Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2019, at a cost of $148,000. Over its 4-year useful life, the bus is expected to be driven 100,000 miles. Salvage value is expected to be $8,000.

Required:
a. Compute the depreciable cost per unit.
b. Prepare a depreciation schedule.

Answers

Answer 1
a is the best choice good luck

Related Questions

Research on the increasing rate of teenage pregnancy with research methods

Answers

Answer:

Ghana constitute to record high rate of Ap.Recent national report shows that 11percent of adolescent age 15 to 19 had had a live birth of which 3 percent with first child and 14 percent has began childbearing

69.5% teenage people are pregnance

The short-run average total cost (ATC) curve of a firm will tend to be U-shaped because Group of answer choices larger firms always have lower per-unit costs than smaller firms. at low levels of output, AFC will be high, while at high levels of output, MC will be high as the result of diminishing returns. diminishing returns will be present when output is small, and high AFC will push per-unit cost to high levels when output is large. diseconomies of scale will be present at both small and large output rates.

Answers

Answer:

at low levels of output, AFC will be high, while at high levels of output, MC will be high as the result of diminishing returns.

Explanation:

In Economics, the law of diminishing marginal utility states that as the unit of a good or service consumed by an individual increases, the additional satisfaction he or she derives from consuming additional units would start decreasing or diminishing as the units of good or service consumed increases.

The short-run average total cost (ATC) curve of a firm will tend to be U-shaped because at low levels of output, average fixed cost (AFC) will be high, while at high levels of output, marginal cost (MC) will be high as the result of diminishing returns.

This ultimately implies that, the average fixed cost (AFC) will be high at small (low-level) output rates while marginal cost (MC) will be high at large (high-level) output rates due to diminishing marginal returns.

As a result of the law of diminishing marginal returns, a business firm would experience some rising per unit costs in the short-run.

In conclusion, an increase in the level of output for a business firm will eventually lead to an increase in average total cost (ATC) and marginal cost (MC) due to the law of diminishing marginal returns.

Dilts Company has a unit selling price of $400, unit variable costs of $250, and fixed costs of $210,000. Compute the break-even point in units using (a) the mathematical equation and (b) unit contribution margin.

Answers

Answer:

(a) Break-even point in units using the mathematical equation = 1,400 units

(b) Break-even point in units using unit contribution margin = 1,400 units

Explanation:

(a) Break-even point in units using the mathematical equation

Break-even point in units using the mathematical equation = Fixed costs / (Unit selling price - Unit variable costs) …………….. (1)

Substituting the relevant values into equation (1), we have:

Break-even point in units using the mathematical equation = $210,000 / ($400 - $250) = 1,400 units

(b) Break-even point in units using unit contribution margin

Unit contribution margin = Unit selling price - Unit variable costs = $400 - $250 = $150

Therefore, we have:

Break-even point in units using unit contribution margin = Fixed costs / Unit contribution margin = = $210,000 / $50 = 1,400 units

Park Company reports interest expense of $145,000 and income before interest expense and income taxes of $1,885,000. (1) Compute its times interest earned. (2) Park's competitor's times interest earned is 4.0. Is Park in a better or worse position than its competitor to make interest payments if the economy turns bad

Answers

Answer:

(1) Park's times interest earned is 13.

(2) Park is in a BETTER position than its competitor to make interest payments if the economy turns bad.

Explanation:

(1) Compute its times interest earned.

The times interest earned, also known as the interest coverage ratio, is a coverage ratio that calculates the proportionate amount of income that can be used to cover future interest expenses.

The times interest earned can be computed as follows:

Times interest earned = Income before interest expense and income taxes / Interest expense = $1,885,000 / $145,000 = 13

Therefore, Park's times interest earned is 13.

(2) Park's competitor's times interest earned is 4.0. Is Park in a better or worse position than its competitor to make interest payments if the economy turns bad.

Because the ratio reveals how many times a company could pay interest with its pre-tax income, greater ratios are clearly better than lower ratios.

Since Park’s times interest earned of 13 is greater than its competitor’s times interest earned of 4, it therefore implies that Park is in a BETTER position than its competitor to make interest payments if the economy turns bad.

The master budget of a merchandising company includes a:_______
a. Production budget.
b. Direct materials budget.
c. Factory overhead budget.
d. Direct labor budget.
e. Purchases budget.

Answers

Answer:

a. Production budget.

Explanation:

hope it helps :>

Waterway Industries can produce and sell only one of the following two products: Oven Contribution Hours Required Margin Per Unit Muffins 0.2 $4 Coffee Cakes 0.3 $5 The company has oven capacity of 1500 hours. How much will contribution margin be if it produces only the most profitable product

Answers

Answer:

$30,000

Explanation:

                                             Muffins      Coffee Cakes

Contribution Per Unit (A)        $4                   $5

Oven Hours Required (B)      0.2                   0.3

Contribution Per Hour         $20                $16.67

Rank                                          1                        2

Total Hours Available                                                       1,500

Hours Required for 1 Unit of Muffin                                  0.2  

Total Muffins Production with 1500 Hours (1,500/.2)     7,500

Contribution Per Unit                                                         $4    

Total Contribution (7,500*$4)                                      $30,000

You have been tasked with advising the dictator of a nation over what he should do to increase the countries GDP. He suggests printing money and increasing the growth rate of the money supply. He wants to give this newly printed currency to his soldiers and best political supporters. You know this will not increase GDP in the long run because:

I. Money is neutral
II. Increasing the growth of the money supply only causes inflation in the long run
III. He would only increase GDP in the long run if he distributed the money equally to all citizens
IV. He would only increase GDP in the long run only if he printed a large enough sum of money

a. I and II only I
b. II, and III only
c. I, II, III, and IV
d. III only

Answers

Answer: a. I and II only

Explanation:

Money is neutral which means that even if you change to supply of money in an economy, it will not translate to an increase in GDP because only the nominal values of things will change (as a result of inflation) while the real values of things like GDP will remain the same.

Increasing the growth of money supply by printing money would also cause inflation in the long run because the money will lose its value like goods do when their supply is increased even though demand does not. A weaker currency needs more units to buy a good which is where the inflation will come from.  

During the year, Hamlet Inc. paid $22,000 to have bond certificates printed and engraved, paid $120,000 in legal fees, paid $18,000 to a CPA for registration information, and paid $280,000 to an underwriter as a commission. What is the amount of bond issue costs

Answers

Answer:

the issuance cost of the amount of the bond is $440,000

Explanation:

The computation of the issuance cost of the amount of the bond is given below:

Bond Certificate printing cost  $22,000

Legal fees paid $120,000

CPA registration $18,000

Underwriting Commission $280,000

Total Bond issue costs $440,000

Hence, the issuance cost of the amount of the bond is $440,000

Determine the amount of money in a savings account at the end of 1 year, given an initial deposit of $12,000 and a 4 percent annual interest rate when interest is compounded: Use Appendix A for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answers to 2 decimal places.)

Answers

Answer:

$ 12480

$ 12,484,80

$12,487.25

Explanation:

annually

quarterly

semi annually

The formula for calculating future value:

FV = P (1 + r) nm

FV = Future value  

P = Present value  

R = interest rate  

m = number of compounding

N = number of years  

annually - 12,000 x 1,04 = 12480

semi annual - 12,000 x (1.02)^2 = 12,484,80

quarterly - 12,000x (1.01)^4 = 12,487.25

1.Marketing Myopia occurs when the company focuses on the product more than necessary to deliver a certain product. 


True

False

 


2.Marketing offers are only restricted to tangible items like that of pens and notepads you use at class rooms. 



True

False

 



3.Selling focuses on the needs of the buyer; marketing focuses on the needs of the seller. *



True

False

4.The deference in “Marketing Philosophy” and that of “Societal Marketing Philosophy” is that in the later we are concerned about the human welfare. *



True

False

5.Once an opinion leader it is always an opinion leader. 


True

False

6.Consumers are individuals or groups who purchase a product for resell. *


True

False

 


7.It is more than enough for a marketer in a company to know the customer’s need and want in order to produce and deliver a certain product in the market. *


True

False

8.Human wants are the form taken by human needs as they are shaped by culture and individual personalities. *



True

False

9.What makes marketing harder is that it is hard to understand the needs and wants of the customers. 









​

Answers

True , true, false, true ,false,false,true,false
Ik the number one is true

Calculate interest amount forR3000
10%p.a paid out every 6months

Answers

Answer:30

Explanation:2+2=4 -1 thats 3 quick mathd

If sales are $798,000, variable costs are 72% of sales, and operating income is $258,000, what is the contribution margin ratio?
a. 72%
b. 68%
c. 28%
d. 32%

Answers

D Is the Anwser hopefully that helps

The discount rate is a. the rate at which the Fed lends to banks. b. the rate at which public banks lend to other public banks. c. the percentage difference between the face value of a Treasury bond and what the Fed pays for it. d. the percentage of deposits banks hold as excess reserves.

Answers

Answer:

a. the rate at which the Fed lends to banks

Explanation:

The discount rate is the interest rate that are applied for measuring the present value of future cash flows

It is the rate where the federal reserve would lends to the financial insituation or bank

So as per the given options, the option a is correct

And, the other options should be considerd as wrong or incorrect

Zooey is a single mother of two young children whose husband died in a tragic car accident. She earns $20,000 per year working as a cashier at a grocery store. The government uses a negative income tax system in which Taxes owed = (1/4 of income) - $15,000.

How much does Zooey owe or receive from the government?

a. She owes $5,000
b. She receives $10,000.
c. She owes $10,000.
d. She receives $15,000.

Answers

Answer:

b. She receives $10,000

Explanation:

Taxes owed = (1/4 of income) - $15,000.

Taxes owed = (1/4 x 20,000) - $15,000.

= 5,000 - 15,000 => -10,000

Hence, she receives $10,000 from the government.

A negative income tax is a system where people earning below a certain amount receive supplemental pay from the government instead of paying taxes to the government.

Assume, for this question only, the following: During the negotiations Juan guaranteed Sarita that the business had turned a profit in each of the past 5 years. Actually, it lost money in each of those years, although Juan did not know that. When Juan made the statement about the business's profitability, however, Sarita was conferring with her attorney and did not hear it. Her friend Harry, who was observing the negotiations, heard Juan's statement. Before long, when Sarita realizes what a bad deal she's made, she laments the fact to Harry. When Harry inquires how a business that had been profitable under Juan was suddenly losing money, Sarita is confused. They finally realize that Harry heard Juan's misstatement about the business's profitability and Sarita did not. Even so, Sarita is thrilled. With Harry as her key witness, she seeks to rescind the sale agreement claiming innocent misrepresentation. Which of the following is true?
A. Rescission, because Juan intended to defraud Sarita.
B. No rescission, because Juan's claims of the business's profitability would not have been material to Sarita if she had heard them.
C. No rescission, because Juan lacked sufficient knowledge of the false nature of his statement and did not intend to trick Sarita.
D. Rescission, because Juan's claims of the business's profitability would have been material to Sarita if she had heard them. E. No rescission, because Sarita did not actually rely on Juan's false statement about the business's profitability.

Answers

Answer:

The true statement about this case is:

D. Rescission, because Juan's claims of the business's profitability would have been material to Sarita if she had heard them.

Explanation:

Though Juan was unaware that the statement was false at the time the contract was signed, the remedy is recession since no damage has been sustained by the other party.  The false statement borders on negligent misrepresentation because Juan was supposed to be aware of the company's profitability by investigating the material fact.  While it is not clear if reliance was placed on the statement when the contract was signed, the fact remains that there was a negligent misrepresentation.

Consider the following opportunities. Opportunity 1 requires a $4,000 cash payment now (Year 0) but will result in $14,000 cash received in Year 5. Opportunity 2 requires no cash outlay and results in $3,500 cash received in Year 3 and Year 5.

Required:
Use a 6 percent discount rate and determine whether Opportunity 1 or Opportunity 2 results in a greater NPV.

Answers

Answer:

Opportunity 1 results in a greater NPV.

Explanation:

NPV of Opportunity 1 = (Cash received in Year 5 / (100% + Discount rate)^Number of years) - Cash payment now = ($14,000 / (100% + 6%)^5) - $4,000 = $10,461.61 - $4,000 = $6,461.61

NPV of Opportunity 2 = (Cash received in Year 3 / (100% + Discount rate)^Number of years) + (Cash received in Year 5 / (100% + Discount rate)^Number of years) = ($3,500 / (100% + 6%)^3) + ($3,500 / (100% + 6%)^5) = $2,938.67 + $2,615.40 = $5,554.07

Since NPV of Opportunity 1 which is $6,461.61 is greater than NPV of Opportunity 2 which is $5,554.07, this implies that Opportunity 1 results in a greater NPV.

Which one of the following statements is correct? Both partnerships and corporations incur double taxation. Sole proprietorships and partnerships are taxed in a similar fashion. Partnerships are the most complicated type of business to form. Both partnerships and corporations have limited liability for general partners and shareholders. All types of business formations have limited lives.

Answers

Answer:

sole proprietorships and partnerships are taxed in a similar fashion

Explanation:

A tax can be regarded as compulsory financial charge, it can also be regarded as other type of levy that is been imposed on a taxpayer by a governmental organization so that funds needed to fund government spending as well as various public expenditures can be generated. This applies to sole proprietorship which is regarded as , is a type of enterprise that is been owned as well as run by one person. Also applies to partnership which can be regarded as formal arrangement set up between two or more parties so they can manage and operate a particular business as well as sharing of its profits. It should be noted that sole proprietorships and partnerships are taxed in a similar fashion

Terms of trade refers to: Group of answer choices The opportunity costs incurred in trade. The rate at which goods are exchanged. The degree to which one country has an absolute advantage. Which country pays the transportation costs when trade occurs

Answers

Answer:

The rate at which goods are exchanged.

Explanation:

It is the ratio of a country's export prices to import prices

Terms of trade = (export / import) x 100

export would comprise of goods and services produced in the US that are been sold to foreign countries

Import would comprise of foreign produced goods and services that are been sold in the US

Terms of trade that exceeds 100 is a positive economic indicator

for example let us assume export is $1000 and import is $500

terms of trade = (1000 / 500) x 100 = 200

what is the different between consumer and customer?​

Answers

Answer:

The customer is one who buys product produce while the consumer is one who takes benefit or uses the product.

Classification of cash flows [LO21-3, 21-4, 21-5, 21-6]
Listed below are several transactions that typically produce either an increase or a decrease in cash. Indicate by letter whether the cash effect of each transaction is reported on a statement of cash flows as an operating (O), investing (I), or financing (F) activity.
Transactions
1. Sale of Common Stock.
2. Sale of Land
3. Purchase of Treasury Stock
4. Merchandise Sales
5. Issuance of a long-term note payable
6. Purchase of merchandise
7. Repayment of note payable
8. Employee salaries
9. Sale of equipment at a gain.
10. Issuance of bonds
11. Acquisition of bonds of a another corporation
12. Payment of semiannual interest on bonds payable
13. Payment of a cash dividend
14. Purchase of a building
15. Collection of a nontrade note receivable (principal amount)
16. Loan to another firm.
17. Retirement of common stock.
18. Income taxes.
19. Issuance of short-term note payable
20. Sale of copyright

Answers

Answer and Explanation:

The classification is as follows:

1. This is the Financing activitiy

2. This is the investing activity

3. This is the Financing activity

4 This is an operating activity

5 This is the Financing activity

6 This is an operating activity

7 This is the Financing activity

8 This is an operating activity

9 This is an operating activity

10 This is the Financing activitiy

11 This is the investing activity

12 This is an operating activity

13 This is the Financing activitiy

14 This is the investing activity

15 This is the investing activity

16 This is the investing activity

17 This is the Financing activitiy

18 This is an operating activity

19 This is the Financing activitiy

20 This is the investing activity

Complete the following statements with one of the terms listed here. You may use a term more than once. Some terms may not be used at all. Capital turnover Direct fixed expenses Flexible budget variance Key performance indictors (KPIs) Profit center Sales margin Common fixed expenses Favorable variance Goal congruence Management by exception Return on investment (ROI) Unfavorable variance Cost center Flexible budget Investment center Master budget variance Revenue center Volume variance

Answers

Solution :

a). Flexible budget

A flexible budget is a budget that is prepared for the different volume level which was originally anticipated.

b). Flexible budget variance

It is the different between the flexible budget and the actual results.

c). Return on Investment

It is used to evaluate the performance of the investment centers. It is calculated by dividing operating income by the investment.

d). Favorable variance

The company has the favorable variance when the actual values are more than the budgeted values.

Duane Miller wants to know what price home he can afford. His annual gross income is $67,200. He has no other debt expenses and expects property taxes and insurance to cost $320 per month. He knows he can get a 8.50%, 15 year mortgage so his mortgage payment factor is 9.85. He expects to make a 25% down payment. What is Duane's affordable home purchase price?
a. $107,929.
b. $158,793.
c. $138,207.
d. $209,139.
e. $179,665.

Answers

I think B I hope that helps!

out line four roles played by entrepreneurs in Kenya​

Answers

Answer:

To be a successful entrepreneur it is necessary for the individual to develop essential communication skills, creativity, innovation and the ability to deal with the risks inherent in the business.

A well-positioned and competitive business is one that manages to create value for consumers by offering products and services that satisfy their wants and needs.

In Kenya, entrepreneurship has stood out as a means for citizens to seek employment and income opportunities, especially in opening up trade in products and services.

Entrepreneurship helps a country to develop by moving the economy and improving the population's quality of life, so it is necessary to have government incentives and information available on the subject.

On January 22, Zentric Corporation issued for cash 160,000 shares of no-par common stock at $8. On February 14, Zentric issued at par value 45,000 shares of preferred 2% stock, $50 par for cash. On August 30, Zentric issued for cash 10,000 shares of preferred 2% stock, $50 par at $56.

Required:
Journalize the entries to record the January 22, February 14, and August 30 transactions.

Answers

Answer:

Zentric Corporation

Journal Entries:

January 22

Debit Cash $1,280,000

Credit Common Stock $1,280,000

To record the issuance of 160,000 shares, no-par at $8.

February 14

Debit Cash $2,250,000

Credit 2% Preferred Stock $2,250,000

To record the issuance of 45,000 shares , $50 par for cash.

August 30

Debit Cash $560,000

Credit 2% Preferred Stock $500,000

Credit  Additional Paid-in Capital - Preferred $60,000

To record the issuance of 10,000 shares, $50 par at $56.

Explanation:

a) Data and Analysis:

January 22 Cash $1,280,000 Common Stock $1,280,000

Issuance of 160,000 shares at $8

February 14: Cash $2,250,000 2% Preferred Stock $2,250,000

Issuance of 45,000 shares , $50 par for cash.

August 30: Cash $560,000 2% Preferred Stock $500,000 Additional Paid-in Capital - Preferred $60,000

Issuance of 10,000 shares, $50 par at $56.

Cellestial Manufacturing Company produces Products A1, B2, C3, and D4 through a joint process. The joint costs amount to $200,000.
If Processed Further
Sales Value Additional
Product Units Produced at Split-Off Costs Sales Value
A1 3,000 $10,000 $2,500 $15,000
B2 5,000 30,000 3,000 35,000
C3 4,000 20,000 4,000 25,000
D4 6,000 40,000 6,000 45,000
Which product(s) should be sold at split-off to maximize profits in the short run?
a. Product A1
b. Product D4
c. Product B2
d. Products A1 and D4

Answers

Answer:

a. Product A1

Explanation:

Calculation to determine Which product(s) should be sold at split-off to maximize profits in the short run

Product A1

Additional Revenues=Sales Value-Sales value at split-Off

Additional Revenues=$15,000-$10,000

Additional Revenues=$5,000

Difference=Additional Revenues -Additional Costs

Difference=$5,000-$2,500

Difference=$2,500

Product A1 Additional Revenues Additional Costs Difference

$5,000 $2500 $2,500

Therefore the product that should be sold at split-off to maximize profits in the short run is Product A1 Which therefore means that company should sell now

Allied Co has cumulative preferred stock with a $100 par value and a 12 percent annual dividend. No dividend has been paid for the past two years. What must the preferred stockholders be paid prior to paying the common stockholders

Answers

Answer:

Allied Co.

The amount that must be paid to the preferred stockholders prior to paying the common stockholders is:

= $36.

Explanation:

a) Data and Calculations:

Cumulative preferred stock = $100 par value

Annual dividend on the preferred stock = 12%

Annual dividend on the preferred stock = $12

Cumulative preferred stock dividend = $24 ($12 * 2)

The amount of dividend to pay preferred stock = $36 ($24 + $12)

b) $24 was in arrears for the past 2 years.  In the current year, $12 is due to the preferred stockholders as dividends.  This adds up to $36 in total to be paid this year before any dividends can be paid to the common stockholders.

A conservative customer is invested in a large-cap, value-managed equity fund. The stock market drops 10% due to a poor economic forecast for the country. Your customer is upset that his conservative mutual fund lost almost as much as the stock market. What risks does your customer need to understand?

Answers

Answer:

1. Market risk

2. Systematic risk

Explanation:

Considering the situation described in the question above, my customer should understand the following risks:

1. Market risk: this is the probability that an investor will undergo losses as a result of circumstances that affect the all-around performance of investments in the financial markets.

2. Systematic risk: this is the type of risk that investors experience loss of some of their principal as a result of price volatility in the overall market which may be attributed to any of the economic, political, or social factors, but beyond the company's control.

2 Income statement data for Starr Canning Corporation are as follows: 2009 2008 Sales $1,400,000 $1,200,000 Cost of goods sold 850,000 730,000 Selling expenses 205,000 240,000 General expenses 140,000 100,000 Income tax expense 82,000 50,000 Required a. Prepare an income statement in comparative form, stating each item for both years as a percent of sales (vertical common-size analysis)

Answers

Answer and Explanation:

The preparation of the income statement in comparative form is presented in the attachment below

The vertical analysis refers to analysis made to the financial statements. In the balance sheet, the item with respect to the common base for the other items should be expressed in total assets while for the income statement it should be total revenues

Since we have to make the income statement so the same should be expressed in total revenues

:

Use the following selected information from Whitman Corp. to determine the Year 1 and Year 2 common size percentages for cost of goods sold using Net sales as the base.
Year 2 Year 1
Net sales $276,200 $231,400
Cost of goods sold 151,900 129,590
Operating expenses 55,240 53,240
Net earnings 27,820 19,820

Answers

Answer:

Year 1 56%

Year 2 55%

Explanation:

Calculation to determine the Year 1 and Year 2 common size percentages for cost of goods sold using Net sales as the base.

Year 1

Using this formula

Common size percentage for cost of goods sold for year 1 = Cost of good sold/Net sales

Let plug in the formula

Common size percentage for cost of goods sold for year 1= 129,590/231,400

Common size percentage for cost of goods sold for year 1= 56%

Year 2

Using this formula

Common size percentage for cost of goods sold for year 2 = Cost of good sold/Net sales

Let plug in the formula

Common size percentage for cost of goods sold for year 2 = 151,900/276,200

Common size percentage for cost of goods sold for year 2 = 55%

Therefore the Year 1 and Year 2 common size percentages for cost of goods sold using Net sales as the base is :Year 1 56% and Year 2 55%

According to purchasing power parity, if the domestic inflation rate is ________ than that in the foreign country, the domestic currency should be ________ than that of the foreign country.

Answers

Answer:

lower; stronger

Explanation:

Purchasing power parity (PPP) is a theory where the exchange rates of the states that lies between the currencies should be in equilibrium

Also their purchasing power should be similar in each and every of the two countries

So as per the purchasing power parity when the inflation rate of domestic one should be less as compared to the foreign country so the domestic currency should be stronger as compared to the foreign country

Other Questions
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