Please assist with completion.
DeVry University ACCT346 Weekly Assignment Week 7 Directions: Please show your work for full credit and use the boxes provided. Add more rows or columns to each box, if needed. 1. Gomez Corporation is considering two alternative investment proposals with the following data: Proposal X Proposal Y Investment in new equipment $850,000 $468,000 Useful life Estimated annual net cash inflows for 8 years Residual value of equipment Depreciation method Required rate of return 8 years 8 years $125,000 $78,000 $40,000 Straightline 14% $0 Straightline 10% 1a. How long is the payback period for Proposal X? 1b. What is the accounting rate of return for Proposal Y? 2. You have been awarded a scholarship that will pay you $500 per semester at the end of each of the next 8 semesters that you earn a GPA of 3.5 or better. You are a very serious student and you anticipate receiving the scholarship every semester. Using a discount rate of 3% per semester, which of the following is the correct calculation for determining the present value of the scholarship? PLEASE STATE WHY YOU CHOSE THE ANSWER THAT YOU DID. A) PV = $500 3% 8 B) PV = $500 (Annuity PV factor, i = 3%, n = 8) C) PV = $500 (Annuity FV factor, i = 6%, n = 4) D) PV = $1,000 (PV factor, i = 3%, n = 4) 3. Maersk Metal Stamping is analyzing a special investment project. The project will require the purchase of two machines for $30,000 and $8,000 (both machines are required). The total residual value at the end of the project is $1,500. The project will generate cash inflows of $11,000 per year over its 8year life. If Maersk requires a 6% return, what is the net present value (NPV) of this project? (Use present value tables or Excel.) 4. Hincapie Manufacturing is evaluating an investment in a new metal stamping machine costing $30,924. Hincapie estimates that it will realize $12,000 in annual cash inflows for each year of the machine's 3year useful life. Approximately, what is the the internal rate of return (IRR) for the investment? (Use present value tables or Excel.) DeVry University ACCT346 Weekly Assignment Week 6 Directions: Please show your work for full credit and use the answer boxes provided. Add more rows or columns to each answer box, if needed. 1. Cave Hardware's forecasted sales for April, May, June, and July are $200,000, $230,000, $190,000, and $240,000, respectively. Sales are 65% cash and 35% credit with all accounts receivable collected in the month following the sale. Cost of goods sold is 75% of sales and ending inventory is maintained at $60,000 plus 10% of the following month's cost of goods sold. All inventory purchases are paid 22% in the month of purchase and 78% in the following month. What are the total cash collections budgeted for June? 2. Madden Corporation manufactures Tshirts (its only product). The company's standards for manufacturing Tshirts are as follows: Standard direct labor cost per hour Standard direct labor hours per Tshirt $17 per hour 0.6 hours During the month of January, the company produced 1,250 Tshirts. Related production data for the month is as follows: Actual direct labor hours 770 hours Actual direct labor cost incurred $13,000 2a. What is the direct labor rate variance for the month? Is it favorable or unfavorable? 2b. What is the direct labor efficiency variance for the month? Is it favorable or unfavorable
