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You are considering a new product launch. The project will cost $1,252,500, have a five-year life, and have no salvage value; depreciation is straight-line to zero. Sales are projected at 350 units per year; price per unit will be $19,700, variable cost per unit will be $16,200, and fixed costs will be $333,000 per year. The required return on the project is 13 percent, and the relevant tax rate is 30 percent.Requirement 1:Based on your experience, you think the unit sales, variable cost, and fixed cost projections given here are probably accurate to within ±10 percent.(a) What are the best and worst case NPVs with these projections? (Do not round intermediate calculations. A negative amount should be indicated by a minus sign. Round your answers to 2 decimal places (e.g., 32.16).)NPVbest mce_markernbsp;NPVworst mce_markernbsp;(b) What is the base-case NPV? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)NPVbase mce_markernbsp;Requirement 2:What is the sensitivity of the NPV to changes in fixed costs? (Input the amount as a positive value. Round your answer to 2 decimal places (e.g., 32.16).)For every dollar FC increase, NPV falls by $
In the year 2007, the company is estimating its property tax to be $3,600 for the year.
If your are one of the audit team members who is auditing Starbucks company, suggest some procedures you think the audit team would use to complete their audit work on the the inventory accounts on the balance sheet of Starbucks company.
Auditors must be concerned with both generally accepted auditing standards and generally accepted accounting principles in performing an audit.
The company's management estimates that 2.5% of net credit sales will be uncollectible. Net credit sales are $115,000. What will be the amount of allowance for uncollectible accounts reported on the balance sheet?
Plimpton Company produces counter top ovens. Plimpton uses a standard costing system. The standard costing system relies on direct labor hours to assign overhead costs to production.
Using the following information and assuming that all inventory is purchased on account, compute cash paid for inventory:
Omicron Co. made a justifiable change in its method of accounting for long-term contracts. The cumulative effect of this change in accounting principle should be reported in comparative financial statements:
Journalize the assignment of overhead to the Assembly and Finishing Departments. (For multiple debit/credit entries, list amounts from largest to smallest eg 10, 5, 3, 2.)
Ignoring income taxes, the amount reported in Horton's 2010 income statement as a result of Horton's available-for-sale investment in Lopez was:
What term is commonly used to describe the concept whereby the cost of manufactured products is composed of direct materials cost, direct labor cost, and factory overhead cost?
Explain the conditions under which job order cost accounting systems and process cost accounting systems are commonly applied. Name two companies that use each system?
Paris Company buys a building on a plot of land for $100,000, paying $20,000 cash and signing a 20-year mortgage note for $80,000 at 6%. Monthly payments are $570. The first monthly payment was made in January, 2013. After the first payment, what ..
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