Hello, I am needing help on my Accounting Homework. Could you please provide me explanation and steps onto how you got these answer to these questions? Thank you.

Homework: Chapter 1 Homework Score: 0 of 8 pts ' 4 4 of 4 (3 complete) 7 3 p HW Score: 75%, 24 of 32 pts E1 -22B (similar to)' saouestionnerp i a Faced with rising pressure for a $16 per hour minimum wage rate, the farming industry is currently While the Fannhand itself may be in workable condition for up to ve years, assume that the farm exploring the possible use of robotics to replace some farm workers. The Fannhand is one such would view its implementation as a oneyear experiment. robot; its job is to thin out a eld of lettuce, removing the least promising buds of lettuce. By _ removing these weaker plants, the stronger lettuce plants have more room to grow. Assume the Requirement following facts; Perform a cost-benet analysis for the rst year of implementation to determine whether the 0 (Click the icon to view the information.) Farmhand would be a nanclally Viable Investment If the mInImum wage IS ralsed to $16 per hour. (Round your answers to the nearest whole dollar.) Expected Benets (Cost Savings): Wages Payroll taxes Total expected benets |:] Expected Costs: Machine cost Delivery cost Annual operating costs Total expected costs Net expected benet (cost) Choose from any list or enter any number in the input fields and then click Check Answer. All parts showing ClearAll CheckAnswer H 4 y 0 Cost and Benefit Information X One Farmhand would do the work of 25 farm workers. Each farm worker typically works 60 hours on the lettuce thinning process each year. . Each farm worker would earn $16 per hour plus 7.65% payroll tax. . The Farmhand is estimated to cost $8,500 plus $850 for delivery. . Annual costs of operating the Farmhand are expected to be $1,800. Print Done Net expected benefit (cost) Before entering amounts into the calculation table, we must rst determine the total wages that are expected to be saved with the implementation of the robot. Use the formula below to determine the total wages expected to be saved. Number of employees x Number of hours x Wage rate per hour = Total expected wages saved :xZIhours xl:l=: Enter any number in the edit fields and then click Check Answer. We also need to determine the amount of the payroll taxes expected to be saved. We must use the total expected wages saved calculated in the previous step multiplied by the payroll tax rate to determine the expected savings. (Round your answer to the nearest whole dollar.) Total expected wages saved x Payroll tax rate $ 11.550 x E % Total expected tax savings :|