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Dvinal [7]
3 years ago
15

Second National Bank is considering adding 5 new ATM machines. Each machine costs $25,000 and installation costs are $15,000 per

machine. Second National Bank expects the new machines to save $0.33 per transaction on 250,000 transactions per year on the new machines. It also expects the new machines to last for 15 years. If the bank needs to earn 14 percent return on this investment, what is the net present value of this investment?
a. $506,729
b. $306,729
c. $272,269
d. $381,729
e. $424,228

Can you provide a step-by-step process and the functions for a financial calculator
Business
1 answer:
Butoxors [25]3 years ago
6 0

Answer:

The answer is "Option b".

Explanation:

When the typo-It should be the last for 15 years:

NPV=-5\times (25000+15000)+0.33\times  \frac{250000}{14\%} \times (1-\frac{1}{1.14^{15}})

After solving the equation we get

=306728.85878 \\\\=\$ 306729\\\\

When it was the last 25 years

NPV=-5\times(25000+15000)+0.33\times \frac{250000}{14\%}\times(1-\frac{1}{1.14^{25}})=367016.51358

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Mandarinka [93]

Answer:

Gain= $3,500

Explanation:

<u>First, we need to calculate the book value at the moment of the sale:</u>

Book value= Purchase price - accumulated depreciation

Book value= 93,500 - 64,000

Book value= $29,500

<u>Now, the gain or loss by the sale:</u>

Gain/loss= selling price - book value

Gain/loss= 33,000 - 29,500

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6 0
3 years ago
Henson company applies overhead on the basis of 120% of direct labor cost. job no. 190 is charged with $120,000 of direct materi
Marizza181 [45]
Total manufacturing costs=direct material+direct labor+manufacturing overhead

Calculate direct labor
Let direct labor be x
120%=1.2
1.2x=180000
Divide both sides by 1.2
X=180,000÷1.2
X=150,000 direct labor

Total manufacturing costs=
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Hope it helps!
5 0
3 years ago
Prior to the iconoclasm of the eighth century, icons were accepted as __________________.
Vlad [161]
Here is the answer: Before the iconoclasm of the eighth century occurred, icons were recognized as INTERMEDIARIES BETWEEN WORSHIPPERS AND THEY REPRESENTED HOLY FIGURES. Iconoclasm involves the belief that these holy figures or monuments should be destroyed based on religious beliefs too.
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3 years ago
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Andreyy89

Answer:

The correct answer is False.

Explanation:

The identification of risks and their subsequent management is one of the most important aspects in order to maintain control of a project. This allows the project manager to anticipate those situations that may compromise (or favor) the objectives, and define action plans for them in advance.

The first step in identifying risks is to define what a risk is. A risk is a known situation, which may or may not occur, and that if it occurs, will affect our ability to meet the objectives of the project (if it is negative it will be a risk, and if it is positive, an opportunity). Here it is important to highlight known, if we cannot define the situation we cannot consider it, and also the fact of being able to occur, which implies that the management of a risk will be affected by its probability of occurrence.

The identification of risks is developed during the planning phase, once we have defined the scope, the people involved in the project, the tasks to be carried out, and the schedule. Having these well-defined aspects is important because the risks must be related to a particular task (or group of tasks), and may arise from aspects related to the team or time.

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