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Becky's Bakery sells three large muffins for even two small ones. A small muffin sells for $3, with a variable cost of $2.00. A large muffin sells for $5 with a variable cost of $2.50. Fixed costs are $3,000 per month How much is the breakeven in terms of total units? A. 1,579 B. 1,240 C. 1,180 D. 946
1579
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Rolly Corporation presented the following data for 2014: Bond Payable: Balance, Jan. 1, 2014 $3,000,000 : Balance, Dec. 31, 2014 2,600,000 Determine what amount Rolly should report as cash outflow for bond principal in its 2014 statement of cash flows. A) $400,000 B) $1,600,000 C) $1,800,000 D) $2,200,000
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A particle moves along line segments from the origin to the points (1, 0, 0), (1, 5, 1) , (0, 5, 1) and back to the origin under the influence of the force field \mathbf{F}(x,y,z) = z^2 \mathbf{i} + 2xy \mathbf{j} + 2 y^2 \mathbf{k}. Find the work done.
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Agee Corporation acquired a 20% interest in Trent Company on January 1, 2015, for $245,000. At that time, Trent had 1,000,000 shares of its $1 par common stock issued and outstanding. During 2015, Trent paid cash dividends of $64,800 and thereafter declared and issued a 5% common stock dividend when the fair value was ...
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Consider a cash flow and interest profile as shown below: t = 0t = 1t = 2t = 3 Deposit (withdrawal) at01,000-2,00010,000 Interest rate during the year from 0 to 1 is 12%, interest during the year 1 to 2 is 8%, interest rate during the year 2 to 3 is 12%, and from year 3 to 4 is 12%. All rates are annual rates compoun...
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Let $$f(z)=\prod_{n=1}^\infty\left(1-\frac{z^2}{n^2}\right)$$ Compute the order of the zero of $f$ at $z=0$ and the principal part of $f$ at $z=\infty$.
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A put option and a call option with an exercise price of $85 and three months to expiration sell for $2.40 and $5.09, respectively. If the risk-free rate is 4.8 percent per year, compounded continuously, what is the current stock price?
$86.68
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Compute the work done by the force field {eq}F = 3 \vec i - 8 \vec j + 4 \vec k{/eq} in moving a particle along the curve {eq}C: \vec r(t) = 2t \vec i + t^2 \vec j + t^3 \vec k{/eq} from {eq}t = 0{/eq} to {eq}t = 2{/eq}.
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A government pays off its foreign creditors in domestic currency, this affects the current account and the capital account as follows: a. Current account and capital account both increase. b. Current account and capital account both decrease. c. Current account increases, while capital account decreases. d. Current...
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The chief marketing officer (CMO) of Acme Pharmaceuticals has determined that Acme's reputation in the marketplace is closely tied to a favorable comparison to its leading competitor, Fabrik Industries. Acme's CMO has assembled data to project profits to management for both Acme and Fabrik under the various scenarios d...
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Pare Corporation has provided the following production and average cost data for two levels of monthly production volume. The company produces a single product. Production volume10,200 units11,200 units Direct materials$74.20 per unit$74.20 per unit Direct labor$27.80 per unit$27.80 per unit Manufacturing overhead$66...
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Beta Industries is considering a project that has the following cash flows: Year Cash Flow 0 -$27,900 1 $11,250 2 $16,430 3 $11,000 The company uses the IRR criterion for selecting projects. The appropriate discount rate fo...
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Two events occur in an inertial system at the same time, but 7635 km apart. However, in another inertial system, these two events are observed to be 14585 km apart. What is the time difference between the two events in this second inertial system?
0.0414 s
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Concord Corporation has in stock 32,600 kilograms of material L that it bought five years ago for $5.30 per kilogram. This raw material was purchased to use in a product line that has been discontinued. Material L can be sold as is for scrap for $1.46 per kilogram. An alternative would be to use material L in one of th...
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Determine the effective interest rate for $1,150,000, a simple discount note for 30 days at 6.15%
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Large companies often structure their remuneration schemes so that top management will not profit from a stock price drop. a. True. b. False.
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Use cylindrical coordinates to evaluate the triple integral {eq}\displaystyle \iiint_ExydV {/eq}, where {eq}\displaystyle E {/eq} is the solid in the first octant that lies under the paraboloid {eq}\displaystyle z=9-x^2-y^2 {/eq}.
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Suppose an investor is planning to buy a stock currently priced in the market at $200 and expected to pay an annual dividends of $20 in each of the next three years and to sell for $100 at end of the third year. Assuming the investor can reinvest her dividends at 10%, what is the investor's expected total return on the...
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Find {eq}{F}'(x) where {eq}F(x) = \int_{0}^{x^3} \sin t^2 \, \mathrm{d}t{/eq}.
3x^2sin(x^6)
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The president of Real Time Inc. has asked you to evaluate the proposed acquisition of a new computer. The computer's price is $100,000, and it falls into the MACRS 3-year class. Purchase of the computer would require an increase in net operating working capital of $5,000. The computer would increase the firm's before-t...
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How would you use the Henderson-Hasselbalch equation to calculate the pH of a solution that is 0.120 M in HClO and 0.185 M in KClO?
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I used logarithmic differentiation to find the derivative of $f(x) = x^{x-3}$. My steps are: $\ln(f(x)) = \ln(x^{x-3}) = (x-3)\ln x$. Then, $\frac{f'(x)}{f(x)} = \frac{1}{x} + \ln x$. I multiplied both sides by $f(x)$ and got $f'(x) = \frac{x^{x-3}}{x} + x^{x-3}\ln x$. However, the textbook states the derivative as $f'...
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The bonds of Vandalay Inc. pay annual coupons at the rate of 6%. They mature in 15 years with a face value of $1,000. What is their price if their yield is 6%?
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$$\int\limits_C \frac{z+1}{z^2-2z} dz$$ where C is the circle |z|=3. The singularities are at z=0 and z=2. I parameterized the integral in terms of t as follows: $$z=3e^{it}, dz=3ie^{it} dt$$ and the integral becomes: $$\int\limits_0^{2\pi} \frac{3e^{it}+1}{9e^{2it}-6e^{it}} 3ie^{it} dt$$ I used partial fractions to ge...
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C is the boundary of the portion of the paraboloid y = 4 - x^2 - z^2 with y > 0, n to the right, F = <x^2z,3cosy,4z^2>. Use Stokes theorem to evaluate integral F.Dr
-4pi
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Find the center of mass of the homogeneous solid bounded by the planes 3x + 5y + z = 15, 3x + 5y - z = -15, x = 0, y = 0, and z = 0.
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A fair coin is tossed 360 times. Find the probability that the number of heads is between 165 and 180.
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ABC Company is considering investing in a new piece of machinery with a cost of $2,394. The asset has a 6-year life and the salvage value at the end of its life is estimated to be $520. The annual cash flows are estimated as follows: Year 1 $494 Year 2 $594 Year 3 $694 Year 4 $694 Year 5 $494 Year 6 $394 Discount Rat...
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Economic theories and models are: a. an accurate reflection of real world complexities b. generally accurate for long-term forecasts c. based on a normative approach to forecasting d. "ceteris paribus" forecasting tools e. always accurate when used correctly
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Suppose that a cell phone manufacturer observes the following demand schedule: Price Quantity $150 10 $140 20 $130 30 $120 40 $110 50 $100 60 $90 70 $80 80 $70 ...
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Hess Distributors is financing a new truck with a loan of $10,000 to be repaid in 5 annual installments of $2,505. What annual interest rate is the company paying?
8%
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What is the opportunity cost of capital for a project? What is the opportunity cost of using firm's own funds to finance the project?
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The Sharpe Corporation's projected sales for the first six months of 2014 are given below: January $ 450,000 February $ 580,000 March $ 770,000 April $ 650,000 May $ 520,000 June $ 740,000 Management believes that 70 percent of sales are on credit. Credit sales are collected as follows: 30 percent in the month of th...
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Suppose that a molecular ion with charge -6e is embedded within the 6.0-nm-thick cell membrane of a cell with membrane potential -75 mV. What is the electric force on the molecule?
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On May 1, P Company reported the following account balances: Current assets $129,000; Buildings & equipment (net) $222,500; Total assets $351,500; Liabilities $72,500; Common stock $160,000; Retained earnings $139,000; Total liabilities and equities $351,500. On May 1, Alton paid $464,600 in stock (fair value) for all...
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Mo's Tennis Shop has 21,200 shares of $1 par common stock outstanding and 3,800 shares of 3.6%, $100 par, cumulative preferred stock outstanding. Dividends have not been paid for the past two years. This year a $353,000 dividend will be paid. What are the dividends per share payable to preferred and common, respectivel...
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Based on annual driving of 15,000 miles and fuel efficiency of 20 mpg, a car in the United States uses, on average, 740 gallons of gasoline per year. If annual automobile fuel usage is normally distributed, and if 29.12% of cars in the United States use less than 520 gallons of gasoline per year, what is the standard d...
400.00
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The total cost of 5,000 units at 100% of normal capacity is $150,000. The total cost of 5,000 units at 75% of normal capacity is $131,250. The normal capacity cost rate for fixed overhead is: a. $6.25 b. $12.50 c. $18.75 d. $37.50
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The 2018 financial statements for Growth Industries are presented below: INCOME STATEMENT (actual) For the Year Ended December 31, 2018 Sales$4,464,000 Cost of goods sold$1,102,000 Gross margin$3,362,000 Selling and administrative expenses$548,000 Operating income$2,814,000 Interest expense$228,000 Income before t...
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Actual overhead is $480,000, actual direct materials is $540,000, actual direct labor is $216,000, and actual overhead is $365,000. Based on this information, compute the direct materials efficiency variance.
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Given the information below and the typical cost curves, what is the lowest price at which you would be willing to produce 4 additional units? Quantity: 0, 1, 2, 3, 4, 5. Variable Cost ($): 0, 6, 10, 18, 30, 46. Fixed Cost: 30.
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What is the average total cost of producing 100 units of output if the total fixed cost is $2,000 and the total variable cost is $3,000? A. $20 B. $30 C. $50 D. $150
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Determine the inductance of a solenoid with 680 turns in a length of 30 cm. The circular cross section of the solenoid has a radius of 4.0 cm. Express your answer using two significant figures
9.7e-3 H
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Assume that the government imposed a regulated maximum price of $5 for this good. If the monopoly was producing the quantity that maximized total revenues, then we know: a) the price of the good would be greater than $5. b) the price of the good would be equal to $5. c) the monopoly would be incurring a loss. d) t...
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Roder Corporation borrowed $200,000 at 8% p.a. compounded monthly. The loan agreement specifies that the interest is to be prepaid by equal monthly payments over the 10-year term of the mortgage. The first payment is due in one month. What is the amount of the monthly payment? a. $2,399.20 b. $1,800.00 c. $2,389.64...
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Schulz Inc. provides the following information for 2017: 2017 Net income $250,000 Market price per share of common stock $70 per share Dividends paid $190,000 Common stock outstanding at Jan. 1 150,000 shares Common stock outs...
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Suppose you have 175 mL of a buffer that is 0.390 M in both benzoic acid {eq}(C_6H_5COOH) {/eq} and its conjugate base {eq}(C_6H_5COO^-) {/eq}. Calculate the maximum volume of 0.250 M HCl that can be added to the buffer before its buffering capacity is lost.
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A cylindrical diving bell 5 m in diameter and 10 m tall with an open bottom is submerged to a depth of 150 m in the ocean. The temperature of the air at the surface is 20 degrees Celsius, and the air temp 150 m down is 2 degrees Celsius. The density of seawater is 1025 kg per m{eq}^3 {/eq}. How high does the sea water...
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Dorothy borrows $10,000 from the bank. For a four-year loan, the bank requires annual end-of-year payments of $3,223.73. The annual interest rate on the loan is (a) 9% (b) 10% (c) 11% (d) 12%
11%
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A company has a $100,000 portfolio in a fund with an expected return of 10% and a standard deviation of 15%. It now adds $50,000 to its portfolio in a fund with an expected return of 15% and a standard deviation of 20%. Assuming that the returns are uncorrelated, what is the expected return and standard deviation of th...
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Find the effective interest rate of an 8% annual rate loan charged against the gross proceeds of a bond issue. The total face value of the bonds is $5,000,000. The interest rate is payable annually, and the bonds mature in 10 years.
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Calculate the NPV for the following project using a discount rate of 10%. An initial outlay of $1,000 results in a single cash flow of $1,650 after 6 years. a. $491.21 b. $300.00 c. $500.00 d. $591.21
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What is the difference between an independent and a dependent variable? A. In an experiment, an independent variable is the variable that is recorded by the researcher, and a dependent variable is the variable that is manipulated by the researcher. B. An independent variable is a variable that is affected by other va...
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Use the Lagrange Remainder theorem to prove that the Taylor series of f(x)=sin(x) converges to sin(x) at every point x.
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Suppose the exchange rate between the U.S. dollar and the Japanese yen is initially 90 yen per dollar. According to purchasing power parity, if the price of traded goods falls by 5 percent in the United States and rises by 5 percent in Japan, the exchange rate will become: a) 99 yen per dollar b) 72 yen per dollar c...
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I have to find the expected number of non-defective items given that 5 are tested and none have been found to be defective. I know that the answer should be 5, but the expected value I get is 5 * (0.94)^5, which is less than 5. Why is this so, and is my method wrong?
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The last dividend paid by Wilden Corporation was $3.75. The dividend growth rate is expected to be constant at 1.5% for 2 years, after which time, dividends are expected to grow at a rate of 8.0% forever. The firm's required return is 12.0%. What is the best estimate of the current stock price?
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The YTM of a 16-year to maturity bond is 5.75 percent. The coupon rate is 6.5 percent and the par value is {eq}\$1,000 {/eq}. The bond is callable in 6 years at a call price of {eq}\$1,050 {/eq}. What is the bond's price? A. {eq}\$1,052.23 {/eq}. B. {eq}\$1,028.02 {/eq}. C. {eq}\$1,116.83 {/eq}. D. {eq}\$1,151...
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Which of the following is not true? a. A yield to call means that bondholders will receive periodic interest payments based on the coupon rate until the bonds are called. b. When bonds are sold at a discount, it means that the market rate exceeds the stated rate. c. A yield to call is a more likely contingency for b...
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Assume that men have weights that are normally distributed with a mean of 170 lb and a standard deviation of 30 lb. If a sample of 18 men are randomly selected, find the probability that the mean weight of the sample is less than 175 lb.
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Select the correct option to complete the sentence. When in stage _____ of internationalization, HRM practices should facilitate exporting the firm's products through incentives, training, and staffing strategies that focus on the needs of international customers. A) 1 B) 2 C) 3 D) 4 E) 5
B
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Pete's Pets has $100,000 of debt outstanding that is selling for par and has a coupon rate of 8 percent. The tax rate is 35 percent and the yield to maturity of the debt is 8.15 percent. What is the after-tax cost of this debt? a. 5.28 percent b. 6.22 percent c. 7.74 percent d. 8.15 percent
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Consider an economy with three types of individuals, differing only with respect to their preferences for monuments. Individuals of the first type get a fixed benefit of 50 from the mere existence of monuments, whatever their number. Individuals of the second and third type get marginal benefits according to MBII = 30 ...
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Which of the following is not an acid-base conjugate pair? a) HCl and Cl- b) H2SO4 and HSO4- c) H3PO4 and H2PO4- d) H2CO3 and HCO3- e) HF and F-
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Suppose that at a large public university, professors' salaries are normally distributed with a mean of $60,000 and a standard deviation of $10,000. If 9 professors are randomly chosen, what is the probability that their average salary is more than $70,000? Round your answer to three decimal places.
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Tubby Toys expects to sell 800,000 units and incur $2,100,000 of fixed costs. If variable cost is $10.00 per unit, what is the break-even point in sales dollars? a. $4,200,000 b. $2,100,000 c. $2,500,000 d. $2,900,000
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How many students must be randomly selected to estimate the mean weekly earnings of students at one college? We want 95% confidence that the margin of error is no more than $5 and the population standard deviation is known to be $87.
1164
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Bluebird Company had net income of $61,600. The following information is also available: Dividends received on investments in other companies: $4,800. Depreciation expense: $25,400. Loss on disposal of equipment: $3,000. Dividends paid: $13,000. Increase in deferred tax liability: $2,800. Prepare the cash flows ...
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I know this question has been asked before and my approach is almost the same as the other answers, but I am missing something because I can't get the right answer. The question is: Given $$y(t)=x(t)+5x(t-0.25)+6x(t-0.5)+7x(t-0.75)+8x(t-1)$$ I am trying to find the autocorrelation $$R_{xx}[\tau]=\sum_k x(k)x(k-\tau)$$ ...
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Rooster Co. is considering an investment in equipment that will replace direct labor. The equipment costs $150,700 and have a $13,100 residual value and a seven-year life. The equipment will replace 3 direct labor persons, each of whom earns an average wage of $24,000 per year. In addition, the equipment will have $16,...
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Presented below are selected account balances for Hartford Corp. at year-end. What was net income for 2012? 2012 2011 Common stock $1,400,000 $1,300,000 Preferred stock 200,000 200,000 Retained earnings 2,100,000 1,650,000 Treasury stock (at cost) 50,000 50,000 Dividends:Cash 125,000 100,000 Stock 200,000 100,000
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A financial institution is in what situation when it has a zero reserve balance? a. It has more excess reserves than it has liabilities. b. It has no excess reserves. c. It has more reserves than it has liabilities. d. It has no outstanding loans.
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Dilwater Furniture purchased a corner lot in Pittsburgh five years ago at a cost of $890,000. The lot was recently appraised at $1,070,000. At the time of the purchase, the company spent $80,000 to grade the lot and another $120,000 to pave the lot for commuter parking. The company now wants to build a new retail store...
d
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With respect to a monopoly, which of the following statements is true? a. The demand and marginal revenue curves have the same general shape. b. The demand curve for a monopolist is the same as that for the industry. c. A monopolist's average revenue curve is the same as that for the industry. d. The monopolist's m...
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If a company's income statement reports net income of $5,000 and its retained earnings balance decreased by $2,000, then the number of dividends declared during the period must be: a) $3,000 b) $10,000 c) $12,000 d) $7,000
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Asset 1 has a beta of 1.7 and Asset 2 has a beta of 1.4. Which of the following statements is false? A. Asset 1's returns must be more volatile than Asset 2's returns. B. Asset 1 has a higher equilibrium expected return than Asset 2. C. Asset 1 must have higher non-systematic risk than Asset 2. D. A and C above.
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How would the ideal Carnot efficiency of a cold air standard refrigeration cycle be affected if the isentropic compression were replaced with an isothermal compression?
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Why do we care about the line integral of $\frac{c}{\vert\vert r \vert\vert^3}r$ along a closed curve $C$ that forms a loop around the origin in the plane? Is there an underlying physical interpretation, perhaps related to the inverse-square force law in physics?
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If the Fed makes an open market _____ of government securities, in the quantity theory M _____ and V _____. A: sale; decreases; does not change B: purchase; does not change; does not change C: purchase; increases; increases D: sale; increases; decreases
A
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Hayes Inc. engaged in the following cash transactions: Sold land and a building for $600,000. The land had a book value of $100,000, and the building had a book value of $625,000. Purchased a small company for $300,000 in cash. Purchased land by issuing common stock with a fair value of $250,000. Received cash divi...
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The Alaskan Way Viaduct in Seattle, Washington is planned to be replaced by a tunnel. Based on a study released in 2008, the maximum bid for the right to build and operate the new tunnel is estimated to be $2.4 billion. That amount is what the state will be willing to accept today in lieu of the expected future payment...
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One of the projects that Evan is considering is an expansion of a paint manufacturing plant in San Francisco. The projected cash flows of the expansion project are given below: Year Cash Flow 0 -$ 500,000 1 $ 200,000 2 $ 200,000 3 $ ...
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Consider an adiabatic steady flow into a converging nozzle. At the throat, the Mach number is a) 0 b) 1 c) < 1 d) > 1
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Find the smallest solution $a$ that satisfies the congruence $53^a \equiv 5 \pmod {47}$. Given that $26$ is a solution, is there a way to find a smaller solution using the given hint that $a^2 \equiv 1 \pmod {46}$ and the fact that $\text{gcd}(53,46) = 1$, or is trial and error the only option?
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At the beginning of its fiscal year, Lakeside Inc. leased office space to LTT Corporation under a twelfth-year operating lease agreement. The contract calls for quarterly rent payments of $36,000 each. The office building was acquired by Lakeside at a cost of $3.1 million and was expected to have a useful life of 25 ye...
$144,000
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S Corp. manufactures specialty window treatments for large commercial buildings. The company uses job-order costing. Manufacturing overhead is assigned to each job using an estimated annual overhead rate based on direct labor cost. The estimated total manufacturing overhead for the year was $255,000 and actual manufact...
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P Corporation acquired a plant asset for $3,000,000 on January 1, 2018. The asset has a useful life of 10 years and a residual value of $100,000. On January 1, 2020, P decided to change the total useful life to 15 years from the date of acquisition and the residual value to $300,000. The change affects the asset remain...
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All of the following are elements of the cost approach, EXCEPT: a. accumulated depreciation b. reproduction cost c. depreciation d. obsolescence
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Compute the minimum number of production runs in order to minimize total expenses for Comfy Couch Co., given the following information: setup cost per production run is $2,700, insurance cost is $4 per couch per year (based on average inventory), storage cost is $20 per couch per year (based on maximum inventory), and ...
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A manufacturer estimates that its production can be modeled by $f(x,y)=50x^{3/5}y^{2/5}$, where x is the amount spent on labor and y is the amount spent on capital in thousands of dollars. Find the production if the amount spent on labor is $500,000 and the amount spent on capital is $600,000. Round to the nearest whol...
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Until recently you worked as an accountant earning $30,000 annually. Then you inherited a piece of commercial real estate bringing in $12,000 rent annually. You decided to leave your job and operate a video rental store in the office space you inherited. At the end of the first year, your books showed total revenues of...
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Why is the integral of the Fourier transform of a function \( f(t) \) equal to zero, specifically why is the following calculation wrong: \(\int F(ω)dω = \int (\int f(t) e^{-jωt} dt) dω = \int (\int 2\pi F(ω) 2\pi \delta(ω - t) dω) dt = 2 \pi \int F(t) \delta(ω - t) dω = 2 \pi F(0)\)? Where is the mistake in the deriva...
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Betts Midwifery's cost formula for its wages and salaries is $1,920 per month plus $159 per birth. For the month of October, the company planned for activity of 128 births, but the actual level of activity was 122 births. The actual wages and salaries for the month were $20,774. The activity variance for wages and sala...
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The duration of a two-year, $1,000 bond that pays an annual coupon of 12% and is selling for $974.23 is:
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The period from 2003 to 2007 was a tumultuous one for the equity markets as well as for U.S. Treasury bills. Based on the table below, which of the following statements is not true? Average Return Standard Deviation Covariance(RTREASURY , RSTOCKS) U.S. Treasury Bills 4.7...
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Choose the most appropriate answer. Consider two stocks, one which has a beta of 0.5, and another which has a beta of 1.5. In an efficient market, which of the following statements is true? a. Both should have returns approximately equal to the market average return. b. Both should have high rates of return. c. The...
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Fiam Industries projects the following revenues from their competitor's possible strategies choices: Competitor's strategy Probability of competitor's strategy Revenue ($ millions) Expand Production 0.27 1,664.7 Reduced production 0.37 2,620.7 Fiam...
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Consider the following abbreviated financial statements for Cabo Wabo, Inc. What is the cash flow from assets during 2019? CABO WABO, INC. Partial Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019 Assets Liabilities and Owners' Equity Currents assets $3,151 $3,367 Current liab...
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Find the present value of $50,000 to be received at the end of each of 20 periods, assuming that the rate of interest is 8% compounded annually.
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Using lagrange multipliers, find the point on the plane 4x + 4y + 3z = 59 closest to (2, 1, 1).
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