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Trava [24]
4 years ago
9

Maintenance costs on a bridge are $5,000 every five years starting at the end of year 5. For analysis purposes, the bridge is as

sumed to have an infinite life. What is the Capitalized Equivalent (CE) cost of these infinite payments, assuming an annual interest rate of 10% compounded annually?
Business
1 answer:
MrRissso [65]4 years ago
6 0

Answer:

$8,189.87

Explanation:

The Capitalized Equivalent (CE) cost will be computed using the PV value of a perpetuity formula. Thus, for an amount (A) paid every 5 years, an annual interest rate of 10%, the CE cost will be

CE Cost = \frac{A}{r_{5} }

where r_{5} is the rate over a 5-year period.

The rate over a 5-year period is computed as follows:

(1+r)^{5} -1

=1.10^{5} -1

= 1.61051 - 1 = 0.61051 = 61.051%

Therefore, the CE Cost = \frac{5,000}{0.61051} = $8,189.87

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Create a channel for the business mission and the vision to accommodate the changes.

<h3>Why should the buisness mission accomodate the change?</h3>

When a change is made in a business environment or company, there is need to align the change with the mission.

The mission of the business is what the business wish to achieve and this cannot be successful is every process and change does not align with it.

Therefore, create a channel for the business mission and the vision to accommodate the changes.

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2 years ago
Haven Corporation issued $700,000 of 10-year bonds payable at par in 2014. During 2020 Haven paid $50,000 interest and an additi
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Answer:

Net cash used in financing activities $233,333

Cash disbursed for operating activities $50,000

Explanation:

Based on the information given we were told that the company paid interest amount of $50,000 which as well include an additional amount of $233,333 to retire 1/3 of the bonds at par, which Therefore means that the above activities would be reported in Haven's statement of cash flows for 2020 as: NET CASH USED IN FINANCING ACTIVITIES of the amount of $233,333 and CASH DISBURSED FOR OPERATING ACTIVITIES of the amount of $50,000.

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3 years ago
Callahan Company uses the weighted-average method in its process costing system. The Packaging Department started the month with
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Answer:

D. $2.30

Explanation:

The calculation of the cost per equivalent unit for direct material is given below:

= Total material cost ÷ Equivalent unit of materials

where,

Total material cost is $4,100

And, the equivalent unit of material is

= Units transferred out + ending work in process units

= 1,600 + 180

= 1,780

The units transferred out is come from

= Beginning units + started units - ending units

= 290 units + 1,490 units - 180 units

= 1,600 units

Therefore, the cost per equivalent for direct material is

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3 years ago
In an organization, the functional level is made up of ________, which provide specific and focused strategic direction.
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<h3 /><h3>Functional level</h3>

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Therefore, functional departments exist in a company so that each sector has the necessary focus on resources, units and people in order to generate greater compliance with the organizational strategy and objectives.

The correct answer is:

  • Departments

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An American firm operating in the Middle East has a tough time enforcing rules against sexual discrimination of Muslim women wor
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3 years ago
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