2 A certain company makes it the policy that for any new piece of equipment the annualdepreciation cost should not exceed 10% of the original cost at any time with nosalvage value or scrap value. Determine the length of service life necessary if thedepreciation method used isa) Straight-line Formulab) Sinking Fund Formula at 8%c) SYD Method

Following is the answer to the given question

Answered: A certain company makes it the policy…

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter12: Sequences, Series And Binomial Theorem

Section12.3: Geometric Sequences And Series

Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...

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What is the total effect on the economy of a government tax rebate of $500 to each household in order to stimulate the economy if each household will spend of the rebate in goods and services?
If you spend Php50,000 to purchase a cheese shop and can expect a net revenue of Php11,500 per year, how long is it until your unrecovered investment balance has been completely retired? Assume that your second best investment alternative pays at a rate of 4.0%, and so that is the discount rate you should use for future revenues. (Provide your answers in digits only with 2 decimal places. No comas or pesos.)
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Jeff Heun, president of Sheridan Always, agrees to construct a concrete cart path at Dakota Golf Club. Sheridan Always enters into a contract with Dakota to construct the path for $183,000. In addition, as part of the contract, a performance bonus of $38,800 will be paid based on the timing of completion. The performance bonus will be paid fully if completed by the agreed-upon date. The performance bonus decreases by $9,700 per week for every week beyond the agreed-upon completion date. Jeff has been involved in a number of contracts that had performance bonuses as part of the agreement in the past. As a result, he is fairly confident that he will receive a good portion of the performance bonus. Jeff estimates, given the constraints of his schedule related to other jobs, that there is 55% probability that he will complete the project on time, a 25% probability that he will be 1 week late, and a 20% probability that he will be 2 weeks late. (a) Your answer is…
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A private bank's social security mutual fund pays its members a pension, retirement bonus and death insurance to all members in their retirement. This aid fund has 5,000 active members paying premiums and 1,200 members receiving pensions. The average age of active members is 35 and the average age of retired members is 65. The retirement age for all members is set at 60. According to the aid fund contract, a pension of 40,000 TL is given to the retired member every year, a retirement bonus of 500,000 TL to the retired member, and 300,000 TL to his family in the event of the death of any member. Active members make a premium payment of 15,000 TL every year during the working period. This mutual fund uses the premiums it collects and its current cash assets at an annual interest rate of 12%. Calculate the sum of the actuarial obligations of this charity. Calculate the sum of the actuarial revenues of this charity. What should be the reserve of this aid fund?
A village recently completed the construction of a new water tower. The entire cost of the water tower was $934,000, and the government paid $480,000 of the total cost through the awarding of a grant. In addition, the village can delay paying the balance of the cost for 30 years (without paying any interest during the 30 years). To finance the balance, the village board will at this time assess its 645 homeowners a one-time flat fee surcharge and then invest this money in a 30-year CD paying 5.9% interest compounded monthly. Complete parts (a) through (c) below. a) What is the balance due on the water tower? $454000454000 b) How much will the village need to invest at this time to raise the balance due in 30 years? (Round to the nearest cent as needed.)

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