Suppose executives at an art museum know that 100 adults are willing to pay $12 for admission to the museum on a given weekday.
1 answer:
The museum will earn $600 on a weekday.
<h3>What is an art museum?</h3>
- A structure or area designated for the exhibition of art, typically from the museum's own collection, is known as an art museum or gallery.
- It may be owned by the government or a private individual, and access may be open to everyone or subject to limitations.
- An executive manages operational activities for their company or organization and is typically in charge of developing policies and strategies to achieve organizational objectives.
- Executives frequently travel to conferences, meetings, and local, regional, national, and worldwide offices.
Adults willing to pay = 100 and their fees = $12.
Students are willing to pay = 200 and their fees = $8.
Operating cost of museum = $2,200.
To find the profit, do the following:
Therefore, the museum will earn $600 on a weekday.
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Answer:
1.
The annual net cost savings promised by the automated welding machine
Annual Costs savings in replacing 6 welders $108,000
Reduced Material costs $6,500
Total annual Costs savings = $114,500
Note there is a $3,000 annual maintenance cost that will then be taken off this savings amount to make up the Annual Net cash inflow of $111,500
2
A. The Net Present value is $72,227. Kindly refer to the attached document for the clear presentation
B. The project should be accepted because it delivers a positive NPV. Meaning the net benefit outweighs the cost of owning the new Assets.
3.
The Discounted net Cash flow for the 6 years (aside the initial outlay) is $402,227.
Annually this comes to $67,038.
The benefit the business gets in the switch to the automatic welders is approximately $67,038 annually.
