Week 4 Homework Solutions: Problem Set 4 1. Determining Profit or Loss from an Investment. Three years ago‚ you purchased 150 shares of IBM stock for $88 a share. Today‚ you sold your IBM stock for $103 a share. For this problem‚ ignore commissions that would be charged to buy and sell your IBM shares. a. What is the amount of profit you earned on each share of IBM stock? The profit on each share of IBM stock was $15. $103 priced when each share was sold‚ $88 priced when each
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Me1 Problem Set #2 The US College Enrollment and the “Third Law of Demand” A theorem proposed by Professors Alchian and Allen in their text‚ University Economics (1964) has had several rebirths of interest in the literature. The so-called “third law of demand‚” or “relative price theorem‚” holds that a fixed cost added to a good of varying quality causes the consumer to prefer the category considered of higher quality to the lower. Recently a number of studies‚ keeping this theorem in mind have
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32.00 Net income $ 48.00 a. $81.23 b. $85.50 c. $90.00 EBIT $150.00 d. $94.50 Tax Rate 40% e. $99.23 NOPAT=$90.0 2. Tibbs Inc. had the following data for the year ending 12/31/07: Net income = $300; Net operating profit after taxes (NOPAT) = $400; Total assets = $2‚500; Short-term investments = $200; Stockholders’ equity = $1‚800; Total debt = $700; and Total operating
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Answer No. 1 Production possibility curve is a particular form of curve‚ which shows the possibility of production in a particular economy (Gwartney‚ Stroup‚ Sobel‚ Macpherson p.28). In an economy‚ the resources are scarce‚ therefore‚ it is important for the economy to make sure that‚ it keeps a balance between the productions and utilizes its resources appropriately. If the production possibility curve of an economy will move outwards then‚ the long run supply curve will have a positive change
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Bunyan Lumber LLC Clear-cutting is a controversial method of forest management. To obtain the necessary permits‚ Bunyan Lumber has agreed to contribute to a conservation fund every time it harvests the lumber. If the company harvested the forest today‚ the required contribution would be $300‚000. The company has agreed that the required contribution will grow by 3.2 percent per year. When should the company harvest the forest? The options that are available to harvest are years 40‚ 45‚ 50
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Chapter 13 Problems (2‚ 9‚ 11‚ & 14) 2) Determine the coefficient of correlation and the coefficient of determination. Interpret the association between X and Y. X Y x^2 xy 5 13 25 65 3 15 9 45 6 7 36 42 3 12 9 36 4 13 16 52 4 11 16 44 6 9 36 54 8 5 64 40 39 85 211 378 r = (378) - (39)(85) / 8 = -36.375 √[211 - (39)^2 / 8] * √[983
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trending for unemployment and healthcare which is very vital to the families on my caseload as well as every American. On a weekly basis‚ I will read these different websites to gain information on current events‚ they are: (1) AmericanThinker.com‚ (2) DrudgeReport.com‚ (3) MSNMoney.com‚ and (4) MelaniePhillips.com (UK Spectator). There seems to be so many relevant issues facing American’s today that if correct decisions are not made‚ the ramifications will affect American’s for decades. References:
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file of BUS 250 Week 2 Discussion Question 1 includes: Ethical Leadership In one paragraph‚ supported by evidence in your text and from other research‚ defend whether you believe there is a connection between ethical leadership and a person’s belief system and/or values. Be specific and provide examples for your classmates’ to respond to. Respond to at least two of your classmates’ postings Deadline: ( )‚ Business - General Business Need help with Weeks 1-5 in my class: BUS 250 Corporate
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Problem Set II Problem P9 17: Jack Hammer FV (Table 1) at 11% discount rate 2.00 x .901 = $1.80 2.20 x .802 = $1.79 2.40 x .731 = $1.75 33.00 x .731 = $24.12 -------- $29.46 Problem P9 - 22: Alternative Present Values: Your rich godfather has offered you a choice of one of the three following alternatives: $10‚000 now; $2‚000 a year for eight years; or $24‚000 at the end of eight years. Solution: (first alternative)
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Economics 370 Microeconomic Theory Problem Set 6 Answer Key 1) Describe the effects on output and welfare if the government regulates a monopoly so that it may not charge a price above p‚ which lies between the unregulated monopoly price and the optimally regulate price (determined by the intersection of the firm’s marginal cost and the market demand curve). As usual‚ the monopoly determines its optimal output on the basis of MR = MC. Here‚ however‚ it cannot charge a price in excess of p*. So
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