Compare the sources of consumer credit
travel and entertainment credit
revolving check credit
closed-end credit
revolving credit
consumers use a prearranged loan using special checks
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consumers use cards with no interest and non -revolving balances
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consumers pay off debt and credit is automatically renewed
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consumers take out a loan with a repayment date and have a specific purpose
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Xinhong company is considering replacing one of its manufacturing machines. the machine has a book value of $39,000 and a remaining useful life of 5 years, at which time its salvage value will be zero. it has a current market value of $49,000. variable manufacturing costs are $33,300 per year for this machine. information on two alternative replacement machines follows. alternative a alternative b cost $ 115,000 $ 117,000 variable manufacturing costs per year 22,900 10,100 1. calculate the total change in net income if alternative a and b is adopted. 2. should xinhong keep or replace its manufacturing machine