Answer:
The maximum investment is $6,360.111
Explanation:
Giving the following information:
The placement of a new surface would reduce the annual maintenance cost to $500 per year for the first 3 years and to $1000 per year for the next 7 years. After 10 years the annual maintenance would again be $2500.
We need to find the net present value. The maximum initial investment will be the amount that makes the NPV cero.
NPV=∑[Cf/(1+i)^n]
Cf= cash flow
<u>For example:</u>
Year 1= 500/1.05= 476.19
Year 3= 500/1.05^3= 431.92
Year 5= 1,000/1.05^5= 783.53
NPV= 6,360.111
The maximum investment is $6,360.111
When your in your late 20s early 30s
The option that best describes the difference between HR planning and a staffing plan is this:
B. Unlike HR planning, a staffing plan identifies only the company's present hiring needs.
<h3>What is the difference between HR planning and staffing?</h3>
The difference between the two mentioned concepts lies in the fact that HR planning is a long-term plan that is aimed at trying to understand how the staffing needs of the company can be improved for better success.
Unlike HR planning, a staffing plan is aimed at identifying the immediate employment needs of the company and filling them up. In businesses, HR planning is very vital to building sustainability. Staffing is also important but it only considers the interim.
So, the difference between these two concepts can be pinned down to the time factor. While one satisfies a need immediately, the other looks at the future and makes reasonable plans that ensure sustainability.
Learn more about HR planning here:
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A lien is a claim against an asset, often to get a loan. All debts related have to be paid before it is removed.
