Rising inflation is an example of when an Expansionary policy would be best . True/False
A stock market collapse that hurts consumers and business confidence is an example of when an expansionary policy would be best. True/False
A rise in oil prices is an example of when aContractionary policy would be best. True/False
Extreme rapid growth of exports is an example of when aContractionary policywould be best. True/false
If the government runs a budget deficit of $10 billion each year for 10 years, and then a surplus of $1 billion each year for the next 5 years, what is the government debt?
A government starts off with a deficit of $2.3 billion. In year 1, the government runs a deficit of $300 million. In year 2, the government runs a surplus of $1.5 billion, and in year 3, runs a deficit of $2 million. What is the total debt of the government at the end of year 3?
In: Economics
How would the payback, internal rate of return, and net present value change if the capital cost for the project was $750,000 and the cost savings and increased revenue were decreased by 25 percent each year? Cost of capital rate is 7%, and tax rate is 40%.
Info for the following years
Increased revenue $50 $75 $100 $115 $130
Cost savings $110 $125 $125 $125 $125
Depreciation expense $150 $125 $100 $75 $50
Operating and maintenance expense $75 $50 $50 $50 $50
In: Finance
Modified from textbook: SweetEndings is a shop open 7 days a week. Demand for Chocolate Frozen Yogurt* can be approximated by a normal distribution with a mean of 21 gallons/wk and a standard deviation of 3.5 gallons/wk. The manager wants a 90% service level, and lead time is 2 days.
a) Assuming ROP is used, calculate the level at which SweetEndings should reorder. What is the best estimate for days of supply are onhand at this point?
b) If FOI is used instead with a 10-day order interval, • how much should be reordered if there is 8 gallons on-hand, assuming we must order in 1 gallon increments? • What is the chance SweetEndings runs out before this order is received?
c) If ROP is used and if the manager gets a call from the Yogurt supplier a day after placing the order (and after 2 more gallons have been sold) that the order will be late. • What is the chance she runs out if the order is 1 day later than planned? • What the order arrives 2 days later than planned?
In: Operations Management
Sweet Endings is a shop open 7 days a week. Demand for Chocolate Frozen Yogurt* can be approximated by a normal distribution with a mean of 21 gallons/wk and a standard deviation of 3.5 gallons/wk. The manager wants a 90% service level, and lead time is 2 days.
- What is the chance she runs out if the order is 1 day later than planned?
- What the order arrives 2 days later than planned?
In: Operations Management
You have joined a northern mail order company selling winter coats. You have the coat sales by quarter for the last three years.
Year 1 Qtr 1, 24 Winter Coats Qtr 2, 12 Qtr 3, 20 Qtr 4, 36 Year 2 Qtr 1, 28 Winter Coats Qtr 2, 10 Qtr 3, 22 Qtr 4, 40 Year 3 Qtr 1, 32 Winter coats Qtr 2, 14 Qtr 3, 27 Qtr 4, 44
Use linear regression to forecast the total coats to be sold in year 4 in thousands. For the equation Y = aX + b give "a". ____ (two decimals) Give "b" ____ (two decimals)
Give the forecast for the fourth year? ____ (two decimals)Next use the quarters to generate seasonal factors. Give the season factor for quarter one? ____ (two decimals)
Give the season factor for quarter two? _____ (two decimals)Give the season factor for quarter three? _____ (two decimals) Give the season factor for quarter four? ______ (two decimals) Give the forecasted sales for quarter one? ______ (All answers remaining to two decimals) Quarter two? ______Quarter three? ______Quarter four? _____
In: Operations Management
You are attempting to value a call option with an exercise price of $109 and one year to expiration. The underlying stock pays no dividends, its current price is $109, and you believe it has a 50% chance of increasing to $130 and a 50% chance of decreasing to $88. The risk-free rate of interest is 12%. Calculate the call option’s value using the two-state stock price model.
In: Finance
Identify the set of possible values for each random variable.
(Make a reasonable estimate based on experience, where necessary,
it's not the numbers but the concept that is important.)
a. The number of heads in two tosses of a coin.
b. The average weight of newborn babies born in a particular county
one month.
c. The amount of liquid in a 12-ounce can of soft drink.
d. The number of games in the next World Series (best of up to
seven games).
e. The number of coins that match when three coins are tossed at
once.
In: Statistics and Probability
When the government runs a budget deficit,
a. national saving is higher than it would be if the budget were
balanced.
b. investment is lower than it would be if the budget were
balanced.
c. interest rates are lower than they would be if the budget were
balanced.
d. All of the above are correct.
e. None of the above is correct.
In: Economics
Task 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Five batch jobs, A through E, arrive at a computer at essentially at the same time.
They have an estimated running time of 15, 9, 3, 6 and 12 minutes, respectively.
Their externally defined priorities are 6, 3, 7, 9 and 4, respectively, with a lower value
corresponding to a higher priority. For each of the following scheduling algorithms,
determine the average turnaround time (TAT). Hint: First you should determine the
schedule, second you should determine the TAT of each job, and in the last step you
should determine the average TAT. Ignore process switching overhead. In the last 3
cases assume that only one job at a time runs until it finishes and that all jobs are
completely processor bound. Explain how you arrive at your answers.
2.1 Round robin with a time quantum of 1 minute (run in order A to E) (1)
2.2 Priority scheduling (1)
2.3 FCFS (run in order A to E) (1)
2.4 Shortest job first (1)
In: Computer Science
The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses in its budgeting and performance reports—the number of courses and the total number of students. For example, the school might run two courses in a month and have a total of 63 students enrolled in those two courses. Data concerning the company’s cost formulas appear below:
| Fixed Cost per Month | Cost per Course | Cost per Student |
|||||
| Instructor wages | $ | 2,970 | |||||
| Classroom supplies | $ | 280 | |||||
| Utilities | $ | 1,210 | $ | 50 | |||
| Campus rent | $ | 4,500 | |||||
| Insurance | $ | 2,000 | |||||
| Administrative expenses | $ | 3,700 | $ | 46 | $ | 7 | |
For example, administrative expenses should be $3,700 per month plus $46 per course plus $7 per student. The company’s sales should average $850 per student.
The company planned to run four courses with a total of 63 students; however, it actually ran four courses with a total of only 59 students. The actual operating results for September appear below:
| Actual | ||
| Revenue | $ | 50,650 |
| Instructor wages | $ | 11,160 |
| Classroom supplies | $ | 17,490 |
| Utilities | $ | 1,820 |
| Campus rent | $ | 4,500 |
| Insurance | $ | 2,140 |
| Administrative expenses | $ | 3,751 |
Required:
1. Prepare the company’s planning budget for September.
Prepare the company’s planning budget for September.
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2. Prepare the company’s flexible budget for September.
Prepare the company’s flexible budget for September.
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3. Calculate the revenue and spending
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In: Accounting