Finance Homework Questions & Answers Archive

Suppose Santiago wants to buy a car. The dealer offers a financing package consisting of a 6% APR compounded monthly for a term of 7 years. Suppose Santiago wants his monthly payments to be at most 330. What is the maximum amount that he should finance? How much interest will he pay on the loan? a) The maximum amount Santiago should finance is . (Do not round until the final answer. Then round to the nearest dollar as needed.) b) The total paid for the car under these terms would be 27,720, including in total interest, (Use the answer from part a to answer part b. Write whole dollar answers.)

On September 7, the billing date, Verna had a balance due of 566.35 on her credit card. Assume that the interest rate is 1.1% per month. Suppose that Verna's bank uses the average daily balance method. Answer parts (a) through (d). Sept. 10 Payment 260.00 Sept. 23 Charge: Airline ticket 332.00 Sept. 24 Charge: Hotel bill 192.02 Oct. 1 Charge: Clothing 84.76 a) Determine Verna's average daily balance for the billing period from September 7 to October 7. The average daily balance for the billing period was . (Round to the nearest cent as needed.)

A credit card company determines a card holder's minimum monthly payment by adding all new interest to 1.5% of the outstanding principal. The credit card company charges an interest rate of 0.05545% per day. On November 10, a customer used his credit card to pay for the following business expenses: van repairs (996), equipment maintenance (487), office supplies (72), and dinner with clients (155). Use the given information and the rule that minimum payments are rounded up to the nearest dollar to answer parts a and b below. a. Assuming the card holder had no new interest, determine his minimum payment due on December 1, his billing date. The card holder's minimum payment due on December 1 is square.

Determine the effective annual yield for 1 invested for 1 year at 5% compounded quarterly. The effective annual yield is % (Round to the nearest hundredth.)

Calculate the commission that a sales person would earn if they received 4% commission on a car they sell for 36,000. Commission Amount = [?]

Multiple Cholce Questlon Refer to Table 6.3 Which type of manager is responsible for obtaining the money needed for the successful operation of the organization? Financial managers Administrative managers Marketing managers Production and operations managers

After a series discount of 10 / 11, a GPS had a net cost of 180.84. What is the list price? The list price of the GPS is 198.92.

Consumer Banker Association released a report showing the lengths of automobile leases for new automobiles. The results are as follows. Lease Length in Months Percent of Leases 13-24 13.3 % 25-36 34.9 % 37-48 31.0 % 49-60 20.2 % More than 60 0.6 % (a) Use the midpoint of each class, and call the midpoint of the last class 66.5 months, for purposes of computing the expected lease term. Also find the standard deviation of the distribution. (Round your answers to two decimal places.) expected lease term months standard deviation (b) Sketch a graph of the probability distribution for the duration of new auto leases.

Multiple Choice 5 points The written agreement that contains the specific details related to a bond issue is called the bond: registration statement. indenture. document. debenture. issue paper. Next

Suppose that a per-unit subsidy of 4 is imposed in this market. The total surplus of the oats market, after the subsidy, is equal to

The records of a casualty insurance company show that, in the past, its clients have had a mean of 1.9 auto accidents per day with a variance of 0.0016. The actuaries of the company claim that the variance of the number of accidents per day is no longer equal to 0.0016. Suppose that we want to carry out a hypothesis test to see if there is support for the actuaries' claim. State the null hypothesis (H0) and the alternative hypothesis (H1) that we would use for this test. (H0: square) (H1: square)

The price-demand function for the sale of yo-yos is: p=5-0.01x where p is the price of a yo-yo in dollars, and x is the demand for yo-yos at a price of p dollars. a. R'(280)= b. What are the correct units for R'(280)? Select an answer

Find the future value for the annuity due with the given rate. Payments of 14,000 for 13 years at 0.21% compounded monthly The future value of the annuity due is

7. In a perfectly competitive market, when would a firm leave a market in the long run? (a) When price is less than average total cost. (b) When price is above average total cost. (c) When price is less than average variable cost. (d) When price is less than marginal cost. (e) When marginal cost is less than average variable cost. 8. In a perfectly competitive market, when would a firm shut down in the short run? (a) When price is less than average total cost. (b) When price is above average total cost. (c) When price is less than average variable cost. (d) When price is less than marginal cost. (e) When marginal cost is less than average variable cost.

Find the periodic withdrawals PMT for the given annuity account. (Assume end-of-period withdrawals and compounding at the same intervals as withdrawals. Round your answer to the nearest cent.) 200,000 at 2%, paid out quarterly for 19 years PMT =

Find the savings plan balance after 4 years with an APR of 8% and monthly payments of 250. The balance is ... (Do not round until the final answer. Then round to the nearest cent as needed.)

Stocks A and B have a required return of 13%. Stock A has a capital gains yield of 8%. Stock B has a capital gains yield of 9%. Which stock has a higher dividend yield?

The rent on an apartment you like is 1650 per month. The monthly mortgage payment for a house you like would be 2000, of which approximately 1750 would go toward interest. Decide whether your monthly expense would be higher for the apartment or the house in the following cases. Assume you are single and assume the 2021 value of 12,550 for the standard deduction. Complete parts (a) and (b). a. You are in the 24% tax bracket, and besides the mortgage interest deduction, you also have deductible expenses of 4700 for charitable donations and 8700 for state and local taxes. It is cheaper to , with a monthly expense of . (Round to the nearest dollar as needed.)

Multiple Choice Which of the following statements about a noncancellable policy is FALSE? A. So long as the premiums are paid, the policy cannot be changed in anyway B. The premium rate CANNOT be increased over time C. Noncancellable provisions are most commonly found in disability income policies D. The premium rate CAN be increased over time Submit

The table below shows a summary of Martina's credit card statement for the month of May. Transaction types Amount Unpaid balance from April (Beginning balance on May 1) 1303.90 Payments made during the month of May 492.03 Purchases made during the month of May 288.15 Complete the parts below. Write your answer to the nearest cent. Answer Submitted: (a) Suppose the credit card company charges 1.6% monthly interest on the unpaid balance from April. How much interest will this be? 20.86 (b) What will Martina's unpaid balance be on her June 1 statement? (Assume that this balance will include the interest from part (a), but will not include any interest on her May balance yet.) 309.01

You buy a coffee maker at Best Buy. You are offered a warranty for 1 year that costs 15. If the coffee maker stops working within the warranty period, Best Buy will replace it. The cost of replacing the coffee maker is 80. The probability of product failure during the warranty period is 10%. Write the probability distribution table from the perspective of Best Buy.

The lengths of lumber a machine cuts are normally distributed with a mean of 86 inches and a standard deviation of 0.4 inch. (a) What is the probability that a randomly selected board cut by the machine has a length greater than 86.14 inches? (b) A sample of 40 boards is randomly selected. What is the probability that their mean length is greater than 86.14 inches? (a) The probability is (Round to four decimal places as needed.) (b) The probability is (Round to four decimal places as needed.)

Complete the following: Note: Do not round intermediate calculations. Round your answers to the nearest cent. Selling price Down payment Amount mortgage Rate Years Monthly payment First Payment Broken Down Into: Interest Principal Balance at end of month --- --- --- --- --- --- --- --- --- S 149,000 30,000 7.50% 30

A certain drug is used to treat asthma. In a clinical trial of the drug, 29 of 283 treated subjects experienced headaches (based on data from the manufacturer). The accompanying calculator display shows results from a test of the claim that less than 11% of treated subjects experienced headaches. Use the normal distribution as an approximation to the binomial distribution and assume a 0.01 significance level to complete parts (a) through (e) below. C. H0: p=0.11 D. H0: p ≠ 0.11 Decide whether to reject the null hypothesis. Choose the correct answer below. A. Reject the null hypothesis because the P-value is greater than the significance level, α. B. Fail to reject the null hypothesis because the P-value is less than or equal to the significance level, α. C. Fail to reject the null hypothesis because the P-value is greater than the significance level, α. D. Reject the null hypothesis because the P-value is less than or equal to the significance level, α. e. What is the final conclusion? A. There is sufficient evidence to support the claim that less than 11% of treated subjects experienced headaches. B. There is not sufficient evidence to support the claim that less than 11% of treated subjects experienced headaches. C. There is not sufficient evidence to warrant rejection of the claim that less than 11% of treated subjects experienced headaches. D. There is sufficient evidence to warrant rejection of the claim that less than 11% of treated subjects experienced headaches.

A data set includes 106 body temperatures of healthy adult humans having a mean of 98.7°F and a standard deviation of 0.66°F. Construct a 99% confidence interval estimate of the mean body temperature of all healthy humans. What does the sample suggest about the use of 98.6°F as the mean body temperature? What is the confidence interval estimate of the population mean μ ? °F<μ< °F (Round to three decimal places as needed.)

Assume that all interest is simple interest. A local miniature golf course owner must recarpet his fairways and replace the golf clubs his customers use. A bank will lend the owner the necessary 9000 at 9% interest over 108 months. A savings and loan company will lend the owner 9000 at 10% interest for 96 months. Which loan will be less expensive for the golf owner to assume? The total interest paid for the bank loan is 7. The total interest paid for the savings and loan company is 7. The loan from the bank is (Choose one) expensive than the loan from the savings and loan company. more less

To deposit a check using a mobile banking app, you have to upload pictures of your signed check.

The total interest that would be paid on the 35-year loan with a 23% down payment is .

Fill in each blank so that the resulting statement is true. The average daily balance for a credit card's billing period is divided by the . number of days in the billing period annual interest rate sum of the unpaid balances for each day in the billing period number of days in a year

MAT130 Worksheet 3.4 Name: Morgan Bork 1. Pick a program from the JC Estimated Cost by Program website:https://www.iccmi.edu/financial-aid/estimated-cost-by. program / state the program and the cost of the program. Program: Cost: 2. Calculate the interest that will accrue while you are in school. (Assume you complete your INTEREST RATES Loan Type First Disbursement Date Fixed Interest Rate Direct Subsidized Unsubsidized 07 / 01 / 23-06 / 30 / 24 5.50 % Direct PLUS 07 / 01 / 23-06 / 30 / 24 8.05 % Direct Subsidized Unsubsidized 07 / 01 / 22-06 / 30 / 23 4.99 % Direct PLUS 07 / 01 / 22-06 / 30 / 23 7.54 %

Determine the approximate monthly cost of spending 3.74 on coffee at least 5 times a week.

Complete the trend analysis for sales for year 3 : Note: Round to the nearest tenth percent. Year 4 Year 3 Year 2 Year 1 (Base year) 782,143 655,211 605,000 646,133 Multiple Choice 101.4% 109.3%

Kansas Enterprises purchased equipment for 60,000 on January 1,2024. The equipment is expected to have a five-year service life, with a residual value of 5,000 at the end of five years. Using the straight-line method, depreciation expense for 2024 would be: Multiple Choice 12,000 11,000 60,000 None of these

(a) Find the P - value for the test statistic z=-1.41 for the following null and alternative hypotheses: H0: The population mean is 50. Ha: The population mean is less than 50. The P - value is

The price of a condominium is 125,000. The bank requires a 5% down payment and one point at the time of closing. The cost of the condominium is financed with a 30-year fixed-rate mortgage at 10%. Use the following formula to determine the regular payment amount. Complete parts (a) through (e) below. PMT = P(r/n) / [1 - (1 + r/n)^(-nt)] a. Find the required down payment. 6250 b. Find the amount of the mortgage. 118,750 c. How much must be paid for the one point at closing? (Round to the nearest dollar as needed.)

A bus token costs 1.75. a. You spend 15.75 on tokens. Write and solve an equation to find how many tokens you purchase. 15.75 / 1.75 = T = 9 b. If you purchase 10 tokens, you get 2 free tokens. Write and solve an equation to find the approximate reduced price of each token when c. You also receive free tokens if you purchase 20 tokens. The reduced price for each token is 1.40. Write and solve an equation to find how many free tokens you receive when purchasing this special.

Colan invests 7300 in two different accounts. The first account paid 6%, the second account paid 4% in interest. At the end of the first year he had earned 396 in interest. How much was in each account? at 6% at 4%

This is the interest rate that banks charge on loans to their largest and most secure corporate borrowers. The Fed-Funds Rate The Corporate Rate The Prime Rate The Discount Rate

Krell Industries has a share price of 21.14 today. If Krell is expected to pay a dividend of 0.72 this year and its stock price is expected to grow to 24.07 at the end of the year, what is Krell's dividend yield and equity cost of capital? The dividend yield is %. (Round to two decimal places.)

Suppose that a country's annual growth rates over a 10-year period were as follows: Year Growth Rate 1 58 2 3 3 4 4 -1 5 -2 6 3 7 4 8 5 9 6 10 2 Instructions: In part a, round your answer to 1 decimal place. In parts b-c, enter your answers as a whole number. a. What was the country's trend rate of growth over this period? percent b. Which set of years most clearly demonstrates an expansionary phase of the business cycle? Years through c. Which set of years best illustrates a recesșionary phase of the business cycle? Years through

Daimler Inc. sells a product for 75 per unit. The variable cost is 50 per unit, while fixed costs are 5,400,000. Determine (a) the break-even point in sales units and (b) the break-even point if the selling price were increased to 80 per unit a. Break-even point in sales units units b. Break-even point if the selling price were increased to 80 per unit units

FunTime Cruiseline offers nightly dinner cruises departing from several cities on the East Coast of the United States including Charleston, Baltimore, and Alexandria. Dinner cruise tickets sell for 50 per passenger. FunTime Cruiseline's variable cost of providing the dinner is 30 per passenger, and the fixed cost of operating the vessels (depreciation, salaries, docking fees, and other expenses) is 210,000 per month. Under these conditions, the breakeven point in tickets is 10,500 and the breakeven point in sales dollars is 525,000. Suppose FunTime Cruiseline embarks on a cost reduction drive and slashes fixed expenses from 210,000 per month to 150,000 per month. Compute the new breakeven point in units and in sales dollars. Begin with the breakeven point units. Enter the formula, then compute the breakeven point. (For amounts with a 0 balance, make sure to enter "0" in the appropriate input field) Now compute the breakeven point in sales dollars. Enter the formula, then compute the breakeven point. (Enter the contribution margin ratio as a whole percent. For amounts with a 0 balance, make sure to enter "0" in the appropriate input field)

On October 1, the home mortgage balance was 189,000 for the home owned by Susan Reed. The interest rate for the loan is 7.6 percent. Assuming that Susan makes the October monthly mortgage payment of 1890, calculate the following: (a) The amount of interest included in the October payment (round your answer to the nearest cent). (b) The amount of the monthly mortgage payment that will be used to reduce the principal balance. (c) The new balance after Susan makes this monthly mortgage payment. (a) Interest amount: (b) Principal reduction: (c) New balance:

The number of chocolate chips in an 18-ounce bag of chocolate chip cookies is approximately normally distributed with mean 1252 and standard deviation 129 chips. What is the percentile rank of a bag that contains 1450 chocolate chips? A bag that contains 1450 chocolate chips is in the th percentile. (Round to the nearest integer as needed.)

FunTime Cruiseline offers nightly dinner cruises departing from several cities on the East Coast of the United States including Charleston, Baltimore, and Alexandria. Dinner cruise tickets sell for 50 per passenger. FunTime Cruiseline's variable cost of providing the dinner is 30 per passenger, and the fixed cost of operating the vessels (depreciation, salaries, docking fees, and other expenses) is 210,000 per month. Under these conditions, the breakeven point in tickets is 10,500 and the breakeven point in sales dollars is 525,000. 1. Suppose FunTime Cruiseline cuts its dinner cruise ticket price from 50 to 45 to increase the number of passengers. Compute the new breakeven point in units and in sales dollars. Explain how changes in sales price generally affect the breakeven point. 2. Assume that FunTime Cruiseline does not cut the price. FunTime Cruiseline could reduce its variable costs by no longer serving an appetizer before dinner. Suppose this operating change reduces the variable expense from 30 to 20 per passenger. Compute the new breakeven point in units and in dollars. Explain how changes in variable costs generally affect the breakeven point. All else being constant, a decrease in sales price will decrease the contribution margin per unit and contribution margin ratio. The breakeven point will therefore increase. Assume that FunTime Cruiseline does not cut the price. FunTime Cruiseline could reduce its variable costs by no longer serving an appetizer before dinner. Suppose this operating change reduces the variable expense from 30 to 20 per passenger. Compute the new breakeven point in units and in dollars. Explain how changes in variable costs generally affect the breakeven point.

The quality of receivables refers to the likelihood of collection without loss. True or False

Insurance: An insurance company sells a 1-year term life insurance policy to an 84 -year-old man. The man pays a premium of 2500. If he dies within 1 year, the company will pay 36,000 to his beneficiary. According to the U.S. Centers for Disease Control and Prevention, the probability that an 84 -year-old man will be alive 1 year later is 0.9318 . Let x be the profit made by the insurance company. (a) Find the probability distribution. The probability distribution is x, P(x), 2500

Write the value of the expression. -5.364 /-0.06

Suppose your VISA card calculates interest using the average daily balance method, and the monthly interest rate is 2.95 %. The itemized billing for the month of April is shown below. Detail Date Amount --------- Unpaid balance April 1 845 Charge April 3 455 Charge April 11 1055 Charge April 15 815 Payment received April 28 125 Last day of billing period April 30 Payment due date May 7 (a) Find the average daily balance. (b) Find the interest due for this month. (c) Find the total balance owed on the last day of the billing period. (d) This credit card requires a 20 minimum payment or 1/36 of the amount due, whichever is higher. What is the minimum monthly payment due for this month?

The cost function for a product is C(q)=q^3-54q^2+972q+1180 for 0 ≤ q ≤ 50 and a price per unit of 526. Round your answers to the nearest whole number. a) What production level maximizes profit? q= b) What is the total cost at this production level? cost = c) What is the total revenue at this production level? revenue = d) What is the total profit at this production level? profit =

Question 16 Mark this question Which of the following was created by the government to police financial reporting and to prevent instances of fraud and misconduct? Internal Control Accounting System Accounting Cycle Sarbanes-Oxley Act

Identify the correct definition of internal rate of return: The internal rate of return is the: Multiple Choice discount rate that causes a project's aftertax income to equal zero. discount rate that results in a zero net present value for the project. discount rate that results in a net present value equal to the project's initial cost. rate of return required by the project's investors. project's current market rate of return.

Based on the information below create a multiple step income statement for the year ended December 31, 2024 Sales Revenue 2,000 Sales Discount 10,000 Sales Returns and Allowances 130,000 Cost of goods Sold 25,500 Selling Expenses 15,400 General and Administrative Expenses 3,000 Income tax rate is 21%

Exercise 3-19 (Static) Computing and interpreting profit margin LO A1 Use the following information to compute profit margin for each separate company a through e. Note: Round your answers to 1 decimal place. Company Net Income Net Sales Profit Margin (%) a. 4,361 44,500 b. 97,706 398,800 c. 111,281 257,000 d. 65,646 1,458,800 e. 80,132 435,500 Which of the five companies is the most profitable according to the profit margin ratio? Company a Company b Company c Company d Company e

Use PMT = (P(r/n))/(1-(1+(r/n))^(-nt)) to determine the regular payment amount, rounded. The price of a small cabin is 65,000. The bank requires a 5% down payment. The buyer is offered a choice between a 20-year fixed at 8.5% or a 30-year fixed at 8.5%. Calculate the amount of interest paid for each option. How much does the buyer save in interest with the 20-year option? Find the monthly payment for the 20-year option. (Round to the nearest dollar as needed.)

As one of the loan officers for Grove Gate Bank, calculate the monthly principal and interest, PI (in ), using this table and the monthly PITI (in ) for the mortgage. (Round dollars to the nearest cent.) Amount Financed Interest Rate Term of Loan (years) Monthly PI Annual Property Tax Annual Insurance Monthly PITI --- --- --- --- --- --- --- 280,000 3.50% 25 6,573 2,156

On January 1, 2024, Staub, Inc. decides to invest in 11,200 shares of Palomino stock when the stock is selling for 19 per share. On August 1, 2024, Palomino paid a 0.80 per share cash dividend to stockholders. On December 31, 2024, Palomino reports net income of 70,000 for 2024. Assume Palomino has 28,000 shares of voting stock outstanding during 2024 and Staub has significant influence over Palomino. Requirements 1. Identify what type of investment the Palomino stock is for Staub. 2. Journalize the transactions related to Staub's investment in the Palomino stock during 2024. 3. In what category and at what value would Staub's report the investment on the December 31, 2024, balance sheet?

Douglas Boats is a supplier of boating equipment for the states of Oregon and Washington. It sells 5,000 White Marine WM-4 diesel engines every year. These engines are shipped to Douglas in a shipping container of 100 cubic feet, and Douglas Boats keeps the warehouse full of these WM-4 engines. The warehouse can hold 5,000 cubic feet of boating supplies. Douglas estimates that the ordering cost is 10 per order, and the carrying cost is estimated to be 10 per engine per year. Douglas Boats is considering the possibility of expanding the warehouse for the WM-4 engines. Assume demand is constant throughout the year.

Determine whether the statement is true or false. If the statement is false, make the necessary change(s) to produce a true statement. Interest is the amount of money we get paid for borrowing money or that we pay for investing money. Choose the correct answer below. A. The statement is true. B. The statement is false. Interest is the amount of money we pay for borrowing money or that we pay for investing money. C. The statement is false. Interest is the amount of money we pay for borrowing money or that we get paid for investing money. D. The statement is false. Interest is the amount of money we get paid for borrowing money or that we get paid for investing money.

If n=32, x̅=42, and s=5, find the margin of error E at a 99% confidence level. Give your answer to two decimal places.

Use the future value formula to find the indicated value. FV = 3816; n = 29; i = 0.06; PMT = ? PMT = (Round to the nearest cent.)

Multiple Choice Question Aggregate demand is: horizontal. downward sloping. upward sloping. vertical.

Multiple Choice Question One identical unit is purchased on each of the following three dates and at the respective costs: June 1 at 10, June 2 at 15, and July 4 at 20. The company sells two units during this period. Conclude which inventory items are sold first and which unit remains in ending inventory if the company is using the FIFO cost flow assumption. O The June 2 at 15 and the July 4 at 20 are both sold; the June 1 at 10 remains in ending inventory. O The June 1 at 10 and the June 2 at 15 are both sold; the July 4 unit remains in ending inventory. O The June 1 at 10 is sold; the June 2 at 15 and the July 4 at 20 remain in ending inventory. O Need help? Review these concept resources. Rate your confidence to submit your answer: High Medium Low

Find the revenue and demand functions for the given marginal revenue. (Use the fact that R=0 when x=0.) dR/dx=390-18x revenue function R= demand function p=

Plant assets are defined as: Multiple Choice Tangible assets used in a company's operations that have a useful life of more than one accounting period. Current assets. Assets that are physically consumed when used. Intangible assets used in the operations of a business that have a useful life of more than one accounting period Tangible assets used in the operation of business that have a useful life of less than one accounting period.

Question 7 1 pts ABC Co has equipment that was purchased in 2023 costing 30,000. The equipment has no salvage value and a 100,000 mile useful life. ABC uses the units of production method of depreciation. What is the depreciation expense per mile? Question 8 1 pts ABC Co purchased a vehicle in 2023 costing 80,000. The equipment has no salvage value and a 200,000 mile useful life. ABC uses the units of production method of depreciation. In the first month of operation the vehicle is driven 2,500 miles. What is the depreciation expense for the month? Question 9 1 pts

Which of the following statements is true when you invest in a federally insured bank account? Even though there is federal insurance in place, you still face inflation risk. Given the federal inșurance, you are taking no risk. Although there is federal insurance, you are faced with liquidity risk. Given the federal insurance, you are taking significant business risk.

Private Mortgage Insurance is required by mortgage lenders on certain loans and the cost of this premium is then passed on to the borrower. If you are purchasing a residential property for your primary residence, how much do you generally need as a down payment to avoid being subject to the unnecessary expense of PMI? 20% 0% 5% 50%

What does the acronym APR stand for? Annual Percentage Rate Average Principal Return Average Percentage Rate Annual Personal Retirement

In 2009, during the height of the U.S. financial crisis, real GDP fell 3.5 percent and the Consumer Price Index fell from 215.3 to 214.9. Was this recession likely caused by a shift in aggregate demand or aggregate supply? This recession was likely caused by (Click to select) v.

A company has a beginning inventory of 60,000 and purchases during the year of 16 consisted of 2,000 units and 8,000 units were purchased during the year. 4,080 units cost of the ending inventory using the average-cost method will be: 130,240 220,000 89,760 309,760

A philanthropic organisation sent free mailing labels and greeting cards to a random sample of 100,000 potential donors on their mailing list and received 4608 donations. (a) Give a 95% confidence interval for the true proportion of those from their entire mailing list who may donate. (b) A staff member thinks that the true rate is 4.7%. Given the confidence interval you found, do you find that rate plausible?

Company X tried selling widgets at various prices to see how much profit they would make. The following table shows the widget selling price, x, and the total profit earned at that price, y. Write a quadratic regression equation for this set of data, rounding all coefficients to the nearest tenth. Using this equation, find the profit, to the nearest dollar, for a selling price of 5.25 dollars. Price (x) Profit (y) 6.00 5440 7.00 6582 8.75 7876 11.50 8349 13.75 7111 14.75 5886

5. The market is currently at equilibrium. If a binding price ceiling of P1 is imposed, by how much would the quantity demanded change? a. It would increase by 12,000 units. b. It would increase by 30,500 units. c. It would decrease by 30,500 units. d. It would increase by 30,000 units. e. It would decrease by 12,000 units. 6. The market is currently at equilibrium. If a binding price ceiling of P1 is imposed, by how much would the quantity supplied change? a. It would increase by 32,000 units. b. It would decrease by 30,000 units. c. It would decrease by 18,000 units. d. It would decrease by 32,000 units. e. It would decrease by 30,500 units.

Problem 7-23 Bond Ratings and Prices (LG7-7) 6.25 points A corporate bond with a coupon rate of 6.9 percent has 15 years left to maturity. It has had a credit rating of BBB and a yield to maturity of 7.6 percent. The firm has recently gotten into some trouble and the rating agency is downgrading the bonds to BB. The new appropriate discount rate will be 8.9 percent. (Assume interest payments are semiannual.) What will be the change in the bond's price in dollars? What will be the change in the percentage? Note: Negative answer should be indicated by a minus sign. Do not round intermediate calculations. Round your final answer to 2 decimal places. Change in bond price Change in bond percent %

The following contingency table compares student's ability in math to their interest in studying finance from a random sample of students at a particular business school. Ability in Math Low Average High ------------------------------------- Interest in Finance Low 60 33 12 Average 37 29 80 High 26 58 18 What percentage of students with a high interest in finance have an average ability in math? Give your answer as a percentage to one decimal place but without the % symbol.

The annual coupon rate is 17 percent, and the face value of the bond is 1,000

Guest English - Question 49 of 90 What happens to the face amount of a whole life policy if the insured reaches the age of 100 ? A. It is paid to the beneficiary in full. B. It is paid to the insured's estate and the policy is terminated. C. The face amount is paid to the insured. D. The cash value and the face amount are paid to the insured. Next Question -

Home Ownership and Equity Protection Act Equal Credit Opportunity Act Right to Financial Privacy Act Gramm-Leach Bliley Act requires banks to explain what information is shared with other businesses prohibits creditors from discriminating among consumers based on factors like age and marital status requires the federal government to obtain a court order to access customer financial information

Question 7 The probability of rejecting the null hypothesis when, in fact, the null hypothesis is true is called the standard error p-value power of the test significance level Question 8 What is the statistic that compares the observed proportion to the expected proportion? the one-proportion t-test statistic the one-proportion z-test statistic the standard error

c. Of the total amount paid, what percentage is paid toward the principal and what percentage is paid for interest? The percentage paid toward the principal is % and the percentage paid for interest is %. (Round to the nearest tenth as needed.)

Wisconsin Dairy Farms wants to grow revenue and feels the best way to do this is by purchasing a business that is not in the dairy industry. After a lengthy analysis, it purchases Hydro Generator Corp. which supplies energy along the Pacific coast. What type of strategy is the company using? unrelated diversification related diversification vertical integration parallel integration

Journalize the following sales transactions for Ashli Boats. Explanations are not required. Mar. 1 Ashli Boats sold 250,000 of boats on account, credit terms are 4 / 15, n / 30 to Wild River Unlimited. Cost of goods is 100,000. Mar. 12 Ashli Boats receives payment from Wild River Unlimited on the amount due, less the discount. (Record debits first, then credits. Exclude explanations from journal entries. Assume the company uses a perpetual inventory system and records sales at the gross amount.)

Calculate: Approximately how long will it take to double your money if the APY is 6.50%?

To go on a summer trip, Deshaun borrows 200. He makes no payments until the end of 5 years, when he pays off the entire loan. The lender charges simple interest at an annual rate of 6%. Answer the following questions. If necessary, refer to the list of financial formulas. (a) How much total interest will Deshaun have to pay? I (b) What will the total repayment amount be (including interest)?

In some 4.0 grading systems, a student's grade point average (GPA) is calculated by assigning letter grades the following numerical values. A=4.00, B-=2.67, D+=1.33, A-=3.67, C+=2.33, D=1.00, B+=3.33, C=2.00, D-=0.067, B=3.00, C-=1.67, F=0.00 Use this grading system to find this student's GPA. Round to the nearest hundredth. Tessa's cumulative GPA for 3 semesters was 3.18 for 46 course units. Tessa's fourth semester GPA was 3.74 for 12 course units. What is Tessa's cumulative GPA for all 4 semesters?

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.

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