You can continue to use your less efficient machine at a cost of $8,000 annually for the next five years. Alternatively, you can purchase a more efficient machine for $12,000 plus $5,000 annual maintenance. At a cost of capital of 15 percent, you should:
A) keep the old machine and save $388 in equivalent annual costs
B) buy the new machine and save $388 in equivalent annual costs
C) buy the new machine and save $600 in equivalent annual costs
D) keep the old machine and save $580 in equivalent annual costs
Ans: D) keep the old machine and save $580 in equivalent annual costs
Business
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According to many studies, networking with friends and past employers is the most popular way of locating a job
Indicate whether this statement is true or false.
Business
Nine out of ten organizations in the United States pay their workers on a scale that is based primarily on ________
A) skills B) seniority C) status D) performance
Business