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sdas [7]
3 years ago
14

Equipment maintenance costs for manufacturing explosion-proof pressure switches are projected to be $125,000 in year 1 and incre

ase by 4% each year through year 5. What is the equivalent uniform annual worth of the maintenance costs at an interest rate of 10% per year, compounded semiannually
Business
1 answer:
Inessa05 [86]3 years ago
5 0

Answer:

The equivalent uniform annual worth of the maintenance costs at an interest rate of 10% per year, compounded semiannually is $127,432

Explanation:

In order to calculate the equivalent uniform annual worth of the maintenance costs at an interest rate of 10% per year, compounded semiannually we would have to calculate the following formula:

equivalent uniform annual worth of the maintenance costs= P(i(1+i)∧n/(1+i)∧n-1

The rate of interest i would be as follows:

rate of interest i=(1+10%/2)-1

rate of interest i=0.1025*100

rate of interest i=10.25%

The present value P would be calculated as follows:

present value P=$125,000(1-(1+1/100)∧5 (1+10.25/100)∧-5/(10.25/100-1/100)

present value P=$125,000*3.84

present value P=$480,000

Therefore,

equivalent uniform annual worth of the maintenance costs=$480,000*(10.25/100 (1+10.25/100)∧5/(1+10.25/100)∧5-1)

equivalent uniform annual worth of the maintenance costs=$480,000*0.2654

equivalent uniform annual worth of the maintenance costs=$127,432

The equivalent uniform annual worth of the maintenance costs at an interest rate of 10% per year, compounded semiannually is $127,432

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On July 4, Cullumber's Restaurant accepts a Visa card for a $1,350 dinner bill. Visa charges a 2% service fee. Prepare the entry
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Answer:

Journal entry

Explanation:

The journal entry is as follows

Cash      $1,323

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(Being the cash is recorded)

for recording this transaction we debited the cash and expenses as it increase both balances while at the same time the sales revenue is also increased so it is credited

3 0
3 years ago
Assume that a parent company acquired 80% of the outstanding voting common stock of a subsidiary on January 1, 2012. On the acqu
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Answer:

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Explanation:

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3 years ago
Discuss why it is important for company managers to understand and use social capital knowledge to help build social ""ties"" am
s2008m [1.1K]

Explanation:

Social capital can be defined as the integration of the company with people in its internal and external environment. It constitutes the network of relationships of an organization.

Therefore, it is correct to say that a company's social capital is extremely important for business success. It is necessary for managers to cultivate and encourage an organizational culture aimed at creating positive relationships and integration among employees. In addition to building an organizational climate more favorable to well-being and productivity, creating connections between company employees helps to increase motivation, creativity and innovation, which in fact contributes to a company being successful and positioned in the market .

For this, it is necessary for leaders to assume an ethical and respectful posture for their employees, in addition to expressing interest in the personal and professional history of their teammates, kindness and gratitude for the collaboration of employees. These small attitudes of the leader can help the company to invest in social capital and guarantee several essential benefits

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3 years ago
A landowner owned a large piece of property containing an inn and a bakery. She entered into a contract to sell the property to
pickupchik [31]

Answer:

The most likely result at trial is that the landowner's claim for specific performance will be successful, and she will be awarded the entire price of contract.

Explanation:

When there isn't a statute, the buyer bears the risk of loss when property subject to a contract for sale is destroyed without fault of any party prior to the date specified for closing. Unless the contract specifies otherwise, the buyer must pay the contract price even if the property is damaged by fire.

The inn was burned down in this case after the landowner and the buyer signed a contract for the sale of the property, but before the closing date. The contract appears to be silent on the risk of loss, and no appropriate statute exists. As a result of the common law rule, the buyer bears the risk of loss. Therefore, the landowner has the right to particular execution of the contract, which implies that the entire stipulated contract price must be paid by the buyer.

Regardless of the property's drop in worth owing to the fire, the $1 million contract price must be paid by the buyer because he bears the risk of loss.

Therefore, the most likely result at trial is that the landowner's claim for specific performance will be successful, and she will be awarded the entire price of contract.

6 0
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Answer:

50 Months

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5 0
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