(20 pts) Table: The Market for Hamburger Flippers

a) If the minimum wage in this market is $8, what is the effect on the market? Who are the winners and losers?

b) For hamburger flippers with a minimum wage of $8 per hour, can you imagine a scenario in which the deadweight loss from the minimum wage is lessened or even eliminated?

What are seven actions that will make strategies to shorten the cash conversion cycle short-lived.

1. Lost sales due to overly strict credit and collection standards

2. ???

3. ???   

4. ???

5. Higher prices assessed by vendors because individual orders are smaller or payment is slower

6. Refusal to sell to customers who are good credit risks but are occasionally slow in paying

7. Excessive reliance on accounts payable in lieu of a stable base of short-term bank credit

What are two decisions a financial manager makes when establishing a framework for working capital investment and financing.

1. How much working capital to have

2. ???

Describe the three characteristics of a restrictive investment strategy.

1. ???

2. Managing raw materials as tightly as possible using JIT inventory techniques

3. Maintaining low levels of outstanding accounts receivable and cash balances

Dr. Smith is examining the development of moral reasoning in children. Seven children (11-years old) are assessed three times over the year. The children are given moral reasoning scenarios. Higher scores indicate higher levels of moral reasoning.

a.            State the null hypothesis.

b.            Identify the appropriate statistical test

c.             Calculate the appropriate test statistic. Make sure to report the degrees of freedom for

the statistical test (if appropriate). You must show your work to receive full credit.

d.            State your conclusions (use a two-tailed test with a = .05 for all tests).

e.            Compute an effect size.

a.            State the null hypothesis.

b.            Identify the appropriate statistical test

c.            Calculate the appropriate test statistic. Make sure to report the degrees of freedom for the statistical test (if appropriate). You must show your work to receive full credit.

d.            State your conclusions (use a two-tailed test with a = .05 for all tests).

e.            Compute an effect size.

Dr. Smith is examining the development of moral reasoning in children. Seven children (11-years old) are assessed three times over the year. The children are given moral reasoning scenarios. Higher scores indicate higher levels of moral reasoning.

Dr. Smith is examining the development of moral reasoning in children. Seven children (11-years old) are assessed three times over the year. The children are given moral reasoning scenarios. Higher scores indicate higher levels of moral reasoning.

a. State the null hypothesis.

b. Identify the appropriate statistical test

c. Calculate the appropriate test statistic. Make sure to report the degrees of freedom for the statistical test (if appropriate). You must show your work to receive full credit.

d. State your conclusions (use a two-tailed test with  = .05 for all tests).

e. Compute an effect size

A cart for hauling ore out of a gold mine has a mass of 423 kg, including its load. The cart runs along a straight stretch of track that is sloped 4.51

A demand loan of $6000 is repaid by payments of $3000 after two years, $3000 after
four years, and a final payment after seven years. Interest is 8% compounded quarterly
for the first two years, 9% compounded semi-annually for the next two years, and 9%
compounded quarterly thereafter. What is the size of the final payment?

The frequencies of gametes of different genotypes, determined by test crossing a triple heterozygote, are as shown in the following table:

a) Which gametes types are known to have been involved in double crossovers?

b) Single cross overs?
c) Which gamete types have not been involved in any exchanges? What are they called?
d) The order shown is not necessarily correct. Which gene locus is in the middle? Show the order

FIFO Perpetual Inventory

The beginning inventory of merchandise at Dunne Co. and data on purchases and sales for a three-month period ending June 30 are as follows:

Required:

1. Record the inventory, purchases, and cost of merchandise sold data in a perpetual inventory record similar to the one illustrated in Exhibit 3, using the first-in, first-out method. Under FIFO, if units are in inventory at two different costs, enter the units with the LOWER unit cost first in the Cost of Merchandise Sold Unit Cost column and in the Inventory Unit Cost column.

2. Determine the total sales and the total cost of merchandise sold for the period. Journalize the entries in the sales and cost of merchandise sold accounts. Assume that all sales were on account.

3. Determine the gross profit from sales for the period.
$

4. Determine the ending inventory cost on June 30.
$

5. Based upon the preceding data, would you expect the inventory using the last-in, first-out method to be higher or lower?
Lower

The number of hits to a website follows a Poisson process. Hits occur at the rate of 0.8 per minute between​ 7:00 P.M. and 9​:00 P.M. Given below are three scenarios for the number of hits to the website. Compute the probability of each scenario between 8:39 P.M. and 8​:47 P.M. Interpret each result.

​(a) exactly seven P(7)=

(Round to four decimal places as​ needed.)

​(b) fewer than seven

​(c) at least seven

​

​(Round to four decimal places as​ needed.)