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A job-order shop has 4 machines and 3 jobs to be completed. Each machine can complete any job in a given amount of time, as listed in the table below. Jobs are assigned to machines on the basis of the shortest processing time. What is the total processing time? TIME TO COMPLETE JOB ON MACHINE (in hours) Job A Job ...
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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 F = xzi + 2xyj + yzk. Find the work done. W = {eq}\oint _{c} {/eq} F.dr = _____
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A 50.0 mL sample of a 0.115 M HBrO{eq}_2 {/eq} solution is titrated with a 0.100 M NaOH solution. What is the pH after 35.0 mL of the NaOH solution is added? (pKa = 8.74)
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The trade-in of equipment having a book value of $35,000 and an original cost of $60,000 for new equipment with a market value of $50,000 is accounted for in which of the following ways? a. As a loss on sale of $15,000 and the acquisition of new equipment for $50,000. b. As a reduction in the cost of new equipment to...
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A sphere has a radius of 0.20 meters and a uniform surface charge density equal to {eq}6.3\ \mu C/m^2 {/eq}. A second point charge has a magnitude of {eq}0.58 \mu C {/eq} and is {eq}0.61 {/eq} meters from the center of the sphere. Find the magnitude of the net electric field at the center of the sphere.
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The money supply is $100 billion. The demand for money is Qd = 100 + 0.5Y -100r and the supply of money is Qs = 1,000 - 100r. If Y = 1,000, then the price level P equals: a. 1 b. 2 c. 4 d. 10 e. None of the above.
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Jasper Corp. purchased an inventory of goods. At the time of purchase, the Goods in transit were FOB destination. The cost of the inventory on the books of Jasper Corporation is increased by the amount of the freight-in charge when the: a. goods are shipped. b. goods are paid for. c. goods are received. d. goods ar...
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Use Newton's method to find the approximate solution to {eq}e^{-x} = x {/eq} to 5 iterations, starting with {eq}x_1 = 1.0 {/eq}.
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1. Your neighbor has a tree that blocks your view of a distant hill. Your neighbor values the tree at $100. You value the tree's removal at $150. Tree removal costs $60. In this case, property rights are clear. Your neighbor owns the airspace extending above his house for some distance. Transaction costs in this case:...
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Brewer Corp., currently has an accounts receivable balance of $530,000. The company estimates its credit sales for the coming year at $3,820,000. The company uses the percentage of credit sales method to estimate its required level of accounts receivable. Management estimates that 1% of credit sales will be uncollectib...
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Piston Motor Company of Japan is a leading international manufacturer of automobiles, motorcycles, all-terrain vehicles, and personal watercraft. As a Japanese company, it follows Japanese GAAP and reports its financial statements in billions of Yen. A simplified version of its recent balance sheet contained the follow...
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If a coupon bond is selling for more than its par value, then its current yield: a. Is greater than its yield to maturity. b. Is less than its yield to maturity. c. Is equal to its yield to maturity. d. Is less than or equal to its yield to maturity. e. Is greater than or equal to its yield to maturity.
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What price are you willing to pay to purchase the 3-stock portfolio? Round the answer to the nearest hundred dollars. Note: Your answer should be a positive number. 70%, 25%, 5% Expected return 15.00% 20.00% 13.00% Standard Deviation 38% 43% 27%
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When consumers are required to pay a fraction of the cost of their medical treatment: A. it has no effect on the demand for health care services, but does generate revenue for the government. B. it reduces the income elasticity of demand for health care services. C. it reduces the demand for health care services to ...
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A noncompetitive oligopoly is a market structure in which: A. firms take the price set by the market as given. B. there are only two firms. C. the industry's demand curve is the same as each firm's demand curve. D. each firm's output decision has no impact on the market price.
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Required: Bondholders may hold a company responsible for repayment even after it has been liquidated. What is this called? {eq}(A) \; {/eq}Call {eq}(B) \; {/eq}Par {eq}(C) \; {/eq}Premium {eq}(D) \; {/eq}Pari-passu {eq}(E) \; {/eq}Subordination
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One-pound standard ice at 32°F is placed in a perfect vacuum at 3000 psia. The ice will melt because its temperature increases. During this process, heat is transferred from the surroundings, and the work done by the ice is equal to the enthalpy of fusion of the ice. Calculate the final temperature of the system at the...
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You are considering borrowing $50,000 for 3 years at an interest rate of 8%. The lender offers to let you skip making the interest payments for the next 3 years, but at the end of the 3 years, you must make a single payment to settle the account. What single payment will you have to pay at the end of the 3 years to set...
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Grind Co. is considering replacing an existing machine. The new machine is expected to reduce labor costs by $147,000 per year for 5 years. Depreciation on the new machine is $89,000 per year compared with $57,000 on the old machine. In addition, inventory will increase from $250,000 at t = 1 to $308,000 at t = 2 and r...
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If the real risk-free rate is 3.05%, the average expected future inflation rate is 2.35%, a maturity premium of 0.02% per year is appropriate, and the yield on 2-year corporate bonds is 6.35%, what is the default risk premium on the corporate bond (in basis points)? Answer in basis points (100th of a percentage point).
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Which of the following would cause the corporate value to be lower? a) Increasing the expected growth rate of sales. b) Increasing the dividend-payout ratio. c) A change from a stock with low beta to an average stock. d) Increasing the number of good investment projects in the firm's portfolio.
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The regression equation for overhead was Y= $80,000 + $5X. This indicates that the company has: A) a positive fixed overhead variance and a variable overhead efficiency variance. B) a positive fixed overhead volume variance and a favorable variable overhead rate variance. C) a positive fixed overhead volume variance...
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You can earn 1% per month in risk-free investments like 3-month T-bills. What is the value today of $100 of your wages to be received in 1 month, 2 months, and 1 year from now?
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Round corporation had the following sales and production for the past four years: Year 1Year 2Year 3Year 4 Production in units5,0006,0005,0005,000 Sales in units4,0005,0005,0007,000 Selling price per unit, variable cost per unit, and total fixed costs are the same each year. There were no beginning inventories in...
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Which of the following statements is false? a) The government always generates more tax revenue when it increases the tax. b) The supply of a good or service is perfectly inelastic in a perfectly competitive market. c) The value of consumer surplus depends on the slope of the demand curve. d) The value of producer ...
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A put option and a call option with an exercise price of $55 and three months to expiration sell for $1.00 and $5.30, respectively. If the risk-free rate is 4.2% per year, compounded continuously, what is the current stock price?
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The stock of Iowa Corporation is selling for {eq}\$80 {/eq} per share, and dividends are expected to continue at {eq}\$5 {/eq} per share next year. The firm has a retention ratio of {eq}0.60 {/eq}. What is the required return on the stock? A. {eq}6.25\% {/eq}. B. {eq}8.75\% {/eq}. C. {eq}10.00\% {/eq}. D. {eq...
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Paycheck, Inc. wants to sell 15-year bonds with a face value of $1,000 and coupon rate of 9 percent (paid semiannually). The bond's market yield is 7 percent. What is the price at which Paycheck must sell its bonds to achieve its goal of selling them at par value? (Round to the nearest cent.) A. $915.56 B. $1,000.00 ...
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Tim is trying to help his client, Bobby Hoying, construct a portfolio. Bobby has a quadratic utility function. There are three assets in the economy, labeled X, Y, and Z. Bobby's agent has already suggested three possible combinations of X, Y, and Z for him. One of these risky portfolios will eventually be combined wit...
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Tangiers Trading has an ROE of 17.4 percent and a payout ratio of 47 percent. What is the company's sustainable growth rate?
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Which one of the following can be defined as the weight of a particular security based on its current market value? A. Strategic weight. B. Book weight. C. Systematic weight. D. Market weight. E. Economic weight.
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What is the probability the mean body temperature is greater than 98.7, given that human body temperatures have a mean of 98.2 and a standard deviation of 0.7, and 93 individuals are randomly chosen?
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Find the number of integral solutions of the equation $x_1 + x_2 + x_3 = 10$ given that $1 \leq x_1 \leq 4$ and $2 \leq x_2 \leq 6$.
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Direct materials and direct labor data for three products were taken from the records of Alton Company, a manufacturer of plastic toys: Unit DataProduct AProduct BProduct C Actual data for units produced during the period:6,2004,6003,400 Standard data for units produced during the period:6,4004,7003,300 Standard di...
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Use a 0.05 significance level with the sample of 30 students to test the claim that the population mean is greater than 25. What is your conclusion?
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If the internal rate of return of a project is 12%, and the required rate of return is 8%, then the project's profitability index is: a. less than 1.0. b. greater than 1.0. c. equal to the project's payback. d. less than the project's payback. e. greater than the project's payback.
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Guangzhou Company has a 30% debt-to-equity ratio. Its current before-tax cost of debt is 6% and the tax rate is 40%. The risk-free rate is 2% and the equity risk premium is 6%. Use the WACC formula to estimate its cost of equity. a) 10.8%. b) 8.2%. c) 14.0%. d) 9.3%.
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The component cost of preferred stock is computed the same as the cost of debt because: A) interest on preferred stock is tax deductible B) preferred stock dividends are tax deductible C) preferred stock is a perpetuity D) preferred stock usually pays a fixed dividend
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A product that is very labor intensive assembled at Bays, Inc., in Memphis has an average labor cost of $20/hr. Overhead expenses are charged at 100% of labor at this company. Time for the very first unit = 10 hours. Time for the fourth unit = 8.1 hours. What is the labor cost for the 1,250-th unit? a. $118.02 b. $12...
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X Company, a manufacturer, incurred the following total costs during the year: Direct materials$47,624 Direct labor106,577 Overhead151,364 The following additional information was available: a. Revenue for the year was $83,540. b. Direct material purchases during the year were $31,138. c. Several jobs that cost a ...
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Engaging executives in turnaround refers to: a. hiring all new employees. b. changing the technology throughout the organization. c. stabilizing the company's financial position. d. revamping the organization's strategy. e. none of the above
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A 100.0 mL sample of 0.100 M methylamine {eq}\rm (K_b = 3.7 \times 10^{-4}) {/eq} is titrated with {eq}\rm 0.250\ M\ HClO_4 {/eq}. Calculate the pH after addition of 0.0 mL of {eq}\rm HClO_4 {/eq}.
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Sheridan's Market recently reported (in millions) the following: Sales $88 Costs 60 EBIT $28 Interest 8 Taxable Income $20 Taxes (at 35%) 7 Net Income $13 Dividends 4 Additi...
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The data have been collected for 20 students, showing the number of missed classes (out of a total of 100) during a recent semester and the student's average number of hours slept the night before the final exam: {eq}\displaystyle \text{Average Number of Hours Slept}\ \text{Number of Missed Classes} {/eq} 7 10 9 9...
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Assume a husband and wife are deciding what to watch on TV on a Friday night and that their payoffs are in units of happiness. There are two choices that each can say they want to watch: a football game or ice skating competition. If the husband says he wants to watch football and the wife says she wants to watch ice s...
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Ghasb, Inc. acquired a fixed asset for $155,000. Depreciation for the asset was recorded for 5 years on a straight-line basis. The asset was sold for $138,000. Which of the following statements is correct? a) Ghasb would report a gain on sale of $33,000. b) Ghasb would recognize $23,000 in total tax depreciation. c...
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Dixon Corporation was incorporated on January 1, 1995. The corporation made its S election on April 1, 1998. The corporation retains an E&P balance from its C corporation days. Which one of the following current year income and expense items is not included in Dixon Corporation's Accumulated Adjustments Account? a. Or...
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Calculate the area between f(x) = 3/x and the x-axis from [1,3] by using Riemann sum with 8 rectangles.
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Accrued revenues on December 31, 2014, were $5,000 and the cash received for these revenues in 2015 was $40,000. The income statement for 2015 showed revenue of $42,000. What was the amount of revenues (or service revenue) in the December 31, 2015, balance sheet? a. $37,000 b. $42,000 c. $47,000 d. $5,000
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If 40% of all students in a large university are female, and 64% of the students are undergraduate students, what is the probability that a randomly selected student is either male or an undergraduate? Assume that there are no male undergraduate students.
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Which of the following statements is most correct? a. if spot rates remain constant, the expected 1 year forward rate 1 year from now is the same as the current 2-year spot rate. b. the yield on a 2-year Treasury bond should always be higher than the yield on a 1-year T-bond plus the expected 1-year T-bond rate 1 yea...
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What is the probability that the minimum of two independent uniform random variables, U and V, is less than or equal to 1/2, given that U and V are both between 0 and 2?
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In a perfectly competitive market, the equilibrium price is {eq}\$8 {/eq}. A typical firm in the market has an average total cost of {eq}\$6 {/eq}, an average variable cost of {eq}\$5 {/eq}, and a marginal cost of {eq}\$8 {/eq}. What is the profit earned by a typical firm in the short-run? a. {eq}\$0 {/eq} b. {e...
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Determine the volume of the solid above the cone {eq}z = \sqrt{x^{2} + y^{2}} {/eq} and inside the sphere given by {eq}x^{2} + y^{2} + z^{2} = 6 {/eq} using cylindrical or spherical coordinates, whichever seems more appropriate.
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Project Y costs $1,000, and its cash flows are the same in years 1 through 10. Its IRR is 12%, and its WACC is 10%. What is the project's modified internal rate of return (MIRR)?
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The Two Sisters has a 9% ROA and a 75% retention or plowback ratio. The ROE is 12%. At what rate can the firm grow its assets without the need for any external capital? a) 6.50% b) 6.75% c) 6.97% d) 7.24% e) 7.38%
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What is the force on an electron located halfway between two protons that are separated by 1.81 nm?
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Thomasson Air uses two measures of activity, flights and passengers, in the cost formulas in its budgets and performance reports. The cost formula for plane operating costs is $36,800 per month plus $2,150 per flight plus $2 per passenger. The company expected its activity in May to be 90 flights and 250 passengers, bu...
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The cash payback period a. is computed using income statement data. b. will usually equal the number of months required to recover the cost of the investment. c. will always be the same as the accounting rate of return. d. is another term for the time value of money analysis. e. indicates the number of years to r...
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Why is a linear demand curve considered price elastic at all points on the curve when the price elasticity of demand (Ed) is calculated using the point elasticity formula and varies along the curve? For a linear demand curve with equation P = 10 - 2Q, why does the elasticity differ from -1 at the midpoint, even though ...
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Tim is trying to help his client, Bobby Hoying, construct a portfolio. Bobby has a quadratic utility function. There are three assets in the economy, labeled X, Y, and Z. Bobby's agent has already suggested three possible combinations of X, Y, and Z for him. One of these risky portfolios will eventually be combined wit...
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Pavlov discovered when the interval between the CS and US was less than 450 milliseconds, the response: a) stayed the same b) worsened c) improved d) was random
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Which of the following market value ratios is the most volatile? Choose one. a. P/E ratio b. Book to market ratio c. Price to sales ratio d. Debt to market capitalization
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Given the following information: Product A Product B Expected return on the market 15% 10% Risk free rate of return 5% 5% Expected return of the stock 20% 10% Standard Deviation of returns 20% 10% Calculate ...
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The manager of Gold Key Realty, a real estate development firm in the Pacific Northwest, wants to prepare a presentation that will show the rate of return to be received from the purchase of three different types of land. The investment in Question no. 4 was purchased on January 1, 2010. It is expected to produce a cas...
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Consider a positive linear relation between an unobserved variable \(z\) and the dependent variable \(y\). Which of the following statements is correct regarding OLS estimates in the presence of a measurement error in the variable \(z\)? A. The OLS estimates are consistent but they have a downward bias. B. The OLS esti...
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Consider the case of a uniform solid disk of radius r. The disk can rotate free about its axis with a moment of inertia I = 1/2 MR^2. The loose end of the string is attached to a block. The block and disk each have mass m. Find the magnitude a of the linear acceleration of the block as the block descends. Express your ...
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A spherical metal shell with a radius of 21 cm has an initial charge of +14 μC. The electric flux through its surface at t=0 is 1.88*10^6 N*m^2/C. How much charge was added to the sphere between t=0 and t=2 min?
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Allen Company had the following unit production costs for the year: Direct materials $40 Direct labor 42 Variable factory overhead 20 Fixed factory overhead 18 Units produced and sold during the year were 10,000. The ending inventory consists of 5,000 units with 60...
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A 20 year maturity bond with par value of $1000 makes semi annual coupon payments at a coupon rate of 8%. If the bond price is $950, the effective annual yield to maturity of the bond is?
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A project that costs $30,000 with a useful life of 5 years is being considered. Straight-line depreciation is being used and salvage value is $3,000. The project will generate annual cash inflows of $8,000 and annual cash outflows of $2,500. The accounting rate of return is: a. 9.62% b. 19.2% c. 16.67% d. 33.33%
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How many bonds will be issued if Spruce, Inc. desires to raise $125,000 and its bonds are selling for $1096.92 each? a. 245 b. 124 c. 122 d. 132
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Which of the following statements are true? A. Preferred stock is a security that carries a dividend priority over that of common stock. B. If two firms are identical except for their dividend policies, then their share prices must be the same. C. Changes in stock repurchase policies have much greater impact on the ...
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On August 21, 2014, Universal Manufacturing purchased $75,000 of inventory for cash. The journal entry for this transaction included a debit to which of the following accounts? a. Accounts Payable b. Cash c. Inventory d. Cost of Goods Sold
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Determine the sample size needed to estimate the mean 12 months employed in a small town in Virginia within two months with 90% confidence, given that the standard deviation is 6 months.
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Sunland Company entered into a 4-year lease of equipment on January 1, 2012. The lease qualifies as a capital lease. The cost of the leased asset is $10,615. The lease calls for payments of $2,500 due on January 1 of each year. What is the amount of interest expense recorded by Sunland in 2012?
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A seven-year lease calls for 8 payments of $2,000 per year with the first payment occurring at the end of the first year. Find the present value of the lease under the following conditions: The discount rate is 6%.
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Find the yield to call for a 5.75% coupon, $1,000 par 10 year bond selling at $1060.62 if the bond is callable in 4 years at a call price of $1,085. The bond makes semiannual coupon payments. (Round to two decimal places) A. 5.30% B. 5.24% C. 5.37% D. 4.58%
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Consider a profit-maximizing firm that manufactures ballpoint pens in a competitive market. We will assume that this firm has a small amount of fixed cost ($75) which it must incur regardless of the level of production. The variable cost, consisting of materials and labor, changes along with production levels. ...
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The market price for low-end laser printers is well established at $400 per unit. ABC Technologies is considering entering this market and has enough available space in its plant to accommodate a new production line. However, several pieces of new manufacturing equipment would be required which are estimated to cost $3...
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Johnson Battery Systems Metals recently reported $9,000 of sales, $6,000 of operating costs other than depreciation, and $1,500 of depreciation. The company had no amortization charges, it had $4,000 of bonds that carry a 7% interest rate, and its federal-plus-state income tax rate was 40%. In order to sustain its oper...
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Use cylindrical coordinates to calculate $\iiint_W f(x,y,z)dV$ for the function $f(x,y,z) = z$ and region $W: x^2 + y^2 \leq z \leq 9$.
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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.
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Is the term structure derived by observing the prices of (a) coupon bonds or (b) zero coupon bonds?
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Suppose that we are interested in estimating the proportion of students at a large university who smoke. Assume that we want our estimate to be within plus or minus 0.02 with probability approximately 0.96. We might choose to take a simple random sample of size {eq}n {/eq} and use the sample proportion who smoke to es...
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Shown below is a perfectly competitive firm in long-run equilibrium. Which of the following best represents this firm's demand curve? a. A b. B c. C d. D
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What is the effect on the calculated value of Ksp if some of the solid Ca(OH)2 remains in the filter paper after it is transferred to the beaker and the solution is titrated? A) The calculated value of Ksp will be too large because less Ca(OH)2 will have dissolved than actually did. B) The calculated value of Ksp wil...
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You are considering two investments. Investment A pays $3,000 each year for 20 years. Investment B pays $2,000 the first year and increases by 5 percent per year for the next 19 years. Which of the following statements is correct? a) The two investments are of equal value if interest is positive. b) The two investmen...
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The current supplied by a battery slowly decreases as the battery runs down. Suppose that the current as a function of time is {eq}I = 0.75 e^{-\dfrac t 6} {/eq}, where {eq}t {/eq} is in hours and {eq}I {/eq} in amps. What is the total charge leaving the battery from the time the battery is first used until it is c...
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Sal Company collected $16,000 in interest during 2017. Sal showed $3,500 in interest receivable on its December 31, 2017, balance sheet and $7,000 on December 31, 2016. The interest revenue on the income statement for 2017 was: a. $5,350 b. $16,000 c. $2,500 d. $3,150
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Advanced, Inc. manufactures a variety of tool chest color pallets for use in the furniture industry. The company is currently using a traditional costing system with direct labor-hours as the only overhead cost-allocation base. Manufacturing overhead costs were overapplied in Year 1 because the actual manufacturing ove...
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A charge of 26.5 muC is located at (4.60 m, 6.47 m), and a charge of -12.2 muC is located at (-4.30 m, 6.95 m). What charge must be located at (2.48 m, -2.91 m) if the electric potential is to be zero at the origin? Express your answer in microcoulombs to three significant figures.
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A company is 40% debt and 60% equity, its tax rate is 40%, its cost of debt is 10%, and its cost of equity is 15%. It wants to shift to 50% debt, 50% equity. Using M & M Proposition II with no taxes, what will its cost of equity be?
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I want to find the limits of this function. I keep getting 1, but it seems like the right answer is e. Any help? $$\lim_{x\rightarrow \infty}\frac{ln(2+3x)-(ln5+lnx)}{1/lnx}$$
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How large a sample should be taken to be within $200 of the actual average with 99% confidence, assuming a population standard deviation of $1,000?
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After the Fed decreases the target for the federal funds rate, the demand for Fed funds _____ and the supply of excess reserves _____. A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases
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The role of corporate headquarters in a _____ is to constantly scan business operations across different countries for resources and capabilities that might be a source of competitive advantage for other divisions/country companies in the firm. A) centralized hub B) coordinated federation C) decentralized federation...
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Johnson Corp., a manufacturer of whiteboards, has two product lines. Information on each line is as follows: Sales X Line: $491,000 Y Line: $373,000 Variable cost of goods sold X Line: $321,000 Y Line: $255,000 ...
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This problem involves two goods, X and Y, and two people, A and B. The current allocation is {eq}x_A^c=20,\ y_A^c=10,\ x_B^c=30,\ y_B^c=30. {/eq} The marginal rates of substitution (MRSs) are MRS{eq}_A(x,y)=-2-\frac{1}{4}x {/eq} MRS{eq}_B(x,y)=-\frac{1}{2}x {/eq} Show that the current allocation is not Pareto op...
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Cash Budget: The budgets of three companies follow: COMPANY X COMPANY Y COMPANY Z Sales: $150,000 $150,000 $150,000 Purchase of inventory: 75,000 75,000 75,000 Direct labor: 60,000 60,000 60,000 Overhead: 45,00...
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