Business, 07.03.2020 03:09 catsareokiguess

Fastenings Co. produces metal rivets and anticipates purchasing additional machines to build its operations over the next four years. The costs for each of the next four years are given below.

Year Cost

1 $75,000

2 $48,000

3 $120,000

4 $180,000

Fastenings Co. currently has a cash surplus and would like to set aside money to ensure that it can purchase these machines.

Assuming that the money is placed into a savings account that earns 3% interest compounded annually, how much should Fastenings Co. set aside now to ensure it can cover the cost of the machines it would like to purchase?

Create an .xls file to solve OR capture an image of your "by hand work and upload here.

Answers: 3

Show answers

Another question on Business

Business, 23.06.2019 07:50

How do you know if two line segments are perpendicular?

Answers: 1

Answer

Business, 23.06.2019 08:00

Which sentence in the passage refers to the "analysis" of a given problem? jeremy is the production manager in a manafacturing company. he has identified a problem in the production process. he has estimated that the problem would lead to a loss of $10,000 and would require time to resolve. further, he has also identified the source of the problem to be the outdated machinery, which might require major repair, if not immediate replacement. finally, jeremy has also divided the problem into smaller parts, such as production costs, overheads, downtime expense, repair expenditure, and so on.

Answers: 2

Answer

Business, 23.06.2019 12:50

Jason is looking for an engagement ring to offer his girlfriend. he doesn't have enough money. which jewelry stores will have the cheapest

Answers: 2

Answer

Business, 23.06.2019 13:10

Phoenix guitars is interested in pursuing backward integration to take greater ownership of the extraction of raw materials and production of components used in its signature line of guitars. although this approach would lower the overall cost of producing a guitar, the costs associated with producing electronic pickupsfor sound amplification are far greater than those associated with sourcing pickups from a reliable supplier. which of the following approaches is likely to produce superior results? a) invest in vertical integration despite the cost of producing pickups.b) abandon the idea of vertical integration entirely.c) pursue taper integration.d) introduce a budget line of guitars to diversify the firm's offerings.

Answers: 1

Answer

You know the right answer?

Fastenings Co. produces metal rivets and anticipates purchasing additional machines to build its ope...

Questions