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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Chapter 12 ********** 22‚ 32‚ 40 Evan Lee Turner #22 Random samples of five were selected from each of three populations. The sum of squares total was 100. The sum of squares due to the treatments was 40. a. Set up the null hypothesis and the alternate hypothesis. b. What is the decision rule? Use the .05 significance level. c. Complete the ANOVA table. What is the value of F? d. What is your decision regarding the null hypothesis?
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A-3 (Coverage ratio) The firm in the two preceding problems also had $6 million of principal repayments during the latest 12 months. Its marginal tax rate is 40%. Calculate the debt service coverage ratio. Debt-Service Coverage Ratio = (EBIT + 1/3 Rentals) / (Interest Expense + 1/3 Rentals + Principal Repayments / (1 - T)) = ($30 + $15 / 3) / ($10 + $15 / 3 + $6 / (1 - 0.40)) = 1.40 A-4 (WACC with rebalancing) Nathan’s Catering is a gourmet catering service located in Southampton‚ New York
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Running head: COMPREHENSIVE PROBLEM: SUN MICROSYSTEMS Comprehensive Problem: Sun Microsystems A complete analysis conducted on the financial statements and status of Sun Microsystems exposed key issues determined to be of great import to shareholders. After examining the research findings and analysis‚ it seems that Sun Microsystems finances have not maintained a steady incline. In fact‚ it had definitely experienced some highs and lows in its return on investment and stockholders’ equity
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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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Comprehensive Problem: Sun Microsystems A complete analysis was conducted on the financial statements and status of Sun Microsystems. After examining the research findings and analysis it is fair to say that evidence determines that Sun Microsystems finances has not been on a steady incline. In fact‚ it had definitely experienced some highs and lows in its return on investment and stockholders ’ equity over a four- year evaluation from the duration of 1998 through 2001. In order to get a concise
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9.2) A company is using a carrier to deliver goods to a major customer. The annual demand is $2‚500‚000‚ and the average transit time is 10 days. Another carrier promises to deliver in 7 days. What is the reduction in transit inventory? I = tA=(10 – 7 ) 2‚500‚000=$7‚500‚000=$20‚547.90 365365 365 9.4) A florist carries an average inventory of $12‚000 in cut flowers. The flowers require special storage and are highly perishable. The florist’s estimates capital costs at 10%‚ storage
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OPIM Assignment 4 1. Cu = 24-11 = $13 Co = 11-7 = $4 Critical ratio = 13/(13+4) = 0.7647 μ = 30‚000 σ = 10‚000 Using normal distribution function (=norminv(0.7647‚30000‚10000))‚ the optimum order quantity is 37‚216 jerseys to maximize profit. 2. Quantity = 32‚000 First‚ we normalize the order quantity to find the z-statistic z=Q-μσ=32‚000-25‚00010‚000=0.7 We then look up the standard normal loss function. The expected lost sale is given by. Lz=0.1429 Therefore‚ the expected lost
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A COMPREHENSIVE ACCOUNTING CYCLE PROBLEM On December 1‚ 2009‚ John and Patty Driver formed a corporation called JP Equipment Rentals Co. The new corporation was able to begin operations immediately by purchasing the assets and taking over the location of Rent-It‚ an equipment rental company that was going out of business. The newly formed company uses the following accounts: |Cash |Income Taxes Payable
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