1. Karsted Air Services is now in the final year of a project. The equipment originally cost $20 million, of which 75% has been depreciated. Karsted can sell the used equipment today for $5 million, and its tax rate is 40%. What is the equipment's after-tax salvage value? Round your answer to the nearest dollar. Write out your answer completely. For example, 13 million should be entered as 13,000,000.
2. Project L costs $48,152.88, its expected cash inflows are $10,000 per year for 10 years, and its WACC is 10%. What is the project's IRR? Round your answer to two decimal places.
3. Project L costs $40,000, its expected cash inflows are $10,000 per year for 9 years, and its WACC is 9%. What is the project's NPV? Round your answer to the nearest cent. Do not round your intermediate calculations.
Can you please show work or give steps on how the answer was found?
In: Finance
Calculate 3-year property MACRS percentages. Show all your work.c
In: Accounting
| Year | Proportion of Graduates in STEM that have regrets about their choice in major | Proportion of Graduates in non-STEM fields that have regrets about their choice in major |
| 2014[1] Data | 60/250=0.24 | 175/529=0.331 |
For the 2014 sample data, what is the value of the sample statistic? (Round to 3 decimal places.)
For the 2014 sample data,what is the value of the pooled proportion? (Round to 3 decimal places.)
For the 2014 sample data, what is the value of the standard error for the hypothesis test? (Round to 3 decimal places.)
For the 2014 sample data, what is the value of the test statistic? (Round to 3 decimal places.)
For the 2014 sample data, what is the p-value? (Round to 3 decimal places.)
In: Statistics and Probability
Marshall is an obese 50 year old man that has a family history of hyperlipidemia, and lab work from a recent physical demonstrated elevated lipid levels. The health care team has decided to prescribe lovastatin.
a. What are the concerns for teenagers who are taking lovastatin?
b. What classification of lipid-lowering medication is lovastatin, and how does it work?
c. What impact does weight, specifically obesity, have on lipid levels?
In: Nursing
On January 8, the end of the first weekly pay period of the
year, Regis Company's employees earned $25,760 of office salaries
and $70,840 of sales salaries. Withholdings from the employees'
salaries include FICA Social Security taxes at the rate of 6.2%,
FICA Medicare taxes at the rate of 1.45%, $13,160 of federal income
taxes, $1,390 of medical insurance deductions, and $880 of union
dues. No employee earned more than $7,000 in this first
period.
Required:
1.1 Calculate below the amounts for each of these
four taxes of Regis Company. Regis’s state unemployment tax rate is
5.4% of the first $7,000 paid to each employee. The federal
unemployment tax rate is 0.6%.
1.2 Prepare the journal entry to record Regis
Company's January 8 employee payroll expenses and
liabilities.
2. Prepare the journal entry to record Regis’s
employer payroll taxes resulting from the January 8 payroll.
Regis’s state unemployment tax rate is 5.4% of the first $7,000
paid to each employee. The federal unemployment tax rate is
0.6%.
In: Accounting
In a particular year, 68% of online courses taught at a system of community colleges were taught by full-time faculty. To test if 68% also represents a particular state's percent for full-time faculty teaching the online classes, a particular community college from that state was randomly selected for comparison. In that same year, 31 of the 44 online courses at this particular community college were taught by full-time faculty. Conduct a hypothesis test at the 5% level to determine if 68% represents the state in question.
d) State the distribution to use for the test. (Round your standard deviation to four decimal places.)
f) What is the p-value? (Round your answer to four decimal places.)
g) Sketch a picture of this situation. Label and scale the horizontal axis and shade the region(s) corresponding to the p-value.
i) Construct a 95% confidence interval for the true proportion. Sketch the graph of the situation. Label the point estimate and the lower and upper bounds of the confidence interval. (Round your answers to four decimal places.)
In: Statistics and Probability
DataSpan, Inc., automated its plant at the start of the current year and installed a flexible manufacturing system. The company is also evaluating its suppliers and moving toward Lean Production. Many adjustment problems have been encountered, including problems relating to performance measurement. After much study, the company has decided to use the performance measures below, and it has gathered data relating to these measures for the first four months of operations.
| Month | ||||||||
| 1 | 2 | 3 | 4 | |||||
| Throughput time (days) | ? | ? | ? | ? | ||||
| Delivery cycle time (days) | ? | ? | ? | ? | ||||
| Manufacturing cycle efficiency (MCE) | ? | ? | ? | ? | ||||
| Percentage of on-time deliveries | 82 | % | 77 | % | 74 | % | 71 | % |
| Total sales (units) | 2100 | 2010 | 1907 | 1835 | ||||
Management has asked for your help in computing throughput time, delivery cycle time, and MCE. The following average times have been logged over the last four months:
| Average per Month (in days) | |||||||||
| 1 | 2 | 3 | 4 | ||||||
| Move time per unit | 0.6 | 0.3 | 0.4 | 0.4 | |||||
| Process time per unit | 2.3 | 2.2 | 2.1 | 2.0 | |||||
| Wait time per order before start of production | 20.0 | 21.9 | 26.0 | 28.0 | |||||
| Queue time per unit | 4.7 | 5.5 | 6.4 | 7.4 | |||||
| Inspection time per unit | 0.8 | 1.1 | 1.1 | 0.8 | |||||
Required:
1-a. Compute the throughput time for each month.
1-b. Compute the delivery cycle time for each month.
1-c. Compute the manufacturing cycle efficiency (MCE) for each month.
2. Evaluate the company’s performance over the last four months.
3-a. Refer to the move time, process time, and so forth, given for month 4. Assume that in month 5 the move time, process time, and so forth, are the same as in month 4, except that through the use of Lean Production the company is able to completely eliminate the queue time during production. Compute the new throughput time and MCE.
3-b. Refer to the move time, process time, and so forth, given for month 4. Assume in month 6 that the move time, process time, and so forth, are again the same as in month 4, except that the company is able to completely eliminate both the queue time during production and the inspection time. Compute the new throughput time and MCE.
In: Accounting
Complete the model and state the cash balance required to balance the balance sheet in Year 1.
| Assumptions | Year 0 | Year 1 |
| Investments growth | 5.0 | |
| Accounts payable % net income | 50.0% | |
| Long term debt increase (decrease) | 1.0 | |
| Income statement | Year 0 | Year 1 |
| Net income | 12.0 | 14.0 |
| Balance sheet | Year 0 | Year 1 |
| Cash | 12.0 | |
| Investments | 60.0 | |
| Total assets | 72.0 | |
| Accounts payable | 12.0 | |
| Long term debt | 20.0 | |
| Equity | 40.0 | |
| Total liabilities and equity | 72.0 | |
| Check | OK | |
| Cash flow statement | ||
| Net income | ||
| Increase (decrease) in accounts payable | ||
| Cash flow from operations | ||
| (Increase) decrease in investments | ||
| Cash flow from investing activities | ||
| Inc (dec) in long term debt | ||
| Cash flow from financing activities | ||
| Beginning cash | ||
| Net cash flow | ||
| Ending cash | 12 |
In: Accounting
DataSpan, Inc., automated its plant at the start of the current year and installed a flexible manufacturing system. The company is also evaluating its suppliers and moving toward Lean Production. Many adjustment problems have been encountered, including problems relating to performance measurement. After much study, the company has decided to use the performance measures below, and it has gathered data relating to these measures for the first four months of operations.
| Month | ||||||||
| 1 | 2 | 3 | 4 | |||||
| Throughput time (days) | ? | ? | ? | ? | ||||
| Delivery cycle time (days) | ? | ? | ? | ? | ||||
| Manufacturing cycle efficiency (MCE) | ? | ? | ? | ? | ||||
| Percentage of on-time deliveries | 91 | % | 86 | % | 82 | % | 78 | % |
| Total sales (units) | 3030 | 2900 | 2752 | 2649 | ||||
Management has asked for your help in computing throughput time, delivery cycle time, and MCE. The following average times have been logged over the last four months:
| Average per Month (in days) | |||||||||
| 1 | 2 | 3 | 4 | ||||||
| Move time per unit | 0.9 | 0.7 | 0.9 | 0.9 | |||||
| Process time per unit | 2.9 | 2.8 | 2.7 | 2.6 | |||||
| Wait time per order before start of production | 19.0 | 20.8 | 23.0 | 24.8 | |||||
| Queue time per unit | 4.4 | 5.1 | 5.9 | 6.8 | |||||
| Inspection time per unit | 0.7 | 0.9 | 0.9 | 0.7 | |||||
Required:
1-a. Compute the throughput time for each month.
1-b. Compute the delivery cycle time for each month.
1-c. Compute the manufacturing cycle efficiency (MCE) for each month.
2. Evaluate the company’s performance over the last four months.
3-a. Refer to the move time, process time, and so forth, given for month 4. Assume that in month 5 the move time, process time, and so forth, are the same as in month 4, except that through the use of Lean Production the company is able to completely eliminate the queue time during production. Compute the new throughput time and MCE.
3-b. Refer to the move time, process time, and so forth, given for month 4. Assume in month 6 that the move time, process time, and so forth, are again the same as in month 4, except that the company is able to completely eliminate both the queue time during production and the inspection time. Compute the new throughput time and MCE.
In: Accounting
A project requires $178,077 of equipment that is classified as 7-year property. What is the book value of this asset at the end of year 5 given the following MACRS depreciation allowances, starting with year one: 14.29, 24.49, 17.49, 12.49, 8.93, 8.92, 8.93, and 4.46 percent?
Enter your answer rounded off to two decimal points.
In: Accounting