Questions
Little TownLittle TownPizza bought a used Ford delivery van on January​ 2,20182018​, for$ 21 comma 800$21,800....

Little TownLittle TownPizza bought a used Ford delivery van on January​ 2,20182018​, for$ 21 comma 800$21,800. The van was expected to remain in service for four years left parenthesis 48 750(48,750 miles). At the end of its useful​ life, Little TownLittle Town management estimated that the​ van's residual value would be $ 2 comma 300$2,300. The van traveled 1500015,000 miles the first​ year, 1700017,000 miles the second​ year, 1250012,500 miles the third​ year, and 42504,250 miles in the fourth year.

1.

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.)

2.

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

3.

Which method would

Little TownLittle Town

prefer to use for income tax​ purposes? Explain your reasoning in detail.

In: Accounting

Around 1900, a small town on the U.S.-Mexican border was experiencing a strange currency exchange situation....

Around 1900, a small town on the U.S.-Mexican border was experiencing a strange currency exchange situation. On the Mexican side of the border, a U.S. dollar was only worth ninety Mexican peso (1 USD = 0.90 MXN), while on the U.S. side, a Mexican peso was only worth ninety U.S. cents (1 MXN=0.90 USD). In other words, the citizens of both countries discounted the other country's currency by ten percent.

In this particular town, the international border ran right down the center of the main street, and there were bars on both sides catering to workers from the surrounding area. One Saturday, an American worker rolled into town with little money (only U.S. $1.00) but lots of financial cunning. He stopped at the first bar he found on the U.S. side of the street, ordered himself a ten-cent beer, paid with his U.S. dollar, and asked for a Mexican peso in change (worth only U.S. $.90, remember). After finishing his beer, he walked across the street to a Mexican bar, ordered another ten-cent beer, paid with the Mexican Peso, and asked for a U.S. dollar in change (there, worth only Mexican Peso $.90). Back he went to the American side for another beer, then back across to the Mexican side -- and so on all afternoon and evening, finally staggering back to his camp after a final drink from a Mexican bar and a U.S. one-dollar bill in change -- just as he had started out with.

Use the exchange rate theory to explain why this worker had free beer.

In: Economics

Around 1900, a small town on the U.S.-Mexican border was experiencing a strange currency exchange situation....

Around 1900, a small town on the U.S.-Mexican border was experiencing a strange currency exchange situation. On the Mexican side of the border, a U.S. dollar was only worth ninety Mexican peso (1 USD = 0.90 MXN), while on the U.S. side, a Mexican peso was only worth ninety U.S. cents (1 MXN=0.90 USD). In other words, the citizens of both countries discounted the other country's currency by ten percent.

In this particular town, the international border ran right down the center of the main street, and there were bars on both sides catering to workers from the surrounding area. One Saturday, an American worker rolled into town with little money (only U.S. $1.00) but lots of financial cunning. He stopped at the first bar he found on the U.S. side of the street, ordered himself a ten-cent beer, paid with his U.S. dollar, and asked for a Mexican peso in change (worth only U.S. $.90, remember). After finishing his beer, he walked across the street to a Mexican bar, ordered another ten-cent beer, paid with the Mexican Peso, and asked for a U.S. dollar in change (there, worth only Mexican Peso $.90). Back he went to the American side for another beer, then back across to the Mexican side -- and so on all afternoon and evening, finally staggering back to his camp after a final drink from a Mexican bar and a U.S. one-dollar bill in change -- just as he had started out with.

Use the exchange rate theory to explain why this worker had free beer.

Share your thoughts.

In: Economics

Around 1900, a small town on the U.S.-Mexican border was experiencing a strange currency exchange situation....


Around 1900, a small town on the U.S.-Mexican border was experiencing a strange currency exchange situation. On the Mexican side of the border, a U.S. dollar was only worth 0.90 Mexican peso (1 USD = 0.90 MXN), while on the U.S. side, a Mexican peso was only worth ninety U.S. cents (1 MXN= 0.90 USD). In other words, the citizens of both countries discounted the other country's currency by ten percent.

In this particular town, the international border ran right down the center of the main street, and there were bars on both sides catering to workers from the surrounding area. One Saturday, an American worker rolled into town with little money (only U.S. $1.00) but lots of financial cunning. He stopped at the first bar he found on the U.S. side of the street, ordered himself a ten-cent beer, paid with his U.S. dollar, and asked for a Mexican peso in change (worth only U.S. $.90, remember). After finishing his beer, he walked across the street to a Mexican bar, ordered another ten-cent beer, paid with the Mexican Peso, and asked for a U.S. dollar in change (there, worth only Mexican Peso $.90). Back he went to the American side for another beer, then back across to the Mexican side -- and so on all afternoon and evening, finally staggering back to his camp after a final drink from a Mexican bar and a U.S. one-dollar bill in change -- just as he had started out with.

Use the exchange rate theory to explain why this worker had free beer. Share your thoughts.(50 word minimum)

In: Economics

Old Town Entertainment has two employees in Year 1. Clay earns $4,400 per month, and Philip,...

Old Town Entertainment has two employees in Year 1. Clay earns $4,400 per month, and Philip, the manager, earns $10,100 per month. Neither is paid extra for working overtime. Assume the Social Security tax rate is 6 percent on the first $110,000 of earnings and the Medicare tax rate is 1.5 percent on all earnings. The federal income tax withholding is 16 percent of gross earnings for Clay and 20 percent for Philip. Both Clay and Philip have been employed all year.

Required
a. Calculate the net pay for both Clay and Philip for March.
b. Calculate the net pay for both Clay and Philip for December.
c. Is the net pay the same in March and December for both employees?
d. What amounts will Old Town report on the Year 1 W-2s for each employee?

What amounts will Old Town report on the Year 1 W-2s for each employee? (Do not round intermediate calculations.)

Amount Appearing on W-2 for Year 1
Clay
Box 1 Wages, tips, and other compensation
Box 2 Federal income tax withheld
Box 3 Social security wages
Box 4 Social security tax withheld
Box 5 Medicare wages and tips
Box 6 Medicare tax withheld
Philip
Box 1 Wages, tips, and other compensation
Box 2 Federal income tax withheld
Box 3 Social security wages
Box 4 Social security tax withheld
Box 5 Medicare wages and tips
Box 6 Medicare tax withheld

In: Accounting

Due to the ongoing COVID-19 pandemic, your employer closed down and retrenched all its employees. You...

Due to the ongoing COVID-19 pandemic, your employer closed down and retrenched all its employees. You decided to return to your hometown, a small town in the east coast of MARGATE. You noticed that there was no food delivery service business in the town and decided to start such a service using your cars. Your delivery riders would collect the orders from food outlets in the town and deliver the food to customers for a fee. However, you did not have sufficient funds to run the business. When you tried to obtain a business loan from a bank, the bank officer requested that you prepare a sales forecast for the proposed business.

i)   Explain two main challenges in making the sales forecast as required by the bank.

ii) Describe which specific method is suitable for the sales forecast and provide the reasons why you choose this method.

c) After the bank approved your loan, you began operating delivery service company as described in 2(b).

The company recorded the following number of deliveries in the last 6 months:

Month

Actual Deliveries

January

270

February

280

March

350

April

250

May

340

June

320

Due to the expected increase in deliveries, you approached the bank again to obtain another business loan. This time, the bank officer asked for a forecast of the deliveries for the rest of the year based on your July forecast. You decided to use naive, 3month moving average and 6-month moving average forecast methods.

i) Calculate your forecast for July using the three methods stated.

ii) If actual deliveries for July are 309, which one among the three methods is the most accurate using absolute deviation calculation?

In: Statistics and Probability

Exit polling is a popular technique used to determine the outcome of an election prior to...

Exit polling is a popular technique used to determine the outcome of an election prior to results being tallied. Suppose a referendum to increase funding for education is on the ballot in a large town​ (voting population over​ 100,000). An exit poll of 300 voters finds that 156 voted for the referendum. How likely are the results of your sample if the population proportion of voters in the town in favor of the referendum is 0.49​? Based on your​ result, comment on the dangers of using exit polling to call elections. How likely are the results of your sample if the population proportion of voters in the town in favor of the referendum is 0.49​? The probability that more than 156 people voted for the referendum is nothing. ​(Round to four decimal places as​ needed.) Comment on the dangers of using exit polling to call elections. Choose the correct answer below. A. The result is unusual because the probability that ModifyingAbove p with caret is equal to or more extreme than the sample proportion is greater than​ 5%. Thus, it is not unusual for a wrong call to be made in an election if exit polling alone is considered. B. The result is not unusual because the probability that ModifyingAbove p with caret is equal to or more extreme than the sample proportion is greater than​ 5%. Thus, it is not unusual for a wrong call to be made in an election if exit polling alone is considered. C. The result is unusual because the probability that ModifyingAbove p with caret is equal to or more extreme than the sample proportion is less than​ 5%. Thus, it is unusual for a wrong call to be made in an election if exit polling alone is considered. D. The result is not unusual because the probability that ModifyingAbove p with caret is equal to or more extreme than the sample proportion is less than​ 5%. Thus, it is unusual for a wrong call to be made in an election if exit polling alone is considered.

In: Statistics and Probability

A small city is situated on the countryside. Upstream form the city is a dam that...

A small city is situated on the countryside. Upstream form the city is a dam that provides the city's water supply. If the dam was overtopped by water, then the dam would fail and all of the water would flood through the city. There is also a danger that the dam might collapse when it is full of water and cause it to fail, also flooding the city.

A) Draw a fault tree for the head event “Dam fails and floods the town” using the following basic events The possibility of dam collapse is (P=0.01)

There is a weakness in the dam that would allow collapse to cause the dam to fail (P=0.1).

Storm occurs that overtops the dam provided that it is mostly full (P=0.002)

Storm occurs that will overtop the dam no matter how full the dam is (P=0.0004)

Dam is mostly full (P=0.4).

B) Determine the probability that the dam will fail and flood the town. For the hours of daylight (assume 12 hours on average) there is someone working at the dam who could send a warning to the city if the dam failed.

There is an 80% probability that this person would be able to get the message to the city in time to evacuate. If the dam failed during the night no one would see it, but there is a 60% chance that the weather conditions would be such that the noise of the dam breaking could be heard by someone in the city and give them enough warning to evacuate everybody.

However, every Saturday night the city has a large party, and nobody would be able to hear if the dam failed anyway.

C) Draw an event tree that can be used to determine the conditional probability that the city will receive warning in time to evacuate.

D) Determine this conditional probability of receiving the warning on time.

E) What is the overall probability that the town will be flooded without an evacuation occurring? Hint: consider your answer for (b).

In: Civil Engineering

Write paraphrase of this: Task1: Highway alignment is the center line of the highway or the...

Write paraphrase of this:

Task1:
Highway alignment is the center line of the highway or the road on the ground. The road alignment is very important because when they not prepare it carefully it will cause high building cost, high maintenance cost and also, an increase in accident. There are requirement of high alignment like safe, easy, short and economical. And there are also factors that should be considered when choosing road alignment. These factors differ and depend on the type of road and the areas through which these roads pass. In this part we will concentrate on or obligatory points which is defined the highway alignment. It is separated into two parts, negative and positve obligatory points.
positve obligatory points:
these are those points through which the alignment should pass.
Existing road: the alignment should be fixed such the newly construction road should link to the existing road.
Intermediate town: if it is possible to have a straight road between point A&B and the intermediate town located at c, then the street need to link the intermediate town reducing the change in highway alignment.

Bridge site/Existing Bridge:
This is not adivicable to cross the river in a curve position, we have to change the alignment in such a way that it crosses the river in straight line, it should locate in right angle(90o) to the river flow and not locate in curve position. There are some reasons for this, the curve position they keep changing, when you make the right angle the length of the barge it will be short. So, the cost of this construction it will be less.   

Negative obligatory points:
When I went to the site and I saw lake or water body , I have to change this aligment to avoided the lake area. From the stragth line to curve line because of the water body. So, this water body is a Negative obligatory

In: Civil Engineering

Markets work well for some goods, but poorly for others. According to the textbook, for which...

Markets work well for some goods, but poorly for others. According to the textbook, for which of the following goods or services would markets be expected to work poorly?
A. clean air
B. clean water
C. clean amusement parks
D. Markets would work poorly for all three of the goods or services listed above.
E. Markets would work poorly for both clean air and clean water, but they would work well for clean amusement parks.

The Tragedy of the Commons will be evident when a growing number of sheep grazing on the town commons leads to a destruction of the grazing resource. As a result,
(x) externality could be eliminated if all of the sheep owners received a subsidy payment from government.
(y) the town could auction off a limited number of sheep-grazing permits to correct this problem.
(z) the town could assign land property rights to individual owners to correct this problem.
A. (x), (y) and (z)
B. (x) and (y) only
C. (x) and (z) only
D. (y) and (z) only
E. (y) only
15. Which of the following statements is (are) correct?
(x) If general knowledge is not excludable then it is quite likely that profit maximizing firms in private markets would choose to not supply general knowledge to society.
(y) As with many public goods, determining the appropriate level of government support for the production of general knowledge is difficult because benefits are hard to measure
(z) If technological knowledge is excludable and general knowledge is not excludable, then it is likely that technological knowledge is a “club good” (natural monopoly good) and general knowledge is a public good
A. (x), (y) and (z)
B. (x) and (y) only
C. (x) and (z) only
D. (y) and (z) only
E. (z) only

In: Economics