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shepuryov [24]
3 years ago
14

Responsible renters should plan on spending on rent a portion of their net individual or family income that is no greater than w

hat?
Business
1 answer:
Reptile [31]3 years ago
4 0
It has to be 30 percent

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A machine can be purchased for $202,000 and used for five years, yielding the following net incomes. In projecting net incomes,
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2.36 years

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Payback calculates the amount of time it takes to recover the amount invested in a project from it cumulative cash flows.

To derive cash flows from net income, depreciation expenses should be added to net income.

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Depreciation factor = 2 x (1/useful life) = 2 / 5 = 0.4

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Book value in year 2 = $202,000 - $80,800 = $121,200

Deprecation expense in year 2 = 0.4 x $121,200 = $48,480

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Deprecation expense in year 3 = 0.4 x $72,720 = $29,088

Book value in year 4 = $72,720 - $29,088 = $43,632

Deprecation expense in year 4 = $43,632 x 0.4 = $17,452.80

Book value in year 5 = $43,632 x 0.4 - $17,452.80 = $26,179.20

Deprecation expense in year 5 = $26,179.20 x 0.4 = $10,471.68

Cash flow in year 1 = $18,000 +  $80,800 = $98,800

Cash flow in year 2 = $25,000 + $48,480 = $73,480

Cash flow in year 3 = $53,000  + $29,088 = $82,088

Cash flow in year 4 = $58,000  + $17,452.80 = $75,452.80

Cash flow in year 5 = $108,000 + $10,471.68 = $118,471.68

Please check the attached image for how the payback period was calculated

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If Sara just reconciled her checking account, what did she do?
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