A firm purchased some equipment at a very favorable price of $30,000. The equipment resulted in an
Question:
A firm purchased some equipment at a very favorable price of $30,000. The equipment resulted in an annual net saving of $1000 per year during the 8 years it was used. At the end of 8 years, the equipment was sold for $40,000. Assuming interest at 8%, did the equipment purchase prove to be desirable?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (14 reviews)
EUAC 30000 AP 8 8 1000 40000 AF 8 8 30000 017...View the full answer
Answered By
Sumit kumar
I am an experienced online essay writer with a thorough understanding of any curriculum.and subject expert at Chegg for mathematics, CS subjects..
4.90+
5+ Reviews
13+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
9. Suppose the economy had been operating at its potential level of real GDP in the past, but consumer and investment spending have suddenly and substantially increased causing inflation. The...
-
Equipment priced at $42 000 was purchased on a contract requiring payments of $5000 at the beginning of every six months. If interest is 9% compounded quarterly, what is the size of the final payment?
-
A firm offers terms of 2/10, net 30 a-What effective annual interest rate does the firm earn when a customer does not take the discount? (Use 365 days a year. Do not round intermediate calculations....
-
For the circuit in Fig. 8.115, use PSpice to obtain v(t) for 0 6 2 H 24 V 3 04Fv
-
Define a function named Rotate that takes a string as input and returns a copy of that string in which all characters are rotated one position to the left. This means that the second character should...
-
A 2 m by 2 m flat plate solar collector for domestic hot water heating is shown schematically in the sketch. Solar radiation at a rate of 750 W/m2 is incident on the glass cover which transmits 90%...
-
If possible, subtract the following irrational numbers without using a calculator. If this is not possible, state why. \(3 \sqrt{7}-8 \sqrt{7}\)
-
Assume that the following events occurred at a division of Generic Electric for March of the current year. 1. Purchased $45 million in direct materials. 2. Incurred direct labor costs of $24 million....
-
Edelman Engines has $15 billion in total assets ?? of which cash and equivalents total $80 million. Its balance sheet shows $3 billion in current liabilities ?? of which the notes payable balance...
-
Since the Internet provides access to products around the world, your challenge involves some global shopping. This year you have been given a budget of $10,000 to furnish and decorate your...
-
The maintenance foreman of a plant in reviewing his records found that a large press had the following maintenance cost record: After consulting with a lubrication specialist, he changed the...
-
When he started work on his twenty-second birthday, D. B. Cooper decided to invest money each month with the objective of becoming a millionaire by the time he reaches age 65. If he expects his...
-
Take a moment to thank the voluntary PBS fundraisers. The British Broadcasting Corporation (BBC) is funded by something called the license fee, a tax of 145.50 ($245) per year on every household that...
-
The common law statutory presumption states that in the absence of clear words to the contrary, legislation does not abrogate fundamental rights. While this presumption is long standing and its...
-
Transform the given system into a single equation of second-order x = 5x1 + 2x2 x2 = -2x1 - 5x2. Then find x1 and x2 that also satisfy the initial conditions NOTE: Enter exact answers. x1(t) = x2(t)...
-
Tim identifies that the BTL share prices will decline in next month and he short-sell 200 BTL shares, which are currently trading at $210 per share. Calculates Tim's maximum possible loss and explain...
-
Decide, with proof, whether or not x(u, v) = (sinu, sin v, sin(u +v)), for u and vin (7/2, 7/2), is a simple surface. (b) (i) Using the definition or otherwise prove that M := {(x, y, 2) E R:2-2r+y...
-
Van Nuys Health System (VNHS) plans to construct a new building. The total cost of this capital project is $6,000,000. VNHS will finance the project with $3,000,000 from its equity and a 10 year term...
-
A DVD accelerates uniformly from rest to its operational speed of \(570 \mathrm{rpm}\) in \(3.50 \mathrm{~s}\). (a) What is the angular acceleration of the DVD during this time? (b) What is the...
-
San Carlos Bank and Trust Company uses a credit-scoring system to evaluate most consumer loans that amount to more than $2,500. The key factors used in its scoring system are found at the conclusion...
-
Few employers spend as much time cultivating their workforce as Procter & Gamble. The consumerproducts company expects to get 400,000 applications for entry-level management positions this year. It...
-
A company that is considering adding a new product line has determined that the first cost would be $80 million. The company is not sure about how the product will be received, so it has projected...
-
Dow Chemical is considering licensing a low liquid discharge (LLD) water treatment system from a small company that developed the process. Dow can purchase a 1-year option for $150,000 that will give...
-
Abby has just negotiated a $15,000 price on a 2-year-old car and is with the salesman closing the deal. There is a 1-year sales warranty with the purchase; however, an extended warranty is available...
-
Soru 4 L-1 e-5s (s - 36) *s) A hibiri =? u(t-5)*[((e^(30-6t))/72) + ((e^(6t-30))/72) - 1/36] Cu(t-5)*[((e^(25-t))/34) + (2*(e^(t-5))/27) - 7/3] BCD Du(t-5)*[((e^(3-4t))/6) + ((e^(2t-3))/12) - 1/6] E...
-
Question 14 Isn convergent or divergent? convergent divergent Question 15 Why is the series in the previous problem convergent or divergent? Upload Choose a File Question 16 en Is convergent or...
-
Tomatoes Graph A Tomatoes Graph B Graph C Tomatoes ALD Strawberries Strawberries Strawberries Carlos Vanya grows tomatoes and strawberries on his land. His land is equally suited for growing either...
Study smarter with the SolutionInn App