Treck Co. expects to pay €250,000 in one month for its imports from Greece. • It also expects to receive €200,000 for its exports to Italy in one month. • They estimate the standard deviation of monthly percentage changes of the euro to be 3%, over the last 40 months (of data). • Assume that these percentage changes are normally distributed. • Using the value-at-risk (VaR) method based on a 95% confidence level, (5% chance of a loss realization greater than this number) what is the maximum one-month loss in dollars if the expected percentage change of the euro during next month is -2%? • Assume that the current spot (exchange) rate of the euro (before considering the maximum one-month loss) is $1.23.

Michigan mattress company is considering the purchase of land and the construction of a new plant. the land, which would be bought immediately (at t = 0), has a cost of $100,000 and the building, which would be erected at the end of the first year (t = 1), would cost $500,000. it is estimated that the firm's afterminustax cash flow will increase by $100,000 starting at the end of the second year, and that this incremental flow would increase at a 10 percent rate annually over the next 10 years. what is the approximate payback period?

(05.04 mc) a 2012 report from the u. s. surgeon general stated: "another common practice is strategically locating tobacco-related marketing materials where young children will be exposed to them. tobacco industry executives acknowledge that products and advertising should be placed at eye level (pollay 2007), but in california, 48% of stores had at least one cigarette marketing item at or below 3 feet from the floor (feighery et al. 2001)." it was also noted that 25% of cigarette displays were next to candy. in addition, a national study found that about one-third of the stores had tobacco ads at low heights. after california banned counter displays, some stores place cigarettes in transparent displays so product brands could still be seen. why did some stores use transparent units to display the cigarettes? (3 points) to comply with the new rules while still encouraging cigarette purchases via visual exposure to ensure children and minors are not exposed to cigarettes and their eye-catching packaging to minimize exposure to humidity, extending the shelf life of the cigarettes' tobacco to reduce the occurrence of shoplifting, since cigarettes are high-revenue items

In microeconomics, the point at which supply and demand meet is called the blank price