Jack and Jill are small business owners who run a hot dog stand licensedto operate outside a business shopping district. They have been so successfulthat they believe a second hot dog stand in the area also would be profitable.The capital expense to set it up would be $10,000 and they are consideringseveral options. Use a spreadsheet to evaluate these options by inserting(i) their receipts in column 1; (ii) expenses in column 2; (iii) change infinancial assets in column 3; and (iv) change in their debt in column 4. Statewhether they would be a surplus-budget unit or a deficit-budget unit undereach option.A.Their sales for the month turn out to be $12,000 and their expenses are$9,500; they borrow $10,000 for the new hot dog stand.B.Their sales for the month turn out to be $15,000 and their expenses $9,500;they sell $5,000 in stock and borrow the remaining funds needed to financethe new hot dog stand.C.Their sales for the month turn out to be $8,000 and their expenses are $9,500;they choose neither to borrow any funds nor build the second hot dog stand.D.Their sales for the month turn out to be $9,500 and their expenses also are$9,500; they use $5,000 in their bank account (with no other asset sales) tohelp finance the new hot dog stand.

 

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. Jacquie describes herself as a mother of three, a conscientious student, and a successful businesswoman. Her descriptions are indicative of her (Points : 1) self-concept.self-esteem.naturalistic intelligence.aptitude.(Points : 1) bodily-kinesthetic intelligence.spatial intelligence.interpersonal intelligence.intrapersonal intelligence.3. Self-concept and the way we develop relationships with others are examples of ______________ processes. (Points : 1) physicalsocioemotionalcognitivepersonality4. Nurses at the county hospital want to know what factors are most predictive of whether or not infants born today will make it into college. What will you tell them are the variables that are most predictive? (Points : 1) Race and ethnicityThe availability of financial aid and AP classes in high schoolParent’s level of education and incomeRace and the availability of financial aid5. The period of adolescence is often defined by psychologists as: (Points : 1) 12-19 years old.the specific years during which puberty takes place.13-19 years old.adolescence is never defined by numerical ages. 6. Understanding accepted standards of behavior when you enter a new classroom demonstrates the process of (Points : 1) adopting group norms.peer review.social stratification.emotional intelligence.7. The idea that distinct cultural or ethnic groups exist within the larger society is called (Points : 1) assimilation.pluralism.accommodation.institutionalism.8. Pao does not much care about where he came from or any of his ethnic traditions. With regards to identity formation, Pao would be described as one who is (Points : 1) diffuse.foreclosed.in moratorium.in achievement.9. When doing experimental research, it is important to limit (Points : 1) bias.validity.reliability.hypotheses.10. Attempting to adhere to expected gender roles appears to (Points : 1) damage the self-image and self-esteem of boys, but not girls.damage the self-image and self-esteem of girls, but not boys.damage the self-image and self-esteem of both boys and girls.have a positive affect on the self-image and self-esteem of both boys and girls.

 

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Jacobs Corp. wants to calculate its weighted average cost of capital (WACC). The

company’s CFO has collected the following information:

The company’s 30 year long-term bonds with 8% semiannual coupon are currently

sold at $950. The firm can issue bonds only

$100 million at this price. Beyond this

amount, the firm can issue the bonds at the same price, but the firm has to pay 9%

semiannual coupon.

The company’s current stock price is $25 per share (P0 = $25).

The company recently paid a dividend of $2 per share (D0 = $2.00).

The dividend is expected to grow at a constant rate of 5 percent a year (g = 6%).

The company pays a 10 percent flotation cost whenever it issues new common

stocks (F = 10%).

The company’s balance sheet shows 70% common stock and 30% debt.

The company’s target capital structure is 80% common stock and 20% debt.

The firm expects to earn

$800 million

in after-tax income during the coming year,

and it will retain 80 percent of those earnings.

The company’s tax rate is 21 percent.

What is the company’s WACC if it must fund a capital budget requiring $700million in total new capital?

 

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Jackson is a 17-year-old boy who has stolen a car. Jackson assaulted the driver to take possession of the car. Jackson has been in trouble with the law and is currently on probation. Jackson was detained by police and taken to a juvenile hall where he is awaiting his court date to see what will happen to him because of this crime. Jackson does not believe he will be treated lightly by the judge because this crime was violent and he has broken the law in the past. Discuss all the potential treatment options that Jackson may receive by the juvenile justice system. Make sure to take into account that Jackson is not a first-time offender and his recent crime involved an act of violence when you examine which potential treatment options he will likely receive. Also make certain to discuss whether his age plays any role in the potential options Jack may face.5 pages

 

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Jackson electrical employees were repairing power lines when one of its “cherry pickers” came into contact with a power line, electrocuting a worker. Prior to this accident, the employees had complained to Jackson supervisors that operation of this equipment so near to the power lines was unsafe and exposed them to a significant risk of injury. The supervisors talked this over with Jackson and they all agreed: “We can always replace one of these employees if necessary, but we can’t replace the client for whom we are doing this work.” The supervisors then ordered the employees to continue to work (the crime of criminal negligence). Who can be prosecuted for this crime?

a.Only the supervisors.

b.Only the supervisors and Jackson.

c.Only Jackson Electrical.

d.The supervisors, Jackson and Jackson Electrical.

 

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