Which of the following most closely represents how psychologists tend to view happiness:
A)Punishing oneself for a greater good.
B)All other options are correct
C)Coming from pleasurable experiences.
D)Having a sense of satisfaction in life.
If a student attends class because they love studying the material in the course, what is motivating them?
A)Extrinsic motivation
B)Intrinsic motivation
C)Instinct
D)Arousal
The fact that humans are motivated to satisfy their curiosity is best explained by which theory?
A)Maslow's hierarchy of needs
B)Self-determination theory
C)Drive reduction theory
D)Arousal theory
The Two-Systems Perspective of emotion is primarily focused on what kinds of emotions?
A)Emotions that go directly to the amygdala
B)All other options are correct
C)"Low road" emotions
D)Emotions that require a rapid response.
If you’re feeling sad and someone tells you to just start smiling in order to feel better, they are basing their advice on which psychological principle?
A)the feel-good, do-good phenomenon
B)the adaptation-level principle
C)the facial feedback effect
D)the spillover effect
In: Psychology
The needs of the pediatric patient differ depending on age, as do the stages of development and the expected assessment findings for each stage. In a 500‐750‐word paper, examine the needs of a school‐aged child between the ages of 5 and 12 years old and discuss the following:
In: Nursing
What is meant by quantum of fertility and tempo of fertility? How are they thought to change with development?
In: Psychology
In: Computer Science
Please answer the following question in 175 word response:
Can you explain the gross profit ratio and why it is so important to organizations?
In: Accounting
Required:
Record the following transactions of J. Min Designs in a general journal:
DATE | TRANSACTIONS | ||
20X1 | |||
April | 1 | Purchased merchandise on credit from O’Rourke Fabricators, Invoice 885, $1,900, terms 2/10, n/30; freight of $38 prepaid by O’Rourke Fabricators and added to the invoice (total invoice amount, $1,938). | |
9 | Paid amount due to O’Rourke Fabricators for the purchase of April 1, less the 2 percent discount, Check 457. | ||
15 | Purchased merchandise on credit from Kroll Company, Invoice 145, $1,200, terms 2/10, n/30; freight of $70 prepaid by Kroll and added to the invoice. | ||
17 | Returned damaged merchandise purchased on April 15 from Kroll Company; received Credit Memorandum 332 for $100. | ||
24 | Paid the amount due to Kroll Company for the purchase of April 15, less the return on April 17, taking the 2 percent discount, Check 470. |
In: Accounting
The accountant for Eva’s Laundry prepared the following unadjusted and adjusted trial balances. Assume that all balances in the unadjusted trial balance and the amounts of the adjustments are correct.
Eva’s Laundry |
Trial Balances |
May 31, 2018 |
1 |
Unadjusted |
Unadjusted |
Adjusted |
Adjusted |
|
2 |
Debit Balances |
Credit Balances |
Debit Balances |
Credit Balances |
|
3 |
Cash |
$7,420.00 |
$7,420.00 |
||
4 |
Accounts receivable |
17,965.00 |
22,760.00 |
||
5 |
Laundry Supplies |
3,805.00 |
7,170.00 |
||
6 |
Prepaid Insurance* |
4,850.00 |
1,555.00 |
||
7 |
Laundry Equipment |
193,700.00 |
180,415.00 |
||
8 |
Accumulated Depreciation—Laundry Equipment |
$47,535.00 |
$47,535.00 |
||
9 |
Accounts Payable |
10,040.00 |
10,040.00 |
||
10 |
Wages Payable |
1,330.00 |
|||
11 |
Common Stock |
33,500.00 |
33,500.00 |
||
12 |
Retained Earnings |
76,430.00 |
76,430.00 |
||
13 |
Dividends |
28,775.00 |
28,775.00 |
||
14 |
Laundry Revenue |
185,500.00 |
185,500.00 |
||
15 |
Wages Expense |
48,990.00 |
48,990.00 |
||
16 |
Rent Expense |
25,630.00 |
25,630.00 |
||
17 |
Utilities Expense |
18,650.00 |
18,650.00 |
||
18 |
Depreciation Expense |
13,285.00 |
|||
19 |
Laundry Supplies Expense |
3,365.00 |
|||
20 |
Insurance Expense |
(70.00) |
|||
21 |
Miscellaneous Expense |
3,220.00 |
3,220.00 |
||
22 |
$353,005.00 |
$353,005.00 |
$361,165.00 |
$361,165.00 |
* $3,295 of insurance expired during the year.
Identify the errors in the accountant's adjusting entries by preparing a corrected adjusted trial balance. Assume that none of the accounts were affected by more than one adjusting entry. If an amount box does not require an entry, leave it blank
Identify the errors in the accountant's adjusting entries by preparing a corrected adjusted trial balance. Assume that none of the accounts were affected by more than one adjusting entry. If an amount box does not require an entry, leave it blank.
Eva's Laundry
ADJUSTED TRIAL BALANCE
May 31, 2018
ACCOUNT TITLE | DEBIT | CREDIT | |
---|---|---|---|
1 |
Cash |
||
2 |
Accounts Receivable |
||
3 |
Laundry Supplies |
||
4 |
Prepaid Insurance* |
||
5 |
Laundry Equipment |
||
6 |
Accumulated Depreciation-Laundry Equipment |
||
7 |
Accounts Payable |
||
8 |
Wages Payable |
||
9 |
Common Stock |
||
10 |
Retained Earnings |
||
11 |
Dividends |
||
12 |
Laundry Revenue |
||
13 |
Wages Expense |
||
14 |
Rent Expense |
||
15 |
Utilities Expense |
||
16 |
Depreciation Expense |
||
17 |
Laundry Supplies Expense |
||
18 |
Insurance Expense |
||
19 |
Miscellaneous Expense |
||
20 |
Totals |
* $3,295 of insurance expired during the year.
In: Accounting
Max was recently hired by Imagine Software Inc. as a junior budget analyst. He is working for the Venture Capital Division and has been given for capital budgeting projects to evaluate. He must give his analysis and recommendation to the capital budgeting committee.
Max has a B.S. in accounting from CWU (2015) and passed the CPA exam (2017). He has been in public accounting for several years. During that time he earned an MBA from Seattle U. He would like to be the CFO of a company someday--maybe Imagine Software Inc. -- and this is an opportunity to get onto that career track and to prove his ability.
As Max looks over the financial data collected, he is trying to make sense of it all. He already has the most difficult part of the analysis complete -- the estimation of cash flows. Through some internet research and application of finance theory, he has also determined the firm’s beta.
Here is the information that Max has accumulated so far:
The Capital Budgeting Projects
He must choose one of the four capital budgeting projects listed below:
Table 1
t |
A |
B |
C |
D |
0 |
(14,900,000) |
(17,900,000) |
(16,600,000) |
(19,700,000) |
1 |
4,980,000 |
5,990,000 |
3,850,000 |
6,400,000 |
2 |
4,980,000 |
6,210,000 |
4,990,000 |
5,880,000 |
3 |
4,510,000 |
6,250,000 |
6,860,000 |
6,800,000 |
4 |
4,510,000 |
4,700,000 |
4,990,000 |
6,650,000 |
Risk |
High |
Average |
Low |
Average |
Table 1 shows the expected after-tax operating cash flows for each project. All projects are expected to have a 4 year life. The projects differ in size (the cost of the initial investment), and their cash flow patterns are different. They also differ in risk as indicated in the above table.
The capital budget is $20 million and the projects are mutually exclusive.
Capital Structures
Imagine Software Inc. has the following capital structure, which is considered to be optimal:
Debt |
35% |
Preferred Equity |
15% |
Common Equity |
50% |
100% |
Cost of Capital
Max knows that in order to evaluate the projects he will have to determine the cost of capital for each of them. He has been given the following data, which he believes will be relevant to his task.
(1)The firm’s tax rate is 40%.
(2) Imagine Software Inc. has issued a 9% semi-annual coupon bond with 7 years term to maturity. The current trading price is $988.
Cost of Preferred Stock is 9.04 %
(3) The firm has issued some preferred stock which pays an annual 8.5% dividend of $100 par value, and the current market price is $94.
Cost of common equity
(1) Estimated cost of common equity using the CAPM approach
(4) The firm’s stock is currently selling for $76.5 per share. Its last dividend (D0) was $2.80, and dividends are expected to grow at a constant rate of 7.5%. The current risk free return offered by Treasury security is 3.1%, and the market portfolio’s return is 10%. Imagine Software Inc. has a beta of 1.25. For the bond-yield-plus-risk-premium approach, the firm uses a risk premium of 2.8%.
What is the estimated cost of common equity using the DCF approach?
(5) The firm adjusts its project WACC for risk by adding 2% to the overall WACC for high-risk projects and subtracting 2% for low-risk projects.
Max knows that Imagine Software Inc. executives have favored IRR in the past for making their capital budgeting decisions. His professor at Seattle U. said NPV was better than IRR. His textbook says that MIRR is also better than IRR. He is the new kid on the block and must be prepared to defend his recommendations.
First, however, Max must finish the analysis and write his report. To help begin, he has formulated the following questions:
What is the firm’s cost of debt?
What is the cost of preferred stock for Imagine Software Inc.?
Cost of common equity
(1) What is the estimated cost of common equity using the CAPM approach?
The current risk free return offered by Treasury security is 3.1%, and the market portfolio’s return is 10%. Imagine Software Inc. has a beta of 1.25.
(2) What is the estimated cost of common equity using the DCF approach?
The firm’s stock is currently selling for $76.5 per share.
(3) What is the estimated cost of common equity using the bond-yield-plus-risk-premium approach?
Bond yield plus risk premium:
(4) What is the final estimate for rs?
What is Imagine Software Inc.’s overall WACC?
Do you think the firm should use the single overall WACC as the hurdle rate for each of its projects? Explain.
What is the WACC for each project? Place your numerical solutions in Table 2.
Calculate all relevant capital budgeting measures for each project, and place your numerical solutions in Table 2.
Table 2
A |
B |
C |
D |
|
WACC |
||||
NPV |
||||
IRR |
||||
MIRR |
Comment on the commonly used capital budgeting measures. What is the underlying cause of ranking conflicts? Which criterion is the best one, and why?
Which of the projects are unacceptable and why?
Rank the projects that are acceptable, according to Max’s criterion of choice.
Which project should Max recommend and why? Explain why each of the projects not chosen was rejected.
In: Finance
A box of textbooks of mass 25.0 kg rests on a loading ramp that makes an angle α with the horizontal. The coefficient of kinetic friction is 0.23 and the coefficient of static friction is 0.36.
A) As the angle α is increased, find the minimum angle at which the box starts to slip. Express your answer using two significant figures.
B) At this angle, find the acceleration once the box has begun to move. Express your answer using two significant figures.
C) At this angle, how fast will the box be moving after it has slid a distance 4.9 m along the loading ramp? Express your answer using two significant figures.
In: Physics
Imagine that you are holding 5,500 shares of stock, currently selling at $50 per share. You are ready to sell the shares but would prefer to put off the sale until next year due to tax reasons. If you continue to hold the shares until January, however, you face the risk that the stock will drop in value before year-end. You decide to use a collar to limit downside risk without laying out a good deal of additional funds. January call options with a strike price of $55 are selling at $2, and January puts with a strike price of $45 are selling at $3. What will be the value of your portfolio in January (net of the proceeds from the options) if the stock price ends up at $41, $50, $61? What will the value of your portfolio be if you simply continued to hold the shares?
Stock Prices: | |||
Portfolio Value | $41 | $50 | $61 |
If collar is used | ? | ? | ? |
if you continued to hold the shares | ? | ? | ? |
In: Finance
6a) The work function of a clean tungsten surface is 4.50 eV. Find the speed of the fastest electrons emitted from a tungsten surface when light of 5-eV photon energy shines on the surface.
In: Physics
Please discuss the strategic purpose of management development (MD). In your opinion, what are the top three strategic issues facing HR practitioners today in relation to management development and, in turn, organizational performance and improvement? What role can management development play in facilitating practical solutions to these strategic issues?
In: Operations Management
Problem 11-06
New-Project Analysis
The Campbell Company is considering adding a robotic paint sprayer to its production line. The sprayer's base price is $1,150,000, and it would cost another $22,000 to install it. The machine falls into the MACRS 3-year class (the applicable MACRS depreciation rates are 33.33%, 44.45%, 14.81%, and 7.41%), and it would be sold after 3 years for $660,000. The machine would require an increase in net working capital (inventory) of $16,500. The sprayer would not change revenues, but it is expected to save the firm $456,000 per year in before-tax operating costs, mainly labor. Campbell's marginal tax rate is 35%.
What is the Year 0 net cash flow?
$
What are the net operating cash flows in Years 1, 2, and 3? Do not round intermediate calculations. Round your answers to the nearest dollar.
Year 1 $
Year 2 $
Year 3 $
What is the additional Year 3 cash flow (i.e, the after-tax salvage and the return of working capital)? Do not round intermediate calculations. Round your answer to the nearest dollar.
$
If the project's cost of capital is 12 %, what is the NPV of the project? Do not round intermediate calculations. Round your answer to the nearest dollar.
$
Should the machine be purchased?
In: Finance
Dynex Company had the following income statement for last year:
Sales | $200,000 | ||
Less: COGS | 100,000 | ||
Gross Profit | $100,000 | ||
Less: Selling & Admin. Expense | 40,000 | ||
Operating income | $ 60,000 |
Beginning assets were $280,000, and ending assets were $300,000.
Use the excel document found in the Assignments tab to answer the questions below.
In: Operations Management
Rayvo Company has the following information:
Direct Materials: | Direct Labour: | ||||
Standard Quantity | 100,000 | Standard Hours | 1,000 | ||
Actual Quantity | 99,500 | Actual Hours | 1,050 | ||
Standard Price | $5 | Standard Rate | $12 | ||
Actual Price | $4 | Actual Rate | $13 |
Use the excel document found in the Assignments tab to answer the questions below.
In: Operations Management