Cooling Tools, Inc. is currently producing 1,479 small refrigerators per month but the company's CEO plans to increase production at a rate of 5% per month until the firm is producing 5,970 refrigerators per month. How many months will this take?
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- How many months will this take ?Cooling Tools, Inc. is currently producing 1,228 of small refrigerators per month but the company's CEO plans to increase production at a rate of 7.83 percent per month until the firm is producing 5,407 of refrigerators per month. How many months will this take? Round the answer to two decimal places. Your Answer: AnswerHurkin Manufacturing Company pays accounts payable on the tenth day after purchase. The average collection period is 30 days, and the average age of inventory is 40 days. The firm currently has annual sales of about $18 million and purchases of $14 million. The firm is considering a plan that would stretch its accounts payable by 20 days. If the firm pays 12% per year for its resource investment, what annual savings can it realize by this plan? Assume a 360- day year.
- Trips Logistics, a third-party logistics firm that provides warehousing and other logistics services, is facing a decision regarding the amount of space to lease for the upcoming two-year period. 1,000 square feet of warehouse space is required for every 1,000 units of demand, and the current demand at Trips Logistics is for 100,000 units per year. The manager forecasts that from one year to the next, demand may go up 5 percent with a probability of 0.5 or go down by 5 percent by a probability of 0.5. The probabilities of the two outcomes are independent. The manager can sign a two year lease at a price of 0.8 dollar per square feet per year or obtain the warehouse space from sport market with 1.3 dollar per square feet per year. From the current year to the next year, spot prices for warehouse space may go up by 9% with probability 0.5 or go down by 9% with probability 0.5. The probabilities of the two outcomes are independent. The manager believes that the process of…Metalfab Pump and Filter expects the cost of steel bodies for 6-inch valves to increase by $3.75 every 3 months. If the cost for the first quarter is expected to be $80, what is the present worth of the costs for a 3-year time period at an MARR of 12% per year compounded quarterly? The present worth is $ABC Manufacturing expects to sell 1,025 units of product in 2023 at an average price of $100,000 per unit based on current demand. The Chief Marketing Officer forecasts growth of 50 units per year through 2027. So, the demand will be 1,025 units in 2023, 1,075 units in 2024, etc. and the $100,000 price will remain consistent for all five years of the investment life. However, ABC cannot produce more than 1,000 units annually based on current capacity. In order to meet demand, ABC must either update the current plant or replace it. The old equipment is fully depreciated and can be sold for $4,000,000 if the plant is replaced. If the plant is updated, the costs to update it would be capitalized and depreciated over the useful life of the updated plant. If the plant is updated, then the old equipment would be retained. The following table summarizes the…
- ABC Manufacturing expects to sell 1,025 units of product in 2022 at an average price of $100,000 each based on current demand. The Chief Marketing Officer forecasts growth of 50 units per year through 2026. So, the demand will be 1,025 units in 2022, 1,075 units in 2023, etc. and the $100,000 price will remain consistent for all five years of the investment life. However, ABC cannot produce more than 1,000 units annually based on current capacity. In order to meet demand, ABC must either update the current plant or replace it. If the plant is replaced, an initial working capital investment of $6,000,000 is required and these funds will be released at the end of the investment life to be used elsewhere. The following table summarizes the projected data for both options: Update Replace Initial investment in 2022 $ 125,000,000 $ 130,000,000 Terminal salvage value in 2026 $ 8,000,000 $…Company is considering a project producing a new product, and the project will last for 10 years. The company expects to sell 10,000 units in the first year then increasing by 4% each year. the selling price for the product will be $100 per unit at the first year, then reducing by 3% each year. The variable cost is $50 per unit at the first year, increasing by 2% each year. The fixed cost is $320,000 at the first year, increasing by 3% each year. Assume all the above cash flows occur at the end of the year. The initial investment is $3,000,00 and there will be no salvage value at the end of year 10. the tax rate is 30% and the cost of capital is 12%. The initial outlay will be depreciated by using the straight-line method. A. compute the NPV of this project.Dublin Chips is a manufacturer of prototype chipsbased in Dublin, Ireland. Next year, in 2018, Dublin Chips expects to deliver 615 prototype chips at an averageprice of $95,000. Dublin Chips’ marketing vice president forecasts growth of 65 prototype chips per yearthrough 2024. That is, demand will be 615 in 2018, 680 in 2019, 745 in 2020, and so on.The plant cannot produce more than 585 prototype chips annually. To meet future demand, Dublin Chipsmust either modernize the plant or replace it. The old equipment is fully depreciated and can be sold for$4,200,000 if the plant is replaced. If the plant is modernized, the costs to modernize it are to be capitalized and depreciated over the useful life of the updated plant. The old equipment is retained as part of the modernizealternative. The following data on the two options are available: Modernize ReplaceInitial…
- Dublin Chips is a manufacturer of prototype chipsbased in Dublin, Ireland. Next year, in 2018, Dublin Chips expects to deliver 615 prototype chips at an averageprice of $95,000. Dublin Chips’ marketing vice president forecasts growth of 65 prototype chips per yearthrough 2024. That is, demand will be 615 in 2018, 680 in 2019, 745 in 2020, and so on.The plant cannot produce more than 585 prototype chips annually. To meet future demand, Dublin Chipsmust either modernize the plant or replace it. The old equipment is fully depreciated and can be sold for$4,200,000 if the plant is replaced. If the plant is modernized, the costs to modernize it are to be capitalized and depreciated over the useful life of the updated plant. The old equipment is retained as part of the modernizealternative. The following data on the two options are available: Modernize ReplaceInitial…Quick Computing currently sells 17 million computer chips each year at a price of $11 per chip. It is about to introduce a new chip, and it forecasts annual sales of 19 million of these improved chips at a price of $16 each. However, demand for the old chip will decrease, and sales of the old chip are expected to fall to 7 million per year. The old chips cost $9 each to manufacture, and the new ones will cost $14 each. What is the proper cash flow to use to evaluate the present value of the introduction of the new chip? (Enter your answer in millions.)A firm has installed a manufacturing line for packaging materials. The firm plans to produce 45 tons of packing peanuts at $4000 per ton annually for 3 years, and then 60 tons of packing peanuts per year at $5000 per ton for the next 5 years. What is the present worth of the expected income? The firm’s interest rate is 15% per year.