Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. light emitting diodes (led) light bulbs have becom

Light emitting diodes (LED) light bulbs have become required in recent years, but do they make...

80.2K

Verified Solution

Question

Finance

Light emitting diodes (LED) light bulbs have become required inrecent years, but do they make financial sense? Suppose a typical60-watt incandescent light bulb costs $.39 and lasts 1,000 hours. A15-watt LED, which provides the same light, costs $3.10 and lastsfor 12,000 hours. A kilowatt-hour of electricity costs $.115. Akilowatt-hour is 1,000 watts for 1 hour. If you require a return of11 percent and use a light fixture 500 hours per year, what is theequivalent annual cost of each light bulb? (A negative answershould be indicated by a minus sign. Do not round intermediatecalculations and round your answers to 2 decimal places, e.g.,32.16.)

Answer & Explanation Solved by verified expert
4.0 Ratings (458 Votes)
Answer Equivalent annual cost is the cost of owning maintaining and operating an asset over the due course of its lifeIt is used to compare the cost effectiveness of assets having unequal lifespans EAC cost of life cost of    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Suppose the average yearly salary of an individual whose final degree is a master's is $3333...

Basic Math
Q

Essay Question: Some environmental forces are considered controllable while some others are seen as beyond control of...

Operations Management
Q

Suppose a geyser has a mean time between eruptions of 93 minutes. If the interval of...

Basic Math
Q

A physical examination during nutritional assessment is considered a dietary assessm O True O False

Biology
Q

c h x gof x Hint This is a composition of functions 1 mark 15...

Geometry
Q

(a) Planning is an essential part of the audit. Identify and explain FIVE reasons why...

Accounting
Q

On January 1. 2023. Pronghorn Company purchased $416,000 worth of 8% bonds of Aguirre Co....

Accounting
Q

Discuss the different between Job Costing and Process costing and give examples of both costings....

Accounting
Q

Ihe original trial balance for Momo Company at the end of its fiscal year are...

Accounting
Q

Which of the following is not reported in the schedule of funding progress for a...

Accounting
Q

Kersten Brown, the CEO of Pleasanton Studios, is having a tough week - all three...

Accounting
Q

Evan participates in an HSA carrying family coverage for himself, his spouse, and two children....

Accounting