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svp [43]
3 years ago
11

Using the present value tables in Exhibits 26-3 and 26-4, If the plane’s cost is $306,840 and it can likely be sold in six years

for $100,000, what minimum annual savings in transportation costs is needed in order to make the plane a good investment? (Round Present value factor to 3 decimal places and your final answer to nearest whole dollar)
Business
1 answer:
Arisa [49]3 years ago
3 0

Answer:

The answer is $67807

Explanation:

we want to find minimal annual savings we will therefore use financial calculator. for figures we do not have ie: I/YR interest and PMT payment we will compute 0 for those figures. the explanation is below in an attachment

Download docx
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It would be .38 we multiply by the total miles (1000) and your answer will be 380. :)

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Answer:

Contribution margin per hour= $360

Explanation:

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3 years ago
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b.(1/2, 1/2)

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