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lyudmila [28]
4 years ago
9

Garland Mills purchased a certain piece of machinery 4 years ago for $500,000. Its present resale value is $340,000. Assuming th

at the machine's resale value decreases exponentially, what will it be 5 years from now? (Round your answer to the nearest dollar.)
Business
1 answer:
larisa [96]4 years ago
3 0

Answer:

The machine's resale value in 5 years from now will be $309,392

Explanation:

Future value = present value*exp(cx)

$340,000 = $500,000*exp(4c)

17/25 = exp(4c)

c = -0.096

Future value = present value*exp(cx)

                     = $500,000*exp(-0.096*5)

                     = $309,391.70

Therefore, The machine's resale value in 5 years from now will be $309,392

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When Patrick was talking with his customer about the new accounting system, his customer mentioned that she thought the new syst
cupoosta [38]

Answer:

The question lacks answers:

<em>a. overcoming reservations </em>

<em>b. generating and qualifying leads </em>

<em>c. the presentation </em>

<em>d. the preapproach </em>

<em>e. follow-up</em>

The answer is: a. overcoming reservations

The answer can be formulated as - handling objections

Explanation:

The sales presentation process usually follows the sequence:

<em>generating and qualifying leads  -> the preapproach  -> the presentation  -> overcoming reservations  -> closing -> follow-up</em>

The part of overcoming reservations is one of the most critical parts of the sales process, as it includes the addressing of the potential concerns a lead may have. This is the part when most salespeople end the whole process, as they are mostly not prepared to argument their sales pitch.

In this example, Patrick is confident and persistent in his efforts to emphasize the benefits of the system, even though the client expressed some concern about it. Patrick successfully overcame the client's reservations by explaining the benefits further.

6 0
3 years ago
What are dividends?
Ne4ueva [31]
I want to say c but i am not sure, if it's not c it'd d for sure. Hope that was some help:)
3 0
3 years ago
Examples of services are _____.<br><br> dentists<br> childcare<br> newspapers<br> personal computers
motikmotik

Personal computers

Sentence:

Examples of services are personal computers.

6 0
3 years ago
Firm X is selling a vehicle with an MSRP of $30,000 and dealer discount of 10%. Unit cost is $20,000 and fixed costs are $1.4 bi
seraphim [82]

Answer:

Number of vehicles to be sold to reach break-even point is 200,000 unit

Explanation:

<em>Computation of Dealer’s Discount: </em>

Dealer  Discount = MSRP * Rate of Discount

=$30,000×10%

=$3,000

<em>Computation of net selling Price:  </em>

Net Selling Price = MSRP - Dealer ′ s Discount

=$30,000 - $3,000

=$27,000

<em>Computation of Contribution Margin:  </em>

Contribution Margin = Net Sales - Unit Cost

=$27,000 - $20,000

=$7,000

<em>Compute the number of units to reach break-even point for Firm X.</em>

Break-even point = Fixed cost / Contribution per unit

=$1,400,000,000  / $7,000

=200,000 units

​

Therefore, number of vehicles sold to reach break-even point is 200,000.

Nb: MSRP means manufacturer's suggested retail price

5 0
4 years ago
Assume that we use a perpetual inventory system and that five identical units are purchased at the following dates and costs: Ap
quester [9]

Answer:

Cost of goods sold on April 25 is $13.80 and the inventory balance is $55.20

Explanation:

Data given:total unit

Cost of purchase with  data;

Date                  Amount

April 5                 $10

April 10                $12

April 15                $14

April 20                 $16

April 22                 $17

Total cost             69    

Average cost = total cost /total quantity

                       = 69/5

                       =13.8

The cost of the ending inventory is given on the balance sheet below

Date      Purchases              Cost of            Inventory Bal.   Avg Cost

                                            goods sold

April 5   $10* 1 unit= $10                -                        $10               10/1 = $10

April  10  $12* 1 unit=$12               -               10+ 12 = 22            22/2 = 11

April  15   $14* 1 unit=$14                  -           22+14 =36              36/3 = 12

April 20   $16* 1 unit= $16                  -          36 +16 =52            52/4 = 13

April 22    $17* 1 unit = $17                 -          52+17 =69            69/5 = 13.8

April 25             -           1 unit*13.8 = 13.80      69 - 13.8 = 55.20

5 0
4 years ago
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