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Romo Enterprises needs someone to supply it with 127,000 cartons of machine screws per year to support its manufacturing needs over the next five years, and you've decided to bid on the contract. It will cost you $940,000 to install the equipment necessary to start production; you'll depreciate this cost straight line to zero over the projects life. You estimate that in five years this equipment can be salvaged for $77,000. Your fixed production costs will be $332,000 per year and your variable production costs should be $11.00 per carton. You also need an initial investment in net working capital of $82,000. If your tax rate is 30 percent and you require a return of 11 percent on your investment what bid price should you submit. (Do not round intermediate calculations and round your answer to 2 decimal places)
Reversing Rapid Co. Purchases an asset for $183552. This asset qualifies as a five-year recovery asset under MACRS. The five-year expense percentages for years 1, 2, 3, and 4 are 20.00%, 32.00%, 19.20%, and 11.52% respectively. Reversing Rapids has a..
Corning (a glass and ceramics maker) has a stock price of $20.30 on November 1. Suppose it pays a 25 cent dividend on November 30, and the stock price at the end of the day on November 30 is $21.75. What was the total return on this stock in November..
Show that the borrower’s periodic outlay for a standard sinking fund method repayment at rate j is larger than the level outlay under amortization method with the interest rate i, if i > j
The numbers don't tell the whole story. Accountants use notes to the financial statements to provide additional information and clarification. What types of non-financial information should accountants disclose? Some people argue that you can never i..
Kinston sports supplies is considering an average risk project that will cost $300,000 at time zero and is expected to generate annual after tax cash inflows of 52,000 at the end of each of the next 10 years. What is kinston's capital structure wei..
During recent years your company has made considerable use of debt ?nancing, to the extent that it is generally agreed that the percent debt in the ?rm's capital structure is too high.
You are given the following information for Calvani Pizza Co.: sales = $50,000; costs = $22,600; addition to retained earnings = $7,150; dividends paid = $2,600; interest expense = $5,000; tax rate = 35 percent. Calculate the depreciation expense.
What are the three distribution methods available to Annette? Which method should she choose to maximize tax deferral? Based on the appropriate life table, how much would her first required distribution be? When would this distribution happen?
Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next eight years, because the firm needs to plow back its earnings to fuel growth. The company will then pay a dividend of $16.50 per share 9 years..
What is the maximum car payment and mortgage payment you can afford with the following conditions: your monthly household income, 10% for the car payment, and 28% for the mortgage payments?
(Based on WSJ article) One of the most important factors in company success is having a true competitive advantage. It is the firm’s competitive advantage that allows it to earn above average risk-adjusted returns. For years Gillette’s technology and..
Lithium, Inc. is considering two mutually exclusive projects, A and B. Project A costs $95,000 and is expected to generate $65,000 in year one and $75,000 in year two. Project B costs $120,000 and is expected to generate $64,000 in year one, $67,000 ..
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