Questions
Equipment was acquired at the beginning of the year at a cost of $75,720. The equipment...

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...

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...

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

There is a golf tournament in the US that started in 1895. That first year the...

  1. There is a golf tournament in the US that started in 1895. That first year the winner received $150. In 2010, the winner received $1,350,000.
    1. What was the percentage increase per year, from 1895 to 2010, over that period of 115 years?
  1. If the winner’s prize continues to increase at the same rate, what will it be in the year 2040, or 30 years from now?
  1. First Simple Bank pays 6% simple interest on its account balances. Second Compound Bank pays 6% interest compounded annually. If you made a $57,000 deposit in each bank, how much more money would you earn from your Second Compound Bank account at the end of 10 years?
  1. You want to buy a Ferrari that only costs $195,000. You’ve already saved $45,000 and plan to invest it today, in an account that pays 5.3% annual interest. If you don’t touch this money, nor add any additional funds into the account, how long will it be before you can buy your Ferrari?

In: Finance

A stock was trading at $21.85 at the end of year 1. It was trading at...

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)             &n

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

  1. Compute nominal GDP, real GDP, and the GDP deflator for each year, using 2010 as the base year.
  2. Compute the percentage change in nominal GDP, real GDP, and the GDP deflator in 2011 and 2012 from the preceding year.
  3. Did economic well-being rise more in 2011 or 2012? Explain.   

In: Economics

Computer equipment was acquired at the beginning of the year at a cost of $27,500 that...

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...

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...

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...

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