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Which of the following circumstances would create a future deductible amount? a. Service fees collected in advance from customers: taxable when received, recognized for financial reporting when earned. b. Accrued compensation costs for future payments. c. Straight-line depreciation for financial reporting and accele...
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For an ordinary annuity with a periodic payment of R dollars per period for t periods and an interest rate of i per period, the present value formula is P = R[i - 1 / (1 + i)^t / i]. Assuming all but one of the variables is held constant, complete the following table about the effect on the present value P for differen...
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You are considering purchasing and renovating a duplex. You analysis indicates the based on rental history in the surrounding area the project should produce an IRR of 10 percent. Financing of the project will be accomplished with a mortgage of $90,000 (percent of the net purchase price plus improvements) which represe...
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How many mL of 1.35 M HClO4(aq) must be added to adjust the pH from 5.25 to 5.15, given that a 25.0 mL sample of 0.250 M pyridine is titrated with 0.135 M HClO4(aq)? The base ionization constant for pyridine can be found: $K_b = 1.7 \times 10^{-9}$.
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Find the derivative: {eq}\frac{d}{dx} \int_{0}^{x^6} \sin t dt{/eq}
6x^5sin(x^6)
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New Corporation has a $2,250,000, 4% long term installment note receivable. The current year's payment on the note was 2% of the outstanding principal. New Corporation's income before interest and taxes will: a. Decrease by $22,500 b. Decrease by $90,000 c. Increase by $67,500 d. Increase by $81,000
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Management and administrative supplies is an example of a/an: a. Fixed manufacturing overhead item. b. Variable manufacturing overhead item. c. Fixed nonmanufacturing overhead item. d. Variable nonmanufacturing overhead item.
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Given a pool of 10,000 bonds each with a 5% chance of default. Let $X_i$ be an indicator variable that the ith bond is in default. Calculate the probability of at least 400 bonds being in default. Hint: Use Central limit theorem. E(X) = 500, Var(X) = 475 $\frac{|X-500|}{\sqrt{475}} \geq \frac{|400-500|}{\sqrt{475}} ...
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A monopolist sets the price of the good it produces at a level at which a. P = MC. b. P > MC. c. P = minimum ATC. d. B and C are correct. e. A and C are correct.
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What is the breakeven point, assuming the sales mix of three units of Product A for every six of Product B, with a selling price of $48 for Product A and $20 for Product B? Product A has variable costs of $18, and Product B has a variable cost of $7. a. 2,000 units of Product A and 4,000 units of Product B b. 10,000 ...
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Scores on a test for statistics are normally distributed with a mean of 70 and a standard deviation of 15. If 4 students are considered, what is the probability that the average score of these students is above 65?
0.7486
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If your answer for the molar solubility of {eq}AgI {/eq} is {eq}1.25 \times 10^{-17} {/eq} M and you are asked to write the answer as 1.25 x 10^y M, what would be the value of y? Remember to use the correct number of significant figures.
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Company A received $43,000 in cash from its bank. On the income statement, what is the result? a. Operating expenses will be increased by $43,000. b. Depreciation expense will be increased by $43,000. c. None of the above is correct. d. Net income will be increased by $43,000. e. Interest expense will be increased...
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There are 10 identical small toys that must be randomly distributed to 3 different boxes. Each box must contain at least one toy. What is the expected number of boxes that will contain at least 4 toys?
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Which of the following has the most favorable effect on the accounts payable (AP) cycle? A) A customer returns goods to the supplier. B) The producer has excess inventory. C) Production workers take a longer-than-usual break between shifts. D) None of these answer choices is correct.
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Which graph best represents the indifference curves for a quasilinear utility function with the formula {eq}U(X,Y) = X + 5Y^2{/eq}? A. Indifference curves that are L-shaped. B. Indifference curves that are negatively sloped and concave. C. Indifference curves that are negatively sloped and convex to the origin. D. ...
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Let $p$ and $q$ be distinct odd primes. Let $a\in{Z}$ with $gcd(a,pq)=1$. Prove that if there exists $[b]\in{Z}_{pq}$ such that $[b]^2=[a]$ in ${Z}_{pq}$, then there are exactly four distinct $[x]\in{Z}_{pq}$ such that $[x]^2=[a]$ in ${Z}_{pq}$.
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A market is described by the following supply and demand functions: QS = 3P QD = 36 - 2P Which of the following statements is true? A. When moving up along the demand curve, price elasticity of demand is always negative. B. When moving up along the demand curve, price elasticity of demand is always positive. C. W...
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Pavlov offered the following explanation of the acquisition of a conditioned response. a. Repetition of an unconditioned stimulus b. Association of an unconditioned stimulus with a neutral stimulus c. Repetition of a conditioned stimulus d. Association of a conditioned stimulus with an unconditioned stimulus e. No...
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When indirect materials are requisitioned from the materials storeroom and placed in production, an entry is made crediting raw materials inventory and debiting: a. Work in process inventory. b. Cost of goods manufactured. c. Manufacturing overhead applied. D. Manufacturing overhead.
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Find the pair of words that has the same kind of relationship as the given pair. nascor : renaissance :: _____ A. pais : puerile B. morior : postmortem C. gamos : pedagogue D. uxor : monogamy E. pater : son
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Which of the following is the most likely to cause a long period of unemployment in the short run? A. A natural disaster such as a hurricane B. A change in the level of interest rates C. A new, technologically efficient model of the iPhone that requires fewer workers to produce D. A decrease in the money supply
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A household-products manufacturing firm was required to examine its organizational architecture in order to survive in the market. The three aspects of its organization that it looked into are A. decision rights, rewards, and technology. B. government regulation, technology, and decision rights. C. government regula...
D
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In the case of perfect substitutes (L-shaped indifference curves), the marginal rate of substitution is: a) equal to zero and does not depend on the quantities of goods consumed. b) increasing and equal to the slope of the indifference curve. c) decreasing and equal to the slope of the indifference curve. d) equal ...
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Ferron Corporation's net cash provided by operating activities was $81; its income taxes were $36; it's capital expenditures were $34, and its cash dividends were $15. The company's free cash flow was: A. $68 B. $32 C. - $13 D. $166
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Under a perfectly competitive market, if marginal revenue is equal to $4 and marginal cost is greater than $4, which of the following is true? A. The firm is maximizing its profit. B. The firm should increase the output to maximize profit. C. The firm should decrease the output to maximize profit. D. The firm will ...
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How do you prove $\lim _{n\to \infty }\left(1+\frac{3}{n}\right)^{2n+1}=e^6$ given that you know $\lim _{n\to \infty }\left(1+\frac{1}{n}\right)^n=e$ and want to express the left side in terms of the right side?
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We are estimating the equity cost of capital for Cisco Systems. Cisco's stock has a beta of 2.12, the risk-free interest rate is 5.10%, and the expected market risk premium is 7.40%. 1) Using the capital asset pricing model, what is Cisco's cost of equity?
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Economic models are: a. complex mathematical formulas designed to identify optimal market outcomes and guide policymakers. b. simplified versions of reality designed to analyze what ought to be to help the government improve outcomes. c. simplified versions of reality designed to analyze what is to explain hum decis...
c
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A company with $300,000 of fixed costs has the following data: For Product A: Sales price per unit $5 Variable costs per unit $3 For Product B: Sales price per unit $6 Variable costs per unit $5 Assume three units of A are sold for each un...
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McDonald's Company wants to have $24,000 in its bank account in two years. The bank pays 6% annual interest compounded continuously. What amount must be deposited to reach the company's goal?
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According to the Direct Method, which of the following is a source of cash? a. An increase in notes payable b. A decrease in accounts receivable c. An increase in common stock d. An increase in inventory
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The advantage of the payback method of project analysis is the: a. arbitrary inclusion of time value of money. b. arbitrary inclusion of risk. c. arbitrariness of the cutoff point. d. ease of use. e. the arbitrariness of the cash flow cutoff point. Explain.
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Beta Company has the following information for 2008: Beginning merchandise inventory $300,000 Purchases (net) $600,000 Sales (net) $1,000,000 Ending merchandise inventory $100,000 The company's terms of sale is 2/10, n/30. On July 3, 2008, Beta granted a sales return of $5,000 on merchandise sold on account. Of th...
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Your firm purchased a warehouse for $335,000 six years ago. Four years ago, repairs were made to the building which cost $60,000. The annual taxes on the property are $20,000. The warehouse has a current book value of $268,000 and a market value of $295,000. The warehouse is totally paid for and solely owned by your fi...
$295,000.00
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A country that is currently a net capital importer will experience a greater share of domestic investment supplied by foreign funds if the country A. decreases the after-tax real interest rate. B. increases the after-tax real interest rate. C. increases its current account deficit. D. experiences an increase in sav...
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You have the opportunity to buy an investment that pays $1,000 every year for 20 years. If you were to pay $10,756 for this investment today, what is the IRR you are earning by purchasing this investment?
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Which of the following statements is CORRECT? a. If you have a series of cash flows, each of which is positive, you can solve for I, where the solution value of I causes the PV of the cash flows to equal the cash flow at Time 0. b. If you have a series of cash flows, and CF0 is negative but each of the following CFs ...
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Select the statement that most accurately describes your personal development. a. I am constantly in crisis and have not gained any semblance of personal identity. b. I have gained a strong sense of personal identity, and I have many positive, effective coping skills that help me maintain my identity in the face of m...
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The _____ of control often affects the willingness of organization members to work cooperatively with the system. A) source B) objectivity C) flexibility D) timelines
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The recording of the jobs shipped and customers billed would include a debit to: A) Cost of Goods Sold B) Cash C) Finished Goods D) Accounts Payable
A
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Kluger Corporation is a wholesaler that sells a single product. Management has provided the following cost data for two levels of monthly sales volume. The company sells the product for $196.30 per unit. Sales volume (units)20,50019,900 Variable costs 137,520132,230 Fixed costs 143,640143,640 The best estimate o...
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Which statement is correct? A) The monopolist can raise its price without losing any sales because it is the only supplier of a good for which there are no close substitutes for consumers. B)The monopolist always charges a price that is lower than its marginal revenue. C)The monopolist can earn positive economic pro...
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An unlevered firm currently has EBIT of $20,000. An otherwise identical but levered firm has $50,000 in outstanding debt with an interest rate of 6%. The cost of capital for the unlevered firm is 10%. What is the cost of equity for the levered firm?
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Which of the following is an example of a long run fixed cost? A. Rent B. Tax C. Labor D. Interest
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Find the sample size needed if they wish to be 99% confident that the estimate is within 2% of the actual proportion, given a 30% estimate for p.
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Let $u$ be a solution of the $d$-dimensional wave equation such that $u(x, 0) =u_t(x, 0) = 0$ for $x \in B(v,R)$. Upto what time $t$ can you be sure that $u(v, t) = 0$? Can I generalise the 1-dimensional case to $d-$dimension?
R/c
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The following information is available for the first quarter of the year: Net cash provided by operating activities $85,000 Increase in cash and cash equivalents$75,000 Cash balance at the beginning of the year$13,500 Prepare a schedule of cash flows. (List amounts from largest positive to smallest positive followed ...
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Which of the following is NOT true about profit maximization for a firm? A. Profit maximization occurs where marginal revenue equals marginal cost. B. Profit maximization occurs where the profit per unit of the last unit produced is close to and just equal to zero. C. Profit maximization occurs where the marginal re...
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Company B had a net income last year of $19,000 and its current ratio was 1.5. If company B's current assets are $50,000 and its quick ratio is 1, then its current liabilities are _ _ _ _ _ _ _ _. a. $66,667 b. $52,667 c. $33,333 d. $3,333 e. none of the above
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A stock has a beta of 1.15, the expected return on the market is 10.5 percent, and the risk-free rate is 4.5 percent. What must the expected return on the stock be? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
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The firm's short-run supply curve runs up the marginal cost curve: A. to the shutdown point B. from the shutdown point all the way up the curve C. to the break-even point D. from the break-even point all the way up the curve
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Yummy Bakery just paid an annual dividend of $3.40 per share and is expected to increase that amount by 2.4 percent per year. If you are planning to buy 1,000 shares of this stock next year, how much should you expect to pay per share if the market rate of return for this type of security is 14.6 percent at the time of...
$28.54
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arvil Synchronistics will pay a dividend of 1.20 per share this year. It is expected that this dividend will grow by 3% each year in the future. what will be the current value of a single share of arvil's stock if the firm's equity cost of capital is 16%?
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Using a 3% discount rate, calculate the Net Present Value for the project below. Explain your rationale. Cost of the project: $100,000 Annual after-tax cash flow: $28,000 Expected useful life of the project: 5 years a) $16,425 b) $10,986 c) $12,646 d) -$12,646
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What is the volume of the solid produced by revolving f(x)=(x-4)e^x, x in [1,2] around the x-axis?
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The iodine monochloride molecule, ICl, has a bond length of 2.49 Angstroms and a dipole moment of 1.21 D. Calculate the effective charge on chloride in units of electronic charge. Show all signs as 0.5 or-0.5. Do not type the units, only give the numeric answer. Use three significant figures in your final answer.
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Jenny places in service a new automobile that cost $15,000 on April 17, 2016. The car is used 60% for business and 40% for personal use. (Assume this percentage is maintained for the life of the car.) It is used 66,000 miles during the year and its adjusted basis at the end of the year is $6,000. Determine the cost rec...
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Aluminum becomes superconducting at a temperature around 1.00 K if exposed to a magnetic field of magnitude less than 0.0105 T. Determine the maximum current that can flow in an aluminum superconducting wire with radius {eq}R = 1.00{/eq} mm.
52.5 A
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If a firm reports a net profit of $70,000 based on absorption costing, and if beginning inventory is less than ending inventory, will net income based on variable costing be: a. $70,000 and greater than net income under absorption costing b. $70,000 and less than net income under absorption costing c. more than $70,...
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For a monopolist, which of the following is not true? a) Marginal revenue equals marginal cost at the profit-maximizing level of output. b) Price equals marginal cost at the profit-maximizing level of output. c) Price is greater than marginal cost at the profit-maximizing level of output. d) Price equals marginal r...
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Suppose we have a binomial experiment in which success is defined to be a hit on a target in a靶子射击比赛. If the shooter makes 3 out of 40 attempts on the target, what is the probability of a hit (round answer to 3 decimal places)?
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Henson Corporation common stock pays a dividend of $1.10. It is currently selling for $44.16. If the firm's investors require a return of 10% on their investment from buying Henson stock, what growth rate would Henson common stock have to provide the investors?
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Assume that the total amount of profit a business is making is $28,000. Based on this information, we know that: a. There is not enough information provided to make an accurate conclusion about economic profit or loss. b. The total revenue is $28,000 more than the total cost. c. The total revenue is $28,000 less tha...
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Monopolistic competitors do not enjoy the _ _ _ _ _ _ _ demand of perfect competition. As a result, firms will never produce at _ _ _ _ _ _ _ _ average total cost. a. relatively elastic; maximum b. perfectly elastic; minimum c. relatively elastic; maximum d. relatively elastic; minimum e. perfectly inelastic; mini...
b
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A decrease in the relative price of labor will tend to _____ the demand for labor and _____ the demand for capital. A. increase; decrease B. increase; increase C. decrease; decrease D. decrease; increase
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For a normal distribution, what is the probability that a standard normal random variable has a value that is less than 1.96 or greater than 1.96?
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Silmaril Corporation uses a discount rate of 16% and has a simple payback period of 6 years for all its projects. Compute the NPV of a project that costs $300,000 and produces a uniform $70,000 per year at the end of the year. Based on the NPV, would this project be accepted or rejected? a. The NPV is -$27,924. The pr...
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Which of the following does not appear on a company's balance sheet? A. common stock B. unrealized loss on trading securities C. current portion of long-term debt D. dividends receivable
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ABC Software is concerned about competition from software developed abroad that will be priced in a vehicle currency such as the U.S. dollar. If the dollar weakens against other world currencies, this will result in: a. increased net cash flow for the company, which will improve its financial ratios. b. a decrease i...
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Given the differential equation $x^3 + y + 2xy' = 0$, why does the solution to the associated homogeneous equation result in $y = c \sqrt {\vert x \vert}$ according to the textbook, when solving the homogeneous system as $y' - \frac {y}{2x} = \frac {x^2}{2} = 0$ which leads to $\int \frac {dy}{y} = \int \frac {dx}{2x}$...
$y = c \sqrt{|x|}$
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Gilkey Manufacturing reported net income for 2020 of $1,650,000. Depreciation expense for the year was $250,000. During 2020, prepaid expenses decreased by $115,000 and accounts payable decreased by $80,000. Gilkey Manufacturing's net cash flows from operating activities for 2020 was: a) $2,045,000. b) $1,765,000. c...
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A project costs $200,000 and its expected net cash inflows are: Years 1-5 $60,000 Years 6-10 $100,000 Years 11-15 $150,000 What is the payback period? A. 2.8 years B. 3 years C. 4 years D. 4.5 years
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Only when the interest rate is below the equilibrium rate will there be a: A. surplus of loanable funds and the interest rate will rise. B. surplus of loanable funds and the interest rate will fall. C. shortage of loanable funds and the interest rate will rise. D. shortage of loanable funds and the interest rate wi...
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I have to write the ODE for the reaction $A \rightarrow 2B$, where $A$ and $B$ are chemical compounds and they react in a closed, constant volume container. How can I find the ODE for the concentration of $A$ and $B$?
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If a plant is operating at full capacity and receives a one-time opportunity to accept an order at a special price below its usual price, then _____. a. the order will likely be accepted. b. fixed costs are not relevant. c. only variable costs are relevant. d. the order will likely be rejected.
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Sue's Surfboards is the sole renter of surfboards on Big Wave Island. If marginal revenue is positive at the actual number of surfboard rentals made each hour, then: A. at that quantity the demand for surfboard rentals is unit elastic B. at that quantity the demand for surfboard rentals is elastic C. at that quantit...
B
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Which of the following are not preferred to positive NPV projects by the IRR criterion? A. Projects with only negative cash flows. B. Mutually exclusive projects with the same initial investment. C. Projects with costs financed by debt. D. Projects with non-conventional cash flows.
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You are working as an assistant to a senior manager of a firm that is considering a project with the following cash flows: Year Cash Flow 0 -$34,000 1 15,000 2 17,000 3 10,000 The senior manager asks you to calculate the pr...
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Suppose the risk-free return is 9.7%, and the market portfolio has an expected return of 10.5% and standard deviation of 17%. Johnson & Johnson Corporation stock has a beta of 0.32. What is the expected return on Johnson & Johnson stock?
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Pigeon Inc. is currently considering an eight-year project that has an initial outlay or cost of $90,000. The future cash inflows from its project for years 1 through 8 are the same at $35,000. Pigeon has a discount rate of 11%. Because of concerns about funds being short to finance all good projects, Pigeon wants to c...
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Which of the following statements is true regarding plant assets: a. As soon as a plant asset is purchased, the accumulated depreciation will equal the cost of the asset b. Land is not subject to depreciation c. Land improvements are subject to depreciation d. If a plant asset is sold below cost, a loss on sale occ...
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MM proposition 1 with no tax supports the argument that ____________________. A. It is irrelevant how a firm manages its finances. B. Business risk determines the return on assets. C. A firm should borrow money to the point where the tax benefit from debt is equal to the cost of the increased probability of financia...
A
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Explain why the use of the term 'rate' rather than 'yield' is preferred in the context of the bond valuation model.
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Company A produces specialty, high-performance metal alloys that the U.S. space agency uses in the manufacture of certain spacecraft components. Company A is currently manufacturing two alloys - X and Y - and is considering manufacturing a third alloy called Z. Based on its performance measures and the financial perfo...
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The organizational structure where the Project Manager has the least authority is: a) Pure project b) Strong matrix c) Weak matrix d) Functional
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In which of the following cases will a firm produce a positive amount of output and earn a positive economic profit? a. Price equals average total cost, b. Price equals average variable cost, c. Price is greater than average total cost and is greater than average variable cost, d. Price is less than average total c...
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Suppose the market demand function is q = 120 - 0.5p, where p is the price in dollars. What is the elasticity of demand when p = 40?
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Find the derivative of f(x) = x sinh(x^{2} - 1), and evaluate it at x = 1. What is the numerical value of f'(1)?
2
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One major difference between the dividend growth model and the capital asset pricing model for valuing a share of stock is the use of: a. free cash flows. b. earnings. c. the market risk premium. d. beta.
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A nation's long-run equilibrium price level tends to remain stable when: a. the supply of money increases as the quantity of goods and services produced increases. b. the supply of money decreases as the quantity of goods and services produced increases. c. the supply of money increases as the quantity of goods and ...
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The expected return on holding a particular security: A) must be equal to the required return on that security. B) will always exceed the actual return for the period. C) may exceed the required return on the security. D) may be lower than the actual return for the period.
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Alton Inc. has the following information available for the year: Income Statement Net Sales $414,000 Cost of Goods Sold $287,000 Depreciation Expense $81,000 Other Expenses $19,500 Interest Income $14,000 Taxes $57,000 Market Information: Common Stock Price $57.00 Market Value of Common Stock $350,000 Num...
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What is the best way to show that a number is irrational, specifically the number $e$, using its Taylor series expansion around 0?
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Find the equation for the tangent plane at the point P_0 (2, 1, 0) on the surface x + y + z = 3.
x+y+z=3
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The _____ of control often affects the willingness of organization members to work cooperatively with the system. A) source B) objectivity C) flexibility D) timelines
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Change in the exchange rate for one US dollar is equivalent to a _____ in the price level, according to purchasing power parity. A. 1 percent B. 2 percent C. 5 percent D. 10 percent E. None of the above.
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The key step in the generation of "safe" (replication-incompetent) viral particles for gene therapy is the A. creation of site-specific mutations in viral genes. B. provision of viral genes on a Y- (psi-) DNA. C. use of a packaging cell line that is not immortalized. D. deletion of the viral reverse transcriptase g...
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An increase in the proportion of fixed cost in a firm's cost structure will: a) increase the operating leverage effect b) decrease the operating leverage effect c) have no effect on the operating leverage effect d) affect the financial leverage effect
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You have $100,000 to invest in either Stock D, Stock E or a risk-free asset. Your goal is to create a portfolio that has an expected return of 11 percent. D has an expected return of 15 percent and E has an expected return of 9 percent. If you invest $20,000 in Stock D, how much will you invest in Stock E? _____
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