On January 1, Town Spa Pizza purchased a delivery truck for $36,000. The truck has an estimated useful life of 10 years or 140,000 miles and an estimated residual value of $8,000. Town Spa’s fiscal year is the calendar year. Calculate the amounts requested below.
1)Depreciation Expense for the year, using the production method. Assume 22,000 miles were driven this year:
| A) $4,400 | B) $5,657 |
| C)2,800 | D)3,600 |
2)The total accumulated depreciation after the truck has been used for 5 years, using the straight-line method.
| A)$22,000 | B)$2,800 |
| C)$13,000 | D)$14,000 |
3) Depreciation Expense for year 3 of use, using the double-declining balance method.
| A)$ 4,032 | B)$5,184 |
| C)$3,584 | D)$4,608 |
4)Assume the truck was purchased on September 20. The depreciation expense for calendar year 2 of use, using the double-declining balance method, would be:
| A)$4,750 | B)$6,840 |
| C)$3,656 | D)$5,320 |
In: Accounting
In: Accounting
Professor drives a Tesla to travel from city ? to city ?. The distance between cities ? and ? is ? miles. The Tesla can go up to ? miles before it needs a charge and there are many charging locations along the way including those in city ? and city ?. Professor wants to minimize the number of charges needed so he can get to his destination ASAP. Assume that at any charging location there is at least another charging location within a t mile radius.
For example, for ? = 10, t = 4 and the following charging
locations (underlined)
(?)1 2 3 4 5 6 7 8 9 10 11(?)
the numbers of charges needed is 2 (at #4 and #8).
Professor ? promises to give you an A in his class if you can design a procedure to help him to achieve the goal. Does your procedure provide an optimal solution? Why or why not? Write a pseudo-code for your procedure. Show its correctness and complexity.
Please use C++.This is all of the given information.
In: Computer Science
10. The Westchester County Superintendent of Education is responsible for assigning students to the three magnet high schools in her county. She recognizes the need to bus a certain number of students, for several sectors of the county are beyond walking distance to a magnet school. The superintendent partitions the county into five geographic sectors as she attempts to establish a plan that will minimize the total number of student miles traveled by bus. She also recognizes that if a student happens to live in a certain sector and is assigned to the magnet high school in that sector, there is no need to bus him/her since he/she can walk to school. The three magnet schools are located in sectors B, C, and E. The accompanying table reflects the number of magnet high-school-age students living in each sector and the distance in miles from each sector to each school. Each Magnet High School has a capacity of 900 students. Set up the objective function and constraints of this problem, and solve using MS Excel. this question was answered need solver help
In: Advanced Math
Are you thinking of bypassing a gasoline-fueled car in favor of a hybrid (gasoline and electric) automobile? Let's take a look at the relative economics of your possible choice. Let's say the gasoline-fueled car sells for$21,000 and gets 25 miles per gallon(mpg) of fuel, while the competing hybrid car sells for $26,000 and averages 36.5 mpg. The expected resale value of the hybrid car is $9,100 and that of the gasoline-only car is $7,100 after five years of anticipated ownership. If you drive 16,000 miles per year and gasoline cost will average $4.00
per gallon, what is the internal rate of return (IRR) on the incremental investment in the hybrid automobile relative to the gasoline-only car? Assume that all other maintenance and operating costs are the same for the two vehicles.
Using the "trial-and-error" method, the incremental IRR is
____.
(Round to one decimal place.)
Based on this analysis, if your investments typically give you a MARR is
5%,
which vehicle should you buy?
In: Economics
In recent years, Avery Transportation purchased three used
buses. Because of frequent turnover in the accounting department, a
different accountant selected the depreciation method for each bus,
and various methods were selected. Information concerning the buses
is summarized as follows.
|
Bus |
Acquired |
Cost |
Salvage |
Useful Life |
Depreciation |
|||||
| 1 | 1/1/13 | $97,200 | $5,700 | 5 | Straight-line | |||||
| 2 | 1/1/13 | 122,000 | 10,000 | 5 | Declining-balance | |||||
| 3 | 1/1/14 | 78,200 | 8,000 | 4 | Units-of-activity |
For the declining-balance method, the company uses the
double-declining rate. For the units-of-activity method, total
miles are expected to be 117,000. Actual miles of use in the first
3 years were: 2014, 27,600; 2015, 32,400; and 2016, 30,400.
question 1=
Compute the amount of accumulated depreciation on each bus at December 31, 2015. (Round answers to 0 decimal places, e.g. 2,125.)
|
2015 |
||
|
BUS 1 |
$ | |
|
BUS 2 |
$ | |
|
BUS 3 |
$ |
In: Accounting
QUESTION 12
Shock Absorbers Question 3
A manufacturer of automobile shock absorbers was interested in
comparing the durability of its shocks with that of the shocks
produced by its biggest competitor. To make the comparison, one of
the manufacturer's and one of the competitor's shock absorbers were
randomly selected and installed on the rear wheels of each of six
cars. After the cars had been driven for 20,000 miles, the strength
of each test shock absorber was measured, coded, and recorded;
results are shown in the table below. Note that the higher the
measurement, the more durable is the shock absorber.
Shock Absorber Strength
|
Car |
Manufacturer’s |
Competitor’s |
|
1 |
8.8 |
8.4 |
|
2 |
10.5 |
10.1 |
|
3 |
12.5 |
12.0 |
|
4 |
9.7 |
9.3 |
|
5 |
9.6 |
9.0 |
|
6 |
13.2 |
13.0 |
If one wants to demonstrate that the mean strength of the
manufacturer’s brand exceeds that of the competitor’s by at least
0.5 units after 20,000 miles of use, what is the p-value of the
appropriate test of hypotheses?
| a. |
0.309 |
|
| b. |
0.168 |
|
| c. |
0.293 |
|
| d. |
0.503 |
|
| e. |
0.907 |
In: Statistics and Probability
Jim is a lawyer who works for GT Law Firm in Dallas, Texas. Jim lives in Frisco, Texas which is 25 miles from his office in Dallas. Jim does not like Frisco and ankdecides it would be best to move to Fort Worth, Texas and commute the 109 miles to the firm in Dallas. Jim incurs $2,500 of moving expenses. After moving to Fort Worth, the partners in the law firm take notice of Jim’s dedication and give him 100 stock options as part of his compensation. The value of the firm’s stock is $100 per share and the option exercise price is $105. Two years after receiving the options,Jim exercises the options when the stock price is $125 per share. Three years after that, Jim sells the stock for $120 per share and then leaves the firm to start his own firm. How much (if any) of a deduction for moving expenses is Jim entitled to? What are the tax consequences of the transactions related to the stock options?
In: Accounting
Karen Battle, owner of Flower Hour, operates a local chain of floral shops. Each shop has its own delivery van. Instead of charging a flat delivery fee, Battle wants to set the delivery fee based on the distance driven to deliver the flowers. Battle wants to separate the fixed and variable portions of her van operating costs so that she has a better idea how delivery distance affects these costs. She has the following data from the past seven months:
Data Set:
| Month | Miles Driven | Van Operating Cost |
| Janu | 15800 | 5460 |
| Feb | 17300 | 5680 |
| Mar | 14600 | 4940 |
| Apr | 16000 | 5310 |
| May | 17100 | 5830 |
| Jun | 15400 | 5420 |
| Jul | 14100 | 4880 |
1. Use the high-low method to determine Flower Hour's operating cost equation.
2. Use the operating cost equation you determined above to predict van operating costs at a volume of
14,500 miles.
Show Calculations.
In: Accounting
(a)Evaluate the following set of data for possible and probable
outliers.
5 8 2 9 5 3 7 4 2 7 4 10 4 3 17
(b) A firm pays 5/12 of its labor force an hourly wage of $5, 1/3
of the labor force a wage
of $6 and ¼ a wage of $7. Determine the average wage paid by the
firm.
(c)For the same amount of capital invested in each of 3 years, an
investor earned a rate of
return of 1%during the first year, 4% during the second year and
16% during the third.
Find the simple arithmetic mean and the geometric mean. Which do
you think is a more
appropriate in this case? Explain.
(d) A plane travelled 200 miles at 600 mph and 100 miles at 500mph.
What was the
average speed for the entire journey?
(e) A driver purchased $10 worth of gasoline at $0.90 per gallon
and another $10 at
$1.10 per gallon. What is the average price per gallon?
In: Statistics and Probability