A certain power plant is considering two alternatives with regards to a hydraulic equipment which it needs. The following alternatives were considered. Equipment A Equipment B First Cost: P 120,000 P 136,000 Salvage Value: P 15,000 0 Life: 6 years 8 years Annual Maintenance: P 9,000 P 7,000 Compute the difference between the equivalent present worth of the two alternatives if interest rate is 7% compounded annually. Select one: a. P 26,410 b. P 30,108 c. P 28,312

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Production Budget

A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.