Benson Airlines is a small airline that occasionally carries overload shipments for the overnight delivery company Never-Fail, Inc. Never-Fail is a multimillion-dollar company started by Wes Never immediately after he failed to finish his first accounting course. The company’s motto is “We Never-Fail to Deliver Your Package on Time.” When Never-Fail has more freight than it can deliver, it pays Benson to carry the excess. Benson contracts with independent pilots to fly its planes on a per-trip basis. Benson recently purchased an airplane that cost the company $6,175,000. The plane has an estimated useful life of 24,700,000 miles and a zero salvage value. During the first week in January, Benson flew two trips. The first trip was a round-trip flight from Chicago to San Francisco, for which Benson paid $300 for the pilot and $250 for fuel. The second flight was a round trip from Chicago to New York. For this trip, it paid $250 for the pilot and $125 for fuel. The round trip between Chicago and San Francisco is approximately 4,900 miles and the round trip between Chicago and New York is 1,300 miles.

1. Determine the total cost of each trip.

Retirement paid from partnership assets.

Dale Nagel, Keith White, and Todd Rundgren have capital balances of $95,000, $75,000, and $60,000 respectively.  They share income or loss on a 5:3:2 basis.  Journalize White’s withdrawal/retirement from the partnership under each of the following conditions:

1. White is paid $82,000 in cash from partnership assets, and a bonus is granted to the retiring partner.

2. White is paid $68,000 in cash from partnership assets, and bonuses are granted to the remaining partners.

2) Retirement paid by personal assets. (cash was paid by one of the remaining partners, i.e. partnership did not pay the retiring partner…no cash)

Mary Toshiba, Vera Miles, and Debra Noll have capital balances of $50,000, $30,000, and $22,000, respectively, and their income ratios are 5:3:2.  Journalize Noll’s withdrawal/retirement from the partnership under each of the following independent conditions:

1. Toshiba and Miles agree to purchase Noll’s equity by paying $15,000 each from their personal assets.  Each purchaser receives 50% of Noll’s equity.

2. Miles agrees to purchase all of Noll’s equity by paying $22,000 cash from her personal assets.

3. Toshiba agrees to purchase all of Noll’s equity by paying $26,000 cash from her personal assets.

Two car types underwent fuel efficiency tests. The table below summarizes the descriptive statistics generated from two samples of independent cars. Assume that both samples are from normal distributions with equal population variance: ? 1 ~?(? 1 , ? 2 ) and ? 2 ~?(? 2 , ? 2 ).

a) Is there sufficient evidence to claim that the first type of car runs on average below 25 miles per gallon (? 0 : ? 1 = 25 versus ? 1 : ? 1 < 25)? Conduct the test using p-value with

? = 0.1.

b) Find if ? for the test in part (a) is greater than or less than 0.1 when the true ? 1 = 20.

c) Can we claim that the two types of cars have the same fuel efficiency (? 0 : ? 1 = ?2 versus ? 1 : ? 1 ≠ ? 2 )? Conduct the test using p-value with ? = 0.05.

d) Can we claim that the first type is less fuel efficient than the second (? 0 : ? 1 = ? 2 versus ? 1 : ? 1 < ? 2 )? Conduct the test using critical region with ? = 0.05.

A local cleaning service has identified 4 activities that drive its costs. The service uses activity-based costing to estimate the costs of jobs prior to pricing them. They clean both commercial and residential properties. They have the following budgets for the upcoming year:

A residential customer has called and would like price quote to have his property cleaned next week. The property is a 20 mile round-trip to/from the cleaning personnel. It should take about 4 hours to clean it and the house is 1,000 square feet.

What would you recommend the price quote be to this customer? Support your answer with clear calculations of your cost estimate and about your pricing strategy.

Two car types underwent fuel efficiency tests. The table below summarizes the descriptive statistics generated from two samples of independent cars. Assume that both samples are from normal distributions with equal population variance: ? 1 ~?(? 1 , ? 2 ) and ? 2 ~?(? 2 , ? 2 ).

a) Is there sufficient evidence to claim that the first type of car runs on average below 25 miles per gallon (? 0 : ? 1 = 25 versus ? 1 : ? 1 < 25)? Conduct the test using p-value with

? = 0.1.

b) Find if ? for the test in part (a) is greater than or less than 0.1 when the true ? 1 = 20.

c) Can we claim that the two types of cars have the same fuel efficiency (? 0 : ? 1 = ?2 versus ? 1 : ? 1 ≠ ? 2 )? Conduct the test using p-value with ? = 0.05.

d) Can we claim that the first type is less fuel efficient than the second (? 0 : ? 1 = ? 2 versus ? 1 : ? 1 < ? 2 )? Conduct the test using critical region with ? = 0.05.

The Shelby District Electric Company, headquartered in Joplin, Missouri, provides electric services and also distributes natural gas to customers primarily in the state Missouri, Kansas, Oklahoma, and Arkansas. A devastating tornado with winds exceeding 200 miles per hour hit Joplin on May 22, 2011 killing over 160 people. Property damage was extensive with a path of destruction of 13 miles long and up to three-fourths of a mile wide. For Shelby district, 4,000 power poles and 100 miles of electric lines were down; six substations were damaged leaving approximately 20,000 customer without power. The company suspended its dividend in the face of storm costs that might reach $30 million. The following summary financial items are taken from the financial statements for the year ending December 31, 2011 (dollars in thousands).

Compute the following four ratios. In one sentence per ration, explain what it tells you about Shelby District,

1. Deb-to-equity

2. Long-term-debt-to-total-capital

3. Debt to total assets

4. Interest-coverage ratio

home / study / business / accounting / accounting questions and answers / iverson company purchased a delivery truck for $45,000 on january 1, 2015. the truck was assigned ... Your question needs more information to be answered. A Chegg Expert needs more info to provide you with the best answer. See comments below. Question: Iverson Company purchased a delivery truck for $45,000 on January 1, 2015. The truck was assigned... Edit question Iverson Company purchased a delivery truck for $45,000 on January 1, 2015. The truck was assigned an estimated useful life of 5 years and has a residual value of $10,000 and the truck was assigned an estimated useful life of 100,000 miles. Using the attached Excel File, compute and label each type of depreciation expense under following independent methods. Straight line method for years 2015 and 2016. Assume you disposed of the asset on July 1, 2017 and no cash was received. Calculate the gain or loss for this disposal as of that date.

Double Declining Balance method for years 2015, 2016, and 2017. What is the book value of the truck as of December 31, 2017?

The truck was driven 18,000 miles in 2015 and 22,000 miles in 2016. Compute depreciation expense using the units-of-activity method for the years 2015 and 2016

16. If a sample of oxygen gas is collected over water at a pressure of 0.921 atm and 23°C, whatis the partial pressure of the oxygen gas?

17. A mixture of gases exerting a pressure of 1.11 atm consists of 0.20 mol of O2 gas, 0.3 mol of H2 gas, and 0.7 mol of CO2 gas. What is the partial pressure of the O2

gas, the H2 gas andthe CO2 gas?

18. 0.5 mol of O2 is added to a cylinder containing 0.7 mol of H2 at 0.6 atm. What is the molefraction of each gas? What is the partial pressure of O2

and the total pressure of thecylinder?

Given the following linear optimization model, transform this model into the required form and solve using Solver.

Objective function: 8.2? + 7.0? + 6.5? + 9.0? = ??????? ????

Constraints: 6? + 2? + 5? + 7? ≥ 820

?/? + ? + ? + ? ≥ 0.3

? + ? ? + ? ≥ 0.2

? ≥ ? + D

Please Use Excel