FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Food Harvesting Cooporaton is considering purchaing a machine for $1,629.750. The machine is expected to generate a constant after:tax income of 502.025 per yeat for

image text in transcribed
Food Harvesting Cooporaton is considering purchaing a machine for \$1,629.750. The machine is expected to generate a constant after:tax income of 502.025 per yeat for t5 yeas. The firm will use straight-4ine (5L) depreciation for the new machine over to years with no residual value. What is the peyback period for the new machine? (Round your answet to two decimal places)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

blur-text-image

Step: 3

blur-text-image

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

Word Scramble For Auditors And Accounting Professionals Puzzle Book Vocabulary Brain Puzzle Adults And Teens

Word Scramble For Auditors And Accounting Professionals Puzzle Book Vocabulary Brain Puzzle Adults And Teens

Authors: Drew Dream

1st Edition

ISBN: B0B5KVD4CK, 979-8839167865

More Books

Students also viewed these Accounting questions

Question

★★★★★
a) What did the jury think about Hernandez's claim? b) Then why did the trial judge conclude that Hernandez was entitled to nothing? c) Why does a trial judge have the power to ignore a jury's...

Answered: 1 week ago

Question

★★★★★
What is the opportunity cost of investing in capital? Do you think a country can overinvest in capital? What is the opportunity cost of investing in human capital? Do you think a country can...

Answered: 1 week ago

Question

★★★★★
If your audience is unreceptive, advance your strongest arguments first.

Answered: 1 week ago

Question

★★★★★
Offhaus Manufacturing produces office supplies, but outsources the delivery of its products to third party carriers. Offhaus ships to 20 cities from its Dayton, Ohio, manufacturing facility and has...

Answered: 1 week ago

Question

★★★★★
Food Harvesting Cooporaton is considering purchaing a machine for \$1,629.750. The machine is expected to generate a constant after:tax income of 502.025 per yeat for t5 yeas. The firm will use...

Answered: 1 week ago

Question

★★★★★
consider a charged harmonic oscillator under a time independent electric field. The Hamiltonian of the system is H=((p^2)/2m)+(1/2)*m*(w^2)*(X^2)-q*e*X where q is the electric charge of the...

Answered: 1 week ago

Question

★★★★★
Problem 7-24 (Algo) Companywide and Segment Break-Even Analysis; Decision Making [LO7-4, LO7-5] Toxaway Company is a merchandiser that segments its business into two divisions-Commercial and...

Answered: 1 week ago

Question

★★★★★
Iron Hill began August with 65 units of iron inventory that cost $30 each. During August, the company completed the following inventory transactions: (Click the icon to view the transactions.) Read...

Answered: 1 week ago

Question

★★★★★
McGinn Company purchased 10% of RJ Company's common stock during 2019 for $100,000. The 10% investment in RJ had a $90,000 fair value at the end of 2019 and a $105,000 fair value at the end of 2020....

Answered: 1 week ago

Question

★★★★★
Konig Enterprises, Limited, owns and operates three restaurants in Vancouver, B.C. The company allocates its fixed administrative expenses to the three restaurants on the basis of sales dollars. Last...

Answered: 1 week ago

Question

★★★★★
Graded Homework Question 4 of 12 0.82/1 Vaughn Corporation had income from continuing operations of $10,653,500 in 2025. During 2025, it disposed of its restaurant division at an after-tax loss of...

Answered: 1 week ago

Question

★★★★★
Develop a persuasive topic and thesis Evaluate your listeners and tailor your speech to them

Answered: 1 week ago

Question

★★★★★
B Do you think user-generated content is more persuasive to people in their twenties than traditional advertisements? Do you think it is more persuasive to people in other age groups as well?

Answered: 1 week ago

Question

★★★★★
Persuasive Speaking Organizing Patterns in Persuasive Speaking?

Answered: 1 week ago

Previous QuestionNext Question