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ehidna [41]
3 years ago
5

Suppose Brian is in the market for a used textbook and the campus bookstore is having a sale. If the initial price of the used b

ook is $85 and the discounted price is $55 , what is the percentage change in the book price? Round your answer to two places after the decimal.
Business
1 answer:
pishuonlain [190]3 years ago
5 0

Answer:

35.29%

Explanation:

Data provided in the question:

Market price of the used book = $85

Discounted price = $55

Now,

The percentage change in the book price will be calculated as:

=\frac{\textup{Market price - Discounted price}}{\textup{Market price}}\times100

on substituting the respective values, we get

=\frac{85-55}{85}\times100

= 35.29%

Hence,

the percentage change in the book price is 35.29%

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The annual depreciation costs at that facility will rise by 10% or $1,440,000.

<h3>Annual depreciation costs</h3>

Life of the equipment = 10 Years

Salvage value = 0

Annual Depreciation= (Cost of equipment - Estimated salvage value) / Estimated useful life

Annual Depreciation= ($14.4 million- 0) / 10

Annual Depreciation= $1,440,000

or

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Annual Depreciation= 10%

Inconclusion the annual depreciation costs at that facility will rise by 10% or $1,440,000.

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2 years ago
Michigan Mattress Company is considering the purchase of land and the construction of a new plant. The land, which would be boug
swat32

Answer:

6 years

Explanation:

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Amount recovered in year 2 = $-600,000 + 100,000 = $-500,000

Cash inflow in year 3 =  $100,000 × 1.1 = 110,000

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Cash inflow in year 4= $121,000

Amount recovered in year 4 = $-390,000 + $121,000 = $-269,000

Cash inflow in year 5= $133,100

Amount recovered in year 5 = $-269,000 + $133,100 = $-135,900

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I hope my answer helps you

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3 years ago
In a lease contract, the party to whom the rights to use the asset are granted is called the:____.
lesya692 [45]

A lease is a contractual arrangement where one party, called the lessor, provides an asset for use by the other party, referred to as the lessee, based on periodic payments for an agreed period. The lessee pays the lessor for the usage of the asset or property

The landlord is the party to the lease who owns the property and leases it to the tenant as a rental property for temporary possession. For example, in a rental house, the landlord is the landlord and the tenant is the tenant.

A lessor is either an individual or a legal entity such as a company or organization. The lessor is always the owner of the property. For example, for a car, the lessor can be the owner or car dealer who rents the car. The lessee is always the person who uses the property temporarily

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Answer:

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