Jane’s utility function is U(x, y) = x + 2y, where x is her consumption of good X and y is her consumption of good Y. Her income is $2. The price of Y is $2. The cost per unit of X depends on how many units she buys. The total cost of x units of X is the square root of x.
The bundle ( 1 4, 3 4 ) is Jane’ s utility maximizing choice, given her budget.
The bundle (1, 1 2 ) is Jane’ s utility maximizing choice, given her budget.
Given her budget, Jane would maximize her utility by spending all of her income on
good X.
Given her budget, Jane would maximize her utility by spending all of her income on
good Y.
None of the above.
In: Economics
Creating measurable, attainable, positive and specific (MAPS) goals.After reading each of the following general goals, write a question a practitioner could use as a step toward developing a possible MAPS goal and then write a Possible MAPS goal.
1. As I understand it, your goal is to increase your self-confidence.
2.You want to learn to appropriately discipline your children.
3.You will attend six family therapy meetings.
4.You want to stop drinking.
5.You would like your family to do something together that is fun instead of working all the time.
6.You want the people in this group to stop spending so much time talking about what is going on outside of the group.
7.This task group wants to stop spending so much time complaining.
In: Psychology
You have looked at the current financial statements for Reigle Homes, Co. The company has an EBIT of $3,070,000 this year. Depreciation, the increase in net working capital, and capital spending were $236,000, $101,000, and $470,000, respectively. You expect that over the next five years, EBIT will grow at 17 percent per year, depreciation and capital spending will grow at 22 percent per year, and NWC will grow at 12 percent per year. The company has $17,300,000 in debt and 355,000 shares outstanding. You believe that sales in five years will be $18,750,000 and the price-sales ratio will be 2.2. The company’s WACC is 8.9 percent and the tax rate is 22 percent. What is the price per share of the company's stock? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Please show your excel formulas. Thanks!
In: Finance
Choose a real residential community of more than one
person.
Describe its macroeconomy.
Treat the community as though it were a country.
If people don't want to disclose information, select another
community.
Answer these questions:
What kind of governance does your community have?
E.g. homeowner's association, SCU and dorm administration, city
government.
How are financial decisions made?
Calculate the GDP and its parts:
List on a table, and enter the totals of income from all sources,
including wages, loans, scholarships, and gifts.
You don't need to list the individual persons' incomes.
List and describe the categories (consumption, investment) and
totals of spending, including tuition and housing, and
savings.
List the purchase and sale of foreign assets such as a bank
account.
Include total income and GDP income and spending.
List these in tables, and then provide relevant explanations.
Have there been any investments?
In: Economics
You have looked at the current financial statements for Reigle Homes, Co. The company has an EBIT of $3,170,000 this year. Depreciation, the increase in net working capital, and capital spending are expected to be $241,000, $106,000, and $495,000, respectively. You expect that over the next five years, EBIT will grow at 15 percent per year, depreciation and capital spending will grow at 20 percent per year, and NWC will grow at 10 percent per year. The company currently has $18.3 million in debt and 380,000 shares outstanding. After Year 5, the adjusted cash flow from assets is expected to grow at 3 percent indefinitely. The company’s WACC is 8.9 percent and the tax rate is 22 percent.
What is the price per share of the company's stock? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
In: Finance
You have looked at the current financial statements for Reigle
Homes, Co. The company has an EBIT of $2,990,000 this year.
Depreciation, the increase in net working capital, and capital
spending were $232,000, $97,000, and $450,000, respectively. You
expect that over the next five years, EBIT will grow at 16 percent
per year, depreciation and capital spending will grow at 21 per
year, and NWC will grow at 11 per year. The company currently has
$16,500,000 in debt and 335,000 shares outstanding. After Year 5,
the adjusted cash flow from assets is expected to grow at 3 percent
indefinitely. The company’s WACC is 9.1 percent and the tax rate is
40 percent.
What is the price per share of the company's stock? (Do not
round intermediate calculations and round your answer to 2 decimal
places, e.g., 32.16.)
Share price
In: Finance
Use the following items to determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows.
| Rent for the month | $ | 1,450 | Monthly take-home salary | $ | 2,985 |
| Spending for food | $ | 745 | Cash in checking account | $ | 610 |
| Savings account balance | $ | 2,050 | Balance of educational loan | $ | 3,120 |
| Current value of automobile | $ | 9,500 | Telephone bill paid for month | $ | 145 |
| Credit card balance | $ | 315 | Loan payment | $ | 240 |
| Auto insurance | $ | 390 | Household possessions | $ | 5,000 |
| Video equipment | $ | 2,750 | Payment for electricity | $ | 170 |
| Lunches/parking at work | $ | 260 | Donations | $ | 320 |
| Personal computer | $ | 2,000 | Value of stock investment | $ | 1,260 |
| Clothing purchase | $ | 190 | Restaurant spending | $ | 210 |
|
In: Finance
OVERHEAD APPLICATION, FIXED AND VARIABLE OVERHEAD VARIANCES
Tules Company is planning to produce 2,400,000 power drills for the coming year. The company uses direct labour hours to assign overhead to products. Each drill requires 0.5 standard hour of labour for completion. The total budgeted overhead was $2,700,000. The total fixed overhead budgeted for the coming year is $1,320,000. Predetermined overhead rates are calculated using expected production, measured in direct labour hours. Actual results for the year are:
Actual production (units) 2,360,000
Actual direct labour hours 1,190,000
Actual variable overhead $1,410,000
Actual fixed overhead $1,260,000
Required:
1. Compute the applied fixed overhead.
2. Compute the fixed overhead spending and efficiency variances.
3. Compute the applied variable overhead.
4. Compute the variable overhead spending and volume variances.
In: Accounting
Consider two economies. In economy A: autonomous consumption equals 700, the marginal propensity to consume equals 0.80, taxes are fixed at 50, investment is 100, government spending is 100, and net exports are 40.
In economy B: autonomous consumption equals 1000, the marginal propensity to consume equals 0.8, taxes are proportional to income such that consumers pay 25% of their income as taxes, investment is 250, government purchases are 150, and net exports are 400.
Question 1: What is the planned aggregate expenditure (PAE) in each economy?
Question 2:What is the short-run equilibrium output in each economy?
Question 3: In which economy is the spending multiplier higher?
Question 4:Suppose autonomous consumption fall by 500 in each economy. Which economy will see a higher drop in GDP? Compute the equilibrium output in each economy.
In: Economics
You have looked at the current financial statements for Reigle Homes, Co. The company has an EBIT of $2,890,000 this year. Depreciation, the increase in net working capital, and capital spending are expected to be $227,000, $92,000, and $425,000, respectively. You expect that over the next five years, EBIT will grow at 18 percent per year, depreciation and capital spending will grow at 23 percent per year, and NWC will grow at 13 percent per year. The company currently has $15.5 million in debt and 415,000 shares outstanding. After Year 5, the adjusted cash flow from assets is expected to grow at 3.5 percent indefinitely. The company’s WACC is 8.9 percent and the tax rate is 23 percent. What is the price per share of the company's stock? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
In: Finance