Biscayne’s Rent-A-Ride rents two models of automobiles: the standard and the deluxe. Information follows:

Biscayne’s total fixed cost is $18,500 per month.

Required:
1. Determine the contribution margin per rental day and contribution margin ratio for each model that Biscayne’s offers. (Round your "Unit Contribution Margin" answers to 2 decimal places.)



2. Which model would Biscayne’s prefer to rent?

3. Calculate Biscayne’s break-even point if the product mix is 50/50. (Do not round intermediate calculations. Round your final answer to the nearest whole number.)



4. Calculate the break-even point if Biscayne’s product mix changes so that the standard model is rented 75 percent of the time and the deluxe model is rented for only 25 percent. (Do not round intermediate calculations. Round your final answer to the nearest whole number.)



5. Calculate the break-even point if Biscayne’s product mix changes so that the standard model is rented 25 percent of the time and the deluxe model is rented for 75 percent. (Do not round intermediate calculations. Round your final answer to the nearest whole number.)

1. Classify each of these transactions as an asset, a liability, or neither for each of the “players” in the money supply process – the Federal Reserve, the banking system, and nonbank public.

a) You take a $10,000 loan from Bank One to buy an automobile

b) You deposit $400 into your checking account at the First National Bank of Huntsville

c) The Fed provides an emergency loan to a bank for $ 1 million

d) A bank borrows $500,000 in overnight loans from another bank

e) You use your debit card to purchase a meal at a restaurant for $50

2. Suppose that Mr. Justin Bieber deposits $5,000 in his checking account at Santa Monica Bank. How does this transaction affect the monetary base? Show the changes in the balance sheets for Mr. Bieber, the bank, and the Fed.

3. What are the major differences between a discount loan and an open market purchase with respect to their respective effects on monetary base? Explain using an example and showing the relevant changes in the balance sheets of the Fed and the Banking System. Between these two actions, is one preferred to the other by the Fed? Why or why not?

4. As the bankers’ bank, the Federal Reserve Banks operate the payments system in the United States? What are the different components of the payments system that they operate? Briefly describe.

5. What are the main arguments against central bank independence? Is the Fed independent? How do you know? Explain.

1. How does the brightness of the refracted ray change when the incident angle (from glass to air) changes from less than critical angle to greater than critical angle?

a. brighter

b. dimmer

c. unchanged

d. dimmer and then disappear

2. Trying to picture an electroscope you made in the lab, on rubbing an rubber rod with fur, the electrons from the fur get transferred to the rubber rod. While holding the rubber rod near the electroscope (not touching the top paper clip), the foil leaves separate. At the same time, someone rubs a Styrofoam cup on a piece of cloth and also brings it to the electroscope, the leaves close a bit. What is the type of charge the Styrofoam cup carrying?

A. positive

b. negative

c. cannot decide

3. What would be the correct description of how an image in a plane mirror compares to the original object?

4. If the distance between the object and the screen is 1meter, a thin lens is put in between and moving, when the lens is 30 cm away from the object, a clear image is formed on the screen. How much is the focal length of this thin lens?

a. 0.048 m

b. 21 cm

c. 0.019 m

d. 52.5

The Village of Hawksbill issued $4,200,000 in 5 percent general obligation, tax-supported bonds on July 1, 2016, at 101. A fiscal agent is not used. Resources for principal and interest payments are to come from the General Fund. Interest payment dates are December 31 and June 30. The first of 20 annual principal payments is to be made June 30, 2017. Hawksbill has a calendar fiscal year.

1. A capital projects fund transferred the premium (in the amount of $45,000) to the debt service fund.
2. On December 31, 2016, funds in the amount of $105,000 were received from the General Fund and the first interest payment was made.
3. The books were closed for 2016.
4. On June 30, 2017, funds in the amount of $270,000 were received from the General Fund, and the second interest payment ($105,000) was made along with the first principal payment ($210,000).
5. On December 31, 2017, funds in the amount of $99,750 were received from the General Fund and the third interest payment was made (also in the amount of $99,750).
6. The books were closed for 2017.

Required:
a. Prepare journal entries to record the events above in the debt service fund.
b. Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the debt service fund for the year ended December 31, 2016.
c. Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the debt service fund for the year ended December 31, 2017.
  

rev: 02_22_2019_QC_CS-159962

Please discuss the main point of this paragraph…

Our body reacts to love like it would act to drugs. We start the drug, and the high is so great and so amazing. Everything is happiness and laughter and it seems like nothing could ruin it. Until the drugs wear off, and the come down hits. Your body misses the drug, it had became dependent and now you feel depressed. You feel as if without the drug you can't be happy. This is because of the chemicals released in your brain, the same chemicals released when your in love. We talk and think about love like it's all natural perfection, and it's always happiness surrounding it. People look for love, like addicts look for drugs. Catron suggests instead of looking for love, we make it, like art instead of drugs. We should demand love that we want, and not something piled on us without consent. We should understand that yes, love is nice, but is this specific love, the love for me? As amazing as creating my dream love sounds, I do believe it would be difficult. People say that love is blinding, and because of the physiological changes I believe it really is, and demanding the ideal love we want would be difficult. With these changes in our brain, I believe we think that the non consensual love is the love we demand, even if the lows are way worse than the highs.

Jacob is a CRNA working in the labor and delivery department of a private for-profit hospital. He has been employed there full-time for 10 years. He currently is the lead CRNA for 5 other CRNAs that work on the unit. He has been researching DNP programs and has decided to complete an application with an online DNP program. He has an upcoming meeting with his director in a couple of weeks for which he wants to discuss he return to school and also discuss changes in nursing anesthesia practice that may impact current hospital policies and procedures ethically and legally. During his monthly meeting with the director of the unit, he decides to share his desire to pursue another degree to expand his knowledge base, make him a better leader, and help promote better health care delivery and care outcomes. He discusses reducing his hours in order to allow him time to pursue his degree. The director tells Jacob that at this time reducing his hours to accommodate his desire to return to school would not be an option. The director also tells Jacob that the changes in nursing anesthesia practice that may affect their internal policies will need to be addressed at a later meeting. After the meeting, Jacob is discouraged, feels a lack of administrative support, and now is uncomfortable in his leadership role.

What ethical perspectives influenced your pursuit of a DNP degree? please provide reference

National Bank currently has $1,800 million in transaction deposits on its balance sheet. The current reserve requirement is 12 percent, but the Federal Reserve is decreasing this requirement to 10 percent.

a. Show the balance sheet of the Federal Reserve and National Bank if National Bank converts all excess reserves to loans, but borrowers return only 50 percent of these funds to National Bank as transaction deposits.

panel A initial balance sheets: federal reserve bank:

Assets:______ Millions Liabilities _____________ millions

bank three:

Assets:______ Millions Liabilities _____________ millions

Assets:______ Millions

panel B: balance sheet after all changes: federal reserve bank:

Assets:______ Millions Liabilities _____________ millions

bank three

Assets:______ Millions Liabilities _____________ millions

Assets:______ Millions

b. Show the balance sheet of the Federal Reserve and National Bank if National Bank converts 75 percent of its excess reserves to loans and borrowers return 65 percent of these funds to National Bank as transaction deposits.

panel A initial balance sheets: federal reserve bank:

Assets:______ Millions Liabilities _____________ millions

bank three:

Assets:______ Millions Liabilities _____________ millions

Assets:______ Millions

panel B: balance sheet after all changes: federal reserve bank:

Assets:______ Millions Liabilities _____________ millions

bank three

Assets:______ Millions Liabilities _____________ millions

Assets:______ Millions

Problem I: Suppose you are the manager of Speedy Oil Change which claims that it will change the oil in customers’ cars in less than 30 minutes on average. Further suppose that several complaints have been filed from customers stating that their oil change took longer than 30 minutes. Upper-level management at Speedy Oil Change headquarters has requested that you investigate the complaints. To begin your investigation, you randomly audit 36 oil changes performed by Speedy Oil Change and record the time each customer waited for the oil change. The number of minutes to complete each of the 36 oil changes is reported below.

(data similar to http://org.elon.edu/econ/sac/Descriptive.htm)

In the questions below, you will test if the mean is significantly less than 30 minutes at a significance level of 0.01.

6. Using the confidence interval you created, calculate the range of values that answers the question “how much less than 30 minutes is our mean oil change?”

7. What other factors might you need to consider in order to address the customer complaints?

Suppose r_RF = 4%, r_M = 11%, and b_i = 2.2.

1. What is r_i, the required rate of return on Stock i? Round your answer to two decimal places.
     %

2. 1. Now suppose r_RF increases to 5%. The slope of the SML remains constant. How would this affect r_M and r_i?

   1. r_M will remain the same and r_i will increase by 1%.
   2. r_M will increase by 1% and r_i will remain the same.
   3. Both r_M and r_i will decrease by 1%.
   4. Both r_M and r_i will remain the same.
   5. Both r_M and r_i will increase by 1%.

2. Now suppose r_RF decreases to 3%. The slope of the SML remains constant. How would this affect r_M and r_i?

1. 
   
2. 1. Both r_M and r_i will remain the same.
   2. Both r_M and r_i will decrease by 1%.
   3. r_M will decrease by 1% and r_i will remain the same.
   4. r_M will remain the same and r_i will decrease by 1%.
   5. Both r_M and r_i will increase by 1%.

1. Now assume that r_RF remains at 4%, but r_M increases to 12%. The slope of the SML does not remain constant. How would these changes affect r_i? Round your answer to two decimal places.

1. The new r_i will be   %.

   2. Now assume that r_RF remains at 4%, but r_M falls to 10%. The slope of the SML does not remain constant. How would these changes affect r_i? Round your answer to two decimal places.

   The new r_i will be   %.

You are the proud new owner of a local deli, Garibaldo's, situated in a great neighborhood. When you bought the deli, you also received an accounts receivable listing of customers who owed money to the deli along with a shoe box filled with slips of paper that contained the names of the "house account" customers. (These people all had charge privileges with the former owner of Garibaldi's.) The former owner did not like computers or recordkeeping. He said he could spot a good credit risk by "a handshake and a look in the eye. " Bills were not sent to house accounts as the former owner asked these customers to pay "when he needed cash flow and they (the customers) were in a good mood. " This is your first week of business and sales seem slow. Most of the activity comes at the lunch rush and many of your customers hurry in, grab stuff from the deli case and say, "Put it on my tab. " You think you need to make some changes, but you also don't want to make any of the customers mad. Use this grid to jot down your responses to the three questions listed

1. What are Garibaldi's current credit policies?

2. How are accounts receivable recorded on the company books?

3. What three changes would you make to the current way of doing business for Garibaldi's house accounts?