Bobby Bragg has decided to buy a 10-year old car from Banger Motors for $6 000. Rockwelle Finance has offered Bobby a 4-year loan at an annual interest rate of 15% p.a. with annual payments at the end of each year.

Required:

(1) What is Bobby’s annual loan repayment amount?

(2) What is the principal component of the year 2 loan repayment?

(3) What is the interest component of the year 3 loan repayment?

(4) What is the opening balance of the loan at the commencement of year 4?

a. You have 2 goods, apples, and bananas, that you are buying. The price of apples is $2.00 each and the price of bananas is $1.00 each. You have $10.00 to spend. Draw a budget line for these two products. Fill the table below to help you make this graph.

b. Can you afford 4 apples and 4 bananas? Show why or why not.

Assume that McDonald’s is considering expanding its product line to include one new sandwich. The estimated cash flows for 2 options are listed below. The required return is 18%. What do you recommend? Why?

                  Cash flows in millions

Assume that neither sandwich would be sold after 4 years because McDonald’s assumes that neither sandwich will be profitable after 4 years.

CSCI 1470
Lab 5 Assignment #3

Topic: Selection (switch statement))
Reading: Chapter 4
Point Value: 15 points

*Note: Include the following set of comments at the top of your source code for all assignments.

//Your Name

//Brief description of the purpose of the program (Example: Displays student information.)

Assignment: (Save this file as Lab5-3-YourLastName.cpp) A mobile phone service provider has three different subscription packages for its customers:

      Write a program that calculates and displays a customer’s monthly bill. Prompt for the customer’s name, the month being billed, which package the customer purchased and how many minutes were used. Display the customer’s bill as shown below in the sample output.

Display a menu to allow the user to enter the desired subscription package. Use a switch statement to calculate the monthly charge based on the package chosen.

1. Display an “ERROR MESSAGE” if the minutes entered is less than 0. (The customer cannot use a negative amount of time.)
2. Use the appropriate symbolic constants.

Sample Input/Output:

Please enter the customer's name: Sue Lee

Please enter the current billing month: July

How many minutes were used? 560

Select a subscription package:

1. Package A

2. Package B

3. Package C

4. Quit

Menu Option: 1

The Mobile Phone bill for July

Customer's Name: Sue Lee

Minutes Used: 560

Amount Due: $89.49

Another Sample Input/Output:

Please enter the customer's name: Lisa Miles

Please enter the current billing month: August

How many minutes were used? 700

Select a subscription package:

1. Package A

2. Package B

3. Package C

4. Quit

Menu Option: 7

The valid choices are 1 through 4. Run the

program again and select one of those.

Another Sample Input/Output:

Please enter the customer's name: John Jones

Please enter the current billing month: May

How many minutes were used? 800

Select a subscription package:

1. Package A

2. Package B

3. Package C

4. Quit

Menu Option: 3

The Mobile Phone bill for May

Customer's Name: John Jones

Minutes Used: 800

Amount Due: $69.99

Another Sample Input/Output:

Please enter the customer's name: Karen Hill

Please enter the current billing month: June

How many minutes were used? 500

Select a subscription package:

1. Package A

2. Package B

3. Package C

4. Quit

Menu Option: 4

Program ending.

Another Sample Input/Output:

Please enter the customer's name: Jill Mills

Please enter the current billing month: May

How many minutes were used? 350

Select a subscription package:

1. Package A

2. Package B

3. Package C

4. Quit

Menu Option: 1

The Mobile Phone bill for May

Customer's Name: Jill Mills

Minutes Used: 350

Amount Due: $39.99

Another Sample Input/Output:

Please enter the customer's name: Josh Hayes

Please enter the current billing month: March

How many minutes were used? 850

Select a subscription package:

1. Package A

2. Package B

3. Package C

4. Quit

Menu Option: 2

The Mobile Phone bill for March

Customer's Name: Josh Hayes

Minutes Used: 850

Amount Due: $59.99

Grading Criteria:

· If program does not run, then 0 points for lab grade.

· -1 point – if no name or description of code

· -1 point – if no named constants are used

· -2 points – for inaccurate output item (Amount Due)

· -1 point – for output items not displayed in sample report (Customer Name, Month, Minutes Used, Amount due)

· -2 points – If no input validation with error message for number of minutes

· -1 point – if money values are not displayed with 2 decimal position

· -2 points – If menu is not displayed for user

A small college has only 4 students and offers only 3 majors: Art, English, and Physics.

Suppose that the 4 students are assigned to these 3 majors at random with probabilities P[Art] = 1/4, P[English] = 1/2, P[Math] = 1/4.

Let A, E, and M denote the numbers of students assigned to Art, English, and Math, respectively

(i) What is the probability distribution of A? E? M? State the expected values and variances of each.

(ii) What is the joint probability distribution of (A, E, M)? State the joint probability mass function f(a, e, m) = P[A = a, E = e, M = m].

(iii) What are Cov(A, E), Cov(A, M), Cov(E, M)? Are A, E, and M independent?

(iv) Find the probability that each major has at least 1 student.

Total revenue for producing 10 units of output is $5. Total revenue for producing 11 units of output is $9. Given this information, the

1. Average revenue for producing 11 units is $2.

2. Average revenue for producing 11 units is $4

3. Marginal revenue for producing the 11th unit is $2.

4. Marginal revenue for producing the 11th unit is $4.

Refer to the above data. If product price is $30, the firm will: 
A. shut down.
B. produce 4 units and realize a $40 economic profit.
C. produce 6 units and realize a $70 loss.
D. produce 5 units and incur a $60 loss.

Required information

[The following information applies to the questions displayed below.]

Drs. Glenn Feltham and David Ambrose began operations of their physical therapy clinic, called Northland Physical Therapy, on January 1, 2017. The annual reporting period ends December 31. The trial balance on January 1, 2018, was as follows (the amounts are rounded to thousands of dollars to simplify):

Transactions during 2018 (summarized in thousands of dollars) follow:

1. Borrowed $24 cash on July 1, 2018, signing a six-month note payable.
2. Purchased equipment for $27 cash on July 2, 2018.
3. Issued additional shares of common stock for $4 on July 3.
4. Purchased software on July 4, $4 cash.
5. Purchased supplies on July 5 on account for future use, $6.
6. Recorded revenues on December 6 of $59, including $10 on credit and $49 received in cash.
7. Recognized salaries and wages expense on December 7 of $32; paid in cash.
8. Collected accounts receivable on December 8, $7.
9. Paid accounts payable on December 9, $8.
10. Received a $4 cash deposit on December 10 from a hospital for a contract to start January 5, 2019.

Data for adjusting journal entries on December 31:

11. Amortization for 2018, $1.
12. Supplies of $4 were counted on December 31, 2018.
13. Depreciation for 2018, $2.
14. Accrued interest of $1 on notes payable.
15. Salaries and wages incurred but not yet paid or recorded, $2.
16. Income tax expense for 2018 was $5 and will be paid in 2019.

1. 1, 3, 5 and 8. Set up T-accounts for the accounts on the trial balance. Enter beginning balances and post the transactions (a)-(j), adjusting entries (k)-(p), and closing entry. (Enter your answers in thousands of dollars.)

1.) If A= 2i + 4j - k and B= i + 2j + 3k , find the product of the two vectors.

2.) An airplane travels 209 km on a straight course at an angle of 22.5° East of North. It then changes its course by moving 100 km North before reaching its destination. Determine the resultant displacement of the airplane.

3.) Calculate the average velocity given 6.00 m and 8.00 m respectively and its time interval t= 2.00 s to 5.00 s.

4.) A particle is in motion and is accelerating. The functional form of the velocity is v(t) = 2t^2 - 4t +69 . Determine (a) the instantaneous acceleration at t= 2, 4, 6 s
and (b) the instantaneous velocity at t= 2, 4, 6 s.

Suppose a professional basketball player historically makes 38% of his three-point field goals. After a rigorous off-season training, the player makes 31 of his 75 three-point field goals. Does this represent significant evidence that the player's three-point field goal shooting has improved? Use the α = 0.05 level of significance.

Verify the conditions:

Step 1: [ 2 point] State the hypothesis

Step 2: [2 point] Select level of significance

Step 3: [ 4 points] Calculate test statistics

Step 4: [4 points] Sketch the distribution used and

a) use Classical value

b) use P-value method

Step 5: [ 2 point] State the conclusion completely

5)

The following table describes the costs of production for a firm.

What is the average fixed cost of producing 4 units?

Group of answer choices

a 250

b None of these answers

c 1000

d 200

e 1250

6)

Suppose a firm has the following costs:

What is the average fixed cost at a quantity of 5 units?

Group of answer choices

a 200

b 40

c 100

d 60

e 300