Suppose Malaysia's production possibilities include a maximum of 70 units of rice or 280 units of lumber, and Canada's production possibilities include a maximum of 140 units of rice or 140 units of lumber. Then suppose each country initially allocates 50% of its labor to producing each product. a) Total production by the two countries equals 105 105 Correct tons of rice and 210 210 Correct ft3 of lumber. b) Now suppose that Malaysia increases the labor it allocates to lumber by 10%. Its lumber production rises by 28 28 Correct and its rice production falls by 7 7 Correct . c) If Canada reallocates its labor to increase its rice production by exactly the amount that Malaysia's rice production fell, by how much must its lumber production fall? 5 5 Incorrect ft3 d) State the combined effects on total production of the reallocations in part b and c. Total production of rice changes by 105 105 Incorrect tons. (include a negative sign, if needed) Total production of lumber changes by 231 231 Incorrect ft3. (include a negative sign, if needed)
In: Economics
Present and Future Values of Single Cash Flows for Different Periods Find the following values, using the equations, and then work the problems using a financial calculator to check your answers. Disregard rounding differences. (Hint: If you are using a financial calculator, you can enter the known values and then press the appropriate key to find the unknown variable. Then, without clearing the TVM register, you can "override" the variable that changes by simply entering a new value for it and then pressing the key for the unknown variable to obtain the second answer. This procedure can be used in parts b and d, and in many other situations, to see how changes in input variables affect the output variable.) An initial $300 compounded for 1 year at 4%. Round your answers to the nearest cent. $ 678.51 An initial $300 compounded for 2 years at 4%. Round your answers to the nearest cent. $ 912.46 The present value of $300 due in 1 year at a discount rate of 4%. Round your answers to the nearest cent. $ 368.45 The present value of $300 due in 2 years at a discount rate of 4%. Round your answers to the nearest cent. $ 273.98
In: Finance
The shape of the distribution of the time required to get an oil change at a 15-minute oil-change facility is unknown. However, records indicate that the mean time is 16.8 minutes, and the standard deviation is 4.3 minutes. Complete parts (a) through (c) below.
To compute probabilities regarding the sample mean using the normal model, what size sample would be required? Choose the required sample size below.
A. Any sample size could be used.
B. The normal model cannot be used if the shape of the distribution is unknown.
C. The sample size needs to be greater than 30.
D. The sample size needs to be less than 30.
(b) What is the probability that a random sample of n=35 oil changes results in a sample mean time less than 15 minutes?
(c) Suppose the manager agrees to pay each employee a $50 bonus if they meet a certain goal. On a typical Saturday, the oil-change facility will perform
35 oil changes between 10 A.M. and 12 P.M. Treating this as a random sample, at what mean oil-change time would there be a 10% chance of being at or below? This will be the goal established by the manager.
In: Statistics and Probability
In: Accounting
The patient has changed his eating habits over the past 6 months. He started to control the amount of calories he consumed and kept it below 3000 kcal/day. He got a membership at the local gym, but due to his busy schedule he wasn’t been able to spend time working out “maybe goes once a week”. Four weeks ago he started a “fad diet” to help him lose more weight. He is 26 years old now, his blood pressure is 125/76, he weighs 200lb, he is 5'9" and his waist circumference is 40in. He recorded what he ate during the last 2 weeks and these are the results: 2700 kcal/day (total daily intake), 1000 kcal from lipids, 1200 kcal from protein and 500 kcal from carbohydrates.
List one positive thing about his current diet and explain how you came to that conclusion.
Do you think there have been changes in the way he metabolizes lipids since he started the diet? What kind of changes? Explain.
In: Nursing
In: Nursing
To produce a cash flow income statement, the direct method calculates operating cash flows by:
a.adjusting net income for noncash items.
b.adjusting each line of the income statement.
c.adjusting the income statement for changes only in current liabilities.
d.adjusting net income for changes in all the current assets.
Which of the following is an example of a cash equivalent?
a.A patent
b.A long-term investment
c.A money market fund
d.A prepaid expense
Following is the financial information of Merry Company for the
year ended December 31, 20X1. Compute net cash from financing
activities.
| Net Income for the year | $198,000 |
| Payment of dividends | 48,000 |
| Issuance of share capital | 98,000 |
| Purchase of equipment | 150,000 |
a.$150,000
b.$98,000
c.$52,000
d.$198,000
Consider the following information for Rhombus
Company:
| Cash receipts from customers | $448,000 |
| Cash paid to suppliers | 228,000 |
| Cash paid to employees | 113,000 |
| Gain on sale of equipment | 51,000 |
| Depreciation for the year | 20,000 |
| Income tax paid | 80,000 |
Calculate cash from operating activities using the direct
method.
a.$78,000
b.$36,000
c.$56,000
d.$27,000
In: Accounting
On January 1, Year One, Landon Corporation decides to lease a truck for $20,000 per year for three years. The annual incremental borrowing rate for Landon is 10 percent. The truck has a life of five years. Landon cannot buy or obtain title to the truck. The present value of an annuity due of $1 for three years at an annual interest rate of 10 percent is $2.73554. At the last moment, Landon changes the contract to four years instead of three. No other changes are made. The present value of an annuity due of $1 for four years at an annual interest rate of 10 percent is $3.48685.
a. How did the change from three years to four years affect the expense to be reported by Landon
in Year One?
b. How did the change from three years to four years affect the expense to be reported by Landon
in Year Two?
c. After changing the contract to four years, what net book value will be shown for the leased truck
at the end of Year One?
d. After changing the contract to four years, what lease liability balance will be shown at the end of
Year One?
In: Accounting
(a) Ericson Corporation’s total assets are projected to increase by $30 million next year. Ericson is also scheduled to repay $14 million in debt next year. Other than this repayment, no changes in liabilities are currently scheduled. Ericsons’s income is projected to be $4 million, half of which will be paid as a dividend. What is the amount of Ericson’s External Funds Needed (EFN) for next year?
(b) Ericson’s $4 million net income consists of $33 million in revenues, less $25 million in various cash-based costs, and $4 million in depreciation expense. Also, of the $30 million increase in assets, $2 million is attributable to an increase in inventory and receivables. No other changes in working capital are anticipated. What is the amount of Ericson’s operating cash flow?
(c) Evaluate the following statement: In order to maximize shareholder value, it is important that the company always select those investments that provide the highest internal rate of return.
(d) Evaluate the following statement: In order to maximize shareholder value, it is important that the company select projects whose payoffs have low correlations with each other, since this reduces the risk of the company.
In: Accounting
|
Assets |
amount, $ mln |
Liabilities |
amount, $ mln |
|
Cash |
10 |
Deposits |
50 |
|
T-bills |
20 |
CDs |
20 |
|
Loans |
50 |
Equity |
10 |
|
80 |
80 |
Calculate the average maturity of assets and liabilities. (2 points)
In: Finance