Consider a project with an initial outlay of $1,000 and yearly cash flows as follows: -300, -100, 200, 300, 300, 100, 100, 200, 600, 400, and 100. Calculate the classical payback period assuming 10% cost of funds. Round your final answer to two decimal places.

(please use excel step-by-step showing formulas) (NEED ANSWER ASAP)

Hillary King, Rodney Price, and Megan Dukes work for a family physician, Dr. Gail Cook, who is in private practice. Dr. Cook is knowledgeable about office management practices and has segregated the cash receipt duties as follows. King opens the mail and prepares a triplicate list of money received. She sends one copy of the list to Price, the cashier, who deposits the receipts daily in the bank. Dukes, the recordkeeper, receives a copy of the list and posts payments to patients' accounts. About once a month the office clerks have an expensive lunch they pay for as follows. First, Price endorses a patient's check-in Dr. Cook's name and cashes it at the bank. King then destroys the remittance advice accompanying the check. Finally, Dukes posts payment to the customer's account as a miscellaneous credit. The three justify their actions by their relatively low pay and knowledge that Dr. Cook will likely never miss the money.

Required:

1. Who is the best person in Dr. Cook's office to reconcile the bank statement and why is this the best person?
2. Would a bank reconciliation uncover this office fraud?
3. What are some procedures to detect this type of fraud?
4. Suggest additional internal controls that Dr. Cook could implement.

5. Consider two consumers, Jonathan and Caitlin, and Bob.   As on the first exam, each consumer likes to drink martinis.   Each consumer has very specific preferences, as stated below.

• Jonathan likes his martinis with 2 parts gin to 1 part vermouth and likes no other combination.
• Caitlin doesn’t care whether she has gin or vermouth; she just likes something to drink.  But gin is twice as potent as vermouth (has twice as much alcohol), so she is always willing to substitute 1 gin for 2 vermouth.

Assume that each consumer has a weekly budget of $30, the price of gin is $1 and the price of vermouth is $1.  

1. On the graphs below, draw a representative set of indifference curves for each consumer.  Indicate the current utility-maximizing point for each consumer, and label everything carefully, including slopes.  (30)

Put gin on the horizontal axis.

b. Now suppose that the price of gin increases to $2.  Carefully explain (with use of graphs AND WORDS) the income and substitution effects for each consumer.  (25)  (You should have income and substitution effects shown on the graphs above, and then you should explain them below.)

For Jonathan:

For Caitlin:

Internet Case 12.7 – Analyzing Stockholders’ Equity and EPS

(MUST POST FIRST) Initial Post – As an employee, write an internal memo to your manager addressing the following:

Using the Internet, locate the most recent annual report of a company of your choosing and write an initial post by responding to the following:

Do not research the company listed in the text.

For the most recent day indicated, what were the highest and lowest prices at which the company’s common stock sold?

Find the company’s balance sheet and determine the following: the number of outstanding shares of common stock and the average price at which those shares were originally sold.

What is the relationship between the current market price and the amount you have calculated in part b as the average price at which the stock originally sold?

Find the company’s income statement and identify the trend in basic earnings per share, including discontinued operations. Did discontinued operations have a significant impact on EPS?

For the most recent year, what is the average number of shares of common stock that was used to compute basic earnings per share? Why is that number different from the number outstanding in the company’s balance sheet?

Please, no handwritten answers/photo answers. Thank you.

Antonio buys five new college textbooks during his first year at school at a cost of

​$8080

each. Used books cost only

​$5050

each. When the bookstore announces that there will be a

5050

percent increase in the price of new books and a

100100

percent increase in the price of used​ books, Antonio's father offers him​ $200 extra.

What happens to​ Antonio's budget​ line?

​1.) Using the line drawing​ tool, graph​ Antonio's original budget line. Label this line

Upper L 1L1.

​2.) Using the line drawing​ tool,

then

graph​ Antonio's new budget line. Label this line

Upper L 2L2.

Carefully follow the instructions​ above, and only draw the required objects.

Is Antonio worse or better off after the price​ change? Explain.

Antonio will be

equally well off

if he continues to spend all of his income on new books. At the same​ time, he would be

worse off

if he were to spend a portion of his money on used books.01234567891011120123456789101112                                                  Used Books                                                           New Books

Upper L 2L2

Upper L 1L1

interactive graph

Question is complete. Tap on the red indicators to see incorrect answers.

One of the uses of economic models is to predict what will happen in different situations. The AS/AD model can be used to predict what will happen to Real GDP and the Price Level (inflation) given a scenario.

Provide a short description of a Zombie Apocalypse scenario.

1. Describe how it will affect one of the major economic variables (consumption, investment, government expenditures, imports and exports, capital, profits, labor force, banking, money...)

2. Will the effect primarily change AS or AD? Why and How?

3. What would be the expected effect on Real GDP and the Price Level?

4. You may do this for 2 different economic variables or scenarios.

Caution: The biggest problem students have with this assignment is trying to analyze too many things at once. For any given scenario there are probably a dozen or so things that will change. If you try to analyze all of them at once you will get nowhere. Pick one economic variable and describe how it changes. Then follow through with how this will change AS or AD, and hence Real GDP and the Price Level.

Once you are done with the first variable, pick a second variable or scenario, and work it through. In some cases, different economic variables will have opposite effects. This is common in AS/AD analysis.

1. Rosenberg Manufacturing Corp. is considering marketing their new hearing aid in the city of “Big Smoke”. The primary target market for this device is the hearing impaired over the age of 60 years. As she considers the possibility, the VP/Marketing reviews the following data for FY 2018:

Retail price                                                   : $659                                   

            Retail margin                                                            : 42.5%

            Wholesale margin                                       : 27.5%

            R & D on hearing aid, FY’s 2015, 2016 : $229,000

            Introductory promotional outlays, FY2018: $219,000

            Rosenberg’s fixed manufacturing costs   : $250,000 per year (FY 2018)

            Variable manufacturing costs/unit                        : $109

            Retailer’s salesperson’s commission      : 2% of retailer’s selling price

            Rosenberg’s sales commission               : 5% of manufacturer’s selling price

            Population of Big Smoke”                          : 2,350,000

            Proportion of population over 60 years   : 22.5%

What is Rosenberg’s (show your logic)

unit contribution?     (4)

contribution margin?           (4)

How many units must Rosenberg sell in the first year to break even? Carefully explain, including any assumptions that you make.     (6)

If 20% of the “over 60” population is hearing impaired, what is Rosenberg’s break even market share in 2018? (Identify and explain any assumption(s) that are necessary).          (6)

1.Assume you collected a quarterly sales data (in millions of dollars) over a four-year period from the first quarter 2016 to the fourth quarter 2019, and computed the seasonal index for each quarter. If the values of the actual sales and deseasonalised sales were 162 and 158.68, respectively, in the second quarter of 2016, what is the (normalised) seasonal index for the second quarter? Round your answer to two decimal places.

2.

Assume you collected data representing the number of full-time employed males ('000) without access to paid leave entitlements in Australia from 1992 to 2007, and fitted a third-order autoregressive model. What number of degrees of freedom do you use if you test the appropriateness of the fitted model.

3.

The following are prices and consumption quantities for three commodities in 2009 and 2019:

Based on the above information, calculate the Laspeyres aggregate price index for 2019 using 2009 as the base year. Round your final answer to two decimal places.