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KiRa [710]
3 years ago
13

Concord Corporation financed the purchase of a machine by making payments of $28000 at the end of each of five years. The approp

riate rate of interest was 8%. The future value of one for five periods at 8% is 1.46933. The future value of an ordinary annuity for five periods at 8% is 5.86660. The present value of an ordinary annuity for five periods at 8% is 3.99271. What was the cost of the machine to Concord
Business
1 answer:
saw5 [17]3 years ago
6 0

Answer:

$111,795.60  

Explanation:

The cost of the machine is the present value of its annual payment of $28,000.

The present value is the annual payment multiplied by the present value of an ordinary annuity for five periods at 8% which is 3.99271 as computed thus

cost of machine=$28000*3.9927

cost machine=$111,795.60  

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The budget of the federal government is dramatically different than it was 50 years ago. In what way is it different
NISA [10]

Answer:

D

Explanation:

D.   Mandatory spending has increased as the population has gotten older and the Social Security and Medicare programs have expanded.

3 0
2 years ago
Kodak is a company name associated with photography. The company has recognized that digital photography is a threat to the futu
Ksivusya [100]

Answer:

The correct answer to the following question will be Option B (design competition).

Explanation:

  • Design competition seems to be a platform that allows participants to overcome a problem domain as well as compete against someone else, mostly their colleagues, to obtain an honor or perhaps a construction project.
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Some other available options have no connection with the given scenario. So choice B seems to be the right answer to that.

5 0
3 years ago
Which of the following situations is the demand most likely to be reduced
Kay [80]

Answer:

The higher the price, the higher the producer's profits. Your needs and wants are unlimited. If heavy competition for a product keeps its price low, businesses will be very motivated to offer the product for sale.

3 0
3 years ago
Jacques maxes out his credit card and then misses several payments in a row before he started paying his bills. How could this a
madam [21]

Answer:

this is correct

B. His credit score would most likely go up. A higher credit score could make lenders refuse to offer him credit or possibly offer him credit at a much higher interest rate

3 0
3 years ago
Bruno's Lunch Counter is expanding and expects operating cash flows of $26,900 a year for 6 years as a result. This expansion re
8090 [49]

Answer:

Net present value of this expansion project is 8234.

Explanation:

To get the net present value,  we make a cash-flow in excel. See document attached.

At moment 0 the investment is =$(92.700), also we consider the working capital =(6.600)

Moment 1 to 6 = $26.900

We calculate the Net cash flow (that is the difference between benefits and cost).

To get net present value, we use VNA formula.  ( =VNA(required rate of return; Net cash flow from moment 0 to moment 6) +Net cash flow at moment 0)

Net present value is 8234

4 0
3 years ago
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