Suppose you owe $1200 on your credit card. The annual percentage rate (APR) is 18%, compounded monthly. The credit card company says your minimum monthly payment is $21.82. a. If you make only this minimum payment, how long will it take for you to repay the $1200 balance (assuming no more charges are made)? b. If you make the minimum payment plus $10.01 extra each month (for a total of $31.83), how long will it take to repay the $1200 balance? c. Compare the total interest paid in Part (a) with the total interest paid in Part (b).
In: Economics
1. What percentage (%) is 1.5 M NaOH?ans: 6%
2. If you add 10g of NaOH to 500 ml, what is the concentration, in percent, of the solution? ans: 2% NaCl solution
3. If you add 10g of NaCl to make a 3 M solution, what is the total volume? mw=58.44 ans: 57 ml NaCl solution
4. Given 30% NaOH solution, how man mL's solution would you use to prepare 300 ml of 10% solution? ans: 100 ml of NaOH
In: Biology
Web Wizard, Inc., has provided information technology services
for several years. The company uses the percentage of credit sales
method to estimate bad debts for internal monthly reporting
purposes. At the end of each quarter, the company adjusts its
records using the aging of accounts receivable method. The company
entered into the following selected transactions during the first
quarter of 2017:
| Number of Days Unpaid | |||||||||||||||
| Customer | Total | 0-30 | 31-60 | 61-90 | Over 90 | ||||||||||
| Altavista Tourism | $ | 200 | $ | 100 | $ | 80 | $ | 20 | |||||||
| Bayling Bungalows | 400 | $ | 400 | ||||||||||||
| Others (not shown to save space) | 17,000 | 6,800 | 8,400 | 1,000 | 800 | ||||||||||
| Xciting Xcursions | 400 | 400 | |||||||||||||
| Total Accounts Receivable | $ | 18,000 | $ | 7,300 | $ | 8,480 | $ | 1,020 | $ | 1,200 | |||||
| Estimated uncollectable (%) | 2 | % | 10 | % | 20 | % | 40 | % | |||||||
1-a. For items (a) through (j), analyze the amount and effects on specific financial statement accounts and the overall accounting equation. (Enter any decreases to the account with a minus sign.)
1-b. Prepare the journal entries for
the above items. (If no entry is required for a
transaction/event, select "No journal entry required" in the first
account field.)
2. Show how the receivables related to these
transactions would be reported in the current assets section of a
classified balance sheet. (Amounts to be deducted should be
indicated by a minus sign.)
3. Name the accounts related to Accounts
Receivable and Note Receivable that would be reported on the income
statement and indicate whether they would appear before or after
Income from Operations.
In: Accounting
The following information indicates percentage returns for stocks L and M over a 6-year period:
| year | stock L returns | stock M returns |
| 1 | 14.79% | 20.57% |
| 2 | 14.3% | 18.19% |
| 3 | 16.47% | 16.2% |
| 4 | 17.86% | 14.43% |
| 5 | 17.6% | 12.53% |
| 6 | 19.39% | 10.98% |
In combining [L−M] in a single portfolio, stock M would receive
60% of capital funds. Furthermore, the information below reflects
percentage returns for assets F, G, and H over a 4-year period,
with asset F being the base instrument: Year Asset F Returns Asset
G Returns Asset H Returns
| year | asset F returns | asset G returns | asset H returns |
| 1 | 16.23% | 17.04% | 14.1% |
| 2 | 17.48% | 16.33% | 15.32% |
| 3 | 18.11% | 15.41% | 16.2% |
| 4 | 19.25% | 14.1% | 17.22% |
Using these assets, you have a choice of either combining [F−G] or [F−H] in a single portfolio, on an equally-weighted basis.
Required: Calculate the absolute percentage difference in the
coefficient of variation (CV) between the stock portfolio [L−M] and
the portfolio which outlines the optimal combination of
assets
.
In: Finance
In: Economics
What is the total amount of healthcare expenditures in the US? Provide a specific amount in dollars and percentage with respect to GDP.
During the first part of the semester we have spent a great deal of time reviewing general concepts of economics to build the foundation to understand specific issues of the healthcare sector. What general economic assumptions do not apply to healthcare? Explain why.
Define the concept of adverse selection and explain why it is important in healthcare insurance markets.
Briefly explain what is moral hazard and describe an example in healthcare.
Calculate the elasticity of demand using the data shown in the table below. Explain what methods you used to arrive at your answers.
|
Price Per Hour of Therapy |
Demand for Therapy |
|
0 |
16 |
|
1 |
15 |
|
2 |
14 |
|
3 |
13 |
|
4 |
12 |
|
5 |
11 |
|
6 |
10 |
|
7 |
9 |
|
8 |
8 |
|
9 |
7 |
|
10 |
6 |
|
11 |
5 |
|
12 |
4 |
|
13 |
3 |
|
14 |
2 |
|
15 |
1 |
|
16 |
0 |
The Karl Challenge: Consider the following hypothetical three-stage screening test for a cancer with the following rates of detection and costs:
|
Stage |
Number of Cases Detected |
Total Costs |
|
1 |
100 |
$200,000 |
|
2 |
105 |
260,000 |
|
3 |
106 |
300,000 |
Calculate the average cost per cancer detected in the three stages.
Calculate the marginal cost per cancer detected in the three stages
Suppose that the marginal benefit per treated case is $12,000 per person. What would be the optimal screening, given the costs?
Consider the graph below and explain the meaning of it.
The Isabel Challenge: Suppose that Nathan’s employer provides a health insurance policy that pays 80 percent of $1 over the first $100 spent. If Nathan incurs $1,000 in expenses, how much will he pay out of pocket? What percentage of his expenses will this be?
Explain the meaning and interpretation of the following two graphs:
The Danny Challenge: Suppose that a consumer makes V0 physician visits each year at a price of P0. If the price elasticity is -0.4, what will happen to the number of visits if the price increases by 10 percent? What will happen to total physician expenditures? Explain your answers.
In: Economics
The following information indicates percentage returns for stocks L and M over a 6-year period:
|
Year |
Stock L Returns |
Stock M Returns |
|
1 |
14.02% |
20.19% |
|
2 |
14.59% |
18.23% |
|
3 |
16.99% |
16.41% |
|
4 |
17.29% |
14.41% |
|
5 |
17.5% |
12.43% |
|
6 |
19.27% |
10.41% |
In combining [L−M] in a single portfolio, stock M would receive 60% of capital funds.
Furthermore, the information below reflects percentage returns for assets F, G, and H over a 4-year period, with asset F being the base instrument:
|
Year |
Asset F Returns |
Asset G Returns |
Asset H Returns |
|
1 |
16.17% |
17.06% |
14.39% |
|
2 |
17.24% |
16.44% |
15.3% |
|
3 |
18.44% |
15.34% |
16.48% |
|
4 |
19.23% |
14.13% |
17.42% |
Using these assets, you have a choice of either combining [F−G] or [F−H] in a single portfolio, on an equally-weighted basis.
Required: Calculate the absolute percentage difference in the coefficient of variation (CV) between the stock portfolio [L−M] and the portfolio which outlines the optimal combination of assets.
Answer% Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places (for example: 28.31%).
In: Accounting
Approximately what percentage of female winners (actresses) were 60 years old or older when they won the Academy Awards?
(Age at the time they won the award)
Actors Mean=44.1 Standard deviation=8.8
Actresses Mean=36.0 Standard deviation = 11.4
In: Statistics and Probability
In a recent 5-year period, mutual fund manager Diana Sauros produced the following percentage rates of return for the Mesozoic Fund. Rates of return on the market index are given for comparison.
| 1 | 2 | 3 | 4 | 5 | |
| Fund | −1.4 | +23.2 | +41.1 | +10.1 | +0.5 |
| Market index | −0.6 | +18.0 | +30.6 | +11.4 | −0.4 |
a. Calculate (a) the average return on both the Fund and the index, and (b) the standard deviation of the returns on each. (Do not round intermediate calculations. Round your answers to 2 decimal places.)
b. Did Ms. Sauros do better or worse than the market index on these measures?
In: Finance
Waterway Company had the following department information about physical units and percentage of completion: Physical Units Work in process, May 1 (60%) 15000 Completed and transferred out 25600 Work in process, May 31 (50%) 11400 Materials are added at the beginning of the production process. Conversion costs are added equally throughout production. What is the total number of equivalent units during May for conversion costs if the weighted-average method is used? 52000 31300 22300 31600
In: Accounting