Answer:
a. $0.20
b. $322,000
Explanation:
Depreciation is the systematic allocation of the cost of an asset to the income statement over the estimated useful life of that asset.
It is determined as the depreciable value of the asset over the estimated useful life of the asset where the depreciable value is the difference between the cost and salvage value of the asset
.
The amount of depreciation to be recognized for each mile that a rental automobile is driven
= ($15,000 - $6,000)/45,000
= $9,000/45,000
= $0.20
Total millage expected of the 60 cars before disposal
= 60 * 45,000 miles
= 2,700,000 miles
The total amount of depreciation expense that Central Auto Rentals should recognize on this fleet of cars for the year
= 1,610,000/2,700,000 * ($9,000 * 60)
= $322,000
Answer: carriage forward means delivery is being laid by the buyer. Carriage paid means delivery is paid by the seller.
Answer:
See bellow
Explanation:
With regards to the above, Rouse total stockholder's equity is computed as;
= Preferred stock + common stock + paid in capital in excess of par (preferred stock and common stock) + retained earnings - Treasury stock
= $150,000 + $1,950,000 + $60,000 + $27,000,000 + $7,650,000 - $630,000
= $53,730,000
No, Dr G has nothing to worry about because only 8 students won the academic as well as fine arts award out of 128 academic award winners. This corresponds to very low percentage of joint winners out of just academic award winners (0.0625%)
Explanation:
Total students in the Westside High School- 768
Winner of academic awards- 128
Winner of fine arts awards- 48
Students who won both awards- 8
Dr G pre assumption= Dr G was worried that winner of academic awards would win fine awards more likely.
But it seems that his assumtions are wrong since only 8 students out of 128 students won joint awards (meaning only 8 students won awards for fine arts as well as academic awards). Similarly, this corresponds to only 0.0625% of students winning academic awards as well as Fine arts awards.
Yes, there could still possibly be a trademark violation on the name wizard, even if there is no confusion about which company it was when going to site. This is because the company in California had the name first and most likely had trademarked the name for their business.
