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kogti [31]
3 years ago
8

Romo Enterprises needs someone to supply it with 127,000 cartons of machine screws per year to support its manufacturing needs o

ver the next five years, and you’ve decided to bid on the contract. It will cost you $940,000 to install the equipment necessary to start production; you’ll depreciate this cost straight-line to zero over the project’s life. You estimate that, in five years, this equipment can be salvaged for $77,000. Your fixed production costs will be $332,000 per year, and your variable production costs should be $11.00 per carton. You also need an initial investment in net working capital of $82,000. If your tax rate is 30 percent and you require a return of 11 percent on your investment, what bid price should you submit? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Business
1 answer:
Nina [5.8K]3 years ago
8 0

Answer:

You should submit a bid price of $40.63

Explanation:

bid price = NPV of the project/total units of production

               = $5160415/127000

               = $40.63 per carton

Therefore, You should submit a bid price of $40.63

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Question 9 of 10
trasher [3.6K]
I’ll say the answer is B
6 0
4 years ago
Gault Corporation had the following shares of stock outstanding on December 31, 2018:
Andreas93 [3]

Answer:

The total amounts payable to preferred stockholders and common stockholders, respectively, are: $480,000 and $320,000.

Explanation:

Cumulative preferred stock has the dominant right over common stocks in term of receiving cash dividend.

The dividend paid to preferred stock per year is: 100 x 20,000 x 8% = $160,000 and the company owed investor 03 years of dividend ( 2016,2017,2018) with the dividend payable amounted to 160,000 x 3 = $480,000.

The dividend paid to common stock is the left over, after paying to preferred stock holders, which is calculated as $800,000 - $480,000 = $320,000.

So, The total amounts payable to preferred stockholders and common stockholders, respectively, are: $480,000 and $320,000.

5 0
3 years ago
Can someone please explain to me how to do those dashes on word on a PC laptop ASAP? Will give brainliest
kenny6666 [7]

Click where you want to insert a blank underline.


On the Insert tab, in the Tables group, click Table.


Table command on the Insert tab


Click the upper-left box to insert a 1x1 table.


To change the length of the line, move the pointer over the end of the table until it becomes a resize pointer (double-headed arrow) , and then move the arrow right or left to lengthen or shorten the line.


Right-click the table, click Borders and Shading, and then click the Borders tab.


Under Setting, click None.


Under Style, click the line type, color, and width that you want.


In the diagram under Preview, click between the lower margin markers to add the bottom border. Make sure that only the bottom line is displayed.


Under Apply to, click Table, and then click OK.



7 0
3 years ago
jennifer has the transactions below, what is the combined impact on her net worth when considering all of the transactions? She
slamgirl [31]

Answer:

1. No effect

2. Outflow of cash

3. No effect

So, by $6,000, the net worth would decrease.

Explanation:

1. In the first situation, she purchases $5,000 worth of a mutual fund with cash which means it affects both the asset and the liability. So, the net impact would be zero.  

2. In the second situation, she spends $6,000 on a two-week vacation which means it withdrew money that represents an outflow of cash.  

3. In the third situation, again it affects both the asset and the liability. So, the net impact would be zero.  

So, the net worth would decrease by $6,000

4 0
3 years ago
Like many college students, Angie applied for and got a credit card that has an annual percentage rate (APR) of 18%. The first t
tia_tia [17]

Answer:

during the first month, Angie will pay $4.50 in interests and $5.50 in principal

I prepared an amortization table using an excel spreadsheet to determine the number of years it takes to pay off the debt balance.

At the end of the 40th month, her balance will only be $1.53. So the <u>41st month</u> should be the last month that she pays and her payment should only be $1.55 to payoff her debt completely.

Download pdf
3 0
4 years ago
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