Maurice Tutor

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About Maurice Tutor

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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 2 Days Ago
Questions Answered: 66690
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 27 Sep 2017 My Price 3.00

Brady Service Center

Brady Service Center just purchased an automobile hoist for $34,860. The hoist has an 8-year life and an estimated salvage value of $3,630. Installation costs and freight charges were $3,639 and $830, respectively. Brady uses straight-line depreciation.
The new hoist will be used to replace mufflers and tires on automobiles. Brady estimates that the new hoist will enable his mechanics to replace 7 extra mufflers per week. Each muffler sells for $73 installed. The cost of a muffler is $36, and the labor cost to install a muffler is $15.

Compute the cash payback period for the new hoist. (Round answer to 2 decimal places, e.g. 10.50.)
Cash payback period   years
 

LINK TO TEXT
Compute the annual rate of return for the new hoist. (Round answer to 1 decimal place, e.g. 10.5.)
Annual rate of return   %

 

Answers

Maurice Tutor
(5)
Status NEW Posted 27 Sep 2017 10:09 PM My Price 3.00

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