Precision Machining Corporation has been growing steadily over the past decade. Demand for the company’s products continues to rise, so management has decided to expand the production facility; $2 800 000 has been set aside for this over the next four years.Management has developed two different plans for expanding over the next four years: Plan A and Plan B. Plan A would require equal amounts of $750 000, one year from now,two years from now, three years from now, and four years from now. Plan B would require $300 000 now, $700 000 one year from now, $900 000 two years from now, and $975 000 four years from now.The company has decided to fund the expansion with only the $2800 000 and any interest it can earn on it. Before deciding which plan to use, the company asks its treasurer to predict the rates of interest it can earn on the $2 800 000. The treasurer expects that Precision Machining Corporation can invest the $2 800 000 and earn interest at a rate of 4.5% p.a. compounded semi-annually during Year 1, 5.0% p.a. compounded semi-annually during Years 2 and 3, and 5.5% p.a. compounded semi-annually during Year 4. The company can withdraw part of the money from this investment at any time without penalty.

Question

a. Suppose the treasurer found another way to invest the $2 800 000 that earned interest at a rate of 4.9% compounded quarterly for the next five years.a.Could the company meet the cash requirements of the original Plan A with this new investment? (Show all your calculations.)

b. Could the company meet the cash requirements of Plan B withthis new investment? (Show all your calculations.)

c. If the company could meet the cash requirements of both plans, which plan would the treasurer recommend? In other words, which plan would have the lower present value?

CNNBC recently reported that the mean annual cost of auto insurance is 967 dollars. Assume the standard deviation is 291 dollars. You take a simple random sample of 92 auto insurance policies.

A. Find the probability that a single randomly selected value is less than 984 dollars.
P(X < 984) =

Find the probability that a sample of size n=92 is randomly selected with a mean less than 984 dollars.
P(M < 984) =

Enter your answers as numbers accurate to 4 decimal places.

B. A leading magazine (like Barron's) reported at one time that the average number of weeks an individual is unemployed is 23 weeks. Assume that for the population of all unemployed individuals the population mean length of unemployment is 23 weeks and that the population standard deviation is 4 weeks. Suppose you would like to select a random sample of 72 unemployed individuals for a follow-up study.

Find the probability that a single randomly selected value is greater than 24.1.
P(X > 24.1) =  

(Enter your answers as numbers accurate to 4 decimal places.)

Find the probability that a sample of size n=72 is randomly selected with a mean greater than 24.1.
P(M > 24.1) =

(Enter your answers as numbers accurate to 4 decimal places.)

C. Business Weekly conducted a survey of graduates from 30 top MBA programs. On the basis of the survey, assume the mean annual salary for graduates 10 years after graduation is 155000 dollars. Assume the standard deviation is 45000 dollars. Suppose you take a simple random sample of 57 graduates.

Find the probability that a single randomly selected policy has a mean value between 135330.7 and 177649.5 dollars.
P(135330.7 < X < 177649.5) =  

(Enter your answers as numbers accurate to 4 decimal places.)

Find the probability that a random sample of size n=57 has a mean value between 135330.7 and 177649.5 dollars.
P(135330.7 < M < 177649.5) =  

(Enter your answers as numbers accurate to 4 decimal places.)

In 2016, the World Health Organization estimated that the average obesity rate worldwide was 13%[1]. (This includes all countries of the world, not just the countries in the sample.)

[1] Source: World Health Organization.

1. Using the sorted data, determine the probability that a randomly selected country from the sample has an obesity rate greater than the worldwide rate. Show your work and round your answer to the nearest thousandth.

2. Examining the dataset, can you suggest a reason for the high proportion of countries in the dataset having an obesity rate above the worldwide average? State your reason(s) below:

3. Suppose that fifteen of the countries from the dataset were going to be randomly selected for a study to see if the obesity rates were greater than the worldwide obesity rate. Determine if this group could be treated as a binomial distribution. State each requirement.

The transactions of Spade Company appear below.

Kacy Spade, owner, invested $15,500 cash in the company in exchange for common stock.
The company purchased office supplies for $450 cash.
The company purchased $8,572 of office equipment on credit.
The company received $1,829 cash as fees for services provided to a customer.
The company paid $8,572 cash to settle the payable for the office equipment purchased in transaction c.
The company billed a customer $3,286 as fees for services provided.
The company paid $530 cash for the monthly rent.
The company collected $1,380 cash as partial payment for the account receivable created in transaction f.
The company paid $1,200 cash in dividends to the owner (sole shareholder).

Required:
1. Prepare general journal entries to record the transactions below for Spade Company by using the following accounts: Cash; Accounts Receivable; Office Supplies; Office Equipment; Accounts Payable; Common Stock; Dividends; Fees Earned; and Rent Expense. Use the letters beside each transaction to identify entries.

1.

United Snack Company sells 50-pound bags of peanuts to university dormitories for $38 a bag. The fixed costs of this operation are $390,000, while the variable costs of peanuts are $0.24 per pound.

a. What is the break-even point in bags?
  

b. Calculate the profit or loss (EBIT) on 6,000 bags and on 19,000 bags.
  

c. What is the degree of operating leverage at 18,000 bags and at 23,000 bags? (Round your answers to 2 decimal places.)
  

d. If United Snack Company has an annual interest expense of $24,000, calculate the degree of financial leverage at both 18,000 and 23,000 bags. (Round your answers to 2 decimal places.)

e. What is the degree of combined leverage at both a sales level of 18,000 bags and 23,000 bags? (Round your answers to 2 decimal places.)
  

The bottom line is that having enough money means:

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Question 2 (1 point)

People who have enough money:

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Question 3 (1 point)

The relationship between time and money shows that:

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Question 4 (1 point)

The relationship between interest and inflation means:

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Question 5 (1 point)

Social Security is

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Question 6 (1 point)

To teach basic principles of personal finance in a free enterprise economy rests on the proposition that

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Question 7 (1 point)

To invest in a free enterprise economy, a person needs

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Question 8 (1 point)

Inflation is what happens to the value of money over time.

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Question 9 (1 point)

The essentially free enterprise economy exists only for:

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Question 10 (1 point)

Interest ___________ the amount of money over time.

Question 10 options:

18. Aside from talking with farm patrons who contracted E. coli O157:H7 infection, who else should you interview to help determine what could have been the source of the illness versus what did not cause illness?

"List the social benefits of education taking into consideration how a better educated individual will be able to impact the economy, Those impacts can range from employment, production all the way to better medical health for the population."

Property investment constitutes a large and longterm commitment to an individual. Describe the outcome of taking a property loan during fluctuating interest rates. This is from the book financial markets and instituons global edition 9th edition by mishkin.

4. Based on the structure of individual keratin subunits, why would a single point mutation in the alpha-helical region of the monomer result in a defect in the polymer? Be sure to explain it from the standpoint of DNA and intermediate filament structure.