Question
In: Math
A toy tractor sold for $203 in 1977 and was sold again in 1989 for $...
A toy tractor sold for $203 in 1977 and was sold again in 1989 for $ 466. Assume that the growth in the value V of the collector's item was exponential.
a. ) Find the value k of the exponential growth rate. Assume Vo=203
b. ) Find the exponential growth function in terms of t, where t is the number of years since 1977
c. ) Estimate the value of the toy tractor in 2015
d. ) What is the doubling time for the value of the toy tractor to the nearest tenth of a year?
e. ) Find the amount of time after which the value of the toy tractor will be $2931.
Solutions
milcah answered 2 years agoRelated Solutions
A doll sold for ?$215 in 1975 and was sold again in 1989 for $488. Assume...
A doll sold for ?$215 in 1975 and was sold again in 1989 for
$488. Assume that the growth in the value V of the? collector's
item was exponential.
?a) Find the value k of the exponential growth rate. Assume
Vo=215.
?(Round to the nearest? thousandth.)
?b) Find the exponential growth function in terms of? t, where t
is the number of years since 1975
?V(t)=
?c) Estimate the value of the doll in 2015.
?(Round to the nearest? dollar.)...
3.Tractor Corporation produces toy tractors. What is the combined total of the flexible budget variances? The...
3.Tractor Corporation produces toy tractors. What is the combined
total of the flexible budget variances?
The company uses the following direct cost categories:
Category
Standard Inputs
for 1 output
Std. Cost
per input
Direct Materials
4.00
$12.50
Direct Labour
1.40
9.50
Direct Marketing
0.54
5.50
Actual performance for the company is shown below:
Actual output: 5,000 units
Direct Materials:
Materials costs
$299,000
Input purchased and used
23,000
Actual price per input
$13.00
Direct Manufacturing Labour:
Labour costs
$95,000
Labour-hours of...
Strawberry Fields purchased a tractor at a cost of $39,000 and sold it two years later...
Strawberry Fields purchased a tractor at a cost of $39,000 and
sold it two years later for $24,900. Strawberry Fields recorded
depreciation using the straight-line method, a five-year service
life, and an $7,000 residual value.
1. What was the gain or loss on the sale?
2. Record the sale. (If no entry is
required for a particular transaction/event, select "No Journal
Entry Required" in the first account field.)
Strawberry Fields purchased a tractor at a cost of $37,000 and sold it two years later...
Strawberry Fields purchased a tractor at a cost of $37,000 and
sold it two years later for $23,800. Strawberry Fields recorded
depreciation using the straight-line method, a five-year service
life, and an $7,000 residual value.
1. What was the gain or loss on the sale?
2. Record the sale. (If no entry is
required for a particular transaction/event, select "No Journal
Entry Required" in the first account field.)
Abbott Landscaping purchased a tractor at a cost of $44,000 and sold it three years later...
Abbott Landscaping purchased a tractor at a cost of $44,000 and
sold it three years later for $19,600. Abbott recorded depreciation
using the straight-line method, a five-year service life, and a
$1,500 residual value. Tractors are included in the Equipment
account.
1. Record the sale.
2. Assume the tractor was sold for $15,400
instead of $19,600. Record the sale.
logan's Landscaping purchased a tractor at a cost of $35,000 and sold it three years later...
logan's Landscaping purchased a tractor at a cost of
$35,000 and sold it three years later for $10,000. Landscaping
recorded deprecation using the straight-line method, a five-year
service life, and a 5000 residue little value. Factors are included
in the equipment account. The journal entry to record the sale
would include
Tractor Corporation produces toy tractors. The company uses the following direct cost categories: Category Standard Inputs...
Tractor Corporation produces toy tractors. The company uses the
following direct cost categories:
Category
Standard Inputs
for 1 output
Std. Cost
per input
Direct Materials
4.00
$12.50
Direct Labour
1.40
9.50
Direct Marketing
0.54
5.50
Actual performance and budgeted performance for the company is
shown below:
Actual output: (in units) 5,000
Direct Materials:
Materials costs
$299,000
Input purchased and used
23,000
Actual price per input
$13.00
Direct Manufacturing Labour:
Labour costs
$ 95,000
Labour-hours of input
9,500
Actual price per...
Tractor Corporation produces toy tractors. The company uses the following direct cost categories: Category Standard Inputs...
Tractor Corporation produces toy tractors. The company uses the
following direct cost categories:
Category
Standard Inputs
for 1 output
Std. Cost
per input
Direct Materials
4.00
$12.50
Direct Labour
1.40
9.50
Direct Marketing
0.54
5.50
Actual performance and budgeted performance for the company is
shown below:
Actual output: (in units) 5,000
Direct Materials:
Materials costs
$299,000
Input purchased and used
23,000
Actual price per input
$13.00
Direct Manufacturing Labour:
Labour costs
$ 95,000
Labour-hours of input
9,500
Actual price per...
On April 19, 2021, Millipede Machinery sold a tractor to Thomas Hartwood, accepting a note promising...
On April 19, 2021, Millipede Machinery sold a tractor to Thomas Hartwood, accepting a note promising payment of $250,000 in five years. The applicable effective interest rate is 8%. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)What amount of sales revenue would Millipede recognize on April 19, 2021, for the Hartwood transaction? (Round your final answer to nearest whole dollar.)
Suppose that, in the Bondi toy shop, the number of marbles sold in a day has...
Suppose that, in the Bondi toy shop, the number of marbles sold
in a day has a mean of m= 2800 and standard deviation of s=
340.
If we calculate the mean number of marbles sold per day over 100
days for many salespeople:
1. What is the standard error of the sample mean? (integer)
2. What will be the 10th percentile of this distribution of
sample means? (integer)
3. What will be the 74th percentile of this distribution of...
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