1. The Williamston Wingnuts minor league hockey team is considering building a new arena in Downtown Williamston. They have decided they will only build the arena if it will be Net Present Value positive based on 5 years of cash flows. The team’s accounting department has compiled the following costs: $2,000,000 for the land the arena would be built on. They bought this land in 2010. Construction costs of $28,000,000 $50,000 for a marketing study conducted last year to determine whether more fans would come to the games if they built a new arena. $50,000 for new signage in front of the building and around the city that will only be needed if the arena is built. $500 for a trip taken by team management to see the Portland (Mich.) Puckheads’ new arena at a game last season to gather design ideas. $50,000 for street lights in the parking lot and on Grand River Ave. that will only be needed if the arena is built. $100,000 in additional Net Working Capital will be needed at the beginning of the project, 60% of which will be recovered at the end of the project. What is the Total Year 0 cash flow for this project?

2.

Hole-in-One Inc. is considering expanding its golf ball business. Each pack of golf balls contains 3 balls. The company has projected the following information:

• Sales of 2,000,000 packs per year at $6 per pack.
• Total costs per pack is $4.  
• The project has a 5 year life.
• The required new equipment costs $15,000,000. This equipment will be depreciated straight line to zero over the life of the project. Another firm has made an offer to purchase the equipment at the end of the project for $790,000 after-taxes (i.e., do not adjust this amount for taxes), which the company plans to accept.
• Initial change in net working capital is $1,000,000 and 50% will be recovered in the terminal year.
• The firm’s required rate of return is 8%.
• The firm’s tax rate is 21%.

What is the Total Cash Flow in Year 5?

What is the amount of the annual operating cash flow?

It is February 1, 2020 and you have been contacted by the owners of a proposed new restaurant in Columbus. This restaurant will be located on a piece of land near the Bradley Park area. The restaurant will emphasize fresh Mediterranean cuisine. The restaurant is the idea of two individuals that formerly worked for the Red Lobster’s Restaurant chain. The grand opening will be on April 2, 2020. The restaurant owners are aware of your expertise in small business and have asked you to develop an advertising plan for them.   They have agreed to pay you

$ 3,500 for this project, plus your reasonable business expenses.

            Using a budget accompanied by a narrative description, develop an advertising plan in outline form to present to the owners of the business. The owners are limited to only $ 8,000 for promotion and advertising until the company starts operations. From that point, the business will have to generate additional money for advertising from new sales. Please ensure that they know how their money will be used and why you believe your plan will attract customers.

The following information is to be used to determine your expenses:

Daily Newspapers: $600 for a quarter page ad on Sunday (20% of residents read the Ledger~Enquirer).

Television: Local affiliates will sell 30 second spots during the news for $ 10,000 per advertisement. Local cable companies will sell 30 second spots for $ 200.00 on ESPN.

Radio: A Rate Card for radio advertisements is not available for your analysis. For planning purposes, you can use the following rates:

Morning drive time (M - F; 6:00 - 10:00 am): $ 60 per day or five days for $ 180.00.

Evening drive time (M - F; 4:00 - 7:00 pm): $ 50 per day or five days for $ 130.00.

All other times: $ 20.00 per individual spot.

Magazines: N/A - no regional magazines are feasible as they cost $ 4,500 per monthly advertisement.

Billboards: Local billboards can be secured for a monthly package deal of $1,800 for three sites on I-185 north of Columbus or a package deal for $800 for two locations on Veterans Parkway. You must buy the package deal. You cannot buy individual billboards.

Direct Mail: A letter with two enclosed pieces of paper will cost you $ 0.75 per person to mail bulk rate.

Flyers: Flyers can be printed by the local print shop for $ 0.045 per sheet.

Student Newspaper: The student newspaper sells ad space at $150.00 for a quarter page ad. It has only 3,000 readers.

Other more creative, “boot-strapping” promotional techniques can be considered in your plan, but you must explain them.

Refer to the graphs, in which the numbers in parentheses near the AD1, AD2, and AD3 labels indicate the level of investment spending associated with each curve. All figures are in billions. The economy is at point Y on the investment demand curve. Given these conditions, what policy should the Fed pursue to achieve a noninflationary, full-employment level of real GDP?

A) increase aggregate demand from AD3 to AD2.

B) decrease the money supply from $225 to $150 billion.

C) increase interest rates from 4 to 8 percent.

D) make no change in monetary policy.

Does it take more time for seeds to germinate if they are near rock music that is continuously playing compared to being near classical music? The 53 seeds that were exposed to rock music took an average of 20 days to germinate. The standard deviation was 13 days. The 45 seeds that were exposed to classical music took an average of 15 days to germinate. The standard deviation for these seeds was 7 days. What can be concluded at the α = 0.01 level of significance?

For this study, we should use

The null and alternative hypotheses would be: H 0 : (please enter a decimal) H 1 : (Please enter a decimal)

The test statistic = (please show your answer to 3 decimal places.)

The p-value = (Please show your answer to 4 decimal places.)

The p-value is α

Based on this, we should the null hypothesis.

Thus, the final conclusion is that ...

The results are statistically significant at α = 0.01, so there is sufficient evidence to conclude that the mean germination time for the 53 seeds exposed to rock music that were observed is more than the mean germination time for the 45 seeds that were exposed to classical music that were observed.

The results are statistically insignificant at α = 0.01, so there is statistically significant evidence to conclude that the population mean time for seeds exposed to rock music to germinate is equal to the population mean time for seeds exposed to classical music to germinate.

The results are statistically significant at α = 0.01, so there is sufficient evidence to conclude that the population mean time for seeds exposed to rock music to germinate is more than the population mean time for seeds exposed to classical music to germinate.

The results are statistically insignificant at α = 0.01, so there is insufficient evidence to conclude that the population mean time for seeds exposed to rock music to germinate is more than the population mean time for seeds exposed to classical music to germinate.

Interpret the p-value in the context of the study.

There is a 0.89% chance that the mean germination time for the 53 seeds exposed to rock music is at least 5 days more than the mean germination time for the 45 seeds exposed to classical music.

There is a 0.89% chance of a Type I error.

If the population mean time for seeds exposed to rock music to germinate is the same as the population mean time for seeds exposed to classical music to germinate and if another 53 seeds exposed to rock music and 45 seeds exposed to classical music are observed then there would be a 0.89% chance that the mean germination time for the 53 seeds exposed to rock music would be at least 5 days more than the mean germination time for the 45 seeds exposed to classical music.

If the sample mean germination time for the 53 seeds exposed to rock music is the same as the sample mean germination time for the 45 seeds exposed to classical music and if another 53 seeds exposed to rock music and 45 seeds exposed to classical music are observed then there would be a 0.89% chance of concluding that the mean germination time for the 53 seeds exposed to rock music is at least 5 days more than the mean germination time for the 45 seeds exposed to classical music

Interpret the level of significance in the context of the study.

If the population mean time for seeds exposed to rock music to germinate is the same as the population mean time for seeds exposed to classical music to germinate and if another 53 seeds exposed to rock music and 45 seeds exposed to classical music are observed then there would be a 1% chance that we would end up falsely concuding that the population mean time for seeds exposed to rock music to germinate is more than the population mean time for seeds exposed to classical music to germinate

There is a 1% chance that there is a difference in the population mean time for seeds exposed to rock vs. classical music to germinate.

If the population mean time for seeds exposed to rock music to germinate is the same as the population mean time for seeds exposed to classical music to germinate and if another 53 seeds exposed to rock music and 45 seeds exposed to classical music are observed, then there would be a 1% chance that we would end up falsely concuding that the sampe mean times to germinate for these 53 seeds exposed to rock music and 45 seeds exposed to classical music differ from each other.

There is a 1% chance that the seeds just don't like your taste in music, so please let someone else conduct the study.

Harper Theater is located in Midtown Mall. The cashier’s booth is near the entrance to the theater. Two cashiers are employed. Once works from 1-5 p.m., the other from 5-9 P.M.   Each cashier is bonded. The cashiers receive cash from customers and operate a machine that ejects serially numbered tickets. The rolls of tickets are inserted and locked into the machine by the theater manager at the beginning of each cashier’s shift.

After purchasing a ticket, the customer takes the ticket to an usher stationed at the entrance to the theater lobby some 60 feet from the cashier’s booth. The usher tears the ticket in half, admits the customer, and returns the ticket stub to the customer. The other half of the ticket is dropped into a locked box by the usher.

At the end of each cashier’s shift, the theater manager removes the ticket roll from the machine and makes a cash count. The cash count sheet is initialed by the cashier. At the end of the day, the manager deposits the receipts in total in a bank night deposit vault located in the mall. The manager also sends copies of the deposit slip and the initialed cash count sheets to the theater company treasurer for verification and to the company’s accounting department. Receipts from the first shift are stored in a safe located in the manager’s office.

1.) Identify the internal control procedures and their application to the cash receipts transactions of the Harper Theater. You will find the Internal Control Procedures on pages 433 through 435 of your textbook. For each Internal Control Procedure described in your textbook, identify any Internal Control Procedures that Harper Theater has in place and/or is missing. Be specific and use at least 300 words for your answer.
Be specific and use at least 300 words for your answer.

2.) If the usher and cash decide to collaborate to misappropriate cash, what actions might they take? For each action, what internal control might be employed to stop the misappropriation of cash? Be specific and use at least 200 words for your answer.

3.) Use complete sentences and good grammar.  

Near the endpoint, the red color of the silver chromate forms, but then disappears, as you swirl. This is because the Ksp of silver chromate may be temporarily exceeded locally (where the silver nitrate is added), but as you swirl, the chloride ions still in solution convert the silver chromate into silver chloride. Write an equation for this process, (the process of converting the silver chromate into white silver chloride) and calculate the equilibrium constant of the reaction in terms of the solubility products of silver chloride and silver chromate.

Ksp = 1.6 x 10-10 for AgCl Ksp = 1.1 x 10-12 for Ag2CrO4

b.   Assume the chromate concentration of indicator in the flask is 0.0050 M. What is the concentration of Cl- remaining in the flask when silver chromate first precipitates (that is, at the endpoint of the titration).

c.   What percentage of the Cl- in the original unknown remains when the endpoint is reached? You should use your answer to question 2, and estimate the volume of solution in the flask.

Assuming the elastic solution for the stresses near a crack tip is valid in the case of small-scale yielding, determine r_p(q) for Mode I and Mode II  in plane stress and plane strain. Plot a nondimensional r_p(q), ( r_p/ r_p(Irwin)) in the vicinity of the crack tip for several different values of Poisson's ratio.

Suppose you live on the Moon and your home is located near the centre of the face that we see from Earth.

i) How long would your "lunar day" be? By "lunar day" I mean from when the Sun is on your meridian - your local "lunar noon" - to the next "lunar noon".

ii) If the Moon is full (as seen from Earth), what phase would you see for the Earth (new earth, first-quarter earth, full earth, etc)? Would it be day or night on the Moon? Explain.

iii) When you see sunrise on the Moon, in what phase would the Moon be (as seen from the Earth)? In what phase would you see the Earth at this time?

iv) What would you see if you were on the Moon during a total lunar eclipse?

v) What would you see if you were on the Moon during a total solar eclipse?

vi) Suppose the distance from Earth to the Moon were twice its actual value. Would it still be possible to see a total solar eclipse from Earth? Why or why not?

Does it take less time for seeds to germinate if they are near rock music that is continuously playing compared to being near classical music? The 42 seeds that were exposed to rock music took an average of 28 days to germinate. The standard deviation was 14 days. The 53 seeds that were exposed to classical music took an average of 34 days to germinate. The standard deviation for these seeds was 12 days. What can be concluded at the αα = 0.05 level of significance?

For this study, we should use Select an answer t-test for the difference between two independent population means t-test for the difference between two dependent population means t-test for a population mean z-test for the difference between two population proportions z-test for a population proportion

The null and alternative hypotheses would be:   

H0:H0:  Select an answer μ1 p1  Select an answer = < ≠ >  Select an answer p2 μ2  (please enter a decimal)   

H1:H1:  Select an answer p1 μ1  Select an answer > ≠ = <  Select an answer p2 μ2  (Please enter a decimal)

The test statistic ? z t  =  (please show your answer to 3 decimal places.)

The p-value =  (Please show your answer to 4 decimal places.)

The p-value is ? > ≤  αα

Based on this, we should Select an answer fail to reject reject accept  the null hypothesis.

Thus, the final conclusion is that ...

The results are statistically insignificant at αα = 0.05, so there is insufficient evidence to conclude that the population mean time for seeds exposed to rock music to germinate is less than the population mean time for seeds exposed to classical music to germinate.

The results are statistically insignificant at αα = 0.05, so there is statistically significant evidence to conclude that the population mean time for seeds exposed to rock music to germinate is equal to the population mean time for seeds exposed to classical music to germinate.

The results are statistically significant at αα = 0.05, so there is sufficient evidence to conclude that the population mean time for seeds exposed to rock music to germinate is less than the population mean time for seeds exposed to classical music to germinate.

The results are statistically significant at αα = 0.05, so there is sufficient evidence to conclude that the mean germination time for the 42 seeds exposed to rock music that were observed is less than the mean germination time for the 53 seeds that were exposed to classical music that were observed.

Interpret the p-value in the context of the study.

There is a 1.5% chance that the mean germination time for the 42 seeds exposed to rock music is at least 6 days less than the mean germination time for the 53 seeds exposed to classical music.

There is a 1.5% chance of a Type I error.

If the population mean time for seeds exposed to rock music to germinate is the same as the population mean time for seeds exposed to classical music to germinate and if another 42 seeds exposed to rock music and 53 seeds exposed to classical music are observed then there would be a 1.5% chance that the mean germination time for the 42 seeds exposed to rock music would be at least 6 days less than the mean germination time for the 53 seeds exposed to classical music.

If the mean germination time for the 42 seeds exposed to rock music is the same as the sample mean germination time for the 53 seeds exposed to classical music and if another 42 seeds exposed to rock music and 53 seeds exposed to classical music are observed then there would be a 1.5% chance of concluding that the mean germination time for the 42 seeds exposed to rock music is at least 6 days less than the mean germination time for the 53 seeds exposed to classical music

Interpret the level of significance in the context of the study.

If the population mean time for seeds exposed to rock music to germinate is the same as the population mean time for seeds exposed to classical music to germinate and if another 42 seeds exposed to rock music and 53 seeds exposed to classical music are observed, then there would be a 5% chance that we would end up falsely concuding that the sampe mean times to germinate for these 42 seeds exposed to rock music and 53 seeds exposed to classical music differ from each other.

There is a 5% chance that there is a difference in the population mean time for seeds exposed to rock vs. classical music to germinate.

If the population mean time for seeds exposed to rock music to germinate is the same as the population mean time for seeds exposed to classical music to germinate and if another 42 seeds exposed to rock music and 53 seeds exposed to classical music are observed then there would be a 5% chance that we would end up falsely concuding that the population mean time for seeds exposed to rock music to germinate is less than the population mean time for seeds exposed to classical music to germinate

There is a 5% chance that the seeds just don't like your taste in music, so please let someone else conduct the study.