a. Fethe's Funny Hats is considering selling trademarked, orange-haired curly wigs for University of Tennessee football games. The purchase cost for a 2-year franchise to sell the wigs is $20,000. If demand is good (40% probability), then the net cash flows will be $27,000 per year for 2 years. If demand is bad (60% probability), then the net cash flows will be $6,000 per year for 2 years. Fethe's cost of capital is 13%. What is the expected NPV of the project?
b. If Fethe makes the investment today, then it will have the option to renew the franchise fee for 2 more years at the end of Year 2 for an additional payment of $20,000. In this case, the cash flows that occurred in Years 1 and 2 will be repeated (so if demand was good in Years 1 and 2, it will continue to be good in Years 3 and 4). Write out the decision tree. Note: The franchise fee payment at the end of Year 2 is known, so it should be discounted at the risk-free rate, which is 4%. Use decision-tree analysis to calculate the expected NPV.
Answers
Answer:
A) initial outlay = $20,000
expected cash flows = (40% x $27,000) + (60% x $6,000) = $14,400
NPV = -$20,000 + $14,400/1.13 + $14,400/1.13² = $4,020.68
B) Fethe acquires franchise $20,000
things go bad, NPV = -$20,000 + $6,000/1.13 + $6,000/1.13² = -$9,991.39. The project is abandoned after the first 2 years.things go well, NPV = -$20,000 + $27,000/1.13 + $27,000/1.13² = $25,038.77. The franchise is renewed for 2 more years.⇒ since the project continues, the present value of the cash flows are:
year 0 = -$20,000
year 1 = $27,000/1.13 = $23,893.81
year 2 = $27,000/1.13² - $20,000/1.04² = $5,482.03
year 3 = $27,000/1.13³ = $18,712.35
year 4 = $27,000/1.13⁴ = $16,559.61
NPV = $44,647.80
Related Questions
The change in technology and the globalization have brought new pattern of organizing
today's companies, and thus, the managers need to consider these new concepts in
organization's design process. With this statement, discuss the emerging issues in
organization design and architecture.
Answers
Following are the emerging issues in organization design and architecture:Technology and Globalization, Customer Relations,Technical Knowledge, Flexibility, Employee's Well-being.
Following are the emerging issues in organization design and architecture:
Technology and Globalization: The modern era's rapid technology and globalization have forced the organizations to adopt a new pattern of organizing. Managers are focusing more on technology and globalization and they are ensuring that the company can cope with the emerging challenges.Customer Relations: Customers are the major driving force in every business. To maintain the customer base, the managers need to focus on customer relations as the organization's design process should be centered around their needs. This will help the managers in creating a company that provides excellent customer service to its customers.Technical Knowledge: The success of an organization depends on the technical knowledge of its managers. Managers need to have knowledge about new and emerging technologies so that they can use them to enhance the organization's capabilities. In addition, managers need to know how to apply this technical knowledge to improve the organization's structure and operations.Flexibility: Flexibility is a crucial component in the organization's design process. The managers need to design the organization that is flexible enough to adapt to new changes and technologies. This will help the managers in keeping up with the rapidly changing business environment.Employee's Well-being: The well-being of employees is also a significant issue in the organization's design process. The managers need to design the organization in a way that the employees can work efficiently, and their personal needs are also met. This will help in improving the employee's productivity and motivation level and ensure their loyalty to the organization.For more such questions on Globalization
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A banking institution offers different investment programs for young couples, families, and retired individuals. What type of consumer segmentation is
this?
A. psychographic segmentation
B. demographic segmentation
C. behavioral segmentation
D. geographic segmentation
Answers
Answer:
demographic!!!
Question 6 (10 points)
A company purchases $10,000 worth of equipment on account. What effe
this transaction have on the equity account?
Increases
Decreases
No Effect
Answers
Answer:
Equity is not changed by credit or purchases on account.
The correct is C. It has no effect
Explanation:
I am positive. Have a great day!
what are the three element of business equipment and resource?
Answers
Answer:
1.1 Identify and access business equipment or resources required to
complete task under direct instructions
1.2 Estimate quantities and resources correctly to complete the task
1.3 Check equipment for serviceability in accordance with equipment
instructions
2. Operate equipment
2.1 Operate equipment in accordance with manufacturer's specifications
and under direct instructions
2.2 Identify equipment faults accurately and take action to ensure
equipment is repaired in accordance with manufacturer's
specifications
2.3 Report repairs outside area of own responsibility to appropriate
persons
3. Maintain equipment or resources
3.1 Maintain equipment or resources to support completion of tasks under
direct instructions
3.2 Undertake maintenance to ensure equipment meets manufacturer's
specifications
3.3 Maintain records concerning equipment or resources under direct
instructions
3.4 Store equipment and resources under direct instructions
Explanation:
Derek Davis, the sole proprietor of DD's Jam Shoppe, started trading on 1 January 2015 and provides you with the following list of balances which was extracted from his books on 31 March 2015. §. Inventory on 31 March 2015 was valued at · . ● Bank . Cash Accounts Receivable Accounts Payable Fixtures, Fittings and Equipment Premises Capital Transportation Out Discounts Wages and Salaries Utilities (including water rates) Rent Revenue Loan 1 Gross Income 1 654 6 875 9020/JANUARY/F 2016 699 450 7 780 25 000 396 160 4 750 1 180 1922 32 484 Additional information at 31 March 2015: Fixtures, Fittings and Equipment is to be depreciated at 20% per annum, using the straight line method. 185 3 000 2 560 8 793 One employee has not yet been paid his wages of $900. The Water Company has a credit of $160 for payment received in advance. 4 Mr Davis rents part of his shop premises to a tenant, who owes $1 500 in rent for the month of March. Interest is to be calculated on the Loan at the rate of 15% per annum.
Answers
Here is the financial statement for Derek Davis's sole proprietorship:
The financial statementDerek Davis, sole proprietor of DD's Jam Shoppe, had the following balances as of March 31, 2015:
Cash: $1,654
Accounts receivable: $6,875
Inventory: $9,020
Accounts payable: $4,500
Fixtures, fittings, and equipment: $7,780
Premises: $25,000
Capital: $39,616
Transportation out: $160
Discounts: $4,750
Wages and salaries: $1,180
Utilities (including water rates): $1,922
Rent revenue: $32,484
Loan: $185
Gross income: $8,793
Additional information:
Fixtures, fittings, and equipment are to be depreciated at 20% per annum, using the straight line method.
One employee has not yet been paid his wages of $900.
The Water Company has a credit of $160 for payment received in advance.
Mr. Davis rents part of his shop premises to a tenant, who owes $1,500 in rent for the month of March.
Interest is to be calculated on the Loan at the rate of 15% per annum.
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In a private enterprise economic system, the interaction of supply an demand primarily determines
Answers
what is the attitude of people aged 25-35 towards staycation
Answers
The attitude of people aged 25-35 towards staycation should be relaxed not really excited, because they are familiar with the environment, also they will engage other home activities ,for example swimming, social gatherings, hiking etc. This would create room for them to be able rest due to the fact that aren't actively involved in much long distance travels.
What is staycation? staycation is when one chooses to stay home during time off or leave instead of travelling
An example of a staycation is visiting a natural resort or local testing as if you were a tourist in your own town. A vacation in which one does not travel away from home.
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Cynthia is interested in investing in Clothing Unlimited Inc. Which attribute from the stock quote can Cynthia use to determine how the stock has performed over the past year?
A. current price
B. net change
C. open price
D. a positive or negative result for the one-year change
E. previous close price
Answers
Answer:
D. a positive or negative result for the one-year change
Explanation:
The most relevant parameter of a stock's performance is the stock's returns. If a stock has been consistent in producing good returns, the past financial year's results play a big role in determining whether to invest in its stock or not.
If Cynthia is interested in investing in Clothing Unlimited stock, she needs to look at its past performances and compare it with lay year's results. If the stock has been yielding consistent positive results, there is a big possibility that the trend will continue into the future.
Answer:
Cynthia is interested in investing in Clothing Unlimited Inc. Which attribute from the stock quote can Cynthia use to determine how the stock has performed over the past year?
A.
current price
B.
net change
C.
open price
D.
positive or negative result for the one-year change
E.
previous close price
Explanation:
a document that tracks a company's income and expenses is referred to as
Answers
Answer:
a financial statement
Explanation:
Financial statements are a direct product of accounting reporting systems that, in their essence and purpose, reflect performance, ie. performance of the company for a certain period of time, its financial and structural position, as well as the position of liquidity on the selected balance sheet date.
The main purpose of their compilation is reflected in the information service of various interest groups that rely on them in the process of making important decisions, often as the only available source of information. As such, they are prepared and presented at the end of the business year, with the possibility of semi-annual or quarterly reports.
Economic demand is?
A. the amount of a good or service that consumers are willing and able to buy at one price.
B. the amount of a good or service that consumers are willing and able to buy at various prices.
C.the amount of a good or service that producers are willing and able to produce at various prices.
D. the amount of a good or service that consumers are willing but not able to buy at various prices.
Which of the following is correct?
Answers
The correct answer is B. Economic demand is the amount of a good or service that consumers are willing and able to buy at various prices.
It reflects the relationship between the price of a product and the quantity that consumers are willing to purchase at that price. Demand is influenced by factors such as price, consumer preferences, income levels, and availability of substitutes.
As the price of a product decreases, the quantity demanded generally increases, and vice versa, following the law of demand. The demand curve represents this relationship, showing the quantity of a good or service that consumers are willing and able to buy at different price points.
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Tanya has money that she wants to leave to her grandchildren after she dies, but she doesn't want them to have to pay an inheritance tax. What
is the BEST way for Tanya to leave money to her grandchildren tax-free?
OA. Put all of her money into a 401k.
OB. Start gifting each of them $15,000 per year now.
OC. Put all of her money into stocks and bonds.
OD Start gifting each of them $25,000 per year now.
Answers
Answer:
B. Start gifting each of them 15k per year now.
Explanation: 15k is the max amount of money you can gift someone per year without taxation!
Every other answer besides B would require some sort of tax to pay!
Answer:
B. Start gifting each of them $15,000 per year now.
Explanation:
$15,000 is the max amount someone gave give out per year without getting taxed.
Every other answer choice would require some sort of tax!
How would an increase in taxes influence the size of the multiplier in a four sector?
Answers
At the beginning of January of the current year, Thomas Law Center's ledger reflected a normal balance of $52,000 for
accounts receivable. During January, the company collected $14,800 from customers on account and provided additional
services to customers on account totaling $12,500. Additionally, during January one customer paid Thomas $5,000 for services
to be provided in the future. At the end of January, the balance in the accounts receivable account should be:
Answers
Answer:
$49,700
Explanation:
Opening balance for accounts receivable: $52,000
Add services provided on account : $12,500
total due from customers : $64,500
less payment received : $14,800
Closing balance : $49,700
The amount received as prepayment is not a receivable but a liability. Receivable refers to money owed to a business by customers for goods or services delivered by payment has not been made.
answer the following questions, please
Answers
The cost reconciliation indicates a discrepancy, as the total costs assigned exceed the beginning work in process costs. This could be due to additional costs.
How did we arrive at this assertion?To prepare a production cost report for the Welding Department for the month of February, we need to calculate the following:
1. Equivalent units of production for materials, labor, and overhead.
2. Cost per equivalent unit for materials, labor, and overhead.
3. Total costs assigned to units transferred out and ending work in process.
4. Cost reconciliation.
Let's calculate each of these steps:
Step 1: Equivalent Units of Production
Equivalent units of production are calculated based on the percentage of completion for units in process.
For materials:
Beginning work in process: 15,000 units x 10% complete = 1,500 equivalent units
Units transferred in: 64,000 units
Ending work in process: 25,000 units x 20% complete = 5,000 equivalent units
Total equivalent units for materials: 1,500 + 64,000 + 5,000 = 70,500 equivalent units
For labor and overhead:
Since the given data does not provide the percentage of completion for labor and overhead, we assume it is the same as for materials. Therefore, the equivalent units for labor and overhead will also be 70,500 units.
Step 2: Cost per Equivalent Unit
To calculate the cost per equivalent unit, we divide the total costs by the total equivalent units.
Cost per equivalent unit for materials: $135,000 / 70,500 units = $1.91 per unit
Cost per equivalent unit for labor: $57,000 / 70,500 units = $0.81 per unit
Cost per equivalent unit for overhead: $35,100 / 70,500 units = $0.50 per unit
Step 3: Total Costs Assigned
To calculate the total costs assigned to units transferred out and ending work in process, we multiply the cost per equivalent unit by the equivalent units for each category.
For units transferred out:
Materials: 64,000 units x $1.91 per unit = $122,240
Labor: 64,000 units x $0.81 per unit = $51,840
Overhead: 64,000 units x $0.50 per unit = $32,000
For ending work in process:
Materials: 25,000 units x $1.91 per unit = $47,750
Labor: 25,000 units x $0.81 per unit = $20,250
Overhead: 25,000 units x $0.50 per unit = $12,500
Step 4: Cost Reconciliation
To reconcile the costs, we compare the total costs assigned to units transferred out and ending work in process with the beginning work in process costs.
Beginning work in process costs: $32,175
Total costs assigned to units transferred out: $122,240 + $51,840 + $32,000 = $206,080
Total costs assigned to ending work in process: $47,750 + $20,250 + $12,500 = $80,500
Total costs: $206,080 + $80,500 = $286,580
Since the total costs assigned exceed the beginning work in process costs, there may be some additional costs that need to be investigated or accounted for.
The production cost report for the Welding Department for the month of February is as follows:
------------------------------------------------------------------------
| | Equivalent Units | Cost per Equivalent Unit | Total Costs |
------------------------------------------------------------------------
| Materials | 70,500 | $1.91 | $135,000 |
| Labor | 70,500 | $0.81 | $57,000 |
| Overhead | 70,500 | $0.50 | $35, 100 |
------------------------------------------------------------------------
| Total (Transferred-out) | 64,000 | | $227,240 |
| Ending work in process | 25,000 | | $80,500 |
------------------------------------------------------------------------
| Total Costs $307,740 |
------------------------------------------------------------------------
Note that the cost reconciliation indicates a discrepancy, as the total costs assigned exceed the beginning work in process costs. This could be due to additional costs.
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assume that the united states and france are the only two countries in the world and that exchange rates between the two countries are flexible. a. assume that there is an increase in the united states demand for french goods. explain how this increase in demand will affect each of the following: i. the supply of dollars ii. the international value of the dollar
Answers
There is an increase in the united states' demand french goods. increase in demand will affect the following :
i. Supply of dollars increases to buy French goods
ii. The value depreciates due to the increase in the supply of dollars
How does value depreciation work?
Depreciation is the value loss that occurs as an item is utilized or ages over time. The total depreciated value of an object is how value is expressed once depreciation is taken into consideration.
You will determine this value by applying a complex equation that takes into consideration the item's original cost, its salvage value, and its predicted age.
Therefore, When you utilize your goods for purposes other than business, how much they depreciate is typically essential.
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Dan plant will require two shifts of skilled workers, seven days a week. As he does his research he will pay particular attention to --------
Answers
As Dan plans to require two shifts of skilled workers, seven days a week, he will likely pay particular attention to factors such as labor laws, labor costs, and availability of skilled workers in the area.
What is Skilled Worker?
A skilled worker is a person who has specialized knowledge, training, and experience in a particular field or trade. Skilled workers possess expertise and competency in a specific occupation, which usually requires a certain level of formal education, vocational training, or on-the-job experience. Examples of skilled workers include electricians, plumbers, carpenters, mechanics, welders, machinists, and healthcare professionals such as nurses and doctors.
He may also consider factors such as employee benefits, training programs, and safety regulations. Additionally, he may need to consider logistical factors such as transportation and scheduling to ensure that the shifts run smoothly and efficiently.
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Why should you begin a case analysis with a financial analysis? When are other approaches appropriate?
Answers
A case analysis should start with a financial analysis because it shows how significant the problem is for a company. The primary goal of a business is to make money. studying the firm's total success is thus achievable through studying its financial performance.
A financial analysis will not only help you understand your company's financial health, determining its creditworthiness, profitability, and ability to generate money, but it will also provide you a more in-depth look at how well it functions internally. Horizontal analysis, vertical analysis, ratio analysis, trend analysis, and cost-volume profit analysis are the five most popular approaches to financial statement analysis. Each method enables the creation of a more thorough and sophisticated financial profile.
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Write an elevator pitch for someone that will start their own beauty salon/barber shop
Answers
An effective technique to introduce your company's goals and pique interest in your goods or services is through an elevator pitch. A compelling pitch will draw in potential.
Product: What does that mean?The object being sold is referred to as a product. A service or even an object both qualify as products. It might take on a physical, virtual, or cyber form. Every product has a cost associated with it, and each one has a price.
Is a remedy a thing?The easiest way to distinguish between a product and a solution is to say that a product is what you have made and what it is capable of. A business outcome who offers your clients quantifiable value is a solution.
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How can a manager keep good relations with their employees and industry.
Answers
Answer:
give more money and be kinder
Goals set for and by first-line managers are called _____ goals.
Answers
Trái phiếu của công ty S hiện được bán với mức giá $955, lãi suất coupon là
12% trả lãi hàng năm, mệnh giá là $1.000, thời gian đáo hạn là 15 năm. Hãy
tính YTM của trái phiếu.
Answers
Answer:
câu trả lời là 16.800 trong 15 năm với lãi suất 12%
What is the term for the idea that you can never recover more than the loss is worth, regardless of the amount of insurance that you have?
ОА
consensus ad idem
B.
the principle of indemnity
OC negligence
OD
risk classification
Answers
The principle of indemnity is the idea that you can never recover more than the loss is worth, regardless of the amount of insurance that you have.
What is loss?Loss occur due to some unplanned circumstances. It could be loss of live and properties such as cars and house.
Insurance allows us to have a backup in case of loss.
Therefore, The principle of indemnity is the idea that you can never recover more than the loss is worth, regardless of the amount of insurance that you have.
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Depreciation On March 20, 2019, Norton Systems acquired two new assets. Asset A was research equipment costing $23,000 and having a 3 year recovery period. Asset B was duplicating equipment having an installed cost of $49,000 and a 5 year recovery period. Using the MACRS depreciation percentages, prepare a depreciation schedule for each of these assets.
Answers
Using the MACRS depreciation percentages, a depreciation schedule for each of the assets is as follows:
Asset A Research Equipment:Year Cost Depreciation Accumulated Net Book
Expense Depreciation Value
2019 $23,000 $7,666 $7,666 $15,334
2020 23,000 10,224 17,890 5,110
2021 23,000 3,406 21,296 1,704
2022 23,000 1,704 23,000 $0
Asset B Duplicating Equipment:Year Cost Depreciation Accumulated Net Book
Expense Depreciation Value
2019 $49,000 $9,800 $9,800 $39,200
2020 49,000 15,680 25,480 23,520
2021 49,000 9,408 34,888 14,112
2022 49,000 5,645 40,533 8,467
2023 49,000 5,645 46,178 2,822
2024 49,000 2,822 49,000 $0
What is MACRS depreciation?MACRS means the Modified Accelerated Cost Recovery System. It is a depreciation that allows the capitalized cost of an asset to be recovered over a specified period through annual deductions.
The MACRS system puts depreciable long-term assets into classes based on their set depreciation periods with predetermined rates.
The Modified Accelerated Cost Recovery System (MACRS) is a tax-based depreciation system that gives room for faster depreciation of an asset in its first year.
Data and Calculations:Date of Purchase = March 20, 2019
Asset A Research Equipment Depreciation Expense :
2019 = $7,666 ($23,000 x 33.33%)
2020 = $10,224 ($23,000 x 44.45%)
2021 = $3,406 ($23,000 x 14.81%)
2022 = $1,704 ($23,000 x 7.41%)
Asset B Duplicating Equipment Depreciation Expense :
2019 = $9.800 ($49,000 x 20%)
2020 = $15,680 ($49,000 x 32%)
2021 = $9,408 ($49,000 x 19.20%)
2022 = $5,645 ($49,000 x 11.52%)
2023 = $5,645 ($49,000 x 11.52%)
2024 = $2,822 ($49,000 x 5.76%)
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Question Completion:Applicable MACRS % Rate: rt
Year t 3-year 5-year
property property
1 33.33 20.00
2 44.45 32.00
3 14.81 19.20
4 7.41 11.52
5 --- 11.52
6 --- 5.76
Sum 100.00 100.00
Which of the following would be considered residential transactions please select all that apply
Answers
Answer:
is the reduces of an Insurance
Explanation:
there have been several complaint about the increase in the number of teenage hawkers in the street. write a letter to the editor of national newspaper discussing the problem suggesting solution
report on a case study of business ethics
Answers
a corporate ethics case study-
This sequential framework consists of:
Describe the specifics of the moral dilemma you initially saw.
List the pertinent details.
Identify the participants.
Explain the fundamental principles.
Consider the effects.
Find the applicable obligations and rights.
Consider which virtues are relevant.
Think about any pertinent connections.
An ethical case study is what?A collection of case studies on ethical difficulties that could come up when conducting physics research is known as the APS Ethics Case Studies. There are discussions that go along with many of the research. Researchers, teachers, and students are all expected to use these case studies as educational resources.
What kinds of case studies are there?Different Case Study Types
A community as a whole or a particular group of people may be the subject of a study. For instance, psychologists might investigate how a community's resource accessibility has impacted the residents' overall mental health.
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Jacob Suppliers has not paid out any dividend in the last three years. It does not expect to pay dividends in the next two years either as it recovers from an economic slowdown. Three years from now it expects to pay a dividend of $1.75 and then $2.80 in the following two years. What is the present value of the dividends to be received over the next five years if the discount rate is 14.5 percent
Answers
Answer:
3.78
Explanation:
Question 11
Marcelino set up a business in which he was the primary shareholder, Boxing Stars, Incorporated (BSI), to market boxing gear
and clothing. The company that leased Marcelino the retail space for BSI to do business demanded that Marcelino sign a
document agreeing to pay them out of his personal assets if BSI defaults on the retail lease. The document that Marcelino
signed is known as a
O personal indenture.
O personal guarantee.
O corporate veil.
O debt conveyance.
Answers
The personal guarantee corresponds to the document signed by Marcelino as a contractual protection.
What is the personal guarantee?It is a legal protection for credit-issuing companies, which guarantees the responsibility for paying debts with the use of the individual's personal assets if the contracting company is unable to bear such expenses.
Therefore, the personal guarantee is a form of legal protection guaranteed by a risk reduction contract to business partners.
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If a perfectly competitive firm receives a marginal revenue of $10 for its product and the minimum average variable cost is $11, then the firm should, in the short run:
a.reduce the level of output its produces
b.increase the level of output it produces
c.neither increase nor decrease the level of output it produces
d.shut down
Answers
If a perfectly competitive firm receives a marginal revenue of $10 for its product and the minimum average variable cost is $11, then the firm should, in the short run shut down.
For a perfectly competitive firm, the marginal revenue tends to equal price and as well as the average revenue. So, this implies that the firm's marginal cost curve in its short-run supply curve for values is thus greater than the average variable cost. So, if the price drops below average variable cost, the firm shuts down.
So, a firm's total profit is maximized by the producing the level of output at which marginal revenue for the last unit produced will thus equal its marginal cost, or MR = MC.
Hence, option D is correct.
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How could a manager learn what is right and wrong?
Answers
Answer:
by leading the members of his department.and by giving instructions.
Which is considered a dwelling coverage?
A. It is that part of your property insurance that provides financial protection for all of the objects in your home, including appliances, furniture, housewares, clothes, electronics, jewelry and all other material goods not part of or permanently attached.
B. It is coverage for personal property, liability and loss of use.
C. It provides financial protection in case someone else is hurt and/or injured on your property for which you are found liable.
D. That part of your property insurance that provides financial protection for the inside and outside of the physical building.
Answers
Property and Automobile Insurance Quick Check
Answer: 1. That part of your property insurance that provides financial protection for the inside and outside of the physical building.
2. liability coverage
3. It provides financial protection for all of the objects in your home.
4. It covers injury or death to others caused by the named driver or named car.
5. property damage liability
Explanation: I took the same quick check and got 100%, hope this helps someone!
4/6/2023
It is that part of your property insurance that provides financial protection for all of the objects in your home, including appliances, furniture, housewares, clothes, electronics, jewelry, and all other material goods not part of or permanently attached is considered a dwelling coverage. The correct option is A.
What is called dwelling?A permanent building or structurally independent portion of one, such as a detached house or flat, that was built or changed with the intention of being inhabited by a single household is referred to as a dwelling.
It doesn't cover the land or the possessions inside the house. just the building. It is "Coverage A" under a homeowner's policy. Now, installed fixtures like cabinets and countertops as well as permanently attached appliances that are connected to public utilities, such as some stoves or a water heater, are covered by dwelling insurance.
Thus, the ideal selection is option A.
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