4| Hook Industries is considering the replacement of one of its old drill presses. Three alternative replacement presses are under consideration. The relevant cash flows associated with each are shown in the following table. The firm’s weighted average cost of capital is 15%. Initial investment (CF0) $85,000 $60,000
Year (t) Cash inflows (CFt)
1 $18,000 $12,000
2 18,000 14,000
3 18,000 16,000
4 18,000 18,000
5 18,000 20,000
6 20,000 25,000
7 16,000 — 40,000
8 -15,000 — 50,000

Required
a. Calculate the net present value (NPV) and profitability index of each press.
b. Using NPV, evaluate the acceptability of each press. Assume: the presses are mutually exclusive

Asmartphone manufacturing company uses social media to achieve different business objectives. match each social media activity of the company to the objective it the company achieve.

Jack manufacturing company had beginning work in process inventory of $8,000. during the period, jack transferred $34,000 of raw materials to work in process. labor costs amounted to $41,000 and overhead amounted to $36,000. if the ending balance in work in process inventory was $12,000, what was the amount transferred to finished goods inventory?

Christopher kim, cfa, is a banker with batts brothers, an investment banking firm. kim follows the energy industry and has frequent contact with industry executives. kim is contacted by the ceo of a large oil and gas corporation who wants batts brothers to underwrite a secondary offering of the company's stock. the ceo offers kim the opportunity to fly on his private jet to his ranch in texas for an exotic game hunting expedition if kim's firm can complete the underwriting within 90 days. according to cfa institute standards of conduct, kim: a) may accept the offer as long as he discloses the offer to batts brothers. b) may not accept the offer because it is considered lavish entertainment. c) must obtain written consent from batts brothers before accepting the offer.