Ms. V, a wealthy art collector in Country W, is interested in buying a rare painting from Mr. Y in Country Z. Both parties agree that the price is to be determined by an independent appraiser. V informs Y that she will send her agent, X, with a check to collect the painting. V draws a check payable to Y but leaves the amount blank. She gives the check to X and instructs him to deliver it to Y. Without authority, X fills in the amount for $1 million and presents it to Y, who has, in the meantime, received the appraisal. The appraised price is $750,000. X tells Y that Ms. V had made the check out for $1 million to ensure that it will exceed the appraisal price, and that V has instructed X to return with the painting and the difference in cash. Y gives X the painting and $250,000. X delivers the painting but then disappears with the $250,000 in cash. When V discovers what has happened, she stops payment on her check and offers to pay Y $750,000 for the painting. Y insists that V must pay the check's full face value of $1 million. Is Y correct? Why or why not?
In: Economics
Joshua company had the following information in 2016.
Accts Rec 12/31/16.....$15000
Allowance for uncollected account 12/31/16 (before adjustment).....$950
credit service revenue during 2016.....$45000
Cash service revenue during 2016.....$15000
Collections from customers on account during 2016.......$45000
If uncollectible accounts are determined by the aging-of-receivables method to be $ 1 240, the uncollectible account expense for 2016 would be $ 290. Using the aging-of-receivables method, the balance of the Allowance account after the adjusting entry at year-end 2016 would be
In: Accounting
Derive the following statement
"T(temperatue)-V(volume) and P(pressure)-V(volume) relationship in the adiabatic changes"
In: Chemistry
Prepare a comprehensive and thumbnail brief of each of the following opinions:
United States v. Kovel
Brown v. Hammond
In: Operations Management
South Sea Baubles has the following (incomplete) balance sheet and income statement.
| BALANCE SHEET AT END OF YEAR | ||||||||||||||
| (Figures in $ millions) | ||||||||||||||
| Assets | 2015 | 2016 | Liabilities and Shareholders' Equity | 2015 | 2016 | |||||||||
| Current assets | $ | 96 | $ | 170 | Current liabilities | $ | 62 | $ | 78 | |||||
| Net fixed assets | 860 | 960 | Long-term debt | 630 | 810 | |||||||||
| INCOME STATEMENT, 2016 | |||
| (Figures in $ millions) | |||
| Revenue | $ | 1,980 | |
| Cost of goods sold | 1,060 | ||
| Depreciation | 380 | ||
| Interest expense | 246 | ||
a&b. What is shareholders’ equity in 2015 and 2016? (Enter your answers in millions.)
a. 2015?
b. 2016?
c&d. What is net working capital in 2015 and 2016? (Enter your answers in millions.)
C. 2015?
d. 2016?
e. What are taxes paid in 2016? Assume the firm pays taxes equal to 35% of taxable income. (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.)
f. What is cash provided by operations during 2016? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.)
g. Net fixed assets increased from $860 million to $960 million during 2016. What must have been South Sea’s gross investment in fixed assets during 2016? (Enter your answer in millions.)
In: Finance
[system of linear Differential Equations] Use matrix methods to solve the follow initial -value problem,
u (t) = 2u (t) + 2v (t) + 4
V (t) = u (t) + 3v (t) – 1
u (0) = 2
v (0) = -1
[ find, u (t) and v (t) ].
In: Math
The expected return on stock W is 10% and its standard deviation is 15%. Expected return on stock V is 16% and its standard deviation is 24%. The correlation between returns of W and V is 20%.
a) calculate expected return and standard deviation of a portfolio that invests 40% in W and 60% in V.
b) determine the minimum variance combination of W and V and determine its expected return and standard deviation.
c) If the risk-free rate is 4%, determine the tangency portfolio and derive the capital market line equation.
In: Finance
In: Chemistry
A 197 Ω resistor, a 0.925 H inductor, and a 5.75 μF capacitor are connected in series across a voltage source that has voltage amplitude 31.5 V and an angular frequency of 230 rad/s. What is v at t= 19.0 ms? What is vR at t= 19.0 ms? What is vL at t= 19.0 ms? What is vC at t= 19.0 ms? Compare vC+vL+vR and v at this instant. What is VR? What is VC? What is VL? Compare V and VL+VC+VR.
In: Physics
5. For the titration of 50.00 mL of 0.0500 M Ce4+ with 0.1000 M Fe2+ in the presence of 1 M H2SO4, please calculate the system potential while 3.00 mL of Fe2+ is added.
Ce4+ + e <==> Ce3+, E0 = + 1.44 V (in 1 M H2SO4)
Fe3+ + e <==> Fe2+, E0 = + 0.68 V (in 1 M H2SO4).
Answer is 1.49 V
5b) In the above titration, what's the electrode potential after 28.90 mL of Fe2+ is added?
Answer is 0.73 V.
Just wondering, how they got that?
In: Chemistry