Depreciation for Partial Periods
Bar Delivery Company purchased a new delivery truck for $36,000 on April 1, 2019. The truck is expected to have a service life of 10 years or 180,000 miles and a residual value of $3,000. The truck was driven 12,000 miles in 2019 and 16,000 miles in 2020. Bar computes depreciation expense to the nearest whole month.
Required:
| 2019 | $ fill in the blank 1 |
| 2020 | $ fill in the blank 2 |
| 2019 | $ fill in the blank 3 |
| 2020 | $ fill in the blank 4 |
| 2019 | $ fill in the blank 5 |
| 2020 | $ fill in the blank 6 |
| 2019 | $ fill in the blank 7 |
| 2020 | $ fill in the blank 8 |
| 2019 | $ fill in the blank 9 |
| 2020 | $ fill in the blank 10 |
| 2019 | $ fill in the blank 11 |
| 2020 | $ fill in the blank 12 |
| 2019 | $ fill in the blank 13 |
| 2020 | $ fill in the blank 14 |
| 2019 | $ fill in the blank 15 |
| 2020 | $ fill in the blank 16 |
In: Accounting
Cycle Fit Company is a manufacturer of commercial grade exercise bikes that are sold to hotels and health clubs. Maintaining the bikes is an important area of customer satisfaction. Because of increase industry competition, Cycle Fit's financial performance has suffered. However, the introduction of a new model and a predicted upturn in the economy are leading Cycle Fit's managers to predict improved performance in 2021. The following income statement shows results for 2020.
Cycle Fit Company Income Statement for the Year Ended December 31, 2020 (in thousands)
|
Revenues: |
||
|
Equipment |
$8,500 |
|
|
Maintenance contracts |
1,400 |
|
|
Total revenues |
$9,900 |
|
|
Cost of goods sold |
4,200 |
|
|
Gross margin |
5,700 |
|
|
Operating costs |
||
|
Marketing |
630 |
|
|
Distribution |
180 |
|
|
Customer maintenance |
1,900 |
|
|
Administration |
990 |
|
|
Total operating costs |
3,700 |
|
|
Operating income |
$2,000 |
Cycle Fit's management team is preparing the 2021 budget and is studying the following information:
|
1. |
Selling prices of bikes are expected to increase by 15% due to the introduction of the new model. The selling price of each maintenance contract is expected to remain unchanged from 2020. |
|
2. |
Bike sales in units are expected to increase by 8%, with a corresponding 8% growth in units of maintenance contracts. |
|
3. |
Cost of each unit sold is expected to increase by 5% to pay for the necessary technology and quality improvements for the new model. |
|
4. |
Marketing costs are expected to increase by $230,000. |
|
5. |
Distribution costs vary in proportion to the number of bikes sold. |
|
6. |
One additional maintenance technician is to be hired at a total cost of $190,000, which covers wages and related travel costs. The objective is to improve customer service and shorten response time. |
|
7. |
There are no anticipated changes to adminstration costs. |
|
8. |
There is no beginning or ending inventory of equipment. |
|
1. |
Prepare a budgeted income statement for the year ending December 31, 2021. |
|
2. |
How well does the budget align with Cycle Fit's strategy? |
|
3. |
How does preparing the budget help Cycle Fit's management team better manage the company? |
In: Accounting
Is my writing for this email correct?
I mean academy and grammar. (you can edit and add any sentence)
I hope you will help me in drafting this e-mail
Dear Prof. Joseph.
I hope you are doing well.
As you know, I received an email from the decision-making center stating that it is necessary to update the Academic Technology Approval Scheme (ATAS) certificate which ended on July 15,2020. Consequently, I have applied for the ATAS online to UKVI on October 19, 2020, and I am waiting for this to be granted, and because it takes a long time to issue a new ATAS certificate, about 20 days, I was in contact with Dr. Muller over the past days to request a quicker review of my new ATAS submission with the ATAS Department. However, I received an email from him last Friday (attached) explaining that this is not possible; that unfortunately ATAS is located in a different governmental organization, so they are unable to request a quicker review of my new ATAS submission. And I have to wait.
Regarding his indication that I can start a PhD remotely, I told him that I have been in constant contact with you throughout the Corona pandemic and that I have already been reviewing what is being published regarding my research topic throughout this period; and that I am still continuing to do so, which makes me shorten the first beginnings upon my arrival at Manchester University.
I am sure that you know the reasons for my inability to attend the university in the past, beginning with the closure of borders and the suspension of international flights because of Coronavirus pandemic. At the present I am following up with the decision-making center regarding the re-issuance of an alternative visa as I could not enter the UK during the period shown with earlier visa (from 21/03/2020 to 20/04/2020).
Given the circumstances, I humbly assure you that I will let you know when I get a response to my ATAS submission.
Thanks, and Best regards
Nada
In: Accounting
Your financial adviser provided you with the following data about combinations of a Technology and a Utility fund:
|
E(r) |
σ |
weight invested in Technology fund |
weight invested in Utility fund |
|
|
ORP |
12 |
30 |
50 |
50 |
|
MVP |
6 |
24 |
70 |
30 |
Your risk aversion coefficient is A=4 and the risk free rate is 2%.
If you have $1000, how much money do you need to invest in the Technology fund to maximize your utility?
In: Finance
identify and choose a disease that affects an aging person's memory or cognitive ability.
Based on your research and understanding, answer the following:
A general overview of the disease
The signs and symptoms of this disease
Who are the people affected by the disease
A holistic look at how it affects the senior citizen
Statistics on prevalence of the disease
Current technology being used to treat this disease
Provide examples of the role that technology is playing in the diagnosis, treatment, or cure of this disease
Explain how the future of the disease will be affected by the available technology
In: Nursing
5. (5 pts) Conduct a present worth analysis on a new piece of vision computer technology is being proposed to increase the productivity of your physical therapy facility. Your investment cost is $35,000, and the technology will have a market value of $5,000 at the end of 5 years. Your benefits are $11,000 per year with the purchase of the new vision computer technology. There is an annual subscription fee of $1,000. If your MARR is 15% per year, is this proposal a sound one? (Show work to validate your decision)
In: Accounting
Technology has accomplished many advances in health care in the last decade. Many challenges have been overcome, and many challenges will be faced in the future. We are a world revolving at high speeds of technology. For example Electronic health records has assisted with integration of care and decreases of medication errors.
In your view, what are the positive and/ or negative aspects of integrating technology in long term care. While discussing also think whether the technological improvements would meet the demands of the future? If so how?
In: Nursing
Exercise 1: Feasibility
Many experts claim that, although VHS came to dominate the video recorder market, Betamax was a superior technology. Assume that these experts are correct, so that, all other things equal, a world in which all video recorders were Betamax technology would be Pareto superior to a world in which all video recorders were VHS technology. Yet it seems implausible that a policy that forced a switch in technologies would be even potentially Pareto improving. Explain.
In: Economics
In: Accounting
5. (5 pts) Conduct a present worth analysis on a new piece of vision computer technology is being proposed to increase the productivity of your physical therapy facility. Your investment cost is $35,000, and the technology will have a market value of $5,000 at the end of 5 years. Your benefits are $11,000 per year with the purchase of the new vision computer technology. There is an annual subscription fee of $1,000. If your MARR is 15% per year, is this proposal a sound one? (Show work to validate your decision)
In: Economics