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
Eduardwww [97]
3 years ago
7

Darcy Roofing is faced with a decision. The company relies very heavily on the use of its 60-foot extension lift for work on lar

ge homes and commercial properties. Last year, Darcy Roofing spent $60,000 refurbishing the lift. It has just determined that another $40,000 of repair work is required. Alternatively, it has found a newer used lift that is for sale for $170,000. The company estimates that both lifts would have useful lives of 6 years. The new lift is more efficient and thus would reduce operating expenses by about $20,000 per year. Darcy Roofing could also rent out the new lift for about $10,000 per year. The old lift is not suitable for rental. The old lift could currently be sold for $25,000 if the new lift is purchased.
Prepare an incremental analysis for the life of the machines showing whether the company should replace the equipment.
Business
1 answer:
Verdich [7]3 years ago
3 0

Answer:

Effect on income= $15,000 favorable

Explanation:

Giving the following information:

It has just determined that another $40,000 of repair work is required. Alternatively, it has found a newer used lift that is for sale for $170,000. The company estimates that both lifts would have useful lives of 6 years. The new lift is more efficient and thus would reduce operating expenses by about $20,000 per year. Darcy Roofing could also rent out the new lift for about $10,000 per year. The old lift is not suitable for rental. The old lift could currently be sold for $25,000 if the new lift is purchased.

Year 0= -170,000 + 25,000 + 40,000= -105,000

Year 1 trough 6= 20,000*6= 120,000

Effect on income= $15,000 favorable

You might be interested in
The American Marketing Association defines a ________ as "a name, term, sign, symbol, or design, or a combination of them, inten
vfiekz [6]

Answer:

brand

Explanation:

The American Marketing Association defines a brand as "a name, term, sign, symbol, or design, or a combination of them, intended to identify the goods or services of one seller or group of sellers and to differentiate them from those of competitors."

According to Kotler a brand is a name a sign or combination of these to distinguish one product from the others. People often associate and develop relationships  with the brand so that they can trust rely and depend on for future purchase.

According to Kotler's definition a brand must be distinguished from the other products and then it must have a desirable place in the minds of the consumers. That is the brand is as good as the customers think.

6 0
3 years ago
Which of these can be listed as benefits of filing your tax return online? I. Allows you to claim a larger number of deductions
telo118 [61]

Answer:

The answer is: C) II and III

Explanation:

The benefits for filing your tax return online are:

  • You can save money since you don't have to hire an accountant or other professional to file your taxes
  • It is very simple and easy, since the tax software is very user friendly and intuitive.
  • You can file your taxes from anywhere as long as you internet connection. This can save a lot of time and money, instead of having to physically go to an IRS office.
  • Tax software helps you gain financial knowledge and that is always useful.
  • It ensures accuracy since tax program can do accurate calculations on your behalf.
  • You can receive your tax refund faster if you file your taxes online. Usually within 21 days the IRS is sending out refunds based on taxes filed only.
3 0
3 years ago
Read 2 more answers
Your job pays you only once a year for all the work you did over the previous 12 months. Today, December 31, you received your s
s344n2d4d5 [400]

Answer:

Final Value= $4,216,869

Explanation:

Giving the following information:

You have decided that one year from today you will begin depositing 10 percent of your annual salary in an account that will earn 9.2 percent per year. Your salary will increase at 3 percent per year throughout your career. Your salary is $52,000

Your retirement is in 40 years.

We need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A=annual payment= 5,200

i= 9.2% interest + 3% year increase= 12.2%

n=40

FV= {5,200*[(1.122^40)-1]}/0.122

FV= $4,216,869

6 0
3 years ago
Statements that show the effects of proposed transactions as if the transactions had already occurred are called:
maks197457 [2]

Proforma statements are those that depict proposed transactions' results as if they had already happened.

<h3>What are Proforma statements?</h3>

There are several aspects of corporate decision-making that rely heavily on figures. You must show that your ideas are financially sound in order to gain support from important stakeholders, attract investors, and strategically plan.

A historical snapshot of a company's performance can be provided by some financial documents, such as balance sheets, income statements, cash flow statements, and annual reports, but they sometimes lack the ability to provide foresight when making future planning decisions. Because of this, professionals frequently use predictions and financial projections to inform their decisions and provide crucial "what if" scenarios. A frequent kind of projection that can be helpful in these circumstances is pro forma financial statements.

Learn more about Proforma statements here:

brainly.com/question/2554101

#SPJ4

3 0
2 years ago
Which of the following personal decisions could have an effect on your job? a. Staying up late at night causing you to be tired
algol [13]

Answer:

d. All of the above

Explanation:

Every workplace has its written and unwritten rules, regulations, and social conventions.

Staying up late which would make an employee sluggish at work, choosing to wear pajama pants in a formal office meeting, and inviting loud and rowdy friends to your workplace would definitely have a negative effect on one's job because those decisions and behavior are unprofessional.

6 0
3 years ago
Other questions:
  • __________ is setting a price for products that must be used along with a main product, such as blades for a razor and games for
    10·1 answer
  • Cullumber Company uses the percentage-of-receivables basis to record bad debt expense. Accounts receivable (ending balance) $605
    12·1 answer
  • The systematic study and application of knowledge about how individuals and groups act within the organizations where they work
    13·1 answer
  • Juniper Company uses a perpetual inventory system. The company purchased $9,750 of merchandise on August 7 with terms 1/10, n/30
    14·1 answer
  • According to which ethical rule can a defense attorney refuse to share the defendant’s information with others?
    13·1 answer
  • Actor Sissy Spacek once objected to a series of movie scenes that included her smoking a certain brand of cigarettes. She was pr
    8·1 answer
  • Discuss some ways a large insurance company such as allstate, progressive, or state farm might use social media tools such as mi
    13·1 answer
  • Perry, a buyer for Superior Products Company, a manufacturer of bulletin boards and other office supplies, visits a lumberyard a
    7·1 answer
  • 4. George makes 2.9% commission. Last week, George sold 4 cars at the following prices:
    9·1 answer
  • The exchange rate for converting the U.S. dollar into other currencies is continuously adjusted depending on the laws of supply
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!