The following details are provided by a manufacturing company
Product line
Investment $1,100,000
Useful life 12 years
Estimated annual net cash inflows for first year $400,000
Estimated annual net cash inflows for second year $390,000
Estimated annual net cash inflows for next ten years $380,000
Residual value $70,000
Depreciation method Straight-line
Required rate of return 14%
Calculate the payback period for the investment. (Round your answer to two decimal places.)
A) 2.75 years
B) 2.82 years
C) 2.55 years
D) 2.77 years
B .B) Payback = Amount invested / Expected annual net cash flow
= 2 years + [($1,100,000 - $790,000 )] / $380,000 = 2.82 years
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Which difficulty of range as a measure of variability is overcome by interquartile range?
A. The sum of the range variances is zero B. The range is difficult to compute C. The range is influenced too much by extreme values D. The range is negative
Use the function ExpValue, defined below. If you apply this function to the data in the image, where Values = B2:B4, and Weights = A2:A4, what is the value of EV when t=2?
Public Function ExpValue(Values As Range, Weights As Range)
Dim t As Integer, VarCount As Integer, EV As Single
VarCount = Values.Count
EV = 0
For t = 1 To VarCount
EV = EV + Values(t) * Weights(t)
Next t
ExpValue = EV
End Function
a) $25
b) $50
c) $125
d) $225
e) $250
Hall's work suggests that LC cultures tend to the _________, with linear time understood to be tangible and divisible into blocks, consistent with an economic understanding of time.
Fill in the blank(s) with the appropriate word(s).
Rejecting both the old and new culture is known as ______.
A. avoidance B. marginalization C. assimilation D. separation