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dolphi86 [110]
3 years ago
7

A new manufacturing machine is expected to cost $289,000, have an eight-year life, and a $33,000 salvage value. The machine will

yield an annual incremental after-tax income of $34,000 after deducting the straight-line depreciation. Compute the payback period for the purchase.
Business
1 answer:
ziro4ka [17]3 years ago
7 0

Answer:

4.38 years

Explanation:

Data provided in the question:

Cost of the machine = $289,000

Useful life = 8 years

Salvage value = $33,000

Incremental income after deducting depreciation = $34,000

Now,

Annual depreciation = [ Cost - Salvage value ] ÷ Useful life

= [ $289,000 - $33,000 ] ÷ 8

= $32,000

Thus,

Net Annual cash flow = Incremental income + Annual depreciation

= $34,000 + $32,000

= $66,000

Therefore,

Payback period = Cost ÷ ( Net Annual cash flow )

= $289,000 ÷ $66,000

= 4.38 years

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Answer:

B2B (Business to business) and B2C (Business to consumer)

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The most preferred technique for determining how much life insurance coverage is needed for an individual is:
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31. In the United States, men most commonly have a longer life expectancy than women.
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Read 2 more answers
Zeto Bank requires its customers to provide their customer identification number, their respective passwords, and a one-time pas
olya-2409 [2.1K]

Answer:

the correct answer is "Mobile Banking".

Explanation:

Mobile banking is doing banking and related financial activities such as money deposits, withdrawals, bill payments, issuing standing orders, checking the balance amount and opening/closing accounts through the internet and the mobile devices.

Mobile banking is more popularized through the launch of new applications in the iOS and Android platforms.

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7 0
3 years ago
Jasper makes a $44,000, 90-day, 9% cash loan to Clayborn Company. Jasper's entry to record the collection of the note and intere
vovikov84 [41]

Jasper's entry to record the collection of the note and interest at maturity should be:

Debit     Cash Account 44,990

Credit    Interest Income $990

Credit    Notes Receivable $43,000

The amount collected is:

Cash collected

= $44,000 Amount lend + Interest Income

And

Interest Income

= Amount lend * Interest Percent * For the days / 360

= $44,000 * 9% * 90 / 360

= $990

Now putting the interest income value in the above equation, we have:

Cash collected

= $44,000 Amount lend + $990

= $44,990

So the cash is increase by $44,990 interest income increased is by $990 and the Note receivable is at amount issued which has been decreased by $44,000.

Learn more about Journal entry here: brainly.com/question/14972126

#SPJ1

3 0
2 years ago
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