Calculate market value of the used vehicle

Assignment Help Business Economics
Reference no: EM133132468

A delivery car had a first cost of $36,000, an annual operating cost of $14,000, and an estimated $6000 salvage value after its 6-year life. Due to an economic slowdown, the car will be retained for only 4 years and must be sold now as a used vehicle. At an interest rate of 13% per year, what must the market value of the used vehicle be in order for its AW value to be the same as the AW if it had been kept for its full life cycle? The market value of the used vehicle is determined to be $

Reference no: EM133132468

Questions Cloud

Explain the steps necessary to calculate and record lifo : Explain the steps necessary to calculate and record LIFO Reserve, and consequential Write-Down under Conventional Retail Inventory Method
How do goals relate to equality and efficiency : In 2010, President Barack Obama and Congress enacted a healthcare reform bill in the United States. Two goals of the bill were to provide more Americans with he
Find the average residency level : The Country Fields Retirement Community charges $7200/month for a single senior citizen to reside in a studio apartment with assisted living care.
Explain value of analyzing organizational behavior : Explain the value of analyzing organizational behavior from the individual, group, and organizational perspectives.
Calculate market value of the used vehicle : A delivery car had a first cost of $36,000, an annual operating cost of $14,000, and an estimated $6000 salvage value after its 6-year life. Due to an economic
Determine the due date of the note : Autumn Designs & Decorators issued a 120-day, 6% note for $30,000, dated April 13 to Zebra Furniture Company on account. Determine the due date of the note
Evolution of international trade : What is your insight on the evolution of international trade?
Determine the different types of analytics : Determine the different types of analytics and reports that are needed to generate analytical insights
Stimulate consumption or investment spending : In Japan from the 19905 to the late 20005, the interest rates fell to very low levels. However, this failed to stimulate consumption or investment spending. Use

Reviews

Write a Review

Business Economics Questions & Answers

  Find average cost function and find output level

The long-run total cost function for a firm producing skateboards is: TC = q^2 - 45q^2 + 900q, where q is the number of skateboards per week. MC = 3q^2 - 90q + 900. Find the average cost function and find the output level that minimize the average to..

  Suggest ways in which a for-profit company

Suggest ways in which a for-profit company, such as the company for which you work or a company for which you aspire to work, can use auctions

  Government fiscal policy during the great recession

There have been significant discussions on the government's fiscal policy during the Great Recession.

  Fifth of the college grads are married

Employment data at a large company reveal that 64?% of the workers are? married, 30?% are college? graduates, and one fifth of the college grads are married.

  Discuss the relationship between economics and social status

Discuss the relationship between economics, business concepts (such as targeted marketing), social status, and wellness

  Reduce negative effects associated with climate change

In regards to human activities, identify and explain at least one practical thing that human beings can do on a regular basis to reduce negative effects associated with climate change.

  Steady-state natural rate of unemployment

If there were 2 million unemployed Thailand had a job-finding rate of 15% per month, how many people would lose jobs each month.

  Should it be a crime for the monks to sell caskets

1. Should it be a crime for the monks to sell caskets? Why or why not?

  Use the four market-product expansion strategies

Many Canadian universities have traditionally offered an undergraduate degree in liberal arts (the product) to full time 18 to 22-year-old students (the market). How might such an institution use the four market-product expansion strategies shown in ..

  Why northern countries are more economically rich

Explain in not more than 6 sentences why northern countries are more economically rich that southern countries?

  Better than during the global financial crisis

In quentin tarantino's "Kill Bill: Volume 2", an action drama, the protagonist, played by Uma Thurman, punches her way out of a coffin. Global trade in goods ha

  Can inflation cause or effect unemployment

What factors can contribute to unemployment? How can technology lead to greater unemployment, or is it a benefit to the economy? Can inflation cause or effect unemployment? How?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd