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
Juliette [100K]
3 years ago
13

A construction manager just starting in private practice needs a van to carry crew and equipment. She can lease a used van for $

3,510 per year, paid at the beginning of each year, in which case maintenance is provied. Alternatively, she can buy a used van for $5,185 and pay for maintenance herself. She expects to keep the van for three years at which time she could sell it for $1,330. What is the most she should pay for uniform annual maintenance to make it worthwhile to buy the van instead of leasing it, if her MARR is 20%
Business
1 answer:
Viefleur [7K]3 years ago
5 0

Answer:

$2,116

Explanation:

The computation is shown below:

Option 1 - Leasing

= 3510 + ( 3510 ÷ 1.2 ) + ( 3510 ÷ 1.2 ^ 2 )

= 8872.5

Now

Option 2 - Buying

Given that

Initial Cost - 5185

PV of salvage value = 1330 ÷ 1.2 ^ 3

= 769.68

So,  

Cost = 5185 - 769.68

= 4457.176

Now the payment should be

= 4457.176 × 0.47473 (PV annuity factory for 20% at 3 years)

= $2,115.955

= $2,116

You might be interested in
Explain the contra entry to sales ledger and why it was needed
vivado [14]

Answer:

The Contra Entry is the transfer of cash. Hope this helps!

5 0
3 years ago
___________ tax situation currently applies to corporations and their owners but not to sole proprietorships, partnerships, or t
elixir [45]

Answer: Double taxation of dividend

Explanation: Double taxation of dividends refers to the taxes paid on dividends. Tax is first paid on the portion of the profit realized by a corporation which is to be shared among the shareholders. This portion of the corporation's profit is called dividend and the tax paid by the corporation is called the corporate income tax. After the dividends has been shared, each shareholder then pays a personal income tax on the respective amount received as dividend.

6 0
4 years ago
Drag each task to the appropriate column based on whether it is a task that embedded computers do or do not perform.
Alexxandr [17]
<span>Below are the tasks: Automate security so you can lock and unlock doors remotely. Remotely turn on a fan found in your grandmother's attick. Reduce energy consumption in home appliances. Monitor engine emissions in a car. Manages financial transaction at an ATM.</span>
5 0
3 years ago
I'm lonely i need a bf
marta [7]

Answer:

sorry I can't as i am a girl

6 0
3 years ago
Read 2 more answers
In Florence Cement Company v. Vittraino, Florence sought to pierce Shelby's corporate veil and hold the principals personally li
noname [10]

Answer:

A

Explanation:

The Court of Appeals of Michigan reversed the trial court's decision and ruled in favor of Florence on the issue of piercing the corporate veil. The court took a tour of Shelby's company history, there was every indication that the principals treated their own liabilities as Shelby's liabilities and vice versa and intentionally undercapitalized Shelby,this caused Shelby to continually be insolvent, including at the time it contracted with Florence. Essad sworn statement was falsified in the final loan draw request to the bank, and this constituted use of Shelby for fraudulent purposes. Therefore, Florence satisfied the elements for piercing the corporate veil.

4 0
4 years ago
Other questions:
  • Which of the following statements regarding the center of gravity method is false
    6·1 answer
  • An improvement in a firm's technology that improves productivity results in a(n): Group of answer choices downward movement alon
    6·1 answer
  • Chambliss Corp.'s total assets at the end of last year were $305,000 and its EBIT was 62,500. What was its basic earning power (
    7·1 answer
  • Decreasing your w-4 allowances will _ the net pay in your paycheck _ your total tax burden
    10·1 answer
  • Fox has used the FIFO method of inventory valuation since it began operations in 20x6. Fox decided to change to the weighted-ave
    15·1 answer
  • Alternative price indexes
    13·1 answer
  • Question # 6
    14·1 answer
  • Majer Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or RateStandard Co
    5·1 answer
  • according to the international data corporation (idc), what is that crucial ability that will make cloud computing essential for
    13·1 answer
  • Sport managers compete for the __________ of consumers through the sale of items that might or might not be related to the prima
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!