Sheridan Corp. has an 8% required rate of return. It's considering a project that would provide annual cost savings of $40000 for 5 years. The most that Johnson would be willing to spend on this project is Present Value of 1 at 8% Year 1 2 3 4 5 0.926 0.857 0.794 0.735 0.681 PV of an Annuity of 1 at 8% 0.926 1.783 2.577 3.312 3.993 O $159720 $132480 $100728 O $27240 Sheridan Company is considering the replacement of a piece of equipment with a newer model. The following data has been collected: Old Equipment New Equipment Purchase price $152000 $256000 Accumulated 60800 -0- depreciation Annual operating 203000 178000 costs of the old equipment is replaced now, it can be sold for $41800. Both the old equipment's remaining useful life and the new equipment's useful life is 5 years. The company uses straight-line depreciation with a zero salvage value for all of its assets. The net advantage (disadvantage) (net effect on current year net income) of replacing the old equipment with the new equipment is (don't consider annual operating costs in the computation) $(51000) $60800 $41800 $19400) Sheffield Corp has gathered the following information concerning one model of shoe: Variable manufacturing costs Variable selling and administrative costs Fixed manufacturing costs Fixed selling and administrative costs Investment ROI Planned production and sales $46000 $34000 $160000 $120000 $1800000 30% 5000 pairs What is the markup percentage? Given below is an excerpt from a management performance report: Budget Actual Difference $550000 $540000 $10000 U Contribution margin Controllable fixed costs $150000 $160000 $10000 U The manager's overall performance O is equal to expectations. O is 5% above expectations. O is 5% below expectations. O cannot be determined from the information provided