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Starr Company began operations at the beginning of 2014. The following information pertains to the company for the year: Net income was $115,000. Depreciation expense was $22,000. Accounts receivable increased by $15,000. Total manufacturing costs were $600,000, and the company incurred a $25,000 gross profit on sa...
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What is the future worth of an equal payment series of $12,000 per year for 10 years at 10% compounded continuously? a. $172,454 b. $182,612 c. $184,642 d. $206,559
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Seether Corporation is investigating an investment in equipment that would have a useful life of 12 years. The company uses a discount rate of 15% in its capital budgeting. Good estimates are available for the initial investment and the annual cash operating outflows, but not for the annual cash inflows and the salvage...
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Cineplex Corporation recently segmented its revenues into three regions: East, Midwest, and West. Information for the last year is as follows: Eastern RegionMidwestern RegionWestern Region Sales revenue$450,000$800,000$500,000 Variable expenses405,000480,000350,000 Traceable fixed expenses30,00040,00025,000 Allocat...
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When the AD curve is relatively flat? A.) only monetary policy can be used to increase output. B.) Only fiscal policy can be used to increase output. C.) Both fiscal policy and monetary policy can be used to increase output. D.) Neither fiscal policy nor monetary policy can be used to increase output.
C
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In classical conditioning, the _____ is the stimulus that naturally and automatically brings about the response. a. conditioned response b. conditioned stimulus c. unconditioned response d. unconditioned stimulus
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All of the following are considered effective cash management principles except A) Encouraging collection of receivables by offering discounts for early payments. B) Keeping only necessary levels of assets. C) Planning expenditures. D) Retaining excess cash for unexpected expenditures. E) Delaying payment of liabi...
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Let $a_n(x) = \frac{x^n}{n}$ for $n\ge 1$. Find $$\lim_\limits{n \rightarrow \infty}\int_\limits{0}^{1}a_n(x)dx.$$ My attempt: $$\lim_\limits{n \rightarrow \infty}\int_\limits{0}^{1}\frac{x^n}{n}dx = \lim_\limits{n \rightarrow \infty}\frac{1}{n}\int_\limits{0}^{1}x^n dx = \lim_\limits{n \rightarrow \infty}\frac{1}{n}\f...
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For a population with u = 60, which of the following values for the population standard deviation would cause X = 68 to have the most extreme position in the distribution? (A) 4 (B) 3 (C) 2 (D) 1
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Which of the following internal records is most likely to serve as a psychological projection technique that may reveal the products/services sought by users/consumers? a. Warranty files b. Sales files c. Complaint files d. Sales call reports
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Who has given the concept of "wage fund theory"? a) J.S. Mill b) Marshall c) Ricardion d) Jevons
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Which of the following is true for a company that has fixed costs of $20,000, variable cost ratio of 30% and a break-even point of $100,000? a. Operating profit at $150,000 of sales revenue is $10,000 b. Variable costs are $60,000 when operating profit is zero c. Operating profit at $200,000 of sales revenue is $20,...
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$$ \text{Find : }\sum_{i=0}^{m}(-1)^{i}{n+i \choose i}2^{n-m+i}$$
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When the financial statements of a company are being audited, the balance sheet is the last statement prepared. Select one: a. True b. False
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As _____, the relative difference in the authority possessed by managers at each level in the organizational hierarchy decreases. A) the number of shareholders of an organization decreases, B) the number of levels in the hierarchy increases, C) the total number of employees in the organization decreases, D) the deg...
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Consider an asset that costs $645,000 and is depreciated straight-line to zero over its 9-year tax life. The asset is to be used in a 4-year project; at the end of the project, the asset can be sold for $80,500. If the relevant tax rate is 30%, what is the after-tax cash flow from the sale of this asset? (Do not round...
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Use double integration to find the area of the plane region enclosed by the curves y = 39 \sin x and y = 39 \cos x, for 0 \leq x \leq \frac{\pi}{4}.
39(\sqrt{2}-1)
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Service Corporation has two service departments whose direct department costs are $70,000 and $10,000, respectively, and two producing departments whose direct department costs are $60,000 and $250,000, respectively. If the step-down method is used and the service department expenses are allocated starting with the dir...
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With an increase in pressure, the number of moles of product in the reaction mixture would be reduced for which of the following reactions? a. 2SO3(g) {eq}\to {/eq} 2SO2(g) + O2(g) b. I2(s) + H2(g) {eq}\to {/eq} 2HI(g) c. 2NO(g) {eq}\to {/eq} N2(g) + O2(g) d. 3Fe(s) + 4H2O(g) {eq}\to {/eq} Fe3O4(s) + 4H2(g) e...
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The current ratio and quick ratio are two commonly used accounting liquidity measures. Which one is a better measure of short-term liquidity? a. the current ratio, because it considers all current assets b. the quick ratio, because it considers all current assets c. the current ratio, because it ignores inventory d...
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Given the following data: - EBIT = $40,000 - T = 40% - Interest expense = $10,000 - Capital expenditures = $15,000 - Change in net working capital = $5,000 - Free Cash Flow = $17,000 Find earnings before taxes.
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An audit of internal control over financial reporting assesses internal control: a. as of the last day of the auditors' fieldwork. b. as of the last day of the fiscal year. c. for the entire fiscal period. d. for the entire period plus the period of the auditors' fieldwork. - Explain your choice.
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A bottle maker believes that 17% of his bottles are defective. If the bottle maker is correct, what is the probability that the proportion of defective bottles in a sample of 683 bottles would be less than 13%?
0.0027
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What learning rate is being demonstrated if the first unit takes 25 hours and the third unit takes 24 hours to complete? A) Greater than or equal to 97 percent B) Less than 97 percent but greater than or equal to 95 percent C) Less than 95 percent but greater than or equal to 93 percent D) Less than 93 percent
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Which of the following statements is correct? a. One defect of the IRR method versus the NPV is that the IRR does not take account of cash flows over a project's full life. b. One defect of the IRR method versus the NPV is that the IRR does not take proper account of differences in the sizes of projects. c. One defe...
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If the Fed makes open market _____ of government securities, the money supply curve shifts _____ and the interest rate _____. A) purchases; up; rises B) sales; down; falls C) sales; up; rises D) purchases; down; falls
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Evaluate the double integral {eq}\displaystyle \int \int_R (y+xy^{-2}) dA where {eq}R is the rectangle given by {eq}\displaystyle -1 \leq x \leq 1,\ 1 \leq y \leq 2.
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Use polar coordinates to find {eq}\int \int_D \frac{y^2}{x^2+y^2} dA where D is the region {eq}x^2 + y^2\leq 9
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C={z| |z-1|=2} Integral c 1/(z^4+1) dz How can i do this?
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Individuals who naturally exhibit low levels of brain arousal and nervous system reactivity are more likely to: a) Score high in measures of agreeableness. b) Score low in measures of agreeableness. c) Score low in measures of sensation seeking. d) Score high in measures of sensation seeking.
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Consider the sequence of matrices $I, A, A^2, A^3, ... $ for $A =\left( \begin{array}{cc} 1 & 1/2 \\ 0 & 1/2 \end{array} \right)$. What is the limit of $A^k$ as $k \to \infty$?
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Company has fixed costs of $485,000. Its product sells for $114.75 per unit. The unit contribution margin should be $99.75. Given this information, how many units must be produced and sold for the company to break even? a. 4,000 units b. 5,000 units c. 3,854 units d. 5,100 units
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During 2015, Martinez Company's account balances were as follows: Sales Revenue $385,000; Purchases of inventory $150,000; Depreciation Expense $40,000; Depreciation of equipment on the factory $5,000; Wages Expense $55,000; and Accounts Payable $5,500. Assume that the direct method is used. What amount should be rep...
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The time necessary to put a desired policy into effect once economists and policymakers acknowledge that the economy is in an expansion or a recession is called a(n): a. administrative lag b. recognition lag c. implementation lag
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$$\sum_{k=1}^n\frac{(-1)^{k+1} 2^{2k}}{k}\binom{n}{k}\binom{2k}{k}^{-1}= 2 H_{2n} - H_n$$. How can I prove this identity using generating functions or other methods? I have tried using the series expansion $\sum_{n\ge 1} \frac{2^{2n-1} }{n \binom{2n}{n}} x^{2n-1} = \frac{\arcsin x}{\sqrt{1-x^2}}$ and the binomial trans...
2H_{2n}-H_n
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Jenkins Products uses a standard cost system in which the variable manufacturing overhead rate is $3.00 per machine hour (MH). The standard for a single unit of product is 1.5 MH. The company allocates variable manufacturing overhead to production based on standard machine hours. During the month, the company recorded ...
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Sale & Lease-Back: As the tax accountant for Pine Country Land Company, you have been asked by your broker to prepare a lease analysis of two alternative leases. The initial cost of the assets is $30,000. The assets are classified as five-year property for MACRS. The company is in the 34% tax bracket and uses the DTL m...
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It is known that 20% of all adult women wear glasses. Of 7 adult women selected at random, what is the probability that at least 4 wear glasses?
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Find the directional derivative of f(x,y)=y^3-x^2 at the point (1,3) in the direction given by the angle θ=5π/6.
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What is the probability that an electrician earns less than $40,000, given that electricians' earnings in North Carolina are normally distributed with a mean of $51,400 and a standard deviation of $1,200?
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Jackson Company is a multi-product firm Presented below is information concerning one of its products: DateTransactionQuantityPrice/Cost 1/1Beginning Inventory2,400$16 2/4Purchase3,400$24 2/20Sale3,90041 4/2Purchase4,40031 11/4Sale3,60045 Compute COGS assuming Jackson uses a periodic system - LIFO cost flow: a. $17...
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Which of the following statements is true regarding Direct Material and Direct Labor variances? A. The price variance for direct material measures the effect on cost of purchasing materials at a price higher than the standard price and the rate variance for direct labor measures the effect on cost of a wage rate highe...
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Estimate the error when using the sum of the first 10 terms to approximate the sum of the series {eq}\displaystyle\sum_{n = 1}^{\infty} \frac{\sin^2 (18n)}{n^2} {/eq} by using the Remainder Estimate for the Integral Test on the comparable p-series.
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Use Newton's method to find the solution to the equation {eq}x^5 + x = 1{/eq} that is near -0.9. Use two iterations, starting with {eq}x_0 = -1.0{/eq}.
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Assume the following information for the month of August. June sales=$30,000; July sales= $70,000; August sales= $60,000. All sales are on account and are collected as follows: 20% in the current month, 60% in the month following, 19% in the second month following, and 1% uncollectible. The beginning cash balance is $...
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Suppose the marginal product of labor is 10 and the marginal product of capital is 8. If the wage rate is $5 and the price of capital is $2 then in order to minimize costs the firm should use: a. more capital and less labor b. more labor and less capital c. equal amounts of labor and capital d. none of the statemen...
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Find the limit: {eq}\lim_{(x,y) \rightarrow (0,0)} \frac{x(y^2) \cos(y)}{x^2 + y^4} {/eq}
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What type of stock pays a fixed dividend? A. Common stock B. Preferred stock C. Growth stock D. Income stock
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Show that {eq}\bigtriangledown \times \bigtriangledown U(x,y,z) = 0{/eq}
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In order to combine the Hebrew tradition of hearing the word of God with the Greek belief in a living, rational universe, Philo used _____. a. Plato's Forms b. the teachings of Aristotle c. ideas from Christian philosophers d. the Neo-Platonists concept of dualism
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Why are sales returns and allowances deducted from gross sales to arrive at net sales? a. Sales returns and allowances represent net realizable value of merchandise. b. Sales returns and allowances reduce profits earned by the company. c. Sales returns and allowances are deducted from gross sales to indicate the amo...
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Lucinda's Designs, a corporation that manufactures designer clothes, issued 25,000 shares of $10 par common stock for $225,000. The journal entry to record the transaction would be: A. Cash 225,000, Common Stock 250,000, and Paid-In Capital in Excess of Par Value - Common Stock 25,000 (credit). B. Cash 225,000 and Co...
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Cost of service pricing requires a natural monopolist to: a. set a price equal to average cost b. set a price that allows a specified return to labor and capital c. set a price that allows a competitive return on investment d. set a price equal to marginal cost e. set a price equal to marginal revenue
a
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The _____ of the _____ curve shows the effect on output of holding the price level constant while changing factor prices. a. slope; demand b. slope; supply c. intercept; demand d. intercept; supply
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Which of the following statements is true? (a) If firm L has a greater equity multiplier than firm S, and both firms have the same total asset turnover, and the same profit margin, then firm S must have a higher return on equity than firm L. (b) If firm L has a greater equity multiplier than firm S, and both firms ha...
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Calculate {eq}\int_{c} \vec{F}. \vec{ds} where \vec{F}= \left \langle e^{-x}+3y, x \right \rangle C is the oriented boundary of the region between the circles {eq}x^{2} + y^{2} = 16 \ and \ x^{2} - 2x + y^{2} = 3
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Suppose a university decides to randomly select 500 individuals from each category for a survey on job satisfaction. This sampling plan is called: a. simple random sampling b. stratified sampling c. cluster sampling d. systematic sampling e. convenience sampling
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It is socially optimal to produce the quantity of an activity that makes marginal benefit equal to marginal cost because: a. at this point, the marginal cost curve reaches its minimum value. b. the marginal benefit from an activity is always equal to the marginal benefit received by the last person to consume it. c....
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Suppose a monopolist faces the following demand curve: Price Quanity $60 0 $55 1 $50 2 $45 3 $40 4 $35 5 $30 6 $25 7 What is the marginal revenue of the 4th unit of output? a) $5 b) $15 c) $25 d) $35 e) None of the above
C
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Which one of the following affects the amount of interest a firm must pay? a. Ease of payment b. Creditors' equity c. Collateral ratio d. Current assets e. Debt-equity ratio
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Find the median of the random variable with the probability density function {eq}f(x) = 45x^2, {/eq} over the interval {eq}[1, 2].{/eq}
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You own 20,000 shares of the New Corporation, which currently trades for $1.42 per share and pays an annual dividend of $0.07 per share. Net income for the year is $150,000, and net cash flow is $225,000. The firm has a total of 100,000 shares of common stock outstanding. What is the P/E ratio? a. 9.24 b. 10.00 c. 1...
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For a monopolist, as demand changes, this will lead to changes in: a. Price with no change in output, b. Both price and quantity, c. Output with no change in price, d. Any of the choices can be true.
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Given a sequence $(x_n)$ defined by $x_1=0$, $x_2=1$ and $x_{n+2}=\frac{1}{(n+1)^2}\left((n+1)^2+x_{n+1}-nx_n\right)$, prove that $\lim_{n\to\infty}n\cdot x_n=1$.
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Find the surface area of a cylinder lying inside a sphere, given that the surface area is 64. Explain the procedure of solving using a double integral.
64
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A person borrows $150,000 for 8 years at 6% compounded annually. He makes an annual payment of $25,000. The balance after 8 years is approximately: a. $0 b. $50,000 c. $55,516 d. $56,932 e. $167,883
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It is desired to estimate the mean time a game administrator spends per week with a game. A small pilot study showed that the mean was 15 hours and the estimated standard deviation was 2.5. Find how large a sample should be taken to estimate the mean to within one-half hour with a confidence of 99%.
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What is the limit of $\lim\limits_{(x,y)\rightarrow(0,0)}\frac{x^2y^2}{x^2+y^6}$, and how can it be evaluated rigorously, possibly using the epsilon-delta definition?
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According to Maxneuk's theory, the higher a country's ability to direct resources toward consumer spending, the _____ its GNP will be, given a constant world market demand for its output. A. more elastic B. less elastic C. less elastic if world demand is perfectly elastic D. more elastic if world demand is perfectl...
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If firms produce more than the economy can sell at existing prices, then: a. the price level will fall. b. only the demand curve will shift to the left. c. only the supply curve will shift to the right. d. none of the above
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X Company has the following estimated costs for 2020: Direct materials$58,100 Direct labor22,400 Factory supplies20,500 Factory supervision29,700 Marketing research47,000 Factory rent40,300 Sales salaries40,000 Factory insurance64,300 X Company estimates that direct labor hours for the year will be 1,400, and machine...
$2.58
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Sue's Stuff Stores has 12 operating departments this year. Management wishes to evaluate each department's performance based on its return on investment (ROI). Which financial statement or schedule would be used to determine the controllable margin for each department? A) Income Statement B) Cost of Goods Manufacture...
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Which of the following forecasting method(s) can generate trend forecasts? I - Delphi Method II - Moving Averages III - Regression IV - Naive Method V - Sales Force Opinion Select one: a. only IV b. only V c. III and IV d. I, III, and V e. only III f. II, III, and IV
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Find the first four nonzero terms in the Maclaurin series for the function \(y=\tan^{-1}(x^{4})\).
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Which of the following business operations has both product and period costs? a) A dry cleaner b) A retail watch company c) A department store d) A car manufacturer e) A human resources consultant
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You read in the wash street journal that 30 day T-bills are currently healing 5.5%. Your brother-in-law, a broker at safe and sound securities, has give me the following estimates of current interest rate premiums inflation rate equals 3.25% equity premium equals 0.6% maturity risk premium equals 1.8% default risk ...
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Use cylindrical coordinates to find the volume of the solid bounded by {eq}\displaystyle z = 16 - x^2 - y^2\ \text{and}\ z = 0{/eq}.
128\pi
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A firm uses a piece of land to grow flowers. This land can be used to grow other crops, but as a gardener the owners choose to devote the land to growing flowers, which are sold for $20 per bushel. The land could have been sold for $125,000. The opportunity cost of using this land to grow flowers is: a. $0 b. $125,00...
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Given the line 4x + 3y = 36, find the x-intercept and y-intercept and sketch the graph.
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Let $a$ and $b$ be natural numbers. Evaluate $\displaystyle \sum_{n=1}^{\infty}\frac{(-1)^{n-1}\binom{a}{n}\binom{b}{0}}{\binom{a+b}{a-n}}$.
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The effects of expansionary monetary policy during a recession are illustrated by a/an: A) increase in the money supply, a movement up along the AD curve, a decrease in interest rates, and an increase in real GDP. B) increase in the money supply, a shift to the right of the AD curve, a decrease in interest rates, and...
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Let {eq}C {/eq} be the closed curve consisting of line segments starting at the origin going to the points {eq}(0,1),\ (1,1),\ (1,0), {/eq} and then back to the origin. Compute the line integral {eq}\int_{C} F \cdot dr {/eq}, where {eq}F(x,y) = (-e^{y} + 1000)\widehat{i} + (x e^{y} - 10y^2) \widehat{j} {/eq}.
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Johanna, an HR manager, has been assigned the task of giving out incentives to small groups of employees in appreciation for accomplishing specific goals in reducing energy consumption. Johanna should give out the incentives in the form of:_______. a. merit pay. b. gainsharing. c. scanlon plans. d. team awards. ...
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Find the volume of the solid obtained by rotating the region bounded by the curves x = 6y^2, y = \sqrt 5, about the y-axis.
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If a stock repurchase is treated as a dividend for tax purposes, the repurchase price is: A. higher than the ex dividend price. B. the same as the ex dividend price. C. lower than the ex dividend price. D. not related to the ex dividend price.
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The natural rate of unemployment is the unemployment rate that exists when: A. The output gap is negative. B. The actual inflation rate equals the target inflation rate. C. The output gap equals zero. D. A and C
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Two sides of a triangle are 10 m and 15 m in length and make an angle of 60 degrees. The area of the triangle is?
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Evaluate the iterated integral. {eq}\int\int_{D} \sqrt{y^{2}-x^{2}}dxdy, {/eq} where D = {(x,y)| x^{2} + y^{2} \leq 16} Sketch the region of integration.
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If a company uses the same discount rate (WACC) for evaluating all projects, which of the following results is likely? a. Accepting poor, high-risk projects. b. Rejecting good, low-risk projects. c. Accepting only good, low-risk projects. d. Accepting no projects. e. Answers a and b are both correct.
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One result of firms making quality improvement investments that increase the marginal productivity of labor in unionized firms is: A. higher wages for workers in the nonunion firms. B. lower wages for workers in the union firms. C. an increase in the number of workers employed in the union firms. D. None of the abo...
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The manager of Fido's Furbearings, Inc. plans to sell 5500 of the firm's bearings a month. He knows that, on average, demand is normally distributed with a standard deviation of 500 per month. The current inventory level is 1800 bearings and the desired safety stock level is 1150 bearings. At what inventory level shoul...
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Choose the most appropriate/best statement. a) The initiation stage of carcinogenesis can occur after a single exposure to a carcinogen. b) The initiation stage of carcinogenesis is easily reversible and mostly temporarily. c) Epigenetic events that modulate gene expression cannot impact/affect carcinogenesis. d) ...
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Where can I find a detailed calculation of the order of the normalizer of $Z_{10}$ in $S_{10}$? Specifically, how can I show that the number of choices for the three elements in the support of the permutation $\alpha$ is given by $$\frac{1}{3!}(10\cdot 9\cdot 8 - 3\cdot 2\cdot 1) = 228?$$
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Can you help me find the derivative of $x^{x^{x^{x^{x^3}}}}$ using first principles? I have made some progress but I'm stuck.
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How large a sample do you need to take to ensure that you can estimate, with 95% confidence, the proportion of people preferring Coke within 2% of the actual value, assuming that roughly half the population prefers Coke and half prefers Pepsi?
2401
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Assuming that all other things remain the same, if consumer income increases by 10%, which of the following statements is true? A. the demand for normal goods will increase. B. the demand for inferior goods will decrease. C. the demand for normal goods will decrease. D. the demand for inferior goods will increase. ...
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For the year ended December 31, 2017, Transformers Inc. reported the following: Net Income $294,184 Preferred dividends paid $52,103 Common dividends paid $11,101 Unrealized holding loss, net of tax $4,085 Retained Earnings, beginning balance $409,952 Common Stock $187,013 Accumulated Other Comprehensive Income,...
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The _____ is the actual date on which the corporation acquired the assets. a. basis date b. acquisition date c. contribution date d. equalization date
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A) When arbitrary allocations are used, income statements have very little information content. B) The calculation aspects of most expense measurements are easily resolved under historical cost accounting. C) When arbitrary allocations are used, income statements still have information content. D) Capital market res...
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Calculate the present value of an annuity of {eq}\$100 {/eq} per period for {eq}10 {/eq} periods discounted at {eq}8 {/eq} percent per period. a) {eq}\$671.01 {/eq}. b) {eq}\$623.30 {/eq}. c) {eq}\$923.22 {/eq}. d) {eq}\$981.81 {/eq}.
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