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Sveta_85 [38]
3 years ago
11

Bramble Corp. purchased a delivery truck for $38,800 on January 1, 2019. The truck has an expected salvage value of $1,800, and

is expected to be driven 100,000 miles over its estimated useful life of 8 years. Actual miles driven were 14,700 in 2019 and 12,900 in 2020. (a1) Calculate depreciable cost per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.)
Business
1 answer:
Advocard [28]3 years ago
5 0

Answer:

$0.37

Explanation:

Depreciable cost = cost of asset - salvage value

$38,800 - $1,800 = $37,000

Depreciable cost per mile = $37,000 / 100,000  = $0.37

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If the maximum operating capacity of the Gobblecakes bakery is 12,000 cupcakes annu- ally, determine the break-even volume as a
bixtya [17]

Answer:

(a) 65.22%

(b) $28,800; $38,400; $9,600

Explanation:

Total cost:

= variable cost + fixed cost

= (12,000 × 0.90) + 18,000

= 28,800

Total Revenue:

= quantity of cupcakes sold × selling price of each cupcake

= 12,000 × 3.2

= 38,400

Profit:

= Total revenue - Total cost

= 38,400 - 28,800

= 9,600

Break even sales:

= Fixed cost ÷ contribution margin

= 18,000 ÷ (3.2 - 0.90)

= 7,826.087

Break even volume in capacity:

= Break even sales ÷ Cupcakes produced

= 7,826.087 ÷ 12,000

= 65.22%

8 0
3 years ago
Which of the following is an objective of capital budgeting?
polet [3.4K]

Answer:

C. To earn a satisfactory return on investment.

Explanation:

The objective of the capital budgeting is that the company should have to do the investment in that thing which should be profitiable. In this, the company have the options i.e. either it selects the better investment or proposal for the enterprise

So as per the given situation, when the return on the investment is earn and it becames satisfactory so this represent the capital budgeting objective

Hence, the option c is correct

5 0
3 years ago
Interest rates on 4-year Treasury securities are currently 6.05%, while 6-year Treasury securities yield 7.6%. If the pure expec
a_sh-v [17]

Answer:

2 year yield 4 years from now 37.99%

Explanation:

given data

Interest rates r1 = 6.05% = 0.0605

Interest rates r2 = 7.6% = 0.0760

to find out

2 year  yielding 4 years from now

solution

we find here  2 year securities will be yielding 4 years from now by as

2 year yield 4 years from now = \frac{(1+r2)^{t2}}{[(1+r1)^{t1}]^{0.5}} - 1

put here value we get

2 year yield 4 years from now = \frac{(1+0.0760)^6}{[(1+0.0605)^4]^{0.5}} - 1

2 year yield 4 years from now = 1.379915 - 1

2 year yield 4 years from now = .379915

so 2 year yield 4 years from now 37.99%

5 0
3 years ago
What does excellent employee do in bloxburg
kirill [66]

Answer:

it will give players 25% more the amount of pay they would usually get.

5 0
3 years ago
Read 2 more answers
The drama club sold a total of 360 adult and student tickets for the school play. Charging $5 for each adult ticket and $3 for e
ahrayia [7]

Answer:

220

Explanation:

Let us assume the adult ticket be X

And, the student ticket be Y

So, the first equation is

X + Y = 360

So, Y = 360 - X

Now the second equation is

5X + 3Y = $1,360

Now put the Y value to the above equation

5X + 3 × (360 - X) = $1,360

5X +  1,080 - 3X = $1,360

2X = $1,360 - $1,080

2X = $280

X = 140

Now the X + Y = 360

So, Y equal to

= 360 - 140

= 220

8 0
3 years ago
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