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An investment of 15000 grows to 22417 over six years. Find the interest rate on the account if the interest is compounded annually.
Complete the first two months of the amortization schedule for a fixed-rate mortgage. Complete parts (a) through (h). a: 0 Mortgage, 144,500; Interest rate, 4.5%; Term of loan, 15 years Fill out the amortization schedule and round all values to the nearest cent. (Do not round until the final answer. Then round to the nearest cent as needed.) Payment Number Total Payment Interest Payment Principal Payment Balance of Principal --- --- --- --- --- 1 (a) 1105.42 (b) (c) (d)
E9-15 (Static) Determining Actual Costs, Standard Costs, and Variances [LO 9-3, 9-4] Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: Actual purchase price Actual direct labor rate Standard purchase price Standard quantity for sets produced Standard direct labor hours allowed Actual quantity purchased in October Actual direct labor hours Actual quantity used in October Direct labor rate variance 2.30 per pound 7.50 per hour 2.10 per pound 970,000 pounds 11,000 1,115,000 pounds 10,000 1,000,000 5,500 F Required: 1. Calculate the total cost of purchases for October. 2. Compute the direct materials price variance based on the actual quantity purchased. 3. Calculate the direct materials quantity variance based on the actual quantity used. 4. Compute the standard direct labor rate for October. 5. Compute the direct labor efficiency variance for October. Calculate the total cost of purchases for October.
What annual interest rate is required for a debt of 11,339 to grow into 13,880 in 6 years if interest compounds monthly? Round your answer to the nearest tenth of a percent.
Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest ten dollars.) 400 deposited monthly for 20 years at 2% per year FV=
Calculate the single equivalent discount rate for each company? Note: Do not round intermediate calculations. Round your final answers to the nearest hundredth percent. Company A % Company B % Which of the following companies, A or B, gives a higher discount? Use the single equivalent discount rate to make your choice. Company B Company A
Select the formula you need to use to solve this problem: Katie is purchasing her first home for 129,000. She makes a downpayment of 10% and mortgages the rest at 3.15% interest for 15 years. What is her monthly payment amount? Simple interest, A=P(1+rt) Loans formula Payout annuity formula Annuity formula Compound interest Simple interest, I= Prt
Determine the approximate monthly cost of spending 11.26 on doggy daycare at least 2 times a week. (Assume four weeks in a month.)
In a survey of 2303 adults, 715 say they believe in UFOs. Construct a 95% confidence interval for the population proportion of adults who believe in UFOs. A 95% confidence interval for the population proportion is ( (Round to three decimal places as needed.) Interpret your results. Choose the correct answer below. A. The endpoints of the given confidence interval shows that 95% of adults believe in UFOs. B. With 95% confidence, it can be said that the population proportion of adults who believe in UFOs is between the endpoints of the given confidence interval. C. With 95% confidence, it can be said that the sample proportion of adults who believe in UFOs is between the endpoints of the given confidence interval. D. With 95% probability, the population proportion of adults who do not believe in UFOs is between the endpoints of the given confidence interval.
Multiple Choice Question Due in less than 4 hours Benson Company paid 180,000 to purchase a competitor's business. At the time of the purchase, the business had assets with a book value of 150,000 and a fair market value of 160,000. Benson assumed business liabilities of 20,000. The total amount of goodwill is 50,000. 20,000. 40,000 30,000.
Determine a casino's expected net income from a 24-hour period at a single roulette table if the casino's total overhead for the table is 30 per hour and if customers place a total of 5,000 on single-number bets, 4,000 on two-number bets, 4,000 on four-number bets, 2,000 on six-number bets, 7,000 on low-number bets, and 8,000 on red-number bets. (Assume the expected value of each of these 1 bets in roulette is 0.053.) 88.8
Define the concept of risk in investment.
The incomes in a certain large population of college teachers have a Normal distribution, with mean 75,000 and standard deviation 10,000. Sixteen teachers are selected at random from this population to serve on a committee. What is the probability that their average salary is more than 77,500?
The elastic a firm's demand curve, the greater its market power
Calculate the return on equity (after tax) ratio. Note: Do NOT enter your answer as a percentage (i.e., do not move the decimal two places to t rounded to the nearest hundredth.
Find the p-value for Factor B p-value = (Round to three decimal places as needed.) Draw the appropriate conclusion for Factor B. Choose the correct answer below. A. Do not reject the null hypothesis. There is insufficient evidence to conclude that not all Factor B means are equal. B. Reject the null hypothesis. There is sufficient evidence to conclude that not all Factor B means are equal. C. Do not reject the null hypothesis. There is sufficient evidence to conclude that the means differ. D. It is inappropriate to draw a conclusion from this test because the Factors A and B interact.
Internet service: An Internet service provider sampled 536 customers, and finds that 79 of them experienced an interruption in high-speed service during the previous month. 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 0.147. Part 2 of 3 (b) Construct a 95% confidence interval for the proportion of all customers who experienced an interruption. Round the answers to at least three decimal places.
377 of the 627 freshmen psychology majors from a recent study changed their major before they graduated and 416 of the 611 freshmen business majors changed their major before they graduated. What can be concluded at the alpha=0.05 level of significance? If the calculator asks, be sure to use the "Pooled" data option. For this study, we should use z-test for the difference between two population proportions The results are statistically significant at alpha=0.05, so there is sufficient evidence to conclude that the proportion of the 627 freshmen psychology majors who changed their major is less than the proportion of the 611 freshmen business majors who change their major.
Multiple Select Question Select all that apply Select the manner in which a state adopts the federal Internal Revenue Code. Adopt a potential version of the Code Adopt the current version of the Code Adopt a previous version of the Code
The increase in the amount the government collects in taxes when the economy expands and the decrease in the amount the government collects in taxes when the economy goes into a recession is an example of A. automatic monetary policy B. discretionary monetary policy C. discretionary fiscal policy D. automatic stabilizers.
Use the 2021 marginal tax rates to compute the tax owed by the person with the given filing status, taxable income, and tax credit. Head of household with a taxable income of 56,000 and a 5000 tax credit i. Click the icon to view the 2021 marginal tax rates.
Of Macroecon 10019 Nathan Lock for Exam 2 Question 4 of 23 This quiz: 40 point(s) possibl This question: 1 point(s) pos If firms are more pessimistic and believe that future profits will fall and remain weak for the next few years, then A. investment spending will rise and then fall. B. investment spending will fall. C. investment spending will remain unaffected. D. investment spending will rise.
Find the future value of an ordinary annuity if payments are made in the amount R and interest is compounded as given. Then determine how much of this value is from contributions and how much is from interest. R=900; 6.04% interest compounded semiannually for 9 years. The future value of the ordinary annuity is . (Round to the nearest cent as needed.)
Question 7 6 pts 7.A rightward shift in the demand curve for a commodity necessarily means that a. Supply conditions are more favorable. b. Consumers' incomes have fallen. c. The price of complementary goods increased. d. Equilibrium price decreases. e. Equilibrium price increases.
Salem Amusement Park paid 180,000 for a concession stand. Salem started out depreciating the building using the straight-line method over 10 years with a residual value of zero. After using the concession stand for six years, Salem determines that the building will remain useful for only two more years. Record Salem's depreciation on the concession stand for year seven using the straight-line method. (Record debits first, then credits. Exclude explanations from any journal entries.)
The Gonzales family offers an impressive example of environmental consciousness. Family members turn off lights and electronics as they leave their rooms. When the family is gone for the day, the air conditioning is set at a slightly higher temperature to reduce cooling costs. Mr. and Mrs. Gonzales use reusable grocery bags that the family stores in the pantry. A backyard garden provides more than half of the vegetables that the family consumes, and rain barrels are used to irrigate the crops. The topic of the paragraph is electricity conservation finances horticulture
Multiple Choice Question Flash receives a distribution of long-term capital gain property worth 40,000 (basis to the S corp of 10,000) from the S corporation in which he is a 50% shareholder (never previously a C corporation). Flash's basis in the S corporation before the distribution was 52,000. What is Flash's basis after the distribution? 27,000 0 42,000
In a random sample of 100 audited estate tax returns, it was determined that the mean amount of additional tax owed was 3436 with a standard deviation of 2598. Construct and interpret a 90% confidence interval for the mean additional amount of tax owed for estate tax returns. Find and interpret a 90% confidence interval for the mean additional amount of tax owed for estate tax returns. Select the correct choice below and fill in the answer boxes to complete your choice. (Use ascending order. Round to the nearest dollar as needed) A. 90% of taxes owed for estate tax returns are between and . B. One can be 90% confident that the mean additional tax owed is between and . C. There is a 90% probability that the mean additional tax owed is between and
A good credit history means you have never missed a loan payment and you always pay on time.
A wedding website states that the average cost of a wedding is 29,065. One concerned bride hopes that the average is less than reported. To see if her hope is correct, she surveys 45 recently married couples and finds that the average cost of weddings in the sample was 27,360. Assuming that the population standard deviation is 6097, is there sufficient evidence to support the bride's hope at the 0.01 level of significance?
Multiple Select Question Select all that apply The break-even point is the sales level at which a company: (Check all that apply.) - contribution margin equals variable costs. - incurs a loss. - has a profit equal to fixed costs. - contribution margin equals fixed costs. - has income of 0.
Exercise 8-7 (Algo) Goods in transit; consignment [LO8-2] The December 31, 2024, year-end inventory balance of the Almond Corporation is 244,000. You have been asked to review the following transactions to determine if they have been correctly recorded. 1. Goods shipped to Almond f.o.b. destination on December 26, 2024, were received on January 2, 2025. The invoice cost of 47,000 is included in the preliminary inventory balance. 2. At year-end, Almond held 31,000 of inventory on consignment from the Hardgrove Company. This inventory is included in the preliminary inventory balance. 3. On December 29, inventory costing 7,700 was shipped to a customer f.o.b. shipping point and arrived at the customer's location on January 3,2025. The inventory is not included in the preliminary inventory balance. 4. At year-end, Almond had inventory costing 32,000 on consignment with the Juniper Corporation. The inventory is not included in the preliminary inventory balance. Required: Determine the correct inventory amount to be reported in Almond's 2024 balance sheet.
Units Unit Cost Total Cost Beginning inventory: 22 110 2,420 Purchase on July 3: 37 135 4,995 Sales: 50 ? ?
An engineer has designed a valve that will regulate water pressure on an automobile engine. The valve was tested on 140 engines and the mean pressure was 6.8 lbs / square inch. Assume the standard deviation is known to be 0.8. If the valve was designed to produce a mean pressure of 6.9 lbs / square inch, is there sufficient evidence at the 0.1 level that the valve does not perform to the specifications? State the null and alternative hypotheses for the above scenario. H0: Ha:
Find the nominal annual rate of interest compounded semi-annually that is equivalent to 9.3% compounded quarterly. The nominal annually compounded rate of interest is %. (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.)
Christina bought a new car for 31,000. She paid a 10% down payment and financed the remaining balance for 48 months with an APR of 4.5%. Determine the monthly payment that Christina pays. Round your answer to the nearest cent, if necessary.
All of the following statements regarding the 2023 Additional Child Tax Credit are correct, EXCEPT? The Additional Child Tax Credit is a refundable credit. The Additional Child Tax Credit is a nonrefundable credit. Taxpayers must have an earned income of at least 2,500 to qualify. The maximum Additional Child Tax Credit is 1,600.
The standard costs and actual costs for direct materials for the manufacture of 2,500 actual units of product are as follows: Standard Costs Direct materials 1,040 kilograms at 8.64 Actual Costs Direct materials 2,500 kilograms at 8.05 The direct materials price variance is a. 1,475 favorable b. 614 favorable c. 614 unfavorable d. 1,475 unfavorable
The price of an item yesterday was 140. Today, the price rose to 203. Find the percentage increase.
Compute the correlation coefficient between the price of eggs and the price of milk. Round the answer to at least three decimal places The correlation coefficient is r= .0498 In a month where the price of eggs is above average, would you expect the price of milk to be above average or below average? Explain. I would expect the price of milk to be (Choose one) average since r is (Choose one)
A study of 420,095 cell phone users found that 0.0319% of them developed cancer of the brain or nervous system. Prior to this study of cell phone use, the rate of such cancer was found to be 0.0332% for those not using cell phones. Complete parts (a) and (b). a. Use the sample data to construct a 90% confidence interval estimate of the percentage of cell phone users who develop cancer of the brain or nervous system. % < p < % (Do not round until the final answer. Then round to three decimal places as needed.)
For each definition on the left, select (drag and drop) the correct term from below. Agreement that exists before a contract is issued. Intentional relinquishment of a known right. The price each party demands for agreeing to carry out his or her part of the contract. Situation in which insureds have no input in the design of a policy's terms. Situation when the insurer or its agent leads an insured to believe coverage exists, and thus the insurer cannot later claim that no coverage existed. Waiver Indemnity Adhesion Subrogation Concealment Estoppel Representations Consideration Binder
The central bank will purchase 0.60 million in government bonds from Typical Bank to complete these open market operations. As a result of this move, Typical Bank's total assets will: - Increase by 0.60 million - Not change
A payday loan company charges a 90 fee for a 400 payday loan that will be repaid in 15 days. Treating the fee as interest paid, what is the equivalent annual interest rate? % interest
You are holding a raffle to fundraise for college scholarships. There will be one grand prize winner for 1000 and 3 consolation prize winners for 90. The cost for people to purchase a single ticket will be 6. If you sell 1148 tickets, then the expected profit per ticket sold for your fundraiser will be 4.89373. Round this expected value to the nearest cent (two decimal places).
How much must be deposited today into the following account in order to have 50,000 in 8 years for a down payment on a house? Assume no additional deposits are made. An account with quarterly compounding and an APR of 5.6% should be deposited today. (Do not round until the final answer. Then round to the nearest cent as needed.)
No person shall conduct a take-off in a power-driven aircraft, other than an ultralight aeroplane, unless the following operational and emergency equipment is carried on board: (select all that apply) personal floatation devices for each member of the crew and at least ten percent of passengers with a minimum of one a hand-held fire extinguisher in the cockpit a timepiece one flashlight to be utilized by all crew members a first aid kit
Multiple Choice Question Spice sells paprika for 9.00 per bottle. Variable cost is 2.43 per bottle and Spice's annual fixed costs are 825,000. The variable expense ratio for paprika is 100% 73% 54% 27%
Clarice was in the process of creating a report on the performance of her students and was trying to determine the z-score related to overall student scores. the mean percentage of students was 75% and the standard deviation was 10%, what z-score would correspond to a student that ended the course with an 85%? -2 -1 1 2 -3
Financial intermediation is the process in which: financial institutions act as intermediaries between the suppliers and demanders of funds Thrift institutions were formed specifically to encourage household savings and to: make home mortgage loans The three principal tools of the Federal Reserve System are:
Question 6 1 pts Suppose that today, the current yield for a corporate bond is 6.5%. If the market price will go down by 20% tomorrow, compute the current yield after the decrease. Round your answer to the nearest tenth of a percent.
Demand based pricing Competition based pricing Cost based pricing Emerging Supply Chain Report (ESD) sells generators, freeze-dried food, bottled water, propane stoves, and other items that may be needed in the event of a disaster. ESD's pricing strategy is highly likely to be Emergency Supply Depot (ESD): prices are higher due to outdoor enthusiasts purchasing items for camping, rafting, and other outdoor activities. The first usually shop there as a matter of convenience and don't pay as much attention to price. ESD promotes the weather and disaster preparedness and fair pricing during times of natural disaster or any kind of need
Z is a standard normal random variable. The P(z>2.11) equals A. 0.0211 B. 0.0174 C. 0.4821 D. 0.9826
What is the average startup cost for a food truck business? - A. 5,000 - 10,000 - B. 50,000 - 100,000 - C. 200,000 - 300,000 - D. 500,000-1,000,000
One retailer charges 1048 for a certain computer. A firm of tax accountants buys 6 of these computers. It makes a down payment of 1100 and agrees to amortize the balance with monthly payments at 15% interest for 3 years. Prepare an amortization schedule showing the first four monthly payments for this loan. Write the equation that can be used to find the amount of each monthly payment. PMT = (PV * )/(1-(1+)) where PV= (Type integers or decimals. Simplify your answers.)
11. According to the graph, how well did My Company's stock perform against that of its industry as a whole and against the market, as measured by the stocks in the SP 500? a. It performed much better than both the market and the industry. b. It performed worse than both the market and the industry. c. It performed better than the market, but worse than the industry. d. It performed better than the industry, but worse than the market. 12. Based on this graph, what would have been the best investment over the five-year period? a. holding the Company Stock b. investing in peer stocks c. investing in the overall market d. getting out of the market entirely
Use PMT =(n)/[1-(1+(r/n))^(-n t)] to determine the regular payment amount, rounded to the nearest dollar. In terms of paying less in interest, which is more economical for a 240,000 mortgage: a 30 -year fixed-rate at 9.5% or a 20 -year fixed-rate at 9%? How much is saved in interest? Select the correct choice below and fill in the answer box within your choice. (Do not round until the final answer. Then round to the nearest thousand dollars.) A. The 20 -year 9% loan is more economical. The buyer will save approximately in interest. B. The 30 -year 9.5% loan is more economical. The buyer will save approximately in interest.
Hassan is signing up for a gym membership with a one-time fee to join and then a monthly fee to remain a member. Let C represent the total cost of the gym membership over t months. A graph of C is shown below. Write an equation for C then state the y-intercept of the graph and determine its interpretation in the context of the problem.
The claim is that weights (grams) of quarters made after 1964 have a mean equal to 5.670 g as required by mint specifications. The sample size is n=37 and the test statistic is t=-3.048. Use technology to find the P-value. Based on the result, what is the final conclusion? Use a significance level of 0.10 . State the null and alternative hypotheses. H0: mu = 5.670 H1: mu neq 5.670
Prepare the journal entry to record the sale of the equipment: Cash 60,000 Accumulated Depreciation 55,000 Loss on sale of Equipment) 10,000 Equipment (Boal) 125,000 Show your calculation to support your gain or loss: Book value = cost - depreciation = 125,000 - 55,000 = 70,000 60,000 from 70,000 = 10,000 loss on sale Explain what is happening in this entry (i.e., By debiting account I am increasing that account and by crediting account I am decreasing that account):
Suppose you have a student loan of 25,000 with an APR of 12% for 20 years. Complete parts (a) through (c) below. c. Compare the total amount you'll pay over the loan term if you pay the loan off in 10 years versus 20 years. Total payments for the 20-year loan = . Total payments for the 10-year loan =
Consider the following loan. Complete parts (a)-(c) below. An individual borrowed 64,000 at an APR of 4%, which will be paid off with monthly payments of 346 for 24 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 64000, the annual interest rate is 4% the number of payments per year is 12, the loan term is 24 years, and the payment amount is 346.
Medical research indicates that vitamin A may be helpful in treating measles. If the research can be substantiated, the demand for vitamin A will increase. the supply of vitamin A will decrease. the demand for vitamin A will decrease. the supply of vitamin A will increase.
David bought 3 DVDs for 4 books for 40 at a yard sale. Anna bought 1 DVD and 6 books for 18. How much did each DVD and book cost? 3x + 4y = 40 1x + 6y = 18
Finance is most concerned with determining the current value of assets and investments determining the ratio of assets to investments determining how much assets and investments will be worth over time determining how much assets and investments were worth in the past
Question 3 20 Points Time Value of Money. Find P=Present worth when given F=Future value Given: You wish to withdraw 10,000, 8 years in the future. What is your lump sum investment in a savings account today if the account compounds every 6 months at a 9% interest. Find: What is the present value, to achieve 10,000 in 8 years? (A) 54,881 (B) 54,945 (C) 55,019 (D) 55,103
The mean value of land and buildings per acre from a sample of farms is 1200, with a standard deviation of 300. The data set has a bell-shaped distribution. Assume the number of farms in the sample is 71. (a) Use the empirical rule to estimate the number of farms whose land and building values per acre are between 900 and 1500. farms (Round to the nearest whole number as needed.)
Which of the following activities is directly related to the establishment of the financial structure and record keeping of a new company? The funds and the level of funding required for the new business Maintenance of accounting records Management of the paper/data flow of the new company All of these choices are correct.
Which one of the following is the most likely reason why a stock price might not react at all on the day that new information related to the stock's issuer is released? Assume the market is semistrong form efficient. A) Company insiders were aware of the information prior to the announcement. B) Investors do not pay attention to daily news. C) Investors tend to overreact. D) The news was positive. E) The information was expected.
Using the method of your choice, calculate the Net Present Value of the following cash flows. Assume that the required return on this project is 15% Project A: - Initial Cost: -150 - Year 1: 175 - Year 2: 100 1. 78 2. 35 3. 70 4. 55
In an economy with it remains money. a) inflation b) currency c) deflation d) a market orientation
A gym charges members 35 for a registration fee, and then 38 per month. You became a member some time ago, and now you have paid a total of 415 to the gym. How many months have passed since you joined the gym? months have passed since you joined the gym.
If you paid 900 for a 1000 25-year bond that pays a 10% annual interest payment, the bond's yield is 11.1% 5.3% 9% 10%
In uncertain economic times, serves as a way of preserving economic value that can be spent or consumed in the future. a) refinancing your home mortgage b) buying a new car c) obtaining a credit card d) owning gold
Why does the pooling of risk lead to an overall reduction of risk in society? As the severity of exposures increases insurers' accuracy of prediction improves, reducing the overall risk. Insureds' risk appetite decreases as the severity of exposures increases, thus reducing overall risk. Insureds' anxiety of risk decreases as the number of exposures increases. As the number of exposures increases insurers' accuracy of prediction improves, reducing the overall risk. Insureds' attitude towards risk changes as the number of insurers increases.
What is the first step of the accounting cycle?
A company purchases inventory or supplies and promises to pay within 30 to 45 days. No formal agreement is signed. The company records this transaction as accounts payable. notes receivable. notes payable. accounts receivable.
Adam Incorporated makes specialized garden figurines. Its monthly total is 760 when it charges 20 for each figurine. One month, the firm tried lowering its price to 19, and its total sales revenue that month dropped to 760. On the basis of this data. What is the price elasticity of demand for Adam Incorporated's product? Note: Round your answer to 2 decimal places.
EVERFI Educational Platform Investing Process a 12 et/curriculum/show?enrollmentid=89147255#investing-process/a12/page-02 Quiz Question 3 of 6 Investing in mid-cap and large-cap companies means Select a response. the companies are typically newer. anticipating steadier growth over time. taking a higher risk. strategizing for high growth potential. Submit Continue
Use the figure above. What is the Consumer Surplus under a monopoly industry?
Using the orange curve (square symbols), plot the present value of each of the expected future dividends for years 10, 20, and 50. The resulting curve will illustrate how the PV of a particular dividend payment will decrease depending on how far from today the dividend is expected to be received. Note: Round each of the discounted values of the of dividends to the nearest tenth decimal place before plotting it on the graph. (Tool tip: Mouse over the points in the graph to see their coordinates.)
A 145,500 mortgage was financed with a 30 year fixed rate at 7.5%. a) What is the monthly payment? 1017.36 (Simplify your answer. Round to the nearest cent as needed.) b) What is the total of payments over 30 years? 366249.6 (Simplify your answer. Round to the nearest cent as needed.) c) What is the interest over the 30 years? 220749.60 (Simplify your answer. Round to the nearest cent as needed.) d) If the mortgage is reduced to 15 years, what would be the monthly payment? 1348.80 (Simplify your answer. Round to the nearest cent as needed.) e) How much would be saved in interest by choosing a 15 year mortgage? (Simplify your answer. Round to the nearest cent as needed.)
Each of the following elements must be included in an insurable risk, except: A Excluded catastrophic perils B Large group with different risks C Calculable chance of loss D Accidental losses
Salon Ownership p 1: Listen What percentage of the total salon expenses generally represents compensation for the salon owner and employees? .1 .75 .50 .25 Question 15 (1 point) Listen Which one of the following items is usually the largest expense in operating a salon? Select one: rent salaries or commissions supplies advertisement
Salon Ownership Which of the following terms refers to all money owed? - net worth - financial status - liabilities - assets Net worth is calculated by subtracting liabilities from which of the following? - charge accounts - loan balances - assets - student loans
A firm produces 400 units of output at a total cost of 1,000. If fixed costs are 200, average fixed cost is 10. average variable cost is 2. average total cost is 5. average total cost is 4.
The following are the estimated monthly sales and desired ending finished goods inventories for Blushing Company for the fourth quarter ending December 31, as well as the month immediately before and after: September: 30,000 units, 8,000 units October: 40,000 units, 20% of next month's sales November: 50,000 units, 20% of next month's sales December: 60,000 units, 20% of next month's sales January: 20,000 units, 10% of next month's sales The unit selling price is 25. Materials cost per unit is 5. Direct labor required per unit is 0.1 hour. The direct labor rate is 20. The multiperiod direct labor cost budget for the fourth quarter should show the total direct labor cost for the quarter to be a. 355,000 b. 375,000 c. 3,650,000 d. 365,000
Banks create money by making loans and creating deposits, a process that is limited by the size of banks' excess reserves.
15 points Accounts Trial Balance November 1 Cash 2,300 Credits Accounts Receivable Supplies 510 Equipment 610 8,500 Accounts Payable 8,500 Notes Payable 1,550 3,100 Common Stock - 6,100 Retained Earnings 1,170 Totals 11,920 11,920 The following transactions occur in November. November 1 Issue common stock in exchange for 12,100 cash. November 2 Purchase equipment with a long-term note for 2,600 from Spartan Corporation. November 4 Purchase supplies for 1,000 on account. November 10 Provide services to customers on account for 8,100. November 15 Pay creditors on account, 1,100. November 20 Pay employees 2,100 for the first half of the month. November 22 Provide services to customers for 10,100 cash. November 24 Pay 1,040 on the note from Spartan Corporation. November 26 collect 6,100 on account from customers. November 28 Pay 1,100 to the local utility company for November gas and electricity. November 30 Pay 4,100 rent for November.
An initial investment amount P, an annual interest rate r, and a time t are given. Find the future the doubling time T for the given interest rate. P= 450, r=2.35%, t=12 yr
Margot, a prospective investor, wants to know how much cash Ziegler Inc. has on December 31. Margot can find the information in Ziegler's: (Select all that apply.) balance sheet statement of cash flows
A fence is to be built to enclose a rectangular area of 1800 square feet. The fence along three sides is to be made of material that costs 3 per foot. The material for the fourth side costs 9 per foot. Find the dimensions of the rectangle that will allow for the most economical fence to be built. The short side is ft and the long side is ft.
When inventory costs are rising, an advantage for companies using LIFO is
Objectives regarding are generally stated in terms of percentage of sales increase and market share, with the goal of increasing those figures.
Suppose Santiago wants to buy a car. The dealer offers a financing package consisting of a 6% APR compounded monthly for a term of 7 years. Suppose Santiago wants his monthly payments to be at most 330. What is the maximum amount that he should finance? How much interest will he pay on the loan? a) The maximum amount Santiago should finance is . (Do not round until the final answer. Then round to the nearest dollar as needed.) b) The total paid for the car under these terms would be 27,720, including in total interest, (Use the answer from part a to answer part b. Write whole dollar answers.)
On September 7, the billing date, Verna had a balance due of 566.35 on her credit card. Assume that the interest rate is 1.1% per month. Suppose that Verna's bank uses the average daily balance method. Answer parts (a) through (d). Sept. 10 Payment 260.00 Sept. 23 Charge: Airline ticket 332.00 Sept. 24 Charge: Hotel bill 192.02 Oct. 1 Charge: Clothing 84.76 a) Determine Verna's average daily balance for the billing period from September 7 to October 7. The average daily balance for the billing period was . (Round to the nearest cent as needed.)
A credit card company determines a card holder's minimum monthly payment by adding all new interest to 1.5% of the outstanding principal. The credit card company charges an interest rate of 0.05545% per day. On November 10, a customer used his credit card to pay for the following business expenses: van repairs (996), equipment maintenance (487), office supplies (72), and dinner with clients (155). Use the given information and the rule that minimum payments are rounded up to the nearest dollar to answer parts a and b below. a. Assuming the card holder had no new interest, determine his minimum payment due on December 1, his billing date. The card holder's minimum payment due on December 1 is square.
Determine the effective annual yield for 1 invested for 1 year at 5% compounded quarterly. The effective annual yield is % (Round to the nearest hundredth.)
Calculate the commission that a sales person would earn if they received 4% commission on a car they sell for 36,000. Commission Amount = [?]
Multiple Cholce Questlon Refer to Table 6.3 Which type of manager is responsible for obtaining the money needed for the successful operation of the organization? Financial managers Administrative managers Marketing managers Production and operations managers
After a series discount of 10 / 11, a GPS had a net cost of 180.84. What is the list price? The list price of the GPS is 198.92.
Consumer Banker Association released a report showing the lengths of automobile leases for new automobiles. The results are as follows. Lease Length in Months Percent of Leases 13-24 13.3 % 25-36 34.9 % 37-48 31.0 % 49-60 20.2 % More than 60 0.6 % (a) Use the midpoint of each class, and call the midpoint of the last class 66.5 months, for purposes of computing the expected lease term. Also find the standard deviation of the distribution. (Round your answers to two decimal places.) expected lease term months standard deviation (b) Sketch a graph of the probability distribution for the duration of new auto leases.
Multiple Choice 5 points The written agreement that contains the specific details related to a bond issue is called the bond: registration statement. indenture. document. debenture. issue paper. Next
Suppose that a per-unit subsidy of 4 is imposed in this market. The total surplus of the oats market, after the subsidy, is equal to
The records of a casualty insurance company show that, in the past, its clients have had a mean of 1.9 auto accidents per day with a variance of 0.0016. The actuaries of the company claim that the variance of the number of accidents per day is no longer equal to 0.0016. Suppose that we want to carry out a hypothesis test to see if there is support for the actuaries' claim. State the null hypothesis (H0) and the alternative hypothesis (H1) that we would use for this test. (H0: square) (H1: square)
The price-demand function for the sale of yo-yos is: p=5-0.01x where p is the price of a yo-yo in dollars, and x is the demand for yo-yos at a price of p dollars. a. R'(280)= b. What are the correct units for R'(280)? Select an answer
Find the future value for the annuity due with the given rate. Payments of 14,000 for 13 years at 0.21% compounded monthly The future value of the annuity due is
7. In a perfectly competitive market, when would a firm leave a market in the long run? (a) When price is less than average total cost. (b) When price is above average total cost. (c) When price is less than average variable cost. (d) When price is less than marginal cost. (e) When marginal cost is less than average variable cost. 8. In a perfectly competitive market, when would a firm shut down in the short run? (a) When price is less than average total cost. (b) When price is above average total cost. (c) When price is less than average variable cost. (d) When price is less than marginal cost. (e) When marginal cost is less than average variable cost.
Find the periodic withdrawals PMT for the given annuity account. (Assume end-of-period withdrawals and compounding at the same intervals as withdrawals. Round your answer to the nearest cent.) 200,000 at 2%, paid out quarterly for 19 years PMT =
Find the savings plan balance after 4 years with an APR of 8% and monthly payments of 250. The balance is ... (Do not round until the final answer. Then round to the nearest cent as needed.)
Stocks A and B have a required return of 13%. Stock A has a capital gains yield of 8%. Stock B has a capital gains yield of 9%. Which stock has a higher dividend yield?
The rent on an apartment you like is 1650 per month. The monthly mortgage payment for a house you like would be 2000, of which approximately 1750 would go toward interest. Decide whether your monthly expense would be higher for the apartment or the house in the following cases. Assume you are single and assume the 2021 value of 12,550 for the standard deduction. Complete parts (a) and (b). a. You are in the 24% tax bracket, and besides the mortgage interest deduction, you also have deductible expenses of 4700 for charitable donations and 8700 for state and local taxes. It is cheaper to , with a monthly expense of . (Round to the nearest dollar as needed.)
Multiple Choice Which of the following statements about a noncancellable policy is FALSE? A. So long as the premiums are paid, the policy cannot be changed in anyway B. The premium rate CANNOT be increased over time C. Noncancellable provisions are most commonly found in disability income policies D. The premium rate CAN be increased over time Submit
The table below shows a summary of Martina's credit card statement for the month of May. Transaction types Amount Unpaid balance from April (Beginning balance on May 1) 1303.90 Payments made during the month of May 492.03 Purchases made during the month of May 288.15 Complete the parts below. Write your answer to the nearest cent. Answer Submitted: (a) Suppose the credit card company charges 1.6% monthly interest on the unpaid balance from April. How much interest will this be? 20.86 (b) What will Martina's unpaid balance be on her June 1 statement? (Assume that this balance will include the interest from part (a), but will not include any interest on her May balance yet.) 309.01
You buy a coffee maker at Best Buy. You are offered a warranty for 1 year that costs 15. If the coffee maker stops working within the warranty period, Best Buy will replace it. The cost of replacing the coffee maker is 80. The probability of product failure during the warranty period is 10%. Write the probability distribution table from the perspective of Best Buy.
The lengths of lumber a machine cuts are normally distributed with a mean of 86 inches and a standard deviation of 0.4 inch. (a) What is the probability that a randomly selected board cut by the machine has a length greater than 86.14 inches? (b) A sample of 40 boards is randomly selected. What is the probability that their mean length is greater than 86.14 inches? (a) The probability is (Round to four decimal places as needed.) (b) The probability is (Round to four decimal places as needed.)
Complete the following: Note: Do not round intermediate calculations. Round your answers to the nearest cent. Selling price Down payment Amount mortgage Rate Years Monthly payment First Payment Broken Down Into: Interest Principal Balance at end of month --- --- --- --- --- --- --- --- --- S 149,000 30,000 7.50% 30
A certain drug is used to treat asthma. In a clinical trial of the drug, 29 of 283 treated subjects experienced headaches (based on data from the manufacturer). The accompanying calculator display shows results from a test of the claim that less than 11% of treated subjects experienced headaches. Use the normal distribution as an approximation to the binomial distribution and assume a 0.01 significance level to complete parts (a) through (e) below. C. H0: p=0.11 D. H0: p ≠ 0.11 Decide whether to reject the null hypothesis. Choose the correct answer below. A. Reject the null hypothesis because the P-value is greater than the significance level, α. B. Fail to reject the null hypothesis because the P-value is less than or equal to the significance level, α. C. Fail to reject the null hypothesis because the P-value is greater than the significance level, α. D. Reject the null hypothesis because the P-value is less than or equal to the significance level, α. e. What is the final conclusion? A. There is sufficient evidence to support the claim that less than 11% of treated subjects experienced headaches. B. There is not sufficient evidence to support the claim that less than 11% of treated subjects experienced headaches. C. There is not sufficient evidence to warrant rejection of the claim that less than 11% of treated subjects experienced headaches. D. There is sufficient evidence to warrant rejection of the claim that less than 11% of treated subjects experienced headaches.
A data set includes 106 body temperatures of healthy adult humans having a mean of 98.7°F and a standard deviation of 0.66°F. Construct a 99% confidence interval estimate of the mean body temperature of all healthy humans. What does the sample suggest about the use of 98.6°F as the mean body temperature? What is the confidence interval estimate of the population mean μ ? °F<μ< °F (Round to three decimal places as needed.)
Assume that all interest is simple interest. A local miniature golf course owner must recarpet his fairways and replace the golf clubs his customers use. A bank will lend the owner the necessary 9000 at 9% interest over 108 months. A savings and loan company will lend the owner 9000 at 10% interest for 96 months. Which loan will be less expensive for the golf owner to assume? The total interest paid for the bank loan is 7. The total interest paid for the savings and loan company is 7. The loan from the bank is (Choose one) expensive than the loan from the savings and loan company. more less
To deposit a check using a mobile banking app, you have to upload pictures of your signed check.
The total interest that would be paid on the 35-year loan with a 23% down payment is .
Fill in each blank so that the resulting statement is true. The average daily balance for a credit card's billing period is divided by the . number of days in the billing period annual interest rate sum of the unpaid balances for each day in the billing period number of days in a year
MAT130 Worksheet 3.4 Name: Morgan Bork 1. Pick a program from the JC Estimated Cost by Program website:https://www.iccmi.edu/financial-aid/estimated-cost-by. program / state the program and the cost of the program. Program: Cost: 2. Calculate the interest that will accrue while you are in school. (Assume you complete your INTEREST RATES Loan Type First Disbursement Date Fixed Interest Rate Direct Subsidized Unsubsidized 07 / 01 / 23-06 / 30 / 24 5.50 % Direct PLUS 07 / 01 / 23-06 / 30 / 24 8.05 % Direct Subsidized Unsubsidized 07 / 01 / 22-06 / 30 / 23 4.99 % Direct PLUS 07 / 01 / 22-06 / 30 / 23 7.54 %
Determine the approximate monthly cost of spending 3.74 on coffee at least 5 times a week.
Complete the trend analysis for sales for year 3 : Note: Round to the nearest tenth percent. Year 4 Year 3 Year 2 Year 1 (Base year) 782,143 655,211 605,000 646,133 Multiple Choice 101.4% 109.3%
Kansas Enterprises purchased equipment for 60,000 on January 1,2024. The equipment is expected to have a five-year service life, with a residual value of 5,000 at the end of five years. Using the straight-line method, depreciation expense for 2024 would be: Multiple Choice 12,000 11,000 60,000 None of these
(a) Find the P - value for the test statistic z=-1.41 for the following null and alternative hypotheses: H0: The population mean is 50. Ha: The population mean is less than 50. The P - value is
The price of a condominium is 125,000. The bank requires a 5% down payment and one point at the time of closing. The cost of the condominium is financed with a 30-year fixed-rate mortgage at 10%. Use the following formula to determine the regular payment amount. Complete parts (a) through (e) below. PMT = P(r/n) / [1 - (1 + r/n)^(-nt)] a. Find the required down payment. 6250 b. Find the amount of the mortgage. 118,750 c. How much must be paid for the one point at closing? (Round to the nearest dollar as needed.)
A bus token costs 1.75. a. You spend 15.75 on tokens. Write and solve an equation to find how many tokens you purchase. 15.75 / 1.75 = T = 9 b. If you purchase 10 tokens, you get 2 free tokens. Write and solve an equation to find the approximate reduced price of each token when c. You also receive free tokens if you purchase 20 tokens. The reduced price for each token is 1.40. Write and solve an equation to find how many free tokens you receive when purchasing this special.
Colan invests 7300 in two different accounts. The first account paid 6%, the second account paid 4% in interest. At the end of the first year he had earned 396 in interest. How much was in each account? at 6% at 4%
This is the interest rate that banks charge on loans to their largest and most secure corporate borrowers. The Fed-Funds Rate The Corporate Rate The Prime Rate The Discount Rate
Krell Industries has a share price of 21.14 today. If Krell is expected to pay a dividend of 0.72 this year and its stock price is expected to grow to 24.07 at the end of the year, what is Krell's dividend yield and equity cost of capital? The dividend yield is %. (Round to two decimal places.)
Suppose that a country's annual growth rates over a 10-year period were as follows: Year Growth Rate 1 58 2 3 3 4 4 -1 5 -2 6 3 7 4 8 5 9 6 10 2 Instructions: In part a, round your answer to 1 decimal place. In parts b-c, enter your answers as a whole number. a. What was the country's trend rate of growth over this period? percent b. Which set of years most clearly demonstrates an expansionary phase of the business cycle? Years through c. Which set of years best illustrates a recesșionary phase of the business cycle? Years through
Daimler Inc. sells a product for 75 per unit. The variable cost is 50 per unit, while fixed costs are 5,400,000. Determine (a) the break-even point in sales units and (b) the break-even point if the selling price were increased to 80 per unit a. Break-even point in sales units units b. Break-even point if the selling price were increased to 80 per unit units
FunTime Cruiseline offers nightly dinner cruises departing from several cities on the East Coast of the United States including Charleston, Baltimore, and Alexandria. Dinner cruise tickets sell for 50 per passenger. FunTime Cruiseline's variable cost of providing the dinner is 30 per passenger, and the fixed cost of operating the vessels (depreciation, salaries, docking fees, and other expenses) is 210,000 per month. Under these conditions, the breakeven point in tickets is 10,500 and the breakeven point in sales dollars is 525,000. Suppose FunTime Cruiseline embarks on a cost reduction drive and slashes fixed expenses from 210,000 per month to 150,000 per month. Compute the new breakeven point in units and in sales dollars. Begin with the breakeven point units. Enter the formula, then compute the breakeven point. (For amounts with a 0 balance, make sure to enter "0" in the appropriate input field) Now compute the breakeven point in sales dollars. Enter the formula, then compute the breakeven point. (Enter the contribution margin ratio as a whole percent. For amounts with a 0 balance, make sure to enter "0" in the appropriate input field)
On October 1, the home mortgage balance was 189,000 for the home owned by Susan Reed. The interest rate for the loan is 7.6 percent. Assuming that Susan makes the October monthly mortgage payment of 1890, calculate the following: (a) The amount of interest included in the October payment (round your answer to the nearest cent). (b) The amount of the monthly mortgage payment that will be used to reduce the principal balance. (c) The new balance after Susan makes this monthly mortgage payment. (a) Interest amount: (b) Principal reduction: (c) New balance:
The number of chocolate chips in an 18-ounce bag of chocolate chip cookies is approximately normally distributed with mean 1252 and standard deviation 129 chips. What is the percentile rank of a bag that contains 1450 chocolate chips? A bag that contains 1450 chocolate chips is in the th percentile. (Round to the nearest integer as needed.)
FunTime Cruiseline offers nightly dinner cruises departing from several cities on the East Coast of the United States including Charleston, Baltimore, and Alexandria. Dinner cruise tickets sell for 50 per passenger. FunTime Cruiseline's variable cost of providing the dinner is 30 per passenger, and the fixed cost of operating the vessels (depreciation, salaries, docking fees, and other expenses) is 210,000 per month. Under these conditions, the breakeven point in tickets is 10,500 and the breakeven point in sales dollars is 525,000. 1. Suppose FunTime Cruiseline cuts its dinner cruise ticket price from 50 to 45 to increase the number of passengers. Compute the new breakeven point in units and in sales dollars. Explain how changes in sales price generally affect the breakeven point. 2. Assume that FunTime Cruiseline does not cut the price. FunTime Cruiseline could reduce its variable costs by no longer serving an appetizer before dinner. Suppose this operating change reduces the variable expense from 30 to 20 per passenger. Compute the new breakeven point in units and in dollars. Explain how changes in variable costs generally affect the breakeven point. All else being constant, a decrease in sales price will decrease the contribution margin per unit and contribution margin ratio. The breakeven point will therefore increase. Assume that FunTime Cruiseline does not cut the price. FunTime Cruiseline could reduce its variable costs by no longer serving an appetizer before dinner. Suppose this operating change reduces the variable expense from 30 to 20 per passenger. Compute the new breakeven point in units and in dollars. Explain how changes in variable costs generally affect the breakeven point.
The quality of receivables refers to the likelihood of collection without loss. True or False
Insurance: An insurance company sells a 1-year term life insurance policy to an 84 -year-old man. The man pays a premium of 2500. If he dies within 1 year, the company will pay 36,000 to his beneficiary. According to the U.S. Centers for Disease Control and Prevention, the probability that an 84 -year-old man will be alive 1 year later is 0.9318 . Let x be the profit made by the insurance company. (a) Find the probability distribution. The probability distribution is x, P(x), 2500
Write the value of the expression. -5.364 /-0.06
Suppose your VISA card calculates interest using the average daily balance method, and the monthly interest rate is 2.95 %. The itemized billing for the month of April is shown below. Detail Date Amount --------- Unpaid balance April 1 845 Charge April 3 455 Charge April 11 1055 Charge April 15 815 Payment received April 28 125 Last day of billing period April 30 Payment due date May 7 (a) Find the average daily balance. (b) Find the interest due for this month. (c) Find the total balance owed on the last day of the billing period. (d) This credit card requires a 20 minimum payment or 1/36 of the amount due, whichever is higher. What is the minimum monthly payment due for this month?
The cost function for a product is C(q)=q^3-54q^2+972q+1180 for 0 ≤ q ≤ 50 and a price per unit of 526. Round your answers to the nearest whole number. a) What production level maximizes profit? q= b) What is the total cost at this production level? cost = c) What is the total revenue at this production level? revenue = d) What is the total profit at this production level? profit =
Question 16 Mark this question Which of the following was created by the government to police financial reporting and to prevent instances of fraud and misconduct? Internal Control Accounting System Accounting Cycle Sarbanes-Oxley Act
Identify the correct definition of internal rate of return: The internal rate of return is the: Multiple Choice discount rate that causes a project's aftertax income to equal zero. discount rate that results in a zero net present value for the project. discount rate that results in a net present value equal to the project's initial cost. rate of return required by the project's investors. project's current market rate of return.
Based on the information below create a multiple step income statement for the year ended December 31, 2024 Sales Revenue 2,000 Sales Discount 10,000 Sales Returns and Allowances 130,000 Cost of goods Sold 25,500 Selling Expenses 15,400 General and Administrative Expenses 3,000 Income tax rate is 21%
Exercise 3-19 (Static) Computing and interpreting profit margin LO A1 Use the following information to compute profit margin for each separate company a through e. Note: Round your answers to 1 decimal place. Company Net Income Net Sales Profit Margin (%) a. 4,361 44,500 b. 97,706 398,800 c. 111,281 257,000 d. 65,646 1,458,800 e. 80,132 435,500 Which of the five companies is the most profitable according to the profit margin ratio? Company a Company b Company c Company d Company e
Use PMT = (P(r/n))/(1-(1+(r/n))^(-nt)) to determine the regular payment amount, rounded. The price of a small cabin is 65,000. The bank requires a 5% down payment. The buyer is offered a choice between a 20-year fixed at 8.5% or a 30-year fixed at 8.5%. Calculate the amount of interest paid for each option. How much does the buyer save in interest with the 20-year option? Find the monthly payment for the 20-year option. (Round to the nearest dollar as needed.)
As one of the loan officers for Grove Gate Bank, calculate the monthly principal and interest, PI (in ), using this table and the monthly PITI (in ) for the mortgage. (Round dollars to the nearest cent.) Amount Financed Interest Rate Term of Loan (years) Monthly PI Annual Property Tax Annual Insurance Monthly PITI --- --- --- --- --- --- --- 280,000 3.50% 25 6,573 2,156
On January 1, 2024, Staub, Inc. decides to invest in 11,200 shares of Palomino stock when the stock is selling for 19 per share. On August 1, 2024, Palomino paid a 0.80 per share cash dividend to stockholders. On December 31, 2024, Palomino reports net income of 70,000 for 2024. Assume Palomino has 28,000 shares of voting stock outstanding during 2024 and Staub has significant influence over Palomino. Requirements 1. Identify what type of investment the Palomino stock is for Staub. 2. Journalize the transactions related to Staub's investment in the Palomino stock during 2024. 3. In what category and at what value would Staub's report the investment on the December 31, 2024, balance sheet?
Douglas Boats is a supplier of boating equipment for the states of Oregon and Washington. It sells 5,000 White Marine WM-4 diesel engines every year. These engines are shipped to Douglas in a shipping container of 100 cubic feet, and Douglas Boats keeps the warehouse full of these WM-4 engines. The warehouse can hold 5,000 cubic feet of boating supplies. Douglas estimates that the ordering cost is 10 per order, and the carrying cost is estimated to be 10 per engine per year. Douglas Boats is considering the possibility of expanding the warehouse for the WM-4 engines. Assume demand is constant throughout the year.
Determine whether the statement is true or false. If the statement is false, make the necessary change(s) to produce a true statement. Interest is the amount of money we get paid for borrowing money or that we pay for investing money. Choose the correct answer below. A. The statement is true. B. The statement is false. Interest is the amount of money we pay for borrowing money or that we pay for investing money. C. The statement is false. Interest is the amount of money we pay for borrowing money or that we get paid for investing money. D. The statement is false. Interest is the amount of money we get paid for borrowing money or that we get paid for investing money.
If n=32, x̅=42, and s=5, find the margin of error E at a 99% confidence level. Give your answer to two decimal places.
Use the future value formula to find the indicated value. FV = 3816; n = 29; i = 0.06; PMT = ? PMT = (Round to the nearest cent.)
Multiple Choice Question Aggregate demand is: horizontal. downward sloping. upward sloping. vertical.
Multiple Choice Question One identical unit is purchased on each of the following three dates and at the respective costs: June 1 at 10, June 2 at 15, and July 4 at 20. The company sells two units during this period. Conclude which inventory items are sold first and which unit remains in ending inventory if the company is using the FIFO cost flow assumption. O The June 2 at 15 and the July 4 at 20 are both sold; the June 1 at 10 remains in ending inventory. O The June 1 at 10 and the June 2 at 15 are both sold; the July 4 unit remains in ending inventory. O The June 1 at 10 is sold; the June 2 at 15 and the July 4 at 20 remain in ending inventory. O Need help? Review these concept resources. Rate your confidence to submit your answer: High Medium Low
Find the revenue and demand functions for the given marginal revenue. (Use the fact that R=0 when x=0.) dR/dx=390-18x revenue function R= demand function p=
Plant assets are defined as: Multiple Choice Tangible assets used in a company's operations that have a useful life of more than one accounting period. Current assets. Assets that are physically consumed when used. Intangible assets used in the operations of a business that have a useful life of more than one accounting period Tangible assets used in the operation of business that have a useful life of less than one accounting period.
Question 7 1 pts ABC Co has equipment that was purchased in 2023 costing 30,000. The equipment has no salvage value and a 100,000 mile useful life. ABC uses the units of production method of depreciation. What is the depreciation expense per mile? Question 8 1 pts ABC Co purchased a vehicle in 2023 costing 80,000. The equipment has no salvage value and a 200,000 mile useful life. ABC uses the units of production method of depreciation. In the first month of operation the vehicle is driven 2,500 miles. What is the depreciation expense for the month? Question 9 1 pts
Which of the following statements is true when you invest in a federally insured bank account? Even though there is federal insurance in place, you still face inflation risk. Given the federal inșurance, you are taking no risk. Although there is federal insurance, you are faced with liquidity risk. Given the federal insurance, you are taking significant business risk.
Private Mortgage Insurance is required by mortgage lenders on certain loans and the cost of this premium is then passed on to the borrower. If you are purchasing a residential property for your primary residence, how much do you generally need as a down payment to avoid being subject to the unnecessary expense of PMI? 20% 0% 5% 50%
What does the acronym APR stand for? Annual Percentage Rate Average Principal Return Average Percentage Rate Annual Personal Retirement
In 2009, during the height of the U.S. financial crisis, real GDP fell 3.5 percent and the Consumer Price Index fell from 215.3 to 214.9. Was this recession likely caused by a shift in aggregate demand or aggregate supply? This recession was likely caused by (Click to select) v.
A company has a beginning inventory of 60,000 and purchases during the year of 16 consisted of 2,000 units and 8,000 units were purchased during the year. 4,080 units cost of the ending inventory using the average-cost method will be: 130,240 220,000 89,760 309,760
A philanthropic organisation sent free mailing labels and greeting cards to a random sample of 100,000 potential donors on their mailing list and received 4608 donations. (a) Give a 95% confidence interval for the true proportion of those from their entire mailing list who may donate. (b) A staff member thinks that the true rate is 4.7%. Given the confidence interval you found, do you find that rate plausible?
Company X tried selling widgets at various prices to see how much profit they would make. The following table shows the widget selling price, x, and the total profit earned at that price, y. Write a quadratic regression equation for this set of data, rounding all coefficients to the nearest tenth. Using this equation, find the profit, to the nearest dollar, for a selling price of 5.25 dollars. Price (x) Profit (y) 6.00 5440 7.00 6582 8.75 7876 11.50 8349 13.75 7111 14.75 5886
5. The market is currently at equilibrium. If a binding price ceiling of P1 is imposed, by how much would the quantity demanded change? a. It would increase by 12,000 units. b. It would increase by 30,500 units. c. It would decrease by 30,500 units. d. It would increase by 30,000 units. e. It would decrease by 12,000 units. 6. The market is currently at equilibrium. If a binding price ceiling of P1 is imposed, by how much would the quantity supplied change? a. It would increase by 32,000 units. b. It would decrease by 30,000 units. c. It would decrease by 18,000 units. d. It would decrease by 32,000 units. e. It would decrease by 30,500 units.
Problem 7-23 Bond Ratings and Prices (LG7-7) 6.25 points A corporate bond with a coupon rate of 6.9 percent has 15 years left to maturity. It has had a credit rating of BBB and a yield to maturity of 7.6 percent. The firm has recently gotten into some trouble and the rating agency is downgrading the bonds to BB. The new appropriate discount rate will be 8.9 percent. (Assume interest payments are semiannual.) What will be the change in the bond's price in dollars? What will be the change in the percentage? Note: Negative answer should be indicated by a minus sign. Do not round intermediate calculations. Round your final answer to 2 decimal places. Change in bond price Change in bond percent %
The following contingency table compares student's ability in math to their interest in studying finance from a random sample of students at a particular business school. Ability in Math Low Average High ------------------------------------- Interest in Finance Low 60 33 12 Average 37 29 80 High 26 58 18 What percentage of students with a high interest in finance have an average ability in math? Give your answer as a percentage to one decimal place but without the % symbol.
The annual coupon rate is 17 percent, and the face value of the bond is 1,000
Guest English - Question 49 of 90 What happens to the face amount of a whole life policy if the insured reaches the age of 100 ? A. It is paid to the beneficiary in full. B. It is paid to the insured's estate and the policy is terminated. C. The face amount is paid to the insured. D. The cash value and the face amount are paid to the insured. Next Question -
Home Ownership and Equity Protection Act Equal Credit Opportunity Act Right to Financial Privacy Act Gramm-Leach Bliley Act requires banks to explain what information is shared with other businesses prohibits creditors from discriminating among consumers based on factors like age and marital status requires the federal government to obtain a court order to access customer financial information
Question 7 The probability of rejecting the null hypothesis when, in fact, the null hypothesis is true is called the standard error p-value power of the test significance level Question 8 What is the statistic that compares the observed proportion to the expected proportion? the one-proportion t-test statistic the one-proportion z-test statistic the standard error
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 % and the percentage paid for interest is %. (Round to the nearest tenth as needed.)
Wisconsin Dairy Farms wants to grow revenue and feels the best way to do this is by purchasing a business that is not in the dairy industry. After a lengthy analysis, it purchases Hydro Generator Corp. which supplies energy along the Pacific coast. What type of strategy is the company using? unrelated diversification related diversification vertical integration parallel integration
Journalize the following sales transactions for Ashli Boats. Explanations are not required. Mar. 1 Ashli Boats sold 250,000 of boats on account, credit terms are 4 / 15, n / 30 to Wild River Unlimited. Cost of goods is 100,000. Mar. 12 Ashli Boats receives payment from Wild River Unlimited on the amount due, less the discount. (Record debits first, then credits. Exclude explanations from journal entries. Assume the company uses a perpetual inventory system and records sales at the gross amount.)
Calculate: Approximately how long will it take to double your money if the APY is 6.50%?
To go on a summer trip, Deshaun borrows 200. He makes no payments until the end of 5 years, when he pays off the entire loan. The lender charges simple interest at an annual rate of 6%. Answer the following questions. If necessary, refer to the list of financial formulas. (a) How much total interest will Deshaun have to pay? I (b) What will the total repayment amount be (including interest)?
In some 4.0 grading systems, a student's grade point average (GPA) is calculated by assigning letter grades the following numerical values. A=4.00, B-=2.67, D+=1.33, A-=3.67, C+=2.33, D=1.00, B+=3.33, C=2.00, D-=0.067, B=3.00, C-=1.67, F=0.00 Use this grading system to find this student's GPA. Round to the nearest hundredth. Tessa's cumulative GPA for 3 semesters was 3.18 for 46 course units. Tessa's fourth semester GPA was 3.74 for 12 course units. What is Tessa's cumulative GPA for all 4 semesters?