Practice Midterm I
13 Pages

Practice Midterm I

Course: BUS 4243, Spring 2008

School: Texas Woman's...

Word Count: 2881

Rating:

Document Preview

Practice Midterm I Financial Management 1. For a typical firm, which of the following is correct? All rates are after taxes, and assume the firm operates at its target capital structure. a. b. c. d. e. rd > re > rs > WACC. rs > re > rd > WACC. WACC > re > rs > rd. re > rs > WACC > rd. WACC > rd > rs > re. 2. Which of the following statements is CORRECT? a. The WACC...

Unformatted Document Excerpt
Coursehero >> Texas >> Texas Woman's University >> BUS 4243

Course Hero has millions of student submitted documents similar to the one
below including study guides, practice problems, reference materials, practice exams, textbook help and tutor support.

Course Hero has millions of student submitted documents similar to the one below including study guides, practice problems, reference materials, practice exams, textbook help and tutor support.

Midterm Practice I Financial Management 1. For a typical firm, which of the following is correct? All rates are after taxes, and assume the firm operates at its target capital structure. a. b. c. d. e. rd > re > rs > WACC. rs > re > rd > WACC. WACC > re > rs > rd. re > rs > WACC > rd. WACC > rd > rs > re. 2. Which of the following statements is CORRECT? a. The WACC is calculated using before-tax costs for all components. b. The after-tax cost of debt usually exceeds the after-tax cost of equity. c. The WACC that should be used in capital budgeting is the firm's marginal, after-tax cost of capital. d. Retained earnings that were generated in the past and are reflected on the firm's balance sheet are generally available to finance the firm's capital budget during the coming year. e. The after-tax cost of debt is generally more expensive than the after-tax cost of preferred stock. 3. Which of the following statements is CORRECT? a. Since debt capital is riskier than equity capital, the after-tax cost of debt is always greater than the WACC. b. Because of the risk of bankruptcy, the cost of debt capital is always higher than the cost of equity capital. c. If a company assigns the same cost of capital to all of its projects regardless of the project's risk, then it follows that the company will tend to reject some safe projects that it actually should accept and accept some risky projects that it should reject. d. Because companies' flotation costs are not required to obtain capital as retained earnings, the cost of retained earnings is generally lower than the after-tax cost of debt. e. Higher flotation costs tend to reduce the cost of equity capital. 4. The Nunnally Company has equal amounts of low-risk, average-risk, and high-risk projects. Nunnally estimates that its overall WACC is 12%. The CFO believes that this is the correct WACC for the company's average-risk projects, but that a lower rate should be used for lower risk projects and a higher rate for higher risk projects. However, the CEO argues that, even though the company's projects have different risks, the WACC used to evaluate each project should be the same because the company obtains capital for all projects from the same sources. If the CEO's opinion is followed, what is likely to happen over time? a. The company will take on too many low-risk projects and reject too many high-risk projects. b. The company will take on too many high-risk projects and reject too many low-risk projects. c. Things will generally even out over time, and, therefore, the firm's risk should remain constant over time. d. The company's overall WACC should decrease over time because its stock price should be increasing. e. The CEO's recommendation would maximize the firm's intrinsic value. 5. Safeco Company and Risco Inc are identical in size and capital structure. However, the riskiness of their assets and cash flows are somewhat different, resulting in Safeco having a WACC of 10% and Risco a 12% WACC. Safeco is considering Project X, which has an IRR of 10.5% and is of the same risk as a typical Safeco project. Risco is considering Project Y, which has an IRR of 11.5% and is of the same risk as a typical Risco project. Now assume that the two companies merge and form a new company, Safeco/Risco Inc. Moreover, the new company's market risk is an average of the pre-merger companies' market risks, and the merger has no impact on either the cash flows or the risks of projects X and Y. Which of the following statements is CORRECT? a. Safeco/Risco's WACC, as a result of the merger, would be 10%. b. If evaluated using the correct post-merger WACC, Project X would have a negative NPV. c. After the merger, Safeco/Risco would have a corporate WACC of 11%. Therefore, it should reject Project X but accept Project Y. d. If the firm evaluates these projects and all other projects at the new overall corporate WACC, it will become riskier over time. e. After the merger, Safeco/Risco should select Project Y but reject Project X. 6. Which of the following statements is CORRECT? a. The internal rate of return method (IRR) is generally regarded by academics as being the best single method for evaluating capital budgeting projects. b. The payback method is generally regarded by academics as being the best single method for evaluating capital budgeting projects. c. The discounted payback method is generally regarded by academics as being the best single method for evaluating capital budgeting projects. d. The net present value method (NPV) is generally regarded by academics as being the best single method for evaluating capital budgeting projects. e. The modified internal rate of return method (MIRR) is generally regarded by academics as being the best single method for evaluating capital budgeting projects. 7. Which of the following statements is CORRECT? Assume that the project being considered has normal cash flows, with one outflow followed by a series of inflows. a. A project's NPV is found by compounding the cash inflows at the IRR to find the terminal value (TV), then discounting the TV at the WACC. b. The lower the WACC used to calculate it, the lower the calculated NPV will be. c. If a project's NPV is less than zero, then its IRR must be less than the WACC. d. If a project's NPV is greater than zero, then its IRR must be less than zero. e. The NPV of a relatively low risk project should be found using a relatively high WACC. Which of the following statements is CORRECT? a. The NPV method was once the favorite of academics and business executives, but today most authorities regard the MIRR as being the best indicator of a project's profitability. b. If the cost of capital is reduced, this reduces a project's NPV. c. The NPV method is regarded by most academics as being the best indicator of a project's profitability, hence academics recommend that firms use only this one method. d. A project's NPV depends on the total amount of cash flows the project produces, but because the cash flows are discounted at the WACC, it does not matter if the cash flows occur early or late in the project's life. e. The NPV and IRR methods may give different recommendations regarding which of two mutually exclusive projects should be accepted, but they always give the same recommendation regarding the acceptability of a normal, independent project. 8. 9. Which of the following statements is CORRECT? a. The MIRR and NPV decision criteria never conflict. b. The IRR method can never be subject to the multiple IRR problem, while the MIRR method can be. c. One reason why some people prefer the MIRR method to the IRR method is that the MIRR is based on a more reasonable assumption about reinvestment rates than the IRR method. d. The higher the WACC, the lower the discounted payback period. e. The MIRR method assumes that cash flows are reinvested at the crossover rate. 10. Which of the following statements is CORRECT? a. b. c. d. e. For a project to have more than one IRR, then both IRRs must be greater than the WACC. If two projects are mutually exclusive, then they are likely to have multiple IRRs. If a project is independent, then it cannot have multiple IRRs. Multiple IRRs can only occur if the signs of the cash flows change more than once. If a project has two IRRs, then the one that is closest to the vertical axis is the one that should be accepted. 11. An analyst is estimating Burress Inc.'s intrinsic value. The analyst has estimated the company's free cash flows for the following years: Year 1 2 3 Free Cash Flow $3,000 4,000 5,000 The analyst estimates that after three years, free cash flow will grow at a constant rate of 6% per year. The analyst estimates that the company's WACC is 10%. The company's debt and preferred stock has a total market value of $25,000 and there are 1,000 outstanding shares of common stock. What is the (per-share) intrinsic value of the company's common stock? a. b. c. d. e. 12. $ 78.31 $ 84.34 $ 98.55 $109.34 $112.50 Assume that you are a consultant to Morton Inc., and you have been provided with the following data: D1 = $1.00; P0 = $25.00; and g = 6% (constant). What is the cost of equity from retained earnings based on the DCF approach? a. 9.79% b. 9.86% c. 10.00% d. 10.20% e. 10.33% 13. To help finance a major expansion, Dimkoff Development Company sold a bond several years ago that now has 20 years to maturity. This bond has a 7% annual coupon, paid quarterly, and it now sells at a price of $1,103.58. The bond cannot be called and has a par value of $1,000. If Dimkoff's tax rate is 40%, what component cost of debt should be used in the WACC calculation? a. b. c. d. e. 3.03% 3.28% 3.66% 3.85% 4.04% 14. You were hired as a consultant to Locke Company, and you were provided with the following data: Target capital structure: 40% debt, 10% preferred, and 50% common equity. The interest rate on new debt is 7.5%, the yield on the preferred is 7.0%, the cost of retained earnings is 11.50%, and the tax rate is 40%. The firm will not be issuing any new stock. What is the firm's WACC? a. b. c. d. e. 8.25% 8.38% 8.49% 8.61% 8.76% 15. Shilling Co.'s common stock currently sells for $40.00 per share, the company expects to earn $3.50 per share during the current year, its expected payout ratio is 40%, and its expected constant growth rate is 4.0%. New stock can be sold to the public at the current price, but a flotation cost of 10% would be incurred. By how much would the cost of new stock exceed the cost of retained earnings? a. c. b. d. e. 0.26% 0.39% 0.51% 0.60% 0.72% 16. Dobson Dairies has a capital structure consisting of 60% debt and 40% common stock. The company's CFO has obtained the following information: The before-tax YTM on the company's bonds is 8%. The company's common stock is expected to pay a $3.00 dividend at year end (D1 = $3.00), and the dividend is expected to grow at a constant rate of 7% a year. The common stock currently sells for $60 a share. Assume the firm will be able to use retained earnings to fund the equity portion of its capital budget. The company's tax rate is 40%. What is the company's WACC? a. 12.00% b. 8.03% c. 9.34% d. 8.00% e. 7.68% 17. Blanchford Enterprises is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's projected IRR can be less than the WACC (and even negative), in which case it will be rejected. Year: Cash flows: 0 -$1,000 1 $400 2 $400 3 $400 4 $400 a. b. c. d. e. 18. 17.76% 19.17% 20.56% 21.86% 23.01% Rockmont Recreation Inc. is considering a project that has the following cash flow and WACC data. What is the project's NPV? Note that a project's projected NPV can be negative, in which case it will be rejected. WACC = 10% Year: Cash flows: 0 -$1,000 1 $450 2 $440 3 $430 a. b. c. d. e. 19. $ 88.84 $ 92.25 $ 95.79 $ 98.49 $102.63 Sam's Stores Enterprises is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's projected IRR can be less than the WACC (and even negative), in which case it will be rejected. WACC = 10% Year: Cash flows: 0 -$1,000 1 $300 2 $295 3 $290 4 $285 5 $280 a. b. c. d. e. 20. 12.00% 13.00% 14.00% 15.00% 16.00% Last month, Wong Systems Inc. decided to accept the project whose cash flows are shown below. However, before actually starting the project, the Federal Reserve took actions that changed interest rates and Wong's WACC. By how much did the change in the WACC affect the project's forecasted NPV? Assume that the Fed action will not affect the cash flows, and note that a project's projected NPV can be negative, in which case it should be rejected. Old WACC = 10% New WACC = 5% Year: 0 1 2 Cash flows: -$1,000 $500 $500 3 $500 a. b. c. d. e. $ 88.67 $ 92.16 $104.93 $118.19 $124.18 21. Pettway Inc. is considering Projects S and L, whose cash flows are shown below. These projects are mutually exclusive, equally risky, and not repeatable. If the decision is made by choosing the project with the shorter payback, some value may be forgone. How much value will be lost in this instance? Note that under some conditions choosing projects on the basis of the shorter payback will not cause value to be lost. WACC = 13% Year: CFS: CFL: 0 -$1,000 -$2,100 1 $400 $800 2 $400 $800 3 $400 $800 4 $400 $800 a. b. c. d. e. 22. $55.16 $66.42 $78.79 $89.79 $96.16 Coughlin Motors is considering a project with the following expected cash flows: Year 0 1 2 3 4 Project Cash Flow -$700 million 200 million 370 million 225 million 700 million If, the project's WACC is 10%, what is the project's discounted payback? a. b. c. d. e. 23. 3.15 years 4.09 years 1.62 years 2.58 years 3.09 years Haig Aircraft is considering a project that has an up-front cost paid today at t = 0. The project will generate positive cash flows of $60,000 a year at the end of each of the next five years. The project's NPV is $75,000 and the company's WACC is 10%. What is the project's regular payback? a. b. c. d. e. 3.22 years 1.56 years 2.54 years 2.35 years 4.16 years 24. A company is considering a project with the following cash flows: Year 0 1 2 3 4 Project Cash Flow -$100,000 50,000 50,000 50,000 -10,000 The project's WACC is estimated to be 10%. What is the MIRR? a. b. c. d. e. 11.25% 11.56% 13.28% 14.25% 20.34% 1. 2. Capital components WACC and capital components Register to View AnswerRegister to View Answer EASY MEDIUM 3. 4. Miscellaneous cost of capital concepts Register to View AnswerRisk-adjusted cost of capital MEDIUM MEDIUM Register to View Answer By not adjusting the cost of capital for project risk, the firm will tend to reject low-risk projects since their returns will be lower than the average cost of capital, and it will take on high-risk projects since their returns will be higher than the average cost of capital. For this reason, statement b is true, while all remaining statements are false. 5. 6. Divisional risk and project selection Ranking methods Register to View AnswerRegister to View AnswerHARD EASY Statement d is true. Academics prefer NPV because it indicates the amount by which a project increases the firm's value. 7. 8. NPV Ranking methods: NPV Register to View AnswerRegister to View AnswerEASY MEDIUM Statement e is correct. The others are all false. If you draw an NPV profile for one project, you will see that if the WACC is less than the IRR, the NPV must be positive. 9. 10. 11. NPV, IRR, and MIRR Multiple IRRs FCF model for valuing stock Time Line: 0 | FCFs Continuing Value Total FCFs 10% 1 | 3,000 3,000 2 | 4,000 4,000 3 | 5,000 5,000(1 + 0.06) 132,500 = 0.10 0.06 137,500 Register to View AnswerRegister to View Answer MEDIUM MEDIUM Register to View Answer 0 Enter the following data as inputs in the financial calculator: CF0 = 0; CF1 = 3000; CF2 = 4000; CF3 = 137500; I/YR = 10; and then solve for NPV = Total value of firm = $109,338.84. So, the entire company is worth $109,338.84. This, less the market value of debt and preferred stock, which was given in the problem, leaves $109,338.84 - $25,000 = $84,338.84 as the value of the firm's common 12. Coupon rate 7.00% Periods/year 4 equity. The value of its common stock is calculated as $84,338.84/1,000 Maturity (yr) 20 shares = $84.34/share. Bond price $1,103.58 Par value $1,000 D1 $1.00 Tax rate 40% P0 $25.00 g Component cost of retained earnings: DCF, D1 Register to View AnswerEASY Calculator inputs: 6.00% N 80 rs 10.00% PV -$1,103.58 PMT $17.50 Expected EPS1 cost of debt FV $3.50 Component $1,000 Weights AT Costs Rate I/YR ratio = Before-tax cost of debt 1.52% times 4 =7.50% 6.1%4.50% Payout 40% Debt 40% Preferred 10% 7.00% Current stock price3.66% = After-tax cost of debt (A-T rd) for use in WACC $40.00 13. Register to View Answer MEDIUM 14. Common g Tax WACC F rate 50% 40% 11.50% 4.00% 10.00% Register to View Answer MEDIUM 15. WACC 8.25% D1 $1.40 rS 7.50% Cost of retained earnings vs. cost of new common stock re 7.89% Difference = higher cost of re 0.39% Register to View Answer HARD 16. WACC rs = D1/P0 + g = $3.00/$60.00 + 0.07 = 0.12 = 12%. WACC = wdrd(1 - T) + wcrs = (0.6)(0.08)(1 - 0.4) + (0.4)(0.12) = 0.0768 = 7.68%. Register to View Answer 17. IRR (constant cash flows; 4 years) 0 -$1,000 1 $400 2 $400 3 $400 4 $400 Register to View Answer EASY Cash flows Answer: IRR = 21.86% Year 0: -$1,000 18. NPV (uneven cash flows; 3 years) WACC: Cash flows Answer: NPV = 10.00% 0 -$1,000 Register to View Answer EASY/MEDIUM 1 $450 2 $440 3 $430 $95.79 WACC: 10.0% 19. IRR (uneven cash flows; 5 years) Register to View Answer EASY/MEDIUM Cash flows Answer: IRR = 0 -$1,000 1 $300 2 $295 3 $290 4 $285 5 $280 14.00% Year 0: -$1,000 20. NPV vs IRR (constant cash flows; 3 years) Old WACC: Cash flows Answer: Old NPV = New NPV = Change 10.00% 0 -$1,000 New WACC: 2 $500 5.00% 3 $500 Register to View Answer MEDIUM 1 $500 $243.43 $361.62 $118.19 21. NPV vs payback WACC: CFS CFL Answer: Cumulative CF, S Cumulative CF, L Payback S 2.50 Payback L 2.63 NPV, L $279.58 NPV, S $189.79 Value lost $89.79 13.00% 0 -$1,000 -$2,100 1 $400 $800 2 $400 $800 Register to View Answer MEDIUM/HARD 3 $400 $800 4 $400 $800 -$1,000 -$2,100 - -$600 -$1,300 - -$200 -$500 - $200 $300 2.50 2.63 $600 $1,100 - Project S WACC: 13.0% Year 0: -$1,000 Year 1: $400 L 279.6 1,100.0 946.2 803.9 672.1 549.7 435.9 329.9 231.0 138.5 52.0 -29.0 -105.1 -176.6 Project L WACC: 13.0% Year 0: -$2,100 Year 1: $800 S 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 20% 22% 24% 189.8 600.0 523.1 452.0 386.0 324.9 267.9 214.9 165.5 119.3 76.0 35.5 -2.5 -38.3 1,200 1,000 800 600 400 200 0 -200 0% 5% 10% 15% 20% 25% S L 22. Discounted payback Register to View Answer The PV of the outflows is -$700 million. To find the discounted payback you need to keep adding cash flows until the cumulative PVs of the cash inflows equal the PV of the outflow: Year 0 1 2 3 4 Cash Flow -$700 million 200 million 370 million 225 million 700 million Discounted Cash Flow @ 10% -$700.0000 181.8182 305.7851 169.0458 478.1094 Cumulative PV -$700.0000 -518.1818 -212.3967 -43.3509 434.7585 The payback occurs somewhere in Year 4. To find out exactly where, we calculate $43.3509/$478.1094 = 0.0907 through the year. Therefore, the discounted payback is 3.091 years. 23. Payback period Step 1: Register to View Answer Step 2: Step 3: Year 0 1 2 3 4 5 Calculate the PV of the cash flows: Inputs: N = 5; I/YR = 10; PMT = 60000; FV =0. Output: PV = -$227,447.21. PV of cash flows = $227,447.21 $227,447. Calculate the Year 0 outflow: The outflow at t = 0 is X where $227,447 - X = $75,000. X or CF0 = -$152,447. Calculate the regular payback: CF Cumulative CF -$152,447 -$152,447 60,000 -92,447 60,000 -32,447 60,000 27,553 60,000 87,553 60,000 147,553 $32,447 $60,000 So the payback is 2 + 24. MIRR = 2.54 years. Register to View Answer First, calculate the present value of costs: N = 4; I/YR = 10; PMT = 0; FV = 10000; and then solve for PV = -$6,830.13. Add -$100,000 + -$6,830.13 = -$106,830.13. Find the terminal value of inflows: CF0 = 0; CF1 = 50000; CF2 = 50000; CF3 = 50000; CF4 = 0; I/YR = 10. Solve for NPV = $124,342.60. Use the TVM keys to calculate the future value of this present value. N = 4; I/YR = 10; PV = -124342.60; PMT = 0. Solve for FV = $182,050. Solve for MIRR: N = 4; PV = -106830.13; PMT = 0; FV = 182050; and then solve for I/YR = MIRR = 14.25%.

Textbooks related to the document above:

Find millions of documents on Course Hero - Study Guides, Lecture Notes, Reference Materials, Practice Exams and more. Course Hero has millions of course specific materials providing students with the best way to expand their education.

Below is a small sample set of documents:

Texas Woman's University - BUS - 4243
Practice Midterm 2 with solutions i. Which of the following statements is CORRECT? a. Since depreciation is not a cash expense, it plays no role in capital budgeting. b. Under current laws and regulations, corporations must use straight line deprecia
Skidmore - EN - 110
EN 110 Professor Janet Casey February 28, 2008 I Do Not Intend to Compare Thee to a Summer's Day Though a poet's intent is impossible to determine, his work begs readers to infer a plausible and intelligible meaning from the text itself. Nevertheless
Trinity College, Hartford - AH - 105
2/11/08 AH 105 Response Paper: Classical Hindu Mythology Art provides a medium of retelling stories, not necessarily as "definite retellings of them [.], [but rather as] "examples of the stories."(Brown and Hutton 34) By "examining the historical and
Skidmore - EN - 110
2/15/08 EN 110 Sin: Not Just a Dark Matter The dichotomy between good and evil is a pervasive and reoccurring theme in literature, which emphasizes to its prevalence in human nature. Most texts hold extreme views on evil and sinning, but Nathanial Ha
Trinity College, Hartford - AH - 105
2/18/08 AH 105 Response Paper: Reading Love Imagery on the Indian Temple Unfortunately, when one views ancient art, there is never an omniscient guide to understanding it in its context. Perhaps this is most true with the Hindu temples and sculptural
Trinity College, Hartford - AH - 105
2/25/08 AH 105 Response Paper: Playful Ambiguity and Political Authority at the Large Relief at Mamallapuram Throughout the interpretation of ancient Indian art, art historians have deciphered many universal symbols and narratives; however, there are
WVU - MAE - 241
WVU - MAE - 241
WVU - MAE - 241
WVU - MAE - 241
Minnesota - AEM - 2011
Meharry - MEDICAL - 1
Meharry - MEDICAL - 1
Meharry - MEDICAL - 1
Meharry - MEDICAL - 1
Meharry - MEDICAL - 1
Meharry - MEDICAL - 1
Meharry - MEDICAL - 1
Lecture # 17 NUTRITION AND DISEASE: CARDIOVASCULAR DISEASECardiovascular Disease (CVD): Background Definition: A group of diseases affecting the heart and blood vessels. Leading single cause of death around the world today. Each year, CVD accounts
Meharry - MEDICAL - 1
59)."o/he chromosomal translocation which causes the c-Myc gene to come under the command of theImmunoglobulin Heavy Chain promoter is principally associated with which ofthe following diseases?A. B. C.mV/AIDsX.Chronic myeloid leuekemia Acut
Duke - PSY - 11
Physcology notes nov 8Attachment and Care giving Mother-infant bonding is a pop topic of research- controversial Can be enhanced by early contact after birth Also research to contrary- bond can occur with adoption Attachment and bonding more researc
University of Florida - EMA - 3010
COSMOS: Complete Online Solutions Manual Organization SystemChapter 6, Solution 9.First note that, by inspection of joint H:FCH = 0 ! andFDH = FGH FCG = 0 ! and FBC = FCD FBG = 0 ! and FFG = FGH FBF = 0 ! and FAB = FBCthen, by inspection of j
University of Florida - EGM - 2511
COSMOS: Complete Online Solutions Manual Organization SystemChapter 6, Solution 50.FBD Truss:Distance between loads = 1.5 mFx = 0:By symmetry,Ax = 0 A y = K y = 18 kNFBD Section ABC:FBD Section ABC:M D = 0:(1.5 m ) FCE + (1.5 m )( 6 k
Duke - PSY - 11
Psych notes nov 27 Social Influences Social pressure o Set of psychological forces that are exrted on us by others examples, judgments, expectations, and demands o Can be real or perceived/ imagined Audience effects o Social facilitation Enhancing e
University of Florida - EGM - 2511
University of Florida - EGM - 2511
COSMOS: Complete Online Solutions Manual Organization SystemChapter 7, Solution 70.(a)Fy = 0:Ay + ( 200 N/m )( 0.8 m ) - (120 N/m )( 0.3 m ) = 0 Ay = -124 NA y = 124 NM A = 0:M A - 60 N m - ( 0.4 m )( 200 N/m )( 0.8 m ) + (1.35 m )(120
University of Florida - EGM - 2511
COSMOS: Complete Online Solutions Manual Organization SystemChapter 7, Solution 74.(a)Fy = 0:Ay - ( 2 kips/ft )( 8 ft ) - 3 kips + 7 kips = 0A y = 12 kips M A = 0:Shear Diag: V jumps to 12 kips at A, then decreases at 2 kips/ft to - 4 kips
University of Florida - EGM - 2511
COSMOS: Complete Online Solutions Manual Organization SystemChapter 7, Solution 78.(a)Note: The 2 kip force at E has been replaced by the equivalent force and couple at C.M A = 0: - ( 6 ft )(1 kip/ft )(12 ft ) + 8 kip ft - (12 ft )( 2 kips )
Duke - PSY - 11
Nature-Nurture Debate How do we become who we are? Is it our biology or is it our social interactions? Nature or Nurture The debate centers around the origin of nehavior. Does it arrive from" o Nature-genes o Nurture-enviro Answer is BOTH! Nature-Gen
Duke - PSY - 11
Psychology Notes October 18 Historical Research on devlpment of kids dominated by field of Develpmental Pyschology o Why? Last 10-20 yrs- research shift toward old age o Y? Focus on life span development Study of bhvior from birth to death Devlpmnet
Duke - PSY - 11
Pyschology Notes Nov 6-Social Developmente Ch. 12Social Pyschology Social development Social perceptions Social influences Morality Is it ok to tell white lies? Is lie of omission ok? o Go out of town( leave out went biking Ok to take penny if have
RIT - 1017 - 311
Review of Monday Recall that on Monday we: looked at some calculus & kinematic relations (see webpage for solutions) made some measurements and grappled w/uncertainty, both statistically ( = xx + LL ( = x/L ) and graphically So, to review:The m
RIT - 1017 - 311
Kinematics "Problems" You'll recall that we've derived three equations of kinmatics for constant acceleration: 1 2 2 2 vf = v0 + at, xf = x0 + v0t + at , vf = v0 + 2a(xf - x0) 2 Because these are vector equations, each one is actually three equations
RIT - 1017 - 311
What is Important in this Class The single most important thing is to know what's going on. If you ever find yourself saying "Huh? I have no idea what I'm doing or why I'm doing it." then you are in TROUBLE. Don't panic, at one point or another this
RIT - 1017 - 311
Observations on Labs Can't choose when to put units and when not. (On essays, do you choose which sentences to use punctuation?) Uncertainties, both for statistics AND graphs, are critical Put results in your conclusion. Don't sayThe ruler mass
RIT - 1017 - 311
Exam Next Tuesday, 70-2690, 6:00pm Exam will have 2 parts: 50% common multiple choice ( 10 problems), 50% problems (2ish). w/formula sheet. Topics: units, conversions, and significant figures vectors (graphical addition, numerical addition, resolvi
E. Kentucky - MUS - 354
Jordan Nickell MUS 354 Professor Jason Koontz December 10th, 2007Article ReviewI found a very interesting article in Percussive Notes entitled "Teaching College Students to Teach Themselves." In the article, author Al Payson outlines three teachi
GA Southern - BIOL - 1130
Test 1 Study Guide 1. Read Chapters 1, 2, 3 16. The material that was not mentioned in class (chemistry) will not be on the test. 2. Know the steps of the scientific method. Be able to design an experiment given an unfamiliar observation/question. Be
GA Southern - BIOL - 1130
Study guide-Test 2Chapters on Test-17, 18, 19 Mean Genes-Gender, Fat, Beauty, Introduction 1.Know all the parts of the respiratory system and their function. Its function is to exchange gasses with your environment. Diaphragm: When we inhale at res
GA Southern - BIOL - 1130
Test 3 Study Guide Spring 2008 General Biology Covers Mitosis, Meiosis, Reproduction, Nervous System 1. Know all the names of all the stages of mitosis. Interphase: when DNA replicates. 3 phases- G1- organelles duplicate, S- DNA in the chromosomes re
GA Southern - BIOL - 1130
Exam 1 Review HLTH 1520Ch.1 (12 questions) Difference between Health and Wellness: Health is the absence of physical disease; wellness transcends the concept of health (spiritual, emotional, physical) and both help us live life fully with vitality.
GA Southern - BIOL - 1130
Exam 2 review:50 questions Ch. 2: 9 questions Know the difference between the types of stress: A stressor is a situation that triggers physical and emotional reactions, and the stress response is the reaction.What are the two major control systems
SUNY Stony Brook - CSE - 305
What is a Database? Overview of Databases and Transaction ProcessingChapter 1 Collection of data central to some enterprise Essential to operation of enterpriseContains the only record of enterprise activityAn asset in its own rightHistorical da
GA Southern - BIOL - 1130
Study guide-Test 2Chapters on Test-17, 18, 19 Mean Genes-Gender, Fat, Beauty, Introduction 1.Know all the parts of the respiratory system and their function. Its function is to exchange gasses with your environment. Diaphragm: When we inhale at res
Auburn - FINC - 2400
FINC2400 Test 3 Fall 2007Name (print): _ VERSION 1Section 1 True/False Indicate the correct answer for each question by circling your response. (10 points) 1. All insurance companies must follow strict guidelines about what they invest in, so it
E. Kentucky - HON - 306
HON 306 10/25/07 Daily Assignment of Freud There are two origins of guilt, Freud says, "one arising from fear of an authority, and the other, later on, arising from fear of the super-ego." The super-ego was established to monitor aggression in both t
E. Kentucky - HON - 306
HON 306 Dr. Bennett and Dr. Gooch November 27th, 2007Daily Assignment on AppiahAppiah criticizes positivism because it says that morality is relative. Appiah's position is for cosmopolitanism, which says that there is a unified standard for morali
E. Kentucky - HON - 315/316
HON 315/316 Dr. Frisbie January 23, 2008Homework #1: Puzzles for NaturalistsYoung first addresses how naturalists in the seventeenth century solved the puzzle of categorizing plant and animal species. Before scientist John Ray, animals had been ca
E. Kentucky - HON - 315/316
HON 315/316 Dr. Frisbie January 25, 2008Homework #2: Place & TimeIn my opinion, the ideas of George Louis Leclerc, Comte de Buffon contributed the most to laying the ground work for evolutionary theory. His theories about the migration and origin
Texas Woman's University - BUS - 4243
Chapter 13 Capital Structure and LeverageBusiness vs. financial risk Optimal capital structure Operating leverage Capital structure theoryCampus Deli Inc.'s Optimal Capital Structure Assume that you have just been hired as business manager of Cam
Texas Woman's University - BUS - 4243
Ch 15Ski Equipment Inc.Managing Current AssetsDan Barnes, financial manager of Ski Equipment Inc. (SKI), is excited, but apprehensive. The company's founder recently sold his 51% controlling block of stock to Kent Koren, who is a big fan of EVA
Wyoming - ENGINEERIN - ES 2110, E
COSMOS: Complete Online Solutions Manual Organization SystemChapter 11, Problem 1.The motion of a particle is defined by the relation x = t 2 - ( t - 3) where x and t are expressed in meters and seconds, respectively. Determine (a) when the accele
Wyoming - ENGINEERIN - ES 2110, E
COSMOS: Complete Online Solutions Manual Organization SystemChapter 12, Problem 5.The 40-lb block starts from rest and moves upward when constant forces of 10 lb and 20 lb are applied to supporting ropes. Neglecting the masses of the pulleys and
Ohio State - PHYS - 132I
POTENTIALLY USEFUL INFORMATIONr kQr ^ E = 2 r r r F = qE kQ V = r f r r V = - E d siV = IR Power = IV Req = Rii1 1 = Req i RiV = -Ed dV Es = - ds U = qV C= Iin = Iout Vloop = (V )i = 0r r r 0 qv r r 0 Ids r ^ ^ B =
Wyoming - ENGINEERIN - ES 2110, E
COSMOS: Complete Online Solutions Manual Organization SystemChapter 13, Problem 4.A golfer hits a 1.62-oz ball with an initial velocity of 160 ft/s at an angle of 25 with the horizontal. Determine (a) the initial kinetic energy of the ball, (b) t
Wyoming - ENGINEERIN - ES 2110, E
COSMOS: Complete Online Solutions Manual Organization SystemChapter 14, Problem 11.A system consists of three particles A, B, and C. We know that WA = WB = 4 lb and WC = 28 lb and that the velocities of the particles, expressed in ft/s are, respe
Wyoming - ENGINEERIN - ES 2110, E
COSMOS: Complete Online Solutions Manual Organization SystemChapter 15, Problem 13.The bent rod ABCD rotates about a line joining points A and D with a constant angular velocity of 75 rad/s. Knowing that at the instant considered the velocity of
Texas Woman's University - BUS - 4243
Syllabus for Financial Management BUS 4243 TWU Spring 2008Professor:Mark O. Tengesdal Associate Professor of Finance Office: CFO 409 Phone: ext. 2113 Email: mtengesdal@twu.edu Office hours: I enjoy working with students individually. Please feel
Wyoming - ENGINEERIN - ES 2110, E
COSMOS: Complete Online Solutions Manual Organization SystemChapter 16, Problem 1.A 30-kg uniform thin panel is placed in a truck with end A resting on a rough horizontal surface and end B supported by a smooth vertical surface. Knowing that the
Texas Woman's University - BUS - 4243
1BUS. 3273.01, HUMAN RESOURCE MANAGEMENT Spring 2008 M/W 1 2:20 PM, ASB 302 Instructor: Mrs. Sherrie Taylor, MBA, SPHR, CSBC CFO 414; Voice Mail: 898-2903; Fax (940)898-2120 E-MAIL "staylor@twu.edu"Office Hours: M: 2:30 4:00 PM T/TH: 11-12, 1 3
Wyoming - ENGINEERIN - ES 2110, E
COSMOS: Complete Online Solutions Manual Organization SystemChapter 11, Solution 2.x = t3 - (t - 2) m2v= a= (a) Time at a = 0.dx = 3t 2 - 2 ( t - 2 ) m/s dt dv = 6t - 2 m/s 2 dt0 = 6t0 - 2 = 0 t0 = 1 3t0 = 0.333 s(b)Corresponding posi
Wyoming - ENGINEERIN - ES 2110, E
COSMOS: Complete Online Solutions Manual Organization SystemChapter 11, Solution 46.(a) Acceleration of A.v A = ( v A )0 + a At andand andx A = ( x A )0 + ( v A )0 t =1 a At 2 2Using( v A )0 = 0v A = a At( xA )0 = 0 givesxA = 1 a At