Econ 122B Problem Set 3 Name(Print)______________________ Due in class on March 3 UCI ID____________________________ 1. In class‚ we have talked about the following simple wage equation wage female u ‚ where female is a dummy that is equal to 1 if female‚ and 0 otherwise. Given the OLS estimates ˆ and ˆ for the above model‚ what are the OLS estimates for a model with a
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Problem Set #2 Ec 370 Summer‚ 2013 Michigan State University M. Naretta 1. Another popular sport on SASN is One-out‚ Two-base baseball. In this sport there are‚ obviously‚ two bases: home and 2nd. The batter hits the ball and runs to 2nd. If he or she (it’s a co-ed sport) gets a hit‚ then the batter is on second. If it’s an out‚ then the inning is over and the other team gets to bat. Suppose that it’s a hit. Then the next batter bats with a runner on 2nd base. If that
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Lz=0.8429 Therefore‚ the expected lost sales = 10‚000 * 0.8429 = 8‚429 Expected sales = 15‚000 – 8‚429 = 6‚571 jerseys Expected leftover = 8000 – 6‚571 = 1429 jerseys Therefore‚ Nike has to sell 1‚429 on discount 5. Cu = 16-11 = $5 Co = 9-7 = $2 Critical ratio = 5/(5+2) = 0.7143 μ = 40‚000 σ = 10‚000 Using normal distribution (=norminv(0.7143‚40000‚10000))‚ the optimum order quantity is 45660 jerseys in the first order to maximize profit. 6. Cu = 0.02-0.01 = $0.01 Co = 0.01-0
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VENTURE CAPITAL VIGNETTE CASE STUDY By MTiPO: Desiree Fabunan Yee Han Kuan Svyatoslav Mishchenko Patrick Lin Ngai Lung Wenhan Zhou "The Product is Great But Nobody Is Buying" ANALYSIS TOOLS Competitive Analysis (SWOT) Include feedback from customers and potential customers Analysis of trends and demographics Compare to Sarah’s marketing strategy Approach select trusted board members for opinions Don’t involve a divided‚ dissonant board "The Product is Great But Nobody Is Buying"
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CAPITAL BUDGETING PROBLEM BMW Bike is considering building a new plant. Juan Optimist‚ the company’s marketing manager‚ is an enthusiastic supporter of the new plant. Mila Pessimist‚ the company’s chief financial officer‚ is not so sure that the plant is a good idea. Currently the company purchases its skateboards from foreign manufacturers. The following figures were estimated regarding the construction of a new plant. Cost of plant 4‚000‚000 Annual cash inflows 4‚000‚000 Annual cash
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Insurance. E. All of the above. 3. The inventory valuation method that tends to smooth out erratic changes in costs is: B A. FIFO. B. Weighted average. C. LIFO. D. Specific identification. E. WIFO 4. Generally accepted accounting principles require that the inventory of a company be reported at: C A. Market value. B. Historical cost. C. Lower of cost or market. D. Replacement cost. E. Retail value. Problem ( 60 points ) SHOW ALL WORK!!!!! A company made the
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HB 267 Cost Controls: Homework quiz Due: Thursday 10/7/14 Name ______Macie DeGraaf________________ 15 points Menu item |Number sold |Standard/budgeted portion cost | |A |580 |$4.45 | |B |285 |$6.20 | |C |600 |$4.15 | |D |200 |$6.00 | |E |475 |$5.95 | |F |320 |$7.05 | |G |545 |$6.10 | |H |200 |$6.95 | |Totals |3‚205 | | | | | | |Solve all problems for 2 decimal places (x.xx) | | | |Food sales |$57‚680.30 | | | | | | |1. Food cost $ based on standard cost figures |$17834.75 |(1 pt) | | | | | |2
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Answers Fundamentals Level – Skills Module‚ Paper F7 (INT) Financial Reporting (International) 1 (a) December 2008 Answers Pedantic Consolidated income statement for the year ended 30 September 2008 $’000 98‚000 (72‚000) ––––––– 26‚000 (3‚000) (7‚600) (500) ––––––– 14‚900 (5‚400) ––––––– 9‚500 ––––––– Revenue (85‚000 + (42‚000 x 6/12) – 8‚000 intra-group sales) Cost of sales (w (i)) Gross profit Distribution costs (2‚000 + (2‚000 x 6/12)) Administrative expenses
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One: (10 points) Tom leases a farmer’s field and grows pineapples. Tom hires students to pick and pack the pineapples. The following table sets out Tom’s total product schedule. Labor (students) Total Products (pineapples/per day) 0 0 1 100 2 220 3 300 4 360 5 400 6 420 7 430 1. Calculate the marginal product of the third student; 2. Calculate the average product of three students; 3. Over what numbers of students does marginal product increase? 4. When marginal
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Problem Sets Chapter 5 A1. (Bond valuation) A $1‚000 face value bond has a remaining maturity of 10 years and a required return of 9%. The bond’s coupon rate is 7.4%. What is the fair value of this bond? Calculating PV factor: i= required return = 9% = 0.09 n= 10 years Using Cash Flow of $1000 to calculate present value‚ Cash flow= $1000 PV factor = 1/(1+i)^n = 0.42241 PV = $1000*0.42241= 422.41 Using Coupon Rate to calculate present value of Annuity Cash flow= $1000 * 7.4/100 =
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