Pelcher Company acquires a machine by issuing a note that requires semiannual payments of $4300 for 4 years. The interest rate on the note is 10% compounded semiannually. What is the cost of the machine? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use
appropriate factor(s) from the tables provided.)
A. $27,791.76
B. $24,703.36
C. $34,400.00
D. $13,617.00
E. $15,057.30
Answer: A
You might also like to view...
The "E" in the SELL Sequence reminds the salesperson to:
A. encounter a prospect anywhere you can. B. elevate your company's brand image. C. exploit your opportunity to sell. D. explain the product's advantage. E. enlist the help of visual aids.
Which of the following would NOT be a credible measure of the effectiveness of a social media campaign?
A) a comparison of positive and negative comments in blogs, forums and other networks B) the number of positive mentions in social media sites C) the total number of Internet users reading a site at a specific time D) analyzing the opinion and tone of participants' comments E) the number of negative mentions in social media sites
Direct operating margin is:
a. the sum of departmental gross profit and direct operating expenses. b. the difference between departmental gross profit and direct operating expenses. c. the difference between departmental gross profit and indirect operating expenses. d. the difference between departmental gross profit and operating expenses. e. the difference between departmental net income and cost of goods sold.
Graham Pottery Inc Graham Pottery Inc produces an item that gives rise to the following activities: Activity Hours Processing (two departments) 30 Inspecting 3 Rework 2 Moving (three moves) 9 Waiting (for the second process) 9 Storage (before delivery to the customer) 8 Refer to the Graham Pottery Inc information above. The total manufacturing cycle time is:
A) 61 hours. B) 30 hours. C) 65 hours. D) 44 hours.