240,000; sales, $3,600,000; return on assets, 11%; and current ratio of 3:1. Use this information to determine current liabilities. (Amounts to be deducted should be indicated with a minus sign.) Valdez Company's current liabilities _____?
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A company received a two-year insurance premium in advance and credited Unearned Revenue for the full amount. What would be the correct adjusting entry for this insurance premium at the end of the first year? A. Debit Prepaid Insurance, credit Unearned Revenue. B. Debit Unearned Revenue, credit Prepaid Insurance. C....
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Evaluate the surface integral of the function f(x, y, z) = y over the portion of the plane 3x + 3y + z = 6 that lies in the first octant.
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A monopolist is an inefficient way to produce a product because: a. It produces a smaller level of output than would be produced in a competitive market. b. It can earn both short-run and long-run profits. c. The cost to the monopolist of producing one more unit exceeds the value of that unit to potential buyers. d...
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What is the probability that the number of lost-time accidents occurring over a period of 10 days will be no more than 3, given that lost-time accidents occur in a company at a mean rate of 0.8 per day?
0.0424
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Where is the Levee Property included in the problem statement? Or can you explain how it relates to the concepts presented, such as Markov Chains or probability distributions? Given that the process of moving from a random point X on the interval (0,1) to the nearest end of the interval can be modeled as a Markov Chain...
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Which of the following statements is most correct? a. Accounts receivable is an accrual based asset. b. Retained earnings is an accrual based account. c. Cash is an accrual based account. d. Accounts payable is an accrual based liability.
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You own {eq}11 {/eq} bonds with a face value of {eq}\$1,000 {/eq} each. They have a coupon rate of {eq}8 \ \% {/eq} and their market value is {eq}\$983 {/eq} each. If the company has a total market value of debt of {eq}\$14 \ \mathrm{million} {/eq}, what is the after-tax cost of debt for the company? Assume a cor...
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Consider a population with a mean of 100 and variance of 900. If a random sample of size n = 30 is obtained, what is the probability that the mean is less than 96?
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ABC Corporation is considering buying a new machine which will cost them $50,000.00. The machine will be depreciated using MACRS. The machine is expected to last 15 years and will have no salvage value. The machine will save ABC Corporation $10,000.00 per year before tax. ABC Corporation's marginal tax rate is 35% and ...
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In the 2-factor, 2 good Heckscher-Ohlin model, an influx of workers from across the border would a. move the point of production along the production possibility curve. b. shift the production possibility curve outward, and increase the production of both goods. c. shift the production possibility outward and decrea...
d
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Assume that the elasticity of the bond's demand with respect to interest rate is -2. A rise in the interest rate from 8% to 12% will _____ the bond price, making it _____ of its initial value of $1,000. a. lower; 10% less b. lower; 20% less c. raise; 10% more d. raise; 20% more
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A life insurance company wants to estimate the mean age at death in order to determine the cost of life insurance. From past data, they estimate that the standard deviation is 16 years. How large a sample should they draw if they want a 95% confidence interval that is at most 5 years wide?
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The demand function for a certain brand of CD is given by {eq}p = - 0.01 x^2 - 0.2 x + 12 {/eq}, where {eq}p {/eq} is the wholesale unit price in dollars and {eq}x {/eq} is the quantity demanded each week, measured in units of a thousand. Determine the consumers' surplus if the current market price is set at $ 1 / d...
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Three 4.0-kg masses are placed at the corners of a right-angled triangle 1.0 m, 1.5 m, and 1.8 m sides. Where is the center of mass of this system?
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What is the value of ∑(X+1) for the scores 1, 5, 2, 4? A) 2 B) 14 C) 20 D) 18
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Use IBP to evaluate the integral {eq}\int \frac{x e^x}{(1+x)^2} \, dx
\frac{e^x}{1+x} + C
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Ghost Rider Corporation has bonds on the market with 15 years to maturity, a YTM of 8 percent, and a current price of $941. What must the coupon rate be on the company's bonds?
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Heroic compression will have a greater effect on your work capacity when: A. your work rate is constant throughout. B. your work rate increases linearly. C. your work rate increases exponentially. D. your work rate is constant during the first portion of work, then increases at a constant rate. E. your work rate d...
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Use the simplex method to find the minimum of the maximum value in the payoff matrix. 4 3 3 8 3 2 8 4
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I'm working on calculating the integral $ \int_{-\infty}^{\infty} \frac{d}{dx} \delta(x) \phi(x) dx $ where $\delta(x)$ is the dirac delta function and $\phi(x)$ is some function I wish to integrate. I can't get my solution to match the one I get when using integration by parts, so I must be missing something. Using th...
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How many different 3d states does hydrogen have?
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Consider the following information: State of Probability of Economy Rate of Return if State Occurs Stock A Stock B Stock C Boom .20 .18 .45 .23 Good .15 .16 .18 .13 Poor .40 .05 .15 .02 Bust .25 .15 .35 .11 Your portfolio is invested 20 percent each in A and C, and 60 percent in B. What is the expected return...
20.24%
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The outside diameter of a particular plastic ball is 500 ± 0.5 mm. Using a computer, generate 50 random samples of n = 10 balls and determine the 95 percent confidence interval on the mean outside diameter. How often does the interval contain the target value of 500.0 mm?
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If 10-year annual interest rates were 9.50% and the rate were expected to remain constant, what is the maximum price you would be willing to pay for a 10-year, $1,000 bond with a 7% coupon rate? a. $872.24 b. $894.06 c. $923.10 d. $950.00
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A diffraction grating has 2000 rulings/cm. On a screen 3.00 m from the grating, it is found that for a particular order m, the maxima corresponding to two closely-spaced wavelengths of sodium (589.0 nm and 589.6 nm) are separated by 0.69 mm. Determine the value of m.
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Which of the following curves has a binormal vector {eq}B(t) = \dfrac{1}{\sqrt 3} (-\mathbf i + \mathbf j - \mathbf k) {/eq} at {eq}t = 0? {/eq} (A) {eq}\mathbf r(t) = t^2 \mathbf i + 2 t \mathbf j + \mathbf k {/eq} (B) {eq}\mathbf r(t) = 3t \mathbf i + 3 \mathbf j + 3 \mathbf k {/eq} (C) {eq}\mathbf r(t) = \cos...
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$e^{i\theta}$ moves around the unit circle. What exactly does multiplying by $e^{i\theta}$ do?
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Wharton Company has the capacity to produce 50,000 units per year. The company sells each unit for $125. Budgeted information is as follows: Revenues $5,612,000 Direct materials $1,932,000 Direct labor 552,000 Manufacturing overhead (fixed) 276,000 Manufacturing overhead (variable) 552,0003,312,000 Total $2,300,...
C
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The following are Silver Corporation's unit costs of making and selling an item at a volume of 9,400 units per month (which represents the company's capacity): Manufacturing: Direct materials $ 2.10 Direct labor $ 3.10 Variable overhead $ 1.60 Fixed overhead $ 0.40 Selling and administrative: Variable $ 3.10 Fixed $...
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What is wrong with my calculation of the curl of the gradient of $f(x,y) = \arctan{\frac{y}{x}}$, where I obtained $(\frac{-2y}{x^2+y^2})$, while the correct answer is zero? Where did I go wrong?
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What is the required sample size, if the researcher wants to be accurate to within 0.4 minutes at a 99% level of confidence, given that travel times are normally distributed with a mean of 24.5 minutes and a standard deviation of 6.2 minutes?
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Stocks A and B have betas of 1.45 and 1.17, respectively. What is the expected return on a portfolio of these two stocks if their expected returns are 12% and 10%, respectively?
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A company's sales force consists of 10 salespeople. Salespeople can be grouped into five different levels for purposes of promotion. Each level consists of two salespeople. The company president is considering randomly selecting two salespeople for the board of directors. What is the probability that the first two sale...
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South Sea Bubbles has the following (incomplete) balance sheet and income statement. Balance Sheet at End of Year Figure in $ millions Assets 2013 2014 Current assets 108 230 Net fixed assets 980 1080 Liabilities and Shareh...
$77.70
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For the sequence $a_n=(n^2+n+1)/2^n$, find $L \geq 0$ such that $$ \lim_{n \to \infty} a_n = \lim_{n \to \infty} \frac{n^2+n+1}{2^n} =L $$ and prove the result with $\epsilon$-$N$ language.
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In the spring of 2017, Americans unexpectedly encountered a wave of extraordinarily cold weather. At the same time, U.S. exports increased while imports decreased. The weather affected which component of aggregate demand, and the trade situation affected which component? A) Weather: Consumption. Trade: Investment. B)...
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Show that {eq}\lim_{(x,y) \to (0,0)} \frac{(xy)^2}{x^2 + y^4} = 0{/eq} along every path through (0,0) of the form {eq}y = mx{/eq} for any real number m.
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When estimating a population mean, what happens if we decrease the sample size?
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You have a stock portfolio invested 25% in Stocks Q, R, and S as well as 25% in Stock T. These stocks have betas of 0.75, 1.25, 1.10, and 1.45, respectively. What is the portfolio beta?
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Suppose that a molecular ion with charge -10e is embedded within the 5.0-nm-thick cell membrane of a cell with membrane potential -70mV. What is the electric force on the molecule?
0.224e-10 N
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The type of policy making that is not in response to actual or potential changes in overall economic activity is called a. discriminatory policy making. b. discretionary policy making. c. passive policy making. d. active policy making.
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$$\lim_{n \to \infty} \dfrac{(n!)^{\frac {1}{n}}}{\ln (n)}$$ I know from wolfram that the answer is $1$, however I don't know how to approach this problem. I tried using the squeeze theorem, but I can't find a function that is smaller than the given function and its limit is $1$ when $n \to \infty$.
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A stock has a beta of 1.05, the expected return on the market is 10%, and the risk-free rate is 3.5%. What must the expected return on this stock be?
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What sample size is needed to estimate the percentage of people in the US who believe the Earth is warming, with an approximate error of 2% and a 90% level of confidence?
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What are some of the reporting options in Microsoft Word? a. tables, footnotes, and endnotes b. forms, columns, and tables c. columns, tables, and endnotes d. columns, footnotes, and endnotes
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Going global always means: A) increased profits B) new synergies C) loss of jobs in the home country D) organizational change e. all of the above
D
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Compute the following limit, if it exists: {eq}\lim_{x \to 3} \frac{2x^2 -5x -3}{x^2 -2x -3} {/eq}
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An organization with too much centralization is most likely to have a problem with _____. a. quick response to market changes b. innovation c. control and communication d. task specialization
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A reduction in the money supply, with the assumption of an upward sloping aggregate supply curve, will cause: a. both equilibrium price level and equilibrium quantity of output to increase. b. both equilibrium price level and equilibrium quantity of output to decrease. c. equilibrium price level to decrease and equi...
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A premium on bonds payable is a. credited at bond issuance b. debited at bond issuance c. amortized over the life of the bonds d. reported as a current liability
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The following data are provided concerning a nonmonetary transaction. Fair value of inventory traded-in on old inventory and receive new inventory $160,000. Cash paid for new inventory $130,000. Fair value of old inventory given as trade-in $25,000. Part A: What is the amount of gain to be recorded on the exchange ass...
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How do you prove $\tfrac 14\text{Log }2=\sum\limits_{k=1}^\infty\frac 1{\left\{2(2k-1)\right\}^3-2(2k-1)}$? I have $\varphi(2,n)-\varphi(4,n) = \sum\limits_{k=1}^n\frac 1{2k-1}+\sum\limits_{k=1}^n\frac 1{2k+1}-\sum\limits_{k=1}^n\frac 1{4k-1}-\sum\limits_{k=1}^n\frac 1{4k+1}-\frac 12\sum\limits_{k=1}^n\frac 1k$. What a...
1/4\log 2
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What is the expected return on a stock with a beta of 2.1, a risk-free rate of 4%, and a market risk premium of 9%? (Round your answer to 2 decimal places. Omit the % sign in your response.)
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The risk-free rate is 3.2 percent, and the expected market return is 9.1 percent. How much does a stock with a beta of 1.15 deviate from the expected market return?
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What is the limit of $y = \dfrac{x - \sqrt {x^2 + 3x}}{2}$ as $x \to \infty$? How does Wolfram Alpha claim the answer is $0$ when there seems to be no vertical asymptote to suggest a horizontal asymptote at $y=0$?
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You had a z-score of -3 in a statistics class where students received their z-scores instead of their grades. Assuming that student scores are normally distributed, which of the following is a correct interpretation of your z-score? a) You did worse than most students in the class. (in fact, only 16% of students did w...
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Assume that the real risk-free rate is 2% and that the average expected future inflation rate is 2.5%. A maturity risk premium of 0.1% per year is assumed for securities that mature in 2 years or more; and a default risk premium of 1% is assumed for corporate bonds. If the yield on 3-year Treasury bonds equals the 1-ye...
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The best ratio we found from the S & P Financials to use in multiple analyses is: a. Price/Pound b. Price/Share c. Price/Book d. Price/Earnings
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Information on Machine A included the following: Cost$10,000 Useful Life6 years Residual Value2,000 The straight-line method of depreciation is used. Information on Machine B included the following: Cost$15,000 Useful Life5 years Residual Value2,000 The double-declining-balance method of depreciation is used. At t...
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