a)Prepare an amortization schedule for a 10-year loan of $300,000. The interest rate is 12% and the loan calls for equal payments. How much interest is paid in the fifth year? How much interest is paid over the life of the loan?

b)What is the present value of $2,625 per year at a discount rate of 8%, if the first payment is received six years from now and the last payment is received 20 years from now?

The firm is planning to invest up to £65 million next year. The information about the available investment projects is given in the table below.

Assuming the projects are not divisible, use the profitability index(PI) as a criterion to determine the value-maximizing combination of projects. Show the calculations of the profitability indexes in the final column of the table.

There are no results for Drugs of Abuse Mr. V, a 47 year-old man, was recently promoted as a director of a transportation company. A routine inspection of the books shows that a large sum of money is missing. Subsequent investigation finds that Mr. V has been spending more than $20,000 a month to buy cocaine; currently he consumes 2-3 g/d. He also drinks several beers each day and 5-8 shots of vodka in the evening. He spends weekend nights in clubs, where he often consumes 2-3 pills of ecstasy. He began using drugs at age 18; during parties he mostly smoked cannabis (5-6 joints per weekend), but also tried cocaine. This “recreational use” came to an abrupt halt when he married at age 27 and entered a professional training program that allowed him to obtain his current job, now jeopardized by his cocaine use. 1. Is Mr. V addicted, dependent, or both? Explain your reasoning. (5points) 2. What is the reason for the use of several different addictive drugs at the same time? (5points) 3. Exogenous cannabinoids (marijuana) include several pharmacologically active substances, but the main psychoactive alkaloid is called __________________________. (2points) 4. When CB1 receptors are activated by marijuana it produces several effects. List at least 3 of the effects. (3points) 5. Ecstasy is a psychoactive drug primarily used for recreational purposes. Ecstasy increases the activity of three brain chemicals. Describe the three brain chemicals that it increases. (5points)

At the beginning of the 2016 school year, Britney Logan decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan for enough cash on December 31 to pay the spring semester tuition, which is the same as the fall tuition. The following information relates to the budget:

a. Prepare a cash budget for September, October, November, and December. Enter all amounts as positive values except an overall cash decrease which should be indicated with a minus sign.

b. Are the four monthly budgets that are presented prepared as static budgets or flexible budgets?

c. Brittany can see that her present plan   sufficient cash. If Logan did not budget but went ahead with the original plan, she would be $   at the end of December, with no time left to adjust.

Periodic Inventory by Three Methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory 14 units @ $37 Feb. 17 Purchase 10 units @ $38 Jul. 21 Purchase 8 units @ $39 Nov. 23 Purchase 6 units @ $39 There are 19 units of the item in the physical inventory at December 31. The periodic inventory system is used. Round average unit cost to one decimal and final answers to the nearest whole dollar, if required. a. Determine the inventory cost by the first-in, first-out method. $ b. Determine the inventory cost by the last-in, first-out method. $ c. Determine the inventory cost by the weighted average cost method. $

very year, management and labor renegotiate a new employment contract by sending their proposals to an arbitrator, who chooses the best proposal (effectively giving one side or the other $5 million). Each side can choose to hire, or not hire, an expensive labor lawyer (at a cost of $200,000) who is effective at preparing the proposal in the best light. If neither hires a lawyer or if both hire lawyers, each side can expect to win about half the time. If only one side hires a lawyer, it can expect to win nine tenths, or 0.9, of the time. Use the given information to fill in the expected payoff, in dollars, for each cell in the matrix. (Hint: To find the expected payoff, multiply the probability of winning by the dollar amount of the payoff.

Be sure to account for lawyer costs, which are incurred with certainty if a lawyer is hired.) Management (M) No Lawyer Lawyer Labor (L) No Lawyer L: $______ , M: $ _______L: $_____ , M: $_____ Lawyer L: $ ______, M: $__________ L: $______ , M: $________ The Nash equilibrium for this game is for Management to a___________ lawyer, and for Labor to ___________a lawyer

South Hampton University is preparing its budget for the upcoming academic year. This is a specialised private university that charges fees for all degree courses. Currently, 30 000 students are enrolled on campus. However, the university is forecasting a 5 per cent growth in student numbers in the coming year, despite an increase in fees to $3 000 per subject. The following additional information has been gathered from an examination of university records and conversations with university managers:
1. South Hampton is planning to award scholarships to 200 students, which will cover their fees.
2. The average class has 80 students, and the typical student takes 4 subjects per semester. South Hampton operates 2 semesters per year.
3. The average academic staff salary is $120 000 per annum including on-costs.
4. South Hampton’s academic staff are evaluated on the basis of teaching, research, administration and professional/community service. Each of the academic staff teaches the equivalent of three subjects during the academic year.
Required:
a. Prepare a revenue budget for the upcoming academic year.
b. Determine the number of staff needed to cover classes.
c. Assume there is a shortage of full-time academic staff. List at least five actions that South Hampton might take to accommodate the growing student numbers

In December of this year, David and Mary, a married couple, redeemed qualified Series David and Mary received proceeds of $10,000 representing principal of $7,000 and interest of $3,000. The qualified higher educational expenses they paid this year totaled $6,000. Their AGI for 2018 is $125,550. What is the amount of interest income that David and Mary can exclude from their income this year?

A)$1440
B)$1840
C)$2400
D)$3400

A recent 10-year study conducted by a research team at the Medical School was conducted to assess how age, blood pressure, and smoking relate to the risk of strokes. Assume that the following data are from a portion of this study. Risk is interpreted as the probability (times 100) that the patient will have a stroke over the next 10-year period. For the smoking variable, define a dummy variable with 1 indicating a smoker and 0 indicating a nonsmoker.

What action might the physician recommend for this patient?

ABC Corp. has $964,113 cash to invest in the foreign exchange market for a year. The following quotes were obtained from the bank:

Current spot ask rate of the pound is $1.2199/£ and the 360-day forward rate of the pound is $1.169/£. The 1-year period interest rate in the US is 2.42% and the 1-year period interest rate in the UK is 2.34%.

Is there an arbitrage opportunity? If so, calculate the arbitrage profit (in dollars) and write your answer in the answer box. If there is no arbitrage opportunity then write "0.00" in the answer box.