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Dmitrij [34]
2 years ago
14

Barney Googal owns a garage and is contemplating purchasing a tire retreading machine for $12,820. After estimating costs and re

venues, Barney projects a net cash inflow from the retreading machine of $2,700 annually for 7 years. Barney hopes to earn a return of 9% on such investments. What is the present value of the retreading operation
Business
1 answer:
UNO [17]2 years ago
5 0

Answer:

the present value is $13,588.97

Explanation:

The computation of the present value of the retreading operation is shown below:

As we know that

Present value = Future value ÷  (1 + rate of interest)^time period

= $2,700 ÷ 1.09^1 + $2,700 ÷ 1.09^2 + $2,700 ÷ 1.09^3 + $2,700 ÷ 1.09^4 + $2,700 ÷ 1.09^5 + $2,700 ÷ 1.09^6 + $2,700 ÷ 1.09^7

= $13,588.97

Hence, the present value is $13,588.97

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Finke Company's employees are paid each Friday for hours worked the previous week. At the end of the accounting period, Finke Co
kolezko [41]

Answer:

d. Claims exchange transaction

Explanation:

Claims exchange transaction -

It refers to any discrepancy in the claims , is referred to as claims exchange transaction .

In this case the claim of one reduces and others increases and hence the total claim remains constant .

Hence , from the given scenario of the question ,

The correct option is d. Claims exchange transaction .

6 0
3 years ago
The process specifications are 12.45 and 13.45 minutes. Based on the data given, does it appear that specifications are being me
natima [27]

Answer:

a. Yes

Based on the data given, it appears that specifications are being met.

Explanation:

a) Data and Calculations:

         Sample 1    Sample 2    Sample 3    Sample 4  Sample 5        Average

                 12.5         13.4              13.0            13.2         12.9        65       13.00

                 12.7         13.2              13.6            12.7         13.5        65.7     13.14

                 12.9         13.0              13.3            13.3         13.2        65.7     13.14

                 13.2         13.1               13.4            12.7         13.2        65.6     13.12

Totals       51.4       52.7              53.2            51.9        52.7      261.9     52.4

Average 12.85      13.17               13.3            12.97      13.17                     13.1

b) Using the law of averages, the process specifications of 12.45 and 13.35 minutes were not exceeded under any sample type.  Therefore, it can be concluded that the process specifications are being met.

6 0
3 years ago
Residents of the town of Smithfield like to consume hams, but each ham requires 10 people to produce it and takes a month. If th
Hunter-Best [27]

Answer:

10 hams

Explanation:

It is given that 10 people can produce 1 ham in a month. It is assumed that whatever is produced is consumed. So, 100 people will produce 10 hams that is 100 ÷ 10 = 10 in a month. So, 100 people can consume 10 hams, that are produced in a month.

So, residents can consume maximum 10 hams (same amount as produced) in a month.

4 0
3 years ago
The most efficient combination of resources in producing a given output is the combination that:
blondinia [14]

Answer:

Option (b) is correct.

Explanation:

(a) If a producer uses the almost same quantities of all the factors of production and if marginal output remains the same then this will lead to no gains.

(b) This is done by purchasing the combination of inputs which are yielding higher marginal outputs.

(c) This would result in a loss because all the resources are not utilized properly or we can say that resources are not used at their potential.

(d) For achieving the level of profits, labor should be devoted to the work for maintaining the higher level of growth in production.

8 0
3 years ago
Which of the following statements is true in a capitalist economy?
zepelin [54]

The answer is: b. Markets motivate individual actors to make economic decisions.

In a capitalist economy, the government has very little influence to intervene in the economy. The market is solely controlled by the power of supply and demand. When a lot of people demanded a certain type of products, people who will gain the most profit would be those who are bale to make economic decisions to fulfill the demand in the market.

6 0
3 years ago
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