The overhead costs in a highly automated factory are expecte…

The overhead costs in a highly automated factory are expected to increase at an annual compound rate of 9.0% for the next 7 years. The overhead cost at the end of the first year is $180,000. What is the annual worth of the overhead costs for the 7-year period? The time value of money rate is 9%/year.

Mayberry, Inc., is considering a design change that will cos…

Mayberry, Inc., is considering a design change that will cost $6,000 and will result in an annual savings of $1,000 per year for the 6-year life of the project. A cost of $2,000 will be avoided at the end of the project as a result of the change. MARR is 8%/year. What is the annual worth of this investment? Should Mayberry implement the design change? Why or why not? Type your answers below.

Wesley is a college student and works part-time as a math tu…

Wesley is a college student and works part-time as a math tutor in his school’s learning center. The probability table below shows the probability of Wesley being asked a certain number of questions while working in the learning center for an hour. Use this information to answer this question.    Probability Table Number of Questions 0 1 2 3 4 5 6 Probability 0.12 0.08 0.10 0.27 0.32 0.09 0.02   What is the probability that Wesley is asked anywhere from 1 to 4 questions over the course of an hour of working in the learning center? Type your answer in as a decimal rounded to 2 decimal places. For example, if you thought the answer was 0.12345 then you would type in 0.12.

At the end of 2020, Integra had a cash (and equivalent) bala…

At the end of 2020, Integra had a cash (and equivalent) balance of about $15.2 million, and its revenues for that year were $71.6 million. By the end of 2023, Integra’s cash balance increased by more than 13 times to $206.7 million, and its revenues grew by about 2.6 times to $185.6 million. Speculate why the large increase in cash relative to revenues? What are the potential reasons a company would hold such excess in cash?