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Niko has purchased a brand new machine to produce its High Flight line of shoes. The machine has an economic life of five years. The depreciation schedule for the machine is straight-line with no salvage value. The machine costs $590,000. The sales price per pair of shoes is $60, while the variable cost is $14. $168,000 of fixed costs per year are attributed to the machine. Assume that the corporate tax rate is 34 percent and the appropriate discount rate is 8 percent.
What is the financial break-even point? (Do not round intermediate calculations and round your final answer to nearest whole number (e.g., 32).)
Financial break-even point units
A firm buys on terms of 3/15, net 45. It does not take the discount, and it generally pays after 60 days. What is the nominal annual percentage cost of its non-free trade credit, based on a 365-day year? (Please show all work and formulas)
Axon Industries needs to raise $2500000 USDs for a new investment project. If the firm issues 1-year debt, it may have to pay an interest rate of 6%, although Axon's managers believe that 4% would be a fair rate given the level of risk. What is the ..
The Moore Corporation has operating income (EBIT) of $550,000. The company's depreciation expense is $110,000. Moore is 100% equity financed, and it faces a 35% tax rate. What is the company's net income? $ Assuming no changes to any of the Balance S..
Critique the use of bank debit cards. Bank debit cards are becoming a popular alternative to using checks or credit cards. Investigate the advantages and disadvantages of using a bank debit card and answer the questions below. An installment loan is ..
The following information about the mean returns and covariances for three stocks. Compute the tangency portfolio weights assuming a risk-free asset yields 5 percent. How does your answer change if the risk-free rate is 3 percent? 7 percent? What eff..
Considering the risk around the cost point estimate, what type of contract will generally be used for the contracted effort?
Your firm is contemplating the purchase of a new $648,000 computer-based order entry system. The system will be depreciated straight-line to zero over its six-year life. It will be worth $47,000 at the end of that time. Working capital will revert ba..
Thomson Media is considering some new equipment whose data are shown below. The equipment would be depreciated over a 3 year MACRS life, but it would have a salvage value at the end of Year 3, when the project would be closed down.
You have developed the following pro forma income statement for your corporation.(Sales 45764000) (variable costs 2285400) a. If sales should increase by 30 percent. by what percent would earnings before interest and taxes and net income increase?
Suppose the risk-free rate is 4.4 percent and the market portfolio has an expected return of 11.1 percent. The market portfolio has a variance of .0402. Portfolio Z has a correlation coefficient with the market of .30 and a variance of .3305 Accordin..
A not-for-profit nursing home has total expenses of $20 million. Sales tax in the state is 7%. Expenses are broken down into salaries ($12 million), supplies ($6million), and pharmacy ($2 million). The benefit received by the nursing home format he s..
Under these circumstances, would you purchase this stock? What do you believe is a fair market price for the stock?
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