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
emmainna [20.7K]
3 years ago
8

Ataxia Fitness Center is considering an investment in some additional weight training equipment. The equipment has an estimated

useful life of 10 years with no salvage value at the end of the 10 years. Ataxia's internal rate of return on this equipment is 8%. Ataxia's discount rate is also 8%. The payback period on this equipment is closest to (Ignore income taxes.):
Business
1 answer:
Levart [38]3 years ago
6 0

Answer:

6.71 years

Explanation:

we need to determine the PVIFA for 8% and 10 periods:

PVIFA = [1 - 1/(1 + i)n ] / i

PVIFA = [1 - 1/(1 + 0.08)¹⁰ ] / 0.08 = 0.5368 / 0.08 = 6.71

Ataxia's payback period should be 6.71 years or less in order for this project to be feasible and accepted.

You might be interested in
Consider the following information: Rate of Return If State Occurs State of Probability of Economy State of Economy Stock A Stoc
kicyunya [14]

Answer:

a) The expected return of equally weighed portfolio is 14.23%

b) The expected return of equally weighed portfolio is 16.45%, hence Variance = 1.596457%

Explanation:

See workings of a and b attached in a form of spreadsheet.

7 0
3 years ago
Which statement is true about the retail inventory method? Group of answer choices It may not be used to estimate inventories fo
mr_godi [17]

Answer:

The answer is: There are different versions of the retail inventory method.

Explanation:

There are several types of retail inventory method:

  1. the conventional (lower of average cost or market) method,
  2. the cost method
  3. the LIFO retail method
  4. the dollar value LIFO retail method

The retail inventory method is very useful for large retailers (e.g. grocery stores, hypermarkets, etc.). Its greatest advantage is that the inventory balance can be calculated without a physical count.

5 0
3 years ago
Medical researchers have developed a new artificial heart constructed primarily of titanium and plastic. the heart will last and
Natalka [10]
Based on the given information, this 50 battery packs will then be tested through the artificial heart and check which of the different components contains the best component for the organ.Thank you for your question. Please don't hesitate to ask in Brainly your queries. 
7 0
3 years ago
_____ comprises a range of practices concerned with increasing awareness, fostering learning, speeding collaboration and innovat
vesna_86 [32]
Knowledge management comprises a range of practices concerned with increasing awareness, fostering learning, speeding collaboration and innovation, and exchanging insights of individuals, teams, or entire organizations.
7 0
4 years ago
Se the following account balances from the adjusted trial balance of Gees Catering:
S_A_V [24]

Answer:

The amount that Gees Consulting would report as the ending balance in the R. Gees, Capital account at the end of the year is $8,000

Explanation:

For computing the ending balance of capital account, first, we have to compute the net income or loss which is shown below:

Net income/loss = Fees revenue - salary expense - rent expense - supplies expense

= $10,000 - $7,000 - $6,000 - $6,000

= ($19,000)

Now the ending balance would be

= Opening capital - net loss -  drawings

= $18,000 - $9,000 - $1,000

= $8,000

8 0
3 years ago
Other questions:
  • Journalizing issuance of stock—at par and at a premium
    5·1 answer
  • What Trade-off Do You Make When You Use Credit ?
    15·1 answer
  • Lucia's bank offers a savings account with 1.9% APR compounded monthly. What is the actual annual percentage yield on this accou
    7·1 answer
  • You have recently accepted a position with Vitex, Inc., the manufacturer of a popular consumer product. During your first week o
    11·1 answer
  • You are a project consultant for the ACME Company and are helping to develop an agile method using Scrum. The company has always
    7·1 answer
  • Identify whether or not each of the following scenarios describes a competitive market, along with the correct explanation of wh
    5·1 answer
  • Five hundred units of good x are currently bought and sold. The marginal buyer is willing to pay $40 for the 500th unit, and the
    15·1 answer
  • Why does a price floor lead to surpluses?  Why does a price ceiling lead to shortages?  ​
    14·1 answer
  • Paul agrees to sell his clothing store to Michael and, as part of the sale, to execute a covenant not to compete promising not t
    15·1 answer
  • What dynamics were used ​
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!