Famous Music is considering investing 5825.000 in private lesson studios that will have no residual value. The studios are expected to result in annual for the next ten years. Assuming that Famous Music uses a 12% hurdle rate, what is the net present value (NPV) of the studio investment? Is this a faw (Click the icon to view the present value of an annuity table) (Click the icon to view the present value table.) (Click the icon to view the future value of an annuity table.) (Click the icon to view the future value table.) (Round your answer to the nearest whole dollar. Use parentheses or a minus sign for a negative net present value.) The not present value of the studio investment is Since the NPVIS the studio investment Famous Music's minimum required rate of return. Therefore, the investment is rivate lesson studios that will have no residual value. The studios are expected to result in annual net cash inflows of 595,000 per year uses a 12% hurdle rate, what is the net present value (NPV) of the studio investment? Is this a favorable investment? nuity table.) (Click the icon to view the present value table.) uity table.) (Click the icon to view the future value table) parentheses or a minus sign for a negative net present value.) Famous Music's minimum required rate of return. Therefore, the investment is The manager ent team looked at the electric bill for its business and determined that the highest bill, S5,000, occurred in July when 3.0 occurred in February when 1.000 cars were washed. What was the fixed portion of the electric bill? (Round intermediary calculations to calculate your final answer. Do not use the "low" month, as it will result in an approximation of the cost.) A. 54,500 B. $3.500 OC 5500 O 0. 51,500 Electric bill for its business and determined that the highest bill55.000, occurred in July when 3,000 cars were washed and the lowest bill, S4,000. were washed. What was the fixed portion of the electric bill? (Round intermediary calculations to the nearest cent. Use the "high" data month to the "Tow" month, as it will result in an approximation of the cost.) Star Footwear Inc produces casual shoes that use a leather as the main raw material. The Standard quantity per unit of output (yards) Standard Price (SP) per yard Actual materials purchased in yards Actual cost of materials purchased Actual materials used in production (yards) Actual outputs in units 2.5 $8.5 15.000 $86,000 6,500 3,900 What is the materials quantity variance for leather for May? O A. $27.625 unfavorable O B. $72,250 unfavorable OC. $72,250 favorable OD. $27,625 favorable
