Creative Software Corporation is considering a new project whose data are shown below. The required equipment has a 3-year tax life, after which it will be worthless, and it will be depreciated by MACRS over 3 years. Revenues and other operating costs are expected to be constant over the project’s 3-year life. What is the project’s IRR and NPV? Briefly discuss your results. Equipment cost $65,000 Sales Revenue each year $60,000 Operating Costs $25,000 Salvage Value $15,000 Tax Rate 35%

Creative Software Corporation is considering a new project whose data are shown below. The required equipment has a 3-year tax life, after which it will be worthless, and it will be depreciated by MACRS over 3 years. Revenues and other operating costs are expected to be constant over the project’s 3-year life. What is the project’s NPV? Briefly discuss your results.

Equipment cost $65,000

Sales Revenue each year $60,000

Operating Costs                $25,000

Salvage Value                  $15,000

Tax Rate                           35%

Creative Software Corporation is considering a new project whose data are shown below. The required equipment has a 3-year tax life, after which it will be worthless, and it will be depreciated by MACRS over 3 years. Revenues and other operating costs are expected to be constant over the project’s 3-year life. The WACC is 8%. What is the project’s NPV? Briefly discuss your results.

Equipment cost $65,000

Sales Revenue each year $60,000

Operating Costs                $25,000

Salvage Value                  $15,000

Tax Rate                           35%

in 2018 the westgate construction company entered into a contract to construct a road for Santa Clara County for 10,000,000 The road was completed in 2020. Calculate the amount of revenue and gross profit to be recognized in each of the 3 years assuming the following costs to incur and costs to complete information. ( Do not round intermediate calculations and round your final answers to the nearest whole dollar amount.

   2018    2019 2020

Cost incurred during the year $2,016,000 3,890,000    3,290,000

Estimated cost to complete as of year end $5,184,000    3,190,000   

. A single-price monopolist has the schedules given in the table below.

a. Determine the profit-maximizing level of output, price as well as the amount of profit or loss at this level. Clarify how you obtain the answer.

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b. Compare between the perfect competition and monopoly market structure.

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Blossom Company shows the following balances in selected accounts of its adjusted trial balance.

Supplies $37,760

Supplies Expense 7,080

Accounts Receivable 14,160

Dividends 25,960

Retained Earnings 82,600

Service Revenue 127,440

Salaries and Wages Expense 47,200

Utilities Expense 9,440

Rent Expense 21,240

Prepare the remaining closing entries at December 31. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

In Chapter 1, you created two programs to display the motto for the Greenville Idol competition that is held each summer during the Greenville County Fair.

Now write a program named GreenvilleRevenuethat prompts a user for the number of contestants entered in last year’s competition and in this year’s competition.

• Display all the input data.
• Compute and display the revenue expected for this year’s competition if each contestant pays a $25 entrance fee.
• Also display a statement that indicates whether this year’s competition has more contestants than last year’s.

3. (a) Below is an extract from the Skills Development Levy Act No. 46 of 2016: “An Act to provide for the imposition, payment and collection of a skills development levy at the rate of 0.5 percent of gross emoluments; and to provide for matters connected with, or incidental to, the foregoing…” The levy is payable by employers. The levy will be collected by the Zambia Revenue Authority (ZRA) and paid into the Technical Education Vocational and Entrepreneurship Training Authority (TEVETA) Fund. Using an appropriate economic model, analyse the likely long-run effects of this Act on skills development, real wages and employment levels.

2. The cane industry is composed of a large number of identical rms. Each rm faces the following short-run total cost (SRTC) function: SRTC = 10 + 20q + 0.5q² where q is the output canes per day. (a) Find the short-run supply curve for each cane maker. (b) If the price of a cane is 30 TL, will the rm make a loss, a prot, or neither? At this price, calculate the output, average cost, marginal revenue, and prot/loss of the rm, and show on a properly-labeled graph.

Consider the case of a Foreign monopoly with no Home production, and assume that at Home the inverse demand equation is given by: ? = −20? + 2,000 and the Foreign monopolist has a constant marginal cost of $500 (MC*=500).

a) Write the equation of the Marginal Revenue (MR)

b) Calculate the quantity and price of equilibrium before the imposition of the tariff

Now assume that the Home country imposes a tariff of $250:

c) Calculate the new price paid by Home consumers

d) Calculate the net-of-tariff price received by the Foreign monopolist

Please show work.