Fifteen families live in Willow Canyon. Although several water wells have been drilled, none has produced water. The residents take turns driving a water truck to a fill station in a nearby town. The water is hauled to a storage tank in Willow Canyon. Last year truck and water expenses totaled $6200. What rate of return would the Willow Canyon residents receive on a new water supply pipeline costing $100,000 that would replace the truck? The pipeline is considered to last (a) Forever. (b) 100 years. (c) 50 years. (d) Would you recommend that the pipeline be installed? Explain
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
Fifteen families live in Willow Canyon. Although several water wells have been drilled, none has produced water. The residents take turns driving a water truck to a fill station in a nearby town. The water is hauled to a storage tank in Willow Canyon. Last year truck and water expenses totaled $6200. What
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