13. During 2020 internationally renowned singer Molly Vanilli is somewhat fed up with singing. A publisher closely related to the music industry offers her to write her memoires from next year onwards and offers her an upfront payment of $1,000,000 now. If she is able to come up with a draft of the first 100 pages in two years time she will receive another payment of $750,000. The book needs to be ready in 4 years. If she succeeds to deliver a publishable manuscript at the end of year 4 she will receive another $2,000,000. In the meantime she cannot give concerts all around the globe which implies an opportunity cost equal to $750,000 per year until and including year 4. Assume a discount rate of 10%. The Net Present Value of this offer comes closest to...
A) $608,000 B) $609,000 C) $610,000 D) $611,000
In: Finance
Ted’s Village has five governmental funds: a General Fund, a Debt Service Fund, and three special revenue fund. IT has no proprietary funds. The following information is available at December 31, 2019 for each of the funds. First, determine which of the funds are major funds. Then, prepare a balanace sheet in the appropriate format, showing the major funds, a total for the nonmajor funds, and a total for all government funds
|
Special Revenue |
|||||
|
General |
Debt Service |
Fund A |
Fund B |
Fund C |
|
|
Cash |
10,000 |
5,000 |
600 |
300 |
700 |
|
Taxes Receivable |
5,000 |
2,000 |
|||
|
Accounts Payable |
6,000 |
200 |
100 |
400 |
|
|
Assigned Fund Balance |
1,000 |
400 |
200 |
300 |
|
|
Restricted Fund Balance |
7,000 |
||||
|
Unassigned fund balance |
8,000 |
||||
|
total revenues |
52,000 |
6,000 |
2,400 |
1,200 |
3,400 |
|
total expenditures |
48,000 |
5,000 |
2,300 |
1,100 |
3,200 |
In: Accounting
A blind taste test is conducted to determine which of two colas, Brand A or Brand B, individuals prefer. Individuals are randomly asked to drink one of the two types of cola first, followed by the other cola, and then asked to disclose the drink they prefer. Results of the taste test indicate that 54 of 100 individuals prefer Brand A. Complete parts a through c. (a) Conduct a hypothesis test (preferably using technology) Upper H 0: p equals p 0 versus Upper H 1: pnot equalsp 0 for p 0equals0.43, 0.44, 0.45, ..., 0.63, 0.64, 0.65 at the alphaequals0.05 level of significance. For which values of p 0 do you not reject the null hypothesis? What do each of the values of p 0 represent? Do not reject the null hypothesis for the values of p 0 between nothing and nothing, inclusively.
In: Statistics and Probability
A firm has debt with a face value of $100. Its projects will pay a safe $80 tomorrow. Managers care only about shareholders. A new quickie project comes along that costs $20, earns either $10 or $40 with equal probabilities, and does so by tomorrow. Assume that the time value of money is 0
1. Is this a positive-NPV project?
2. If the new project can only be financed with a new equity issue, would the shareholders vote for this? Would the creditors?
3. Assume the existing bond contract was written in a way that allows the new projects to be financed with first collateral (superseniority with respect to the existing creditors). New creditors can collect $20 from what the existing projects will surely pay. Would the existing creditors be better off?
4. What is the better arrangement from a firm-value perspective?
In: Finance
Please select ONE of the questions below to answer. Use GCU style (no first-person, no contractions, no quotes). Support your response with references from course articles or text readings. Every student’s response is expected to have examples and demonstrate understanding of chemistry.
DQ1
1. Pressure changes are utilized in many common items, internal combustion engines, vacuum cleaners, etc. Describe a unique example of a commonly exploited pressure change and how it is works.
2. Provide a unique and common example of diffusion. Your answer should include the molecules involved and the types of factors that might affect the diffusions of said molecules.
3. The ideal gas law encompasses many other laws. Provide a unique example that follows the ideal gas law and specify how it is applied.
use 100 words or more, include a source, don not copy and paste
In: Chemistry
During 2018, its first year of operations, McCollum Tool Works
entered into the following transactions relating to shareholders’
equity. The corporation was authorized to issue 100 million common
shares, $1 par per share.
| Jan. | 2 | Issued 45 million common shares for cash. | ||
| 3 | Entered an agreement with the company president to issue up to 2 million additional shares of common stock in 2019 based on the earnings of McCollum in 2019. If net income exceeds $130 million, the president will receive 1 million shares; 2 million shares if net income exceeds $140 million. | |||
| Mar. | 31 | Issued 4 million shares in exchange for plant facilities. |
Net income for 2018 was $135 million.
Required:
Compute basic and diluted earnings per share for the year ended December 31, 2018.
In: Accounting
A regenerative gas-turbine power plant with two stages of
compression and two stages of expansion operates on a Brayton cycle
with a pressure ratio across the two-stage compressor of 12. Air
enters the first stage of the compressor at 100 kPa and 300 K. At
the intercooler exit, the temperature is 300 K. In both turbine
stages, air enters at 1400 K. The total heat transfer rate to the
air in both combustors is 5,000 kW. The regenerator has an
efficiency of 70%, both compressor stages have an isentropic
efficiency of 75%, and both turbine stages have an isentropic
efficiency of 80%. The pressure in the intercooler and reheater is
600 kPa. Using an Air Standard Analysis, find the following
(a) Thermal Efficiency in Percentage
(b) net work output
(c) mass flow rate
(d) Intercooler/Reheater pressure that maximizes the cycle's
thermal efficiency
(e) Max Work output
In: Mechanical Engineering
A management company must first decide whether to undertake a
market research survey. If
the market research study is conducted, the outcome will either be
favorable (F) or unfavorable
(U). Assume there are only two decision alternatives, D1 and D2,
and two states of nature, S1
and S2. The payoff table showing profit is as follows:
|
State of Nature |
||
|
Decision Alternative |
S1 |
S2 |
|
D1 |
100 |
300 |
|
D2 |
400 |
200 |
a) Using the following probabilities, what is the optimal decision
strategy?
P(F) = 0.56 P(S1/F) = 0.57 P(S1/U) = 0.18 P(S1) = 0.40
P(U) = 0.44 P(S2/F) = 0.43 P(S2/U) = 0.82 P(S2) = 0.60
b) Find the Efficiency of this market research. What would be your
recommendation?
c) How much will this company be willing to pay for this market
research?
In: Statistics and Probability
An experiment was conducted to test the effect of a new drug on a viral infection. After the infection was induced in 100 mice, the mice were randomly split into two groups of 50. The first group, the control group, received no treatment for the infection, and the second group received the drug. After a 30-day period, the proportions of survivors, p̂1 and p̂2, in the two groups were found to be 0.36 and 0.64, respectively.
(a) Is there sufficient evidence to indicate that the drug is effective in treating the viral infection? Use α = 0.05.
(b) Find the test statistic and rejection region. (Round your answers to two decimal places. If the test is one-tailed, enter NONE for the unused region.)
(c) Use a 95% confidence interval to estimate the actual difference (p1 − p2) in the survival rates for the treated versus the control groups. (Round your answers to two decimal places.)
In: Statistics and Probability
|
Real wage rate (2009 dollars) |
Labor demand (billions of hours per year) |
Labor supply (billions of hours per year) |
|
5 |
360 |
260 |
|
10 |
325 |
275 |
|
15 |
300 |
300 |
|
20 |
280 |
330 |
|
Employment (billions of hours per year) |
Real GDP (trillions of 2009 dollars) |
|
100 |
2 |
|
200 |
3 |
|
300 |
3.8 |
|
400 |
4.4 |
The first table above gives the labor demand and labor supply schedules for a nation. The second table gives its production function.
In: Economics