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
madam [21]
3 years ago
14

A company is considering purchasing a machine that costs $400,000 and is estimated to have no salvage value at the end of its 8-

year useful life. If the machine is purchased, annual revenues are expected to be $100,000 and annual operating expenses exclusive of depreciation expense are expected to be $38,000. The straight-line method of depreciation would be used. The cash payback period on the machine is Question 9 options: 8.0 years. 7.5 years. 6.5 years. 3.2 years
Business
1 answer:
AveGali [126]3 years ago
4 0

Answer:

6.5 years

Explanation:

Cost of Asset/Net Income = $400,000/Net Income

Net Income = Revenue - Operating expenses (excluding depreciation)

= $100,000 - $38,000 = $62,000

=$400,000/$62,000

=6.45

=6.5 years

You might be interested in
Which sentence is​ correct?
cricket20 [7]

D. The school system is composed of five different​ districts, each of which composes six or more schools.

Out of the sentences listed, answer D is the best well written sentence based on structure.  When developing setence structure, makig sure the sentence sounds and is written approriately is necessary.  

6 0
3 years ago
Vernon Bicycle Manufacturing Company currently produces the handlebars used in manufacturing its bicycles, which are high-qualit
Lana71 [14]

Vernon produces and sells only 6,100 bikes each year. Due to the low volume of activity, Vernon is unable to obtain the economies of scale that larger

<h3>What is  bikes?</h3>

A bicycle, also known as a pedal cycle, bike, or cycle, is a single-track, human-powered or motor-powered assisted vehicle with two wheels attached to a frame, one behind the other. A cyclist or bicyclist is someone who rides a bicycle. Bicycles were first introduced in Europe in the nineteenth century.

Infants under the age of 12 months should not be carried on a bicycle and should not sit in a rear bike seat. Infants should not be carried on a bike in backpacks or front carriers. It is not advised to leave babies in slumped positions for extended periods of time.

To know more about  bikes follow the link:

brainly.com/question/18927762

#SPJ4

5 0
2 years ago
Please help for my career class please
Julli [10]
Do you need help finding a career or do you need help picking a dream I don’t understand what you need help with but I can help
5 0
3 years ago
Read 2 more answers
In 2019, Whispering Winds Corp. had net sales of $973,000 and cost of goods sold of $570,900. Operating expenses were $220,300,
tester [92]

Answer:

Whispering Winds Gross profit is $402,100

Explanation:

Multi step income statement differentiate the the operating revenue and expenses from non operating revenue and expenses. It shows the gross profit, operating profit and net profit separately.

     Whispering Winds Corp.

 Income statement for the year 2019

Net sales                               $973,000

Less: Cost of goods sold     <u>$570,900</u>

Gross Profit                                            $402,100

Less:Operating expenses                     <u>$220,300</u>

Operating Profit                                     $181,800

Less: Interest expense                          <u>$14,600  </u>

Profit before Tax                                    $167,200

7 0
3 years ago
Miller Corporation issued 6000 shares of its​ $5 par value common stock in payment for attorney services billed at​ $54,000. Mil
Deffense [45]

Answer:Share premium account of $24,000

The provider of attorney services of $30,000

Explanation:

On provision of services, the Attorney services expenses account is debited with $54,000 and the attorney services provider account credited with $54,000

Furthermore a share account is opened for the provider and credited with $30,000 , the share premium is credited $24,000 and a debit transfer is made to his liability account initially credited.

The $24,000 credit to share premium represents the difference between the nominal value of the share of $5 and the market value of $9 multiply by the 30,000 shares he was paid with.

Also a memorandum will be issued to state that 6000 share has been transferred from Miller to the attorney services provider and the shares will be delited from his name and entered in the name of the services provider because the credit of shares to his account does not represents new shares issued but it's the transfer of Miller's shares to him.

4 0
3 years ago
Other questions:
  • Troy Company budgeted​ $12 million for customer service​ costs, but actually spent only​ $10 million. Which of the following sta
    5·1 answer
  • Anupam's company manufactures industrial ladders. He is concerned that consumerswho do not understand ladder safety will purchas
    7·1 answer
  • Suppose the total monetary value of all final goods and services produced in a particular country in 2010 is $500 billion and th
    11·1 answer
  • You are US company, 500,000 BP (British Pound) payable to UK in one year. Answer in terms of US$. Information for Forward Contra
    15·1 answer
  • Suppose the equilibrium real federal funds rate is 3 percent, the target rate of inflation is 3 percent, the current inflation r
    5·1 answer
  • om may 1st the bank account show a credit balance of $1000. om mayn5th a deposit of $400 is made and on May 10ty a cheque is pai
    10·1 answer
  • Trickle irrigation can be used to reduce
    5·1 answer
  • How important is the value of a product for a customer
    8·2 answers
  • Which of the following aspects of the sales process is most likely to make or break a sale?
    6·1 answer
  • Define marketing in your own words.
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!