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
Alex
3 years ago
5

You are thinking about investing in a mine that will produce $10,000 worth of ore in the first year. As the ore closest to the s

urface is removed it will become more difficult to extract the ore. Therefore, the value of the ore that you mine will decline at a rate of 7% per year forever. If the appropriate interest rate is 3%, then the value of this mining operation is closest to
Business
1 answer:
Agata [3.3K]3 years ago
7 0

Answer:

$100,000

Explanation:

Cash flow = $10,000

Interest rate = 3%

Growth = -7%

Value of this mining operation = Cash / (Rate - Growth)

Value of this mining operation = $10,000 / (3% -(-7%)

Value of this mining operation = $10,000 / 10%

Value of this mining operation = $10,000 / 0.10

Value of this mining operation = $100,000

You might be interested in
Cassidy is planning to obtain a loan from her bank for $210,000 for a new home. the bank has approved cassidy’s loan at a fixed
Grace [21]

Cassidy's approximate monthly payment stands at $1420. if Cassidy lives planning to obtain a loan from her bank for $210,000 for a new home.

<h3>What is the payment monthly?</h3>

The monthly payment is the quantity paid per month to pay off the loan in the time period of the loan. When a loan is taken out it isn't only the top amount, or the original payment loaned out, that needs to be repaid, but also the good that accumulates.

<h3>What is a loan amortization schedule?</h3>

It is described as the systematic method of representing loan payments according to the time in which the principal amount and interest exist mentioned in a list manner

It is given that:

  • Cassidy lives planning to obtain a loan from her bank for $210,000 for a new home.
  • A fixed annual interest rate of 2.7% compounded monthly for 15 years.

The formula is:

P=F_{P} (i)/1-(1+i)^{-1}

Plug all the values in the above formula:

P=210000(2.7/12)/1-(1+(2.7/12)^{-15*12}

$1420.

Hence,

Cassidy's approximate monthly payment stands at $1420.

To learn more about monthly payment, refer

brainly.com/question/2151013

#SPJ4

4 0
1 year ago
The following transactions occur for the Hamilton Manufacturers.
Radda [10]

Answer:

The answer is stated below:

Explanation:

The accounting equation is as follows:

Assets = Liabilities + Stockholders' Equity

Analyzing the transactions:

1. The service is provided to customer on account, which result in increase in assets and the stockholders' equity

So,

Assets        =   Liabilities        +  Stockholders' equity

+ $4,000    = $0                     +  +$4,000

2. The equipment is purchased by signing a note, which result in increase in liability and also increase in the assets.

So,

Assets        =   Liabilities        +  Stockholders' equity

+ $10,500  =   +$10,500         + $0

3. Paid for the advertising, which result in decrease in cash as well as decrease in the equity of the company.

So,

Assets        =   Liabilities        +  Stockholders' equity

- $1,200    = $0                        +  -$1,200

7 0
3 years ago
Amy is concerned with her​ organization's inability to solve problems quickly. She believes that more people should be included
Licemer1 [7]

Answer: Amy is <em>concerned </em>with her​ organization's i<em>nability to solve problems</em> quickly. Several <u>subordinates have complained</u> to her that they feel alienated from the management <u>making the decisions</u> about their jobs with<u> no input </u>from them.

The element that Amy should address is the Chain of command.

Explanation:

A chain of command is a system for sending inside information of organizations with strong, vertical and authoritative structures.

The continuous flow of the chain of command clearly establishes the authority, revealing this depending on who reports to whom.

We must take into account the Authority and the Unit of command. This last is very important because it states that each supervisor must inform only one superior and like this the company preserves the continuous line of authority so all employees are heard and their ideas are taken into consideration for making decisions.  

3 0
3 years ago
One disadvantage of renting a home is , which directly affect what the renters can and can’t do in and around the house. On the
slava [35]

disadvantage is that the land lord can raise the rent easily while you can not do anything about it.Lower insurance, When renting a home, we would most likely restricted to make any modification that we like to the home. (such as we are not allowed to change the color of the paint)

On the insurance front, renting a home has cheaper insurance since we are only paying for the protection of the personal goods that we keep on the home. We do not have to pay for property tax since the home is not belong to us.

But a benefit is that there is no mortgage.

7 0
3 years ago
Cardinal Industries purchased a generator that cost $11,000. It has an estimated life of five years and a residual value of $1,0
bagirrra123 [75]

Answer:

$11,000 cost, five-year life, and $1,000 salvage value

Explanation:

given data

cost = $11,000

residual value = $1,000

estimated to be good = 5,000 hour

solution

as per the straight-line method

formula to compute the depreciation expense that is express as

depreciation expense = (Purchase value of generator - residual value) ÷ (estimated useful life)   .......................1

and

here by considering here these three item

and other information that is not relevant that ignore

depreciation expense = ($11,000 - $1,000) ÷  5 years = 2000

so $11,000 cost, five-year life, and $1,000 salvage value

3 0
3 years ago
Other questions:
  • Morgan would like to purchase a bond that has a par value of $1,000, pays $80 at the end of each year in coupon payments, and ha
    7·1 answer
  • In the movie 9 to 5​, Maria Delgado worked mornings and her​ sister, who came in a few minutes before Maria​ left, worked the sa
    9·2 answers
  • Programming languages used to create artificial intelligence and expert system applications are often called _____
    5·1 answer
  • A. True
    15·1 answer
  • Generally the preferred method of making decisions within an organization is the
    15·1 answer
  • Partridge Bookstore had 500 units on hand at January 1, costing $9 each. Purchases and sales during the month of January were as
    12·1 answer
  • Which of the following statements about GDP (gross domestic product) is TRUE?
    7·1 answer
  • The __________ theory suggests that people will evaluate the cost, benefit, or value related to making a change in a particular
    8·1 answer
  • Pls help me I would appreciate it
    14·2 answers
  • The process by which a domestic company sells its already sold on its donestic exchange on a foreign stock exchange is called​
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!