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:
Explanation:
✓Performance Risk
1)Could Damage Career
2)All the same
✓Financial Risk ( risks that could be attributed to finance, i.e money)
1)Tight budget
2)Expensive Service
✓Psychological Risk
1)Unimportant
2)Personal Image
✓Internal vs External ( ways to get access to information)
1)Salon of Convenience
2)Salon of Choice
✓Benefits vs Costs
1)Worth the Money
2)Effortless
<h2>Activity Cost Pool </h2>
It is the activity measure total cost of total activity assisting a gathering of guests. The number of people attended $ 14,500 for 5,800 people. Serving a customer number of guests served $ 95,160 for 12,200 diners. Serving a drink number of beverages ordered for $ 27,270 for 10,100 bottles.
- The above prices cover all of the expenses of the restaurant without for organization-sustaining expenses. Example rent, business taxes, and top-management payrolls. Some expenses, like the expense of cleaning the linens that cover the restaurant's furniture, change with the amount of individuals worked.
- Additional costs, example washing dishes and glasses, depends on the number of customers attended or the number of drinks served. Prior to the activity-based costing research, the landlord understood very little about the expenses of the restaurant. She knew that the entire cost for the month including organization-sustaining costs was $180,000 and that 12,000 customers must be served.
Accordingly, the average cost per customer was $15.
Answer:
Generally, you report any portion of a scholarship, a fellowship grant, or other grant that you must include in gross income as follows: If filing Form 1040 (PDF), include the taxable portion in the total amount reported on the "Wages, salaries, tips" line of your tax return
