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The market supply and demand functions are given by {eq}Qs=4p-80{/eq} and {eq}Qd=100-2p{/eq}, where {eq}p{/eq} is the market price. What are the market equilibrium price and quantity?
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Which of the following statements is incorrect? A. Decreasing the sample size while keeping the confidence level the same would lead to a wider confidence interval. B. Increasing the confidence level while keeping the sample size the same would lead to a wider confidence interval. C. Increasing the sample size while...
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A natural monopoly, such as a local electricity provider, is the result of: i. a firm owning or controlling a key input used in the production process. ii. economies of scale existing over a wide range of output. iii. long-run average total costs declining continuously as output increases. iv. long-run total costs ...
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Suppose that the U.S. dollar decreases in value relative to foreign currencies. If the level of all prices in the United States remain unchanged, what impact would this have on the U.S. economy? a. Domestic demand for U.S. goods would increase. b. Foreign demand for U.S. goods would increase. c. Domestic demand for ...
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The kinked demand curve depicts _____. a. cut-throat competition b. cartels c. collusive oligopoly d. price leadership
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When the total utility curve is at its maximum, _____. a. Marginal utility must be at its maximum. b. Marginal utility is negative and increasing. c. Marginal utility is zero. d. Total utility is negative and increasing. e. Marginal utility is negative.
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Compute the line integral of the vector field \(\vec F(x,y)=(x^2-y^2)\hat i + 2xy\hat j\) around the perimeter of the triangle with vertices (0,0), (2,0) and (2,3), traversed in that order.
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For any cyclic subgroup $H \le S_4$, what are the possible orders of $N(H)$? How does the order of $H$ relate to the possible orders of $N(H)$?
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If the Fed increases the supply of money in the market, bond prices will {eq}\rule{0.5in}{0.3pt} {/eq} and interest rates will {eq}\rule{0.5in}{0.3pt} {/eq}. a) fall; rise b) rise; rise c) rise; fall d) fall; fall
c
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Toyota customers have a wide range of preferences. Some prefer the fuel economy of a hybrid (Prius), some prefer a family van (Odyssey), and others may prefer a large SUV (Highlander). This is an example of: a. Horizontal differentiation. b. Segmentation. c. Vertical differentiation. d. Mass customization. e. Diff...
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How many bases are there for a 4-dimensional space which has as a basis $v_1,v_2,v_3,v_4$, where $v_1= (1,1,1,1)$, $v_2 = (1,1,1,0)$, $v_3=(1,1,0,0)$, and $v_4=(1,0,0,0)$?
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In the final analysis, when standards are based on expected capacity, the responsibility for variances is placed primarily on: A. both management and the workers. B. neither management nor the workers. C. management. D. the workers.
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If Congress increased government spending and allowed the money supply to grow by more than the amount of the spending increase, how would this affect real GDP according to the New Classical point of view? a. Real GDP would increase more than it otherwise would. b. Real GDP would increase but not as much as it otherw...
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You are considering purchasing and renovating a duplex. You analysis indicates the based on rental history in the surrounding area the project should produce an IRR of 10 percent. Financing of the project will be accomplished with a mortgage of $90,000 (percent of the net purchase price plus improvements) which represe...
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What will be the output of the program ? #include<stdio.h> void swap(char *, char *); int main() { char *pstr[2] = {"Hello", "IndiaBIX"}; swap(pstr[0], pstr[1]); printf("%s\n%s", pstr[0], pstr[1]); return 0; } void swap(char *t1, char *t2) { char *t; t=t1; t1=t2; t2=t; } Options are: an...
C
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Mikkelson Corp. reported sales of $100 million last year and had a net profit of $10 million. The company currently has 20 million shares of common stock outstanding. Which of the following represents the company's most recent price/earnings ratio? a) $0.50 b) 2 c) 5 d) 10 e) 20
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I did something really stupid, but I wanted to know if there's a way I could counter that to increase my savings, and if so, how. So I put $2,000 into a money market account for the week and didn't withdraw it. My MSA rate is 40% and the local rate is 3.3%. I rolled over the funds into a new MSA for another week and t...
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A firm's _____ is the quantity of output for which the total cost of production is equal to the firm's total revenues. A. margin of profit B. optimum point of production C. break-even point D. excess capacity
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The manager of Hospital 7 is investigating the possibility of adding a new service, X-ray. The initial investment would be $2,500,000 for equipment and the annual cost would be $1,000,000. The discount rate for this type of project is 8.25%. The expected life of this project is 4 years. What is the annual revenue that ...
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Suppose that the set $S = \{v_1,v_2,v_3\}$ is linearly dependent, and suppose that $v_1\ne 0$. Which of the following statements is/are true? I. $S\backslash \{v_1\}$ is linearly dependent. II. There exist scalars $c_1,c_2,c_3$ not all zero such that $c_1v_1 + c_2v_2 + c_3v_3 = 0$. III. $v_3$ is a linear combination of...
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Consider the following statements: Marginal Cost is the cost to produce one more item. Marginal Cost is the variable cost where {eq}\displaystyle C(q) = mq + b {/eq} is our model. Marginal Revenue is the revenue obtained by producing one more unit. Marginal Cost = Marginal Revenue Always. How many of the above st...
b
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At year end the total value of the Alton Co stock was $60,000,000. The balance of the account payable was $6,000,000. Assuming a tax rate of 35%, what is Alton's tax shield from the account payable? A. $1,800,000 B. $2,100,000 C. $180,000 D. None of the above.
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At what time do the 3-month and 6-month bonds offer the same yield, and what is that yield? Interest rates Maturity 3 months 6 months 1 year 2 years 3 years 4 years 5 years 97.231 95.537 90.701 82.426 73.995 65.561 56.877 Interest rates 10 years 20 years 30 years 91.008 82.604 69.237
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Last year, the standard deviation in the age of all 500,000 pension plan participants in Midwestern Mutual Fund's retirement plan was 6.8 years. In a sample of 25 plan participants taken this year, the standard deviation was 7.2 years. What is the probability that a sample of this size would result in a sample standard...
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Chalanda Company sold 11,400 units of product last month and incurs the following costs: Fixed ($) Variable ($) Total ($) Direct materials - $185,400 Direct labor $365,100 - $550,500 Fixed manufacturing overhead $142,500 - $142,500 Fixed selling $65,300 - $65,300 Fixed administrative $42,600 - $42,600 Total ...
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Which of the following statements is true of currency exchange risks? A) If a company makes or receives payments for export and import transactions in a domestic currency, then it is said to have a domestic currency exposure. B) When the exchange rate of a domestic currency rises against foreign currencies, this is k...
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Use the integral test to find the values of {eq}\; p \; {/eq} for which the series {eq}\; \sum_{n=2}^{\infty} \frac{1}{n(\ln n)^{2p + 1}} \; {/eq} converges.
p > 0
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Given a normal distribution with a mean of 100 and a standard deviation of 10, what proportion of the values in this distribution are below 85?
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Which of the following is a legal corporate form of organization that is owned by its shareholders? A) a corporation B) a partnership C) a sole proprietorship D) a limited liability company
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Assume that average selling prices in the United States and Brazil for a certain type of clothing are related by the equation p= 60 -0.25x where p is the selling price of the clothing in Brazil (in reais) and x is the selling price in the United States (in dollars). Assume that average prices in the United States are...
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Compute the inverse $[a]_{i,j}^{-1}$ of $[a]_{i,j}$: $[a]_{i,j}=\sum_{k=1}^{i-1}\sum_{r=1}^{j-1}\frac{(k+r)!}{k!r!}$.
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If the number of pollution rights available increases in a tradable emissions permit system, then the equilibrium price of the permits............ and the equilibrium quantity ................(Choose one answer). A. Increases; increases B. Decreases; increases C. Decreases; does not change D. Increases; does not ch...
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Suppose the own price elasticity of market demand for retail gasoline is -0.6, the Rothschild index is 0.5, 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? Instruction: Round your answer to 2 decimal places
-1.2
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Use the differential dy to approximate Δy when x changes as indicated. y = x/(x^2+1) ; from x=2 to x=1.96
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The name economists give the process by which stockholders gather information by frequent monitoring of the firm's activities is: A) costly state verification. B) the free-rider problem. C) costly avoidance. D) debt intermediation.
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At the time of maturity, a bond will always have a current yield that _____ its market interest rate. A) is higher than B) is lower than C) is equal to D) may be higher than or lower than
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Use the triple integral to find the volume of the solid bounded by the surface {eq}z = 16 - y^2{/eq} and the planes x = 0 and y = 0 in the first octant.
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You expect KT Industries (KTI) will have earnings per share of $3 this year and expect that they will pay out $1.50 of these earnings to shareholders in the form of a dividend. KTI's return on new investments is 15% and its equity cost of capital is 12%. What is the value of a share of KTI's stock?
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What is the distance around the graph {eq}r = 3 \sin(\theta)?
3pi
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Find the arc length of the curve defined by the parametric equations {eq}x=3t^{2}+1, y=2t^{3}-1{/eq} on the interval {eq}0 \leq t \leq 3{/eq}.
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Choose the internal control procedure to the error, misstatement, or other problem that it is trying to detect or prevent. An organization requires that all purchases above a certain dollar amount must be approved by a manager. A. The separation of duties is meant to safeguard assets. B. Prevention of unauthorized u...
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Monetary policy has a _____ effect on aggregate demand in a(n) _____ economy, and fiscal policy has a _____ effect on aggregate demand in a(n) _____ economy. a. weaker; open; weaker; open b. weaker; closed; weaker; closed c. stronger; closed; weaker; open d. stronger; open; weaker; open
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The cash conversion cycle: a. is a measure of the firm's overall financial performance. b. shows the number of days that a dollar of sales is in the firm before it is converted to cash. c. reveals the length of time that the firm financing its investments must wait to receive payment for its goods and services. d. ...
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A company had a net income of $890,000. Depreciation expense is $110,000. During the year, accounts receivable and inventory increased $60,000 and $160,000, respectively. Prepaid expenses and accounts payable decreased by $8,000 and $16,000, respectively. There was also a loss on the sale of equipment of $12,000. How m...
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Compute the net outward flux across {eq}\displaystyle x^2 + y^2 = 4 {/eq}, with {eq}\displaystyle F = \langle x,\ y^2 \rangle {/eq}, using one of the integrals in the flux form of Green's Theorem.
0
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Use series to evaluate {eq}\int_0^1 x^3 e^{x^4} dx{/eq}
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Lansing Company's 2015 income statement and selected balance sheet data (for current assets and current liabilities) at December 31, 2014 and 2015, follow. Calculate the cash payments for rent using direct method for the year ended December 31, 2015. LANSING COMPANY Income Statement For Year Ended December 31, 2015 ...
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Sutton Corporation, which began business at the start of the current year, had the following data: Net Income, $201,000 Depreciation expense, $16,000 Decrease in accounts receivable, $4,000 Increase in inventory, $6,000 Increase in accounts payable, $4,000 The net cash flows from operating activities reported on ...
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What is the value of $\displaystyle\lim_{x\to\infty} \frac{\sin(x)}{x}$?
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The accountant for Janet's Designs reported the following information for 2015: Sales $420,000 Cost of Goods Sold $270,000 Gross Margin $150,000 Operating Expenses $90,000 Operating Income $60,000 Interest expense $18,000 Net Income $42,000 In 2016, Janet's Designs desires a 15% increase in net income w...
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The income statement of Dolan Corporation for 2017 included the following items: Interest revenue$141,000 Salaries and wages expense$210,000 Insurance expense$21,200 The following balances have been excerpted from Dolan Corporation's balance sheets: December 31, 2017 December 31, 2016 Interest receivable $18,200$...
22000
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Management decided to test the assets of the division for possible impairment. The test revealed the following: book value of division's assets, $29.5 million; fair value of division's assets, $22.5 million; sum of estimated future cash flows generated from the division's assets, $30 million. What amount of impairment ...
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What is the slope of the tangent line at the origin for the curve r = cos (3θ) ?
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On January 1, 2020, Smith Corp. issues its first bond issue in the form of 5, 10 percent, $1,000 face value bonds maturing on December 31, 2024. The bonds were issued to yield 12 percent. Smith uses the straight-line method of amortization and determines interest at year-end. Which of the following statements is true?...
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Which of the following statements about oligopoly are true: a. There are only a few firms in the industry. b. Each firm has some market power. c. Barriers to entry are low. d. None of the above.
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Find $\lim \limits_{n\rightarrow \infty} \left| \frac{(n + 1)^{n + 1}}{(n + 1)^{2n + 1}} \cdot \frac{(2n)!}{(2n)^n} \right|$.
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Determine the acute angles between the curves y = 5x^2 and y = 5x^3 at their points of intersection. (The angle between two curves is the angle between their tangent lines at the point of intersection. Give your answers in degrees, rounding to one decimal place.)
1.9 degrees
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Direct Materials $5.70 per unit Direct Labor $3.60 per unit Variable Overhead $2.00 per unit Fixed Overhead $66,600 per year The company sold 34,000 units during the year and incurred operating expenses of $202,000. If 16,000 units remain unsold at the end of the year, what is the total amount of inventoriable cos...
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While hiring a new worker, a firm will pay a little higher wage than the prevailing market rate if: a. the expected marginal revenue is positive. b. the market demand for a new worker is low. c. the labor market is less competitive. d. the supply of workers is very high.
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KTC Inc. reports the following results for 2013: Net Sales = $10,180,000 Cost of Goods Sold = $5,720,000 Depreciation Expense = $620,000 Administrative and Selling Expenses = $692,000 Interest Expense = $390,000 Income Taxes = $520,000 What is KTC's times interest earned for 2013?
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Find the charge on the capacitor in an LRC series circuit when L = 0.02 h, R = 40 Ω, C = 0.001 f, E(t) = 150 V, q(0) = 0.5 c, and i(0) = 0.
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What are the effects on the mean and standard deviation when a constant is added to or subtracted from each value in a data set? a. subtracting a constant increases the mean and standard deviation b. adding a constant increases the mean but does not change the standard deviation c. adding or subtracting a constant d...
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Taco Corporation produces a part used in the manufacture of one of its products. The unit product cost is $26, computed as follows: Direct materials$10 Direct labor7 Variable manufacturing overhead1 Fixed manufacturing overhead8 Unit product cost$26 An outside supplier has offered to provide the annual requirement of...
B
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The thin rod of length L = 2.71 m is uniformly charged and has a total charge of Q = +2.71 * 10^-12 C. The rod lies along the x-axis with its center at the origin. Choose a reference point at infinity so that the electric potential at the origin is positive. The potential at the origin is closest to: a) +13 V. b) +15...
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Gee Company's accounting records and financial statements reported the following: Cash paid to acquire machinery $70,000 Proceeds from sale of land 80,000 Loss from the sale of land 5,000 Cash paid to acquire trademark 38,000 Treasury stock purchased for cash 50,000 Dividend revenue received 20,000 Gee prepares its f...
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Which of the following companies is likely to have a higher beta, and thus a higher cost of capital? a. An auto manufacturer who runs an assembly line with union workers b. A 'high-tech' auto manufacturer with a fully automated line requiring only a handful of nonunion workers.
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An investor in Treasury securities expects inflation to be 2.0% in Year 1, 3.0% in Year 2, and 4.75% each year thereafter. Assume that the real risk-free rate is 1.65% and that this rate will remain constant. Three-year Treasury securities yield 6.45%, while 5-year Treasury securities yield 8.05%. What is the differen...
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A 100-turn square wire coil of side 25 cm is oriented with its plane perpendicular to a magnetic field that increases uniformly from 0.5 T to 3.0 T in 0.65 s. What is the induced emf in the coil?
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Which one of the following types of liabilities represents a duty not contractually present but which may nevertheless exist due to ethical principles of fairness? A) Deferred credits B) Constructive obligations C) Equitable obligations D) Contingent liabilities
C
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Two long, straight wires, each carrying a current of {eq}6\,\mathrm{A} {/eq}, are oriented perpendicular to the xy-plane and intersect the x-axis at {eq}x = -50\,\mathrm{cm} {/eq} and {eq}x = +50\,\mathrm{cm} {/eq}. A particle with a charge {eq}q = 4\,\mathrm{\mu C} {/eq} and a mass {eq}m = 20\,\mathrm{g} {/eq} en...
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Which of the following would result in an increase in the money supply? A. A decrease in reserves required by the Federal Reserve B. A sale of government securities by the Federal Reserve C. A purchase of government securities by the Federal Reserve D. An increase in the discount window rate
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Timberlake-Jackson Wardrobe Co. had the following data for the month: Variable costs per unit: Direct materials $4.60 Direct labor 5.80 Variable overhead 3.40 Variable selling expenses 1.60 Fixed overhead is $3,100 per month; it is a...
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If you have a series of cash flows, each of which is positive, you can solve for I, where the solution value of I causes the PV of the cash flows to equal the cash flow at time 0. a. True b. False
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Which of the following is LEAST likely to be considered by employers during the process of workforce planning? A) personnel needs B) organizational culture C) supply of inside candidates D) supply of outside candidates
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Find {eq}\frac{dH}{dx}{/eq} , {eq}x=5{/eq} given {eq}f(5)=6, f'(5)=5, f(31)=6, f'(31)=5, g(5)=6, g'(5)=-3,{/eq} and {eq}H(x)=f(x^2+g(x)) {/eq}
35
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On February 2, your firm purchases 100 pounds of pitted olives from Spain at a price of 22 euros per pound with payment due in 60 days. On February 2, the forward exchange rate for 60 days is $1.16/pound. On the same day, you sell one 60-day call option on euros with a strike price of $1.25/pound for a price of $0.01/...
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A British investor anticipates receiving a sum of money in pounds in the future. The investor has a choice of either putting the money in a risk-free investment in the United Kingdom or investing it in a US risk-free investment. If the investor chooses the US investment, which of the following will be true? a) The dol...
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Using the definitions of sinh z and cosh z, show that d dz (cosh z) = sinh z.
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The assignment of direct and indirect materials to cost object reduces the: a) raw materials inventory account. b) work in process inventory account. c) finished goods inventory account. d) manufacturing overhead account.
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The following are Zeller Corporation's unit costs of making and selling an item at a volume of 8,100 units per month (which represents the company's capacity): Manufacturing: Direct materials $2.20 Direct labor$2.90 Variable overhead$1.40 Fixed overhead $0.60 Selling and administrative: Variable $2.50 Fixed...
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The estimate of the population proportion should be within plus or minus 0.06, with a 95% level of confidence. The best estimate of the population proportion is 0.17. How large a sample is required?
151
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Why does Mathematica give me an answer of {0} for the integral $\int_0^1\log(\sin(1)-\sin(x)) \, dx$?
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The Uniform Commercial Code states that specific goods: a) Are those identified to the buyer or clearly capable of being identified to the buyer. b) Are those to which a contract for sale has not been concluded. c) Include only new goods. d) Include only goods that are admissible in evidence.
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Which of the following statements regarding atropine and glycopyrrolate is false? A. They are both anticholinergic agents. B. They can both cause tachycardia. C. They can both be used as premedicants prior to intubation. D. They both contain tertiary amine bases and are relatively non-toxic.
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Suppose interest rate parity holds. In the spot market, one Japanese yen equals $0.0065, while in the 90-day forward market, one Japanese yen equals $0.0063. In Japan, the 90-day risk-free security yields 1.25%. What is the yield on 90-day risk-free securities in the United States? Round your answer to 2 decimal plac...
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The aggregate demand curve shows the relationship between the price level and the: a) real GDP purchased in the goods and services market. b) real GDP purchased in the goods and services market and the interest rate. c) interest rate and the level of investment spending. d) real GDP purchased in the goods and servi...
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Question 5 options: During 2014, its first year of operations, ABC Company produced 20,000 units and sold 12,000 units. During 2015, ABC Company produced 22,000 units and sold 28,000 units. The following information was taken from ABC's accounting records for 2014 and 2015: 2014 2015 Direct materials cost per unit $...
104000
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State the conclusion of the test and interpret your results with a 1% level of significance. a. Since the P-value is less than the given level of significance, the data are statistically significant. Based on this, we do not reject the null hypothesis. b. Since the P-value is less than the given level of significance...
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If investors' aversion to risk rose, causing the slope of the SML to become steeper, which of the following would happen? (Hint: This is a straight-line equation, so graphing may help.) Select one: a. The required rate of return on stocks would increase, but the actual return on stocks would not be affected. b. The ...
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Sgt. Pepper Company produces two models, PM and JL, using George, a new manufacturing process. Information regarding PM and JL is summarized in the following table: PM JL Price per unit $ 80 $ 60 Amount of George processing time required per unit 6 hours 2 hours George can only be used for 120 hours per wee...
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A brewery has determined that the revenue, in dollars, and the quantity of beer sold, in liters, can be represented by the following equation: R(x) = 0.02x^2 - 5x + 1500. They have also determined the average cost, in dollars, and the number of liters of beer produced, as follows: C(x) = 0.03x^2 - 2x + 500. Which quan...
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Which of the following increases or strengthens barriers to entry to the physician profession? a. decrease in prerequisites for medical school b. requiring doctors additional licenses to be able to practice c. shutting down low quality medical schools d. b and c
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In the long-run, the average return of stock is greater than the average return of bonds, because: A. investors require a greater return to compensate for the less liquidity of stocks B. investors require a greater return to compensate for the more liquidity of stocks C. investors require a greater return to compens...
C
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(Ignore income taxes in this problem.) Avanca Fitness Center is considering an investment in some additional weight training equipment. The equipment has an estimated useful life of 10 years with no salvage value at the end of the 10 years. Ataxia's internal rate of return on this equipment is 12%. Ataxia's discount ra...
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A coil having 160 turns is in a magnetic field B = ( 9.00 x 10^-2 T/s ) t + ( 2.00 x 10^-3 T/s^2 ) t^2. If the maximum emf induced in the coil is given by emfmax = N A Bmaxw, where Bmaxw is the maximum value of the emf, find Bmaxw.
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The euro is selling at 0.80 U.S. dollar per euro. The dollar is selling for 120 Japanese yen per dollar. The euro is selling for how many yen per euro? A. 60 B. 96 C. 144 D. None of the above
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At NoFrills Corporation, employees are distant and disconnected from one another. Based on this, the organizational culture at NoFrills can be described as: A. communal. B. mercenary. C. networked. D. fragmented. E. collective.
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The _____ variance is the total overhead variance in percentage terms. A. efficiency B. rate C. volume D. controllable
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The rate of return on the common stock of Lancaster Woolens is expected to be 21 percent in a boom economy, 11 percent in a normal economy, and only 3 percent in a recessionary economy. The probabilities of these economic states are 10 percent for a boom, 70 percent for a normal economy, and 20 percent for a recession....
0.002244
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A firm has a debt ratio of 0.55, a total assets turnover of 0.20, and a return on equity of 15.6%. The current yield on the firm's debt is 8.2% and the corporate tax rate is 34%. What is the firm's ROE? a. 11.62%. b. 9.21%. c. 8.25%. d. 6.75%. e. 15.60%.
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