A New York City daily newspaper called “Manhattan Today” charges an annual subscription fee of $216. Customers prepay their subscriptions and receive 260 issues over the year. To attract more subscribers, the company offered new subscribers the ability to pay $210 for an annual subscription that also would include a coupon to receive a 40% discount on a one-hour ride through Central Park in a horse-drawn carriage. The list price of a carriage ride is $200 per hour. The company estimates that approximately 30% of the coupons will be redeemed. Required: 1. How much revenue should Manhattan Today recognize upon receipt of the $210 subscription price? 2. How many performance obligations exist in this contract? 3. Prepare the journal entry to recognize sale of 15 new subscriptions, clearly identifying the revenue or deferred revenue associated with each performance obligation.

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 $500  each month for the three-month season. The team pays the players and manager a total of $2500 each month. The team charges $10 for each ticket, and the average customer spends $7 at the concession stand. Attendance averages 100 people at each home game.

Part 1. 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   In order to break even, the team needs to sell   tickets for each game. Round to the nearest whole number.

The UDairy ice cream truck plans to sell ice cream at an upcoming alumni event in Central Park (NYC). From past events, demand for ice cream is highly weather dependent. On rainy days, demand is normally distributed with a mean of 120 scoops and standard deviation of 35 scoops. On non-rainy days, demand is normally distributed with a mean of 200 scoops and standard deviation of 60 scoops. The ice cream truck will be loaded two days before the event and travel to NYC. If the UDairy truck plans to bring enough ice cream to maintain a 90% service level for a rainy day, but the day surprisingly turns out to be non-rainy, what is the probability of the ice cream truck stocking out? For simplicity, assume the number of scoops demanded is a continuous variable. Enter probability as a three-digit decimal (e.g. 0.500, 0.275, 0.942).

47.         (BONUS) Suppose that Disney wants to follow up on the success of Frozen, with a sequeal this fall. The movie will cost $165 million to produce (INVESTED TODAY), and the producers expect the movie to generate a cash flow of $160 million in the first year. After the first year, cash flows will decline to $15 million in year 2.

However, the movie will also create synergy within the company.

Disney will build a new Olaf ride at Epcot for $40 million (invested TODAY). Disney suspects that the ride will bring visitors to the park and increase merchandise sales. Disney estimates that sales will increase by $12 million per year in PERPETUITY. The after-tax operating margin on these sales is 50% for Disney. If the cost of capital is 10%, what is the combined NPV of this opportunity?

Bill owns a building and wants to insure it for $5 million. He places $3.5 million with company A, $1.2 million with company B, and $0.3 million with company C. How much does he receive from each company if a $1.8 million loss occurs and there is a pro-rata liability provision in place? How much does he receive from each company if a $1.8 million loss occurs and there is a contribution by equal shares provision in place? show the work for any calculation

Explain why ACV is determined by replacement cost minus depreciation for property. How does this relate to the principle of indemnity? How does this relate to the principle of subrogation?

Consider a set of risky assets that has the following expected return and standard deviation:

If your utility function is as described in the book/lecture with a coefficient of risk aversion of 4.0  , then what is the second-lowest utility you can obtain from an investment in one (and only one) of these assets? Please calculate utility using returns expressed in decimal form (e.g., use .12, not 12 for the expected return of Asset 1). Please enter your answer rounded to the third decimal place

A project with a 3-year life has the following probability distributions for possible end of year cash flows in each of the next three years: Year 1 Prob then Cash Flow 0.30 $300 0.4 $500 0.3 $700. Year 2 0.15 $100 0.35 $200 0.35 $600 0.15 $900. Year 3 0.25 $200 0.75 $800. Using an interest rate of 8 percent, find the expected present value of these uncertain cash flows. (Hint: Find the expected cash flow in each year, then evaluate those cash flows.) a. $1,204.95 b. $835.42 c. $1,519.21 d. $1,580.00 e. $1,347.61

The average GPA at the University of North Carolina is 3.2, with a standard deviation of 0.3. Assume that all GPAs at the University of North Carolina are normally distributed.

What is the probability of randomly selecting a student at the University of North Carolina with a GPA of 2.9 or lower? Possible answers: A. 0.10 B. 0.16 C. 0.24 D. 0.31

What is the probability of randomly selecting a student at the University of North Carolina with a GPA between 2.9 and 3.5? Possible answers: A. 0.34 B. 0.68 C. 0.75 D. 0.95

What is the probability of randomly selecting a student at the University of North Carolina with a GPA higher than 3.7? Possible answers: A. 0.023 B. 0.048 C. 0.058 D. 0.977

The pole vault landing pad at an Olympic competition contains what is essentially a bag of air that compresses from its "resting" height of 1.4 m down to 0.3 m as the vaulter is slowed to a stop. (a) What is the time interval during which a vaulter who has just cleared a height of 7.0 m slows to a stop?
(b)What is the time interval if instead the vaulter is brought to rest by a 19.2-cm layer of sawdust that compresses to 5.1 cm when he lands?
(c) Qualitatively discuss the difference in average force the vaulter experiences from the two different landing pads. That is, which landing pad would exert the least force on the vaulter and why?

Number 5 (8 pts) An analysis of variance on the mean number of hours that Glendon students sleep the night after consuming either one of two different brands of energy drinks or an herbal tea at lunch indicates that the means are not all the same. Further data is gathered, with the following results

Use a contrast to test at a 5% level of significance whether the energy drinks lead to a lower number of mean hours of sleep than the herbal tea.