Your organisation has decided to purchase an item of equipment expected to work 1700 hours per year (average) for a 12 year working life.

(a) Discuss, in about 200 words, two methods you could use to compare alternative options when buying this equipment.

(b) Assume that the item of equipment you decided to purchase had a purchase price of $2,900,000 and a residual value at the end of 12 years of $260,000. Tabulate the depreciation and book value for the life of the item by each of the following methods:

1) straight line 2) declining balance 3) sum of digits.

(c) Tabulate details of a sinking fund to accumulate to the original purchase price less residual value assuming an interest rate of 6%.

(d) Draw a graph showing the book values in each of the above (plotted on the same graph for comparison).

(e) Comment on the factors that an equipment owner might consider when selecting one of these methods.

(f) Assume now that you have purchased this equipment. What is the Total Annual payment required for operating the equipment? You have the following additional data:

• Maintenance costs are $60,000 in the first year

• Operator wages are $100,000 in the first year

• Storage, transport and other miscellaneous costs are $15,000 in the first year

• Money costs 8% per year Hint: Start by calculating the Capital Recovery Factor

(g) Maintenance, operator and miscellaneous costs are expected to increase at a flat rate of 4% per year over the life of the machine. Based on a Profit margin of 32%, create a table that calculates the hourly charge out rate, including profit, you would need for its hire during each year of the working life of the equipment.

(h) Also based on this hourly charge and expected operating hours, what is the expected annual income over the working life of the equipment?

Depreciation scenario Your organisation has decided to purchase an item of equipment expected to work 1700 hours per year (average) for a 12 year working life. (a) Discuss, in about 200 words, two methods you could use to compare alternative options when buying this equipment. (b) Assume that the item of equipment you decided to purchase had a purchase price of $2,900,000 and a residual value at the end of 12 years of $260,000. Tabulate the depreciation and book value for the life of the item by each of the following methods: 1) straight line 2) declining balance 3) sum of digits. (c) Tabulate details of a sinking fund to accumulate to the original purchase price less residual value assuming an interest rate of 6%. (d) Draw a graph showing the book values in each of the above (plotted on the same graph for comparison). (e) Comment on the factors that an equipment owner might consider when selecting one of these methods. (f) Assume now that you have purchased this equipment. What is the Total Annual payment required for operating the equipment? You have the following additional data: • Maintenance costs are $60,000 in the first year • Operator wages are $100,000 in the first year • Storage, transport and other miscellaneous costs are $15,000 in the first year • Money costs 8% per year Hint: Start by calculating the Capital Recovery Factor (g) Maintenance, operator and miscellaneous costs are expected to increase at a flat rate of 4% per year over the life of the machine. Based on a Profit margin of 32%, create a table that calculates the hourly charge out rate, including profit, you would need for its hire during each year of the working life of the equipment. (h) Also based on this hourly charge and expected operating hours, what is the expected annual income over the working life of the equipment?

A 3-kg mass of metal of specific heat = 0.1 kcal/kg°C at a temperature of 600°C is dropped into 1.0 kg water at 20°C. With no heat losses to the surroundings, determine the equilibrium temperature of the mixture, and if it is 100°C, calculate what mass of water is turned into steam at this temperature.

Group of answer choices 100°C and 110 g of steam 100°C and 150 g of steam 100°C and 130 g of steam 100°C and 70 g of steam The equilibrium temperature is not 100°C.

Common size and trend percents for Rustynail Company s sales,cost of goods sold,and expenses follow. Common size percents. 2017 sales 100 % 2016 sales 100 %,2015 sales 100 %. Cost of goods sold 2017. 63.1 . 2016 60.9. 2015. 57.4. Total expenses. 2017 , 14.3 , 2016. 13.8. 2015. 14.1
Trend percents. 2017.              2016           2015

           
sales.                   104.5%           103.3 %     100

cost of goods sold 114.9.        109.6.       100

total expenses.         106.1.        101.1.      100

DESCRIBE WHAT THE FOLLOWING JAVA CODE DOES:

public class Main{

public static void main(String[] args) {

new MyFrame();

}

}

import javax.swing.*;

public class MyFrame extends JFrame{

MyPanel panel;

MyFrame(){

panel = new MyPanel();

this.setDefaultCloseOperation(JFrame.EXIT_ON_CLOSE);

this.add(panel);

this.pack();

this.setLocationRelativeTo(null);

this.setVisible(true);

}

}

import java.awt.*;

import javax.swing.*;

public class MyPanel extends JPanel{

//Image image;

MyPanel(){

//image = new ImageIcon("sky.png").getImage();

this.setPreferredSize(new Dimension(500,500));

}

public void paint(Graphics g) {

Graphics2D g2D = (Graphics2D) g;

//g2D.drawImage(image, 0, 0, null);

g2D.setPaint(Color.blue);

g2D.setStroke(new BasicStroke(5));

g2D.drawLine(0, 0, 500, 500);

//g2D.setPaint(Color.pink);

//g2D.drawRect(0, 0, 100, 200);

//g2D.fillRect(0, 0, 100, 200);

//g2D.setPaint(Color.orange);

//g2D.drawOval(0, 0, 100, 100);

//g2D.fillOval(0, 0, 100, 100);

//g2D.setPaint(Color.red);

//g2D.drawArc(0, 0, 100, 100, 0, 180);

//g2D.fillArc(0, 0, 100, 100, 0, 180);

//g2D.setPaint(Color.white);

//g2D.fillArc(0, 0, 100, 100, 180, 180);

//int[] xPoints = {150,250,350};

//int[] yPoints = {300,150,300};

//g2D.setPaint(Color.yellow);

//g2D.drawPolygon(xPoints, yPoints, 3);

//g2D.fillPolygon(xPoints, yPoints, 3);

//g2D.setPaint(Color.magenta);

//g2D.setFont(new Font("Ink Free",Font.BOLD,50));

//g2D.drawString("U R A WINNER! :D", 50, 50);

}

}

Question Number 1:

A perpetual Inventory System is used by Black Hawk, Inc. The following transactions show beginning inventory, purchases and sales of CT-300, a cellular telephone for the month of May:

May   1: Balance on hand, 20 units, cost $50 each         $1000

May   5: Sale, 10 units, sale price $80 each                    $ 800

May   6: Purchase, 20 units, cost $60 each                     $1200

May 21: Sale, 15 units, Sale Price $100 each                 $1500

Instruction:

Record beginning inventory, purchases, cost of goods sold and running balance on an inventory subsidiary record using Average Cost method.

Question Number 2:

On January 1, 2019, Delta Company acquired new equipment with an estimated useful life of 5 years. Cost of the equipment was $5,000,000 with a residual value of $250,000. For income tax purposes, this machinery qualifies as 5-Year property.

Instructions

Compute the amounts of depreciation recognized in each of first 4 years (2019, 2020 & 2021) under each of the depreciation methods listed below.

1. Straight Line Method
2. MACRS Method

Question Number 3:

On October 30, 2019, Afghan United Bank has purchased a brand new generator from a company at USA. The new generator has an invoice price of $5,000,000. Sales tax was computed at 12% of invoice price. Afghan United Bank has paid $100,000 as shipping cost to get generator from USA. After the generator arrives, installation cost of $150,000 is incurred, along with $50,000 testing costs. Compute the cost of generator and prepare journal entry to record purchase of generator.

Question Number 4:

During the fiscal year 2019, Alpha Corporation carried out the following transactions involving notes payable:

Feb. 1:              Borrowed $550,000 from Sun National Bank at an interest rate of 15% per annum,

signed a six month note payable.

July 31:            Paid Sun National Bank note plus accrued interest.

Instruction:

Prepare journal entries to record above transactions.

Question Number 5:

King Burger is a fast food restaurant operating as partnership firm of four individuals. The partners agree to share profit equally. The information regarding current year is as follows:

                  Watson            Taylor             Hayden               Dravid

Capital             $550,000          $600,000          $500,000             $650,000

Drawing           150,000          150,000          100,000               200,000           

Net income for the year amounted to $2,500,000.

Instructions:

1. How much must each of four partners report income on his income tax return?
2. Prepare Statement of Partner’s Equity for current year ended Dec 31, 2019?

The company you are working for has decided to put on a banquet to raise money for a charity and must decide between two catering services to supply the food and servers. You have been assigned to the Banquet Planning Committee. Simplify completely.

Research Provided

The company's research department has provided the following estimates.

• A demand of 230 banquet attendees can be expected at a dinner plate price of $80.00 each. A demand of 370 banquet attendees can be expected at a dinner plate price of $45.00 each.

• Catering Service A has a fixed cost of $1,900 and a marginal cost of $30 for each plate.

• Catering Service B has a fixed cost of $3,000 and a marginal cost of $22 for each plate.

• Costs for both caterers include the food, drinks, plates, utensils, tablecloths, glasses, crew, and cleanup.

• Dinner plates will only be sold as an entire unit. To justify company resources and to ensure the event will benefit the charity, the CEO insists the tickets be sold for no less than $40. All profits will go toward a charity of the committee's choosing.

• Additional spontaneous donations to the charity will be accepted the night of the banquet. Studies estimate that 5% will give $5, 23% will give $20, 18% will give $50, 7% will give $100, and 2% will give $500.

Analysis

Each team should perform the following analyses:

1. Assume the price-demand function is linear. Use the research estimates to find the relationship between the price p, and the number of banquet attendees demanded, x. Find the relevant domain.

2. Find the revenue function, R(x), in terms of the number of banquet attendees x. Find the relevant domain by considering realistic limitations on the number of attendees and on price. Sketch a graph on the work page.

3. Assume the cost function is linear and use the research estimates to find the cost function for each of the two possible catering services in terms of the number of banquet attendees x. Sketch a graph on the work page.

4. Determine the break-even quantities for each of the two possible catering services.

5. Find the Profit function, P(x), for each of the two possible catering services in terms of the number of banquet attendees x.

6. If it is projected that there will be 100 tickets sold at a dinner price of $112.50, which catering service should the committee recommend in order to earn the most profit for the charity?

7. Decide which catering service your company should choose if the projections yield 200 attendees. Include the ticket price at this demand.

8. Find the average cost function for Catering Service A. Evaluate the average cost per attendee if 50 tickets are purchased. Evaluate the average cost per attendee if 400 tickets are purchased.

9. On average, how much can you expect to receive in spontaneous donations for each banquet attendee? (Determine the per person expected value (weighted average) of donations.) Which charity does the committee recommend for receipt of banquet donations?

10. Overall recommendations: Which catering service does your committee recommend in order to obtain the most profit for the charity? How many people should attend the banquet to earn that profit and what profit can be expected from the banquet ticket sales? What price would you recommend for each dinner plate (ticket)? What dollar amount is expected from spontaneous donations? What will be the expected total amount raised for the charity (including the dinner ticket profits and spontaneous donations)?

Instructions:

Genuine Spice Inc. began operations on January 1 of the current year. The company produces 8-ounce bottles of hand and body lotion called Eternal Beauty. The lotion is sold wholesale in 12-bottle cases for $100 per case. There is a selling commission of $20 per case. The January direct materials, direct labor, and factory overhead costs are as follows:

Part C—August Variance Analysis

During September of the current year, the controller was asked to perform variance analyses for August. The January operating data provided the standard prices, rates, times, and quantities per case. There were 1,500 actual cases produced during August, which was 250 more cases than planned at the beginning of the month. Actual data for August were as follows:

The prices of the materials were different than standard due to fluctuations in market prices. The standard quantity of materials used per case was an ideal standard. The Mixing Department used a higher grade labor classification during the month, thus causing the actual labor rate to exceed standard. The Filling Department used a lower grade labor classification during the month, thus causing the actual labor rate to be less than standard.

10. Determine and interpret the direct materials price and quantity variances for the three materials. For those boxes in which you must enter subtractive or negative numbers use a minus sign. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Round your price values for Cream Base to three decimal places and Natural Oils & Bottles to two decimal places.

The fluctuation in __________ caused the direct material price variances. All the Direct material quantity variances were ____________ indicating ____________ .