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What is the amount of phantom profit or loss resulting from using FIFO rather than LIFO in the following situation? A company using the LIFO inventory method had the following inventory and sales values for the first month of operation: Inventory Units Unit Cost Sales Units Unit Sales Price Beginning Inventory 160 $...
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If {eq}F(x) = f(xf(xf(x))), where f(1) = 3, f(3) = 4, f'(1) = 4, f'(3) = 5, and f'(4) = 6, find F'(1).
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Warp Manufacturing Corporation uses a standard cost system to collect costs related to the production of its ski-lift chairs. Warp uses machine hours as an overhead base. The variable overhead standards for each chair are 1.2 machine hours at a standard cost of $18 per hour. During the month of September, Warp incurre...
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An analyst has gathered the following data about ABC Inc., a U.S.-based firm with revenues in US dollars and costs in British pounds. The data for the past year are shown in the following table. What is the amount of operating income in U.S. dollars? Current year results Past year results ...
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An M1 = 14.5 kg object and an M2 = 12.0 kg object are suspended, joined by a cord that passes over a pulley with a radius of 10.0 cm and a mass of 3.00 kg. The cord has a negligible mass and does not slip on the pulley. The pulley rotates on its axis without friction. The objects start from rest 3.00 m apart. Treating ...
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The expected value for a binomial distribution with n = 500 and π = 0.02 is _____. a. 50 b. 100 c. 25 d. 10
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Suppose a project has a net present value of $150,000 based on the assumption that cash flows will occur at the end of each year. However, the actual cash flows will occur at the beginning of each year. What is the actual net present value of the project if the discount rate is 11%? Option 1: $54,860 Option 2: $10...
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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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Given the integral {eq}\int_{0}^{2} x^2 \left | 2x-3 \right | \, dx{/eq}, which is expressed as {eq}\int_{0}^{\frac{3}{2}}x^2(2x-3)\,dx + \int_{\frac{3}{2}}^{2} x^2 (3-2x)\,dx{/eq}, what is the next step to evaluate the integral?
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Last year, Company B reported after-tax operating cash flow (OCF) of $50,000. The following information was also reported for the same period: Beginning accounts receivable: $43,000 Ending accounts receivable: $39,000 Beginning inventory: $55,000 Ending inventory: $59,000 Beginning accounts payable: $65,000 Endin...
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A company paid $31,000 to investors for a 10 percent ownership interest in the company. The required rate of return for the investor is 12 percent. The investor anticipates a positive cash flow of $4,000 per year. If the expected positive cash flow begins at the end of year 2 and continues for 20 years, determine the p...
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A 3.49 kg ball moves along a friction-less, horizontal table with a velocity of 4.42 m/s. The ball strikes a stationary, identical ball a 45{eq}^{\circ} {/eq} above the horizontal. Ignore friction and assume an elastic collision. What is the speed of the first ball after the collision? Express your answer with the a...
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Suppose you have 50 mL of a solution of 0.1 M TRIS in the acid form. What will be the pH if you add 2 mL of 1.0 M HCl solution?
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A charge of 25 C is at the origin. How much energy would be applied to or released from a -2 C charge if it is moved from ( 8 , 2) to (-2 , 2) ?
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For a fair coin, you win $1 if a head comes up and lose $1 if a tail comes up. What is the expected value of this game? a) $0 b) $0.5 c) -$0.5 d) 1 e) It depends on the number of heads in a sequence.
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Select the correct option to complete the sentence. When in stage _____ of internationalization, HRM practices should facilitate exporting the firm's products through incentives, training, and staffing strategies that focus on the needs of international customers. A) 1 B) 2 C) 3 D) 4 E) 5
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Dilwater, Inc., plans to issue equity to raise $50 million to finance a new investment. After making the investment, Dilwater expects to earn free cash flows of $10 million each year. Dilwater currently has 5 million shares outstanding, and it has no other assets or opportunities. Suppose the appropriate discount rate...
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Assume that the interest rate is 3.0% per year. If you purchase a home now for $250,000 and expect to sell it in 5 years for 20% more than you paid, what will your profit be expressed in real dollars? What will be your 5 year rate of return net of inflation? A. $64,368.21 per year; 8.13% B. $64,368.21 per year; 4.13%...
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Sally purchased a commercial property for $300,000 in 1999. It contained a business with a fair market value of $150,000 and a personal residence with a fair market value of $150,000. In 2009, Sally sold the property for $500,000 and used the proceeds of the sale to buy another property. In 2009, what amount of gain mu...
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Suppose nominal GDP in 1990 was $2 trillion and in 2000 was $4 trillion. If the GDP deflator was 300 in 1990 and 600 in 2000, then what is the real 2000 GDP in 1990 dollars?
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On December 31, 2014, Delta Co. had 550,000 shares of $5 par value common stock and 150,000 shares of $10 par value cumulative preferred stock outstanding. There were no dividends declared or paid during 2014 or 2015. At December 31, 2016, Delta declared cash dividends totaling $500,000. How much of the dividend will t...
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Recognition by Components (RBC) theory would predict that an object in an unfamiliar orientation will be recognized _____ than it would be in a familiar orientation. What would template theory predict? a. RBC: slower; Template: slower b. RBC: faster; Template: slower c. RBC: at the same speed; Template: slower d. R...
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The indicated function {eq}y_1(x) {/eq} is a solution of the given differential equation. Use reduction of order or the formula {eq}\displaystyle y_2(x) = y_1(x) \int \frac{e^{-\int P(x)dx}}{y_1^2(x)}dx {/eq} to find a second solution {eq}y_2(x) {/eq}. {eq}y'' - 2y' + y = 0; \quad y_1 = e^x {/eq}
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Consider an investment that will have continuous cash flow income of $10,000 per year forever, starting one year from today. What is the present value of the investment if the discount rate is 4.5%?
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What is the most money that this bank can lend? Assume the required reserve ratio is 15%. a. $30,000 b. $37,500 c. $12,500 d. $25,000 e. $42,500 Bank's Balance Sheet Assets Liabilities Reserves $60,000 Demand deposits $100,000 Excess reserves ...
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Find the directional derivative of the function {eq}f(x,y,z)= xy+e^{yz}-1{/eq} at the point (1,1,1) in the direction of the vector v= 3i-j+k
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A company had a beginning inventory of 400 units of its only product. Each unit had an assigned inventory cost of $12. During the year, 3,600 units were purchased at $14 each, and 4,000 units were purchased at $16 each. The company had 600 units left unsold at the end of the year. What is the gross profit if the compan...
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Soltis Inc. reported earnings per share of $6.44 based on a stock price of $43.80 per share. During the year, the company paid a dividend of $2.96 per share. The company's payout ratio is closest to: a) 18%. b) 46%. c) 35%. d) 43%.
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Prior to 1980, member banks left the Federal Reserve System due to: A) the high cost of discount loans. B) the high cost of required reserves. C) a desire to avoid interest rate regulations. D) a desire to avoid credit controls.
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The minimal area of the convex hull of two perpendicular triangles, each with a base of 100, given that the exchange of points is possible, is how much?
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Verify that the hypotheses of the Mean-Value Theorem are satisfied on the given interval, and find all values of c in that interval that satisfy the conclusion of the theorem. {eq}\displaystyle f(x) = \ln 6x, \ \ [1, 6] {/eq}
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What is the amount of operating leverage of a firm with $30,000 in fixed costs and $50,000 in variable costs when sales are $50,000? A. 2.00 B. 1.67 C. 3.00 D. 1.50
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When the Fed increases the money supply, the IS curve: a. shifts up b. shifts down c. shifts left d. shifts right
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Calculate the line integral of the vector field {eq}\mathbf F = 2y \mathbf i + 3z\mathbf j + x\mathbf k {/eq} over the path {eq}\mathbf r(t) = \cos t\mathbf i + \sin t\mathbf j + t\mathbf k{/eq} for {eq}0 \leq t \leq \pi{/eq}.
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Determine whether {eq}\lim_{(x, y) \rightarrow (0, 0)} \frac{2xy}{x^2 + y^2} {/eq} exists. If it does, find the limit. (Use the argument {eq}\lim_{r \rightarrow 0^+} (r \cos \theta, r \sin \theta) = (0, 0){/eq} by noting that {eq}r^2 = x^2 + y^2{/eq}.)
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I want to prove that $\sum_{i=0}^{n} \binom{n}{i}^2 = \frac{(2n)!}{n!n!}$. I have simplified the left side to $(1+x)^{2n} \sum_{i=0}^{n} \binom{n}{i}^2 x^i$ and the right side to $(1+x)^{2n} \frac{1}{(1+x)^n(1+x)^n}$. How do I proceed from here?
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If 100 runners compete in a 1000m race, how many different ways can the first three places be decided?
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The capital stock for a country increased from {eq}\$400 {/eq} billion to {eq}\$450 {/eq} billion between the years 2005 and 2006. During that same time, gross investment was {eq}\$100 {/eq} billion and depreciation was {eq}\$120 {/eq} billion. By how much did GDP change between 2005 and 2006? a. By {eq}\$120 {/e...
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The PPB Company is considering purchasing a new machine for $6,000, The projected cash flow for the next four years is as follows: Year 1: $2,000 Year 2: $3,000 Year 3: $4,000 Year 4: $2,000 Assume that the machine has no residual value. Using a 10% discount rate, the machine's approximate net present value is: a. $...
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The current price of a stock is $32. Over each of the next three 6-month periods the price will either go up by 10% or down by 10%. The risk-free interest rate is 8%. What is the option delta of a 1-step call option?
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Suppose the total cost function is {eq}C(x)= 5000 + 3x + 0.02x^2 {/eq}. What is the marginal cost at 100?
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Suppose the production of cotton causes substantial environmental damage because the pesticides used by cotton farmers often make their way into nearby rivers and streams and are very harmful to fish and other wildlife. If cotton farmers do not have to pay for the environmental damage caused by the pesticides used to g...
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The income statement for Wilden Corporation appears below: 20122011 Sales$2,400,000$2,000,000 Less: Variable costs(1,080,000)(800,000) Contribution margin$1,320,000$1,200,000 Less: Fixed costs(360,000)(360,000) Earnings before interest and taxes$960,000$840,000 Less: Interest expenses(180,000)(180,000) Earnings bef...
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The company currently has 1,000 shares of $5 par common stock issued and outstanding, and its retained earnings are $25,000. Due to an increase in market demand, the firm will need to raise additional capital. The company is considering the sale of new stock and/or a new debt issue. The current underwriter's fees on n...
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Which one of the following measurement bases applies to investments that are classified as held-to-maturity? A) Current value B) Book value C) Effective rate of interest method D) Lower-of-cost-or-market
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The common stock and debt of Northern Sludge are valued at $80 million and $20 million, respectively. Investors currently require a return of 16.2% on the common stock and 7.1% on the debt. If Northern Sludge issues an additional $11 million of common stock and uses this money to retire debt, what happens to the expect...
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Cashman Co. has the following standards for a product with direct materials and direct labor: Direct materials 4 feet at $2.80 per foot Direct labor 3 hours at $7.20 per hour The company produced 5,000 units in January using 19,500 feet of direct materials at a total c...
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During 2017, Tulip Company decided to change from the FIFO method of inventory valuation to the weighted average method. Inventory balances under each method were as follows: FIFO Weighted average 01/01/17 $72,000 $78,000 12/31/17 80,000 84,000 Tulip's income tax rate is 30%. In its 2017 financial statements, what a...
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You are planning to open a studio and have assembled the following information: Rent per month: $500 per month Materials and other consumption per student: $25 per student Direct personnel (teaching staff) wages: $10,000 per month Fees per student: $100 per student Indirect personnel (administration staff): $5,000...
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If {eq}n = 24, \overline{x} = 20.75 {/eq}, and {eq}s = 3.9 {/eq}, find the margin of error at a {eq}95\% {/eq} confidence level. Round the answer to two decimal places.
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You are given a sample size n = 118. You are asked for a 95% confidence interval. What value of t or z do you use?
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Zig-Zag Corporation issues its bonds at a premium. Which of the following best describes the result of the company repaying the bondholders at maturity? a. The effective yield to the bondholders will be less than the stated rate of interest and the premium on the bonds will be amortized. b. The effective yield to the...
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Collection of customers: January - $300,000 February - $500,000 Payments for direct materials: January - $100,000 February - $250,000 Direct labor: January - $200,000 February - $400,000 Manufacturing overhead: January - $100,000 February - $150,000 Selling and adminstrative expenses: January - $50,000 February - $80,0...
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The pure expectations theory states that: A) the maturity risk premium is zero and that investors expect to earn the same return from holding short- or long-term bonds. B) the maturity risk premium is greater than zero but that investors expect to earn the same return from holding short- or long-term bonds. C) the m...
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M&Ms Company has the opportunity to increase revenues from $1 million per year to $2 million per year by spending $100,000 on a new machine. The company is not all that mechanically inclined, so it will need to hire an engineer to maintain the new machine at an additional cost of $10,000 per year. The company pays 40% ...
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Investment A and Investment B cost $20,000 each and both have the same end-of-the-year cash inflows. The only difference is that the cash flows for Investment A occur throughout the year, while the cash flows for Investment B occur in a lump sum at the end of the year. Given this, which statement must be true? a. The ...
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In 1998 the Minerals Division of Amchem Corporation was offered $10 per unit to purchase 10,000 units of material that it was using in its production process. The Minerals Division had its own mine producing this material. The division's cost per unit was $8 per unit (including variable and fixed cost) and it had no ex...
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Speedy Service Company has been in business for four years. During the current year, it began operations as a dealer in used cars. The income statement for the current year is as follows: Sales revenue $9,500,000 Cost of goods sold 8,500,000 Gross margin $1,000,000 Salaries expense 2,500,000 Rent expense 2,500,000 Se...
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Which of the following are not deductible for AGI? a) Alimony b) Union Dues c) Student Loan Interest d) Individual Development Account contributions e) A, B, and D
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Verify Stokes Theorem F{eq}\cdot {/eq}ds = {eq}\int \int _{S} {/eq}curl F{eq}\cdot {/eq}dS if F = {eq}y^{2} \vec{i} + z^{2} \vec{j} + x^{2} \vec{k} {/eq} and S is the hemisphere {eq}x^{2} + y^{2} + z^{2} = a^{2} {/eq}, y {eq}\geq {/eq} 0
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Cendant Corporation's results for the year ended December 31, 2016, include the following material items: Sales revenue$6,850,000 Cost of goods sold4,200,000 Selling and administrative expenses1,700,000 Loss on sale of investments320,000 Loss on discontinued operations510,000 Loss from expropriation (unusual and infr...
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Suppose that X is normally distributed with a mean of 4.4 and a variance of 25. Determine the constant b such that P(4.4 - b ≤ X ≤ 4.4 + b) = 0.90. Round your answer to three decimal places.
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Wisdom Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 8.3 ounces $3 per ounce $24.90 Direct labor 0.8 hours $18 per hour $14.40 ...
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Cliff Corporation bought a computer for $180,000. It is expected to last 5 years and has no residual value at the end of its life. Cliffs accounting period ends on December 31 and it will use straight line depreciation. There were no other assets purchased or sold during 2010. The company is subject to a 30% income tax...
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Suppose that a firm's required rate of return was 13% and that it spent $500,000 on a project with a 10-year life. If the firm's cost of capital is 13%, the total cash inflows during the project's life that will yield an IRR of 13% would be: a) less than $500,000. b) $500,000. c) more than $500,000. d) cannot be de...
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On January 2, 2012, Dexter Company leased a machine for a five-year period. Equal annual payments under the lease are $56,000 (including $6,000 annual executory costs) and are due on December 31 of each year. The first payment was made on December 31, 2012, and the second payment was made on December 31, 2013. The five...
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A small 12.0 g bug stands at one end of a thin uniform bar that is initially at rest on a smooth horizontal table. The other end of the bar pivots about a nail driven into the table and can rotate freely, without friction. The bar has mass 70.0 g and is 120 cm in length. The bug jumps off in the horizontal direction, p...
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Our hypotheses are {eq}H_{0} {/eq}: p = 0.6 vs. {eq}H_{a} {/eq}: p < 0.6. The normal approximation to the binomial is used to conduct a one-sample proportion z-test at a significance level of a = 0.05. The following information is given: n = 50, x = 25, p = 0.6, and s = 0.4899. What is the conclusion regarding the nu...
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The United States and the country of Rueland have the same real interest rate of 5.5 percent. The expected inflation over the next year is 5.5 percent in the United States versus 22.5 percent in Rueland. Interest rate parity exists. The one-year currency futures contract on Rueland's currency (called the ru) is priced ...
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The following graph shows the demand for a good in a competitive market. Market Demand Instructions: Calculate the price elasticities of demand at points A, B, and D. Elasticity at A = Elasticity at B = Elasticity at D =
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You purchase a share of stock for $32. Two years later you sell the stock for $35 but are required to pay a $2.4 dividend. Calculate your total return on this investment.
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Can the integral $\int_{B(x,r)} |u|^2dx$ be estimated by $\int_{B(x,r)} (u^2+|\nabla u|^2)dx$ where $u\in H^1(B(x,r))$? If yes, how?
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The inventory cost that can include processing costs, cost of insurance for shipping, and unloading is called: a. ordering cost. b. carrying cost. c. stockout cost. d. setup cost. e. storing cost.
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Monetary compensation for the expropriation of property owned by aliens for use by the government of the state in which the property is located is: a. taxable as dividends if the property was located in a foreign country. b. taxable as a capital gain. c. taxable as ordinary income. d. not subject to tax.
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The common stock of Flavorful Teas has a beta of 1.27 and a dividend growth rate of 5.5 percent. The market risk premium is 8.2 percent and the risk-free rate of interest is 2.5 percent. If the stock currently has a price of $50 a share, what is the dividend yield? a. 5.5% b. 7.76% c. 6.32% d. 8.20% e. 10.02%
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Determine the interval on which the function {eq}f(x) = x\sqrt{x^2 + 1} {/eq}, defined on the interval {eq}-4 \leq x \leq 5{/eq}, is concave down.
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The following parameters of a company's EPS for the year ended 31 December 2013 EBIT: 2,000,000 Interest paid: 500,000 Taxation: 600,000 Number of ordinary shares: 500,000 What would be the company's EPS if it reduced its level of debt (and its associated interest paid) to a point where its EBIT could be guarantee...
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You are about to start to consider a batch of new capital budgeting projects. Before you begin, you need to estimate your company's Weighted-Average-Cost-of-Capital (WACC). The firm operates in the 34% marginal tax bracket. Calculate the WACC for the following class of liabilities: There are 7,650,000 shares of common...
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A study has been conducted to determine if Product A should be dropped. Sales of the product total $200,000 per year; variable expenses total $140,000 per year. Fixed expenses charged to the product total $190,000 per year. The company estimates that $40,000 of these fixed expenses will continue even if the product is ...
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Easter Egg Corporation's stock has a beta of 1.5 and a required return of 12%. The market risk premium is 6.0%. What is the risk-free rate?
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The net cash flows from the operating activities of Amster Corporation for the years 2014 and 2015 are summarized below: 2014 2015 Sales to customers $100,000 $105,000 Cash payments to suppliers for inventory 40,000 42,000 Interest paid to debt holder...
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If it is decided that the proportion of those 70 students in the cafeteria who smoke is no more than 20%, what is the probability that, for those 70 students, the proportion who smoke is greater than 25%, given that 24% of all students at Richardson High School smoke?
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During September, KM Company sells 9,800 watches for $300.00 each. The company has the following inventory purchase transactions for the month of September. Date Transaction Units Unit Cost Total Cost 1-Sep Beginning inventory 300 $195.00 $58,500 4-Se...
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Which of the following changes will, by itself, increase the cash flow of a firm? a. a decrease in the number of salespeople b. an increase in interest expense c. an increase in depreciation d. an increase in stockholders' equity e. an increase in inventory
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Suppose you know that a company's stock currently sells for $54 per share and the required return on the stock is 9 percent. You also know that the total return on the stock is evenly divided between a capital gains yield and a dividend yield. If it's the company's policy to always maintain a constant growth rate in it...
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For which of the following problems can Lagrange Multipliers be used? A) {eq}f(x,y)= 3x^2+3y^2 {/eq} Constraint: {eq}x+y=12 {/eq} B) {eq}f(x,y)= 3x^2+3y^2 {/eq} Constraint: {eq}x^2+y^2 \leq 100 {/eq} C) {eq}f(x,y)= 3x^2+3y^2 {/eq} Constraint: {eq}x^2+y^2 \geq 100 {/eq} D) {eq}f(x,y)= x^2+y^2 {/eq} Constrain...
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Cloud Manufacturing declared a 10% stock dividend when it had 690,000 shares of $3 par value common stock outstanding. The market price per common share was $12 per share when the dividend was declared. The entry to record this dividend declaration includes a credit to: A. Stock Dividends for $207,000. B. Paid-in Cap...
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What is the growth rate in net cash flows if dividends are $6 per share in Year 1 and $8 per share in Year 2, using the constant growth model, required return on the stock is 10%, and the stock is priced at $65/share?
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John and Jim received a salary allowance of $4,000 and $2,000, respectively, and shared the remainder equally. If the company earned $11,000 during the period, the entry to close the income or loss into their capital accounts is:
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I am trying to approximate $\cos(0.4)$ using a Taylor polynomial. I know that $f'(x) = -\sin(x)$ and $f''(x) = -\cos(x)$. When $x = 0$, $\sin(0) = 0$ and $\cos(0) = 1$. So my Taylor polynomial is: $T_n(x) = 1 - \frac{0^2}{2!} + \frac{(-1)^2}{4!}x^4 - \frac{(-1)^3}{6!}x^6 + ... + \frac{(-1)^n}{(2n)!}x^{2n}$. How many te...
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A firm is considering using debt in its capital structure to reduce its overall cost of capital and, consequently, increase its value. The firm has approached its investment banker about issuing long-term debt at an average interest rate of 10.10%. The rate of return on the firm's equity is currently 15.30%. The firm h...
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A small 12.0 g bug stands at one end of a thin uniform bar that is initially at rest on a smooth horizontal table. The other end of the bar pivots about a nail driven into the table and can rotate freely, without friction. The bar has mass 70.0 g and is 120 cm in length. The bug jumps off in the horizontal direction, p...
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Sensible Shirts makes custom-designed t-shirts for birthday parties and other special events. The company's per unit costs for its top selling design are provided below. Direct materials $ 1.95 Direct labor 3.60 Variable overhead 1.50 Fixed overhead 3....
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Find the maximum (in Newton-meters) torque on an equilateral triangle 20 cm on a side, carrying a 4.5-A current in a 0.30-T magnetic field.
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Two billiard balls of equal mass are each initially at rest. Ball A is struck, giving it a velocity of 3.20 m/s, which is directed towards ball B. After the collision, ball A is deflected 35.0 degrees from its original direction. What is the final speed of ball B after the collision?
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Data relating to the fixed assets of Eudaley Co. for the year 2018 are as follows: Cost $520,000 Residual Value $16,000 Accumulated Depreciation (beginning) 100,000 Depreciation Expense 44,000 Estimated Useful Life 10 years Assuming that Eudaley Co. uses the straight-line method of depreciation, depreciation exp...
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Stock A just paid an annual dividend of $2.00 per share and has a standard deviation of 24%. Stock B just paid an annual dividend of $1.80 per share and has a standard deviation of 30%. Which stock has the higher expected return based on the CAPM? a) Cannot tell based on the information given b) Stock B c) Stock A ...
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If C is the z-axis from the origin to the point (0,0,12), then the integral over C of (-5j-5k) × dr = ?
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Gruden Company produces golf discs which it normally sells to retailers for $6.94 each. The cost of manufacturing 23,200 golf discs is: Materials $11,972 Labor 34,144 Variable overhead 24,512 Fixed overhead 47,640 Total $128,316 Gruden also incurs 5% sales commission ($0.35) on each disc sold. McGee Corporation...
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A manufacturing plant incurs the following costs to produce 10000 units of a component: Per Unit Cost Direct material $15 Direct labor $5 Variable overhead $3 Fixed overhead $2 An outside supplier has offered to provide the...
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