1. Your I-phone has a numeric passcode to press to access it. This code consists of 4 numbers. If someone tries the codes and gets them incorrect, the phone will shut down after three incorrect attempts. What is the probability that a person who is just guessing the code will get it correct within three guesses (hint…how does this compare to the probability of not getting it right in three attempts)?

For the following exercise, draw a Logical Ladder to solve the automation problem. After you press push button, you want Lights/LEDs behave as follows:

a. LED 1 will turn on, and stay on until LED 3 turns on

b. LED 2 will turn on only for 5 seconds

c. LED 3 will turn on after 8 seconds and stay on only for 1 second.

After checking that interest rate yield curves in the financial press are normal than inverted, the treasurer is now looking to hedge the interest rate exposure. Traditionally Sigma Company has used forward rate agreements (FRAs) for hedging interest rate risk exposure but the treasurer is now considering using interest rate futures, although he is concerned that futures will not be as good a hedge as the FRAs.

Sigma Company’s bank have offered an FRA on the following terms:

3v9 FRA 7.2 – 7.8%.

Which one of the following would NOT be a possible explanation for the normal yield curve observed?

Select one:

a. Expectations theory

b. Liquidity preference theory

c. Market segmentation theory

d. An expected rise in interest rates

1.Find a current article of substance in the business press (for example, the Wall Street Journal, the Financial Times, Fortune, BusinessWeek, Inc., Bloomberg, etc.) that discusses topics covered in this course. If you are having trouble finding an article, read through the table of contents to familiarize yourself with the names of concepts that will be presented later in the term. Read your article carefully, making notes about relevant content. Write a two-page summary of the key points in your article, how it relates to the economy, your thoughts on the topic of the article.

Windows 10 Inside Out:

In the Search box on the Taskbar, type WordPad and press “Enter”.

Type some text into WordPad.

A) What keyboard shortcuts would you use to select all of this text and copy it to the Clipboard? (See Table 3-2 on page 103.)

B) Go the end of the text in WordPad. What keyboard shortcut would you use to paste what you copied into WordPad?

C) What keyboard shortcut would you use to Undo what you just pasted into WordPad?

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How would you change the primary mouse button to right?

Adjust the size of text in the Display setting.

What size did you decide works best for you?

When companies offer new equity security issues, they publicize the offerings in the financial press and on Internet sites. Assume the following were among the equity offerings reported in December 2021:

Required:
Prepare the appropriate journal entries to record the sale of both issues to underwriters. Ignore share issue costs. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.)

Last year Deiters Aluminum purchased a new press machine used in manufacturing for $308,000. At a trade show the VP of Manufacturing learned about a new machine that is available that offers many advantages and can be purchased for $440,000 today. The new press machine would be depreciated on a straight line basis for 10 years after which it would have no salvage value. The VP of Manufacturing expects that the new machine will produce EBITDA (earnings before interest, taxes, depreciation and amortization) of $75,000 per year for the next 10 years. The current machine is expected to produce EBITDA of $49,000 per year. The current machine is being depreciated on a straight line basis over a useful life of 11 years after which it will have no salvage value; so the depreciation expense for the current machine is $28,000 per year. All other expenses of the two machines are identical. The market value of the current machine is $250,000. Your company's tax rate is 21% and the cost of capital is 12%. Calculate the NPV of the replacement decision and choose the best answer below.

The Cabbage Patch Company currently uses a printing press that was purchased 5 years ago. The machine has a life of 15 years and was purchased for $7500. The current book value of the machine is $5000. A new machine costing $12,000 can be purchased with a life of 10 years and will expand sales from $10,000 to $11,000 a year. Also labor cost would be reduced from $7,000 to $5,000. The new machine will have a salvage value of $2,000 at the end of 10 years. The old machine has a market value of $1000. Taxes are at a 40% rate and the firm’s cost of capital is 10%. The company will sell the new equipment at the end of its life for $2,000. The old equipment has a zero salvage value.

1. Use straight line depreciation to calculate the depreciation.

2. Calculate the net present value of the new machine

A 70.0-kg grindstone is a solid disk 0.530m in diameter. You press an ax down on the rim with a normal force of 160N (Figure 1) . The coefficient of kinetic friction between the blade and the stone is 0.60, and there is a constant friction torque of 6.50N?m between the axle of the stone and its bearings.

A.How much force must be applied tangentially at the end of a crank handle 0.500 m long to bring the stone from rest to 120 rev/min in 8.00s ?

B.After the grindstone attains an angular speed of 120 rev/min, what tangential force at the end of the handle is needed to maintain a constant angular speed of 120 rev/min?

C.How much time does it take the grindstone to come from 120 rev/min to rest if it is acted on by the axle friction alone?

When companies offer new debt security issues, they publicize the offerings in the financial press and on Internet sites. Assume the following were among the debt offerings reported in December 2018:

Required:
1. Prepare the appropriate journal entries to record the sale of both issues to underwriters. Ignore share issue costs and assume no accrued interest.

• - Record the sale of National Equipment Transfer Corporation to underwriters.
• - Record the sale of IgWig, Inc. to underwriters.

2. Prepare the appropriate journal entries to record the first semiannual interest payment for both issues.

- Record the first semiannual payment for National Equipment Transfer Corporation.

- Record the first semiannual payment for IgWig, Inc.