1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
fgiga [73]
3 years ago
9

A company is considering whether to purchase or lease a piece of equipment for an upcoming project. The cost to purchase is $10,

000 plus $100 per day to operate or $500 per day to lease (including operating costs). If the company anticipates using the equipment for a total of 20 days, they will be indifferent as to whether or lease or purchase it.a. Trueb. False
Business
1 answer:
marta [7]3 years ago
6 0

Answer:

If the company is going to use the machine for 20 days, it is cheaper to lease it.

Explanation:

Giving the following information:

The cost to purchase is $10,000 plus $100 per day to operate or $500 per day to lease

<u>First, we need to structure the total cost formula for each option:</u>

Purchase= 10,000 + 100x

x= number of days

Lease= 500x

x= number of days

<u>Now, we can determine the total cost for 20 days:</u>

Purchase= 10,000 + 100*20= $12,000

Lease= 500*20= $10,000

If the company is going to use the machine for 20 days, it is cheaper to lease it.

You might be interested in
To sum up international trade theory, we can say that the primary reason for trade is
muminat

Answer:

The primary reason for trade is for the economic development of a country.

Explanation:

Trade makes a significant and necessary contribution to the economy and the country's development particularly in underdeveloped countries. The rapid progress of underdeveloped countries in the Industrial field is due to their exports. In most countries, such would represent a significant share of their gross domestic product (GDP).

6 0
3 years ago
Regarding competitive strategies, advertising is used in which strategy.
Cerrena [4.2K]

Answer:

to attract customers

Explanation:

they are put on places where people are many and they can acces the advertisement easily

4 0
4 years ago
Read 2 more answers
What is a challenge to reporting to more than one manager in a matrix organization? What might be a benefit?What is a challenge
raketka [301]

Answer:

Matrixed organisations can be more efficient than conventional hierarchical organisations in maximising resource use and delivering job development at a faster rate. They could also be slightly frustrating, noisy and more effective if performed incorrectly.

Potential drawbacks in answering to several executives:

Specific Management goals

Diverse modes of service

Varying political strategies

Related Space Access

Specific timescales of their intentions

Potential benefits of answering to several executives:

Connection to a broader network

Chances to switch to other areas of the company improved

Project  development opportunities to develop organisational skills

Expanded capabilities for the company to see the larger picture

5 0
3 years ago
10. Describe two examples of equity investments.
Volgvan
<span> 1.A depositor in a bank or </span>credit union has only a few hundred dollars in deposits, he or she is indirectly an equity investor through the bank's stock portfolio. 2.<span>Investing in the </span>stock market<span> is a way of life in the United States</span> 
8 0
3 years ago
Read 2 more answers
Which type of monetary policies would the federal reserve most likely use when the economy is struggling?
Alik [6]

Answer: A. Expansionary policies

Explanation:

Just did it for APEX

6 0
3 years ago
Read 2 more answers
Other questions:
  • What is important to know about yourself when making a career choice?
    10·1 answer
  • The unemployment rate in an economy is 6 percent. The total population of the economy is 290 million, and the size of the civili
    15·1 answer
  • Plz, help ASAP!!!!
    7·1 answer
  • How do property rights benefit entrepreneurs?
    10·2 answers
  • If we had a situation of Diminishing Marginal Productivity, then this would be great news for the firm. Senior management loves
    14·1 answer
  • Assume you’ve got terrific credit: What would be your likely APR for purchases or balance transfers?
    7·1 answer
  • Bowie Glass purchased 17,000 shares of Lenz Framing common stock for $382,500 in 2016. When they created their December 31, 2016
    10·1 answer
  • Sheffield Corp. owns the following assets: Asset Cost Salvage Estimated Useful Life A $540000 $42000 10 years B 201000 23500 5 y
    6·1 answer
  • A company acquires a natural resource for and spends another on development of the site and for a nonmovable tangible asset inst
    14·1 answer
  • Southfield Company reached an agreement with its bank to transfer a piece of land with a historical cost of $500,000 and a fair
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!