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ella [17]
2 years ago
6

cost $24,000 with a six-year life and no salvage value. The company expects to sell the machine's output of 3,000 units evenly t

hroughout each year. A projected income statement for each year of the asset's life appears below. What is the payback period for this machine?
Business
1 answer:
Vikentia [17]2 years ago
7 0

Answer:

4 years

Explanation:

The computation of the payback period is shown below:

Payback period is

= Cost of a Machine ÷ Annual cash flow

where,

Cost of a machine = $24,000

And, the annual cash flow is

= Net Income + Depreciation  expense

= $2,000 + $4,000

= $6,000

Now placing these values to the above formula

So, the payback period is

= $24,000 ÷ $6,000

= 4 years

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the preferred type of retirement account for the typical college students working a part-time low-wage job would generally be:
Anna007 [38]

The Roth IRA. The SEP IRA. Simple IRAs and Simple 401(k) Plans (k). You contribute  Traditional after-tax dollars to a Roth IRA, retirement money grows tax-free, and you can generally make tax- and penalty-free withdrawals after the age of 5912.

With a Traditional IRA, you can contribute before or after taxes, your money grows tax-deferred, and withdrawals are taxed as current income once you reach the age of 5912. A Roth IRA is an Individual Retirement Account into which you make after-tax retirement. While there are no current-year tax advantages, your contributions and earnings can grow tax-free, and you can withdraw them tax- and penalty-free after age 5912 and five years.

To learn more about retirement, click here.

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4 0
11 months ago
Katherine 35 is married with two children and files as Head of Household. She lived apart from her husband for the last eight mo
Andreyy89

Answer and Explanation:

Since Katherine is under 65 years of age and is the Head of Household. Therefore, in order to file a tax return, her gross income should at least be $13,400.

7 0
2 years ago
Supply chain managers outsource logistics to meet three​ goals: A. drive down inventory​ investment, lower delivery​ costs, and
Natasha2012 [34]

Answer:

A. drive down inventory​ investment, lower delivery​ costs, and improve delivery reliability and speed.

Explanation:

Inventory investment is allocating resources to raw materials, finished goods, and work in progress. Supply managers will outsource logistics services to save costs and improve efficiency in inventory management.

Specialized logistics companies deliver raw material and distribute finished goods at a fast speed and lower cost. Outsourcing will present the supplies manager as reliable in the books of their customers.

3 0
3 years ago
To choose the best training method, a company should consider such factors as the number of people to be trained, the cost of tr
Nikitich [7]

Answer:

TRUE

Explanation:

Training and development describes the formal, ongoing effort that are made within organizations to improve the performance and self-fulfillment of their employees through a variety of educational methods and programs.

In order to choose the best training method, there are some factors that a company should consider. These factors include:

Number of people to be trained: people can learn more effectively in small groups, and, consequently, less effective in larger ones.

The cost of training: training budget is very essential in the decision process because training can take a lot of resources: money, materials, equipments e.t.c)

The objectives of training: the goal or objectives will vary depending on the organization and the kind of activities the organization plans to do during work.

Therefore, it is TRUE that to choose the best training method, a company should consider such factors as the number of people to be trained, the cost of training, and the objectives of the training.

8 0
3 years ago
According to economists, when two people make the exactly opposite decision:
disa [49]

Answer:

b. each person evaluates the situation according to his/her individual self-interest.

Explanation:

This can be generally seen in ancient and modern form of economics where in the course of their works, they can end up countering themselves in the midst of a project.

Here, or in a case of such, a great part of economics deals and accommodates psychology an the both economics that have probably found themselves in the field are expected to evaluate the situation according to each others self interest; especially when knowing the risks, pros and negative effect of the activities that is been carried out.

Secondly, this model is a useful measurement device by which economic situations can be evaluated and also levels of competition that exist in real markets can be checked.

6 0
3 years ago
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