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Wilson Athletic has developed a new golf ball that consistently flies 20% further than their old balls. With the worldwide market for golf balls at 3 million dozen, Wilson believes their new ball is revolutionary enough to capture 8% of that market in the first year and 15% in the second through fifth year of production. Wilson plans on selling this ball at premium to the price of other balls at $36.00 per dozen. However, variable costs per dozen are also relatively high due to the specialized nature of the manufacturing - $21. To reach their sales goals, Wilson plans to pay $1.5 million in advertising and $2.2 million in player endorsement contracts per year that Wilson makes the ball. Wilson will also have to add on to its existing factory and add new equipment that will (in total) cost $2.2 million before the start of production. This facility will require $250,000 in utilities and maintenance per year of manufacturing. This building and equipment will have a five year life and can be sold for $50,000 at the end of five years. Wilson's tax rate is 40% and discount rate/cost of capital is 12%. What is the NPV and IRR for the new golf ball project? Should Wilson proceed with the project?
Three different companies each purchased a mcahine on January 1, 2012 for 54,000. Each machine was expected to last five years or 200,000 hours, salvage walue was esitmated to be 4,000. which company will report highest amount of net income for 2..
Merchandise inventory costing $20,000 was sold to customers for $28,000 cash. Illustrate what amount of revenue and cash flow resulted from this transaction?
Prepare a projected income statement for the first month of operations.- Prepare a balance sheet as it would appear at the end of the first month of operations.
Compute Cholati’s branch profi ts tax, and determine its branch interest withholding tax obligations. Assume that Cholati does not reside in a treaty country.
Mecha Oil Company is considering investing in a new oil well. It is expected that the oil well will increase annual revenues by $142,300 and will increase annual expenses by $72,988 including depreciation. The oil well will cost $492,800 and will hav..
What is the amortization amount for every intangible asset in the existing year?
Ames Company reported 2012 net income of $151,820. During 2012, accounts receivable increased by $13,280 and accounts payable increased by $9,730. Depreciation expense was $46,760. Prepare the cash flows from operating activities section of the state..
kirkland theater sells season tickets for six events at a price of 252. for the 2010 season 1200 season tickets were
Discuss reasons why Jordan would want to treat the leases as a sales-type instead of operating leases.
Prepare the journal entries necessary to record the transactions. Prepare the entries necessary to record amortization expense for the intangible assets.
Net income was $150,000 in 2011 and $180,000 in 2012. Each partner withdrew $1,000 for personal use every month during 2011 and 2012. What was Warren's capital balance at the end of 2011?
Maxwell company had the following data for the current fiscal period. units in process at the beginning of the month 12000 units in process at the end of the month 8000 units started during the month 40000. Materials are added at the beginning of the..
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