Answer is in bold. Need to know
how to work the problem. Thanks!
Homework Answers
Repeat small mowers cash flow twice
PW (small) = -2000 - 2000(P/F, 12%, 5) + 1000(P/A, 12%, 10) + 500(P/F, 12%, 5) + 500(P/F, 12%, 10)
= -2000 - 2000*1.12^-5 + 1000*5.6502 + 500*1.12^-5 + 500*1.12^-10
= 2960.05
PW (large) = -5000 + 1500(P/A, 12%, 10) + 700(P/F, 12%, 10)
= -5000 + 1500*5.6502 + 700*1.12^-10
= 3700.68
Now annual worth is found as
AW(small) = PW(small)/(P/A, 12%, 10)
= 2960.05/5.6502
= 523.89
AW(large) = PW(large)/(P/A, 12%, 10)
= 3700.68/5.6502
= 654.97
Select large mower.
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is included below. Thank you. I
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how to work the problem. Thanks!
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how to work the problem. Thanks!
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Answer is in bold. Need to know
how to work the problem. Thanks!
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Dont know what journal entry I did wrong? Can someone please check
over my work so I can balance out the trial balance and post
closing trial balance. Thanks!
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thanks!
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