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sveta [45]
3 years ago
11

What did Lonnie Johnson work on in the military

Business
1 answer:
arlik [135]3 years ago
5 0

Lonnie Johnson had an illustrious career as a nuclear engineer working on the Galileo space programme and the stealth bomber - but he is best known for creating a water pistol.

Hope this helped!

Good luck :p

~Emmy <3

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On January 1, 2021, the Excel Delivery Company purchased a delivery van for $46,000. At the end of its five-year service life, i
marusya05 [52]

Answer:

Given

Cost $46000

Life= 5 years

Salvage Value= $ 4000

Total miles = 165,000

Formula

Depreciation Straight Line Method= Cost - Salvage Value/ Useful Life

Straight Line Rate= 100%/ useful Life= 100%/5 = 20%

Double Declining Method = 2 * Straight Line Rate

Double Declining Method = 2 * Straight Line Rate= 2*20%= 40%

1. Depreciation Straight Line Method= Cost - Salvage Value/ Useful Life

Depreciation Straight Line Method= $ 46000- $4000/ 5= $ 8,400

The depreciation expense using the straight line method does not change unless the salvage value is reached

Years        Depreciation      Accumulated Dep          Book Value

                                                                                (Cost - Accu. Dep)

a. 2021       $ 8,4000               8400                            37600

b. 2022       $ 8,4000               16,800                         29,200

c. 2023        $ 8,4000              25200                          20,800  

d. 2024       $ 8,4000              33,600                        12,400

e. 2025       $ 8,4000             42000                        4000

2. Straight Line Rate= 100%/ useful Life= 100%/5 = 20%

Double Declining Method = 2 * Straight Line Rate

Double Declining Method = 2 * Straight Line Rate= 2*20%= 40%

In double declining method the rate is multiplied to the cost to get the depreciation expense. 40 % of $ 46000= $ 18400

Each year the rate is multiplied with the remaining book value after deducting the depreciation expense from the cost as $ 46000- $ 18400= $ 27600

Next years depreciation will be $ 27600 * 40%= $ 11040.

This will be added in the original depreciation expense $ 18400 + $ 11040 = $ 29440 and deducted from cost to get the book value. $ 46,000- $ 29440 = $ 16560.

Again rate will be multiplied and each years depreciation will be calculated similarly.

It has been summarized in the table below.

Years       Dep Rate      Dep Expense       Accu. Dep.     Book Value

a. 2021        40%           18400                   18400               27600

b. 2022       40%           11040                     29440               16560

c. 2023       40%             6624                     36064               9936

d. 2024       40%             3974.4                  40,038.4         5961.6

e. 2025       40%            2384.64                   42,0423.4     3576.96

3. Depreciation per unit= (Cost -Salvage value) / Total units of production* Units of Production

Years       Mileage      Depreciation                    Depreciation

a. 2021      35,000     ($ 42000/165000)*35000        8909.09

b. 2022     37,000      ($ 42000/165000)*37000       9418.18

c. 2023      28,000     ($ 42000/165000)*28000        7127.27

d. 2024      33,000      ($ 42000/165000)*33000        8400

e. 2025      34,000    ($ 42000/165000)*34000         8654.54

7 0
3 years ago
On January 1, 2017, Whitefeather Industries issued 300, $1,000 face value bonds. The bonds have a five-year life and pay interes
Ludmilka [50]

Answer:

$15000

Explanation:

All types of bonds have some common characteristics which include;

- A face/par value

- A coupon rate (interest rate).

- Either redeemable/irredeemable or convertible.

The face value of one bond is $1000 so the total value of 300 bonds would be $300,000 (300×$1000). In this example these are redeemable bonds which means Whitefeather Industries would be liable to payback the capital amount of bonds after five years (maturity date).

The coupon rate (i.e interest) is charged on Par value. So the Interest can be calculated as $300,000×10% = $30,000 per year.

In this question interest is payable semi-annually, therefore The amount of interest that occurs on December 31, 2017 is $15000 (For the last six months - July 1st till Dec 31st; $30000×6÷12).

4 0
3 years ago
The Securities Exchange Act of 1934 limits, but does not prohibit, corporate insiders from trading in their own firm's shares. W
liberstina [14]

Answer and Explanation:

The ethical issues that occurs in the case when a corporate insider wants to purchase or sells in the firm where an individual works are as follows:

1. The information could be misuse

2. It would become unfair for the investors

3. The trust could be broke also it would create the discrimination with the other investors

4. The insider trading lowers the size of the market that ultimately decrease the volatility of the market

4 0
3 years ago
Suppose on august 27, there were 1,455 stocks that advanced on the nyse and 1,553 that declined. the volume in advancing issues
butalik [34]

Answer:

trim ratio = 1.15  and bearish

Explanation:

given data

stock = 1,455

decline = 1,553

volume in advancing issues = 852581

volume in declining issues = 1,058312

solution

we get here the trim ration is express here as

trim ratio = (stock ÷ decline)  ÷ ( advancing issues ÷ declining issues )   ...............................1

put here value and we get trim ratio

trim ratio =  \frac{\frac{1455}{1553} }{\frac{852581}{1058312} }    

solve it we get '

trim ratio = 1.15

and here we see trim is greater than 1 so

it is  bearish

4 0
3 years ago
A house is for sale for $250,000. You have a choice of two 20-year mortgage loans with monthly payments: (1) if you make a down
Alex73 [517]

Answer:

The effective annual rate of interest on the additional $25,000 borrowed on the first loan is 12.95%

Explanation:

the loan amount is $250,000 and the period is 20 years.

1.

down payment of $50,000 and the interest rate is 6% per annum

the loan amount = $250,000 - $50,000

                            = $200,000

period = 20*12

           = 240 months

rate = 5%/12

       = 0.4167% per month

monthly payment = $1,319.91

difference between the payments in 1 and in 2 = 1611.97 - 1319.91

                                                                               = $292.06

additional down payment is $25,000

2.

down payment of $25,000 and the interest rate is 6% per annum

the loan amount = $250,000 - $25,000

                            = $225,000

period = 20*12

           = 240 months

rate = 6%/12

       = 0.5% per month

monthly payment = $1,611.97

difference between the payments in 1 and in 2 = 1611.97 - 1319.91

                                                                               = $292.06

additional down payment is $25,000

the effective annual rate = [(292.06/25000)*12]*100

                                         = 12.95%

Therefore, The effective annual rate of interest on the additional $25,000 borrowed on the first loan is 12.95%

8 0
3 years ago
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