(1 point) The amount of paper used in a year per person in America has a normal (bell-shaped)distribution with a mean of 650 pounds and a standard deviation of 150pounds.

a)What percent of Americans use between200 and 1100 pounds of paper per year?

b)What percent of Americans use more than 800 pounds of paper per year?

c)What percent of Americans use more than 350 pounds of paper per year?

Bruin Inc. will have earnings of $15 million next year and is projected to grow at a constant rate of 6 percent forever. All earnings are paid out as dividends to shareholders. The company plans to launch a new project three years from now that will cost $10 million. The project will increase the firm's annual earnings by a constant $8.3 million every year forever starting one year later (i.e. 4 years from now). What is the market value of the company stock? The discount rate is 15.3 percent. Select one: a. $190 million b. $29 million c. $206 million d. $127 million e. $70 million

The real risk-free rate of interest is 1%, inflation is expected to be 1.5% this year, 2% next year, and 3% per year for the next 5 years. The maturity risk premium is a function of time to maturity = 0.2* (1-t) %. The default risk premium on a corporate bond is 0.9%; and liquidity premium is 0.5%.

a. What is the IP over the next 4 years?

b. Find the yield on a 4-year T-bond.

c. Find the yield on a 4-year corporate bond.

We are evaluating a project that costs $648,000, has an eight-year life, and will be worth nothing at the end. Assume that depreciation is straight-line to zero over the life of the project. Sales are projected at 65,000 units per year. Price per unit is $53, variable cost per unit is $37, and fixed costs are $655,000 per year. The tax rate is 35 percent, and we require a return of 10 percent on this project.

a. Calculate the accounting break-even point.

b. Calculate the base-case NPV. What would be the NPV if sales were to decrease by 500 units?

c. What would be the NPV if the variable cost per unit were to decrease by $1?

Franz began business at the start of this year and had the following costs: variable manufacturing cost per unit, $9; fixed manufacturing costs, $60,000; variable selling and administrative costs per unit, $2; and fixed selling and administrative costs, $266,000. The company sells its units for $49 each. Additional data follow.

There were no variances.

The income (loss) under absorption costing is:

None of these.

$38,000.

$36,000.

$35,000.

$(8,500).

The income (loss) under variable costing is:

$35,000.

some other amount.

$(8,500).

$38,000.

$36,000.

A researcher knows that the body weights of 6-year olds in the state is normally distributed with µ = 20.9 kg and σ = 3.2.  She suspects that children in a certain school district are different.  With a sample of n = 16 children, the researcher obtains a sample mean of M = 22.8.  

1. State the Independent and Dependent Variables
2. State the Null Hypothesis in words and symbols.

b State the alternative Hypothesis in words and symbols.

3. Compute the appropriate statistic.
4. What is the decision (Retain or Reject)
5. State the full conclusion in words

Effect

Direction

Size of Effect

Use a two-tailed test and the .05 of significance to determine if the weights for this sample are significantly higher  than what would be expected for the regular population of 6-year- olds.

Presented below are a number of balance sheet items for Bridgeport, Inc., for the current year, 2017.

Prepare a classified balance sheet in good form. Common stock authorized was 400,000 shares, and preferred stock authorized was 20,000 shares. Assume that notes receivable and notes payable are short-term, unless stated otherwise. Cost and fair value of debt investments (trading) are the same. (List Current Assets in the order of liquidity. List Property, Plant and Equipment in order of Land, Building and Equipment.)

Consider a project to supply 100 million postage stamps per year to the USPS for the next five

years. To pursue the project, you will need to install $4.1 million in new manufacturing plant

and equipment. This will be depreciated straight-line to zero over the project’s five years. The

equipment can be sold for $540,000 at the end of the project. You will also need $600,000 in

initial net working capital for the project and an additional investment of $50,000 in every year

thereafter. All net working capital will be recouped at the end of the project. Your production

costs are $.005 per stamp and you have fixed costs of $950,000 per year. If your tax rate is 34%

and your required return is 12%, what bid price should you submit on the contract?

Answer completely and correctly please.

At the beginning of the school year, Craig Kovar 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 cash decrease which should be indicated with a minus sign.

b. What are the budget implications for Craig Kovar?

Craig can see that his present plan will not provide sufficient cash. If Craig did not budget but went ahead with the original plan, he would be $_?_ short  at the end of December, with no time left to adjust.