If Net Investment = 0 in a given year, this indicates that we have neither lost nor gained capital. That seems to be a desirable outcome. Do you agree?

Nominal GDP rose by more than $1 trillion between 2015 and 2016. We can therefore be sure that the economy expanded. Critically evaluate.

You are set to receive an annual payment of $11,000 per year for the next 16 years. Assume the interest rate is 5.9 percent. How much more are the payments worth if they are received at the beginning of the year rather than the end of the year?

Louis files as a single taxpayer. In April of this year he received a $1,260 refund of state income taxes that he paid last year. How much of the refund, if any, must Louis include in gross income under the following independent scenarios? Assume the standard deduction last year was $6,350. (Leave no answer blank. Enter zero if applicable.)

a. Last year Louis claimed itemized deductions of $6,466. Louis’s itemized deductions included state income taxes paid of $2,140.
Refund to be included:

b. Last year Louis had itemized deductions of $4,220 and he chose to claim the standard deduction. Louis’s itemized deductions included state income taxes paid of $2,140.

Refund to be included:

c. Last year Louis claimed itemized deductions of $8,230. Louis’s itemized deductions included state income taxes paid of $3,830.

Refund to be included:

Foto Company makes 14,000 units per year of a part it uses in the products it manufactures. The unit product cost of this part is computed as follows:

An outside supplier has offered to sell the company all of these parts it needs for $42.70 a unit. If the company accepts this offer, the facilities now being used to make the part could be used to make more units of a product that is in high demand. The additional contribution margin on this other product would be $32,200 per year.

If the part were purchased from the outside supplier, all of the direct labor cost of the part would be avoided. However, $6.00 of the fixed manufacturing overhead cost being applied to the part would continue even if the part were purchased from the outside supplier. This fixed manufacturing overhead cost would be applied to the company's remaining products.

Required:

a. How much of the unit product cost of $49.50 is relevant in the decision of whether to make or buy the part? (Round "Per Unit" to 2 decimal places.)

b. What is the financial advantage (disadvantage) of purchasing the part rather than making it?

Consider a country with 500 adult population in 2018. Suppose in the year 2018, the labor force

participation rate is unknown but the employment rate is 60%. Suppose further that in the year 2019,

the labor force participation is 75%, and the employment rate is 80%. If the labor force participation

rate increased from 2018 to 2019 and the total number of people unemployed remained the same, what

must be true of the total adult population size in 2019?

(a) The total adult population size is more than 1000 in 2019.

(b) The total adult population size is less than 1000 in 2019.

(c) The total adult population size increased.

(d) The total adult population size decreased.

Pearl Corp. is expected to have an EBIT of $3,500,000 next year. Depreciation, the increase in net working capital, and capital spending are expected to be $160,000, $160,000, and $200,000, respectively. All are expected to grow at 19 percent per year for four years. The company currently has $18,000,000 in debt and 1,600,000 shares outstanding. After Year 5, the adjusted cash flow from assets is expected to grow at 3 percent indefinitely. The company’s WACC is 9.2 percent and the tax rate is 22 percent. What is the price per share of the company's stock?

A total of 150 crimes were reported by the sheriff last year. Of the 150 crimes, 39 were committed by criminals under 20 years of age, 36 were committed by criminals over 40 and 82 were violent crimes. There were 27 violent crimes under the age of 20 and 14 violent criminals over the age of 40.

What is the probability that at least one out of four crimes is nonviolent? Please show work so I can understand how to get the answer

Last year, 45% of business owners gave a holiday gift to their employees. A survey of business owners conducted this year indicates that 35% plan to provide a holiday gift to their employees. Suppose the survey results are based on a sample of 80 business owners.

(A) How many business owners in the survey plan to provide a holiday gift to their employees this year?

(B) Suppose the business owners in the sample did as they plan. Compute the p-value for a hypothesis test that can be used to determine if the proportion of business owners providing holiday gifts has decreased from last year.

Find the value of the test statistic. (Round your answer to two decimal places.)

Find the p-value. (Round your answer to four decimal places.)

p-value =

(C) Using a 0.05 level of significance, would you conclude that the proportion of business owners providing gifts decreased?

Reject H₀. There is sufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year.

Do not reject H₀. There is sufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year.

Reject H₀. There is insufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year.

Do not reject H₀. There is insufficient evidence to conclude that the proportion of business owners providing holiday gifts has decreased from last year.

(E) What is the smallest level of significance for which you could draw such a conclusion? (Round your answer to four decimal places.)

Karsted Air Services is now in the final year of a project. The equipment originally cost $26 million, of which 80% has been depreciated. Karsted can sell the used equipment today for $6.5 million, and its tax rate is 30%. What is the equipment's after-tax salvage value? Write out your answer completely. For example, 13 million should be entered as 13,000,000. Round your answer to the nearest dollar.