A firm is trying to determine if it should launch a product. The product has an expected life of three years. It will bring in cash flows of $10,000 in the first year, $9,000 in the second year, and $7,500 in the third year. The company estimates that it will invest $20,000 in product research and development costs. What is the estimated IRR for this product? Choose the IRR value that is closest to the amount invested.
a. 5%
b. 12%
c. 15%
d. 16%
d. 16%
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Give three benefits of delegating.
What will be an ideal response?
West Company estimates that overhead costs for the next year will be $5,240,000 for indirect labor and $550,000 for factory utilities. The company uses machine hours as its overhead allocation base. If 150,000 machine hours are planned for this next year, what is the company's plantwide overhead rate?
A. $38.60 per machine hour. B. $34.93 per machine hour. C. $0.0259 per machine hour. D. $0.2727 per machine hour. E. $3.67 per machine hour.
Which of the following types of personal information should you consider including on your résumé?
A) Your favorite sports and hobbies B) A list of all courses you have completed relevant to the position you're applying for C) Your country of origin D) Your willingness to travel
Malander Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During November, the kennel budgeted for 3,400 tenant-days, but its actual level of activity was 3,390 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for November:Data used in budgeting: Fixed element per monthVariable element per tenant-dayRevenue - $28.00 Wages and salaries$2,700 $5.40Food and supplies 500 10.20Facility expenses 9,600 3.30Administrative expenses 6,600 0.20Total expenses$19,400 $19.10?Actual results for November: Revenue$90,470Wages and salaries$20,606Food and supplies$35,838Facility expenses$20,857Administrative
expenses$7,518?The spending variance for food and supplies in November would be closest to: A. $658 U B. $760 F C. $658 F D. $760 U