Jenks company financed the purchase of a machine by making payments of $10, 000 at the end of each of 5 years. the appropriate rate of interest was 8%. the future value of 1 for 5 periods at 8% is 1.46933. the future value of an ordinary annuity for 5 periods at 8% is 5.8666. the present value of an ordinary annuity for 5 periods at 8% is 3.99271. what was the cost of the machine to jenks? a) $14, 794. b) $39, 927. c) $50, 000. d) $58, 667.
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Business, 22.06.2019 13:10
Lin corporation has a single product whose selling price is $136 per unit and whose variable expense is $68 per unit. the company’s monthly fixed expense is $32,400. required: 1. calculate the unit sales needed to attain a target profit of $5,000. (do not round intermediate calculations.) 2. calculate the dollar sales needed to attain a target profit of $8,400.
Answers: 3
Business, 22.06.2019 19:20
Royal motor corp. generates a major portion of its revenues by manufacturing luxury sports cars. however, the company also derives an insignificant percent of its annual revenues by selling its sports merchandise that includes apparel, shoes, and other accessories under the same brand name. which of the following terms best describes royal motor corp.? a. aconglomerate b. a subsidiary c. adominant-businessfirm d. a single-business firm
Answers: 1
Jenks company financed the purchase of a machine by making payments of $10, 000 at the end of each o...
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