Calculate the customer per day.

Question

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Answer 1

Question

Chapter 11, Problem 1P

To determine

Calculate the customer per day.

Expert Solution & Answer

Explanation of Solution

Time period is denoted by n and the interest is denoted by i. Customer per day (CP) can be calculated as follows.

BC=Annual receipt−Annual expenseInvestment(i(1+i)n(1+i)n−1)−Salvage value(i(1+i)n−1)=100,000−50,000200,000(0.15(1+0.15)10(1+0.15)10−1)−10,000(0.15(1+.15)10−1)=1.27

Customer per day is 3,805.

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Students have asked these similar questions

Discuss the preferred deterrent method employed by the Zambian government to combat tax evasion, monetary fines. As noted in the reading the potential penalty for corporate tax evasion is a fine of 52.5% of the amount evaded plus interest assessed at 5% annually along with a possibility of jail time. In general, monetary fines as a deterrent are preferred to blacklisting of company directors, revoking business operation licenses, or calling for prison sentences. Do you agree with this preference? Should companies that are guilty of tax evasion face something more severe than a monetary fine? Something less severe? Should the fine and interest amount be set at a different rate? If so at why? Provide support and rationale for your responses.

answer

Discuss the preferred deterrent method employed by the Zambian government to combat tax evasion, monetary fines. As noted in the reading the potential penalty for corporate tax evasion is a fine of 52.5% of the amount evaded plus interest assessed at 5% annually along with a possibility of jail time. In general, monetary fines as a deterrent are preferred to blacklisting of company directors, revoking business operation licenses, or calling for prison sentences. Do you agree with this preference? Should companies that are guilty of tax evasion face something more severe than a monetary fine? Something less severe? Should the fine and interest amount be set at a different rate? If so at why? Provide support and rationale for your responses.

Answer 2

Question

Chapter 11, Problem 1P

To determine

Calculate the customer per day.

Expert Solution & Answer

Explanation of Solution

Time period is denoted by n and the interest is denoted by i. Customer per day (CP) can be calculated as follows.

BC=Annual receipt−Annual expenseInvestment(i(1+i)n(1+i)n−1)−Salvage value(i(1+i)n−1)=100,000−50,000200,000(0.15(1+0.15)10(1+0.15)10−1)−10,000(0.15(1+.15)10−1)=1.27

Customer per day is 3,805.

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Answer 3

Question

Chapter 11, Problem 1P

To determine

Calculate the customer per day.

Expert Solution & Answer

Explanation of Solution

Time period is denoted by n and the interest is denoted by i. Customer per day (CP) can be calculated as follows.

BC=Annual receipt−Annual expenseInvestment(i(1+i)n(1+i)n−1)−Salvage value(i(1+i)n−1)=100,000−50,000200,000(0.15(1+0.15)10(1+0.15)10−1)−10,000(0.15(1+.15)10−1)=1.27

Customer per day is 3,805.

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Answer 4

Question

Chapter 11, Problem 1P

To determine

Calculate the customer per day.

Expert Solution & Answer

Explanation of Solution

Time period is denoted by n and the interest is denoted by i. Customer per day (CP) can be calculated as follows.

BC=Annual receipt−Annual expenseInvestment(i(1+i)n(1+i)n−1)−Salvage value(i(1+i)n−1)=100,000−50,000200,000(0.15(1+0.15)10(1+0.15)10−1)−10,000(0.15(1+.15)10−1)=1.27

Customer per day is 3,805.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 11, Problem 1P

To determine

Calculate the customer per day.

Expert Solution & Answer

Explanation of Solution

Time period is denoted by n and the interest is denoted by i. Customer per day (CP) can be calculated as follows.

BC=Annual receipt−Annual expenseInvestment(i(1+i)n(1+i)n−1)−Salvage value(i(1+i)n−1)=100,000−50,000200,000(0.15(1+0.15)10(1+0.15)10−1)−10,000(0.15(1+.15)10−1)=1.27

Customer per day is 3,805.

Answer 6

Chapter 11, Problem 1P

To determine

Calculate the customer per day.

Expert Solution & Answer

Explanation of Solution

Time period is denoted by n and the interest is denoted by i. Customer per day (CP) can be calculated as follows.

BC=Annual receipt−Annual expenseInvestment(i(1+i)n(1+i)n−1)−Salvage value(i(1+i)n−1)=100,000−50,000200,000(0.15(1+0.15)10(1+0.15)10−1)−10,000(0.15(1+.15)10−1)=1.27

Customer per day is 3,805.

Answer 7

Chapter 11, Problem 1P

To determine

Calculate the customer per day.

Answer 8

Expert Solution & Answer

Explanation of Solution

Time period is denoted by n and the interest is denoted by i. Customer per day (CP) can be calculated as follows.

BC=Annual receipt−Annual expenseInvestment(i(1+i)n(1+i)n−1)−Salvage value(i(1+i)n−1)=100,000−50,000200,000(0.15(1+0.15)10(1+0.15)10−1)−10,000(0.15(1+.15)10−1)=1.27