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a. $1,000 in Slice Pizza Corp. in 2010 and sold his�shares�for a total of $1,200 a
year later.
b. $12000 in Startup Manufactring company in 2010 and sold his�shares�for a total
of $1,5000 a year later.
c. $15000 to a friend in 2010 and received total of $1,8000 a year later.
5.The management of Health Supplement Inc. wants to reduce its labor cost by
installing a new machine. Two types of machines are available in the market �
machine X
and machine Y. Machine X would cost $18,000 whereas machine Y would cost $15,000.
Both the machines can reduce annual labor cost by $3,000.
Required: Which is the best machine to purchase according to payback method?