Solved

Use the Information for the Question(s)below

question 40

Multiple Choice

Use the information for the question(s) below.
The Sisyphean Corporation is considering investing in a new cane manufacturing machine that has an estimated life of three years.The cost of the machine is $30,000 and the machine will be depreciated straight line over its three-year life to a residual value of $0.
The cane manufacturing machine will result in sales of 2000 canes in year 1.Sales are estimated to grow by 10% per year each year through year three.The price per cane that Sisyphean will charge its customers is $18 each and is to remain constant.The canes have a manufacturing cost of $9 each.
Installation of the machine and the resulting increase in manufacturing capacity will require an increase in various net working capital accounts.It is estimated that the Sisyphean Corporation needs to hold 2% of its annual sales in cash,4% of its annual sales in accounts receivable,9% of its annual sales in inventory,and 5% of its annual sales in accounts payable.The firm is in the 21% tax bracket,and has a cost of capital of 10%.
-The required net working capital in the first year for the Sisyphean Corporation's project is closest to:

Recognize the role of religion and religious institutions during the French Revolution.

Grasp the significance of political scandals and how they influenced public perception and the revolution.

Understand the formation and function of political clubs and societies in revolutionary France.

Analyze the power dynamics between the monarchy and the National Assembly.

Definitions:

Algorithm

A step-by-step procedure or set of rules designed to perform a specific task or solve a particular problem.

Algorithm

A set of rules or steps designed to solve a problem or perform a task, often used in computing and mathematics.

Mechanical

Pertaining to or involving machinery or mechanical processes; also refers to being methodical or procedural in nature.

Repetitive Procedure

A method or operation that is carried out repeatedly to test the consistency and reliability of results.