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Day 1 2 3 4 5 6 7 8
Utilization 82.5 81.3 81.3 79.0 76.6 78.0 78.4 78.0
Day 9 10 11 12 13 14 15
Utilization 78.8 78.7 78.4 80.0 80.7 80.7 80.8
Part (a) What is the project manufacturing capacity utilization for Day 16 using a three day moving average? Part (b) What is the project manufacturing capacity utilization for Day 16 using a six day moving average? Part (c) Use the mean absolute deviation (MAD) and mean square error (TCO 3) Use the table “Food and Beverage Sales for Luigi’s Italian Restaurant” to answer the questions below. Food and Beverage Sales for Luigi’s Italian Restaurant ($000s) Month First Year Second Year January 218 237 February 212 215 March 209 223 April 251 174 May 256 174 June 216 135 July 131 142 August 137 145 September 99 110 October 117 117 November 137 151 December 213 208 Part (a) Calculate the regression line and forecast sales for February of Year 3. Part (b) Calculate the seasonal forecast of sales for February of Year 3. Part (c) Which forecast do you think is most accurate and why? (TCO 6) Davis Company is considering two capital investment proposals. Estimates regarding each project are provided below: Project A Project B
Initial Investment Annual Net Income Annual Cash Inflow Salvage Value Estimated Useful Life
$800,000 $50,000 $220,000 $0 5 years
$650,000 45,000 $200,000 $0 4 years
The company requires a 10% rate of return on all new investments. Part (a) Calculate the payback period for each project. Part (b) Calculate the net present value for each project. Part (c) Which project should Jackson Company accept and why?
(TCO 6) Top Growth Farms, a farming cooperative, is considering purchasing a tractor for $468,000. The machine has a 10-year life and an estimated salvage value of $32,000. Top Growth uses straight-line depreciation. Top Growth estimates that the annual cash flow will be $78,000. The required rate of return is 9%. Part (a) Calculate the payback period. Part (b) Calculate the net present value. Part (c) Calculate the accounting rate of return.