An instrument payable to two persons jointly requires the indorsement of only one of the payees for negotiation.
Answer the following statement true (T) or false (F)
False
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KSAs stand for ______.
a. Key Strategic Activities b. Knowledge, Skills, and Abilities c. Knowing Service Actions d. Keeping Service Alert
Strong Structures Inc. is considering the replacement of an existing machine. The new machine costs $1,300,000 and requires installation costs of $100,000. The existing machine currently has a salvage value of $200,000 before taxes. It was purchased three years ago at a price of $1,000,000 and has a remaining economic life of 5 years. It has been depreciated under the MACRS 5-year recovery period. If the firm decides to keep it, this old machine will be worthless at the end of year 5. Over its 5-year life, the new machine should reduce operating costs by $400,000 per year. The new machine will be depreciated under the MACRS 5-year recovery period and can be sold for $180,000 at the end of its economic life. Also, the new machine will require an investment in net working capital of
$40,000. The firm’s WACC is 12% and marginal tax rate is 40%. a) Calculate the initial investment, annual after-tax cash flows, and the terminal cash flow of this investment project. b) Determine the payback period, discounted payback period, NPV, PI, IRR, and MIRR of this project. Should this project be accepted? c) Perform the same sensitivity analysis as that in Exhibit 13-5, page 402 (except that you should use increments of 5% from -15% to 15%, instead of 10% like in the book) using the following uncertain variables: net working capital investment, price of the new machine, operating cost savings, salvage value of the old machine at the end of its economic life, current salvage value of the old machine. Create a Scatter chart including all of these variables.
What did internal documents at tobacco companies reveal?
a. That the companies were not targeting young people b. That the companies were targeting age groups ranging from 14-24 c. That the companies were losing sales d. Both b and c
Columbo Corporation has two production departments, Forming and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Forming Department's predetermined overhead rate is based on machine-hours and the Finishing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: FormingFinishingMachine-hours 17,000 10,000Direct labor-hours 1,000 9,000Total fixed manufacturing overhead cost$110,500$78,300Variable manufacturing overhead per machine-hour$1.60 Variable manufacturing overhead per direct labor-hour $3.30During the current month the company started and finished Job A948. The following data were recorded
for this job:Job A948:FormingFinishingMachine-hours 70 30Direct labor-hours 10 50Direct materials$650$330Direct labor cost$380$1,900If the company marks up its manufacturing costs by 40% then the selling price for Job A948 would be closest to: (Round your intermediate calculations to 2 decimal places.) A. $6,197.80 B. $6,818.00 C. $4,427.00 D. $1,770.80