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
Katena32 [7]
2 years ago
6

A land development company is considering the purchase of earth-moving equipment. This equipment will have an estimated first co

st of $199,000, a salvage value of $65,000, a life of 10 years, a maintenance cost of $32,000 per year, and an operating cost of $220 per day. Alternatively, the company can rent the necessary equipment for $1130 per day and hire a driver at $180 per day. If the company's MARR is 10% per year, how many days per year must the company need the equipment in order to justify its purchase?
Business
1 answer:
liraira [26]2 years ago
6 0

Answer:

Explanation:

Let the number of days per year that the company will need the equipment in order to justify its purchase b represented by x.

Based on the information given, this will then be:

1130x + 180x = 199000(A/P, 10%,10) - 65000(A/F, 10%, 10), + 32000 + 220x

1310x = 199000(0.1627) - 65000(0.0627) + 32000 + 20x

1310x - 20x = 32377.3 - 4075.5 + 32000

1290x = 60301.8

x = 60301.8/1290

x = 46.75

Therefore, the answer is 46.75 days.

You might be interested in
Which of the following is required for all workers to earn identical wages in the long run? Check all that apply. All jobs requi
zepelin [54]

Answer:

All workers have equal ability and can be trained to do different types of employment at minimum cost. Workers can move from one labor market to another at zero cost. All workers must have a bachelor's degree.

Explanation:

In the conventional perfectly competitive model of the labor market, wage-setting is individualistic in the sense that identical workers should receive identical wages in different firms and different workers should receive different wages in the same firm.

8 0
3 years ago
Read 2 more answers
Approximately how much should be accumulated by the beginning of retirement to provide a $2,500 monthly check that will last for
makkiz [27]

Answer:

B. $323,900.00

Explanation:

Nper = 300 periods

Rate = 8%/12

FV = 0    

PMT = $2500  

Amount to be Accumulated = PV(Rate,Nper,PMT,FV)

                                               = PV(8%/12,300,2500,0)

                                               = $323911.31

Therefore, The amount to be accumulated by the beginning of retirement to provide a $2,500 monthly check that will last for 25 years is $323,900 .

7 0
3 years ago
Which of these factors make it difficult for an employee to get a job offer?
salantis [7]

The factors are: Lack of experience, Economic depression,  Inappropriate comments or behaviour in the interview, Poor use of English language,and  low cognitive skills

In general, employers will hire an individual if they <em>believe </em> that the individual would provide more financial value compared to the amount of his/her salary. They would not necessarily higher you based on your academic performance because often times you would had to start learning everything related to the job again from the scratch.

7 0
3 years ago
What does division mean on a job application?
julsineya [31]
It pretty much means it divides the task 
6 0
3 years ago
How did whirlpool use capabilities of text analytics to better understand their customers and improve product offerings?
77julia77 [94]

Whirpool use the competences to enhanced their understanding of their customers and develop product offerings by as we know that Whirpool Corporation takes a cooperative approach to social media networks, with the Digital Marketing, Public Relations, and Customer Care teams all concerted effort to make available a reliable and trustworthy brand voice to its customers. 

5 0
3 years ago
Other questions:
  • Changes in the price of oil:
    6·1 answer
  • And currency risks are to key country success factors as land costs and​ ________ are to key region success factors.
    11·1 answer
  • The intent of a patent is to: a. encourage copycat inventions. b. increase competition in the marketplace. c. reward innovation
    15·1 answer
  • Into what three general categories can food service employees be grouped?
    8·2 answers
  • An internet strategy enabled nestlé usa to change its way of doing business and allowed the company to change its staid, risk-av
    9·1 answer
  • A U.S. Treasury bond will pay a lump sum of $1,000 exactly 3 years from today. The nominal interest rate is 6%, semiannual compo
    14·1 answer
  • Suppose the marginal benefit the owner of a cherry orchard derives from hiring Lauren to pick cherries is $8 per hour. If the wa
    13·1 answer
  • Which of these statements is false?
    14·1 answer
  • Consider community safety or defense, meaning freedom from crime and threats, to answer the following questions. a. Community sa
    10·1 answer
  • A shopkeeper explains to you that she keeps down the cost of running her business because her husband works in the shop for free
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!