9 A firm is considering whether to purchase or lease land-moving equipment.The data associated with the purchase are as followsInitial cost = $150,000Residual value = $12,000Maintenance cost = $1,800/per yearOperator cost per day = $300/dayIf the equipment is rented, the operator cost is incurred, at the rate of $300per day and $100 for the daily rental of the equipment.Determine the minimum number of days per year the equipment must beused to justify the purchase. Use an interest rate of 7%.Life = 10 years

Equivalent annual cost (EAC) of owning the asset is to be calculated first Present value of annuity…

Answered: A firm is considering whether to…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Year Quarter Period Cost/Unit ($) 1 1 1 $20.00 2 2 $17.23 3 3 $13.39 4 4 $17.94 2 1 5 $20.29 2 6 $25.61 3 7 $22.62 4 8 $29.63 3 1 9 $23.87 2 10 $20.35 3 11 $26.32 4 12 $25.50 4 1 13 $20.90 2 14 $28.48 3 15 $32.65 4 16 $25.78 5 1 17 $28.90 2 18 $32.61 3 19 $28.66 4 20 $25.27 6 1 21 $25.80 2 22 $35.71 3 23 $27.26 4 24 $27.89 7 1 25 $28.50 2 26 $28.64 3 27 $32.52 4 28 $28.24 8 1 29 $37.95 2 30 $28.59 3 31 $37.07 4 32 $38.16 Construct a time series plot. What type of pattern exists in the data? The time series plot shows a horizontal pattern.The time series plot shows a nonlinear trend pattern. The time series plot shows an upward trend pattern.The time series plot shows a downward trend pattern.The time series plot shows a seasonal pattern. (b) Use simple linear regression analysis to find the estimated parameters for the line that minimizes MSE for this time…
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