Finance Homework Questions & Answers Archive

4. Eighty-five percent of Americans favor spending government money to develop alternative sources of fuel for automobiles. For a random sample of 120 Americans, find the mean, variance, and standard deviation for the number who favor government spending for alternative fuels. Round answers to the nearest hundredth.

1. What advantages do the mutual funds offer compared to the company stock? 2. Assume that you invest 5 percent of your salary and receive the full 5 percent match from East Coast Yachts. What EAR do you earn from the match? What conclusions do you draw about matching plans? 3. Assume you decide you should invest at least part of your money in large-capitalization stocks of companies based in the United States. What are the advantages and disadvantages of choosing the Bledsoe Large Company Stock Fund compared to the Bledsoe SP 500 Index Fund? 4. The returns on the Bledsoe Small-Cap Fund are the most volatile of all the mutual funds offered in the 401 (k) plan. Why would you ever want to invest in this fund? When you examine the expenses of the mutual funds, you will notice that this fund also has the highest expenses. Does this affect your decision to invest in this fund? 5. A measure of risk-adjusted performance that is often used is the Sharpe ratio. The Sharpe ratio is calculated as the risk premium of an asset divided by its standard deviation. The standard deviations and returns of the funds over the past 10 years are listed here. Calculate the Sharpe ratio for each of these funds. Assume that the expected return and standard deviation of the company stock will be 16 percent and 58 percent, respectively. Calculate the Sharpe ratio for the company stock. How appropriate is the Sharpe ratio for these assets? When would you use the Sharpe ratio? Assume a 3.2 percent risk-free rate.

1. The Mertzs have a 30-year mortgage on the purchase of their home. The mortgage on the loan was for 789,465, with a 6.33% APR for 30 years. (Do not round any numbers until your final answer. Round the final answer to the nearest cent.) (a) Find the monthly payment.

Nelson Agholor purchased fishing gear from a store in South Carolina where the tax rate is 6.9%. He purchased a spinning combo rod and reel for 56.39, 4 spinner baits at 4.97 each, 4 lures for 5.42 each, and a landing net for 21.47. What is the sales tax on the purchase?

920 is invested in an account earning 7% interest (APY), compounded continuously. Write a function showing the value of the account after t years, where the annual growth rate can be found from a constant in the function. Round all coefficients in the function to four decimal places. Also, determine the percentage of growth per year (APY) to the nearest hundredth of a percent.

b) We cannot determine the firm's level of profit because we do not know about its revenues. c) It is earning negative economic profit. d) It is earning zero economic profit. e) Because this is the short run, all firms earn positive economic profit.

A stock can be valued by using the formula if the stock pays a constant annual dividend. - fixed coupon bond present value - present value of an annuity due - payout ratio - present value of an ordinary annuity - perpetuity present value

Find the total monthly payment, including taxes and insurance, for the following loan. Amount of Loan Interest Rate Term of Loan Annual Taxes Annual Insurance Monthly Payment ------------------ 97,000 7% 10 years 1,250 540 Complete the table below. Amount of Loan Interest Rate Term of Loan Annual Taxes Annual Insurance Monthly Payment ------------------ 97,000 7% 10 years 1,250 540 (Simplify your answer. Round to the nearest cent as needed.)

Present Value of Bonds Payable; Premium Moss Co. issued 42,000,000 of five-year, 11% bonds, with interest payable semiannually, at a market (effective) interest rate of 9%. Determine the present value of the bonds payable using the present value tables in Exhibit 5 and Exhibit 7. Round to the nearest dollar.

Jeanette took home a net pay of 1,100 on her paycheck this week. She worked 40 hours during this specific pay period and had deductions that totaled 100, what is her hourly rate of pay? Choose one · 4 points 40 per hour 20 per hour 25 per hour 30 per hour

Pregunta 3 10 pts A partir de los siguientes datos de la economía de un país en (unidades monetarias): Consumo privado: 20.511; gasto público: 3.320 ; formación bruta de capital fijo: 8.051 ; variación de inventarios: 473; exportaciones: 9.167 ; importaciones: 9748 ; impuestos indirectos: 4.399 ; consumo de capital fijo (depreciación): 2.889 ; ingresos del resto del mundo: 1.241; transferencias externas netas: 221. Las exportaciones netas son: -581. 9.167. 10.629. 881. Pregunta 4 10 pts ¿Se puede decir que la inflación medida por el IPC es: Igual a la inflación medida por el deflactor del PIB?

Consider the following loan. Complete parts (a)-(c) below. An individual borrowed 81,000 at an APR of 3%, which will be paid off with monthly payments of 384 for 25 years. a. Identify the amount borrowed, the annual interest rate, the number of payments per year, the loan term, and the payment amount. The amount borrowed is 81000, the annual interest rate is 3%, the number of payments per year is 12, the loan term is 25 years, and the payment amount is 384. b. How many total payments does the loan require? What is the total amount paid over the full term of the loan? There are 300 payments toward the loan and the total amount paid is 115200. c. Of the total amount paid, what percentage is paid toward the principal and what percentage is paid for interest? The percentage paid toward the principal is (Round to the nearest tenth as needed.) %.

You can afford monthly payments of 800. If current mortgage rates are 2.08% for a 15-year fixed rate loan, how much can you afford to borrow? If you are required to make a 10% down payment and you have the cash on hand to do it, how expensive a home can you afford? (Hint: You will need to solve the loan payment formula for P.) How much can you afford to borrow? (Round to the nearest dollar as needed.)

An employer will do a 50% match on your investment to a 401 k retirement plan. If you decide to contribute a monthly amount of 220, how much should be in the account after 15 years? The interest rate is fixed at 2.05%.

Question 12 of 17 (2 points) Question Attempt: 1 of Unlimited 1 2 3 4 5 6 7 8 9 Internet service: An Internet service provider sampled 545 customers, and finds that 65 of them experienced an interruption in high-speed service during the previous month. Part: 0 / 3 Part 1 of 3 (a) Find a point estimate for the population proportion of all customers who experienced an interruption. Round the answer to at least three decimal places. The point estimate for the population proportion of all customers who experienced an interruption is .

Government saving equals A government purchases of goods and services plus transfer payments less taxes B taxes less government expenditures C taxes D government purchases of goods and services less taxes

Use PMT = P(r/n) / [1 - (1 + r/n)^(-nt)] to determine the regular payment amount, rounded to the nearest dollar. Your credit card has a balance of 5200 and an annual interest rate of 12%. You decide to pay off the balance over three years. If there are no further purchases charged to the card, a. How much must you pay each month? b. How much total interest will you pay? a. The monthly payments are approximately b. The total interest paid over 3 years is approximately (Round to the nearest dollar as needed.)

Use the 2021 marginal tax rates in the table to compute the tax owed by the person with the given filing status and taxable income single with a taxable income of 52,000. The tax owed is (Type an integer or a decimal. Round to the nearest cent as needed.)

Which of these is NOT a requirement to obtain an insurance agent license in Georgia? A. Be at least 18 years of age B. Be of good character C. Graduate High school D. Submit the application with fees

A shoe store uses a 50% markup for all of the shoes it sells. What would be the selling price of a pair of shoes that has a wholesale cost of 63? The selling price would be . (Round to the nearest cent as needed.)

Cn 19 P 19-64 Required information Problem 19-64 (LO 19-5) (Algo) Jefferson Millinery Incorporated (JMI) decided to liquidate its wholly owned subsidiary, 8 Miles High Incorporated (8MH). 8 MH had the following tax accounting balance sheet Note: Negative amount should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable. Adjusted Tax FMV Basis Cash 249,750 249,750 Building 61,250 16,250 45,000 Land 188,500 113,500 75,000 Total 499,500 379,500 120,000 Problem 19-64 Part c (Algo) c. What is JMI's adjusted tax basis in the building and land after the complete liquidation?

Jen loaned Barry 14,380 at an interest rate of 8% for 2 years. How much will Barry pay Jen at the end of 2 years? Round your answer to the nearest cent, if necessary.

Churning, the loss of customers to a competitor, is especially a problem for telecommunications companies. Market researchers at a telecommunications company collect data from a sample of 5,526 subscribers. Of 2,750 basic subscribers selected, 868 churned in the last month. Of 2,776 premium subscribers selected, 856 churned in the last month. Complete parts (a) through (c). a. At the 0.05 level of significance, is there evidence of a difference in the proportion of basic and premium subscribers who churned? Let group 1 be the basic subscribers, and let group 2 be the premium subscribers. State the null and alternative hypotheses. Choose the correct answer. A. H0: π1 = π2 B. H0: π1 ≠ π2 H1: π1 ≠ π2 C. H0: π1 ≥ π2 D. H0: π1 < π2 H1: π1 < π2 H1: π1 ≥ π2 E. H0: π1 > π2 F. H0: π1 ≤ π2 H1: π1 ≤ π2 H1: π1 > π2

Working capital and current ratio Current assets and current liabilities for Brimstone Company follow: - 20Y4 20Y3 - Current assets 1,586,250 1,210,000 - Current liabilities 705,000 550,000 a. Determine the working capital and current ratio for 20 Y 4 and 20 Y 3. Round current ratio to 2 decimal places. - 20Y4 20Y3 - Working capital - Current ratio b. Does the change in the current ratio from 20 Y 3 to 20 Y 4 indicate a favorable or an unfavorable change?

Question 6 The Specific Identification Method is the most precise. True False Question 7 If the terms for a sale are FOB Shipping Point, the buyer pays the freight. True False Question 8 If the terms for a sale are FOB Shipping Point, the seller pays the freight. True False

Suppose that your income is 25,000 per year and you receive a cost-of-living raise each year. If inflation is constant at 8.3% annually, in how many years will you be making 30,900 per year? Round your answer to the nearest whole number.

Investments increase exponentially by about 15% every 2 years. If you start with a 500 investment, how much money would you have after 40 years?

Future Value or Compound Amount of 1.00

Find the compound amount for the deposit and the amount of interest earned. 440 at 6.6% compounded semiannually for 15 years The compound amount after 15 years is (Do not round until the final answer. Then round to the nearest cent as needed.) The amount of interest earned is (Do not round until the final answer. Then round to the nearest cent as needed.)

According to one study, the average American shower lasts for 8.2 minutes and uses 17.2 gallons of water. A person showers once a day for a year. Find the total cost per year. Round to the nearest dollar per year.

Use PMT = (P(r/n))/(1-(1+(r/n))^(-nt)) to determine the regular payment amount, rounded to the nearest dollar. The price of a home is 134,000. The bank requires a 20% down payment and three points at the time of closing. The cost of the home is financed with a 30-year fixed-rate mortgage at 10%. Complete parts (a) through (e) below. a. Find the required down payment.

The formula A=Pe^(rt) describes the accumulated value, A, of a sum of money, P, the principal, after t years at annual percentage rate r (in decimal form) compounded continuously. Complete the table for a savings account subject to continuous compounding. Amount Invested Annual Interest Rate Accumulated Amount Time t in Years 8000 10% Double the amount invested ? t ≈ years (Do not round until the final answer. Then round to one decimal place as needed.)

The principal P is borrowed at a simple interest rate r for a period of time t. Find the loan's future value A, or the total amount due at time t. P= 7000, r=6 %, t=6 years (Round to the nearest cent as needed.)

Suppose that you decide to borrow 17,000 for a new car. You can select one of the following loans, each requiring regular monthly payments. Installment Loan A: three-year loan at 5.1% Installment Loan B: five-year loan at 5.2% Use PMT = P(r/n) / [1 - (1 + r/n)^-nt] to complete parts (a) through (c) below. The total interest for Loan B is 2342.20. (Round to the nearest cent as needed.) c. Compare the monthly payments and the total interest for the two loans. Determine which loan is more economical. Choose the correct answer below. A. The five-year loan at 5.2% is more economical. B. The three-year loan at 5.1% is more economical. The buyer will save approximately in interest. (Round to the nearest cent as needed.)

Question 7 You are performing a two-tailed test with test statistic z=-1.68, find the p-value to 4 decimal places

Marginal revenue product cannot be calculated as MP × P for the firm with market power because MR ≠ P.

What is an auditor's primary method to corroborate information on litigation, claims, and assessments? 2.85 Multiple Choice points Reviewing the written representation letter obtained from management Print References Reviewing the response from the client's lawyer to a letter of audit inquiry Examining legal invoices sent by the client's attorney Verifying attorney-client privilege through interviews

Macy is self-employed. Based on last year, her projected state and federal taxes for this year will be approximately 4300. Determine how much Macy should prepay each quarter in order to meet her projected taxes by the end of the year.

The value of a car is depreciating at a rate of P'(t). P'(t)=-3,240 e^(-0.09 t) Knowing that the purchase price of the car was 36,000, find a formula for the value of the car after t years. Use this formula to find the value of the car 10 years after it has been purchased.

Only 20% of registered voters voted in the last election. Will voter participation increase for the upcoming election? Of the 393 randomly selected registered voters surveyed, 98 of them will vote in the upcoming election. What can be concluded at the α=0.10 level of significance? c. The test statistic ? v̂ = (please show your answer to 3 decimal places.) d. The p -value = (Please show your answer to 4 decimal places.)

You have 4,000 on a credit card that charges a 18% interest rate. If you want to pay off the credit card in 4 years, how much will you need to pay each month (assuming you don't charge anything new to the card)? each month

Question 7 (10 points) Tarragona had been expecting a 50 million investment spending for a new golf resort, but the contract was canceled. Tarragona's governor estimates that this will cost the region 300 million in total economic activity. What is the governor's estimate of the multiplier and marginal propensity to consume. Multiplier =5 and MPC =0.17 Multiplier =6 and MPC=0.83 Multiplier =5 and MPC =0.83 Multiplier =6 and MPC =0.17

Knowledge Check 01 For each of the items listed below, indicate whether the company needs to prepare a journal entry relating to this item to ad book balance to the correct balance? 1. The company's bank reconciliation on June 30 included outstanding checks that totaled 4,000 at June 30. 2. The company's bank reconciliation on June 30 included deposits in transit that totaled 3,000 on June 30. 3. The company's bank reconciliation on June 30 included a credit memorandum in the amount of 150 for interest. 4. The company's bank reconciliation on June 30 included check #1221 (in payment of an account payable) written for 4,900, but recorded in the accounting records as 4,090.

Question 1, 8.8.1 HW Score: 45%, Part 2 of 4 Points: 0 of 1 The credit card with the transactions described on the right uses the average daily balance method to calculate interest. The monthly interest rate is 1.5% of the average daily balance. Calculate parts a-d using the statement on the right. Transaction Description Transaction Amount ------ Previous balance, 6210.00 March 1 Billing date March 5 Payment 350.00 credit March 7 Charge: Restaurant 30.00 March 12 Charge: Groceries 80.00 March 21 Charge: Car Repairs 280.00 March 31 End of billing period Payment Due Date: April 9 a. Find the average daily balance for the billing period. Round to the nearest cent. The average daily balance for the billing period is 6080.32. (Round to the nearest cent as needed.) b. Find the interest to be paid on April 1, the next billing date. Round to the nearest cent. The interest to be paid on April 1 is . (Use the answer from part a to find this answer. Round to the nearest cent as needed.)

After an annuity has been in force for year(s), it becomes incontestable. A. O4 B. 3 C. 1 D. O2

CENGAGE MINDTAP Ch. 6 7 eBook Problem Walk-Through A) Suppose you have two bonds that have a face value of 1,000 and pay a 10% annual coupon. Bond A matures in 15 years, while Bond B matures in 30 years. Assume that the yield to maturity (interest rate) is 5%, 7%, and 11%. Assume that only one more interest payment is to be made on Bond B at its maturity and that 15 more payments are to be made on Bond A. Round your answers to the nearest cent. Bond A: 1518.98 1273.24 928.70 Bond B: b) Why does the longer-term bond's price vary more than the price of the shorter-term bond when interest rates change? I. Long-term bonds have greater interest rate risk than do short-term bonds. II. The change in price due to a change in the interest rate is larger for bonds with greater maturity. III. The change in price due to a change in the required rate of return decreases as a bond's maturity increases. IV. Long-term bonds have smaller interest rate risk than do short-term bonds.

Tim wants to purchase a 25000 car in 5 years. How much money should he deposit each month into a bank account paying interest at the rate of 5% / year compounded monthly?

Prepare entries to record mortgage note and installment payments. E15.10 (L0 3), AP Dreiling Company borrowed 300,000 on January 1, 2022, by issuing a 300,000, 8% mortgage note payable. The terms call for annual installment payments of 40,000 on December 31. Instructions 1. Prepare the journal entries to record the mortgage loan and the first two installment payments. 2. Indicate the amount of mortgage note payable to be reported as a current liability and as a long-term liability at December 31, 2022.

(g) Interpret the slope. For each percentage point increase in the rate of return for Company 1, the rate of return of Company 2 will increase by about 1.50 percentage points, on average. (Round to two decimal places as needed.) (h) Interpret the y-intercept. A. The y-intercept indicates that the rate of return for Company 1 will be when the rate of return for Company 2 is 0. B. There is no meaningful interpretation for the intercept. C. The y-intercept indicates that the rate of return for Company 2 will be when the rate of return for Company 1 is 0. (Round to four decimal places as needed.)

If a loan request is for payment of due premiums on the policy, how soon must the insurer issue a loan? A. Within 30 days B. Immediately C. Within 90 days D. Within 10 days

Cabell Products is a division of a major corporation. Last year the division had total sales of 20,070,000, net operating income of 1,063,710, and average operating assets of 4,415,400. The company's minimum required rate of return is 16%. The division's margin is closest to: Multiple Choice 24.1% 22.0% 33.1% 5.3%

What is created after policy proceeds are obtained in a lump sum and then immediately invested? A. Viatical Settlement B. Lump Sum Fund C. Emergency Fund D. Estate

Question 6 Suppose demand is perfectly inelastic, and the supply of the good in question decreases. As a result, a. the equilibrium quantity decreases, and the equilibrium price is unchanged. b. the equilibrium quantity and the equilibrium price both are unchanged. c. the equilibrium price increases, and the equilibrium quantity is unchanged. d. buyers' total expenditure on the good is unchanged.

What does the insuring agreement in a Life insurance contract establish?

Which of the following capital budgeting methods might not consider the salvage value of a machine being considered for purchase? payback net present value internal rate of return profitability index

Location is known to affect the number, of a particular item, sold by Walmart. Two different locations, A and B, are selected on an experimental basis. Location A was observed for 18 days and location B was observed for 18 days. The number of the particular items sold per day was recorded for each location. On average, location A sold 39 of these items with a sample standard deviation of 9 and location B sold 55 of these items with a sample standard deviation of 6. Select a 99% confidence interval for the difference in the true means of items sold at location A and B. - [-22.95, -9.05] - [48.42, 61.58] - [87.42, 100.6] - [-18.55, -13.45] - [32.42, 45.58] - None of the above

A recent survey identified the top accounting firms within 10 geographical regions across country X. The top 2 regions reported a combined growth of 19% and 18%. A characteristic description of the accounting firms in these two regions included the number of partners in the firms. Attached below is a sample of the number of partners for 20 firms for each region Complete (a) through (c) below a. At the 0.05 level of significance when pooling the variances, is there evidence of a difference between the two regions' accounting firms with respect to the mean number of partners? Let μ1 be the mean number of partners for the highest growth region and μ2 be the mean number of partners for the second highest growth region Determine the hypotheses Choose the correct answer below. A. H0 μ1 ≤ μ2 B. H0 μ1 ≥ μ2 H1 · μ1>μ2 H1 · μ1<μ2 C. H0 μ1=μ2 D. H0 μ1 ≠ μ2 H1 μ1 ≠ μ2

Arianna invests 5500 in a new savings account which earns 5.6% annual interest, compounded continuously. What will be the value of her investment after 7 years? Round to the nearest cent.

A recent survey identified the top accounting firms within 10 geographical regions across country X. The top 2 regions reported a combined growth of 19% and 18%. A characteristic description of the accounting firms in these two regions included the number of partners in the firms. Attached below is a sample of the number of partners for 20 firms for each region. Complete (a) through (c) below. a. At the 0.05 level of significance when pooling the variances, is there evidence of a difference between the two regions' accounting firms with respect to the mean number of partners? Let μ1 be the mean number of partners for the highest growth region and μ2 be the mean number of partners for the second highest growth region. Determine the hypotheses Choose the correct answer below. A. H0: μ1 ≥ μ2 B. H0: μ1 ≤ μ2 H1: μ1<μ2 H1: μ1>μ2 C. H0: μ1=μ2 D. H0: μ1 ≠ μ2 H1: μ1 ≠ μ2 H1: μ1=μ2

Refer to the graph shown. Assume that the market is initially in equilibrium at a price of 6 and a quantity of 40 units. If the government imposes a 2 per-unit tax on this product, the equilibrium price will change to:

Questions 13 and 14, use the following information: a Internet provider contacts a random sample of 300 customers and asks how many hours per week the customers use the Internet. The average amount of time spent on the Internet per week was 7.2 hours, with a standard deviation of 7.9 hours. 13) Construct a 95% confidence interval for the average amount of time customers of this Internet provider spend on the Internet each week. Round the margin of error to one decimal place. Also, Provide an interpretation of your interval in the context of this data situation. A) 6.3 to 8.1 hours C) 5.7 to 8.7 hours B) 6.0 to 8.4 hours D) 5.5 to 8.9 hours

If a calculator is sold for 11.45, then the revenue in dollars, R, generated by this item is given by the formula R=11.45q, where q represents the number of calculators sold. Use the formula to determine the revenue generated by this item if 38 calculators are sold.

Garron, a sales rep with a large technology company, is celebrating today because he just closed a large deal, which means a sizeable commission. Even the finance department is thrilled because Garron used to review the credit history of this customer to be sure the deal would be a profitable one for the company.

The business cycle refers to the: A. variations in the adult population of an economy. B. fluctuations in the exchange rate of an economy. C. fluctuations in the rate of output of an economy. D. deviation of unemployment from the natural rate of unemployment in an economy.

The table shows the average weekly wages (in dollars) for state government employees and federal government employees for 8 years. The equation of the regression line is ŷ=1.509x−101.350. Complete parts (a) and (b) below. Average Weekly Wages (state), x 762 770 786 813 840 878 924 944 Average Weekly Wages (federal), y 1000 1047 1106 1147 1195 1259 1271 1299 The remaining fraction of the variation, 1-r^2, is unexplained and is due to other factors or to sampling error. (b) Find the standard error of estimate se and interpret the result. se = □ (Round to two decimal places as needed.)

Given a tax rate of 0.8231 and total property tax due of 12,510, the total assessed valuation rounded to the nearest dollar is: Multiple Choice 1,519 150,199 15,199 5,199 None of the answer choices are correct.

A company's 5-year bonds yield 7% per year. Treasury bonds with the same maturity yield of 4.8% per year, and the average 5-year inflation premium is 2.05%. Suppose maturity and liquidity risk premiums are zero. What is the default risk premium on the company's bond?

Franklin Medical Clinic has budgeted the following cash flows. January February March --------- Cash receipts 107,000 113,000 133,000 Cash payments 93,500 75,500 88,500 For inventory purchases 34,500 35,500 30,500 For SA expenses Franklin Medical had a cash balance of 11,500 on January 1. The company desires to maintain a cash balance of 6,000. Funds are assumed to be borrowed, in increments of 1,000, and repaid on the last day of each month; the interest rate is 2 percent per month. Repayments may be made in any amount available. Franklin pays its vendors on the last day of the month also. The company had a monthly 40,000 beginning balance in its line of credit liability account from this year's quarterly results. Required Prepare a cash budget. Note: Round intermediate and final answers to the nearest whole dollar amounts. Any repayments/shortage should be indicated with a minus sign.

Your credit score is determined through which of the following five factors? Age, level of education, income, length of time with current employer, and ZIP code Age, gender, race, income, and high school GPA Payment history, income, debt-to-income ratio, years at current address, and criminal record Payment history, debt amounts, length of credit history, new credit, and credit mix

Candace bought a laptop for 475 dollars. She then decided to sell the laptop for 985. What markup rate did Candace use to calculate the sales price of her laptop? Write your answer as a percentage rounded to the nearest whole number.

Naturalmaid processes organic milk into plain yogurt. Naturalmaid sells plain yogurt to hospitals, nursing homes, and restaurants in bulk, one-gallon containers. Each batch, processed at a cost of 870, yields 675 gallons of plain yogurt. The company sells the one-gallon tubs for 5.00 each and spends 0.10 for each plastic tub. Naturalmaid has recently begun to reconsider its strategy. Management wonders if it would be more profitable to sell individual-sized portions of fruited organic yogurt at local food stores. Naturalmaid could further process each batch of plain yogurt into 14,400 individual portions (3 / 4 cup each) of fruited yogurt. A recent market analysis indicates that demand for the product exists. Naturalmaid would sell each individual portion for 0.46. Packaging would cost 0.06 per portion, and fruit would cost 0.12 per portion. Fixed costs would not change. Should Naturalmaid continue to sell only the gallon-sized plain yogurt (sell as is) or convert the plain yogurt into individual-sized portions of fruited yogurt (process further)? Why? Calculate the net benefit per batch under each alternative. (Enter a "0" for any zero amounts. Round the net benefit per batch to the nearest whole dollar.)

In a random sample of seven people, the mean driving distance to work was 19.4 miles and the standard deviation was 6.5 miles. Assume the population is normally distributed and use the t-distribution to find the margin of error and construct a 99% confidence interval for the population mean μ. Interpret the results. Identify the margin of error. □ □ (Round to one decimal place as needed.) Construct a 99% confidence interval for the population mean. □ □ (Round to one decimal place as needed.)

b. How much interest is paid in the first month of the loan? How much is paid toward the principal in the first month of the loan? c. How much interest is paid in the last month of the loan? How much is paid toward the principal in the last month of the loan? (Round to the nearest cent as needed.)

Assuming the money supply is currently 23,000, the price level is 101, and Real GDP is 13,000: Calculate the Velocity of Money (round answer to the hundredth place) Type your answer... Previous Next

Bank of América Balance Sheet (in billions) Assets Liabilities Reserves 50 Deposits 500 Bonds 190 Loans Net Worth 40 Using the bank balance sheet above and assuming a reserve requirement of 10%, select all statement below that are true. If this bank makes a 2 billion loan to a large corporation, its "Net Worth" will go down by 2 billion. If this bank makes a 2 billion loan to a large corporation its "Reserves" will decrease by 2 billion In the event of a Bank Run and absent Fed intervention, this bank will not have sufficient reserves to meet depositors demands. If the Fed engages in an open market purchase of 25 billion, this bank will be able to increase "Loans" by 22.5 billion. If the Fed engages in an open market sale of 50 billion, the net worth of this bank will not change.

Chapter 17: Money and the Federal Reserve Page(s) 489-494 17.4. How do banks create money? Fill in the blanks to complete the passage about the business of banking. The main function of banks is to accept deposits and then to lend the same money (minus required reserves) back out. Banks make a profit by charging a higher interest rate on loans than the interest rate they pay on deposits. Through the loan process, banks are actually able to create money.

Which of the following structures' profit is taxed twice? a. Sole Proprietorship b. S Corporation c. C Corporation d. LLC

En una economía se presentan los siguientes niveles de producción: BIENES AÑO 2000 AÑO 2001 ... Cantidad Precio Cantidad Precio Leche 200 10 250 15 Trigo 110 5 150 10 Cereal 150 20 200 25 De acuerdo a estos datos, ¿cuál vendría a ser el PIB nominal del año 2000?

Solve the following problem with Excel Solver: (Leave no cells blank - answers to 2 decimal places.) Minimize Z = 4A + 7B 3A + 12B ≥ 90 2A + 16B ≥ 64 1B ≥ 10

Question 15 (1 point) The food engineers at Moria Foods have developed a new variety of banana they have named the "mayfly banana" which hølds perfect ripeness for exactly one day before becoming a black-skinned sack of mush. Which of these actions will result in a lower order quantity from the many retail establishments clamoring to stock up on this new foodstuff? an increase in the price consumers are willing to pay for the mayfly banana an increase in the standard deviation of the number of mayfly bananas demanded by consumers a decrease in the salvage value of the mayfly bananas a decrease in the disposal cost of the mayfly bananas

According to the U.S. Department of Justice Merger Guidelines, a Herfindahl-Hirschman index (HHI) above is associated with a highly concentrated industry. Therefore, if the automobile industry had an HHI of 2,200, then a vertical merger between GM and one of its suppliers likely would be 1,300; rejected since the HHI is above the acceptable threshold 2,400; approved since the HHI is below the acceptable threshold 1,800; rejected since the HHI is above the acceptable threshold 2,500; approved since the HHI is below the acceptable threshold

Check my work All Seasons Plumbing has two service trucks that frequently need repair. If the probability the first truck is available is 0.75 , the probability the second truck is available is 0.50 , and the probability that both trucks are available is 0.30 . points What is the probability neither truck is available? Note: Round your answer to 2 decimal places. eBook Probability

Constant growth stocks Super Carpeting Inc. (SCI) just paid a dividend (D4) of 1.44 per share, and its annual dividend is expected to grow at a constant rate (g) of 3.00% per year. If the required return (r3) on SCI's stock is 7.50%, then the intrinsic value of SCI's shares is per share.

Stern Co. purchased an item for 12 and initially priced the item to sell for 16. Then the company subsequently increased the selling price to 18 before lowering the selling price to 13. Stern then raises the selling price to 14. What is the net markdown? a. 4 b. 3 C. 2 d. 1

If goods are shipped f.o.b. shipping point, at time of shipment

The cost C (in dollars) of supplying recycling bins to p% of the population in a rural township is modeled by C = 27,000 p / (100-p), 0 ≤ p < 100. (a) Find the costs (in dollars) of supplying bins to 20%, 50%, and 95% of the population. cost of supplying bins to 20% cost of supplying bins to 50% cost of supplying bins to 95% (b) Find the limit of C as p → 100^(-). lim (p → 100^(-)) 27,000 p / (100-p) = Interpret the limit in the context of the problem. Use a graphing utility to verify your result. As the percent of the rural population being supplied with recycling bins approaches 100%, the cost -Select-

Recall the formula for computing a company's inventory turnover ratio.

Vacation Planning About 1/4 of potential vacationers have delayed or cancelled a trip because of the stress of planning. If 400 potential vacation planners are randomly selected, find the mean, variance, and standard deviation of those who have delayed or cancelled a trip because of the stress of planning. Round your answers to at least three decimal places. Part: 0 / 2 Part 1 of 2 (a) Find the mean. Mean: μ=

This year, a small business had a total revenue of 48,300. If this is 38% more than their total revenue the previous year, what was their total revenue the previous year? square square

During a period of steadily rising costs, this method results in the highest amount of inventory reported on the balance sheet. FIFO LIFO Weighted Average

Calculate the present value of the following annuities, assuming each annuity payment is made at the end of each compounding period. (FV of 1, PV of 1. FVA of 1, and PVA of 1) (Use tables, Excel, or a financial calculator. Round your answers to 2 decimal places.) Annuity Payment Annual Rate Interest Compounded Period Invested Present Value of Annuity --------------- 4,700 6.0% Semiannually 3 years 9,700 8.0% Quarterly 2 years 3,700 10.0% Annually 5 years

Knowledge Check 01 The current ratio is similar to the quick ratio but is based on a more conservative measure of current assets available to pay current liabilities. True or False

Which of these terms implies an arrangement to buy or use now and pay later? A. credit B. capacity C. mortgage

An industry consists of three firms with sales of 300,000, 700,000, and 250,000. a. Calculate the Herfindahl-Hirschman index (HHI). b. Calculate the four-firm concentration ratio (C4). c. Based on the FTC and DOJ Horizontal Merger Guidelines described in the text, is the Department of Justice likely to attempt to block a horizontal merger between two firms with sales of 300,000 and 250,000?

If 22,000 is invested in an account for 10 years. Calculate the total interest earned at the end of 10 years if the interest is: 7% simple interest=

7. Pretend you're installing a security system in your home and are trying to decide whether to lease or purchase the system. Here are your options: Lease: 125 to install and 31 a month for monitoring fee Purchase: 573 for the equipment and installation and 10 a month for monitoring fee b) Write an equation for each situation in y=mx+b format (label which equation is which) c) Use your equations to estimate how long it will take for the two plans to cost the same.

You can afford a 450 per month car payment. You've found a 5 year loan at 2% interest. How big of a loan can you afford?

A bond yield is defined as the rate that discounts all future cash flows and make its present value equal to the current market price. Given a 2-year bond with semiannual coupon payments of 5 and a face value of 100, and a current market price of 91, what is the yield of this bond? (Round your answer to two decimal places.)

A firm's fixed costs are 30 and the variable costs are (Q+7) per unit. The demand function is P+ 2Q=40 公司的固定成本为 30 , 可变成本为每单位 (Q+7) 。需求函数为 P+2 Q=40 a. What is the total cost function? 什么是总成本函数? b. What is the total revenue function? 什么是总收益函数? c. For what values of Q does the firm break-even? 对于什么 Q 值，公司可以实现收支平衡？ d. What is the profit function? 什么是利润函数? e. Find the value of Q that profit is maximum. 求利润最大的 Q 值。 f. What is the value of maximum profit? 最大利润的价值是多少?

Consider a student loan of 25,000 at a fixed APR of 6% for 30 years. a. Calculate the monthly payment. b. Determine the total amount paid over the term of the loan. c. Of the total amount paid, what percentage is paid toward the principal and what percentage is paid for interest. a. The monthly payment is (Do not round until the final answer. Then round to the nearest cent as needed.)

Question 7 You wish to test the following claim (Ha) at a significance level of alpha=0.005. Ho: mu=84.4 Ha: mu ≠ 84.4 You believe the population is normally distributed and you know the standard deviation is sigma=16.9. You obtain a sample mean of M=82 for a sample of size n=62. What is the test statistic for this sample? (Report answer accurate to three decimal places.) test statistic = What is the p-value for this sample? (Report answer accurate to four decimal places.) p -value = The p-value is... - less than (or equal to) alpha - greater than alpha This test statistic leads to a decision to... - reject the null - accept the null - fail to reject the null As such, the final conclusion is that... - There is sufficient evidence to warrant rejection of the claim that the population mean is not equal to 84.4. - There is not sufficient evidence to warrant rejection of the claim that the population mean is not equal to 84.4. - The sample data support the claim that the population mean is not equal to 84.4. - There is not sufficient sample evidence to support the claim that the population mean is not equal to 84.4.

Let's say the paper producer created 10 million in paper, which it then sold to the bookmaker, who used that paper to produce 80 million in books. In this case, which is true? The paper is an intermediate good and the books are a final good. Perfect! Since the paper is an input into the production of books, it's an intermediate good. The books themselves are the final good. So how much would we count in our nation's GDP? 80 million (the value of the books only) 90 million (10 million paper + 80 million books)

The number of units that must be made to satisfy sales needs and to provide for the desired ending inventory is shown on the budget. (Enter only one word per blank.)

Ravi plans to set aside money for his young daughter's college tuition. He will deposit money in an ordinary annuity that earns 2.4% interest, compounded quarterly. Deposits will be made at the end of each quarter. How much money does he need to deposit into the annuity each quarter for the annuity to have a total value of 73,000 after 15 years? Do not round intermediate computations, and round your final answer to the nearest cent. If necessary, refer to the list of financial formulas.

Which of the following statements is true? The master budget may be prepared in any order. The first step in preparing the master budget is a budgeted balance sheet. Understanding the interrelationships of individual budgets is the key to developing a master budget. Most components of a master budget stand on their own.

If a company mistakenly counts more items during a physical inventory than actually exist, how will the error affect its bottom line? a. Net income will be understated. b. Only gross profit will be affected. c. Net income will be overstated. d. There will be no change to net income.

Find the accumulated value of an investment of 10,000 for 3 years at an interest rate of 1.25% if the money is a. compounded semiannually; b. compounded quarterly; c. compounded monthly d. compounded continuously. a. What is the accumulated value if the money is compounded semiannually? 10,380.91 (Round to the nearest cent as needed.) b. What is the accumulated value if the money is compounded quarterly? 10,381.51 (Round to the nearest cent as needed.) c. What is the accumulated value if the money is compounded monthly? 10,381.92 (Round to the nearest cent as needed.) d. What is the accumulated value if the money is compounded continuously? 10,382.12 (Round to the nearest cent as needed.)

Question 44 The direct write-off method of accounting for uncollectible accounts emphasizes balance sheet relationships. is often used by small companies and companies with few receivables. emphasizes cash realizable value. emphasizes the matching of expenses with revenues.

Milton Corporation gives the preferred stockholders an annual dividend of 5 per share. Each share of stock sells for 100 and selling costs of 3. What is the company's cost of preferred stock? (Round the answer to two decimal places.)

Pregunta 15 4 puntos Una economía presenta los siguientes datos macroeconómicos: Consumo 500 Inversión 100 Exportaciones 200 Impuestos 100 Gasto Público 100 Importaciones 175 Señale la respuesta correcta: (A) La renta disponible es de 675, el PIB de 750 (B) La renta disponible es de 625, el PIB de 725 (C) La renta disponible es de 635, el PIB de 725

After purchasing a car, Eleanor adjusts her budget to cover most car-related expenses that may occur. The monthly payment for her loan is 297.76, the cost of car insurance for 6 months is 618.58, the estimated fuel cost per month is 160, and she wants to set aside 950 per year for repairs and other maintenance. How much should Eleanor budget per month for car expenses? Round your answer to the nearest cent.

Chapter 3 Homework Saved Fincher Farms uses process costing to account for the production of canned vegetables. Direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. Beginning work in process is 30 percent complete; ending work in process is 40 percent complete. 1.5 points The following is an excerpt from the production report for Fincher Farms. 03:47:27 Assume the company uses Weighted-Average Method. Required: Find the missing amounts. eBook References FINCHER FARMS Process Costing Production Report (Weighted-Average Method) For the Month Ended January 31, Current Year Physical Units Units to be accounted for Beginning work in process 40,000 Started into production Total units 340,000 Physical Units Direct Materials Conversion Cost Units accounted for Completed and transferred 260,000 260,000 Ending work in process 80,000 Total units 340,000 340,000 292,000

Prepare a table to compare the year-end cost and fair values of its trading debt securities. Year-end fair values: Verizon, 22,500; Apple, 29,000; and Walmart, 46,000. Portfolio of Trading Securities Cost Fair Value Unrealized Amount ------------ Verizon bonds Apple bonds Walmart bonds Total 0 0

Investors are willing to purchase bonds with a call feature only if the bonds offer a(n) A. slightly lower return than similar bonds without a call feature. B. extraordinary return similar to an IPO. C. slightly higher number of shares of the issuer's stock. D. slightly higher return than similar bonds without a call feature.

Which of the following is not a true statement about mutual funds? A. All have the same investment goals. B. All have a management expense ratio. C. All require a minimum investment. D. The calculation of net asset value is the same.

Find the future value of the loan. Round your answer to the nearest cent. P=200, r=9%, t=2 years The future value of the loan is

5 pts Let's suppose (hypothetically) that the equilibrium price of gasoline has decreased recently. Which of the following combinations of changes in demand and supply best explains this price decrease? Demand has decreased a little, and supply has decreased a lot. Demand has increased a lot and supply has increased a little. Demand has increased a little, and supply has increased a lot. Demand has increased a little, and supply has stayed the same. Demand has increased a lot, and supply has decreased by the same amount.

June 1 Grecco declared and paid a cash dividend of 3.00 per share. December 31 Grecco announced that net income for the year is 737,900. December 31 Kodax sold 12,000 shares of Grecco for 98,000 cash. Prepare journal entries to record the above transactions and events of Kodax Company. Note: Do not round intermediate calculations and round your final answers to the nearest dollar amount.

The economic order quantity (EOQ): Multiple Choice assumes that inventory usage is seasonal. assumes that delivery times of each order are consistent. considers stock-outs. assumes that inventory needs are constant.

A liquid-dispensing machine has been designed to fill bottles with 1.0 liter of liquid. The standard deviation of the process is 0.2 liter. A control chart is shown. The chart has horizontal lines drawn at the mean, μ, at μ ± 2 σ, and at μ ± 3 σ. Determine if the process shown is in control or out of control. Explain. Liquid Dispenser Is the process in control or out of control? Choose the correct answer below. A. Out of control, because there are nine consecutive points either above or below the mean. B. Out of control, because a point lies more than three standard deviations from the mean. C. Out of control, because two out of three consecutive points lie more than two standard deviations from the mean. D. In control, because none of the three warning signals detected a change.

High-rent districts The mean monthly rent for a one-bedroom apartment without a doorman in Manhattan is 2699. Assume the standard deviation is 513. A real estate firm samples 103 apartments. Use Excel. Part 1 of 5 (a) What is the probability that the sample mean rent is greater than 2769? Round the answer to at least four decimal places. The probability that the sample mean rent is greater than 2769 is 0.0831. Part 2 of 5 (b) What is the probability that the sample mean rent is between 2568 and 2668? Round the answer to at least four decimal places. The probability that the sample mean rent is between 2568 and 2668 is 0.2651. Part 3 of 5 (c) Find the 55th percentile of the sample mean. Round the answer to at least two decimal places. The 55th percentile of the sample mean rent is 2705.35. Part 4 of 5 (d) Would it be unusual if the sample mean were greater than 2795? Round the answer to at least four decimal places. (Choose one) because the probability that the sample mean is greater than 2795 is

Comet Lee borrowed 16,000 on a 6%, 90-day note. After 20 days, Comet paid 2,000 on the note. On day 50, Comet paid 4,000 on the note. What are the total interest and ending balance due by the U.S. Rule? Use ordinary interest. Note: Use 360 days. Do not round the denominator in your calculation and round your final answers to the nearest cent.

A baseball coach bought 32 new baseballs for 13 each. The basketball coach bought 16 basketballs for 15 each. Which coach spent more money and by how much?

Question 12 Other favorites Match these methods of computing return on investment to the formula used to compute it IRR NPV Computed by looking at the return on all cash flows and comparing them to the company's required return on pr Computed by looking at all cash flows and computing the effect of those cash flows AAR Reviewing and computing the number of periods it takes to recover the amount of the initial investment Looking at the return calculated by computing the net cash flows using generally accepted accounting principles Payback period

A lender is considering whether to approve a mortgage loan on a home recently appraised at a value of 400,000. If the borrower is willing to make a down payment of 100,000, what is the loan-to-value ratio? Indicate as a whole number percentage (e.g., 40).

Part 2 of 2 Completed: 8 of 13 My score: 7.31/13 pts (56.25%) A popular casino table game is three-card poker. One aspect of the game is the "pair plus" bet in which a player is paid a dollar amount for any hand of a pair or better, regardless of the hand the dealer has. The table available below shows the profit and probability of various hands of a player playing the 5 pair plus bet. Complete parts (a) and (b) below. Click the icon to view the profit and probability table. (a) What is the expected profit when playing the 5 pair plus bet in three-card poker? The expected profit is -0.1. (Round to two decimal places as needed.) (b) If you play the game for 4 hours with an average of 35 hands per hour, how much would you expect to lose? Expect to lose (Round to two decimal places as needed.)

Suppose your monthly revenue from selling used iPads is R(t) = 290 + 13t (0 ≤ t ≤ 4) dollars per month, where t represents months from the beginning of the year, while your monthly costs are C(t) = 105 + 2t (0 ≤ t ≤ 4) dollars per month. Find the total accumulated profit for 0 ≤ t ≤ 4. (Round your answer to a whole number.)

What is the coupon payment of a 25-year 500 bond with a 10% coupon rate with quarterly payments?

33,000 is deposited for 2 years in an account earning 3% interest. (Round your answers to two decimal places.) (a) Calculate the interest earned if interest is compounded semiannually, (b) Calculate the interest earned if interest is compounded quarterly. (c) How much more interest is earned on the account when the interest is compounded quarterly?

You have the choice of receiving 100,000 now or 50,000 now and another 70,000 seven years from now. In terms of today's dollar, which choice is better and by how much? Money is worth 4.7% compounded annually. Which choice is better? A. The choice of 100,000 now is better B. The choice of 50,000 now and 70,000 in seven years is better. C. They are equal in value. The better choice is greater than the alternative choice by in terms of today's dollar. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Lashonda borrowed money from her credit union to buy a fishing boat. She took out a personal, amortized loan for 13,500, at an interest rate of 5.4%, with monthly payments for a term of 6 years. For each part, do not round any intermediate computations and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas. (a) Find Lashonda's monthly payment. (b) If Lashonda pays the monthly payment each month for the full term, find her total amount to repay the loan. (c) If Lashonda pays the monthly payment each month for the full term, find the total amount of interest she will pay.

Find the indicated z score. The graph depicts the standard normal distribution with mean 0 and standard deviation 1. The indicated z score is (Round to two decimal places as needed.)

While James Craig and his former classmate Paul Dolittle both studied accounting at school, they ended up pursuing careers in professional cake decorating. Their company, Good to Eat (GTE), specializes in custom-sculpted cakes for weddings, birthdays, and other celebrations. James and Paul formed the business at the beginning of 2023, and each contributed 270,000 in exchange for a 50 percent ownership interest. GTE also borrowed 1,080,000 from a local bank. Both James and Paul had to personally guarantee the loan. Both owners provide significant services for the business. The following information pertains to GTE's 2023 activities: - GTE uses the cash method of accounting (for both book and tax purposes) and reports income on a calendaryear basis. - GTE received 1,550,000 of sales revenue and reported 720,000 of cost of goods sold (it did not have any ending inventory). - GTE paid 140,000 compensation to James, 140,000 compensation to Paul, and 150,000 of compensation to other employees (assume these amounts include applicable payroll taxes, if any). - GTE paid 37,000 of rent for a building and equipment, 42,000 for advertising, 75,600 in interest expense, 6,200 for utilities, and 4,200 for supplies. - GTE contributed 16,000 to charity. - GTE received a 5,400 qualified dividend from a great stock investment (it owned 2 percent of the corporation distributing the dividend), and it recognized 3,700 in short-term capital gain when it sold some of the stock. - On December 1, 2023, GTE distributed 42,000 to James and 42,000 to Paul. - GTE has qualified property of 322,000 (unadjusted basis). Assume James and Paul formed GTE as an S corporation. 1. Compute the tax basis of Paul's stock in GTE at the end of 2023. 2. What amount of Paul's income from GTE is subject to FICA or self-employment taxes?

Provide an appropriate response. Use this Standard Normal Table to find the probability between 66.5 and 68.0 inches. If a woman is randomly selected, what is the probability that her height is between 66.5 and 68.0 inches? A. 0.3112 B. 0.1844 C. 0.9608 D. 0.7881

Find the midrange. The midrange of the earnings of the 15 celebrities is million. (Type an integer or a decimal.)

APY = (1 + 0.0899/12)^12 - 1

Ridgley Custom Metal Products (RCMP) must purchase a new tube bender. RCMP's MARR is 12 percent. The company is considering three models: Model First Cost Economic Life Yearly Net Savings Salvage Value T 100,000 7 years 55,000 15,000 A 100,000 6 years 40,000 2,000 X 160,000 6 years 65,000 80,000 Using the annual worth method, which of the three tube benders should RCMP buy? The annual worth of Model T is . The annual worth of Model A is . The annual worth of Model X is . So, the Model is the better choice to buy. (Round to the nearest cent as needed.)

According to mashable.com, 37% of Snapchat users use the app for Creativity. A random sample of 28 users was selected. Assuming this estimate is true, use the normal approximation to the binomial distribution to complete parts a through e. a. Calculate the mean and standard deviation for this distribution. Let a success be a Snapchat user that uses the app for Creativity. The mean is 10.36. (Type an integer or a decimal. Do not round.) The standard deviation is 2.555. (Round to three decimal places as needed.) b. What is the probability that 12 or more of the 28 users use the app for Creativity? The probability is . (Round to four decimal places as needed.)

Try Yourself - Question 2 Suppose a corporation's stock had a 2:1 split and that the price per share stayed the same over a 6 year period. What was the rate of return during this period? A. 12.0 % B. 12.2 % C. 12.4 % D. 12.6 % E. 12.8 % Recall that the rate of return is given by i=(FV / PV)^(1 / n)-1

Solve the problem. Suppose 14,000 is invested with 3.5% interest for 9 years compounded quarterly. What is the resulting value? 19,157.36 19,182.75 20,005.98 21,233.65

psychologic means rather than by physical means? Thrombolytic therapy Stereotaxis Hypnotics Psychotherapy Question 6 2 pts What is an accumulation of blood situated on or outside the dura mater? Meningioma Epidural hematoma Intracerebral hematoma Subdural hematoma Question 7 Which system is composed of the brain and spinal cord? Central nervous system

A shopper wants to ensure he has enough cash to purchase a 24 cutting board, so he asks a clerk what the total will be with sales tax included. The clerk tells him the total will be 24.24. What is the sales tax percentage? Write your answer using a percent sign (%).

In a sample of 10 randomly selected women, it was found that their mean height was 63.4 inches. From previous studies, it can be assumed that the population standard deviation σ is 2.4 and that the population of height measurements is normally distributed. Construct the 95% confidence interval for the population mean. A. (61.9,64.9) B. (60.8,65.4) C. (59.7,66.5) D. (58.1,67.3)

Calculate the monthly payment by table lookup and formula. (Answers will not be exact due to rounding of percents in table lookup.). (Use 13% for table lookup.). (Use the loan amortization table) Note: Round your answers to the nearest cent.

Suppose industry X is a perfectly competitive and in long-run equilibrium, with firms earning zero economic profit. If an improvement in production technology causes the average total cost of all firms to fall: new firms will enter the industry, the industry supply will rise, and a new equilibrium will be established at a lower price. some firms will exit the industry, the industry supply will fall, and a new equilibrium will be established at a lower price. some firms will exit the industry, the industry supply will fall, and a new equilibrium will be established at a higher price. new firms will enter the industry, the industry supply will rise, and a new equilibrium will be established at a higher price.

Anders discovered an old pay statement from 12 years ago. His monthly salary at the time was 3,500 versus his current salary of 6,430 per month. At what (equivalent) compound annual rate has his salary grown during the period? (Do not round intermediate calculations and round your final percentage answer to 2 decimal places.) His salary grew at a rate of % compounded annually.

On January 1, 2026, Eagle Company borrows 100,000 cash by signing a four-year, 7% installment note. The note requires four equal payments of 29,523, consisting of accrued interest and principal on December 31 of each year from 2026 through 2029. Prepare the journal entries for Eagle to record the note's issuance and each of the four payments. Note: Round your intermediate calculations and final answers to the nearest dollar amount. Record the issuance of the note on January 1, 2026.

Salamancas Enterprises' noncallable bonds currently sell for 1,120. They have a 15-year maturity, an annual coupon of 85, and a par value of 1,000. What is their yield to maturity? a. 5.84% b. 6.15% c. 6.47% d. 7.17%

Exports minus Imports is equal to All of these are correct Trade balance Net Exports Net Capital Outflow Net Foreign Investment

Quiz 7 Started: Nov 8 at 12:35pm Quiz Instructions Complete a timed multiple-choice quiz (10 questions, one point per question). The time limit for is 45 minutes. Question 8 1 pts For a manufacturing company, which of the following represents the correct order in for the budgets to be prepared? Sales budget, cash budget, direct materials budget, direct labor budget Production budget, sales budget, direct materials budget, direct labor budget Sales budget, cash budget, production budget, direct materials budget Selling and administrative expense budget, cash budget, budgeted income statement, budgeted balance sheet Previous Next No new data to save. Last checked at 12:50pm Submit

Multiple Choice Question Many firms rely on the idea that 20% of heavy users account for of total demand. 5% 10% 50% 80%

Based on a Comcast survey, there is a 0.8 probability that a randomly selected adult will watch prime-time TV live, instead of online, on DVR, etc. Assume that seven adults are randomly selected. Find the probability that fewer than three of the selected adults watch prime-time live. A. 0.000358 B. 0.00467 C. 0.0512 D. 0.00430

If the stock prices of Ford Motors and General Motors both fell during the recession, what type of covariance did they exhibit? Positive Covariance Negative Covariance No Covariance

Ella is promoted to salary level 3, receives a 2% cost-of-living increase and a 5% merit bonus. What is Ella's new salary? Level 1 2 3 Salary 55,000 60,000 64,000 [?] Round to the nearest dollar.

23. For a firm in a perfectly competitive market, the price of the good is always a. equal to total revenue. b. equal to marginal revenue. c. greater than average revenue. d. All of the above are correct.

Sara checks her retirement account and sees that she has a total of 131,377 after 11 years. If her account earns 6.8% that is compounded on a continuous basis, what was the amount of her original investment?

A company is trying to determine its net income. To figure out this value, the company should equate the total profit or loss minus Multiple Choice assets and liabilities. equity. sales. expenses, including taxes. income and profits.

lem #13 of 16 All of the following statements are true regarding available-for-sale securities except a. they are recorded at fair value. b. changes in their fair values are included as part of stockholders' equity. c. a valuation allowance account is not used with available-for-sale securities. d. changes in their fair values are not recognized on the income statement.

Under the allowance method, recording the write-off of an uncollectible account will have what effect on the accounting equation? Total assets decrease and equity decreases. Total assets remain unchanged. Total assets increase and equity decreases. Liabilities increase and equity decreases.

The credit card with the transactions described on the right uses the average daily balance method to calculate interest. The monthly interest rate is 2.5% of the average daily balance. Calculate parts a-d using the statement on the right. Transaction Description Transaction Amount ------ Previous balance, 6280.00 March 1 Billing date March 5 Payment 400.00 credit March 7 Charge: Restaurant 50.00 March 12 Charge: Groceries 90.00 March 21 Charge: Car Repairs 210.00 March 31 End of billing period Payment Due Date: April 9 a. Find the average daily balance for the billing period. Round to the nearest cent. The average daily balance for the billing period is (Round to the nearest cent as needed)

An exercise machine with an original price of 910 is on sale at 18% off. a. What is the discount amount? b. What is the exercise machine's sale price?

Question 24 2 pts A building with an appraisal value of 154,000 is made available at an offer price of 172,000. The purchaser acquires the property for 40,000 in cash, a 90-day note payable for 45,000, and a mortgage amounting to 75,000. The cost of the building to be reported on the balance sheet is 154,000 172,000 160,000 120,000

What happens when the price of a good or service increases? (4 points) Demand increases. Demand decreases. Quantity demanded increases. Quantity demanded decreases.

Name: Aanya Bejjenki Lab Quiz 5: Year Price index Nominal Expenditure 2019 0.95 3,000 2024 1.15 5,000 Use the information above to answer the following questions. 1. What is the real expenditure in 2019? Real expenditure in 2019 = 3,000 / 0.95 = 3,157.89 2. What is the real expenditure in 2024 ? Real expenditure in 2024 = 5000 / 1.15 = 4,347.83 3. What is the simple growth rate in real expenditure between 2019 to 2024? Simple growth rate = (4347.83-3157.89) / 3157.89 x 100 ≈ 37.63 % 4. What is the compound growth rate in real expenditure between 2019 and 2024 ? compound growth rate = 4347.83 / 3157.89 1 / 5 - 1 = 6.39 % 5. Use the compound growth rate to estimate the real expenditure in 2020. Real expenditure in 2020 -3157.89 x (1+0.0639)^1 = 3,359.68

Kelly's taxable income is 110,000. Approximately what percent of her taxable income is her tax?

A proposed new project has projected sales of 219,000, costs of 96,000, and depreciation of 26,000. The tax rate is 23 percent. Calculate operating cash flow using the four different approaches. Note: Do not round intermediate calculations. - Operating cash flow: 100,690 - Top-down: 94,710 - Tax shield: 80,670 - Bottom-up: 100,690

20. A company's multiple is calculated by: a. multiplying cash flow by the company's beta. b. dividing profits by cash flow. c. dividing the current market price of a company's common stock by its earnings per share. d. multiplying profits by the company's beta.

On May 1, Year 1, Benz's Sandwich Shop loaned 12,000 to Mark Henry for one year at 8 percent interest. Required a. What is Benz's interest income for Year 1? b. What is Benz's total amount of receivables at December 31, Year 1? c. How will the loan and interest be reported on Benz's Year 1 statement of cash flows? d. What is Benz's interest income for Year 2? e. What is the total amount of cash that Benz's will collect in Year 2 from Mark Henry? f. How will the loan and interest be reported on Benz's Year 2 statement of cash flows? g. What is the total amount of interest that Benz's earned on the loan to Mark Henry? Note: For all requirements, round your answers to the nearest dollar amount. a Interest income 640 b Receivables c Cash used in investing activities d Interest income e Cash f Cash provided by operating activities f Cash provided by investing activities g Interest earned

Warner Company's year-end unadjusted trial balance shows accounts receivable of 106,000, allowance for doubtful accounts of 670 (credit), and sales of 350,000. Uncollectibles are estimated to be 1.50% of accounts receivable. 1. Prepare the December 31 year-end adjusting entry for uncollectibles. 2. What amount would have been used in the year-end adjusting entry if the allowance account had a year-end unadjusted debit balance of 650?

A polling agency says that over 75% of people in the United States prepare and file their income taxes before April 15th. Let p be the true proportion of people in the United States who prepare and file their income taxes before April 15th. In a random survey of 1000 people in the United States, 790 said that they prepare and file their income taxes before April 15th. (a) At 5% level of significance, to test that over 75% of people in the United States prepare and file their income taxes before April 15th, the suitable null and alternative hypotheses are [ Select ] (b) The standardized test statistic is closest to [Select] (c) Calculate the P-value and state the decision of the test at 5% level of significance. [Select]

to the savings-investment spending identity: rum economic growth to occur, savings must be less than investment spending. and investment spending are always equal for the econormy as a whele. un economic growth to occur, savings must be greater than investment spending. un economic growth to occur, savings must equal investment spending.

7. If f(x)=sin x+tan x+(x^3/3), then f'(x)= A. -cos x-csc ^2 x+3 x^2 B. cos x+sec ^2 x+x^2 C. cos x-csc ^2 x-3 x^2 D. cos x+tan x sec x+x^2 8. If f(x)=cot x tan x, then f'(x)= A. cot x sec ^2 x-tan x csc ^2 x B. 1 C. -1 D. 0 9. If f(x)=(x^2-3 x) sec x, then f'(x)= A. sec x[(x^2-3 x) tan x+(2 x-3)] B. sec x[(x^2-3 x) tan x-(2 x-3)] C. (2 x-3) sec x tan x+(x^2-3 x) sec x D. (x^2-3 x) tan x+sec x(2 x-3)

You decide to quit using your credit card and want to pay off the balance of 6,300 in 2 years. Your interest rate is 15.05% compounded monthly. What will your monthly payments be?

You may need to use the appropriate appendix table or technology to answer this question. The population proportion is 0.26. What is the probability that a sample proportion will be within ± 0.04 of the population proportion for each of the following sample sizes? (your answers to 4 decimal places.) (a) n=100 (b) n=200 (c) n=500

Option 2: a 15-year loan at an APR of 6.5%. Compare the two options. Which appears to be the better option? A. Option 1 is the better option, but only if the borrower plans to stay in the same home for the entire term of the loan. B. Option 1 will always be the better option. C. Option 2 is the better option, but only if the borrower can afford the higher monthly payments over the entire term of the loan. D. Option 2 will always be the better option

This question: 1 point(s) possible The shape of the distribution of the time required to get an oil change at a 20-minute oil-change facility is skewed right. However, records indicate that the mean time is 21.3 minutes, and the standard deviation is 3.9 minutes. Complete parts (a) through (c). (a) To compute probabilities regarding the sample mean using the normal model, what size sample would be required? A. The sample size needs to be greater than or equal to 30. B. The sample size needs to be less than or equal to 30. C. The normal model cannot be used if the shape of the distribution is skewed right. D. Any sample size could be used. (b) What is the probability that a random sample of n=35 oil changes results in a sample mean time less than 20 minutes? The probability is approximately . (Round to four decimal places as needed.) (c) Suppose the manager agrees to pay each employee a 50 bonus if they meet a certain goal. On a typical Saturday, the oil-change facility will perform 35 oil changes between 10 A.M. and 12 PM. Treating this as a random sample, there would be a 10% chance of the mean oil-change time being at or below what value? This will be the goal established by the manager. There is a 10% chance of being at or below a mean oil-change time of minutes. (Round to one decimal place as needed.)

Estimate the variance in mean mathematics SAT scores by state, using the randomly selected scores listed below. Estimate with 99% confidence. Assume the variable is normally distributed. Round the sample variance and final answers to one decimal place. 490 209 543 515 499 500 572 565 550 469 211

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