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If you were to receive $3,000 per year for the next 40 years and you invested that in an investment that earned 15% per year, how much would you have at the end of the 40 years? a. $15,268.75 b. $265,563.10 c. $5,337,270.93 d. $2,027,408.49
c
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Which statement about the Beta distribution is incorrect? A. The Beta distribution is defined on the range 0 < x < 1. B. The Beta distribution is a skewed distribution. C. The mean and mode are equal to one another. D. The cumulative density function can be written in closed form.
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Income statement data: Sales $6,800 Cost of goods sold $6,000 Balance sheet data: Inventory $670 Accounts receivable $290 Accounts payable $450 Calculate the days inventory held. (Use 365 days in a year. Do not round intermediate calculations. Round the answer to 1 decimal place.)
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Phinney Enterprises has the following inventory data: January 1: Beginning Inventory of 150 units at $24 January 10: Purchase of 450 units at $23 January 25: Sale of 300 units February 14: Purchase of 550 units at $20 February 27: Sale of 400 units Assuming that a perpetual inventory system is used, what is the a...
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What is the required sample size if we wish to be 95% confident that our estimate is within 0.05 of the true proportion, given a preliminary estimate that 65% of freshmen return to the same school for their sophomore year, and 0.95 is the true level of confidence desired?
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Company X has a beta of 1.6, while Company Y's beta is 0.7. The risk-free rate is 7%, and the required rate of return on an average stock is 12%. Now the expected rate of inflation built into rRF rises by 1 percentage point, the real risk-free rate remains constant, the required return on the market rises to 14%, and b...
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Evaluate the integral. {eq}\displaystyle \int_{-2}^0 (3x - 9e^{3x})dx {/eq}
\frac{3}{e^6}-9
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Peterman Corporation had the following data for the month: Variable costs per unit: Direct materials $2.80 Direct labor 3.70 Variable overhead 2.10 Variable selling expenses 0.90 Fixed overhead 4,100 per month Fixed selling expenses 6...
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Sketch and find the area of the region described by: Inside the polar curve r = 2 and outside the polar curve r = 4cos(θ).
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The annual net income reported by Raines Inc. was $78,000. During the year, accounts receivable increased $23,000 and accounts payable increased $42,000. Depreciation expense was $36,000 and interest income was $1,500. Compute the net cash flows for the operating activities using the indirect method.
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A monopolist faces the following demand curve: Price Quantity Demanded $10 1000 $9 2000 $8 3000 $7 4000 $6 5000 $5 6000 $4 7000 $3 8000 If the monopolist can p...
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Marple co. had earnings per share of 30 for 2013 before taking any dilutive securities into consideration. No conversion or exercise of dilutive securities took place in 2013. However, the possible conversion of convertible preferred stock would have reduced earnings per share to 26. The effect of possible exercise of ...
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Because one relation cannot be symmetric and antisymmetric in relation to another, but is always symmetric and reflexive to itself, there are 2^n relations (relations in the diagonal only). Is that right?
2^n
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Wildhorse Company is a multi-product firm. Presented below is information concerning one of its products, the Hawkeye. Compute the cost of goods sold, assuming Wildhorse uses periodic system, LIFO cost flow. Date Transaction Quantity Price/Cost 1/1 Beginning inventory 3,500 $19 2/4 Purchase 4,500 28 2/20...
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Which of the following is a true statement? 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 hav...
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Call a nonnegative integer n special if either n is 0 or n=2i, n= 3j or n=6k for some nonnegative integers i, j, k. In how many ways can we choose a subset of 2020 special numbers so that no two are consecutive (don't have to choose all of them)?
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The characteristic equation of matrix A is \lambda ^2+\lambda -6=0. What are the eigenvalues of the matrix (6A)^{-1}?
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Sander's Supplies has paid a constant dividend of $2.15 a share for the past 20 years. Yesterday, the firm announced that the dividend will increase next year by 5 percent and will stay at the level for three years, after which time the dividends will increase by 4 percent annually. The required return on this stock is...
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Suppose the own price elasticity of market demand for retail gasoline is -0.7, the Rothschild index is 0.6, and a typical gasoline retailer enjoys sales of $2,100,000 annually. What is the price elasticity of demand for a representative gasoline retailer's product? Instruction: Round your answer to 2 decimal places.
-1.17
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Noncancerous cells .... while cancerous cells ..... A.) reach a hayflick limit; do not reach a hayflick limit B.) do not express telomerase; express telomerase C.) have shelterin; do not have shelterin D.) are stationary; circulate E.) none of the above
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Assume you receive $63,000 in three years and the annual interest rate is five percent. Using the present value formula, how much is that amount worth in today's dollars? a. $54,422 b. $72,945 c. $53,550 d. $63,000 e. None of the answer choices is correct.
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The financial statements for the P Corporation and its subsidiary S Corporation for 2012 are listed below: P Corp.S Corp. Sales$1,400,000$550,000 Cost of goods sold$800,000$350,000 Gross profit$600,000$200,000 Expenses$450,000$150,000 Income before taxes$150,000$50,000 Income tax expense$90,000$10,000 Net income$60...
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A 25.00 mL sample of a HCl solution of unknown concentration is titrated with 0.1553 M NaOH. A volume of 13.01 mL of the NaOH solution was required to reach the end point. What is the concentration of the unknown HCl solution?
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Sally's Stop Shop reports net income of $60,000. The firm paid $22,000 in interest and $16,000 in dividends to preferred shareholders. The tax rate is 34%. What is the firm's cost of preferred stock? a. 4.90% b. 10.33% c. 17.00% d. 32.00% e. Cannot be determined from the information given.
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Determine the critical value for a left-tailed test regarding a population proportion at the {eq}\alpha {/eq} = 0.025 level of significance.
-1.96
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You have a choice between two mutually exclusive investments. Project A has a net present value of $1 million. Project B has a net present value of $1.5 million. Project A has a 20% chance of a $10 million payoff and an 80% chance of a $100,000 payoff. Project B has a 20% chance of a $10.5 million payoff and an 80% cha...
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Which of the following statements is CORRECT? A. The current yield on a bond is computed by dividing the annual interest by the bond's face value. B. If a bond's Yield to Maturity exceeds its coupon rate, the bond's current yield must also exceed its coupon rate. C. If two bonds have the same maturity, the same yiel...
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The Pennington Company has two divisions: the Southern Division and the Northern Division. The divisions have the following projected operating income and invested assets for 2017. Southern Division Northern Division Operating Income $616,000 $217,000 Invested asse...
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If the value of the marginal product of labor is $50 and the wage rate is $10, then hiring an additional unit of labor: a. Decreases economic profit by $50 b. Decreases economic profit by $10 c. Increases economic profit by $50 d. Increases economic profit by $10
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Is there a closed form for the integral $$\int_\alpha ^\beta\frac{dx}{\log x}$$ where $\alpha,\beta \in \mathbb{R}$ and $\alpha<1<\beta$? What is the reasoning behind the approximate closed forms given by the Taylor polynomials $T_3(1/x)$ and $T_3(1/x\log x)$ evaluated from $\beta$ to $\alpha$?
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Nadine has a production function 4x1+x2. If the factor prices are $12 for factor 1 and $2 for factor 2, how much will it cost her to produce 30 units of output?
60
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Which of the following statements is incorrect? A. Treasury stock should be reported as a deduction from total stockholders' equity. B. The purchase of treasury stock should reduce paid-in capital and retained earnings. C. The cost method of recording treasury stock assumes that treasury stock is reissued for its pa...
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Strategy analysis and choice largely involves making _____ decisions based on _____ information. A) long-term; short-term B) subjective; objective C) short-term; long-term D) subjective; short-term E) objective; subjective
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Which perspective of social responsibility holds that a manager's responsibility is to maximize profits? A. Efficacy B. Efficiency C. Effectiveness D. Effect
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The table below shows part of the value and composition of GDP for Country A in 2010 and 2011. Value of GDP: 2010 = $2,500; 2011=$2,750 Consumption: 2010= $800; 2011=$850 Investment: 2010 = $300; 2011=$350 Government spending: 2010 = $600; 2011=$700 Net exports: 2010=$300; 2011=$350 Over the year, what were Count...
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The constant growth model of common stock valuation: A) Is not affected by the firm's policy regarding the payment of dividends. B) Is not affected by the firm's risk. C) Is not affected by the growth rate of the stock price. D) Is not affected by the required rate of return. E) None of the above.
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Use the definition of the derivative {eq}f'(x) = \lim_{h \rightarrow 0} \frac{f(x+h) - f(x)}{h} {/eq} to calculate the derivative of the following functions: {eq}f(x) = 2x - 7 {/eq}.
2
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The number of shares of a class of stock that are outstanding is: a. the number of shares authorized minus the number of shares issued. b. the number of shares authorized minus the number of shares held as treasury stock. c. the number of shares issued minus the number of shares held as treasury stock. d. the numbe...
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Calculate the probability of the following being a 3 stock portfolio from a universe of 10 stocks. Put options on the 3 selected stocks. Select from the following probabilities: 1. 0.3411 2. 0.1295 3. 0.1441 4. 0.0001
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The most likely approach to use when capital budgeting decisions involve mutually exclusive alternatives is the: a. Cash flow approach. b. Average accounting return approach. c. Internal rate of return approach. d. Profitability index approach. e. Net present value approach.
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A 40.0 mL sample of a 0.100 M acetic acid solution is titrated with a 0.100 M NaOH solution. Calculate the pH after 50.0 mL of the NaOH solution has been added.
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Find the implicit solution of the following initial value problem (show all steps): y'=(y^2+y)/(t^2+t), y(0)=1 (Note: the answer is t=(sqrt(1+2y)-1)/2)
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The financial statements of ABC Co., appear below: ABC Co. Comparative Balance Sheet December 31, 2014 2014 2013 ASSETS Cash $25,000 $40,000 Marketable Securities 20,000 60,000 Accounts Receivable (net) 40,00...
3.62
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An annuity is set up that will pay $1,600 per year for ten years. What is the present (current) value of this annuity given that the discount rate is 5%? a. $12,786 b. $12,800 c. $12,833 d. $13,427
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The firm's articles of incorporation authorize the issuance of 100,000 shares of common stock. Each share has a par value of $1. During the first quarter of the fiscal year, the following transactions occurred: A shareholder sold 4,000 shares of the stock for $200,000 and the selling price was accepted. The board of ...
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Which of the following statements is true? A) Taxing people on the basis of their ability to pay can lead to an efficient outcome. B) Governments can produce Public Goods efficiently. C) If the demand for a Public Good is downward sloping, then the introduction of private markets will lead to an efficient outcome. ...
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Presented below is information related to Jackson Corporation for the month of August. Raw materials purchased on the account $110,000 Direct materials used in production $70,000 Indirect materials used in production $10,000 Direct labor used in production ...
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Assuming that they run their operations at a level of 90 percent of capacity, which one of the two manufacturing firms (A or B) is more likely to be earning positive economic profit? Manufacturing Firms A and B. a. Firm A; Firm A has a lower fixed cost b. Firm A; Firm A has lower total cost c. Firm B; Firm B has hig...
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The IQ test scores are normally distributed with a mean of 100 and a standard deviation of 15. Given a class with 25 students, what is the probability that the class' average IQ score is between 85 and 115?
1
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Use the following price table to answer the question. Quantity Price Total Revenue 0 $1.00 $0.00 1 $0.90 $0.90 2 $0.80 $1.60 3 $0.70 $2.10 4 $0.60 $2.40 5 $0.50 $2.50 6 $0.40 $2.40 7 $0.30 $2.10 8 $0.20 $1.60 9 $0.10 $0.90 10 $0.00 $0.00 If the table represents a monopoly, the profit-maximizing price is a. $1.00 b. ...
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Systematic risk is also called _____. A. company specific risk B. nondiversifiable risk C. unique risk D. diversifiable risk E. none of the above.
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Assume that the distance a student commutes to campus is normally distributed with a mean of 9 miles and a standard deviation of 4 miles. What is the probability that a student will commute for less than 5 miles?
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As the number of observations increases in a least squares regression, which of the following will generally happen? a. Standard error of estimate increases. b. Variability of individual data points increases. c. Slope of the regression line tends toward zero. d. Standard error of estimate decreases.
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You are given the following information for Sookie's Cookies Co. Sales = $54,700; Costs = $36,600; Addition to retained earnings = $2,430; Dividends paid = $1,045; Interest expense = $1,230; Tax rate = 40%. Calculate the depreciation expense for the company. a. $8,055 b. $7,400 c. $6,320 d. $7,735 e. $5,130
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A, B, and C have capital balances of $80,000, $80,000, and $40,000, respectively. Profits are allocated 40% to A, 40% to B and 20% to C. The partners have decided to dissolve and liquidate the partnership. After paying all creditors the amount available for distribution is $20,000. A, and B are personally solvent. C is...
c
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Consider the equation {eq}\displaystyle \cot 3x = -6{/eq}. What is the smallest positive solution to this equation, rounded to three decimal places? A) {eq}0.475{/eq} B) {eq}0.158{/eq} C) {eq}0.206{/eq} D) {eq}0.338{/eq}
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Suppose there is a 5% tax on earnings from investments. What effect will this have on the present value of an investment that pays $100,000 in the first year, increasing by 5% per year for 20 years? Show all work.
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You estimate that your firm will generate a constant income stream of $80,000 per year for 15 years. At 6% per year, what is the PV of this stream?
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Which of the following is the best example of a cash flow from an investing activity? a. Purchase of land and a building by issuing a long-term note payable b. Sale of investments in stock c. Issuance of common stock at its par value d. Dividends received on investments in stock
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You have the opportunity to buy an investment that pays out $25,000 in 4 years, $7,500 in 10 years, and $50,000 in 16 years. If you are required to pay $50,000 today for this investment, your expected rate of return is closest to _____. A. 4% B. 3% C. 2% D. 5%
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Why is $2^n - n$ the number of distinct riffle shuffles on a deck of n cards?
2^n-n
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The resources employed to manufacture a product in the United States include a. only U.S.-owned capital and labor, b. U.S.-owned capital and U.S.-born labor, c. U.S.-born capital and U.S.-owned labor, d. U.S.-born capital and U.S.-born labor, e. any capital and labor.
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Suppose the current exchange rate for the Polish zloty is Z 2.81. The expected exchange rate in three years is Z 2.87. What is the difference in the annual inflation rates for the United States and Poland over this period? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal plac...
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Gama Inc., based in country A, is a company that makes crystal watches. The company is considering a foreign capital stock issue. Which of the following will most likely impact the company's decision about a capital stock issuance? a) the currency of the country where the capital stock is issued b) the number of offi...
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Find the rate of change of the volume V of a sphere with respect to its surface area S when the radius is 3 meters.
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You are forming a portfolio that consists of two stocks and a risk-free asset. You will invest \$4,000 in the risk-free asset and a total of \$10,000 in the two risky stocks. Your goal is to create a portfolio that has an expected return of 14.6%. Given this, what is the weight of the stock with the expected return of ...
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The risk that the assessed level of control risk based on the sample is less than the true operating effectiveness of the control structure policy or procedure is termed: a. the risk of incorrect acceptance. b. the risk of incorrect rejection. c. the risk of assessing too low. d. the risk of assessing too high.
c
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Find the length of the cardioid r=1-cos θ
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A firm pays $50,000 in interest during a year. It also has a pre-tax cost of capital of 5% and total depreciation of $100,000. If the firm is in the 35% tax bracket, what is its EBIT?
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Carter Inc. estimates that it will incur $30,000 of overhead costs during the year and 1,000 units of production. The predetermined overhead rate is $30. During the year, Carter Inc. incurs $32,000 of actual overhead costs and 1,050 units of production. The overhead for the period would be: a. underapplied, $1,500. ...
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A firm has a production function f(x, y) = min {x, y^2} and prices input x at $6 per unit and input y at $2 per unit. Is the long-run average cost curve a vertical line, upward sloping, downward sloping, or a horizontal line?
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Why does $a\left(\dfrac{c^x}{b}+1\right)+b\left(1-\dfrac{c^x}{b}\right)$ simplify to $a+b$?
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On 1/1/14 two firms sign a 6-year lease involving a plant asset with a remaining useful life of 10 years on this date. The fair value of the asset is $700,000. The interest rate implicit in the lease is 10% and the annual lease payments of $120,000 are due each Dec. 31. The contract allows the lessee to purchase the as...
d
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Use the definition to find the Laplace transform of {eq}f(t) = 2t{e^{3t}}.
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Use the constant growth model (GGM) to find the value of each firm's stock, assuming a 12 percent discount rate and growth rates of: Callander Travel Corp. - 4% Country Formulas - 8% Dial Incorporated - 12% Eddie's Book Store - 14% The following table shows information for a sample of 20 companies. Based on this d...
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Is there any other approach to find the limit, $$\lim_{n \to \infty} \frac{1}{n} \log(\frac{n}{n-1}) \prod_{k=2}^n \frac{k^k}{(k-1)^{k+1}} ,$$ where $\log$ is the natural logarithm?
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The Bell Weather Co. is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 15 percent a year for the next 4 years, and then decreasing the growth rate to 6 percent per year. The company just paid its annual dividend in the amount of $0.70 per share. What is the curren...
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Consider a population with a mean of 100 and variance of 900. If a random sample of size n = 30 is obtained, what is the probability that the mean is less than 96?
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Identify where the following item would be reported in the financial statements. Indicate also the type of financial statement. Patent a. Current assets b. Current liabilities c. Investments d. Long-term liabilities e. Property, plant, and equipment f. Stockholders' equity g. Intangible assets h. Other revenue...
g
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U.S. Department of Energy is considering using the Net Present Value method when evaluating new plant equipment. The department has to consider the salvage value of new equipment as well as how it can best recover its investment in the equipment over its estimated service life. When calculating the net present value o...
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What is the probability that the mean time before failure is between 90 and 105 hours for an electronic component with a time to failure distribution that can be approximated by an exponential distribution with a mean of 100 hours, if a reliability engineer randomly samples 12 of these components? Round your answer to ...
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1. You work for a company that manufactures cells. Your company is considering the use of higher quality materials for one of its products. Management has decided to conduct a cost/benefit analysis of this proposed change. Some of the costs and benefits associated with this proposal are listed below. Which of these cos...
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Use the cylindrical coordinate system to find the volume of the solid between the surfaces z = 3r^2 and z = 6.
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ABC, Inc. is considering Project A with an initial outlay of $3,000. The project will last for three years. The annual cash inflows for Projects A are given below. Year Cash Inflow 1 $500 2 $750 3 $2,000 Calculate the internal rate of return for the project. ABC's cost of capital is 10%.
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Oligopoly is characterized by all of the following except: A. some industries that produce identical products. B. frequent price wars. C. high barriers to entry. D. prices that are above the minimum of the ATC curve.
D
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Which of the following creates the trade-off depicted by the Phillips curve? A. A rightward shift in the aggregate supply curve B. An increase in input costs that corresponds with an increase in unemployment C. An increase in output that corresponds with a decrease in the price level D. A leftward shift in the aggr...
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Given the following data for a firm, compute its ROE. Net income $500,000 Total debt $1,000,000 Interest paid $100,000 Sales $10,000,000 Total assets $5,000,000 Total equity $4,000,000 A) 12.50% B) 10.80%...
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In the last unit we talked about using backward induction to determine the optimal choice of goods for a consumer. What happens if a consumer allocates their income such that the marginal utility per dollar is not equal across all goods? a. The consumer could increase their utility by consuming more of the goods in wh...
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The fact that {eq}3,000 {/eq} units were produced during the year but only {eq}2,500 {/eq} units were sold during the year, and that ending inventory increased by {eq}500 {/eq} units, would cause the amount of net income to be higher using absorption costing than using variable costing by: A) $160,000. B) $150,000...
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Determine the absolute maximum and absolute minimum values of the function {eq}f(x)=2x^{3}-3x^{2}-12x+24 {/eq} on the interval {eq}[-3,3] {/eq}.
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Xytex Products just paid a dividend of $2.52 per share, and the stock currently sells for $34. If the discount rate is 13 percent, what is the dividend growth rate?
5.2%
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The mean weight of loaves of rye bread baked by a machine at a certain bakery is known to be 1 lb. and the standard deviation is known to be 0.12 lb. A random sample of 16 rye loaves is taken. What is the probability that the average weight of a loaf selected randomly from this machine is less than 0.8 lb.?
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A CPA firm using the percentage of completion method to assign inventory costs to units transferred out and units in process would assign a higher cost to its finished goods inventory if it used an: a. average percentage of completion for both direct material and conversion cost items. b. average percentage of comple...
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$G=\mathbb{Z}_{18}^{*}$ and $a=11.$ Find order of $a$ in $G$. Find the smallest positive integer $k$ such that $(a^k)=1$.
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Find the Riemann sum for f(x) = x^2 + 3x over the interval [0, 8], where x_0 = 0, x_1 = 1, x_2 = 2, x_3 = 5, and x_4 = 8, and where c_1 = 1, c_2 = 2, c_3 = 4, and c_4 = 8.
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What are the four most important monetary policy instruments and how do they work?
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Lexis Company purchased equipment on January 1, 2012, for $35,500. The estimated useful life of the equipment was 7 years and the estimated residual value was $4,000. After using the straight-line method of depreciation for 3 years, the estimated useful life was revised to 9 years on January 1, 2015. How much is the d...
$3,000
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In the general competitive equilibrium: A. a profit-maximizing buyer purchases the quantity of the product at which price equals the marginal value the last unit purchased yields B. a profit-maximizing seller supplies the quantity of the product at which price equals the marginal cost of producing the last unit suppl...
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Information concerning the operations of a retail store for the year ended 2012 is as follows: Inventory (at cost) Dec. 31, 2011$480,000 Inventory (at cost) Dec. 31, 2012$540,000 Sales revenue for 2012$2,800,000 Cost of goods sold for 2012$2,150,000 Sales returns for 2012$100,000 What is the amount of gross margin fo...
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What is the p-value if, in a sample of 49 people the mean time spent with their children is 7.1 hours, the sample variance is 2.8 hours, and we are testing the hypothesis H0: μ ≤ 7 hours versus HA: μ > 7 hours? Use the t distribution in any calculations.
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