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shepuryov [24]
4 years ago
13

The management of Penfold Corporation is considering the purchase of a machine that would cost $440,000, would last for 7 years,

and would have no salvage value. The machine would reduce labor and other costs by $102,000 per year. The company requires a minimum pretax return of 16% on all investment projects. The net present value of the proposed project is closest to (Ignore income taxes.): Click here to view Exhibit 12B-1 and Exhibit 12B-2 to determine the appropriate discount factor(s) using the tables provided. Multiple Choice $(28,022) $96,949 $(79,196) $274,000
Business
1 answer:
AnnZ [28]4 years ago
3 0

Answer:

$(28,022)

Explanation:

The computation of the net present value is shown below:

Year Particulars Cost PV Annuity factor of $1 at 16% PV of cash flows

0 Initial machine Cost        ($440,000) 1.000 ($440,000.00)

1 - 7  Labor and other cost Saving $102,000 4.039  $411,978.00

Net Present value                                                     (28,022.00)

Refer to the PVIFA factor table

Since the net present value is negative so the project should not be accepted

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which retail executive supervises a group of buyers and is responsible for the merchandising activities of a related group of sa
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The retail executive who oversees a group of buyers and is responsible for the trading activities of the relevant sales department or division group is the General Merchandise Manager (GMM).

Retail is a commercial activity that involves selling goods or offering services directly to final consumers. Goods purchased from retail businesses will be used by consumers for personal consumption or for family and household purposes, not for resale.

Also known as retail business, retail acts as a marketing intermediary that connects major producers or large wholesalers with consumers who buy in small quantities or in units. After purchasing a number of goods from a larger group of businesses, the retailer or retailer will resell the goods by setting a certain additional price to make a profit.

You can learn more about Retail here brainly.com/question/28066195

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7 0
1 year ago
On january 1 of year 1, congo express airways issued $3,700,000 of 6% bonds that pay interest semiannually on january 1 and july
erastova [34]
<span>The amount of interest expense recognized by Congo Express Airways would be $199,334 after one year of being issued. This is calculated by finding 6% of the $3,700,000 which is $222,000. Then subtracting the amortized amount of $22,666 per annum, which was found by doubling the 6 month rate of $11,333. This gives you a total of $199,334.</span>
6 0
4 years ago
Assume that you have a three-year-old daughter and you have come to appreciate the power of saving and investing. Can you open u
aliya0001 [1]

Answer:

No.

You cannot open up and put money into a Roth IRA in your child's name.

Explanation:

The IRS allows that any child, regardless of age, can contribute to an IRA if they have earned income.  This means that only a child that has earned income can have an IRA opened for him or her.  As the child is still underage, the IRA must be set up as a custodial account by the parent or another adult. This implies that the child cannot operate the account during the period she is underage but can have money saved in the account from her earned income.

4 0
3 years ago
One of the workers in Henry's department submitted his two weeks' notice so Henry needs to hire a replacement. The HR department
cupoosta [38]

Answer:

procedure

Explanation:

According to my research on different human resource responsibilities, I can say that based on the information provided within the question there is a procedure that Henry must follow. Like described in the question a Procedure is a set of step by step instructions that must be followed accordingly in order to achieve a certain goal.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

3 0
3 years ago
ackson Co. needs to replenish its petty cash fund. Currently, it contains $11 in cash and receipts for supplies of $40 and deliv
ddd [48]

Answer:

Cash is credited for $89

Supplies Expense is debited for $40

Delivery Expense is debited for $49.

Explanation:

The journal entry is shown below:

Delivery expenses $49

Supplies expenses $49

          To Cash $89

(Being the replenish of the account is recorded)

While recording this journal entry we debited the delivery expenses, supplies expenses and credited the cash account so that the proper posting could be done

3 0
3 years ago
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