Delta sonic, a chain of full service automotive detailers, is considering introducing a new 15-minute car wash and wax service at one of its locations. the firm expects that sales from the new 15-minute service will be $175,000 per year. delta sonic currently offers a 1-hour wash/wax/detail service with annual sales of $90,000. while many of the 15-minute sales will be to new customers, delta sonic estimates that 40% of their 1-hour customers will switch and use the 15-minute service. the level of incremental sales associated with introducing the new 15-minute wash/wax service is closest to o a. $70,000 o b. $36,000 oc. $175,000 od. $85,000 e $139,000

The market for corn in country a is highly competitive. at the current market price of $5/bushel there is a shortage of 100,000 bushels of corn in this country. media reports claim that the price of corn will rise drastically in the near future. according to these reports, the neighboring country b had witnessed a similar situation recently. at the same price, the shortage in country b was also 100,000 bushels and eventually the equilibrium price in b went up to $10/bushel. both countries are known to have equal number of corn producers and the market supply of corn is identical at all prices. this, combined with the fact that consumers in the two countries also have similar tastes and preferences, led the media to conclude that the price of corn in country a would soon be as high as $10/bushel. the new equilibrium price turns out to be below $10/bushel, what inferences can be drawn?

Most states have licensing registration requirements for child care centers and family daycare homes. these usually include minimum standard for operation. which of the following would you most likely find required in a statement of state licensing standards for child care centers?

Bonds often pay a coupon twice a year. for the valuation of bonds that make semiannual payments, the number of periods doubles, whereas the amount of cash flow decreases by half. using the values of cash flows and number of periods, the valuation model is adjusted accordingly. assume that a $1,000,000 par value, semiannual coupon us treasury note with three years to maturity has a coupon rate of 3%. the yield to maturity (ytm) of the bond is 7.70%. using this information and ignoring the other costs involved, calculate the value of the treasury note: