A company that manufactures food-grade oil is considering a proposal to construct a large tank to store
Question:
A company that manufactures food-grade oil is considering a proposal to construct a large tank to store raw, unrefined oil. This will permit the company to buy raw oil at a more favorable price and stockpile it. The cost of the tank is $150,000. The tank is expected to last for 30 years with a salvage value of $10,000 at that time. The anticipated annual savings resulting from stockpiling the raw oil is estimated to be $25,000. Determine the rate of return for this proposal.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Thermal Energy Systems Design And Analysis
ISBN: 9781138735897
2nd Edition
Authors: Steven G. Penoncello
Question Posted:
Students also viewed these Computer science questions
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Complete the cash flow statement on the Excel worksheet and submit your answers. Kyunggong Co., Ltd. is a company that manufactures and sells medical devices. The company was established 14 years...
-
CASE: THE SOUND'S ALIVE COMPANY Marissa Jones is the president and CEO of Sound's Alive, a company that manufactures and sells a line of speakers, CD players, receivers, high-definition televisions,...
-
Using Exhibit 12-1, determine the life expectancy of a 40-year old male.
-
1. Based on the principles of LMX theory, what observations would you make about Carly's leadership at Mills, Smith, & Peters? 2. Is there an in-group and out-group, and, if so, which are they? 3. In...
-
The Fourth Amendment requires that probable cause exist before a defendant is arrested or searched. Which of the following levels of evidence is necessary to show probable cause? a. Less than...
-
Analyze the main reasons for HRIS implementation failure. How can we prevent these from affecting us?
-
Miller Corporation is considering replacing a machine. The replacement will reduce operating expenses (that is, increase earnings before depreciation, interest, and taxes) by $16,000 per year for...
-
Context: Flex seal, a family owned business, in Weston Florida was founded in 2011. It is a known American brand that specializes in adhesive bonding products. The start of their product line was the...
-
In a paper mill, a new conveyor system is being considered to move the freshly chipped wood to the next stage in the production line. The cost of the new conveyor is $55,250. Yearly operating and...
-
The WMHX (We Make Heat Exchangers) company has created an investment plan to fund the next generation heat exchanger they plan to develop. The plan calls for an initial investment of $7 million,...
-
In Exercises 5 and 6, the transition matrix P for a Markov chain with states 0 and 1 is given. Assume that in each case the chain starts in state 0 at time n = 0. Find the probability that the chain...
-
A husband and his wife are killed in an accident. Their estate is probated and after all the bills are paid, it nets out at $ 1,350,000. At a combined federal and state tax rate of 10%, how much...
-
Sludge has been mechanically dewatered to 20 % total solid content. From total solids, 75% is organic matter (VS) and 50% of organic matter is assumed to be biodegradable (BVS). It is assumed that...
-
Assume the following data for 136,000 units of a product that Water Source Company expects to produce and sell during the current year: Manufacturing costs: Direct materials $1,471,000 Direct labor...
-
Risk factors can lead to adversity. Protective factors can lead to resilience. We've learned that ACEs are common. So is resilience! We know that the research on ACEs is FACT, but the statistics...
-
On November 23, the company purchased 9,500 shares of Citi Inc. at $27 per share for the purpose of trading. The shares are less than 7% of the total shares of Citi Inc. and are a non-strategic...
-
The following information was drawn from the annual report of Machine Import Company (MIC): Required a. Compute the percentage of growth in net income from 2009 to 2010. Can stockholders expect a...
-
Critical reading SAT scores are distributed as N(500, 100). a. Find the SAT score at the 75th percentile. b. Find the SAT score at the 25th percentile. c. Find the interquartile range for SAT scores....
-
Draw timing diagrams for the circuits in Figures 6.43 and 6.47, assuming the same changes in a and b signals for both circuits. Account for propagation delays. a b Full adder Y carry-out Clock Reset...
-
Go to a Web site such as www.bankrate.com that has calculators to derive an amortization table. a. Determine the monthly payment on a $200,000 fifteen-year mortgage with a 5% interest rate. b. Now...
-
Find a questionnaire on the Web that has been created to capture customer information. Describe the purpose of the survey, the way questions are worded, and how the questions have been organized. How...
-
Manufacturing costs for Davenport Company during 2018 were as follows: Beginning Finished Goods, January 1 Beginning Raw Materials, January 1 Beginning Work in Process, January 1 Direct Labor for the...
-
Mills Corporation acquired as a long-term investment $300 million of 6% bonds, dated July 1, on July 1, 2024. Company management has the positive intent and ability to hold the bonds until maturity....
-
The following data pertain to ABC Company (assume a perpetual inventory system) for the month ended January 31, 2019: Date Description Units Unit Cost Unit Selling Price Jan.1 Beg. Inventory 5...
Study smarter with the SolutionInn App