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spayn [35]
3 years ago
8

Jessica is investing in a capital equipment for her printing press. She wants to know how long it will take for her investment t

o be returned in the form of savings. The new equipment costs $600,000, and the maintenance costs of the new equipment will save her $120,000 per year. The payback period is _____.
Business
1 answer:
Dafna1 [17]3 years ago
4 0

Answer:

5 years

Explanation:

Data provided in the question;

Cost of the new equipment = $600,000

Savings on the maintenance cost per year = $120,000

Now,

The Payback period is given using the formula = \frac{\textup{Initial invested amount}}{\textup{Positive cash flow per year}}

also, the positive cash flow is the annual savings with new equipment

therefore,

The Payback period is given using the formula = \frac{\$\textup{600,000}}{\$\textup{120,000}}

or

The Payback period is given using the formula = 5 years

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Merger Co. has 10 employees, each of whom earns $1,700 per month and has been employed since January 1. FICA Social Security tax
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Answer:

Date            Description                                         Debit                    Credit

March, 31     Payroll Tax expense                       $‭2,320.5‬0

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                    FICA Medicare taxes                                                      $ 246.50

                    FUTA taxes                                                                      $ 102

                    SUTA taxes                                                                      $ 918

<u>Working </u>

FICA Social Security taxes = 1,700 * 10 * 6.2% = $‭1,054‬

FICA Medicare taxes = 1,700 * 10 * 1.45% = $‭246.5‬0

FUTA Taxes = 1,700 * 10 * 0.6% = $‭102‬

SUTA Taxes = 1,700 * 10 * 5.4% = $‭918‬

Payroll Tax expense = 1,054 + 246.50 + 102 + 918 = $‭2,320.5‬0

7 0
3 years ago
From the consumer’s perspective, the elements of an imc strategy can be viewed as being either.
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7 0
2 years ago
You purchased five August 13 futures contracts on soybeans at a price quote of 1056′6. Each contract is for 5,000 bushels with t
stira [4]

Answer:

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3 0
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Materials used by Jefferson Company in producing Division C's product are currently purchased from outside suppliers at a cost o
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