Jackson Inc. disposes of other companies’ toxic waste. Currently, Jackson loads the waste by hand into a truck, which requires labor of $30 per load. Jackson is considering a machine that would reduce the amount of time needed to load the waste. The machine would cost $318,000 but would reduce labor cost to $5 per load. Assume that Jackson averages 10,600 loads per year. How many years would it take for Jackson to recover the cost of the new machine? (Round your answer to 2 decimal places.)

Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period

The prebisch–singer hypothesis concludes that: a. technology lowers the cost of manufactured products, so developing countries should see an increase in their terms of trade. b. developing countries experience a long-run decline in their terms of trade, as the demand for primary products in higher-income countries declines relative to their demand for manufactured goods. c. because of unfair trading practices, labor in developing countries is exploited. d. opec has been responsible for a slowdown in the world's standard of living.

Large public water and sewer companies often become monopolies because they benefit from although the company faces high start-up costs, the firm experiences average production costs as it expands and adds more customers. smaller competitors would experience average costs and would be less