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#6) A 2000-gallon metal tank to hold hazardous materials cost $200,000 when it was fabricated 15...
A 1000-gallon metal tank cost $200,000 when it was built 12 years ago. What would a 2500-gallon tank cost today if the power–sizing exponent is 0.57 and the construction cost index for such facilities has increased from 270 to 900 over the last 12 years? Solve this as follows. i) Consider power-sizing only. ii) Then consider cost index too.
Question 6 15 pts 2000-gallon metal tank to store hazardous materials was bought 5 years ago at cost of $50,000. If a 5,000-gallon tank cost (close to) $86,643 today, what will be the power-sizing exponent? [2 decimal only 1. 2. 3. 4. 5. 1.73, 0.58, 0.60 0.23 1.44 3 1 2
A 8,000 gallon storage tank was purchased for $220,000 12 years ago. How much would a 12,000 gallon storage tank cost today if the power-sizing exponent were 0.71 and the cost index increased from 150 to 220 over the last 12 years. Express your answer in $ to the nearest $1,000
Question1 1 pts A 8,000 gallon storage tank was purchased for $160,000 12 years ago. How much would a 12,000 gallon storage tank cost today if the power-sizing exponent were 0.75 and the cost index increased from 150 to 220 over the last 12 years. Express your answer in $to the nearest $1,000.
Reference: Table 1 Tech Engineering in TN is making a product for the overseas market. The following cost data for the product has been compiled. Item Cost Selling price $167 | Materials and purchased parts | $25/unit Direct Labor | 2 hrs at $20 per hour Fixed Cost $1,400,000 2.1 The breakeven volume for this product is A) 14,433 B) 8,383 C) 20,000 D) None of these 2.2. To reduce the breakeven volume to 15,000 units, what should be the...