Able Plastics, an injection-molding firm, has negotiated a contract with a national chain of department stores. Plastic
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Able Plastics, an injection-molding firm, has negotiated a contract with a national chain of department stores. Plastic pencil boxes are to be produced for a 2-year period. Able Plastics has never produced the item before and, therefore, requires all new dies. If the firm invests $67,000 for special removal equipment to unload the completed pencil boxes from' the molding machine, one machine operator can be eliminated. This would save $26,000 per year. The removal equipment has no salvage value and is not expected to be used after the 2-year production contract is completed. The equipment, although useless, would be serviceable for about 15 years. You have been asked to do a payback period analysis on whether to purchase the special removal equipment. What is the payback period? Should Able Plastics buy the removal equipment?
Salvage ValueSalvage value is the estimated book value of an asset after depreciation is complete, based on what a company expects to receive in exchange for the asset at the end of its useful life. As such, an asset’s estimated salvage value is an important... Payback Period
Payback period method is a traditional method/ approach of capital budgeting. It is the simple and widely used quantitative method of Investment evaluation. Payback period is typically used to evaluate projects or investments before undergoing them,...
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