K.T. Labs bought a Gene gun for $25,000. The accounting department has estimated that the machine would
Question:
K.T. Labs bought a Gene gun for $25,000. The accounting department has estimated that the machine would have an annualized capital cost of $3,880 over its 10-year service life. What salvage value was assumed in calculating the capital cost? The firm’s interest rate is known to be 10%.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 83% (6 reviews)
3880 25...View the full answer
Answered By
Pushpinder Singh
Currently, I am PhD scholar with Indian Statistical problem, working in applied statistics and real life data problems. I have done several projects in Statistics especially Time Series data analysis, Regression Techniques.
I am Master in Statistics from Indian Institute of Technology, Kanpur.
I have been teaching students for various University entrance exams and passing grades in Graduation and Post-Graduation.I have expertise in solving problems in Statistics for more than 2 years now.I am a subject expert in Statistics with Assignmentpedia.com.
4.40+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The chairperson of the accounting department has three summer courses available: Accounting 201, Accounting 202, and Accounting 305. Twelve faculty members are available for assignment to these...
-
The life in hours of a battery is known to be approximately normally distributed, with standard deviation = 1.25 hours. A random sample of 10 batteries has a mean life of hours. (a) Is there evidence...
-
A certain form of cancer is known to be found in women over 60 with probability 0.07. A blood test exists for the detection of the disease but the test is not infallible. In fact, it is known that...
-
The owner of a moving company typically has his most experienced manager predict the total number of labor hours that will be required to complete an upcoming move. This approach has proved useful in...
-
Suppose that 10 balls are put into 5 boxes, with each ball independently being put in box i with probability (a) Find the expected number of boxes that do not have any balls. (b) Find the expected...
-
What are permanent and temporary accounts? What is the relationship between them?
-
Four wires carry currents in the directions shown. A uniform magnetic field is directed into the paper as shown. Which wire experiences a force to the left? x X x x X roa X TRO x X X B. C. pyright A....
-
At December 31, 2014, the Accounts Receivable balance of GPS Technology is $ 190,000. The Allowance for Bad Debts account has a $ 1,600 debit balance. GPS Technology prepares the following aging...
-
Based on your understanding, provide an overview of career adaptability highlighting the four domains (career concern, career control, career confidence and career curiosity). In your answer,...
-
The Oprah Corporation and the Harpo Corporation have had remarkably similar earnings patterns over the last five years. In fact, both firms have had identical earnings per share. Further, both firms...
-
Consider two investments. A and B. with the sequences of cash flows given in Table P7.13. (a) Compute i * for each investment. (b) Plot the present-worth curve for each project on the same chart, and...
-
Consider the infinite cash-flow series with repeated cash-flow patterns given in Table P7.9. Determine i * for this infinite cash-flow series. TABLE P7.9 n 0 1 2 3 4 5 6 7 8 An -$2,000 900 1,200...
-
Paint by Number prepares and packages paint products. Paint by Number has two departments: (1) Blending and (2) Packaging. Direct materials are added at the beginning of the blending process (dyes)...
-
Consider the linear system: = x-3y dt = 3x-5y a) Find the general solution of the system. b) Describe the critical point (0,0) of the system using all the applicable words from the Word List below.
-
As a town gets smaller, the population of its high school decreases by 8% each year. The senior class has 250 students now. In how many years will it have about 100 students? Write an equation. Then...
-
You and your South Korean supplier are evaluating different cost reduction ideas. They have introduced a new packaging that will reduce the TV box size. With this change, the cubes / TV is reduced to...
-
An MMDA account has a minimum balance requirement of $ 1 , 0 0 0 and the depositor can have a maximum of 3 checks or transfers from the account each month. The bank pays 5 . 2 5 percent interest on...
-
Hillary is buying Halloween candy for the trick-or-treaters in her neighborhood. She bought 6 bags of miniature candy bars and 2 bags of lollipops for $42. Jack bought 5 bags of miniatures and 3 bags...
-
Distinguish between a theory and a hypothesis.
-
On July 1, 2011, Flashlight Corporation sold equipment it had recently purchased to an unaffiliated company for $480,000. The equipment had a book value on Flashlights books of $390,000 and a...
-
The cash flows for a certain project are as given in Table P6.10. Find the equivalent annual worth for this project at i = 10%, and determine the acceptability of the project. Net Cash Flow n...
-
Beginning next year, a foundation will support an annual seminar on campus by the earnings of a $200,000 gift it received this year. It is felt that 6% interest will be realized for the first 10...
-
You are considering investing $65,000 in new equipment. You estimate that the net cash flows will be $18,000 during the first year, but will increase by $2,500 per year the next year and each year...
-
V. Modern Portfolio Theory 1) How does diversification allow us to reduce portfolio risk? Explain using the formula for portfolio variance. 2) What is meant by an optimal portfolio? How is it related...
-
500 mls of a gas is collected over water at 298 K and 101.169 kpa. What is the volume of the dry gas at STP? The vp of water at that T is 3.169 kpa A) 221 mls B) 600 mls C) 350 mls D) 443 mls
-
(15 points) Your new business venture will begin operation on July 1, 20X3. You will hire staff (costing $40,000/month) effective January 1, 20X3. Collections lag billing by 3 months (in other words,...
Study smarter with the SolutionInn App