Tropical Charters, based in the Bahamas, runs multi-day fishing charters for wealthy anglers. They have been very successful in their first five years in operation and Brian (the owner) is considering adding a second boat. A new 80’ Viking would cost $5,000,000 with another $1,000,000 needed to upgrade the interior to a level that would attract the wealthy clients they desire. The boat would be depreciated straight-line over 15 years, but would be sold at the end of five years, for an estimated $5,000,000. The new boat would generate estimated additional revenue of $2,000,000 per year and would have associated expenses of $625,000. No additional working capital would be necessary. The firm’s tax rate is 30% and the required rate of return is 12%. Calculate the NPV. Should the new boat be purchased?

Solve all three capital budgeting problems on one spreadsheet

Maria has built a cafeteria called "Princess of Gourmai and More" since 1995. Amira runs her project that provides coffee from the most delicious coffee in the city. It serves around 800 cups of coffee a day, along with special soups, ready-made Italian sandwiches, and a large selection of delicious cheese cakes. Maria noticed that despite the store's popularity, she always maintains nearly the same revenue. Maria has contacted your staff, who is affiliated with a consulting firm, in her city to advise the way the cafeteria works.

Maria said: “Many community college students visit us next to the cafeteria, as well as many retired clients who live next door and a large group of employees who work in the companies deployed next to the cafeteria. Every day our customers have only 30 minutes to eat their meal and have coffee so we must be fast. When preparing their meals, as it is the worker at the cafeteria who receives the customer’s order and enters the order on the cash box device, as well as receives the money and deposits it in the box and provides the customer with his meal.

The Royal Director Maria added: "We have one cash box that all workers, including myself, are handling to respond to customer requests. This cash box is not of the new type developed but it can track the different categories of meals and coffee, however the worker who receives the order must press every time." He receives the order on the button that pertains to the specific category requested by the customer (coffee, soup, sandwich, cakes) There is an internal tape in the box device that records and maintains a record of all transactions. The customer receives a receipt only when requested to deliver. The number of cafe workers is four along with the manager Maria Two workers work N in the morning from seven o'clock to three o'clock in the evening and two others from three o'clock to eleven at night time. "

Maria also said: “I open the cash box twice a day at the end of the morning period at three o'clock in the evening and at the end of the evening period at eleven o'clock at night. When I open the fund I help workers before they leave to open the cash box and calculate the amount of money and compare it to the total recorded on the tape stored Inside the fund When there is a difference between the money withdrawn from the fund and the total recorded on the tape, I recalculate the money again. "

The owner Maria told your group that since the beginning of the opening of the store, she did not face cases of theft, but rather discovers that the differences that occurred previously between the cash available in the fund and the total amount of money recorded on the tape are usually recording for an employee a different amount than the amount inadvertently received. For example, he records $ 18 instead of the $ 1.8 received amount.

Maria sends the tape and receipts manually to the accountant to make adjustments and also sends him all purchase invoices from the materials she needs to make coffee, sandwiches, soups and cakes. Note that Maria uses the economic quantity method in demand to maintain the stock of materials, given that the daily sales recorded by the cafeteria are close.

Read the case and identify weaknesses, based on the information provided by Maria and the cafeteria manager.

write the necessary recommendations for each weakness

3. A device runs until either 2 components fails, at which the device stops running. Let X and Y be the lifetimes in hours of the first and second component, respectively. The joint probability density function of the lifetimes is:

f(x,y) = { (x+y)/27 : 0 < x < 3, 0< y < 3

{ 0

a) Find the marginal probability density function of X and the marginal probability density function of Y.

b) Are X and Y independent? Why or why not?

c) Find the conditional density of X given that Y = y

d) Find the expected value of X given that Y =1/4

Please show your work, I have an exam tomorrow, thank you!

1. Reel Fast Charters, based in the Bahamas, runs multi-day fishing charters for wealthy anglers. They have been very successful in their first five years in operation and Brian (the owner) is considering adding a second boat. A new 80’ Viking would cost $5,000,000 with another $1,000,000 needed to upgrade the interior to a level that would attract the wealthy clients they desire. The boat would be depreciated straight-line over 15 years, but would be sold at the end of five years, for an estimated $5,000,000. The new boat would generate estimated additional revenue of $2,000,000 per year and would have associated expenses of $625,000. No additional working capital would be necessary. The firm’s tax rate is 30% and the required rate of return is 12%. Calculate the NPV and IRR. Should the new boat be purchased?

Mass of metal slug (measure once and use for both runs) 49.614 g 54.687 g Mass of water in calorimeter cup 80.113 g 80.087 g Initial temperature of water in the calorimeter 22.0 ºC 22.0ºC Initial temperature of the metal (assume 100.0 ºC) ____________ºC _____________ºC Equilibrium temperature of the metal + water 26.8 ºC 26.6ºC in the calorimeter ΔTwater ____________ºC ____________ºC ΔTmetal ____________ºC _____________ºC qwater * (S.H.C.water = 4.184 J/ g °C ) ____________J _____________J qmetal ** ____________J _____________J Calculated specific heat capacity of the metal ____________ J /g°C ____________ J /g°C B. Enthalpy of Reaction (Dissolution) CaCl2 NH4NO3 Mass of water in calorimeter cup 100.00 g 100.00g Mass of solid compound used 10.026 g 10.041g Mass of solution formed ____________g _____________g Initial temperature of water 22.0ºC 22.0ºC Max (if it rises) or min (if it falls) temperature of solution 38.2ºC 15.1ºC ΔTsoln (use initial temp. of water for initial temp. of soln.) ____________ºC _____________ºC qsoln (assume S.H.Cof soln. = S.H.C. of water) ____________J _____________J qreaction (amount of heat absorbed by the reaction)* ____________J _____________J “Heat of solution” ** ____________J/g _____________J/g ΔrH *** ____________kJ/mol_____________kJ/mol Is the dissolution reaction exothermic or endothermic? ____________ _____________ Enthalpy of Reaction (Neutralization) Initial temperature of HCl solution 22.0ºC Initial temperature of NaOH solution 23.2ºC Final temperature of neutralized mixture 29.4ºC ΔT (for the initial temperature, average the initial temperatures of the HCl and NaOH) ____________ºC qsoln (assume all the heat is absorbed by 104 g soln.) ____________J qrxn for the neutralization reaction ____________J Number of moles of H2O formed by the reaction ____________mol ΔHr (in kJ per mole of H2O formed by the reaction) ____________kJ/mol Is the neutralization reaction exothermic or endothermic? _____________

MGMT HARDWARE, runs a chain of fourteen (14) building supplies stores located in four (4) Caribbean countries. The company caters for a wide set of products and services including, building materials, home delivery, household materials, retail sales, online ordering, drive through sales and order-online-pickup-in-store sales. The company has a centrally branded ecommerce website that caters to the needs of all four (4) countries and presents a consistent look and feel to all customers.

The locations within each country connect over a Metro-E wide area network (WAN) provided by FLOW, but there is no country-to-country connectivity. Mainly because the company grew by mergers and acquisitions, not all locations use the same Enterprise Resource Planning (ERP) software.

Each store also has an “offline” server that ensures the location can still sell and receive stock when the WAN goes down. Within a country, each store has a local Point-of-Sale (POS) but these all replicate back to a central hub in the main country office. Replication occurs once every 15 minutes, so the country head office is virtually up-to-date, in real time and can see, at a glance, transactions in each store.

As a new employee of MGMT HARDWARE, your manager wants you to produce some reports, related to stock and sales for an upcoming trade show that the purchasing team will be attending.

Congratulations, you have been promoted! You are now a manager in one of the departments of MGMT HARDWARE, and you get to choose your department.

Prior to the Metro-E, the company did not have a distributed POS, and sales reports from each site were manually combined in excel for analysis. In a similar way each location had its own telephone system. Now the company even allows VPN connectivity for the purchaser, when on business trips, to access reports and use her soft-phone. The Metro-E, VPN and internet access have changed everything.

1. From the perspective of your human resource and as an operational human resource manager:

1. 1. Suggest ONE advantage for the POS and ONE advantage for the phones.
   2. Request information from TWO other departments that could assist in your investigation. Please specify both the TYPE and specific CONTENTS of the report you are requesting (Unit 3 types of output)
2. From the perspective of your department and management level, discuss the implications of backup and recovery over Metro-E and into the cloud.
3. i. Suggest ONE advantage and ONE disadvantage.
4. Discuss ONE security consequence that could arise from VPN access to the company’s IT infrastructure.

A solenoid runs through the x-y plane with n = 1,185/m. A circular wire wrapped 18 times with a radius of 0.49 meters is placed in the x-y plane in the solenoid. The solenoid's current increases from 6 amps to 28 amps running clockwise in a time of 2.4 millis-seconds. If the resistance of the circular wire is 2.4 Ohms, what is the amount, in amps, and direction of the average induced current in the circular wire? Indicate clockwise by including a negative sign, but do not include a sign for counter-clockwise.

1. The two claws of the lobster (Homarus americanus) are identical in the juvenile stages. By adulthood, however, the two claws normally have differentiated into a stout claw called a “crusher” and a slender claw called a “cutter”. In a study of the differentiation process, 26 juvenile animals were reared in smooth plastic trays and 18 were reared in trays containing oyster chips (which they could use to exercise their claws). Another 23 animals were reared in trays containing only one oyster chip. The claw configurations of all the animals as adults are summarized in the table.

We would like to test if claw configuration is independent of treatment at α=0.01.

1. State the null and the alternative hypotheses.

H₀:

H_A:

2. Compute the test statistic.

3. Compute the p-value for the test statistic and make a decision.

Required information

[The following information applies to the questions displayed below.]

Arndt, Inc., reported the following for 2018 and 2019 ($ in millions):

1. Expenses each year include $30 million from a two-year casualty insurance policy purchased in 2018 for $60 million. The cost is tax deductible in 2018.
2. Expenses include $3 million insurance premiums each year for life insurance on key executives.
3. Arndt sells one-year subscriptions to a weekly journal. Subscription sales collected and taxable in 2018 and 2019 were $32 million and $31 million, respectively. Subscriptions included in 2018 and 2019 financial reporting revenues were $19 million ($8 million collected in 2017 but not recognized as revenue until 2018) and $27 million, respectively. Hint: View this as two temporary differences—one reversing in 2018; one originating in 2018.
4. 2018 expenses included a $14 million unrealized loss from reducing investments (classified as trading securities) to fair value. The investments were sold in 2019.
5. During 2017, accounting income included an estimated loss of $5 million from having accrued a loss contingency. The loss was paid in 2018 at which time it is tax deductible.
6. At January 1, 2018, Arndt had a deferred tax asset of $5 million and no deferred tax liability.

Required:
1. Which of the five differences described are temporary and which are permanent differences?Required:

3. Compute the deferred tax amounts that should be reported on the 2018 balance sheet. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)