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If the marginal cost curve is increasing, then: a. the average cost curve is increasing. b. the average cost curve is always below the marginal cost curve. c. the average cost curve is always above the marginal cost curve. d. average cost could be either increasing or decreasing.
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Who believes that putting shareholders first is the wrong approach to corporate governance? Choices are: a. Freeman, b. Friedman, c. Kelly d. Halfon
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Which of the following would be the impact of a consignor including merchandise in the hands of the consignee in ending inventory on current year's net income? a. Net income for the current year will be overstated. b. Net income for the current year will be understated. c. There will be no error effect on net income...
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You are considering investing in a bank account that pays a nominal annual rate of 7%, compounded monthly. If you invest $3,000 at the end of each month, how many months will it take for your account to grow to $150,000?
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Show that the only rational solution to $e^x = x^{3/2} + \frac{1}{2}$ is $x=0$.
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The MarketPlace, Inc. has a capital structure, based on current market values, that consists of 30 percent debt, 15 percent preferred stock, and 55 percent common stock. If the returns required by investors are 10 percent, 12 percent, and 15 percent for the debt, preferred stock, and common stock, respectively, what is...
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If a firm uses a job costing system, it must also use a process costing system. a. True b. False
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What do you think of Schizophrenia, or "Dishonored" (Stigma)? How can we reduce this social problem?
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Which statement made by the PMHNP exemplifies correct teaching of physiological effects in the body? A. Muscarinic antagonists are more likely to cause decreased prolactin levels. B. D2 antagonists decrease the likelihood of EPS symptoms. C. D2 antagonism is linked to antidepressant properties. D. D2 partial agonis...
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Company A's current ratio is 1.8, while company B's current ratio is 1.3. Both companies have the same sales, but company A has a higher net profit margin than company B. Company A's ROE is: a. lower than that of company B. b. higher than that of company B. c. the same as that of company B. d. possibly higher or po...
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Is there a combinatorial proof that $\frac{1}{2^{n}}\cdot\sum\limits_{k=0}^nC_n^k \cdot \sqrt{1+2^{2n}v^{2k}(1-v)^{2(n-k)}}$ tends to 2 as $n$ tends to infinity for $v\in (0,\, 1),\ v\neq 1/2$? How would you solve this problem?
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If fiscal and monetary policies are both expansionary, then aggregate demand will _____ and aggregate supply will _____ in the short run. a. increase; increase b. increase; decrease c. decrease; increase d. decrease; decrease e. not change; increase
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In their initial brainstorming session, the clients present the _____ stage of creative thought. a. incubation b. orientation c. approach d. preparation
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On January 1, 2014, a company issued $500,000 face value, 5%, 10-year bonds at par value. Interest is paid semiannually on January 1 and July 1. The bond issue is properly classified in the company's financial statements as: a) A current liability on both the December 31, 2014, and the December 31, 2015 balance sheets...
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One can use a market value or book value to compute the following ratio, except: a. Leverage ratio b. Asset turnover ratio c. Equity multiplier ratio d. Return on sales ratio
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A firm in a competitive industry has the following cost function: {eq}C(y) = 2y^2 + 5y + 70 {/eq} The corresponding supply function is given by: a. {eq}P = 5 + 2y {/eq} b. {eq}P = 4y + 5 {/eq} c. {eq}P = 2y + 5 {/eq} d. {eq}P = y^2 + 70 {/eq}
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Evaluate the integral using the given substitutions: {eq}\displaystyle \int \dfrac {(3 x^2 + 10 x)\ dx} {x^3 + 5 x^2 + 18 } {/eq}, substitution {eq}u = x^3 + 5 x^2 + 18{/eq}.
ln|x^3+5x^2+18|+C
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Consider a project that requires an after-tax cash outlay of $220,000 and after-tax operating cash inflows of $100,000 in year 1, $100,000 in year 2, and $100,000 in year 3. Assume the discount rate is 10%. If the project has been overestimated and the year 3 inflow will be only $50,000, then the incremental IRR betwee...
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Martinez Company produces a single product that it sells for $69.00 per unit. Variable costs are $27.00 per unit, and fixed costs are $185,250. Martinez has no beginning inventory. Compute the number of units that it must sell to break even. Number of unitsto break evenunits
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When a sample is selected from a population, what determines the probability of selecting a sample with a particular characteristic? a. The size of the population. b. The sample size. c. The proportion of the population with that characteristic. d. None of the above.
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Using the price-demand equation x = 8,600 - 30p + 3 {eq}p^2 {/eq}, find the number of units that the supplier will make available in the market when the unit price is $32. (Round the answer to the nearest unit.)
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The most useful information for evaluating the financial flexibility of a company is: A. debt maturity analysis B. free cash flow C. interest coverage ratio D. debt-to-equity ratio
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For what range of values of p does the following series converge? {eq}\sum\limits _{n = 1}^{\infty }\frac{1}{n^pln(x)} {/eq}
p>1
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Yolanda took $5,000 from her checking account and put the money in her wallet. A. Neither M1 nor M2 changed. B. Both M1 and M2 were reduced by $5,000. C. M1 and M2 both rose by $5,000. D. M1 went down by $5,000, but M2 was unchanged.
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You choose left tail test that difference between two samples' means is bigger or equal than zero, with {eq}\alpha=0.05{/eq}. Given the data for new and old machinery packing times, what is the conclusion? New machinery, time in minutes: 42.1, 41, 41.3, 41.8, 42.4, 42.8, 43.2, 42.3, 41.8, 42.7 Old machinery, time in m...
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Find a sample size that will ensure a margin of error of at most 0.01 for a 99% confidence interval, given that the proportion of all homeowners who have vegetable gardens is estimated to be 0.42.
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If a company pays the amount it has budgeted for dividends, its retained earnings: a. will decrease. b. may increase or decrease depending on operating cash flow. c. will increase. d. will not change.
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The Yoda Soda Co. has a capital structure, based on current market values, that consists of 40 percent debt, 30 percent preferred stock, and 30 percent common stock. If the returns required by investors are 10 percent, 12 percent, and 15 percent for the debt, preferred stock, and common stock, respectively, what is Yod...
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What will the pH be if 0.0100 mol HA (pKa = 2.00) and 0.0100 mol A{eq}^- {/eq} are mixed together to make a 1.00 L solution?
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How do you find the limit of #(1+3/n)^n# as n approaches #oo#?
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If the price level decreases, then the budget constraint rotates: A. out and to the right B. in and to the right C. out and to the left D. in and to the left
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The board of governors consists of 7 members chosen by the President and approved by the Senate to 14-year terms. The board has been criticized for a. not rotating the members so that each Fed president has an opportunity to chair the Federal Open Market Committee (FOMC). b. mostly being made up of economists with li...
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Which of the following is the best initial reaction to stress? A. Stay with your senses B. Smell something floral C. Take a breath D. Breathe
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Find the limit of {eq}(1 + \frac {1}{x})^{x^2}{/eq} as x approaches infinity.
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Using the definition of the limit of a sequence and Bernoulli's inequality, prove that the limit of $\sqrt[n]{3}$ is 1. Specifically, given that $\forall \epsilon > 0 \exists N \in \mathbb{N} \forall n > N : |\sqrt[n]{3} - 1| < \epsilon$, and knowing that $\sqrt[n]{3} < \epsilon + 1$, how do I use Bernoulli's inequalit...
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How many ounces of a 35% gold alloy must be added to 14 ounces of a 10% gold alloy to make a gold alloy that is 21%?
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How is the elasticity of demand with respect to price (E_D) along the length of the demand curve mathematically derived?
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Sally's Bellflower Company is a manufacturer of specialty gloves that are sold to department stores. All direct materials are added at the beginning of the production process. The company uses a weighted-average process-costing system. During May, the following activity was recorded by the company: Un...
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A new smartphone has been developed with a new type of power supply. To evaluate the mean lifetime u of this battery, a sample of n batteries is selected at random and is tested for their lifetimes. Consider the following null and alternative hypotheses: Ho: u = 25 hours and Ha: u > 25 hours. If the sample data leads t...
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Suppose that an economy's real GDP is $30,000 in year 1 and $35,000 in year 2. Which of the following is true? A) The economy's productivity must have increased between year 1 and year 2. B) The LRAS curve would shift to the right between year 1 and year 2. C) The LRAS curve would shift to the left between year 1 an...
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Is it possible to approximate the series $$ \sum_{i=0}^{\infty} \sum_{j=0}^{\infty}a^ib^j $$ in a similar way to the Neumann series, where the formula is the limit of the series as the terms approach infinity, given that $a$ and $b$ are both fractions?
\frac{1}{(1-a)(1-b)}
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Let {eq}V=\Gamma(3,4) {/eq} and {eq}W=\Gamma(5,2){/eq}. Then, find {eq}Pr(V > W){/eq}.
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A passenger on a spaceship traveling at {eq}0.95c{/eq} relative to the earth measures its length to be {eq}80\ m{/eq}. What is the length of the spaceship as measured by a person on earth?
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The current price of a 1000, 5.2 percent bond with 10 years to maturity is 1045.36. What is the yield to maturity?
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Calculate the Riemann sum {eq}R(f, P, C){/eq} for {eq}f(x) = 2x + 3; \; P = \{1, \; 1.6, \; 2.5, \; 3\}; \; C = \{1.5, \; 2, \; 3\}.{/eq}
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When hiring employees, John generally makes a job offer to the first person who meets the basic selection criteria. John is _____. a. satisficing b. optimizing c. making a premature evaluation d. All of the above.
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With respect to the prepaid income from services, which one of the following is true? a. The treatment of prepaid income is the same for tax and financial accounting. b. A cash basis taxpayer can spread the income over the period services are to be provided if all of the services will be completed by the end of the t...
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I'm trying to calculate the area of the fundamental domain generated by $z\mapsto 2z$ and $z\mapsto z+1$, as a complex integral. I parametrised the boundary of this domain as $\gamma(t)=e^{2\pi it}+i2\pi t$ for $0\leq t\leq 1$. Then I evaluate the integral $$\frac{1}{2\pi i}\int_{\gamma}\frac{dz}{z}= \frac{1}{2\pi i}\i...
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I need help determining which answer is correct. A company has total costs of $50,000, which includes fixed costs of $20,000, and total revenues of $75,000. The company's marginal cost is $3, and the current marginal revenue is $5. How much would the company's profits increase if it manufactured and sold one more uni...
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In the New Keynesian model, because prices are sticky, a shock to aggregate demand: A) increases only output, not the price level. B) increases both output and the price level. C) reduces both output and the price level. D) reduces only output, not the price level.
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On January 1, 2014, Rodecrest Inc. issued $800,000 of 6%, 10-year convertible bonds for $681,033. Each $1,000 bond is convertible into 30 shares of $1 par value common stock. The present value of the principal amount of the bonds at maturity is $600,000 and the present value of the interest is $120,000. The total amo...
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Toro Industries reports the following amounts in its 2010 fiscal year-end balance sheet and income statement. Ending Balance Sheet Amounts:Beginning Balance Sheet Amounts: Current assets$4,450,000$4,080,000 Fixed assets (net)9,800,0008,750,000 Total assets$14,250,000$12,830,000 Liabilities and shareholders' equity: ...
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You are considering an annuity which costs $160,000 today. The annuity pays $18,126 a year at an annual interest rate of 7.50 percent. What is the length of the annuity time period?
15
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This type of insurance plan will allow the insurance company to provide financing over a period of time for purchases of new homes and in some cases, apartments and mobile homes. a. Homeowners insurance b. Fire insurance c. Auto insurance d. Renters insurance e. Universal life insurance
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Matti Corp. is investigating buying a new machine for $10,000. The machine would have a useful life of five years with no salvage value. The machine would reduce labor and other operating costs by $3,300 per year. The internal rate of return on the investment in the new machine is closest to: a. 6% b. 8% c. 16% d. ...
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Mystical Metals uses the LIFO inventory method. Sales for 2018 totaled $489,000. Beginning and ending inventory in 2018 were $28,000 and $37,000, respectively. Beginning and ending inventory in 2017 were $23,000 and $32,000, respectively. What is Mystical's income tax expense for 2018 assuming the tax rate is 30%? a) ...
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In the AD/AS model when aggregate demand (AD) shifts to the left, an economy is likely to experience A. deflation as both prices and output levels decline. B. deflation as prices decline but output levels remain the same. C. inflation as prices rise due to reduced output. D. higher employment as prices decline and ...
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State the incorrect answer for the following question: The main components of developmental policy in Singapore. Eliminate the incorrect answer. a. The highest electronics export per capita in the world. b. State firms produce 60% of the GPD. c. Very high wages for efficient managers. d. Forced saving and high qua...
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Dani Rodrik points out that a. an economy more open to foreign trade and investment faces a more inelastic demand for unskilled workers. b. employers and consumers can more readily replace domestic workers with foreign workers by investing abroad or buying imports. c. globalization increases job insecurity. d. fina...
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Which of the following would not appear on the income statement? a. Cost of Goods Sold b. Operating Expense Budget c. Budgeted Contribution Margin d. Budgeted Profit from Operations
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Find {eq}f'(x) {/eq} for {eq}f(x) = \int^1_x e^{t^2}dt {/eq}.
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A person's overall on-time performance for an entire year will most likely be measured by: a. an employee's performance appraisal. b. the organization's KPIs. c. the organization's quality performance indicators. d. all of the above.
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The comparative financial statements of Marshall Inc. are given in the following tables. The market price of Marshall's common stock was $72.00 on December 31, 20Y2. Determine the Price/earnings ratio for 20Y2. Assume a 365-day year. Marshall Inc.'s Comparative Retained Earnings Statement For the Years Ended Dece...
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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 $20,000, direct labor $12,000, and manufacturing overhead $16,0...
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In a steady state of an economy, if k = 8, y = 20, and s = 0.2, what is c? a. 24 b. 20 c. 16 d. 12
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One piece of equipment provides the following information: Inventory of equipment, January 1, 2014 (cost) $100,000 Inventory of equipment, December 31, 2014 $150,000 Depreciation expense for 2014 $15,000 How much cash was paid for the equipment during 2014?
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What is the probability that the sample average is between 35000 and 37500 if a random sample of 20 private colleges is taken from a population of private colleges with an average cost of {eq}\$36,000 {/eq} per year and a standard deviation of {eq}\$5000 {/eq}?
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How do I show that the minimum of the function $f (x) = x^2 y^2$ subject to $2x + y = 8$ is $81$ using the method of Lagrange multipliers, and how do I ensure that this is indeed a minimum?
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A company is considering using an automated machine in its factory. The machine will cost $73,000 and will have a 15% salvage value at the end of its life. The machine is estimated to be used for 8,000 units during year 1, 10,000 units during year 2, and 6,000 units during year 3. The machine has an estimated 4-year us...
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How large a sample must you draw to be 90% confident the estimate of μ is within 0.17 of the true μ, given σ = 12?
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Let C be the curve y = x^4 from (0, 0) to (1, 1). F(x, y) = (10x + y, x). Calculate \int_C F \cdot d \sigma.
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Jane's Bookk Store has the following inventory data: Jan. 1, Beginning inventory: 20 units at $15 Mar. 7, Purchase: 70 units at $20 Aug. 22, Purchase: 30 units at $25 Dec. 31, Purchase: 40 units at $30 A physical count of inventory on December 31 reveals that there are 55 units on hand. What is the amount of ending ...
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Delilah's Sweet Acacia specializes in the manufacture of plastic food-storage containers. Each container requires 0.20 hours of direct labor per unit. The standard direct labor wage rate is $14.75 per hour. What is the standard for direct labor cost per container?
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Assume there is a significant increase in the number of years in which companies have to write down the value of their plant and equipment because of changing technology. What effect will this have on investment spending? a. Investment spending will become more volatile b. Investment spending will become less volatil...
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How does one show that $\iiint_Q (x+y+z)dx dy dz=0$, where $Q$ is the solid obtained by rotating about the z-axis the portion of the plane $x+y+z=1$ in the first quadrant?
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What is the most important factor in determining whether groups or individuals are better at creative problem solving? A. The nature of the problem. B. The level of expertise of the members. C. The type of thinking required. D. The context of the problem.
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The following examples briefly describe the manufacture of two different products. Which costing method (job-order or process) would be the best method to use for each project? I. Steven Lawless manufactures Lawless Fine Wine Coolers. Steven once made the statement, "People can have any flavor of Lawless Fine Wine Coo...
C
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If the marginal utility of good X is 100, and the price of good X is $4 per unit, while the marginal utility of good Y is 120, and the price of good Y is $5 per unit, then to maximize utility the consumer should buy: a. more X and less Y. b. more Y and less X. c. more X and more Y. d. less Y and less X. e. This is...
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Use the foreign-currency exchange market to explain what happens to the quantity of a foreign currency supplied, the quantity demanded, and the exchange rate when the a. U.S. economy grows faster than other countries' b. People's wealth rises because of the discovery of gold and stocks in foreign-owned companies c. ...
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Heavy Corporation uses the perpetual inventory method and engaged in the following transactions: Sold merchandise that had a cost of $55,000 for $90,000 on account. Received cash for $60,000 of accounts receivable. Bought inventory for $45,000 cash. Assuming no other changes, which of the following is true about th...
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For the regression equation {eq}y = 32 + 7x {/eq} which of the following statements are true? A) The slope is 7. B) The {eq}y {/eq}-intercept is 32. C) The regression equation will make sense only for values of {eq}y {/eq} between 32 and 7. D) A and B only. E) A and C only.
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The Weights of the fish in a certain lake are normally distributed with a mean of 19lb and a standard deviation of 6. If 4 fish are randomly selected, what is the probability that the mean weight will be between 16.6 and 22.6 lb?
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The Greene Co. started using the dollar-value LIFO method of inventory in 2005, with an ending inventory of $100,00. In 2006 the amount of inventory in base-year dollars increased by $40,000. In 2007 the amount of inventory in base-year dollars decreased by $30,000. Which of the following is true when computing the end...
c
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A properly prepared final report in a field investigation should: a. Contain graphs, charts, and tables to help clarify your report. b. Contain a description of the intervention and its effects. c. Include a comparison of the hypotheses with the established facts. d. Conclude with a summary and recommendations for ...
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Presented below is the income statement for Wilden Corporation for 2012: Sales $168,000; Variable costs (60%) $100,800; Fixed costs $42,000; EBIT $25,200; Interest expense $9,450; Taxes (30%) $5,493; Net income $10,257. Required: What is Wilden's degree of financial leverage? a. 2.25 b. 3.66 c. 2.17 d. 2.68
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Compute the probability that a random sample of n = 20, taken from a normal population with a mean of 80 and a standard deviation of 24, will have a mean less than 64.
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What is the final temperature when 20.0 g of water at 25 degrees celsius is mixed with 30.0 g of water at 95 degrees celsius?
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You are testing {eq}H_0: \mu = 50 {/eq} versus {eq}H_a: \mu > 50 {/eq}. If {eq}\alpha = 0.05, \bar x = 52.4, \sigma = 14, n = 10 {/eq}, find the {eq}p{/eq}-value.
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Cartels are difficult to maintain because a) laws often prohibit explicit collusive agreements among competing firms. b) there is always tension between cooperation and self-interest in a cartel. c) cartel agreements are difficult to enforce.
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Fruits from a particular tree are normally distributed in size, with a mean weight of 210g and a standard deviation of 20g. If you pick 25 fruits at random, what is the probability that the mean weight of the sample will be between 215 grams and 225 grams?
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Calculate the product of the following matrices, if possible: {eq}J = \begin{bmatrix} 3 & 2 \\ 1 & 4 \end{bmatrix} \cdot I = \begin{bmatrix} 1 & 0 \\ 0 & 1 \end{bmatrix} {/eq}
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Shirley's Salon is considering opening a new location in Pompadour, California. The cost of building a new salon is $255,100. A new salon will normally generate annual revenues of $70,100, with annual expenses (including depreciation) of $40,800. At the end of 15 years, the salon will have a salvage value of $68,900. C...
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Retail Method: Beginning inventory at retail is $200,000, net purchases at retail is $600,000, and ending inventory at retail is $500,000. If beginning inventory at cost is $140,000 and net purchases at cost are $450,000, determine cost of goods sold.
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On January 1, 2017, Co. purchases Co. for $1,500,000 in cash. Co.'s balance sheet dated December 31, 2016, reports $1,250,000 in total net assets. An analysis conducted by Co. on December 31 suggests that the book value of Co.'s tangible assets is $120,000 lower than their fair value. This analysis also indicates that ...
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We are to calculate how many 14 steps paths are possible on a 6 x 6 grid (composed of 7 horizontal lines and 7 vertical lines) where the path never returns to the same intersecting point, allowing movement in all four directions (up, down, right, left but no diagonal). The given answer is $$C(12, 8) \times C(8,7) \time...
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I understand that the Standard error of the slope $\beta_1$ is related to the $r^2$ value of the model, but can you explain what $1-r^2$ represents in the formula: $$\textrm{se}(\beta_1) = \sqrt{\frac{(1-r^2) \textrm{var}(x)}{n}}?$$
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The cash realizable value of trade receivables includes: a) a provision for doubtful debts. b) bad debts written off during the year. c) allowances granted to customers during the year. d) current fair value of trade receivables.
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Which of the following would not be considered a purchase transaction? A. Goods returned to a supplier. B. Purchase of goods on account. C. Receiving of goods in trade for an account payable. D. Payment of cash for inventory.
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Solve the system $$\sin{\frac{1}{x}}\cos{y}=\sin{\frac{1}{y}}\cos{x} $$ $$\left|\sin{x}\right|+\left|\cos{y}\right|=1$$ $$\left|\sin{y}\right|+\left|\cos{x}\right|=1$$ where $x,y\in \mathbb{R}$
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Suppose the own-price elasticity of market demand for retail gasoline is -0.6, the Rothschild index is 0.4, and a typical gasoline retailer enjoys sales of $1,800,000 annually. What is the price elasticity of demand for a representative gasoline retailer's product? Round your answer to 2 decimal places.
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