low carbon steel having a tensile strength of 350 MPa and shear strength of 250 MPa is cut in a turning operation with a cutting speed of 200 m/min. The feed is 0.3 mm/rev and the depth of cut is 4.8 mm. The rake angle of the tool is 12 degrees in the direction of chip flow. The resulting chip ratio is 0.8. Using the orthogonal model as an approximation of turning determine...
a.The shear plane angle.
b. Shear force
c. Cutting force
d. Friction force
e. Normal force to shear and coefficient of friction.
f. Cutting power and cutting horsepower.
In: Mechanical Engineering
What is the duration GAP of a bank whose assets and liabilities are as follows? Assets: Cash $48 million Short-term Investments (D=0.8) $149 million Short-term Loans (D=0.6) $201 million Long-term Investments (D=4.2) $254 million Long-term Loans (D=6.2) $398 million Liabilities: Demand Deposits $46 million Short-term Interest-bearing Deposits (D=0.3) $595 million CDs (D=2.5) $148 million Borrowed funds (D=0.1) $153 million Round to three decimals.
In: Finance
What is the duration GAP of a bank whose assets and liabilities are as follows?
Assets:
Cash $52 million
Short-term Investments (D=0.4) $153 million
Short-term Loans (D=0.8) $201 million
Long-term Investments (D=3.8) $247 million
Long-term Loans (D=5.2) $400 million
Liabilities:
Demand Deposits $46 million
Short-term Interest-bearing Deposits (D=0.3) $592 million
CDs (D=2.8) $148 million
Borrowed funds (D=0.1) $151 million
Round to three decimals.
In: Finance
Calculate the contribution to total performance from currency, country, and stock selection for the manager in the example below. All exchange rates are expressed as units of foreign currency that can be purchased with 1 U.S. dollar. (Do not round intermediate calculations. Round your answers to 2 decimal places. Input all amounts as positive values.)
EAFE Weight / Return on Equity Index/ E1/E0 / Manager's Weight / Manager's Return
Europe 0.1 12%. 0.8. 0.25 17 %
Australasia 0.3 18% 1 0.22 14 %
Far East 0.6 17% 1.2 0.53 14%
In: Finance
A movie theater is planning to offer the possibility to book the seats either online or at the kiosk of the theater. Design the booking application for the theater taking in account the following consideration:
- The theater has 100 seats only.
- More than one user may be trying to book the same seat at the same time.
- Any seat can be booked by only one user.
- A seat can be available for the kiosk agent and the online user at the same time but can be booked by only one of them.
- If the client did not book a seat online or changed his/her mind at the kiosk, the seat must be available again for booking.
Use the process synchronization techniques. You are allowed to use variables as much as you need in the design.
The code does not have to be complicated or detailed. Thanks for the help!
In: Electrical Engineering
Provide summary statistics for ?, ?1, ?2. In particular, what is the mean, median, and standard deviation across your 51 observations? Report the results for two simple least-squares regression estimates: ? on ?1 and ? on ?2. For each regression, your report should include the estimate of the intercept, the estimate of the coefficient on the ? variable, as well as the standard error and P-value for each of those estimates. And in words, interpret these results. (How should we interpret the intercepts? What about the slope coefficients? What about the P-values?)
| State Name | X1 /Total of NICS Firearm Background Checks (12 months) | X2/ Gun Ownership | Y/ Gun Murder Rate per 100K |
| Alabama | 737,509 | 51.70% | 2.8 |
| Alaska | 85,621 | 57.80% | 2.7 |
| Arizona | 331,442 | 31.10% | 3.6 |
| Arkansas | 257,346 | 55.30% | 3.2 |
| California | 1,761,079 | 21.30% | 3.4 |
| Colorado | 454,062 | 34.70% | 1.3 |
| Connecticut | 307,750 | 16.70% | 2.7 |
| Delaware | 50,416 | 25.50% | 4.2 |
| District of Columbia | 742 | 3.60% | 16.5 |
| Florida | 1,147,082 | 24.50% | 3.9 |
| Georgia | 566,946 | 40.30% | 3.8 |
| Hawaii | 2,066 | 6.70% | 0.5 |
| Idaho | 15,290 | 55.30% | 0.8 |
| Illinois | 136,946 | 20.20% | 2.8 |
| Indiana | 1,247,398 | 39.10% | 2.2 |
| Iowa | 1,076,917 | 42.90% | 0.7 |
| Kansas | 147,309 | 42.10% | 2.2 |
| Kentucky | 185,859 | 47.70% | 2.7 |
| Louisiana | 3,218,371 | 44.10% | 7.7 |
| Maine | 372,613 | 40.50% | 0.8 |
| Maryland | 94,744 | 21.30% | 5.1 |
| Massachusetts | 18 | 12.60% | 1.8 |
| Michigan | 125,694 | 38.40% | 4.2 |
| Minnesota | 167,285 | 41.70% | 1 |
| Mississippi | 500,921 | 55.30% | 4 |
| Missouri | 519,244 | 41.70% | 5.4 |
| Montana | 252,372 | 57.70% | 1.2 |
| Nebraska | 584,875 | 38.60% | 1.8 |
| Nevada | 127,705 | 33.80% | 3.1 |
| New Hampshire | 79,340 | 30.00% | 0.4 |
| New Jersey | 127,480 | 12.30% | 2.8 |
| New Mexico | 136,816 | 34.80% | 3.3 |
| New York | 90,034 | 18.00% | 2.7 |
| North Carolina | 147,912 | 41.30% | 3 |
| North Dakota | 346,048 | 50.70% | 0.6 |
| Ohio | 531,876 | 32.40% | 2.7 |
| Oklahoma | 69,429 | 42.90% | 3 |
| Oregon | 748,502 | 39.80% | 0.9 |
| Pennsylvania | 359,276 | 34.70% | 3.6 |
| Rhode Island | 276,126 | 12.80% | 1.5 |
| South Carolina | 993,429 | 42.30% | 4.5 |
| South Dakota | 15,892 | 56.60% | 1 |
| Tennessee | 22,129 | 43.90% | 3.5 |
| Texas | 326,997 | 35.90% | 3.2 |
| Utah | 100,268 | 43.90% | 0.8 |
| Vermont | 654,192 | 42.00% | 0.3 |
| Virginia | 1,574,266 | 35.10% | 3.1 |
| Washington | 254,814 | 33.10% | 1.4 |
| West Virginia | 34,588 | 55.40% | 1.5 |
| Wisconsin | 1,342 | 44.40% | 1.7 |
| Wyoming | 462,997 | 59.70% | 0.9 |
In: Statistics and Probability
Integrative Exercise
Cost Behavior and Cost-Volume-Profit Analysis for Many Glacier
Hotel
Using the High-Low Method to Estimate Variable and Fixed Costs
Located on Swiftcurrent Lake in Glacier National Park, Many Glacier Hotel was built in 1915 by the Great Northern Railway. In an effort to supplement its lodging revenue, the hotel decided in 20X1 to begin manufacturing and selling small wooden canoes decorated with symbols hand painted by Native Americans living near the park. Due to the great success of the canoes, the hotel began manufacturing and selling paddles as well in 20X3. Many hotel guests purchase a canoe and paddles for use in self-guided tours of Swiftcurrent Lake. Because production of the two products began in different years, the canoes and paddles are produced in separate production facilities and employ different laborers. Each canoe sells for $500, and each paddle sells for $50. A 20X3 fire destroyed the hotel’s accounting records. However, a new system put into place before the 20X4 season provides the following aggregated data for the hotel’s canoe and paddle manufacturing and marketing activities:
| Manufacturing Data: | ||||||||||||||
| Year | Number of Canoes Manufactured |
Total Canoe Manufacturing Costs |
Year | Number of Paddles Manufactured |
Total Paddle Manufacturing Costs |
|||||||||
| 20X9 | 250 | $103,000 | 20X9 | 900 | $38,500 | |||||||||
| 20X8 | 275 | 128,000 | 20X8 | 1,200 | 49,000 | |||||||||
| 20X7 | 240 | 108,000 | 20X7 | 1,000 | 44,000 | |||||||||
| 20X6 | 310 | 114,000 | 20X6 | 1,100 | 45,500 | |||||||||
| 20X5 | 350 | 141,500 | 20X5 | 1,400 | 52,000 | |||||||||
| 20X4 | 400 | 140,000 | 20X4 | 1,700 | 66,500 | |||||||||
| Marketing Data: | ||||||||||||||
| Year | Number of Canoes Sold |
Total Canoe Marketing Costs |
Year | Number of Paddles Sold |
Total Paddle Marketing Costs |
|||||||||
| 20X9 | 250 | $45,000 | 20X9 | 900 | $7,500 | |||||||||
| 20X8 | 275 | 43,000 | 20X8 | 1,200 | 9,000 | |||||||||
| 20X7 | 240 | 44,000 | 20X7 | 1,000 | 8,000 | |||||||||
| 20X6 | 310 | 51,000 | 20X6 | 1,100 | 8,500 | |||||||||
| 20X5 | 350 | 62,000 | 20X5 | 1,400 | 10,000 | |||||||||
| 20X4 | 400 | 60,000 | 20X4 | 1,700 | 11,500 | |||||||||
Required:
1. High-Low Cost Estimation Method
a. Use the high-low method to estimate the per-unit variable costs and total fixed costs for the canoe product line.
| Variable cost per unit | $ |
| Total fixed cost | $ |
b. Use the high-low method to estimate the per-unit variable costs and total fixed costs for the paddle product line.
| Variable cost per unit | $ |
| Total fixed cost | $ |
2. Cost-Volume-Profit Analysis, Single-Product
Setting
Use CVP analysis to calculate the break-even point in units for
a. The canoe product line only (i.e., single-product setting)
| BE units | canoes |
b. The paddle product line only (i.e., single-product setting)
| BE units | paddles |
3. Cost-Volume-Profit Analysis, Multiple-Product Setting
The hotel's accounting system data show an average sales mix of approximately 300 canoes and 1,200 paddles each season. Significantly more paddles are sold relative to canoes because some inexperienced canoe guests accidentally break one or more paddles, while other guests purchase additional paddles as presents for friends and relatives. In addition, for this multiple-product CVP analysis, assume the existence of an additional $30,000 of common fixed costs for a customer service hotline used for both canoe and paddle customers. Use CVP analysis to calculate the break-even point in units for both the canoe and paddle product lines combined (i.e., the multiple-product setting).
| Canoe BE units | canoes |
| Paddle BE units | paddles |
4. Cost Classification
a. Classify the manufacturing costs, marketing costs, and customer service hotline costs either as production costs or period costs.
All manufacturing costs are costs. All marketing costs and customer hotline costs are costs
b. For the period costs, further classify them into either selling expenses or general and administrative expenses.
Marketing costs are selling oriented; therefore, the marketing period costs would be further classified as . Customer hotline costs relate to the customer service section of the value chain and would be further classified as .
5. Sensitivity Cost-Volume-Profit Analysis and Production Versus Period Costs, Multiple- Product Setting
If both the variable and fixed production costs (refer to your answer to Requirement 1) associated with the canoe product line increased by 5% (beyond the estimate from the high-low analysis), how many canoes and paddles would need to be sold in order to earn a target income of $96,000? Assume the same sales mix and additional fixed costs as in Requirement 3.
| Canoe target income units | canoes |
| Paddle target income units | paddles |
6. Margin of Safety
Calculate the hotel’s margin of safety (both in units and in
sales dollars) for Many Glacier Hotel, assuming the same facts as
in Requirement 3, and assuming that it sells 700 canoes and 2,500
paddles next year.
total MOS units above total BE units
$ MOS in sales dollars
In: Accounting
Cost Behavior and Cost-Volume-Profit Analysis for Many Glacier Hotel
Using the High-Low Method to Estimate Variable and Fixed Costs
Located on Swiftcurrent Lake in Glacier National Park, Many Glacier Hotel was built in 1915 by the Great Northern Railway. In an effort to supplement its lodging revenue, the hotel decided in 20X1 to begin manufacturing and selling small wooden canoes decorated with symbols hand painted by Native Americans living near the park. Due to the great success of the canoes, the hotel began manufacturing and selling paddles as well in 20X3. Many hotel guests purchase a canoe and paddles for use in self-guided tours of Swiftcurrent Lake. Because production of the two products began in different years, the canoes and paddles are produced in separate production facilities and employ different laborers. Each canoe sells for $500, and each paddle sells for $50. A 20X3 fire destroyed the hotel’s accounting records. However, a new system put into place before the 20X4 season provides the following aggregated data for the hotel’s canoe and paddle manufacturing and marketing activities:
| Manufacturing Data: | ||||||||||||||
| Year | Number of Canoes Manufactured |
Total Canoe Manufacturing Costs |
Year | Number of Paddles Manufactured |
Total Paddle Manufacturing Costs |
|||||||||
| 20X9 | 250 | $103,000 | 20X9 | 900 | $38,500 | |||||||||
| 20X8 | 275 | 128,000 | 20X8 | 1,200 | 49,000 | |||||||||
| 20X7 | 240 | 108,000 | 20X7 | 1,000 | 44,000 | |||||||||
| 20X6 | 310 | 114,000 | 20X6 | 1,100 | 45,500 | |||||||||
| 20X5 | 350 | 141,500 | 20X5 | 1,400 | 52,000 | |||||||||
| 20X4 | 400 | 140,000 | 20X4 | 1,700 | 66,500 | |||||||||
| Marketing Data: | ||||||||||||||
| Year | Number of Canoes Sold |
Total Canoe Marketing Costs |
Year | Number of Paddles Sold |
Total Paddle Marketing Costs |
|||||||||
| 20X9 | 250 | $45,000 | 20X9 | 900 | $7,500 | |||||||||
| 20X8 | 275 | 43,000 | 20X8 | 1,200 | 9,000 | |||||||||
| 20X7 | 240 | 44,000 | 20X7 | 1,000 | 8,000 | |||||||||
| 20X6 | 310 | 51,000 | 20X6 | 1,100 | 8,500 | |||||||||
| 20X5 | 350 | 62,000 | 20X5 | 1,400 | 10,000 | |||||||||
| 20X4 | 400 | 60,000 | 20X4 | 1,700 | 11,500 | |||||||||
Required:
1. High-Low Cost Estimation Method
a. Use the high-low method to estimate the per-unit variable costs and total fixed costs for the canoe product line.
| Variable cost per unit | $ |
| Total fixed cost | $ |
b. Use the high-low method to estimate the per-unit variable costs and total fixed costs for the paddle product line.
| Variable cost per unit | $ |
| Total fixed cost | $ |
2. Cost-Volume-Profit Analysis, Single-Product
Setting
Use CVP analysis to calculate the break-even point in units for
a. The canoe product line only (i.e., single-product setting)
| BE units | canoes |
b. The paddle product line only (i.e., single-product setting)
| BE units | paddles |
3. Cost-Volume-Profit Analysis, Multiple-Product Setting
The hotel's accounting system data show an average sales mix of approximately 300 canoes and 1,200 paddles each season. Significantly more paddles are sold relative to canoes because some inexperienced canoe guests accidentally break one or more paddles, while other guests purchase additional paddles as presents for friends and relatives. In addition, for this multiple-product CVP analysis, assume the existence of an additional $30,000 of common fixed costs for a customer service hotline used for both canoe and paddle customers. Use CVP analysis to calculate the break-even point in units for both the canoe and paddle product lines combined (i.e., the multiple-product setting).
| Canoe BE units | canoes |
| Paddle BE units | paddles |
4. Cost Classification
a. Classify the manufacturing costs, marketing costs, and customer service hotline costs either as production costs or period costs.
All manufacturing costs are product costs. All marketing costs and customer hotline costs are period costs
b. For the period costs, further classify them into either selling expenses or general and administrative expenses.
Marketing costs are selling oriented; therefore, the marketing period costs would be further classified as selling expenses . Customer hotline costs relate to the customer service section of the value chain and would be further classified as general and administrative expense .
5. Sensitivity Cost-Volume-Profit Analysis and Production Versus Period Costs, Multiple- Product Setting
If both the variable and fixed production costs (refer to your answer to Requirement 1) associated with the canoe product line increased by 5% (beyond the estimate from the high-low analysis), how many canoes and paddles would need to be sold in order to earn a target income of $96,000? Assume the same sales mix and additional fixed costs as in Requirement 3.
| Canoe target income units | canoes |
| Paddle target income units | paddles |
6. Margin of Safety
Calculate the hotel’s margin of safety (both in units and in
sales dollars) for Many Glacier Hotel, assuming the same facts as
in Requirement 3, and assuming that it sells 700 canoes and 2,500
paddles next year.
total MOS units above total BE units
$ MOS in sales dollars
In: Accounting
2) Suppose you hold a portfolio of two stocks in the healthcare industry. The future outcomes for these stocks depend mainly on the next healthcare bill to be passed by Congress. The possible outcomes and returns are:
|
Outcome |
Probability |
Return for Stock A |
Return for Stock B |
|
1=Republican Bill |
0.8 |
12% |
-5% |
|
2=Democratic Bill |
0.2 |
3% |
20% |
What is the expected return and a standard deviation of a portfolio that has 50% of its value in stock A and 50% in stock B?
Group of answer choices
a) 9.9% and 3.2%
b) 7.5% and 4%
c) 5.1% and 3.2%
In: Finance
CHOICE UNDER UNCERTAINTY
III. Consider an individual with an initial wealth of $50,000. They have the opportunity to
invest in a project where they may win $40,000 with a probability of 0.8 and may lose
$40,000 with a probability of 0.2. There are no out-of-pocket costs for investing in the
project but if they lose then that will be deducted from their initial wealth.
1. What would be the individual’s expected wealth if they participate in the investment
project?
2. If the individual’s preference towards risk are defined by the function: ? = √?, would
they invest in the project? (Hint: Calculate the expected utility of wealth if the individual
participates in the investment and compare it with the utility of their current wealth)
In: Economics