A piece of property is purchased for $10,000 and yields a $1000 yearly net profit. The property

Question:

A piece of property is purchased for $10,000 and yields a $1000 yearly net profit. The property is sold after 5 years. What is its minimum price to breakeven with interest at 1O%?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Engineering Economics

ISBN: 9780195168075

9th Edition

Authors: Ted G. Feller

See More Books

Question Posted: Feb 25, 2010 06:14 AM

See More Questions

A piece of property may be acquired by making an immediate payment of $25 000 and payments of $37 500 and $50 000 three and 5 years from now, respectively. Alternatively, the property may be...
The McDonald Group purchased a piece of property for $1.2 million. It paid a down payment of 20% in cash and financed the balance. The loan terms require monthly payments for 15 years at an annual...
The McDonald Group purchased a piece of property for $1.2 million. It paid a down payment of 20% in cash and financed the balance. The loan terms require monthly payments for 15 years at an annual...
Using the framework of the marketing mix, appraise the marketing tactics of Boo.com in the areas of Product, Pricing, Place, Promotion, Process, People and Physical Evidence.
Use a graphing utility to graph the function, and use the Horizontal Line Test to determine whether the function has an inverse function. 1. g(x) = (x + 3)2 + 2 2. f(x) = 1/5(x + 2)3 3. f(x) = x 9 -...
The adjusted trial balance columns of the worksheet for Watson Company are as follows. Instructions (a) Complete the worksheet by extending the balances to the financial statement columns. (b)...
The solar constant is defined as the average flux of solar energy incident on the outer fringes of the Earth's atmosphere and a commonly used value is $1.353 \mathrm{~kW} / \mathrm{m}^{2}$. If the...
Professors Adams and Brown make up the entire demand side of the market for summer research assistants in the economics department. If Adamss demand curve is P = 50 - 2QA and Browns is P = 50 - Q B ,...
In a 150-250 word response (excluding references) and respond to any two of the following bullet points in your response. Describe the different stages a proposed product will need to go through...
In a certain type of metal test specimen, the normal stress on a specimen is known to be functionally related to the shear resistance. The following is a set of coded experimental data on the two...
Fence posts for a particular job cost $10.50 each to install, including the labor cost. They will last 10 years. If the posts are treated with a wood preservative they can be expected to have a...
Rental equipment is for sale for $110,000. A prospective buyer estimates he would keep the equipment for 12 years and spend $6000 a year on maintaining the equipment. Estimated annual net receipts...
In problem graph of the functions using the graph of functions f and g below. y = g( x-1 ) Ax) 8 g(ax)
A 50% reaction (Parsons half-degree reaction) turbine is to be designed, having a mean diameter of 0.5 m and blade height of 30 mm. The blade angles are 60 degrees at inlet and 160 degrees at outlet....
Derive the differential equation of motion for the U-tube manometer shown below and obtain the period of oscillations. You may assume that the viscosity of the liquid is negligible. Denote the...
A steam turbine is to be designed using impulse stages. The inlet pressure is 10 bar absolute and 500C and outlets to a condenser at a pressure of 0.04bar absolute. At design stage the isentropic...
b) The following Table 1 shows the number of sport shoes in one of Al-Ilman products produce by a factory in year 2023. Forecast: [Jadual 1 berikut menunjukkan bilangan kepada kasut sukan dalam...
6a. 6b. Draw free body diagrams and write equations of motion for x and 0 of the cylindrical mass in the following system. Use a right-hand coordinate system where > 0 for counterclockwise rotation....
Conservation of momentum tells us that $m v_{x}$ doesn't change for an isolated system. Now we see that in an elastic collision $m v_{x}^{2}$ also doesn't change. Does this mean that \(m...
An educational researcher devised a wooden toy assembly project to test learning in 6-year-olds. The time in seconds to assemble the project was noted, and the toy was disassembled out of the childs...
We all understand the population is ageing, and while comments that the first person to live to 150 may have already been born tend to attract some derision, it should come as no surprise. What is...
Definitional problems: Listed are eight terms that relate to financial statements: 1. Balancesheet statement 2. Income statement 3. Cashflow statement 4. Operating activities 5. Investment activities...
Rework Problem 12.23, assuming the following additional information: Option 1: The old sprayer has been fully depreciated. The new sprayer is classified as a seven-year MACRS property. Option 2: The...
Rework Problem 12.14, assuming the following additional information: The old machine has been fully depreciated. The new machine will be depreciated under the seven-year MACRS class. The marginal tax...
What is one specific security tactics to protect the network. Identify specific tools selections to accomplish compliance and audit requirement Describe how alerts would be collected and presented...
1. Solve each equation for x, where 0x & a) sin x-= 0 b) cosx-3 cosx+2=0
Explain Article III Standing, and explain how to achieve standing. b) Explain Negligence, and provide an example of a Negligence claim. c) What happened in the case of Genesco v. Visa? d) Explain the...

A piece of property is purchased for $10,000 and yields a $1000 yearly net profit. The property

Question:

Step by Step Answer:

F 10000 FP 10 5 1...View the full answer

Engineering Economics

Students also viewed these Economics questions