Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. mark barton owns a garage and is contemplating pur

Mark Barton owns a garage and is contemplating purchasing a tire retreading machine for $18,000....

70.2K

Verified Solution

Question

Accounting

Mark Barton owns a garage and is contemplating purchasing a tire retreading machine for $18,000. After estimating costs and revenues, Mark projects a net cash inflow from the retreading machine of $3,200 annually for 8 years. Mark hopes to earn a return of 9% on such investments. What is the present value of the retreading operation, rounded to whole dollars?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Rippa Ltd was incorporated on 1 July 2017. The followingtransactions and events occurred during...

Accounting
Q

what is thE ph for A. 0.021 M hno2 at 25 degrees with ka of 4.3*10^-4 B....

Chemistry
Q

Amira sells auto parts from her home. She usually sells the parts to her neighbors and...

Finance
Q

In order to accurately calculate an employee's pay, it is important that payroll clearly understands the...

Accounting
Q

Ending inventory presented on the balance sheet must be based on the Lower of Cost or...

Accounting
Q

Numerical optimizationThe function f(a,b) = a^2*e^(a*b) + 3*a*ln(b)is calculated by:x1 = a^2x2 = a*bx3 =...

Basic Math
Q

A cylindrical fish tank at the zoo has a capacity of 7252 cubic feet. What...

Basic Math
Q

Determine the amplitude of the following graph 5 4 3 O 31 2 1 3x...

Algebra
Q

Graph the inequality on a number line Then write the solution in interval notation x1...

Algebra
Q

Problem 17-1A Combat Fire, Inc. manufactures steel cylinders and nozzles for two models of fire...

Accounting
Q

Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format...

Accounting
Q

Using the gross method, purchase discounts lost are: A. Included in purchases. B. Added to...

Accounting