The management of Penfold Corporation is considering the purchase of a machine that would cost $310,000, would last for 5 years, and would have no salvage value. The machine would reduce labor and other costs by $74,000 per year. The company requires a minimum pretax return of 12% on all investment projects.The net present value of the proposed project is closest to (Ignore income taxes.):__________

Answers

Answer 1

Answer:

NPV = $-43246.56103 rounded off to - $43246.56

Explanation:

The Net Present Value or NPV is a tool used to evaluate projects. It is used with various other tools to decide whether to undertake a project or not. To calculate the Net Present Value or NPV, we take the present value of the cash inflows provided by the project and deduct the initial cost of the project.

NPV = CF1 / (1+r)  +  CF2 / (1+r)^2  +  ...  + CFn / (1+r)^n  -  Initial Cost

Where,

CF1, CF2, ... represents cash flow in Year 1, Year 2 and so on.r is the required rate of return

NPV = 74000 (1+0.12)  +  74000 (1+0.12)^2  +  74000 (1+0.12)^3  +  74000 (1+0.12)^4  +  74000 (1+0.12)^5  -  310000

NPV = $-43246.56103 rounded off to - $43246.56


Related Questions

You have a machine that is staffed 8 hours per day. The average throughput rate is 28 batches per day, and the setup time is 5 minutes per batch. The plant operates 16 hours per day but the machine is staffed for 8 hours. Calculate:a. Average processing time per unitb. MTT per unit

Answers

Answer:

The average processing time per unit = 1.46 minutes per unit

MTT per unit 0.25 minutes per unit

Explanation:

Given that:

number of hours per day for a machine = 8 hours per day

The average throughput rate =  28  batches per day

the setup time =  5 minutes per batch

Plant operating hours = 16 hours per day

To calculate:

a.  Average processing time per units is determined by evaluating the average processing time per batch.

Using the following formula:

Average processing time per units =   Total available time ÷ batches per day

where;

Total available time = Operating time per day - batches setup time

Total available time =  (16 × 60 )minutes - (28 batches × 5 minutes)

= 960 - 140 = 820 minutes per day

Average processing time per batch = 820 minutes ÷  28 batches = 29.29

NOW,  Average processing time per units = Average processing time per batch  ÷  batch size

= 29.29 ÷  20 = 1.46 minutes per unit

b) MTT per unit

The MTT per unit can be computed by using the formula

MTT per unit = Setup time ÷  batch size

MTT per unit = 5 minutes  ÷   20 minutes

MTT per unit = 0.25 minutes per unit

Which type of interpersonal influences would be represented by a project manager that has a command of technology

Answers

Answer: expert power

Explanation:

The type of interpersonal influences that would be represented by a project manager that has a command of technology is the expert power.

Expert power is the use of expert knowledge to get ones subordinate to follow orders or instructions given to them. The subordinate believe that the leader has expert knowledge or skills which they don't have.

The most important strategic issue for companies to resolve when competing in international markets is

Answers

Answer:

analyze the entry requirements necessary for the international market, mainly bureaucratic requirements such as regulations, policies and initial capital.

Explanation:

Before expanding the business to an international market, a company must analyze essential strategic issues, in order to know the viability of business internationally, because although internationalization is a competitive and strategic factor for the gain of positive results, there are important barriers to considered.

The first strategic issue to be analyzed is the bureaucratic process when establishing business in a different country, as there are regulations, policies and capital requirements that vary from one country to another and the company must analyze whether such barriers will be an impediment to organizational success, or they can be beneficial to the business.

A friend of yours has been thinking about quitting her regular day job and going into business for herself. She currently makes ​$ per year as an employee of the Ajax​ Company, and she anticipates no raise for at least another year. She believes she can make ​$ as an independent consultant in​ six-sigma "black​ belt" training for large corporations. Her​ start-up expenses are expected to be ​$ over the next year. If she decides to keep her current​ job, what is the expected opportunity cost of this​ decision? Attempt to balance the pros and cons of the option that your friend is turning away from.

Answers

Complete Question:

A friend of yours has been thinking about quitting her regular day job and going into business for herself. She currently makes ​$63,000per year as an employee of the Ajax​ Company, and she anticipates no raise for at least another year. She believes she can make ​$205,000 as an independent consultant in​ six-sigma "black​ belt" training for large corporations. Her​ start-up expenses are expected to be ​$102,000 over the next year. If she decides to keep her current​ job, what is the expected opportunity cost of this​ decision? Attempt to balance the pros and cons of the option that your friend is turning away from.

Answer:

I would advice her to quit working as an employee and start working as an independent consultant.

Explanation:

Now here we will compute the net earnings arising from each opportunity.

Case 1: Opportunity to carry on his job

The relevant costs include is the Salary earnings which is $63,000.

Case 2: Opportunity to earn as an Independent Consultant

Independent Business Earnings are at $205,000 and the expenses associated with the opportunity is at $102,000.

This means the net earnings are = $205,000 - $102,000 = $103,000

Decision Rule:

The opportunity cost to leave the job and start working as an independent consultant would be $63,000.

If the person is desiring to pick her career over the independent consultant then the opportunity cost of leaving an opportunity to earn as an independent consultant is $103,000.

Thus the decision must be quit working as an employee and start earning as an independent consultant.

Which of the following items should be included in the pension expense computation for a defined-benefit plan?
a. Both expected return of plan assets and amortization of prior service cost
b. Expected return of plan assets, but not amortization of prior service cost
c. Amortization of prior service cost, but not expected return of plan assets
d. Neither expected return of plan assets nor amortization of prior service cost

Answers

The answer is A


Explanation:

Answer:

Option A

Explanation:

In simple words, Pension expense notes the employer 's yearly cost of sustaining the individual employee pension scheme. Businesses who have a pension fund must measure and record the benefits and obligations of the programme on the financial statements.

In order to measure the benefit bill, the company must record the operation and tax rates, the estimated return on the value of the scheme, the amortisation of the value of the former contract and the results of the profits and declines.

If a firm has a limited capital budget and too many good capital projects to fund them all, it is said to be facing the problem of

Answers

Answer:

"Capital rationing" would be the appropriate answer.

Explanation:

Capital rationing is a systematic process for allocating remaining cash through various alternative investments, thus growing the bottom line of a financial institution. It consists of calculating profitability economic indicators across all projects as well as choosing the best ventures which result in the highest present value especially when associated.

A monopolistically competitive firm usually charges more than a perfectly competitive firm because:_____.
a. it is part of a group of firms that has formally agreed to control the price and the output of a product.
b. its primary goal is to reap monopoly profits by replacing competition with cooperation.
c. producing homogenous output is more expensive than producing differentiated output.
d. producing differentiated output is more expensive than producing homogenous output.
e. it has a monopoly, but potential entrants exist in the form of contestable markets.

Answers

Answer:

a. it is part of a group of firms that has formally agreed to control the price and the output of a product.

Explanation:

A monopolistic competitive firm ensures that, the price of goods and the output of the products produced by them is controlled. This helps them to dictate the market in which they find themselves in.

The Blooming Flower Co. has earnings of $1.48 per share. a. If the benchmark PE for the company is 15, how much will you pay for the stock?

Answers

Answer:

$22.20

Explanation:

Using the equation to calculate the price of a share of stock with the PE ratio:

P = Benchmark PE ratio * EPS  

So, with a PE ratio of 15  

P = 15*($1.48)

P = $22.20

Pricing the basic product in a product line low while pricing related items at a higher level is called

Answers

Answer:

Explanation:

captive pricing

Capital gains that are realized upon the sale of a municipal security are:________
I subject to Federal Tax
II exempt from Federal Tax
III subject to State and Local Tax
IV exempt from State and Local Tax
A. I and III
B. I and IV
C. II and III
D. II and IV

Answers

Answer:

A. I and III

Explanation:

Capital gains on the municipal securities are taxable at the Federal, State and Local Level. Only the interest income from the municipal securities will be exempted from the Federal income tax.

""The average daily rate charged by member banks for overnight loans of reserves" best describes the:"

Answers

Answer:

Federal funds rate

Explanation:

Federal funds rate is the interest rate at which commercial banks borrow and lend their excess reserves to each other overnight.

Dawson Toys, Ltd., produces a toy called the Maze. The company has recently established a standard cost system to help control costs and has established the following standards for the Maze toy:________. Direct materials: 6 microns per toy at $0.50 per micron Direct labor: 1.3 hours per toy at $8 per hour During July, the company produced 3,000 Maze toys. Production data for the month on the toy follow:________. Direct materials: 25,000 microns were purchased at a cost of $0.48 per micron. 5,000 of these microns were still in inventory at the end of the month. Direct labor: 4,000 direct labor-hours were worked at a cost of $36,000.Required:1. Compute the following variances for July:________.a. Direct materials price and quantity variances.b. Direct labor rate and efficiency variances.2. Prepare a brief explanation of the possible causes of each variance.

Answers

Answer:

a. Direct materials price and quantity variances.

Direct materials price variance = -$500 favorable (the materials were purchased at a lower cost than budgeted)Direct materials quantity variance = $1,000 unfavorable (since they purchased cheaper materials, they probably were low quality and needed more materials per toy)

b. Direct labor rate and efficiency variances.

Direct labor rate variance = $4,000 unfavorable (labor costs per hour were higher than budgeted)Direct labor efficiency variance = $800 unfavorable (this might be related to the low level materials purchased that resulted in more time per toy)

Explanation:

standard rates:

direct materials: 6 microns per toy at $0.50 per micron

direct labor: 1.3 hours per toy at $8 per hour

actual production and costs:

3,000 maze toys

25,000 microns purchased (5,000 microns remaining in inventory, so actual usage was 20,000 microns) at $0.48 per micron

4,000 hours of direct labor at $9 per hour

Direct materials price variance = (AP - SP) x AQ: we have to use total microns purchased for this variance

Direct materials price variance = ($0.48 - $0.50) x 25,000 = -$500 favorable

Direct materials quantity variance = SP x (AQ - SQ) = $0.50 x (20,000 - 18,000) = $1,000 unfavorable

Direct labor rate variance = (AR - SR) x AH = ($9 - $8) x 4,000 = $4,000 unfavorable

Direct labor efficiency variance = SR x (AH - SH) = $8 x (4,000 - 3,900) = $800 unfavorable

In order to determine the average variable cost, the firm's variable costs are divided by _______________________.

Answers

Answer:

total output.

Explanation:

for example, a company manufactures 10,000 units of A. Its total variable costs are $50,000, and its total fixed costs are $25,000.

The average variable cost = $50,000 / 10,000 = $5 per unit of A

The average fixed cost = $25,000 / 10,000 = $2.50 per unit of A

The average total cost = $75,000 / 10,000 = $7.50 per unit of A

By improving the quality of goods and services produced, the ______ value of products and services is enhanced.

Answers

Answer:

functional.

Explanation:

The functional value can be perceived by the customer as a type of value that is related to the benefits and utility that a good or service will bring to satisfy his needs.

Therefore, improving the quality of the goods and services produced will increase their functional value.

Increasing the quality of goods and services may be a relevant competitive strategy for a company to achieve market advantages, since in the purchase decision process, the consumer will analyze the options on the market and choose the one that best satisfies their needs in relation to functional value of the product or service.

Which of the following do not qualify as potential driving forces capable of inducing fundamental changes in industry and competitive conditions?
A) Changes in who buys the product and how they use it, and changes in the long-term industry growth rate.
B) Changes brought about by the entry or exit of major firms, product innovation, and marketing innovation and cost efficiency.
C) Changes in the economic power and bargaining leverage of customers and suppliers, growing supplier-seller collaboration, and growing buyer-seller collaboration.
D) Changes in buyer preferences for differentiated products instead of mostly standardized or identical products.
E) Changes in economies of scale and experience curve effects brought on by changes in manufacturing technology and new Internet capabilities.

Answers

Answer:

C) Changes in the economic power and bargaining leverage of customers and suppliers, growing supplier-seller collaboration, and growing buyer-seller collaboration.

Explanation:

Competition is the process by which firms in a market use their unique characteristics to gain a larger market share from other firms.

They use competitive advantages like price, quality, service, and so on to attract more customers to them.

As far as customer still buy the same products, major firms do not come into the market, and new innovation is not introduced, the competitive conditions in the market will be maintained.

A changes in the economic power and bargaining leverage of customers and suppliers will not change competitive climate. Because buyers are not changing preferences.

They maintain the suppliers they were doing business with.

What best practice will you incorporate in your work as a manager today or in the future? Explain why

Answers

Answer:

A summary of the specific concern is given throughout the corresponding chapter.

Explanation:

Being a manager, my primary priority will be to ensure effective utilization of the evidence including how it could be integrated throughout my decision-making procedure, this will be particularly important in the potential background as well as having a reasonable decision-making perspective of view considering whether we might have prejudices because of our experience.Second, I'd take care of the employees' loyalty across better interaction. As a common practice, this will involve more regular interactions, including input and suggestions as well including the accompanying accountability.I should strive to integrate culture into every initiative every community and every communication activity conducted to ensure that the alignment throughout the mechanism including the culture's nature and cultural identification remains in harmony.I'd emphasize collaboration and build improved partnerships from the very beginning to give themselves a greater standard of innovation and decision-making autonomy such that everyone could better interact with the project's priorities but objectives, and demonstrate more transparency or ownership.

Explain why high-performance value-added salespeople earn much more than high- performance transactional salespeople g

Answers

Answer with Explanation:

The Value-added salespersons are the one with better qualification, trainings, experience and have thorough understanding how the sales mechanism would better work in different circumstances and thus are far much better than the transaction salespeople. Furthermore, they are the one who knows what the customer is desiring and this helps them in adding value to their operations and product. Whereas transactional salesperson add very little value to sell the product because the customer knows about the product features and the presence of the transactional salesperson doesn't have any significant impact on the customer perception.

"If the previous chart measures CaliMart’s revenues in millions of dollars, how much money did CaliMart make in 2005"

Answers

Answer: $12 million

Explanation:

In 2009, Cali made a revenue of $26 million.

In 2005, Cali made a revenue of $14 million.

= 26 - 14

= $12 million

Cali made $12 million more in 2009 than in 2005.

What would happen to the U.S. economy if all or most manufactures here made 80-85% of their own parts like SpaceX and Tesla?

Answers

Answer:

The U.S economy won't fall, but it will have some problems.

Explanation:

Now,

If all  manufactures start making their own parts, the U.S Government wont have any customers to buy the resources needed to make a part. These Manufacturers will have to make mines and factories of their own to do this. It is unlikely that manufacturers will make factories or mines to make their own parts because it is going to be a huge project and its going to cost a lot of money which will be a lose-lose situation because both the U.S and the manufacturers are not going to benefit.

Opportunity recognition is the process of identifying, ________, and developing new venture opportunities.

Answers

Answer:

Selecting

Explanation:

The answer has been added into the question in this paragraph. It is in bold letters. Opportunity recognition is the process of identifying, selecting, and developing new venture opportunities.

when we talk about opportunity recognition we are talking about the ability to perceive new ideas, opportunities for a business or venture. as well as also being on the lookout for ways to improve. a person could just come up with new money making venture, or he could come up with ways to improve an existing venture.

You work for an automotive parts distributor based in Ohio that is expanding operations in China. Management and operations employees that will be working with the Chinese division have been taking classes on Chinese culture and business customs.
a) Self-directed work groups and virtual teams
b) Heightened global competition
c) Changing communication technologies

Answers

Answer:

b) Heightened global competition

Explanation:

Since in the question it is mentioned that working as a distributor of an automative part i.e. based on the Ohia diversifies its business operations in China. Also the employees and the management are working with this division and taking the classes on the chinese culture and their customs in order to feel comfortable

So this scenario represents that the global competition is on the peak

Therefore the option b is correct

A large electric utility company spews million tons of greenhouse gases​ (mostly carbon​ dioxide) into the environment each year. This company has committed to spending ​$ billion in capital over the next five years to reduce its annual emissions by ​%. More will be spent after five years to reduce greenhouse gases further. a. What is the implicit cost of a ton of greenhouse​ gas

Answers

This question is incomplete, the complete question is;

A large electric utility company spews 62 million tons of greenhouse gases​ (mostly carbon​ dioxide) into the environment each year. This company has committed to spending ​$2.7 billion in capital over the next five years to reduce its annual emissions by ​4%. More will be spent after five years to reduce greenhouse gases further.

a. What is the implicit cost of a ton of greenhouse​ gas

b. if the United states produces 4 billion tons of greenhouse gases each year, how much capital must be spent to reduce total emission by 2% over the next five years based on your answer in part a).

Answer:

a) The implicit cost of greenhouse gas is $ 1,088.7097 per ton

b) $87.096 billion of capital must be spent to reduce total emissions by 2% over the next five years.

Explanation:

Given that;

Annual Emission = 62 million tons

Capital Spending = $2.7 billion

Annual Emission reduction = 5%

partA

Reduction in Emission = 62 million tons per year × 4/100 = 2.48 million tons of greenhouse gas per year

Implicit cost of reducing 1 ton of carbon dioxide = Cost invested / Annual gas release after reduction.

= $2.7 billion / $2.48 million = 2.7 × 10⁹ / 2.48 × 10⁶  = 1088.709 7

∴ The implicit cost of greenhouse gas is $ 1088.7097 per ton

part B

Reduction in Emission = 4 billion tons per year × 2/100 = 80,000,000 tons

Total Cost = 1088.709 × 80,000,000 = $87.096 billion

$87.096 billion of capital must be spent to reduce total emissions by 2% over the next five years.

a) The implicit cost of greenhouse gas is $ 1,088.7097 per ton

b) $87.096 billion of capital must be spent to reduce total emissions by 2% over the next five years.

Given that;

Annual Emission = 62 million tons Capital Spending = $2.7 billion Annual Emission reduction = 5%

(a)

Reduction in Emission = 62 million tons per year × 4%

= 2.48 million tons of greenhouse gas per year

Now  

Implicit cost of reducing 1 ton of carbon dioxide = Cost invested ÷ Annual gas release after reduction.

= $2.7 billion ÷ $2.48 million

= 2.7 × 10⁹ ÷ 2.48 × 10⁶  

= 1088.709 7

(b)

Reduction in Emission = 4 billion tons per year × 2%

= 80,000,000 tons

Total Cost = 1088.709 × 80,000,000

= $87.096 billion

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Consider Frank’s decision to go to college. If he goes to college, he will spend $21,000 on tuition, $11,000 on room and board, and $1,800 on books. If he does not go to college, he will earn $16,000 working in a store and spend $7,200 on room and board. What is Frank’s cost of going to college? Show the work

Answers

Answer:

wow

Explanation:

just wow

U.S. corporations account for 45% of global corporate wealth. An investor that has an objective of global investing would

Answers

Answer:

Explanation:

An investor that has this objective would spread its investments across both domestic and foreign securities, weighting investments based on performance expectations. This is because global investing focuses on investing in different countries around the world, while targeting the countries that are projected to experience faster growth than the rest of the world. Therefore diversifying the individual's portfolio in many of these types of countries would follow a global investment strategy.

Delineate and describe the difference between measuring human performance and task completion.

Answers

Explanation:

Put simply, to measure one's task completion simply involves checking to see whether what ought to be done has been done. However, to measure human performance checks to see whether what ought to be done has been done well by the individual.  

g A company issues a ten-year bond at par with a coupon rate of 6.5% paid semi-annually. The YTM at the beginning of the third year of the bond (8 years left to maturity) is 8.6%. What is the new price of the bond

Answers

Answer:

$880.31

Explanation:

Here for computing the new price of the bond we use the present value formula i.e. to be shown in the attachment

Given that,  

Assuming Future value = $1,000

Rate of interest = 8.6%  ÷ 2 = 4.3%

NPER = 8 years  × 2 = 16

PMT = $1,000 × 6.5% ÷  2 = $32.50

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after applying the above formula, the new price of the bond is $880.31

If the wagerental ratio in Japanese auto production is lower than the wagerental ratio in U.S. auto production, then:

Answers

Answer:

If the wage/rental ratio in Japanese auto production is lower than the wagerental ratio in U.S. auto production, then:

the labor wage cost when compared with another factor of production (capital or land) in Japan is lower than it is in the U.S.  This implies that Japan, which has labor in abundance compared to the scarcity  of labor in US, should continue auto production with labor, which is in abundance instead of using capital or another production factor, which is scarce and costly.

Explanation:

The Heckscher-Ohlin model proposed an economic model which encourages "countries to export what they can most efficiently and plentifully produce."  

Thus, the model emphasizes the export of goods requiring factors of production that a country has in abundance.  According to the Heckscher-Ohlin model, the wage/rental ratio, is computed with a comparison of the wage of labor to the rental price of either capital or land.

Spencer Co. has a $200 petty cash fund. At the end of the first month the accumulated receipts represent $43 for delivery expenses, $127 for merchandise inventory, and $12 for miscellaneous expenses. The fund has a balance of $18. The journal entry to record the reimbursement of the account includes a:_______.
a. Debit to Petty Cash for $200.
b. Debit to Cash Over and Short for $18
c. Credit to Cash for $182

Answers

Answer:

CR to Cash for $182

Explanation:

Based on the information given we were told that Spencer Co. has the amount of $200 as a petty cash fund and the fund as well has a balance of the amount of $18 this meas that the journal entry to record the reimbursement of the account includes a Credit to Cash for the amount of $182 calculated as:

CR to Cash for $182

($200-$18)

Which of the following marketing variables is concerned with design, quality, and packaging? O A. Promotion O B. Place O C. Price O D. Product SNBMIT​

Answers

Answer:

promotiopeicen

Explanation:

product

The marketing variable that is concerned with design, quality, and packaging is product. Thus, option (D) is correct.

What is Marketing?

Marketing refers to those activities which helps in the selling of the goods and services. It is the concept which starts with the creation of the idea for the fulfillment of the needs of the products. It is ending with receiving the feedback and satisfaction of the customers.

Marketing involves various activities such as product design, promotional activities, market research, quality check, distribution channels and satisfaction of the needs of the customers.

Therefore, it can be concluded that designing of the product and providing it with the optimum quality and attractive packaging is concerned with product variable of marketing mix. Hence, option (D) is correct.

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Consider the single factor APT. Portfolio A has a beta of 1.8 and an expected return of 21%. Portfolio B has a beta of .8 and an expected return of 21%. The risk-free rate of return is 12%. If you wanted to take advantage of an arbitrage opportunity, you should take a short position in portfolio __________ and a long position in portfolio _________.
A: A;A
B: A;B
C: B;B
D: B;A

Answers

Answer:

... you should take a short position in portfolio A and a long position in portfolio B.

B: A;B

Explanation:

Portfolio A:

21% = 12% + 1.8F

1.8F = 9%

F = 5%

Portfolio B:

21% = 12% + 0.8F

0.8F = 9%

F = 11.25%

Since Portfolio B's F = 11.25% > Portfolio A's F = 5%, then you should take a short position in Portfolio A and a long position in Portfolio B.

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