Caradoc Machine Shop is considering a four-year project to improve its production efficiency. Buying a new machine press for $413,000 is estimated to result in $153,000 in annual pre-tax cost savings. The press falls into Class 8 for CCA purposes (CCA rate of 20% per year), and it will have a salvage value at the end of the project of $55,300. The press also requires an initial investment in spare parts inventory of $23,000, along with an additional $3,400 in inventory for each succeeding year of the project. If the shop’s tax rate is 35% and its discount rate is 9%.

Calculate the NPV of this project. (Do not round your intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.)

Boback Industries Inc. has developed a new drill press, model DP-18, that is designed to offer superior performance to a comparable press sold by Boback's main competitor. The competing press sells for $88,000 and needs to be replaced after 29,600 hours of use. It also requires $59,200 of preventive maintenance during its useful life. Model DP-18’s performance capabilities are similar to the competing product with two important exceptions—it needs to be replaced only after 118,400 hours of use and it requires $148,000 of preventive maintenance during its useful life.

From a value-based pricing standpoint what range of possible prices should Schimpf consider when setting a price for model DP-18?

Problem 10-21 Cost-Cutting Proposals [LO2]

Geary Machine Shop is considering a four-year project to improve its production efficiency. Buying a new machine press for $806,400 is estimated to result in $268,800 in annual pretax cost savings. The press falls in the MACRS five-year class (MACRS Table), and it will have a salvage value at the end of the project of $117,600. The press also requires an initial investment in spare parts inventory of $33,600, along with an additional $5,040 in inventory for each succeeding year of the project. Required : If the shop's tax rate is 33 percent and its discount rate is 16 percent, what is the NPV for this project? (Do not round your intermediate calculations.) rev: 09_18_2012

a. $-92,727.18

b. $-89,758.54

c. $-169,990.58

d. $-97,363.54

e. $-88,090.82

What is the role of art in your life?

In this discussion, I'd like you to think about aesthetics. Your text describes several categories of art: oral, plastic, graphic and performance. Describe your participation in art and consider the role of aesthetics in your life.
You can also write about how art is used to either support or challenge the social orde

After a rash of injuries and deaths in the Big Choke Coal Mine, members of the Parliamentary Workplace Safety Committee are holding public hearings about proposed regulations to increase the level of safety at the Big Choke Mine.

a) An economist trained in the neoclassical theory of compensating wages is hired by the mine company to testify at the committee meeting. She argues that wages at the mine are higher than at any other mine, and that by legislating a higher level of safety, the workers will be made worse off. Outline and evaluate the argument of this economist, describing the conditions under which she makes the correct policy recommendation. Use graphic analysis to illustrate this argument. b) An economist trained in the theory of imperfect information and behavioral economics is hired by the union representing mine workers. He argues that introducing new safety regulations at the Big Choke Mine may lead to the mine workers being better off. Outline and evaluate the argument of the workers’ economist, describing the conditions under which he has the correct policy recommendation. Use graphic analysis to illustrate this argument.

Adam runs his own marketing business in Australia. During the year he incurred the following expenses: a) salary costs of $500,000. b) salary costs of $9,000 for his son who did some graphic design work for him as he was studying graphic design at university. The work took approximately 19 hours to complete. c) $1200 on membership to the local bowls club where he entertains clients. d) $3,000 on smart clothing that he considered necessary to portray the correct image to his clients. e) $8,500 on meal expenses for his important clients. f) Interest cost of $8,400 on a loan he took out to start up the business. g) $4,000 in travelling from home to work. h) $8,500 in telephone bills, of which he estimates 80% to be used for calling clients. i) $9,000 on airfare and accommodation to a marketing conference. j) $600 charged by his accountant to complete his tax return for the year. Advise Adam as to the deductibility of the above expenses. Ensure to make reference to relevant legislation

You have isolated two novel compounds, Compound X and Compound Y, which you suspect might be carcinogenic in some way. Based on their chemical characteristics, you hypothesize that Compound X is a cancer initiator and Compound Y is a cancer promoter. Design an experiment to test your hypothesis.

There are 350,000 species of angiosperms, and there are less than 40,000 species of all other land plants combined. What specific evolutionary innovations related to angiosperm reproductive biology were likely involved with this explosion in biodiversity? In what way did these novel features allow angiosperms to become so diverse.

Question 3: An early criticism of reinforcement theory is that it can only account for the repetition of highly stereotyped behaviors produced in response to specifically trained stimuli (i.e. cannot account for behavior variability, or for the ability of novel stimuli to elicit learned behavior). Describe at least two experiments that refute this criticism.