Candida’s Cash and Carry (CCC)store had been the major shoe retailer in a bustling country town for many years. One morning Candida was standing at the doorway of her shop and saw a stranger ride into town in a very conspicuous hammer vehicle. Later that day she heard that the stranger had made an offer for a vacant building down the street from her store. It was said that Yozefu fransi, its 82-year-old owner, who had long given up hope of selling the property, immediately accepted the offer. The next morning the town was abuzz with rumors. The stranger, whilst having a good time the previous evening at the Yenu Pub, a popular local watering hole, let slip that he was going to crush Candida and the other businesses in town by opening a modern shop, Hammer Emporium which will not only offer a complete range of goods but also it will offer credit to the customers. The town residence had only ever bought their goods for cash and they began to wonder how they would keep control of expense in future. Candida smelt trouble. She currently sold 19,500 pairs of shoes per year. The shoes, which cost her on average Tshs 10,000 a pair, were sold at an average price of Tshs 15,000 per pair. She always knew that if she was prepared to give credit, her sales volume could have been as high as 30,000 pairs a year. with this in mind she tried to calculate whether it would be worth her while to offer credit as a competitive weapon against the stranger, knowing that her costs would rise to Tshs 12,000 per pair if she had to set up a complex system of credit control. would she suffer any bad debts? What level of bad debts could she afford? Should she raise her selling price to cover the extra costs she will incur? Also, in the same town the major local farm implements store was doing Tshs 350 million a year in sales. Farmers had always relied on credit and they paid on average in 60 days. This had long been a source of worry for its owner, Moshingo kazijembe. he started to wonder whether he should use cash discounts to compete with the stranger and improve his collection period. he thought that a new credit policy of 5/10 net 30 would be attractive enough, and he believed that about half of his customers would pay fast enough to qualify for the discount and that he could then average 30 days in his receivables. The next evening, the chairman of the local branch of the chamber of commerce called an urgent meeting at the local football club pub. As a special favour, although she was not a member, Candida was invited. She joined Moshingo, the chairman and a few other prominent businessmen in the town in an earnest discussion about their predicament. after an hour of arguing they finally agreed that none of them knew how to analyze the changes in the receivables policies that they had been thinking about, and so they called for a Chairman’s son, who had just graduated at the University of Dar es Salaam with a master’s degree in finance and accounting Required: What analysis do you think the son did and what advice should he have given to the two storekeepers? Base your analysis on a cost of finance of 12 percent per year

A class of 40 students, 18 are males and 22 are females. For the final examination, 3 males and 5 females achieved a letter grade of A. What is the probability that a randomly selected student from the class achieved letter A grade or is a female student?

Select one:

a. 27/40

b. 25/40

c. 13/30

d. 30/40

e. 22/40

Suppose it is known that 11% of Canadian are left handed. In a random sample of 500 Canadian, what is the approximate probability that at least 70 of them to be left handed?

Select one:

a. 0.0110

b. 0.0162

c. 0.0287

d. 0.0035

e. 0.0239

The mean yield of alfalfa from a particular plot of land has been stable at 25 kilograms. The agronomist believes that a new fertilizer will result in an increased yield of alfalfa. The agronomist tested the new fertilizer on 16 equal sized plots of land and determines the yield to be 25.4 kilograms. What is the appropriate hypothesis for this test?

Select one:

a. H₀: x̄ = 25 vs. Ha: x̄ < 25

b. H₀: x̄ = 25 vs. Ha: x̄ ≠ 25

c. H₀: µ = 25 vs. Ha: µ ≠ 25

d. H₀: µ = 25 vs. Ha: µ < 25

e. H₀: µ = 25 vs. Ha: µ > 25

A physical-fitness association in Calgary Alberta is including the mile run in its secondary-school fitness test for girls. The time for this event is approximately normally distributed with a mean of 400 seconds and a standard deviation of 40 seconds. If the association wants to select the fastest 5% as “exceptional”, what is the maximum time (in seconds) a runner will need in order to qualify as “exceptional”?

Select one:

a. 520

b. 400

c. 466

d. 334.2

A company packages drought beer in cans. The volume of the cans follow a normal distribution with a standard deviation of 4 ml. If 5% of the cans contain more than 358 ml of beer, what is the mean volume of the canned beers?

Select one:

a. 344.7

b. 360.2  

c. 351.4  

d. 372.0

e. 361.2  

Population increase in northern Virginia requires new road constructions and repairs annually from 2018. More public schools will be also needed by 2027. The state of Virginia is considering an option to meet the needs for more roads and schools. The option is building toll roads financed by sales tax now and building more schools in 2027 which will be financed by revenue from toll roads.

Information:

Toll road building costs

2018: $25 million

2019: $25 million

2020: $20 million

Annual expected number of toll road users/vehicles per day: 22,000 from 2021.

User charge = $3.00

Annual expected cost of new road constructions and repairs is $5 million from 2021.

Required school investment in 2027: $60 million (in 2018 $).

a. First, find out a discount rate that you believe is appropriate for your analysis and explain how you came up with the discount rate you selected. Any reference(s)?

b. Will the project of building toll roads bring enough financial resource for school investment in 2027? If not, calculate the user charge (toll charge) that will bring enough financial resources for school investment in 2027.

The probability of finding a seafood restaurant in a small beach town is 37/100. You decide to look in 15 different small beach towns for a seafood restaurant.

What are the potential outcomes of finding seafood restaurants in each town?

What are the potential outcomes of finding seafood restaurants in 5 or fewer towns?

What are the potential outcomes of finding seafood restaurants in 10 of the towns?

Please explain the calculations and reasoning.

A local town is under pressure from voters to close a polluting factory. The head of the homeowner’s organization argues that the pollution is a menace, and if the full external costs of the pollution were calculated, the factory would not be profitable. The homeowners calculate that the pollution generates an external cost of $3,000,000 per year in medical bills and $1,000,000 per year in suppressed property values, which reflects the difference in home prices with and without pollution. That factory makes a profit of $5,000,000 per year.

i.What is the external cost of the pollution?

ii.If the factory is forced to consider the total social costs of pollution, would it be profitable?

iii.How much could the town tax the factory before profits become zero?

iv. What does the Coase theorem suggest about negotiations between the town and the factory?

Please try to type your solution for this question, so I can read it without a problem. I truly appreciate you for typing in advance.

The Question:

An FBI survey shows that about 80% of all property crimes go unsolved. Suppose that in your town 3 such crimes are committed and they are each deemed independent of each other. X is the number of crimes will be solved in your town. Complete the table below for the probability mass function and cumulative probability function of the random variable X using the probabilities listed below.

1. (5 points) The values missing from the table are:

2. (5 points) Find the expected number of crimes will be solved in your town.

. What factors have caused the decrease in loan volume relative to other assets on the balance sheets of commercial banks? How has each of these factors been related to the change and development of the financial services industry during the 1990s and 2000s? What strategic changes have banks implemented to deal with changes in the financial services environment?

? A. B. C. D. E. 1.The amount of charge on a capacitor in an electric circuit decreases by 30% each second.

   ?    A    B    C    D    E      2. Polluted water is passed through a series of filters. Each filter removes all but 30% of the remaining impurities from the water.

   ?    A    B    C    D    E      3. In 1950, the population of a town was 3000 people. Over the course of the next 50 years, the town grew at a rate of 10% per decade.

   ?    A    B    C    D    E      4. The percent of a lake's surface covered by algae, initially at 35%, was halved each year since the passage of anti-pollution laws.

   ?    A    B    C    D    E      5. In 1950, the population of a town was 3000 people. Over the course of the next 50 years, the town grew at a rate of 250 people per year.

A. ?(?)=?(0.3)?f(x)=B(0.3)x

B. ?(?)=?(2)−?f(x)=A(2)−x

C. ?(?)=?0+??f(x)=P0+rx

D. ?(?)=?(0.7)?f(x)=B(0.7)x

E. ?(?)=?0(1+?)?f(x)=P0(1+r)x