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|---|---|---|---|---|---|---|
1035458
|
How does accounting help the capital allocation process attract Investment capital?
a. Provides timely, relevant information.
b. Encourages innovation.
c. Promotes productivity.
d. a and b above.
|
a
|
Multiple Choice
|
Business
|
University
| 6
|
175531
|
A product sells for $30 per unit and has variable costs of $15.75 per unit. The fixed costs are $1,011,750. If the variable costs per unit were to decrease to $14.40 per unit and fixed costs increase to $1,107,600 and the selling price does not change, breakeven points in units would:
A. increase by 24.289
B. equal 6.000
C. increase by 3.195
D. decrease by 24.289
E. not change
|
E
|
Multiple Choice
|
Business
|
University
| 6
|
833018
|
Clover Sweet Company uses the weighted-average method in its process costing system. Information for the month of February concerning Department A, the first stage of the company's production process, follows:
Materials Conversion costs
Work in process, beginning $7,000 $5,000
Current added during January$45,000$37,000
Equivalent units of production105,000100,000
Cost per equivalent unit$0.58$0.50
Units completed and transferred to the next department95,000
Units Work in process, ending15,000 units
Materials are added at the beginning of the process. The ending work in process is 60% complete with respect to conversion costs. What cost would be recorded for the ending work-in-process inventory?
|
$13,200
|
Integer
|
Business
|
University
| 6
|
439492
|
Ferron Corporation's net cash provided by operating activities was $81; its income taxes were $36; it's capital expenditures were $34, and its cash dividends were $15. The company's free cash flow was:
A. $68
B. $32
C. - $13
D. $166
|
B
|
Multiple Choice
|
Business
|
University
| 6
|
1871832
|
Which of the following situations would cause variable-costing income to be lower than absorption-costing income?
a. Sales prices decreased by $7 per unit during the accounting period.
b. Units sold equaled 39,000 and units produced equaled 42,000.
c. Units sold and units produced were both 42,000.
d. Units sold equaled 55,000 and units produced equaled 49,000.
e. Selling expenses increased by 10% during the accounting period.
|
b
|
Multiple Choice
|
Business
|
University
| 6
|
727415
|
Co. X has gathered the following estimates:
Machine A
Machine B
Cost
$600,000
$600,000
Life
5 yrs
5 yrs
Net Cash Inflow:
Yr 1
$100,000
$500,000
Yr 2
$200,000
$400,000
Yr 3
$300,000
$300,000
Yr 4
$400,000
$200,000
Yr 5
$500,000
$100,000
Co. X uses the net present value method to evaluate capital expenditures. Which of the following two machines has the higher net present value?
a. They are the same.
b. Machine A.
c. Machine B.
d. Cannot be determined from the information provided.
|
c
|
Multiple Choice
|
Business
|
University
| 6
|
1455397
|
Find the probability that the sample mean weight of these 100 bags exceeded 13.6 ounces, given that the amount of chips dispensed into a 13-ounce bag is a normal distribution with a mean of 13.5 ounces and a standard deviation of 0.1 ounces, and 100 bags of chips were randomly selected.
|
0
|
Float
|
Mathematics
|
University
| 6
|
1995125
|
Use L'Hopital's rule to find the limit: {eq}lim_{x \to 0^{+}} (\tan{2x})^{x} {/eq}
|
1
|
Integer
|
Mathematics
|
University
| 6
|
1482549
|
An all-equity firm has a net income of $27,300, depreciation of $7,400, and taxes of $2,050. What is the firm's operating cash flow?
A. $17,850
B. $21,950
C. $29,350
D. $34,700
E. $36,750
|
D
|
Multiple Choice
|
Business
|
University
| 6
|
680199
|
In addition to the financial statements and the accompanying notes, corporate annual reports normally include which of the following?
a) Management Discussion and Analysis
b) Report on Internal Control
c) Report on Fairness of the Financial Statements
d) All of these choices are correct
|
d
|
Multiple Choice
|
Business
|
University
| 6
|
1258136
|
Find the sample size needed to assure with 95 percent confidence that the sample mean will not differ from the population mean by more than $10, given that the weekly earnings of students in one age group are normally distributed with a standard deviation of $90.
|
312
|
Integer
|
Mathematics
|
University
| 6
|
1069092
|
Stock in ABC Enterprises has a beta of 1.28. The market risk premium is 7.4%, and T-bills are currently yielding 3.6%. ABC's most recently paid dividend was $1.62 per share, and dividends are expected to grow at an annual rate of 2% indefinitely. If the stock sells for $38 a share, what is your best estimate of ABC's cost of equity?
9.71%
9.41%
7.82%
9.78%
7.41%
|
9.71%
|
Percentage
|
Finance
|
University
| 6
|
1584291
|
When I started my company, I purchased the following merchandise:
Purchase A - 100 units for $800
Purchase B - 200 units for $1,800
Purchase C - 200 units for $2,000
My inventory at the end of the period was 200 units; the cost of sales for the period was $2,500. What inventory method did I use?
a. FIFO
b. LIFO
c. simple average (average of prices)
d. weighted averaged (prices weighted by quantities bought)
e. It cannot be determined from the information given.
|
e
|
Multiple Choice
|
Business
|
University
| 6
|
1978638
|
According to the principles of cognitive learning, learning can take place in an individual:
a. who has not received any noticeable rewards
b. only if the learning is reflexive in nature
c. who shows a change in behavior
d. only when the behavior is followed by an effect
|
a
|
Multiple Choice
|
Psychology
|
University
| 6
|
757111
|
An expected future increase in total factor productivity does not affect:
A. current labor demand.
B. current wages.
C. current output demand.
D. current investment demand.
|
C
|
Multiple Choice
|
Economics
|
University
| 6
|
586131
|
Wildhorse Company is a multi-product firm. Presented below is information concerning one of its products, the Hawkeye. Compute the cost of goods sold, assuming Wildhorse uses periodic system, weighted-average cost flow.
Date Transaction Quantity Price/Cost
1/1 Beginning inventory 3,500 $19
2/4 Purchase 4,500 28
2/20 Sale 5,000 47
4/2 Purchase 5,500 36
11/4 Sale 4,700 52
|
$280,621
|
Float
|
Business
|
University
| 6
|
846085
|
if the marginal propensity to consume is 0.75 and savings are increased by 4000, then consumption spending is increasing by how much?
|
12000
|
Integer
|
Economics
|
University
| 6
|
1686190
|
Market demand is given as QD = 200 3P.
Market supply is given as QS = 2P + 100.
Each identical firm has MC = 0.5Q and ATC = 0.25Q.
What is each firm's profit?
|
400
|
Integer
|
Economics
|
University
| 6
|
1227304
|
Shi Importers' balance sheet shows $300 million in debt, $50 million in preferred stock, and $250 million in total common equity. Shi's tax rate is 35%, rd = 7%, rps = 6.5%, and rs = 11%. If Shi has a target capital structure of 30% debt, 5% preferred stock, and 65% common stock, what is its WACC?
|
8.84%
|
Percentage
|
Business
|
University
| 6
|
1593328
|
Changes in the federal funds rate influence the economy's growth rate through all of the following except:
a. making it more or less attractive two people save.
b. making it more or less expensive to borrow.
c. making investment spending more or less attractive.
d. altering the real interest rate when inflation is changing quickly.
|
d
|
Multiple Choice
|
Economics
|
University
| 6
|
414762
|
Why did they define $n_0 =\left \lfloor{a}\right \rfloor +1$ in the calculation of $\lim_{n\to\infty}\frac{a^n}{n!}, a>1$? Furthermore, I don't understand what happened after they defined $L=\lim_{n\to\infty}a_n$. How did they get $\lim_{n\to\infty}\frac{a}{n+1}$ from $\frac{a}{n+1}\cdot a_n$?
|
0
|
Integer
|
Mathematics
|
University
| 6
|
1181430
|
_____ represents the permanent sources of the firm's financing.
a. Financial structure
b. Capital structure
c. Equity structure
d. Cost structure
|
b
|
Multiple Choice
|
Business
|
University
| 6
|
650117
|
Participants take a simulated driving test twice. In one condition, they have no alcohol, and in the other, they have enough alcohol to take them over the legal limit. This design is:
a. repeated measures
b. related measures
c. between subjects
d. independent measures
|
A
|
Multiple Choice
|
Mathematics
|
University
| 6
|
1497771
|
Let $I:=[a,b]$ a perfect interval and $\gamma\in C(I,\Bbb R^n)$ an injective path such that $\Gamma:=\gamma(I)$ is rectifiable. Show that $\dim_H(\Gamma)=1$. Here $\dim_H$ is the Hausdorff dimension.
|
1
|
Integer
|
Mathematics
|
University
| 6
|
1221246
|
The following data are extracted from the equity section of the balance sheet of Ebbs Corporation:
Dec. 31, Yr 6 Dec. 31, Yr 7
Common stock ($2 par value) $100,000 $102,000
Paid-in capital in excess of par 50,000 58,000
Retained earnings100,000 104,600
During Yr 7, the corporation declared and paid cash dividends of $15,000 and also declared and issued a stock dividend. There were no other changes in stock issued and outstanding during Yr 7. Net income for Yr 7 was:
a. $4,600
b. $19,600
c. $21,600
d. $29,600
|
b
|
Multiple Choice
|
Business
|
University
| 6
|
1424429
|
Which one of following is the rate at which a stock's price is expected to appreciate?
A) current yield
B) capital gains yield
C) dividend yield
D) coupon rate
E) total return
|
B
|
Multiple Choice
|
Finance
|
University
| 6
|
1974468
|
The length of the operating cycle for a firm is equal to the length of the:
a. payables
b. deferral period
c. cash conversion cycle
d. receivables
e. conversion period
f. a plus b
|
c
|
Multiple Choice
|
Business
|
University
| 6
|
1645800
|
Extraordinary repairs:
a) Extend an asset's useful life beyond its original estimate.
b) Are credited to accumulated depreciation
c) Are additional costs of plant assets that do not materially increase the asset's life
d) Are expensed as incurred
|
a
|
Multiple Choice
|
Business
|
University
| 6
|
753343
|
Which of the following statements is true of the optimal capital structure?
a. It is found by determining the debt-equity mix that maximizes expected EPS.
b. It simultaneously maximizes EPS and minimizes the WACC.
c. It minimizes the cost of equity, which is a necessary condition for maximizing the stock price.
d. It simultaneously minimizes the cost of debt, the cost of equity, and the WACC.
e. It should have the combination of debt and equity that will maximize the price of the firm's stock.
|
e
|
Multiple Choice
|
Business
|
University
| 6
|
1575704
|
Assume the following information for the month of August.
June sales=$40,000; July sales= $65,000; August sales= $52,850. All sales are on account and are collected as follows: 20% in the current month, 50% in the month following, 25% in the second-month following, and 5% uncollectible. The beginning cash balance is $14,670, with cash payments of $24,763. If the minimum cash balance is $50,000,
what is the amount needed by the bank, or how much is available to pay towards the bank loan? Show the amount as a positive number, and the amount to repay a loan as a negative number.
|
$7,023
|
Float
|
Business
|
University
| 6
|
1107859
|
Find the producers' surplus at a price level of $14 for the price-supply equation p = S(x) = 6 + 0.2x where p is the price and x is the demand.
|
160
|
Integer
|
Economics
|
University
| 6
|
2051154
|
Let $f(x)$ be continuous in $[0,1]$ and if $\int_0^1f(x)x^n = 0 \forall n = 0,1,2...$, then prove that $\int_0^1 f^2(x) = 0$.
|
0
|
Integer
|
Mathematics
|
University
| 6
|
572133
|
Identify the false statement regarding the format of the multi-step income statement: Select one:
a. The order of the six profit points in a standard multi-step income statement is Gross profit followed by EBITDA followed by NOI then EBIT followed by EBT and finally Net Income.
b. Generally speaking, we reconstruct or restate the income statement so that NOI represents the dividing line between operating/recurring income and non-operating/non-recurring income.
c. EBITDA is placed in the income statement before depreciation and amortization expense.
d. Operating expenses are shown "above the line" or above NOI.
e. Property taxes are presented after Earnings Before Taxes (EBT).
|
a
|
Multiple Choice
|
Business
|
University
| 6
|
888339
|
FORco, a foreign corporation, decides to open a sales office in the United States. FORco has a choice of operating in the United States as:
a. a branch only.
b. a domestic corporation only.
c. either a branch in the United States or a domestic corporation.
d. neither a branch in the United States nor a domestic corporation.
|
c
|
Multiple Choice
|
Business
|
University
| 6
|
903215
|
Is the following a formal way to evaluate the limit $\lim_{n\to\ +\infty}{\left(1-\frac{1}{n}\right)^{n^2}}$:
$\lim_{n\to\ +\infty}{\left(1-\frac{1}{n}\right)^{n^2}}=\lim_{n\to\ +\infty}{e^{n^2\ln\left(1-\frac{1}{n}\right)}}=e^{\lim_{n\to\ +\infty}{n^2\ln\left(1-\frac{1}{n}\right)}}=e^{\lim_{n\to\ +\infty}{n^2}{\lim_{n\to\ +\infty}\ln\left(1-\frac{1}{n}\right)}}=e^{\lim_{n\to\ +\infty}{-n}}=0$? Is substituting $\ln\left(1-\frac{1}{n}\right)$ with $-\frac{1}{n}$ doing the limit by pieces? Can I use the theorem of the product even if there is the indeterminate form $0\cdot(+\infty)$?
|
0
|
Float
|
Mathematics
|
University
| 6
|
1180423
|
Snug-As-A-Bug Blankets has the following inventory data:
July 1 Beginning inventory 15 units at $60
5 Purchases 90 units at $56
14 Sale 60 units
21 Purchases 45 units at $58
30 Sale 42 units
Assuming that a perpetual inventory system is used, what is the cost of goods sold on a LIFO basis for July?
A) $5,802
B) $5,772
C) $5,796.
D) $5,916
|
C
|
Multiple Choice
|
Business
|
University
| 6
|
1434715
|
Scott Company purchased equipment for $250,000 on October 1, 2014. It is estimated that the equipment will have a useful life of 8 years and a salvage value of $50,000. Estimated production is 20,000 units and estimated working hours is 10,000. During 2014, Scott used the equipment for 900 hours and the equipment produced 1,500 units.
Compute the depreciation expense using activity-based method (working hours) for 2014.
|
$18,000
|
Integer
|
Business
|
University
| 6
|
553364
|
The cost of debt is determined by taking one of the following:
a) the historical yield on bonds times one minus the tax rate.
b) the estimated yield on new bond issues of the same risk times one minus the shareholder marginal tax rate.
c) the present value of the interest payments and principal times one minus the tax rate.
|
b
|
Multiple Choice
|
Business
|
University
| 6
|
1597454
|
In the figure below, a ball of mass M and radius R rolls smoothly from rest down a ramp and onto a circular loop of radius 0.50 m. The initial height of the ball is h= 0.38 m. At the loop bottom, the magnitude of the normal force on the ball is 2.00Mg. The ball consists of an outer spherical shell (of a certain uniform density) that is glued to a central solid sphere (of a different uniform density). The rotational inertia of the ball can be expressed in the general form I = \beta MR^{2}, but \beta is not 0.4 as for a ball with a single uniform density. Determine \beta.
|
0.52
|
Float
|
Physics
|
University
| 6
|
984282
|
The probability that a bit is flipped is $10\%$. Why is the decoding error percentage $7\%$ instead of $1-0.1\cdot0.9^6\cdot7-0.9^7 = 0.149$?
|
7%
|
Percentage
|
Mathematics
|
University
| 6
|
949216
|
Leaf has preferred stock selling for 96.0 percent of par that pays an 11.0 percent annual coupon. What would be Leaf's component cost of preferred stock?
|
11.46%
|
Percentage
|
Finance
|
University
| 6
|
1183332
|
Stock Y has a beta of 1.7 and an expected return of 18 percent. Stock Z has a beta of 0.5 and an expected return of 9 percent. For the two stocks to be correctly priced, the risk-free rate would have to be _____ percent. Round the answer to 2 decimal places.
|
5.25
|
Float
|
Finance
|
University
| 6
|
1829518
|
How many cars must be randomly selected and tested in order to estimate the mean braking distance of registered cars in the US to give a 99% confidence that the sample mean is within 2 ft of the population means? The population standard deviation is known to be 7 ft.
|
82
|
Integer
|
Mathematics
|
University
| 6
|
859954
|
Use L'Hopital's Rule to evaluate the following limit: {eq}\displaystyle\lim_{x\rightarrow 0} \, \frac{x^3 + x - e^x - 1}{\ln(2x + 1)}
|
0
|
Integer
|
Mathematics
|
University
| 6
|
652770
|
Ghost Rider Corporation has bonds on the market with 15 years to maturity, a YTM of 8 percent, and a current price of $941. What must the coupon rate be on the company's bonds?
|
7.31%
|
Percentage
|
Finance
|
University
| 6
|
1406001
|
Which element is not a part of investment valuation?
A) Risk
B) Economic value added
C) Size of cash flows
D) Timing of cash flows
|
B
|
Multiple Choice
|
Economics
|
University
| 6
|
807276
|
How do I calculate the order of specific elements within large groups? For example, what is the order of $(4,9)$ within $\Bbb Z_{18}\times \Bbb Z_{18}$? Does knowing the order of $\Bbb Z_{18}\times \Bbb Z_{18}=324=2^2. 9^2$ mean that the order of $(4,9)$ in this group must be $2$?
|
18
|
Integer
|
Mathematics
|
University
| 6
|
673790
|
In the household production model, the income effect resulting from a decrease in the wage will cause the quantity of labor supplied in the paid labor market to:
A. increase.
B. decrease.
C. remain the same.
D. change in an unpredictable manner.
|
B
|
Multiple Choice
|
Economics
|
University
| 6
|
469969
|
The principle that a firm should produce up to the point where the marginal revenue from the sale of an extra unit of output is equal to the marginal cost of producing the extra unit is known as the:
a. break-even rule
b. shut down rule
c. output maximization rule
d. profit maximization rule
e. utility maximization rule
|
d
|
Multiple Choice
|
Economics
|
University
| 6
|
1860681
|
Compute f'(e) where f(x) = x^x.
|
2e^e
|
Expression
|
Mathematics
|
University
| 6
|
2028936
|
Dole Industries had the following inventory transactions occur during 2012:
Units Cost/Unit
Feb.1, 2012 Purchase 54 $90
Mar. 14, 2012 Purchase 93 $94
May 1, 2012 Purchase 66 $98
The company sold 153 units at $126 each and has a tax rate of 30%.
Assuming that a periodic inventory system is used, and operating expenses of $2,000, what is the company's after-tax income using LIFO?
a. $2,632
b. $3,242
c. $2,162
d. $1,842
|
d
|
Multiple Choice
|
Business
|
University
| 6
|
972212
|
Find the value a > 0 such that the tangent line to the graph of f(x)= 2x^2e^{-x} at x = a passes through the origin.
|
a=1
|
Integer
|
Mathematics
|
University
| 6
|
1556497
|
Suppose you know that a company's stock currently sells for $65.70 per share and the required return on the stock is 9 percent. You also know that the total return on the stock is evenly divided between capital gains yield and dividend yield. If it's the company's policy to always maintain a constant growth rate in its dividends, what is the current dividend per share?
|
$2.83
|
Float
|
Finance
|
University
| 6
|
1732060
|
A medical researcher wants to determine, if the average hospital stay after a certain procedure is less than 13.96 days.
The hypotheses for this scenario are as follows:
Null Hypothesis: mu greater than or equal to 13.96.
Alternative Hypothesis: mu < 13.96.
If the researcher randomly samples 23 patients that underwent the procedure and determines their average hospital stay was 15.21 days with a standard deviation of 6.774 days, what is the test statistic and p- value of this test?
a. Test Statistic: -0.885, P-Value: 0.807
b. Test Statistic: -0.885, P-Value: 0.1929
c. Test Statistic: 0.885, P-Value: 1.6142
d. Test Statistic: 0.885, P-Value: 0.1929
e. Test Statistic: 0.885, P-Value: 0.8071
|
d
|
Multiple Choice
|
Health
|
University
| 6
|
1450397
|
Find the Riemann sum for f(x) = x^2 + 3x over the interval [0, 8] , where x0 = 0, x1 = 1, x2 = 2, x3 = 5, and x4 = 8, and where c1 = 1, c2 = 2, c3 = 4, and c4 = 8.
|
362
|
Integer
|
Mathematics
|
University
| 6
|
477733
|
Which of the following captures the specific actions that leaders take to influence others at work?
A. Leader styles and behaviors
B. Leader cultural values
C. Leader personality
D. Leader influence and negotiation
E. Leader power
|
A
|
Multiple Choice
|
Business
|
University
| 6
|
807979
|
{eq}\lim_{x \rightarrow 0+} (\tan3x)^x
|
1
|
Integer
|
Mathematics
|
University
| 6
|
777432
|
In a Keynesian framework, using an AD/AS diagram, which of the following government policy choices offer a possible solution to inflation?
a. a tax increase on consumer income
b. a surge in military spending
c. a reduction in taxes for businesses that increase investment
d. major reduction in what the U.S. government spends on health care outlay
|
a
|
Multiple Choice
|
Economics
|
University
| 6
|
999717
|
A company reports the following information regarding its inventory.
Beginning inventory: cost is $80,000; retail is $130,000
Net purchases: cost is $65,000; retail is $120,000
Sales at retail: $145,000
The year-end inventory shows $135,000 worth of merchandise available at retail prices.
What is the cost of the ending inventory calculated using the retail inventory method?
|
$78,300
|
Integer
|
Business
|
University
| 6
|
151828
|
I need to calculate the curve integral $\int_{l:|x|+|y|=a}xyds$.
|
0
|
Integer
|
Mathematics
|
University
| 6
|
1118714
|
In the income-expenditure model an increase in the marginal propensity to consume from 0.42 to 0.78 will cause:
a. the ZZ line (representing the aggregate demand function) to become flatter and a given change in autonomous consumption ({eq}c_0
{/eq}) to have a smaller effect on output
b. the ZZ line to become steeper and a given change in autonomous consumption ({eq}c_0
{/eq}) to have a larger effect on output
c. the ZZ line to become flatter and a given change in autonomous consumption ({eq}c_0
{/eq}) to have a larger effect on output
d. the ZZ line to become steeper and a given change in autonomous consumption ({eq}c_0
{/eq}) to have no effect on output
|
b
|
Multiple Choice
|
Economics
|
University
| 6
|
321242
|
How was the probability 0.713, that a sample from $θ_A$ is bigger than a sample from $θ_B$, calculated given that $θ_A$ has a $beta(91, 11)$ distribution and $θ_B$ has a $beta(3, 1)$ distribution?
|
0.713
|
Float
|
Mathematics
|
University
| 6
|
1700996
|
Use Euclidean algorithm to compute the multiplicative inverse $s = r^{-1}\bmod (p − 1)(q − 1)$, where $r = 89$ and $p = 173$, $q = 103$. I've found the equation for the multiplicative inverse ($89x + 17544y = 1$) and some GCD: $\gcd(17544, 89)= 11 (197×89 +11) $ $11=17544-197×89$ $\gcd(89, 11)= 1 (8×11+1)$ $1= 89 -8×11$ $1=89-8×11 \implies 1= ?$ That is the part I'm confused about. I'm not sure with what I should substitute it with.
|
1577
|
Integer
|
Mathematics
|
University
| 6
|
1413963
|
The critical success factors in a Competitive Profile Matrix and EFE Matrix include
A) internal but not external issues.
B) external but not internal issues.
C) both internal and external issues.
D) neither internal nor external issues.
E) only non-quantifiable data.
|
C
|
Multiple Choice
|
Business
|
University
| 6
|
591307
|
An effective interest rate is:
a. The stated annual interest rate of a loan which does not account for compounding.
b. The actual interest rate earned or charged which is affected by the number of compounding periods.
c. The frequency of compounding for any given interest level and time period.
d. None of the above.
|
b
|
Multiple Choice
|
Business
|
University
| 6
|
1126875
|
Which of the following equations best represents the reporting shown in a statement of partnership equity?
a) Beginning Balance of Partner Capital + Capital Additions + Net Income Partner Withdrawals = Ending Balance of Partner Capital.
b) Partner Withdrawals - Net Income - Partner Deficiency = Ending Balance of Partner Capital.
c) Beginning Balance of Partner Capital - Capital Additions - Net Income - Partner Withdrawals = Ending Balance of Partner Capital.
d) Ending Balance of Partner Capital + Capital Additions - Partner Withdrawals = Partnership Net Income.
|
a
|
Multiple Choice
|
Business
|
University
| 6
|
226192
|
On 1 January 2008, Elegant Fragrances Company issued $1 million worth of five-year bonds with annual interest payments of $55,000 paid each 31 December. The market interest rate is 6.0 percent.
Using the effective interest rate method of amortizing, Elegant Fragrances is most likely to record?
a. interest expense of $55,000 on its 2008 income statement.
b. a liability of $982,674 on the 31 December 2008 balance sheet.
c. a $58,736 cash outflow from operating activity on the 2008 statement of cash flows.
|
b
|
Multiple Choice
|
Business
|
University
| 6
|
1137282
|
An experimental drug has been found to be effective in treating 45% of the people afflicted by a certain disease. The drug is administered to 920 people who have this disease. What is the probability that the drug is effective for 250 people or less?
|
0
|
Float
|
Mathematics
|
University
| 6
|
351792
|
Which of the following databases provides end-of-day daily prices and historical prices for U.S. Corporate, Treasury and Agency bonds and non-U.S. Corporate and Government bonds and covers over 80,000 issues daily?
A. FactSet Prices & Derived Analytics
B. SIX Telekurs Prices & Derived Analytics
C. TRACE Prices & Derived Analytics
|
A
|
Multiple Choice
|
Business
|
University
| 6
|
1093070
|
If I have a function f = $\mathrm( 2X^TXU)$. Where X and U are both matrices. I want to take the derivative of f w.r.t U. The closest I can find in the matrix cookbook is (113) but that's the opposite case where I have U^T * U * X and am taking derivative w.r.t X. What is the appropriate course of action in this case?
|
2X^TX
|
Matrix
|
Mathematics
|
University
| 6
|
1766197
|
A company purchased a computer on July 1, 2017, for $50,000. The estimated useful life of the computer was five years, and it has no residual value. Which of the following methods should be used to best match its expense against the revenue it produces?
a. The units-of-production method.
b. The straight-line method.
c. The double-declining-balance method.
d. The first-in, first-out method.
|
b
|
Multiple Choice
|
Business
|
University
| 6
|
229489
|
For a cash flow in which the payment period and the compounding period are not the same, which of the following methods can be applied?
A. convert the non-standard cash flow into a geometric gradient series
B. convert the non-standard cash flow into a standard by changing the compounding period
C. convert the non-standard cash flow into a standard arithmetic gradient series
D. convert the non-standard cash flow into a standard by changing the interest rate
E. treat each payment in the cash flow as constant
|
B
|
Multiple Choice
|
Finance
|
University
| 6
|
2070549
|
Uniform Supply accepted a $9,000, 90-day, 8% note from Tracy Janitorial on October 17. If the note is dishonored, but Uniform Supply intends to continue collection efforts, what entry should Uniform Supply make on January 15 of the next year? (Assume no reversing entries are made.) (Use 360 days a year.)
a. Debit Cash $9,180; credit Interest Revenue $30; credit Interest Receivable $150, credit Notes Receivable $9,000.
b. Debit Notes Receivable $9,000; debit Interest Receivable $180; credit Sales $9,180.
c. Debit Accounts Receivable $9,180; credit Interest Revenue $30; credit Interest Receivable $150, credit Notes Receivable $9,000.
d. Debit Cash $9,180; credit Notes Receivable $9,180.
e. Debit Cash $9,180; credit Interest Revenue $150; credit Interest Receivable $30, credit Notes Receivable $9,000.
|
c
|
Multiple Choice
|
Business
|
University
| 6
|
573703
|
Premium Corp. has two service departments whose direct department costs are $75,000 and $10,000, respectively, and two producing departments whose direct department costs are $60,000 and $250,000, respectively. What are the combined total department costs for the producing departments after allocating the service department costs?
|
$395,000
|
Integer
|
Business
|
University
| 6
|
931492
|
An investor would be most concerned with which category of ratios?
a. Liquidity ratios
b. Profitability ratios
c. Debt management ratios
d. Asset management ratios.
|
b
|
Multiple Choice
|
Business
|
University
| 6
|
1574553
|
Suppose that an economy begins in long-run equilibrium before the price level and real GDP both decline simultaneously. If those changes were caused by only one curve shifting, then those changes are best explained as the result of:
a. The AD curve shifting right.
b. The AS curve shifting right.
c. The AD curve shifting left.
d. The AS curve shifting left.
|
c
|
Multiple Choice
|
Economics
|
University
| 6
|
935841
|
Brad and Angelina are a wealthy couple who have three children, Fred, Bridget, and Lisa. Two of the three children, Fred and Bridget, are from Brad's previous marriages. On Christmas this year, Brad gave each of the three children a cash gift of $9,500, and Angelina gave Lisa an additional cash gift of $47,000. Brad also gave stock worth $66,000 (adjusted basis of $16,500) to the Actor's Guild (an "A" charity)
a. Brad and Angelina have chosen to split gifts. Calculate Brad's gift tax. Assume that Angelina has no previous taxable gifts, but Brad reported previous taxable gifts of $2 million in 2009 when he used $345,800 of unified credit and paid $435,000 of gift taxes.
What is Brad's gift tax?
|
0
|
Integer
|
Economics
|
University
| 6
|
1920945
|
On January 1, Applied Technologies Corporation (ATC) issued $660,000 in bonds that mature in 10 years. The bonds have a stated interest rate of 8 percent. When the bonds were issued, the market interest rate was 8 percent. The bonds pay interest once per year on December 31.
Determine the price at which the bonds were issued and the amount that ATC received at issuance.
|
$660,000
|
Integer
|
Business
|
University
| 6
|
530404
|
Merchandise was returned to a supplier. The goods were previously purchased on account. The goods had not been paid for and there were no discounts. Assuming a periodic system, what journal entry is needed by the purchaser to record the return?
A. Debit accounts payable, and credit inventory
B. Debit accounts payable, and credit purchase returns and allowances
C. Debit accounts payable, and credit purchases
D. Debit accounts payable and credit purchase discounts
|
B
|
Multiple Choice
|
Business
|
University
| 6
|
1636251
|
Xavier Industries' common stock sells for $47.50. Xavier recently paid a $2.25 dividend to its common shareholders. The company's stockholders require a 16% rate of return. Find Xavier's dividend growth rate.
|
10.75%
|
Percentage
|
Mathematics
|
University
| 6
|
124287
|
Buckette Co. owned 60% of Shuvelle Corp. and 40% of Tayle Corp., and Shuvelle owned 35% of Tayle.
When Buckette prepared consolidated financial statements, it should include
A. Shuvelle but not Tayle.
B. Tayle but not Shuvelle.
C. either Shuvelle or Tayle.
D. Shuvelle and Tayle.
E. neither Shuvelle nor Tayle.
|
D
|
Multiple Choice
|
Business
|
University
| 6
|
300703
|
Watkins, Inc. paid $48,000 to buy back 9,000 shares of its $1 par value common stock. This stock was sold later at a selling price of $6 per share. The entry to record the sale includes a:
a. credit to Paid-in Capital from Treasury Stock for $6,000.
b. credit to Common Stock for $6,000.
c. debit to Retained Earnings for $48,000.
d. debit to Paid-in Capital from Treasury Stock for $45,000.
|
a
|
Multiple Choice
|
Business
|
University
| 6
|
1307295
|
Which of the following are associated with a restrictive short-term financial policy?
I. large investments in marketable securities
II. liberal credit terms for customers
III. minimal cash balances
IV. minimal credit sales
A. I and III only
B. II and IV only
C. III and IV only
D. I, II and III only
|
C
|
Multiple Choice
|
Finance
|
University
| 6
|
1982398
|
How do you find the limit of (x ^ 3)(e ^ (-x ^ 2)) as x approaches infinity?
|
0
|
Integer
|
Mathematics
|
University
| 6
|
1014887
|
How would I break $d\vec{s}$ into components such that I can compute $\int_C \vec{F} \cdot d\vec{s}$ with $\vec{F} = A_0(x\hat{y} - y\hat{x})$ along a circular path, counterclockwise, about the origin with radius 4, and end up integrating with respect to $\theta$?
|
$32\pi A_0$
|
Expression
|
Mathematics
|
University
| 6
|
1451132
|
Vree, Inc. has a net working capital of $60 million, current liabilities of $40 million, and inventories of $20 million. The current ratio is __________ and the quick ratio is __________.
a. 1.50 times; 1.00 times.
b. 1.50 times; 2.00 times.
c. 2.50 times; 1.00 times.
d. 2.50 times; 2.00 times.
|
d
|
Multiple Choice
|
Business
|
University
| 6
|
584307
|
If a car is serviced on 30 May and an invoice is issued, the owner picks up the car on 31 May, the owner sends a cheque to the servicing firm on 4 June, and the firm banks the cheque on 7 June, income is recognized by the servicing firm on:
a. 30 May
b. 31 May
c. 4 June
d. 7 June
e. none of the above
|
a
|
Multiple Choice
|
Business
|
University
| 6
|
965161
|
You own a portfolio equally invested in a risk-free asset and two stocks.
One of the stocks has a beta of 1.15 and the total portfolio is equally as risky as the market.
What must the beta be for the other stock in your portfolio?
|
1.85
|
Float
|
Finance
|
University
| 6
|
340928
|
Foreign outsourcing and offshoring locations tend to be defined by all of the following except _____ .
A) the relative labor costs
B) the transportation costs involved
C) how automated a production process can be made
D) centralized value-chain activities
|
D
|
Multiple Choice
|
Economics
|
University
| 6
|
2089515
|
Find the work done by the force F = xyi + (y - x)j over the straight line from (0, 0) to (1, -3).
The amount of work done is.
(Type an integer or a simplified fraction.)
|
5
|
Integer
|
Physics
|
University
| 6
|
1220474
|
Goods x1 and x2 are gross complements,
a. Only if u(x1, x2) = min{x1, x2}
b. If the derivative of the demand of x1 with respect to p2 is positive.
c. If the derivative of the demand of x1 with respect to p2 is negative.
d. If the derivative of the demand of x1 with respect to p1 is positive.
e. If the derivative of the demand of x1 with respect to p1 is negative.
|
c
|
Multiple Choice
|
Economics
|
University
| 6
|
1334846
|
The upward-sloping segment of the LRAC curve corresponds to:
A. economies of scale.
B. decreasing returns to scale.
C. decreasing average fixed cost.
D. Only A and B.
E. Only A and C.
|
B
|
Multiple Choice
|
Economics
|
University
| 6
|
1477871
|
A diffraction grating has {eq}2550 \, \mathrm{rulings/cm}
{/eq}. On a screen {eq}3.00 \, \mathrm{m}
{/eq} from the grating, it is found that for a particular order {eq}m
{/eq}, the maxima corresponding to two closely spaced wavelengths of sodium ({eq}589.0 \, \mathrm{nm}
{/eq} and {eq}589.6 \, \mathrm{nm}
{/eq}) are separated by {eq}1.94 \, \mathrm{mm}
{/eq}. Determine the value of {eq}m
{/eq}.
|
4
|
Integer
|
Physics
|
University
| 6
|
1037681
|
Select the correct answer. Which of the following processes does not occur in the life cycle of a virulent bacteriophage?
a. An enzyme assembles head units and tail units into a complete bacteriophage.
b. A bacteriophage injects its DNA into a host cell.
c. The host cell lyses and new phages are released.
d. Bacterial DNA is broken down by an enzyme produced by the virus.
e. Virus DNA is replicated in the bacterial cell.
|
d
|
Multiple Choice
|
Biology
|
University
| 6
|
38617
|
The quick ratio differs from the current ratio in that:
a. represents the amount of cash on hand instead of the total current assetsb. excludes inventories and accounts receivable from the numerator of the fraction because of obsolescence and possible collection problemsc. is a stricter measure of a company's ability to pay its current obligationsd. signals the need to liquidate short-term investments when it drops below 2.0
|
c
|
Multiple Choice
|
Business
|
University
| 6
|
1297211
|
Suppose that the latest Consumer Price Index (CPI) release shows a higher inflation rate in the U.S. than was expected. Everything else held constant, the release of the CPI report would immediately cause the demand for U.S. assets to __________ and the U.S. dollar would __________.
A) increase; appreciate
B) increase; depreciate
C) decrease; appreciate
D) decrease; depreciate
|
D
|
Multiple Choice
|
Economics
|
University
| 6
|
570629
|
Gontier Corporation stock currently sells for $64.48 per share. The market requires a return of 9 percent on the firm's stock. If the company maintains a constant 4.5 percent growth rate in dividends, what was the most recent dividend per share paid on the stock?
|
$2.78
|
Float
|
Finance
|
University
| 6
|
147208
|
P Company is considering the acquisition of S Inc. To assess the amount it might be willing to pay, P makes the following computations and assumptions:
A. S Inc. has identifiable assets with a total fair value of $8,000,000 and liabilities of $5,300,000. The assets include office equipment with a fair value approximating book value, buildings with a fair value 30% higher than book value, and land with a fair value 60% higher than book value. The remaining lives of the assets are deemed to be approximately equal to those used by Barkley, Inc.
B. S Inc.'s pretax incomes for the years 2010 through 2012 were $700,000, $900,000, and $550,000, respectively. P believes that an average of these earnings represents a fair estimate of annual earnings for the indefinite future. However, it may need to consider adjustments for the following items included in pretax earnings:
Depreciation on Buildings (each year) 580,000
Depreciation on Equipment (each year) 30,000
Extraordinary Loss (year 2012) 200,000
Salary expense (each year) 150,000
C. The normal rate of return on net assets for the industry is 20%.
Required:
Assume that P feels that it must earn a 15% return on its investment, and that goodwill is determined by capitalizing excess earnings. Based on these assumptions, calculate a reasonable offering price for S, Inc.
a. $3,184,000
b. $3,183,000
c. $3,185,447
d. $3,183,447
e. None of the above is correct!
|
E
|
Multiple Choice
|
Business
|
University
| 6
|
1254232
|
From the following types of risks:
A. Damage to reputation
B. Information technology (IT)
C. Credit
D. Competition
E. Capital investment and/or shareholder requirements.
Of the above risks, the following are Strategic Risks:
a. B, D, and E
b. A, D, and E
c. B, C, and D
d. A, B, C, D, and E
|
b
|
Multiple Choice
|
Business
|
University
| 6
|
1641220
|
Under Stage III, when various units of the company optimize their sales and profits without regard to the overall corporation, the organization may be experiencing a
A) crisis of leadership.
B) crisis of control.
C) crisis of autonomy.
D) crisis of decentralization.
E) crisis of empowerment.
|
B
|
Multiple Choice
|
Business
|
University
| 6
|
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