13. In an imaginary economy, consumers buy only hot dogs and hamburgers. The fixed basket consists of 10 hot dogs and 6 hamburgers. A hot dog cost $3 in 2006 and $5.40 in 2007. A hamburger cost $5 in 2006 and $6 in 2007. Which of the following statements is correct?

a. When 2006 is chosen as the base year, the consumer price index is 90 in 2007.

b. When 2006 is chosen as the base year, the inflation rate is 50 percent in 2007.

c. When 2007 is chosen as the base year, the consumer price index is 100 in 2006.

d. When 2006 is chosen as the base year, the inflation rate is 50 percent in 2007.

14. The CPI was 120 in 2000 and 132 in 2001. Dorgan borrowed money in 2000 and repaid the loan in 2001. If the nominal interest rate on the loan was 12 percent, then the real interest rate was

a. 2 percent.

b. 10 percent.

c. 12 percent.

d. 22 percent

15. By not taking into account the possibility of consumer substitution, the CPI

a. understates the cost of living.

b. overstates the cost of living.

c. may overstate or understate the cost of living, depending on how much prices rise.

d. may overstate or understate the cost of living, regardless of the extent to which prices rise

16. You know that a candy bar cost five cents in 1962. You also know the CPI for 1962 and the CPI for today. Which of the following would you use to compute the price of the candy bar in today's prices?

a. five cents × (1962 CPI/ today's CPI)

b. five cents × (1962 CPI/(today's CPI - 1962 CPI))

c. five cents × (today's CPI/1962 CPI)

d. five cents × today's CPI - five cents × 1962 CPI.

17. The nominal interest rate tells you

a.   how fast the number of dollars in your bank account rises over time.

b.   how fast the purchasing power of your bank account rises over time.

c.   the number of dollars in your bank account today.

d.   the purchasing power in your bank account today.

18. Consider two countries. Country A has a population of 1,000, of whom 800 work 8 hours a day to make 128,000 final goods. Country B has a population of 2,000 of whom 1,800 work 6 hours a day to make 270,000 final goods

a.   Country A has higher productivity and higher real GDP per person than country B.

b.   Country A has lower productivity and lower real GDP per person than country B.

c.   Country A has higher productivity, but lower real GDP per person than country B.

d.   Country B has lower productivity, but higher real GDP per person than country B.

19. The Peapod Restaurant uses all of the following to produce vegetarian meals. Which of them is an example of physical capital?

a. The owner's knowledge of how to prepare vegetarian entrees.

b. The money in the owner's account at the bank she borrowed money from.

c. The tables and chairs in the restaurant.

d. The land the restaurant was built on.

20. In a particular country in 1998, the average worker needed to work 25 hours to produce 40 units of output. In that same country in 2008, the average worker needed to work 40 hours to produce 68 units of output. In that country, the productivity of the average worker

a. decreased by 1. 7 percent between 1998 and 2008.

b. remained unchanged between 1998 and 2008.

c. increased by 4. 75 percent between 1998 and 2008.

d. increased by 6. 25 percent between 1998 and 2008

The U.S. Court of Appeals for the Seventh Circuit has upheld a district court ruling requiring marketers of the “Q-Ray Ionized Bracelet” to give up almost $16 million in net profits as part of a maximum $87 million they must pay in refunds to consumers. In a decision issued on January 3 and written by Chief Judge Frank Easterbrook, the court concluded, “The magistrate judge did not commit a clear error, or abuse his discretion, in concluding that the defendants set out to bilk unsophisticated persons who found themselves in pain from arthritis and other chronic conditions.” The court found that the defendants’ claims about how their product worked, for example, through “ionization” or “enhancing the flow of bio-energy” were “blather.” Judge Easterbrook wrote, “Defendants might as well have said: Beneficent creatures from the 17th Dimension use this bracelet as a beacon to locate people who need pain relief, and whisk them off to their homeworld every night to provide help in ways unknown to our science.” The FTC filed its case in May 2003, alleging that QT Inc., Q-Ray Company, and Bio-Metal, Inc., located in Illinois, and their owner, Que Te Park, also known as Andrew Q. Park, made false and misleading advertising claims that the Q-Ray bracelet provided immediate and significant pain relief and deceptively advertised their refund policy, in violation of Sections 5 and 12 of the FTC Act. In September 2006, the federal district court in Chicago found in favor of the FTC. In November 2006, the court required the defendants to turn over a minimum of $22.5 million in net profits and up to $87 million in refunds to consumers who bought the bracelets between January 1, 2000 and June 30, 2003, when the bracelet was advertised on infomercials and Internet Web sites, and at trade shows. The district court later reduced the minimum disgorgement amount to $15.9 million, which the appellate court has upheld. The appellate court rejected the defendants’ argument that the magistrate judge had held the defendants to too high a standard of proof for their purported therapeutic claims about the bracelet and found that the claims must be based on science. The court found that “proof is what separates an effect new to science from a swindle” and that the defendants “have no proof,” stating that the “tests” the defendants relied on were “bunk.” The court also rejected the defendants’ contention that testimonials could support their claims -- the defendants could not show that the testimonials would not have enjoyed the same pain relief even if they had not worn the bracelet. “That’s why the ‘testimonial’ of someone who keeps elephants off the streets of a large city by snapping his fingers is the basis of a joke rather than proof of cause and effect,” stated the court. The appellate court also rejected the defendants’ argument that because their bracelet conferred a benefit to consumers through its placebo effect, they were vindicated in making their false therapeutic claims. The court held that the Federal Trade Commission Act “lacks an exception for ‘beneficial deceit’.” The court noted, “Deceit such as the tall tales that defendants told about the Q-Ray Ionized Bracelet will lead some consumers to avoid treatments that cost less and do more . . .”. The court also found that the defendants deceived consumers who purchased online and received only a 10-day return period when the infomercials promised a 30-day refund and suggested that consumers purchase online. “The disclosure of this shorter period was buried several clicks away on the website” and did not ameliorate the infomercial time frame upon which “reasonable consumers” could rely, the court stated. The Q-Ray defendants are currently in Chapter 11 bankruptcy in the United States Bankruptcy Court for the Northern District of Illinois.

1. Are not such claims as those at the center of this case so transparent that there is no need for a government agency or court to intervene?

2. Does not the marketplace effectively wee out such frauds?

3. Assume that the defendant had actually conducted scientific studies, which had proved inconclusive. How might the judge have ruled in that situation?

Business Description

A friend, Jay Green, is considering opening a cupcake store to sell gourmet cupcakes. Jay has asked you to help with formulating the projected numbers for the business and help analyze if the company will be successful. Using the skills you have developed in ACCT 551 Accounting for Managers, you will analyze the business to determine if you will recommend to Jay whether or not to enter into the business venture. Jay plans to launch the business on January 1, 2020. Following is the cost information provided by Jay:

Cost information:

• Jay plans to hire a baker that will charge $12 per dozen cupcakes.
• Jay has found a location near downtown that may be rented for $1,200 per month.
• Utilities are estimated to be $150 per month.
• Fixtures for the business will cost $8,400 (depreciation will be $1,200 per year for 7 years)
• Jay plans to open the store 7 days per week from 10:00 AM until 6:00 PM. Sales people will be paid $10.00 per hour.
• Business insurance will be purchased at a cost of $720 per year.
• Advertising costs are expected to be $2,400 per year.

Requirements:

Using separate tabs in a spreadsheet, provide your answers for the following.

1. Develop the annual cost formula in Y = a + bX format, i.e. Total Costs = Fixed Costs + (Variable Cost per Unit times number of units) (10 points).
2. You want to help Jay set a selling price for the cupcakes. Research who the competition is and at what price they are selling gourmet cupcakes (this will provide a base for a target price). Provide the detailed information for at least 3 competitors. Based on the projection of selling 24,000 cupcakes and an expectation of a 15% profit, what is the maximum cost allowable for all expenses? (10 points).
3. Develop a price using cost-based pricing assuming that Jay expects to sell 24,000 cupcakes the first year with a 15% profit (10 points).
4. If the selling price is $3.50 per cupcake, what is the contribution margin per cupcake and contribution margin ratio (10 points).
5. At a selling price of $3.50 per cupcake, how many cupcakes need to be sold in order to break-even? What is the break-even in sales dollars? (10 points).
6. Based on a selling price of $3.50 prepare a cost/volume/profit graph (Hint: this is explained in Module 16) (20 points).
7. Based on the expected production of 24,000 cupcakes, calculate an overhead rate per cupcake (10 points).
8. Prepare a cash budget for the company’s first year of operations based on sales of 24,000 cupcakes at a price of $3.50 per cupcake. Assume all sales are cash sales and that all costs and expenses are paid in cash. Rent, insurance, and advertising costs will be paid on a monthly basis. A minimum cash balance of $2,500 should be maintained (20 points).
9. Prepare the company’s forecasted income statement for the year ended on 12/31/2020 based on the sale of 24,000 cupcakes at $3.50 per cupcake (15 points).
10. Prepare a forecasted balance sheet as of December 31, 2020 based on the sale of 24,000 cupcakes at $3.50 per cupcake (15 points).
11. Prepare a forecasted statement of cash flows for the year ended December 31, 2020 based on the sale of 24,000 cupcakes at $3.50 per cupcake (15 points).
12. Describe a minimum of three variances that Jay could analyze to monitor the business (minimum 200 words). (15 points)
13. Provide and explain at least 1 financial metric and 3 nonfinancial metrics that Jay could utilize to monitor the business using a balanced scorecard approach. (15 points)
14. For capital investments, which capital budgeting model would you recommend to Jay? Why? (minimum 200 words) (10 points)

What is your recommendation to Jay regarding this business venture? Provide an explanation incorporating the results of the calculations performed (200-300 words) (15 points).

46. Several years ago, students from the FSC Aviation Department traveled to Elmira-Corning Regional Airport (ELM) to participate in the airport's Air Service Development (ASD) Project. While at ELM, the students stayed at a local hotel and ate at local restaurants. What type of economic impact is this?

1. Direct
2. Indirect
3. Redacted
4. Trickle down

47 According to the FAA General Aviation Airport: A National Asset Report (ASSET I) Appendix B,- Farmingdale's Republic Airport is classified as a/an_________ airport

1. Basic
2. Local
3. Natio.nal
4. Non-primary commercial service airport
5. Regional

48 Which of the following airlines are not governed by the Railway Labor Act of 1926

1. American Airlines
2. Delta Airlines
3. Federal Express
4. Flying Tiger
5. United Parcel Service (UPS) (page 226)

49 According to Joseph A. McCartin, author of Collison Course; Ronald Reagan, The Air Traffic Controllers, and the Strike that Changed America, the union that represented air traffic controllers during the strike of 1981 was

1. American Air Traffic Controllers Trade Union (AATCTU)
2. National Air Traffic Controllers Association (NATCA)
3. Professional Air Traffic Controllers Organization (PATCO)
4. United Air Traffic Professions (UATP)

50 Which of the following legislative acts forever changed the relationship between labor unions and airline management?

1. Airline Deregulation Act of 1978
2. Civil Aeronautics Act of 1938
3. Department of Transportation Act of 1966
4. Federal Aviation Act of 1958

1.)How would you describe the motion of the pendulum?
a.)Rotational Motion
b.)Linear motion
c.)Oscillatory Motion
2.)What is the shape of the graph of position versus time for the pendulum?
a.)Exponential
b.)Sine Wave
c.)Circular
d.)Tangential
3.)What is the shape of the graph for position versus time for the spring?
a.)Circular
b.)Exponential
c.)Sine Wave
d.)Tangential
4.)What were the variables that were changed for the experiment?
a.)Velocity of the weight
b.)Temperature of the room
c.)Mass of the weight
d.)length of the pendulum
5.)Which variable affects the period of the pendulum more?
a.)Length of the pendulum
b.)Velocity
c.)Mass of the pendulum
d.)Spring constant
6.)What variable affects the time period of the spring?
a.)Length the spring is extended to
b.)Mass of the weight
c.)Length of pendulum
d.)Gravitational acceleration
7.)What are two examples where a pendulum is used for timing? (Choose two)
a.)Grandfather Clock
b.)Metronome
c.)An amusement park swing
d.)A stopwatch
8.)What are the sources of error for both experiments?
9.)A pendulum on Earth has a period of 1 second. What will be its period on the moon whose gravity is one-sixth that of the Earth?
10.)Given two mass spring systems such that the spring constant of the first is twice the second and the mass of the second is thrice that of the first, calculate the ratio of the period of the first to that of the second.

Answer value

I try to add the table content work, they will not allow me.. see below in another post pls

One question pls i need help with this, kindly show your work as well so that i can learn. I WILL RATE IT AND LEAVE A COMMENT. THANKS

Tidal Wave is considering purchasing a water park in San Diego comma California​, for $ 1 950 000. The new facility will generate annual net cash inflows of $ 500 000 for eight years. Engineers estimate that the facility will remain useful for eight years and have no residual value. The company uses​ straight-line depreciation. Its owners want payback in less than five years and an ARR of 10​% or more. Management uses a 14​% hurdle rate on investments of this nature.

Requirement 1. Compute the payback​ period, the​ ARR, the​ NPV, and the approximate IRR of this investment.​ (If you use the tables to compute the​ IRR, answer with the closest interest rate shown in the​ tables.) ​(Round the payback period to one decimal​ place.)

​(Round the percentage to the nearest tenth​ percent.)

​(Round your answer to the nearest whole​ dollar.)

The IRR​ (internal rate of​ return) is between

▼

16% and 18%

20% and 22%

22% and 24%

18% and 20%

.

Requirement 2. Recommend whether the company should invest in this project.

​Recommendation:

▼

Do not invest in the new facility.

Invest in the new facility.

1) Which of the following would be the best example of a public good?

a) Clean water at the public lake.

b) A community park.

c) Snowplowing the streets.

d) Public school.

2) Which of the following is the best example of a public good with exclusion?

a) A fireworks display that can be seen miles away.

b) Fire protection services offered by the city.

c) Satellite radio service.

d) A public lake.

3) Which of the following best represents a tragedy of the commons?

a) A shopping mall with no shoppers inside.

b) A severe traffic jam on the freeway.

c) A fire that burns an entire apartment complex.

d) A ski resort that has closed due to lack of snow.

4) Which of the following represents the best example of a free-rider?

a) Your roommate asking you for a ride to school but will not help out with gas.

b) A panhandler who sneaks onto the subway without paying.

c) A person without health insurance visiting an emergency room since they cannot be turned away.

d) A neighbor who plants vegetables in her garden and allows others to help themselves to her harvest.

5) Generally, the amount of public goods available in a society is _____ what is actually desired.

a) greater than

b) less than

c) exactly

d) either exactly or greater than

Please answer all of the questions and explain each answer!

Thank you.