In 1988, Pearl Limited completed the construction of a building at a cost of $1.76 million; it occupied the building in January 1989. It was estimated that the building would have a useful life of 40 years and a residual value of $400,000.

Early in 1999, an addition to the building was constructed at a cost of $760,000. At that time, no changes were expected in its useful life, but the residual value with the addition was estimated to increase by $190,000. The addition would not be of economic use to the company beyond the life of the original building.

In 2017, as a result of a thorough review of its depreciation policies, company management determined that the building’s original useful life should have been estimated at 30 years. The neighbourhood where the building is has been going through a renewal, with older buildings being torn down and new ones being built. Because of this, it is now expected that the company’s building and addition are unlikely to have any residual value at the end of the 30-year period. Pearl Limited follows IFRS for its financial statements.

Calculate the annual depreciation that was charged from 1999 through 2016.

Annual depreciation, 1999 through 2016

(Steven’s Bikes began operations in April 2017 and had the following transactions.

Owner invested $120,000 cash and a truck worth $36,000 in exchange for stock.

Paid $84,000 cash for 6 months’ rent.

Purchased $300,000 of bicycle inventory on credit.

Sold bicycles for cash of $507,000. The cost of the bikes sold was $180,000.

Sold and invoiced bicycles to a client for $95,400. The cost of the bikes sold was $48,000.

Paid $90,000 cash for an advertising campaign in connection with Tour de France. The campaign will run over the next two of months.   

Paid $24,000 in cash for supplies to have on hand for bike repairs.

Collected $60,000 from accounts receivable.

Paid for bikes purchased on credit in Transaction c above.

Paid cash dividends of $3,000.

Received $6,000 cash from a customer as a deposit for a custom bicycle to be built.

Required: Record each transaction a) through k) in the financial statements effects template, below.

Washington County’s Board of Representatives is considering the construction of a longer runway at the county airport. Currently, the airport can handle only private aircraft and small commuter jets. A new, long runway would enable the airport to handle the midsize jets used on many domestic flights. Data pertinent to the board’s decision appear below.

In addition to the preceding data, two other facts are relevant to the decision. First, a longer runway will require a new snowplow, which will cost $155,000. The old snowplow could be sold now for $15,500. The new, larger plow will cost $13,000 more in annual operating costs. Second, the County Board of Representatives believes that the proposed long runway, and the major jet service it will bring to the county, will increase economic activity in the community. The board projects that the increased economic activity will result in $66,000 per year in additional tax revenue for the county.

In analyzing the runway proposal, the board has decided to use a 10-year time horizon. The county’s hurdle rate for capital projects is 6 percent.

Use Appendix A for your reference. (Use appropriate factor(s) from the tables provided.)

Required:

1. Compute the initial cost of the investment in the long runway.

2. Compute the annual net cost or benefit from the runway.

3-a. Determine the IRR on the proposed long runway. (Round your answer to the nearest whole percent.)

3-b. Should it be built considering IRR?

Washington County’s Board of Representatives is considering the construction of a longer runway at the county airport. Currently, the airport can handle only private aircraft and small commuter jets. A new, long runway would enable the airport to handle the midsize jets used on many domestic flights. Data pertinent to the board’s decision appear below.

Cost of acquiring additional land for runway $ 87,000
Cost of runway construction 295,000
Cost of extending perimeter fence 10,724
Cost of runway lights 48,000
Annual cost of maintaining new runway 24,000
Annual incremental revenue from landing fees 65,000

In addition to the preceding data, two other facts are relevant to the decision. First, a longer runway will require a new snowplow, which will cost $195,000. The old snowplow could be sold now for $19,500. The new, larger plow will cost $18,000 more in annual operating costs. Second, the County Board of Representatives believes that the proposed long runway, and the major jet service it will bring to the county, will increase economic activity in the community. The board projects that the increased economic activity will result in $124,000 per year in additional tax revenue for the county. In analyzing the runway proposal, the board has decided to use a 10-year time horizon. The county’s hurdle rate for capital projects is 22 percent. Use Appendix A for your reference. (Use appropriate factor(s) from the tables provided.)

Required:

1. Compute the initial cost of the investment in the long runway.

2. Compute the annual net cost or benefit from the runway.

3-a. Determine the IRR on the proposed long runway. (Round your answer to the nearest whole percent.)

3-b. Should it be built considering IRR?

Consider you are opening a tuition academy near a renounced school within the city of Lahore. Which type(s) of promotional channels would you employ to attract customers and why? (Hint: Not all promotional channels are viable in every situation! (subject entrepreneurship )

Apply the Lagrangian formalism to obtain y(t) for the case of an object falling near the surface of the earth under the influence of gravity alone.

Take the initial velocity to be downward with a speed of v0 and take the initial position to be y0. Let downward be the positive y-direction.

Brush your hair with a plastic comb. Bring the comb close to a small piece of paper. Move a fridge magnet near the comb and then the paper. Do these objects exert forces on one another? Write a one page report describing and explaining your observations.

1. Determine the concentration of H₂SO₄ when 10 mL of the surround water was collected near the C & H Sugar Company. Your sample was titrated with 5 ml of 0.5 Molar NaOH solution to neutral the pH. Determine the concentration of H₂SO₄ in your water sample.

- Choose one of the technologies in healthcare that you think will have the most impact in the near future and how you facilitate its adoption in the appropriate healthcare facility.

- On healthcare costs: support your decision on whether you agree or disagree with the strategies to reduce costs.