Calculate the present worth of all costs for a newly acquired machine with an initial cost of
Question:
Calculate the present worth of all costs for a newly acquired machine with an initial cost of $29,000, no trade-in value, a life of 10 years, and an annual operating cost of $13,000 for the first 4 years, increasing by 10% per year thereafter. Use an interest rate of 10% per year.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (13 reviews)
P 29000 13000PA1...View the full answer
Answered By
Charles mwangi
I am a postgraduate in chemistry (Industrial chemistry with management),with writing experience for more than 3 years.I have specialized in content development,questions,term papers and assignments.Majoring in chemistry,information science,management,human resource management,accounting,business law,marketing,psychology,excl expert ,education and engineering.I have tutored in other different platforms where my DNA includes three key aspects i.e,quality papers,timely and free from any academic malpractices.I frequently engage clients in each and every step to ensure quality service delivery.This is to ensure sustainability of the tutoring aspects as well as the credibility of the platform.
4.30+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Calculate the present worth of a 4.5%, $5000 bond with interest paid semiannually. The bond matures in 10 years, and the investor desires to make 8% per year compounded quarterly on the investment.
-
Calculate the present worth of a 4.5%, $5000 bond with interest paid semiannually. The bond matures in 10 years, and the investor desires to make 8% per year compounded quarterly on the investment.
-
Calculate the present worth of a geometric gradient series with a cash flow of $35,000 in year 1 and increases of 5% each year through year 6. The interest rate is 10% per year.
-
Copper Products Limited leases property on which copper has been discovered. The lease provides for an immediate payment of $472,000 to the lessor before drilling has begun and an annual rental of...
-
Annie Rasmussen is the owner and operator of Go44, a motivational consulting business. At the end of its accounting period, December 31, 2018, Go44 has assets of $720,000 and liabilities of $180,000....
-
Longhorn Corporation provides low-cost food delivery services to senior citizens. At the end of the year, the company reports the following amounts: In addition, the company had common stock of...
-
Proportion of false positives.
-
Molly Grant is considering whether to install a drink machine at the gas station she owns. Molly is convinced that providing a drink machine at the station would increase customer convenience....
-
Sub-S corporations, limited liability partnerships, and limited liability limited partnerships are all entities. True False
-
Imagine that you are an investor on January 1, 2004, and using the historical data up to that date. Assume that the Global index cannot be included in your portfolio. a. Plot the efficient frontier...
-
United Fruits now offers volume discounts by the 10-kilogram (10-kilo) pack to small, as well as large, supermarket chains for organically grown in-season fruit shipped directly from the orchard....
-
Dakota Hi-C Steel signed a contract that will generate revenue of $210,000 now, $226,800 in year 1, and amounts increasing by 8% per year through year 5. Calculate the future worth of the contract at...
-
Travel-Tow, Inc., is a producer of small utility trailers. The company partners with suppliers Obj. 5 to help reduce inventory carrying costs. Raw material deliveries are made every two hours....
-
inverse function of f ( x ) = 9 - 8 e ^ x
-
Let = <3,2,-1) = < 1,3 -> W=
-
1. This is a group assignment, and the lecturer will create and finalize assignment groups in week 3/4. (4-5 members in each group). 2. Identify a problem (only one problem relating to OB) in an...
-
Fromthefollowinginformation, preparejournalentriestodistributetransportationexpenses(ontheaverage rate permilepermonthmethod)andstoresexpenses. Truckmileageduringthemonth:...
-
2 Staffing at the Optimal Utilization A large theme park is attempting to staff its check-in desks. Currently, the arrival rate is A = 364.5 customers per hour, and each server can check-in p=81...
-
Ten percent of the population is left-handed. What is the probability that, in a group of 10 people, at least two will be left-handed?
-
For the following exercises, find the inverse of the function and graph both the function and its inverse. f(x) = 4 x 2 , x 0
-
Plot the results on a graph similar to Figure 183 and comment on the relative sensitivity of each parameter. Sensitivity analysis graph of percent variation from the most likely estimate A new online...
-
Charlene plans to place an annual savings amount of A = $27,185 into a retirement program at the end of each year for 20 years starting next year. She expects to retire and start to draw a total of R...
-
Ned Thompson Labs performs tests on super alloys, titanium, aluminum, and most metals. Tests on metal composites that rely upon scanning electron microscope results can be subcontracted, or the labs...
-
BUS 280 Week 9 Assignment This week the assignment is about financial management. You will prepare a Cash Flow Statement for Clark's Sporting Goods and then you will calculate ratios for Sam's Paint...
-
Ayayai Restaurant's gross payroll for April is $46,800. The company deducted $2,551 for CPP$739 for Eland $9,026 for income taxes from the employeeschequesEmployees are paid monthly at the end of...
-
44. Dryer Companys policy is to keep 25% of the next month's sales in ending inventory. If Dryer meets its ending inventory policy at the end of April and sales are expected to be 24,000 units in May...
Study smarter with the SolutionInn App