Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Mar 07, 2024

Deluxe Motors owns a Bobcat skid steer, today it is currently worth $28,300. Looking to the future they believe it will go down in

image text in transcribed

Deluxe Motors owns a Bobcat skid steer, today it is currently worth $28,300. Looking to the future they believe it will go down in value by 10% every year. Their operating and maintenance costs for the skid steer will be $1,716 this year and they will increase by $500 every year. Use an interest rate of 9 %/yr. What is their marginal cost for year 3?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

To calculate the marginal cost for year 3 we need to consider the decrease in the value of the skid steer the operating and maintenance costs and the ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Contemporary Engineering Economics

Authors: Chan S. Park

5th edition

136118488, 978-8120342095, 8120342097, 978-0136118480

More Books

Students also viewed these Finance questions

Question

5. Answer the following questions using the diagram below. T-323 is sealed. LT-323 is measuring the interface level between two process liquids. Show your work. 84 URV 60 SG: 0.95 T-323 LRV 12" SG:...

Answered: 1 week ago

Question

Additional information: The expected return on Sigma shares is 11.5% with a standard deviation of 3.7%. Required: 3.1midon Calculate the expected return and standard deviation for Traders shares. (6)...

Answered: 1 week ago

Question

★★★★★

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

Answered: 1 week ago

Question

★★★★★

Calculate e y for the following values of y: (a) y = 1 (b) y = 5 (c) y = -.5 (d) y = -2.5 (e) y = 3.1 (f) y = - I (g) y = .05 (h) y = .32 (i) y = 6.1 (j) y = -5.4

Answered: 1 week ago

Question

★★★★★

Pettit Company reports net income of $90,000 in 2019. However, ending inventory was understated $7,000. What is the correct net income for 2019? What effect, if any, will this error have on total...

Answered: 1 week ago

Question

★★★★★

Pop Corporation owns 80 percent of Son Corporation, and properly included Son as a subsidiary in preparing consolidated financial statements for the year ended December 31, 2016. Pop issued the...

Answered: 1 week ago

Question

★★★★★

=+7. Are R rated movies as profitable as those rated PG-13? Heres scatterplot of USGross ($M) vs. Budget ($M) for PG-13 (green) and R (purple) rated movies 300 50 100 150 200 250 300 Budget ($M) 200...

Answered: 1 week ago

Question

★★★★★

The Virginia Department of Transportation is undertaking a construction project to widen a large section of interstate, highway near Washington, DC, which includes the construction of a number of new...

Answered: 1 week ago

Question

★★★★★

#5,6,7 struggling with these problems in my financial systems class. 1. You were promised to receive $6,000 five years from now. If you could negotiate to receive the payment now instead, how much...

Answered: 1 week ago

Question

★★★★★

The digital gaming evolution

Answered: 1 week ago

Question

★★★★★

The following table shows the daily receipts in millions of dollars of the movie "Avatar" for successive Fridays after its opening on Friday 18 December 2009. Weeks $Receipts 0 77.025 2 68.49 4...

Answered: 1 week ago

Question

★★★★★

6. A charge Q is at the centre of a tetrahedron. What is the electric flux through one face of the tetrahedron?

Answered: 1 week ago

Question

★★★★★

4. A cylinder with radius r = 0.75m and length 0.6 m has an infinite line of positive charge along its axis. The charge per unit length is 7 uC/m. (a) Calculate the electric flux through the surface...

Answered: 1 week ago

Question

★★★★★

A charge of 6 C is moved from a point, the potential at which is 120 V, to another point of potential V. If the energy required to do so is 250 Joule, calculate V.

Answered: 1 week ago

Question

★★★★★

The electric potential at a point due to a point charge' q' is 50 V and the electric field at the same point is

Answered: 1 week ago

Question

★★★★★

whatd I do wrong? Blossom, Inc. had the following equity investment portfolio at January 1, 2020. Evers Company 970 shares @ $16 each $15.520 Rogers Company 890 shares @ $19 each 16,910 Chance...

Answered: 1 week ago

Question

★★★★★

For the following exercises, write the polynomial function that models the given situation. Consider the same rectangle of the preceding problem. Squares of 2x by 2x units are cut out of each corner....

Answered: 1 week ago

Question

★★★★★

Compute the future worth of the cash flows with the different interest rates specified. The cash flows occur at the end of each year over four years $500 9% Interest compounded 9% Interest daily...

Answered: 1 week ago

Question

★★★★★

An industrial engineer proposed the purchase of RFID Fixed-Asset Tracking System for the company's warehouse and weave rooms. The engineer felt that the purchase would provide a better system of...

Answered: 1 week ago

Question

★★★★★

A firm relies on R&D to maintain profitability. The firm needs to determine the maximum amount to invest today (or invest in phase I) for its three-phased project. Phase I: Research. (Invest R{)...

Answered: 1 week ago

Question

★★★★★

The Consumer Price Index (based on a value of 100 in 1992) rose from 93.3 in 1990 to 113.5 in 2000. What was the (equivalent) annual rate of inflation in the decade of the 1990s?

Answered: 1 week ago

Question

★★★★★

According to Statistics Canada, undergraduate students paid an average of $4724 in tuition fees for the 2008/2009 academic year compared to fees of $1464 for the 1990/1991 year. During the same...

Answered: 1 week ago

Question

★★★★★

The following table shows the rates of total return in successive years from 2004 to 2008 for the Sprott Canadian Equity Fund and for the benchmark Toronto Stock Exchange S&P/TSX Composite Index. By...

Answered: 1 week ago

Previous Question Next Question