On September 1, 2017, Valdez organization reacquired 1,000 stocks of not-unusual stock the business enterprise makes use of the fee method to account for treasury stock. The magazine entry to document the reacquisition of the inventory should debit Treasury stock for $450,000.
A stock is a fashionable term used to describe the ownership certificate of any organization. A proportion, however, refers to the stock certificate of a specific organization. retaining a specific enterprise's percentage makes you a shareholder. Description stocks are of two sorts commonplace and desired.
A debit is an accounting entry that results in either a boom in property or a decrease in liabilities on an organization's stability sheet. In essential accounting, debits are balanced via credit, which operates in the exact opposite route.
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What step of the scientific method involves a cosmetologist trying to determine what is behind a clients issue that needs to be addressed? 
A) Identify the problem
B) Develop the explanation
C) Predict future events
D) Test predictions
I’m so stuck on this question cause I would say all of above but there is no selection for that so I just want a second opinion.
Answer:
A) Identify the problem is the correct answer.
Explanation:
The scientific method is a systematic approach to solving problems and answering questions that involves the following steps:
Identify the problem: This is the first step in the scientific method and involves identifying a problem or question that needs to be addressed. In the case of a cosmetologist trying to determine what is behind a client's issue, this step would involve identifying the specific problem that needs to be addressed, such as a particular skin condition or hair issue.
Develop a hypothesis: After the problem has been identified, the next step is to develop a hypothesis, or an educated guess, about what might be causing the problem.
Test the hypothesis: The third step involves conducting experiments or observations to test the hypothesis.
Analyze the results: This step involves analyzing the data collected during the testing phase to see if the hypothesis was supported or not.
Draw conclusions: Based on the analysis of the results, the final step is to draw conclusions about the problem and communicate the findings to others.
Therefore, the step of the scientific method that involves a cosmetologist trying to determine what is behind a client's issue that needs to be addressed is A) Identify the problem.
Select the scenario that best describes the recommended approach for developing team goals.
a. When writing his team's goals, Danny asks a friend from a separate department for a second opinion.
b. John asks each team member to write a goal so that the team can then vote on whose idea is best.
c. Emma shares the goals with her team gradually over the course of the project so as not to cause unnecessary stress.
d. Michaela and her team create goals that balance the strengths, roles, and responsibilities of individual team members.
Answer:
d. Michaela and her team create goals that balance the strengths, roles, and responsibilities of individual team members.
Explanation:
Development of team goals is most effective when the set targets are effectively being achieved by the team as a whole.
This entails that each team member contribute their own quota to the process.
The whole team is now involved in execution of planned actions.
The best statement that portrays this is: Michaela and her team create goals that balance the strengths, roles, and responsibilities of individual team members.
yes loloolololololoolloolololololololoolololololol
Answer:
yup the true maeningnof lol Is laugh aloud or lots of love depending on how it's used
Drag each label to the correct location on the image.
Identify the parts of the database table.
All of the data in a database is stored in tables, which are database objects. Data is logically arranged in tables using a row-and-column layout akin to a spreadsheet. Each column denotes a record field, and each row denotes a distinct record.
A table is a group of related data stored in a database in a table format. There are rows and columns in it. A table is a collection of data components that use a model of vertical columns and horizontal rows in relational databases and flat file databases. The unit where a row and column cross is called a cell.
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What is the purpose of the loans made by the World Bank?
promote sustainable development
stabilize the currency exchange market
generate revenue for the united nations
get countries to accept free trade policies
Answer: promote sustainable development
Explanation:
The purpose of the loans made by the World Bank is to promote sustainable development.
The World Bank is owned by many nations 187 countries and its main role is to help on the reduction of poverty, improve the people's standard of living and also bring about economic growth and development.
Which of the following is true if you find a better rate on an external 3rd party channel within 24 hours of making a reservation through one of Marriott's direct channels?
If you find a better rate on an external 3rd party channel within 24 hours of making a reservation through one of Marriott's direct channels, the Marriott’s Best Rate Guarantee policy comes into effect.
Marriott’s Best Rate Guarantee policy is a commitment to providing the lowest rate possible. If you find a lower rate within 24 hours of booking through one of Marriott’s direct channels, Marriott will match that rate and offer an additional discount of 25%.
This policy applies to any Marriott brand including Ritz-Carlton, St. Regis, Westin, Sheraton, Aloft, and othersYou need to first book your reservation through Marriott’s direct channels like Marriott.com, the Marriott Mobile app, Marriott Bonvoy app, the Marriott Reservation Center, or directly with the hotel.
After that, you should look for lower rates on other third-party websites. If you find a lower rate within 24 hours, contact Marriott’s Customer Care team, and they will match that rate plus an additional discount of 25%.The policy does come with some terms and conditions.
The lower rate you find on the third-party website must be for the same hotel, same room type, same dates, same number of guests, same currency, and with the same booking conditions. It also excludes rates that are only available to members of certain groups or organizations, package rates that include flights, car rentals, and other amenities, and rates that are not available to the general public
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Just before the year ended, a company offered to buy 4,120 units for $14.95 each. X Company had the capacity to produce the additional 4,120 units, but because the special order product was slightly different than the regular product, direct material costs were expected to increase to $2.40 per unit, and some special equipment would have to be rented for a total of $19,000.
Sales $1,225,500
Cost of goods sold 521,805
Gross margin $703,695
Selling and administrative costs 153,510
Profit $550,185
Fixed cost of goods sold for the year was $130,935, and fixed selling and administrative costs were $72,885. The special order product has some unique features that will require additional material costs of $0.90 per unit and the rental of special equipment for $3,000. Assume the following fact: regular variable selling and administrative costs include sales commissions equal to 4% of sales, but there will be no sales commissions on the special order. This will cause the special order profit to increase by:__________
Answer:
4%
Explanation:
Profit on special order = 7847.7 or 7848 Selling price 11 Variable cost special material 0.72 Cost of goods sold 6.69 Selling and administrative cost 1.02 Total variable cost per unit Particulars Per Unit 64500 Units Sales 19 1225500 Less: Variable cost Cost of Goods Sold (521805-130935) 6.06 390870 Sales commission (Sales*4%) 0
Write a pin introducing yourself to the class, and addressing one or more of the following questions.
[NOTE: do not feel that you have to post a response to ALL of these questions - just select one or more to which you'd like to provide a response.]
1) How would each of the three views assess the U.S. corporations' practice of offshoring their manufacturing operations to lower cost locations? Is it wrong for international managers to do this?
2) From the "Uber" mini-case in the Hill & Hult textbook: what are the pros/cons of Uber's Global Strategy? What could Uber have done differently?
3) From the "Boeing" mini-case in the Hill & Hult textbook: Do you think that Boeing's most recent decision to rethink its outsourcing strategy is correct?
4) From the "Medical Tourism" mini-case in the Hill & Hult textbook: What are the benefits to American medical providers of outsourcing certain well-defined tasks such as interpreting an MRI scan to foreign providers in countries such as India? What would Economic Nationalists in the United States say about this? How would Liberals defend this practice?
Based on my own opinion, i will say that From the "Boeing" mini-case in the Hill & Hult textbook, I do think that Boeing's most recent decision to rethink its outsourcing strategy is correct.
Why did Boeing restructure and outsource the project operations?The reason for the outsource is so that they can lower the costs and and the time spent on development.
Note that Boeing was known to have created about 787 through the use of a system that is said to be an unconventional three-tier supply chain.
Note that The implementation of this was said to have led to a substantial increase in outsourcing.
Hence, Based on my own opinion, i will say that From the "Boeing" mini-case in the Hill & Hult textbook, I do think that Boeing's most recent decision to rethink its outsourcing strategy is correct.
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various states are trying to reduce the time and cost of settling vehicle injury cases. one alternative is
Several states are attempting to speed up and lower the cost of the settlement of auto accident lawsuits. Using the no-fault system is one option.
What is meant by cost?The term "cost" describes any expense a corporation faces when producing its products or rendering its services. It is essentially the amount of money businesses spend on buying and selling goods. The four main categories of costs are fixed costs, variable costs, direct costs, and indirect costs.Cost can mean a variety of things. It is the value of money that we spent to produce something in accounting, retail, research, and production. Therefore, it is no longer possible to use that money. In business, the phrase may refer to the sum of money used to purchase something.The three different forms of product costs labour, materials, and overhead as well as period costs are known as the Elements of Cost.To learn more about cost, refer to:
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What are some of the suggestions that financial expert Beth Kobliner gives to D.Woods regarding controlling spending and increasing savings
Answer:
Pay yourself first, distinguish between needs and wants, automatic deposit
Explanation:
Some of the suggestions given by financial expert Beth Kobliner to D. Woods are mentioned below:
Pay yourself first
It is the key concept of personal finance. The term does not mean about receiving a paycheck rather it is a money-saving method that simply requires one to save money for long-term and future needs. Examples of such could be depositing money into retirement accounts, buying insurance, or depositing money into a savings account.
Distinguish between needs and wants
Another suggestion by Beth Kobliner was the distinction between needs and wants. As needs are something that one requires to survive while wants are something one can live without. From the financial perspective view, an individual must be able to prioritize between what is needed to sustain life and what can be delayed as it is a luxury.
Automatic deposit
This refers to the payment to the recipient's bank account immediately and without any waiting period. This method is an electronic service and replaces the old-fashioned way of sending paper check mails. With the deletion of the paper check method in exchange for using direct deposits, the risk of wages being stolen is eliminated. This way direct deposits are a simple and flexible solution for employees.
Brockman Corporation's earnings per share were $3.50 last year, and its growth rate during the prior 5 years was 11.6% per year. If that growth rate were maintained, how many years would it take for Brockman's EPS to triple?
Select the correct answer.
a. 12.41
b. 10.01
c. 2.81
d. 7.61
e. 5.21
It would take 10.01 years for Brockman's EPS to triple.
What is future value?
The future value of the current earnings per share of $3.50 is its future worth in future years if it continues to increase at its growth rate of 11.6%, hence, based on the future value formula for a single cash flow below, we can determine the number of years it takes the EPS to triple:
FV=PV*(1+r)^N
FV=tripled EPS=$3.50*3=$10.50
PV=present EPS=$3.50
r=annual growth rate=11.6%
N=number of years it takes EPS to triple=unknown
$10.50=$3.50*(1+11.6%)^N
$10.50/$3.50=(1+11.6%)^N
3=1.116^N
take log of both sides
ln(3)=N ln(1.116)
N=ln(3)/ln(1.116)
N=10.01
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The Lerner index in the paper industry is 0.58. Based on this information, a firm charging $3.25 per ream of paper should have a marginal cost of:
Answer:
Marginal cost = $1.365
Explanation:
The formula for calculating Learner Index is as follows:
Learner Index = (P - MC) / P
0.58 = (3.25 - MC) / 3.25
3.25 - MC = 0.58*3.25
3.25 - MC = 1.885
MC = 3.25 - 1.885
MC = $1.365
During its first year of operations, Kingbird, Inc. had credit sales of $3,875,000, of which $440,000 remained uncollected at year-end. The credit manager estimates that $18,900 of these receivables will become uncollectible.(a)Prepare the journal entry to record the estimated uncollectibles. (Assume an unadjusted balance of zero in Allowance for Doubtful Accounts.) (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
The credit manager estimates that $18,900 of these receivables will become uncollectible. The journal entry to record the estimated uncollectible is \(2.146065*10\).
Receivables, loans, or other debts with essentially zero prospect of being paid off are considered accounts uncollectible. A debt may become uncollectible for a variety of reasons, such as the debtor's bankruptcy, an inability to locate the debtor, the debtor's fraud, or a lack of adequate documents to support the existence of the debt. In California, the statute of limitations typically lasts four years for consumer debts resulting from written contracts. This covers debts from credit card, auto, personal, private student, and medical loans. For creditors, any quantity of uncollectible debt results in a loss.
Based on the given conditions, formulate:
18900*440000/3875000
Calculate
18900*440000/3875000
Reduce
\(756*88/31=66528/31=2.146065*10^{3}\)
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Which two of these are essential for completing an initial mortgage loan application?
Home purchase price
Proof of income
Current debts and credit history
Name of insurance agent
$2,500 in savings
Answer:
2 and 3
Explanation:
Proof of income and Current debts and credit history
The actuarial gains or losses that result from changes in the projected benefit obligation are called Group of answer choices Liability Gains & Losses None of the above Asset or Liability Gains & Losses Asset Gains & Losses
Answer: Liability Gains & Losses
Explanation:
The Projected Benefit Obligation refers to the present value of the amount that a company owes its employees as pension if its employees retire with the company so this is a liability to the company.
If this PBO is to change therefore and actuarial gains or losses are recorded from this change, they would affect the liabilities of the company and would therefore have to be referred to as liability gains and losses.
A firm's marketing mix consists of 4 major components, which are generally referred to as the four
A firm's marketing mix consists of 4 major components, which are generally referred to as the four: Ps.
What are marketing mix?Marketing mix can be defined as what a company or an organization used to distinguish its selves from other competitors so as to have a competitive advantage over others companies that sells the same or similar goods as theirs.
The four marketing mix which are the 4Ps are:
ProductPricePlacePromotionTherefore the marketing mix are the 4Ps.
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Two real estate companies, Century 21 and RE/MAX, compete with one another in a local market. The manager of the Century 21 office would like to advertise that homes listed with RE/MAX average more than 10 days on the market when compared to homes listed with his company. The following data shows the sample size and average number of days on the market
for the two companies along with the population standard deviations.
Sample mean
Sample size
Population standard deviation
Century 21
122 davs
36
32 davs
REMMAX
144 davs
30
35 davs If Population 1 is defined as RE/MAX and Population 2 is defined as Century 21, and using a =
0.10, the critical value for this hypothesis test would be
A) 1.28
B) 1.645
C) 1.96
D) 2.33
For this hypothesis test, the critical value would be 1.28.
Early types of hypothesis testing were utilised in the 1700s, while the practise gained popularity in the early 20th century. In order to analyze the human sex ratio at birth, Pierre-Simon Laplace (1770s) is credited with using the method initially, followed by John Arbuthnot (1710).
While Jerzy Neyman and Egon Pearson (the father of Karl Pearson) invented the hypothesis test, Ronald Fisher ("null hypothesis," "analysis of variance," "significance test"), William Sealy Gosset ("Student's t-distribution"), and Karl Pearson ("p-value," "Pearson's chi-squared test," and "significance test") are largely credited with the invention of modern significance testing.
Initially a Bayesian in statistics (Zabell 1992), Ronald Fisher soon became weary of the subjectivity involved and set out to create a more "objective" approach to inductive reasoning.
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Choose a side. Based on the evidence, which perspective do you agree with more? Write a paragraph to identify your position. Use evidence to explain your choice.
Claim: The Federal Reserve plays a positive role in the U.S. economy by effectively managing monetary policy and promoting economic stability and growth.
How does the Federal Reserve contribute to economic stability?The Federal Reserve has main role of maintaining price stability, promoting full employment and fostering sustainable economic growth. Through its control over monetary policy, the Federal Reserve uses various tools such as open market operations.
Its control reserve requirements and interest rate adjustments to manage the money supply and influence interest rates. By doing so, the Federal Reserve aims to stabilize inflation and minimize fluctuations in economic activity.
The evidence suggests that the Federal Reserve's actions have had a positive impact on the U.S. economy. For instance, during the 2008 financial crisis, its implemented extraordinary measures to stabilize the financial system including providing liquidity support to banks and implementing unconventional monetary policies like quantitative easing.
Full question:
Make a claim about the positive role the Federal Reserve serves in the U.S. economy. Use evidence from your research to support your claim ased on the evidence, which perspective do you agree with more?
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What is Supply Chain?
Answer:
Hello, I'm here to help you.
Explanation:
Supply Chain: Is a network between a company and its suppliers to produce and distribute a specific product or service.
importance of economic growth
Answer:
Economic growth generates job opportunities and hence stronger demand for labour, the main and often the sole asset of the poor. In turn, increasing employment has been crucial in delivering higher growth.
The owner of land owes which of the following duties to a trespasser? *
to refrain from doing the trespasser intentional harm
to warn them of known dangers
to conduct reasonable searches for dangers
all of the above
Answer:
All of the above
hope it helped you
In the context of marketing management philosophies, a sales orientation aims at
Answer:
In the context of marketing management philosophies, a sales orientation aims at: Pushing manufacturers' products more aggressively to achieve high profits. A production orientation philosophy focuses on: Assessing the resources of a firm.
Which examples demonstrate common education and qualifications for Counseling and Mental Health Services careers? Check all that apply.
1. Soo uses leadership skills to guide a group of people in religious worship.
2. Jacqueline stays calm even when counseling patients who are angry or upset.
3. Brent uses math skills to help people fill out financial paperwork.
4. Nakisha provides therapy to families and has a master’s degree in Psychology.
5. Tao pays close attention to what patients say and how they behave during counseling sessions.
6. Adam lifts and carries young children while playing with them outdoors.
Answer:
Jacqueline, Nakisha, Tao or B, D, E
Explanation:
got it right
Answer:
B. Jacqueline stays calm even when counseling patients who are angry or upset.
D. Nakisha provides therapy to families and has a master’s degree in Psychology.
E. Tao pays close attention to what patients say and how they behave during counseling sessions.
Explanation:
edge 2021 :)
stay safe and good luck <3
What accounting book is used to capture changes to the trial balance
The accounting book used to capture changes to the trial balance is the general Journal.
The general journal is a chronological record of all financial transactions that affect account balances, including adjustments and corrections. It is where entries are first recorded before being posted to the appropriate accounts in the general ledger.
Journal entry refers to the process of entering business transactions in a journal called a Journal, which is then used to prepare the company's financial statements. The journal data will be extracted in order to create a ledger report.
The general journal assists in maintaining an accurate and full record of all modifications made to the trial balance, assuring the accounting system's integrity.
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How do answer this question?
To calculate the Percent change the formula applied as
A. Percent Change = ((New Value - Old Value)/Old Value) x 100
Year 2: ((66-60)/60) x 100 = 10.00%
Year 3: ((72-66)/66) x 100 = 9.09%
Year 4: ((81-72)/72) x 100 = 12.50%
Year 5: ((94-81)/81) x 100 = 16.05%
Year 6: ((160-94)/94) x 100 = 70.21%
Year 7: ((270-160)/160) x 100 = 68.75%
Year 8: ((450-270)/270) x 100 = 66.67%
B. Calculation of percent change for the entire period
Percent Change = ((Final Value - Initial Value)/Initial Value) x 100
((450-60)/60) x 100 = 650.00%
C. Based on the information presented, it is difficult to say whether this is a bubble or not. While there are significant percentage gains during the eight-year period, meanwhile fluctuation is also observed in percent change.
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QUESTION 4: PROGRESS REPORT On the 20th of April 2023, The campus manager, Mr Manoto, requested the secretary in the SRC office, to compile a report on the progress of the revival day planning. In your report tasks that are completed are invitations for special guests and booking of live performers; the task committee is still busy with finalizing the design of the banners and T-shirt and sports bottle printing. Due to overspending on budget, you still have not booked catering and security for the day. Your report must be in memo format.
A sample memo based on the given question prompt is given below:
The MemoMemorandum
To: Mr. Manoto, Campus Manager
From: SRC Office Secretary
Date: April 20th, 2023
Subject: Progress update for Revival Day planning
Esteemed Mr. Manoto,
Please find below a status report detailing advancements made in the preparations of the upcoming Revival Day ceremony. We have accomplished issuing invitations to prominent guests and securing prominent musical acts. Our committees are putting the finishing touches to banner design, T-shirt outfits, as well as customizing sport water bottles.
Conversely, budgetary concerns impede us from booking security or catering caterers essential for event operations. However, we are investigating ways to cut expenses while still delivering quality service. We will be prompt with updates about progress made through these alternative strategies.
Thank you for your kind ownership in this venture; rest assured that our team is steadfastly dedicated to ensuring an excellent Revival Day rally session.
Yours faithfully,
[Your name]
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6. Determine the estimated sales if 40 contacts are made. 17. FILE A recent article in Bloomberg Businessweek listed the "Best Small Compa- nies." We are interested in the current results of the companies' sales and earnings. A random sample of 12 companies was selected and the sales and earnings, in millions of dollars, are reported below. Company Papa John's International Applied Innovation Integracare Wall Data Davidson & Associates Chico's FAS X Sales Earnings ($ millions) ($ millions) $89.2 18.6 18.2 71.7 58.6 46.8 $4.9 4.4 1.3 Company Checkmate Electronics Royal Grip M-Wave Serving-N-Slide 8.0 6.6 Daig 4.1 Cobra Golf X M Sales Earnings ($ millions) ($ millions) $17.5 11.9 19.6. 51.2 28.6 69.2 $2.6 1.7 3.5 8.2 6.0 12.8 Let sales be the independent variable and earnings be the dependent variable. a. Draw a scatter diagram. b. Compute the correlation coefficient. c. Determine the regression equation. d. For a small company with $50.0 million in sales, estimate the earnings. orting in several rec
a The scatter diagram is attached .
b The correlation coefficient is 0.77. This indicates that there is a strong positive linear relationship between sales and earnings.
b The regression equation is y = 0.09x + 2.2. This equation can be used to predict earnings from sales.
d If a small company has $50.0 million in sales, the estimated earnings are $41.2 million.
How to explain the workingEnter the data into a spreadsheet.
Company Sales (millions of dollars) Earnings (millions of dollars)
Papa John's International 89.2 18.6
Applied Innovation 18.2 4.4
Integracare 71.7 1.3
Wall Data 58.6 4.9
Davidson & Associates 46.8 4.6
Chico's FAS 42.0 2.6
Checkmate Electronics 36.0 2.2
Royal Grip 30.0 1.7
M-Wave 24.0 1.5
Serving-N-Slide 18.0 1.3
Daig 12.0 1.1
Cobra Golf 6.0 0.8
Step 2: Use the "Scatter" function to create a scatter diagram.
The scatter diagram shows that there is a positive linear relationship between sales and earnings.
Use the "Correlation" function to calculate the correlation coefficient.
The correlation coefficient is 0.77. This indicates that there is a strong positive linear relationship between sales and earnings.
Use the "Regression" function to calculate the regression equation.
The regression equation is y = 0.09x + 2.2. This equation can be used to predict earnings from sales.
Substitute 50 for x in the regression equation to calculate the estimated earnings.
When x = 50, y = 0.09 * 50 + 2.2 = 41.2.
Therefore, if a small company has $50.0 million in sales, the estimated earnings are $41.2 million.
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introduction of business presentation on investment: securities
Securities play a vital role in modern investment portfolios, providing individuals and organizations with opportunities to grow their wealth and achieve their financial goals.
Securities are financial instruments that represent ownership or a creditor relationship with a corporation, government, or other organizations. They are tradable assets, such as stocks, bonds, mutual funds, and exchange-traded funds (ETFs).
The primary goal of investing in securities is to generate returns through capital appreciation, income generation, or a combination of both. By investing in securities, individuals and businesses can diversify their portfolios, mitigate risks, and potentially earn higher returns than traditional savings accounts.
Securities offer various advantages to investors. Stocks provide an ownership stake in a company, offering potential capital gains and dividend income. Bonds, on the other hand, represent loans made to governments or corporations and offer fixed interest payments. Mutual funds and ETFs enable investors to pool their money and gain exposure to a diversified portfolio managed by professionals.
Investing in securities requires careful consideration of individual risk tolerance, investment horizon, and financial objectives. It is crucial to conduct thorough research, analyze market trends, and seek professional advice when making investment decisions.
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You are given the following facts about a 40% owner of an S corporation, and you are asked to prepare her ending stock basis.
Owner's beginning stock basis $36,800
Increase in AAA 32,000
Increase in OAA 6,300
Payroll tax penalty 2,140
Tax-exempt interest income 4,800
Life insurance premiums paid (nondeductible) 2,700
Owner's purchases of additional stock 22,000
Answer:
$74,120
Explanation:
Preparation of her ending stock basis
ENDING STOCK BASIS:
Beginning stock basis $36,800
Add:Increase in AAA $12,800
(.40 * $32,000)
Add:Increase in OAA $2,520
(.40 * $6,300)
Add:Stock purchase $22,000
Total Ending stock basis $74,120
Therefore her ending stock basis is $74,120
Machines J and K have the following investment and operating costs: Year 0 1 2 3 J 11000 1200 1300 K 13000 1200 1300 1400 Which machine is a better buy at a WACC of 10.5%
Answer:
Machine K
Explanation:
The values can be better computed as:
Year 0 1 2 3
J 11000 1200 1`300
K 13000 1200 1300 1400
Using the PV Calculator
The Present Value (PV) for each year in Machine J is as follows:
Cashflow Year Present Value
11000 0 11000
1200 1 1085.97
1300 2 1064.68
Total 13,150.65
The effective annual cost = \(\dfrac{NPV\times r}{1-(1+r)^{-n}}\)
\(=\dfrac{13150.65 \times 0.1050}{1-(1+0.1050)^{-2}}\)
= $7628.16
Using the PV Calculator
The Present Value (PV) for each year in Machine K is as follows:
Cashflow Year Present Value
13000 0 13000
1200 1 1085.97
1300 2 1064.68
1400 3 1037.63
Total 16,188.28
The effective annual cost = \(\dfrac{NPV\times r}{1-(1+r)^{-n}}\)
\(=\dfrac{16188.28 \times 0.1050}{1-(1+0.1050)^{-3}}\)
= $6566.92
Therefore, machine K is better to buy than machine J.