A cherry processing facility in Northern Michigan processes both sweet and tart cherries for local growers. The facility needs to install a new cherry pitter. An analyst recently obtained the following estimates. Preliminary feasibility study (this year, year 0) $5,000 Purchase & install system (this year, year 0) $250,000 Annual operating costs (years 1-8) $15,000 in year 1, increasing by $3,000 each year Salvage value (year 8) $25,000 Other phase-out activities (year 8) $3,750 The cherry pitter would be used for eight years. The facility uses a before-tax MARR of 10% per year for these types of decisions. (Round to nearest dollar.) What is the capital recovery (CR) cost of the system? $[cr] What is the annual equivalent worth of the operating costs? $[aoc] What is the annual equivalent cost of this project? $[aec]

A manufacturer of suction pool skimmers is analyzing an investment project to reduce order delivery time. The general inflation rate over the life of the project is expected to be [fbar]%. The manufacturer’s market interest rate is [mir]%. What is the inflation-free interest rate that should be used in the analysis? (Answer as a percentage, to two decimal places.)

The manufacturing sector makes the largest contribution of any sector to the U.S. Gross Domestic Product (GDP).

The method used to determine the cost basis of an asset is the same for Book and Tax Depreciation.

QID [id]: Several professional societies claim to have programs that are very effective at teaching enrollees how to become Six Sigma Master Black Belts. Recent results for two societies are summarized below: Society MBB Graduates per Year Total Program Cost, $ ΑΣΘ  [xp] [xc] ΙΣΕ [yp] [yc] Calculate the incremental cost-effectiveness ratio. (Round answer to zero decimals.)

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Why did the Puritans in New England exile people such as Roger Williams, Thomas Hooker, and Anne Hutchinson?

Pierce directly owns 100% of three restaurants, named R1, R2, and R3. All three restaurants commenced operations in the current year. The legal structure and current-year operating results of the three restaurants are as follows:   Type of entity Taxable income (loss) Distributions to owner R1 C corporation $170,000 $30,000 R2 S corporation $125,000 $115,000 R3 LLC $(45,000) None Pierce has not filed an IRS Form 8832, Entity Classification Election, with respect to the LLC. What is the total amount of current-year corporate and individual income taxes imposed on the income earned and distributions made by the three businesses?  The corporate tax rate is 21%. The individual tax rate is 37% except for dividends which are taxed at 23.8%. Round to the nearest whole dollar amount and do not enter a dollar sign or a decimal point (e.g., enter 89, not $89.00).

 Holding checks for clients is recommended when they cannot pay for services the same day.

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