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Question
Ocean City Kite Company manufactures & sells kites for $9.00 each. The variable cost per kite is $3.00 with the current annual sales volume of 90,000 kites. This volume is currently Ocean City Kite's breaking even point. Use this information to determine the dollar amount of Ocean City Kite Company's fixed costs. (Round dollar value to the nearest whole dollar & enter as whole dollars only.)
Ocean City Kite Company sells kites for $9.00 per kite. In FY 2019, total fixed costs are expected to be $230,000 and variable costs are estimated at $4.00 a unit. Ocean City Kite Company wants to have a FY 2019 operating income of $55,000. Use this information to determine the number of units of kites that Ocean City Kite Company must sell in FY 2019 to meet this goal. (Round your answer to a whole number)
Adelphi Company has budgeted activity for March to reflect net income $200,000. All sales are credit sales. Receivables are planned to increase (decrease -) by $-21,000 payables to increase (decrease -) by $25,000 and Depreciation Expense is $42,000. Use this information to determine how much cash will increase (decrease) during the month of March. (Decreases in accounts receivable or accounts payable will have a negative sign in front of number. Round & enter final answer to the nearest whole dollar.)
Compare the performance of the tranches for the bad asset backed securities, the good asset backed securities, and the CDO.
Publishers clearinghouse is offering a $1 million first prize. However, the prize will be awarded in $100,000 increments every year for 10 years. What is the present value of the prize if the appropriate discount rate is 10 percent?
Rose Bush Nursery purchased a delivery truck for $30,700. The truck is expected to have a useful life of 4 years and a residual value of $1,900.
A Smith industry has $24,000 in deposits that have been recorded by Smith but not by its bank. Smith also has $22,450 in outstanding checks that have not yet cleared the bank. Current balance is $14,400. Find: Net float. Is this desirable? Explain.
Discuss the similarities between how the price of cell phones is determined in the market for cell phones and how the interest rate is determined in the market for money.
A company must pay liabilities of 3,000 and 5,000 at the end of years 2 and 4. The available investments are a 2-year maturity, 1000 Par zero-coupon bond with an effective annual yield of 5.5%, and a 4-year 100 Par zero coupon bond yielding 6.8%. Fin..
Suppose that two firms, A and B, are considering the same project. The project is in the same risk class as firm A's overall operations. The project has an IRR of 13.0 percent. Firm A has a beta of 1.2, while firm B's beta is 0.9. The risk-free rate ..
Compute the cross-rate between the Mexican peso and the Euro. State this exchange rate in pesos and in Euros.
What would be the weighted average cost of capital at the optimal capital structure? Do not round intermediate calculations.
The SignPost has a WACC of 12%. They are contemplating growing their sales and projections indicate a return on invested capital (ROIC) of 9.5% as a result of the sales growth. The growth in sales: a) destroys value, b) adds value c) cannot be determ..
A company is considering a 5-year project that opens a new product line and requires an initial outlay of $85,000. The assumed selling price is $97 per unit, and the variable cost is $63 per unit. Fixed costs not including depreciation are $20,000 pe..
Pronghorn Company has the following two temporary differences between its income tax expense and income taxes payable.
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