Answer:
Yes they should buy the new machine.
Explanation:
since the new mill produces after tax cash savings of $8,200 per year, we should calculate the net present value of the 10 cash flows in order to determine if the project is profitable or not.
using a present value annuity factor for 10 years and 12% discount rate = 5.6502
the project's NPV = ($8,200 x 5.6502) - $38,000 = $46,331.64 - $38,000 = $8,331.64
since the NPV is positive, the project is profitable.
Answer: B. Bait and switch.
Explanation: Bait and switch is a fraudulent sale tactics aim at deceiving customers by placing advertisements for a low price of a product "bait", but when the customer gets there to buy the product it become unavailable then another product with higher price is introduced to the customer " switch".
In this case Biff was made to believe he can get a Nissan for $15,000 but on arrival the salesman claims product sold out and then introduced him to a different truck with higher price which was the salesman plan initially.
Answer:
A: Volume-based methods are more accurate and allowed by GAAP.
Explanation:
FDR expected to restore the public confidence in banks once the banks are reopened because he initiated emergency suspension of all banks and made banking regulations and laws that made banks accountable and reliable.
President Franklin D. Roosevelt sought attempted to stabilise and regain public trust in the country's banking system.
The new president Franklin D. Roosevelt proclaimed a four-day banking holiday that shut down the financial sector, including the Federal Reserve. A few days after this action, the Emergency Banking Act was passed with the goal of restoring Americans' faith in banks when they reopened.
To know more about FDR's banking holiday here
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