How does the fact that Canadians or other foreign nationals come to America for health care tend to influence the measured share of our GDP that is devoted to health care in America. Does their spending show up in the numerator used to calculate that share. Does their income show up in the demoninator

An online site presented this​ question, "Would the recent norovirus outbreak deter you from taking a​ cruise?" Among the

34 comma 303

people who​ responded,

69

​%

answered​ "yes." Use the sample data to construct a

90

​%

confidence interval estimate for the proportion of the population of all people who would respond​ "yes" to that question. Does the confidence interval provide a good estimate of the population​ proportion?

Alyeski Tours operates day tours of coastal glaciers in Alaska on its tour boat the Blue Glacier. Management has identified two cost drivers—the number of cruises and the number of passengers—that it uses in its budgeting and performance reports. The company publishes a schedule of day cruises that it may supplement with special sailings if there is sufficient demand. Up to 81 passengers can be accommodated on the tour boat. Data concerning the company’s cost formulas appear below:

For example, vessel operating costs should be $6,400 per month plus $477.00 per cruise plus $3.10 per passenger. The company’s sales should average $31.00 per passenger. The company’s planning budget for July is based on 52 cruises and 3,150 passengers.

Required:

Complete the company’s planning budget for July

Revenue

Expenses:

Vessel Operating Costs

Advertising Costs

Administrative Costs

Insurance

Total Expense:

Net Operating Income

1) A project has the following cash flows:

Year 0 -$22,500, Year 1 $12,650, Year 2 $10,900, and Year 3 $6,500. What is the IRR of the project? Please round your answer to two decimal places.

2) Following question 1, suppose the cost of capital is 15%. Would you accept or reject the project according to the IRR criterion? Accept or Reject

3) Following questions 1 and 2, which of the following statements about the IRR rule is false?

- The IRR of the project would be higher if the cash flow in year 3 is increased to $7,500.

- The IRR of the project will remain the same as in question 1 even if the cost of capital is increased to 20%.

- The investment decision by the IRR rule will remain unchanged even if the cost of capital is increased to 20%.

- Both (B) and (C) are false.

4) OpenSeas Inc., is evaluating the purchase of a new cruise ship. The ship would cost $400 million today. OpenSeas expects annual cash flows from the new ship to be $70 million and these cash flows will last forever. The cost of capital is 16%. What is the IRR of the new cruise ship? Answer in unit of %

Problem 13-3 Current-noncurrent classification of debt [LO13-1, 13-4]

The balance sheet at December 31, 2018, for Nevada Harvester Corporation includes the liabilities listed below:

1. 11% bonds with a face amount of $40 million were issued for $40 million on October 31, 2009. The bonds mature on October 31, 2029. Bondholders have the option of calling (demanding payment on) the bonds on October 31, 2019, at a redemption price of $40 million. Market conditions are such that the call is not expected to be exercised.
2. Management intended to refinance $6 million of its 10% notes that mature in May 2019. In early March, prior to the actual issuance of the 2018 financial statements, Nevada Harvester negotiated a line of credit with a commercial bank for up to $5 million any time during 2019. Any borrowings will mature two years from the date of borrowing.
3. Noncallable 12% bonds with a face amount of $20 million were issued for $20 million on September 30, 1996. The bonds mature on September 30, 2019. Sufficient cash is expected to be available to retire the bonds at maturity.
4. A $12 million 9% bank loan is payable on October 31, 2024. The bank has the right to demand payment after any fiscal year-end in which Nevada Harvester’s ratio of current assets to current liabilities falls below a contractual minimum of 1.7 to 1 and remains so for six months. That ratio was 1.45 on December 31, 2018, due primarily to an intentional temporary decline in inventory levels. Normal inventory levels will be reestablished during the first quarter of 2019.

Required:
1. For each liability listed above, what amount will be reported as a current liability on the December 31, 2018 balance sheet?
2. Prepare the liability section of a classified balance sheet for Nevada Harvester at December 31, 2018. Accounts payable and accruals are $22 million.
  

The Automobile Film Club of America

Ralph Lucci, owner of The Automobile Film Club of America in Stapleton, New York, operated a true niche market business. Lucci’s business rented vintage and specialty cars for use in movies and television shows filmed in the New York City area. The Automobile Film Club of America had been operating since 1993. Although the business suffered in the aftermath of 9/11, it survived that setback, and Lucci was able to rebuild the company as film and television production returned to New York. At its peak, the business grew to 14 full-time employees who helped support the more than 300 cars the company rented for film and television productions. However, over the next few years the business faced more challenges. The company lost the lease on the lot it used to store the cars, and Lucci could not find a lot large enough to keep his entire inventory, forcing him to sell off many of the cars. Revenues declined, and soon the business could support only him and his wife on the payroll. When hurricane Irene hit in 2011, the company took another financial hit due to damage to its property and lost business. However, the worst was yet to come. When hurricane Sandy hit in October 2012, the storm surge flooded his car lot and garage, completely submerging almost all of his cars in salt water. The cars and much of his equipment were a total loss. The building he used for offices and car maintenance also was severely damaged by the flooding. He estimated that the total loss was more than $400,000. The only insurance he carried on the business was for liability, so there was no coverage for his lost property. Lucci, who is 60 years old, must decide whether he is willing to use his personal assets, including his home, as collateral and attempt to secure a business loan to restart his company. Eatwhatever Jacqui Rosshandler, an Australian ex-pat working for an interior design company in New York City, wanted to start a business and leave her corporate career. She had noticed that a popular breath-freshening product sold in Australia was not available in the United States. The product was a gel cap made from meat byproducts, but Rosshandler decided to make her product from organic peppermint oil and parsley seed oil. Much of the source of bad breath is in the stomach, not the mouth, so the gel caps were very effective. However, she knew that American consumers were used to sucking on breath mints. She decided that she would package the gel cap with a breath mint, so consumers could suck on the mint after swallowing the gel cap. She would market her product as Eatwhatever. Rosshandler outsourced product formulation and production to a contract manufacturer. She hired a packaging designer to cre- ate a package that displayed the product in a clear and attractive way. Eatwhatever is marketed as “2 Steps to Kissable Breath.” Although customers loved her product, she had a difficult time getting contracts with large retailers. She had success selling online and in specialty shops, but it was not enough to fund the growth of the company. Cash was tight. In fact, cash was so tight that she did not have enough to pay for marketing or for a new production run. Rosshandler met Arthur T. Shorin, an angel investor and former CEO in the candy industry. Shorin liked the product and offered to invest $250,000, connect Rosshandler with people he knew in the industry, and give her a salary on top of the investment in the company. In return, he would take 75 percent owner- ship in the business. Rosshandler could earn back 15 percent of the company if revenues met certain targets. Although her friends urged her not to accept his terms, she was concerned that her business would not succeed unless it got the cash and connections Shorin offered her.

Which of the funding sources do you recommend that Ralph Lucci and Jacqui Rosshandler consider for financing their businesses?

Which sources do you recommend they not use? Why?

What can entrepreneurs do to increase the probability that bankers will approve their loan requests?

Estimate Keq for the following equilibria at 350 K. R = 8.3145 J/(mol*K). Substance ΔHo(kJ/mol) So(J/(mol*K)) SnO2(s) -577.6 49.0 H2(g) 0 130.680 CO(g) -110.5 197.7 Sn(s, white) 0 51.2 H2O(l) -285.83 69.95 Fe(s) 0 27.3 Fe3O4(s) -1118.4 146.4 Correct answer. Correct. SnO2(s) + 2H2(g) ⇄ Sn(s, white) + 2H2O(l) The number of significant digits is set to 2; the tolerance is +/-3% LINK TO TEXT Incorrect answer. Incorrect. 3Fe(s) + 4H2O(l) ⇄ Fe3O4(s) + 4H2(g) Entry field with incorrect answer now contains modified data The number of significant digits is set to 2; the tolerance is +/-3%

A jogger travels a route that has two parts. The first is a displacement of 2.90 km due south, and the second involves a displacement that points due east. The resultant displacement + has a magnitude of 3.90 km. (a) What is the magnitude of , and (b) what is the direction of + as a positive angle relative to due south? Suppose that - had a magnitude of 3.90 km. (c) What then would be the magnitude of , and (d) what is the direction of - relative to due south?

1. If interest rates increase in South Africa, what will follow? Circle all of the correct responses based on the below option:

1. South Africa’s currency (the Rand) will depreciate in value
2. South Africa will import more than it exports
3. South Africa’s balance of trade position will lead to more of a surplus position
4. Countries that export products to South Africa will be pleased
5. Countries that import products from South Africa will be pleased

2. Australia suddenly experiences more of a balance of trade surplus. What can we attribute this to? Circle all of the correct responses based on the below option:

1. The Australian dollar depreciated in value
2. Interest rates increased in Australia
3. Interest rates decreased in Australia
4. The Australian dollar appreciated in value

3. BRL is the symbol for the Brazilian Real, the name of Brazil’s currency. USD/BRL 4. A Honda CTX700 motorcycle sells for $7,400 in the U.S. Is the Brazilian Real over or undervalued?

Please answer all questions, need to check my answers.

I'm very confused about this whole import & export concept and how it is affected by rising or declining interest rates. If you could please explain it to me I'd really appreciate it

Presented below are ten independent scenarios describing possible errors. In each, the time is early 2020
and fiscal year 2019 adjusting entries have already been recorded before the described facts come to light.
However, the fiscal year 2019 books have not yet been closed.

5. At the fiscal 2018 year-end, Five Co. owned equipment with a $15,000 book value and an original cost
of $70,000. Due to technological advances, Five had judged it to be obsolete at that date but had
overlooked this fact when preparing the fiscal 2018 financial statements. In early 2019. Five was able
to sell the machine as scrap for $1,000, recording a $14,000 loss.

6. Near the end of fiscal 2018, Six Co. had swapped a car having a $6,000 book value and an original
cost of $20,000 for a similar car determined to have a fair value of $7,000, recording a $1,000 gain on
the exchange. However, the car acquired is not expected to have any significant impact on the
company’s financial position, Six having made the swap mainly because Six’s owner liked the car’s
styling and more comfortable seating. Six began depreciating the acquired car in fiscal 2019 using the
straight-line method with an estimated five-year life and an expected $500 salvage value.

7. Seven Co. uses the double-declining balance method for all depreciable assets. At the start of fiscal
2018, Seven Co. paid $45,000 for a truck having an estimated useful life of five years and an expected
salvage value of $5,000. Seven has been deducting this salvage in calculating the truck’s depreciation.

8. Eight Co. had received $51,600 in loan proceeds on January 1, 2018 by issuing a 3-year, $65,000
non-interest-bearing note reflecting implicit interest (return to the lender) of 8%. Eight recorded the loan
at the net proceeds amount but has not made any note-related journal entries since obtaining it.

9. On January 2, 2013, Nine Co. issued $100,000 of 5%, 10-year bonds at 95. Interest is payable
semiannually, and the bonds are callable at 101 on any interest payment date. In addition, each $1,000
bond is convertible into 20 shares of Nine’s $10 par value common stock. Nine called all the bonds on
December 31, 2018 and recorded the difference between the bonds’ call price and their book value at
that date as a reduction of additional paid-in capital. Nine had been using straight-line amortization,
having judged its results as not differing materially from those under the effective-interest method.

10. In fiscal 2018, Ten Co. began selling a product with a three-year warranty. Sales in fiscal 2018 totaled
$500,000 and in fiscal 2019 grew to $800,000. Ten had estimated that its total warranty costs over
every three-year warranty period would approximate 2% of each year’s sales, and its actual warranty
costs amounted to $3,000 in fiscal 2018 and $14,000 in fiscal 2019. Ten has not been accruing warranty
costs but has instead been expensing the actual warranty costs incurred.

Required—For each of the ten independent scenarios above, identify any errors indicated by the facts and
prepare, if needed, the fiscal 2019 journal entry(s) to correct those errors, assuming that any corrections
related to income taxes will be calculated and recorded separately (i.e., prepare correcting entries ignoring
income tax effects).