Quick computing currently sells 12 million computer chips each year at a price of $19 per chip. it is about to introduce a new chip, and it forecasts annual sales of 22 million of these improved chips at a price of $24 each. however, demand for the old chip will decrease, and sales of the old chip are expected to fall to 6 million per year. the old chips cost $10 each to manufacture, and the new ones will cost $14 each. what is the proper cash flow to use to evaluate the present value of the introduction of the new chip? (enter your answer in millions.)

Exercise 17-3 ecofabrics has budgeted overhead costs of $1,011,150. it has allocated overhead on a plantwide basis to its two products (wool and cotton) using direct labor hours which are estimated to be 481,500 for the current year. the company has decided to experiment with activity-based costing and has created two activity cost pools and related activity cost drivers. these two cost pools are cutting (cost driver is machine hours) and design (cost driver is number of setups). overhead allocated to the cutting cost pool is $385,200 and $625,950 is allocated to the design cost pool. additional information related to these pools is as follows. wool cotton total machine hours 107,000 107,000 214,000 number of setups 1,070 535 1,605 calculate the overhead rate using activity based costing. (round answers to 2 decimal places, e.g. 12.25.) overhead rates for activity-based costing cutting $ per machine hour design $ per setup

At the local level, the main role of ctsos is to encourage students to become urge them to programs and competitive events. 1. a.interns b.trainees c.members 2. a.participate b.train c.win

On october 1, eder fabrication borrowed $77 million and issued a nine-month, 8% promissory note. interest was payable at maturity. prepare the journal entry for the issuance of the note and the appropriate adjusting entry for the note at december 31, the end of the reporting period.