The table lists foreign exchange rates for August 25, 2017. On that day, how many dollars would be required to purchase 800 units of each of the following: British pounds, Canadian dollars, EMU euros, Japanese yen, Mexican pesos, and Swedish kronas? Use the direct quotation for your calculations. Round your answers to the nearest cent.

1. It takes Ryan's Drug Store an average of 40 days to sell its inventory and 24 days to collect its accounts receivable. The firm has sales of $491,600 and costs of goods sold of $407,300. What is the accounts receivable turnover rate?

2.

A common-size income statement:
I. expresses all values as a percent of total assets.
II. should reflect a relatively constant cost of goods sold unless a firm changed the percent that it uses to mark up the wholesale price to get the retail price.
III. expresses net income as 100 percent.
IV. can be used to compare the performance of a firm both over time and against its industry.

3.

Which one of the following actions will increase the internal growth rate of a firm, all else held constant?

As a production manager of Chifwamba enterprise, you are given the following output, price and total cost data facing a firm.

1. Complete the above table by calculating FC, VC, MC, AVC, AFC, MR, TR, and Economic Profits [10 Marks].
2. Assuming that the above firm is in a perfectly competitive market structure, is it operating in the short run or long run? Justify your answer by giving two reasons                       [2 Marks]
3. Graph the equilibrium solutions you found in a) for MC, MR, AVC, TVC. [3 Marks]

The following data includes the year, make, model, mileage (in thousands of miles) and asking price (in US dollars) for each of 13 used Honda Odyssey minivans. The data was collected from the Web site of the Seattle P-I on April 25, 2005.

Compute the correlation between age (in years) and mileage for these minivans. (Assume the correlation conditions have been satisfied and round your answer to the nearest 0.001.)

On December 31, 2017, Berclair Inc. had 360 million shares of common stock and 3 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 88 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2018. Four million treasury shares were sold on October 1. Net income for the year ended December 31, 2018, was $550 million. Also outstanding at December 31 were 30 million incentive stock options granted to key executives on September 13, 2013. The options were exercisable as of September 13, 2017, for 30 million common shares at an exercise price of $56 per share. During 2018, the market price of the common shares averaged $70 per share. Required: Compute Berclair's basic and diluted earnings per share for the year ended December 31, 2018. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

An industry currently has 100 firms, each of which has fixed costs of $15 and average variable costs as follows:

Complete the following table by deriving the total cost, marginal cost, and average total cost for each quantity from 1 to 6.

The equilibrium price is currently $20.

Each firm produces _____ ??? units, so the total quantity supplied in the market is ____??? units.

In the long run, firms can enter and exit the market, and all entrants have the same costs as in the previous table.

As this market makes the transition to its long-run equilibrium, the price will FALL OR RISE , quantity demanded will RISE OR FALL , and the quantity supplied by each firm will FALL OR RISE .

Imagine a monopoly producer in the computer industry called Megasoft. The market demand for computer products and the total cost at each level of output is given below. Fixed costs equal $140,000. Fill in the rest of the table and answer the following questions:

1. Is Megasoft a perfectly competitive firm? How can you tell?

2. What is the profit maximizing level of output for Megasoft? How can you tell?

3. How does Megasoft decide what price to charge?

4. What are the firm’s profits?

1. In the following table, assume that someone retires in 2006 with an initial income payment of $25,000 per year in benefits. The benefit payment is then indexed to the Consumer Price Index (CPI) for the next 20 years. Assume also that the CPI would rise by 2% per year. Column (1) shows the value of the CPI in each year, using 2006 as the base year. Calculate the indexed nominal benefits by 2% per year in column (2), the real annual benefits in column (3), the indexed nominal benefits by 3% per year in column (4), and the real annual benefits in column (5).