A machine costs $20,000 and has a 5-year useful life. At the end of the 5 years,
Question:
A machine costs $20,000 and has a 5-year useful life. At the end of the 5 years, it can be sold for $4000. If annual interest is 8%, compounded semiannually, what is the equivalent uniform annual cost of the machine? (An exact solution is expected.)
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (12 reviews)
First compute A A 20000 4000 AP 4 10 4000 004 16000 01233 160 ...View the full answer
Answered By
Muhammad Ahtsham Shabbir
I am a professional freelance writer with more than 7 years’ experience in academic writing. I have a Bachelor`s Degree in Commerce and Master's Degree in Computer Science. I can provide my services in various subjects.
I have professional excellent skills in Microsoft ® Office packages such as Microsoft ® Word, Microsoft ® Excel, and Microsoft ® PowerPoint. Moreover, I have excellent research skills and outstanding analytical and critical thinking skills; a combination that I apply in every paper I handle.
I am conversant with the various citation styles, among them; APA, MLA, Chicago, Havard, and AMA. I also strive to deliver the best to my clients and in a timely manner.My work is always 100% original. I honestly understand the concern of plagiarism and its consequences. As such, I ensure that I check the assignment for any plagiarism before submission.
4.80+
392+ Reviews
587+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
What is the value at the end of Year 3 of the following cash flow stream if the quoted interest rate is 10%, compoundedsemiannually? 3 Years 100 100 100
-
The actual cost of the work performed at the end of the third week for the project in Problem 4 is $16,500. Determine the cost performance index for the project. IN PROBLEM 4 A project consists of...
-
At the end of Year 1, Framber Company received $8,000 as a prepayment for renting a building to a tenant during Year 2. The company erroneously recorded the transaction by debiting Cash and crediting...
-
In Fig. P2.72 gate AB is circular. Find the moment of the hydrostatic force on this gate about axis A. Neglect atmospheric pressure.
-
Modify your cipher.html page from Exercise 15.15 so that it implements a rotating substitution cipher. [This should require only minimal changes to the code. After each character in the message has...
-
Recording and Reporting a Bad Debt Estimate Using Aging Analysis Casilda Company uses the aging approach to estimate bad debt expense. The balance of each account receivable is aged on the basis of...
-
Percentage Change in Exchange Rates. Why do percentage change calculations end up being rather confusing on occasion?
-
Sanford, Inc., has developed value-added standards for four activities: purchasing parts, receiving parts, moving parts, and setting up equipment. The activities, the activity drivers, the standard...
-
Kathy Knittle borrowed $20,000 from Bank to buy inventory to sell in her knit shop and signed a security agreement listing as collateral the entire present and future inventory in the shop, including...
-
A. Russell (birthdate February 2, 1967) and Linda (birthdate August 30, 1972) Long have brought you the following information regarding their income and expenses for the current year. Russell owns...
-
Linda 0' Shay deposited $30,000 in a savings account as a perpetual trust. She believes the account will earn 7% annual interest during the first 10 years and 5% interest thereafter. The trust is to...
-
The average age of engineering students at graduation is a little over 23 years. This means that the working career of most engineers is almost exactly 500 months. How much would an engineer need to...
-
Multiple Choice Questions 1. James Corporation owns 80 percent of Carl Corporations common stock. During October, Carl sold merchandise to James for $250,000. At December 31, 40 percent of this...
-
1. The current in a long solenoid of radius R = 5cm is decreasing uniformly at a rate of 2.5A/s. The solenoid has 200 turns/meter. What is the induced electric field as a function of r? 1b. What...
-
7. Draw the Gantt chart and calculate average waiting time for the following processes using round robin scheduling with time quantum-4. [The information of the processes are given in the image. Draw...
-
Show the proper long-term liabilities balance sheet presentation for the liability for bonds payable at December 31 2026. (Round answers to 0 decimal places, e.g. 125.) Total Liabilities Bonds...
-
We have a team project in this managerial economics course. The main goal of this project is to demonstrate a deep and nuanced understanding of managerial economics concepts, including their...
-
The equation of a line is given below. 3x-6y=-6 Find the slope and the y-intercept. Then use them to graph the line. slope: y-intercept: G
-
\(9 \times 10^{4}+8 \times 10^{3}+7 \times 10^{2}+3 \times 10^{1}+4 \times 10^{0}\) Express the expanded number as a Hindu-Arabic number.
-
C- Consider the following scenario:- A supermarket needs to develop the following software to encourage regular customers. For this, the customer needs to supply his/her residence address, telephone...
-
You are a group of managers in charge of food services for a large state university in the Midwest. Recently a survey of students, faculty, and staff was conducted to evaluate customer satisfaction...
-
Determine the expected maximum rainfall intensity in El Paso, Texas for the month of July using the estimated probabilitiesshown. Rainfall Rate, inches per hour 3 4 56 Probability 0.4 0.3 0.2 0.1
-
Beckman Electronics has performed an economic analysis of proposed service in a new region of the country. The three-estimate approach to sensitivity analysis has been applied. The optimistic and...
-
Multiple Choice Questions 1. In conducting a sensitivity analysis, all of the following could be used as a measure of worth except: (a) Present worth (b) Cost-capacity equations (c) Annual worth (d)...
-
Quality Chairs Inc. (QC) manufactures chairs for industrial use. Laura Winters, the Vice President for Marketing at QC, concluded from market analysis that sales were dwindling for QC's standard...
-
Futura Company purchases the 79,000 starters that it installs in its standard line of farm tractors from a supplier for the price of $10.00 per unit. Due to a reduction in output, the company now has...
-
Posting a Revenue Journal The revenue journal for Sapling Consulting Inc. follows. The accounts receivable controlling account has a July 1, 20Y2, balance of $880 consisting of an amount due from...
Study smarter with the SolutionInn App