1. Your friend has a credit card with an APR of 49.9%! What would his finance charge be on a $500 charge for just 1 month?
2. Your friend has 2 credit cards with balances that he cannot afford to pay off all at once. A $500 balance on a card with 15.99% APR and a $400 card with a %25.99. Calculat...
Consider the following variable cost function (where Q = output):
VC = 200 * Q - 9 * Q^2 + 0.25 * Q^3
Fixed costs are equal to $150: FC = 150
A. Determine the total cost function.
B. Determine the (i) average fixed, (ii) average variable, (iii) average total, and (iv) marginal cost functions.
Southern Sporting Goods Company makes basketballs and footballs. Each product is produced from two resources rubber and leather. The resource requirements for each product and the total resources available are as follows:
Resource Requirements per Unit
Fred and Carrie's Research Report
Washing Machine and Formula Information
Fred and Carrie are thinking of purchasing washing machines that have a 20-pound capacity, meaning that each machine can hold 20 pounds or less. The inequalities below demonstrate the number of machines needed, based on ...
FairDev Corp. is considering taking part in one or more development projects A, B, and C. Each requires an investment over the next few years and then would be sold upon completion. Which projects should FairDev take part in and at what fraction of participation, so as to end year 6 with as much ca...
You have a company that makes 30000 light bulbs per day with the following resources:
Labor : 250 hours per day@$15.00 per hour
Raw Material : 60000 pounds of glass per day @$0.50 per pound
Energy : $10000 per day
Capital : $3500 per day
1) What is the productivity per labor hour for the li...
I need some assistance on my homework on the following AON diagrams. I have attached the word document and a jpeg what I've done so far. I need assistance on the second problem.
1) Given the information in the following table:
Activity Duration Predecessor
A 4 None
B 6 A
C 4 A
A plant manager plans to purchase new workstations. He has three choices andtheir prices are listed below.
Cost A $55,000
$45,000 C $85,000
The new workstation will be used to produce three products. The annual demands for the three products and their processing times on each type...
Please see the files below, thank you!
CB600 Game Theory
Game Theory III
7. Bimatrix Games
We have encountered various ways of solving constant-sum games in the previous sections. Now we turn to the case where the sums of the pay-offs of the two players do not add up to a...
Sept 16 bill date. Previous balance is $1,700
1700 x 3 da = 5,100. I counted Sept 17, 18, 19) not Sept 16
Sept 19. Balance is 5,100
Sept 19 Pymt. 57.00. (5,100 - 57.00 = 5,043). New bal 5,043
(From Sept 19 to Sept 30 I counted 11 days. I did not count Sept 19)
Stephanie Delaney, CPA, is the newly hired director of corporate taxation for Acme Incorporated, which is a publicly traded corporation. Ms. Delaney's first job with Acme was the review of the company's accounting practices on deferred income taxes. In doing her review, she noted differences between...
A checkout line at a grocery store takes an average of 4 minutes to ring up a customer's order. On average, five customers are in the checkout line. What is the average number of customers per hour processed in the checkout line?
Determine the resultant force acting on the eyebolt shown in the attached figure, as a result of the four forces shown, both analytically and graphically. Compare and comment on the two results.
See the attached file.
#2 Find the interest on each of these loans
$35,000 at 6% for 9 months
#4 Find the interest on each of these loans
$1875 at 5.3% for 7 months
#8 Find the interest on each of these loans
$8940 at 9%; loan made on May 7 and due September 19
#16 Find the future value of each o...
Please see the attached income statement for the Bennington Company. Please help fill in the blanks, which include:
- Cost of goods sold
- Gross profit
- Selling expenses
- Administrative expenses
- Total expenses
- Income before taxes
- Income taxes
- Net income.
Sales for Janebury Corporation's just-ended year were $8 million. Sales were $4 million 2 years earlier.
a. At what rate did sales grow? Round your answer to the nearest whole.
Suppose someone calculated the sales growth for Janebury Corporation in part a as follows: "Sales doubled in 2 years. T...
Heathrow issues $1,400,000 of 5%, 15-year bonds dated January 1, 2011, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $1,209,757.
1. Prepare the January 1, 2011, journal entry to record the bonds' issuance. (Omit the "$...
Financial Engineering is the application of mathematics and computer programming skills to solve certain problems in finance drawing on tools of statistics, economics, computer science and applied mathematics.
Investment banks, commercial banks, insurance companies, corporate treasuries and regu...
WACC The Patrick Company's year-end balance sheet is shown below. Its cost of common equity is 16%, its before-tax cost of debt is 13%, and its marginal tax rate is 40%. Assume that the firm's long-term debt sells at par value. The firm has 576 shares of common stock outstanding that sell for $4.00....
D'Anoconia copper is an all equity firm with 60 million shares outstanding, which are currently trading at $20 per share. Last month , d'Anconia announced that it will change its capital structure by issuing $300 million in debt. The $200 million raised by the issue, plus another $200 million in cas...
An urn contains 7 blue and 3 yellow chips. If the drawing of chips is done with replacement, determine the probability of:
(a) Drawing three yellow chips.
(b) Drawing a blue chip on the first draw and a yellow chip on the second draw.
(c) Drawing a blue chip on the second draw given that a yell...
Is there value in expressing things in scientific notation? Specifically, provide an example regarding national debt. Is there any information lost in translation, and is that lost information important?
You invest $10,000 in an agricultural crop commodity today.
1. What commodity did you select? Why?
2. Use the internet to check today's prices as listed in the U.S. Department of Agriculture's crop reports at their worldwide website: www.usda.gov
a. What is the price now?
b. What wa...
What is known:
The purchase price of the house is $75,000
Joe has $10,000 in savings
Joe makes $15 per hour and works 40 hours per week
30-year mortgage interest rate of 6.25% and a monthly payment of $439.00
15-year mortgage interest rate of 5.25% and a monthly payment of $575.00
Calculate the amount of the final price adjustment because of defective pricing based on the following:
Contractor unintentionally overpriced their material costs by $75,000 and under-priced their direct manufacturing labor costs by $50,000. Overhead rates used to price the original contract are ...
Construct a pro forma income statement for the first year and second year for the following assumptions:
-Units of Sales in Year 1: 110,000
-Price per Unit: $11
-Variable cost per unit: 25%
-Fixed Costs: $129,000
-Income taxes: 20%
-Interest Expense: $170,000
In year 2, Price per unit incre...
A student group must order hot dogs for a concession stand at a sporting
event. In the past, demand has been 7, 8, 9, or 10 dozen hot dogs for the event,
depending on attendance and the weather. They need to order the hot dogs
and buns the week before the event and will not be able to...
Mark Harris, Production Manager of Medical Electronics Inc. is preparing for the delivery of one of his company's new blood analyzers to the Hershey Medical Center. All that remains is to subject the unit to a test procedure to determine whether it meets its design specifications. They will earn a p...
Yvonne's problem is to calculate net income for canadian tax purposes (B)
employment income 64,000
interest income 2,600
rental income 4,560
partnership loss 144,940 (50% )
dispositions taxable capital gain 32,420, allowable taxable losses 29,375
deductable contributions 12,480 paid to...