Schemm Inc. regularly uses material F04E and currently has in stock 455 liters of the material, for which it paid $2,617 several weeks ago. If this were to be sold as is on the open market as surplus material, it would fetch $5.19 per liter. New stocks of the material can be purchased on the open market for $5.79 per liter, but it must be purchased in lots of 1,000 liters. Determine the relevant cost of 800 liters of the material to be used in a job for a customer. a. $4,152 b. $5,790 c. $4,632 d. $4,361
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- Scherer Corporation is preparing a bid for a special order that would require 720 liters of material U48N. The company already has 560 liters of this raw material in stock that originally cost $6.30 per liter. Material U48N is used in the company's main product and is replenished on a periodic basis. The resale value of the existing stock of the material is $5.80 per liter. New stocks of the material can be readily purchased for $6.65 per liter. What is the relevant cost of the 720 liters of the raw material when deciding how much to bid on the special order? Select one: a. $4,592 b. $4,788 c. $4,456 d. $4,176Moona Inc.,is preparing a bid for a special order that would require 880 liters of material B101. The company already has 280 liters of this raw material in stock that originally cost $6.10 per liter. Material B101 is used in the company's main product and is replenished on a periodic basis. The resale value of the existing stock of the material is $5.45 per liter. New stocks of the material can be readily purchased for $6.20 per liter. What is the relevant cost of the 880 liters of the raw material when deciding how much to bid on the special order?AZ Products is looking into buying a computer for $218,000, it will be depreciated straight-line to zero over 5 years. It will be worth $20,000 at the end of 5 years. The company will save $73,500 before tax per year in order processing cost and will reduce inventory by $18,600 on day 1. AZ Products has 140,000 shares of common stock outstanding at a market price of $27 a share. Next year's annual dividend is expected to be $1.43 a share and the dividend growth rate is 2 percent. The company also has 2,500 bonds outstanding with a face value of $1,000 per bond. The bonds have a pretax yield of 7.35 percent and sell at 98.2 percent of face value. The company's tax rate is 21 percent. should the company buy the computer?
- XYZ Technologies, Inc., purchased advanced robotics equipment three years ago for $20 million. The machinery can be sold in the current market for $18.5 million. XYZ's current balance sheet shows net fixed assets of $16 million, current liabilities of $750,000, and net working capital of $300,000. If all current assets were liquidated today, the company would receive $1.25 million in cash. a. What is the book value of XYZ's total assets today? b. What is the market value of XYZ's total assets today?Pebble Co. recently sold a used machine for P40,000. The machine had a book value of P60,000 at the time of the sale. What is the after-tax cash flow from the sale, assuming the company's marginal tax rate is 20 percent?If Lew's Steel Forms purchases $632,000 of new equipment, they can lower annual operating costs by $300,000. The equipment will be depreciated straight-line to a zero book value over its 3-year life. Ignore bonus depreciation. At the end of the three years, the equipment will be sold for an estimated $25,000. The equipment will require the company to hold an extra $65,000 of inventory over the 3-year period. What is the NPV if the discount rate is 13 percent and the tax rate is 21 percent? NPV = 36491.30 X Attempt # 1: 0/1 (Score: 0/1) Allowed attempts: 3 X Incorrect Check Answer
- If Lew's Steel Forms purchases $500,000 of new equipment, they can lower annual operating costs by $216,000. The equipment will be depreciated straight-line to a zero book value over its 5-year life. At the end of the three years, the equipment will be sold for an estimated $180,000. The equipment will no change in working capital. What is the NPV (in whole dollar) if the discount rate is 14 percent and the tax rate is 25 percent? {Hint: Use the method discussed in one of the special case.}(To record the sales) (To record premiums redeemed) (To record a liability for premiums) ||Klingon Widgets, Incorporated, purchased new cloaking machinery three years ago for $5.2 million. The machinery can be sold to the Romulans today for $7.4 million. Klingon's current balance sheet shows net fixed assets of $4 million, current liabilities of $830,000, and net working capital of $142,000. If all the current accounts were liquidated today, the company would receive $945,000 cash. a. What is the book value of Klingon's total assets today? Note: Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567. b. What is the sum of the market value of NWC and the market value of fixed assets? Note: Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567. a. Book value of total assets b. Sum of market value of NWC and fixed assets
- Marigold Company includes one coupon in each box of soap powder that it packs, and 10 coupons are redeemable for a premium (a kitchen utensil). In 2020, Marigold Company purchased 9,100 premiums at 75 cents each and sold 101,000 boxes of soap powder at $ 3.60 per box; 40,800 coupons were presented for redemption in 2020. It is estimated that 60% of the coupons will eventually be presented for redemption.Prepare all the entries that would be made relative to sales of soap powder and to the premium plan in 2020. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)The D.J. Masson Corporation needs to raise $500,000 for 1 year to supplyworking capital to a new store. Masson buys from its suppliers on termsof 3/10, net 90, and it currently pays on the 10th day and takes discounts.However, it could forgo the discounts, pay on the 90th day, and therebyobtain the needed $500,000 in the form of costly trade credit. What is theeffective annual interest rate of this trade credit?You purchased equipment in 2017 for $120,000 plus it costs $20,000 to have it delivered and installed. You also traded yoour old computer worth $20,000. The old CCA half-year rule still applied. Based on past information, you believe that the equipment will have a salvage value of $19,000 in 6 years. The company's marginal tax rate is 40%. If the asset's CCA rate is 20% and the required return on this project is 10%, what is the present value of Salvage? Answer: