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forecasts revenues

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Question

The owner of a bicycle repair shop forecasts revenues of $228,000 a year.

Variable costs will be $67,000, and rental costs for the shop are $47,000 a year. Depreciation on the repair tools will be $27,000. Prepare an income statement for the shop based on these estimates. The tax rate is 30%.

 
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Sociologists

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Question

Sociologists say that 80% of married

women claim that their husband’s mother is the biggest bone of contention in their marriages (sex and money are lower-rated areas of contention). Suppose that eleven married women are having coffee together one morning. Find the following probabilities. (Round your answers to three decimal places.)

(a) All of them dislike their mother-in-law. 

(b) None of them dislike their mother-in-law. 

(c) At least nine of them dislike their mother-in-law. 

(d) No more than eight of them dislike their mother-in-law. 

 
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Men and women may be paid different wages under the Equal Pay Act when

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Question

Men and women may be paid different wages under the Equal Pay Act when ____. style=”color:rgb(0,0,0);background-color:transparent;”> A. payment is made pursuant to a seniority system B. payment is made pursuant to a merit system C. payment is made pursuant to a system which measures earnings by quantity or quality of production D. payment is made pursuant to a seniority system, when payment is made pursuant to a merit system, and when payment is made pursuant to a system that measures earnings by quantity or quality of production E. payment is made pursuant to seniority system or when payment is made pursuant to a merit system, but not when payment is made pursuant to a system that measures earnings by quantity or quality of production

 
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Presidential Profits

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Question

Presidential Profits. Linda was president of a publicly traded tractor company, Tough Tractors. Linda became aware

that stock in her company would likely increase significantly in value because her company had a contract to purchase the assets of Rough Tractors. The boards of both companies wanted the information kept confidential until the purchase was completes and a news release was made. Before the news was made public, Linda immediately purchased a significant number of shares in Tough Tractors. Linda also told her friend Frank about the contract to purchase assets. Frank, who knew that the information was not public, told his brother, George. Frank and George purchased a number of shares of stock in Tough Tractors prior to any public announcement of the sale. After the public announce was made and the purchase of assets went through, Linda, George and Frank, all sold their shares in Tough Tractors and made a nice profit. For which of the following is George liable?

A. His own profits and also the profits of Frank.

B. His own profits and also the profits of both Frank and Linda.

C. His own profits regardless of whether he knew he was trading in information that had not been made public.

D. Only his own profits and those of Linda.

E. Only his own profits and then only if it can be shown that he knew or should have known that the material information was not public.

 
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