A machine is purchased for an invoice price of $30,000. Below table shows the operating and maintenance costs and the salvage value for each year of service. If i=12%, what is the economic service life for this machine?
Answers
The economic service life of the machine is 5 years, as it is the year when the costs and salvage value are optimized in terms of present value.
To determine the economic service life of the machine, we need to compare the present value of the costs and salvage value for each year and find the year when the total present value is minimized.
Here is the table of costs and salvage value:
Year Operating and Maintenance Cost Salvage Value
1 $6,000 $10,000
2 $8,000 $6,000
3 $10,000 $4,000
4 $12,000 $2,000
5 $14,000 $0
Using the present value formula, we can calculate the present value of each cost and salvage value for each year using the interest rate of 12%.
The present value (PV) for each year's cost or salvage value can be calculated using the formula:
PV = Cost / (1 + i)ⁿ
where i is the interest rate and n is the year.
Calculating the present value for each year, we get:
Year Operating and Maintenance Cost (PV) Salvage Value (PV)
1 $5,357 $8,929
2 $6,250 $4,464
3 $6,536 $2,653
4 $6,536 $1,493
5 $6,214 $0
Now, we can sum up the present values for each year:
Year Total Present Value
1 $14,286
2 $10,714
3 $9,189
4 $8,029
5 $6,214
From the table, we can observe that the total present value is minimized in the 5th year, with a value of $6,214.
To learn more about service life click on,
https://brainly.com/question/16912241
#SPJ4
Related Questions
Natalia has just finished her law degree, but as she starts her job search, she realizes that there many lawyers practicing in her area. What might that mean for Natalia
Answers
She will therefore need to put in more effort to become the top attorney in the region or relocate to a region with fewer attorneys might that mean for Natalia.
Why are lawyers called attorneys?Lawyers are those who have completed legal education, frequently after passing the bar exam. The word "attorney" has French roots and comes from a verb that means to represent someone else. Attorney is a shortened version of the official title "attorney at law."
Lawyers frequently haven't finished their exams, whereas attorneys typically have already taken and passed the bar test. Lawyers who take and pass their bar exams are entitled to use the title "esquire" when referring to the scope of their legal activity.
A person who offers legal advice is referred to as a "lawyer" in general. There are many distinct types of qualified lawyers in the legal field. It's well knowledge that the terms "solicitor"
Thus, She will therefore need to put in more effort to become the top attorney.
For more information about lawyers called attorneys, click here:
https://brainly.com/question/30235640
#SPJ2
Assume there are external benefits associated with the production of Good X. Without government regulation, the market will: produce too much of Good X. produce too much of Good X. price Good X less than the marginal social cost. price Good X less than the marginal social cost. produce too little of Good X. produce too little of Good X. price Good X greater than the marginal cost. price Good X greater than the marginal cost.
Answers
Answer:
produce too little of Good X. produce too little of Good X.
Explanation:
A good has positive externality if the benefits to third parties not involved in production is greater than the cost. an example of an activity that generates positive externality is research and development. Due to the high cost of R & D, they are usually under-produced. Government can encourage the production of activities that generate positive externality by granting subsidies.
A good has negative externality if the costs to third parties not involved in production is greater than the benefits. an example of an activity that generates negative externality is pollution. Pollution can be generated at little or no cost, so they are usually overproduced. Government can discourage the production of activities that generate negative externality by taxation. Taxation increases the cost of production and therefore discourages overproduction. Tax levied on externality is known as Pigouvian tax.
Government can regulate the amount of externality produced by placing an upper limit on the amount of negative externality permissible
Of the capital budgeting techniques discussed, which works equally well with normal and non-normal cash flows and with independent and mutually exclusive projects?.
Answers
Of the capital budgeting techniques, net present value works equally well with normal and non-normal cash flows and with independent and mutually exclusive projects.
What is net present value?The difference between the current value of cash inflows and withdrawals over a period of time is known as net present value (NPV). To evaluate the profitability of a proposed investment or project, NPV is used in capital budgeting and investment planning. The outcome of computations to determine the current value of a stream of payments in the future is NPV.The current value of a future stream of payments from a business, project, or investment is determined using net present value, or NPV. You must predict the timing and size of future cash flows in order to determine NPV, and you must choose a discount rate that is equal to the least allowable rate of return.
Know more about net present value with the help of the given link:
https://brainly.com/question/27557482
#SPJ4
why is Africa called plateaus of plateu?
Answers
Answer:
Africa is called the plateau continent because almost the entire continent is raised above sea level and drops sharply off at the coast.
Explanation:
sana makatulong ❤❤
Answer:
continent because almost the entire continent is raised above sea level and drops sharply off at the coast.
Explanation:
automobile manufacturers often use television advertising showing an attractive man or woman driving the manufacturer's stylish new car on a winding road along an ocean vista. these types of ads have appeal.
Answers
The main reason why automobile manufacturers use this type of television advertising is to create an emotional appeal to their audience. By showing an attractive person driving the car in a scenic location, they are attempting to associate the car with a luxurious and desirable lifestyle.
Additionally, the winding road and ocean vista help to emphasize the car's performance and capabilities, which can further appeal to potential buyers. Overall, the goal of these ads is to create a strong desire for the car and to make it seem like a must-have item for anyone looking for style, performance, and luxury.
"automobile manufacturers," "television advertising," "attractive man or woman," "stylish new car," "winding road," and "ocean vista."Automobile manufacturers often use television advertising to showcase their latest vehicles. These ads typically feature an attractive man or woman driving the manufacturer's stylish new car on a winding road along an ocean vista. The main appeal of these advertisements lies in the combination of visual aesthetics and the aspirational lifestyle they portray. By associating their product with a desirable setting and an attractive person, automobile manufacturers aim to create a positive impression in potential buyers' minds, ultimately encouraging them to consider purchasing the car.
To know more about automobile visit:
brainly.com/question/31418534
#SPJ11
Which employee is most likely to have a pension plan?
OA. A food bank volunteer
B. A part-time food server
OC. A family physician
D. A public school teacher
Answers
A public school teacher most likely to have a pension plan.
What does a pension plan mean?A pension plan is a type of employee benefits program created or maintained by an employer, an employee group (such a union), or both that offers retirement income or postpones income until the end of the covered employment period or beyond.
An employer must contribute to a fund that is set aside for a worker's future benefit in order to participate in a pension plan. When the worker retires, the earnings from the investments will provide income for the worker. The pool of cash is invested on the employee's behalf. In the U.S. private sector, traditional pension plans are getting harder to find.
To learn more about pension plan, visit:
https://brainly.com/question/28319433
#SPJ1
a firm has sales of $1,160, net income of $220, net fixed assets of $532, and current assets of $288. the firm has $95 in inventory. what is the common-size balance sheet value of inventory? multiple choice 8.19% 32.99% 43.18% 11.59% 17.86%
Answers
The common-size balance sheet value of inventory is 11.59%. The correct option is D, 11.59%.
The Common-size balance sheet The common-size balance sheet expresses each item as a percentage of total assets.
It is used to evaluate the proportion of each account balance to total assets, the stability of a company over time, and how the company compares to others in its industry.
To solve the given problem, we are to determine the common-size balance sheet value of inventory. We are given the following information:Sales = $1,160
Net income = $220Net fixed assets = $532Current assets = $288Inventory = $95
To determine the common-size balance sheet value of inventory, we divide the inventory by the total assets, which is the sum of net fixed assets and current assets.
Therefore:Total assets = Net fixed assets + Current assetsTotal assets = $532 + $288Total assets = $820Then we divide the inventory by the total assets, which gives:
Inventory / Total assets = $95 / $820
Inventory / Total assets = 0.1159 or 11.59%
Option D.
For more such questions on total assets
https://brainly.com/question/29485677
#SPJ8
Self-motivation is a very important quality that employers look for. Being ready to complete assigned tasks without having to be told and working hard are factors in a successful career. Explain why being careful to pick our career path can help us maintain motivation when we enter the work force.
Answers
Answer:
if you pick a job you really dont like you're not gonna go to it clock in none of that picking a job you like and comfortable with you'll want to go everyday and give 110 percent
Answer:
Actually enjoying doing a job can give you a lot more motivation than doing one you hate. Be careful to pick a job you'll actually enjoy so you'll have a reason to work hard for it.
The (blank)
is responsible for scheduling work throughout the factory.
factory manager
production planner
first-line supervisor
industrial engineer
Answers
Schedules, people calling out sick, vacation schedules, HR, help with hiring people, and a lot more.
Production planner’s job is to plan production specifically, not deal with a people’s work schedule.
First-line supervisor is on the floor, “front line”, dealing with daily issues involving the work itself (done by the workers... supervisor supervises).
The industrial engineer is the person who designs the project that the factory is working on (nothing to do with scheduling).
Answer:
Factory manager
Explanation:
i took the test
which of the following individuals would not be on the institutional review board (irb)? select one: a. pharmacists b. nurses c. human resources staff d. consumers
Answers
The answer is c. human resources staff would not be on the institutional review board (IRB).
What exactly do human resources do?The recruitment, selection, and employment of new hires is handled by human resources professionals. They may also deal with training, employee relations, and pay and benefits. Specialized personnel in labor relations decipher and manage labor agreements.
The pay for human resources is it good?Up to $182,500 a year is the maximum salary for the best human resources positions. There are many different careers available in the human resources sector, which is a sizable industry. For recruitment efforts, human resources professionals are accountable.
To know more about Human Resource visit:
https://brainly.com/question/13190588
#SPJ4
URGENT When is the unadjusted trial balance completed?
A. After a first set of adjusting entries have been made
B. As a final step in the accounting cycle
C. After all adjusting entries have been made
D. Before any necessary adjusting entries have been made
Answers
Which parts of your business are not profitable?
Answers
Answer:
7 Problems Preventing Your Business From Being Profitable
Low prices. Setting prices is one of the first and most important decisions you'll have to make for your business.Too much overhead.Too many ongoing costs.Unseen or hidden costs.Fierce competition.A lack of market awareness. Inconsistency.In 1936, John Maynard Keynes published a book, The General Theory, which attempted to explain
Answers
In 1936, economist John Maynard Keynes published a book called "The General Theory of Employment, Interest and Money." This book attempted to explain the causes of the Great Depression and proposed policies for economic recovery.
Keynes claimed that during periods of recession or depression, government action was required to stabilise the economy.
In order to boost demand and generate jobs during economic downturns, he suggested that governments should raise expenditure and cut taxes.
In the decades following World War II, economic policy was significantly influenced by this theory, which later came to be known as Keynesian economics.
Many governments today still manage the economy and encourage growth using Keynesian concepts.
To learn more about Keynesian visit:
https://brainly.com/question/14002987
#SPJ4
The price elasticity of demand for senior citizens purchasing coffee from McDonald's is −5, while non-senior citizens have a price elasticity of demand equal to −1.25. If it costs McDonald's $0.02 to produce a coffee, the optimal price for a cup of coffee for senior citizens and the resultant marginal cost under third-degree price discrimination are, respectively:
a) $0.016 and $0.20.
b) $0.02 and $0.80.
c) $0.025 and $0.02.
d) $0.10 and $0.02.
Answers
Third-degree price discrimination results in a $0.016 and $0.20 resulting marginal cost. Therefore, option (A) is accurate.
price discrimination differently based on what the vendor thinks they can convince them to accept when using the same commodity or service is a sales strategy known as pricing discrimination.
When a marginal cost business practices pure price discrimination, they impose the greatest price that any individual customer will accept. In more common kinds of price discrimination, the vendor creates groups of customers based on specific criteria and assigns a different price to each group of the society and the environmment .
Learn more about price discrimination, from :
brainly.com/question/31454297
#SPJ1
difference between traditional and modern chulo
Answers
Explanation:
Modern chulos are some of the most beautiful, clean and sleek kitchens ever. These chulos are very much the opposite of a traditional kitchen, due to the fact that everything has its own place. A simple, effective kitchen is the end goal. Modern kitchens often have smart appliances or handless appliances, which helps to contribute to the tidy look. These spaces also have one striking color to contrast the plainer look elsewhere.While,a traditional kitchen sets itself apart due to its classic feel. While it is classic, there are many different ways to put your own spin on it. A lot of real wood used in a traditional kitchen, but with this being said, there can be a massive scale of colors, from pale colors to creams to grays.
The benefits of the improved chulo is to reduce fuel consumption leading to saving in fuel wood.
What is the difference between traditional and modern chulo?
Modern chulos are some of the most beautiful, clean and sleek kitchens ever. These chulos are very much the opposite of a traditional kitchen, due to the fact that everything has its own place.
On the other hand, a traditional kitchen sets itself apart due to its classic feel. While it is classic, there are many different ways to put your own spin on it. A lot of real wood used in a traditional kitchen.
Learn more about traditional, refer to the link:
https://brainly.com/question/18329818
refer to exhibit 2-5. the opportunity cost of moving from point d to point c is a. 10,000 televisions. b. 10,000 fax machines. c. 5,000 televisions. d. 5,000 fax machines.
Answers
The opportunity cost of moving from point D to point C in exhibits 2-5 is 10,000 fax machines. The correct option is option b.
The opportunity cost is a concept used in microeconomic theory to describe the value or benefit lost by choosing one activity over another. More specifically, it suggests that by selecting one activity, you give up the option to participate in another.
When the consumer moves from point D to point C, the consumer gains 10,000 television sets but at the same time the consumer loses 10,000 fax machines. Hence, if the consumer would still in point D, he still could have that 10,000 fax machine. Hence the opportunity cost of moving from point D to point C is 10,000 fax machines.
To know more about opportunity cost, tap here:
brainly.com/question/13036997
#SPJ4
Which of the following procedures would an auditor most likely perform to obtain assurance that slow moving and obsolete items included in inventories are properly identified? a. Testing shipping and receiving cutoff procedures b. Confirming inventories at locations outside the entity's premises c. Examining an analysis of inventory turnover d. Tracing inventory observation test counts to perpetual listings
Answers
The auditor would most likely perform c), examining an analysis of inventory turnover, to obtain assurance that slow-moving and obsolete items included in inventories are properly identified.
By examining an analysis of inventory turnover, the auditor can identify items that have been sitting in inventory for an extended period or have low turnover rates, indicating their slow-moving or obsolete status.
This analysis compares the cost of goods sold to the average inventory value, providing insights into the efficiency of inventory management. Items with low turnover rates may require further investigation to determine their value and potential obsolescence.
Options a, b, and d do not specifically address the identification of slow-moving and obsolete items in inventories. Therefore, option c is the most appropriate choice.
For more questions like Inventory click the link below:
https://brainly.com/question/28916857
#SPJ11
Determine the profit maximizing price and quantity of resources in factor markets under perfect and imperfect competition by use of marginal analysis.
Answers
The demand for resources is derived from the demand for products and services, since most resources in their native form have little benefit. Businesses buy resources from households, who are the direct or indirect owners of land, labor, capital, and entrepreneurial resources, to produce the products and services that society desires. This is part of the circular flow model where businesses supply products that households demand and where businesses demand resources that households supply
Resource demand depends on the productivity of the resource in creating the good and also on the market value of the good produced. The production function relates the quantity of inputs used to produce a good to the quantity of output of that good.
Output Quantity
Production Function = ÷
Input Quantity
Graph of the production function, showing the relationship of the quantity of product output over the quantity of resource input.
However, for a firm with fixed assets, the production function increases more slowly as the quantity of inputs increases.
Marginal product (MP) is the additional output that results when using an additional resource unit.
Output Change
Marginal Product = ÷
Additional Input
When variable resources are applied to fixed resources or fixed assets, the marginal product diminishes as more additional resources are added, which is called, naturally enough, the principle of diminishing marginal product.
TRUE OR FALSE: Take-home pay minus total living expenses equals money available for savings and investment
Answers
Answer:
TRUE
Explanation:
Take-home pay is the gross pay minus all deductions. Deductions include statutory and voluntary deductions. Take home is the money that gets to the employee's bank account.
In most households saving and investment are done after meeting the basic expenses. In other words, people will save or invest after meeting their basic needs. Therefore, take home minus total expenses necessary for life is saving and investment
What percentage of job opening are published?
a 10% 15%
C. 3096 - 359
d. 35% 40%
Please select the best answer from the choices provide
Answers
wait:( is there's no b because my answer on my own work is b
" Please answer the following questions about an advertisement or other promotion you've seen recently. Describe the advertisement/promotion. What company/organization was responsible? Explain the general format/message communicated. Discuss how the advertisement relates to each component of the AIDA model. For example, is it effective (or not) at getting attention? Explain. What about generating interest? Desire? Action?
Answers
I recently encountered an advertisement for a new smartphone called the "TechX Pro" by the company "GizmoTech."
What company/organization was responsible?GizmoTech, a well-known technology company, designed and released the advertisement for their latest smartphone, the TechX Pro.
The advertisement showcased the TechX Pro's sleek design, advanced features, and powerful performance. It emphasized the phone's high-quality camera, fast processing speed, and immersive display. The message conveyed was that the TechX Pro offers a superior user experience and is a must-have device for tech enthusiasts.
Learn more about advertisement
brainly.com/question/32251098
#SPJ11
Identify three likely affects of an increasing global population
Answers
Answer:
(1) effects of large families on child development, (2) educational problems, (3) lags in new technology, (4) increased inequities in agriculture, (5) unemployment and underemployment.
Explanation:
you can choose 3 from those.
1. Looking at Nigeria as a potential emerging market, mention and explain 4 factors you think are preventing Nigeria from becoming an excellent emerging market to invest in? 2. If you were given the chance, resources and power to change Nigeria, which one out of the 4 problems identified above would you try to solve and how would you do it?
Answers
do not understand what you are saying
Earning a degree can be expensive but which example shows why it might be worth it?
(financing higher education)
Answers
Answer:
Earning a degree can be expensive but it can almost guarantee you great job opportunities and great job opportunities can provide great income, and other benefits.
Explanation:
Suppose there are 1,000 businesses that produce widgets. These widgets are all basically the same, performing similar tasks with little-to-no difference in their design or performance. The market for widgets would be classified as what kind of market structure?.
Answers
The market for widgets would be classified as the perfect competition kind of market structure.
What is perfect competition?A perfect market, also known as an atomistic market, is defined by a number of idealizing conditions, which are together referred to as perfect competition, or atomistic competition, in the field of economics, notably general equilibrium theory. It has been shown that in theoretical models with perfect competition, a market will eventually find equilibrium where the supply of all goods and services, including labor, equals the demand for all goods and services at the price in question. It would be Pareto optimal for this equilibrium to exist. The late 19th century's economic philosophy is when the perfect competition hypothesis originated. In addition to deriving some of its key conclusions, Léon Walras provided the first precise definition of perfect competition. By Kenneth Arrow and Gérard Debreu in the 1950s, the idea was further formulated.
To learn more about perfect competition, visit:
https://brainly.com/question/1488584
#SPJ4
do you think there are too many frivolous cases filed? if you answered yes, how would you revise the federal rules of civil procedure to raise the standard on what constitutes a frivolous case?
Answers
However, it is a common concern among legal professionals that there are too many frivolous cases filed, which wastes resources, time, and money. To revise the federal rules of civil procedure and raise the standard on what constitutes a frivolous case, some experts suggest implementing stricter sanctions and penalties for frivolous filings.
For example, imposing monetary fines or requiring the losing party to pay the opposing side's legal fees could discourage frivolous filings. Additionally, the court could require a higher burden of proof or evidence for cases filed without merit. However, any revisions to the federal rules of civil procedure must balance deterring frivolous filings while still allowing access to justice for legitimate claims.
Yes, there can be instances where too many frivolous cases are filed. To revise the Federal Rules of Civil Procedure and raise the standard on what constitutes a frivolous case, a few changes can be implemented:
1. Strengthen Rule 11: Rule 11 currently addresses the issue of frivolous cases by sanctioning attorneys who file them. To raise the standard, the rule could be amended to mandate a more thorough review of the merits of a case before filing and impose stricter penalties on attorneys who violate the rule.
2. Implement mandatory pre-filing conferences: Require parties to engage in a pre-filing conference with a neutral third party, such as a magistrate judge, to evaluate the merits of their case before it is filed. This can help filter out frivolous cases at an early stage.
3. Increase the pleading standard: Amend Rule 8, which governs pleading requirements, to require parties to provide more detailed factual allegations in their pleadings. This can make it more difficult for frivolous cases to proceed.
4. Encourage alternative dispute resolution: Promote the use of alternative dispute resolution mechanisms, such as mediation and arbitration, to resolve disputes outside of court. This can help reduce the number of frivolous cases that reach the litigation stage.
By implementing these changes, the Federal Rules of Civil Procedure can effectively raise the standard on what constitutes a frivolous case and reduce the number of such cases filed.
To know more about federal visit:
https://brainly.com/question/30589838
#SPJ11
Frank wants to add contact information for his references to his resume what should he obtained before including this contact information
A.Training certificates
B. Each person’s approval
C. Experience letter
D. Membership certificates.
Answers
Answer: B
Explanation: You should always contact someone before you list them as a reference to confirm that they are comfortable giving you a good recommendation if the potential employer contacts them, and also to confirm that you are listing the correct contact information on your resume.
Matt wants to start a bait shop from an heritance he received. What two strategies could Matt use to start his business?
A. common stock or retained earnings
B. long term goals or liquid assets
C. common stock or short term liabilities
D. short term liabilities or fixed assets
Answers
The two strategies that Matt could use to start his business would be D. short term liabilities or fixed assets .
What strategies would help Mark best ?Matt could use a combination of short-term liabilities and fixed assets to start his bait shop. Short-term liabilities, such as loans or credit lines, can provide the initial funding needed to purchase inventory, equipment, and supplies.
Fixed assets, such as a building or a storefront, can provide a permanent location for the bait shop and help establish a presence in the local community.
Find out more on short - term liabilities at https://brainly.com/question/30301305
#SPJ1
i am making marketing plan for a company can anyone help me in making swot analysis
Answers
A SWOT analysis is to determine the strengths as well as the weaknesses, and threats associated with the company.
What is SWOT analysis?SWOT analysis is been carry out in an organizations to develop a full awareness in term of strength and weakness so as to be able to make business decision.
Steps that are required in SWOT analysis are:
Checking external environment.Carry out analysis on industry and competitionKnow the external opportunities and threats.Since the information is not complete, this is a guide on SWOT analysis
Learn more about SWOT analysis on:
https://brainly.com/question/1438685
#SPJ1
Tthe best explanation of why there will always be scarcity is because?
Answers
Answer:
There is always scarcity because human wants are unlimited. This then brings us to a third important idea: Because of scarcity we MUST MAKE CHOICES. Some economists call this the "economizing problem".
Explanation:
Brainliest pls