« previous next »

Author Question: If you are undecided as to whether you should rent or buy a piece of equipment that you use on a ... (Read 77 times)

dejastew

  • Hero Member
  • *****
  • Posts: 562
on: Jun 24, 2018
If you are undecided as to whether you should rent or buy a piece of equipment that you use on a regular basis, what steps can you take to help make your decision?

Question 2

What are the two types of income that are included in a budget? Give an example of each.


jesse.fleming

  • Sr. Member
  • ****
  • Posts: 301
Reply #1 on: Jun 24, 2018
Answer to Question 1

Calculate the annual cost of renting the equipment. Then calculate how many years it would take for the rental price to exceed the purchase price. If the rental price quickly exceeds the purchase price, it may be a good idea to purchase the equipment.

Answer to Question 2

fixed income, example: weekly wages or monthly salary; variable income, example: stock dividends


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Oxygen Equipment 2 Oxygen Equipment 2
Demonstrating the use of venipuncture equipment. Holding a butterfly needle in place with a ... Demonstrating the use of venipuncture equipment. Holding a butterfly needle in place with a ...
A three-piece filler tube assembly. A three-piece filler tube assembly.
Portable tabletop equipment that provides support for recipients receiving massage. Portable tabletop equipment that provides support for recipients receiving massage.
Equipment Used During the Physical Assessment Equipment Used During the Physical Assessment
A Girl Breathes Mist Through a Nebulizer, with a Bite Piece in Her Mouth A Girl Breathes Mist Through a Nebulizer, with a Bite Piece in Her Mouth
Video: Sex-Linked Traits! How are eye colors inherited in fruit flies?

For a complete list of videos, visit our video library