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Madison Tour, Inc., just paid a dividend of 3.15 per share on its stock. The dividends are expected to grow at a constant rate of 6 percent per year, indefinitely. Assume investors require a return of 11 percent on this stock. What will the price be in 3 years? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
If you invest 5,000 dollars in an investment which returns 7% annually, how much will that investment be worth in 6 years? (start in year 0)
True or False Your financial institution may have different mortgage qualification standards based on marital status O True O False Submit Fair Lending Overview: For Lenders - E3 Progress 76 %
2010 Nominal GOP 14,527,000 Real GDP 15,599,000 Population 309.4 m 2020 Naminal GDP 21,061,000 Real GDP 18,509,000 Population 329.5
You are choosing between two plans at a discount warehouse. Plan A offers an annual membership fee of 120 and you pay 80% of the manufacturer's recommended list price. Plan B offers an annual membership fee of 40 and you pay 90% of the manufacturer's recommended list price. How many dollars of merchandise would you have to purchase in a year to pay the same amount under both plans? What will be the cost for each plan?
Question 10 1 pts Suppose that the last four months of sales were 8, 10, 15, and 9 units, respectively. Suppose further that the last four forecasts were 5, 6, 11, and 12 units, respectively. What is the Mean Absolute Deviation (MAD) of these forecasts? 10.05 3.50 2.00 0.50 8.00
Jul. 31: The business received 2,000 for medical screening services to be performed next month.
Jul. 19: Borrowed 29,000 from the bank for business use.
(a) State when this problem relates to, in ordinary annuity due compounded monthly. After how many months will the account be worth 80,000? (b) Solve this problem (Round your answer up to the nearest month.)
Question 5 Suppose the production function is y=10k^0.3, the depreciation rate is 5%, the population growth rate is 1%, the rate of labor-augmenting technological progress is 3%, and the saving rate is 25%. What is the steady-state capital stock per effective worker? a 88 b 94 c 101 d 115
Suppose that on January 1 you have a balance of 4900 on a credit card whose APR is 21%, which you want to pay off in 1 year. Assume that you make no additional charges to the card after January 1. a. Calculate your monthly payments. b. When the card is paid off, how much will you have paid since January 1? c. What percentage of your total payment from part (b) is interest?
A company that sells radios has yearly fixed costs of 600,000. It costs the company 40 to produce each radio. The radio will sell for 60. The company's costs and revenue are modeled by the following functions, where x represents the number of radios produced and sold. C(x)=600,000+40x, R(x)=60x Find and interpret (R-C)(15,000), (R-C)(30,000), and (R-C)(45,000). (R-C)(15,000)=-300,000 What is the meaning of (R-C)(15,000) ? A. If the company sells 300,000 radios in one year, its net loss is 15,000. B. If the company sells 15,000 radios in one year, its net profit is 300,000. C. If the company sells 300,000 radios in one year, its net profit is 15,000. D. If the company sells 15,000 radios in one year, its net loss is 300,000.
Your cousin Vinnie owns a painting company with fixed costs of 150 and the following schedule for variable costs: Quantity (Houses Painted per Month) Variable Cost (Dollars) Average Fixed Cost (Dollars) Average Variable Cost (Dollars) Average Total Cost (Dollars) --------------- 1 15 ∇ ∇ v 2 35 ∇ ∇ 3 60 ∇ ∇ v 4 90 ∇ v ∇ 5 135 V ✓ ∇ 6 240 ∇ V ∇ 7 480 ✓
Complete (round answers to nearest cent): Item Total Qty Bought Unit Cost Total Cost Markup % on Cost Total Sales % That Will Spoil Selling Price Per Unit --- --- --- --- --- --- --- --- Brownies 40 0.70 40% 10% Prev 15 of 25 Next
Assume markup is based on cost. Solve for the actual cost (round to nearest cent): Selling price 600 Markup % on cost 35% Actual cost?
Bade Midwifery's cost formula for its wages and salaries is 1,420 per month plus 246 per birth. For the month of October, the company planned for activity of 107 births, but the actual level of activity was 103 births. The actual wages and salaries for the month was 27,795. The activity variance for wages and salaries in October would be closest to:
According to an annual survey by Paytronix, around 17% of gift cards are still unused after a full year from purchase. Sounds like free money for businesses, right? It's all in the accounting - when gift cards are sold, they are counted as a liability until spent. A local restaurant chain sold 450 twenty-five dollar gift cards. Based on the data they expect that 83% of the cards will be used within a year of the purchase. Use the normal approximation along with the continuity correction factor to find the probability that at most 374 gift cards of 450 sold will be used within a year of purchase. - Let X be the number of gift cards out of 450 sold that will be used within a year from the purchase. Describe the distribution of X and its parameters: [ X-text Select an answer vee(n=square, p=square) ] - Use the random variable notation to symbolically express the probability that at most 374 gift cards out of 450 sold will be used within a year from the purchase: - Let Y be a normal variable that will be used to approximate the probability in question. Find the parameters of Y (round the answers to 2 decimal places): [ Y sim text Select an answer vee(mu=square, sigma=square) ] - Use the random variable notation to symbolically express the approximate probability that at most 374 gift cards out of 450 sold will be used within a year from the purchase: - Use the correction for continuity: - Find the probability (round the answer to 4 decimal places):
Which deposits might not be available the next business day? A. Cash deposits B. Personal checks C. U.S. Postal money orders payable to the depositor D. Wire transfers
Bartosiewicz Clinic uses client-visits as its measure of activity. During January, the clinic budgeted for 3,200 client-visits, but its actual level of activity was 3,180 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for January: Data used in budgeting: - Fixed element per month / Variable element per client-visit: - Revenue: 0 / 35.20 - Personnel expenses: 27,200 / 11.20 - Medical supplies: 1,200 / 5.20 - Occupancy expenses: 10,200 / 1.00 - Administrative expenses: 6,200 / 0.30 - Total expenses: 44,800 / 17.70 Actual results for January: - Revenue: 124,670 - Personnel expenses: 72,020 - Medical supplies: 22,764 - Occupancy expenses: 14,620 - Administrative expenses: 8,125 The activity variance for net operating income in January would be closest to:
How much interest will you have to pay for a credit card balance of 950 that is 1 month overdue, if a 21% annual rate is charged? You will have to pay in interest. (Round to two decimal places.)
Chrome - Finding a Job -> Math Quiz vbcourse.knowledgematters.com/quiz/answerQuestion/5706538/4703132 VIRTUAL BUSINESS TB PERSONAL FINANCE Finding a Job Math Quiz QUESTION 7 of 10: II you work an 8-hour shift on each weekend day and take two weeks off during the year, how many hours will you work in a year? a) 800 b) 880 c) 900 d) 960 Submit S2024 Knowedge Maters, Inc.
Accounting firms, building contractors, and healthcare providers use process costing.
For traffic that flows on a highway, the headway is the average time between vehicles. On four-lane highways, the probability P (as a decimal) that the headway is at least t seconds when there are 500 vehicles per hour traveling one way is given by P=0.80^t Under these circumstances, what is the probability that the headway is at least 15 seconds? (Round your answer to two decimal places.) P=
Consider the economy of the planet of Navarro for the following questions. Suppose money supply for the economy is 1 million imperial credits, nominal GDP is 10 million imperial credits, and real GDP is 5 million imperial credits for the current year. Also, tax rate for Navarro is 20%. 1. Calculate the price level and the velocity of money for Navarro for the current year. - Price Level: Nominal GDP / Real GDP → 10 million imperial credits / 5 million imperial credits = 2 - Velocity of Money: Nominal GDP / Money Supply → 10 million imperial credits / 1 million imperial credits = 10 2. Suppose velocity stays constant (at the level you found in question 1) and the economy of Navarro grows in real terms by 5% next year. What will happen to nominal GDP and the price level if the central bank in Navarro keeps the
Lumen OHM 508 ities / Chapter Quiz Question 10 of 15 The main difference between immediate and deferred annuities is A. When the income payments begin. B. The number of insureds. C. How the annuity is purchased. D. The amount of each payment.
The corporate team-building event will cost 360 if it has 30 attendees. If there are 33 attendees, how much will the corporate team-building event cost? Assume the relationship is directly proportional.
Week 4 : Homework 4 Problem 1-3B (Also) Prepare financial statements (LO:13) Shell Investments provides financial services related to investment selections, retirement planning, and general insurance needs. At the end of the year on December 31, 2024, the company reports the following amounts: Service revenue 331,900 Selling expense 134,800 Interest expense 8,400 Rent expense 22,000 Equipment 4,800 Accounts payable 120,000 In addition, the company had common stock of 100,000 at the beginning of the year and issued an additional 11,000 during the year. The company also had retained earnings of 141,300 at the beginning of the year and paid dividends of 3,600. Required: 1. Prepare the income statement for Shell Investments. 2. Prepare the statement of stockholders' equity for Shell Investments. 3. Prepare the balance sheet for Shell Investments.
Hans wants to buy a bond that will mature to 5500 in seven years. How much should he pay for the bond now if it earns interest at a rate of 2% per year, compounded continuously? Do not round any intermediate computations, and round your answer to the nearest cent.
Total spending in the economy is calculated as: C+I+G+(X-M). Y-C-I. C+I+G+(M-X). Y-I-G-N X
Healthy Gum Demand Schedule Price (P) Quantity (Q) 1 10 2 8 3 6 4 4 5 2 The table above shows the demand for gum faced by Healthy Gum Company. Determine which price will provide the highest total revenue. What is the maximum revenue at this price? Provide your answer below: P= , Maximum Revenue =
Inventory turnover is defined as A. (total inventory investment/total assets) × 100. B. inventory investment / (annual cost of goods sold / 52 weeks). C. cost of goods sold / inventory investment. D. (total assets / total inventory investment) × 100.
Sales activities include: (Check all that apply.) production workers assembling products. direct materials. finished goods inventory. selling finished products.
A car rental agency rents 180 cars per day at a rate of 39 dollars per day. For each 1 dollar increase in the daily rate, 4 fewer cars are rented. (a) If x is the number of cars rented in a day, and p is the daily rental price per car, what is the price-demand equation (assuming it is linear)? p= (b) What is the daily revenue function for the agency? (Hint: Revenue is the product of the price per item and the number of items.) R(x)= (c) How many cars should be rented to maximize daily revenue? cars (d) What is the maximum daily revenue for the agency? (e) What daily rental price should the agency charge to maximize daily revenue?
The demand for a product is given by x=F(p)=1840/(5+ln (2+p)). If p=30, determine E and interpret the results.
The table shows the movement of a stock for 30 randomly selected trading days. "Up" means the stock price increased in value for the day, "Down" means the stock price decreased in value for the day, and "No change" means the stock price closed at the same price it closed for the previous day. Complete parts (a) through (e) (i) Click the icon to view the table of data. Down 0.367 No change 0.167 Up 0.467 (Round to three decimal places as needed.) (c) Construct a frequency bar graph. Choose the correct graph below. A. B. C. D.
Joe and Pam are neighbors. Joe asks Pam to drive him to the airport. Before leaving, Joe pays for Pam to fill her car's gas tank at the local gas station. Joe's trip to the airport would be Multiple Choice - counted in GDP because Joe and Pam represent different households. - counted in GDP because Joe purchased the gas. - not counted in GDP because the trip does not involve any formal market transactions. - not counted because nothing was actually produced.
Janelle Heinke, the owner of Ha'Peppas!, is considering a new oven in which to bake the firm's signature dish, vegetarian pizza. Oven type A can handle 22 pizzas an hour. The fixed costs associated with oven A are 22,500 and the variable costs are 2.50 per pizza. Oven B is larger and can handle 44 pizzas an hour. The fixed costs associated with oven B are 30,000 and the variable costs are 1.00 per pizza. The pizzas sell for 12.00 each. a) The break-even point in units for oven type A= units (round your response to the nearest whole number).
If the real interest rate is 4%, and the inflation rate is 1%, then the nominal interest rate is qquad %.
The paper currencies of the U.S. are also called Federal Reserve notes. Treasury bills. U.S. government notes. Treasury bonds.
Choose the formula that is used to find the test statistic for a mean when the population standard deviation is unknown. t = (x̄ - μ) / (s / √n) z = (x̄ - μ) / (θ / √n) z = (x̄ c - μ1) / (b / √n) z = (χ - μ) / σ
3. A phone company has a monthly cellular data plan where a customer pays a flat monthly fee of 10 and then a certain amount of money per megabyte (MB) of data used on the phone. If a customer uses 20 MB, the monthly cost will be 11.20. If the customer uses 130 MB, the monthly cost will be 17.80. (10 points) a) Find a linear equation for the monthly cost of the data plan as a function of x, the number of MB used. b) Use your equation to find the total monthly cost if 250 MB are used.
A firm has the marginal-demand function D'(x)=-1400x/sqrt(25-x^2), where D(x) is the number of units sold at x dollars per unit. Find the demand function given that D=11,000 when x=3 per unit. The demand function is D(x)=
New York State's "Quick Draw" lottery moves right along. Players choose between 1 and 10 numbers from the range 1 to 80; 20 winning numbers are displayed on a screen every four minutes. If you choose just one number, your probability of winning is 20/80, or 0.25. Lester plays one number ten times as he sits in a bar. What is the probability that all ten bets lose? Give your answer to four decimal places.
When aggregate demand falls too much, to increase aggregate demand, we can use monetary policy.
The nominal interest rate is the real interest rate minus the inflation rate. True False
Would you prefer a savings account that paid 7% interest compounded quarterly, 6.8% compounded monthly, 7.2% compounded weekly, or an account that paid 7.5% with annual compounding?
Assume that Country A's economy is at equilibrium point E0. Only the shifts and equilibrium points shown in the following AD/AS diagram are possible. There is an increase in the prices of inputs that are widely used in production, while other components of aggregate demand and supply remain unchanged. What is the new equilibrium? Select the best answer. E6 E2 E3 E8
For the car loan described, give the following information. A newspaper advertisement offers a 4,000 used car for nothing down and 36 easy monthly payments of 147.62. (a) amount to be paid (b) amount of interest (c) interest rate (Round your answer to two decimal places.) % (d) APR (rounded to the nearest tenth of a percent) %
You would like to start a new business providing Internet service and need to estimate the average Internet usage of households during one week for your business plan. How many households must you select to be 95 percent sure that the sample mean is within one minute (E=1) of the population mean? Assume a previous survey of household usage has shown that sigma = 6.95 minutes.
Question 11, 8.5.15 Part 1 of 2 a. Use the appropriate formula to determine the periodic deposit. b. How much of the financial goal comes from deposits and how much comes from interest? Periodic Deposit, Rate, Time, Financial Goal ? at the end of each month, 7.75% compounded monthly, 45 years, 1,500,000 a. The periodic deposit is 1,245.
Sunshine Blender Company sold 7,000 units in October at a sales price of 50 per unit. The variable cost is 15 per unit. Calculate the total contribution margin. (Select the closest one) (A) 50,000 (B) 100,000 (C) 150,000 (D) 200,000 F) 250,000
Learning - Courses 2.4.2 Test (CST): Savings and Investing Question 15 of 20 Which statement describes a benefit of starting to save for retirement early? A. Tax rates will increase over time, so the sooner you invest, the less you will pay in taxes. B. Compounding interest means the longer you save, the more money your investment will earn. C. The longer you own stocks, the more money the stocks will earn. D. The value of your investments will always increase over time. SUBMIT PREVIOUS
Which forecasting method assumes that next period's forecast is equal to this period's actual value? A) Naive B) Ignorant C) Simple mean D) Nescient E) Basic
To file your taxes, you need to start by collecting all the necessary documents. Which answer selection is the best describing what is needed? A record of your income and receipts for any deductions you want to claim Receipts of all purchases that you made in the past year Spreadsheets of all banking and investing accounts that you have A record of stocks and bonds that you bought in the past year
Matt is an independent contractor in 2023-Matt attends a professional meeting and two days vacationing before the meeting. Matt's total expenses for the entire five days include the following: Requirement a. How much can Matt deduct for business-related expenses for 2023? (Complete all input fields. Enter a " 0 " for any zero amounts.) Airfare Meals Hotel Entertainment of customers (business is discussed) Expenses Airfare to and from LA Meals (68 per day) Total Airfare to and from LA 500 Meals ( 68 per day) 340 Hotel (110 per day) 550 Entertainment of customers (business is discussed) 450 Total 1,840
Multiple Choice An individual participant personally received eligible rollover funds from a profit-sharing plan. What is the income tax withholding requirements for this transaction? A. 20% is withheld for income taxes B. 30% is withheld for income taxes C. 10% is withheld for income taxes D. Nothing is withheld
RunningUpThatHill, Inc. manufactures running shoes that are all sold at the same price. Suppose the firm is currently selling 1,000 pairs of running shoes per month. The following data pertains to this firm: - Per pair of running shoes: Per month: - Selling price: 119.00 - Manufacturing costs: - Variable Manufacturing costs 51.00 - Fixed Manufacturing costs 21,800 - Non-manufacturing costs: - Variable selling and administrative costs 4.00 - Fixed selling and administrative costs 17,300 The break-even point (BEP) in units (rounded up to the nearest whole unit) is: a. 321 b. 575 c. 611 d. 711 e. N.O.T.A.
On February 1, the balance in your account is 458.93. On July 1, you deposit 321.27. Your bank pays 5.3% interest that is calculated on the last day of the month. What is the amount in your account on July 1, after your deposit?
1. The price elasticity of demand measures a. buyers' responsiveness to a change in the price of a good. b. the extent to which demand increases as additional buyers enter the market. c. how much more of a good consumers will demand when incomes rise. d. the movement along a supply curve when there is a change in demand.
Hardware Incorporated uses a periodic inventory system and the weighted average method. The company began the year with 150 large brass switch plates on hand at a cost of 4.00 each. Purchases of switch plates during the year were as follows: Date of Transaction Quantity Received Unit Cost May 7 200 4.20 June 11 200 4.40 November 22 250 4.80 The switch plates sell for 7.00 each. If Hardware sells 570 switch plates during the year, what is the company's cost of goods sold?
Indicate where the purchase of land and a building with a mortgage would appear, if at all, on the statement of cash flows. Operating activities section Does not represent a cash flow Financing activities section Investing activities section
With current technology, suppose a firm is producing 800 loaves of banana bread daily. Also assume that the least-cost combination of resources for producing those loaves is 6 units of labor, 5 units of land, 4 units of capital, and 1 unit of entrepreneurial ability, selling at prices of 40, 60, 60, and 20, respectively. Assume the firm can sell these 800 loaves at 1 per unit. What is the firm's total revenue? What is its total cost? Calculate the amount of economic profit or loss. Will it continue to produce banana bread? If this firm's situation is typical for the other makers of banana bread, will resources flow toward or away from this bakery good?
Select the correct answer. A company is struggling to finish the required accounting work for its financial year-end. The employees are unwilling to stay late to complete the work. If the company does not complete its work, it will be in serious trouble. So, the managers decide to pay the staff a bonus for every hour they stay during this period. After the employees worked extra hours for a few days, the work was completed and everyone was happy. What was the incentive for the employees in this scenario? A. job satisfaction B. money C. Company profits D. promotion E. job completion
On January 1, 2024, you are considering making an investment that will pay 4 annual payments of 8,000. The first payment is not expected until December 31, 2026. You are eager to earn 5%. What is the present value of the investment on January 1, 2024?
Cash outflows from financing activities occur due to increases in: common stock. treasury stock. short-term notes payable. cash dividends.
Refer to the following table. What was the approximate output gap in 1974 ?
Price ( per bottle) 4.00 3.00 2.50 2.00 1.00 Quantity of bottles (millions) increases by 0.50 increases by 1.00 decreases by 1.00 decreases by 0.50 As a result of it, as shown above, the price that buyers pay Demand Old supply New supply
For Sheridan Co., beginning capital balances on January 1, 2022, are Nancy Payne 24,000 and Ann Dody 20,300. During the year, drawings were Payne 8,400 and Dody 4,700. Net income was 25,700, and the partners share income equally. Prepare the partners' capital statement for the year. (List items that increase partners' capital first.) Prepare the owners' equity section of the balance sheet at December 31, 2022.
Consider the hypothetical trade data presented in the table. Notion Imports Exports () Mexico 100 120 Honduras 100 0 Belize 0 0 Panama 30 30 a. Given the data presented in the table, which countries have open economies? - Belize - Honduras - Mexico - Panama b. Which country is running a trade surplus? - Mexico - Honduras - Panama - Belize
A producer wants to increase the amount of time its sales reps spend on supporting activities. It also wishes to keep its sales reps motivated and aggressive, without completely removing income security. Which payment plan should the firm use?
Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,400 pounds of oysters in August. The company's flexible budget for August appears below: Quilcene Oysteria Flexible Budget For the Month Ended August Actual pounds (q) 7,400 Revenue ( 4.10 q ) 30,340 Expenses: Packing supplies ( 0.35 q ) 2,590 Oyster bed maintenance ( 3,200 ) 3,200 Wages and salaries ( 2,200+ 0.30 q) 4,420 Shipping (0.80q) 5,920 Utilities ( 1,220) 1,220 Other (510 + 0.01q) 584 Total expense 17,934 Net operating income 12,406 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,400 Revenue 26,900 Expenses: 2,760 Packing supplies 3,060 Oyster bed maintenance 4,830 Wages and salaries 5,650 Shipping 1,030 Utilities 1,204 Other 18,534 Total expense 8,366 Net operating income Required: Calculate the company's revenue and spending variances for August. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.
To borrow money, you pawn your guitar. Based on the value of the guitar, the pawnbroker loans you 600. One month later, you get the guitar back by paying the pawnbroker 470. What annual interest rate did the pawnbroker charge? (Round to the nearest whole number as needed.)
Contain - It produces plastic storage bins for household storage needs. The company makes two sizes of bins: Large (50 gallon) and Regular (35 gallon). Demand for the product is so high that the company can sell as many of each size as it can produce. The same machinery is used to produce both sizes. The machinery is available for only 3,400 hours per period. The company can produce 12 Large bins every hour compared to 15 Regular bins in the same time. Fixed expenses amount to 120,000 per period. Sales prices and variable costs are as follows: 1. Which product should Contain - It emphasize? Why? 2. To maximize profits, how many of each size bin should the company produce? 3. Given this product mix, what will the company's operating income be? Costs - Regular Large Sales price per unit. 8.70 10.90 Variable cost per unit 3.20 4.10
Which of the following accurately describes the relationship between mortgage default rates and the 2008 recession? a) The recession of 2008 triggered the initial increase in the mortgage default rate. b) The rise in the mortgage default rate preceded the recession and it was a major cause of the 2008 economic downturn. c) Both the increase in the mortgage default rate and the economic recession were the result of the stock market crash of 2008. d) The rise in the mortgage default rate and the economic recession were separate issues and there was no relationship between the two.
The loan below was paid in full before its due date. (a) Obtain the value of h from the annual percentage rate table. Then (b) use the actuarial method to find the amount of unearned interest, and (c) find the payoff amount. Regular Monthly Payment 433.49 APR Table Annual Percentage Rate (APR) for Monthly Payment Loans Number of Monthly Payments (n) 4.0% 4.5% 5.0% 5.5% 6.0% 6.5% Annual Percentage Rate (APR) 10.0% 10.5% 11.0% 11.5% 12.0% 7.0% 7.5% 8.0% 8.5% 9.0% 9.5% 6 1.17 1.32 1.46 1.61 1.76 1.90 2.05 2.20 2.35 2.49 2.64 2.79 2.94 3.08 3.23 3.38 3.53 12 2.18 2.45 2.73 3.00 3.28 3.56 3.83 4.11 4.39 4.66 4.94 5.22 5.50 5.78 6.06 6.34 6.62 18 3.20 3.60 4.00 4.41 4.82 5.22 5.63 6.04 6.45 6.86 7.28 7.69 8.10 8.52 8.93 9.35 9.77 24 4.22 4.75 5.29 5.83 6.37 6.91 7.45 8.00 8.55 9.09 9.64 10.19 10.75 11.30 11.86 12.42 12.98 30 5.25 5.92 6.59 7.29 7.94 8.61 9.30 9.98 10.66 11.35 12.04 12.74 13.43 14.13 14.83 15.54 16.24 36 6.29 7.09 7.90 8.71 9.52 10.34 11.16 11.98 12.81 13.64 14.48 15.32 16.16 17.01 17.86 18.71 19.57 48 8.38 9.46 10.54 11.63 12.73 13.83 14.94 16.06 17.18 18.31 19.45 20.59 21.74 22.90 24.06 25.23 26.40 60 10.50 11.86 13.23 14.61 16.00 17.40 18.81 20.23 21.66 23.10 24.55 26.01 27.48 28.96 30.45 31.96 33.47
Suppose a mutual fund qualifies as having moderate risk if the standard deviation of its monthly rate of return is less than 5%. A mutual-fund rating agency randomly selects 25 months and determines the rate of return for a certain fund. The standard deviation of the rate of return is computed to be 4.48%. Is there sufficient evidence to conclude that the fund has moderate risk at the α=0.10 level of significance? A normal probability plot indicates that the monthly rates of return are normally distributed. What are the correct hypotheses for this test? The null hypothesis is H0: 0.05. The alternative hypothesis is H1: ≠ 0.05 Calculate the value of the test statistic. χ0^2= (Round to two decimal places as needed.)
To help pay for college, you worked part-time at a local restaurant, earning 14,000 in wages and tips. Use the following information to complete parts (a) through (c). Employee's Rates Matching Rates Paid by the Employer Self-Employed Rates 7.65% on first 142,800 of income 7.65% on first 142,800 paid in wages 15.3% on first 142,800 of net profits 1.45% of income in excess of 142,800 1.45% of wages paid in excess of 142,800 2.9% of net profits in excess of 142,800 a. Calculate your FICA taxes. The FICA taxes are 1071.00. (Round to the nearest cent as needed.) b. Calculate your income tax. Assume you are single with no dependents, have no adjustments or tax credit, and you take the standard deduction. The income tax is . (Round to the nearest cent as needed.)
Consider a credit card with a balance of 8000 and an APR of 16.99%. In order to pay off the balance in 3 years, what monthly payment would you need to make? Round your answer to the nearest cent, if necessary.
You are given the sample mean and the population standard deviation. Use this information to construct the 90% and 95% confidence intervals for the population mean. Interpret the results and compare the widths of the confidence intervals. If convenient, use technology to construct the confidence intervals. A random sample of 40 home theater systems has a mean price of 135.00. Assume the population standard deviation is 17.80. The 90% confidence interval is (130.37, 139.63). (Round to two decimal places as needed.) Construct a 95% confidence interval for the population mean. The 95% confidence interval is (129.48, 140.52). (Round to two decimal places as needed.) Interpret the results. Choose the correct answer below. A. With 90% confidence, it can be said that the population mean price lies in the first interval. With 95% confidence, it can be said that the population mean price lies in the second interval. The 95% confidence interval is narrower than the 90%. B. With 90% confidence, it can be said that the population mean price lies in the first interval. With 95% confidence, it can be said that the population mean price lies in the second interval. The 95% confidence interval is wider than the 90%. C. With 90% confidence, it can be said that the sample mean price lies in the first interval. With 95% confidence, it can be said that the sample mean price lies in the second interval. The 95% confidence interval is wider than the 90%.
QUESTION 1 A French company sells goods to a foreign customer whose currency is depreciating against the euro. Which of the following will the company most likely experience when completing the sale? The company will recelve fewer euros if the sales price was expressed in euros originally. The company will recelve more euros if the sales price was expressed in euros originally. The company will recelve more euros if the sales price was expressed in the buyer's currency. The company will recelve fewer euros if the sales price was expressed in the buyer's currency.
Question 25 3.33 Points The accounting equation for Kangaroo Enterprises is as follows: Assets = Liabilities + Stockholders' equity. 240,000 = 120,000 + 120,000 If the company now purchases office equipment on account for 20,000, the accounting equation will change to: (A) 260,000 = 140,000 + 120,000 (B) 240,000 = 120,000 + 120,000 (C) 260,000 = 132,000 + 128,000
Suppose 48% of the population has a retirement account. If a random sample of size 632 is selected, what is the probability that the proportion of persons with a retirement account will differ from the population proportion by greater than 3%? Round your answer to four decimal places.
Question 9 of 20 Step 1 of 1 01:15:31 The mean per capita income is 16,127 dollars per annum with a variance of 682,276. What is the probability that the sample mean would be less than 16219 dollars if a sample of 476 persons is randomly selected? Round your answer to four decimal places.
A rare employee transited 8980 on this credit card to execute for his first job. After noticing that the interest rate for his balance was 15% compounded monthly, he stopped charging anything else on the card. If it takes 3 years using automatic payments setup at the end of each month to pay off his balance, what was the amount of each payment? a. What monthly payment must he make to pay off the account at the end of 3 years? b. How much total interest will he have paid? (Round to the nearest cent as needed.)
Multiple Select Question Select all that apply Financing receivables can be done by (Select all that apply.) - transferee approach. - contra receivables approach. - secured borrowing. - sale of receivables.
Complete the following table to summarize your results from the previous two graphs. With Free Trade (Dollars) With a Tariff (Dollars) Consumer Surplus Producer Surplus Government Revenue 0
The accounts that represent the resources of the company are called: Multiple Choice Expenses. Liabilities. Assets. Revenues
Lamar wants to save money to open a tutoring center. He buys an annuity with a yearly payment of 333 that pays 3.3% interest, compounded annually. Payments will be made at the end of each year. Find the total value of the annuity in 9 years. Do not round any intermediate computations, and round your final answer to the nearest cent. If necessary, refer to the list of financial formulas.
Suppose that Apple decides to release a scaled-down, less expensive Iphone to developing economies. The company is unsure if this venture will be successful or not. The success of the project will impact shareholder return. An analyst for PJ Morton has projected the following outcomes: OUTCOME Stock Return Probability Success 15.00 % 0.60 Failure -10.00 % 0.40 What is the standard deviation or risk of this venture? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24 %, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))
Number of Farms A random sample of the number of farms (in thousands) in various states follows, Estimate the mean number of farms per state with 97% confidence, Assume σ=31, Use a graphing calculator and round the answers to one decimal place. Assume the population is normally distributed, 79 80 48 16 68 7 15 21 52 6 78 109 40 50 29 44
Select the statement below that corresponds to the business cycle. Happens between expansions and recessions Happens between recessions and expansions Process of expansion and contraction of the GDP Shows only the periods of economic decline
A gym offers a membership for 50 to join and 15 per month. Each month, members can attend unlimited fitness classes. Using x as the independent variable, and y as the dependent variable, write an equation that represents the total cost of belonging to the gym for a number of months.
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.
Suppose you're offered the following three accounts to invest 10,000 for 10 years: 12% simple interest, 7% interest compounded monthly, and an annuity with quarterly payments of 250 at 12% interest compounded quarterly. Which is the best choice? Round your answers to the nearest cent. The future value of 10,000 using 12% simple interest is 22,000.00. The future value of 10,000 using 7% interest compounded monthly is .
Calculate the future value. a. Use the compound interest formula, FV = PV(1+i)^N, to find the future value of the current amount in the investment. After 10 years, the 33,000.00 will grow to b. Determine the annuity type. - Ordinary Simple Annuity - Ordinary General Annuity - Simple Annuity Due - General Annuity Due c. Identify the following pieces of information to be used to calculate the future value of the annuity. Periodic Payment: PMT = 1300 Number of Payments per Year: PY = 12 Total Number of Payments: N = 120 Annual Interest Rate: r = 0.062 Number of Compoundings per Year: CY = 2 d. Determine the total future value of the investment (incorporating your answer from part a above).
The approximate Z-score that corresponds to a right tail area of 0.20 is (Round to two decimal places as needed.)
You deposit 400 each month into an account earning 7% interest compounded monthly. a) How much will you have in the account in 25 years? b) How much total money will you put into the account? c) How much total interest will you earn?
SAT scores: A college admissions officer takes a simple random sample of 100 entering freshmen and computes their mean mathematics SAT score to be 469. Assume the population standard deviation is σ=119. Part 1 of 4 (a) Construct a 99.5% confidence interval for the mean mathematics SAT score for the entering freshman class. Round the answer to the nearest whole number. A 99.5% confidence interval for the mean mathematics SAT score is 436.0 μ<502.0 . Part 2 of 4 (b) If the sample size were 120 rather than 100, would the margin of error be larger or smaller than the result in part (a)? Explain. The margin of error would be smaller, since an increase in the sample size will decrease the standard error. Part 3 of 4 (c) If the confidence levels were 99.8% rather than 99.5%, would the margin of error be larger or smaller than the result in part (a)? Explain. The margin of error would be (Choose one) larger since (Choose one) in the confidence level will (Choose one) the (Choose one)
Question 6, 5.3.15 HW Score: Part 1 of 3 Points: Suppose a credit card was used to make a 7500 purchase at 17.4% interest with a monthly payment of 186. Complete the following. (a) Calculate the time it will take to pay off the debt making only the given payment each month (b) Calculate the total interest paid. (c) Find the amount of money saved over the lifetime of the debt if twice the amount of the given monthly payment is paid each month. (a) If only the given payment is made each month, it will take payments to pay off the debt (Round up to the nearest integer as needed.)
Required information [The following information applies to the questions displayed below.] BMX Company has one employee. FICA Social Security taxes are 6.2% of the first 137,700 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first 7,000 paid to its employee. Gross Pay through August 31 Gross Pay for September --------- a. 5,300 2,600 b. 2,800 2,900 c. 132,200 8,800 Compute BMX's amounts for each of these four taxes as applied to the employee's gross earnings for September under each of three separate situations (a), (b), and (c). Note: Round your answers to 2 decimal places.
Question 7 (Mandatory) ( 0.6 points) Suppose televisions are a normal good and buyers of televisions experience a decrease in income. As a result, consumer surplus in the television market a) decreases. b) is unchanged. c) may increase, decrease, or remain unchanged. d) increases.
Suppose that you earned a bachelor's degree and now you're reaching high school. The school district offers teachers the opportunity to take a year off to earn a master's degree. To achieve this goal, you deposit 2500 at the end of each year in an annuity that pays 6.25% compounded annually. a. How much will you have saved at the end of 5 years? b. Find the earnings on the investment.
Which of the following questions is NOT needed before deciding how and when to make a major purchase? Do I have the cash I need for the down payment? Does the purchase fit my budget? Could I postpone the purchase? Could I use the credit I need for this purchase in some better way? All of these questions should be considered.
Amanda and her husband are each starting a saving plan. Amanda will initially set aside 650 and then add 165 every month to the savings. The amount A (in dollars) saved this way is given by the function A=650+165N, where N is the number of months she has been saving. Her husband will not set an initial amount aside but will add 385 to the savings every month. The amount B (in dollars) saved using this plan is given by the function B=385N. Let T be total amount (in dollars) saved using both plans combined. Write an equation relating T to N. Simplify your answer as much as possible.
An employee is 25 years old and starting a 401 k plan. The employee is going to invest 150 each month. The account is expected to earn 5.5% interest, compounded monthly. What is the account balance, rounded to the nearest dollar, after two years? A spreadsheet was used to calculate the correct answer. Your answer may vary slightly depending on the technology used. 3,976 3,796 6,675 6,765
You deposit 4000 in an account earning 2% interest compounded monthly. How much will you have in the account in 15 years? Round to the nearest penny.
A sample of 36 cans of regular Coke produced a mean weight of 0.8168 pounds. A sample of 36 cans of regular Pepsi produced a mean weight of 0.8241 pounds. Coca-Cola reports that standard deviation for the weight of all cans of regular Coke is known to be 0.0075 pounds and Pepsi-Co reports that the standard deviation for the weight of all cans of regular Pepsi is known to be 0.0057 pounds. Construct a 99% confidence interval for the difference between the mean weights of regular Coke and regular Pepsi.
Question 24 The direct and indirect methods results in identical amounts for net cash provided or used by operating activities. True. False. Question 25 The sale of equipment would be reported in the activities section of the statement of cash flows. operating. owner's. financing. investing.
An analyst has determined that the appropriate EV/EBITDA for Rainbow Company is 10.2. The analyst has also collected the following forecasted information for Rainbow Company: EBITDA = 22,000,000 Market value of debt = 56,000,000 Cash = 1,500,000 The value of equity for Rainbow Company is closest to: A. 169,000,000. B. 224,000,000. C. 281,000,000.
Question 7 (1 point) Communication apprehension refers to a fear or anxiety toward certain communication situations. a) True b) False Question 8 (1 point) If someone has high communication apprehension, there is a good chance that they will also display interaction avoidance. True False
Crane Company discovered the following errors made in January 2027. 1. A payment of Salaries and Wages Expense of 360 was debited to Equipment and credited to Cash, both for 360. 2. A collection of 5,200 from a client on account was debited to Cash 520 and credited to Service Revenue 520. 3. The purchase of equipment on account for 350 was debited to Equipment 530 and credited to Accounts Payable 530. (a) Correct the errors by reversing the incorrect entry and preparing the correct entry. 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. No. Account Titles and Explanation Debit Credit 1. (To reverse the incorrect entry) (To record the correct entry) 2. (To reverse the incorrect entry)
A complete desktop computer costs 965. A replacement monitor costs 238, a replacement hard drive costs 260, a replacement outer case costs 145, labor to repair it costs 77, and shipping it to and from a repair center costs 41. A full warranty, which covers the entire cost of repairing the computer, is 35% of the purchase price. A limited warranty, which only covers internal parts and labor, costs 11% of the purchase price. If the computer tower is damaged, requiring a new hard drive, new case, labor, and shipping, which warranty will be the better deal, and by how much? a. The limited warranty will end up costing the consumer 190.60 less. b. The limited warranty will end up costing the consumer 45.60 less. c. The full warranty will end up costing the consumer 317.10 less. d. The full warranty will end up costing the consumer 192.40 less. Please select the best answer from the choices provided A B C
Advice from most financial advisers states to spend no more than 28% of one's gross monthly income for one's mortgage payment, and to spend no more than 36% of one's gross monthly income for one's total monthly debt. Suppose a family has a gross annual income of 45,600. a. What is the maximum amount the family should spend each month on a mortgage payment? b. What is the maximum amount the family should spend each month for total credit obligations? c. If the family's monthly mortgage payment is 60% of the maximum they can afford, what is the maximum amount they should spend each month for all other debt? a. The maximum monthly mortgage payment should be b. The maximum monthly total credit obligations should be . c. The maximum amount they should spend monthly on all other debt is
According to a survey in a country, 32% of adults do not own a credit card. Suppose a simple random sample of 400 adults is obtained. Complete parts (a) through (d) below. (a) Describe the sampling distribution of p̂, the sample proportion of adults who do not own a credit card. Choose the phrose that best describes the shape of the sampling distribution of pbelow. A. Not normal because n ≤ 0.05 N and np(1-p)<10 B. Not normal because n ≤ 0.05 N and np(1-p) ≥ 10 C. Approximately normal because n ≤ 0.05 N and np(1-p)<10 D. Approximately normal because n ≤ 0.05 N and np(1-p) ≥ 10 Determine the mean of the sampling distribution of p̂. μp= (Round to two decimal places as needed.) Determine the standard deviation of the sampling distribution of p̂. σp̂= (Round to three decimal places as needed.) (b) What is the probability that in a random sample of 400 adults, more than 34% do not own a credit card? The probability is (Round to four decimal places as needed.) Interpret this probability. If 100 different random samples of 400 adults were obtained, one would expect to result in more than 34% not owning a credit card. (Round to the nearest integer as needed.)
In a market with an upward sloping supply curve and a downward sloping demand curve, when the actual price must be higher than the equilibrium price, there will be Select one: a. excess demand. b. excess supply. c. an increase in the price. d. quantity higher than the equilibrium quantity
In economics, firms are assumed to maximize profits. consumer satisfaction. output prices. the quantity of production.
Multiple Choice Question Suppose the market for marshmallows is perfectly competitive, and marshmallows sell for 3 per bag. For a firm that produces marshmallows, what's the marginal revenue from selling a bag of marshmallows? Greater than 3 3 Less than 3
Question 38 Which set of changes is definitely predicted to lower Real GDP in the short run? A The money supply rises and labor productivity rises. (B) The U.S. dollar depreciates and wage rates fall. (C) The U.S. dollar appreciates-and labor productivity rises. (D) Foreign real national income falls and wage rates rise.
2. (2점) 어떤 보험회사에서 올해부터 매년말 1,000 만원씩 10 년 동안 보험료를 불입하면, 완납 다음 해부터 이 보험회사에서 가입자에게 연말에 1,000 만원씩을 영구히 지급하겠다는 광고방송이 나갔다고 하자. 이 때, 이러한 광고내용이 공정한 거래가 되기 위해서는 이자율이 얼마가 되어야 하겠는가?
Assume that a leader country has real GDP per capita of 80,000, whereas a follower country has real GDP per capita of 40,000. Next suppose that the growth of real GDP per capita falls to zero percent in the leader country and rises to 2 percent in the follower country. If these rates continue for long periods of time, how many years will it take for the follower country to catch up to the living standard of the leader country? Instructions: Enter your answer as a whole number. years
Multiple Select Question Select all that apply Q-mart failed to include inventory that was kept in a separate warehouse in its 12/31 end-of-the-period inventory count. Consequently, the ending inventory on 12/31 was understated on the balance sheet. Explain how this error affects the current year's income statement. - The current year's cost of goods sold will be too low. - The current year's cost of goods sold will be too high. - The current year's net income will be too low. - The current year's net income will be too high.
In one lottery game, contestants pick six numbers from 1 through 28 and have to match all six for the big prize (in any order). You'll get twice your money back if you match four out of six numbers. If you buy six tickets, what's the probability of matching four out of six numbers? If you buy six tickets, the probability of matching four out of six numbers is . (Enter your answer as a fraction in lowest terms.)
High-rent district: The mean monthly rent for a one-bedroom apartment without a doorman in Manhattan 2,674. Assume the standard deviation is 508. (a) What is the probability that the sample mean rent is greater than 2,744? Round the answer to at least four decimal places. The probability that the sample mean rent is greater than 2,744 is 0.2939
Luis has 160,000 in his retirement account at his present company. Because he is assuming a position with another company, Luis is planning to roll over his assets to a new account. Luis also plans to put 3500 / quarter into the new account until his retirement 25 years from now. If the new account earns interest at the rate of 9% / year compounded quarterly, how much will Luis have in his account at the time of his retirement? Hint: Use the compound interest formula and the annuity formula. (Round your answer to the nearest cent.)
polnternational Finance and the Kxchange Rate - Ead of Chapter Problem According to the graph, what happened to the value of the U.S. dollar (priced in yen) from 2013 to 2016? The U.S. dollar appreciated in value relative to the yen. The U.S. dollar did not change in value relative to the yen. The U.S. dollar depreciated in value relative to the yen. The yen appreciated in value relative to the U.S. dollar.
Homework Section 7.3 Question 2 of 10 (1 point) Question Attempt: 1 of Unlimited A sample of size 86 will be drawn from a population with mean 90 and standard deviation 24. Use the TI-83 Plus/TI-84 Plus calculator. Part 1 of 2 (a) Find the probability that x̄ will be less than 89. Round the answer to at least four decimal places. The probability that x̄ will be less than 89 is 0.1308.
(a) Find the least-squares regression line treating weight as the explanatory variable and miles per gallon as the response variable. ŷ = -0.000640 x + 411 (Round the x coefficient to five decimal places as needed. Round the constant to one decimal place as needed) (b) Interpret the slope and y-intercept, if appropriate. Choose the correct answer below and fill in any answer boxes in your choice. (Use the answer from part a to find this answer) A. For every pound added to the weight of the car, gas mileage in the city will decrease by mile(s) per gallon, on average. A weightless car will get miles per gallon, on average. B. A weightless car will get miles per gallon, on average. It is not appropriate to interpret the slope. C. For every pound added to the weight of the car, gas mileage in the city will decrease by mile(s) per gallon, on average. It is not appropriate to interpret the y-intercept. D. It is not appropriate to interpret the slope or the y-intercept.
Exam II - Chapters 4,5,6 i Which of the following is correct with respect to a bank reconciliation? Multiple Choice 58 Subtract interest earned from the bank's balance. Subtract the amount of a customer's NSF check from the company's balance. Add service fee to the company's balance. Add deposits outstanding to the company's balance.
Which of the following is not considered an effective cash management strategy? Multiple Choice Encouraging collection of receivables by offering discounts for early payments. Delaying payment of liabilities until the last possible day. Retaining excess cash for unexpected expenditures. Planning expenditures. Keeping only necessary assets.
Lamar deposits 7000 into an account that pays simple interest at an annual rate of 3%. He does not make any more deposits. He makes no withdrawals until the end of 2 years when he withdraws all the money. Answer the following questions. If necessary, refer to the underline list of financial formulas. (a) How much total interest will Lamar earn? 420 (b) What will the total amount in the account be (including interest)? 7420
In a survey of 18-year-old males, the mean weight was 165.3 pounds with a standard deviation of 45.8 pounds. Assume the distribution can be approximated by a normal distribution. (a) What weight represents the 94th percentile? (b) What weight represents the 48th percentile? (c) What weight represents the first quartile? (a) pounds (Round to one decimal place as needed.) (b) pounds. (Round to one decimal place as needed.) (c) pounds. (Round to one decimal place as needed.)
The probabilities are 0.15, 0.35, 0.2, and 0.3 that an investor will be able to sell a piece of property at a profit of 5,000, that he will be able to sell it at a profit of 3,000, that he will break even, or that he will sell it at a loss of 2,000. What is his expected profit?
You can afford monthly deposits of 300 into an account that pays 4.2% compounded monthly. How long will it be until you have 8,900 to buy a boat? Type the number of months: (Round to the next-higher month if not exact.)
Use the appropriate formula to find the value of the annuity. Find the interest. Periodic Deposit Rate Time 100 at the end of every six months 4.5% compounded semiannually 20 years The value of the annuity is 110. (Do not round until the final answer. Then round to the nearest dollar as needed.)
Your best friend consults you for investment advice. You learn that his tax rate is 35%, and he has the following current investments and debts: - A car loan with an outstanding balance of 5,000 and a 4.75% APR (monthly compounding) - Credit cards with an outstanding balance of 10,000 and a 14.93% APR (monthly compounding) - A regular savings account with a 30,000 balance, paying a 5.48% effective annual rate (EAR) - A money market savings account with a 100,000 balance, paying a 5.19% APR (daily compounding) - A tax-deductible home equity loan with an outstanding balance of 25,000 and a 4.92% APR (monthly compounding) a. Which savings account pays a higher after-tax interest rate? b. Should your friend use his savings to pay off any of his outstanding debts? The effective after-tax interest rate on the regular savings account is 3.56%. The effective after-tax interest rate on the money market savings account is 3.46%. So, the regular savings account pays a higher after-tax interest rate. The effective after-tax interest rate on the car loan is 4.85%. The effective after-tax interest rate on the credit cards is 15.99%.
Use PMT = P(r/n) / [1 - (1 + r/n)^(-nt)] to determine the regular payment amount, rounded to the nearest cent when a home is financed with a 140,000 30-year fixed-rate mortgage at 3.5%. a. Find the monthly payments and the total interest for the loan. b. Prepare a loan amortization schedule for the first three months of the mortgage. a. 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.) b. Fill out the loan amortization schedule for the first three months of the mortgage below.
A couple of weeks ago, your boss had a private conversation with you. She explained that the company's financial performance is poor, and the firm is looking at the possibility of layoffs. She then asked for you to help her determine whether positions in your division should be cut-and if so, which ones. After analyzing the situation, you believe that cutting jobs would almost certainly improve the company's profitability. However, several of the workers who are most likely to be cut are good friends, and you know they would suffer significant financial hardship if they lost their jobs. Your report to your boss is due tomorrow. It appears that you are facing an ethical dilemma.
Use the formula for the amount, A=P(1+rt), to find the indicated quantity. A= 924 ; P= 600 ; r=18 % ; t=? t= year(s) (Type an integer or a decimal.)
Consider a student loan of 17,500 at a fixed APR of 6% for 20 years. a. Calculate the monthly payment. b. Determine the total amount paid over the term of the loan. c. Of the total amount paid, what percentage is paid toward the principal and what percentage is paid for interest. a. The monthly payment is . b. The total payment over the term of the loan is . c. Of the total payment over the term of the loan, % is paid toward the principal and % is paid toward interest.
Question #4 Mr. Jordan's class is having a pizza party with the 100 they earned in a competition. A cheese pizza costs 10, and a pepperoni pizza costs 15. They must order at least 2 pepperoni pizzas. They also must order at least twice as many cheese pizzas as pepperoni pizzas. What is the greatest total number of pizzas Mr. Jordan's class can order?
Use the savings plan formula to answer the following question. Your goal is to create a college fund for your child. Suppose you find a fund that offers an APR of 4%. How much should you deposit monthly to accumulate 87,000 in 16 years? You should invest each month. (Do not round until the final answer. Then round to two decimal places as needed.)
Here are two ways of investing 20,000 for 20 years. Lump-Sum Deposit Rate Time 20,000 5% compounded annually 20 years Periodic Deposit Rate Time 1000 at the end of each year 5% compounded annually 20 years Use this information and the formulas A=P(1+r)^t and A=P[(1+r)^t-1]/r to complete parts a. and b. below. a. After 20 years, how much more will you have from the lump-sum investment than from the annuity? You will have approximately more from the lump-sum investment than from the annuity. (Round to the nearest dollar as needed.) b. After 20 years, how much more interest will be earned from the lump-sum investment than from the annuity? The interest earned on the lump-sum investment will be approximately more than the interest earned from the annuity.
Suppose that you borrow 17,000 for four 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.)
For the following stock investment, find (a) the total purchase price, (b) the total dividend amount, (c) the capital gain or loss, (d) the total return, and (e) the percentage return. Ignore broker and SEC fees. Number of shares Purchase price per share Dividend per share Sale price per share 40 60 6 132 (a) What is the total purchase price? square
Ages of Proofreaders At a large publishing company, the mean age of proofreaders is 36.2 years, and the standard deviation is 3.7 years. Assume the variable is normally distributed. Use a TI-83 Plus/TI-84 Plus calculator and round the final answers to at least four decimal places. If a proofreader from the company is randomly selected, find the probability that his or her age will be between 35.4 and 36.9 years. [ P(35.4<X<36.9)= ]
Need help? Click here to learn! A nursery has 500,000 cf of pumpkin plants that need to be moved in a (single) type of tree? dogwood trees what is the smallest amount you can invest in the 4% and 4.1% with interest (there is more risk in the 4.1% fund) Your goal is to obtain a total annual interest income of 500 from the investments. Solve this problem using the following steps: 1. Let x = the amount invested at 4% and y = the amount invested at 4.1% 2. Write an equation for the total amount invested: x + y = ? 3. Write an equation for the total annual interest: 0.04x + 0.041y = 500 4. Solve this system of equations 5. The question has several parts that must be completed sequentially. If you stop at any part of the question, you will not receive any points for this step.
Show the timeline from your perspective. (Select the best choice below.) A. Month B. Month C. Month D. Month 0 Cash Flow 1 2 2,000 2,000 2,000 3 4 4 (1.) 342 2,000 Which of the following loan timelines is from the bank's perspective? (Select the best choice below.) A. Month 0 2 1 4 3 1 2,000 Cash Flow 2,000 2,000 2,000 2,000 B. Month 0 1 2 4 xrightarrow360 2,000 Cash Flow -2,000 -2,000 -2,000 -2,000 -2,000 xrightarrow[- 2000]360 C. Month 0 1 2 3 4 -2,000 312
Identify the correct identity for the market for loanable funds in an open-economy macroeconomic model: In the open-economy macroeconomic model, the market for loanable funds identity can be written as S=1 S=I+NCO S+I=NCO none of the above are true.
How many journal entries are needed for the Bank Reconciliation?
On June 30, 2024, Georgio Motor Co. entered into a lease agreement with Incorporated Trust Agreement for lease payments of 530,475 over a 5-year lease term, plus the usual 3 months of rent-free (the lease commences on June 30, 2024). Georgio Motor Co. determines that its incremental borrowing rate is 6% to calculate lease payments amounts. Baldwin measured and the equipment at a cost of 2,517 million. Required: 1. What is the present value of the lease payments on June 30, 2024? 2. What amount related to the lease would Baldwin report in its balance sheet on December 31, 2024 (ignore taxes)? 3. What are the amounts related to the lease that Baldwin reports in its income statement for the year ended December 31, 2024 (ignore taxes)? Requirement: Round your intermediate calculations and your answers in whole dollars and not in millions. Round the intermediate calculation and final answer to the nearest whole dollar.
West Wind, Inc. has 5,000,000 shares of common stock outstanding with a market value of 60 per share. Net income for the coming year is expected to be 6,900,000. What impact will a three-for-one stock split have on the earnings per share and on the price of the stock?
Stocks X and Y have the following data. Assuming the stock market is efficient and the stocks are in equilibrium, which of the following statements is CORRECT? Price Expected dividend yield Required return X Y 25 25 5% 3% 12% 10% a. Stock X pays a higher dividend per share than Stock Y. b. One year from now, Stock X should have the higher price. c. Stock Y has the higher expected capital gains yield. d. Stock Y has a lower expected growth rate than Stock X. e. Stock Y pays a higher dividend per share than Stock X
Question 28 (2 points) You purchased shares in NewWeb.com for 9800. Three years later, you sold them for 6500. What was your annual return on this investment? Give the answer in percent notation rounded to the nearest tenth of a percent.
Paid 270 cash for freight charge on a recent purchase of inventory, terms FOB Shipping Point.
Use the 2021 marginal tax rates to compute the tax owed by the following individual. married filing separately with a taxable income of 158,000 The tax owed is
Quiz 2 (Chapters 4-6) Question 23 - Quiz 2 (Chapters 4 Assume the following information for a company that produced 10,000 units and sold 9,000 units during its first year of operations: Per Unit Per Year Selling price 200 Direct materials 81 Direct labor 50 Variable manufacturing overhead 9 Sales commission 8 Fixed manufacturing overhead 300,000 Using variable costing, what is the company's net operating income?
Select the option with the lowest unit price for soda. 30 cans at 15.49 12 cans 7.49 24 cans at 13.25 6 cans at 3.68
Suppose you want to have 400,000 for retirement in 35 years. Your account earns 6% interest. How much would you need to deposit in the account each month?
Multiple Choice Question Lambert had net sales of 72,000 and earns 3% on the first 40,000 of net sales, 4.5% on the next 20,000 and 5% on anything over 60,000. What are Lambert's commission earnings? 3,600 2,700 3,240
What drove the stock boom of the 1920s? Rising corporate profits Rising wages for the middle class The ability of investors to purchase stock with little money Rising wages for the working class
Because a monopoly is a price maker and prices its products in the elastic portion of the demand curve, its output is less than that required to achieve minimum average total cost. In addition, the monopoly's price will exceed its marginal cost at this level of output. Monopoly therefore creates - a revenue loss. - an efficiency loss. - greater efficiency. - a marginal loss.
A researcher is interested in estimating the average salary of teachers in a large urban school district. She wants to be 95% confident that her estimate is correct. If the standard deviation is 1050, how large a sample is needed to be accurate within 200? 124 115 98 106
In a random sample of five people, the mean driving distance to work was 18.3 miles and the standard deviation was 6.8 miles. Assume the population is normally distributed and use the t-distribution to find the margin of error and construct a 99% confidence interval for the population mean μ. Interpret the results. Identify the margin of error.
Suppose the civilian noninstitutionalized working-age population in Italy is 35.9 million. Of these, 4.6 million are working part-time, and 15.71 million are working full-time. Assume the Statistics Canada definitions are used in calculating unemployment data. Among those not working, 3.20 million last searched for a job less than two weeks ago, while 1.72 million last searched between two and four weeks ago. An additional 0.86 million last looked for work five weeks ago, and the remaining 9.81 million who are unemployed have not searched for work in the past six weeks. Round your answers to two decimal places. What is the size of the total labor force? million How many people are unemployed? million What is the labor force participation rate? % What is the unemployment rate? %
Suppose you have 1100 deposited at 2.55% compounded quarterly. About how long will it take your balance to increase to 2800? years Round your answer to the nearest tenth of a year
A researcher conducted a survey of Florida police departments and found that of the 18 departments sampled (N=18), there was a mean of 13.00 school resource officers (s=12.10). Construct a 95% confidence interval around the sample mean and interpret your results.
Credit scores range from 300 to with a higher score indicating 850, 1000, 500, 800,
Multiple Choice Question The rule of 72 : is useful to determine capital accumulation rates. is an accurate calculation of the years needed to double. does not provide answers that are 100% accurate related to the years needed to double. is so inaccurate it is rarely used.
At the end of the month, WorldWide Company has the following data from the production cost report of the Welding Department Using the weighted-average method, what is the cost of 1) ending work-in-progress 2) completed and transferred out (Round any intermediary calculations to the nearest cent.) The cost of ending work-in-process is The cost of completed and transferred out is Direct Materials, Conversion Equivalent Units-Completed and transferred out, 35,000, 35,000 Equivalent Units-Ending work-in-process, 7,000, 5,000 Total equivalent units, 42,000, 40,000 Total costs to account for:, 252,000, 580,000
(a) Assuming no withdrawals are made, how much money is in Scott's account after 3 years? (b) How much interest is earned on Scott's investment after 1 year?
Select all that apply Systematic withdrawals from a mutual fund may be made: by withdrawing a fixed percentage of the asset growth each period. in a specific dollar amount each investment period. by withdrawing in full of all assets in the investment account for each period. by selling off a specific number of shares each investment period.
Shareholders in mutual funds can receive a return on their investment in one of ways.
A pharmaceutical company receives large shipments of aspirin tablets. The acceptance sampling plan is to randomly select and test 43 tablets, then accept the whole batch if there is only one or none that doesn't meet the required specifications. If one shipment of 3000 aspirin tablets actually has a 6% rate of defects, what is the probability that this whole shipment will be accepted? Will almost all such shipments be accepted, or will many be rejected? The probability that this whole shipment will be accepted is (Round to four decimal places as needed.)
Given the principal in a bank at the beginning of a year and a rate of interest that is compounded annually, calculate the amount in the account at the end of the year. 7,000 ; 4.5 percent If interest is compounded annually, what is the amount of money after t=1 years? (Round to the nearest cent.)
In which situation is the firm most likely to maintain control of the marketing mix? - horizontal - layered - cooperative - indirect - direct
Nadia needs to borrow 6000 to pay for ocean cruise tickets for her family. She borrows from the credit union with 36 monthly payments of 187.16 each with an APR of 6.5%. What would Nadia save in interest if she paid in full at the time of the twenty-fourth payment and the credit union used the actuarial method for computing unearned interest? Nadia would save in interest. (Round to the nearest cent as needed.)
The credit card with the transactions described in the popup below uses the average daily balance method to calculate interest. The monthly interest rate is 1.4% of the average daily balance. Calculate parts a-d using the statement in the popup. a. Find the average daily balance for the billing period. Round to the nearest cent. The average daily balance for the billing period is 2054.29. (Round to the nearest cent as needed.) b. Find the interest to be paid on July 1, the next billing date. Round to the nearest cent. The interest to be paid on July 1 is 28.76. (Use the answer from part a to find this answer. Round to the nearest cent as needed.) c. Find the balance due on July 1. The balance due on July 1 is . (Use the answer from part b to find this answer.)
Use Figure: Short-Run Monopoly in the Market for Electricity. The profit-maximizing price is:
Suppose that on January 1 you have a balance of 5500 on a credit card whose APR is 15%, which you want to pay off in 1 year. Assume that you make no additional charges to the card after January 1. a. Calculate your monthly payments. b. When the card is paid off, how much will you have paid since January 1? c. What percentage of your total payment from part (b) is interest? a. The monthly payment is 461.65. (Do not round until the final answer. Then round to the nearest cent as needed.) b. The total paid since January 1 is . (Use the answer from part (a) to find this answer. Round to the nearest cent as needed.) c. The percentage of the total paid that is interest is %. (Use the answer from part (b) to find this answer. Round to one decimal place as needed.)
Suppose that Glitter Gulch, a gold mining firm, increased its sales revenues on newly mined gold from 90 million to 180 million between one year and the next. Instructions: Enter your answers as a whole number. a. Assuming that the price of gold increased by 100 percent over the same period, by what numerical amount did Glitter Gulch's real output change? percent b. If the price of gold had not changed, what would have been the change in Glitter Gulch's real output? million