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Johnny of the Job (JOJ) portable toilets must purchase new portable toilets that will be rented to construction companies for job site use. The toilet model the company is considering cost $275 per unit. The company plans to purchase 50 toilets. Each month the service and upkeep for the toilets is estimated to cost $8.75 per unit. Every 6 months the toilets must undergo cleaning and sanitizing that is contracted to cost $250 for all 50 toilets. The cleaning and sanitizing must also be performed before the company can dispose of the units, which will have a salvage value of $50 per toilet. JOJ wishes to make $5 per unit in addition to covering all costs. If the MARR for JOJ is 6%, how much should be charged (to the nearest dollar) per toilet per month for rental? Assume that all toilets are rented and can be used for 2 years.
Assets presented on the balance sheet are in order of accounting liquidity. Accounting liquidity refers to:
Which of the following should be included as part of the incremental earnings for the proposed new retail? store?
You purchased an immediate annuity which pays you $3,000 each year from next year for 15 years. Assuming interest rate is 5%, how much is the equivalent present value of these payments? At the same 4% annual interest rate, the future value of $1,000 ..
Retained Earnings Statement Rolt Company began 2013 with a $135,000 balance in retained earnings. During the year, the following events occurred: The company earned net income of $85,000. A material error in net income from a previous period was corr..
BigBlue Prints has sales this year of $15 million under its current credit policy. The present terms are net 30; the average collection period is 60 days; and the bad debt loss percentage is 5 percent. Perform a complete analysis to justify whether o..
David Ortiz Motors has a target capital structure of 45% debt and 55% equity. The yield to maturity on the company's outstanding bonds is 12%, and the company's tax rate is 40%. Ortiz's CFO has calculated the company's WACC as 8.55%. What is the comp..
The Gibson Guitar Company has a coupon bond outstanding that pays coupon interest of $120 per year and has 8 years to maturity. If the market rate for similar bonds is currently 14 %, what is the bond’s current market value? Also, what is the coupon ..
Describe a way in which a speculator can use futures contracts to manipulate their equity portfolio beta when they expect market returns will fall?
A small business has decided to seek new investors for expansion. The company has recently paid a $4.75 dividend. The average required return for the industry is 17% Dividends have historically grown at a 6% interest rate. What is the value of the co..
Find the future value of the following annuities. The first payment in these annuities is made at the end of Year 1; that is, they are ordinary annuities. Then, without clearing the TVM register, you can "override" the variable that changes by simply..
Calculate the annual cash flows (annuity payments) from a fixed-payment annuity if the present value of the 25-year annuity is $1.9 million.
Wilmington Chemical Company produces three products: ethylene, butane, and ester. Each of these products has high demand in the market, and Wilmington Chemical is able to sell as much as it can produce of all three. Determine the unit contribution ma..
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