Water will be pumped from a reservoir free surface of which is at an elevation of “z1” to reservoir the free water surface of which is at “z2”. Both of the reservoirs’ free surfaces at atmospheric pressures.Design a piping system that transmits water from the lower reservoir to the upper reservoir at a volumetric flow rate of Q (m3 /h).

Q = 200 (m3/h) Za = 10(m) Zb= 60 (m) Zc = 75 (m) L1=200 (m) L2=125 (m) "Pipe material is "Commercial Stainless Steel" "

1) Consider necesssary fittings( valves, elbows….)

2) Given data and cost elements, determine the optimum pipe diameter of the system . In order to do this:

3) Write the energy equation between z1 and z2 by taking the major losses associated with the pipe, minor losses associated with the fittings, sudden contraction, and expansion regions inside the system and the pump total head rise ”hp” into account .

4) The average velocity of the water inside your piping system should be between 0.1 and 5 m/s. 5) Calculate the head rise “hp” that must be provided by the pump.

6) Choose a pump that provides a head rise of ”hp” (that you calculated) near its most efficient working flow rate at your given flowrate Q from the local manufacturer’s catalogues.

7) Find the cost of the pipe per one meter (TL/m) and unit electricity price ( TL/kWh). Neglect cost of the pump or pumps.

8) Calculate the cost of the system for one year: Obtain the graph which shows the variation of the capital cost, the energy cost and the total cost in function of the pipe diameter for working of the pump at a rate of 24 hours/day for one year.

9) If head loss from reservoir to pump inlet is 0.8 m, where should the pump inlet be placed to avoid cavitation for water at 15°C, pv= 1.71 kPa absolute?.

10)Check the absolute pressure at point C.

11) Draw a schematic representation of the system.

12) Give necessary technical drawings of the pipe and give schematic representations of the chosen minor loss elements.

13) Give the performance characteristics chart of the chosen pump and the technical drawing of it.

Required information

[The following information applies to the questions displayed below.]

Craft Pro Machining produces machine tools for the construction industry. The following details about overhead costs were taken from its company records.

Additional information on the drivers for its production activities follows.

2, 3 & 4. Compute the activity overhead rates using ABC. Combine the grinding and polishing activities into a single cost pool. Determine overhead costs to assign to the following jobs using ABC. What is the overhead cost per unit for Job 3175? What is the overhead cost per unit for Job 4286? (Round your activity rate and average overhead cost per unit to 2 decimal places. Round "overhead assigned" to the nearest whole dollar.)

Canyon Buff Corp. has developed a new construction chemical that greatly improves the durability and weatherability of cement-based materials. After spending $500,000 on the research of the potential market for the new chemical, Canyon Buff is considering a project that requires an initial investment of $9,000,000 in manufacturing equipment.

 The equipment must be purchased before the chemical production can begin. For tax purposes, the equipment is subject to a 5-year straight-line depreciation schedule, with a projected zero salvage value. For simplicity, however, we will continue to assume that the asset can actually be used out into the indefinite future (i.e., the actual useful life is effectively infinite).

 Canyon Buff anticipates that the sales will be $30,000,000 in the first year (Year 1). They expect that sales will initially grow at an annual rate of 6% until the end of sixth year. After that, the sales will grow at the estimated 2% annual rate of inflation in perpetuity.

 The cost of goods sold is estimated to be 72% of sales.

 The accounting department also estimates that at introduction in Year 0, the new product's required initial net working capital will be $6,000,000. In future years accounts receivable are expected to be 15% of the next year sales, inventory is expected to be 20% of the next year's cost of goods sold and accounts payable are expected to be 15% of the next year's cost of goods sold.

 The selling, general and administrative expense is estimated to be $6,000,000 per year, but $1 million of this amount is the overhead expense that will be incurred even if the project is not accepted.

 The market research to support the product was completed last month at a cost of $500,000 to be paid by the end of next year.

 The annual interest expense tied to the project is $1,000,000.

 Canyon Buff has a cost of capital of 20% and faces a marginal tax rate of 30% and an average tax rate is 20%.

Determine the NPV of the project.

To illustrate and further support our strategic financial planning systems we need to show the CFO and management team an example of the application of the previously constructed WACC. The CFO thinks that showing management how we can validate and choose projects based on expected returns developed from the WACC will help reduce risk of our investor's capital thus lowering the required rate of return we would have to provide to those investors. If we lower our expected return we can then do more projects and grow at a faster rate.

He has asked your team to evaluate the following project:

Capital investment: Acme is planning construction of a new loading ramp for its single iron mill. The initial cost of the investment is $1 million. Efficiencies from the new ramp are expected to reduce costs by $100,000 for the life of the plant which is currently estimated at another 30 years. The $100,000 cost savings is per year for the 30 year life of the project. When will this project break-even on a simple cash basis and a discounted cash basis. What is the NPV of the project if Acme has an after tax cost of debt of 8% and a cost equity of 12% (they are currently funded equally by debt and equity)?

Concept Check: We need to adjust cash flows to account for things like inflation, our cost of capital and opportunity costs. Simply looking at cash flow not adjusted for some of these costs will lead to taking on projects which are not really adding to the value of the organization.

Helpful Hint: The first step in conducting an NPV analysis is to include all the relevant cash flows. This includes savings from taxes and any expenses directly related to the venture. We reject any project with a negative NPV.

Marigold Inc. has two types of handbags: standard and custom. The controller has decided to use a plantwide overhead rate based on direct labor costs. The president has heard of activity-based costing and wants to see how the results would differ if this system were used. Two activity cost pools were developed: machining and machine setup. Presented below is information related to the company’s operations.

Total estimated overhead costs are $297,600. Overhead cost allocated to the machining activity cost pool is $192,000, and $105,600 is allocated to the machine setup activity cost pool.

(a)

New attempt is in progress. Some of the new entries may impact the last attempt grading.Your answer is incorrect.

Compute the overhead rate using the traditional (plantwide) approach. (Round answer to 2 decimal places, e.g. 12.25.)

Compute the overhead rate using activity based approach

Machine $ per hour

Machine set up per hour $

Lastly determine the difference between the two approaches

Traditonal costing

standard $

custom $

Activity based costing

standard

custom

Problem 14-1 (All answers were generated using 1,000 trials and native Excel functionality.) The management of Brinkley Corporation is interested in using simulation to estimate the profit per unit for a new product. The selling price for the product will be $45 per unit. Probability distributions for the purchase cost, the labor cost, and the transportation cost are estimated as follows:

(a) Compute profit per unit for base-case, worst-case, and best-case.

Profit per unit for base-case:$

Profit per unit for worst-case: $

   Profit per unit for best-case: $

(b) Construct a simulation model to estimate the mean profit per unit. If required, round your answer to the nearest cent.

   Mean profit per unit = $

(c) Why is the simulation approach to risk analysis preferable to generating a variety of what-if scenarios?

(d) Management believes that the project may not be sustainable if the profit per unit is less than $5. Use simulation to estimate the probability the profit per unit will be less than $5. If required, round your answer to a one decimal digit percentage. %

Forester Company has five products in its inventory. Information about the December 31, 2018, inventory follows.

The cost to sell for each product consists of a 15 percent sales commission. The normal profit percentage for each product is 25 percent of the selling price.

Required:
1. Determine the carrying value of inventory at December 31, 2018, assuming the lower of cost or market (LCM) rule is applied to individual products.
2a. Determine the carrying value of inventory at December 31, 2018, assuming the LCM rule is applied to the entire inventory.
2b. Assuming inventory write-downs are usual business practice for Forester, record any necessary year-end adjusting entry.

Determine the carrying value of inventory at December 31, 2018, assuming the lower of cost or market (LCM) rule is applied to individual products. (Do not round intermediate calculations.)