The surface area of a certain plant that requires painting is 8,000 sq.ft. Two kinds of paint are available whose brands are A and B. Paint A costs P1.40 per sq.ft. but needs renewal at the end of every 4 years, while paint B costs P1.80 per sq.ft. If money is worth 12% effective, how often should paint B be renewed so that it will be as economical as Paint A?

The surface area of a certain plant that requires painting is 8,000 sq.ft. Two kinds of paint are available whose brands are A and B. Paint A costs P1.40 per sq.ft. but needs renewal at the end of every 4 years, while paint B costs P1.80 per sq.ft. If money is worth 12% effective, how often should paint B be renewed so that it will be as economical as Paint A?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 8EB: Shonda & Shonda is a company that does land surveys and engineering consulting. They have an...

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