Gary and Ace are happily married, and have adopted a daughter, Gidget, who is 2 years old. They met while attending Lindenwood, and still feel strong loyalty to their alma mater. Gary played on the Lions football team and majored in exercise science. He works as a construction worker, and earns $60,000/year. Ace majored in communications and works for a local radio station selling advertising. He earns $35,000/year. They expect to earn this amount of money annually for the next 30 years. 20% of their income is used to pay taxes and other payroll deductions. They think they can earn an annual rate of return, after inflation, of 6%.

Their home is worth $300,000, and has a $250,000 mortgage. They have two cars, each worth $25,000, and each with a loan of $15,000. If one of them dies, they won't need both cars, so the survivor would sell one of them. They have credit card debt of $10,000. Gary has $50,000 in his 401k, while Ace has $40,000 in his They have other investments totaling $75,000.

Gary wants to have a big party when he die. He wants his ashes spread to the end zone of Harlan Hunter Stadium. He says the Lions as a team are near dead anyway, so why not The cost for this is expected to be $20,000. Ace wants a New Orleans style funeral, with a parade. He wants to be buried in a mausoleum, because he is afraid of worms and doesn't want to be buried in the ground. The cost for his funeral is expected to be $40,000. They want to ensure that if one of them dies, the other will have enough money to pay off the car, home, and credit card bills, and fund the cost of their funerals and burial. They also want to make su that Gidget is provided for, which means they want $2,000/month for her care until she is age 23. They are uncertain whether social security will provide any benefits, as they are convinced that right-wing, zealots will take benefits away from those raised in alternative family situations, so don't plan on any social security income.

Using each of the three methods (Human Life Replacement, Needs Approach, and Capital Re how much life insurance will Ace and Gary EACH need?

Construction activities for Oneida County for 2020 are as follows:

The county uses the GAAP budgetary basis for end-of-year encumbrances.

What is the 2020 increase in total fund balances for the capital projects fund?

Select one:

A. $6,900,000

B. $7,400,000

C. $6,500,000

D. $7,000,000

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Construction activities for Oneida County for 2020 are as follows:

The county uses the GAAP budgetary basis for end-of-year encumbrances.

What is the end-of-2020 balance in fund balance–restricted for the capital projects fund?

Select one:

A. $6,500,000

B. $5,000,000

C. $7,000,000

D. $5,400,000

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Construction activities for Oneida County for 2020 are as follows:

The county uses the GAAP budgetary basis for end-of-year encumbrances.

What is the cash balance for the capital projects fund at the 2020 year-end?

Select one:

A. $7,400,000

B. $6,900,000

C. $6,902,000

D. $7,300,000

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Construction activities for Oneida County for 2020 are as follows:

The county uses the GAAP budgetary basis for end-of-year encumbrances.

What is the total for other financing sources for 2020, reported on the capital projects fund operating statement?

Select one:

A. $ 2,000,000

B. $13,000,000

C. $11,000,000

D. $ 9,000,000

An investment bank agrees to underwrite an issue of 20,000,000 shares for Murray Construction
on a firm commitment basis. The investment bank pays $15.50 per share to Murray construction
and it sells those shares to public for $16.35.
 What is profit of Investment Bank?
 How much money does Murray Construction receive if share sells for $14.75?
 What will be profit of Investment bank if they agree on best effort basis and charge
$0.375 per share, assuming they sold 18,400,000 shares?

An important part of employee compensation is a benefits package, which might include health insurance, life insurance, child care, vacation days, retirement plan, parental leave, bonuses, etc. Suppose you want to conduct a survey of benefits packages available in private businesses in Hawaii. You want a sample size of 100.

Some sampling techniques are described below. Categorize each technique as simple random sample, stratified sample, systematic sample, cluster sample, or convenience sample. Put your answer in the blank.

a. Assign each business in the Island Business Directory a number, and then use a random number table to select the businesses to be included in the sample. __________________________

b. Use postal ZIP Codes to divide the state into regions. Pick a random sample of 10 ZIP Code areas and then include all the businesses in each selected ZIP Code area. ________________________

c. Send a team of five research assistants to Bishop Street in downtown Honolulu. Let each assistant select a block or building and interview an employee from each business found. Each researcher can have the rest of the day off after getting responses from 20 different businesses. _____________________

d. Use the Island Business Directory. Number all the businesses. Select a starting place at random, and then use every 50th business listed until you have 100 businesses. _____________________

e. Group the businesses according to type: medical, shipping, retail, manufacturing, financial, construction, restaurant, hotel, tourism, other. Then select a random sample of businesses from each business type. ____________________

Jack's construction Co. has 80,000 bonds outstanding that are selling at par value. Bonds with similar characteristics are yielding 8.5%. The company alson has 4 million shares of common stock outstanding. the stock has a beta of 1.1 and sells for $40 a share. The U.S. Treasury bill is yielding 4% and the market risk premium is 8%. Jack's tax rate is 35%. What is Jack's weighted average cost of capital?

The Department of Public Works and Highways (DPWH) is considering the construction of a new highway through a scenic rural area. The road is expected to cost 60 Million Birr with annual upkeep estimated at 500,000 Birr. The improved accessibility is expected to result in additional income from tourists of 7.5 Million Birr per year. The road is expected to have a useful life of 25 years. If the rate of interest is 15%, should the road be constructed?

A construction company is creating a quantitative model for use in bidding on new projects. The company has identified the following variables to include in the model.

•         Whether or not to submit a bid (yes/no)
•         The amount of the company’s bid
•         The number of competitors bidding on the project
•         The amount of each competitor’s bid
•         The cost of completing the project
•         The company’s profit or loss

Classify each of these variables as a decision variable, an uncontrollable variable, or a result variable, explaining your reasoning for each classification.

Please read the An Inside Look at Policy article titled “Airbnb Customers to Pay Hotel Taxes” on pages 132-133. Then, provide your answer to the second “Thinking Critically” question posed. Support your responses based on what you learned in your reading assignment.

30. A popular resort hotel has 300 rooms and is usually fully booked. About 7% of the time a reservation is canceled before the 6:00 p.m. deadline with no penalty. What is the probability that at least 285 rooms will be occupied? Use the binomial distribution to find the exact value.