Question: How long will you have to maintain a business that has an income of $5000 per year and expenses of $1500 per year if your

How long will you have to maintain a business that has an income of $5000 per year and expenses of $1500 per year if your initial investment was $28,000 and your MARR is 10% per year?

(a) Less than 6 years

(b) 8 years

(c) 12 years

(d) 17 years


Step by Step Solution

★★★★★

3.55 Rating (166 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

217-B-E-M (1523).docx

120 KBs Word File

Students Have Also Explored These Related Economics Questions!

Q:

Using Microsoft Excel, Microsoft Project, or another project management software tool, develop a Work Breakdown Structure (WBS) for a project of interest, such as developing a website, building a...

Q:

How long will you have to sell a product that has an income of $5000 per month and expenses of $1500 per month if your initial investment is? $28,000 and your MARR is (a) 0% (b) 3% per month? Solve...

Q:

You are considering investing in a business that has monthly fixed costs of $5,500 and sells a single product that costs $35 per unit to make. This product sells for $90 per unit. What is the annual...

Q:

A poor person who has an income of $1,000 receives $100 worth of food stamps. Draw the budget constraint if the food stamp recipient can sell these coupons on the black market for less than their...

Q:

What is the discounted payback period for a business that has an income of $5000 per year and expenses of $1500 per year if your initial investment was $23, 800 and your MARR is 10% per year? A. Less...

Q:

What is the discounted payback period for a business that has an income of $5000 per year and expenses of $1500 per year if your initial investment was $23, 800 and your MARR is 10% per year? A. Less...

Q:

What is the discounted payback period for a business that has an income of $5000 per year and expenses of $1500 per year if your initial investment was $23,800 and your MARR is 10% per year? A. Less...

Q:

4. 8.28 You work part time selling mobile phone ads on a commission basis. (a) Using factors and a spreadsheet, determine the number of years you would have to work to break even, if income is...

Q:

What is the discounted payback period for a business has an income of $5000 per year and expenses of $1500 per year if your initial investment was $23, 800 and your MARR is 10% per year? A. Less than...

Q:

FIRE 623 Graded Case Assignment - Mid-Atlantic Container Corporation 100 points Due December 4, 2019 at 7:00 pm 1) Assess the current financial health and recent financial performance of the company....

Q:

Task 2 (10 points). Note: In this question you should assume that the activation function of a perceptron is the step function. More specifically, this function: outputs 0 if the weighted sum of...

Q:

Explain how tunneling works in general and especially for mobile IP using IP-in-IP, minimal, and generic routing encapsulation, respectively. Discuss the advantages and disadvantages of these three...

Q:

Determine the population variance and standard deviation for the following data by using the original formula. Class f 20under 30 ........ 7 30under 40 ........11 40under 50 ........18 50under 60...

Q:

Complete this works-cited entry for a print cartoon with the correctly formatted date and page number. Bramhall, Bill. "Bramhall's World: Mars Refugee." New York Daily News, Date, Page. 21.November...

Q:

Do you think consumers supporting brands and companies that strive to benefit society are a trend that will continue? Why or why not?

Q:

What evidence would a company use to generate the type of uncollectible accounts percentages given in the case? Given those percentages, what is the fair value of China Netcoms accounts receivable?...

Q:

Byrd Co. uses the percentage-of-receivables basis to record bad debt expense and concludes that 2% of accounts receivable will become uncollectible. Accounts receivable are $400,000 at the end of the...

Q:

Evaluate the 110 billion yuan price tag for the purchase of China Unicoms CDMA network and operations by China Telecom. Do you think China Telecom is paying too much or too little? Defend your...

Q:

Evaluate the 165 billion yuan price tag for the acquisition of China Netcom by China Unicom. Do you think the price is too high or too low? Defend your answer. Industry Shakeup Creates 3 Telecom...

Q:

Let E[Y ] , 2 E h Y 2 i and 3 E h Y 3 i and consider the sample mean Y 1n Pni 1 Yi . Find E Y 3 as a function of , 2, 3 and n.

Q:

Answer the problem on the basis of the given graph and the most likely estimates given as follows: Graph: Variations in the profit and useful life of the project are inversely related. (a) True (b)...

Q:

Answer the problem on the basis of the given graph and the most likely estimates given as follows: Graph: If the profit (RE) is decreased by 5%, this project is not profitable. (a) True (b) False

Q:

Consider these two alternatives for solid-waste removal Alternative A:Build a solid-waste processing facility. Financial variables are as follows: Alternative B:Contract with vendors for solid-waste...

Q:

Answer each independent question, (a) through (e) below a. Project A costs $5,000 and will generate annual after-tax net cash inflows of $2,000 for 5 years. What is the payback period for this...

Q:

question 18-1 Which one of the following statements regarding time-series methods is FALSE? Select one: a. In an exponential smoothing model a larger value for alpha results in greater emphasis being...

Q:

650-Q2 You are trying to take a sample from a large population, and need to determine the appropriate sample size. You are estimating sales at a large chain of department stores. A previous survey...