Category Archives: Homework Help

The trial balance of YTP Supplies Pte Ltd (“YTP”) was given as at 31

The trial balance of YTP Supplies Pte Ltd (“YTP”) was given as at 31 December 20X6:     Debit    Credit Account title                                        … Continue reading

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A recent national survey found that high school students watched

A recent national survey found that high school students watched an average of 6.8 videos per month, with a standard deviation of 0.5. A random sample of 36 college students revealed that the mean number of videos watched last month … Continue reading

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You are the administrator of Kaiserin Temporare clinic and you are paid

You are the administrator of Kaiserin Temporare clinic and you are paid a per-visit amount of $30. Assuming your supply curve is the normally upsloping to the right one you remember from your health economics class. Select one of the … Continue reading

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Walker Machine Tools has 7.2 million shares of common stock outstanding

Walker Machine Tools has 7.2 million shares of common stock outstanding. The current market price of Walker common stock is $86 per share rights-on. The company’s net income this year is $26.00 million. A rights offering has been announced in … Continue reading

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Mr. and Mrs. Anderson own three shares of Magic Tricks Corporation’s

Mr. and Mrs. Anderson own three shares of Magic Tricks Corporation’s common stock. The market value of the stock is $72. The Andersons also have $60 in cash. They have just received word of a rights offering. One new share … Continue reading

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The table above has some cost data for a perfectly competitive firm

The table above has some cost data for a perfectly competitive firm. Assume that only whole quantities of the good can be produced. q FC VC TC MC AVC ATC 0 N/A N/A N/A 1 17 2 13 3 74 … Continue reading

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The management of Mitchell Labs decided to go private in 2002 by buying

The management of Mitchell Labs decided to go private in 2002 by buying all 3.50 million of its outstanding shares at $18.40 per share. By 2006, management had restructured the company by selling off the petroleum research division for $13.50 … Continue reading

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A new automated production process averages 1.5 breakdowns per day

A new automated production process averages 1.5 breakdowns per day. Because of the cost associated with a breakdown, management is concerned about the possibility of having three or more breakdowns during a day. Assume that breakdowns occur randomly, that the … Continue reading

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According to a 2008 survey by the Pew Research Center, two out of three

According to a 2008 survey by the Pew Research Center, two out of three Americans aged between 18 and 29 years use social networking web sites such as MySpace and Facebook. Interestingly, 27% of the two hundred and twenty-five 18-29 … Continue reading

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A city built a new parking garage in a business district

A city built a new parking garage in a business district. For a random sample of 100 days, daily fees collected averaged $2,500, with a standard deviation of $500. Construct a 90% confidence interval estimate of the mean daily income … Continue reading

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