Darin Company purchased a truck and trailer for $54,000. The appraised values of the truck and trailer are $19,000 and $38,000, respectively. What is the amount of the cost that should be assigned to the truck?

Answers

Answer 1
18,000 is the correct answer

Related Questions

You company requires that all projects yield a return of 12%. You’re the head of a project team developing a new product. The initial investment needed is $500,000 and the expected cashflows from this project will be 70,000 for the next 10 years. Will your project be approved, (generates a return higher than 12%). What cashflow would be required to get your project approved?

Answers

Answer:

initial investment = $500,000

10 cash flows of $70,000

Present value of cash flows = 5.65022 * $70,000 = $395,515.40

NPV = -$500,000 + $395,515.40 = -$104,484.60

The project should be rejected.

In order to approve the project, the cash flows should = $500,000 / 5.65022 = $88,492.13. With these cash flows the NPV = $0.

If someone is engaged in a highly dangerous activity (sky diving or scuba diving), then normally assumption of risk waivers must be signed. Are those waivers always effective, or can you imagine a situation where liability could still be imposed

Answers

Answer:

The signing of assumption of risk waivers cannot serve as a substitute to the insurance of liability hence lawsuit can be filed

Explanation:

liability could be imposed by the person engaged in the dangerous activity if the handler of the activity exhibits some form of negligence or discriminatory behaviors or if the material used is substandard.

The signing of assumption of risk waivers cannot serve as a substitute to the insurance of liability hence lawsuit can be filed

Assume that a stock is expected to pay dividends at the end of Year 1 and Year 2 of $1.25 and $1.56, respectively. Dividends are expected to grow at a 5% rate thereafter. Assuming that ke is 11%, the value of the stock is closest to:___.
A. $22.3.B. $23.42.C. $24.55.

Answers

Answer:

C. $24.55

Explanation:

Calculation to determine what the value of the stock is closest to:

Value of the stock =($1.25 / 1.11) + [1.56/ (0.11 -0.05)] / 1.11

Value of the stock =[1.126126+(1.56/0.06)]/1.11

Value of the stock = $24.55.

Therefore the value of the stock is closest to:$24.55

Williams Company pays each of its two office employees each Friday at the rate of $290 per day for a five-day week that begins on Monday. If the monthly accounting period ends on Tuesday and the employees worked on both Monday and Tuesday, the month-end adjusting entry to record the salaries earned but unpaid is:

Answers

Answer:

Debit Salaries Expense $1,160 and credit Salaries Payable $1,160

Explanation:

Preparation of the month-end adjusting entry to record the salaries earned but unpaid

Based on the above information given the month-end adjusting journal entry to record the salaries earned but unpaid is:

Debit Salaries Expense $1,160

Credit Salaries Payable $1,160

( 2days * 2 workers *$290 per day = $1,160)

(To record the salaries earned but unpaid)

There is a bond that has a quoted price of 103.203 and a par value of $2,000. The coupon rate is 6.81 percent and the bond matures in 23 years. If the bond makes semiannual coupon payments, what is the effective annual interest rate

Answers

Answer: 6.53%

Explanation:

You can use an Excel worksheet to solve this.

The bond pays semi-annual coupons so you need to convert these measures to periodic measures:

Coupon = 6.81% * 2,000 * 0.5 = $68.10

Maturity term = 23 * 2 = 46 semi annual periods

Present value = 2,000 * 103.203 quoted price = $2,064.06

Use the Rate function as attached:

Periodic rate = 3.2694%

Annual rate = 3.2694 * 2

= 6.53%

You want to borrow $91,000 from your local bank to buy a new sailboat. You can afford to make monthly payments of $1,750, but no more. Assuming monthly compounding, what is the highest rate you can afford on a 60-month APR loan

Answers

Answer:

5.784%

Explanation:

PV = $91000

PMT = -$1750

N = 60

FV = $0

Using the financial calculator to solve for I/Y

Interest yield = CPT I/Y(91000, -1750, 60, 0)

Interest yield = 0.00482

Interest yield = 0.482%

Highest rate APR = 0.482%*12

Highest rate APR = 5.784%

So, assuming monthly compounding, the highest rate i can afford on a 60-month APR loan is 5.784%.

How do different careers in the human services relate to one another

Answers

They relate because they all help people and you have to have a licensed degree, and practice

An automobile manufacturing firm decides to meet all its suppliers while planning to manufacture a new automobile that is a minor variant of an existing model in terms of design and performance. The firm wants to provide its loyal customers with automobiles at a low price without compromising on performance. According to authors Crawford and DiBenedetto, this new product falls into the category of ________.

Answers

Question Completion With Options:

O price redemptions

O repositionings

O price exemptions

O cost reductions

Answer:

According to authors Crawford and DiBenedetto, this new product falls into the category of ________.

O cost reductions

Explanation:

According to the declared intention of the automobile manufacturing firm, it is working at providing its loyal customers with low-priced automobiles that still maintain competitive performance.  Therefore, the new product falls into the category of cost reductions, which is a strategic move to ensure that costs do not drive away customers while the company rakes in huge revenue with increased sales volume.

Calculate the annual coupon payment if the semi-annual coupon paying bond price is $920, the yield for the bond is 6%, the bond's face value is $1,000 and matures in 9 years. (Enter the answer in dollar format without $ sign or thousands comma -> 3519.23 and not $3,519.23 or 3,519.23)

Answers

Answer:

$48.40

Explanation:

Yield = 6%

Rate = Yield/2 = 6%/2 = 3%

YTM = 9

Nper = YTM*2 = 9*2 = 18

Face value = $1,000

Price(PV) = $920

Monthly payment = PMT(0.03, 18, -920, 1000)

Monthly payment = $24.1833

Coupon rate = (PMT/Face value) * 2

Coupon rate = (24.1833/1000) * 2

Coupon rate = 0.0241833 * 2

Coupon rate = 0.0483666

Coupon rate = 4.84%

Annual coupon payment = Face value * Coupon rate

Annual coupon payment = $1000 * 4.84%

Annual coupon payment = $48.40

Hi guys, I need your help to give your opinions about this one.
Example:
The experts on your island warn of a possible tsunami, but opinions are divided.
a. A quarter of the experts (group A) assume that a tsunami will certainly come.
b. Three quarters of the experts (group B) assume that the tsunami will come with a 10 percent probability.
Which professionals (group A or group B) would you like to believe more and why? Give reasons for your answer. And what are the consequences of this decision for your actions? And how do you deal with the risks of a wrong decision?

Answers

I would believe group A more

because, as we know "Precaution is always better an cure"

If I stay more cautious about it, there are less chances of the tsunami to cause a severe harm. If I don't stay much cautious, according to group B, and in case if their prediction goes wrong, I'll be in serious danger.

I chose group A because

even if the tsunami ain't powerful enough, I would be glad I was careful enough for it and it'll help me in future if I face another situation like this again

The consequences if I chose group B would be :

well, if I would have chose B, I won't have taken any Precautions at all

I won't have been careful enough

and in case their prediction went wrong, I would have to suffer high losses.

I hope it helps.... Have a great time ahead!

What is the initial selling price needed to obtain a target profit of $50,000 using the manufacturing cost markup method

Answers

Answer:

$15 per unit

Explanation:

Note "The full question is attached as picture below"

Markup = (Fixed Costs + Desired Profit) / Units produced

Markup = ($300,000 + $150,000 + $50,000) / 50,000

Markup = $500,000 / 50,000 units

Markup = $10 per unit

Variable cost per unit = Variable cost / Quantity

Variable cost per unit = ($200,000 + $50,000) / 50,000

Variable cost per unit = $5 per unit

Sales price = Variable cost + Markup

Sales price = $5 per unit + $10 per unit

Sales price = $15 per unit

So, the initial selling price needed to obtain a target profit of $50,000 using the manufacturing cost markup method is $15 per unit.


[tex]144x \div 25 - 3 + 56 \sqrt{223} [/tex]

Answers

Answer:

[tex]\frac{144x}{25} - 3 + 56\sqrt{223}[/tex]

Explanation:

Given

[tex]144x \div 25 - 3 + 56\sqrt{223}[/tex]

Required

Simplify

The question is either incomplete or it is the solution to an existing question.

The question cannot be further simplified. However, a better way of writing the expression is:

[tex]\frac{144x}{25} - 3 + 56\sqrt{223}[/tex]

or

[tex]\frac{144x - 75}{25} + 56\sqrt{223}[/tex] ---- by taking the LCM

or

[tex]\frac{144x - 75 + 1400\sqrt{223}}{25}[/tex] ---- by taking the LCM

Other than rewriting the expression, nothing else can be done

a T-bill money market fund that yields a sure rate of 4.6%. The probability distributions of the risky funds are: Expected Return Standard Deviation Stock fund (S)166%Bond fund (B)70%The correlation between the fund returns is 0.0800. What is the Sharpe ratio of the best feasible CAL

Answers

Answer:

The Sharpe ratio of the best feasible CAL is 0.3167.

Explanation:

Note: This question is not complete as some data are omitted. The complete qustion is therefore provided before answering the question. See attached pdf file for the complete question.

Risk-free rate = Sure rate of the T-bill money market fund = 4.6%, or 0.046

Sharpe ratio of a fund = (Expected return - Risk-free rate) / Standard Deviation …………. (1)

Using equation (1), we have:

Sharpe ratio of Stock fund = (16% - 4.6%) / 36% = 0.3167

Sharpe ratio of Bond fund = (7% - 4.6%) / 30% = 0.08

Since Sharpe Ratio of Stock Fund (S) is higher than Sharpe Ratio of Bond Fund (B), this implies that the best option is to invest in Stock Fund (S).

Therefore, the Sharpe ratio of the best feasible CAL is 0.3167.

Felix is training for a triathlon, a timed race that combines swimming, biking, and running. Consider the following sentence: Felix has only 20 hours this week that he can devote to training. Each hour he spends swimming is an hour that he can't spend biking or running. Which basic principle of individual choice do these statements best illustrate?

a. Juanita can use time most efficiently by spending the same amounts of time on swimming, biking, and running.
b. People face trade-offs
c. People usually exploit opportunities to make themselves better off.
d. Juanita has an incentive to spend more time on swimming than on biking or running.

Answers

The two choices that could represent this would be A, and B. I believe the correct answer to be B however.

An investment banker agrees to underwrite an issue of 10 million shares of stock for TWResearch, Inc. on a firm commitment basis. The investment banker pays $10.50 per share to TWResearch, Inc. for the 10 million shares of stock. It then sells those shares to the public for $11.20 per share.
If the investment bank can sell the shares for $9.75 per share, what is the profit (loss) to the investment banker?
a) Profit of $1,000,000.
b) Loss of $7,500,000.
c) Profit of $7,000,000.
d) Loss of $7,000,000.\
e) Loss of $1,000,000.

Answers

Answer: b) Loss of $7,500,000.

Explanation:

The total the investment bank paid when underwriting was:

= 10.50 * 10,000,000 shares

= $105,000,000

The total they then sell to the public is:

= 9.75 * 10,000,000

= $97,500,000

The profit is:

= Selling revenue from public - Buying cost from company

= 97,500,000 - 105,000,000

= -$7,500,000

name the market structure in which agriculture farming operate​

Answers

Answer:

The right answer is "Pure monopoly, monopolistic competition and oligopoly".

Explanation:

The agricultural market system would be fundamentally competitive as well as is often called straight-up competitiveness.Agriculture would be ideal competitiveness even though it has a vast variety of industries and every company generates a small proportion of the overall production of such marketplace.

Thus the above is the correct answer.

Suppose you have $100 of endowment, and you are offered a chance to buy a lottery which costs $36. The lottery has 43% of chance to win a prize of $G, or you just lose and get nothing. Suppose your utility function on wealth is u(w)=w^1/2. What is the least prize size G that you will be willing to buy the lottery? (Round to the second digit after decimal point.)

Answers

Answer:

96.02

Explanation:

Lottery's Expected utility = [tex]\sqrt{100}[/tex] = 10

Income in good state = 100 - 36 + G = 64 + G

Income in bad state = 100 - 36 = 64

Probability in good state = 43%

Probability in bad state = 100% - 43% = 57%

Expected utility = Probability in good state x [tex]\sqrt{(64 + G )}[/tex] + Probability in bad state x [tex]\sqrt{64\\}[/tex]

10 = 43% x [tex]\sqrt{(64 + G )}[/tex] + 57% x 8

10 = 43% x [tex]\sqrt{(64 + G )}[/tex] + 4.56

10 - 4.56 = 43% x [tex]\sqrt{(64 + G )}[/tex]

5.44 = = 43% x [tex]\sqrt{(64 + G )}[/tex]

5.44 / 43% = [tex]\sqrt{(64 + G )}[/tex]

12.65 = [tex]\sqrt{(64 + G )}[/tex]

[tex]12.65^{2}[/tex] = [tex](\sqrt{(64 + G )})^{2}[/tex]

160.0225 = 64 + G

G = 160.0225 - 64

G = 96.0225

G = 96.02

Mass customization is ______. Group of answer choices the redesign of components found to be faulty in earlier versions of a product the mass production of individually customized products the reuse of components discarded from scrapped products the production of each product by hand for specific custom

Answers

Answer:

production of individually customized products

Explanation:

Mass customization can be described as when a company produces and delivers market goods and services that are suited to meet the needs of individual customers

It combines the benefit of low cost associated with mass production with the customization of goods.

An example of a product that is mass customized is the mobile phone. A mobile phone is mass produced but due to its software, users are able to modify or customize their phone to suit their needs

Types of Mass customization

Collaborative customization:  In this type of Mass customization, customers and the company work together to create a good or service that meets the unique needs of the consumer.  Adaptive customization: the good or service created can be further customized by the consumer to suit their needs.  Transparent customization: unique products are made for each consumer .  Cosmetic customization: different types of standardized products are made for various groups of customers.

Advantages of Mass customization

Customer satisfaction increasesGoods are produced at lower costs

Disadvantages of Mass customization

It would be difficult for the company to build up stock ahead of time due to the unique needs of the customersthere would be an increased wait time from the time the order is made till when it is delivered

When he became the president of Jem Incorporated, John Smith changed the date of the weekly payday from the end of the day on Monday to the end of the day on Friday. The company has a weekly payroll of $10 million, and the cost of short-term funds was 13%. If this change delayed check clearing by 1 week, what annual savings were realized

Answers

Answer: $1.3 million

Explanation:

Based on the information given in the question, if this change delayed check clearing by 1 week, then the annual savings that were realized will be:

= Weekly payroll × Cost of short term funds

= $10 million × 13%

= $10 million × 0.13

= $1.3 million

Annual savings realized is $1.3 million.

Given the points (-4,8) and (6,-12)

Answers

Answer:

N/A

Explanation:

What is the question. There is nothing to answer.

where is the question please put the question so we can help

A manager has determined that a potential new product can be sold at a price of $25 each. The cost to produce the product is $17.5, but the equipment necessary for production must be leased for $75,000 per year. What is the break-even point

Answers

Answer:

10,000 units

Explanation:

Calculation to determine the break-even point

Using this formula

Break-even point = Fixed cost / [Selling Price - Cost Price]

Let plug in the formula

Break-even point = $75,000 / [$25 - $17.5]

Break-even point = $75,000 / [$7.5]

Break-even point = 10,000 units

Therefore the break-even point is 10,000 units

An insurance company received claim forms from 22 phony doctors. The forms all originated from two addresses: a post office box and a business located in a nearby city and owned by the manager's husband. The manager used a limousine to pick up fellow employees from an expensive restaurant. What fraud symptoms are mentioned in this scenario

Answers

Answer:

Option D

Explanation:

Complete question

An insurance company received claim forms from 22 phony doctors. The forms all originated from two addresses: a post office box and a business located in a nearby city and owned by the manager's husband. The manager used a limousine to pick up fellow employees from an expensive restaurant. What fraud symptoms are mentioned in this scenario? A) Accounting anomalies B) Extravagant lifestyles C) Internal control weaknesses D) Both a and b E) All of the above

Solution

The Accounting anomalies are include the following

a) source documents

b) faulty journal entries

c) inaccuracies in ledgers

Extravagant lifestyles fraud occur when a person's expense is not in compliance of their known income.

Hence, both option A and B are correct.

Option D

It has been argued that the traditional model of a full-service, lead advertising agency is becoming obsolete. Discuss the changes occurring in the industry and how they are affecting the traditional lead agency model.

Answers

Answer:

It can be argued that the traditional leading full-service advertising agency model is becoming obsolete by the emergence of new technologies and communication tools such as social media. The relationship between company and consumer is no longer something more mechanized and distant to become more direct and personal, this was made possible by the very characteristics of social media, which are fast and integrative communication tools, which humanized and brought companies closer to consumers, making relationship marketing a great advantage in the quest for value creation and market positioning.

Therefore, after companies have immersed themselves in social media, communication is faster and more instantaneous, in addition to being cheaper, it does not require so much elaborate advertising effort, but content that engages its potential audience, generates value and focuses on building relationships . So advertising is really just a construction of the real connections that consumers want to have with the company, its values, objectives and mission.

Cala Manufacturing purchases land for $411,000 as part of its plans to build a new plant. The company pays $30,500 to tear down an old building on the lot and $45,087 to fill and level the lot. It also pays construction costs $1,726,400 for the new building and $108,976 for lighting and paving a parking area. Prepare a single journal entry to record the costs incurred by Cala, all of which are paid in cash.

Answers

Answer:

Date    General journal                               Debit           Credit

            Land                                             $486,587

            ($411,000+$30,500+$45,087)

            Land improvements                    $108,976

            Building                                        $1,726,400

                   Cash                                                            $2,321,963

Consuela is a business analyst for her company. She is working from home and on a video conference with several other team members. Her video conferencing client displays a message indicating that the quality of her connection is unstable. What is the most likely problem

Answers

Answer: c) Latency between her VPN client removing encryption and making it available to the video-conferencing client is causing poor performance.

Explanation:

A Virtual Private Network (VPN) is used to protect the identity of people online as it encrypts a person's data and uses different servers to allow them browse the web and with a different IP address from the user's original IP address that way it appears as though the user is somewhere else in the world than they actually are.

In doing this however, VPNs might give slow speeds due to the latency that develops as the VPN encrypts and decrypts data for use. In this case, the VPN latency in decrypting the video call for Consuela to see it is slowing down the speed of the Video conferencing client.

Do we have to show repair expense of abnormal loss in consignment account.If yes,how ?​

Answers

Answer:

yes

Explanation:

to see the income and costs of the business

Morphe Cosmetics agrees to manufacture makeup palettes for Jaclyn Cosmetics. Under the terms of the contract, Jaclyn will pay Morphe a total of $60,000, and Jaclyn can cancel the contract if it so chooses but must pay Morphe for work completed. Morphe believes that, if Jaclyn cancelled the contract, Morphe could sell the palettes to another firm and still make a profit. The manufacturing contract is expected to last six months, and as of December 31, 2021, the job is 80% complete. How much revenue should Morphe recognize in 2021 for this contract

Answers

Answer:

the revenue that should be recognized is $48,000

Explanation:

The computation of the revenue that should be recognized is shown below;

= Total price of the contract × Percentage of completion of the contract

= $60,000 × 80%

= $48,000

By multiplying the total contract price with the percentage we can get the revenue recognized

hence, the revenue that should be recognized is $48,000

Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow:
20Y5 20Y6
Net income $1,508,000 $2,676,000
Preferred dividends $60,000 $60,000
Average number of
common shares outstanding 80,000 shares 120,000 shares
a. Determine the earnings per share for 20Y5 and 20Y6.
b. Is the change in the earnings per share from 20Y5 to 20Y6 favorable or unfavorable?

Answers

Answer and Explanation:

a. The computation of the earning per share is given below:

As we know that

Earning per share = (Net income - preference dividend) ÷ (average no of common shares oustanding)

For 20Y5

= ($1,508,000 - $60,000)  ÷ 80,000 shares

= $18.1

For 20Y6

= ($2,676,000 - $60,000) ÷ 120,000 shares

= $21.8

b. Since the earning per share is increased from 20Y5 to 20Y6 so it is favorable

The world's average (mean) GDP per capita is $10,515. There are roughly 7 billion people in the world. About 20% of the world's population produces 50% of the world's total GDP. How much GDP does the top 20% produce

Answers

Answer:

$36.802.50 billion

Explanation:

GDP per capita measures the standard of living of the people in a country. The higher the GDP per capita, the higher the standard of living

GDP per capita = GDP / population  

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

$10,515 = GDP / 7 billion

GDP = $10,515 x 7 billion

GDP = 73,605 billion

GDP of the top 20% = 50% x 73,605 billion = $36.802.50 billion

Cashan Corporation makes and sells a product called a Miniwarp. One Miniwarp requires 1.5 kilograms of the raw material Jurislon. Budgeted production of Miniwarps for the next five months is as follows: August 24,500 units September 24,700 units October 24,600 units November 26,400 units December 24,500 units
The company wants to maintain monthly ending inventories of Jurislon equal to 30% of the following month's production needs. On July 31, this requirement was not met since only 10,400 kilograms of Jurislon were on hand. The cost of Jurislon is $4.00 per kilogram. The company wants to prepare a Direct Materials Purchase Budget for the next five months.
The desired ending inventory of Jurislon for September is:_______.
a. $29,640
b. $29,520
c. $44,460
d. $44,280

Answers

Answer:

Option d ($44,280) is the correct option.

Explanation:

Given:

Maintain monthly inventory,

= 30%

October production,

= 24,600 units

Rate per kg,

= $4

For September month,

The desired ending units will be:

= [tex]Maintain \ monthly \ inventory\times Production \ in \ October[/tex]

= [tex]30 \ percent\times 24600[/tex]

= [tex]7380 \ units[/tex]

The required quantity will be:

= [tex]1.5 \ kg\times Desired \ ending \ units[/tex]

= [tex]1.5 \ kg\times 7380[/tex]

= [tex]11070 \ units[/tex]

hence,

The total price will be:

= [tex]Rate \ per \ kg\times Required \ quantity[/tex]

= [tex]4\times 11070[/tex]

= [tex]44280[/tex] ($)

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