Questions
Greg is a commercial real estate agent in San Diego. He notes from his records that...

Greg is a commercial real estate agent in San Diego. He notes from his records that the length of time that properties spend on the market before being sold appears to be normally distributed. From October 2017 to October 2018, the average time that a property in San Diego spent on the market was approximately 45 days, with a standard deviation of 9 days. Typically, if a property doesn’t sell within 70 days of being listed, Greg’s firm will reduce the asking proce in an attempt to close the sale.

a. what is the probability that a property will be sold within 30 days of being listed?

b. Greg just listed a new property. What is the probability that Greg will end up having to reduce its askin price?

c. While flipping through a local magazine, Greg sees an ad for his own firm in which the marketing department has claimed that ‘most of our properties sell within 40-60 days.’ In reality, what is the probability that a property will sell within that timeframe?

d. A somewhat anxious client has asked Greg to provide an estimate of how long jt will take to close the sale on a newly-listed property. To be safe, Greg decides he should round up his estimates to reduce the chance of being wrong. What is the number of days he should tell the client, such that there is only a 1% chance thag the house won’t actually sell within that time?

In: Statistics and Probability

Greg is a commercial real estate agent in San Diego. He notes from his records that...

Greg is a commercial real estate agent in San Diego. He notes from his records that the length of time that properties spend on the market before being sold appears to be normally distributed. From October 2017 to October 2018, the average time that a property in San Diego spent on the market was approximately 45 days, with a standard deviation of 9 days. Typically, if a property doesn’t sell within 70 days of being listed, Greg’s firm will reduce the asking proce in an attempt to close the sale.

a. what is the probability that a property will be sold within 30 days of being listed?

b. Greg just listed a new property. What is the probability that Greg will end up having to reduce its askin price?

c. While flipping through a local magazine, Greg sees an ad for his own firm in which the marketing department has claimed that ‘most of our properties sell within 40-60 days.’ In reality, what is the probability that a property will sell within that timeframe?

d. A somewhat anxious client has asked Greg to provide an estimate of how long jt will take to close the sale on a newly-listed property. To be safe, Greg decides he should round up his estimates to reduce the chance of being wrong. What is the number of days he should tell the client, such that there is only a 1% chance thag the house won’t actually sell within that time?

In: Statistics and Probability

The Twisty Tie Dye Co. produces a single product; a plush poncho made of Italian cashmere....

The Twisty Tie Dye Co. produces a single product; a plush poncho made of Italian cashmere. The company has provided the following data for its most recent year of operations.

Number of Units Produced 10,000
Direct labor $55 per unit
Direct materials $60 per unit
Variable manufacturing overhead $5 per unit
Variable selling and administrative expense $10 per unit
Fixed manufacturing overhead (total cost) $120,000
Fixed selling and administrative expense (total cost) $60,000



       The unit cost, under both absorption costing and variable costing, would be

1)

$132 per unit under variable costing and $120 per unit under absorption costing.

2)

$120 per unit under variable costing and $132 per unit under absorption costing.

3)

$120 per unit under variable costing and $142 per unit under absorption costing.

4)

$130 per unit under variable costing and $142 per unit under absorption costing.

The Petty Co. is considering the following three investment projects.

Use the following information to answer the question:

American Girl Free Falling Breakdown
Present value of cash inflows $23,200 $58,200 $78,000
Investment Required $20,000 $48,000 $76,000

Regarding the Net Present Value, which statement is true?

1)

Based on NPV, the Breakdown Project ranks highest.

2)

Based on NPV, the American Girl Project ranks lowest.

3)

Based on NPV, the Free Falling Project ranks the highest.

4)

None of the above.

Use the following information to answer the question:

American Girl Free Falling Breakdown
Present value of cash inflows $23,200 $58,200 $78,000
Investment Required $20,000 $48,000 $76,000

Regarding the Profitability Index (PI), which statement is true?

1)

American Girl Project’s PI is .16.

2)

American Girl Project’s PI is .862.

3)

American Girl Project’s PI is 1.16.

4)

None of the above.

The Pearl Jam Corporation has two divisions: the Eddie Division and the Vedder Division. The Eddie Division has sales of $230,000, variable expenses of $131,100, and traceable fixed expenses of $63,300. The Vedder Division has sales of $540,000, variable expenses of $307,800, and traceable fixed expenses of $120,700. The total amount of common fixed expenses not traceable to the individual divisions is $119,200.

The company’s net operating income is:

1)

$147,100.

2)

$331,100.

3)

$211,900.

4)

$27,900.

In: Accounting

1. A closer look - Food insecurity in the United States According to the United Nations...

1. A closer look - Food insecurity in the United States

According to the United Nations Food and Agriculture Organization, approximately 795 million people are chronically undernourished worldwide. Undernutrition means that a person consumes insufficient energy to meet his or her metabolic needs. Many food security organizations set this minimum at 2,000 kcal/day for a person to be well nourished.

Examine the figure depicting the food security status of U.S. households and then answer the question that follows.

  

1. According to the definitions used by the USDA Economic Resource Service, what percentage of U.S. households had access, at all times, to enough food for an active, healthy life for all members?

86%

5.6%

8.4%

14%

2. According to the U.S. Department of Agriculture, a rib eye steak has an energy density of approximately 2,650 kcal/kg. A person could conceivably consume 730,000 kcal/year simply by eating 275.5 kg of steak over the course of a year, or 26.5 oz every day. Would a person who did this be likely to be properly nourished, and why or why not?

No; 730,000 kcal/year is not enough food to avoid undernutrition.

No; beef is too fattening. The person would probably suffer from overnutrition.

Yes; 730,000 kcal/year is a reasonable minimum level of consumption to avoid undernutrition.

No; beef lacks some essential nutrients. The person would probably suffer from malnutrition.

3. There are many federal and local programs in the United States that aim to prevent or relieve malnutrition or undernutrition, thereby reducing the prevalence of food insecurity. Match the programs below with their major role in promoting adequate nutrition and increasing the prevalence of food security in the United States.

Organizations

Descriptions

feeding america, food pantry, or national school lunch program Meal centers which provide food at no charge to reduce food insecurity.
feeding america, food pantry, or national school lunch program
Nationwide network of food banks servicing food pantries.
  
feeding america, food pantry, or national school lunch program
Federally assisted meal program operating in public and nonprofit private schools and residential childcare institutions.

4. The following two images show maps of the United States: The map on the left depicts prevalence of food insecurity relative to the U.S. average from 2012–2014; the map on the right depicts poverty rates throughout the United States from 2014.

  

  

5. Which region of the United States has the highest prevalence of food insecurity?

South

Southwest

Northwest

Northeast

6. Which region of the United States has the highest level of poverty?

Northwest

Southwest

South

Northeast

7. After analyzing the maps, one can conclude that higher poverty levels are linked with:

Higher levels of food security

Have no effect on food security

Lower levels of food security

In: Nursing

SA Adventures Unlimited was formed four years ago, by Michael and Jill Rodriguez. Michael was a...

SA Adventures Unlimited was formed four years ago, by Michael and Jill Rodriguez. Michael was a trained geologist, while Jill had a master’s degree in Spanish. They were both avid outdoor enthusiasts and fell in love while trekking across the Andes in Chile. Upon graduation, they seized upon the idea of starting their own specialized tour business that would focus on organizing and leading “high-end” adventure trips in South America. Their first trip was a three-week excursion across Ecuador and Peru. The trip was a resounding success, and they became convinced that they could make a livelihood doing something they both enjoyed.
After the first year, Adventures Unlimited began to slowly expand the size and scope of the business. The Rodriguezes’ strategy was a simple one. They recruited experienced, reliable people who shared their passion for South America and the outdoors. They helped these people organize specific trips and advertised the excursion over the Internet and in travel magazines.
Adventures Unlimited has grown from offering 4 trips a year to having 16 different excursions scheduled, including trips to Central America. They now have an administrative support staff of three people and a relatively stable group of five trip planners/guides whom they hired on a trip-by-trip contract basis. The company enjoyed a high level of repeat business and often used their customers’ suggestions to organize future trips.
Although the Rodriguezes were pleased with the success of their venture, they were beginning to encounter problems that worried them about the future. A couple of the tours went over budget because of unanticipated costs, which eroded that year’s profit. In one case, they had to refund 30 percent of the tour fee because a group was stranded five days in Blanco Puente after missing a train connection. They were also having a hard time maintaining the high level of customer satisfaction to which they were accustomed. Customers were beginning to complain about the quality of the accommodations and the price of the tours. One group, unfortunately, was struck by a bad case of food poisoning. Finally, the Rodriguezes were having a hard time tracking costs across projects and typically did not know how well they did until after their taxes were prepared. This made it difficult to plan future excursions.
The Rodriguezes shared these concerns around the family dinner table. Among the members in attendance was Michael’s younger brother, Mario, a student at a nearby university. After dinner, Mario approached Michael and Jill and suggested that they look into what business people called “project management.” He had been briefly exposed to project management in his Business Operations class and felt that it might apply to their tour business.
Case Question
1. To what extent does project management apply to Adventures Unlimited?
2. What kind of training in project management should the Rodriguezes, the administrative staff,
and tour guides receive to improve the operation of Adventures Unlimited?
3. Identify major topics or skill sets that should be addressed.

In: Operations Management

Using a timeline, explain how the criteria for who is being tested for COVID-19 has changed...

Using a timeline, explain how the criteria for who is being tested for COVID-19 has changed with the main infection source (e.g. overseas infection, cruise ship infection, direct contact with known COVID-19 case to community cases). in Australia

In: Nursing

What are the big players in the cruise industry? Give a brief introduction to each company,...

What are the big players in the cruise industry? Give a brief introduction to each company, Discuss their situation today under the impact of COVID-19. What kind of changes do you see in this industry after the outbreak? brief explanation (2 paragraphs)

In: Operations Management

A stock price is currently $36. During each three-month period for the next six months it is expected to increase by 9% or decrease by 8%.

Problem 3: Derivatives Valuation

A stock price is currently $36. During each three-month period for the next six months it is expected to increase by 9% or decrease by 8%. The risk-free interest rate is 5%. Use a two-step tree to calculate the value of a derivative that pays off (max[(40-ST),0])2 where ST is the stock price in six months.

  1. Use risk-neutral valuation.

  2. Verify whether both approaches lead to the same result.

  3. If the derivative is of American style (ST in the payoff function refers to the stock price when the option is exercised), should it be exercised early?

In: Finance

Flight 1 -2 -1 -2 2 -2 0 -2 -3 Flight 19 19 -4 -5 -1...

Flight 1 -2 -1 -2 2 -2 0 -2 -3
Flight 19 19 -4 -5 -1 -4 73 0 1
Flight 21 18 60 142 -1 -11 -1 47 13

Listed below are departure delay times (minutes) for american Airline flights from New York to Los Angeles. Negative values correspond to flights that departed early.

Use a 0.05 significance level to test the claim that the different flights have the same mean departure delay time.What is the critical value (F-value)? [Round to 4 decimal places]

In: Statistics and Probability

Investment Reporting Teasdale Inc. manufactures and sells commercial and residential security equipment. The following selected investment...

Investment Reporting

Teasdale Inc. manufactures and sells commercial and residential security equipment.

The following selected investment transactions occurred during 2017:

Mar.18. Purchased 800 shares of Richter Inc. at $40 including brokerage commission. Richter is classified as an available-for-sale security.
July.12. Dividends of $12,000 are received on the Wright Co. investment.
Oct. 1. Purchased $24,000 of Toon Co. 4%, 10-year bonds at 100. The bonds are classified as available for sale. The bonds pay interest on October 1 and April 1.
Dec.31. Wright Co. reported a total net income of $80,000 for 2017. Teasdale recorded equity earnings for its share of Wright Co. net income.
31. Accrued interest for three months on the Toon Co. bonds purchased on October 1.
31. Adjusted the available-for-sale investment portfolio to fair value, using the following fair value per-share amounts:
Available-for-Sale
Investments

Fair Value
Alvarez Inc. stock $41.50 per share
Hirsch Inc. stock $26.00 per share
Richter Inc. stock $48.00 per share
Toon Co. bonds 101 per $100 of face amount
31. Closed the Teasdale Inc. net income of $51,240. Teasdale Inc. paid no dividends during the year.

Note 1. Investments are classified as available for sale. The investments at cost and fair value on December 31, 2016, are as follows:

    No. of Shares     Cost per Share     Total Cost     Total Fair Value
Alvarez Inc. stock 960 $38.00 $36,480 $39,936
Hirsch Inc. stock 1,900 28.80 54,720 60,040
$91,200 $99,976

Note 2. The Investment in Wright Co. stock is an equity method investment representing 30% of the outstanding shares of Wright Co.

Required:

The comparative unclassified balance sheets for December 31, 2017 and 2016 are provided below. Selected balances are missing. Determine the missing values. Enter all amounts as positive numbers. Do not round interim calculations. Round final answers to nearest dollar.

Teasdale Inc.
Balance Sheet
December 31, 2017 and 2016
Dec. 31, 2017 Dec. 31, 2016
Cash $160,000 $156,000
Accounts Receivable (Net) 115,000 108,000
Available-for-Sale Investments (at Cost)-Note 1
91,200
Plus Valuation Allowance for Available-for-Sale Investments 8,776
Available-for-Sale Investments (Fair Value) $ $ 99,976
Interest Receivable $
Investment in Wright Co. stock-Note 2 $69,200

Office Equipment (Net)

96,000 105,000
Total Assets $ $538,176
Accounts Payable $ 91,000 $ 72,000
Common Stock 80,000 80,000
Excess of Issue Price Over Par 250,000 250,000
Retained Earnings 127,400
Unrealized Gain (Loss) on Available-for-Sale Investments 8,776
Total Liabilities and Stockholders' Equity $ $538,176

In: Accounting