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Under the cost method, a parent company records a gain on sale of investment in subsidiary when the selling price is: a. greater than the acquisition cost. b. less than the acquisition cost. c. equal to the acquisition cost. d. none of these answer choices are correct.
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At the very beginning of a project, I can either go straight to the end of the project or I can do some planning up front. If I spend 1 year doing planning, I will be able to complete the project 2 years earlier than expected. The planning costs $50,000, and the project without planning is expected to last 10 years and...
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Ruth's Company produces a chocolate almond bar and a peanut butter bar. Information on the two products for the most recent year appears below: Chocolate almond Peanut butter Selling price per bar $1.00 $0.50 Variable costs per bar $0.75 $0.30 Number of bars sold ...
$154,250
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A fair coin is flipped ten times. Let Y be the random variable that denotes the absolute difference between the number of heads and the number of tails. For example, if the outcome of the ten flips is H H T T H H H T T T , then Y=6. Find E[Y].
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The United States has a _____ labor market than does Japan, thereby lessening the _____ effect and favoring a greater participation rate for women. A) more active; selection B) more passive; passive C) more flexible; discrimination D) more flexible; selection
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Suppose a firm has had the following historic sales figures. YEAR: 2009, 2010, 2011, 2012, 2013 SALES ($): 1,410,000, 1,670,000, 1,580,000, 2,170,000, 1,810,000 What would be the forecast for the next year's sales using regression to estimate a trend?
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Tully Refrigeration Company needs to buy a new machine that costs $500,000. The CFO wants to use a payback method to make the decision. You were recently hired to work in the Controller's Department. The company CFO wants you to find the payback period of a proposed investment in a new machine and then decide whether o...
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Calculate the magnitude of the resultant force on a semicircular surface of radius 4.30 m lying in the horizontal {eq}x-y {/eq} plane, due to the static liquid of density 1000 {eq}kg/m^3 {/eq}. The center of the semicircular surface is at the origin and the axis of the semicircle is along the positive y-axis.
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A free bar of length L is uniformly heated from 0{eq}^\circ {/eq}C to temperature t{eq}^\circ {/eq}C, {eq}\alpha {/eq} is the coefficient of linear expansion and E is the modulus of elasticity. What is the stress in the bar?
0
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A monopolist faces the following demand curve: Price Quantity demanded $15 1 14 2 13 3 12 4 11 5 10 6 9 7 8 8 7 9 6 10 If the monopol...
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A vertical line is divided into 12 equal parts. If P1 is the point on the line at the second division, P2 at the fifth division, and P3 at the tenth division. What is the distance from P1 to P2?
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Find the derivative with respect to x of the following: {eq}(x^4 - 3x^2 + 2)^3{/eq}
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With regard to preferred stock, which of the following statements is true? A. The market price of preferred stock generally fluctuates inversely with the dividend rate. B. There is no difference in the accounting treatment of preferred and common stock. C. Preferred stock usually has a stated liquidating value of $1...
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Calculate the net flux of the vector field {eq}\vec{F}(x,y,z) = 4y \vec{i} +4xz \vec{j} -z^2 \vec{k} {/eq} out of the closed box {eq}S{/eq} given by {eq}0 \leq x \leq 4{/eq} {eq}0 \leq y \leq 3{/eq} and {eq}0 \leq z \leq 2{/eq} using the divergence theorem. {eq}\displaystyle \int \int_{S} \vec{F} \cdot d \vec{A}{/eq} =...
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Suppose 52% of politicians are lawyers. If a random sample of size 436 is selected, what is the probability that the proportion of politicians who are lawyers will be less than 45%? Round your answer to four decimal places.
0.0017
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A two-slit Fraunhofer interference-diffraction pattern is observed with light of wavelength 624 nm. The slits have widths of 0.03 mm and are separated by 0.81 mm. How many bright fringes will be seen inside the central diffraction maximum?
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The most likely explanation for mutations observed in cell lines from a single patient is a. that an off-target effect of the mutagen caused mutations to occur in multiple cell lines b. that different cell lines were derived from different precursor cells that are different from one another c. that the mutations occ...
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In an investigation of the smallest-size particles expected to make up all matter, which is greater: the de Broglie wavelength of the minimum-mass particle or the Compton wavelength of the maximum-mass particle?
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XYZ Company leased equipment from ABC on January 1, 2014. The lease term is for the 10-year period expiring on December 31, 2023. The useful life of the leased asset is 10 years. Equal annual payments under the lease are $100,000 due on January 1 of each year. The first payment was made on January 1, 2014. XYZ's increm...
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Consider an investment project with a negative net present value of $1,000. Now all other factors such as cash flows and WACC remaining constant, if the firm increases the cost of capital from 10% to 13%, then the internal rate of return (IRR) for this project is likely: a) less than 10%. b) greater than 13%. c) les...
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$$\sum_{n=1}^{+\infty}\frac{\sqrt{an + 2} - 3\sqrt{n+1}}{4n}$$
a = 9
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Wingster Corporation has provided the following information for the month of July. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all related to July activity. Direct Materials $65,000 Direct Labor $40,000 Manufacturing Overhe...
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What is the pH of a 0.46 M solution of TRIS at pH 8.4? The pKa of TRIS is 8.3. Round the answer to two significant figures. pH = {eq}_{\rm{TRIS}}^{\rm{Base}} {/eq}+log {eq}\rm \displaystyle \frac{\rm{[TRIS-HCl]}}{\rm{[TRIS]}} =8.4 + log \frac{0.46}{0.46} = \boxed{8.4} {/eq}
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Evaluate the integral {eq}\int_C sin(y) dx + cos(x) dy, where C is the curve {eq}y = \sqrt x{/eq} from (0,0) to (1,1).
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Use Newton's Method with the initial guess {eq}x_1 = -1{/eq} to approximate the zero(s) of the function {eq}f(x) = x^3 + x - 3{/eq}. Determine {eq}x_2, x_3, x_4{/eq}.
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The euro is currently trading at $1.10 per euro. If you are an investor based in the US and have 100,000 euros that you plan on converting into dollars, you could potentially earn _____ interest if you: 1. would invest $110,000 in a US dollar earning 3%, and simultaneously sell the euros in the forward market at 2 yea...
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Which of the following would not appear on a firm's accounting statement? a. Insurance costs b. Sunk costs c. Explicit costs d. Implicit costs e. Fixed costs
d
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James Company has a margin of safety percentage of 20% based on its actual sales. The break-even point is $200,000 and the variable expenses are 45% of sales. Given this information, the actual profit is _____.
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Ackerman Co. is planning to add a new product to their line. To get a handle on the level of risk associated with this decision, the company has decided to examine its situation in the context of the IRR model. From the following data, calculate the project's IRR. Initial investment = $2,000,000.00. Project life = 10 y...
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The proportion of students in a large class who use student loans has been constant at 0.2. If 40 students are selected randomly from the class, then the probability that less than 7 students use loans is?
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Noar Company reports operating income of {eq}\$600,000 {/eq} at a selling price of {eq}\$68 {/eq} per unit. At that level of sales, its fixed costs are {eq}\$320,000 {/eq}. If Noar reduces its selling price to {eq}\$64 {/eq} per unit, its operating income would increase by {eq}\$12,000 {/eq}. What is Noar's contr...
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I have a thought experiment to test the conservation of energy. Consider a bar of length L with a mass M on a frictionless table. One end is attached to a motor which spins the bar around the opposite end with a constant angular velocity $ \omega $. One end of the bar traces out a circle. Consider a particle on the bar...
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Assume that you are trying to value a firm that has current profits of $3 million. Assume that the opportunity cost of funds is 5% and the constant profit growth rate is 2%. What is the present value of the firm?
$102,000,000
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Andi Company sells $400,000 of 7%, 10-year bonds for 97 on April 1, 2017. The market rate of interest on that day is 8%. Interest is paid each year on April 1. Andi uses the straight-line method. The amount of interest expense for each year will be:
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Let $f(x) = \frac{\sqrt{5}}{2}x^2$. Show that the function $f$ satisfies the functional equation $f(f(x)) = 5x^2$, and then find the greatest real number $x$ such that the sequence $x_{n+1} = f(x_n)$ converges for any $x_0$.
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Yvette 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 w...
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What is the present value of a $500 perpetuity discounted back to the present at 10 percent?
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The iteration of f(x) = 5x(1-x) with x = 0.2 gives a sequence that converges to 0 as n increases. Is there a function g that, when iterated with x = 0.2, gives a different sequence that converges to 0?
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Given the following market values of stocks in Martin Red's portfolio and their expected rates of return, what is the expected rate of return for his common stock portfolio? Stock Market Value ($ Mil.) E ( Ri ) Disney 15,000 0.14 Starbucks 17,000 -0.04 ...
12.45%
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Hasten Corporation reports operating expenses of $400,000 for 2015. Included in the operating expenses are depreciation expense of $40,000 and amortization expense of $20,000. How should this information be presented on the statement of cash flows for the year ended December 31, 2015? a. In the cash flows from operati...
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Company reported the following information for the month: Sales 30,000 units Contribution margin ratio 30% Variable costs $4 per unit Fixed costs $1 per unit If the company's fixed costs decrease by $5,000 and the sales price increases t...
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The Fantastic Tool Company (Mexico Division) produced 100,000 saw blades during the year. It took 2 hours of labor per blade at a rate of $5.50 per hour. However, its standard labor rate is $5.00. Its labor efficiency variance was a favorable $55,000. What is Fantastic's standard hours allowed for a volume of 100,000 b...
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A parallel plate capacitor with 0.01F has 250,000 V between the plates. If the charge on one of the plates is 0.0025C, find the spacing between the plates.
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Which one of the following represents the smallest annual payment that will completely pay off (amortize) a loan? A) The annuity due table value multiplied by the amount of the loan. B) The annuity table value multiplied by the amount of the loan. C) The amount of the loan multiplied by the interest rate. D) The pr...
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Find the volume of the region bounded by y=sqrt(z-x^2) and x^2+y^2+2z=12?
12pi
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A single-period inventory model has a uniform distribution for the random variable D with a minimum value of zero, a maximum value of 25, and a most likely value of 15. Which of the following values is closest to the service level at which the newsvendor should operate? Show your work. a. 60% b. 80% c. 90% d. 100%
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Which is not true in a competitive market? a. P=MC. b. Firms maximize profits. c. Firms make zero economic profit in the long run. d. Firms have some market power.
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In adjusting a company's income statement to arrive at cash flow from operations, the proper treatment of the period's change in interest payable is: a. to ignore it, in that it represents a non-operating item b. to add it to interest expense c. to subtract it from interest expense d. none of the above
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Which of the following is the correct equation for the equilibrium constant? A) products/reactants B) products + reactants C) reactants/products D) None of the above
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Two regions of the United States have recently changed their selling prices for regular gas. The following prices were randomly obtained for a recent week in the two regions. New England ($/Gallon): 3.21, 3.17, 3.42, 3.60, 3.45, 3.51, 3.51, 3.88 Midwest ($/Gallon): 3.18, 3.27, 3.11, 3.34, 3.28, 3.39, 3.25, 3.13 Assu...
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Sharon company reported the following year-end information: Beginning work-in-process inventory 1,080,000 Beginning raw materials inventory 300,000 Ending work-in-process inventory 900,000 Ending raw materials inventory 3480,000 Raw materials purchased 950,000 Direct labor 850,000 Manufacturing overhead $820,000 A. 2...
A
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What will be the output of the program ? #include<stdio.h> int main() { FILE *ptr; char i; ptr = fopen("myfile.c", "r"); while((i=fgetc(ptr))!=EOF) printf("%c", i); printf("\n"); return 0; } Options are: answer A Prints the entire contents of the file "myfile.c" and returns 0 at the end...
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Jane makes the following deposits into an account earning 7% annual interest. January 1, 2016 - $10,000 March 1, 2016 - $10,000 June 1, 2016 - $10,000 September 1, 2016 - $10,000 December 1, 2016 - $10,000 Using the following Table, calculate the interest earned in the account on December 31, 2016: Month Interes...
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You are the purchasing manager for E-Z Stop, a local gas station. The station has a flexible work shift; the shift workers can pump regular gas, premium gas, or both. They receive $10 per hour for regular gas, $12 per hour for premium gas, and $21 per hour for both (for working on two shifts). Labor standards for the c...
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If a firm uses 5% to evaluate a project, then the project: A) has a net present value of $5,000 or more. B) costs $5,000 or less. C) will return at least the minimum required rate of return. D) will be declined. E) will earn the firm a capital gain.
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Valley Fabrication paid $160,000 to acquire 100% of the common stock of Shearer Manufacturing. On the date of acquisition, Shearer had the following balance sheet: Cash $ 40,000 Current assets 260,000 Net property, plant, equipment 1,080,000 Total assets $1,400,000 Current liabilities $140,000 Long-term debt 50...
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The market price for low-end laser printers is well established at $400 per unit. ABC Technologies is considering entering this market and has enough available space in its plant to accommodate a new production line. However, several pieces of new manufacturing equipment would be required which are estimated to cost $2...
$322
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What happens to the allele frequency of a neutral allele as a population grows? a. It remains stable. b. It declines. c. It increases. d. It first declines, then increases. e. It first increases, then declines.
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Carter Corporation to make one of its products. A total of 10,000 units of this part are produced and used every year. The company's Accounting Department reports the following costs of producing the part at this level of activity: Per Unit Direct materials$3.10 Direct labor$8.30 Variable manufacturing overhead$8.8...
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You have 40 years left until retirement and want to retire with $2 million. Your salary is paid annually, and you will receive $50,000 at the end of the current year. Your salary will increase at 3 percent per year, and you can earn a 10 percent return on the money you invest. If you save a constant percentage of your ...
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Evaluate the surface integral {eq}\iint_{S} \, (z + x^2 y) \, \mathrm{d}S {/eq}, where S is the part of the cylinder {eq}y^2 + z^2 = 64{/eq} that lies between the planes {eq}x = -1{/eq} and {eq}x = 1{/eq} in the first octant.
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One year ago, your firm purchased a machine for {eq}\$50,000 {/eq} for an exclusive trade show. Based on the subsequent show attendance, your firm made the decision to keep the machine for two more years. This year, because of the machine's continued lack of output, the firm has decided to sell the machine at a price ...
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On January 1, 20X8, Ramon Corporation acquired 75 percent of Tester Company's voting common stock for $300,000. At the time of the combination, Tester reported common stock outstanding of $200,000 and retained earnings of $150,000, and the fair value of the noncontrolling interest was $100,000. The book value of Teste...
$318,750
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A stock just paid a dividend of $1.80. The required rate of return on the stock is 20%, and the constant growth rate is 4.00%. What price should the stock be selling for?
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A company might experience two-stage growth for which of the following reasons? a. Introduction of a new productb. A major improvement in the economy that is expected to level out after a few yearsc. A major downturn in the economy that is expected to level out after a few yearsd. Both a & b above are correct.e. All o...
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The absolute pressure within a liquid at a given point is the same in all directions. (a) True or (b) False?
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A company has a class of preferred stock which pays a dividend of $8 each year. If investors' required rate of return is 12%, what is the maximum price they would pay for this stock? a. $66.67 b. $11.11 c. $64.00 d. None of the above.
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How do you calculate the graph coefficient clustering? Using igraph to calculate it, the result is 0.6. What is the mathematical formula behind this calculus? I know clustering coefficient=(3*number of triangles)/number of triplets, but how can you reach the result 0.6 with this formula?
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XYZ stock is currently selling for $73.4 per share. The company just paid its first annual dividend of $2.22 a share. The firm plans to increase the dividend by 5.7% per year indefinitely. What is the expected return on XYZ stock?
8.90%
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Which of the following graphs correctly represent the relationship between the market price and the profit-maximizing price and output of a monopolist? A. Only graph (2) B. Only graph (4) C. Graphs (3) and (4) D. Graphs (2), (3) and (4)
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Calculate the pH of a 1.32 M aqueous solution of diethylamine hydrochloride ((C2H5)2NH2Cl). (For diethylamine, (C2H5)2NH, K_b = 1.30x10^-3.)
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Which of the following risk factors are the most important for purchasers of long-term high-grade bonds? a. The ability to pay interest when due b. The ability to pay principal upon maturity c. Limited marketability d. Purchasing power risk
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Use Laplace transforms to solve the following initial value problem: {eq}y'' + y = te^{-t}, y(0) = 0, y'(0) = 1{/eq}
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Determine the firm's cost of equity if the company plans to increase the dividend by 20 percent per year for the next 3 years and then increase it at a rate of 5 percent thereafter. Assume the current annual dividend is $2.00 and the stock price is $45.
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Evaluate {eq}\displaystyle \iint_{\large \partial w} \mathbf F \cdot dS {eq}, where {eq}\mathbf F = (x^2 + y, z^2, e^y - z) {eq} and {eq}W {eq} is the solid rectangular box whose sides are bounded by the coordinate planes and the planes {eq}x = 4, \ y = 4, \ z = 10 {eq}.
480
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Which organization strategy model would work best for a company trying to implement an ERP system? a. Business Diamond model b. Shareholder value model c. Porter's generic strategic model d. Hypercompetition model
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Using the rule of 72, estimate the number of years it takes for the price of a good to double, given a price increase of 10% per year. If necessary, round your answer up to the nearest whole number.
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Redesigned Computers has 7 percent coupon bonds outstanding with a current market price of $879.39. The yield to maturity is 8.34 percent and the face value is $1,000. Interest is paid semiannually. How many years is it until this bond matures? a. 18 years b. 25 years c. 16 years d. 19 years e. 17 years
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For a project i need to prove that (2^k)! is a subsequence of {e^n} and that e^k is a subsequence of {a_n}={n!}^{1/n}. So the last item of the sequence would be {lim(e^n)}={lim(2^k)!}={lim(e^k)}={lim(n!}^{1/n}) So i have {lim(2^k)!}={lim(k*ln(2))} So the limit goes to infinity.
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Suppose that in a random selection of 100 colored candies, 27% of them are blue. The candy company claims that the percentage of blue candies is equal to 26%. Use a 0.10 significance level to test that claim. What is the P-value for this hypothesis test? (Round to three decimal places as needed.)
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Suppose that a market is initially in equilibrium. The initial demand curve is {eq}P = 90 - Q_d {/eq}. The initial supply curve is {eq}P = 2Q_s {/eq}. Suppose the government imposes a {eq}\$3 {/eq} tax on this market. What is the change in consumer surplus due to the tax?
29.5
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Suppose you know that a company's stock currently sells for $68.00 per share and the required return on the stock is 11.75 percent. You also know that the total return on the stock is evenly divided between capital gains yield and dividend yield. If it's the company's policy to always maintain a constant growth rate in...
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Florio Company has the following inventory data: 2017 1/1: Beginning inventory of 70 units at $320 4: Purchase of 200 units at $350 18: Sale of 140 units 28: Purchase of 100 units at $380 2018 1: Sale of 70 units 10: Purchase of 180 units at $400 15: Sale of 140 units 25: Purchase of 100 units at $420 12/31:...
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At a certain instant of time a particle with charge q = 25 mC is located at x = 4.0 m, y = 2.0 m and its velocity at this time is v = -20 m/s j. What is the magnitude of the magnetic field at the origin at this instant? a. 1.1 pT b. 2.2 pT c. 4.4 pT d. 6.8 pT
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A long solid cylindrical conductor with a radius a carries a current I (a small solid wire with radius a with I in the +z direction, and a concentric tube around it with I in the -z direction). It is surrounded by a concentric tube with inner radius b and outer radius c carrying the current I in the opposite direction....
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Which of the following is not one of the three fundamental tax principles? A. Tax equity. B. Tax simplicity. C. Tax adequacy. D. Tax certainty.
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Cloud Manufacturing declared a 10% stock dividend when it had 700,000 shares of $3 par value common stock outstanding. The market price per common share was $12 per share when the dividend was declared. The entry to record this dividend declaration includes credit to: A. Stock Dividends for $210,000. B. Paid-in Capit...
B
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Units of product sold exceed units produced. a. Inventory decreases, net income is greater under variable costing. b. Inventory decreases, net income is greater under absorption costing. c. Inventory increases, net income is greater under variable costing. d. Inventory increases, net income is greater under absorpt...
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Pete's books show the following account balances on Dec 31, 2015, before physical inventory and the 2016 adjusting entries: Inventory $14,000 Cost of Goods Sold 50,000 Purchases 80,000 On Dec 31, 2015, after taking a physical inventory and making the necessary adjustments, it was determined that inventory was actua...
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Wilson Company has been offered a contract to build a bridge for the state of Vermont. The contract would expire in 10 years. The projected cash flows that result from the contract are shown below. The cost of equipment is in cash outflow at time zero. The working capital would be released at the end of the project. ...
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One of the major benefits of specialization is it allows a company to: a. produce at a point where its opportunity cost is zero. b. produce at the point where it has an absolute advantage. c. produce more output with the same resources. d. produce a greater variety of products.
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Dodge, Inc. acquires 15% of Gates Corporation on January 1, 2016, for $105,000 when the book value of Gates was $600,000. During 2016 Gates reported a net income of $150,000 and paid dividends of $50,000. On January 1, 2017, Dodge purchased an additional 25% of Gates for $200,000. Any excess cost over book value is att...
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Barker Company has the following ledger accounts and adjusted balances as of December 31, 2016. All accounts have normal balances. Barker's income tax rate is 40%. Barker has 300,000 shares of Common Stock authorized. You will need to determine the number of shares issued and the number of shares outstanding for yo...
$150,000
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If you believe in the _____ form of the efficient market hypothesis, you should: i. Invest in a portfolio of stocks with low betas, in the hope that the market will not be so volatile in the future. ii. Be a passive, buy-and-hold investor. iii. Invest only in stocks with low betas, in the hope that they will not be ...
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Jared Company reported 2012 net income of $80,000 and depreciation expense of $12,000. During 2012, accounts receivable and inventory increased by $10,000 and $16,000, respectively. Accounts payable to suppliers of inventory decreased by $5,000 during 2012. As a result of these data, net cash flows from operating activ...
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Select all that apply: Suppose the economy is initially in the long-run equilibrium, but a drop in income abroad reduces domestic exports. The AD curve will shift to the left. What will be the impact? a. In the short run, both prices and output will fall. b. In the short run, prices will fall but output stays the sa...
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In order to eliminate the inefficiency brought about by a monopoly, the government wants to impose a price ceiling on the monopoly. What is the optimal price to be imposed? a) The competitive priceb) The competitive price, unless it is below ATCc) The competitive price, unless it is below MRd) The competitive price, u...
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If the Fed targets 2% inflation, would it raise the federal funds interest rate if the current inflation rate were greater than 2%? Assume everything else remains unchanged. Why or Why Not? (Answer yes or no then explain your answer).
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Prove that for any $$x\in \left(-\frac{1}{2},\frac{1}{2}\right); |\arcsin(2x)-\arcsin(x)|\leq \frac{|x|}{\sqrt{1-4x^2}}$$
|x|/sqrt(1-4x^2)
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Suppose the government imposes a $0.50 excise tax on the production of a good. The effective tax rate is 20% on the sellers. What does this imply about the elasticities of supply and demand? a. Elasticity of demand is greater than the elasticity of supply. b. Elasticity of supply is greater than the elasticity of dem...
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