George William buys a machine for his business. The machine costs $150,000. George estimates
that the machine can produce $40,000 cash inflow per year for the next five years. George's cost
of capital is 10 percent.
What is the approximate present value of the future cash flow for
George?
A) $191,632 B) $174,212 C) $166,796 D) $151,632
D
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A report's close should
A) provide hints on what the audience should do so that you don't sound like you're giving orders. B) instruct your audience to contact you about what they should do next. C) make sure your readers understand exactly what's expected of them and when it's expected. D) imply dire consequences if the goals are not achieved. E) minimize the impact of the main points of the message.
Describe the major factors that influence business buyers
What will be an ideal response?
Assume that during the physical count of the inventory of a large corporation for this year, $450,000 of merchandise was counted twice. The error was not detected, and the financial statements were prepared. Identify the individual statements that would be affected and explain the effect the count error would have on each. (Omit income tax considerations.)
When forces outside or within the organization suggest a need for change to improve efficiency or effectiveness, managers have often responded with a solution.