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Delicious77 [7]
3 years ago
11

4-8 A manufacturing firm spends $350,000 annually for a required safety inspection program. A new monitoring technology would el

iminate the need for such inspection. If the interest rate is 8% per year, how much can the firm afford to spend on this new technology
Business
1 answer:
hichkok12 [17]3 years ago
7 0

Answer:

$3,436,351.59

Explanation:

The computation of the amount that could be afforded to spend is shown below:

= Amount × (P/A, 8%, 20 years)

= $350,000 × 9.8181

= $3,436,351.59

We simply applied the above formula so that the correct value could come

And, the same is relevant too

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When actual revenue ______ what the revenue should have been, the variance is labeled favorable.
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When actual revenue <u>exceeds</u> what the revenue should have been, the variance is labelled favourable.

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2 years ago
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A corporation issued 2,500 shares of its no par common stock at a cash price of $11 per share. The entry to record this transact
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Answer:

B. Debit cash $27,500 ; Credit common stock $27,500

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5 0
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If​ eHermes' supplier of​ self-driving vehicle chassis is able to reduce costs by having better data on both finished goods inve
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