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Category > Accounting Posted 17 May 2017 My Price 5.00

Calculating a Bid Price

18.        Calculating a Bid Price    Dahlia Enterprises needs someone to supply it with 120,000 cartons of machine screws per year to support its manufacturing needs over the next five years, and you’ve decided to bid on the contract. It will cost you $870,000 to install the equipment necessary to start production; you’ll depreci- ate this cost straight-line to zero over the project’s life. You estimate that, in five years, this equipment can be salvaged for $70,000. Your fixed production costs will be $325,000 per year, and your variable production costs should be $10.30 per car- ton. You also need an initial investment in net working capital of $75,000. If your tax rate is 35 percent and you require a 12 percent return on your investment, what bid price should you submit?

Answers

Alpha Geek
(8)
Status NEW Posted 17 May 2017 12:05 PM My Price 5.00

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file 1495025339-Answer.docx preview (192 words )
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