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Question - Use the following 8% interest factors.
Present Value of Future Value of
Ordinary Annuity Ordinary Annuity
7 periods 5.2064 8.92280
8 periods 5.7466 10.63663
9 periods 6.2469 12.48756
What amount should be recorded as the cost of a machine purchased December 31, 2012, which is to be financed by making 8 annual payments of $8,000 each beginning December 31, 2013? The applicable interest rate is 8%.
A) $85,093
B) $56,000
C) $49,975
D) $45,973
Compute the company's CM ratio and its break-even point in both units and dollars
the montrose toy company manufactures a line of dolls and a doll dress sewing kit. demand for the dolls is increasing
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