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Which of the following organizations fulfills the creating role of management? A) Jameson Inc. is a construction firm that specializes in residential constructions. B) The Fortitude School inculcates values that will benefit children in later life. C) JYG is a transportation and distribution firm that operates along...
A
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You are considering a project with cash inflows of $30,000 in year one and $45,000 in year two followed by a $15,000 outflow in year three. Your WACC is 12%. How do you calculate the MIRR for this project?
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For each $10,000 of market value of bonds, Face Value $10,000, term to maturity 25 years, issued at 5% market interest, with an effective interest of 4%. The bond will sell for: A. more than $10,000. B. $10,000. C. less than $10,000. D. $5,000.
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How many ways can you choose 3 points from 8 points on the x-axis and 6 points on the y-axis so that they form a triangle? I know that there are 14C3 ways to choose the points, but how do I adjust this for polar coordinates? Specifically, how do I account for the fact that in polar coordinates, the choices for r (the d...
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Assume that fixed costs equal $100,000, the price per unit is $18, and variable costs equal $16 per unit. What is the accounting break-even level of output?
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Roberts Corp., which began business at the start of the current year, had the following data: Planned and actual production: 40,000 units Sales: 37,000 units at $15 per unit Production costs: Variable: $4 per unit Fixed: $260,000 Selling and administrative costs: Variable: $1 per unit Fixed: $32,000 The compan...
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Let M be the closed surface that consists of the hemisphere {eq}M1: x^2+y^2+z^2=1\,,z \geq0, {/eq} and its base {eq}M2: x^2+y^2 \leq 1,\,z=0. {/eq} Let E be the electric field defined by E=(4x,4y,4z). Find the electric flux across M. Write the integral over the hemisphere using spherical coordinates, and use the ...
8pi
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Xun, Yue, and Zhuo have interests in XYZ Partnership. Partnership income for the year is $296,000. The partnership agreement specifies that Xun is to receive an annual salary of $200,000, Yue is to receive an annual salary of $50,000, and Zhuo is to receive an annual salary of $120,000. Any remaining income or loss is ...
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You estimate that a project will cost $19,700 and will provide cash inflows of $11,400 in year 1 and $14,600 in year 3. Based on the profitability index rule, should the project be accepted if the discount rate is 16 percent? Why or why not? A. Yes; The PI is 1.20 B. Yes; The PI is 1.16 C. No; The PI is 0.97 D. Yes...
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Evaluate the following using cylindrical coordinates. {eq}\int \int \int_E 4(x + y) \, dV {/eq}, where E is enclosed by the planes z = 0 and z = x + y + 24 and by the cylinders {eq}x^2 + y^2 = 4 {/eq} and {eq}x^2 + y^2 = 64 {/eq}.
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What is the rate of return for a stock with a beta of 1.46 if the market returns are expected to decline by 2% next year, given the risk-free rate is 4.5% and the expected market return is 12%?
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Stock A has a beta of 1.5 and Stock B has a beta of 1.1. Which of the following statements must be true assuming CAPM is correct? The: a. expected return for Stock A must be higher than the expected return for Stock B. b. expected return for Stock B must be higher than the expected return for Stock A. c. stock has a...
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For {eq}Z\sim N(0,1), determine q such that {eq}Pr[Z\leq q]=0.43.
-0.18
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A company's income statement showed the following data: Sales revenue $220,000 Variable costs $150,000 Fixed costs$60,000 The company's fixed costs totaled {eq}\$30,000 {/eq} during the period. The best interpretation of the statement is: a. The company is not operating at break-even point. b. The company should ...
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Use the following information for the question(s) below. You own a stock portfolio invested 35 percent in Stock Q, 30 percent in Stock R, 20 percent in Stock S, and 15 percent in Stock T. Your portfolio beta is 1.17. The betas for these four stocks are: B(Q) = 0.89 B(R) = 1.15 B(S) = 1.23 B(T) = 1.48 What is the...
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A company is considering purchasing a new machine that will produce inventory. Currently, the company is producing the inventory itself at a cost of $2.50 per unit. The machine would cost $1,000,000 and is expected to have a 5 year useful life. The machine is expected to last 5 years and will have no salvage value. The...
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I'm given the following surfaces: $x^2+y^2=1, z=x$. I have to find the vector $v$ normal to both the surfaces and the value of $v\cdot(0,0,1)$. I found $v=(2x,2y,1)$, is this correct? If so, how can I find $v\cdot(0,0,1)$?
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There are two instruments available to offset an inflationary gap: 1) the money supply and 2) government purchases. Which instrument will have a more significant impact on output in the short run? a. changes in government purchases b. changes in the money supply c. both have the same impact d. neither, both are ine...
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Kim and Cheryl retire this year and currently have $500,000 in savings. They plan to receive an annual payment at the beginning of each year for the next 20 years. If their savings earn 10.75%, what payment should they count on? a. $51,209 b. $49,769 c. $53,204 d. $55,769
D
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The probability that a one-year old male adult has not had cavities is 0.8. If five one-year old males are selected randomly, what is the probability that less than 2 had cavities?
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Which one of the following statements is false? A. Hester Bank has a current ratio of 1.25 times. This means that for every $1 of debt the firm has $1.25 of current assets to cover it. B. Ratio analysis enables comparison of a company with other companies in the same industry. C. Two companies may have identical bal...
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June Corp is selling an item with a four-year relevant life cycle. June has capacity for 300,000 units. June is considering three pricing strategies: Strategy 1: Quantity based pricing with a discount policy that provides a 5% discount for all purchases above 50,000 units. Strategy 2: Non-quantity based pricing with ...
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You recently hired individuals from China, Japan, and Korea to your office. What type of interpersonal conflict would be most likely? a) Personal differences b) Informational deficiency c) Role incompatibility d) Environmental stress e) There would be no conflict, as all the new hires are Asian
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Factory Overhead $8,700 Factory Overhead Control 8,700 Calculate this transaction using job order costing.
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What is the pH at the equivalence point when 75.00 mL of a 0.225 M solution of acetic acid is titrated with 0.10 M NaOH to its end point?
8.79
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Seamus, Inc. had $1,000,000 in taxable income from its operations last year. In addition, Seamus received $500,000 in interest from corporate bonds it held during the year and $100,000 in dividends from its 5% ownership in Cumulus Corporation, an accrual-method corporation during the year. What is Seamus' federal inco...
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A source of long-term financing that has the lowest cost to a firm is: A) long-term debt B) common stock C) subordinated debt D) convertible debt
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Las Vegas Billiards bought a new just-in-time inventory system for $50,000. The company must maintain a $20,000 investment in net working capital for the system. The computer is being depreciated over 5 years using MACRS. Invoice dated April 28, payable in 30 days, for $10,000 of miscellaneous supplies was received on ...
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Find the probability that the mean number of daily emergency ambulance cases, assuming the number of daily cases is a normally distributed random variable with a mean of 2.3 and a standard deviation of 0.7, over a period of 3 days will be between 2 and 3, given a random sample of 3 days.
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Which of the following is not one of the most commonly used compounding periods? a. annual b. semi-annual c. quarterly d. daily e. hourly
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Y3K, Inc., has sales of $6,319, total assets of $2,935, and a debt-equity ratio of 1.30. If its return on equity is 14 percent, what is its net income?
$178.65
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The government imposes a $20 excise tax on the production of good X. The tax will be paid by the sellers, and it will reduce the supply of good X. The price paid by the buyers will _____. A. fall, and the price received by the sellers will _____. B. remain the same; fall by $10. C. remain the same; rise by $20. D...
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You produce and sell a product according to q = 30p + 5p2. Your marginal revenue is: a. MR = 30 + 5p b. MR = 30 + 10p c. MR = 30 - 5p d. MR = 30 - 10p e. MR = 5p
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Consider the network represented below with the indicated flow capacities along each branch. Find the maximum possible flow from source node 1 to destination node 8. Flow may be distributed through any combination of paths. 1. Show the total possible flow on the network after solving using both the Ford-Fulkerson and ...
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Scores for a common standardized college aptitude test are normally distributed with a mean of 500 and a standard deviation of 100. What is the probability that a student scores below 300 on the test?
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Assume that a hydrogen atom can be described by a one-dimensional box of length 100 pm and mass 1.0 amu. Calculate the wavelength of light (in nm) that is emitted when an electron undergoes a transition from the n = 5 state to the n = 3 state.
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The T-account showing the manufacturing overhead activity for Edith, Corp. for 2011 is as follows: Manufacturing overhead 199,000 215,000 What is the predetermined manufacturing overhead rate as a percentage of direct labor cost, if actual direct labor costs were $170,000?
126.47%
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The _____ for a stock would be the strike price minus the value of the stock. a. net payoff b. intrinsic value c. time value d. difference in value
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Cersei is given the opportunity to torture either of two individuals. Alveron has the right to remain silent. If he chooses to remain silent, he will receive no additional punishment in exchange for his statement, and his partner, Borge, will receive 10 years in prison. If Alveron and Borge both testify against each ot...
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Pharoah Corporation paid for a new plant by signing a 10-year note payable. This transaction has what effect on working capital? a. Working capital increases. b. Working capital decreases. c. Working capital does not change. d. The effect cannot be determined.
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A mutually exclusive revenue alternative has a first cost of \$1,000,000 and cash flow benefits of $350,000 in year one, $350,000 in year two, and $600,000 in year three. The MARR is 15%. Use the ERR method to determine if this alternative is economically attractive. A. The ERR is 22%, so this mutually exclusive reven...
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The stock of United Industries has a beta, b, equal to 1.1 and its required return is 11%. The market's required return is 10%. According to CAPM, determine the risk-free rate of return.
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A review of the bank statement and accounting records of Baker Company revealed the following items: Item No. Description 1 A NSF chock written by one of Baker's customers. 2 A credit memo reflecting interest revenue earned by Baker. 3 A debit memo showin...
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Find the work done in moving a particle on the parabola y=x^2 from (0,0) to (2,4) if the force field is F = 2xi +yj.
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Assume that during the year just ended, 3,600,000 shares of the common stock of a company were sold at $58.00 per share. The expected earnings for the year are $33,000,000. The company has 6,500,000 shares of common stock outstanding. If the P/E ratio for this company is 24, what is the expected price change for the st...
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An investor has two investments to choose from: Investment A, which has a guaranteed return of 2.8%, and Investment B, which has a 10% chance of returning 8% and a 90% chance of returning 1%. How much should the investor be willing to pay for Investment B, which he can replace with Investment A if it has a better retur...
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What is the critical t value for a two-tailed test (90% confidence, N=38), and what is the upper confidence interval given that X = 79, M = 76, and s = 8?
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Let {eq}Z_1,\ Z_2,\ V_1,\ V_2 {/eq} be independent random variables each uniformly distributed on {eq}(0,1) {/eq}. Compute the conditional probability mass function of {eq}(Z_1,\ Z_2) {/eq} given {eq}V_1 + V_2 = 1 {/eq}.
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What is one share of this stock worth to you if you require a 14.31 percent rate of return, given that Healthy Foods just paid its annual dividend of $1.45 a share and all future dividends will be increased by 2.8 percent annually?
12.95
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The study of consumer behavior is important for all the following areas except: a. product development b. pricing decisions c. distribution decisions d. promotion
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Last National Bank has 2 drive-in lanes. During the weekday noon hour, an average of 30 customers per hour arrive (Poisson distribution), and they are given FCFS service, requiring an average of 2.5 minutes service times. The bank wants customers to wait no more than 6 minutes on average. How many drive-in tellers are ...
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The standard cost and the actual cost of direct materials, direct labor, and factory overhead for the manufacture of 25,000 units of product are as follows: Standard costs per unit Actual costs Direct materials 4 lbs. @ $2.00 per lb. 100,000 lbs. @ $2.20 per lb. ...
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The systematic examination and interpretation of a data set to identify patterns, biases, themes, and/or meanings is called: a. coding b. content analysis c. analytic induction d. all of the above
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The following are potential outcomes attained by Specialization and Trade (S&T) based on Comparative Advantage, except: A) An economy that is Labor Abundant will tend to have C.A. in the type of production that is Labor Intensive. B) S&T based on Comparative Advantage will lead to efficiency in production. C) Large ...
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If a firm facing a perfectly elastic demand curve raises its price, then: a. its sales will fall to zero. b. it will still sell exactly the same amount of output as it did at the lower price. c. it will lose some, but not all, of its sales. d. its sales will increase. e. it will improve its market share.
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As of May 2012, the mean time spent per visit to Facebook was 20.8 minutes. If the standard deviation of the time spent on Facebook was 6.5 minutes, fill in the following boxes to show what range of times would include 68%, 95%, and almost all of the visit times. Be sure to show your work. Approximately 68% of the v...
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Given the following 2014 financial data for Cozmo Inc., find the Cash Flow to Creditors: Interest paid = $2,700; Net new borrowing = $22,400. a. $25,100 b. $0 c. $22,400 d. $2,700
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One company acquires all of the stock of another company. According to US GAAP, what is the basis to be used for recording the assets and liabilities of the new subsidiary within consolidated financial statements? A) The fair value of the consideration given up by the acquiring company. B) The fair value of the shar...
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For any positive integer $n$, let $\lfloor n!\rfloor$ denote the floor function of $n!$, i.e., $\lfloor n!\rfloor = n!-\{n!\}$, where $\{n!\}$ denote the fractional part of $n!$. Let $a_n=\lfloor n!\rfloor+1-2\{n!\}$. Find the maximum and minimum value of $a_n$.
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Monetary policy has a _____ effect on aggregate demand in a(n) _____ economy, and fiscal policy has a _____ effect on aggregate demand in a(n) _____ economy. a. weaker; open; weaker; open b. weaker; closed; weaker; closed c. stronger; closed; weaker; open d. stronger; open; weaker; open
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Which of the following would not be part of primary bank capital? A. Bank premises B. Common stock of the bank C. Loan loss reserves D. Perpetual preferred stock
A
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John's Specialty Store uses a periodic inventory system and the average cost retail method to estimate ending inventory and cost of goods sold. The following data is available from the company records, for the month of June 2010: - Cost of Goods Available for sale $35,000 - Net Sales $40,000 - Goods returned $500 - Be...
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Suppose you wish to evaluate {eq}\int_C F *dr{/eq} along the curve C: r(t)= <2t, t^2, 3t^3> from t= 0 to t= 2. The vector field F is given by F= <xy, 0.5yz, xz>. Then the integral is equivalent to (put answers in terms of x, y, z): A. 2xz| from 0 to 2 B. 2xz| from 0 to 4 C. 12yz| from 0 to 2 D. 6yz| from 0 to 2 E....
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The U.S. economy is now operating at or near full employment. When Congress and the president adjust the money supply in an effort to reduce inflation, they are most likely to _____. A. reduce it, and in the long run, they will be successful in bringing down inflation. B. increase it, and in the short run, this will ...
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An investor in IBM stock receives a total return of 8.5% on his IBM shares in 2018. At the same time the CPI increases by 4.9%. What is his real return in terms of the purchasing power of his investment in 2018? a. 8.5% b. 3.6% c. 4.4% d. 13.4%
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Prove that there exists a unique $x \in [0, 1]$ such that $\int_0^x f(t)\,dt = \int_x^1 f(t)\,dt$.
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Rose growing is a perfectly competitive industry and all rose growers have the same cost curves. The market price of roses is $5 a bunch and each grower maximizes profit by producing 1500 bunches a week. The average total cost of producing roses is $18 a bunch. Minimum average variable cost is $3 a bunch and the minimu...
E
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Which of the following is true of the step-down method of allocating service costs? a. Service costs are allocated to other service departments first. b. The last department to be allocated service cost is the one that provides service to the greatest number of other departments. c. It does not distinguish between i...
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A company has a benchmark PE of 18.7. Earnings are expected to grow by 3.2% annually. If earnings were $4.18 this year, what is the current price of the stock?
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A new product is being considered by the fixed cost savings and interest revenue. If the firm uses the IRB method, what is the maximum cost that it would be willing to pay to produce this product? After Tax Cash Inflows Year 1 55,000 Year 2 60,000 Year 3 ...
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The _____ of capital structure theory argues that the value of a firm is determined by the mix of debt and equity used by the firm. a. weight b. leverage c. financing d. capital
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How do you find the limit of (x^3-x-30)/(x^2+x-20) as x->-5?
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Global markets may generally be categorized as one of the following market types, except a) fast-paced market b) relationship-based markets c) established markets d) developing market
A
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The cash flow statement shows that cash received from customers exceeds cash paid to suppliers. This situation would most likely result in: a. a negative cash flow from operations b. a positive cash flow from operations c. both positive and negative cash flows from operations depending on the magnitude of each amoun...
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Suppose that X, Y, and Z are independent and each has a normal distribution with mean 0 and variance {eq}\sigma ^{2} {/eq}. What is the probability that |X - Y| < |X - Z|?
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Calculate {eq}\int_C \vec F \cdot \vec {ds} where {eq}\vec F = \left \langle e^{-x} + 3y, x \right \rangle and C is the oriented boundary of the region between the circles {eq}x^2 + y^2 = 16 \ and \ x^2 - 2x + y^2 = 3. Give your answer in exact form.
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Last year, a firm had $3 million in net income and decided to reinvest $1.5 million back into the company. This year, it has $6 million in net income and has decided to reinvest $3 million back into the company. Based on this information, what is the firm's sustainable growth rate? a. 50% b. 67% c. 75% d. 100% e....
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Firms are producing a quantity of output at which total cost is $100,000, explicit costs are $70,000, and implicit costs are $15,000. The accounting profit is: A. $15,000 B. $25,000 C. $35,000 D. $50,000
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The stockholders' equity section on the December 31, 2012 balance sheet of Chemfast Corporation is reported below. Determine the number of shares of preferred stock outstanding. Assume that no shares of treasury stock have been sold in the past. Contributed Capital Preferred Stock (par $20; authorized 10,000 share...
3400
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What is the pH of a solution that is 0.10 M in propenoic acid and 0.10 M in sodium propenoate? For propenoic acid, \( K_a = 5.52 \times 10^{-5} \).
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Tiffani-Heather is studying for the actuarial exams, and the probability that she will pass a given exam is 0.8. Suppose she takes 100 actuarial exams. What is the probability that she will pass at least 68?
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How is a consumer in equilibrium under the condition of utility maximization, given that for good x, MUx = 2 and the price of good x (Px) = $4, and for good y, MUy = 1 and the price of good y (Py) = $1?
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Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It started, completed, and sold only two Jobs during March-Job P and Job Q. The following additional information is available for the company as a whole and for Jobs P and Q (all direct materials are added at the beginning o...
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Which model is correct, an A model or a B model? a) Neither model is correct b) Both models are correct c) A model is correct d) B model is correct
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To construct a confidence interval for the mean, you will need: a. a point estimate. b. the expected value from the underlying distribution. c. the degrees of freedom. d. a p-value.
a
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A monopolist is more likely to avoid a socially optimal outcome than a perfectly competitive firm because: a. the monopolist makes a smaller profit, b. the monopolist produces a greater quantity of output, c. the monopolist produces where average cost is minimized, d. the monopolist charges a price equal to margina...
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Dole Industries had the following inventory transactions occur during 2012: Units Cost/Unit Feb.1, 2012 Purchase 54 $90 Mar. 14, 2012 Purchase 93 $94 May 1, 2012 Purchase 66 $98 The company sold 153 units at $126 each and has a tax rate of 30%. Assuming that a periodic inventory system is used, and operating expense...
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Suppose that Bank of America receives a deposit of $2500 and the legal reserve requirement is 25%. Assume that Bank of America meets its reserve requirement and makes the maximum loan it can. Use T-accounts to show the changes in deposits that will occur when this loan is spent and is deposited into the bank. How much ...
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ABC's last dividend was $4.00. Its dividend growth rate is expected to be constant at 20% for 3 years, after which, dividends are expected to grow at a rate of 6% forever. The firm's required return is 12%. What is its current stock price (hint: find the PV of dividends, for the first 3 years plus the PV of a perpetuit...
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The marketing manager at T-Mobile needs to decide whether the company should increase its output. The marginal cost of producing the last unit is $2.4, and the marginal revenue of producing that unit is $2.6. Based on this information: A. T-Mobile should decrease its output. B. T-Mobile should not produce the last un...
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All else constant, a bond will sell at _____ when the coupon rate is _____ the yield to maturity. a. a premium; less than b. a premium; equal to c. a discount; less than d. a discount; higher than e. par; less than
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Let $F(z)$ be analytic in $D=\{z:|z|<2\}$ and suppose that $|F(z)|\leq 1$ when $z=2e^{i\theta}$ $(0\leq\theta\leq2\pi)$. If $F(\frac{1}{2}i)=0$ and $F(1)=1$, find $F(-1)$.
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In 2010, Incorporated transferred a machine with a book value of $700,000 to its subsidiary, Plum, Inc., for $800,000. Plum sold the machine for $750,000 in 2011 and for $525,000 in 2012. The income tax rate is 30%. What amount of unrealized intercompany profit on the intercompany transfer should be deferred in 2011? ...
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The area bounded by the curves y=4-x^2 and y=x+2 is revolved about the x-axis. Determine the volume of solid revolution. a) 21.44 b) 36.37 c) 27.57 d) 53.20
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Alpha, Inc. issued 3,000 shares of $100 par value preferred stock for $360,000. The journal entry to record this transaction is a. Cash 360,000 Preffered Stock 360,000 b. Cash 360,000 Preffered Stock 300,000 Paid-in Capital in Excess of Par 160,000 c. Cash 360,000 Preffered Stock 300,000 Paid-in Capital in ...
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Suppose that X1, ... , Xn form a random sample from a distribution that has a Poisson distribution with unknown parameter {eq}\lambda{/eq}. Show that {eq}\bar X{/eq} is a consistent estimator of {eq}\lambda{/eq}.
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Find the moment of inertia about the x-axis of a thin plate of constant density {eq}\delta = 10 {/eq} bounded by the coordinate axes and the line x + y= 3.
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Evaluate the limit $$\lim_{n\to \infty}(\frac{(2+\frac{1}{n})^{n^2}}{e^{2n}}),$$ if possible.
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The EU and the United States have a(n) _____ type of free trade agreement that allows for lower tariffs between the two countries but makes no specific reference to restricting foreign investments. A) dynamic B) ad hoc C) comprehensive D) narrow
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The blue bus line has a fleet of 40 vehicles (buses) and the green one has a fleet of 35 vehicles (buses). Every day, each of the blue buses makes 5 round-trips (to-and-fro) and each of the green buses makes 4 round-trips. On a certain day, the total number of round-trips made by the green fleet was 4.5 times the total...
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