Loughry catering uses two measures of activity, jobs and meals, in the cost formulas in its budgets and performance reports. the cost formula for catering supplies is $530 per month plus $114 per job plus $16 per meal. a typical job involves serving a number of meals to guests at a corporate function or at a host's home. the company expected its activity in october to be 25 jobs and 234 meals, but the actual activity was 20 jobs and 233 meals. the actual cost for catering supplies in october was $6,600. the catering supplies in the flexible budget for october would be closest to:

The market yield on spice grills' bonds is 15%, and the firm's marginal tax rate is 33%. what is their shareholders' required return if the equity risk premium is 4%?

Problem 9-5. net present value and taxes [lo 1, 2] penguin productions is evaluating a film project. the president of penguin estimates that the film will cost $20,000,000 to produce. in its first year, the film is expected to generate $16,500,000 in net revenue, after which the film will be released to video. video is expected to generate $10,000,000 in net revenue in its first year, $2,500,000 in its second year, and $1,000,000 in its third year. for tax purposes, amortization of the cost of the film will be $12,000,000 in year 1 and $8,000,000 in year 2. the company’s tax rate is 35 percent, and the company requires a 12 percent rate of return on its films. required what is the net present value of the film project? to simplify, assume that all outlays to produce the film occur at time 0. should the company produce the film?

Suppose that in an economy the structural unemployment rate is 2.2 percent, the natural unemployment rate is 5.3 percent, and the cyclical unemployment rate is 2 percent. the frictional unemployment rate is percent and the actual unemployment rate (in this economy) is percent.