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
8090 [49]
3 years ago
13

Natural gas is often priced in units of dollars per therm. One therm equals 100,000 BTUs . A certain family uses 600 therms of e

nergy to heat its home annually using a natural gas furnace that is 80 percent efficient. The family is considering replacing its current furnace with one that is 96 percent efficient. Assuming the cost of a therm is $0.30.
Required:
What would be the family's annual savings in the cost of home heating?
Business
1 answer:
ololo11 [35]3 years ago
7 0

Answer:

-$28.8.

Explanation:

Note, we were told,

  • to assume the cost of a therm is $0.30
  • the family uses 600 therms of energy annually.

<u>Savings on old furnace:</u>

  • 600 * $0.30 * 0.80 (or written as 80%) = $144

<u>Savings on new furnace:</u>

  • 600 * $0.30 * 0.96 (or written as 96%) = $172.8

Difference: $144 - $172.8 = -$28.8.

You might be interested in
Lendell Company has these comparative balance sheet data: Additional Information for 2017: Net income was $25,000. Sales on acco
NARA [144]

The Current ratio equals 2.9, the Accounts receivable turnover equals 5.77 and Average collection period equals 63 days.

<h3>What is Current ratio?</h3>

= Current Assets / Current Liabilities

= 145,000 / 50,000

= 2.9

<h3>What is Accounts receivable turnover?</h3>

= Net sales / Average Accounts Receivable

= 375,000 / )(70,000 + 60,000) / 2)

= 5.76923076923

= 5.77

<h3>What is Average collection period?</h3>

= 365 Days /Average Receivable Turnover ratio

= 365 / 5.77

= 63.2582322357

= 63 days

Read more about Current ratio

<em>brainly.com/question/2686492</em>

8 0
2 years ago
On January 1, Year 7, Colorado Corp. purchased a machine having an estimated useful life of 8 years and no salvage value. The ma
shepuryov [24]

Answer:

D) $0

Explanation:

The depreciation method changed, but the previous depreciation expense has already been recorded and subject to taxes. Therefore the new straight line depreciation should start with the remaining asset value and calculate the depreciation expense for the remaining 6 years:

For example, if the purchase value was $1,200,000 (= $300,000 x 4), the remaining value would be $675,000 then the depreciation expense will be $112,500 per year during the next 6 years starting on year 9.

5 0
3 years ago
Two years​ back, the Republic of​ Terbia, a developed​ economy, experienced a massive boom in the information technology​ (IT) i
lubasha [3.4K]

Answer:

D. Consumers in Terbia are confident that the economy will turn around in the near future.

Explanation:

Please consider the information provided by you in the exercise. If you have any question please write me back. Please take a look to the image attached.

4 0
3 years ago
Newman Finley wishes to become a millionaire. His money market fund has a balance of $296,375 and has a guaranteed interest rate
Rus_ich [418]

Answer:

Investment period = 24 years

Explanation:

The total amount that an investment made today would become  if invested at a particular rate for certain number of years is known as the future value.

The $1,200,000 is the desired future value, the $296, 375 is the present value and the 6% is the interest rate.

FV = PV × (1+r)^n

1,200,000 = 296,375 × (1.06)^(n)

(1.06)^(n) = 1200000/96,375

(1.06)^(n) =4.048924504

find the log of both sides

n log 1.06= log 4.048924504

n= log 4.048924504/log 1.06

n = 24

It will take 24 years

3 0
3 years ago
Measures that help to solve economic problems are called ​
Romashka-Z-Leto [24]

Economic stimulus Answer:

Explanation:

8 0
3 years ago
Other questions:
  • Vending machines are most often used to sell:
    15·1 answer
  • Why did the natural environment receive so much attention under new deal programs, and with what result?
    15·1 answer
  • "An asset used in a four-year project falls in the five-year MACRS class for tax purposes. The asset has an acquisition cost of
    14·1 answer
  • Ski resorts are interested in the mean age that children take their first ski and snowboard lessons. They need this information
    11·1 answer
  • The adjusted trial balance of Antoine Corporation at December 31 shows that sales revenue for the year was $ 520 comma 000 and o
    15·1 answer
  • If the equilibrium price of solar panels is $200 per panel, but a price ceiling of $150 per panel is imposed, what happens to th
    7·1 answer
  • For purposes of computing depreciation on the taxpayer's home for the home office deduction, the depreciable basis of the home i
    10·2 answers
  • Tim received a letter from his state college stating that he had been expelled from the school. The letter stated his finance pr
    5·1 answer
  • A company just starting business made the following four inventory purchases in June: June 1 150 units $ 390 June 10 200 units 5
    8·1 answer
  • Dividing work into small units and assigning it to individuals are tasks related to:___.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!