Use the Information for the Question(s)below

question 64

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 second year for the Sisyphean Corporation's project is closest to:

• A)$3960.
• B)$4360.
• C)$3190.
• D)$5940.

Understand the global impact and history of HIV/AIDS.

Recognize the role of climate change in the spread of diseases.

Identify the concept of pandemics and their global significance.

Grasp the social theories related to health behaviors and addiction.

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Definitions:

Das Kapital

A foundational theoretical text in communist philosophy, economics, and politics, written by Karl Marx, which critiques the economic systems of capitalism.

Adam Smith

A Scottish economist and philosopher known as the "father of economics" and the author of "The Wealth of Nations," which laid the foundation for classical economics.

Entrepreneur

A person who establishes, arranges, and manages one or more businesses, assuming higher-than-usual financial risks to achieve this.

"Invisible Hand"

A metaphor introduced by Adam Smith to describe how individual self-interest and competition can lead to social and economic benefits.