iSooky has a spotter truck with a book value of $52,000 and a remaining useful life of 5 years. At the end of the five years the spotter truck will have a zero salvage value. The market value of the spotter truck is currently $38,000. iSooky can purchase a new spotter truck for $132,000 and receive $32,200 in return for trading in its old spotter truck. The new spotter truck will reduce variable manufacturing costs by $26,200 per year over the five-year life of the new spotter truck. The total increase or decrease in income by replacing the current spotter truck with the new truck (ignoring the time value of money) is:

Answers

Answer 1

Answer:

Increase by $31,200

Explanation:

                                         Retain Truck    Replace Truck   Net Increase

Sale price of old Truck     $0                       $32,200            $32,200

Cost of New Truck            $0                     -$132,000          -$132,000

Variable manuf. cost        -$131,000            $0                      $131,000

Net Income                      -$131,000          -$99,800            $31,200

The total increase in income by replacing the old Truck is $31,200.


Related Questions

Marko, Inc., is considering the purchase of ABC Co. Marko believes that ABC Co. can generate cash flows of $5,600, $10,600, and $16,800 over the next three years, respectively. After that time, they feel the business will be worthless. Marko has determined that a rate of return of 10 percent is applicable to this potential purchase. What is Marko willing to pay today to buy ABC Co.

Answers

Answer:

$26,473.33

Explanation:

The amount Marko would be willing to pay today can be determined by calculating the present value of the cash flows

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

Cash flow in year  1 =  $5,600

Cash flow in year  2 =  $10,600

Cash flow in year  3 =  $16,800

I = 10%

PV = $26,473.33

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

Legos makes multiple lines of products, including Duplos (for toddlers), various Lego kits and games (for boys 7-12 years of age), Friends and Disney Princess Lego kits (for girls 7-12 years of age), Technics (automated kits for teenage boys), and Legos Architecture (for young adults and college students). For each of these product lines, Lego targets a specific segment of consumers and develops different promotional strategies to appeal to each segment. This illustrates:

Answers

Question Completion:

O an undifferentiated targeting strategy.

O a differentiated (multi-segment) targeting strategy.

O a concentrated targeting strategy.

O none of these.

O an non-concentrated targeting strategy.

Answer:

Legos

This illustrates:

O a differentiated (multi-segment) targeting strategy.

Explanation:

The company is using a differentiated, multi-segment targeting strategy.  The multi-segments targeted are toddlers, boys 7-12 years of age, girls 7-12 years of age, teenage boys, and young adults and college students.  With this differentiated multi-segment marketing, Legos targets each segment in a different way, providing unique benefits to the different market segments.  The purpose is to maximize sales and profits by meeting the multivariate needs of the various segments.

A hospitality company is evaluating building a new hotel in Bloomington (capital project) that management forecasts will generate $45,000 each year over its six (6) year life. If the required rate of return given the project's identified risks is 12% (percent), and the project's up front costs are estimated at $165,000, should management go forward with the project?

a. Management should approve the new hotel since the project's NPV is positive.
b. Management should reject the new hotel project as the project's NPV is negative.
c. Unable to determine given information.

Answers

Answer:

A

Explanation:

Net present value is the present value of after-tax cash flows from an investment less the amount invested.  

Only projects with a positive NPV should be accepted. A project with a negative NPV should not be chosen because it isn't profitable.  

When choosing between positive NPV projects, choose the project with the highest NPV first because it is the most profitable.

NPV can be calculated using a financial calculator  

Cash flow in year 0 = $-165,000

Cash flow in year 1 - 6  = $45,000

I = 12%

NPV = $20,013.33

the project should be approved because NPV is positive

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

On January 1, 2016, Belden, Inc. issued long-term notes payable for $50,000. The note will be paid over 10 years with payments of $5,000 plus 12% interest due each January 1, beginning January 1, 2017. Prepare the amortization schedule for the first three payments.

Answers

Answer:

Belden, Inc.

Amortization Schedule

Period PV                  PMT          Interest        Deduction     Net Liability

2017   $50,000.00  $11,000.00  $6,000.00    $5,000.00    $45,000.00

2018   $45,000.00 $10,400.00  $5,400.00    $5,000.00     $40,000.00  

2019   $40,000.00  $9,800.00  $4,800.00    $5,000.00     $35,000.00

Explanation:

a) Data and Calculations:

Long-terms payable = $50,000

Period of note = 10 years

First payment = $11,000 ($5,000 principal + $6,000 interest)

Interest rate = 12%

Long-term payable after January 1, 2017 = $45,000 ($50,000 - $5,000)

12% Interest on payable balance of $45,000 = $5,400

Second payment = $10,400 ($5,000 principal + $5,400 interest)

Long-term payable after January 1, 2018 = $40,000 ($45,000 - $5,000)

12% Interest on payable balance of $40,000 = $4,800

Third payment = $9,800 ($5,000 principal + $4,800 interest)

Long-term payable after January 1, 2019 = $35,000 ($40,000 - $5,000)

Sutherland manufactures and sells 50,000 laser printers each month. A principal component part in each printer is its paper feed drive. Sutherland's plant currently has the monthly capacity to produce 80,000 drives. The unit costs of manufacturing these drives (up to 80,000 per month) are as follows. Variable costs per unit: Direct materials $ 23 Direct labor 15 Variable manufacturing overhead 2 Fixed costs per month: Fixed manufacturing overhead $ 1,300,000 Desk-Mate Printers has offered to buy 10,000 paper feed drives from Sutherland to be used in its own printers. a. Compute the average unit cost of manufacturing each paper feed drive assuming that Sutherland manufactures only enough drives for its own laser printers. b. Compute the incremental unit cost of producing an additional paper feed drive. c. Compute the per-unit sales price that Sutherland should charge Desk-Mate to earn $140,000 in monthly pretax profit on the sale of drives to Desk-Mate.

Answers

Answer:

Sutherland

a. The average unit cost of manufacturing each paper feed drive is:

= $56.25.

b. The incremental unit cost of producing an additional paper feed drive is:

= $170.

c. The per-unit sales price that Sutherland should charge Desk-Mate to earn $140,000 in monthly pre-tax profit on the sale of drives to Desk-Mate is:

= $184.

Explanation:

a) Data and Calculations:

Production and sales of laser printers per month = 50,000

Monthly production capacity for paper feed drives = 80,000

Unit costs of producing drives:

Variable costs per unit:

Direct materials                                 $ 23

Direct labor                                            15

Variable manufacturing overhead        2

Variable cost per unit                       $40   $3,200,000 (80,000 * $40)

Fixed costs per month:

Fixed manufacturing overhead                  $1,300,000

Total production costs =                            $4,500,000

Average unit cost =                                     $56.25 ($4,500,000/80,000)

Incremental unit cost of producing an additional paper feed drive:

Variable cost = $40 * 10,000 =         $400,000

Additional fixed cost per month = $1,300,000

Total incremental costs =              $1,700,000

Unit cost = $170 ($1,700,000/10,000)

Total incremental costs =   $1,700,000

Monthly pre-tax target profit   140,000

Expected sales revenue = $1,840,000

Sales price per drive = $184 ($1,840,000/10,000)

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Internet users aged 15 and older are expected to buy about ________ worth of products and services online in 2022 (excluding travel, automobile, and prescription drugs).
Multiple Choice
$200 million
$900 million
$40 billion
$100 billion
$500 billion

Answers

Answer:

$500 billion

Explanation:

Which account option may require larger money contributions than usual but offers a higher interest rate than traditional savings?
Certificate of deposit
Checking
Money market
Saning

Answers

Answer:

Money Market

Explanation:

I just did this

examples of veriable costs​

Answers

Answer:

Exmples are : labor wage, cost of inputs

Explanation:

Variable cost are the costs that are changing with changing in inputs or production.

On January 1, 2019, Cullumber Company had $1,000,000 of common stock outstanding that was issued at par. It also had retained earnings of $740,000. The company issued 35,000 shares of common stock at par on July 1 and earned net income of $390,000 for the year.

Required:
Journalize the declaration of a 14% stock dividend on December 10, 2020, for the following independent assumptions.
a. Par value is $10, and market price is $18.
b. Par value is $5, and market price is $20.

Answers

Answer:

a. Par value is $10, and market price is $19. b. Par value is $5, and market price is $20.

Explanation:

Which of the following is true of scrum?
A) It was developed to overcome the problems that occur when using the Business Process Modeling Notation (BPMN).
B) It does not adapt to change easily.
C) It is generic enough to be used for the development of business processes, information systems, and applications.
D) Its work periods are usually three months or longer.
E) Answers B and D are correct.

Answers

Statement that explains scrum as regards this question is:A: It was developed to overcome the problems that occur when using the Business Process Modeling Notation (BPMN).

Scrum can be regarded as a framework which helps teams to work together.

It can be considered as an agile project management framework, and it is developed so that the problems that is associated with Business Process Modeling Notation  can be overcomed.

Therefore, option A is correct.

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Consumer surplus is Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a positive in the case of a monopolist practicing perfect price discrimination. b zero for a single-price monopolist. c equal to the price minus the marginal cost. d less in the case of a single-price monopoly than in the case of a perfectly competitive industry.

Answers

Answer:

d less in the case of a single-price monopoly than in the case of a perfectly competitive industry.

Explanation:

A monopoly is a market structure which is typically characterized by a single-seller who sells a unique product in the market by dominance. This ultimately implies that, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes. Any individual that deals with the sales of unique products in a monopolistic market is generally referred to as a monopolist.

For example, a public power company is an example of a monopoly because they serve as the only source of power utility provider to the general public in a society.

In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.

This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.

Generally, a perfectly competitive market is characterized by the following features;

1. Perfect information.

2. No barriers, it is typically free.

3. Equilibrium price and quantity.

4. Many buyers and sellers.

5. Homogeneous products.

Examples of a perfectly competitive market are the Agricultural sector, e-commerce and the foreign exchange market.

Generally, consumer surplus is less in the case of a single-price monopoly than in the case of a perfectly competitive industry.

Nelson Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in cash flow of $112,000. The equipment will have an initial cost of $224,000 and have a 3 year life. If the salvage value of the equipment is estimated to be $87,000, what is the payback period

Answers

Answer:

2 years

Explanation:

Payback period is the length of time it takes for the future cash flows to equal the initial investment.

$224,000 = $112,000 + $112,000

therefore,

It takes 2 years for the cashflows to equal initial investment

Ahrends Corporation makes 70,000 units per year of a part it uses in the products it manufactures. The unit product cost of this part is computed as follows: Direct materials $ 17.80 Direct labor 19.00 Variable manufacturing overhead 1.00 Fixed manufacturing overhead 17.10 Unit product cost $ 54.90 An outside supplier has offered to sell the company all of these parts it needs for $48.50 a unit. If the company accepts this offer, the facilities now being used to make the part could be used to make more units of a product that is in high demand. The additional contribution margin on this other product would be $273,000 per year. If the part were purchased from the outside supplier, all of the direct labor cost of the part would be avoided. However, $8.20 of the fixed manufacturing overhead cost being applied to the part would continue even if the part were purchased from the outside supplier. This fixed manufacturing overhead cost would be applied to the company's remaining products. What is the financial advantage (disadvantage) of purchasing the part rather than making it

Answers

Answer:

$147,000

Explanation:

The computation of the financial advantage (disadvantage) of purchasing the part rather than making it is shown below;

Particulars                  Make                 Buy

Direct material      $1,246,000 (70,000 × $17.80)  

Direct labour         $1,330,000 (70,000 × $17.80)  

Variable manufacturing

overhead               $70,000 (70,000 × $1)  

Fixed manufacturing

overhead             $623,000 (70,000 × ($17.10 - $8.20))  

Purchase cost                                       $3,395,000 (70,000 × $48.50)  

Opportunity cost $273,000  

Total cost             $3,542,000            $3,395,000

So, the Advantage is

=  ($3,542,000 - $3,395,000)

= $147,000

The financial advantage that Ahrends Corporation will get by purchasing the part rather than making it is $147,000.

Data and Calculations:

Number of units produced per year = 70,000

Direct materials                           $ 17.80

Direct labor                                    19.00

Variable manufacturing overhead 1.00

Total variable costs =                $37.80

Fixed manufacturing overhead     17.10

Unit product cost                     $ 54.90

Outside supplier's price = $48.50

Total avoidable costs:

Direct materials                           $ 17.80

Direct labor                                    19.00

Variable manufacturing overhead 1.00

Fixed manufacturing cost =           8.90

Total avoidable costs =             $46.70

                                               Make         Buy            Differential Analysis

Variable costs            $3,269,000    $3,395,000          ($126,000)

Additional contribution                          (273,000)            273,000

Total costs/savings   $3,269,000     $3,122,000          $147,000

Thus, Ahrends Corporation will gain $147,000 by purchasing the part rather than making its in-house.

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Mekia is in high school. She is thinking about possible career choices. Her guidance counselor gave her information about several career possibilities. Which best describes information she may read about the Human Services career cluster?

a) Human Services careers have an above average rate of increase in the number of jobs.
b)Human Services careers have an average rate of increase in the number of jobs.
c)Human Services careers have a below average rate of increase in the number of jobs.
d)Human Services careers have experienced no change in the number of jobs over the last couple of years.

Answers

Answer:

The statement that best describes the information she may read about the Human Services career cluster is:

a) Human Services careers have an above average rate of increase in the number of jobs.

Explanation:

The human services sector will add 257,700 jobs from 2014 to 2024.  This represents an increase of more than 10% and is mainly propelled by the increasing need for social services.

On November 1, 2015, Ybarra Construction Company issued $400,000 of 5-year bonds that pay interest at an annual rate of 5%. The interest payments are due every six months (that is, the interest is compounded semi-annually). At the end of the five-year period, Ybarra must pay the bond holders a balloon payment of $400,000. a. What would the issue price of the bonds be if the prevailing interest rate is: Round answers to the nearest whole number.

Answers

Answer:

the question is incomplete, but I can give two examples of interest rate being higher or lower:

For example, interest rate is 6%

PV of face value = $400,000 / (1 + 3%)¹⁰ = $297,637.57

PV of coupon payments = $10,000 x 8.5302 (PVIFA, 3%, 10 peridos) = $85,302

Market price = $382,939.57

Second example, interest rate is 4%

PV of face value = $400,000 / (1 + 2%)¹⁰ = $328,139.32

PV of coupon payments = $10,000 x 8.9826 (PVIFA, 2%, 10 peridos) = $89,823

Market price = $417,962.32

Road Master Shocks has 15,000 units of a defective product on hand that cost $80,000 to manufacture. The company can either sell this product as scrap for $6 per unit or it can sell the product for $9 per unit by reworking the units and correcting the defects at a cost of $40,000. Prepare a schedule to show the effect of selling the defective units as scrap or rework.

Answers

Answer:

If the units are reworked, net income will increase by $5,000.

Explanation:

Giving the following information:

Number of units= 15,000

Sell as-is:

Selling price= $6 per unit

Rework:

Selling price= $9

Total cost= $40,000

The original production costs ($80,00) should not be taken into account because they remain constant for the two options.

Now, we will determine the effect on the income of both choices:

Sell as-is:

Effect on income= 6*15,000= $90,000 increase

Re-work:

Revenue= 15,000*9= 135,000

Total cost= (40,000)

Effect on income0 $95,000 increase

If the units are reworked, net income will increase by $5,000.

Pacific Cruise Lines is a defendant in litigation involving a swimming accident on one of its three cruise ships.
Required:
1. The likelihood of a payment occurring is probable, and the estimated amount is $1.11 million.
2. The likelihood of a payment occurring is probable, and the amount is estimated to be in the range of $0.91 to $1.11 million.
3. The likelihood of a payment occurring is reasonably possible, and the estimated amount is $1.11 million.
4. The likelihood of a payment occurring is remote, while the estimated potential amount is $1.11 million.
Record the necessary entry for the scenarios given above. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in dollars, not in millions, (i.e. 5.5 should be entered as 5,500,000).)

Answers

Answer: See explanation

Explanation:

The necessary journal entry with regards to the scenarios given above will be:

1. Debit Loss $1,110,000

Credit Contingent liability $1,110,00

2. Debit Loss $910,000

Credit Contingent Liability $910,000

3. No journal entry

4. No journal entry

Note that there won't be a journal entry for (3) and (4) since the likelihood of a payment occurring is reasonably possible, and remote.

Zwick Company bought 21,500 shares of the voting common stock of Handy Corporation in January 2021. In December, Handy announced $201,500 net income for 2021 and declared and paid a cash dividend of $9.00 per share on all 207,500 shares of its outstanding common stock. Zwick Company's dividend revenue from Handy Corporation in December 2021 would be:

Answers

Answer:

$193,500

Explanation:

Calculation to determine what Zwick Company's dividend revenue from Handy Corporation in December 2021 would be

Using this formula

Dividend revenue =Voting common stock shares *Cash dividend

Let plug in the formula

Dividend revenue=21,500 shares x $9.00 per share

Dividend revenue = $193,500

Therefore Zwick Company's dividend revenue from Handy Corporation in December 2021 would be:$193,500

The Ashford Twins hired you as a consultant to estimate the company's WACC. You have obtained the following information. (1) The company's noncallable bonds mature in 20 years, have a coupon rate of 7.00% paid annually, a par value of $1,000, and a current market price of $850. (2) The company's tax rate is 28%. (3) The required rate of return on the company's common stock based on CAPM is 10.0%. (4) The target capital structure consists of 20% debt, with the remainder comprised of common equity. What is its WACC

Answers

Answer:

9.24 %

Explanation:

WACC = Cost of Equity x Weight of Equity + Cost of Debt x Weight of Debt

Remember to use the After tax cost of debt :

Cost of Debt r is

Pv = - $850

Fv = $1,000

n = 20

p/yr = 1

pmt =  $1,000 x 7.00% = $70

r = ??

Using a financial calculator r is 8.60 %

thus,

After tax cost of debt = 8.60 % x (1 - 0.28)

                                    = 6.192 %

therefore

WACC = 10.0% x 80 % + 6.192 % x 20 %

           = 9.2384 or 9.24 %

The company's WACC is 9.24 %

Hardy Company must maintain a compensating balance of $50,000 in its checking account as one of the conditions of its short-term 6% bank loan of $500,000. Hardy's checking account earns 2% interest. Ordinarily, Hardy would maintain a $20,000 balance in the account for transaction purposes. What is the loan's approximate effective interest rate

Answers

Answer:

The loan's approximate effective interest rate is 6.17%.

Explanation:

Interest expense = Short term bank loan * Short term bank loan interest rate = $500,000 * 6% = $30,000

Interest income = Balance in the account checking account * Interest rate on checking account balance = $20,000 * 2% = $400

Net interest expense = Interest expense - Interest income = $30,000 - $400 = $29,600

Available amount = Short term bank loan interest rate - Balance in the account checking account = $500,000 - $20,000 = $480,000

Effective interest rate = Net interest expense / Available amount = $29,600 / $480,000 = 0.0617, or 6.17%

Therefore, the loan's approximate effective interest rate is 6.17%.

The risk-free rate of return is 10.5%, the expected rate of return on the market portfolio is 17%, and the stock of Xyrong Corporation has a beta coefficient of 1.5. Xyrong pays out 50% of its earnings in dividends, and the latest earnings announced were $13 per share. Dividends were just paid and are expected to be paid annually. You expect that Xyrong will earn an ROE of 24% per year on all reinvested earnings forever. a. What is the intrinsic value of a share of Xyrong stock

Answers

Answer:

$88.24

Explanation:

The computation of the  intrinsic value of a share of Xyrong stock is shown below;

k = risk free rate of retunr+ beta[expected market rate of return - risk free rate of return]

= 10.5% + 1.5(17% - 10.5%)

= 20.25%  

Now

growth rate = b × ROE

= .5 × 24%

= 12%

Now the intrinsic value of the stock is

= (($13 × 50%)  × (1 + 0.12)) ÷ (0.2025 - 0.12)

= $88.24

What might you expect to find out about people who are described as credit risks?

A) They are usually given a low interest rate.
B) They have a history of not making their payments on time.
C) They find it easy to get a loan from the bank.
D) They have a history of paying in full each month.

Answers

Answer:

its B!!

Explanation:

Windsor, the owner of Windsor's Sandwiches, contacts Gary, a new supplier. He promises Gary that he will pay him $375 if Gary delivers 20 pounds of cheese the following morning. Gary promises to make the delivery as requested by Windsor. What type of contract is formed and why?

Answers

Answer: bilateral contract

Explanation:

Based on the information given in the question, the type of contract formed is a bilateral contact.

A bilateral contract refers to a contract whereby both parties that are involved make promises to perform a certain action. The promise of some party will be the consideration on which the promise of the other party will be based.

Since Windsor promises Gary that he will pay him $375 if Gary delivers 20 pounds of cheese the following morning and Gary promises to make the delivery as requested by Windsor, then this is a bilateral contract.

To compare statement of cash flows reporting under the direct and indirect methods, indicate whether each item is used in the direct method or the indirect method.

a. Accounts payable
b. Payments to employees
c. Cash collections from customers
d. Accounts receivable
e. Payments to suppliers

Answers

Answer:

Indirect Method

      a. Accounts payable increase or decrease

      d. Accounts receivable increase or decrease.

The above are both used in the Indirect method and fall under Cashflow from Operating activities.

Direct Method    

     b. Payments to employees

     c. Cash collections from customers  

     e. Payments to suppliers

The direct method involves the above and they all fall under Cash generated from operations.

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Answers

Answer:

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Sarah’s first questions for you have to do with the general ideas and terminology used to evaluate variances. Provide answers to the following questions (1)-(3). 1. Why might Sarah want to use standard costs to compare with her actual costs? a. Standard costs give management a cost structure for products that is applicable for the entire life of the business. b. Standard costs allow management to motivate employees by comparing their performance to what it would be under perfect conditions. c. Management can evaluate the differences between standard costs and actual costs to focus on correcting the cost variances.

Answers

Answer:

Sarah

The reason for Sarah to want to use standard costs to compare with her actual costs is:

c) Management can evaluate the differences between standard costs and actual costs to focus on correcting the cost variances.

Explanation:

Standard costs provide a control technique for evaluating the performance of Sarah's company at three levels: a standard performance level, a measure of actual performance, and a measure of the difference (variance) between standard and actual costs.  Sarah will also use the variances resulting from the comparison of standard costs with actual costs to measure the non-financial performance of the entity.

If the required direct materials purchases are 15000 pounds, the direct materials required for production is three times the direct materials purchases, and the beginning direct materials are three and a half times the direct materials purchases, what are the desired ending direct materials in pounds?

Answers

Answer: 22500

Explanation:

The the desired ending direct materials in pounds will be calculated thus:

purchased (p) = 15000

Required will be = 3 × purchased = 3p

Beginning direct material = 3.5p

Therefore, the desired ending direct material will be:

= 3.5p + p - 3p

= 1.5p

= 1.5 × 15000

= 22500

Wireless Solutions reports operating expenses of $955,000. Operating expenses include both rent expense and salaries expense. Prepaid rent increases during the year by $27,000 and salaries payable increases by $18,500. What is the cash paid for operating expenses during the year

Answers

Answer:

$963,500

Explanation:

Given the that:

Operating expenses = $955,000

Prepaid rent increase = $27,000

Salaries payable increase = $18,500

Then, Cash paid for operating expenses during the year is computed by;

= Operating expenses + Prepaid rent increase - Salaries payable increase

= $955,000 + $27,000 - $18,500

= $963,500

Blue Corporation purchased a truck at the beginning of 2020 for $61,000. The truck is estimated to have a salvage value of $2,440 and a useful life of 195,200 miles. It was driven 28,060 miles in 2020 and 37,820 miles in 2021. Compute depreciation expense using the units-of-production method for 2020 and 2021.
Depreciation expense for 2020
Depreciation expense for 2021

Answers

Answer:

Depreciation expense for 2020 = $8,418  

Depreciation expense for 2021  = $11,346

Explanation:

Depreciation expense using the units-of-production method is determined as follows :

Depreciation expense  = Depreciation rate x annual usage

where,

Depreciation rate = (Cost - Salvage Value) ÷ Estimated usage

                              = ($61,000 - $2,440) ÷ 195,200 miles

                              = $0.30 per mile

thus,

Depreciation expense for 2020

Depreciation expense  = $0.30 per mile x 28,060 miles

                                       = $8,418                    

Depreciation expense for 2021

Depreciation expense  = $0.30 per mile x 37,820 miles

                                       = $11,346

1 My sister.....coming home this weekend. (is / are).
2 My sisters......coming home this weekend. (is / are).
3 I....going to Disneyland in March (am / are).
4 We....going to Disneyland in March. (am / are) .
5 He always.....his toys with me(share e/shares).
6 They always.....their toys with me.(share/ shares).
7 My class.....a lot of homework today. (has/have).
8 We.......a lot of homework today.(has/have).
9 You ......nice in that dress. (look looks).
10 She..... nice in that dress. (look looks).​

Answers

Answer:

1. is

2. are

3. am

4. shares

5. share

6. has

7. has

8. have

9. look

10. looks

Explanation:

pay attention In class

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