Finance Homework Questions & Answers Archive

A furniture manufacturer is selling its barstools at a price of 60. The demand function for the barstools is x=D(p)=270-2.5 p, where p is the price of a barstool in dollars and x is in hundred items. (a) For the demand function for the barstools is x=D(p)=270-2.5 p, the elasticity is E(p)=

Geo Co. purchased a building for 400,000. In addition, Geo paid 35,000 for taxes and lawyer fees. Geo also paid 60,000 to modify the building, changing the layout specifically for Geo's needs. Geo should record the building at

The subject of this video, Martin Shkreli, was once the CEO of Retrophin, a biotechnology firm. Shkreli received a huge amount of negative press for increasing that company's drug prices by as much as 2,000% percent. Despite the controversy, it can be argued that this price hike benefited a shareholders b all stakeholders c doctors d patients

Suppose that the lifetimes of tires of a certain brand are normally distributed with a mean of 75,000 miles and a standard deviation of o miles. These tires come with a 60,000-mile warranty. The manufacturer of the tires can adjust σ during the production process, but the adjustment of σ is quite costly. The manufacturer wants to set σ once and for all so that only 2% of the tires will fail before the warranty expires. Find the standard deviation to be set. Carry your intermediate computations to at least four decimal places. Round your answer to at least one decimal place.

Budgeted variable cost per unit (both manufacturing and non-manufacturing) is contained in the flexible-budget sheet bill of materials standard cost sheet production cost report

Which of the following inventory cost flow methods is appropriate for a business whose inventory consists of a relatively small number of unique, high-cost items? 1. wighited average cost b. FIFO c LIFO d specficidentification

On the basis of the following data, determine the value of the inventory at the lower of cost or market. Apply lower of cost or market to each inventory item.

At the time of her grandson's birth, a grandmother deposits 7000 in an account that pays 6.5% compounded monthly. What will be the value of the account at the child's twenty-first birthday, assuming that no other deposits or withdrawals are made during this period? The value of the account will be (Round to the nearest dollar as needed.)

Suppose that you are thinking about buying a car and have narrowed down your choices to two options. The new-car option: The new car cost 29,000 and can be financed with a three-year loan at 7.84%. The used-car option: A three-year old model of the same car costs 14,000 and can be financed with a four-year loan at 5.43%. The difference in monthly payments between financing the new car and financing the used car is . (round to the nearest cent as needed.)

Annual income: The mean annual income for people in a certain city (in thousands of dollars) is 41, with a standard deviation of 35. A pollster draws a sample of 91 people to interview. Part 1 of 5 (a) What is the probability that the sample mean income is less than 37? Round the answer to at least four decimal places. The probability that the sample mean income is less than 37 is . Part 2 of 5 (b) What is the probability that the sample mean income is between 40 and 45? Round the answer to at least four decimal places. The probability that the sample mean income is between 40 and 45 is

The finishing time for cyclists in a race are normally distributed with a population standard deviation of 11 minutes and an unknown population mean. If a random sample of 22 cyclists is taken and results in a sample mean of 135 minutes, use Excel to find a 98 % confidence interval for the population mean. Round your final answer to two decimal places.

Mr. Quijano decided to sell their farm and to deposit the fund in a bank. After computing the interest, they learned that they may withdraw Php480,000.00 yearly for 8 years starting at the end of 6 years when it is time for him to retire. How much is the fund deposited if the interest rate is 5% converted annually?

Suppose you invest 180 a month for 4 years into an account earning 9% compounded monthly. After 4 years, you leave the money, without making additional deposits, in the account for another 26 years. How much will you have in the end?

Davis Company began manufacturing operations on January 2, 20X1. During 20X1 Davis reported pre-tax book income of 85,000 and had taxable income of 75,000. Davis had a temporary difference relating to a prepaid asset which will be expensed as follows for book purposes: 20 times 2 7,500 20 times 3 2,500 The enacted tax rates are 21% for 20 times 1 and 20 times 2; and 25% for subsequent years. If Davis paid no estimated taxes, income tax payable at the end of 20X1 is: Multiple Choice 19,250. 25,200. 15,570. 21,000.

In Canada in 2014, the currency drain ratio was 11 percent of deposits and the reserve ratio was 0.03 percent of deposits. Calculate the Canadian money multiplier. The Canadian money multiplier was

Blume Corporation leases equipment for a ten-month period. The entire related lease payment is due at the end of the ten-month period. The journal entry to recognize the monthly accrual related to the lease will include a debit to: Multiple Choice accrued lease expense. leased equipment. short-term lease expense. interest expense.

What are the costs of buying health insurance? a) Insurance provides protection from financial loss, that is, you will have to pay less if you become pick or injured. b) Insurance companies collect a relatively small amount of money (premiums) from a large group of policy holders. These premiums are used to create a pool of funds to compensate policy holders who experience loss. c) There are no costs to buying health insurance. This type of insurance only comes with benefits to the policyholders. d) The annual premiums plus the opportunity costs, the lost opportunities to spend the money on other goods and services or the lost opportunity to invest the money and earn interest.

An insurance company checks police records on 553 accidents selected at random and notes that teenagers were at the wheel in 96 of them. Complete parts a) through d). a) Construct the 95% confidence interval for the percentage of all auto accidents that involve teenage drivers. 95% CI=(%, %) (Round to one decimal place as needed.)

A food safety guideline is that the mercury in fish should be below 1 part per million (ppm). Listed below are the amounts of mercury (ppm) found in tuna sushi sampled at different stores in a major city. Construct a 98% confidence interval estimate of the mean amount of mercury in the population. Does it appear that there is too much mercury in tuna sushi? 0.54, 0.78, 0.11, 0.97, 1.35, 0.51, 0.80 What is the confidence interval estimate of the population mean μ ? ppm < μ < ppm (Round to three decimal places as needed.)

Suppose 500 is invested at 6% annual interest compounded twice a year. When will the investment be worth 1000?

Use the following information about Wal-Mart stock. 52 weeks HI LO STOCK DIV YLD% P/E (1000 s) CLOSE CHG 50.26 44.72 WMT 0.21 1.7 19 9780 46.69 -0.12 Find the annual earnings per share. Round your answer to the nearest cent, if necessary. The annual earnings per share is .

BP has a bond outstanding with 15 years to maturity, a 1,000 par value, a coupon rate of 6.6%, with coupons paid semiannually, and a price of 90.31 (percent of par). What is BP's pre-tax cost of debt?

HW10: Problem 4 (10 points) Starting salaries of 64 college graduates who have taken a statistics course have a mean of 42,500 with a standard deviation of 6,800. Find an 90% confidence interval for μ. (NOTE: Do not use commas or dollar signs in your answers. Round each bound to three decimal places.) Lower-bound: Upper-bound: Note: You can earn partial credit on this problem.

Which of the following statements is false regarding the business valuation process? Multiple Choice Firms that earn less than the cost of equity capital produce negative abnormal earnings and generally have a share price below book value. Income or loss from discontinued operations is considered a transitory component of a firm's earnings. Forecasting future cash flows requires calculations using factors from future value tables. A component of earnings that is unrelated to future free cash flows or future earnings and is not pertinent to assessing current share price is considered a noise component.

The characterization of a gain or loss on a short sale of stock as long or short term is determined by: Select one A. The holding period of the asset used to close the position. B. The longer of the holding period of the asset used to close the position or the holding period of the short position. C. The shorter of the holding period of the asset used to close the position or the holding period of the short position. D. The holding period of the short position.

Question 27 of 100 Before he died, an annuitant had received 12,500 in monthly benefits from his 25,000 straight life annuity. He was also the insured under a 50,000 paid-up whole life policy that named his wife as primary beneficiary. Considering both contracts, how much will the annuitant's spouse receive in benefits? A. 62,500 B. 75,000 C. 50,000 D. Nothing

Suppose that you borrow 11,000 for three years at 6% toward the purchase of a car. Use PMT = P(r/n) / [1-(1+r/n)^(-nt)] to find the monthly payments and the total interest for the loan. The monthly payment is (Do not round until the final answer. Then round to the nearest cent as needed.) The total interest for the loan is (Use the answer from part (a) to find this answer. Round to the nearest cent as needed.)

The output of an economic system Q, subject to two inputs, such as labor L and capital K, is often modeled by the Cobb-Douglas production function Q=c L^a K^b. When a+b=1, the case is called constant returns to scale. Suppose Q=1451, a=8/9, b=1/9, and c=72. Complete parts (a) and (b). a. Find the rate of change of capital with respect to labor, dK/dL. First substitute the given values of Q, a, b, and c into the production function.

Assume the risk-free rate is 2.5%. What are the Sharpe ratios for Stocks A and B? Do not round intermediate calculations. Round your answers to decimal places. Stock A: Stock B: Are these calculations consistent with the information obtained from the coefficient of variation calculations in Part b? I. In a stand-alone risk sense A is less risky than B. If Stock B is more highly correlated with the market than A, then it might have the same beta as Stock A, and hence be just as risky in a portfolio sense. II. In a stand-alone risk sense A is less risky than B. If Stock B is less highly correlated with the market than A, then it might have a lower beta than Stock A, and hence be less risky in a portfolio sense. III. In a stand-alone risk sense A is less risky than B. If Stock B is less highly correlated with the market than A, then it might have a higher b than Stock A, and hence be more risky in a portfolio sense. IV. In a stand-alone risk sense A is more risky than B. If Stock B is less highly correlated with the market than A, then it might have a lower beta than Stock A, and hence be less risky in a portfolio sense. V. In a stand-alone risk sense A is more risky than B. If Stock B is less highly correlated with the market than A, then it might have a higher beta than Stock A, and hence be more risky in a portfolio sense.

Using the EOM, ROG, and Extra dating methods, calculate the discount date and the net date for the transaction. Unless otherwise specified, the net date is 20 days after the discount date.

Westco Company issued 17-year bonds one year ago at a coupon rate of 6.3 percent. The bonds make semiannual payments and have a par value of 1,000. If the YTM on these bonds is 5.5 percent, what is the current price of the bond in dollars? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Current bond price

Question 15 of 15 What process do insurance companies use to determine whether or not a particular applicant is insurable? A. Marketing B. Adverse Selection C. Solicitation D. Underwriting

Which of the following is a popular indicator of economic growth? (Select the best answer below.) A. the level of employment B. personal income level C. new home sales D. All of the above.

Suppose that you decide to borrow 16,000 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 4.8% Use PMT = (rl) / [1 - (1 + r/n)^(-nt)] to complete parts (a) through (c) below. b. Find the monthly payments and the total interest for Loan B. The monthly payment for Loan B is 288.29. (Do not round until the final answer. Then round to the nearest cent as needed.) The total interest for Loan B is 1297.40. (Round to the nearest cent as needed.)

Consumption and Saving - End of Chapter Problem Real GDP per person falls during a devastating recession, which in turn causes consumption to fall by 5%. Would giving everyone 5% more income during the recession lead consumption to rise by 5%? Giving everyone 5% extra income would offset the 5% fall in consumption because people will spend of each extra dollar. a fraction all

Suppose that the total fixed cost for a particular competitive firm is 3. The marginal cost for the first unit produced is 8 and decreases by 2 for each of the next two units produced. Thereafter, marginal cost increases by 2 for each additional unit. a. Complete the table below. Note: Round your "Average Variable Cost", "Average Total Cost" answers to 2 decimal places. b. What is the shutdown price? Shutdown price: c. If the market price is 10, what is the firm's profit maximizing output? What is the firm's total profit or loss? Output: Total: (Click to select) :

The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs 2. There is 1 winning ticket out of the 190 tickets sold. The winner gets a prize worth 98. Round your answers to the nearest cent. If the PTO sells all 190 raffle tickets, how much money can they expect to raise for the classroom supplies? 380

Question 50 3 pts Which of the following reveals the relationship of a given security's volatility relative to that of the market? Standard deviation. Beta. Treynor. Covariance.

Problem 1: Textbook problem M6-18 (page 6-39) (Please refer to the textbook - 'Financial Accounting for MBAs" by Easton et al.) Assume 1,600 units are sold, instead of 2,000 given in the book. Also assume that the income tax rate is at 40% flat. Fill the answer below: LO6-1 M6-18. Computing Cost of Goods Sold and Ending Inventory Under FIFO, LIFO, and Average Cost Assume that Madden Company reports the following initial balance and subsequent purchase of inventory. Inventory begins at beginning of year, Inventory purchased during the year. 1,300 units 150 each 1,700 units 180 each 195,000 306,000 Cost of goods available for sale during the year. 3,000 units 501,000 b. LIFO cost of goods sold = Inventory Purchases: Beginning Inventory: 1,300 units at 150 = 195,000 Purchases: 1,700 units at 180 each = 306,000 Total Units Available for Sale: 3,000 units Units Sold: 1,600 units COGS under LIFO: From the last 1,700 units purchased at 180, we sell 1,600 units (all from this layer). Total LIFO COGS = 1,600 units x 180 = 288,000 LIFO ending inventories = After selling 1,600 units, the remaining inventory will consist of 3,000 (total units available) - 1,600 (units sold) = 1,400 remaining inventory After selling all 1,600 units from the recent purchase at 180, there will still be 100 out of the original 1,700 units left at 180. Plus we have the 1,300 units at 150 (all that remain). Total Value of Ending Inventory: (100 units x 180) + (1,300 units x 150) = 18,000 + 195,000 = 213,000. LIFO Ending Inventories = 213,000 Problem 2: Follow-up to Problem 1 (above): Assume in the next year (Year 2), assume that Madden Corp purchases 1,500 units of inventory at a unit price of 170 and sold 2,000 units. For this second year, answer the following questions: a.) LIFO cost of goods sold = b.) LIFO ending inventories =

Savings Account: 2,100 is deposited in a savings account that pays 4% annually. How much interest is earned at the end of 30 days? The account earns after 30 days. Note: Round to the nearest dollar

Assume regular unleaded fuel costs 2.28 per gallon. A Toyota Corolla uses regular unleaded fuel and gets about 38 miles per gallon. Imagine that a driver of the Corolla drives 16,000 miles each year. How much money will the driver of the Corolla spend on gas in one year? Show your work or explain your work.

How much money does an employee working for a salary of 40,000 per year get paid each month? [?] Round to the nearest whole dollar.

Katherine's niece, Susan (5), lived with her for nine months during the year, and her second cousin, Gregory (7), lived with her all year. Katherine (39) provided all of the children's support and is claiming them as dependents. Which is correct? Susan is Katherine's qualifying child for the Child Tax Credit (CTC), and Gregory is her qualifying individual for the Credit for Other Dependents (ODC). Both children are Katherine's qualifying children for the CTC. Niece is not a qualifying relationship for the CTC. Both children are Katherine's qualifying individuals for the ODC.

HW-6.2: Consumer's and Producer's Surplus Score: 2 / 8 Answered: 2 / 8 Question 3 The demand for a particular item is given by the demand function D(x) = 1000 - 3x^2 Find the consumer's surplus if the equilibrium point (xe, pe) = (10,700).

The current revenue for a company is 6 million. The chief officer (CFO) of the company estimates that over the next 5 years, revenues will increase at a continuous rate of between 5% and 6% each year. The function that models the estimated 5% increase is (R5%=6 e^0.05 t) and the function that models the estimated 6% increase is (R6%=6 e^0.06 t). For each model, (t) represents the number of years from now. Approximate the total difference in revenue under the two models. Answer to the nearest dollar.

1. The statement included a debit memo of 65.00 for the printing of additional company checks. 2. Cash sales of 908.15 on May 12 were deposited in the bank. The cash receipts journal entry and the deposit slip were incorrectly made for 958.15. The bank credited Oriole Company for the correct amount. 3. Outstanding checks at May 31 totaled 267.25, and deposits in transit were 1,905.15. 4. On May 18, the company issued check No. 1181 for 686.00 to H. Moses, on account. The check, which cleared the bank in May, was incorrectly journalized and posted by Oriole Company for 668.00. 5. 2,840.00 was collected from a customer's note receivable by the bank for Oriole Company on May 31 through electronic funds transfer. 6. Included with the canceled checks was a check issued by Tomins Company to C. Pernod for 335.00 that was incorrectly charged to Oriole Company by the bank. 7. On May 31, the bank statement showed an NSF charge of 505.00 for a check issued by Sara Ballard, a customer, to Oriole Company on account. Prepare the bank reconciliation at May 31, 2025. (List items that increase balance as per bank books first. Round answers to 2 decimal places, e.g. 5,275.50.)

How long will it take for an investment to triple, if interest is compounded continuously at 6%? It will take years before the investment triples. (Round to the nearest tenth of a year.)

Question 6, 6.4.20 Part 1 of 4 Points: 0.75 of 1 As part of a survey, a marketing representative asks a random sample of 30 business owners how much they would be willing to pay for a website for their company. She finds that the sample standard deviation is 3548. Assume the sample is taken from a normally distributed population. Construct 99% confidence intervals for (a) the population variance σ^2 and (b) the population standard deviation σ. Interpret the results. (a) The confidence interval for the population variance is (Round to the nearest integer as needed.)

Quiz Question 2 of 6 Loule just opened his first savings account. What is one way that it can it help him manage his money? Select a response. It can give him access to a debit card. It can help him spend money more easily. It will keep his money safe. It can loan him money to pay back over time.

The velocity of circulation is growing at 3 percent a year, the real interest rate is 3 percent a year, the nominal GDP grows at 5 percent a year, and the growth rate of nominal GDP is 5 percent a year. Calculate the inflation rate, the growth rate of money, and the growth rate of nominal GDP. The inflation rate is percent a year. The growth rate of money is percent a year. The growth rate of nominal GDP is percent a year.

HW 73 : Sampling Distributions and CLT Question 4 of 5 (1 point) Question Attempt: 1 of Unlimited Elevator ride: Engineers are designing a large elevator that will accommodate 44 people. The maximum weight the elevator can hold safely is 8228 pounds. According to the National Health Statistics Reports, the weights of adult U.S. men have mean 186 pounds and standard deviation 60 pounds, and the weights of adult U.S. women have mean 157 pounds and standard deviation 69 pounds. Use the TI-84 Plus calculator. Part 1 of 3 (a) If 44 people are on the elevator, and their total weight is 8228 pounds, what is their average weight? The average weight is 187 pounds. Part 2 of 3 (b) If a random sample of 44 adult men ride the elevator, what is the probability that the maximum safe weight will be exceeded? Round the answer to at least four decimal places. The probability that the maximum safe weight will be exceeded is 0.456 Part 3 of 3 (c) If a random sample of 44 adult women ride the elevator, what is the probability that the maximum safe weight will be exceeded? Round the answer to at least four decimal places.

A primary purpose of accounting is to Multiple Choice allow for government tracking of business activities. make sure a business is paying its taxes. help managers make well-informed decisions. provide a method of spending money wisely.

Suppose that every consumer is born with zero financial wealth and lives for three periods: youth, middle age, and old age. Consumers work in the first two periods and retire in the last one. Their income is 5 in the first period, 25 in the second, and 0 in the last one. Inflation and expected inflation are equal to zero, and so is the real interest rate. The present discounted value of labor income is at the beginning of the first period of life. (Enter your response as a whole number.) If consumption is equal in all three periods, the highest sustainable level of consumption per period is (Enter your response as a whole number.)

Tanisha is 45 years old and would like to invest. What level of risk would you suggest?

In a sample of 10 randomly selected women, it was found that their mean height was 65.4 in. From previous studies, it is assumed that the population standard deviation for the heights of women is 2.5 in. and that the population of heights is normally distributed. Construct the 95% confidence interval for the population mean height.

Carla Vista Corp. has collected the following data concerning its maintenance costs for the past 6 months. Units Produced Total Cost ---------------------------- July 21,240 42,480 August 37,760 56,640 September 42,480 64,900 October 25,960 44,840 November 47,200 87,910 December 44,840 73,160 Compute the variable cost per unit using the high-low method. (Round answer to 2 decimal places, e.g. 2.25.) Variable cost per unit square

An investment of 6000 was made 5 years ago and has grown to 7,500. What is the annual simple interest rate of this investment?

How are investors in zero-coupon bonds compensated for making such an investment? Such bonds are purchased at a discount, below their face value.

Nourishmix, Inc. manufactures food processors. The target sales price is 460 per unit. The company desires a 30% net profit margin on its products. What is the company's target full - product cost per unit using target pricing? A. 598 B. 322 C. 782 D. 138

Par value is the initial value of the bond, commonly know as the value.

Find i (the rate per period) and n (the number of periods) for the following annuity. Semiannual deposits of 1,500 are made for 10 years into an annuity that pays 7.3% compounded semiannually. i= (Type an integer or a decimal.) n=

Evaluación Parcial N ° 3 Taller (pond. 30%) Administración Financiera - Semestre II 2024 Nombre: Tiempo: 2:00 hrs. Pregunta N ° 1 (2,0 puntos) Una compañía tiene 2 millones en ganancias a disposición de los accionistas comunes y 500,000 acciones comunes en circulación con un precio unitario de 60. Actualmente, la compañía está contemplando el pago de 2 por acción en dividendos en efectivo. a) Calcule las ganancias por acción (GPA) y la relación precio/ganancias (P/G) actuales de la compañía.

If a 60 year-old buys a 1000 life insurance policy at a cost of 50 and has a probability of 0.977 of living to age 61, find the expectation of the policy until the person reaches 61. Round your answer to the nearest cent. The expectation of the policy until the person reaches 61 is dollars.

How much money will there be in an account at the end of 10 years if 5000 is deposited at 5% interest compounded semiannually? (Assume no withdrawals are made.)

vork 4.1 Question 7, 4.1.41 Part 3 of 4 HW Score: 58%, 5.8 of 10 poin Points: 0 of 1 Suppose that the quantity supplied S and quantity demanded D of T-shirts at a concert are given by the following functions where p is the price. S(p)=-200+40p D(p)=1150-50p Answer parts (a) through (c). (a) Find the equilibrium price for the T-shirts at this concert. The equilibrium price is 15 (Round to the nearest dollar as needed.) What is the equilibrium quantity? The equilibrium quantity is 400 T-shirts. (Type a whole number.) (b) Determine the prices for which quantity demanded is greater than quantity supplied. For the price , the quantity demanded is greater than quantity supplied.

Find the simple interest I on a principal P of 6,000 if the rate R is 3.5% and the time T is 8 years. I varies jointly as R and T and the principal P is the constant of variation.

A company purchased 110 units for 40 each on January 31. It purchased 160 units for 35 each on February 28. It sold 160 units for 80 each from March 1 through December 31. If the company uses the first-in, first-out inventory costing method, what is the amount of Cost of Goods Sold on the income statement for the year ending December 31? (Assume that the company uses a perpetual inventory system. A. 5,600 B. 10,000 C. 4,400 D. 6,150

To help purchase her new car, Amy is taking out a 26,000 amortized loan for 6 years at 5.2% annual interest. Her monthly payment for this loan is 421.14. Fill in all the blanks in the amortization schedule for the loan. Assume that each month is 1/12 of a year. Round your answers to the nearest cent. Payment number Interest payment Principal payment New loan balance --- --- --- --- 1 112.67 308.47 25,691.53 2 25,381.72

What amount of cash must be invested today in order to have 47,000 at the end of one year, assuming the rate of return is 7% (PV of 1 and PVA of 1) Note: Use appropriate factor(s) from the tables provided.

In order to pay for college, the parents of a child invest 10,000 in a bond that pays 6% interest compounded semiannually. How much money will there be in 17 years? Round your answer to the nearest cent.

Question 4, 4.C. 17 HW Score: 16.67%, 3 of 18 points Points: 0 of 1 Find the savings plan balance after 4 years with an APR of 5% and monthly payments of 150. The balance is (Do not round until the final answer. Then round to the nearest cent as needed.)

McKerley Corporation has preferred stock outstanding that will pay an annual dividend of 5.65 per share with the first dividend exactly 15 years from today. If the required return is 3.99 percent, what is the current price of the stock? Multiple Choice 7874 75.72 13617 81.88 14160

At a certain plant, cars are being produced with a gas mileage that has a standard deviation of 1.8 miles per gallon. Suppose the average gas mileage in a simple random sample of 19 tested cars is 30.01 miles per gallon. Construct and interpret a 92% confidence interval for the average gas mileage for all cars produced at the plant. You may also assume that the sample is from a normal population.

A favorable labor rate variance indicates that

The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate. Answer parts (a) and (b). Principal Rate Compounded Time ------------ 3500 1.5% monthly 4 years (i) Click the icon to view some finance formulas. a. Find how much money there will be in the account after the given number of years.

Question 3 1 pts Bobby invested 9,255 in a certain stock 8 years ago. If he sells his shares today, his rate of return would be 7.4%. How much money would he earn if he sells his shares today? Round your answer to the nearest dollar.

On a CVP chart, on either side of the break-even point, the vertical distance between the total sales line and the total cost line represents: total loss to the right of the intersection total profit to the left of the intersection total profit to the right of the intersection total loss to the left of the intersection

Balance sheet The account balances of A-One Travel Service for the year ended August 31, 20Y6, follow: Fees earned 1,150,000 Office expense 150,000 Miscellaneous expense 45,000 Wages expense 640,000 Accounts payable 35,000 Accounts receivable 68,000 Cash 184,500 Common stock 75,000 Land 880,000 Supplies 17,500 Cash dividends of 50,000 were paid during the year. Retained earnings as of September 1, 20Y5, were 775,000. Prepare a balance sheet as of August 31, 20Y6. When entering assets, enter them in order of liquidity. A-One Travel Service Balance Sheet August 31, 20Y6 Line Item Description Amount Amount Assets

Problem 7-1 Stock Values [LO 1] The RLX Company just paid a dividend of 2.80 per share on its stock. The dividends are expected to grow at a constant rate of 6.75 percent per year, indefinitely. Assume investors require a return of 12 percent on this stock. a. What is the current price? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. b. What will the price be in four years and in sixteen years? Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.

HW: 2.2 and 2.7 Assignment Question 8 of 26 (1 point) I Question Attempt: 1 of Unlimited A section of a bank statement is shown in the figure. Find the mistake that was made by the bank. Date Action Payment Deposit Balance --- --- --- --- --- 1011.35 Jan. 2 Check #4214 794.32 217.03 Jan. 3 Check #4215 27.29 189.74 Jan. 4 Transfer from savings 450.00 639.74 Jan. 5 Paycheck 1255.21 1894.95 Jan. 6 Cash Withdrawal 50.00 1394.95

Assume both companies are in competition with each other and seek to maximize their profits. Under these conditions, how much profit should we expect both companies to earn?

Pelcher Company maintains a 445 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent 119 for office supplies, 158 for merchandise inventory, and 79 for miscellaneous expenses. There is a cash overage of 7. Based on this information, the amount of cash in the fund before the replenishment is: Multiple Choice 445. 96. 82. 356. 89.

ABC Audio Company is in a monopolistically competitive market selling headphones. In order to determine the quantity and price at which profit will be maximized, data was collected and used to produce the curves shown in the figure below. What is the profit-maximizing price?

A customer purchases BigCo common stock at 30 per share. The stock pays a 0.30 quarterly dividend. After holding the position for one year, the customer sells the stock for 31.80 per share. What is the customer's total return? A) 10% B) 6.5% C) 4% D) 7%

Out of 400 people sampled, 268 had kids. Based on this, construct a 95% confidence interval for the true population proportion of people with kids. Give your answers as decimals, to three places <p<

You want to retire at age 65. You decide to make a deposit to yourself at the end of each year into an account paying 8%, compounded annually. Assuming you are now 25 and can spare 1,100 per year, how much will you have when you retire at age 65? (Give your answer to the nearest cent.)

Your customer sells 100 shares of Small Co., Inc., common stock at 50 per share. After six months, they close the short position at 40 per share. Small Co. does not pay a dividend. What is the total return?

Receipts from cash sales of 3,200 were incorrectly journalized as 2,300. This item would be included on the bank reconciliation as a(n) deduction from the balance per company's records addition to the balance per bank statement deduction from the balance per bank statement addition to the balance per company's records

Schwartr Industry is an industrial company with 93.4 million shares outstanding and a market capitalization (equity value) of 4.27 billion. It has 1.17 billion of debt outstanding. Management has decided to delever the firm by issuing new equity to repay all outstanding debt. a. How many new shares must the firm issue? b. Suppose you are a shareholder holding 100 shares, and you disagree with this decision. Assuming a perfect capital market, describe what you can do to undo the effect of this decision. The firm must issue million shares. (Round to one decimal place.)

CON 3035 2711 Fall 2 Session 2024 Quiz: Week 2 Quiz Question 18 of 20 This quiz: 20 points possible This question: 1 point(s) possible Yields for the following 10-year corporate bonds are listed in the table below along with their Moody's bond rating. 10-year Corporate Bond, Reference Number Moody's Rating Yield (% annually) 1 C 8.50% 2 Baa 7.45% 3 Ca 7.75% 4 A 4.60% If the yield on a 10-year T-note is 4.00%, what is the risk premium on bond #4? The risk premium is %. (Round your response to two decimal places.) What is a likely range of yields for a 10-year corporate bond with a Ba rating? The minimum yield is % and the maximum yield is %. (Round your responses to two decimal places.) Time Remaining: 00:08:47

Boxwood Company sells blankets for 60 each. The following information was taken from the inventory records during May. The company had no beginning inventory on May 1. Boxwood uses a perpetual inventory system. Date Blankets Units Cost May 3 Purchase 5 20 10 Sale 3 17 Purchase 10 20 Sale 6 23 Sale 3 30 Purchase 10 Determine the gross profit for the month of May using the LIFO costing method. 348 452 444 356

The quality-control manager at a compact fluorescent light bulb (CFL) factory needs to determine whether the mean life of a large shipment of CFLs is equal to 7,469 hours. The population standard deviation is 1,080 hours. A random sample of 81 light bulbs indicates a sample mean life of 7,169 hours. At the 0.05 level of significance, is there evidence that the mean life is different from 7,469 hours? Compute the p-value and interpret its meaning. Construct a 95% confidence interval estimate of the population mean life of the light bulbs. Compare the results of (a) and (c). What conclusions do you reach?

In split limit coverage, the second number represents: The limit for claims that can be paid to one person. The limit for claims that can be paid to an uninsured driver involved in an accident. The limit for claims that can be paid to all individuals involved in an accident where you are liable. Insurance coverage for physical or mental health damage to a child.

En una tienda toman nota del tiempo que se tardan en atender. La tabla a continuación muestra la cantidad de clientes que atendieron y el tiempo que les tomó. Cantidad de clientes 4 8 9 Tiempo (en minutos) 12 24 27 Atender a un cliente no siempre les toma la misma cantidad de tiempo. Parece que atender a un cliente siempre les toma la misma cantidad tiempo. Cantidad prevista de clientes atendidos en 30 minutos:

Winona is single, with an adjusted gross income of 347,000. Use the given tax table to complete parts (a) through (d). a. Determine the person's taxable income. Assume the standard deduction. The taxable income is 334,450. (Simplify your answer.) b. Compute the tax owed. The tax owed is 91,602. (Round to the nearest dollar as needed.) c. State the person's marginal tax rate (tax bracket); then calculate the effective tax rate as a percentage of taxable income. Winona is in the 35% tax bracket. The effective tax rate based on taxable income is 27.4%. (Round to one decimal place as needed.) d. Calculate the effective tax rate as a percentage of adjusted gross income, and comment on why it differs from what you found in part (c). The effective tax rate based on adjusted gross income is %. (Round to one decimal place as needed.)

QUIZ Chapter 6 Units Unit Cost Inventory, January 1 5,000 9.00 Purchase, June 18 4,500 8.00 Purchase, November 8 3,000 7.00 A physical inventory on December 31 shows 2,000 units on hand. Holliday sells the units for 12 each. The company has an effective tax rate of 20%. Holliday uses the periodic inventory method. Under the FIFO method, the December 31 inventory is valued at: A) 14,000. B) 14,500. C) 15,000. D) 18,000.

Forten Company's current year Income statement, comparative balance sheets, and additional information follow. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, and (4) all debits to Accounts Payable reflect cash payments for Inventory. Assets Cash 69,400 86,500 Accounts receivable 85,400 63,625 Inventory 295,156 264,800 Prepaid expenses 1,340 2,155 Total current assets 451,296 417,080 Equipment 144,500 121,000 Accumulated depreciation-Equipment (43,125) (52,500) Total assets 52,671 485,580 Liabilities and Equity Accounts payable 66,141 134,175 Long-term notes payable 72,400 70,350 Total liabilities 138,541 204,525 Equity Common stock, 5 par value Paid-in capital in excess of par, common stock 182,250 163,250 Paid-in capital in excess of par, common stock 174,880 117,805 Total liabilities and equity 552,671 485,580 Additional Information on Current Year Transactions a. The loss on the cash sale of equipment was 18,125 (details in b). b. Sold equipment costing 85,875, with accumulated depreciation of 43,125, for 24,625 cash. c. Purchased equipment costing 109,375 by paying 56,000 cash and signing a long-term notes payable for the balance. d. Paid 51,325 cash to reduce the long-term notes payable. e. Issued 3,800 shares of common stock for 20 cash per share. f. Declared and paid cash dividends of 52,700. Required: Prepare a complete statement of cash flows using a spreadsheet using the indirect method.

Use the stock table to answer parts (a) through (h). Company A NASDAQ: CA 276.95 △ 0.53(19 %) July 6, 7:59 pm EDT - Market Closed July 6, 7:59 pm EDT - Market Closed 36.72 Vol 23.83 M Open 274.73 P/E Avg Vol 22.76 M High 279.30 52wk High 195.26 Mkt Cap 2.08 T Low 277.34 52wk Low 155.26 a. What was the closing price of a share of stock on July 6 ? The closing price was 276.95. b. Was the closing price up or down from the previous trading day? By how much? The closing price was up by 0.53, which was a 0.19 % increase. (Type an integer or a decimal.) c. What was the closing price on the previous trading day? The closing price on the previous day was

The value of China's exports of automobiles and parts (in billions of dollars) is approximately f(x)=1.8208 e^.3387 x, where x=0 corresponds to 1998. In what year did/will the exports reach 9.6 billion?

Question 23 (1 point) Listen Monopoly creates Deadweight loss because it produces an output which is more than perfect competition it produces an output which costs less than perfect competition it produces an output which is less than perfect competition it produces an output which costs more than perfect competition

Use the appropriate compound interest formula to compute the balance in the account after the stated period of time 13,000 is invested for 5 years with an APR of 5% and quarterly compounding. The balance in the account after 5 years is (Round to the nearest cent as needed.)

Issuing bonds at face amount On January 1, the first day of the fiscal year, Designer Fabric Inc. issues a 300,000, 4%, 10-year bond that pays semiannual interest of 6,000 (300,000 x 4% x 1/2 year), receiving cash of 300,000. a. Journalize the entry to record the issuance of the bonds. If an amount box does not require an entry, leave it blank. Cash ✔ Bonds Payable ✔ Feedthack Check My Work Bonds payable is always recorded at face value. b. Journalize the entry to record the first interest payment on June 30. If an amount box does not require an entry, leave it blank. Cash Feedtack

Given a 7.25 percent interest rate, compute the year 7 future value of deposits made in years 1, 2, 3, and 4 of 1,100, 1,300, 1,600, and 1,600.

The Wall Street Journal reports that the rate on 4-year Treasury securities is 5.55 percent and the rate on 5-year Treasury securities is 5.80 percent. The 1-year interest rate expected in four years, E(5 r1), is 6.40 percent. According to the liquidity premium hypotheses, what is the liquidity premium on the 5-year Treasury security, L5? Note: Do not round intermediate calculations. Round your percentage answer to 2 decimal places (i.e., 0.1234 should be entered as 12.34).

Sophia grows Christmas trees. Her cost of production is shown in the table below. Christmas Trees Total Cost 1 60 2 90 3 162 4 246 5 342 6 450 7 570 Suppose the market for Christmas trees is perfectly competitive and that the market price for Christmas trees is 90 per tree. How many Christmas trees should Sophia grow? Sophia should grow trees. (Enter your response as an integer value.)

Question 5 3.33 Points Permanent accounts are those accounts presented in the Income Summary. (A) True (B) False Clear selectio

Business XYZ has the following projected budget and actual budget for a given month: Budget Actual ------------------------ Payroll 27,500 29,760 Inventory 13,700 14,230 Rent 9,200 9,970 Services 4,600 5,600 Calculate the percent change that Inventory is over budget. % Δ=[?] % Answer as a percent rounded to the nearest tenth.

Given the annual interest rate and the compounding period, find i, the interest rate per compounding period. 8.2% compounded quarterly i= % (Type an integer or decimal rounded to the nearest thousandth as needed.)

A certain counselor wants to compare mean IQ scores for two different social groups. A random sample of 16 IQ scores from group 1 showed a mean of 89 and a standard deviation of 14, while an independently chosen random sample of 15 IQ scores from group 2 showed a mean of 90 and a standard deviation of 13. Assuming that the populations of IQ scores are normally distributed for each of the groups and that the variances of these populations are equal, construct a 90% confidence interval for the difference μ₁-μ₂ between the mean μ₁ of IQ scores of group 1 and the mean μ₂ of IQ scores of group 2. Then find the lower limit and upper limit of the 90% confidence interval. Carry your intermediate computations to at least three decimal places. Round your responses to at least two decimal places. (If necessary, consult a list of formulas.) Lower limit: Upper limit:

A company produces two products, A and B. - Product A requires 3 kg of metal and 6 minutes of labor. - Product B requires 4 kg of metal and 3 minutes of labor. - Product A makes a profit of 2.00. - Product B makes a profit of 1.50 - 1000 kg of metal is available. - 20 hours of labor are available. How many of product A and B should be made to maximize profits?

Exercise 23-9 (Algo) Segment elimination LO P4 [The following information applies to the questions displayed below.] Suresh Company reports the following segment (department) income results for the year. Department M Department N Department O Department P Department T Total --------------------- Sales 88,000 46,000 84,000 72,000 45,000 335,000 Avoidable 19,300 47,800 18,800 23,500 54,900 164,300 Unavoidable 59,400 24,000 6,100 59,100 23,100 171,700 Total expenses 78,700 71,800 24,900 82,600 78,000 336,000 Income (loss) 9,300 (25,800) 59,100 (10,600) (33,000) (1,000) Exercise 23-9 (Algo) Part 2 b. Compute the total increase in income if the departments with sales less than avoidable costs, as identified in part a, are eliminated.

Customers buy 12 units of regular beer and 14 units of light beer monthly. The brewery decides to produce extra beer, beyond that needed to satisfy the customers. The cost per unit of regular beer is 28,000 and the cost per unit of light beer is 47,000. Every unit of regular beer brings in 100,000 in revenue, while every unit of light beer brings in 200,000 in revenue. The brewery wants at least 10,000,000 in revenue. At least 62 additional units of beer can be sold. Complete parts (a) and (b). (a) How much of each type of beer should be made so as to minimize total production costs? Let y1 represent units of regular beer and y2 represent units of light beer. Find the objective function, w, used to minimize production costs. w=28000 y1+47000 y2 The brewery should make units of regular beer and units of light beer so as to minimize total production costs.

Job SEO was posted by a human on September 25th. During the next 5 days after the job was posted, there were 2,500 of direct click costs. What is the average daily cost of direct clicks over the first 5 days?

To help pay for college, David borrowed money from his credit union. He took out a personal, amortized loan for 58,500, at an interest rate of 5.25%, with monthly payments for a term of 10 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 David's monthly payment. (b) If David pays the monthly payment each month for the full term, find his total amount to repay the loan. (c) If David pays the monthly payment each month for the full term, find the total amount of interest he will pay.

The inventory cost flow method that reports the most current prices in ending inventory is a. FIFO b. specific identification c. weighted average cost d. Lifo

Does the average Presbyterian donate more than the average Catholic in church on Sundays? The 49 randomly observed members of the Presbyterian church donated an average of 20 with a standard deviation of 5. The 53 randomly observed members of the Catholic church donated an average of 17 with a standard deviation of 9. What can be concluded at the α=0.05 level of significance?

Use the accompanying 200 Los Angeles commute times to test the claim that the mean Los Angeles commute time is less than 36 minutes. Assume that a simple random sample has been selected. Use a 0.05 significance level. Compare the sample mean to the claimed mean of 36 minutes. Is the difference between those two values statistically significant? Identify the null and alternative hypotheses. H0: μ=36 H1: μ=36 (Type integers or decimals. Do not round.) Identify the test statistic.

Find the compound amount on a deposit of 7610 at 9% for 8 years by multiplying the original amount deposited by 100% plus the compound rate. The compound amount is . (Round to the nearest hundredth.)

At the end of one year, how does the FV with semi-annual compounding compare with the FV with annual compounding? It will be lower It will be the same It will be greater

On March 3, Sheridan Appliances sells 768,600 of its receivables to Western Factors Inc. Western Factors Inc. assesses a service charge of 5% of the amount of receivables sold. Prepare the entry on Sheridan Appliances' books to record the sale of the receivables. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Mar. 3

The Zagat Restaurant Survey provides food, decor, and service ratings for some of the top restaurants across the United States. For 15 restaurants located in Boston, the average price of a dinner, including one drink and tip, was 48.60. You are leaving on a business trip to Boston and will eat dinner at three of these restaurants. Your company will reimburse you for a maximum of 50 per dinner. Business associates familiar with these restaurants have told you that the meal cost at one-third of these restaurants will exceed 50. Suppose that you randomly select three of these restaurants for dinner. a. What is the probability that none of the meals will exceed the cost covered by your company (to 4 decimals)? b. What is the probability that one of the meals will exceed the cost covered by your company (to 4 decimals)? c. What is the probability that two of the meals will exceed the cost covered by your company (to 4 decimals)? d. What is the probability that all three of the meals will exceed the cost covered by your company (to 4 decimals)?

Issues buying a house at 220,000 5% down payment, closing costs include 3,500 for 6 months of homeowners insurance, 1,050 for 6 months of property taxes. Down payment and closing costs rounded your answer to the nearest cent.

Compute the total and annual returns on the described investment. Six years after buying 150 shares of XYZ stock for 80 per share, you sell the stock for 18,700. The total return is %. (Do not round until the final answer. Then round to one decimal place as needed.)

Match the accounting terms with the corresponding definitions. Definition Term a. The cost of the merchandise inventory that the business has sold to customers. b. An amount granted to the purchaser as an incentive to keep goods that are not "as ordered". c. A type of merchandiser that buys merchandise either from a manufacturer or a wholesaler and then sells those goods to customers. d. A situation in which the buyer takes ownership (title) at the delivery destination point. e. A type of merchandiser that buys goods from manufacturers and then sells them to retailers. f. A discount that businesses offer to purchasers as an incentive for early payment. g. A situation in which the buyer takes title to the goods after the goods leave the seller's place of business. h. The terms of purchase or sale as stated on the invoice. i. A seller's request for cash from the purchaser.

Jasmine Dantas' Bed and Breakfast, in a small historic Mississippi town, must decide how to subdivide (remodel) the large old home that will become its status quo option) leaves all walls intact. In this case, there are eight rooms available, but only two are suitable for four adults, and forty. Option C (the have private baths. Below are the details of profit and demand patterns that will accompany each option: Alternatives Annual Profit under Various Demand Patterns ------ High p Average p A(modernize all) 96,000 0.50 27,000 0.50 B (modernize 2nd) 84,000 0.30 70,000 0.70 C (status quo) 64,000 0.25 50,000 0.75 This exercise contains only part b. b) The option with the highest expected value for Jasmine Dantas' Bed and Breakfast is . with an expected value of 5 round your response t the nearest whole number).

You wish to accumulate 80,000 at the end of 10 years. To accomplish this, you plan to make equal deposits of X at the end of each year for the first 7 years. The annual effective rate is 6 % during the first 7 years and 5 % for the next three years. Calculate X.

Height and age: Are older men shorter than younger men? According to a national report, the mean height for U.S. men is 69.4 inches. In a sample of 117 men between the ages of 60 and 69, the mean height was (barx=68.9) inches. Public health officials want to determine whether the mean height (mu) for older men is less than the mean height of all adult men. Assume the population standard deviation to be (sigma=2.76). Use the (alpha=0.01) level of significance and the (P)-value method with Excel. (a) State the appropriate null and alternate hypotheses. [ H0: mu=69.4 H1: mu<69.4 ] This hypothesis test is a left-tailed test. (b) Compute the value of the test statistic. Round the answer to at least two decimal places.

Which is true about differences in savings rates across groups of people? Older people and higher-income people tend to save less. Older people and lower-income people tend to save less, Younger people and higher-income people tend to save less. Younger people and lower-income people tend to save less.

What is one outcome of James' decision? He will qualifity for Medicaid. The cost of his insurance premium will decrease. His benefit period will be shortened. His insurance payout will increase.

If we let X be the profit of the insurance company from selling the insurance policy then the expected value of X is always negative. True False

Select the correct answer from each drop-down menu. Complete the statements regarding financial agencies. The financial agency that sets monetary policy is deposits is . . The financial agency that insures bank

The accounts from the Adjusted Trial Balance are listed in alphabetical order. What is the total long-term liabilities? Baker Service Company Adjusted Trial Balance September 30, 2025 Account Title Balance Debit Credit Accounts Payable 9,200 Accounts Receivable 14,300 1,600 Accumulated Depreciation, Equipment Cash 5,300 Common Stock 500 Denrenciation Exnense - Enuinment A. 39,900 B. 19,600 C. 22,100 D. 10,500

Atividades -aula 6 Empréstimos- Sistema SAC 1- Um financiamento no valor de R 200.000,00 é concedido para ser amortizado em 100 pagamentos mensais pelo SAC. A taxa de juros contratada é de 2% ao mês. Com base nestas informações, determine o valor da primeira de da ultima parcela.

TB Problem Qu. 12-201 (Algo) Liquidation of partnership Green, Tan, and Brown decide to liquidate their partnership. The partnership agreement states that they share income and losses equally. Partner capital balances follow: Green, 148,400; Tan, 187,500; and Brown, 174,700. On December 31, the liquidation results in a 456,000 loss. If the partner with a deficit covers the deficit by paying cash, prepare journal entries on December 31 to (a) Record the cash received to cover the deficit. (b) Record the final cash disbursement to the partners.

The following is cost information for the Creamy Crisp Donut Company Entrepreneur's potential earnings as a salaried worker = 48,000 Annual lease on building = 20,000 Annual revenue from operations = 280,000 Payments to workers = 118,000 Utilities (electricity, water, disposal) costs = 8,000 Value of entrepreneur's talent in the next best entrepreneurial activity = 80,000 Entrepreneur's forgone interest on personal funds used to finance the business = 6,000 Creamy Crisp's accounting profit is Multiple Choice 146,000. 0. 280,000. 134,000.

Chapter 7 - Internal Control and CengageNOWv2 Online teachin PRE-TEST Problem #14 of 19 An NSF check appears on the bank statement as a 13 14 a. debit memorandum that decreases the account balance. 15 b. credit memorandum that increases the account balance. c. debit memorandum that increases the account balance. 16 d. credit memorandum that decreases the account balance.

Question 1 (1 point) If an amount is directly deducted from your checking account when you swipe your card at the store, which type of card are you using? gift card debit card credit card Question 2 (1 point) Which is an advantage of using a credit card? You don't indulge in impulse buying You don't have to pay interest You can make purchases even when you don't have cash Question 3 (1 point) Which is a disadvantage of using credit? You can build your credit history You make fewer purchases You pay more because of fees and interest Question 4 (1 point) What is the total account debt as of the statement date called? APR Balance Finance charges

If you own 280 shares of Fencemart stock, how much in dividends did you make last year? Fencemart Stores (FENS) 60.08 ↑ 0.32 (0.54 %) Previous Close 59.76 Day's Range 59.46-60.19 Open 61.11 52 Week Range 54.04-68.70 Bid 60.73 × 4300 Volume 5,296,196 Ask 60.74 × 2900 Avg. Volume (3m) 12,578,300 1 y Target Est 63.63 Market Cap 194.51 B Beta 0.444396 PE Ratio (TTM) 13.01 Next Earnings Date N/A EPS (TTM) 4.67 Dividend Yield 0.59 You earned from your shares of Fencemart stock last year.

[OCR content] Exam #3 Question 10 of 18 (1 point) Question Attempt 1 of 1 Time Remaining: 7 8 9 10 11 12 13 14 15 16 Find the future value of the annuity. Round your answer to the nearest cent. Do not round intermediate steps. Payment Rate Compounded Time 4,000 1.66% Semiannually 3 years The future value of the annuity is Continue

Ivanhoe Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost --- --- 7,990 14,120 7,500 13,498 8,500 14,948 8,195 14,485 Compute the unit variable costs using the high-low method for this mixed cost. (Round answer to 2 decimal places, e.g. 2.25.) Variable cost per mile

A = 650(1+0.04)^30

Listed below are the amounts of net worth (in millions of dollars) of the ten wealthiest celebrities in a country. Construct a 95% confidence interval. What does the result tell us about the population of all celebrities? Do the data appear to be from a normally distributed population as required? 249 202 187 175 162 153 153 153 150 148 150.2 million < mu < 196.2 million (Round to one decimal place as needed.) What does the result tell us about the population of all celebrities? Select the correct choice and, if necessary, fill in the answer box(es) to complete your choice. A. We are 95% confident that the interval from million to million actually contains the true mean net worth of all celebrities. (Round to one decimal place as needed.) B. We are confident that 95% of all celebrities have a net worth between million and million. (Round to one decimal place as needed.) C. Because the ten wealthiest celebrities are not a representative sample, this doesn't provide any information about the population of all celebrities. Do the data appear to be from a normally distributed population as required? Choose the correct answer. A. No, because there is a systematic pattern that is not a straight line pattern. B. No, but the points in the normal quantile plot lie reasonably close to a straight line and show some systematic pattern that is a straight line pattern. C. Yes, but the points in the normal quantile plot do not lie reasonably close to a straight line or show a systematic pattern that is a straight line pattern. D. Yes, because the pattern of the points in the normal quantile plot is reasonably close to a straight line.

A box with a rectangular base is to be constructed of material costing 2 / in^2 for the sides and bottom and 3 / in^2 for the top. If the box is to have volume 1,215 in^3 and the length of its base is to be twice its width, what dimensions of the box will minimize its cost of construction? What is the minimal cost?

Test Your Knowledge ✓ 72 % When trying to stick to a monthly budget, important financial decisions must be made... - At the beginning of the month. - At the end of the month. - Each and every day. - None of the above. SUBMIT

If 1078.00 accumulates to 1521.77 in five years, eight months compounded monthly, what is the effective annual rate of interest? The effective annual rate of interest is %. (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.)

Consider a hypothetical demand schedule for monosodium glutamate (MSG). Suppose that Ajinomoto holds 50% of the market, Jiali holds 30% of the market, and Quingdao holds 20% of the market. Suppose the three firms agree to form a cartel to fix production of monosodium glutamate. Assume marginal cost equals zero, and the output is split equally across the firms. What quantity maximizes the cartel's profit? 20 million pounds Price of MSG ( per pound) Quantity of MSG demanded (millions of pounds) 8 0 7 20 6 30 5 40 4 60 3 90 2 110 1 180 0 300 90 million pounds 110 million pounds 300 million pounds Suppose Ajinomoto's marginal cost remains equal to zero, but for Jiali and Quingdao, marginal costs rise above zero. How would this affect the incentive of Ajinimoto to act noncooperatively and change its output?

Hannah and Robin went trick-or-treating. Hannah got 2 Kit-kats and 5 gummi bears. Robin got 4 Kit-kats and 3 gummi bears. Hannah and Robin's utilities are: u^H(k, g) = k^3 g^2 u^R(k, g) = k g^2, respectively, where k is the number of Kit-kats and g is the number of gummi bears they each eat. They will trade with each other in a competitive market. Suppose the price of Kit-kats is p, and of gummi bears is 1. (a) Find Hannah's optimal consumption bundle, in terms of p. (b) Find Robin's optimal consumption bundle, in terms of p. (c) Find the market-clearing p. [This is the p that makes the total number of Kit-kats (or gummi bears) demanded equal the total amount in society.] Find Hannah and Robin's final allocations.

The profit for a company that produces discount sneakers can be modeled by the quadratic function P(x)=4x^2-32x+210, where x is the number of pairs of sneakers sold. Part: 0 / 5 Part 1 of 5 (a) For how many pair(s) of sneakers did the profit reach its lowest point? The low point for the profit is when pair(s) of sneakers were sold.

A company has a policy of retiring company cars; this policy looks at number of miles driven, purpose of trips, style of car and other features. The distribution of the number of months in service for the fleet of cars is bell-shaped and has a mean of 46 months and a standard deviation of 4 months. Using the 68-95-99.7 (Empirical) Rule, what is the approximate percentage of cars that remain in service between 50 and 58 months? The approximate percentage of cars that remain in service between 50 and 58 months is (enter the percent symbol.)

To help buy her new condominium, Labra is taking out a 163,000 mortgage loan for 30 years at 3.1% annual interest. Her monthly payment for this loan is 722.87. Fill in all the blanks in the amortization schedule for the loan. Assume that each month is 1/12 of a year. Round your answers to the nearest cent. Payment number Interest payment Principal payment New loan balance 1 162,477.18 2 122,041.32 ... ... ... ... 130 346.85 131

Consumer Mathematics Finding the future value and interest for an investment earning compound... The Carters are saving up to go on a family vacation in 5 years. They invest 2400 into an account with an annual interest rate of 1.49% compounded quarterly. Answer the questions below. 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) Assuming no withdrawals are made, how much money is in the Carters' account after 5 years? (b) How much interest is earned on the Carters' investment after 5 years?

Use the percentage of 18-49 year olds who agree with the statement "I would buy this product" to calculate the sales potential for a target population of 640,000 18-49 year olds. Age (years) 18-49 50+ Agree 14 30 Somewhat Agree 10 20 Somewhat Disagree 6 45 Disagree 2 25 [?] people

A rectangular garden of area 50 square feet is to be surrounded on three sides by a fence costing 2 per running foot and on one side by a brick wall costing 6 per running foot. Let x be the length of the brick wall side. Which of the following represents the total cost of the material? 6x + 50/x 3x/50 + 1/50x 3x + (50-x) 6x + 300/x none of these

Paul leases an apartment with a security deposit of 2050 and monthly payments of 1,880. Assuming half of his security deposit is returned to him at the end of the lease, what will be the total cost of a one-year lease?

Intermediaries may include: Multiple Choice commercial banks mutual funds investment banks All of the choices are correct.

Apex Learning - Caurses 3.2.4 Quiz: Fiscal Policy Question 5 of 10 Which situation most directly illustrates a possible outcome of a fiscal policy? A. The government decides it is time to print a great deal of new money. B. Struggling farmers receive less assistance from the government. C. New environmental regulations make drinking water in a city safer. D. A company decides to expand its operations into several new states. PREVIOUS Search

Saved The best objective when faced with limited resources is to maximize: Multiple Choice the gross profit per unit of the constraining resource. the contribution margin per unit of the constraining resource. production of the product with the highest customer demand. production of the product with the highest selling price.

Carla Vista Company has accounts receivable of 92,600 at March 31, 2025. Credit terms are 2/10, n/30. At March 31, 2025, there is a 2,100 credit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The company's estimates of bad debts are as shown below. Age of Accounts Balance, March 31 2025 Balance, March 31 2024 Estimated Percentage Uncollectible ------------ Current 60,500 77,250 2% 1-30 days past due 14,000 7,550 5% 31-90 days past due 10,100 2,370 28% Over 90 days past due 8,000 1,170 52% , 92,600 88,340

In an effort to get all countries to simultaneously revalue against the dollar, President Nixon announced in 1971 that the dollar was no longer convertible into gold.

Question 9 Coupons, rebates and premiums are sales promotions for which market? C. Consumer market D. Trade market A. Business market B. At-home market 0.1 pts Question 10 Which of the following is carried out through a program in which retail salespeople are offered a monetary reward for featuring a marketer's brand with shoppers? C. Allowances A. Cooperating advertising B. Sales-training programs D. Push money

Use the following formula A=P[(1+r/n)^(nt)-1]/(r/n) Suppose that you drive 30,000 miles per year and gas averages 4 per gallon. Complete parts a. and b. below. a. What will you save in annual fuel expenses by owning a hybrid car averaging 30 miles per gallon rather than an SUV averaging 9 miles per gallon? (Round to the nearest dollar as needed.)

An analyst is considering two mutually exclusive projects that have been assigned the same discount rate of 10.5 percent. Project A has an initial cost of 54,500 and should produce cash inflows of 16,400, 28,900, and 31,700 for Years 1 to 3, respectively. Project B has an initial cost of 79,400, and should produce cash inflows of 0, 48,300, and 42,100, for Years 1 to 3, respectively. What is the incremental IRR? Multiple Choice 13.89% -11.23% 4.08% 783%

In competitive markets, firms that raise their prices are typically rewarded with larger profits.

Find the gross income, the adjusted gross income, and the taxable income. Base the taxable income on the greater of a standard deduction or an itemized deduction. The taxpayer is divorced, filing as single, earned wages of 39,400 with no other taxable income, and had no adjustments. She paid 985 in state taxes. The gross income is .

8000 are invested in a bank account at an interest rate of 5 percent per year. Find the amount in the bank after 7 years if interest is compounded annually. Find the amount in the bank after 7 years if interest is compounded quarterly. Find the amount in the bank after 7 years if interest is compounded monthly. Finally, find the amount in the bank after 7 years if interest is compounded continuously.

Suppose you want to have 300,000 for retirement in 20 years. Your account earns 8% interest. Round your answers to the nearest cent. a) How much would you need to deposit in the account each month? 509.32

You own investment A and 10 bonds of bond B. The total value of your holdings is 14,633.4. Investment A is expected to make annual payments forever. The first payment for investment A is expected to be 227 and all subsequent payments are expected to increase by 2.19 percent per year forever. The expected return for investment A is 11.47 percent per year and the first payment will be made in 1 year. Bond B has a coupon rate of 19.30 percent, par value of 1000, YTM of X percent, 17 years until maturity, and semiannual coupons with the next coupon expected in 6 months. What is X ? Input instructions: Input your answer as the number that appears before the percentage sign. For example, enter 9.86 for %, 86 % (do not enter .0986 or 9.86 %). Round your answer to at least 2 decimal places.

Pregunta 13 6,25 puntos Una compra de mercaderías por 500 al crédito simple, provoca cambios en las siguientes cuentas de la Ecuación Patrimonial: (A) Aumenta "mercaderías" en 500 y aumenta "clientes" en 500 (B) Aumenta "mercaderías" en 500 y disminuye "caja" en 500 (C) Aumenta "mercaderías" en 500 y aumenta "proveedores" en 500 (D) Aumenta "mercaderías" en 500 y aumenta "documentos por pagar" en 500.

Which of the following subsequent expenditures would be capitalized? Multiple Choice Ordinary repairs and routine maintenance Routine maintenance Costs that increase the service life of an asset Ordinary repairs

A couple deposits 17,000 into an account earning 3% annual interest for 20 years. Calculate the future value of the investment if the interest is compounded weekly. Round your answer to the nearest cent.

The principal P is borrowed and the loan's future value A at time t is given. Determine the loan's simple interest rate r to the nearest tenth of a percent. P=2500.00, A=2521.88, t=3 months % (Round to the nearest tenth of a percent.)

Time Value Money VE=VB(1+r)^n Where VE : ending value VB : beginning value r : interest rate usually quoted as annual percentage rate (APR) n : number of compounding periods You invest 2000 into a savings account that earns 2% APR. How much is your 2000 worth after 15 years? Include units and round your answer to the nearest dollar (the nearest unit). Answer: O

Harwell Company manufactures automobile tires. On July 15, 2024, the company sold 1,900 tires to the Nixon Car Company for 35 each. The terms of the sale were 2 / 20, n / 30. Harwell uses the gross method of accounting for cash discounts. Required: 1. Prepare the journal entries to record the sale on July 15 (ignore cost of goods) and collection on July 23, 2024. 2. Prepare the journal entries to record the sale on July 15 (ignore cost of goods) and collection on August 15, 2024.

If 49600 dollars is invested at an interest rate of 10 percent per year, find the value of the investment at the end of 5 years for the following compounding methods, to the nearest cent. (a) Annual: (b) Semiannual: (c) Monthly: (d) Daily:

Suppose the reserve requirement is set at 14 percent and excess reserves are 36 million. What is the money multiplier?

If investment spending increases by 15 billion and real GDP increases by 75 billion, the expenditures multiplier is (square)

The most important among the Federal Reserve district banks in conducting monetary policy is the - Boston bank - Chicago bank - New York bank - San Francisco bank.

Roberto Clemente's marginal federal income tax rate is 24%. How much money will Roberto save in federal income taxes if he deposits the 14,009 in a tax-deferred retirement account instead of depositing it in a taxable account? Taxes round to the dollar.

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