HI Corporation is considering the purchase of a machine that promises to reduce operating costs by the same amount for every year of its 7-year useful life. The machine will cost $206,780 and has no salvage value. The machine has a 14% internal rate of return. (Ignore income taxes.)Use Exhibit 13B-1 and Exhibit 13B-2 above to determine the appropriate discount factor(s). Required:What are the annual cost savings promised by the machine? (Round your intermediate calculations and final answer to the nearest whole dollar
amount.)Annual cost savings?
What will be an ideal response?
| Annual cost savings | $48,223? |
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What will be an ideal response?
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What will be an ideal response?
Each of the following is a characteristic of a promissory note except a(n)
a. maturity date that can be determined on the date the note is signed. b. payee who has an unconditional right to receive a definite amount on a definite date. c. maker who agrees to pay a definite sum subject to certain conditions. d. amount to be paid that can be determined on the date the note is signed.
When you use ______ organization for your speech, you explain to your audience members the order in which events happened.
a. chronological b. cause and effect c. spatial d. topical