In the town of Hooterville, all the downtown stores are identical and all the people who shop downtown are identical. The town can earn revenue in three ways: • It can charge each store a montly license fee. • It can charge an excise tax on the store’s merchandise. • It can charge shoppers to park on the streets (the only way to get downtown is to drive, so every shopper pays the parking fee). The town’s goal is to maximize its total revenue from all three sources. a) How big should the excise tax be? b) Suppose a court ruling requires the town to provide free parking. Now how big should the excise tax be? If necessary, you can answer in terms of labeled portions of graphs. If you do this, please be sure to say why these portions of your graph are relevant to the problem.

You are looking into a factory to make strained peas. You estimate that the equipment will cost $50,000, which you would depreciate over the 10-year life of the project to a book value of zero. The salvage value of the equipment is zero. You think you can sell 15,000 cans at $2/can. The cost of producing the cans is $0.80 each. Your tax rate will be 40%. You plan to maintain an inventory equal to 25% of revenues and you can salvage 80% of this working capital at the end of the project’s life. You plan to use your garage, which means you will have to pay $2,000/year to park your car elsewhere (the good news is that the $2,000/year is tax-deductible). To estimate the cost of capital for the project you look at the following comparable firms:

r* = 0.17

What is the NPV?

a) A county clerk wants to estimate the proportion of voters who will need special election facilities. Suppose a sample of 400 voters was taken. If 150 need special election facilities, what is the upper confidence limit (UCL) for the 90% confidence interval for the population proportion of voters who will need special election facilities. Round your answer to 3 decimal places.

b) A hotel chain wants to estimate the mean number of rooms rented daily in a given month. The population of rooms rented daily is assumed to be normally distributed for each month with a standard deviation of 240 rooms. During February, a sample of 25 days has a sample mean of 370 rooms.

What is the upper confidence limit (UCL) of the 99% confidence interval for the mean number of rooms rented daily in a given month? Round your answer to the nearest whole number.

A semiprofessional baseball team near your town plays two home games each month at the local baseball park. The team splits the concessions 50/50 with the city but keeps all the revenue from ticket sales. The city charges the team $100  each month for the three-month season. The team pays the players and manager a total of $1000 each month. The team charges $10 for each ticket, and the average customer spends $8 at the concession stand. Attendance averages 30 people at each home game.

1st attempt

Part 1   (4 points)

The team earns an average of   $   in revenue for each game and   $   of revenue each season.

With total costs of   $   each season, the team finishes the season with   $   of profit.

Part 2   (1 point)

In order to break even, the team needs to sell      tickets for each game. Round to the nearest whole number.

Azzalini and Bowman (1990) analyzed the data of the waiting time (in minutes) of consecutive eruptions of the Old Faithful geyser in Yellowstone National Park. They found that the waiting times can be categorized into two groups in historical data.

-In group 1, waiting time is normally distributed with mean 54 minutes and standard deviation of 2.95.

-In group 2, the waiting time is normally distributed with mean 80 minutes and standard deviation of 7.5.

Suppose that there is a 30% chance that the waiting time is from group 1. They want to simulate the waiting time.

a) Use Excel functions only to simulate the waiting time. Your simulations should contain 500 iterations. you need only to return in one page showing your model and one page displaying the formulas in your model.

b) what is the average waiting time in your simulation?

The data below shows the duration of eruption (in seconds) of a geyser in a national park and the height (in feet) of the eruptions for a typical day. Use Excel to find the best fit linear regression equation, where duration of eruption is the explanatory variable. Round the slope and intercept to one decimal place.

Duration   Height
240   140
237   154
122   140
267   140
113   160
258   140
232   150
105   150
186   160
248   155
243   125
241   136
214   140
114   155
272   130
227   125
237   125
238   139
203   125
270   140
218   140
226   135
250   141
245   140
120   139
267   110
103   140
270   135
241   140
239   135

Provide your answer below:

y = _x + _

QUESTIONS: Look at the photos below and listen to the song, "Kenji," featured on the album, The Rising Tied, by Fort Minor, a side project of Linkin Park band member, Mike Shinoda, a Japanese American whose father's family was interned at a relocation camp during World War II. Read the lyrics to "Kenji" while listening to the song, which includes samples of interviews Shinoda conducted with his father and aunt. In an interview with the Metro Silicon Valley, Shinoda said that he played the song for his family before he made it public, noting that his “…uncle, who is a very stoic Japanese guy, cried when he heard the song” (“Summer of ’42”). How do the lyrics of the song convey the negative effects of internment on the psyche of Japanese Americans? Do you think the internment of Japanese Americans during World War II was justified? Why or why not?

Please complete just Form 1040 (you do not need to fill out a Schedule C or Schedule D, but you can use them to calculate numbers to enter into Form 1040) for a client with the following tax situation:

Paul Gigornovich

Address: 123 HillCrest Lane, San Diego, CA 92101

Wage income: $45,000/00

W2 Federal Tax Withholdings: $4,000.00

Net Long Term Stock Sales Gain: $8,000.00

Net Short Term Sock Sale Loss: -$12,000.00

Sole Proprietorship Business

Gross Income: $80,000.00

Expenses:

Interest: $8,000.00

Meals: $400.00

Continuing Education 1 day Program where he had to fly to a different state:

$900 Airfare

$600 Hotel ($300 per night)

$250 Meals (over and above the other $400.00 in meals) ($125 per day)

$350 Opera Tickets