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Suppose that the central bank has increased the money supply such that there are an additional $389,423 in excess reserves. If the reserve ratio is 9.0 percent, what is the maximum the money supply could increase? Round your answer to the nearest dollar.
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Consider two competitive firms in an industry. The total fixed costs for firm 1 are $160, while the total fixed costs for firm 2 are $180. The total variable costs for firm 1 are 50*q, where q represents the quantity of output, while the total variable costs for firm 2 are 40*q. If the market price is $55 per unit then...
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What is the yield on this 5 year corporate bond? A 5 year Treasury bond has a 5.2% yield. A 10 year Treasury bond yields 6.4%, and a 10 year corporate bond yields 8.4%. The market expects that inflation will average 2.5% over the next 10 years (IP10=2.5%). Assume that there is no maturity risk premium (MRP=0) and that...
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Other things being equal, income computed by the variable costing method will exceed that computed by the full costing method if: a. Units produced exceed units sold. b. Units sold exceed units produced. c. Fixed manufacturing costs increase. d. Variable manufacturing costs increase.
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If a project has a net present value equal to zero, then: A. The initial cost of the project exceeds the present value of the project's subsequent cash flows. B. The internal rate of return exceeds the discount rate. C. Any delay in receiving the projected cash inflows will cause the project's net present value to b...
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Which of the following is an opportunity cost? A) The forgone interest on money tied up in cash. B) The forgone interest on money tied up in bonds. C) The increased interest expense on additional debt. D) Both the forgone interest on money tied up in cash and the forgone interest on money tied up in bonds are corre...
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How do you find the integral #int_1^2e^(1/x)/x^2dx#?
e-sqrt(e)
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If inventory is being valued at cost, which of the following statements is true? A. The FIFO method will give the largest net income in comparison with the other costing methods when costs are rising. B. The LIFO method will give the largest net income in comparison with the other costing methods when costs are risin...
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You expect to receive $25,000 at graduation in 2 years. You plan on investing it at 9 percent until you have $150,000. How long will you wait from now?
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How do I show that $$ 1 + \Delta(z) + \Delta(z)^{2} + \Delta(z)^{3} + \dotsb = \frac{1}{(1-\tau^{2})}\sum_{n=0}^{\infty}(2n+1)\tau^{n}\Delta(\tau)$$ given that $\Delta(z) := q\prod_{n=1}^{\infty}(1-q^{n})^{24}=e^{\frac{2\pi iz}{12}}\sum_{n=0}^{\infty}b(n)q^{n}$, $q=e^{\frac{2\pi iz}{12}}$, and $\Delta(z)$ is a modular ...
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If F(x) = \displaystyle\int_0^{x^2} \tan (t^2) dt, find F'(x). F'(x) = _____
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The standard and actual prices per pound of raw material are $4.00 and $4.50, respectively. A total of 10,500 pounds of raw material was purchased and then used to produce 5,000 units. The quanity standard allows two pounds of the raw material per unit produced. What is the materials price variance?
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Cold and Flu Corporation reported the following information for 2011 and 2012. Inventory is not reported as there was no change in inventory from December 31, 2011, to December 31, 2012. Accounts payable, December 31, 2011 $45,000 Accounts payable, December 31, 2012 $25,000 Cost of goods sold 2012 $220,000 How much c...
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A beam of polarized light is incident on a polarizer with transmission axis TO1. As the polarizer is rotated around the beam axis (perpendicular to the plane of the paper), the observed intensity of the transmitted light varies as shown in the figure. If the incident intensity is 150 W/m², what is the intensity of the ...
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If an economy has moved into an inflationary spiral, which of the following fiscal policy actions might be taken? a) Decreasing taxes. b) Increasing government spending. c) Increasing transfer payments. d) Decreasing taxes.
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Given the double integral \(\int_0^3\int_{e^{-x}}^{e^x}(y/y)dydx\), which of the following is a correct expression for the iterated integral after changing the order of integration? a) \(\int_0^1\int_{e^{-y}}^{e^y}xdx\) b) \(\int_0^1\int_{e^{-y}}^{e^y}ydx\) c) \(\int_1^3\int_{e^{-x}}^{e^x}ydx\) d) \(\int_0^3\int_{e^{-...
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For the titration of 50.00 mL of 0.0200 M 2-(N-Morpholino) ethane sulfonic acid with 0.09900 M NaOH, calculate how much titrant (mL) is required to reach a pH of 9.29 mL in the receiving flask.
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The line {eq}y = 3x - 7{/eq} is parameterized by the vector equation: a. {eq}r(t) = <t, 3t - 7>{/eq} b. {eq}r(t) = <2, -1> + t <3, -7>{/eq} c. {eq}r(t) = <2, -1> + t <4, -8>{/eq} d. {eq}r(t) = <t, 3t - 7> {/eq} and {eq} r(t) = <2, -1> + t <4, -8> {/eq}
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Compute {eq}\displaystyle \iint_{R}f(x, y) dA {/eq} where {eq}\displaystyle f(x,y) = xy^2 {/eq} and {eq}\displaystyle R {/eq} is the triangle bounded by the lines {eq}\displaystyle y = 0, y = 2, x = 1, \text{ and } x = \frac{1}{2}. {/eq}
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Suppose we want to estimate the 90% confidence interval for the mean stock price of all health care companies listed on the NYSE. The mean and standard deviation of a sample of 22 health care stocks selected from a list of 50 in the NYSE is $21.80 and $5.80, respectively. The margin of error for this estimate is closes...
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You are entitled to receive a cash prize on March 1, 2014 using one of two options below. i) A lump sum amount on March 1, 2014 ii) $10,000 on March 1, 2014, plus $1,000 each on March 1 for three years beginning in 2017. Assuming the annual interest rate is 8%, what lump sum amount in option i would make you indiffe...
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A perpetuity pays $1000 at the end of year 1, and then $1000 at the end of year 2 and thereafter. Assuming a 5% discount rate, calculate the PV of this stream of payments. A) $9,500 B) $19,000 C) $21,000 D) $20,000
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Suppose Congress increases government spending by $1 billion to fight unemployment and at the same time reduces personal taxes by $1 billion. If the marginal propensity to consume is 0.7, by how much will equilibrium GDP rise as a result of these policies? A. $7 billion. B. $3.5 billion. C. More than $7 billion but ...
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By the end of the year, Gracie has been making equal quarterly payments to repay a loan for the last two years. Over the life of the loan, she has paid a total of $2,349.28 in interest. The principal balance on the loan at the end of two years is $4,000. What is the total amount Gracie has paid to repay the loan? A) $...
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The authors of Psychology: A Journey, 5th Edition recommend several books that might be of some assistance in developing your skill set, which of the following is not one of these books? a. Procrastination: Why you do it, what to do about it. b. Psychology and your life's goals (4th ed.) c. Thinking critically (10th...
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A debt has a current yield to maturity of 6%. If the risk in the debt increases, which of the following must be true? (a) the price of the debt must decline (b) the yield to maturity must increase (c) the yield to maturity must decline (d) the coupon interest rate must be increased (e) the price of the debt must i...
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Autoparts Department of an automobile dealership services a total of 100 orders per day. It takes 1.5 hours to complete an order and the average cost to service an order is $45. What is the total value of the flow through this department?
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How many new shares of common stock must be issued to raise the needed additional capital for the expansion under the stock refunding plan? Given: Company's income before interest and taxes (EBIT) $68,000 Company's after-tax net income $55,000 Company's marginal tax rate 40% Company's before-tax cost of outstanding de...
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Galileo was studying the oscillations of a pendulum in the Leaning Tower of Pisa, when his attention was drawn to a nearby clock suspended from the ceiling of the church of Santa Maria Del ~ Pero. He found that the period of the swinging bob was independent of the mass and the amplitude of swing (for small amplitudes)....
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You have $27,000 that you want to save for retirement. You can earn 8.25 percent per year compounded monthly. If you start saving $125 per month, how long will it take to reach your $27,000 goal? A) 12.34 years B) 13.61 years C) 13.26 years D) 11.75 years E) 12.93 years
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Which of the following measures market power? a. Rothchild index. b. Herfindahl-Hirschman index. c. Lerner index and Rothchild index. d. Lerner index.
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In an independent-measures t test, the p value is computed with A. the t distribution with n1 + n2 - 2 degrees of freedom. B. the t distribution with n1 + n2 degrees of freedom. C. the t distribution with n1 + n2 - 1 degrees of freedom. D. the t distribution with n1 - 1 and n2 - 1 degrees of freedom. E. the normal...
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On December 1, 2012, Parker Inc. purchased a five-year insurance policy for $54,000. On this date, the Prepaid Insurance account was credited for $54,000. If the account is still on the books at the end of 2013, what is its balance, and what is the account classification?
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Calculate the speed of a particle whose momentum is {eq}\displaystyle 1.20 mc {/eq}.
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Cooper, Inc. took physical inventory at the end of 2015. Purchases that were acquired FOB destination were in transit, so they were not included in the physical count. In 2016, these purchases were included in the physical count. What adjustment should be made to the 2015 financial statements? a. Cooper is not require...
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A company leases equipment at the beginning of the year. The lease term is four years. The related net assets of the leased equipment were $300,000. The first payment of $101,000 was made on January 1, 2011. The second payment of $102,000 was made on December 31, 2011. The interest rate for this lease is 11%. How much...
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Thomasson Air uses two measures of activity, flights, and passengers, in the cost formulas in its budgets and performance reports. The cost formula for plane operating costs is $36,220 per month plus $2,054 per flight plus $1 per passenger. The company expected its activity in April to be 82 flights and 232 passengers,...
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Daniels Consulting began January with $10,000 cash. Management forecasts that cash receipts from credit customers will be $50,000 in January and $53,000 in February. Projected cash payments include equipment purchases ($12,000 in January and $38,000 in February) and selling and administrative expenses ($4,000 each mont...
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If the supply of a good is perfectly inelastic, then a sales tax on the good is borne A. mainly by the buyers. B. primarily by the sellers. C. only by the sellers. D. primarily by the government. E. mainly by the buyers.
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A&P Food Corporation manufactures a product called zappers that is used to deprive insects of their ability to sense and avoid light, eventually leading to their death. The fixed costs of producing zappers are $32,000 and the variable cost ratio is 70%. At full capacity, the company can produce 20,000 zappers. The unit...
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Using the Wilcoxon signed-ranks test with the following data, the test statistic T equals: a) 18 b) 7.5 c) 17 d) 5 a b c d
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On January 1, 2012, an investor acquired a {eq}\$100,000 {/eq} face value bond for {eq}\$102,000 {/eq}. The bond pays interest on June 30 and December 31 each year. The investor has the option of selling the bond anytime. If the investor sold the bond on June 30, 2012, for {eq}\$102,750 {/eq}, the amount of realized...
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Evaluate the following integral by first converting it to an integral in cylindrical coordinates. {eq}\int_{-1}^{0}\int_{-\sqrt{1-x^{2}}}^{\sqrt{1-x^{2}}}\int_{\sqrt{6x^{2}+6y^{2}}}^{\sqrt{7x^{2}-y^{2}}}18ydzdydz{/eq}
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Alliance Company has two products: D and E. It uses the following information to prepare its budgeted income statement for next month: Product D Product E Total Selling price per unit $180 $112 Variable cost per unit $100 $48 Production and sales level in units1,6004,800 The company produces and sells one unit of pro...
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I want to evaluate the integral along the given path: $$ \int_{(1,1)}^{(2,5)}(2x-y)dx + (2y-x)dy $$ with the parabola $y=x^2$. So after subbing and simplifying I get $$ \int_1^2 (2x^3-3x^2+2x-1)dx $$ This is where I run into problems, I think the integral is correct but I am getting $1$ as my answer but the book says i...
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Assume that we are in a universe with only two electrons and that they repel each other with a force given by Coulomb's law. By comparing the energy of the system when the electrons are close to each other versus when they are far away, calculate the minimum separation distance between the two electrons. Use {eq}e = 1...
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Compute the number of years it will take for an initial investment of $10,000 to grow to $25,000, assuming a return on investment of 8.9%.
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The following information is for a potential project. YEAR NET CASH FLOW 0 -$1,300 1 $300 2 $500 3 $400 What is the internal rate of return (IRR) for the project?
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Which of the following is NOT an essential feature of an annuity with growth? A. The first payment occurs at the end of the first period.B. The growth rate has to be higher than the discount rate.C. The payments grow at a constant rate across all periods.D. The payments stop at a certain point in time in the future.
B
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You are given the following information: Cash flows Year 0 Year 1 Year 2 Year 3 Year 4 Investment -35,000 Revenues 10,000 12,000 Cost -3,000 -7,000 0 1 ...
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Use the limit definition of the derivative to find f'(t) for f(t) = 1/(t^2 + 1).
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For 2016 and 2017, assume U.S. GDP increased by 2.1%. On the other hand, over that same time period, U.S. Imports increased by 3.4% and U.S. Exports increased by 0.5%. What can be concluded about the U.S. Current Account Balance for 2016-2017? A. U.S. Current Account Balance decreased (worsened). B. U.S. Current Acc...
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An analyst is evaluating security L for the Mantle Fund. She has gathered the following data for the past four years: Rate of return Rate of return on the market portfolio Year 1 16% 13% Year 2 7% 6% Year 3 -3% 2% Year 4 10% 7% The risk-free rate is 2.5%. The beta of security L is 1.25. Using the characteris...
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Let G be a cyclic group of order 120. Determine the order of the intersection of {eq}\langle g^{40} \rangle and {eq}\langle g^{60} \rangle where g is a generator of G.
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Using an expenditure approach, select from below what would be included in the calculation of GDP? A) The value of your brother's services when he mows the lawn for the family. B) The income you pay to your gardener. C) The purchase of an original eighteenth-century work of art. D) The purchase of 20 shares of a ne...
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You are getting a $3,000 loan from a dealership to buy a used car. The dealer has given you the choice between two different credit alternatives. The first one is a two-year financing deal, with payments of $142.60 per month. The other one is a three-year financing deal, with monthly payments of $100.83. Based on effec...
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Which of the following statements is true about the F distribution? a) The F distribution is always positively skewed. b) The F distribution cannot take negative values. c) The F distribution has one mode, located at the peak of the distribution. d) all of the above.
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Funk Co. uses a process costing system and is considering using departmental overhead rates. It has two departments: Assembly and Finishing. Overhead has been divided into two cost pools based on cost behavior: Machining Overhead and Maintenance Overhead. Machining Overhead is allocated to the departments based on mach...
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A $1000, 10 percent bond is redeemable at par in 20 years, and it pays coupons semiannually. The bond is bought to yield 8 percent convertible semiannually. The amount of redemption value accruing to the bondholder at the time of redemption is 1000(1.04)^{40}. Find the amount of coupon received by the bondholder in per...
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The Deutsche Mark was the official currency of: a. Belgium b. West Germany c. Switzerland d. East Germany e. France
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Agora Company uses a process-costing system for its single product. Material A is added at the beginning of the process; in contrast, material B is added when the units are 75% complete. The firm's ending work-in-process inventory consists of 6,000 units that are 80% complete. Which of the following correctly expresses...
D
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Use the following data to determine the cost of capital for the firm. The firm's capital structure is 15% common equity and 85% private placement debt that has a yield to maturity of 9%. The firm is in the 40% tax bracket. The firm's common equity beta is 1.2. Required return on equity is 15% Growth rate is 5%
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A soap film is illuminated by white light normal to its surface. The index of refraction of the film is 1.50. Wavelengths of 480 nm and 800 nm are intensified by the reflected beam. No other wavelengths between these two are intensified. What is the thickness of the film?
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Assume that {eq}X {/eq} is normally distributed, with mean of 6 and standard deviation of 2. Determine the probability that {eq}x {/eq} is less than 10.
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Which of the following will result in a higher net income under variable costing than under absorption costing? a) If the number of units produced exceeds the number of units sold. b) If production and sales are equal during the period. c) If the number of units produced is less than the number of units sold. d) No...
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If the U.S. unemployment rate increased from 5.0% to 8.5% and the natural unemployment rate remained unchanged, then: a. The natural rate of unemployment has increased. b. The economy has moved closer to full employment. c. The economy has moved further away from full employment. d. There has been no change in the ...
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A standard costing system will produce the same income as an actual costing system when standard cost variances are closed to: a. Work-in-process b. Work-in-process and finished goods c. Cost of goods sold d. Cost of goods sold and inventories
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How do I show that the radius of convergence of $\displaystyle \sum_{n=0}^\infty a_n 2^n z^{n} $ is $2$, given that the radius of convergence of $\displaystyle \sum_{n=0}^\infty a_n z^{n} $ is $1$ and $a_n$ are complex coefficients?
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If we were to use the law to decide what is unethical or ethical in business ethics, how would we define or describe what is ethical? a. We would use positive law, which says if an act is legal it is moral. b. We would the utilitarian theory. c. We would use the rights theory. d. None of the above.
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The mean and standard deviation of a random sample of n measurements are 35.8 and 1.5, respectively. Use {eq}z{/eq} - table to find {eq}n{/eq}, such that the probability is approximately 0.95 that {eq}\bar X{/eq} is in the interval {eq}35.8\pm 1.0{/eq}.
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On January 1, year 1, Floozy Co. signed a seven-year lease for equipment having a ten-year economic life. The present value of the monthlylease payments equaled 80% of the equipment's fair value. The lease agreement provides for neither a transfer of title to Floozy nor a bargain purchase option. In its year 1 income s...
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Hot Teas Incorporated is considering the purchase of a new machine for $310,000. The machine will require an additional $11,500 of working capital. The machine will have an 8-year useful life and is expected to have zero salvage value. The machine is expected to reduce labor and other operating costs by $56,500 per yea...
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Two groups of participants were recruited for a study in which they had to detect a very small difference between two alternating pictures (participants saw Picture 1, then Picture 2, then Picture 1, then Picture 2, etc). One group was recruited from America and one group was recruited from China. For one pair of pictu...
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Normal Prices Ltd, is expected to grow at a rate of 20% for the next three years. The stock is expected to start a constant growth of 5% after year three. Assume the required rate of return on this stock is 12%. Its most recent dividend was $2.40. Determine the current price of this stock.
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The information below pertains to the intangible assets of Vega Company. The current fair market value of Vega Company's trademark is $600,000. Purchase price of trademark 150,000 Carrying amount of the trademark 170,000 How much higher or lower is Vega's book value of the trademark compared to its fair market value?...
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Use stokes theorem to evaluate the line integral of the field F around the perimeter of the surface where F = 4y i - 2z j + 3x k, the surface is the triangle cut off by the plane x + y + z = 4 in the first octant.
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Tech, Inc. has a $10 million market value of preferred stock, 3 million shares of common stock outstanding with a total market value of $50 million, and $40 million of outstanding debt with an after-tax cost of 6%. There are no taxes. The cost of preferred stock is 8%. The risk-free rate is 4% and the risk premium o...
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In a closed economy, if the quantity supplied exceeds the quantity demanded: a. the economy achieves equilibrium and output is less than the full employment output. b. the economy achieves equilibrium and output is greater than the full employment output. c. the economy does not achieve equilibrium and output is les...
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Suppose we have two fair dice, with six sides (numbered 1 to 6) and with four sides (numbered 1 to 4). Suppose we pick a die at random and throw it, the result is announced to be 2 and the die is discarded. Then we pick the remaining die and throw it. What is the expectation of the second throw? Why do two different ap...
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Consider the following two bond issues. Both will mature in 12 years, but make different coupon payments. If the discount rate is 7.8%, what is the difference in the present values of these two bonds? Bond S: pays $80 coupon annually. Bond T: pays $27 coupon semiannually.
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Suppose a firm's earnings before interest and taxes (EBIT) are $250,000, its tax rate is 30%, and the interest rate on its debt is 8%. If it increases its debt ratio to a point where it has $40,000 of interest expense, what will the firm's net income become? a. $140,000 b. $160,000 c. $156,000 d. $180,000 e. $168,...
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Assume that you know a company's stock currently sells for $54 per share and the required return on the stock is 11 percent. You also know that the total return on the stock is evenly divided between a capital gains yield and a dividend yield. If it's the company's policy to always maintain a constant growth rate in it...
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The titration of a 25.0 mL sample of 0.100 M aminobenzoic acid {eq}\rm K_a = 2.3 \times 10^{-4} {/eq} required 15.2 mL of 0.150 M NaOH. Calculate the pH of the resulting solution.
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On January 1, 2010, Sage Company purchased for $350,000 a tract of land (site number 101) with a building. Sage paid a real estate broker's commission of $22,800, legal fees of $5,200, and title guarantee insurance of $11,800. The closing statement indicated that the land value was $350,000 and the building value was $...
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An FI purchases a $9,982 million pool of commercial loans at par. The loans have an interest rate of 8%, a maturity of five years, and annual payments of principal and interest that will exactly amortize the loan at maturity. What is the duration of this asset?
2.85
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A 200-W source emits sound uniformly in all directions. What is the intensity of this sound at a distance of 10 m?
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You have paid off 80% of your loan for a new car. The other 20% is due on December 31, 2013. The finance company has offered to let you skip making the payment on that date. They will charge 11% APR (1.5% per month) on the loan until the next payment is due in June 2014. If you decide to do this, how much will you have...
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Compute the following double integral: {eq}\int \int _{R}\frac{dx\ dy}{(6x+4y+4)^{2}} where {eq}R=[1,2]\times[0,1]
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Gilcrease Industries has debt outstanding with a book value of $28,000,000. The value of the firm, if it were entirely financed by equity, would be $145,000,000. The company also has 6,000,000 shares of stock outstanding that sell at a price of $23.40 per share. The corporate tax rate is 35 percent. What is the decreas...
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A $100,000 bond was issued on January 1, 2010, for $89,700. The bond matures on January 1, 2020. Interest is paid annually on December 31 at a nominal interest rate of 10%. The effective interest rate on the bond is _____.
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What is the price of a share of stock if the beta is 1.5, its next dividend is projected to be $2.50, and its growth rate is expected to be a constant 8%, assuming the market return is 13%?
$50
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Assume that the price of labor, $8 per unit, and the price of capital, $5 per unit. The marginal product of the last unit of labor employed is 50, and the marginal product of the last unit of capital is 60. To minimize costs, the firm should: a. hire less labor and more capital b. hire less capital and more labor c....
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Consider a monopoly that faces a market demand function D(p)=100-p, where p is the price that the monopoly charges and q is the amount demanded by the consumer. The monopoly has constant marginal cost MC=20. Suppose the monopoly can do perfect price discrimination (namely 1st-degree price discrimination). What's the ...
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Three long, straight wires are perpendicular to the plane of the paper. Their cross sections lie at the corners B, C and D of a square. The currents in wires B and D are IB = ID = 3.9 A and are directed out of the paper. The magnetic field at the empty corner A is zero. What is the magnitude and direction of the curre...
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Consider a small closed country that operates according to the Classical model. You know that National saving is equal to $400 and the investment demand function is I=600-40r. The authorities of this country decide to open to international trade and to allow perfect capital mobility. If the world real interest rate is ...
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Project A requires a net investment of $45,000 and its expected net cash flows are $10,000 in year 1, $15,000 in year 2, $25,000 in year 3, and $5,000 in year 4. The company's cost of capital is 12 percent. Compute the MIRR for Project A. a. 1.89% b. 8.28% c. 9.34% d. 12.88%
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Two ice cream trucks A & B are playing a simultaneous pricing game. If one of them prices low, he gets all the customers, a payoff of 12, while other gets zero. If both price high they each get a payoff of 6 and if both price low, they get a payoff of 5. What is the Nash equilibrium of this game? a. Vendor A prices h...
c
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Which of the following is an example of an issue that can be a source of conflict among people on the same side of an issue? a. decision making b. meeting expectations c. personnel difficulties d. personality e. task performance
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Yourtube Company uses a standard cost system and prepared the following budget at normal capacity for the month of January. Direct labor hours 24,000 Variable factory overhead$48,000 Fixed factory overhead$108,000 Total factory overhead per DLH$6.50 Actual data for January were as follows: Direct labor hours worked2...
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What is the present value of $3,000 per year for 10 years at a 8% discount rate? Draw a timeline in support of your answer. Present value = _____
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