It costs $75 per day for each day that a construction crew is on site. The project manager determines that most activities can be crashed and has listed the crashing costs next to the minimum time for each activity. Use this information to determine the lowest cost for this project. All times given are in days.

1750
1780
1720
1810

Sister Pools sells outdoor swimming pools and currently has an aftertax cost of capital of 11.6 percent. Al's Construction builds and sells water features and fountains and has an aftertax cost of capital of 10.3 percent. Sister Pools is considering building and selling its own water features and fountains. The sales manager of Sister Pools estimates that the water features and fountains would produce 20 percent of the firm's future total sales. The initial cash outlay for this project would be $85,000. The expected net cash inflows are $17,000 a year for 7 years. What is the net present value of the Sister Pools project?

Gibson Construction Company expects to build three new homes during a specific accounting period. The estimated direct materials and labor costs are as follows: Expected Costs Home 1 Home 2 Home 3 Direct labor $ 80,000 $ 94,000 $ 187,000 Direct materials 92,000 139,000 195,000 Assume Gibson needs to allocate two major overhead costs ($54,150 of employee fringe benefits and $12,780 of indirect materials costs) among the three jobs. Required Choose an appropriate cost driver for each of the overhead costs and determine the total cost of each house. (Round "Allocation rate" to 2 decimal places.)

Benson Construction Company expects to build three new homes during a specific accounting period. The estimated direct materials and labor costs are as follows:

Assume Benson needs to allocate two major overhead costs ($36,000 of employee fringe benefits and $13,050 of indirect materials costs) among the three jobs.

Required

Choose an appropriate cost driver for each of the overhead costs and determine the total cost of each house. (Round "Allocation rate" to 2 decimal places.)

Your company has just signed a​ three-year nonrenewable contract with the city of New Orleans for earthmoving work. You are investigating the purchase of heavy construction equipment for this job. The equipment costs ​$192,000 and qualifies for​ five-year MACRS depreciation. At the end of the​ three-year contract, you expect to be able to sell the equipment for $70,000. If the projected operating expense for the equipment is ​$70,000 per​ year, what is the​ after-tax equivalent uniform annual cost​ (EUAC) of owning and operating this​ equipment? The effective income tax rate is 28​%, and the​ after-tax MARR is 11​% per year.

The​ after-tax equivalent uniform annual cost is $?

Problem 5-3 The adjusted trial balance of Concord Company and other related information for the year 2017 are presented as follows. CONCORD COMPANY ADJUSTED TRIAL BALANCE DECEMBER 31, 2017 Debit Credit Cash $ 45,130 Accounts Receivable 167,630 Allowance for Doubtful Accounts $ 9,200 Prepaid Insurance 6,400 Inventory 212,630 Equity Investments (long-term) 343,130 Land 89,130 Construction in Progress (building) 128,130 Patents 36,000 Equipment 404,130 Accumulated Depreciation-Equipment 240,500 Discount on Bonds Payable 20,000 Accounts Payable 152,130 Accrued Liabilities 53,330 Notes Payable 98,130 Bonds Payable 204,130 Common Stock 504,130 Paid-in Capital in Excess of Par-Common Stock 45,000 Retained Earnings 145,760 $1,452,310 $1,452,310 Additional information: 1. The LIFO method of inventory value is used. 2. The cost and fair value of the long-term investments that consist of stocks and bonds is the same. 3. The amount of the Construction in Progress account represents the costs expended to date on a building in the process of construction. (The company rents factory space at the present time.) The land on which the building is being constructed cost $89,130, as shown in the trial balance. 4. The patents were purchased by the company at a cost of $40,000 and are being amortized on a straight-line basis. 5. Of the discount on bonds payable, $2,000 will be amortized in 2018. 6. The notes payable represent bank loans that are secured by long-term investments carried at $124,130. These bank loans are due in 2018. 7. The bonds payable bear interest at 8% payable every December 31, and are due January 1, 2028. 8. 600,000 shares of common stock of a par value of $1 were authorized, of which 504,130 shares were issued and outstanding. Prepare a balance sheet as of December 31, 2017, so that all important information is fully disclosed. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Building and Equipment. Enter account name only and do not provide the descriptive information provided in the question.) CONCORD COMPANY Balance Sheet Assets $ $ : $ Cost of Uncompleted Plant Facilities : $ Liabilities and Stockholders' Equity $ $ : $ $

The Utah Mining Corporation is set to open a gold mine near Provo, Utah. According to the treasurer, Monty Goldstein, “This is a golden opportunity.” The mine will cost $4,000,000 to open and will have an economic life of 11 years. It will generate a cash inflow of $505,000 at the end of the first year, and the cash inflows are projected to grow at 8 percent per year for the next 10 years. After 11 years, the mine will be abandoned. Abandonment costs will be $560,000 at the end of Year 11.

Quantum Logistics, Inc., a wholesale distributor, is considering constructing a new warehouse to serve the southeastern geographic region near the South Carolina-Georgia border. There are three cities being considered. After site visits and a budget analysis, the expected income and costs associated with locating in each of the cities have been determined. The life of the warehouse is expected to be 12 years, and MARR is 15 percent / year. Based on an internal rate of return analysis, which city should be recommended?

case study question

Miss Yinnary is one of the many women who own their own businesses and her experience is not very different from others, who must contend with being a mother, a spouse and a family cheerleader in addition to owning and operating a business.

She is the owner of the famous Y-Hotel. It was her first business, though she had some family background in this business. Her two sisters were also in the same line of business. But she borrowed some money, put in some of her savings and started her own venture. She was the first woman ever to enter into this business, most of her clients could not understand that a woman could be interested in the hospitality industry. To Step up her game in the hospitality Industry , Miss Yinari is seeking someone who understands innovative entrepreneurship to assist her.

During her rise to success and in management of her hotel business, she also needs to manage a family, stay teaching in university and dealing with community affairs. In her mind, there is nothing more exhilarating than owning her own business, and for her, the fun is in facing the challenges of turning the hotel into a first ever hotel that provide customers an unforgettable experience with innovation

In the present time, more women are making this choice, pursuing entrepreneurship rather than staying as housewives or traditional careers. For the past few years, the number of women starting new ventures is three times as large as the number of men. There are several good reasons for this trend. Some women find that owning a business is the only way to combine a decent income with time for their children by having the flexibility to control their schedules. Others see themselves as unlikely corporate managers and recognizing the gender problem that exists for achieving success, they choose the entrepreneurial route. Still others see entrepreneurship as a way of controlling their lives, pursuing interests that would be impossible in a corporate job.

The dual roles of mother and entrepreneur often conflict, and husbands and wives

tend to develop separate career tracks that often cannot be reconciled. Women can

also find it lonely in a business world, especially if clients are predominantly men,

this was a problem for Yinari too.

Many women, however, have businesses that fit well with their interest and with

women customers. These include services in beauty care, nutrition, education,

entertainment etc. Nevertheless, being in business often exacts a double price for

women, yet for those with determination like Yinari, the rewards are always waiting.

Your Task as Business Consultant , Prepare a report regarding the following issues below :

a.Find a profile of successful Local and International Entrepreneur Women in the hospitality industry and explain the factors that drive their success !

b. As a business consultant, what is the Innovation that you will suggest to miss Yinnary for her hotel? Explain

Garnet, Inc., has a target debt-equity ratio of 0.39. Its WACC is 11.7 %, and the tax rate is 31 %

If you know that the after-tax cost of debt is 5.8%, what is the cost of equity? (Report answer in percentage terms and round to 2 decimal places. Do not round intermediate calculations).