Storax manufacturing purchases equipment for $50,000. the equipment has an expected life of 10 years and an estimated salvage value of $2,000. storax expects the new equipment to generate annual cost savings of $8,000. what is the payback period for the equipment

Being an expert problem solver is something you're either born with or not. true or false

Adrawback of short-term contracting as an alternative to making a component in-house is thata. it is the most-integrated alternative to performing an activity so the principal company has no control over the agent. b. the supplying firm has no incentive to make any transaction-specific investments to increase performance or quality. c. it fails to allow a long planning period that individual market transactions provide. d. the buying firm cannot demand lower prices due to the lack of a competitive bidding process.

Both a demand curve and a demand schedule show how a. prices affect consumer demand. b. consumer demand affects income. c. prices affect complementary goods. d. consumer demand affects substitute goods.