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u. U poss Suppose that in the year 2015 Oceanaire, Inc. planned to produce 500 000...
Suppose that a business had implicit costs of $500 000 and had explicit costs of $5...
Suppose that a business had implicit costs of $500 000 and had explicit costs of $5 million in a specific year. If in that year the firm sold 100 000 units of its output at $50 per unit, its accounting: O profits were $100 000 and economic profits were zero losses were $500 000 and its economic losses were zero O profits were $500 000 and its economic profits were $1 million O profits were zero and its economic profits...
C. Suppose that during each minute there is a 1 in 500, 000 probability that there is an accident...
Question C
C. Suppose that during each minute there is a 1 in 500, 000 probability that there is an accident at a particular intersection (independently of all other minutes). Using the approximation of 500,000 minutes per year, we expect to see 1 accident per year on average. One year somebody proposes to install a new kind of stoplight to reduce accidents. You believe a priori that there is a 1/5 chance that the new stoplight is effective, in which...
Borges Machine Shop, Inc., has a 1-year contract for the production of 200 comma 000 gear...
Borges Machine Shop, Inc., has a 1-year contract for the production of 200 comma 000 gear housings for a new off-road vehicle. Owner Luis Borges hopes the contract will be extended and the volume increased next year. Borges has developed costs for three alternatives. They are general-purpose equipment (GPE), flexible manufacturing system (FMS), and expensive, but efficient, dedicated machine (DM). The cost data follow: General-Purpose Equipment (GPE) Flexible Manufacturing System (FMS) Dedicated Machine (DM) Annual contracted units 200 comma 000 ...
A bicycle manufacturer currently produces 280 comma 000 units a year and expects output levels to...
A bicycle manufacturer currently produces 280 comma 000 units a year and expects output levels to remain steady in the future. It buys chains from an outside supplier at a price of $ 2.10 a chain. The plant manager believes that it would be cheaper to make these chains rather than buy them. Direct in-house production costs are estimated to be only $ 1.50 per chain. The necessary machinery would cost $ 269 comma 000 and would be obsolete after...
Schweser Satellites Inc. produces satellite earth stations that sell for $95,000 each. The firm's fixed costs,...
Schweser Satellites Inc. produces satellite earth stations that sell for $95,000 each. The firm's fixed costs, F, are $2.5 million, 50 earth stations are produced and sold each year, profits total $600,000, and the firm's assets (all equity financed) are $5 million. The firm estimates that it can change its production process, adding $3.5 million to assets and $310,000 to fixed operating costs. This change will reduce variable costs per unit by $12,000 and increase output by 16 units. However,...
Break-even Point Schweser Satellites Inc. produces satellite earth stations that sell for $95,000 each. The firm's...
Break-even Point Schweser Satellites Inc. produces satellite earth stations that sell for $95,000 each. The firm's fixed costs, F, are $2.5 million, 50 earth stations are produced and sold each year, profits total $600,000, and the firm's assets (all equity financed) are $4 million. The firm estimates that it can change its production process, adding $4.5 million to assets and $300,000 to fixed operating costs. This change will reduce variable costs per unit by $12,000 and increase output by 18...
Break-even Point Schweser Satellites Inc. produces satellite earth stations that sell for $95,000 each. The firm's...
Break-even Point Schweser Satellites Inc. produces satellite earth stations that sell for $95,000 each. The firm's fixed costs, F, are $2 million, 50 earth stations are produced and sold each year, profits total $400,000; and the firm's assets (all equity financed) are $6 million. The firm estimates that it can change its production process, adding $5 million to investment and $350,000 to fixed operating costs. This change will (1) reduce variable costs per unit by $9,000 and (2) increase output...
Parker & Stone, Inc., is looking at setting up a new manufacturing plant in South Park...
Parker & Stone, Inc., is looking at setting up a new manufacturing plant in South Park to produce garden tools. The company bought some land six years ago for $4.5 million in anticipation of using it as a warehouse and distribution site, but the company has since decided to rent these facilities from a competitor instead. If the land were sold today, the company would net $4.8 million. The company wants to build its new manufacturing plant on this land;...
Standard Costing: Planned Variances As part of its cost control program, Tracer Company uses a standard...
Standard Costing: Planned Variances As part of its cost control program, Tracer Company uses a standard costing system for all manufactured items. The standard cost for each item is established at the beginning of the fiscal year, and the standards are not revised until the beginning of the next fiscal year. Changes in costs, caused during the year by changes in direct materials or direct labor inputs or by changes in the manufacturing process, are recognized as they occur by...
Suppose you have been hired as a financial consultant to Defense Electronics, Inc. (DEI), a large,...
Suppose you have been hired as a financial consultant to Defense Electronics, Inc. (DEI), a large, publicly traded firm that is the market share leader in radar detection systems (RDSs). The company is looking at setting up a manufacturing plant overseas to produce a new line of RDSs. This will be a five-year project. The company bought some land three years ago for $3.9 million in anticipation of using it as a toxic dump site for waste chemicals, but it...
Suppose that a business had implicit costs of $500 000 and had explicit costs of $5 million in a specific year. If in that year the firm sold 100 000 units of its output at $50 per unit, its accounting: O profits were $100 000 and economic profits were zero losses were $500 000 and its economic losses were zero O profits were $500 000 and its economic profits were $1 million O profits were zero and its economic profits...
Question C
C. Suppose that during each minute there is a 1 in 500, 000 probability that there is an accident at a particular intersection (independently of all other minutes). Using the approximation of 500,000 minutes per year, we expect to see 1 accident per year on average. One year somebody proposes to install a new kind of stoplight to reduce accidents. You believe a priori that there is a 1/5 chance that the new stoplight is effective, in which...
Break-even Point Schweser Satellites Inc. produces satellite earth stations that sell for $95,000 each. The firm's fixed costs, F, are $2.5 million, 50 earth stations are produced and sold each year, profits total $600,000, and the firm's assets (all equity financed) are $4 million. The firm estimates that it can change its production process, adding $4.5 million to assets and $300,000 to fixed operating costs. This change will reduce variable costs per unit by $12,000 and increase output by 18...
Parker & Stone, Inc., is looking at setting up a new manufacturing plant in South Park to produce garden tools. The company bought some land six years ago for $4.5 million in anticipation of using it as a warehouse and distribution site, but the company has since decided to rent these facilities from a competitor instead. If the land were sold today, the company would net $4.8 million. The company wants to build its new manufacturing plant on this land;...
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