Questions
Janice would like to send her parents on a cruise for their 25th wedding anniversary. She...

Janice would like to send her parents on a cruise for their 25th wedding anniversary. She has priced the cruise at $15,000, and she has 5 years to accumulate this money. How much must Janice deposit annually in an account paying 10 percent interest in order to have enough money to send her parents on the cruise?


In: Finance

Colin would like to send her parents on a cruise for their 25th wedding anniversary. She...

Colin would like to send her parents on a cruise for their 25th wedding anniversary. She has priced the cruise at $15,000 and she has 5 years to accumulate this money. How much must Janice deposit annually in an account paying 10 percent interest in order to have enough money to send her parents on the cruise?

In: Finance

Lemon Co. sells $1,000,000 of 10% bonds on August 1, 2017. The bonds pay interest on...

Lemon Co. sells $1,000,000 of 10% bonds on August 1, 2017. The bonds pay interest on February 1 and August 1. The due date of the bonds is August 1, 2020. The bonds yield 12%. On October 1, 2018, Lemon Co. buys back $200,000 worth of bonds for $218,000 (includes accrued interest). Give entries through October 1, 2018.

When doing the amortization table, please show your work in excel! Thanks

In: Accounting

In a survey of a sample of 200 guests (100 male and 100 female) on a...

  1. In a survey of a sample of 200 guests (100 male and 100 female) on a major cruise line A, it

    was found that 45 male guests and 55 female quests were satisfied. However, the cruise line advertised that 65% of its guests (overall) were satisfied. Undertake a hypothesis test at a 5% significance level to examine if the claim made by the cruise line can be supported with the data.

  2. From the results of the survey in part b, do you think female guests are more satisfied than

    male guests on the cruise line? (Note: Undertake the test at a 5% significance level.)

In: Statistics and Probability

Imagine you are an automotive engineer for Toyoto Motor Corporation. You are test driving a new...

Imagine you are an automotive engineer for Toyoto Motor Corporation. You are test driving a new cruise control system, and you are driving around the test track at 55 miles per hour. You set the cruise control to 57miles per hour. The cruise controller takes over and speeds up to 59 miles per hour, then slows to 56 miles per hour, and finally settles at 58 miles per hour. Given this result, what adjustments would you make to the car's cruise control system to improve overall performance?  

In: Mechanical Engineering

A recent article in Vitality magazine reported that the mean amount of leisure time per week...

A recent article in Vitality magazine reported that the mean amount of leisure time per week for American men is 40.0 hours. You believe this figure is too large and decide to conduct your own test. In a random sample of 60 men, you find that the mean is 37.8 hours of leisure per week and that the standard deviation of the sample is 12.2 hours. Can you conclude that the information in the article is untrue? Use the .05 significance level.

In: Statistics and Probability

on october 16,Wynn Co. bought 80 parkas on account at $70 each. Terms of the purchase...

on october 16,Wynn Co. bought 80 parkas on account at $70 each. Terms of the purchase were 2/10 n/30. It paid for 60 parkas on October 25 and paid for the remaining parkas on October 30. If Wynn use the method of accounting for discounts, prepare all required journal entries. Assume a periodic inventory system

In: Accounting

Ted and Tiffany are meeting Mitch and Amber at the Green Turtle Club. Wanting to set...

Ted and Tiffany are meeting Mitch and Amber at the Green Turtle Club. Wanting to set some limits on his expenses that evening Ted stops at an ATM and uses his credit card to get a cash advance. When the two couples meet for dinner Tiffany tells Amber she is going to go for the lobster dinner since Ted is rolling in cash! Mitch overhears the conversation and starts laughing at ted for making such a financial blunder. Ted argues that Mitch is blind to the convenience and control of cash advances as statistics prove you spend less with cash than on a credit card.

Who do you agree with? Why? Who's wrong ?

In: Finance

Indigo production in the South operates as a perfectly competitive industry. All farmers have identical technologies...

Indigo production in the South operates as a perfectly competitive industry. All farmers have identical technologies and minimum average cost is reached at $3.00 per pound of Indigo - As of October 1, 2020, the industry has been in long run equilibrium. - On October 20, 2020, however, the government imposes a 25 cent tax on every pound of Indigo. a) Using appropriate diagrams, draw the equilibrium for the industry and the representative Indigo farmer as of October 1 b) Using appropriate diagrams, show in both the short run and the long run how the industry and the representative farms will adjust to the 25 cent per pound Indigo tax.

In: Economics

Discuss the goals of American businessmen in their U.S. Imperial Acquisitions during the late 19th and...

Discuss the goals of American businessmen in their U.S. Imperial Acquisitions during the late 19th and early 20th century. How were the native people negatively affected by imperialism with results that still exist in the 21st century?

In: Economics