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XYZ company reported the following information for 2012: repaid long term debt$145,000 paid interest note payabe$2,150 issued common stock$40,000 paid dividends$16,000 Compute net cash flows from financing activities?
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Baker Company had a net income of $94,000. Depreciation expense is $8,500. During the year, accounts receivable increased by $7,300 and accounts payable increased by $14,100. There was also a loss on the sale of land of $8,000. During the year, an additional $120,000 in par value common stock was issued. Prepare a sch...
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A computer is reading data from a rotating CD-ROM. At a point that is {eq}0.031 \ m {/eq} from the center of the disk, the centripetal acceleration is {eq}235 \ \frac{m}{s^2} {/eq}. (a) What is the centripetal acceleration at a point {eq}0.089 \ m {/eq} from the center of the disk?
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Determine the nominal rate you would have to be paid on a 20-year municipal bond to be indifferent between it and a 20-year corporate bond if the corporate bond has a nominal 7.43% yield. Assume you are in a 39.6% federal and 7.9% state tax bracket and inflation is expected to be 2.85%.
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You are considering opening a specialty food store. The volume of business is seasonal, with peak months during the summer. The required capital is invested at the beginning of the year, and the revenue stream is received monthly during the year. If the expected net cash flows were: {eq}\$50,000 at the beginning of th...
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Sketch the region of integration, and evaluate by changing to polar coordinates: {eq}\int_0^1\int_{\frac{1}{2}}^{\sqrt{1-\frac{x^2}{4}}}\cos(x^2+y^2)dxdy{/eq}
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A uniform magnetic field of magnitude 0.20 T is in the {eq}xz {/eq}-plane, making an angle of {eq}30^\circ {/eq} with the {eq}z {/eq}-axis. The field points in the direction of increasing {eq}x {/eq} and increasing {eq}z {/eq}. The field occupies the region between {eq}x = 0 \ and \ x = 50 \ cm {/eq}. A 5-turn sq...
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$F (x,y) = \nabla(\frac{1}{2} x^2 - y^2 + 2x +2y) $ Let $C$ be the curve obtained by intersecting the cylinder $x^2+y^2=4 $ with the plane $z=x+y $. Find $$\int_{C} F \cdot dr$$ in the counterclockwise direction looking down the z-axis.
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Kramer Company owns no plant assets that require significant repairs. Management wants an income statement that shows a separate item for any gains or losses on the disposal of plant assets and that also shows a separate item for any depreciation expense on the plant assets. Refer to the following plant asset informati...
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You work in the corporate treasury for a large manufacturing company. The company has just introduced a new product which is expected to significantly increase its sales over the next year. Based on a limited market survey, the company believes there is a 60 per cent chance that it can produce the new product in time f...
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Suppose we want to estimate the proportion of students who commute more than 20 miles from home to campus with a 95% confidence interval. We must use at least 475 students. What is the best estimate for the proportion of students who commute more than 20 miles?
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Let f(x) = x^{-8}. Approximate f(x) by a Taylor polynomial with degree n = 3 at a = 1 in the interval 0.8 less than or equal to x less than or equal to 1.2. Use Taylor's inequality to estimate the absolute error in the approximation |R_3(x)| less than or equal to K(b-a)^4/4! (x-a)^4. Find a value of K that is known to ...
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Honey, I Shrunk the Assets is a firm with a debt-to-equity ratio of 1.0. If they increase their debt-to-equity ratio to 1.5, this means that they will have _____ in their capital structure. A) $2000 less equity and $2000 more debt. B) 50% more debt and 50% less equity. C) 50% less debt and 50% more equity. D) $2000...
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Adams Company reported a net income of $88,375 for 2010. For 2010, accounts receivable increased by $14,000 and accounts payable increased by $10,500. Depreciation expense was $22,000. Based on the data, compute net cash flows from operating activities.
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Flyaway expects to sell 15,750 units of its only product in 2013 with the following results: Sales (15,750 units) $630,000 Costs and expenses: Direct materials $189,000 Direct labor 315,000 Overhead 94,500 Selling expenses 63,000 ...
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Carver Rentals Corporation places electronic games and other amusement devices in supermarkets and similar outlets throughout the United States. Carver Rentals is investigating the purchase of a new electronic game called Mystic Invaders. The manufacturer will sell 60 games to Carver Rentals for a total price of $354,0...
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An analyst has gathered the following information about two risky securities A and B. Rate of return E (rA) = 10% E (rB) = 13% Standard deviation of returns (sA) = 15% (sB) = 20% Correlation of returns = 0.25 The investor has a required expected return of 12%. If the risk-free rate is 2.25%, what is the reward-to...
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Why is $\displaystyle \lim_{\epsilon \to 0} \frac{\epsilon i}{\epsilon} = i$ instead of $0$, given that $\lim_{x \to 0} x = 0$?
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Fidelity Mutual Insurance Company wrote a $72,000 fire insurance policy on its warehouse on October 1, 2012. It uses a 10-year fire policy and the expense method of accounting for fire insurance. Which of the following statements is true? a) The fire insurance expense account should be credited for $720. b) The cash ...
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What is the NPV of a project with an initial cash flow of -100 and cash flows of 40, 45, and 40 in Years 1 through 3, given a discount rate of 15%?
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How many three-card hands are possible from a standard deck of 52 cards if there are exactly two Aces and no other Aces in the hand?
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Stock W's stock price is currently $53.25, and the company pays a dividend of $3.53 per share. The expected return on Stock W is 9 percent. Required: What is the expected growth rate of dividends for Stock W?
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The partial derivatives {eq}f_x {/eq} and {eq}f_y {/eq} are continuous, and {eq}f_x (0, 0) = 3, \; f_y (0, 0) = -2 {/eq}. If we approximate {eq}\Delta f {/eq} when {eq}\Delta x = 0.2 {/eq} and {eq}\Delta y = -0.3 {/eq} by the total differential, what is the result?
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The widget industry has three types of firms. The cost structure for each type is as follows: Output Type A Type B Type C 0 $5 $5 $5 1 $10 $12 $8 2 $12 $14 $10 3 $15 $18 $12 4 $24 $30 $20 5 $40 $50 $30 Refer to the table. If this is a competitive market and the market price is $13, ho...
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Gilligan's Parts, Inc. purchased a machine five years ago for $102,000. The machine is being depreciated straight-line to a zero estimated salvage value over eight years. This machine has a current book value of $36,750 but can be sold for $41,000. The company's tax rate is 30%. A new machine can be purchased for $53,0...
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Ridiculous Reality is a calendar/ gift company whose chief competitor is Pleasant Presents. Data concerning sales for the past three months are as follows: Actual Flexible Sales Volume Variance Sales Price Variance January 32,000 $214,000 $6,000 F $1,200 F ...
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The weights of all 3- to 6-month-old baby boys are normally distributed with a mean of 14.2 pounds and a standard deviation of 5.5 pounds. What is the probability that a randomly selected 3- to 6-month-old baby boy has a weight less than 11.5 pounds?
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Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor hours. At the beginning of the year, it was estimated that 39,800 direct labor hours would be required for the period's estimated level of production. The company also estimated $597,000 of fixed manufacturing overhe...
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On January 1, 2014, Ivy, Inc., paid $105,000 in cash for 100% of Jane's common stock, which had a book value equal to its fair value. During 2014, Jane reported net income of $16,000 and declared dividends of $6,500. On December 31, 2014, the fair value of Jane's net assets was $130,000 and the fair value of its common...
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A special-purpose machine with a 5-year life was purchased for $100,000. The machine is being depreciated by the straight-line method. It was purchased to process wood into decorative plates. The machine cost $15,000 per hour, which includes the depreciation and operating cost. The machine is expected to be sold at $10...
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A seller maintains on its books as inventory merchandise that actually had been sold to a customer for $150,000 cash. No entry is made at the end of the period to reflect the sale. The seller's income statement will: a. Be understated by $150,000 and the balance sheet will be overstated by $150,000. b. Be overstated ...
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In a market with 10,000 identical users, the demand of each user is given as {eq}Q_d = 4 - 0.005P {/eq}. The firm's marginal cost of production is 4. In a monopoly, the market clearing price is: a. 6, where the monopolist earns a profit of 24,000. b. 8, where the monopolist earns a profit of 32,000. c. 6, where the...
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A country has a national debt of 55% of GDP and private domestic savings of $80 billion. If the current account balance is zero, then private domestic investment in this country must be: a. equal to $80 billion. b. equal to zero. c. more than $80 billion. d. less than $80 billion. e. none of the above
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Grind, Co. is considering replacing an existing machine. The new machine is expected to reduce labor costs by $84,000 per year for 5 years. Depreciation on the new machine is $54,000 compared with $40,000 on the old machine. In addition, inventory will increase from $250,000 to $318,000 until the end of the project. Th...
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What is the main difference between business profit and economic profit? a. Only business profit includes accounting profit. b. Only economic profit includes implicit costs. c. Implicit costs are included in business profit, but not in economic profit. d. Implicit costs are included in economic profit, but not in b...
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If you were to analyze a call option using the Black-Scholes model, and if the option was out-of-the-money, the delta would: a. be zero. b. be greater than zero but less than one. c. equal one. d. have no definite pattern.
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Which investor would generally not be a major investor in the commercial real estate debt? A. Insurance Company B. CMBS C. Pension Fund D. Bank
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A company's monthly utilities bill has historically averaged {eq}\$18,000 {/eq} with a standard deviation of {eq}\$4,000 {/eq}. The distribution of the utilities bill has been and can be assumed to be approximately normal. If the company employs a continuous improvement policy, they would like to reduce the probabili...
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Hedge fund managers generally A. can invest in private placements of securities. B. are not required to have a net capital requirement. C. must have at least $50 million of assets under management. D. can start only if at least three people are willing to invest.
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Which of the following statements are true: a. If a stock is selling at a P/E ratio of 12, then earnings are expected to grow at a rate of 12%, b. If a stock is selling at a P/E ratio of 12, then earnings are expected to grow at a rate of 2%, c. If a stock is selling at a P/E ratio of 12, then earnings are expected ...
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The velocity (in ft/s) of an object falling is given by the formula $v=32t$ where $t$ is the time in seconds. Use differentials to find the approximate change in velocity of an object falling for an additional one-hundreth of a second after $2$ seconds.
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According to Leon Festinger, _____ (RUL) is an internal adjustment made by an individual to reduce the dissonance produced by inconsistency between his or her beliefs, values, and behaviors. a. Heuristic decision-making b. Denial c. Altruism d. Satisficing e. Cognitive dissonance
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Alpha company had the following account balances for 2016. Dec 31 Jan 1 Accounts receivable $46,000 $39,000 Accounts payable 48,000 54,000 Alpha reported a net income of $230,000 for 2016. Assuming no other changes in current account balances, the amount of net cash provided by operating activities for 2016 report...
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Assuming a constant carrying cost per unit per year, which one of the following would have the greatest effect on increasing the economic order quantity? A. A decrease in the ordering cost. B. An increase in the ordering cost. C. A decrease in the inventory level. D. An increase in the interest rate. E. A decrease...
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Calculate the fundamental vector product of {eq}r(u,v)=2u\cos(v)i+2u\sin(v)j+2k{/eq}
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The risk-free rate of return, kRF, is 6.1%. The market return, kM, has an expected return of 11% and a standard deviation of 15%. Security X has a beta of 0.89. What is its standard deviation? Round your answer to two decimal places.
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Fab Corporation reported a net income of $41,200 for 2010. For 2010, depreciation was $8,250, and the company reported a gain of $2,400. Accounts payable increased by $2,750 during the year, and inventory decreased by $4,100. Based on this information, Fab's net cash provided by operating activities (NCF) for 2010 was?
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I want to transform this ODE $2xy' = y^2$ into a separable form. I know that I can use the substitutions $y = uv$ and $y' = u'v + uv'$, but when I do that and substitute everything into the ODE, I get a mess where I can't isolate $v$.
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Fiddler's Syndrome Inc. has an odd dividend policy. The company has just paid a dividend of $7.5 per share and has announced that it will increase the dividend by $5 per share for each of the next four years, and then never pay another dividend. If you require an 11 percent return on the company's stock, how much will...
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If a monopolist is currently selling 4 units of output at a price of $4 per unit and marginal cost = $4, then it: a. Is maximizing profit. b. Is not maximizing profit and should increase output. c. Is not maximizing profit and should decrease output. d. Is maximizing revenue. e. Is not maximizing revenue and shoul...
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On January 1, 20X1, P & C Co. loaned $10,000 to a customer of the company. In return, the company received from the customer a three-year, 6% note payable, requiring payments of $3,741.04 to be made on December 31 of each year, beginning on December 31, 20X1. The entire note and accrued interest is due on December 31, ...
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Evaluate the line integral {eq}\int_{c} f(x,y) ds{/eq} where {eq}f(x,y) = \frac{y}{x^2+y^2}{/eq} and {eq}C{/eq} is the top half of the unit circle, starting at {eq}(-1,0){/eq} and moving clockwise.
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As a result of a slow down in the US economy, US citizens began purchasing fewer imported goods. Assume all other factors are held constant, which of the following is true: a. US dollars will appreciate and the quantity of US dollars supplied in the foreign exchange market will decrease. b. US dollars will depreciate...
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Determine the nominal rate you would have to be paid on a 15-year municipal bond to be indifferent between it and a 15-year corporate bond if the corporate bond has a nominal 6.28% yield. Assume you are in a 39.6% federal and 8.7% state tax bracket and inflation is expected to be 1.75%.
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The machine will produce sales of $8,000 per year for 5 years. Expenses are expected to be $4,000 per year for labor and $1,500 per year for material, both running for 5 years. The machine is expected to cost $7,000 per year to operate. What is the total life-cycle cost of the machine?
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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 a: a. credit to Paid-in Capital in Excess of Par for $210,000...
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At the surface of a sphere of radius 3 cm the electric field is {eq}(10^{11} N/C.C) {/eq}. If this sphere is solid, what is the charge inside this sphere? a. {eq}3 \times 10^{-5}C {/eq} b. {eq}1.5 \times 10^{-11}C {/eq} c. {eq}9 \times 10^{-5}C {/eq} d. {eq}4.5 \times 10^{-11}C {/eq} e. {eq}1.5 \times 10^{-1...
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Suppose that you and 10 of your friends go to Doyles Seafood at Watsons Bay for lunch. As a group, you decide to order one main each and share the food. You also decide to split the bill evenly. Mains cost between $37.82 and $52.28 each. Suppose that your utility function is given by the following function: {eq}U(X)=X^...
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By the elevator at our math department it is written 'max 1125 kg or 15 persons'. Assume the mean weight of a student is 74 kg. Assume the probability that the total weight of 15 students exceeds 1125 kg is 5%. What is then the standard deviation of the weight of a student?
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When a company using the periodic inventory system sells inventory, it records the sale at: A) cost plus any gross profit estimated on the inventory sold. B) cost. C) cost plus any gross profit actually earned on the inventory sold. D) net realizable value.
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Which of the following options is correct? To increase cardiac output, the _____ branch of the autonomic nervous system _____ in cells of the sinoatrial (SA) node. a. parasympathetic, increases K{eq}^+ {/eq} permeability b. sympathetic, increases cyclic AMP c. sympathetic, increases Ca{eq}^{2+} {/eq} release from...
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Suppose that between 2010 and 2011, nominal GDP grew 5%, real GDP grew 3%, and the CPI grew 2%. Then: A. the real interest rate was 1% greater than the nominal interest rate. B. the real interest rate was 1% less than the nominal interest rate. C. the inflation rate was 1% greater than the real interest rate. D. th...
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The major organic product obtained when 1-bromo-1-methylcyclohexane is treated with sodium methoxide in methanol is?
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An ice cube with a volume charge density $\rho(x,y,z)=-\rho_0(z-h)$ ($z>0$) is placed in an electric field $\vec{E} = -\hat{z}E_0 + \hat{x}E_0z^2$. What is the force experienced by this cube? Assume that $\rho_0$ and $h$ have unit Coulomb/m$^2$ and the side of the cube is of length $h$. I have deduced that $\hat{x}\rho...
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A very long insulating cylinder of charge of radius 2.00 cm carries a uniform linear density of 17.0 nC/m . If you put one probe of a voltmeter at the surface, how far from the surface must the other probe be placed so that the voltmeter reads 190 V ? d =....cm
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Reeves Company Income Statement For the Year Ended December 31, 2014 Sales revenue $44,000 Cost of goods sold 16,500 Gross margin 27,500 Depreciation expense 5,500 Selling and administrative expenses 13,200 Operating income 11,800 Interest expense 2,200 Income before taxes 9,600 Income tax expense 2,400 Ne...
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Rieger International notes that the cost of debt capital for the firm is 9%. The cash flow stream associated with this project, for the next four years, is shown in the following table. Year 1 Year 2 Year 3 Year 4 Net Cash Inflow (Outflow) $140,000 $370,000 ($160,000) $230,000 Calculate the net present value of thi...
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3-year discount factors of 0.8734, 0.7513, 0.6355 Bank discount rates for 3-, 6-, and 9-year Treasury bills are 2.00%, 1.98% and 2.05% respectively. Assume a 360-day year. What is the corresponding 91-day treasury bill's bank discount rate? Show answer to two decimal places.
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You just took out a $20,000 loan for a new car with three annual payments of $7,000. Assume that the first payment is due in one year. What is the effective interest rate on the loan?
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Let F = xi + 2yj + zk. Calculate the flux of F through the portion of the surface z = 9 - x^2 - y^2 above the xy-plane, oriented upward.
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What is the remainder when 1!+2!+3!+4!...+500! is divided by 5?
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To start her own business, Phillip Corporation issued 18,000 shares of common stock and 5,000 shares of 10 percent, $50 par cumulative preferred stock at par value on January 1, 2011. Assume that on December 31, 2011, the corporation had $160,000 of net income and declared and paid $25,000 of cash dividends. The corpo...
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The following are several items involving Salazar Company's cash flow activities for 2016. Net Income $59,200 Cash receipts from issuance of common stock $22,400 Purchase of equipment $42,100 Purchase of land $19,800 Depreciation expense $21,500 Patent amortization expense $1,500 Payment of dividends $21,700 De...
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Find the work done by the force field F=(y² + x³/√(1+x²))i + (x³ + y²/√(1+y²))j in pushing a particle counterclockwise once around the circle x²+y²=4.
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Mr. Jones has an opportunity to invest in a new project. He estimates that the project will result in an initial loss of {eq}\$15,000 {/eq} in year {eq}1 {/eq}. However, he expects the project to result in a stream of positive cash flows of {eq}\$5,000 {/eq} in year {eq}2 {/eq}, {eq}\$10,000 {/eq} in year {eq}3 {...
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Pine Company developed the following standards for its products: Variable overhead per unit of output 3 hours at $18.00 per hour Fixed overhead per unit of output 4 hours at $22.50 per hour During the last period the company manufactured 60,000 units and incurred the following overhead co...
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Allen Air Pollen Company bought a computerized lathe for $24,000. The lathe will have no salvage value after five years, at which time it is expected to be obsolete. If the lathe is properly disposed of at the end of five years, the company will also incur disposal costs of $1,000. If the lathe is used in the company's...
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The solubility of {eq}Mg(OH)_2 {/eq} is 10.9 g/L. Calculate the {eq}K_{sp} {/eq} for {eq}Mg(OH)_2 {/eq}.
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Using relative extrema, find the {eq}y{/eq}-intercept for {eq}f(x) = x^3-3x^2+1{/eq}.
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A uniform thin rod of length {eq}l = 1.2 {/eq} m and mass {eq}M = 3.0 {/eq} kg is attached to a horizontal pivot at distance {eq}l/4 = 0.30 {/eq} m below the top of the rod. A cylinder of radius {eq}r = 2.0 {/eq} cm and mass {eq}m = 1.8 {/eq} kg is attached to the road at distance {eq}l/4 = 0.30 {/eq} m above the...
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The government wants to raise a fixed amount of tax revenue by imposing an excise tax in the market for beer and/or in the market for wine. Assume that the supply is perfectly elastic in the two markets, that neither the demand for beer nor the demand for wine are perfectly elastic, but that the demand for wine is more...
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John is planning on repaying a debt of $25,000 with a quarterly payment of $1,200 for the next 23 quarters and a final payment of X dollars at the end of the 24th quarter. If the interest rate is 12% per year, compounded quarterly, what will be John's final payment? a. $10,173 b. $14,223 c. $13,070 d. $13,918
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Duro Company has two divisions. The following information is available for the first quarter of the current fiscal year: Division A Division B Sales$1,320,000$1,200,000 Variable Cost of Goods Sold 880,000960,000 Fixed Cost of Goods Sold 330,000180,000 Variable Selling and Administrative Expenses 132,00060,000 Fixed ...
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For a particular stock, the probability of an uptick is 0.30, the probability of a downtick is 0.30 and the probability of a sideways movement is 0.40. What is the probability that in 7 trading days the stock will have an uptick and then 3 downticks and then 3 sideways movements? Express the answer to 4 decimal places.
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An analyst developed the following schedule of operating cash flow for a project: Year Revenue EBIT Taxes Cash Flow 1 $2,000 $500 $175 $325 2 $2,000 $500 $175 $325 3 $2,200 $550 $193 $357 4 $2,500 $625 $222 $403 ...
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Allen, Inc., has been in business for four years. During the current year, the company had the following inventory purchases and sales: Purchase Sales January 1 beginning inventory 200 units at $150 May 7 600 units at $140 September 12 350 units at $120 December 30 500 units at $130 July 13 200 units August 21 400...
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Suppose that trucks arrive at a receiving dock with an average arrival rate of 3 per hour. What is the probability that no more than 2 trucks will arrive in a two-hour period?
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The prime factorization of $200!$ is $200!=2^a3^b5^c7^d \cdots$. Find $d$ (i.e., the largest power of 7 dividing $200!$)
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Assume that Oldaker Corporation has just paid a dividend of $1.75. The forecast for the upcoming year is for the dividend to increase by 15%. The dividend is then expected to grow at a steady rate of 5.5% per year. The required return on the stock is 13%. What is the expected stock price 4 years from now? (Hint: use ...
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The money demand curve slopes downward because a rise in interest rates causes _____. (a) bonds to become more attractive (b) the Fed to decrease the quantity of money in circulation (c) the opportunity cost of holding money to decrease (d) investment spending to decrease (e) consumption spending to decrease.
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I have to find the expected value of the sum of the rolls of two fair dice. I think the formula is: E(X+Y) = E(X) + E(Y). From before I have found E(X) = E(Y) = 3.5. So is the answer 7?
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Byou Co. issued 15-year bonds two years ago at a coupon rate of 8.4 percent. The bonds make semiannual payments. If these bonds currently sell for 94 percent of par value, what is the YTM? a. 8.52 percent b. 7.72 percent c. 8.88 percent d. 8.13 percent e. 9.20 percent
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Compute the Euler totient function $\phi(4259)$.
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A 150-turn rectangular coil of wire, 22 cm by 15 cm, has current I=2.0 A flowing through it. What is the largest torque that can be obtained by placing this coil in a magnetic field? A) 103 Nm B) 310 Nm C) 35 Nm D) 0.31 Nm
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A 12 year machine costs $34,000. Annual profit = $12,000; Machine life = 8 years; Scrap value = 0. Depreciation rate = 14.29%. Find IRR = ?(without tax)
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Good-Bye Company has the following financial information at the end of the year: Prior Year Current Year Net Income $760,000 $790,000 Depreciation Expense $145,000 $170,000 Dividends Paid $560,000 $650,000 Accounts Receivable $1,400,000 $2,000,000 Inventory $3,600,000 $2,300,000 Accounts Payable $360,000 ...
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What volume of 0.115 M HClO4 solution is needed to neutralize 40.0 mL of a 0.0875 M {eq}Ba(OH)_2 {/eq} solution?
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Suppose {eq}E(x,y)=10xy^2 {/eq} is the joint probability density function of the random variables X and Y. Compute {eq}P(1<x<3, 2<y<4) {/eq}.
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What's wrong with the following proof that the set {x1, x2, ..., xn} is linearly dependent? We know that the matrix A has a null space of dimension 1, so for any vector x in the null space of A, we have Ax = 0. If {x1, x2, ..., xn} were linearly independent, then the only solution to the equation a1x1 + a2x2 + ... + an...
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What is the oxidation state of I in ICl?
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