For this portion of the lab you will design the solution so that you perform some conditional tests. For this lab: 1. You will validate input to ensure that the user enters inputs within a certain range or larger than a certain minimum value. You will validate the inputs as follows: (LO 1, 2, 3) a. The user cannot enter a negative number for: i. Miles to kilometers ii. Gallons to liters iii. Pounds to kilograms iv. Inches to centimeters b. The user cannot enter a value above 1000 degrees for Fahrenheit to Celsius (LO1) c. You MUST design a logical program exit. You may NOT use exit, break, quit, or system exit, or ANY OTHER forced exit. Do not use a menu. Use LOGIC to exit the program. 2. If the user enters an invalid value, then the program will issue an error message and terminate immediately. (Do NOT accept further data). 3. Save the program as firstname_lastname_Lab3a.py where you will replace firstname and lastname with your actual first and last name. 4. Test all conditions prior to submitting.

Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100,000 for the year.

Activity Cost Pool                Cost Driver          Est. Overhead           Cost Driver Activity

Ordering and Receiving         Orders                    $   120,000               500 orders

Machine Setup                     Setups                        297,000               450 setups

Machining                             Machine hours         1,500,000               125,000 MH

Assembly                              Parts                        1,200,000               1,000,000 parts

Inspection                             Inspections                 300,000               500 inspections

If overhead is applied using traditional costing based on direct labor hours, the overhead application rate is

a.   $9.60.

b.   $12.00.

c.   $15.00.

d.   $34.17.

In applying the high-low method, what is the unit variable cost?

Month                Miles                Total Cost

January             80,000               $192,000

February           50,000                 160,000

March               70,000                 158,000

April                  90,000                 260,000

a.   $2.88

b.   $2.50

c.   $3.20

d.   Cannot be determined from the information given.

Continue on previous question. In applying the high-low method, what is the fixed cost?

a.   $35,000

b.   $72,000

c.   $28,000

d.   $100,000

QUESTION 1. Kroger management and Meijer management decide to have a sit down face to face meeting. The Kroger people agree NOT to open any stores north of the stores in Midland and Mt. Pleasant. Further, any new stores that will be opened in Michigan will not be within 12 miles of any Meijer Stores. In exchange, Meijer agrees NOT to open any stores in Indiana. Further, Meijer agrees NOT to open any stores west of the western border of Ohio and to stay out of the Southwest area of Michigan from St. Joe’s to Big Rapids.

You work for IGA and you hear rumors about this agreement between your competitors. You consult with your friends at Wal-Mart and they have not only heard the same rumors, but, they have obtained documentation evidencing the agreement. You, acting on behalf of IGA as well as a rep from Wal-Mart, contact Tom Terrific, (TT), your favorite anti-trust attorney. Please share with us what advice he gave you as well as any specific cases, statutes, or principals of law in support of the attorney’s position.

Suppose frank has estimated a cross sectional regression model for demand for gasoline by state: PCONi = 389.6 + 60.8 UHMi - 36.5TAXi - 0.061REGi T Stat : 5.92 -2.77 -1.43 N =50 R2 = .919 Where: PCONi = petroleum consumption in the ith state (trillions of BTUs). UHMi = urban highway miles within the ith state. TAXi = the gasoline tax rate in the ith state (cents per gallon). REGi = motor vehicle registration in the ith state (in thousands)

a. What do you expect the signs of the explanatory variables to be? Explain why.

b. According to the estimated equation, motor vehicle registrations variable is insignificant and it has a negative sign. Does this make sense to you? Why or why not. Explain carefully.

c. Suppose the simple correlation coefficient between REG and UHM is 0.98. What do you infer from that? In light of this added information, what, if anything you would do and why? What would you expect to find?

d. What is VIF? (Not related to above)

e. What is heteroschedasticity? (Not related to above)

Assume that the risk-free rate of return is 4% and the market risk premium (i.e., R_m - R_f ) is 8%. If use the Capital Asset Pricing Model (CAPM) to estimate the expected rate of return on a stock with a beta of 1.28, then this stock’s expected return should be ____.

What is the beta of a stock with an expected return of 10%, if Treasury bills yield 4% and the market return (i.e., R_m) is 10%?

A company has a project with initial investment is $40,000. It will generate $15,000 annually for the next four years. Assume that this company and its project have a beta of 2.0, the risk-free rate of return (i.e., R_m) is 2%, and the market return (i.e., R_m) is 7%?. How much is the NPV of this project?   [Hint: As discussed, the CAMP model can be used to estimate discount rate (r) in the NPV analysis equation].

Problem 1: EBIT and Leverage [LO1] Ghost, Inc., has no debt outstanding and a total market value of $185,000. Earnings before interest and taxes, EBIT, are projected to be $29,000 if economic conditions are normal. If there is strong expansion in the economy, then EBIT will be 30 percent higher. If there is a recession, then EBIT will be 40 percent lower. The company is considering a $65,000 debt issue with an interest rate of 7 percent. The proceeds will be used to repurchase shares of stock. There are currently 7,400 shares outstanding. Ignore taxes for this problem.

Question: ROE and Leverage - Suppose the company in Problem 1 has a market-to-book ratio of 1.0 and the stock price remains constant.

a. Calculate return on equity (ROE) under each of the three economic scenarios before any debt is issued. Also calculate the percentage changes in ROE for economic expansion and recession, assuming no taxes.                                                                                                                                                        

b. Repeat part (a) assuming the firm goes through with the proposed recapitalization.                                     

c. Repeat parts (a) and (b) of this problem assuming the firm has a tax rate of 21 percent.                             

Calculations on Elasticity of Supply and Demand

1. Consider two cities, Control City and Freeburg, that are initially identical, with an equilibrium wage $100, equilibrium employment 100,000 jobs, and 50 million square feet of housing (500 square feet per worker). The government in Control City fixes the maximum total square footage in the city at its current level: new housing can be built, but every square foot of new housing requires that one square foot of old housing be retired from the market. Each city experience an increase in labor demand that shift the market demand curve to the right by 24 percent. In both cities, the wage elasticity of demand for labor is -1.0.

(a) In Freeburg, the wage elasticity of labor supply is 5.0. Illustrate the market effect of the increase in labor demand, including a value for the new equilibrium wage.

(b) In Control City, the wage elasticity of labor supply is 0. Illustrate the market effect of the increase in labor demand, including a value for the new equilibrium wage.

1.Through what angle in degrees does a 33rpm record turn in 0.16s?

A.46°

B.74°

C.31.6°

D.63°

2.What is the weight of a 1.0 kg peanut butter jar on the surface of a planet that has the same mass as the earth but twice the radius of the earth?

A.4.9 N

B.2.5 N

C.19.6 N

D.9.8 N

3.Suppose we want a satellite to revolve around the Earth 5 times a day. What should the radius of its orbit be? (Earth, M = 5.98 × 1024 kg, R = 6.37 × 106 m)

A.2.11 × 107 m

B.1.44 × 107 m

C.0.69 × 107 m

D.7.22 × 107 m

4. A force of 16.88N is applied tangentially to a wheel of radius 0.340m and gives rise to an angular acceleration of 1.20rad/s^2 Calculate the rotational inertia of the wheel.

A.4.78 kg ∙ m2

B.7.17 kg ∙ m2

C.5.98 kg ∙ m2

D.3.59 kg ∙ m2

Ashley Stores, Inc., sells gift cards for use at its stores. The following data pertains to 2019, 2020, and 2021, the company’s first three years of operation: 2019 2020 2021 Gift card sales $ 30,000 $ 45,000 $ 50,000 Gift card usage 12,000 28,000 37,000 As of December 31, 2019, Ashley estimates that 1.0% of its gift cards will never be redeemed. As of December 31, 2020, Ashley has revised its estimate, and now believes 1.5% of all gift cards, including those issued in 2019, will not be redeemed. As of December 31, 2021, its estimate remains at 1.5%. Ashley is not required to remit unused gift card amounts to the state. Required: What amount of breakage revenue should Ashley recognize in 2019, 2020, and 2021? (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) What amount of gift card liability should be reported on Ashley’s balance sheet at December 31, 2019, 2020, and 2021?

Consider the reaction: Li₂S(aq) + Co(NO₃)₂ (aq) à 2 LiNO₃ (aq) + CoS (s)

What is the mole-mole factor (written as a conversion factor) for each reactant to product CoS (s)?

Calculate the molar mass of each substance in the above chemical reaction.

If 4.2 g of Li2S are placed in a flask with excess Co(NO₃)₂, how many grams of CoS are expected? (This is theoretical yield)

The reagents in this reaction are aqueous solutions. If 20 mL of 0.25 M Co(NO₃)₂
are mixed with excess Li₂S solution, how many grams of CoS will be formed? How many moles of LiNO₃ are expected?

If 3 mL of 1.0 M Li₂S is mixed with 3 mL of 0.50 M Co(NO₃)₂, how many grams of CoS will be produced?

After the reaction is complete, there are 50 mL of 0.5 M LiNO₃ present. How much CoS (in grams) was also produced? (No information about the reactants is needed)