Nautical Creations is one of the largest producers of miniature ships in a bottle. An especially complex part of one of the ships needs special production equipment that is not useful for other products. The company purchased this equipment early in 2015 for $200,000. It is now early in 2019, and the manager of the Model Ships Division, Jeri Finley, is thinking about purchasing new equipment to make this part. The current equipment will last for four more years with zero disposal value at that time. It can be sold immediately for $40,000. The following are last year's total manufacturing costs, when production was 8,200 ships:
Direct materials | $31,570 |
Direct labor | 31,160 |
Variable overhead | 13,530 |
Fixed overhead | 37,720 |
Total | $113,980 |
The cost of the new equipment is $140,000. It has a four year useful life with an estimated disposal value at that time of $50,000. The sales representative selling the new equipment stated, "The new equipment will allow direct labor and variable overhead combined to be reduced by a total of $2.25 per unit." Finley thinks this estimate is accurate, but also knows that a higher quality of direct material will be necessary with the new equipment, costing $0.15 more per unit. Fixed overhead costs will increase by $4,100.
Finley expects production to be 8,650 ships in each of the next four years. Assume a discount rate of 5%.
REQUIRED
1. What is the difference in net present values if Nautical
Creations buys the new equipment instead of keeping their current
equipment?
In: Accounting
A gamma ray of exactly 1.022 MeV produces an e+ and e-. The e+ and e- have zero momentum.
a) What is the momentum of the gamma ray?
b) Where does the momentum go to keep conservation of momentum.
In: Physics
Explain the role of the market for loanable funds in sustainable economic growth. (long answer question)
In: Economics
when the National Park Service picks a single
privately owned firm to be the sole seller of food and other Goods
in the US National Parks, this is an example of the creation of
a
A. natural monopoly
B. legal monopoly
C. strategic resource monopoly
In: Economics
CPA Ethics
Business Partners
Michael, who is a licensed CPA, provides tax services for a general partnership client XYZ Partners. The partnership has two partners. One partner Susan owns 70% share of the partnership, and the other partner Tim owns the remaining 30% share. Susan, the majority partner also engages Michael separately to provide individual tax preparation services. Michael has worked for the partnership and its majority partner for the past three years. One day Susan requests Michael's confidential advice and guidance regarding how to finance some large debts she has accumulated. Without hesitation, Michael provides Susan with some preliminary advice. However, Susan later sends Michael an e-mail suggesting that he come up with some "creative financing" regarding the partnership to help deal with this debt. Susan also reminds Michael not to share any of her problems with Tim, the minority partner. Susan's request troubles Michael and puts him in an awkward position: maintaining confidentiality of the information could jeopardize Michael's obligation to the minority partner.
What should Michael do?
Can someone please help me with this ethical dilemma?
In: Economics
Can I get the answers to these with work shown? 2, 3, 4, and 5 only please.
1. The following two linear functions represent a market (thus one is a supply function, the other a demand function). Circle the answer closest to being correct. Approximately what will the quantity demanded be if the government controls the market price to be $1.50 (You must first find the market equilibrium price and quantity in order to see how the $1.50 relates to them)?
Q = 100 – 4.6P and Q = 75 + 6.2P
Qd=100-4.6P Qs=75+6.2P P=$1.50
Qd=Qs 100-4.6P=75+6.2P = 25=10.8P P=2.31
P=1.50 Qd=100-4.6P =100-4.6(1.5) =100-6.9 =93.1
2. There has been a change in the market (represented in 1 above). The change is represented by the following two equations. Circle the one correct conclusion that describes the market change.
Q = 85 + 6.2P and Q = 100 – 4.6P
3. Circle the function on the answer sheet that represents the marginal revenue (MR) function for this demand function: Q = 100 – 3P
4. Circle the quantity that maximizes total revenue (TR) for the marginal revenue (MR) function selected in number three (3).
5. If supply decreases and demand also increases, we can conclude that the new equilibrium:
In: Economics
The country of Turkey, between 1988 and 2003 had inflation of about 60%
per year, peaking at 125% in the mid-1990s. What was its likely cause?
In: Economics
Change is inevitable! Our world is constantly changing, and we MUST change as well. We must embrace change and ride the wave of change in such turbulent times (Lamarre, 2006). Particularly within such volatile times. What is CHANGE? Is change positive, negative, or both? Explain.
In: Operations Management
Suppose that the demand curve for barley can be characterized by the equation P = 100 - 2Qd. Suppose further that price was $10.00 and a $10.00 tax is imposed on the market. a) How many barleys would be purchased at a price of $10.00? After tax? b) What is the amount of tax revenue generated by the tax? c) How much excess burden is generated by the tax? d) What is the amount of consumer surplus before and after the tax? What is the difference in consumer surplus? Is it equal to excess burden plus the tax revenue?
In: Economics
Write a narrative essay on A time that you experienced something spooky within 300 words.
In: Psychology
After a careful evaluation of investment alternatives and opportunities, Masters School Supplies has developed a CAPM-type relationship linking a risk index to the required return (RADR), as shown in the table
LOADING...
.
The firm is considering two mutually exclusive projects, A and B. Following are the data the firm has been able to gather about the projects.
Project A |
Project B |
|
Initial investment
(CF 0CF0) |
$ 22 comma 000$22,000 |
$ 30 comma 000$30,000 |
Project life |
77 years |
77 years |
Annual
cash inflow
(CF nbspCF ) |
$ 6 comma 000$6,000 |
$ 10 comma 900$10,900 |
Risk index |
0.60.6 |
1.61.6 |
All the firm's cash flows for each project have already been adjusted for taxes.
a. Evaluate the projects using risk-adjusted discount
rates.
b. Discuss your findings in part
(a),
and recommend the preferred project.
a. The net present value for project A is
$______
(Round to the nearest cent.)
Risk index |
Required return (RADR) |
0.0 |
7.1 %7.1% (risk-free rate,Upper R Subscript Upper FRF) |
0.2 |
8.0 |
0.4 |
8.9 |
0.6 |
9.8 |
0.8 |
10.7 |
1.0 |
11.6 |
1.2 |
12.5 |
1.4 |
13.4 |
1.6 |
14.3 |
1.8 |
15.2 |
2.0 |
16.1 |
In: Finance
2. [1.1, 2.1, 2.2] In the recruitment process of a well-known Seattle hi-tech firm, résumés for a posted position are collected in an electronic drop box. An automatic sorting algorithm supervised by a junior recruiter whittles down the submitted résumés to an initial shortlist. All résumés in this shortlist go through the next three steps.
(1) Resource-type "junior HR person" checks the résumé for information about all non-technical aspects and ranks (fit ranking) all shortlisted candidates on a fit-to-firm scale. This takes about 8 minutes per résumé. (2) Resource-type "technical person" (usually with some help from the group that has posted the position) checks the résumé for evidence of technical skills and ranks the shortlisted candidates on a technical scale (technical ranking). This takes about 5 minutes per résumé. (3) There are two resources of resource-type "senior HR executive" who are charged with conducting preliminary phone conversation of about 24 minutes with each shortlisted candidate. That is, each shortlisted candidate get to have a conversation with any one of the two senior HR executives and the conversation takes 24 minutes.
To define the process boundary, we focus on three steps described above that are performed on all shortlisted candidates. Flow unit is shortlisted résumé.
(a) What is the capacity of each resource-type and capacity of the process in units per hour? Which resource-type is the bottleneck?
(b) What will be your suggestion (in words) to improve the capacity of the process? Going beyond your suggestion, if we can somehow manage to completely balance the process by redistributing work between different resource-types, what is the maximum possible capacity of the process?
In: Operations Management
You are attending a conference of business leaders in Vancouver and you have been asked to defend the high tax regime in Canada. In the form of a speech, beginning with “Dear Ladies and Gentlemen,...” defend the high taxation of 31% national average in the country.
Use the cost/benefit analysis discussed in class as part of your defense. In the course of your defense, be sure to discuss at least two tax categories in support. You can also use the impressive economy/financial response of the Canadian government in the ongoing COVID-19 health crisis as part of your support. (Please note that one, two or three lines responses would not have enough details to give you good marks on this question. The more details the more chances of good marks.) .
In: Economics
In our experiment we used a block with different materials on its sides. One side was wood, the other was felt, the last was cork. We then used attached a string to the block and put that over a levey. At the end of it was a hanging mass. The mass of the block mentioned in the questions below is in reference to the mass of the block on the horizontal surface (not the hanging mass) Please answer the questions conceptually. If you feel the need to mark this question as "needs more information" then please do not attempt to answer this question. I appreciate the help.
1. How does the coefficient of kinetic friction vary with the mass of the block? Please explain the "why" behind these answers. I heard that number 1 has no change in kinetic friction, but why? I thought that as the mass of the block increased, the change in acceleration would cause a change in friction? Please explain in detail.
2. How does the coefficient of static friction compare to the coefficient of kinetic friction for the same surface material. (woode felt, and cork). For 2, why is one greater than the other? Is it according to some law or theory? Please explain why.]
In: Physics
Compare Mussolini’s fascists in Italy to hitlers Nazi party in Germany in terms of their ideology ,the basis of their support (the demographic groups /occupations that lent their support to both groups )and the post world war 1 circumstances and conditions that facilitated their rise to political power.
In: Economics