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Which one of the following is a cash inflow from financing activities? a. Stock Dividends b. Payment of Dividends c. Issue of Preferred Stock d. Repurchase of Common Stock e. Bank Loan
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Peterson Corporation, which uses job-order costing, had the following data for the month of September: Indirect Material used$11,200 Total factory overhead$202,000 Total direct materials used$80,000 Total direct labor cost$121,000 Factory Overhead allocated$161,200 Cost of goods sold (unadjusted)$294,000 Peterson's ...
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If P - MC > AC at all levels of output, then increasing production will result in a. increased profits. b. decreased profits. c. higher costs. d. increased price.
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The problem involves calculating the total net cash flow into a savings account over two years. The account pays 3.5% annual interest compounded monthly, and a $5000 deposit is made at the beginning of each month for two years. Given that the month index t starts at 1 and increases by 1 each month, with an initial valu...
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Vega Co. received its bank statement at 5 p.m. on May 30. At 3 p.m. on May 30, Vega had $7,600 deposited in its checking account. The bank statement showed a balance of $7,000 and listed the following checks from Vega: No. 115 $100 No. 116 $200 No. 117 $100 No. 118 $100 On June 1, Vega's cash register indicated t...
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Wolsey Industries Inc., has adopted the following operating policy: All merchandise purchases are recorded at estimated cost. No changes are made to the initial recorded cost until the final cost is determined. When inventory is sold, the selling price is recorded in the sales journal. Cost of goods sold is recorded ...
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Find $g'_{xyz}$ of the following: $g(x, y, z) = xye^z$.
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The following data relating to direct labor for February of the current year are taken from the records of Nighttime Company: Actual direct labor hours 53,500 Total direct labor payroll $322,600 Efficiency variance $5,425 F Rate variance $47,500 U The standard direct labor-hours for February are: A. 53,500 hours B....
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A circuit board used in industrial control systems contains six different types of surface mount components that must be placed on the board. On any redo, the first of the six components is always placed correctly. For the remaining components, the probability is 0.96 that a component is placed correctly. What is the p...
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A neutral solid conducting cylinder rotates about its axis with angular speed {eq}\omega {/eq} = 1600 rad/s. In addition, there is an external magnetic field of induction B directed along the cylinder's axis. What must the magnitude of the magnetic field so that no electric field is created inside the conductor? (The ...
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Angler Productions recorded bond issuance costs of $13,482. The issuing corporation sold the bonds at a premium over par value. The entry to record the redemption of the bonds would include a: A. Credit to Unearned Bond Sinking Fund for $13,482. B. Credit to Premium on Bonds Payable for $13,482. C. Debit to Unearned...
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Consider a series RLC circuit with R = 335 {eq}\Omega {/eq}, L = 65.0 mH, C = 75.0 {eq}\mu {/eq}F and a maximum voltage of 141 V. For what value of the phase angle {eq}\phi {/eq} is the power in the circuit 80% of the maximum power?
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If a country has a current account deficit then: a) It must also have a capital account deficit, b) It must also have a capital account surplus, c) It may have a capital account surplus or deficit, d) Its national savings is equal to its national investment.
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If Roten Rooters, Inc., has an equity multiplier of 2.06, a total asset turnover of 2.25, and a profit margin of 6.1 percent, what is its ROE?
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A monopolistic firm maximizes profits by producing where marginal revenue equals A. average total cost B. total revenue C. marginal cost D. average fixed cost E. None of the above
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Using L'Hopital's rule, how do you find the limit of (2sinx-sin2x)/xsinx as x approaches pi/2?
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Find the number {eq}z{/eq} such that the proportion of observations that are less than {eq}z{/eq} in a standard Normal distribution is 0.8.
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It's now 3:00. In 121 hours, what will be the time (hours:minutes) on a 24-hour clock?
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The direct labor variance is $6,200 (U), and the direct labor efficiency variance is $1,800 (F). What is the actual direct labor cost?
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Sheldon Science Corp. is considering replacing an existing piece of equipment. This project involves doing the following: The New equipment will have a cost of $8 million and it will be depreciated on a straight line basis over a period of six years (years 1 -6). The old machine is also being depreciated on a straight...
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State Mutual wants to calculate next year's capital budget. The firm's marginal tax rate is 32%. The firm's after-tax cost of debt is 7% and its cost of equity is 14%. The firm's target capital structure is 30% debt and 70% equity. This year the company is expected to generate $10 million in earnings. The company also ...
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"Clicks and bricks" is another name for the _____ model of virtual organizations. A) star alliance B) virtual face C) virtual space D) virtual broker
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In the reaction mechanism $2\text{A}\rightarrow\text{D}$, rate constant is $k_1$, the same mechanism is $2\text{D}\rightarrow\text{C}$ with rate constant $k_2$. For the overall reaction $2\text{A}\rightarrow\text{C}$ what is the net rate constant?
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Mesa Tables Co. uses a four-column bank reconciliation. The bank statement reports May payments of $1,335, including service charges of $15. At the beginning of May, there were $75 of checks outstanding. At the end of May, there were $130 of checks outstanding. Before recording the bank service charge, Mesa Tables must...
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It is possible that an increase in a firm's equity multiplier would not increase its ROE if: A. the firm increases its after-tax profit margin. B. the firm's return on assets is greater than its cost of debt. C. the firm's cost of debt is greater than its return on assets.
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At the end of the last accounting period, Lopez Company reported the following information: Accounts Payable$200,000 Accounts Receivable$170,000 Bank Loan$100,000 Bonds Payable$250,000 Building$1,500,000 Mortgage Payable$600,000 Cash$20,000 Common Stock ($1 par)$1,000,000 Employee Loans Payable$120,000 Furniture$850,...
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HC Corporation is considering a plant expansion decision that has an estimated useful life of 20 years. The project has an internal rate of return of 14 percent and a payback period of 10 years. If the expected salvage value of this project in 20 years is decreased, this will: a) Increase the internal rate of return ...
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Which of the following statements are true: (a) The salvage value is the best prediction of what an asset could be sold for at the end of the time horizon. (b) It should not be used to justify marginal investments. (c) In theory, it is equal to the present value of the future cash flows of the asset. (d) All of the...
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June Corporation recently hired a new full-time managing marketing director who is expected to generate new ideas that will save the company money. The marketing director is paid $26,000 per year and also receives a bonus of 5% of June's net income. June's revenue for the year just ended was $800,000. Manufacturing ove...
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Investors require a 12 percent per year return on the stock of a company with constant dividend growth. The company paid a $4 per share dividend, and the dividend is expected to grow at a constant 10 percent per year. What is the projected dividend for the fifth year?
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Use the Divergence Theorem to find the outward flux of {eq}F{/eq} across S. {eq}\iint_S(8 x i + 8 y j + 2 z k) \cdot N ds, S{/eq} is the sphere with radius 3 centered at the origin.
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JPhone Inc has an equity multiplier of 1.32, total asset turnover of 1.85 and a profit margin of 6.7%. What is its ROE?
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The owners of a chain of marketting consulting firms are interested in predicting the firm's earnings potential. They have gathered the data contained in the following table (t = years since 1996): 1996(t=0) 1997(t=1) 1998(t=2) 1999(t=3) 2000(t=4) Sales ($ millions) ...
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Last year National Aeronautics had a Fixed Assets/Sales ratio of 50%, comprised of $300 million of sales and $150 million of fixed assets. However, its fixed assets were used at only 75% of capacity. Now the company is developing its financial forecast for the coming year. As part of that process, the company wants to...
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Which of the following is a correct statement of the capital maintenance concept? a. A company can sustain its capital base only by earning a profit. b. A company can sustain its capital base only if profits are not distributed as dividends to the owners. c. A company can sustain its capital base only if profits are...
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Master Movers provides a variety of moving and storage services. The company specializes in small moves. It uses a standard cost system to collect and assign costs to moves. It is preparing the annual budget for the year and has the following information available. Per move Per direct labor hour Per foot of moving sp...
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Consider a perfectly competitive firm that is profitable in the short run. At its optimal short-run output level, which of the following is true? a. {eq}P > \bar {AC} {/eq} b. {eq}P = \bar {AC} {/eq} c. {eq}P < \bar {AC} {/eq}
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What is the present value of $2,000 to be received at the end of each of 20 periods, discounted at 5 percent compound interest? (Round factor values to 5 decimal places, e.g. 0.52755 and final answer to 0 decimal places, e.g. 450.)
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During September, {eq}JMR {/eq} Company sells {eq}25,000 {/eq} watches for {eq}\$225.00 {/eq} each. The company has the following inventory purchase transactions for the month of September: Date Transaction Number of units Unit cost Total cost 1-September Begin...
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For which values of the constant c is the following integral convergent? $$\int_0^\infty\frac{e^{cx}-1}{x} dx$$
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You have been hired as a consultant for Denver Corporation, the largest employer in your state. The CEO has asked you to estimate the firm's WACC to determine its cost of capital. The balance sheet shows: Net Working Capital: $150,000 Long-Term Debt: $800,000 Total Assets: $2,500,000 The market value of equity is $80...
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Firm XYZ does not face competition. Its demand curve is downward sloping. When it reduces its price by $1, its output increases by 100 units. The marginal revenue from the 101st unit will be: a) greater than $1, b) less than $1, c) equal to $1, d) more information is needed.
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A firm's marginal cost function is $MC(q)=3q^{2}+10$. Find the total cost over the interval $[0,5]$.
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Use Stokes' Theorem to evaluate {eq}\int F. dr{/eq} for the given vector field F and oriented surface S. {eq}F(x,y,z)=2y\cos zi + e^{\sin z}x \ j +x^2y \ k {/eq} S is the hemisphere {eq}x^2+y^2+z^2 =a^2{/eq}, y {eq}\geq{/eq} 0 oriented in the direction of the positive y-axis.
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As a result of a 20% increase in the price of good x, the demand for good y has increased. Based on this information, we know that _____. A. good x is a normal good and good y is an inferior good B. good x and good y are substitutes C. good x and good y are complements D. good x is an inferior good and good y is a ...
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$$\sum_{k=1}^\infty \frac{a^k}{a^k-1}$$ I used ratio test to find radius of convergence: $$\lim_{k \to \infty} \left | \frac{a^{k+1}}{a^{k+1}-1} \cdot \frac{a^k-1}{a^k} \right |$$ I am unsure how to simplify this expression. My initial thought is to use L'Hospital's rule but the variable is a constant. Any other though...
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Let $L/K$ be a field extension, $D$ be an integral domain that contains $K$, and $\sigma_1,...,\sigma_n$ be $K$-isomorphisms of $D$ into an algebraic closure $\bar{L}$ of $L$ such that $\sigma_i(D)=D$ and $\sigma_i|_K:K \longrightarrow L$ is an $K$-monomorphism. Let $f \in K[X]$ be an irreducible polynomial with $\deg(...
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For the sequence given by $a_n = \dfrac {n^2 + n} {n^2 + n + \sqrt n}$, I need to find a number $k$ and a sequence $b_n$, where $\lim_{n \to \infty} b_n = 0$, such that $a_n \ge b_n$ for all but finitely many $n$ (to show divergence). What is $k$ and $b_n$ in this case? I know that by the limit comparison test $a_n \to...
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Accrued revenues in the adjusted trial balance are: a. both revenues and assets b. both revenues and liabilities c. both expenses and assets d. both expenses and liabilities
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A pension fund manager is considering three mutual funds. The first is a money market fund that pays a guarateeed annual interest rate of 2.10%. The second is a large-cap stock fund that pays an expected return of 10% per year with a standard deviation of 14%. The third is a small-cp stock fund that pays an expected re...
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A college student is planning to buy a vehicle at the start of her senior year in college and will make the purchase with savings earned over the 4 years of college. She establishes a goal of saving $22,000 in 4 years. The student currently has $1,200 to invest and plans to make annual investments at the start of each...
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You purchased an annual interest coupon bond one year ago with six years remaining to maturity (when you purchased the bond) at the time you bought the bond the yield to maturity was 8%. If the face value of the bond is $1,000, what is the amount of the coupon interest payment? A) $80 B) $40 C) $88 D) $168
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The fixed overhead rate is $10 per direct labor hour ($8 for variable overhead and $2 for fixed overhead) based on 100% of the normal capacity of 30,000 direct labor hours. The standard cost and the actual cost of factory overhead for the production of 5,000 units during May were as follows: Actual Variable Overhead ...
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Last year, fixed manufacturing overhead was $22,000 and variable manufacturing overhead was $42,000. This year, fixed manufacturing overhead is $22,000 and variable manufacturing overhead is $43,000. The inventory at the end of last year was overvalued by $600 under variable costing. The inventory at the end of this ye...
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Calculate $f(\frac{1}{2}, \frac{1}{2}, \frac{1}{2})$ where $f(x,y,z)=(\frac{x}{y+z})^{2007}+(\frac{y}{z+x})^{2007}+(\frac{z}{x+y})^{2007}$. Is there an alternate method to prove that $f(x,y,z) \ge 3$, such as using the Minkowski inequality or other approaches?
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A muon travels 60 km through the atmosphere at a speed of 0.9993c. According to the muon, how thick is the atmosphere?
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Hubble Corporation's stock has a required rate of return of 10.25%, and it sells for $35.00 per share. The dividend is expected to grow at a constant rate of 6.00% per year. What is the expected year-end dividend, D1? a. $0.93 b. $0.81 c. $0.86 d. $1.35 e. $1.05
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A uniform thin rod of mass M = 3.6 kg and length L = 1.2 m is attached to a horizontal pivot. A bullet of mass m = 0.0236 kg is moving to the right with speed v = 650 m/s and strikes the rod at a distance d = 0.55 m to the right of the pivot. After the collision the bullet becomes embedded in the rod. Find the maximum ...
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Project X has the following cash flows: Year 0 - $ 75,000 Year 1 15,000 Year 2 16,250 Year 3 20,000 Year 4 37,500 Year 5 50,000 What is the IRR of this project?
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Which of the following is not one of the integrative views of creativity? (a) Environmental conditions (b) Nature of the task (c) Personal characteristics (d) Culture of the organization.
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Charles & Sons Furniture receives a special order for 1,200 booths for a special (total) price of $28,800. The materials and direct labor for each booth are $60. In addition, the setup, supervision, and other overhead costs are $54 per booth. If Charles is currently operating at full capacity, what would be the opport...
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Find the level of production {eq}x {/eq} at which the marginal cost function {eq}MC = 3x^2-60x+400 {/eq} is minimized.
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ABC Corporation will pay a $4.50 per share dividend next year, and dividends thereafter are expected to grow at 6.1 percent per year. The risk free rate is 3.5 percent and the market risk premium is 7 percent. ABC's beta is 0.85. What is the value of a share of ABC stock?
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Goofy Inc. bought 15,000 shares of Crazy Co.'s stock for $204,000 on May 5, 2013, and classified the stock as available for sale. The market value of the stock declined to $116,000 by December 31, 2013. Goofy reclassified this investment as trading securities in December of 2014 when the market value had risen to $160,...
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On January 1, Frost Corp. sells a fully depreciated machine for $5,000 cash. On January 2, Frost leases the machine back from the bank for the original purchase price of $8,000. The lease term is for 10 years. How should Frost report the sale and leaseback transaction on its January 2 balance sheet? a. The machine is ...
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You may need to use the appropriate appendix table to answer this question. What rate of return should an investor expect for a stock that has a beta of 0.6 and a 12 percent market return, given a 3 percent risk-free rate? (Round your answer to 2 decimal places. Omit the "%" sign in your response.) Rate of return ___...
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You currently own a portfolio valued at $49,000 that has a beta of 1.13. You have another $10,000 to invest and would like to invest it in a manner such that the portfolio beta decreases to 1.10. What does the beta of the new investment have to be?
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If the Japanese yen per U.S. dollar increases from 100 to 110 yen per dollar, the dollar has ___________ against the yen and the exchange rate of dollars to yen has ____________. a) appreciated; increased b) appreciated; decreased c) depreciated; increased d) depreciated; decreased
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Verify that the Intermediate Value Theorem applies to the function f(x) = 3 - \frac{2}{x^2} on the interval [1, 3] and find the value c guaranteed by the theorem such that f(c) = 2.
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Find the Jacobian of the transformation {eq}T: (r, \theta) \rightarrow (x, y){/eq}, given {eq}x = 4e^r\cos\theta{/eq}, {eq}y = 5e^r\sin\theta{/eq}
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Given the following data, determine the cash flows from operating activities section of the statement of cash flows using the indirect method. Sales: $129,000 Cost of goods sold: $98,000 Depreciation expense: $10,400 Selling and administrative expense: $12,800 Increase in accounts payable: $3,000 Decrease in inventory:...
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Suppose RST Inc. is considering a rights offer. The company has determined that the ex-rights price will be $70. The current price is $77 per share, and there are 15 million shares outstanding. The rights offer would raise a total of $30 million. What is the subscription price?
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Tinex, Inc. sells its product for $80 per unit. Variable manufacturing costs per unit are $50 and fixed manufacturing overhead is $150,000. Variable selling and administrative expenses are $10 per unit and fixed selling and administrative expenses are $60,000. If sales are expected to be 5,000 units, what is the margin...
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Enterprise Industries must replace an old machine with a new state-of-the-art numerically controlled machine. The old machine now in use could be sold now for a market value of $2,800. The new machine being considered, Machine A, would cost $129,600. Cash operating costs with the new machine would be $33,000 per year. ...
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Find the rate of return, given the following data: Period 0: {eq}- \$250 {/eq} Period 1: {eq}+\$30 {/eq} Period 2: {eq}+ \$200 {/eq} Period 3: {eq}-\$100 {/eq} Period 4: {eq}+ \$150 {/eq} Period 5: {eq}+ \$100 {/eq} a. {eq}23.1 \% {/eq}. b. {eq}19.2 \% {/eq}. c. {eq}13.5 \% {/eq}. d. {eq}15.8 \% {/e...
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Consider an economy in which only the quantities of goods and services produced and the prices of these goods and services have changed since 1980. In 1980 the nominal GDP was $850 billion and the real GDP was $700 billion. In 2000 the nominal GDP was $2,400 billion and the real GDP was $1,900 billion. Between 1980 an...
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I need to get 150 total as well as 21 total for each category, and all the categories have to have the same total. The formula for the output total is =((G6+G7+G8)*($B$10/$B$7)+$C$10). Also, for the output we can't take more than 40% of the input. Category 1 Input: 20 20 20 Category 1 Output: 14 16 16 Category 2 Inp...
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With all other variables being equal, which one of the following random variables has the largest standard deviation? a) X with a large positive value of skewness b) Y with a mode of 0 and a range of 10 c) Z with a large positive value of kurtosis d) X with a range of 10 e) Z with a kurtosis of 3
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Mikkelson Corporation's stock had a required return of 11.75 percent last year, when the risk-free rate was 5.50 percent. Then, expected inflation fell by 0.75 percent and the real risk-free rate remained constant. If the risk-free rate is now 4.25 percent, what is the company's new required rate of return? a) 9.42% ...
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If the current period's materials price variance is favorable and the inventory levels at the beginning and end of the period are unchanged, then: A. the cost of purchases was less than the cost of materials used in production. B. the ending inventory was valued at a lower cost than in the prior period. C. the endin...
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Suppose that during 2010 Cypress Semiconductor Corporation reported a net cash provided by operating activities of $119,409,000, a net cash used in investing activities of $182,699,000 (including $112,423,000 cash spent for plant assets) and net cash used in financing activities of $26,826,000. During 2010, dividends o...
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Find the exact length of the curve. Use a graph to determine the parameter interval. {eq}r = 1 - \sin \theta{/eq}
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The yield to call for the bonds issued by ITT Corporation is 5.56 percent. The bonds have a par value of $1,000, a coupon rate of 6.400 percent paid semiannually, and they mature in 13.5 years. It is selling for $1,085.85. What is the number of years to call? Round your answer to the nearest whole year.
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New Corporation has the opportunity to invest in a new project, the details of which are shown below. How much is the annual interest expense on this loan? (Assume the company pays interest annually.) Cost (original investment) $28,000 Annual net cash inflow $8,000 Expected life of project 12 years Interest rate on...
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A university's administrator wishes to develop a model that describes the relationship between the number of hours a student studies each day and the student's grade on the final exam. The population regression equation is stated as {eq}\mu_{y|x}=\beta_1+\beta_2x {/eq}. Which of the following statements is a valid int...
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Suppose the price level at time t is denoted by {eq}P_t {/eq} , and the price level at time t + 1 is denoted by {eq}P_{t+1} {/eq} . Suppose the expected price level at time t + 1 is denoted by {eq}E_tP_{t+1} {/eq} . Which of the following represents the Fisher effect equation? (a) {eq}i_t= E_tR_{t+1}-\pi_t {/eq} ...
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A total loss of furniture with a fair market value of $30,000 occurs. The office furniture has accumulated straight-line depreciation of $20,000. Which of the following statements is correct? A) The recognized loss is $10,000 and the $30,000 in furniture must be deducted. B) The recognized loss is $10,000 and the $30...
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Alpha Company had the following account balances for 2014: Dec. 31Jan. 1 Accounts receivable$45,000$38,000 Accounts payable44,00049,000 Alpha reported a net income of $230,000 for 2014. Assuming no other changes in current account balances, what is the amount of net cash provided by operating activities for 2014 re...
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The NASA spacecraft Discovery makes an almost-perfect circular orbit, 480 km above Earth's surface, at an orbital speed of 7784 m/s. Consider two such spacecraft, separated by several diameters and traveling with the same velocity of 7784 m/s. The number of revolutions taken for the leading spacecraft to overtake the t...
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The number of shares of a class of stock that a person can own is usually: A. limited only by the discretion of the board of directors. B. unlimited. C. limited to some very large number by the terms of the corporate charter. D. limited to a very small number by the terms of the corporate charter.
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What is the pH at the equivalence point when 25.0 mL of 0.10 M acetic acid is titrated with 0.10 M potassium hydroxide? K(a) for CH{eq}_3 {/eq}COOH = 1.8 x 10{eq}^{-5} {/eq}
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As the percentage of debt in its capital structure increases, the cost of equity for a firm: a. increases. b. decreases. c. remains constant. d. may increase, decrease, or have no relation to the cost of equity.
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Department A had 4,000 units in work in process that were 60% completed at the beginning of the period at a cost of {eq}\$12,500 {/eq}. During the period, 14,000 units were transferred to Department B. Department A had 3,000 units in work in process that were {eq}25\% {/eq} completed at the end of the period. All mat...
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A bank loaned $2 million to a firm for a 5-year period at 9 percent interest. What is the total amount of interest paid by the firm to the bank on this loan? a. $900,000 b. $1,046,220 c. $2,000,000 d. $2,430,000
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A hedger takes a long position in a futures contract on November 1, 2009, to hedge exposure on March 1, 2010. The initial futures price is $20. On December 31, 2009, the futures price is $21. On March 1, 2010, it is $24. The contract is closed out on March 1, 2010. What gain is recognized in the accounting year January...
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Assuming we have 10 distinguishable balls and 5 distinguishable boxes. Each box has a capacity of 3 balls. In how many ways can we distribute the balls into the boxes?
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Billions of pounds of phenol are used annually for the production of polyester resins, epoxy resins, and other chemicals. It is made by the catalytic dehydrogenation of cyclohexanol. CyclohexanolPhenol The heat of reaction is 132 kJ/mol phenol formed, and the heat capacities of the reactants and products may be taken...
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Your firm is considering buying a machine having to do with the production of special latex material. The material will be used for medical testing. The machine costs $455,000 and is expected to have a 7 year life with no salvage value. Depreciation is based on straight line basis. This machine will produce 2,500 units...
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Hoobastink Company manufactures two types of office chairs, Model A and Model B. It estimates the following results for next year. Sales Revenue $400,000 $480,000 Variable Expenses 200,000 250,000 Contribution Margin $200,000 $230,000 Fixed Expenses 150,000 150,000 Operating Income (Loss) $50,000 $80,000 Estimat...
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Hollis Corporation's EBIT is $200,000 annually. The firm currently has no debt. It could issue enough debt to finance a project that would yield estimated annual pre-tax profits of $40,000. Assuming the firm's tax rate is 50%, what is the firm's optimal capital structure if its after-tax cost of debt is 8% and its cost...
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