The manufacturer of an MP3 player wanted to know whether a 10% reduction in price is enough to increase the sales of its product. To investigate, the owner randomly selected eight outlets and sold the MP3 player at the reduced price. At seven randomly selected outlets, the MP3 player was sold at the regular price. Reported below is the number of units sold last month at the regular and reduced prices at the randomly selected outlets.

At the 0.050 significance level, can the manufacturer conclude that the price reduction resulted in an increase in sales? Hint: For the calculations, assume reduced price as the first sample.

1. Compute the pooled estimate of the variance.

2. Compute the test statistic.

3. State your decision about the null hypothesis.

Question 13:

On January 1, 2018, White Water issues $510,000 of 7% bonds, due in 10 years, with interest payable annually on December 31 each year.
Assuming the market interest rate on the issue date is 6%, the bonds will issue at $547,534.

Required;
1. Complete the first three rows of an amortization table.     

Question 14:

On January 1, 2018, White Water issues $510,000 of 7% bonds, due in 10 years, with interest payable annually on December 31 each year.
Assuming the market interest rate on the issue date is 6%, the bonds will issue at $547,534.

2. Record the bond issue on January 1, 2018, and the first two interest payments on December 31, 2018, and December 31, 2019. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

• Record the bond issue.
• Record the first annual interest payment.
• Record the second annual interest payment.

Question 15:

Christmas Anytime issues $850,000 of 6% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year.

Calculate the issue price of a bond and complete the first three rows of an amortization schedule when:

Required:

1. The market interest rate is 6% and the bonds issue at face amount. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors.)

Christmas Anytime issues $850,000 of 6% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year.

Calculate the issue price of a bond and complete the first three rows of an amortization schedule when:

Required:

1. The market interest rate is 6% and the bonds issue at face amount. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors.)
Issue Price=

Question 16:

Christmas Anytime issues $850,000 of 6% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year.

Calculate the issue price of a bond and complete the first three rows of an amortization schedule when:

2.The market interest rate is 7% and the bonds issue at a discount. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors.)

Issue Price=

Question 17:

Christmas Anytime issues $850,000 of 6% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year.

Calculate the issue price of a bond and complete the first three rows of an amortization schedule when:

3. The market interest rate is 5% and the bonds issue at a premium. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors.)

Issue Price=

Python - No libraries - No count() function allowed

You need to travel 100 miles via rental car. There are several cars on the lot to choose from, each with their own MPG (miles per gallon) rating. Some cars have a manual transmission, while others do not (they're automatic). The price for gas in the area is $3 per gallon. Cars that have a manual transmission get a 10% discount at the pump.

To streamline your selection, the car rental place can supply you with a dictionary that represents the cars on their lot. The keys of this dictionary are names of cars, and their values are another dictionary. The inner dictionary has a key for the MPG of this car, and a key for whether or not the car is manual.

Write a function called def cheapest(cars) that returns the name of the car that costs the least amount of money to travel 100 miles.

Here is an example (there could be more than just two cars):

cars_on_lot = {'Civic':{'mpg':40,'manual':True},'Volt':{'mpg':50,'manual':False}}

print(cheapest(cars_on_lot)) # Volt

The "Civic" gets 40 miles to the gallon and is a manual transmission. 100 miles in this car requires 2.5 gallons of gas. The manual transmission deduction is $0.75. Therefore, it costs $6.75 to travel 100 miles in this car.

The "Volt" gets 50 miles to the gallon but is not a manual transmission. 100 miles in this car requires 2 gallons of gas. There is no manual transmission deduction. Therefore, it costs $6 to travel 100 miles in this car.

Of these two options, the Volt is the cheapest car you can use to travel 100 miles.

69. A monopolist faces ________.

a. the market demand curve

b. several close substitutes for its product or service

c. a horizontal demand curve at the market price

d. a vertical demand curve

Scenario: Mr. Olivander has a monopoly on supplying magic wands. The table below shows the demand schedule for magic wands per day.

70. Refer to the scenario above. What is Mr. Olivander's marginal revenue when he sells the third wand?

a. $35

b. $30

c. $130

d. $55

71. Marginal revenue is less than the price for a monopolist because ________.

a. None of these

b. there are no close substitutes for the firm's product

c. a monopolist must lower its price to sell another unit of output

d. the firm sets the price

72. A profit-maximizing monopolist produces the quantity at which ________.

a. Price = Average total cost

b. Marginal revenue = Marginal cost

c. Price = Marginal revenue

d. Price = Marginal cost

The stock price of Lotus is currently $220 and the call option with strike price of $220 is $10. A trader purchases 100 shares of Lotus stock and short 1 contract of call options with strike price of $220. As a financial analyst at Citibank, you want to answers the following two questions: a. What is the maximum potential loss for the trader? b. When the stock price is $240 and the call is exercised, what is the trader’s net profit? Please choose all correct answers. Please also note that each incorrect answer will reduce the score by 10%. 1. When the stock price is $240 and the call is exercised, the trader’s net profit is $1000 2. The maximum potential loss for the trader is $20,000 3. When the stock price is $240 and the call is exercised, the trader’s net profit is $1300 4. When the stock price is $240 and the call is exercised, the trader’s net profit is $1100 5. The maximum potential loss for the trader is $21000 6. When the stock price is $240 and the call is exercised, the trader’s net profit is $1200 7. The maximum potential loss for the trader is $23000 8. The maximum potential loss for the trader is $22000

14. (Computing Exercise Values) You have a weird aunt who will give you one of the following options. They expire today, and each is an option on 100 shares. Compute the following?
a. A put option on Dell. The strike price is $30 and the stock price is $27.23
a. $0.00
b. $0.59
c. $1.29
d. $2.12
e. $2.77
f. $3.41
g. $4.15
h. $4.85
i. $5.25
b. A call option on GE. The strike price is $37.50 and the stock price is $32.60.
a. $0.00
b. $0.59
c. $1.29
d. $2.12
e. $2.77
f. $3.41
g. $4.15
h. $4.85
i. $5.25
c. A call option on Tyco. The strike price is $40 and the stock price is $23.30.
a. $0.00
b. $0.59
c. $1.29
d. $2.12
e. $2.77
f. $3.41
g. $4.15
h. $4.85
i. $5.25
d. A put option on Citi group. The strike price is $50 and the stock price is $45.85.

a. $0.00
b. $0.59
c. $1.29
d. $2.12
e. $2.77
f. $3.41
g. $4.15
h. $4.85
i. $5.25

Case Study: Madeline

Madeline is a 28 year old who is married and is 3 months pregnant. Madeline has presented to her doctor because she is aware that Phenylketonuria (PKU) runs in her family and her husband commented recently that one of his cousins was also undergoing tests for PKU.

Madeline thinks she may pass this disorder to her baby so she wants some information about it and would like to know what she can do to ensure her baby will be well.

1. What is Phenylketonuria (PKU)? Is it inherited and how?

2. How does it interact with diet?

3. What are specific foods that need to be controlled in the case of PKU?

4. What are the risks to Madeline and her baby?

1. (10) Evaluate each of the following statements – how does the situation affect the incentive to invest in a college degree? Why?

a. People who going into craft training programs such as carpentry or plumbing are making high wages.

b. A husband is planning to stay at home to raise his children.

c. Two siblings have entered college – one is a straight-A student with plenty of scholarships while the other maintained a 1.5 GPA in high school and must pay for most of their education out of pocket or through loans.

d. A college athlete receives a full scholarship to play hockey for the university he attends.

e. A 60-year old worker is deciding whether or not to pursue an MBA.

QUESTION 6

Red-Green colorblindness is a X-linked recessive disorder. Huntington’s is an autosomal dominant disorder. Susan’s father is color blind and has Huntington’s disease and is heterozygous for the Huntington’s allele.   Her mother is normal and has no history of colorblindness or Huntington’s in her family. Her brother has developed Huntington’s but is not colorblind. Her husband Greg is healthy and has no incidence of either disorder in his family.   Susan is not colorblind and has not yet be tested to see if she has inherited the Huntington’s allele. What is the chance that a child of Susan and Greg will be a boy with both colorblindness and Huntington’s?

a.

1/4

b.

1/8

c.

1/32

d.

1/16

e.

1/64