Sales $ 471,000 $ 416,000 Cost of goods sold 330,000 268,000 Gross profit $ 141,000 $ 148,000 Operating expenses 130,000 116,000 Net income $ 11,000 $ 32,000 a. Prepare common size income statements for Price Company, a sole proprietorship, for the two years shown as above by converting the dollar amounts into percentages. For each year, sales will appear as 100 percent and other items will be expressed as a percentage of sales. (Income taxes are not involved as the business is not incorporated.) b. State whether the changes from year 1 to year 2 are favorable or unfavorable.

Research project: The impact of information technology on the revenue cycle activities, threats, and controls Search popular business and technology magazines (BusinessWeek, Forbes, Fortune, CIO, etc.) to find an article about innovative use of IT that can be used to improve one or more activities in the revenue cycle. Write a report that: A. Explains how IT can be used to change revenue cycle activities. B. Discusses the control implications. Refer to table 12.1(page 357) and explain how the new procedure changes the threats and appropriate control procedures for mitigating those threats.

Firms A & B have no debt. Both have invested capital of $5,000,000 and 200,000 shares outstanding. Both firms have a ROIC of 12% and a WACC of 12%. Firm A pays out 100% of earnings as dividends and Firm B pays out 40% of its earnings as dividends.  

What will be the share price of each firm at the end of two years?

Will shareholders of Firms A & B earn the same or different rates of return after selling their shares at end of year two assuming both firms continue to operate as they have and there are no changes in expectations. Explain your logic.

Consider the pizza restaurants and explain the following issues.

1.) Explain the effect of a horizontal integration of all the firms in the industry on the pricing behavior of the merger.

2.) Given the merger in question 1, explain the changes in the concentration of the industry.

3.) Given the merger in question 1, explain the relationship between the elasticity of the industry demand and that of the firm.

4.) Given the merger in question 1, explain how entry into the industry is affected.

5.) Explain the value of the Lerner index for the competitive market.

6.) Explain why the competitive market has a very low concentration.

Label each of the following statements true, false, or uncertain. Explain your choice carefully.

a. When domestic inflation equals foreign inflation, the real exchange rate is fixed.

b. A devaluation is an increase in the nominal exchange rate.

c. A sudden fear that a country is going to devalue leads to an increase in the domestic interest rate.

d. A change in the expected future exchange rate changes the current exchange rate.

e. Because economies tend to return to their natural level of output in the medium run, it makes no difference whether a country chooses a fixed or flexible exchange rate.

Answer the following discussion topic completely...

Delving deeper into the ways through which exchange rates are influenced, what are some of the things you think can affect exchange rates? how do you think they would affect exchange rates? can exchange rate changes affect country welfare through terms of trade? why or why not? Given that you are now very competent in understanding trade flow determinants, do you think introducing exchange rates to any of our models can change some of the results? why or why not?

A healthy young man living on the coast at sea level attempts to climb the Himalayan Mountains, which of the following changes are expected?

A) Decreased 2,3 BPG levels which will cause a rightward shift of oxygen-hemoglobin dissociation curve to facilitate O₂ loading hemoglobin.

B) The alveoli PO₂ decreases because of the thinner air and lower O₂ composition (< 21%) in high altitude.

C) A lower pulse oximeter reading because of a reduction in the arterial PO₂.

D) Decreased hemoglobin/hematocrit due to chronic hypoxia.

E) Decreased firing of the peripheral chemoreceptors.

Your assignment is to develop an investment portfolio of common stocks and mutual funds for a person of your age (32) and current life situation(unemployed student USA) You are required to select 5 individual stocks and 5 mutual funds. You must justify your selections by doing some research and indicating why you chose the stocks and mutual funds in your portfolio. You will need to put a hypothetical $10,000 into each stock and each mutual fund. You will be tracking the price changes of your selected stocks and mutual funds for the next three weeks

(a) Suppose that f is a polynomial of degree 3 or more. Explain, in your own words, how you would

use real zeros of f to determine the open intervals over which f(x) > 0 or f(x) < 0. Be brief

and precise. In particular, you need to tell how and where the sign of f changes.

(d) Rewrite the expression (cos x)2x in terms of natural base e.

4. Let f(x) = x2 + 5. Find lim_h-0 f(3+h) - f(3)/h

a) discuss three potential flows with the regular payback method.  Discuss whether or not the discounted payback method corrects all three flaws.

b) explain why the NPV of a relatively long-term project (one for which a high percentage of its cash flows occurs in the distant future) is more sensitive to changes in the WACC than that of a short-term project.

c) explain why IRR might be overly optimistic metric (give example of cash flows that might drive IRR artificially too high). What is the way to correct for inflationary IRR?