Assume that at the beginning of 2015 Fast Delivery purchased a used Jumbo 747 aircraft at a cost of $55,200,000. Fast Delivery expects the plane to remain useful for five years ​(6,800,000 ​miles) and to have a residual value of $5,200,000. Fast Delivery expects to fly the plane 835,000 miles the first​ year, 1,225,000 miles each year during the​ second, third, and fourth​ years, and 2,290,000 miles the last year.

1. Compute Fast Delivery​'s depreciation for the first two years on the plane using the following​ methods:

a. ​Straight-line method

b. ​Units-of-production method​ (round depreciation per mile to the closest​ cent)

c. ​Double-declining-balance method

2. Show the​ airplane's book value at the end of the first year under each depreciation method.

Answers:

A. Using the straight-line method, depreciation is $_________ for 2015 and $__________ for 2016.

B. Using the units-of-production method, depreciation is $__________ for 2015 and $__________ for 2016

C. Using the doubling-decling-balance method, depreciation is $_________ for 2015 and $________ for 2016

2.  

The book’s Atlanta Commute (distance) dataset (available directly on StatKey) provides
the commute distances in miles for 500 randomly chosen people who work in the Atlanta
metropolitan area.
(a) Use StatKey to obtain the mean and standard deviation of the commute distances in this
sample.
(b) Use StatKey to create 5000 bootstrap samples and a bootstrap distribution of sample
means. What are the mean and standard error of your bootstrap distribution?
(c) Use your bootstrap distribution to determine 95% and 99% confidence intervals for the
average commute distance of workers in the Atlanta metropolitan area. Determine the
margin of error for each of these confidence intervals. What happens to the margin of
error as the confidence level increases?
(d) Based on your bootstrap distribution and your interval estimates, which of the following
is most likely and which is least likely?
i. the average commute distance for people who work in the Atlanta metropolitan area
is less than 20 miles
ii. the average commute distance for people who work in the Atlanta metropolitan area
is around 20 miles
iii. the average commute distance for people who work in the Atlanta metropolitan area
is greater than 20 miles
Explain.

Three different companies each purchased trucks on January 1, Year 1, for $60,000. Each truck was expected to last four years or 250,000 miles. Salvage value was estimated to be $5,000. All three trucks were driven 79,000 miles in Year 1, 47,000 miles in Year 2, 51,000 miles in Year 3, and 74,000 miles in Year 4. Each of the three companies earned $49,000 of cash revenue during each of the four years. Company A uses straight-line depreciation, company B uses double-declining-balance depreciation, and company C uses units-of-production depreciation.

Answer each of the following questions. Ignore the effects of income taxes.

Required

1. a-1. Calculate the net income for Year 1.

2. a-2. Which company will report the highest amount of net income for Year 1?

3. b-1. Calculate the net income for Year 4.

4. b-2. Which company will report the lowest amount of net income for Year 4?

5. c-1. Calculate the book value on the December 31, Year 3, balance sheet.

6. c-2. Which company will report the highest book value on the December 31, Year 3, balance sheet?

7. d-1. Calculate the retained earnings on the December 31, Year 4, balance sheet.

8. d-2. Which company will report the highest amount of retained earnings on the December 31, Year 4, balance sheet?

   e. Which company will report the lowest amount of cash flow from operating activities on the Year 3 statement of cash flows?

The Toyota Camry is one of the best-selling cars in North America. The cost of a previously owned Camry depends on many factors, including the model year, mileage, and condition. To investigate the relationship between the car’s mileage and the sales price for Camrys, the following data show the mileage and sale price for 19 sales (PriceHub web site, February 24, 2012).

Three different companies each purchased trucks on January 1, Year 1, for $72,000. Each truck was expected to last four years or 200,000 miles. Salvage value was estimated to be $7,000. All three trucks were driven 67,000 miles in Year 1, 42,000 miles in Year 2, 40,000 miles in Year 3, and 62,000 miles in Year 4. Each of the three companies earned $61,000 of cash revenue during each of the four years. Company A uses straight-line depreciation, company B uses double-declining-balance depreciation, and company C uses units-of-production depreciation. Answer each of the following questions. Ignore the effects of income taxes. Required a-1. Calculate the net income for Year 1. a-2. Which company will report the highest amount of net income for Year 1? b-1. Calculate the net income for Year 4. b-2. Which company will report the lowest amount of net income for Year 4? c-1. Calculate the book value on the December 31, Year 3, balance sheet. c-2. Which company will report the highest book value on the December 31, Year 3, balance sheet? d-1. Calculate the retained earnings on the December 31, Year 4, balance sheet. d-2. Which company will report the highest amount of retained earnings on the December 31, Year 4, balance sheet? e. Which company will report the lowest amount of cash flow from operating activities on the Year 3 statement of cash flows?

On January 8, 2017, Whitewater Riders purchased a van to transport rafters back to the point of departure after completing the on-the-water portion of the rafting adventures they operate. The cost of the van is $44,000 and Whitewater Rider expects to use the van for four years or 60,000 miles. The estimated selling price after four years is $2,000. The van was driven 12,000 miles in 2017, 18,000 miles in 2018, 21,000 miles in 2019, and 10,000 miles in 2020.

Required:

On the following Whitewater Riders worksheet, compute the annual depreciation expense and ending book value of the van using straight-line, double-declining, and units-of-production methods. In addition, answer the three questions below:

1.   Which method results in the highest net income for Whitewater Riders?

a. 2017 b. 2018 c. 2019. d. 2020

2.   Which method results in the lowest income tax liability for Whitewater Riders?

a. 2017 b. 2018 c. 2019. d. 2020

3.   Which method would you recommend Whitewater Riders use and why?  

Whitewater Riders

Schedule of Van Depreciation for years 2017- 2020

Depreciation Method       Year        Depreciation expense       Ending Book Value

Straight-line                       2017

Straight-line                       2018

Straight-line                       2019

Straight-line                       2020

Double-declining              2017

Double-declining              2018       

Double-declining             2019

Double-declining             2020

Units-of-production         2017     

Units-of-production         2018

Units-of-production         2019

Units-of-production         2020           

1. Urban Pizza bought a used Ford delivery van on January​ 2, 2018​, for $ 23000. The van was expected to remain in service for four years left parenthesis 102000 ​miles). At the end of its useful​ life, Urban management estimated that the​ van's residual value would be $ 2600. The van traveled 40000 miles the first​ year, 33000 miles the second​ year, 18000 miles the third​ year, and 11000 miles in the fourth year.

Instructions:

Prepare a schedule of depreciation expense per year for the van under the three depreciation methods.​ (For units-of-production and​ double-declining-balance methods, round to the nearest two decimal places after each step of the​ calculation.)

Which method best tracks the wear and tear on the​ van?

Which method would Urban prefer to use for income tax​ purposes? Explain your reasoning in detail.

2. Barn Sales Company completed the following note payable​ transactions:

1.How much interest expense must be accrued at December​ 31, 2018​? ​(Round your answer to the nearest whole​ dollar.)

2.Determine the amount of Barn ​Sales' final payment on July ​1, 2019.

3.How much interest expense will Barn Sales report for 2018 and for 2019​? ​(If needed, round your answer to the nearest whole​ dollar.)

Find the maximum value and minimum value in milesTracker. Assign the maximum value to maxMiles, and the minimum value to minMiles. Sample output for the given program:

Min miles: -10
Max miles: 40

import java.util.Scanner;

public class ArraysKeyValue {
public static void main (String [] args) {
Scanner scnr = new Scanner(System.in);
final int NUM_ROWS = 2;
final int NUM_COLS = 2;
int [][] milesTracker = new int[NUM_ROWS][NUM_COLS];
int i;
int j;
int maxMiles; // Assign with first element in milesTracker before loop
int minMiles; // Assign with first element in milesTracker before loop

for (i = 0; i < milesTracker.length; i++){
for (j = 0; j < milesTracker[i].length; j++){
milesTracker[i][j] = scnr.nextInt();
}
}

/* your solution goes here*/
  
minMiles = milesTracker[0][0];
maxMiles = milesTracker[0][0];
for (i=0; i<NUM_ROWS; ++i) {
for(j=0; j< NUM_COLS; ++j) {
if (milesTracker[i][j]> maxMiles)
maxMiles= milesTracker[i][j];
if (milesTracker[i][j]< minMiles)
minMiles= milesTracker[i][i];
}
}
/* Your solution goes here */

System.out.println("Min miles: " + minMiles);
System.out.println("Max miles: " + maxMiles);
}
}

when using the inputs -10 20 30 40 the code works fine, but when its run with different inputs the code can't seem the recognize the Min Miles (ie, 73 0 50 12, the code is suggesting 12 is the minimum output

What is the pH of a 1.0 M aqueous solution of HF?