Questions
Solo Inc. is proposing a rights offering. Presently there are 200,000 shares outstanding at $80 each....

Solo Inc. is proposing a rights offering. Presently there are 200,000 shares outstanding at $80 each. Two rights will be required to buy one new share for a subscription price of $50. What will be the ex-rights price (the price after the offering is complete)?

In: Finance

The table below contains information about the production, costs and profits of a firm. The price...

The table below contains information about the production, costs and profits of a firm.

The price faced by the firm is $40 per unit.

There are 50 empty cells in the table.

(a) Fill in all the empty cells.

Output

Total Fixed Costs

Total Variable Costs

Marginal Costs

Average Variable Costs

Average Fixed Costs

Average Total Costs

Price per unit

Profits

0

12

1

12

50

50.0

50.0

-22.0

2

12

75

25.0

37.5

43.5

3

10.0

28.3

4

20.0

26.3

5

133

28.0

26.6

6

160

26.7

7

198

28.3

8

12

270

72.0

38.0

9

12

320

50.0

10

12

400

40.0

1.2

41.2

(b) Identify the output level at which profits are maximized. Show that this confirms the profit maximizing rule for the perfectly competitive firm.

In: Economics

Pelican Stores Pelican Stores, a division of National Clothing, is a chain of women’s apparel stores...

Pelican Stores


Pelican Stores, a division of National Clothing, is a chain of women’s apparel stores operating throughout the country. The chain recently ran a promotion in which discount coupons were sent to customers of other National Clothing stores. data collected for a sample of 100 in-store credit card transactions at Pelican Stores during one day while the promotion was running are contained in the file named PelicanStores. Table 2.19 shows a portion of the data set. The Proprietary Card method of payment refers to charges made using a National Clothing charge card. Customers who made a purchase using a discount coupon are referred to as promotional customers and customers who made a purchase but did not use a discount coupon are referred to as regular customers. because the promo- tional coupons were not sent to regular Pelican Stores customers, management considers the sales made to people presenting the promotional coupons as sales it would not other- wise make. Of course, Pelican also hopes that the promotional customers will continue to shop at its stores.

Most of the variables shown in Table 2.19 are self-explanatory, but two of the variables require some clarification.

- Items The total number of items purchased

- Net Sales The total amount ($) charged to the credit card

Pelican’s management would like to use this sample data to learn about its customer base and to evaluate the promotion involving discount coupons.

Managerial Report

Use the tabular and graphical methods of descriptive statistics to help management develop a customer profile and to evaluate the promotional campaign. At a minimum, your report should include the following:

1. Percent frequency distribution for key variables.

2. A bar chart or pie chart showing the number of customer purchases attributable to the method of payment.

3. A crosstabulation of type of customer (regular or promotional) versus net sales. Comment on any similarities or differences present.

4. A scatter diagram to explore the relationship between net sales and customer age.

Table 2.19

Customer Type of Customer Items Net Sales Method of Payment Gender Marital Status Age
1 Regular 1 39.50 Discover Male Married 32
2 Promotional 1 102.40 Proprietary Card Female Married 36
3 Regular 1 22.50 Proprietary Card Female Married 32
4 Promotional 5 100.40 Proprietary Card Female Married 28
5 Regular 2 54.00 MasterCard Female Married 34
6 Regular 1 44.50 MasterCard Female Married 44
7 Promotional 2 78.00 Proprietary Card Female Married 30
8 Regular 1 22.50 Visa Female Married 40
9 Promotional 2 56.52 Proprietary Card Female Married 46
10 Regular 1 44.50 Proprietary Card Female Married 36
11 Regular 1 29.50 Proprietary Card Female Married 48
12 Promotional 1 31.60 Proprietary Card Female Married 40
13 Promotional 9 160.40 Visa Female Married 40
14 Promotional 2 64.50 Visa Female Married 46
15 Regular 1 49.50 Visa Male Single 24
16 Promotional 2 71.40 Proprietary Card Male Single 36
17 Promotional 3 94.00 Proprietary Card Female Single 22
18 Regular 3 54.50 Discover Female Married 40
19 Promotional 2 38.50 MasterCard Female Married 32
20 Promotional 6 44.80 Proprietary Card Female Married 56
21 Promotional 1 31.60 Proprietary Card Female Single 28
22 Promotional 4 70.82 Proprietary Card Female Married 38
23 Promotional 7 266.00 American Express Female Married 50
24 Regular 2 74.00 Proprietary Card Female Married 42
25 Promotional 2 39.50 Visa Male Married 48
26 Promotional 1 30.02 Proprietary Card Female Married 60
27 Regular 1 44.50 Proprietary Card Female Married 54
28 Promotional 5 192.80 Proprietary Card Female Single 42
29 Promotional 3 71.20 Proprietary Card Female Married 32
30 Promotional 1 18.00 Proprietary Card Female Married 70
31 Promotional 2 63.20 MasterCard Female Married 28
32 Regular 1 75.00 Proprietary Card Female Married 52
33 Promotional 3 63.20 Proprietary Card Female Married 44
34 Regular 1 40.00 Proprietary Card Female Married 34
35 Promotional 5 105.50 MasterCard Female Married 56
36 Regular 1 29.50 MasterCard Male Single 36
37 Regular 2 102.50 Visa Female Single 42
38 Promotional 6 117.50 Proprietary Card Female Married 50
39 Promotional 5 13.23 Proprietary Card Female Married 44
40 Regular 2 52.50 Proprietary Card Female Married 58
41 Promotional 13 198.80 Proprietary Card Female Married 42
42 Promotional 4 19.50 Visa Female Married 46
43 Regular 2 123.50 Proprietary Card Female Married 48
44 Promotional 1 62.40 Proprietary Card Female Married 54
45 Promotional 2 23.80 Proprietary Card Female Married 38
46 Promotional 2 39.60 Proprietary Card Female Married 60
47 Regular 1 25.00 MasterCard Female Married 46
48 Promotional 3 63.64 Proprietary Card Female Married 30
49 Promotional 1 14.82 Proprietary Card Female Married 32
50 Promotional 9 145.20 MasterCard Female Married 46
51 Promotional 6 176.62 Proprietary Card Female Married 38
52 Promotional 5 118.80 Proprietary Card Male Married 68
53 Regular 1 58.00 Discover Female Single 78
54 Regular 2 74.00 Visa Female Single 20
55 Regular 2 49.50 MasterCard Female Married 32
56 Promotional 3 141.60 Proprietary Card Female Married 38
57 Promotional 6 123.10 Proprietary Card Female Married 54
58 Promotional 2 80.40 Proprietary Card Female Married 48
59 Promotional 4 65.20 MasterCard Female Married 46
60 Promotional 4 113.00 Proprietary Card Female Single 50
61 Promotional 1 108.80 Proprietary Card Female Married 46
62 Promotional 3 59.91 Proprietary Card Female Single 30
63 Promotional 5 53.60 Proprietary Card Female Married 54
64 Promotional 1 31.60 Proprietary Card Female Single 42
65 Promotional 2 49.50 Proprietary Card Female Married 48
66 Promotional 1 39.60 Proprietary Card Female Married 62
67 Promotional 2 59.50 Proprietary Card Female Married 34
68 Promotional 5 146.80 Proprietary Card Female Married 28
69 Promotional 2 47.20 Proprietary Card Male Married 46
70 Promotional 8 95.05 Proprietary Card Female Married 54
71 Promotional 5 155.32 Proprietary Card Female Married 30
72 Promotional 4 58.00 MasterCard Female Married 32
73 Regular 1 69.00 Proprietary Card Female Single 22
74 Promotional 2 46.50 Proprietary Card Female Married 32
75 Promotional 2 45.22 Proprietary Card Female Married 74
76 Promotional 4 84.74 Proprietary Card Female Married 62
77 Regular 2 39.00 Proprietary Card Female Married 42
78 Promotional 4 111.14 Proprietary Card Female Married 28
79 Promotional 3 86.80 Proprietary Card Female Married 38
80 Regular 2 89.00 Discover Female Married 54
81 Promotional 2 78.00 MasterCard Female Married 68
82 Promotional 6 53.20 Proprietary Card Female Single 30
83 Promotional 4 58.50 Visa Female Married 36
84 Promotional 3 46.00 Proprietary Card Female Married 44
85 Regular 2 37.50 Visa Female Married 44
86 Promotional 1 20.80 Proprietary Card Female Married 62
87 Regular 6 144.00 MasterCard Female Single 48
88 Regular 4 107.00 Proprietary Card Female Married 36
89 Promotional 1 31.60 Proprietary Card Female Single 20
90 Promotional 6 57.60 Proprietary Card Female Married 42
91 Promotional 4 95.20 Proprietary Card Female Married 54
92 Promotional 1 22.42 Proprietary Card Female Married 54
93 Regular 5 159.75 Proprietary Card Female Married 72
94 Promotional 17 229.50 Proprietary Card Female Married 30
95 Regular 3 66.00 American Express Female Married 46
96 Regular 1 39.50 MasterCard Female Married 44
97 Promotional 9 253.00 Proprietary Card Female Married 30
98 Promotional 10 287.59 Proprietary Card Female Married 52
99 Promotional 2 47.60 Proprietary Card Female Married 30
100 Promotional 1 28.44 Proprietary Card Female Married 44

In: Statistics and Probability

Your company has two​ divisions: One division sells software and the other division sells computers through...

Your company has two​ divisions: One division sells software and the other division sells computers through a direct sales​ channel, primarily taking orders over the internet. You have decided that Dell Computer is very similar to your computer​ division, in terms of both risk and financing. You go online and find the following​ information: Dell's beta is 1.16​, the​ risk-free rate is 4.1 %​, its market value of equity is $ 65.5 ​billion, and it has $ 700 million worth of debt with a yield to maturity of 6.4 %. Your tax rate is 40 % and you use a market risk premium of 5.2 % in your WACC estimates. a. What is an estimate of the WACC for your computer sales​ division? b. If your overall company WACC is 11.6 % and the computer sales division represents 44 % of the value of your​ firm, what is an estimate of the WACC for your software​ division? ​Note: Assume that the firm will always be able to utilize its full interest tax shield. a. What is an estimate of the WACC for your computer sales​ division? The weighted average cost of capital for your computer sales division is nothing​%

In: Finance

Do heavier cars really use more gasoline? Suppose a car is chosen at random. Let x...

Do heavier cars really use more gasoline? Suppose a car is chosen at random. Let x be the weight of the car (in hundreds of pounds), and let y be the miles per gallon (mpg).

x 25 46 33 47 23 40 34 52
y 33 22 23 13 29 17 21 14

Complete parts (a) through (e), given Σx = 300, Σy = 172, Σx2 = 12,028, Σy2 = 4038, Σxy = 5996, and

r ≈ −0.883.

(a) Draw a scatter diagram displaying the data.

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Horizontal Parabola

Point

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(b) Verify the given sums Σx, Σy, Σx2, Σy2, Σxy, and the value of the sample correlation coefficient r. (Round your value for r to three decimal places.)

Σx = 2
Σy = 3
Σx2 = 4
Σy2 = 5
Σxy = 6
r = 7


(c) Find x, and y. Then find the equation of the least-squares line  = a + bx. (Round your answers for x and y to two decimal places. Round your answers for a and b to three decimal places.)

x = 8
y = 9
= 10 + 11 x


(d) Graph the least-squares line. Be sure to plot the point (x, y) as a point on the line.


(e) Find the value of the coefficient of determination r2. What percentage of the variation in y can be explained by the corresponding variation in x and the least-squares line? What percentage is unexplained? (Round your answer for r2 to three decimal places. Round your answers for the percentages to one decimal place.)

r2 = 13
explained     14 %
unexplained     15 %


(f) Suppose a car weighs x = 41 (hundred pounds). What does the least-squares line forecast for y = miles per gallon? (Round your answer to two decimal places.)
16 mpg

In: Statistics and Probability

The Morton Supply Company produces clothing, footwear, and accessories for dancing and gymnastics. They produce three...

The Morton Supply Company produces clothing, footwear, and accessories for dancing and gymnastics. They produce three models of pointe shoes used by ballerinas to balance on the tips of their toes. The shoes are produced from four materials: cardstock, satin, plain fabric, and leather. The number of square inches of each type of material used in each model of shoe, the amount of material available, and the profit/model are shown below:

Material (measured in square inches)

Model 1 Model 2 Model 3 Material Available
Cardstock   12   10   14 1,200
Satin   24   20   15 2,000
Plain fabric   40   40   30 7,500
Leather   11   11   10 1,000
Profit per model $50 $44 $40

Please help answer the following:

a. Identify the decision variables, objective function, and constraints in simple verbal statements.

b. Mathematically formulate a linear optimization model.

c. Implement the linear optimization model that you developed on a spreadsheet and use Solver to find an optimal solution. Interpret the Solver Answer Report and identify the binding constraints

In: Statistics and Probability

Doug Casey is in charge of planning and coordinating next spring’s sales management training program for...

Doug Casey is in charge of planning and coordinating next spring’s sales management training program for his company. Doug listed the following activity information for this project:

Immediate Time (weeks)
Activity Description Predecessor(s) Optimistic Most Probable Pesssimistic
A Plan topic 2 2 2
B Obtain speakers A 1.5 2 2.5
C List meeting locations 1 2.5 10
D Select location C 1 1.5 2
E Finalize speaker travel plans B, D 0.5 1 1.5
F Make final check with speakers E 1.5 2 2.5
G Prepare and mail brochure B, D 4 4.5 8
H Take reservations G 2 4 6
I Handle last-minute details F, H 2 3 4
  1. Which project network is correct?
    (i) (ii)
    (iii) (iv)

    Network (iii)  
  2. Prepare an activity schedule.

    If required, round your answers to two decimal places. If your answer is zero, enter “0”.
    Activity Expected Time Variance
    A fill in the blank 2 fill in the blank 3
    B fill in the blank 4 fill in the blank 5
    C fill in the blank 6 fill in the blank 7
    D fill in the blank 8 fill in the blank 9
    E fill in the blank 10 fill in the blank 11
    F fill in the blank 12 fill in the blank 13
    G fill in the blank 14 fill in the blank 15
    H fill in the blank 16 fill in the blank 17
    I fill in the blank 18 fill in the blank 19
    Earliest Latest Earliest Latest Critical
    Activity Start Start Finish Finish Slack Activity
    A fill in the blank 20 fill in the blank 21 fill in the blank 22 fill in the blank 23 fill in the blank 24 No
    B fill in the blank 26 fill in the blank 27 fill in the blank 28 fill in the blank 29 fill in the blank 30 No
    C fill in the blank 32 fill in the blank 33 fill in the blank 34 fill in the blank 35 fill in the blank 36
    D fill in the blank 38 fill in the blank 39 fill in the blank 40 fill in the blank 41 fill in the blank 42
    E fill in the blank 44 fill in the blank 45 fill in the blank 46 fill in the blank 47 fill in the blank 48
    F fill in the blank 50 fill in the blank 51 fill in the blank 52 fill in the blank 53 fill in the blank 54
    G fill in the blank 56 fill in the blank 57 fill in the blank 58 fill in the blank 59 fill in the blank 60 Yes
    H fill in the blank 62 fill in the blank 63 fill in the blank 64 fill in the blank 65 fill in the blank 66 Yes
    I fill in the blank 68 fill in the blank 69 fill in the blank 70 fill in the blank 71 fill in the blank 72 Yes
  3. What are the critical activities and what is the expected project completion time?

    A-B-G-H-I  

    If required, round your answer to one decimal place.

    Expected project completion time = fill in the blank 75 weeks.
  4. If Doug wants a 0.99 probability of completing the project on time, how far ahead of the scheduled meeting date should he begin working on the project? Base your calculation solely on the critical path. Note: Use Appendix B to identify the standard score.

    If required, round your answer to one decimal place.

    T = fill in the blank 76 weeks.

In: Accounting

A monopsony hire one worker at a wage of $6, two workers at a wage of...

A monopsony hire one worker at a wage of $6, two workers at a wage of $7 each, (by adding one worker each will cause a one dollar increase to the wage). If the marginal revenue product for all workers is $17, asking how much will the wage to pay?

In: Economics

Table 11-6 Consider the city of Widgetapolis with only four residents, John, James, Mary, and Lydia....

Table 11-6 Consider the city of Widgetapolis with only four residents, John, James, Mary, and Lydia. The four residents are trying to determine how many hours to spend in cleaning up the public lake. The table below shows each resident’s willingness to pay for each hour of cleaning. Hours John James Mary Lydia 1 $30 $50 $40 $10 2 25 40 37 9 3 20 30 34 8 4 15 20 30 7 5 9 10 25 6 6 3 0 15 5 7 0 0 5 4 ​ ​ Refer to Table 11-6. Suppose the cost of cleaning the lake is $20 per hour, and that the residents have agreed to split the cost of cleaning the lake equally. If the residents vote to determine the number of hours spent cleaning the lake, basing their decision solely on what maximizes their own surplus, what is the most number of hours for which all four residents would vote “yes?” a. 6 hours b. 4 hours c. 3 hours d. 5 hours

In: Economics

Jessica’s Catering Service bakes and delivers lasagnas to parties and group meetings. In a typical week,...

Jessica’s Catering Service bakes and delivers lasagnas to parties and group meetings. In a typical week, Jessica has around 40 orders. Each order involves a specific amount of the required lasagna in pounds. A small group would need about 20 pounds, whereas a large group would need almost triple that amount. The following table shows the different customer orders that have come in this week, grouped into eight categories by weight.

Job type

1

2

3

4

5

6

7

8

Weight (pounds)

20

25

30

35

40

45

50

55

Number

10

5

4

7

3

9

2

1

15 points: Jessica has an inventory of 100 six-pound trays and 80 ten-pound trays. Although she appears to have enough capacity in her trays, she would like to plan her orders so that the amount of excess lasagna is kept to a minimum.

5 points: How many six-pound trays and ten-pound trays should Jessica use for each of the orders?

**solve it using solver in excel

In: Operations Management