Picture Maker is a free-standing photo kiosk consumers use to download their digital photos and make prints. Shashi Sharma has a small business that leases several Picture Makers from the manufacturer for $120 per month per kiosk, and she places them in high-traffic retail locations. Customers pay $0.18 per print. (The kiosk only makes six- by eight-inch prints.) Sharma has one kiosk located in the Sanchez Drug Store, for which Sharma pays Sanchez $80 per month rent. Sharma checks each of her kiosks every few days, refilling the photographic paper and chemicals, and collects the money. Sharma hires a service company that cleans the machine, replaces any worn or defective parts, and resets the kiosk's settings to ensure the kiosk continues to provide high-quality prints. This maintenance is performed monthly and is independent of the number of prints made during the month. The average cost of the service runs about $90 per month, but it can vary depending on the extent of repairs and parts required to maintain the equipment.

Paper and chemicals are variable costs, and maintenance, equipment lease, and store rent are fixed costs. If the kiosk is malfunctioning and the print quality deteriorates, Sanchez refunds the customer's money and then gets his money back from Sharma when she comes by to check the paper and chemical supplies. These occasional refunds cause her variable costs per print for paper and chemicals to vary over time.

The following table reports the results from operating the kiosk at the Sanchez Drug Store last month. Budget variances are computed as the difference between actual and budgeted amounts. An unfavorable variance (U) exists when actual revenues fall short of budget or when actual expenses exceed the budget. Last month, the kiosk had a net loss of $23, which was $87 more than budgeted.

Required:

1. Prepare a schedule that shows the budget Sharma used in calculating the variances in the preceding report.

Finance - CFIN 6th Edition Chapter 14, Problem 12 Solution

I am not able to come up with the same solution posted in the Chegg Study Textbook solution for this question beginning with step 4 of 7. The issue has to do with computing the EAR. I followed the textbook solution, but the response does not make sense for the EAR. Please help.

Chapter 14 Problem 12

Montana Allied Products (MAP) must borrow $1.7 million to finance its working capital requirements. The bank has offered a 45-day simple interest loan with a quoted interest rate of 8 percent. Calculate the loan’s APR and assuming there is (a) no compensating balance requirement and (b) a 15 percent compensating balance requirement, which MAP must satisfy from the loan proceeds. (c) How much does MAP have to borrow so that it has $1.7 million to pay its bills if the loan requires a 15 percent compensating balance?

The formula and the solution provided does not match up

(1+8/360)^8-1

1. A psychologist is interested in the relationship between intelligence and academic motivation. She recruits eight participants for a study. Each participant completes an intelligence test and a measure of academic motivation. Scores for the eight participants are in the table below. Use intelligence scores to predict motivation scores with regression analysis by hand.

1. Calculate the slope coefficient.

2. Calculate the intercept.

3. Write out the prediction equation and write one sentence interpreting the slope.

4. Calculate the standard error of the estimate.

5. Use the regression equation to predict a motivation score and then calculate its 95% confidence interval when intelligence is 50. Is this an appropriate prediction to make? Briefly explain why or why not.

6. Use the regression equation to predict a motivation score and then calculate its 95% confidence interval when intelligence is 65. Is this an appropriate prediction to make? Briefly explain why or why not.

7. Does the regression model significantly predict motivation scores? (H₀: β = 0; H₁: β ≠ 0, α = .05) Provide the test statistic, appropriate degrees of freedom, and whether p is greater than or less than α. (Note: there are two ways that you can use to test model significance.)

4. (20 pts) GA Industries manufactures handling equipment used in distribution centers. One product, called a Liftmaster, has three components: a frame with strap, a motor and two supports. The most recent order has been for 4000 Liftmasters for next month. The sales and production departments must work together to determine delivery schedules. Although the processes used in the manufacture of the three components vary, there are three areas where the production manager is concerned about the availability of resources. These three areas, their usage by the three components, and their availability are detailed in the table.

A quick look at the amounts available confirms that GA does not have the resources to fill this contract. A subcontractor, who can make an unlimited number of each of the three components, quotes the prices below.

The subcontractor requires that the minimum purchase of frame is 600. Due to their production capacity onstraint, the subcontractor can only supply up to 2500 motors.

Develop a linear programming model that would tell GA how to fill the order for 4000 Liftmasters at the minimum cost.

Using an Aging Schedule to Account for Bad Debts

Sparkle Jewels distributes fine stones. It sells on credit to retail jewelry stores and extends terms that require the stores to pay in 60 days. For accounts that are not overdue, Sparkle has found that there is a 90% probability of collection. For accounts up to one month past due, the likelihood of collection decreases to 75%. If accounts are between one and two months past due, the probability of collection is 60%, and if an account is over two months past due, Sparkle Jewels estimates only a 40% chance of collecting the receivable.

On December 31, 2016, the credit balance in Allowance for Doubtful Accounts is $11,500. The amounts of gross receivables by age on this date are as follows:

Required:

1. Prepare a schedule to estimate the amount of uncollectible accounts at December 31, 2016.

2. On the basis of the schedule in part (1), prepare the journal entry on December 31, 2016, to estimate bad debts. Indicate the effect on financial statement items by selecting "–" for decrease (or negative effect), "+" for increase (or positive effect) and "NE" for No Entry (or no effect) on the financial statement.

3. Show how accounts receivable would be presented on the December 31, 2016, balance sheet.

QUESTION 1

1. Which of the following would probably be a normal distribution with a positive skew? Check all that apply.

   		Housing prices
   		Visits to the dentist in the past year
   		Height
   		Cigarettes smoked per day (in a county where most people don't smoke)

20 points   

QUESTION 2

1. What portion of a standard normal distribution is less than 1.5 standard deviations above the mean? (Express your answer as a number between zero and one, rounded to four decimal places.)

10 points   

QUESTION 3

1. What portion of a standard normal distribution is less than 1.5 standard deviations above the mean andmore than 1.5 standard deviations below the mean? (Express your answer as a number between zero and one, rounded to four decimal places.)

10 points   

QUESTION 4

1. Carla's company makes water heaters. These heaters last an average of 60 months, with a standard deviation of 8 months, before needing to be serviced. Her accountants estimate that the company can afford to replace 10% of all water heaters and still make a tidy profit.

   Rounding to the nearest whole number, how many months should the warranty be?

20 points   

QUESTION 5

1. If the margin of error for a confidence interval is 50 and the sample average is 160, what is the lower bound of the confidence interval?

5 points   

QUESTION 6

1. If the margin of error for a confidence interval is 50 and the sample average is 160, what is the upper bound of the confidence interval?

5 points   

QUESTION 7

1. Suppose you're estimating how much cloth you'll need to make a costume. If the margin of error of your confidence interval is 0.8 yards, what's the range of your confidence interval?

10 points   

QUESTION 8

1. Suppose you want to estimate the sales per customer for the next holiday season. Based on past seasons, the population standard deviation is $60. Based on a survey sample of 36 people, you estimate this season each customer will spend an average of $900. At 95% confidence, what is the margin of error? Do not include a dollar sign ($) in your answer.

1.

Suppose that over the last twenty-five years a country's nominal GDP grew to three times its former size. In the meantime, population grew by 40 percent and prices rose by 100 percent. What happened to real GDP per person?

a. It more than doubled.

b. It increased, but it less than doubled.

c. it was unchanged.

d. It decreased.

the answer is b

2.

Suppose an increase in the price of rubber coincides with an advance in the technology of tire production. As a result of these two events, the demand for tires

a. decreases, and the supply of tires increases.

b. is unaffected, and the supply of tires decreases.

c. is unaffected, and the supply of tires increases.

d. None of the above is necessarily correct.

the answer is D

3.

Suppose that there are diminishing returns to capital. Suppose also that two countries are the same except one has less capital and so less real GDP per person. Suppose that both increase their saving rate from 3 percent to 4 percent. In the long run

a. both countries will have permanently higher growth rates of real GDP per person, and the growth

rate will be higher in the country with more capital.

b. both countries will have permanently higher growth rates of real GDP per person, and the growth

rate will be higher in the country with less capital.

c. both countries will have higher levels of real GDP per person, and the temporary increase in

growth in the level of real GDP per person will have been greater in the country with more capital.

d. both countries will have higher levels of real GDP per person, and the temporary increase in

growth in the level of real GDP per person will have been greater in the country with less capital.

the answer is D

4.

An economy’s production function has the constant-returns-to-scale property. If the economy’s labor force doubled and all other inputs stayed the same, then real GDP would

a. stay the same.

b. increase by exactly 50 percent.

c. increase by exactly 100 percent.

d. increase, but not necessarily by either 50 percent or 100 percent.

the answer is D

I know all the answers to these questions but dont know the process. Could you tell me how to do it please. thanks!

Also, can you tell me the relationship between GDP with population and labor foce and what is real GDP per person.

thanks!!

Male students at SCC last semester. You will use this data throughout the semester on your lab assignments.

Student # Gender Height Shoe Age Hand

1 M 67 10 19 R

2 M 74 12 17 R

3 M 72 11.5 19 R

4 M 69 10 35 R

5 M 66 9 18 R

6 M 71 10.5 17 R

7 M 72 10.5 17 R

8 M 66 10 20 R

9 M 67 10 18 R

10 M 71 10.5 24 R

11 M 66 10 21 R

12 M 71 10.5 18 R

13 M 69 10 22 R

14 M 66 9.5 18 L

15 M 76 14 18 R

16 M 69 11 22 R

17 M 68 9 19 R

18 M 70 12 30 R

19 M 67 10 24 R

20 M 70 11 21 R

21 M 70 10 52 R

22 M 63 9 27 R

23 M 69 11 22 R

24 M 72 10 22 R

25 M 76 11.5 20 L

26 M 75 11 17 R

27 M 72 11 50 L

28 M 69 11 20 R

29 M 70 12 20 R

30 M 69 11.5 23 R

31 M 70 11 18 R

32 M 67 10 21 R

33 M 68 11 44 R

34 M 76 13 48 R

35 M 62 8 23 L

36 M 69 9 19 R

37 M 72 10 60 R

38 M 73 11.5 41 R

39 M 70 9.5 39 R

40 M 78 15 24 R

41 M 65 8.5 23 R

42 M 68 9.5 20 R

2. Using the SCC men’s/women’s class sample data at the ?=0.05, is there enough evidence to conclude that there is a significant linear correlation between men’s/women’s height and men’s/women’s shoe size?

a. State the null and alternate hypotheses.

b. Specify the level of significance.

c. State the correlation coefficient. (3 decimal places)

d. State the critical value from Table 11. (Use the value of n that is closest to your sample size.)

e. State whether to “reject the ?0” or “fail to reject the ?0”.

f. Interpret the decision in the context of the original claim.

C++ CODE ONLY

Using the following code.

#include <iostream>
#include <string>
#include <climits>
#include <algorithm>
using namespace std;

// M x N matrix
#define M 5
#define N 5

// Naive recursive function to find the minimum cost to reach
// cell (m, n) from cell (0, 0)
int findMinCost(int cost[M][N], int m, int n)
{
   // base case
   if (n == 0 || m == 0)
       return INT_MAX;

   // if we're at first cell (0, 0)
   if (m == 1 && n == 1)
       return cost[0][0];

   // include cost of the current cell in path and recur to find minimum
   // of the path from adjacent left cell and adjacent top cell.
   return min (findMinCost(cost, m - 1, n), findMinCost(cost, m, n - 1))
               + cost[m - 1][n - 1];
}

int main()
{
   int cost[M][N] =
   {
       { 4, 7, 8, 6, 4 },
       { 6, 7, 3, 9, 2 },
       { 3, 8, 1, 2, 4 },
       { 7, 1, 7, 3, 7 },
       { 2, 9, 8, 9, 3 }
   };

   cout << "The minimum cost is " << findMinCost(cost, M, N);

   return 0;
}

Answer the following questions:

Given a M x N matrix where each cell has a cost associated with it, find the minimum cost to reach last cell (0,0) of the matrix from its first cell (M,N). We can only move one unit right or one unit down from any cell. i.e. from cell (I,j), we can move to (i, j-1) or (i-1,j).

1. Suppose that are also allowed to move diagonally to lower-right cell as well as downward and right. Find the minimum cost using pure recursion. (30 points)

Example output:

Minimum cost is 34.