W09 Final Solutions

W09 Final Solutions - Final Exam February 19,2009 Name:

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Final Exam February 19,2009 Name: __________________________________UMID:___________ Please note that there are 5 problems on this exam, for a total of 100 points. Point values are indicated next to each problem please take these into consideration as you budget your time during the exam. Ifyou are having difficulty with a question, sometimes it is beneficial to work on another question, and then come back. You must show your work in order to receive full credit. Clearly identif’ your final answers (with a box, etc.) This is a closed book, closed notes exam; you are permitted to use the following in the exam: One sheet of double-sided, selfmade notes Calculator, without the ability to transmit data Pens, pencil, erasers, etc. You are obligated to comply with the Honor Code ofthe College ofEngineering. You are not allowed to receive or give aid on this examination; in particular, you are not allowed to discuss this exam with anyone who may be taking it at a later date. After you have completed the examination, please write the following Honor Pledge: “I have neither given nor received aid on this examination,” and sign your name below. Instructors are not required to grade tests in which the signed Honor Pledge does not appear. Signature: 1
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Point Summary Question Points Out of 1 15 2 10 3 4 20 5 TOTAL 100 2
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Question 1 (15 points) Your company is trying to decide which forklift truck to purchase for use in its distribution center. Cost information for each truck is provided below. Forklift A Forklift B Purchase price $13,000 $18,000 Annual Operating Costs $1500 $1000 Annual Maintenance Expense $600 $450 Useful life 5 years 7 years The forklift will be needed for 10 years. The remaining market value of Truck A declines at a rate of 10% each year from its original purchase price while the remaining market value of Truck B declines at a rate of 12% each year from its original purchase price. Assume that no significant changes are expected in the future costs
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W09 Final Solutions - Final Exam February 19,2009 Name:

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