Questions
Jane’s utility function is U(x, y) = x + 2y, where x is her consumption of...

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.

  1. The bundle ( 1 4, 3 4 ) is Jane’ s utility maximizing choice, given her budget.

  2. The bundle (1, 1 2 ) is Jane’ s utility maximizing choice, given her budget.

  3. Given her budget, Jane would maximize her utility by spending all of her income on

    good X.

  4. Given her budget, Jane would maximize her utility by spending all of her income on

    good Y.

  5. None of the above.

In: Economics

Creating measurable, attainable, positive and specific (MAPS) goals.After reading each of the following general goals, write...

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...

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...

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...

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...

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,...

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
a. Total assets
b. Total liabilities
c. Net worth
d. Total cash inflows
e. Total cash outflows

In: Finance

OVERHEAD APPLICATION, FIXED AND VARIABLE OVERHEAD VARIANCES Tules Company is planning to produce 2,400,000 power drills...

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,...

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...

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