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Business Math

Determine using Maximax & Maximin

Brooke Bentley, a business administration student, is deciding which MS course to take-I, II, or III. Fulton, Ray, and Scott are the 3 management science professors. Brooke does not know who will teach yet but can expect a different grade in each course, depending on who teaches it next quarter, as shown in the following payo

Calculating Cost of Goods Sold and Net Income

Selected account balances of Heedy Manufacturing Company appear below for 2005: Beginning of Year End of year Finished Goods Inventory 20000 26000 Work in Process Inventory 30000 35000 Raw Materials Inventory 46000 26000 Sales 340000 Direct Labor

Calculating fair value of a coupon paying bond

A firm has an issue of $1,000 par value bonds with a 9% stated interest rate outstanding. The issue pays interest annually and has 20 years remaining to its maturity date. If bonds of similar risk are currently earning 11% the firms bond will sell for _________ today. A. $840.67 B. $1,000.00 C. $1,123.33 D. $716.67

Finding a bond's current price and yield

Coupon Maturity Last Price Last Yield Spread EST VOL UST (000s) 11.0 7/31/09 65.50 ? 104 10 5,100 Assuming this bond's face value is $1,000. What is the bond's curr

Calculating rate of return..

Last year Mike bought 100 shares of a common stock at $53 a share. During the year he received dividends of $1.45 a share. The stock is currently selling for $60 per share. What rate of return did Mike earn over the year.

Statistical Choices Worksheet and SPSS or Excel Analysis

1 Assignment: Statistical Choices Worksheet â?¢ Resources: Statistical Choices Worksheet & Figures 39.1 and 39.2 zip file â?¢ Complete the Statistical Choices Worksheet to determine the correct descriptive and inferential statistics to use. If there is missing information that you need in order to make a choice, state

Comparison Line Graph for Sales and Profits

Suppose Joe Mauer of the Minnesota Twins had 17 hits in 50 times at bat, and Freddy Sanchez of the Pittsburgh Pirates was at bat 450 times and got 153 hits. Paul is trying to convince Jamie that the two men hit equally well. Show how you could use a proportion and cross products to see whether Paul is correct. This comparison

Annuity Employed

Katrina Washington is currently employed as a computer programmer by Megatel Company. Her dream is to start her own computer software firm. to provide cash to state her own business in six yers she will invest $10,000 today. She thinks the investment will earn a 12% annual return. a. How much would Katrina have in her acco

What balance will he have in this account on his 65th birthday?

Today is Gary's 40th birthday. Thinking about retirement for the first time he wants to supplement his expeted retirement pension, so he deposits $10,000 in an investment account guranteed to return him 6% interest annually. What balance will he have in this account on his 65th birthday? How much interest will he earn between

Income Statement Help

Brandywine Homecare, a not-for-profit business, had revenues of $12 million in 2007. Expenses other than depreciation totaled 75 percent of revenues, and depreciation expense was $1.5 million. All revenues were collected in cash during the year and all expenses other than depreciation were paid in cash. 1. Construct Bra

Healthcare Administration

Which of the tools for decision making (quantitative methods, qualitative methods, and triangulation methods) should be used in developing operating procedures? Justify and explain your response.

Annual rice yield in pounds and number of acres to be planted

The annual rice yield (in pounds), is given by the equation y-hat = 859 + 5.76a + 3.82b, where 'a' is the number of acres planted (in thousands), and 'b' is the number of acres harvested (in thousands). Predict the annual rice yield (in pounds) when the number of acres planted is 3275 (in thousands) and the number of acres harv

The probability is 1 in 4,000,000 that a single auto trip in

The probability is 1 in 4,000,000 that a single auto trip in the United States will result in a fatality. Over a lifetime, an average U.S. driver takes 50,000 trips. (a) What is the probability of a fatal accident over a lifetime? Show steps of formula calculations.

Probability of Two Independent Alternators will Fail

What are the steps to show the probability that a given alternator will fail on a 1-hour flight is .02? What is the probability that (a) two independent alternators will fail? (b) Neither will fail? (c) One or the other will fail?

Statistics: MLB - Salaries vs number of wins

I need assistance with locating four scholarly articles, summarizing them and discussing the significance and relation to the question â??Is there a correlation between the playerâ??s salaries and the number of winsâ? for each article.

Please help me with these Financial Accounting questions

Classic Irons, Inc. purchased Manufacturing Equipment with an expected useful life of five years of 5,000 hours of usage. The equipment was purchased on Jan. 1, 2008, for $460,000. It is expected to have a salvage value of $60,000 at the end of five years. During 2008, the equipment was used for 1,200 hours. Assume that usage fo

QM for windows or excel format of following problem

The Westfall Company has a contract to produce 10,000 garden hoses for a large discount chain. Westfall has four different machines that can produce this kind of hose. Because these machines are from different manufacturers and use differing technologies, their specifications are not the same. Machine Fixed Cost 2 Set Up

Financial question

1. Stock. What is the value of a stock with a a. $2 dividend just paid and an 8% required return with 0% growth? b. $3 dividend just paid and a 9% required return with 1% growth? c. $4 dividend to be paid and a 10% required return with 2% growth? d. $5 dividend to be paid and a 11% required return with 3% growth?

Accounting: Current Asset, Depreciation and depletion

1) Anna is studying the annual reports of three different companies that her accounting group will use for its term project. She sees that two of the companies have made investments in the common stock of Ebay, Inc. What concerns her is that one company has reported the investment as a current asset, while the other company has

calculating overtime wage

Complete the following time card for Janice Anderson She earns time and half overtime when she works more than eight hours on a weekday or on Saturday .She earns double time on Sundays and holidays, Calculate Janice net pay if she ears 9.75 per hour, is married and claim one withholding allowance. Janice weekly tim

Sampling to test the reasonableness of the recorded book value

You decide to use statistical sampling to test the reasonableness of the recorded book value of the Key West Company's accounts receivable. Because the company's internal control procedures over accounts receivable have been evaluated by you as excellent and you believe few misstatements will be found, you decide to use probabil

Compute the optimal daily production schedule and daily profit for Ocean Juice.

Ocean Juice produces both a cranberry juice cocktail and a raspberry-cranberry blend. Each day Ocean Juice can receive up to 1000 gallons of a raspberry concentrate that costs $2.00 per gallon and up to 4000 gallons of a cranberry concentrated that costs $1.20 per gallon. Purified water, which is in unlimited supply, costs Ocean

Lump Sum Required

Can a $100,000 take care of retirement if I Choose the retirement amount and my retirement age (55) and using a discount rate of 6% will the $100,000 get me there? How big of a lump sum would I need? What are some other options to supplement the lump sum to get to me to choose my retirement savings amount?

Quantitative Analysis

Color View is a manufacturer of color monitors for personal computers. The company uses the EOQ model with gradual replenishment to determine the production lot sizes for its various models. Color View's newest monitor is the X-435 model. The company expects sales of this model to run at the rate of 6,000 per year for awhile. Th

Break-even and profit point: Example problems

To produce x number of units of glass vases cost C(x)=12x + 39. My revenue is R(x)=25x. Both cost and revenue and cost are in dollars. At what quantity would I break even; how many units will produce a profit of 130 dollars; what would be the profit gained from selling 250 units?

Statistical sampling benefits

What are some benefits of an auditor using statistical sampling? What are some examples of statistical sampling? Does anyone have any experience they are willing to share with the class on statistical sampling?