Madson Company is analyzing several proposed investment projects The firm has resources only for one project Project P Project Q Project R Project S Project T Cost of investment $32,000 $38,200 $57,100 $47,400 $53,000 Net cash flow Year 1 $5,200 $3,200 $4,300 $26,000 $15,900 Year 2 $9,600 $15,300 $16,900 $8,400 $15,800 Year 3 $12,700 $14,700 $21,000 $6,400 $16,100 Year 4 $15,300 $19,300 $31,000 $4,300 $11,000 Year 5 $52,000 $2,100 $10,000 The company uses the payback period method for making capital investment decisions. On the basis of this decision model, which project should be selected? (Ignore taxes.) a. Project T b. Project Q c. Project P d. Project R e. None

Answer:

Madison Company

On the basis of the payback period decision model, the project that should be selected is:

c. Project P

Explanation:

a) Data and Analysis:

                                 Project P   Project Q   Project R   Project S   Project T

Cost of investment  $32,000    $38,200    $57,100    $47,400   $53,000

Net cash flow

Year 1                         $5,200      $3,200      $4,300   $26,000    $15,900

Year 2                        $9,600     $15,300    $16,900     $8,400     $15,800

Year 3                       $12,700     $14,700    $21,000     $6,400      $16,100

Year 4                       $15,300    $19,300     $31,000     $4,300     $11,000

Year 5                      $52,000     $2,100     $10,000

Total net cash flow $94,800   $54,600    $83,200    $45,100    $58,800

                                 Year 4       Year 4        Year 4       Unable      Year 4

b) While four of the five projects pay back within Year 4, Project P has the added advantage of more total cash inflows.  It is followed closely by Project R.  The payback period as a capital appraisal method relies on counting the years or periods when the project's investment will be recovered. The payback period method does not evaluate projects based on the time value of money unless the modernized discounted payback period method is used.

The payback period method is a method that considers the number of months or years it takes to return the initial investment.

When more than one investment is being considered under payback period, the investment with the shortest payback period will be selected.

Since the net cash inflows of each year for each project is different, the following formula is used in the attached photo to calculate the payback period:

Payback period = A + (X / Y) ………………….. (1)

Where:

A = Year immediately preceding to year of recovery

X = Amount left to be recovered

Z = Cash inflow in the year of final recovery

Before equation (1) is used, cumulative net cash inflows is first calculated as done in the attached photo.

From the attached photo, we have:

Project P’s payback period = 3.29 years

Project Q’s payback period = 3.26 years

Project R’s payback period = 3.48 years

Project S’s payback period = after 5 years

Project T’s payback period = 3.47 years

Based on above the above, b. Project Q should be selected because it has the shortest payback period which is 3.26 years.

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Bramble Corp. reported the following year-end information: Beginning work in process inventory $1080000 Beginning raw materials inventory 300000 Ending work in process inventory 900000 Ending raw materials inventory 480000 Raw materials purchased 960000 Direct labor 910000 Manufacturing overhead 730000 Bramble Corp.'s cost of goods manufactured for the year is

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define credit crunch.​

What is the price today (in dollars and cents) of a 20-year zero coupon bond if the required rate of return is 6.95%. The bond face value is $1000. $ Place your answer in dollars and cents. You should set your calculator for at least four decimal places of accuracy. I'll remind you of this from time to time but this is a working rule throughout the semester. Do not include a dollar sign or comma in your answer. This is another rule that I'll remind you of but should be a working rule throughout the semester.

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a. Conscientious Personality
b. Introverted Personality
c. Narcissistic Personality
d. Sell Monitoring Personality
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Required:
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b. If the interest rate increases to 7 percent, what is the value of each bond? Which bond has a larger percentage change in value?

The manufacturing division of an electronics company uses activity-based costing. The company has identified three activities and the related cost drivers for indirect production costs:
Activity Cost Driver
​Activity 1 Direct materials CostActivity 2 Direct Labor Cost
Activity 3 Kilowatt Hours
Three types of products are produced. Direct costs and cost-driver activity for each product for a month are as follows:
Product A Product B Product C
Direct material cost $75,000 $50,000 $125,000
Direct Labor Cost $6,600 $1,000 $3,000
Direct Labor hours $2,000 $1,000 $2,000
Kilowatt hours $150,000 $200,000 $150,000
Indirect productioncosts for the month are as follows:
Activity 1 $30,000
Activity 2 $20,000
Activity 3 $16,000
Total $66,000
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B.) Compute the indirect production costs allocated to each product using a traditional costing system. Assume indirect production costs are allocated to each product using the cost driver: direct labor hours?

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Required:
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Ginocera Inc. is a designer, manufacturer, and distributor of low­cost, high­quality stain­ less steel kitchen knives. A new kitchen knife series called the Kitchen Ninja was released for production in early 2016. In January, the company spent $600,000 to develop a late­ night advertising infomercial for the new product. During 2016, the company spent $1,400,000 promoting the product through these infomercials, and $800,000 in legal costs. The knives were ready for manufacture on January 1, 2016.
Ginocera uses a job order cost system to accumulate costs associated with the kitchen knife. The unit direct materials cost for the knife is:
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Wood (for handle) 1.50
Packaging 0.50
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After the knife shafts are stamped, they are brought to an assembly area where an employee attaches the handle to the shaft and packs the knife into a decorative box. The direct labor cost is $0.50 per unit.
The knives are sold to stores. Each store is given promotional materials, such as post­ ers and aisle displays. Promotional materials cost $60 per store. In addition, shipping costs average $0.20 per knife.
Total completed production was 1,200,000 units during the year. Other information is as follows:
Number of customers (stores) 60,000
Number of knives sold 1,120,000
Wholesale price (to store) per knife $16
Factory overhead cost is applied to jobs at the rate of $800 per stamping machine hour after the knife blanks are stamped. There were an additional 25,000 stamped knives, handles, and cases waiting to be assembled on December 31, 2016.
Instructions
1. Prepare an annual income statement for the Kitchen Ninja knife series, including sup­ porting calculations, from the information provided.
2. Determine the balances in the work in process and finished goods inventories for the Kitchen Ninja knife series on December 31, 2016.

Under an installment contract, a buyer can:

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HOBBIT COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2020

Work in process (1/1) $219,610
Direct materials
Raw materials inventory (1/1) $51240
Add: Raw materials purchases 160,200
Total raw materials available for use 211440
Less: Raw materials inventory (12/31) 29,310
Direct materials used $182,130
Direct labor
Manufacturing overhead Indirect labor 26,980
Factory depreciation 45,020
Factory utilities 72,870
Total overhead 144,870
Total manufacturing costs 327000
Total cost of work in process 631170
Less: Work in process (12/31) 84,330
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The unadjusted trial balance for PS Music as of July 31, 20Y5 is as follows:
PS Music
Unadjusted Trial Balance
July 31, 20Y5
Account No. Debit Balances Credit Balances
Cash 11 9,945
Accounts Receivable 12 2,750
Supplies 14 1,020
Prepaid Insurance 15 2,700
Office Equipment 17 7,500
Accounts Payable 21 8,350
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Fees Earned 41 16,200
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Office Rent Expense 51 2,550
Equipment Rent Expense 52 1,375
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Advertising Expense 55 1,500
Supplies Expense 56 180
Miscellaneous Expense 59 1,855
40,750 40,750
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Account # Account Name
18 Accumulated Depreciation-Office Equipment
22 Wages Payable
57 Insurance Expense
58 Depreciation Expense
The data needed to determine adjustments for the two-month period ending July 31, 2019, are as follows:
July 31: During July, PS Music provided guest disc jockeys for KXMD for a total of 115 hours. The contract requires PS Music to provide a guest disc jockey for 80 hours per month for a monthly fee of $3,600, which PS Music has already received payment for. Any additional hours beyond 80 will be billed to KXMD at $40 per hour.
Account Post. Ref. Debit Credit
July 31: Supplies on hand at July 31, $275.
Account Post. Ref. Debit Credit
July 31: The balance of the prepaid insurance account relates to the following July 1, 2019 transaction: "Paid a premium of $2,700 for a comprehensive insurance policy covering liability, theft, and fire. The policy covers a one-year period."
Account Post. Ref. Debit Credit
July 31: Depreciation of the office equipment is $50.
Account Post. Ref. Debit Credit
July 31: The balance of the unearned revenue account relates to the contract between PS Music and KXMD, described in the July 3, 2019 transaction, which included the following: "On behalf of PS Music, Peyton signed a contract with a local radio station, KXMD, to provide guest spots for the next three months. The contract requires PS Music to provide a guest disc jockey for 80 hours per month for a monthly fee of $3,600." In accordance with the contract, Peyton received $7,200 from KXMD as an advance payment for the first two months.
Account Post. Ref. Debit Credit
July 31: Accrued wages as of July 31, 2019, were $140.
Account Post. Ref. Debit Credit

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You will know the best way to communicate project information to the stakeholders.
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