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During the last year of operations. Theta's accounts receivable increased by $18,000 accounts payable increased by $9,000 and inventories decreased by $3,600. What is the total impact of these changes on the difference between profits and cash flow?
-$5,400
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Over a year, the price of an asset rose by 100%. An investor was compensated for the inflation that year by a 2% increase in the price level. What is the investor's real return? a) 102% b) 2% c) -2% d) -98% e) none of these
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Alt Corp just paid a dividend of $2.25 per share, and the stock currently sells for $65 per share. If the discount rate is 10%, what is the dividend growth rate?
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ABC Company had $900,000 of net credit sales during 2012. Accounts Receivable had a December 31, 2012, balance of $300,000. No amounts have been added to the Allowance for Doubtful Accounts during 2012. Before adjustment on December 31, 2012, the Allowance for Doubtful Accounts had a credit balance of $4,000. ABC estim...
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Wagner Company sold some machinery to Granger Company on January 1, 2017. The cash selling price would have been $242,500. Granger entered into an installment sales contract that required annual payments of $82,500, including interest at 10%, over three years. The first payment was due on December 31, 2017. What amoun...
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Use L'Hospital's rule to evaluate the limit {eq}\displaystyle \lim_{x \rightarrow 2} \frac{x^3 + 2x^2 -5x - 6}{x^2 - 4} {/eq}
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Find the equation of the plane through the point (-1,4,2) that contains the line of intersection of the planes 4x-y+z=2 and 2x+y-2z=3
4x-13y+21z+14=0
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Is $(n^{n+1} - (n+1)^n)/(n^2+1)$ convergent?
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The cost parameters for three different alternatives are given in the table below. MARR = 12% Cost parameters A B C First Cost $50,000 $60,000 $55,000 O&M cost per year $5,000 $3,000 $4,000 Benefit per year $12,000 $15,00...
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Compared to a business that does not promote internationalization, the business that does so has a: a. higher risk of future cash flows. b. smaller variance in future cash flows. c. higher expected value of future cash flows. d. higher premium for taking on risk.
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The time between calls arriving at a customer service center is known to have an exponential distribution, as shown in the following table. Time between calls Probability Less than 1 min 0.250 1 min 0.150 2 min 0.100 3 min 0.075 4 min or more 0.425 What is the expected time between calls? A) 3.33 min B) 2.67 min C...
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If the pound sterling appreciates against the U.S. dollar, England buys _____ U.S. goods, causing the U.S. aggregate demand curve to shift to the _____. a. fewer; right, b. more; left, c. fewer; left, d. more; right.
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A portfolio manager without superior analytical skills should a) Determine and quantify the risk preferences of a client. b) Minimize transaction costs. c) Maintain the specified risk level. d) Ensure that the portfolio is completely diversified. e) All of the above.
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What is the correct calculation of the average price level for the three goods in 1995, given the following prices and quantities? |Year|Quantity of Good A|Price of Good A|Quantity of Good B|Price of Good B|Quantity of Good C|Price of Good C| |---|---|---|---|---|---|---| |1994|10|1.00|20|1.50|50|2.00| |1995|10|1.20|2...
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Let $a,b \in R$. Show that the number $\frac{|a+b|}{1+|a+b|} \leq \frac{|a|}{1+|a|}+ \frac{|b|}{1+|b|}$. Find the values of $a,b \in R$ for which equality holds.
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A monopoly is maximizing its profit. The marginal cost is $20 and the selling price is $30. What is the price elasticity of demand?
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Gwinnett Barbecue Sauce Corporation manufactures a specialty barbecue sauce. Gwinnett has the capacity to manufacture and sell 18,000 cases of sauce each year but is currently only manufacturing and selling 16,500. The following costs relate to annual operations at 16,500 cases: Total Cost Variable manufacturing cos...
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Which of the following statements is true regarding revenue? A. It has a normal debit balance. B. It is an increase in assets. C. It is a decrease in liabilities. D. It is an increase in stockholders' equity.
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In reviewing the accounts of Tumblers 00, you discovered that a credit of $1,000 to prepaid insurance was wrongly credited to accounts receivable, and an $800 prepayment was remitted for a radio advertisement that was not posted. Which of the following statements reflects the effect of the errors? a) Total assets is ...
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On July 1, 2011, Lilydale Hospital's Board of Trustees designated $200,000 for expansion of outpatient facilities. The $200,000 is expected to be expended in the fiscal year ending June 30, 2014. In Lilydale's balance sheet at June 30, 2012, this cash should be classified as a $200,000: a) Restricted current asset. b...
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Find the integral: \(\displaystyle \int x^4(9 + 10x^5)^4 \ dx\)
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Nelson Enterprises is considering a project with the following free cash flows: Year 0: -$240 Year 1: $80 Year 2: $100 Year 3: $120 Year 4: $160 What is the internal rate of return for this project? a) 5% b) 13% c) 16% d) 19%
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Is country #2's response $$r_2(a_1 = -1) = a_2$$, $$r_2(a_1 = 1) = -a_2$$ correct, or is there an error in the provided responses or reasoning?
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Suppose that you have decided to drop out of school for the summer and get a job. You can earn $2,000 per month. Suppose that you can increase your future earnings by taking summer classes for 3 months at a community college. If taking the classes means that you will not be able to work for those 3 months, then you hav...
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Use Green's Theorem to evaluate {eq}\; \int_{C} \sqrt{1 + x^3} \, \mathrm{d}x + 2xy \, \mathrm{d}y \; {/eq} where {eq}C {/eq} is the triangle with vertices {eq}(0, 0), \; (2, 0), {/eq} and {eq}(2, 3) {/eq}.
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An economy produces only agricultural products (x) and manufactured goods (y). A quarter of the land in the country is arid and not suitable for agricultural products. Therefore, if half of the arid land is not used at all: (a) The economy could be productively efficient when the opportunity cost of x (agricultural pr...
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M&N Manufacturing Company is a leading manufacturer of steel production machinery. The company has determined the following sales goals for the upcoming year: Machine AMachine B Sales target$600,000$400,000 Required units600400 Selling price per unit$300$200 Variable cost per unit$150$100 Fixed costs$300,000$200,000 ...
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Suppose the own price elasticity of market demand for retail gasoline is -0.6, the Rothschild index is 0.5, and a typical gasoline retailer enjoys sales of $1,800,000 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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Consider the following utility function: {eq}u(x,y) = min (x,y) {/eq} Which of the following statements is/are true? A. This utility function cannot represent a convex preference ordering. B. This utility function does not exhibit diminishing MRS. C. In the indifference curve corresponding to U=10, if you increas...
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How do you evaluate the integral using the residue theorem #int e^x/(e^x+1) dx# where C is #|(z,-i)|=2#?
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Does NOT characterize the period known as Postmodernism. A) Influenced by Freud's study of the unconscious. B) Multiple meanings and multiple worlds. C) An explosive growth of information technology. D) Features cultural diversity.
A
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A 10-year, zero-coupon bond was issued for $200.00 and it has a face value of $1,000. If the bond is currently priced at $720.00, the expected yield to maturity is _____ percent.
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Which of the following will cause a decrease in the contribution margin ratio? A) A decrease in selling price B) An increase in variable cost per unit C) An increase in the sales mix of high contribution margin products D) All of these will decrease the contribution margin ratio
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Market power is defined as: a) the market's ability to keep prices up. b) a producer's ability to keep prices down. c) an industry's ability to keep prices down. d) a firm's ability to charge a price higher than marginal cost. e) a market's ability to price firms out of the market.
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It is possible that when the money supply rises, interest rates may _____ if the _____ effect is more than offset by changes in income, the price level, and expected inflation. A) fall; liquidity. B) fall; risk. C) rise; liquidity. D) rise; risk.
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Assume that the stock market is semistrong form efficient. This means: (a) Stock prices reflect all historical price information. (b) Stock prices reflect all public information. (c) Stock prices reflect all public and private information. (d) Public information includes fundamental information. (e) It is possible...
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A new machine with an expected useful life of six years is being planned for purchase now. The maintenance for the following two years of the purchase is $300 each (at end of the first year and at the end of the second year). The maintenance for the third year of the purchase is zero. Then, the maintenance of the subse...
E
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Your firm has been in business for two years. In its first year, your firm produced 10,000 units at a price of $20 per unit. In its second year, your firm produced 12,000 units at a price of $16 per unit. What is the percentage change in the output of your firm? a) 10.0% b) 20.0% c) 22.2% d) 25.0% e) none of the a...
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Which of the following are examples of discretionary fiscal policy? A) Increase in government purchases, decrease in income taxes, decrease in transfer payments, increase in government transfers to state and local governments B) Decrease in government purchases, increase in income taxes, increase in transfer payments...
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Galena Company has a production process that involves two main departments. The Finishing Department completed 350,000 units during the period and transferred out 315,000 units to the next stage of production. The beginning WIP inventory was 20% complete with respect to conversion, and the ending WIP inventory was 60% ...
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Suppose you roll a fair 6-sided die three times. Let X be the sum of the first two rolls and let Y be the sum of the last two rolls. Compute the correlation coefficient between X and Y.
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_____ enhance coordinated focus on the marketplace but make integration across highly autonomous divisional units difficult to achieve. a. Functional structures b. Divisional structures c. Dynamic structures d. Vertical structures e. Geographical structures
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P(Z < -5.42) =
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You have been asked to evaluate a potential investment in a new restaurant business. The required return on investments of this type is 15 percent. You estimate the following financial parameters based on industry averages and your previous restaurant experience. The project costs $250,000 and has a life of 6 years. ...
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Suppose that the Fed increases the money supply. The interest rate will: A. increase if velocity decreases. B. increase if the demand for money is fairly insensitive to changes in the interest rate. C. increase if the increase in the money supply is offset by an increase in income. D. decrease if businesses are rel...
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Assume $f \in C^{\infty}(\mathbb{R}^2)$ satisfies $f(\sin 2t, \sin t)=0$ for all $t\in \mathbb{R}$. Evaluate the limit \begin{equation*} \lim_{h \to 0}\frac{f(2h,h)}{h}. \end{equation*}
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Heidenescher Inc. has provided the following data for the month of August. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all associated with the August production activity. Direct materials $53,600 Direct labor $73,900 Manufa...
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Consider the regression model y= a+ bx+ c(xu03b2)+ u, where x is a vector of p regressors with an intercept term included in x, and xu03b2 is the product of a vector of instruments Z and x. The regression is estimated by 2SLS. The coefficient on x is given by c. Assuming that E(ux|Z)= 0, which of the following is true?...
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It has been observed that university enrollment in Canada is higher during periods of high unemployment. A possible explanation for this is that: A) when prospects for getting a job are poor, the opportunity cost of getting a job is lower. B) when prospects for getting a job are poor, the opportunity cost of doing n...
E
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The Corp. has a $10,000, 12%, 10-year bond issue outstanding. Their accountant tells them that with a rate of 7% the bond is selling for $12,100. Interest is paid semiannually. What is the annual effective interest rate (EAR) for these bonds? A. 13.05% B. 14.64% C. 6.53% D. 7.35% E. 10.25%
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Now Company stock has a beta of 1.3 and currently pays a dividend of $4. The US Treasury bill rate is 3.5% and the market risk premium is 8.5%. What is the value of this stock if a constant annual growth rate of 5% is expected in dividends and earnings? a. $90.19 b. $106.82 c. $80.91 d. $95.24 e. $82.74
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The Lifeblood Blood Bank is concerned about the possibility of an outbreak of AIDS. They want to estimate the probability of a donor having the AIDS virus. They use three characteristics to make the estimate: age, blood group, and donation history. The assignment for each characteristic is shown in the table. The final...
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Find the exact length of the curve. x = 5 cos t - cos 5t, y = 5 sin t - sin 5t, 0 ≤ t ≤ π
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Compute the payback period for the machine with the following cash flows, based on the given cut-off period of three years: Year 1 2 3 4 5 Cash flow $50,000 $10,000 $20,000 $30,000 $40,000 The machine's payback period is _____ years.
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Which one of the following statements is the most accurate? A) An increase in disposable income improves the current account. B) An increase in disposable income does not affect the current account. C) An increase in disposable income worsens the current account. D) An increase in disposable income has an ambiguous...
C
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You purchased an annual interest coupon bond one year ago with six years remaining to maturity at the time of purchase. The coupon interest rate is 10.00% and par value is $1,000. At the time you purchased the bond the yield to maturity was 8.00%. If you sold the bond after receiving the first interest payment and the ...
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Assume an economy has a capital stock of $100,000 and its production function is Y = 5K^(1/2). It produces a level of output equal to $200,000 and has an investment equal to $10,000. If depreciation is not accounted for, how much will total income (Y) be? a. $200,000 b. $210,000 c. $190,000 d. $10,000
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If sales growth for XYZ Corporation exceeds 6%, XYZ will need to seek external financing. This means that 6% is the: A) external growth rate. B) internal growth rate. C) optimal growth rate. D) sustainable growth rate.
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On December 31, 2013, before any adjusting entries were made, Claxson had received $400,000 in cash and issued a note receivable for an extension of an existing mortgage on property. The note was for 3 years. The annual interest rate on the note is 9%. Claxson makes monthly interest payments on its notes. No other tran...
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Suppose that the supply of a certain brand of DVD player is given by S(p) = -40 + 10p and its demand is given by D(p) = 60 - 20p. Solve the supply equation for p to obtain an expression for the price p in terms of the number of DVDs sold per day S. Sketch a graph of this function and note the approximate level of sales...
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What is the radius of convergence for the power series $\sum_{n=0}^\infty n!x^{n^2}$?
1
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The net investment at the end of year 5 equals: The Mangler Co. has an opportunity to invest in a new project, the details of which are shown below. How much is the firm's net investment at the end of Year 5? Year 1 2 3 4 5 Net Cash Flow -$47,500 $12,000 $12,000 $12,000 $12,000 $12,000
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Which of the following is false? a) The project with the highest NPV is always the best project. b) A common mistake in capital budgeting is to choose the project with the higher IRR without considering the scale of the investment. c) NPV accounts for the time value of money. d) NPV directly measures the increase i...
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Suppose the demand function for a monopolist's product can be expressed as {eq}P = 100 - 0.2Q {/eq}. How much additional revenue will the firm earn if it decreases its price from $80 to $60? (Given that: TR = P * Q) a. $1,800 b. $2,000 c. $3,600 d. $3,800
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Suppose your research team is trying to assess the risk of a $20 million project. You have identified that there are three possible outcomes, each with different probabilities and NPVs. The table below shows the three outcomes. Probability NPV 0.40 $10 million 0.50 ...
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An 18-year old female with no past history is admitted to the burn center after a road accident. She sustained 35% TBSA burn. Her blood pressure is 80/40 mm Hg, heart rate is 110, and respirations are 28. Her blood sugar is 120 mg/dL. Serum sodium is 155 mEq/L, potassium is 5.2 mEq/L, bicarbonate is 16 mEq/L, and creat...
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Evaluate the derivative of sin(x^2) using the definition of the derivative.
2xcos(x^2)
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The Fed primarily targets which of the following? a. Federal Funds Rate b. Treasury Bill Rate c. 3-Month Treasury Bill Rate d. Prime Rate
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Sisk Company has owned 10 percent of Maust, Inc. for the past several years. This ownership did not allow Sisk to have significant influence over Maust. Recently, Sisk acquired an additional 30 percent of Maust and now will use the equity method. How will the investor report this change? a. A cumulative effect of an a...
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Find the length of the curve: y = (9 - x^(3/2))^(2/3), 1 ≤ x ≤ 9.
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The reaction {eq}SO_2Cl_2 \to SO_2 + Cl_2 {/eq} is a first order reaction with {eq}k = 1.02 x 10^{-6} \ s^{-1} {/eq}. How long will it take for half of the {eq}SO_2Cl_2 {/eq} to be consumed?
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Jekyll Company leased equipment from Lestrade Company on January 2, 2014. The lease term is 9 years. The first payment of $399,954 was made on January 1, 2014. The present value of the lease payments is $3,250,000. There is no bargain purchase option, and the lease is appropriately classified as a sales-type lease. The...
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Whitestone Products is considering a new project whose data are shown below. The required equipment has a 3-year tax life, and the accelerated rates for such property are 33.33%, 44.45%, 14.81%, and 7.41% for Years 1 through 4. Revenues and other operating costs are expected to be constant over the project's 10-year ex...
$13,190.45
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Which of the following statements is true about the Phillips curve? a) The relationship between inflation and unemployment is stable in the short-run but not in the long-run. b) The short-run Phillips curve is horizontal. c) A recessionary gap leads to a lower unemployment rate and higher inflation. d) Expansionary...
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Use a substitution to reduce the following integral to standard form. $$\int_0^1\frac{6x+2}{\sqrt{x+1}}dx$$
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A random sample of n = 100 observations is selected from a normal population with a mean of 106 and a standard deviation of 12. Find the probability that the sample mean deviates from the population mean by no more than 4.
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Find the volume of the solid formed when the graph of the region bounded by $y=9-x$ and the x-axis is revolved about the x-axis.
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Thomson, Inc. provided the following information: Total revenue $70,000 Cost of goods sold (60% of total revenue) $42,000 Selling and administrative expenses (40% of total revenue) $28,000 Compute operating profit (loss) under variable costing. A. $8,000 B. $14,000 C. $(3,000) D. $(18,000)
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Suppose a 5-year, $1,000 bond with annual coupons has a price of $960 and a yield to maturity of 6%. What is the bond's coupon rate?
5.05%
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Scott Enterprises just paid an annual dividend of $1.40 a share. The stock is selling for $38.20 a share and has a growth rate of 2.4 percent. What is the dividend yield, using the constant dividend growth model? a. 5.75 percent b. 5.50 percent c. 3.67 percent d. 3.43 percent e. 5.42 percent
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A firm can produce a product using labor and/or capital. Each unit of labor costs $4, and each unit of capital costs $2. Currently, the firm is using 30 units of labor and 10 units of capital, and its marginal rate of technical substitution (MRTS) is -0.2. To minimize costs, the firm should: a) use more labor and less...
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Find the missing dimension in the right rectangular prism. Dimensions are: Length: x + 6 Width: x Height: x Volume: 24x cubic units a. 2 b. 3 c. 4 d. 6
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I get a Taylor series by substituting $x$ by $x^2$ in the Taylor series of $f(x) = e^{-x} = \sum\limits_{n=0}^\infty \frac{(-1)^{n}x^{2n}}{n!}$ for the function $g(x) = e^{-x^2}$. But I also notice that the function $h(x) = \cos (x)$ has $h''(x) = -h(x)$ and I get the series $\sum\limits_{n=0}^\infty \frac{(-1)^n}{(2n)...
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Ortega Interiors provides design services to residential and commercial clients. The residential services produce a contribution margin of $610,000 and have traceable fixed operating costs of $580,000. Management is studying whether to drop the residential operation. If closed, the fixed operating costs will fall by $5...
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Riverdale Printing Company prints limited edition art books with production runs of 15,000 to 100,000. It has recently adopted an activity-based costing system to assign manufacturing overhead to products. The following data relate to one product, Art of Design, and the ABC cost pools: Art of Design: ...
521087.50
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Compute the indicated partial sum and then use Taylor's Theorem to estimate the error in using it as an approximation of the value of the convergent p-series: {eq}\displaystyle \sum_{k = 1}^{\infty}\frac{1}{k^3} , \ n = 5 {/eq}
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You are an investment manager who is currently managing assets worth $6 billion. You believe that active management of your fund could generate between an additional one tenth of one percent return on the portfolio. If you want to make sure your active strategy adds value, how much can you spend on security analysis? ...
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How competitors calculate inventory cost is least likely to affect comparisons between competitors if inventory makes up a: a) large percentage of assets and inventory costs are not stable. b) small percentage of assets and inventory costs are not stable. c) large percentage of assets and inventory costs are stable....
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A company is considering investing in new equipment that will cost $480,000 at time = 0. The after-tax cash flows are expected to be $120,000 per year for 10 years. What is the accounting payback period? Round your answer to two decimal places. Do not round intermediate calculations.
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For a stock price to be above its fundamental value, which of the following must be true? A) the risk of the stock must be lower than expected. B) the stock must be over-valued. C) the stock must be expected to have above average earnings growth. D) all of the above.
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Let $ f:\{z|\; |z| \lt 1\} \rightarrow \mathbb C $ be a non constant analytic function. Which of the following conditions can possibly be satisfied by $f$ ? A. $f(\frac{1}{n})=f(\frac{-1}{n})=\frac{1}{n^2}, \;\forall n \in \mathbb N$ B. $f(\frac{1}{n})=f(\frac{-1}{n})=\frac{1}{2n+1}, \;\forall n \in \mathbb N$ C. $|f(\...
A
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The _____ approach views risk as relating to the potential failure of a business to achieve its goals. A. resource-based B. strategic-position C. contingency D. uncertainty-management E. strategic-competitiveness
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Zismis Corp., which uses job-order costing, has provided the following data for January: Estimated direct labor hours 75,000 Estimated total manufacturing overhead $393,750 Actual total manufacturing overhead $384,400 Actual direct labor hours 77,000 Zismis computes overhead rates based on direct labor-hours. Its ...
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Complete the table assuming the use of direct labor hours as the cost driver. The total variable cost is $100,000. (Round the answer to 2 decimal places.) Product A Product B Total sales $100,000 $200,000 $300,000 Variable cost C...
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Find the maximum value of the function {eq}f(x,y) = 2x + y {/eq} on the set of points {eq}(x,y) {/eq} where {eq}x^2 + y^2 \leq 64 {/eq}.
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Maybelline Incorporated sells its product for $25 per unit. In 2020, fixed costs totaled $1,516,300, and variable costs were $14 per unit. Required: 1. What is the break-even point in units?
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Evaluate {eq}lim_{x \to 0} \frac{\sin^3 (3x - 3x^3) }{x^3} x^4{/eq}
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Suppose that the following table shows spot and forward exchange rates between the US Dollar and Euros at different future times. Spot 1-year forward 2-year forward US Dollar /euro 0.94 0.91 0.88 If the interest rate in the US is 4% per year, what is the inter...
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Which of the following is true of public companies? A) They provide low returns B) They are easy to exit C) They provide large investments D) They are heavily regulated E) D and E
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How long will it take to save $100,000 through monthly payments of $250, if you can earn an annual interest rate of 3% compounded monthly?
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