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You are planning to open a small shelter for homeless men in the basement of your church. The governing board has promised you the funds needed to start up the shelter if you can negotiate a reimbursement rate from the city that covers your operating expenses. You expect that you will be able to house 9 men each night, and the city assures you that there will be no shortage of homeless men at any time during the year. You will have to pay one full-time staff person $37,000 a year, and hire a second part-time staffer for $15,000 a year. You will have laundry and food costs of $35 per man per week, and the church will have to pay an additional $2,600 a year in insurance to cover the activities of the shelter. The City will pay you $180 per homeless man per week, and payments will come 2 months after service has been provided. All salaries and food costs are paid when service is provided. The shelter will not have to pay its share of the insurance costs until the last month of the year. (Remember that 9 a night, means that only 9 will be there for a week.) Develop an annual operating budget using accrual accounting for the shelter in order to show its expected profit or loss. [NOTE: Assume that there are 52 weeks in a year]
problem 1what pairing of options would come closest to achieving the same risk management attributes of a eurusd six
A small business owner visits his bank to ask for a loan. The owner states that he can repay a loan at $2,300 per month for the next three years and then $3,300 per month for the two years after that. If the bank is charging customers 7.25 percent AP..
The Absolute Zero Co. just issued a dividend of $3.35 per share on its common stock. The company is expected to maintain a constant 6.9 percent growth rate in its dividends indefinitely. If the stock sells for $67 a share, what is the company’s cost ..
A project is expected to create operating cash flows of $29,500 a year for three years. The initial cost of the fixed assets is $61,000. These assets will be worthless at the end of the project. An additional $4,500 of net working capital will be req..
Using the information listed below, prepare a simple Balance Sheet for the XYZ outpatient center: Cash = $765,000; Supplies = $175,000; Plant and Equipment = $405,000 Accounts Payable = $65,000; Non-Current Liabilities = $460,000 Unrestricted Net Ass..
You are presented a proposal for a project. The project costs $10 million and will produce after-tax cash flows of $2 million at the end of year 1, $4 million at the end of year 2, and $8 million at the end of year 3. What is the NPV of this project ..
Due to a pre-existing contract, Recycle America Inc. has the opportunity to acquire 10,000 pounds of scrap aluminum and 2,500 pounds of scrap lead for $10,750. If the current market price for scrap aluminum is $0.83 per pound and the current market p..
You purchased 1000 shares of stock in Cumberland Software for $3 per share on January 1, 2006. Over the next four years you received 7 cents per share annually in dividends. On December 31, 2009 you sell all your shares of Cumberland Software for $16..
What are the attributes of successful entrepreneurs? How can organizations keep employees motivated who possess high levels of entrepreneurial attributes?
Counts accounting has a beta of 1.25. The tax rate is 35%, and Counts is financed with 45% debt. What is Counts' unlevered beta?
Reliable Gearing currently is all-equity-financed. It has 14,000 shares of equity outstanding, selling at $100 a share. The firm is considering a capital restructuring. The low-debt plan calls for a debt issue of $240,000 with the proceeds used to bu..
You have just purchased a home and taken out a $490,000 mortgage. The mortgage has a 30-year term with monthly payments and an APR of 4.88%. How much will you pay in interest and how much will you pay in principal during the first year? How much will..
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