*activity*

a
b
c
d
e
f
g
h

*description*

order and deliver component a
order and deliver component b
record sales/purchases on spreadsheet
receive and check all components
manufacture stage 1
sub-assembly 1
manufacture stage 2
dispatch to customer

*preceded by*

-
-
-
a, b
d
d
e
f, g

*duration*

8
5
1
2
6
8
3
1

a. draw the network for the manufacturing process above and for each activity calculate:
(i) total float and (ii) free float
b. what is the minimum duration for the project?
c. identify the critical path.

Torino company has 1,300 shares of $50 par value, 6.0% cumulative and nonparticipating preferred stock and 13,000 shares of $10 par value common stock outstanding. the company paid total cash dividends of $3,500 in its first year of operation. the cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders is:

Adamson company manufactures four lines of garden tools. as a result of an activity analysis, the accounting department has identified eight activity cost pools. each of the product lines is produced in large batches, with the whole plant devoted to one product at a time. classify each of the following activities or costs as either unit-level, batch-level, product-level, or facility-level. activities (a) machining parts. (b) product design. (c) plant maintenance. (d) machine setup. (e) assembling parts. (f) purchasing raw materials. (g) property taxes. (h) painting.

Western electric has 32,000 shares of common stock outstanding at a price per share of $79 and a rate of return of 13.00 percent. the firm has 7,300 shares of 7.80 percent preferred stock outstanding at a price of $95.00 per share. the preferred stock has a par value of $100. the outstanding debt has a total face value of $404,000 and currently sells for 111 percent of face. the yield to maturity on the debt is 8.08 percent. what is the firm's weighted average cost of capital if the tax rate is 39 percent?