PLEASE, I need it within 30 minutes. A clothing retailer plans to automate its payroll processing...

PLEASE, I need it within 30 minutes.

A clothing retailer plans to automate its payroll processing by using a scanner that identifies which clerks sold which item. Management is excited about this system because it can connect directly to the company's existing computer system. The new automated system will save $14,200 a year in labor. The new system will cost $40,000 to build and test prior to operation. Operating cost will be $2,600 per year. The system has 6 years useful life. The expected net salvage value of the system is estimated at $2,500. If the company's interest rate is 10%, in what year does the DISCOUNTED payback occur for this project? Assume year-end cash flows, and enter your answer as an integer."

Expert Solution

Discounted Payback

4 years

4.45 years rounded off to 4 years.

Year	Cost	Annual savings	Operating cost	Salvage	Net Cash flows	Discounted CF	Cumulative CF
0.00	-40000.00				-40000.00	-40000	-40000
1		14200.00	-2600.00		11600.00	10545.45	-29454.55
2		14200.00	-2600.00		11600.00	9586.78	-19867.77
3		14200.00	-2600.00		11600.00	8715.25	-11152.52
4		14200.00	-2600.00		11600.00	7922.96	-3229.56
5		14200.00	-2600.00		11600.00	7202.69	3973.13
6		14200.00	-2600.00	2500	14100.00	7959.08	11932.21

Discounted Payback = Year in which Discounted Cumulative CF is last negative -(Last negative discounted cumulative CF/ CF of next year)

jeff jeffy answered 3 months ago

please, I need it with 30 minutes . can someone solve this ASAP and post ,...

please, I need it with 30 minutes . can someone solve this ASAP and post , I really appreciate. 4. "Machine A has an immediate cost of $15,000, and it will earn a net income of $4300 per year for a total of 7 years. Machine B has an immediate cost of $17,000, and it will earn a net income of $4400 per year for a total of 35 years. Assume that Machine A can continually be replaced at the...

Please, I need it with 30 minutes "Machine A costs $24,000 to purchase and is worth...

Please, I need it with 30 minutes "Machine A costs $24,000 to purchase and is worth $8,000 in 4 years at the end of its service life. Machine B costs $14,000 to purchase and is worth $2,000 in 3 years at the end of its service life. Assume that these machines are needed for 12 years (required service period). Each machine can be repurchased at the same price in the future, and assume the annual maintenance cost of each machine...

Please check it out within 30 minutes. Please provide explanation or working so I can check...

Please check it out within 30 minutes. Please provide explanation or working so I can check with my answer. Question: In a study of the system, Cl2(g) + Br2(g) 2BrCl(g), several different reaction mixtures were prepared, placed in a 15.00 × 10–3 m3 container, and allowed to reach equilibrium at 350 K. Despite having different starting compositions, three of the four mixtures had an identical composition at equilibrium. Which one of the systems has a different equilibrium composition than the...

PLEASE ANSWER WITHIN 30 MINUTES!! Consider a simple instruction ADD C,D (c+d). i. Write down the...

PLEASE ANSWER WITHIN 30 MINUTES!! Consider a simple instruction ADD C,D (c+d). i. Write down the instruction format of above instruction and which operand address will be use to implement this instruction? ii. What will be the role of microprograming while executing the instruction? iii. What type of parallel processor system will use in it? iv. Draw a diagram that represents the solution when an interrupt is occurred during execution of “a+b” instruction. v. If you are supposed to use...

Please, I need it with 40 minutes if you can post it. thanks Machine A costs...

Please, I need it with 40 minutes if you can post it. thanks Machine A costs $37,000 to purchase and is worth $8,000 in 5 years at the end of its service life. Machine B costs $20,000 to purchase and is worth $1,000 in 4 years at the end of its service life. Assume that these machines are needed for 20 years (required service period). Each machine can be repurchased at the same price in the future, and assume the...

What do you need to consider when providing payroll data to payroll processor for calculation within...

What do you need to consider when providing payroll data to payroll processor for calculation within designated timelines? You will need to include a brief explanation on each of the elements e.g. Prepare a payroll register; Key organisational timelines; Fringe benefits tax; Other payroll deadlines including ATO, TFN declaration, PAYG withholding; Employment termination payments; Employer superannuation contributions; and Business Activity statement (BAS).

Chapter 6 Case 37 Valley Clothing is a small clothing retailer now in its fourth year...

Chapter 6 Case 37 Valley Clothing is a small clothing retailer now in its fourth year of business. Through its first year of operations, Valley has operated on a pure cash or check basis. Currently, Valley has averaged $275,000 in annual cash sales with an average profit margin of 40%. Lately, many customers have expressed frustration over the fact that Valley does not accept credit sales, and Valley believes that this is beginning to have a substantial negative impact on...

Please i need this answered in 10 minutes!! 5. Explain how a technological advance can contribute...

Please i need this answered in 10 minutes!! 5. Explain how a technological advance can contribute to economic growth. Also, explain how better-quality education for young people today can increase economic growth in the future. 6. Suppose that nominal gross domestic product (GDP) in the United States grew by 6%. Given that prices increased by 2% and the population grew by 1%, How much did per capita real GDP grow? In other words, what Is the economic growth rate for...

Rooey Ltd, the retailer of Zara clothing, is preparing its end of year financial statements at...

Rooey Ltd, the retailer of Zara clothing, is preparing its end of year financial statements at 31 December 2020. The balance sheet shows only two non-current assets, buildings and equipment. After depreciation entries were completed for the year ending 31 December 2020, the accumulated depreciation of its non-current assets were as follows: $ Buildings 24,200,000 Accumulated Depreciation (5,000,000) Equipment 7,000,000 Accumulated Depreciation (3,800,000) The company applies the revaluation model to buildings and the cost model to equipment. At 31 December 2020, the following...

Social Security (SS) within two decades will need to increasethe payroll tax revenues or reduce...

Social Security (SS) within two decades will need to increase the payroll tax revenues or reduce the benefits paid to retirees, if the Social Security program is to remain financially viable. Proposed policies to address the program’s viability include: increasing the full-benefit retirement age; reducing the rate at which current retirees’ benefits are indexed for inflation; taxing current benefits received by high-income elderly; and increasing the payroll tax wage ceiling. Which two of the four proposals will reduce the social...

Question