Jing, a recent engineering graduate, never took engineering economics. When she graduated, she was hired by a prominent engineering firm. The earnings from this job allowed her to deposit $10000 each quarter into a savings account. Their way two banks that offer savings accounts in her town(a small town!).The first bank was offering 4.5% interest compounded continuously. The second bank offered 4.6%Compounded monthly. Jing decided to deposit in the first bank because it offered continuous compounding. Did she make the right decision?
Answers
Explanation:
Since measuring the effective interest rate and effective interest rate of 4,6% multiplied per month, the effective rate was 4,6980 dollars annually, so she did not use the right option and preferred the lower rate because she was on a lower rate of return while she was a continual companion.
In this issue, the rate of interest has Adjusted and the interest rate paid for this monthly compound is higher than what the interest rate is offered. The rate of the continuous compounds is also higher than the rate of interest offered on the monthly compounding.
Related Questions
survey of top executives revealed that 35% of them regularly read Time magazine, 20% read Newsweek, and 40% read U.S. News & World Report. A total of 10% read both Time and U.S. News & World Report.
1) What is the probability that a particular top executive reads either Time or U.S. News & World Report regularly?
2) What is the probability 0.10 called?
3) Are the events mutually exclusive ? Explain
Answers
Answer:
1) the probability that the executive reads Time magazine = 0.35
the probability that the executive reads U.S. News & World Report = 0.40
the probability that he/she reads both = 0.10
the probability that the executive reads either Time or U.S. News & World Report = 0.35 + 0.40 - 0.10 = 0.65 = 65%
2) intersection
3) they are not mutually exclusive, they are independent from each other, i.e. the executive can read Time magazine first and then US News and World Report, vice versa, or only read one of them
You have a credit card bill from ABC Credit for a total of $3,754. Please group the transactions within the appropriate T-Accounts based on the chart of accounts in your resources section. Within that balance the following transactions are listed:
$420 Office Supplies
$334 Auto (company van payment)
$1500 123 Computers to Go
$250 Electric Company
$100 Water
$150 Good Steak House (company luncheon)
$250 ABC Office Supplies
$100 Fuel Stop
$650 Furniture
Answers
Credit card bill from ABC credit have listed a number of expenses made, these needs to be posted according to the relevant accounting heads.
What is Accounting?Accounting is the calculation of cash, in other terms it is the study of debit and credit. The accounting teaches the treatment of different transactions, the transactions are divided in different heads, asset, expense, income, liability and capital.
T Accounts should be made as follows.
Assets
DR $1500 Computers
DR $650 Furniture
DR $334 Van Payment
Expenses
DR $420 Office Supplies
DR $250 Electric Company
DR $100 Water
DR $250 Office Supplies
Petty Expenses
DR $150 Steak House
DR $100 Fuel Stop
The expenses are distributed among the heads that they are relevant to, petty expenses only contains the payment for expenses that are immaterial in nature and amount, Asset account have the payments made for assets.
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explain the component of general environment ?
Answers
Which of the following types of business ownership has the highest personal liability risk?
A.
A partnership
B.
A sole proprietorship
C.
A C corporation
D.
An LLC
Answers
Answer:
A C corporation
Explanation:
Answer:
A.partnership
I have picked out A because in a partnership business,one is responsible for the progress of the business and when the business is in debts,he can even sell his personal property to cover up the loss made
Thoren has the following items for the year: $4,000 of short-term capital gain, $5,000 of 0%/15%/20% long-term capital gain, and $1,500 of 28% capital loss. Which of the following is correct?
a. The $1,500 loss will first be offset by the $4,000 short-term gain.
b. The $4,000 short-term gain will first be offset by the $5,000 long-term gain.
c. The $1,500 loss will first be offset by the $5,000 long-term gain.
d. The taxpayer will have a net short-term capital loss.
e. None of these choices are correct.
Answers
Answer:
The answer is "Choice c".
Explanation:
Initially, reimbursement would be achieved inside the long-term grouping of profits and losses as well as the short-term grouping of losses and gains. When these networks' results exhibit opposing values (it only is again and one a loss), their group outcomes were netted. There is still a net STCG of 4,000 USD as well as a net LTCG of 3,500 USD.
. Discuss and Implement the Price Adjustment Strategies in current market. Apply each strategy with 3 examples along with picture. (10 Marks) (200 Words)
Answers
Answer:
There are many different price adjustment strategies which can be implemented in the current market.
Explanation:
Psychological pricing:
Psychological pricing is a strategy in which the price of a product is displayed with mostly one cent difference so the whole number shown is less by $1 and this difference can get higher if the price of the product is more.
Example 1: The price for a toy in a toy shop is $4.99, if rounded this will be $5 but the whole number visible is $4.
Example 2: The price of a laptop is $193, this again is nearly $200 but the price is reduced by $7 in order to influence their customers into buying the product.
Example 3: The price of a car is $35,995, this again is about $36,000 but the buyer may be influenced by this technique and result in purchasing the product with such price.
Geographical Pricing:
Geographical pricing is a strategy where different prices are charged in different outlets, this strategy is made keeping in mind the purchasing power of the locality, if the local people can pay higher price for a product then the price is high there but same product may have a lower price in an area where people can not pay high price.
Example 1: Price of a T-shirt is $15 in a posh area while the price of the same T-shirt is $5 in an area with poor locality.
Example 2: Price of a hair brush is $10 in a poor area while the same brush is available in a posh area at a rate of $35.
Example 3: Price for a food item is $6 in a restaurant in posh area while the same burger is available for $3 in a restaurant in a poor area.
Evaluate the impact that the Total quality management elements have on woolworths, as a large company and provide practical examples to support your findings
Answers
The elements of total quality management in a large company like Woolworths is the creation of value in the micro and macro environment.
How does total quality management impact the business?Total quality management is a method that assists in the continuous improvement of processes, through a strategy of monitoring, controlling and reviewing processes to reduce bottlenecks and maximize quality.
Therefore, in a supermarket chain like Woolworths, total quality management can increase employee and consumer satisfaction, increasing the company's positioning and competitive advantage.
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We are evaluating a project that costs $786,000, has an eight-year life, and has no salvage value. Assume that depreciation is straight-line to zero over the life of the project. Sales are projected at 65,000 units per year. Price per unit is $48, variable cost per unit is $25, and fixed costs are $725,000 per year. The tax rate is 22 percent, and we require a return of 10 percent on this project. Suppose the projections given for price, quantity, variable costs, and fixed costs are all accurate to within ±10 percent.
Answers
Answer:
base scenario:
initial outlay = $786,000
depreciation expense per year = $786,000 / 8 = $98,250
contribution margin per unit = $48 - $25 = $23
total units sold per year = 65,000
fixed costs per year = $725,000
tax rate = 22%
NCF year 0 = -$786,000
NCF year 1-8 = {[($23 x 65,000) - $98,250 - $725,000] x 0.78} + $98,250 = $622,215
NPV = $2,533,471.10
IRR = 78%
best case scenario:
initial outlay = $786,000
depreciation expense per year = $786,000 / 8 = $98,250
contribution margin per unit = ($48 x 110%) - ($25 x 90%) = $30.30
total units sold per year = 65,000 x 110% = 71,500
fixed costs per year = $725,000 x 90% = $625,500
tax rate = 22%
NCF year 0 = -$786,000
NCF year 1-8 = {[($30.30 x 71,500) - $98,250 - $625,500] x 0.78} + $98,250 = $1,223,556
NPV = $5,741,580.96
IRR = 156%
worst case scenario:
initial outlay = $786,000
depreciation expense per year = $786,000 / 8 = $98,250
contribution margin per unit = ($48 x 90%) - ($25 x 110%) = $15.70
total units sold per year = 65,000 x 90% = 58,500
fixed costs per year = $725,000 x 110% = $797,500
tax rate = 22%
NCF year 0 = -$786,000
NCF year 1-8 = {[($15.70 x 58,500) - $98,250 - $797,500] x 0.78} + $98,250 = $172,116
NPV = $132,226.16
IRR = 14%
The Initial evaluating cost is $786000 and the
Depreciation expense per year will be = $786,000 / 8 = $98,250.
and the contribution margin per unit = $48 - $25 = $23
total units sold Projected per year = 65,000
fixed costs will be per year = $725,000
At Present the tax rate = 22%
Net cost fixed per year = -$786,000
Net Cost Fixed year 1-8 = {[($23 x 65,000) - $98,250 - $725,000] x 0.78} + $98,250 = $622,215
Net Per Variable = $2,533,471.10
IRR = 78%
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FRY-9C, FRY-14M, FRY-14Q, FRY-2052a, FP&A, CRR
What are these terms exactly mean? How do they work in business? What each term do?
Answers
The terms mentioned above are used in economics and have to do with finance.
What are FRY-9C, FRY-14M, and FRY-14Q?In order to keep an eye on financial institutions in between on-site inspections, the FR Y-9C is the main analytical tool employed. The form, which is the most frequently requested and scrutinized report at the holding company level, contains more schedules than any other report in the FR Y-9 series.
The FR Y-14M report gathers monthly in-depth information on the loan portfolios of bank holding companies (BHCs), savings and loan holding companies (SLHCs), and intermediate holding companies (IHCs). Three loan- and portfolio-level collections, as well as one in-depth address matching collection, make up the report.
On a quarterly basis, the FR Y-14Q compiles comprehensive information on the various asset classes, capital components, and pre-provision net revenue (PPNR) categories of the bank holding companies (BHC), savings and loan holding companies (SLHCs), and intermediate holding companies (IHC).
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What effect do consumer expectations have on the demand for a good?
Answers
Answer:
A. They reduce the demand for products expected to become cheaper in the future.
Explanation:
Consumer expectations of what the price of a good would be in the future, can significantly determine the extent to which the demand of such good would be demanded.
Hypothetically, if consumers expect the price of electronics products to be cheaper by the end of this year, the current demand for electronics products would decrease for now, as consumers would rather hold on purchasing such products till end of the year, when the prices would be cheaper.
Therefore, the effect that consumer expectations have on the demand for a good is:
A. "They reduce the demand for products expected to become cheaper in the future."
they reduce demand for products expected to become cheaper in the future
Explanation:
Managers are strictly required to properly understand the role of Information Systems in their organization. Failure to do so might have adversary effects on the existence of their organization. In relation to role of IS in organization, there are practical examples where IS has created a situation to replace roles organizations have assumed for years in Ethiopian business environment. Mention at least two organizations IN Ethiopia whose role has been replaced/ threatened by IS.
Answers
Answer:
Explanation: the most which is
Like many students at college, Arturo struggles to find a parking space on campus. Every year he has to buy a parking permit, which allows him to park on campus. Unfortunately, buying a permit does not guarantee that he can find a parking spot. So he often gets to campus well before class starts, hoping to find a good parking spot, but ends up driving around until someone leaves. One day after his economics class, Arturo comes up with a potential solution to the problem. He suggests the following: Suppose the demand for parking is given by the following equation:Qo - 20,000 - 400P. At Arturo's school, there are 16,000 parking spaces for students. For the questions below, give all answers to the nearest whole number.
a. At most universities, students do not pay to park each day. They pay for a permit, which only allows them to park on campus. Therefore, the price students face each day is $ Unfortunately, this creates a of parking spaces.
b. The university, in order to prevent the shortage issue is changing from selling parking permits to charging a daily parking fee. Suppose parking spaces were allocated at Arturo's school using the market mechanism. In this case, students would have to pay $ each day to park
c. As his school gets larger, the demand for parking increases to Qo - 24,000 - 400P. If Arturo's university wanted to keep the market price (the price of daily parking) the same, it would have to provide more parking spaces
Answers
Answer:
a. 4,000 parking spaces
b. $10 per day
c. 4,000
Explanation:
a. If students pay for a permit, and not a daily fee:
the demand equation is Qd = 10,000 and Qs = 16,000
So, the shortage is
= 20,000 - 16,000
= 4,000 parking spaces
b. If the university charges a daily fee so the equation will be
Qd = Qs
20,000 - 400P = 16,000
4,000 = 400P
P = $10 per day
c. An increase in demand will be
Qd = 24,000 - 400P
To keep the price at $10
Qs = 24,000 - 400 × (10)
= 20,000
now,
More spaces required is
= 20,000 - 16,000
= 4,000
How is QuickBooks the best software for small business accounting?
Answers
QuickBooks is the best software for small business accounting due to its features and user-friendly interface. QuickBooks provides a wide range of benefits that make it the perfect accounting software for small businesses. Here are some of the ways QuickBooks is the best software for small business accounting:
1. User-Friendly Interface: QuickBooks is very user-friendly and is designed to be simple to use for those who may not have an accounting background.
2. Easy to Use: QuickBooks is very easy to use, which makes it an excellent choice for small business owners who do not have a background in accounting.
3. Flexible: QuickBooks is flexible and customizable, allowing you to adjust it to your business needs and track income and expenses more efficiently.
4. Expense Tracking: QuickBooks is great for tracking expenses, such as employee expenses, travel expenses, and other expenses related to the business.
5. Invoicing: QuickBooks helps small businesses create and send invoices quickly and easily, helping to streamline the billing process.
6. Financial Reports: QuickBooks provides financial reports that can help you see how your business is doing and where you can make improvements.
7. Inventory Management: QuickBooks has an inventory management feature that makes it easy to track inventory levels, sales, and purchases.
Overall, QuickBooks is the best software for small business accounting because it provides a comprehensive range of features that help small business owners streamline their accounting processes.
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What happens if you pay more than the minimum payment on a credit card statement?
Answers
You Reduce Your Credit Utilization Ratio and Likely Improve Your Credit Scores. Paying more than the minimum will reduce your credit utilization ratio—the ratio of your credit card balances to credit limits.
When you utilize something, you use it, whether or not it's miles a device, like while you make use of a pen to put in writing something down, or a skill or expertise, like the pace you utilize whilst you run a race. So utilization is the act of using, just like the utilization of your voice that permits you to sing a song.
Usage is defined as the amount of an employee's available time that's used for effective, billable work, expressed as a percent. A worker's usage fee is a vital metric for companies to tune.
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$400 invested with compound interest at a rate of 3% per year for 2 years. Formula: M = P(1+ i)n
Answers
Answer:
$424.36
Explanation:
The applicable formula =M= P ( 1+ r)^2
Where M is the amount after two years
P = principal amount: $400
r = interest rate: 3% or 0.03
n =number of period :2
M= $400 x ( 1+ 0.03) ^ 2
M=$400 x 1.0609
M= $424.36
Select the correct answer. When organizing paragraphs within the body of your essay: A. Present the paragraphs in order from most important to least. B. Choose a pattern of organization that will guide the reader through the argument. C. Find the most convincing argument in your outline and present this paragraph first.
Answers
The correct option is B. Choose a pattern of organization that will guide the reader through the argument.
When organizing paragraphs within the body of an essay, it is important to choose a pattern of organization that effectively presents and supports the main argument or thesis statement. This pattern should guide the reader through the logical flow of ideas and evidence.
Option A, presenting paragraphs in order from most important to least, may not always be the most appropriate approach. The significance of each paragraph can vary depending on the specific essay and argument. It is often more effective to arrange paragraphs in a way that builds upon previous points and leads the reader towards a convincing conclusion.
Option C, presenting the most convincing argument first, may also not be the best choice. The order of paragraphs should be determined by the logical progression of ideas rather than the individual strength of each argument. By following a clear pattern of organization, the essay can present a cohesive and coherent argument that is easy for the reader to follow and understand. Hence the correct answer is B. Choose a pattern of organization that will guide the reader through the argument.
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which option is best described as a complementary good for trucks?
A. truck blogs
B. Truck Fuel
C. Truck factories
D. Truck regulations
Answers
The option that is best described as a complementary good for trucks is A. truck blogs.
What is complementary good ?A good that adds value to another good or service is said to be complimentary. To put it another way, they are two items that the client uses in tandem with one another. For instance, cereal and milk or a DVD and a DVD player.
A complementary good in economics is one whose appeal rises along with the appeal of its counterpart. Technically speaking, it exhibits a negative cross elasticity of demand, meaning that when the price of one commodity lowers, demand for it also rises.
Therefore, option A is correct.
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You have a Saturday job that pays $10 per hour and you work 10 hours when
you're there. You are thinking about buying a car that cost $1,000 dollars. How
many Saturdays do you have to work to earn the money?
OA. I will have to work 5 Saturdays to get the money
OB. I will have to work 10 Saturdays to get the money.
Answers
Answer:
B: 10 Saturdays
Explanation:
ok so 10×10=100 so $100 each Saturday now 100×10=1000 so it's B
You manage a small women’s clothing store and need to hire an assistant manager. How would you recruit and select the most effective candidate?
Answers
Recruiting and selecting an assistant manager for a small women's clothing store requires a thoughtful and strategic approach.
Here are some steps that can be taken to attract and hire the most effective candidate:
Define the job role: Clearly define the job role and responsibilities of the assistant manager. This will help in identifying the required skills, qualifications, and experience necessary for the role.
Create a job description: Based on the defined job role, create a comprehensive job description that highlights the job responsibilities, required skills, qualifications, and experience. The job description should also outline the compensation package, work schedule, and other benefits.
Advertise the job opening: Advertise the job opening in relevant channels such as online job portals, local newspapers, industry-specific publications, and social media. You may also consider reaching out to your network and asking for referrals.
Screen resumes: Review resumes and cover letters to shortlist candidates who meet the minimum requirements for the role.
Conduct initial interviews: Conduct initial interviews to further screen the candidates and assess their communication skills, experience, and qualifications. Use behavioral interview questions to understand their past performance and behavior in similar roles.
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How is the value of a product determined?
A.
By the amount a consumer is willing to pay for it
B.
By how much it cost the producer to make
C.
By its variable costs
D.
By the number of workers who were involved in making it
Answers
Answer:
The value of a product is determined by the ratio of its quality to its price. The higher the value of a product, the better will be its competitive position. ... The value of a product is determined by the ratio of its quality to its price. The higher the value of a product, the better will be its competitive position.
Answer:
the answer for this one is A By the amount a consumer is willing to pay for it
Explanation:
How would implementing the cost-volume-profit analysis benefit a company? As a manager, which income statement format do you find more useful - the traditional financial accounting method or the contribution margin method? Why?
Answers
It provides insights into the relationship between sales volume, costs, and profitability, helping managers make informed decisions about pricing, production levels, and cost management.
CVP analysis allows managers to determine the breakeven point, the level of sales needed to cover all costs, and to assess the impact of changes in sales volume, costs, or prices on the company's profitability. This analysis can guide strategic planning, budgeting, and resource allocation.
As a manager, I find the contribution margin method of income statement format more useful than the traditional financial accounting method. The contribution margin method separates costs into fixed and variable components, allowing for a clearer understanding of how changes in sales volume affect profitability.
It highlights the contribution margin ratio, which indicates the proportion of each sales dollar available to cover fixed costs and contribute to profits.
This format enables managers to analyze cost behavior, identify cost-saving opportunities, and evaluate the financial impact of different sales scenarios. It provides a more focused view of the underlying profitability drivers and aids in decision-making related to pricing, product mix, and cost control.
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Revise the following sentences to avoid confusing jargon, slang, and wordings.
1. If you refer back to our five year plan, you will see that there are provisions for preventing blowing the budget.
Answers
The revised sentence is "If you review our five-year plan, you will notice that there are measures in place to prevent exceeding the budget.
Why is revision of sentences important?Sentence revision is important because it ensures clarity and effective communication.
By avoiding confusing jargon, slang, and wordings, revised sentences are easier to understand by a wider audience.
Clear and concise language helps convey ideas accurately and reduces the risk of misinterpretation or confusion.
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Most people do not select a place of residence based on: A. lifestyle B. needs C. values. D.attitudes E. credit score
Answers
It is generally uncommon for people to decide a place of residence based on E. credit score
When people look for places to stay, they think about their:
Lifestyle and what house it suits that Their needs from a place Their values and whether the place would support them Attitudes towards what kind of place they should livePeople only think about the credit score when it comes to paying the rent of the place or being able to buy it. It is generally not a factor when selecting a place of residence initially.
In conclusion, most people do not select residence based on credit score.
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Automobile firms can use their inputs to make hybrid cars or "regular" (non-hybrid) cars. If the equilibrium price of hybrid cars rises sharply, the resulting shift in the supply curve for "regular" cars will cause:
Answers
Answer: a) an increase in the Equilibrium price of "regular" cars.
Explanation:
It is stated that the automobile companies use their inputs to make either the hybrid cars or the regular cars.
If the price of the Hybrid cars rises sharply, Automobile companies will make more Hybrid cars so as to take advantage of the situation and make more profit.
This would reduce the amount of inputs that they have available for regular cars and so they will make less regular cars.
As this supply of regular cars decreases,the supply curve will shift to the left and the price will increase to cater for this reduction in supply.
On average, a person with a bachelor's degree earns
than a person
with an associate degree and
than a person with a high school
diploma
O A. more; more
O B. less; more
O c. less; less
O D. more; less
SUBMIT
Answers
Answer:
B
Explanation:
the knowledge.. between a Bachelor degree and an associate degree. is leser
Offering high quality, large assortments, and free shipping are examples of
a. rebates.
b. nonprice competition.
c. price fixing.
d. price competition.
Answers
Answer:
b. non-price competition.
Explanation:
Competition refers to the rivalry among businesses selling similar products to the same customers. The businesses employ various tactics to win more customers, make more revenue, and command a bigger market share. Firms compete on almost every aspect ranging from price, product quality, location, packaging, customer service, and many others.
Business competition is broadly classified into price competition and non-price competition. Price competition is when the price is the basis for competition. Non-price competition is when the competition is based on all the other parameters.
A company purchased $2,000 of merchandise on July 5 with terms 1/10, n/30. On July 7, it returned $220 worth of merchandise. On July 8, it paid the full amount due. The amount of the cash paid on July 8 equals:
Answers
Answer:
$1,762.2
Explanation:
Calculation for what The amount of the cash paid on July 8 equals:
Cash Paid = ($2,000 - $220) * (199%-1%)
Cash Paid = ($2,000 - $220) * 0.99
Cash Paid = ($1,780*0.99)
Cash Paid = $1,762.2
Therefore The amount of the cash paid on July 8 equals:$1,762.2
The average debt incurred by a male pathological gambler in the US is between:
Answers
Answer:
$55,000 and $90,000
Explanation:
The average debt incurred by a male pathological gambler in the U.S. is between $55,000 and $90,000. The average rate of Norce for problem gamblers is nearly double that of non-gamblers.
The following information about the weekly payroll was obtained from the records of Boltz Co.:
Salaries: Deductions:
Sales salaries $335,000 Income tax withheld $116,800
Warehouse salaries 186,000 U.S. savings bonds 14,630
Office salaries 144,000 Group insurance 11,970
$665,000
Tax rates assumed:
Social security 6% State unemployment (employer only) 5.4%
Medicare 1.5% Federal unemployment (employer only) 0.8%
Required:
1. Assuming that the payroll related to the first full week of the year and was paid on January 7, journalize the following entries:
a. January 7, to record the payroll.
b. January 7, to record the employer’s payroll taxes on the payroll for the first week of the year. Since it is a new fiscal year, all $665,000 in salaries is subject to unemployment compensation taxes.
2. Assuming that the payroll related to the last week of the year and was paid on December 31, journalize the following entries:
a. December 31, to record the payroll.
b. December 31, to record the employer’s payroll taxes on the payroll for the last week of the year. Of the total payroll for the last week of the year, $38,000 is subject to unemployment compensation taxes.
Answers
A journal entry is used to record a business transaction in the accounting records of a business. This is given below.
How to explain the journal entryJournal entries for the first full week of the year and paid on January 7:
a. To record the payroll:
Salaries Expense $665,000
Cash $534,600
U.S. Savings Bonds Payable $14,630
Group Insurance Payable $11,970
Income Tax Payable $116,800
Social Security Payable $39,900
Medicare Payable $9,975
b. To record employer's payroll taxes on the payroll for the first week of the year:
Payroll Tax Expense $53,564
Social Security Payable $39,900
Medicare Payable $9,975
Federal Unemployment Tax Payable $5,320
State Unemployment Tax Payable $8,369
Journal entries for the last week of the year and paid on December 31:
a. To record the payroll:
Salaries Expense $665,000
Cash $534,600
U.S. Savings Bonds Payable $14,630
Group Insurance Payable $11,970
Income Tax Payable $116,800
Social Security Payable $39,900
Medicare Payable $9,975
b. To record employer's payroll taxes on the payroll for the last week of the year:
Payroll Tax Expense $2,600
Federal Unemployment Tax Payable $304
State Unemployment Tax Payable $2,296
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Rihanna Company is considering purchasing new equipment for $578,500. It is expected that the equipment will produce net annual cash flows of $65,000 over its 10-year useful life. Annual depreciation will be $57,850. Compute the cash payback period.
Answers
Answer:
The answer is 8.9 years
Explanation:
Solution
Given that:
purchase of new equipment = $578,500
Net annual cash flows =$65,000
The useful life = 10 years
Annual depreciation = $57.850
Now, we have to compute the cash payback period which given below:
The payback period (cash) = cost of capital investment/net annual cash flows
=$578.500/$65,000
=8.9 years
The cash payback period is 8.9 years