A Company must purchase a machine that will be used over the next 8 years. The purchase price is $10,000 and the salvage value after 8 years is $1000. The annual insurance is 2% of the purchase price, the electricity cost is $300 per year, and maintenance and replacement parts cost $100 per year. The effective annual interest rate for economic analysis is 6%. Neglect taxes. What is the present worth of the machine if its return is $3000 per year for 8 years

Jared harless shattered his elbow in a snowboarding accident and decided to visit a doctor at smith union hospital for treatment. in most large organizations, several people are responsible for the buying decisions. these buying-center participants can include employees who have a formal role in purchasing decisions (i.e., the purchasing or procurement department), members of the design team for a new product, top managers, and employees who will be using the item being purchased. these employees are likely to play different roles in the buying process. vendors must understand these roles and adapt the marketing process appropriately for different individuals and for the buying center as a whole.

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Sonic corp. manufactures ski and snowboarding equipment. it has estimated that this year there will be substantial growth in its sales during the winter months. it approaches the bank for credit. what is the purpose of such credit known as? a. expansion b. inventory building c. debt management d. emergency maintenance