Equipment was acquired at the beginning of the year at a cost of $75,720. The equipment was depreciated using the straight-line method based upon an estimated useful life of 6 years and an estimated residual value of $7,920.
Required:
| a. | What was the depreciation expense for the first year? |
| b. | Assuming the equipment was sold at the end of the second year for $57,370, determine the gain or loss on sale of the equipment. |
| c. | Journalize the entry to record the sale. Refer to the Chart of Accounts for exact wording of account titles. |
In: Accounting
A stock was trading at $125.10 at the end of year 1. It was trading at the end of year 2 at $118.40 immediately after giving a dividend of $5.00. At the end of year 3. it was trading at $128.60 immediately after giving a dividend of $5.20. Finally, it was trading at $138.70 at the end of year 4 without giving out any dividend. What was the arithmetic average annual return of this stock for the three years between years 1 and 4?
Question 4 options:
|
6.18% |
|
|
6.34% |
|
|
6.50% |
|
|
6.66% |
|
|
6.83% |
In: Finance
Equipment was acquired at the beginning of the year at a cost of $79,560. The equipment was depreciated using the straight-line method based upon an estimated useful life of 6 years and an estimated residual value of $7,800.
a. What was the depreciation expense for the first year?
$
b. Assuming the equipment was sold at the end of the second year
for $60,100, determine the gain or loss on sale of the
equipment.
$
c. Journalize the entry to record the sale. If an amount box does not require an entry, leave it blank or enter "0".
In: Accounting
In: Finance
A stock was trading at $21.85 at the end of year 1. It was trading at the end of year 2 at $22.18 immediately after giving a dividend of $0.30. At the end of year 3. it was trading at $21.54 immediately after giving a dividend of $0.32. Finally, it was trading at $23.36 at the end of year 4 without giving out any dividend. What was the geometric average annual return of this stock for the three years between years 1 and 4?
In: Finance
Consider the following information.
2010 (base year) 2011
Price Quantity Price Quantity
Car $100 400 $120 420
Rice $25 2,000 $36 2,005
2012
Price Quantity
Car $130 450
Rice $38 2,100
In: Economics
Computer equipment was acquired at the beginning of the year at a cost of $27,500 that has an estimated residual value of $1,700 and an estimated useful life of 5 years.
a. Determine the depreciable cost.
$
b. Determine the double-declining-balance rate.
%
c. Determine the double-declining-balance depreciation for the
first year.
$
In: Accounting
In that same year, the mean of the math portion of the SAT was 466, with a standard deviation of 117. Keep that in mind to answer the following questions:
a) Some schools use SAT scores for admission. Suppose an engineering school established 600 as the lowest acceptable score for admission. What proportion of the high school seniors would be excluded by such a policy? Draw the picture
b) What proportion of the population would be expected to score between 350 and 550? Draw the picture
c) Some colleges have a fairly stiff math requirement. Suppose the college decided not to admit anyone who was in the bottom 15 percent of the population. What would the cutoff score be? Draw the picture
d) In an urban high school, there were 750 college-bound seniors. How many could be advised to not bother to apply to the school mentioned in A and C above? Draw the picture
e) In working the problems above, you have been making an important assumption about the distribution of math SAT scores. What is that assumption?
In: Statistics and Probability
In that same year, the mean of the math portion of the SAT was 466, with a standard deviation of 117. Keep that in mind to answer the following questions:
a) Some schools use SAT scores for admission. Suppose an engineering school established 600 as the lowest acceptable score for admission. What proportion of the high school seniors would be excluded by such a policy? Draw the picture
b) What proportion of the population would be expected to score between 350 and 550? Draw the picture
c) Some colleges have a fairly stiff math requirement. Suppose the college decided not to admit anyone who was in the bottom 15 percent of the population. What would the cutoff score be? Draw the picture
d) In an urban high school, there were 750 college-bound seniors. How many could be advised to not bother to apply to the school mentioned in A and C above? Draw the picture
e) In working the problems above, you have been making an important assumption about the distribution of math SAT scores. What is that assumption?
Type Everything Please
In: Statistics and Probability
In this assignment, you will create a schedule for the month of December of this year for your team members—John, Sally, Pedro, and Eunice. While creating the schedule, keep in mind the following conditions:
Every employee in the company needs to work for 45 hours per week.
John works from Saturdays to Wednesdays in the 6:00 a.m. to 4:00 p.m. shift, with a 1-hour lunch break.
Sally works from Mondays to Thursdays in the 3:00 p.m. to 3:00 a.m. shift, with two 1-hour breaks. To complete 45 hours of work, she can be either scheduled on Fridays or on Saturdays in a block of 5 hours, with no break.
Pedro can work on any day except Wednesdays from 12:00 noon to 5:00 p.m. His work schedule should be made available to him by 12:00 noon on Wednesday of the previous week.
Every week, Eunice works with both John and Sally—20 hours with John and 25 hours with Sally.
Your office is closed on December 24 and 25.
Eunice is on leave in the week after December 25.
John is on leave December 2 and 3.
Perform the following tasks:
Create a project schedule that incorporates all the conditions. Discuss the technique you used to implement the schedule.
Which software tool did you use to create the schedule?
Explain how helpful you found the tool.
Submit a 4- to 5-page report
In: Operations Management