A simple random sample of 37 weights of post-1983 pennies have a mean weight of 2.49910g and a standard deviation of .01648g. U.S. Mint specifications require that pennies be manufactured so that the mean weight is 2.500g. A hypothesis will verify that the sample appears to come from a population with a mean of 2.500 […]
Sam Corp. is considering a new investment whose data are shown below. The equipment would be depreciated on a straight-line basis over the project’s 3-year life, would have a zero-salvage value, and would require some additional working capital that would be recovered at the end of the project’s life. Revenues and other operating costs are expected to […]
Dyson Inc. currently finances with 20.0% debt, but its new CFO is considering changing the capital structure to 60.0% debt by issuing additional bonds and using the proceeds to repurchase and retire some common stock at book value. Given the data shown below, by how much would this recapitalization change the firm’s cost of equity? […]
The following is taken from Ronda Co.’s internal records of its factory with two production departments. The cost driver for indirect labor and supplies is direct labor costs, and the cost driver for the remaining overhead items is number of hours of machine use. Direct LaborMachine Use HoursDepartment 1 $18,800 2,000 Department 2 13,200 1,200 Totals $32,000 3,200 Factory overhead costs Rent and utilities $12,200 Indirect labor 5,400 General […]
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