Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. net present value method-annuity jones excavation

Net Present Value Method-Annuity Jones Excavation Company is planning an investment of $125,500 for a...

70.2K

Verified Solution

Question

Accounting

image
image
Net Present Value Method-Annuity Jones Excavation Company is planning an investment of $125,500 for a bulldozer. The bulldozer is expected to operate for 1,000 hours per year for seven years. Customers will be charged $115 per hour for bulldozer work. The bulldozer operator costs $33 per hour in wages and benefits. The bulldozer is expected to require annual maintenance costing $10,000. The bulldozer uses fuel that is expected to cost $43 per hour of bulldozer operation Present Value of an Annuity of $1 at Compound Interest Year 6% 10% 12% 15% 20% 1 0.943 0.909 0.893 0.870 0.833 2 1.833 1.736 1.626 1.528 1.690 2.402 2.673 2.487 2.283 2.106 4 3.465 3.170 3.037 2.855 2.589 5 4.212 3.791 3.605 3.353 2.991 6 4.355 4.111 3.785 3.326 7 4.917 5.582 6.210 4.868 4.564 4.160 3.605 8 5.335 4.968 4.487 9 6.802 5.759 3.837 4.031 5.328 4.772 10 7.360 6.145 5.650 5.019 4.192 d. Determine the number of operating hours such that the present value of cash flows equals the amount to be invested. Round interim calculations and final answer to the nearest whole number: hours Feedback

Answer & Explanation Solved by verified expert
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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

Alexander Corporation reports the following components ofstockholders’ equity on December 31, 2016: Common stock—$25...

Statistics
1.2K views

State Farm Insurance studies show that in Colorado, 55% of the auto insurance claims submitted for...

Finance
1.2K views

What future amount of money will be accumulated 10 years from now by investing $1500 now...

Chemistry
1.2K views

What are the theoretical bond energies and theoretical enthalpies for benzoic acid and sucrose?

General Management
1.2K views

MGMT-6088 Employee Relations Health and Safety Case Study Paper (10%) – Summary Paper Over the last four weeks (weeks...

Accounting
1.2K views

Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions Date Activities Units...

Biology
1.2K views

money teaching he decides to fly his private jet to Italy to have his dinner...

Geometry
1.2K views

A right circular cylinder is shown below B Which of the following could be a...

Accounting
1.2K views

***THERE IS ONLY ONE QUESTION TO BE ANSWERED. HIGHLIGHTED IN ORANGE. AN ANSWERER HAD A...

Accounting
1.2K views

The financial statements for Castile Products, Incorporated are given below: Castile Products, Incorporated Balance Sheet...

Accounting
1.2K views

I need answer ASAP! Minor Company had checks outstanding totaling $4,597 on its April...

Accounting
1.2K views

A company is setting its direct materials and direct labor standards for its leading product....