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Jekyll and Hyde makes all-natural hair color. The firm's stock price is {eq}\$12.66 {/eq} per share. The firm plans to pay a {eq}\$2.08 {/eq} dividend and expects to grow this dividend by {eq}26\% {/eq} per year. What is the firm's dividend yield? a. {eq}26.26\% {/eq}. b. {eq}28.34\% {/eq}. c. {eq}16.44\% {/eq...
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Given the short-run marginal product of capital, {eq}MPK_L = 15 \sqrt{L} {/eq}, a firm decides to use capital such that K = 4L. Find the short-run marginal product of labor.
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The income statement will always show a: a. debit balance b. credit balance c. net income or net loss d. Either b or c
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Company A signed a lease on July 1, 2015, for 10,000 square feet of office space for the period July 1, 2015, through June 30, 2017. Its financial statements include amortization of the lease discount over the lease term of two years. What is the amount of rent expense amortization that Company A should record in 2015?
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I have 3 consecutive tasks (A, B, C) to complete. If one fails, I restart from task A. Each task has probability $p$ of success. An "attempt" is completing all 3 tasks, a "try" is attempting a single task. I know the probability of completing all 3 tasks is $w = (1-p)^2$. I'm told the mean number of attempts to complet...
1/(1-p)^2
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During a business downturn when sales have decreased, which of the following inventory costing methods may result in the highest reported net income? a. LIFO b. FIFO c. Average Cost d. Specific Identification
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Holding foreign demand for U.S. exports constant, if the U.S. supply of dollars increases then A. the dollar's nominal and real exchange rate may both appreciate. B. the dollar's nominal exchange rate may appreciate while its real exchange rate may depreciate. C. the dollar's nominal exchange rate may depreciate whi...
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Which of the following factors are likely to result in fewer fixed costs? a. greater capital requirement for production b. unreliable resale markets c. stronger labor unions d. longer time horizons
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How many samples of 40 cans need to be taken so that the sampling distribution will be approximately normal, given that a service station sells on average 150 gallons of gasoline per hour on Saturdays, with a standard deviation of 15 gallons, and the population has an approximately mound-shaped distribution?
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What is the probability that a randomly chosen batch from this supplier has more than 30% impurities?
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For an odd function {eq}f(x) {/eq} where {eq}\int_{4}^{0} f(x) \, \mathrm{d}x = 3 {/eq}, determine the average value of {eq}f {/eq} on the interval {eq}[-4, \; 4] {/eq}.
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Who does not have an interest in a higher level of employment? a. those who are currently employed b. employers c. those who are unemployed d. those who are frictionally unemployed e. None of the above is correct; all have an interest in higher levels of employment.
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Suppose your country can produce either 100 pounds of fish or 100 kilos of fruit using all its resources. It trades with a foreign country which can produce either 50 pounds of fish or 150 kilos of fruit using all its resources. How much fruit can your country consume per pound of fish if your country chooses to export...
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Suppose that GDP is currently $14.2 trillion dollars per year, and it is growing at a rate of 2.1% per year. How long will it take for GDP to double? Give your answer in years rounded to two decimal places.
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In order to fund a purchase, a company obtained a loan of $35,000 at 7% interest for 4 years. What is the amount of the payment at the end of each year?
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Consider a t distribution with 20 degrees of freedom. Find the value of c such that P(-c < t < c) = 0.95. Round your answer to at least three decimal places.
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In translation by polyribosomes, which end of the mRNA will be bound with ribosomes that have the shortest polypeptides? a. 5'. b. 3'. c. N-terminus. d. C-terminus.
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Could a single common cause, such as a reduction in the money supply, give rise to a business cycle that is characterized by a negative TFP shock, a positive real interest rate shock, and a negative price shock? If so, is such a cycle likely to be associated with a wage-price spiral and stagflation?
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Suppose the price of a particular model of the Gibson Les Paul (LP) guitar in the US is PLP(in the US) = $4,000, while the price of this kind of LP in GB is PLP(in GB) = 2,450. If the $ price of 1 is e = 1.7, what would we expect? a. we would expect the prices of this kind of guitars to fall in both countries. b. w...
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Fido's Foods has a dividend growth rate of 4 percent, a required return of 18 percent, and a current stock price of $32 a share. The net profit margin is 9.1 percent and the total asset turnover is 1.14 times. What is the sustainable growth rate? a. 6.40 percent b. 7.21 percent c. 8.45 percent d. 12.45 percent e. ...
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A monopolist: a. will always produce where price equals marginal cost in the long run. b. will maximize profit by producing where price equals marginal cost. c. may produce in the range of diseconomies of scale. d. will maximize consumer welfare. e. will produce where marginal benefits equal marginal cost.
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Assuming the market is initially in equilibrium, if supply increases due to a technological advance, then in the new equilibrium, quantity will _____ and price will _____. A. increase; decrease B. decrease; increase C. increase; stay the same D. stay the same; decrease
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Which of the following statements is true of budgeting? A) Research suggests that the incremental budgeting approach is most suitable for small to medium-sized enterprises. B) Managers typically use budgeting as a planning tool to measure objectives and monitor outcomes. C) As a planning tool, budgeting invariably h...
D
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What does the Central Limit Theorem tell us about the sampling distribution of the sample mean, given that a simple random sample size of n = 50 is selected from a population that has 10,000 observations? a. The sampling distribution of the sample mean cannot be determined based on the information given. b. The sampl...
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Compute the Laplace transform of $$f(t)=u_1(t)\delta(t-1).$$
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How many subjects are needed in the study if the estimate needs to be within 5 points with 95% confidence, assuming a population standard deviation of 3.4?
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What is the likelihood that the sample mean is greater than $52,000, given a population of 3,471 managers with a population mean of $51,800 and a sample standard deviation of $4,000, and a sample size of 50?
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According to Thomas Aquinas, God is a necessarily existing being. Created beings, by contrast, are contingent rather than necessary. Consequently, the concept of a natural right to life is incompatible with theism, because human existence is radically contingent on the divine being's will. From this argument, type the ...
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Evaluate {eq}\lim_{x\rightarrow \frac{\pi^-}{2}} \frac{\ln(x - \frac{\pi}{2}) }{\tan x}
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What happens to the current if both the number of turns in a coil and the external magnetic field on the coil are increased? A. The current does not depend on either the number of turns in the coil or the external magnetic field. B. The current increases more than proportionally to the increase in both the number of ...
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Integrate by parts: {eq}\int x^3 \sin x^2 dx{/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. Duties are segregated between the cash payments and cash receipts functions. A. The separation of duties is meant to safeguard assets. B. Prevention of unauthorized use. C. Ensures payment for ...
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I have an equation: $f(n,k) = \frac{(n+k-1)!}{k!(n-1)!}$ I need to approximate this equation for $n$ being large, for $k \in [0.1,n-1]$. How can I approximate it?
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According to the balance of payments data presented in the table, which of the following statements is true? a. In 2004 the U.S. was running a current account deficit. b. In 2006 the U.S. was running a financial account surplus. c. In 2008 the U.S. was running a capital account surplus. d. In 2010 the U.S. was runn...
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Use the Modified accelerated cost recovery system to calculate depreciation: The third year of depreciation on business furniture costing $8,000 was purchased in March 2013, using the half-year convention and accelerated depreciation but no bonus depreciation.
$1,399.2
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Cass 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 a trademark 38,000 Treasury stock purchased for cash 50,000 Dividend revenue received 20,000 Cass prepares i...
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Let the random variable X represent the closing time of a portfolio of derivative securities whose expiration times are independently distributed as $Unif(0,1)$ and are also independent of a Gaussian white noise process $W$. Let $Z = \max(X + W, 0)$. How to find $E[Z]$?
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Use L'Hospital's rule to find the limit: \(\displaystyle \lim_{x \rightarrow 0} \frac{5^x - 1}{x}\)
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The following are the Jensen Corporation's unit costs of making and selling an Item at a volume of 1,650 units per month (which represents the company's capacity): Manufacturing: Direct materials$2.10 Direct labor1.90 Variable overhead1.80 Fixed overhead1.30 Selling and administrative: Variable2.40 Fixed0.80 Present ...
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Graph the following, showing all work. {eq}\displaystyle \lim_{x\to0} \frac{\tan(x) - x}{x^2} {/eq}
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Which of the following is/are not part of new Keynesian policies? a. A more flexible labor market where the power of labor is reduced. b. Flexible monetary and fiscal policy rules in order to anchor the economy. c. Smoothing out the upswings and downswings of the business cycle. d. Inflation targeting. e. Monetary...
a
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A company experienced a labor rate variance of $10,000 U and a labor efficiency variance of $5,000 F during the last period. What is one possible explanation of these variances? a. A company that manufactures sportswear recently purchased a new machine to increase employee efficiency. All workers were not fully traine...
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Brewer Corporation paid a $2.60 dividend yesterday, its dividend yield is 6.3 percent, and its growth rate is 5.7 percent. What is its dividend yield?
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The profit margin ratio is calculated by dividing: A. Net income by total assets B. Net sales by total assets C. Net income by net sales D. Net sales by current assets
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Ebaum Corp. expects that one year from now it will pay a total dividend of $8 million and repurchase $8 million worth of shares. It plans to spend $16 million on dividends and repurchases every year after that forever, although it may not always be an even split between dividends and repurchases. If Ebaum's equity cost...
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What is the probability that the sample proportion of people who will order coffee with their meal is less than 0.93, given that the proportion of people who order coffee with their dinner is 0.9 and a simple random sample of 144 patrons is taken?
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If {eq}g(x) = \int_{1}^{1/x} \sqrt{1+t^3} \, dt{/eq}, find {eq}g'(1/2){/eq}
-12
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Evaluate the definite integral. {eq}\int\limits_{-2}^0 {\left( {{x^4} - 2{x^2} + 3} \right)\ dx}
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Foreign outsourcing and offshoring locations tend to be defined by all of the following except _____ . A) the relative labor costs B) the transportation costs involved C) how automated a production process can be made D) centralized value-chain activities
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Calculate the wave number (cm{eq}^{-1} {/eq}) and frequency of the radiation corresponding to the following transition in the hydrogen spectrum. n = 1 to n = 2
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A U.S. manufacturing company, invested a total of 5,000,000 Russian rubles and 1,000,000 Chinese yuan in foreign subsidiaries in 2012. At the end of 2013, these investments were worth 8,200,000 rubles and 1,200,000 yuan, respectively. What is the percentage change in the value of the U.S. investments in Russia and Chin...
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The internal rate of return for a project a) must equal the firm's cost of capital. b) is best used for investment decision-making when comparing mutually exclusive projects. c) is equal to the cost of capital. d) can not be used with the elimination of the possibility of an accepted project having an IRR > 0. e) ...
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_____ reduces the exposures of having a single supplier. A) Dual sourcing B) Selective sourcing C) Multiple sourcing D) Generic sourcing E) Constricted sourcing
A
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Let {eq}f(x) = 4x^{3} - \frac{1}{\sqrt x} {/eq}. Use the definition of an antiderivative to find {eq}F'(x){/eq} for {eq}F(x) = x^{4} - 2\sqrt x + c{/eq}.
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Hedging with futures is particularly effective if there is a: A. negative basis and basis is stable. B. negative basis and basis is volatile. C. positive basis and basis is stable. D. positive basis and basis is volatile. E. basis which is very close to zero.
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It is known that free trade generally leads to greater output and efficiency, and that the average person in a nation is made better off because of free trade. This statement ignores the fact that free trade will make: a. workers worse off. b. some people better off but not all. c. all people equally well off. d. s...
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A stock is expected to have a dividend of $10 in one year, and the stock price and dividend are expected to grow at a rate of 5% per year indefinitely. Assuming the required rate of return on this stock is 15%, what is the current stock price?
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The Cashman Oil Company is evaluating a proposed capital budgeting project (project Delta) that requires an initial investment of $1,600,000. The CFO wants to use the IRR method to make the decision, so she gathered the following information about the project's expected cash flows: Year Cash Flow 0 -$1,600,000 1 $675,...
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A company that has a profit can increase its return on investment by: a. increasing sales revenue and operating expenses by the same dollar amount. b. increasing average operating assets and operating expenses by the same dollar amount. c. increasing sales revenue and operating expenses by the same percentage. d. d...
c
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At what value should Pen Corporation report its intangible assets, and what amount of gain (if any) should Pen recognize from the transaction? a. $240,000, and $196,000 b. $240,000, and $0 c. $436,000, and $236,000 d. $436,000, and $196,000 e. None of the above
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You are a manager at a firm and you believe your monthly costs have increased. The costs have always been $9,000 but you now believe they are more and would like to test this claim. If you run a hypothesis test, which of the following statements would fit your problem? A. You have an upper-tail test B. Your alternati...
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Lester Enterprises needs to accumulate $14.2 million to retire a $14.2 million debt that matures in 6 years. The firm's investment division can contribute $710,000 per quarter to an account that will pay 3.1% quarterly. How much will the company's operating division have to contribute every month to a second account t...
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The after-tax cost of debt for a new issue of debt can be estimated using: A. the coupon rate on existing debt of the same credit rating. B. the average current yield on existing debt of the same credit rating. C. the current yield on a U.S. Treasury security. D. the yield to maturity on a corporate bond of the sam...
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What is the refractive index of a material that will lead to 2n as the central principal point for a -1.00 D lens with a radii of curvature of +2.00 m?
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Ideal standards formulated by regulatory, market, and government institutions are called _____ . A) codes of behavior B) codes of governance C) codes of ordinance D) codes of conduct
D
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Line Management takes on a(n) _____ role in the matrix structure. A) strategic B) operational C) planning D) controlling E) interdependent
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The production department has the following costs related to support activities: Cost of goods sold $350,000 Allocated to support departments: Assembly $100,000 Marketing $150,000 The assembly department has the following production data: Actual cost $55,000 Allocated to support departments $50,000 The marketin...
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Two local hardware stores both compete against each other for the same customers. Store A sells its lumber for $100 per pallet and sells an average of 5000 pallets per year. Store B sells its lumber for $90 per pallet and sells an average of 4000 pallets per year. A business analytics consultant was hired to recommend ...
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What is the probability that the mean salary of a random sample of 38 assistant professors in physics is less than $40,000? Assume {eq}\sigma = $4,000{/eq} and that the distribution of salaries is approximately normal. Round the answer to four decimal places.
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Which is the correct formula to calculate the sustainable growth rate? a. {(Net Income / Total Assets) * (1 - Debt Ratio)} * Retention Ratio b. (Total Assets / Net Income) * Retention Ratio c. (Net Income / Total Assets) * (1 - Debt Ratio) d. (Net Income / Total Assets) * Retention Ratio
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Find the radius of convergence of the power series $\sum_{n=2}^{\infty} \frac{b^{n}}{ln(n)}$, where $b>0$.
1
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Determine the accounting rate of return on average investment. Round to the nearest whole percent and assume a 10% rate of return. (Hint: First find the net cash flow for year 4.) ANRIO Company purchased a new plant asset on April 1, 2012, at a cost of $770,000. It was expected to have a useful life of 10 years and an...
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This year, 22% of Internet users sampled experienced a security violation. Using these data, what is the probability that more than 25% of the sampled users experienced a security violation?
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Suppose that a country has more resources and better technology than other countries in the world. Which of the following is true? A. The LRAS curve will shift to the right B. The SRAS will shift to the right C. The SRAS will shift to the left D. Only A and B E. Only A and C
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Fixed costs a. exist in the short-run only. b. exist in the long-run only. c. exist in both the short-run and long-run. d. can never be escaped.
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Suppose the marginal cost of a firm is {eq}f^1(Q) =3Q^2 + 5Q + 50. {/eq} What will be the total cost if the firm produces 30 units of the product?
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Let {eq}\vec{v} {/eq} and {eq}\vec{w} {/eq} be orthogonal vectors such that {eq}\left \| \vec{v} \right \|=\left \| \vec{w} \right \| {/eq}. Find {eq}proj_{\vec{w}}\vec{v} {/eq}. Give your answer as {eq}\alpha {/eq}, where {eq}\alpha {/eq} is a scalar such that {eq}proj_{\vec{w}}\vec{v}= \alpha \vec{w} {/eq}.
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The 2010 financial statements for Growth Industries are presented below: Income Statement Sales $33,210 Cost of goods sold $26,540 Gross profit $6,670 Selling and administrative expense $4,610 Operating profit $2,060 Interest expense $910 Profit before taxes $1,150 Taxes (at 35%) $390 Net income $760 Divi...
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Assume a company has been maintaining a receivables factoring program for the past five years and has been experiencing the same level of sales, factoring, and bad debts over that period. Customers typically pay their receivables within 60 days. Which of the following is true with respect to the current period (all els...
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The price of a tube of lipstick (L) is {eq}\$2.00 {/eq}. If the marginal utility of the last unit of lipstick is 10, then what is the marginal utility of the last unit of money (in {eq}\$) {/eq}) spent on lipstick? a. 10 b. 5 c. 0.2 d. {eq}\$20 {/eq}
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Find the limit of the sequence $a_n = \frac{n}{\sum_{k=1}^n\frac{1}{x_k}}$, where $x_k = \frac{1}{\sum_{j=1}^k j}$.
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Fuzzy Button Clothing Company is the manufacturer of high-end button-up shirts. Its cost of capital is 8.7 percent and it has a tax rate of 34 percent. It is considering a project with the following cash flows: Year Cash flow 0 -$ 34,000 1 $ 9,700 2 $ 14,500 3 ...
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Dagger Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overhead was $305,040. At the end of the year, actual direct labor-hours for the year were 16,800 hours, manufacturing overhead for the year was under-applied by $16,800, and th...
b
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Determine the integral: {eq}\displaystyle \int_{0}^{\infty} xe^{-2x}dx {/eq}
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Company A has expected return of 18 percent and a standard deviation of 15 percent. Company B has expected return of 20 percent and standard deviation of 20 percent. What is the maximum Sharpe ratio that a portfolio of these two stocks can achieve? What are the weights for the minimum variance portfolio?
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What amount must be invested now, at an 8% interest rate, to produce income of $100,000 one year from now and at one-year intervals forever?
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A thin wire has the shape of the unit circle centered at the origin (y = 1) and a mass density (linear mass density) given by {eq}\rho (x) = 1 + x{/eq}. A bead of mass m is free to slide with negligible friction along the wire. The bead is released from rest at (x, y) = (0, 1). Find the speed of the bead at (x, y) = (-...
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Cheese is good with toast, and a high-speed drill is good for making holes in bread, so drill makers should make cheese drills. However, the idea of a cheese drill may not be as viable as it first seems. Because a cheese drill is used for bread, its price should be close to the price of a hole punch. Assuming that a)...
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You describe to your students a new committee within the university that brings together specialists from all different departments to develop a new interdisciplinary program. The structure of the committee best meets the definition of the: A) matrix structure. B) simple structure. C) boundary-less organization. D)...
A
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Suppose that an industry with 100 firms has a market share of 10% each and that the Herfindahl-Hirschman Index for the industry is 1,000. If the five largest firms in the industry each have a market share of 8%, what is the market share of the smallest 90 firms? A) 2% B) 10% C) 8% D) 12% E) none of the above.
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The decision makers of a company have to deal with four major areas of a. Risk, payment, information and time b. Strategy, structure, control and culture c. Financial, marketing, production and HR d. Accounts receivable, accounts payable, inventory and cash flow
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Sango Inc expects to maintain the same inventory at the end of 2014 as at the beginning of the year. The total of all production cost for the year is therefore assumed to be equal to the cost of goods sold. With this in mind, the various department heads were asked to submit estimates of the cost for their departments ...
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The net present value and internal rate of return rules always provide the same accept/reject decision for a project. A. True. B. False.
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An increase in actual fixed overhead costs in a period will result in: a. an unfavorable volume variance. b. an unfavorable spending variance. c. a favorable efficiency variance. d. an unfavorable efficiency variance.
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Along the short-run market supply curve, _____. Explain A. the quantity supplied at the shutdown point is zero B. the quantity produced by each firm remains constant C. marginal cost equals total revenue D. the number of firms remains constant
D
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Fortune Co. traded in an old machine for a new one. The old machine had a cost of $150,000 and accumulated depreciation of $90,000. The new machine had an invoice price of $120,000. Fortune was given a trade-in allowance of $60,000 on the old machine. If this transaction has commercial substance, the new machine should...
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The price elasticity of demand will equal the slope of the demand curve under which of the following circumstances? A) when the demand curve is linear. B) when the demand curve is downward sloping. C) when the demand curve is upward sloping. D) when the demand curve is downward sloping and linear. E) when the dema...
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One particular expense account has a beginning balance and normal debit and credit postings for the period. At the end of the period, the ending balance is an expense. An examination of the account shows that no payments have been made on the expenses included in the balance. The most likely explanation is that the A....
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If the standard deviation of the population of times to complete this assignment is known to be 10 minutes and the instructor wants to be 95% confident that his estimate is within 2 minutes of the true average of the population, how large a sample is required?
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Find all critical points of the function {eq}f(x,y) = xy + \frac{4}{x} + \frac{4}{y} {/eq}.
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