Maskara produces face masks. The unit selling price is $5. The company's costs for 2020, when it produced and sold 1,000 masks, were as follows: Production costs: Variable labor and materials $2 per unit Fixed factory overhead $5 per unit Selling and administrative expenses: Variable selling and admin $1 per unit Fixed selling and adm exp $5 per unit Question 11 10 Points Assuming that unit selling price, unit variable costs, and total fixed costs remain the same in 2021, how many masks must the company sell to break even? A 3,000 B 5,000 C 10,000 D 20,000BeyondMilk produces two non-dairy milk produ cls: soy and almond. The products are produced in large 1.mgallon batches using a highly automated process. Therefore. the company.r uses machine hours as its activity driver to assign overhead costs. Assume almond milk requires 3 machine hours per batch and soymilk requires 2 machinehours per batch. Suppose forjuly 232 batches of almond milk and 4:00 batches of soymilk were produced. and total manufacturing overhead Ilvas $181000. Question 12 Based on the information above. what is the predetermined overhead rate per machine hour? Further assume the following direct costs per batch: Almond mnk Sovmilk 5125 sun $110 Question 13 Assume that the pre-determined overhead rate is $100 per machine hour {this is NOT the right answer to question 1. but we don't want the right answer to Q2 to depend on that to Q1). what is the total cost per batch fur almond milk? Question 14 when there is only funding available to improve one step in a process: (3-9 It should be the step that, after improvement expenses, results in the highest contribution. It should always be the most expensive step. (9 It should always be the rst step, because quality should start at the beginning. It should always be the last step, because more valueuadded is scrapped there. Question 15 When process confon'nance quality is improved: ()9 Variable cost per good unit and number of good units produced for a given amount of inputs both decrease. Variable cost per good unit decreases and number of good units produced for a given amount of inputs increases. Variable cost per good unit and number of good units produced for a given amount of inputs both increase ([9 Variable cost per good unit increases and number of good units produced for a given amount of inputs decreases. Question 16 A product is produced in three steps, with the variable cost added at each step and the yield at each step as listed below: Variable Cost Added at This Step If the selling price is $56!. and there are enough materials and labor to start out to produce 1000 units at Step 1. what is the contribution at current quality levels? Assume units are inspected after each step and defective units are scrapped. [If your answer is not eiicactlglr any of the below answers. please choose the answer choice that is closest to your answer) Question 17 A product is produced in three steps, with the variable cost added at each step and the yield at each step as listed below: 0000 What is the variable cost per good unit? Qestion 18 Assume that Frank Inc. has nanced its assets with 25% debt and T5% equity. Its after-tax cost of debt is 3% and its cost of equity 10%. What is the company's weighted average cost of capital? Question 19 which of the following companies is most likely to have a negative beta: (:9 Treasury bills A nationwide chain of bankruptcy attorneys located in most major cities A grocery store chain ([9 A leading retailer who holds an anchor position in a large number of mail locations nationally G) A company that sells pharmaceuticals that a wide variety of patients need on a daily basis Question 20 Which of the statements below could be a plausible debt covenant to a corporate loan? (19 The rm should distribute its cash balance as dividends at the end of each year The rm should keep a ratio of liabilities to equity' below 2:1 The rm cannot raise additional funds from equity investors The rm should keep a current ratio of zero (9 All answers listed Question 21 You know that the return of Smooth Operator Inc. common shares is 0.6 times as sensitive to macroeconomic information as the return of the market. If the risk-free rate of return is 1.90 percent and market risk premium is 6.45 percent. what is Smooth Operator's cost of common equity capital? (39 None of the answers listed Below are summary financials for Mistral, a wind turbine maker. All numbers below are in millions. Reven ue ($) 15,000 3,000 Market value of equity (S) 100,000 Market value of debt (S) 20,000 Number of shares outstanding 2,000 Question 22 Based on the data above. what is Mistral's price-to-earnings (PIE) ratio? Question 23 10 Points Based on the data above, what is Mistral's enterprise value-to-EBITDA (EV/EBITDA) ratio? A 85 B 100 60 D 40Consider two assets, one consisting of a broad swath of large U.S. stocks (Asset A), and the other of a basket of blockchain-related stocks (Asset B). The correlation between the two assets is 0.45. The risk-free rate is 3.5%. Below is data on each asset's risk/return profile: Asset Return Standard Deviation A 12% 0.25 B 20% 0.60 Question 24 10 Points A prospective investor who already holds A asks you how much of their portfolio they should invest in B to optimize their portfolio's risk/return profile. Using the Sharpe ratio, what is the optimal percentage of the portfolio to invest in B (assuming you cannot short A or B)? A 12% B 32% C 19% 60%Question 25 10 Points Which of the following statements is false? When adjusting net income to measure free cash flow to equity.. A You add net borrowings B You add back depreciation You add capital expenditures D You adjust for changes in working capital