You are considering a new product launch. The project will cost $1,192,500, have a five-year life, and have no salvage value; depreciation is straight-line to zero. Sales are projected at 230 units per year; price per unit will be $18,500, variable cost per unit will be $15,000, and fixed costs will be $321,000 per year. The required return on the project is 13 percent, and the relevant tax rate is 30 percent.
Based on your experience, you think the unit sales, variable cost, and fixed cost projections given here are probably accurate to within ±10 percent.
What are the best-case and worst-case NPVs with these projections? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
NPV_{best} | $ |
NPV_{worst} | $ |
In: Finance
At July 31, Crane Company has this bank information: cash
balance per bank $8,360, outstanding checks $800, deposits in
transit $1,325 and a bank service charge $20.
Determine the adjusted cash balance per bank at July 31.
The adjusted cash balance per bank at July 31 | $ |
In: Accounting
In: Computer Science
Discuss techniques that encourage self -direction from the book "Raising children who think for themselves " by Elisa Medhus
In: Psychology
Define and execute a process to evaluate your data warehouse data for incompleteness, nulls, and the ability to provide consistent query data.
Create a summary for your project sponsors to inform them of the quality of data they can expect from the new data warehouse.
Include the following information in your summary:
Document your summary as either:
In: Computer Science
One year ago, your company purchased a machine used in manufacturing for $90,000. You have learned that a new machine is available that offers many advantages and you can purchase it for $140,000 today. It will be depreciated on a straight-line basis over 10 years and has no salvage value. You expect that the new machine will produce a gross margin (revenues minus operating expenses other than depreciation) of $40,000 per year for the next 10 years. The current machine is expected to produce a gross margin of $20,000 per year. The current machine is being depreciated on a straight-line basis over a useful life of 11 years, and has no salvage value, so depreciation expense for the current machine is $8,182 per year. The market value today of the current machine is $45,000. Your company's tax rate is 35%, and the opportunity cost of capital for this type of equipment is 10%Should your company replace its year-old machine?
The NPV of replacing the year-old machine is
____________________________________
In: Finance
Lab 10-2:You've been hired by Yogurt Yummies to write a C++ console application that calculates and displays the cost of a customer’s yogurt purchase. Use a validation loop to prompt for and get from the user the number of yogurts purchased in the range 1-9. Then use a validation loop to prompt for and get from the user the coupon discount in the range 0-20%. Calculate the following:
● Subtotal using a cost of $3.50 per yogurt. ● Subtotal after discount
● Sale tax using rate of 6%. ● Total
Use formatted output manipulators (setw, left/right) to print the following rows:
● Yogurts purchased ● Yogurt cost ($) ● Discount (%)
● Subtotal ($) ● Subtotal after discount ($) ● Tax ($)
● Total ($)
And two columns:
● A left-justified label (including units)
● A right-justified value.
Define constants for the yogurt cost, sales tax rate, and column widths. Format all real numbers to two decimal places. Run the program with invalid and valid inputs. The output should look like this:
#include <conio.h> // For function getch()
#include <cstdlib> // For several general-purpose functions
#include <fstream> // For file handling
#include <iomanip> // For formatted output
#include <iostream> // For cin, cout, and system
#include <string> // For string data type
using namespace std;
#define t 6.0
#define Yogurt_cost 3.50
int main()
{
float Yogurts_purchased,Discount,Subtotal,after_discount,tax,total;
cout<<"Welcome to Yogurt Yummies";
cout<<"\n-------------------------\n";
while (1>0)
{
cout<<"Enter the number of yogurts purchased (1-9):";
// input the number of yougurts purchased
cin>>Yogurts_purchased;
//checking number of yougurts purchased is valid
if(Yogurts_purchased>=1 && Yogurts_purchased<=9)
break;
else
cout<<"\nError:'"<<Yogurts_purchased<<"'is an invalid number of yogurts.\n ";
}
while (1>0)
{
// input the percentage discount
cout<<"Enter the percentage discount (0-20): :";
cin>>Discount;
// checking percentage discount is valid
if(Discount>=0 && Discount<=20)
break;
else
cout<<"Error:'"<<Discount<<"' is an invalid percentage discount.\n ";
}
//evaluating the Subtotal
Subtotal=Yogurts_purchased*Yogurt_cost;
//evaluating the after discount
after_discount=Subtotal-(Subtotal*(Discount/100));
//evaluating the tax
tax=after_discount*(t/100.0);
//evaluating the total
total=tax+after_discount;
//show the values
cout<<"\n Yogurts: "<<setw(26)<<Yogurts_purchased;
cout<<"\n Yogurt cost($):"<<setw(20)<< fixed << setprecision(2)<<Yogurt_cost;
cout<<"\n Discount (%):"<<setw(22)<< fixed << setprecision(2)<<Discount;
cout<<"\n Subtotal ($):"<<setw(22)<< fixed << setprecision(2)<<Subtotal;
cout<<"\n Total after discount ($):"<<setw(10)<< fixed << setprecision(2)<<after_discount;
cout<<"\n Tax ($): :"<<setw(25)<< fixed << setprecision(2)<<tax;
cout<<"\n Total ($):"<<setw(25)<< fixed << setprecision(2)<<total;
cout<<"\n\nEnd of Yogurt Yummies";
return 0;
}
Remember that great app you wrote for Yogurt Yummies (Lab 10-2). They want you to enhance the C++ console application that calculates and displays the cost of a customer’s yogurt purchase. Now they need to process multiple sales. Do not change any logic for handling a single sale. Make the following enhancements:
● Add "v2" to the application output header and close.
● Declare and initialize overall totals including:
Number of sales.
Overall number of yogurts sold.
Overall sale amount after discount.
Overall tax paid.
Overall sale total.
● Enclose the logic for a single sale with a sentinel loop that continues to process sales until the user enters 'n'.
● After calculating sale totals, update overall totals.
● When the user enters the sentinel value ('n'), print overall totals using formatted output manipulators (setw, left/right). Run the program with invalid and valid inputs, and at least three sales. The output should look like this:
Welcome to Yogurt Yummies, v2
-----------------------------
Enter another yogurt purchase (y/n)? y
Sale 1
----------------------------------------
Enter the number of yogurts purchased (1-9): 11
Error: '11' is an invalid number of yogurts.
Enter the number of yogurts purchased (1-9): 2
Enter the percentage discount (0-20): 22
Error: '22.00' is an invalid percentage discount.
Enter the percentage discount (0-20): 4
Yogurts: 2
Yogurt cost ($): 3.50
Discount (%): 4.00
Subtotal ($): 7.00
Total after discount ($): 6.72
Tax ($): 0.40
Total ($): 7.12
Enter another yogurt purchase (y/n)? y
Sale 2
----------------------------------------
Enter the number of yogurts purchased (1-9): 5
Enter the percentage discount (0-20): 10
Yogurts: 5
Yogurt cost ($): 3.50
Discount (%): 10.00
Subtotal ($): 17.50
Total after discount ($): 15.75
Tax ($): 0.94
Total ($): 16.70
Enter another yogurt purchase (y/n)? y
Sale 3
----------------------------------------
Enter the number of yogurts purchased (1-9): 7
Enter the percentage discount (0-20): 20
Yogurts: 7
Yogurt cost ($): 3.50
Discount (%): 20.00
Subtotal ($): 24.50
Total after discount ($): 19.60
Tax ($): 1.18
Total ($): 20.78
Enter another yogurt purchase (y/n)? n
Overall totals
========================================
Sales: 3
Yogurts: 14
Total after discount ($): 42.07
Tax ($): 2.52
Total ($): 44.59
End of Yogurt Yummies, v2
In: Computer Science
Research about Salvatore Riina, his background, his entry and progress through the world of organized crime, his specific criminal activities, and his outcome, such as violent or natural death or imprisonment. Minimum of 300 words.
In: Psychology
During April 2019 Kelly Consulting entered into the following
transactions:
Apr 2 Received cash from clients as an advance payment
for services to be provided in May for $ 3,500.
Apr 5 Received cash from clients on account, $
3,800.
Apr 9 Paid cash for a newspaper advertisement, $
300.
Apr 13 Paid Office Stationary Company for part of the
debt incurred last year, $ 400. When the office supplies were
initially purchased, they were on account.
Apr 15 Cash received for services provided $
8,500.
Apr 16 Paid part-time receptionist for two weeks’ salary including
the amount owing on March 31, 2008. The total payment was for $
750.
Apr 17 Recorded cash from cash clients for fees earned
during Apr 1-17 for $ 8,200.
Apr 20 Purchased supplies on account, $ 400.
Apr 21 Recorded services provided on account for the
period Apr 16 – 20, $ 3,900.
Apr 25 Recorded cash from cash clients for fees earned
for the period Apr 17-23, $ 5,100.
Apr 27 Received cash from clients on account, $
9,500.
Apr 28 Paid part-time receptionist for two weeks’
salary, $ 750.
Apr 29 Paid telephone bill for April, $ 120.
Apr 30 Paid electricity bill for April, $ 290.
Apr 30 Recorded cash from cash clients for fees earned
for the period Apr 26-30, $ 3,875.
Apr 30 Recorded services provided on account for the
remainder of April, $ 3,200.
Apr 30 Kelly withdrew $ 8,000 for personal use.
Instructions
Record the above transactions in the general journal. An
explanation line is not required.
Post the beginning account balance and all of April’s transactions
to T accounts. Prepare an unadjusted trial balance. Ensure debits
equal credits. Remember that the cash T account is quite large so
give yourself enough room.
At the end of April, the following adjustment data was assembled.
Journalize the adjusting entries in the general journal and post to
the T accounts. .
Apr 30 Insurance used up during April, $ 300.
Apr 30 Supplies remaining on hand at Apr 30th are $
600.
Apr 30 Office equipment depreciated during the month. Original cost
of equipment is $ 14,500. Equipment expected to last 3 years and
have a salvage value of $2,625. Calculate and record the monthly
depreciation amount rounded to full dollars.
Apr 30 Accrued receptionist salary on Apr 30th is $
240.
Apr 30 Rent expired (used up) during April was $
1,600.
Apr 30 Unearned fees remaining on April 30 are $
2,000.
Instructions (continued)
Prepare an unadjusted trial balance ensuring total debits equal
total credits.
Prepare an Income Statement, a Statement of Owner’s Equity and a
Balance Sheet.
Record the closing journal entries into the general journal and
post to the T Accounts. (Usually closing entries are completed at
year-end not after 1 month. I am trying to save you some
work).
Prepare a post-closing trial balance.
What is the current ratio at April 30th?
What is the acid-test ratio at April 30th?
In: Accounting
Asset sale is one form of corporate restructuring. Describe the asset sale process. Give one example of an asset sale as discussed in the course or in recent news articles.
In: Finance
When qualified applicants are scarce, recruiting becomes extremely competitive, particularly when two companies go after the same candidate, as often happens in the case of searching for professionals.
After interviewing three shortlisted candidates, a high-tech company, Company X, made an offer to one and advised the other two candidates that they were unsuccessful. He successful candidate was given one week to consider the offer. The candidate asked for a week’s extension to consider the offer but was granted only an additional 3 days.
At the end of the time period, the candidate verbally accepted the offer and was sent a contract to sign. Rather than returning the signed contract, the candidate informed Company X that he had accepted a position at Company Y. He had received the second offer after verbally accepting the first position at Company X. The second company knew that the candidate had verbally accepted Company X’s offer.
Before accepting Company’s offer, the candidate had consulted a respected mentor who advised him to ignore his verbal commitment to Company X and to accept Company Y’s offer. There were no substantial differences in the salaries being offered by each company or in the work that each would expect the candidate to perform. The candidate simply saw Company Y as the more prestigious of the two employers.
Case Questions:
In: Operations Management
There are many bizarre examples of complements and substitutes
in the real world. For example, in
my home ketchup and Kraft macaroni and cheese are complements
(everyone else here puts ketchup
on their mac and cheese, which concerns me!).
a. Come up with two bizarre/odd real-world examples of a pair of
goods that are complements.
Explain why they are complements.
b. Choose one of those pairs of complements. Draw a consumer’s
demand curve for each good (so
two graphs). Suppose the price drops for one of those goods (I
don’t care which one, you choose).
What happens in that graph? What happens to the demand for the
other complementary good?
Explain.
c. Come up with two real-world examples of a pair of substitutes.
Explain how they are substitutes.
d. Choose one of those pairs of substitutes. Draw a consumer’s
demand curve for each good (so two
graphs). Suppose the price drops for one of those goods (I don’t
care which one, you choose).
What happens in that graph? What happens to the demand for the
other good? Explain.
In: Economics
As an individual investor, you have three funds to invest into. The first is an equity fund, the second is a corporate bond fund, and the third is a T-bill money-market fund (your risk-free asset). Assume your personal risk aversion is 0.06 (A=0.06). The correlation between the equity fund and the bond fund returns is 0.1.
Fund |
Expected return |
Risk |
Equity fund |
16% |
38% |
Corporate bond fund |
7% |
25% |
T-bill money market fund |
3% |
2.Using weights calculated in Question 1, compute the expected return (E[r]) and the risk (standard deviation) of the minimum variance portfolio.
3.Find weights of the equity and corporate bond funds in the optimal portfolio.
4.Using weights calculated in Question 3, find the expected return (E[r]) and risk (standard deviation) of the optimal portfolio.
5.Compute the slope of the Capital allocation line (CAL) using the optimal portfolio from questions 3 and 4 as your risky portfolio.
6.Using your personal risk aversion (A=0.06) and the optimal portfolio as the risky portfolio, find the weights of the optimal portfolio and of the risk-free asset in the complete portfolio.
7.Using weights calculated in Question 6, compute the expected return (E[r]) and the risk (standard deviation) of your complete portfolio.
8.Calculate weight of the equity and corporate bond fund in the complete portfolio calculated in Questions 6 and 7.
In: Finance
Assume sales for Peach Street Industries are expected to increase by 8.00% from 2015 to 2016. Peach Street is operating at full capacity currently and expected assets-to-sales and spontaneous liabilities-to-sales to remain the same. Additionally, the firm is looking to maintain their 2015 net profit margin and dividend payout ratios for 2016. The firm’s tax rate is 38.00% and selected income statement and balance sheet information for 2015 is provided below:
Entry | Value | Entry | Value |
---|---|---|---|
Current Assets | $800.00 | Sales | $2,500.00 |
Net Fixed Assets (NFA) | $700.00 | Operating Costs | $2,030.00 |
Total Assets | $1,500.00 | Depreciation | $90.00 |
Accounts Payable and Accruals | $30.00 | Interest Expense | $69.00 |
Notes Payable | $180.00 | Dividends Paid | $93.30 |
Long term debt | $510.00 | ||
Total Equity | $780.00 |
What is the firm’s net income for 2015?
In: Finance
II. TMA Topic and requirements |
The global trade environment and the dynamics of competition among organizations are the most important topics for understanding and practicing management in today’s markets. The focus of this TMA is to select an example of a successful global organization/brand and discuss the factors that had led to its success along with the challenges that it faces in operating globally.
1. Essay Paper (50 marks out of 100) (1500 words) |
Your answer should be in the form of an essay. The essay should be well organized, that is, it has an introduction (2.5 marks), body and conclusion (2.5 marks). The introduction should introduce the topic.
In the body paragraphs, the following points should be discussed:
In: Operations Management