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Chadwick Enterprises, Inc., operates several restaurants throughout the Midwest. Three of its restaurants located in the center of a large urban area have experienced declining profits due to declining population. The company’s management has decided to test the assets of the restaurants for possible impairment. The relevant information for these assets is presented below.          Book value $ 10.1 million Estimated undiscounted sum of future cash flows   5.8 million Fair value   5.3 million    Required:1. Determine the amount of the impairment loss.2. Determine the amount of the impairment loss assuming that the estimated undiscounted sum of future cash flows is $10.4 million and fair value is $6.8 million.

Chadwick Enterprises, Inc., operates several restaurants throughout the Midwest. Three of its restaurants located in the center of a large urban area have experienced declining profits due to declining population. The company's management has decided to test the assets of the restaurants for possible impairment. The relevant information for these assets is presented below.  Book Value                                                                                 $8.1 million Estimated undiscounted sum of future cash flows                     4.1 million Fair Value                                                                                    4.3 million   Required: 1. Determine the amount of the impairment loss. 2. Determine the amount of the impairment loss assuming that the estimated undiscounted sum of future cash flows is $8.4 million and fair value is $5.8 million. (Negative amounts should be indicated by a minus sign. Enter your answers in millions rounded to 1 decimal…

Chadwick Enterprises, Inc., operates several restaurants throughout the Midwest. Three of its restaurants located in the center of a large urban area have experienced declining profits due to declining population. The company’s management has decided to test the assets of the restaurants for possible impairment. The relevant information for these assets is presented below. Book value                                                                                    $6.5 millionEstimated undiscounted sum of future cash flows                         4.0 millionFair value                                                                                         3.5 million Required:1. Determine the amount of the impairment loss, if any.2. Repeat requirement 1 assuming that the estimated undiscounted sum of future cash flows is $6.8 million and fair value is $5 million.

Calculate impairment loss

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Following problem, (a) draw the cash flow diagram; (b) present clean and clear manual solutions to the problem; (c) highlight the final answer (only the final answer as required by the problem) by enclosing it within a box.   A set of office equipment costs $80,000 and has a useful life of 8 years. Its estimated market value at the end of the 8th year is $2,000. Determine the depreciation amount on the 5th year and the book value at the end of the 3rd year using: Straight Line Method Double Declining Balance Method Sum-of-Years Digits Method Declining Balance Method with Switchover to SL MACRS GDS (assume that the assets will be disposed of on the 3rd year) NO EXCEL

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Star Industries owns and operates landfills for several municipalities throughout the Midwestern part of the U.S. Star typically contracts with the municipality to provide landfill services for a period of 20 years. The firm then constructs a lined landfill​ (required by federal​ law) that has capacity for five years. The ​$9.8 million expenditure required to construct the new landfill results in negative cash flows at the end of years​ 5, 10, and 15. This change in sign on the stream of cash flows over the​ 20-year contract period introduces the potential for multiple​ IRRs, so​ Star's management has decided to use the MIRR to evaluate new landfill investment contracts. The annual cash inflows to Star begin in year 1 and extend through year 20 are estimated to equal ​$4.1 million​ (this does not reflect the cost of constructing the landfills every five​ years). Star uses a 10.2​% discount rate to evaluate its new​ projects, so it plans to discount all the construction costs every five…

The cash flows of two projects have been presented to Copper Limited ("Copper"), which have the different risk profiles compared to Copper existing operations: Year 0 1 Project Black Project White (500,000) (220,000) 1,360,000 70,000 (900,000) 140,000 0 80,000 2 3 During a recent Board meeting, the following statements were presented: 'Since depreciation is a non-cash item, the useful life chosen will not have an impact on the cash flows of a project. Instead, interest cost is a cash out flow and should be included when computing a project's cash flows. And if the tax rate increases, NPV of a project will definitely decline. if you are the finance manager of Copper, how would you assess these two projects, given the knowledge learned from Essentials of Financial Management? Critique the above statement presented during the Board meeting. Where appropriate, state your assumptions.

Roosevelt Communication is trying to estimate the Year 1 operating cash flow for a proposed project. The assets required for the project were fully depreciated at the time of purchase. The financial staff has collected the following information: Sales revenues            $13.3 million Operating Costs             8.4 million Interest Expense             1.3 million   Roosevelt has also determined that this project would cannabalize one of its other projecrs by $1.6 million of cash flow (before taxes) per year. The firm has a 25 percent tax rate, and its WACC is 8 percent. Calculate the project's operating cash flow for Year 1.   Answers: a. $ -25,000 b. $2,475,000 c. $1,500,000 d. $2,700,000 e. $3,675,000

Consolidated Natural Gas Company (CNG), with corporate headquarters in Pittsburgh, Pennsylvania, is one of the largest producers, transporters, distributors, and marketers of natural gas in North America. Periodically, the company experiences a decrease in the value of its gas- and oil-producing properties, and a special charge to income was recorded in order to reduce the carrying value of those assets. Assume the following information. In 2016, CNG estimated the cash inflows from its oil- and gas-producing properties to be $375,000 per year. During 2017, the write-downs described above caused the estimate to be decreased to $275,000 per year. Production costs (cash outflows) associated with all these properties were estimated to be $125,000 per year in 2016, but this amount was revised to $155,000 per year in 2017.Instructions(Assume that all cash flows occur at the end of the year.)(a) Calculate the present value of net cash flows for 2016–2018 (three years), using the 2016…

Lloyd Inc. has sales of $150,000, a net income of $16,500, and the following balance sheet: Cash Receivables Inventories Total current assets Net fixed assets Total assets The new owner thinks that inventories are excessive and can be lowered to the point where the current ratio is equal to the industry average, 2.5x, without affecting sales or net income. If inventories are sold and not replaced (thus reducing the current ratio to 2.5x), if the funds generated are used to reduce common equity (stock can be repurchased at book value), and if no other changes occur, by how much will the ROE change? Do not round intermediate calculations. Round your answer to two decimal places. percentage points. s new quick ratio? Do not round intermediate calculations. Round your answer to two decimal places. ROE wil ✔ -Select- y increase decrease What w $ 19,125 Accounts payable 70,500 Notes payable to bank 180,000 Total current liabilities $269,625 Long-term debt 105,375 Common equity $375,000 Total…

ABC International is evaluating a project in Buffalo. The project will create the following cash flows: Year   Cash Flow 0        -$1,160,000 1        $335,000 2         $400,000 3         $295,000 4        $250,000 All cash flow will occur in Buffalo and expressed in dollars. In an attempt to improve its economy, the Buffalo government declared that all cash flows created by a foreign company are blocked and must be re-invested with the government for one year. This re-investment of these funds is at 4%. If the company uses a required return at 7%, What is the NPV? and What is the IRR on this project.

An asset that was originally purchased for $647,401 is being depreciated straight-line over its useful life to zero. At the end of the project the asset can be sold for $447,466. In addition to the operating cash flow of $744,903 in the final year of the project, net operating working capital of $56,560 will be recovered as a result of a reduction in inventory.  What is the free cash flow at the end of the project? The company's tax rate is 40% and the WACC is 9%. Express your answer to the nearest dollar.