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In this graph, at the interest rate ie (5 percent): a. the amount of money demanded as an asset is $50 billion. b. the amount of money demanded for transactions is $200 billion. c. bond prices will decline. d. $100 billion is demanded for transactions, $100 billion is demanded as an asset, and the money supply is $...
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I have to show that there is an eigenvalue of $A$ whose real part is the largest among all eigenvalues of $A$. Let $\lambda_1,...,\lambda_n$ be the eigenvalues of $A$, that is $\det(A-\lambda I)=\prod_{k=1}^n(\lambda_k-\lambda)$. We can suppose that $\text{Re}(\lambda_1) \geq \text{Re}(\lambda_k),\forall k \in \{2,..,n...
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Holding other things constant, an increase in the standard deviation of stock returns will _____. I. increase the value of a put option II. increase the value of a call option A) I only B) II only C) both I and II D) neither I nor II
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Solve for X: $$ \lim_{n\to \infty}\left( \frac{2n^2+2^n}{n^2+4n} \right)^{\frac{n^2}{2n+1}}=X $$
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The population mean and standard deviation are 360 and 23.5, respectively. If a random sample of size n = 30 is taken, find the probability that the sample mean is less than 355.
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A 145 g baseball is dropped from a tree 12.0 m above the ground. With what speed would it hit the ground if air resistance could be ignored?
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The opportunity cost of any action is: a. the time required but not the monetary cost. b. all the possible alternatives forgone. c. the highest-valued alternative forgone. d. the monetary cost but not the time required.
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After an increase in the money supply, the AD curve would: A. shift to the right, if people became more pessimistic about the future B. remain unchanged, if a decrease in the interest rate was offset by an increase in taxes C. shift to the right, if people expected the money supply to increase D. shift to the right...
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Which of the following would not be included as part of "other comprehensive income"? a. changes in the value of derivative instruments. b. gains and losses on discontinued operations. c. foreign currency translation differences. d. unrealized losses on available-for-sale securities. e. none of these.
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Which of the following costs would not be considered part of the manufacturing overhead of a chemical plant? a. The cost of disposing toxic waste materials. b. Salaries of factory medical personnel. c. Salaries of employees who operate distilling equipment used in the production process. d. The cost of complying wi...
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Deangelo Corporation is considering an investment in one of two mutually exclusive projects. The cash flows for each project appear below. Year Project X Project Y 0 -$30,000 -$30,000 1 $10,000 $20,000 2 $10,000 $10,000 3 $...
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Approximate the binomial probability P(X = 6), where n = 20, p = 0.40, by using the normal distribution. Round your answer to four decimal places.
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Given $$X(f)=\frac{2}{(1+j2\pi f)^3}$$ so, $$X^*(f)=\frac{2}{(1-j2\pi f)^3}$$ and a transfer function: $$H(f)=\frac{2(2\pi f)^2 e^{-j2\pi ft}}{(1-j2\pi f)^3}$$ With the following conversion formula: $$\frac{d^n}{dt^n}f(t)=Ft^{-1}[(j2\pi f)^nF(f)]$$ What I got is: $$\frac{d^2}{dt^2}x(-t)$$ Yet the answer is: $$-\frac{d^...
-\frac{d^2}{dt^2}x(-t)
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What is the name given to the 5-year maximum period over which an employer can offset against current Social Security tax an employer's minimum wage, tip credit, or contribution for which the employee has not worked? a. Period of Permissive Allowance b. Period of Permissive Estimation c. Period of Permissive Salary ...
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Suppose that R(r) = 4p(r) - 2, where p(r) is the equilibrium price of product r in some market. Further suppose that {eq}\frac{\partial R}{\partial r} {/eq} equals 0.2. Find {eq}\frac{\partial p}{\partial r} {/eq} at a point where R = 100.
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Pearl Company's income statement showed net income of $105,000 and a net loss from discontinued operations of $27,000. During the year, the company declared a dividend of $60,000 and declared a dividend refund of $15,000. What was the cash paid for dividends?
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Given that Earnings before interest and taxes (EBIT) is equal to $1,600,000, Interest is equal to $200,000, Taxes are equal to $400,000, and EBIT is expected to grow by 5% indefinitely, what is the value of the firm?
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The Vaughn Company issues $600,000 of 9%, 15-year bonds for 100. On December 31, 2014, the straight-line method of amortization of any bond premium or discount is used. The market interest rate is 10%. The amount of premium or discount is related to the issue price of the bonds. The annual interest expense on these b...
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Norton Manufacturing expects to produce 2,800 units in January and 3,800 units in February. Norton budgets $50 per unit for direct materials. Indirect materials are insignificant and not considered for budgeting purposes. The balance in the Raw Materials Inventory account (all direct materials) on January 1 is $38,750....
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Bacterial resistance to Beta-lactams may be mediated by all of the following except: A. Prevention of phagolysosomes formation B. Altered antibiotic target proteins C. Decreased intracellular uptake of the drug D. Active elimination of efflux pump E. Enzymatic destruction of the antibiotics
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I have the following problem: $A=\begin{pmatrix} 1 & 1 & 1 & 1 & 1 & 1 & 1 & 1 & 1 & 1\\ 1 & 1 & 1 & 1 & 1 & 1 & 1 & 1 & 1 & 0\\ 1 & 1 & 1 & 1 & 1 & 1 & 1 & 1 & 0 & 0\\ 1 & 1 & 1 & 1 & 1 & 1 & 1 & 0 & 0 & 0\\ 1 & 1 & 1 & 1 & 1 & 1 & 0 & 0 & 0 & 0\\ 1 & 1 & 1 & 1 & 1 & 0 & 0 & 0 & 0 & 0\\ 1 & 1 & 1 & 1 & 0 & 0 & 0 & 0 &...
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If a firm increases its annual dividend by a constant amount of $0.14 a share, what is the expected rate of return for a share with a current value of $6.23 and a market price of $58.14?
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The long-run aggregate supply curve (LRAS) is {eq}Y = Y_f {/eq}, which depends on the amounts of resources and the level of technology innovation. If a country has more resources and better technology, which of the following is true? A. The LRAS curve will shift to the right. B. The SRAS will shift to the right. C....
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A firm realizes the least cost in production if it substitutes the factors until their: a. prices are equal. b. marginal physical product to the factor price ratio is equal for all factor inputs. c. marginal physical products are equal to zero. d. marginal physical products are equal. e. marginal physical products...
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A 2-year Treasury security currently earns 1.85 percent. Over the next two years, the real risk-free rate is expected to be 1.00 percent per year and the inflation premium is expected to be 0.50 percent per year. Calculate the maturity risk premium on the 2-year Treasury security.
0.35%
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According to the note to their financial statements, Safford Company expects bad debts to increase by $3,000 in 2014 due to a credit crisis. The 2013 balance in the Allowance for Doubtful Accounts was $36,500 and the 2013 Bad Debts expense was $37,000. What amount of Bad Debts expense will Safford record in 2014 if the...
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Which of the following statements is incorrect? (a) Current assets are found on a corporation's balance sheet. (b) Marketable securities are current assets. (c) Bonds payable are current liabilities. (d) Liabilities appear first on a corporation's balance sheet. (e) Common stock is an example of a noncurrent liabi...
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Let $S=\left\{x\in\mathbb{R}: 0<x<1 \text{ or } x=\frac{n}{n+1}, \text{ for some } n\in\mathbb{N}\right\}$. Calculate the limit points of $S$. How can I prove that the limit points of $S$ are $[0,1]$?
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The College Board reports that in a recent year, the mean mathematics SAT score was 507, and the standard deviation was 111. A sample of 63 math scores is chosen. What is the probability that the sample mean score is less than 496?
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Company B is considering an acquisition of Company S. To assess the amount it might be willing to pay, Company B makes the following computations and assumptions: 1. Company S has identifiable assets with a total fair value of $8,000,000 and liabilities of $5,300,000. The assets include office equipment with a fair va...
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What is the formula for computing direct materials price variance? a. actual costs - (actual quantity {eq}\times {/eq} standard price) b. actual cost + standard costs c. actual cost - standard costs d. (actual quantity {eq}\times {/eq} standard price) - standard costs
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An analyst made the following statements about a company's asset turnover ratio: i) it is computed by dividing net income by average total assets ii) it represents the profit the company earns for every dollar of assets it has iii) a higher ratio would indicate more efficient use of assets iv) the formula is the sa...
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Hanner Corporation issued ten-year, 11%, bonds payable in 2020 at a premium. During 2020, the company's accountant failed to amortize any of the bond premium. The omission of the premium amortization will: A. cause net income for 2020 to be overstated. B. cause net income for 2020 to be understated. C. not affect ne...
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Find the implicit derivative of √(x/y) = 2x - 4.
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FCF Inc. has earnings before interest and taxes of $8,100,000, depreciation expenses of $700,000, capital expenditures of $1,100,000, and has increased its net working capital by $350,000. If its tax rate is 34%, what is its free cash flow? (Enter your answer in thousands of dollars. Omit the "$" sign in your response....
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How many rational numbers are there between the two nearest integers of $\sqrt{10}$? Why is $\phi(\sqrt{10})$ used to find this answer?
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Maximum Feasible Hourly Production Rates for either Computers or Bicycles Using All Available Resources Product United States Mexico Computers 82 Bicycles64 According to the above table, if these two countries trade Select one: a. the United States should specialize in computers and Mexico should specialize in bicy...
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Which type of skin cancer is often nonmelanotic and can be associated with occupational or environmental exposures (e.g., sun, chemicals, radiation) or a prior radiation therapy? A. Benign nevi B. Malignant melanoma C. Kaposi's sarcoma D. Squamous cell carcinoma
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Consider the following transactions for Exhibit 9-1: 1. Issued $25,000 par value common stock for cash. 2. Recorded and paid wages expense of $10,000. 3. Acquired land by issuing common stock of a par value of $50,000. 4. Declared and paid cash dividend of $1,000. 5. Sold long-term investment (cost $3,000) for cas...
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A project has a cost of capital equal to 10%, and it has net cash inflows that are expected to be $3,000, $4,500, and $6,000 per year for each of the next three years. Which of the following statements is CORRECT? a. The project's MIRR is 9.00%. b. The project's MIRR is 11.68%. c. The project's MIRR is 12.13%. d. T...
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How do you evaluate the limit of (e^(1/x) + 1)^(1/x) as x approaches 0?
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Eastern Insurance Co. is considering a project that will produce cash inflows of $28,000 a year for three years followed by $22,000 in year four. What is the internal rate of return if the initial cost of the project is $79,000? 12.14 percent, 12.30 percent, 12.71 percent, 12.93 percent, or 13.40 percent
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Sutton Company produced 98,000 units in 46,000 direct labor hours. Production for the period was estimated at 100,000 units and 50,000 direct labor hours. A flexible budget would compare budgeted costs and actual costs, respectively, at: a. 50,000 hours and 46,000 hours b. 46,000 hours and 46,000 hours c. 49,000 hou...
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An incorrect statement, regarding the development of the heart, is: a. The primitive heart is formed by fusion of two parallel tubes. b. The heart tube kinks to form a U-shaped loop c. The single atrium and ventricle are separated by the dorsal and ventral endocardial cushions. d. The foramen secundum is a defect i...
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The capital market line is the tangent line drawn from the risk-free return through the efficient frontier of investment portfolios. An equation for the capital market line is: a. E(Rp) = Rf + [E(Rm) - Rf] / (S.D. of M) b. E(Rp) = Rf + [E(Rm) - Rf] x (S.D. of M) c. E(Rp) = Rf + (S.D. of M) x [E(Rm) - Rf] d. E(Rp) =...
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Which of the following is an example of second-degree price discrimination? a. a car rental agency that charges a lower price per day if you hire it for a week b. a grocery store that offers in-store credit c. a movie theater charging lower prices to seniors d. an airline offering lower fares to customers who book ...
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Benson incurs a cost of $11,000 to produce 1,000 units of a subcomponent part. An outside supplier has offered to sell Benson the subcomponent for $10.50 per unit. Suppose that Benson accepts the offer from the outside supplier and uses it as an opportunity to eliminate $2,000 of fixed manufacturing overhead and to inv...
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The student body president is considering a plan that will require students to wear ear protection while on campus because of concerns about acoustic pollution. Which of the following dimensions of intellectual ability best represents the president's requirement for a plan? A) Deductive reasoning B) Inductive reason...
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The management of Heider Corporation is considering dropping product J14V. Data from the company's accounting system appear below: Sales$940,000 Variable expenses$379,000 Fixed manufacturing expenses$361,000 Fixed selling and administrative expenses$241,000 In the company's accounting system all fixed expenses of the...
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The optimal decision is the one that: a. is most favorable from a subjective standpoint b. yields the highest payoff c. yields the lowest payoff d. yields the highest return
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If the government increases spending, it will likely: a. Increase aggregate demand in the short-run but not in the long-run b. Decrease aggregate demand in the short-run but not in the long-run c. Increase aggregate demand in the short-run and the long-run d. Decrease aggregate demand in the short-run and the long-...
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Given the following demand and supply functions: Demand: p = -3.50x + 32.50 Supply: p = 10 + 0.5x Calculate consumer surplus at the market equilibrium point. (Round to 2 decimal places)
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A firm will shut down in the short run if: a) its total revenue is insufficient to cover its fixed and variable costs. b) its total revenue is insufficient to cover its fixed costs but sufficient to cover its variable costs. c) its average revenue is insufficient to cover its average variable cost. d) its total rev...
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Using a table of present values for annuities with a discount rate of 9%, determine the amount that a person would have to deposit now in order to be able to take out $500 a year for 10 years starting now. Assume the first withdrawal will be made one year from today. A. $3,700 B. $3,823 C. $3,850 D. $4,218 E. $4,8...
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Calculate the moment of inertia of a 'non-uniform' ring of mass M and radius R about axis through centre and normal to its plane.
MR^2
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Which of the following are goals of short-term financial planning? I. minimize cash shortages II. maximize cash surpluses III. maintain a minimum cash balance IV. maximize firm's earnings A. I and III only B. II and IV only C. I, II, and III only D. I, II, and IV only
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Harley-Davidson Inc. manufactures motorcycles. Possible outcomes and probabilities of the outcomes for the demand of their motorcycles in the next month are as follows: Possible Outcome Additional Demand in Units Probability Ineffective campaign 100 0.40 Normal response 150 0.35 Extremely effective 200 0.25 Determin...
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The accumulated foreign exchange losses on a net investment position from foreign currency translation can be recorded in a: a. Current account deficit. b. Reserve account deficit. c. Capital account deficit. d. General ledger account deficit. e. Common wealth account deficit.
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Assume that the volatility (standard deviation) of an asset is given by the standard CAPM relation: σa = Bσm, where B is the beta coefficient for the asset, σm is the standard deviation of the market return, and the market standard deviation is σm = 0.3. Assume also that the risk-free rate is 2% per annum. If B = 1.5,...
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Use the information below to prepare a classified balance sheet for XYZ Corporation as of December 31, Year 2. Also, assume that the market price of the common stock is $40 per share and that the firm's common stock is currently trading on the New York Stock Exchange. Book ValueMarket Value Cash$250,000$250,000 A...
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What kind of distribution does X have (name and values of all parameters)? a) binomial with n = 12, x = 6, and p = 6/12 b) hypergeometric with N = 12, M = 6, and n = 12 c) hypergeometric with N = 25, M = 12, and n = 6 d) binomial with n = 25, x = 12, and p = 6/25
c
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Which of the following statements is correct concerning price elasticity of demand? A. Goods for which there are many substitutes tend to have elastic demand. B. Higher incomes tend to make demand less elastic. C. When demand is elastic, revenue is maximized. D. Because it is able to charge higher prices, sellers w...
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The weekly demand for propane gas (in thousands of gallons) is a random variable with a mean of 5.0 and a standard deviation of 1.0. The gas company has to pay for its stock of propane gas weekly from the supplier. If the gas company owns n thousands of gallons of propane gas, then the weekly demand for propane gas is ...
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The investment demand curve will shift to the right as a result of which of the following? a. a reduction in the real interest rate b. an increase in expected profits c. an increase in the real interest rate d. an increase in the money supply e. none of the above
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Driscoll Corporation's most recent balance sheet and income statement appear below. Balance Sheet As of Year Ended December 31 Current assets $ 200 Property, plant, and equipment (net) 1,550 Total assets $ 1,750 Current liabilities $ 100 Long-term debt 600 Stockholders' equity 1,050 Total liabilitie...
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Lott Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Job 50 was the only job in the process. The costs incurred prior to January 1 on this job were as follows: direct materials $10,000, direct labor $6,000, and manufacturing overhead $8,000...
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$G$ is a non-abelian group of order $p^3$. Given that it has $p^2+p+1$ subgroups of order $p$, how many subgroups of order $p^2$ does $G$ have?
$p+1$
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In designing a good information system, the first step should be a. specifying the types of reports needed b. data gathering and requirements analysis c. testing the system d. preparing user specifications
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Sproles Interiors is trying to sell you an annuity, which costs {eq}\$300,000 {/eq} today. By making {eq}25 {/eq} annual payments of {eq}\$5,000 {/eq} at the beginning of each year, you get the right to buy this annuity for nothing {eq}25 {/eq} years from today. At what rate will Sproles have to invest their money...
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The retention rate of an analyst is 35%. If an analyst is on board at the beginning of the year, what is the probability that he or she will still be with the firm at the end of the year? A. 35% B. 65% C. 70% D. 30%
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Evaluate the coefficient of variation, {eq}C_{v} {/eq} for an ideal gas at STP? Answer: {eq}26.5% {/eq}
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A large company wants to establish whether there is any relationship between their salespeople's age and the number of years they have been with the company. Salespeople range in age from 25 to 55 years old and they have been with the company between 0 and 30 years. The manager prepares a scatter diagram and notes that...
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How do you compute the 9th derivative of arctan((x^3)/2) at x=0 using a maclaurin series?
-15120
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Consider an expense paid and recorded as an Accrued Expense. As of the end of the period before payment, which of the following would be the required adjusting entry? a) Debit: Cash; Credit: Liability b) Debit: Liability; Credit: Cash c) Debit: Expense; Credit: Cash d) Debit: Expense; Credit: Liability ...
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Nevada Boot Co. reported a net income of $223,000. Beginning and ending inventory balances were $45,000 and $47,000, respectively. Accounts payable balances at the beginning and end of the year were $39,000 and $35,000, respectively. Assuming that all relevant information has been presented, Nevada Boot would report op...
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What is the probability that a sample of {eq}n = 16{/eq} students will have a mean GPAs greater than 2.75, given that GPAs at SKI high school are normally distributed with a mean of 3.2 and a standard deviation of 0.5?
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Jones Company uses the weighted average method in its process costing system. The following information pertains to its first processing department for the last month of the year: Beginning work in process: Units in the beginning work in process inventory 400 Materials costs ...
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I need some help with evaluating the following limit (the 3! next to the sin is a factorial): $$ \lim_{n \to \infty}\frac{3!\sin(\frac{3}{n})}{n(1 + \sin^2(\frac{3}{n}))}$$
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One of the critical assumptions of Monetarism is that the Fed can control the money supply (M1 or M2.) The money supply relation is expressed as: M1=B x mm, where B= the monetary base and mm= the money multiplier. Which of the following variables included in the money supply equation are NOT controllable by the Fed? ...
D
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In the simple Keynesian cross model, a $50 billion decline in investment spending can be reversed by a $50 billion increase in government spending, because (a) private saving can offset the decline in public saving (b) government spending is always superior to investment spending (c) the government's fiscal policy i...
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Use the matrix to represent and solve the problem. A company has $200,000 to invest in three different projects. Project 1 is estimated to return 15% on investment. Project 2 will return 8% on investment, and Project 3 will return 10% on investment. Find the amount to be invested in each project so that the total retur...
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Check all of the following that are true for the series {eq}\displaystyle \sum_{n=1}^\infty \frac {4-cos\pi}{n} {/eq}. A) This series converges. B) This series diverges. C) The integral test can be used to determine convergence of this series. D) The comparison test can be used to determine convergence of this seri...
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What is a corporation? a. A separate legal entity that is owned by its stockholders. b. An organization that promotes stock trading. c. The market in which stock is traded. d. The market in which bonds are traded.
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Find the least-squares regression equation (Round the coefficients to three decimal places) and property values for the given sample data on house square footage and property values. Square Footage 1,800 1,800 2,400 2,100 1,900 Property Value (in thousands of dollars) 16...
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Show that for all n ∈ $N^∗$, $10 ^{10^n} \equiv 4 \pmod{7}$.
4
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As the manager of a waste recycling company, Ruth has been asked to attend a seminar on green living. At the seminar, she spends considerable time interacting with her colleagues from the industry and discussing the various events and innovations that are taking place. Ruth feels it is extremely important for her to re...
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What is the pH of a solution that is 23.4 g of HC2H3O2 and 54.8 g of C2H5NH2 in 1.0 L of solution? Kc = 1.8 x 10^-5 for HC2H3O2 and Kb = 4.4 x 10^-4 for C2H5NH2.
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On January 1, a company issued $150,000 of 5%, 8-year bonds with a face value of $1,000. The bonds have a call premium of 105, and the market interest rate at the date of issuance is 8%. The bonds pay interest on January 1 and July 1. The company uses the straight-line method of amortization of any bond discounts or pr...
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The labor demand curve will shift to the right and the equilibrium wage will increase in the scenario of: a. A perfect competitor hiring labor in a perfectly competitive labor market. b. A monopolist hiring labor in a perfectly competitive labor market. c. A monopolist hiring labor in a monopoly labor market. d. A ...
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In examining the invoices issued by a company, an auditor finds that the dollar amounts of invoices have a mean of $1950 and a standard deviation of $450. What is the probability that for a sample of 45 invoices, the average invoice is less than $1900?
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The introduction of the _____ placed more effective controls over business practices and less obvious forms of interaction by American companies. A. U.S. Federal Sentencing Guidelines for OrganizationsB. Ethics Resource CenterC. Sarbanes-Oxley ActD. Foreign Corrupt Practices Act
D
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Which of the following will occur if the price level increases and the money supply is held constant? a) The real money supply will increase. b) The real money supply will decrease. c) There will be no change in the real money supply. d) The real money supply will increase and the price level will decrease. e) The...
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The quantity theory of money states that: A. the velocity of money increases as the money supply increases B. if the money supply increases 5% faster than the growth rate of real output, the price level will increase C. an increase in the money supply reduces the demand for money D. none of the above
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An income statement based on absorption costing: A. shows fixed manufacturing overhead as a fixed cost. B. may have a net operating income that is lower than net income under variable costing. C. shows a deduction for fixed manufacturing overhead expense. D. appears to management to overstate operating income. E. ...
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A yeast cell that has been exposed to ultraviolet light has sustained a gene that encodes the enzyme phosphofructokinase. This gene now encoded nonfunctional enzyme. Which one of the following statements best describes of this mutation on the yeast cell? A. The citric acid cycle and oxidative phosphorylation will be u...
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Interest paid to the Federal Reserve is a(n): a. Tax b. Reimbursement c. Liability d. Loan e. None of the above.
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Knoell Company paid its sales employees $15,000 in sales commissions. What impact will this transaction have on the firm's working capital? A. No impact B. Increase it C. Decrease it D. Not enough information is provided to answer the question
C
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If you are given a ratio of a test-retest calculation and you know the error of the initial measurement, how do you calculate the variance of the true score?
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A firm manufactures a product that is sold for $13.80 per unit. The variable cost per unit is $10.80, and fixed costs total $42,000. Determine the break-even point in units.
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The real risk-free rate is 2.05%. Inflation is expected to be 2.95% this year, 4.65% next year, and 2.15% thereafter. The maturity risk premium is estimated to be equal to 0.05% × (years to maturity). The liquidity premium is 0.65% and the default risk premium is 1.35%. What is the yield on 2-year Treasury bonds?
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