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iris [78.8K]
3 years ago
9

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:
Debora [2.8K]3 years ago
6 0

Answer:

Depreciable cost per mile= $0.37

Explanation:

Giving the following information:

Purchase price= $38,800

Salvage value= $1,800

Expected to be driven 100,000 miles over its estimated useful life.

<u>To calculate the depreciable cost per mile, we need to use the following formula:</u>

Depreciable cost per mile= (original cost - salvage value)/useful life of production in miles

Depreciable cost per mile= (38,800 - 1,800)/100,000

Depreciable cost per mile= $0.37

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On June 15, Oakley Inc. sells inventory on account to Sunglass Hut (SH) for $4,500, terms 4/10, n/30. On June 20, SH returns to
Georgia [21]

Answer: $3360

Explanation:

Based on the information given in the question, the amount of cash paid by SH to Oakley will be calculated as thus:

SH will be entitled to a discount of 4% since the payment was made within the discount period, therefore, the discount that is applicable will be:

= $4500 - $1000

= $3,500

Therefore, the amount of cash payment that is made by SH to Oakley will be:

= $3,500 - (4% × $3,500)

= $3500 - (0.04 × $3500)

= $3500 - $140

= $3360

Therefore, the amount of cash paid by SH to Oakley is $3360.

7 0
3 years ago
The investment most affected by local conditions is:
Tems11 [23]

Savings accounts . . .
     interest rates are most determined by the state of
         the national economy.

Mutual funds . . .
Treasury bills . . .
     traded on nationwide exchanges; prices and returns
        are pretty uniform nationwide.

Real estate . . .
     rests directly on local conditions in each city, and sometimes even in
        different parts of the same city;
     affected by things like local unemployment, local bad weather,
        local price of gas, local tourism, local special events, etc.

4 0
3 years ago
Read 2 more answers
Springfield mogul Montgomery Burns, age 80, wants to retire at age 100 so he can steal candy from babies full time. Once Mr. Bur
masha68 [24]

Answer:

Springfield mogul, Montgomery Burns

How large of an annual deposit must be made to fund Mr. Burns retirement plans:

= $94,644,751.67

Explanation:

a) Data and Calculations:

Age of Mr. Burns now = 80 years

Retirement age = 100 years

Annual withdrawal at the beginning of each year for 10 years = $500 million

Special offshore account pays interest = 18% annually

Investment for funding retirement:

Deposits = 20 equal end-of-the year deposits in the same special offshore account above.

b) Calculation of Future value of annual deposit after 20 years:

FV (Future Value) $13,877,572,093.01

PV (Present Value) $2,651,510,914.01

N (Number of Periods) 10.000

I/Y (Interest Rate) 18.000%

PMT (Periodic Payment) $500,000,000.00

Starting Investment $0.00

Total Principal $5,000,000,000.00

Total Interest $8,877,572,093.01

c) Calculation of Annual Deposit to reach the future value target of $13,833,567,810.87:

FV (Future Value) $13,877,567,810.87

PV (Present Value) $506,609,362.98

N (Number of Periods) 20.000

I/Y (Interest Rate) 18.000%

PMT (Periodic Payment) $94,644,751.67

Starting Investment $0.00

Total Principal $1,892,895,033.42

Total Interest $11,984,672,777.45

d) Mr. Burns will need to contribute $94,644,751.67 at the end of each period to reach the future value of $13,877,572,093.01.  Both the future value of deposits of $13,877,567,810.87  and the annual periodic payment of $94,644,751.67  are determined using online financial calculator.

4 0
3 years ago
If a monopolist is producing a quantity where marginal revenue is equal to $32 and the marginal cost is equal to $30, the monopo
MatroZZZ [7]

If a monopolist is producing a quantity where marginal revenue is equal to $32 and the marginal cost is equal to $30, the monopolist should increase production and lower the price to maximize profits decrease production and increase the price to maximize profits.

<h3>Who is a monopolist?</h3>

monopolist serves as the entity that dominates a particular market in term of production, he is the one that has the highest control of the market and make the most profits.

It should be noted that If a monopolist is producing a quantity where marginal revenue is equal to $32 and the marginal cost is equal to $30, the monopolist should increase production and lower the price to maximize profits decrease production .

Learn more about monopolist on:

brainly.com/question/13113415

#SPJ1

7 0
2 years ago
when the act curve is decreasing, we know that the mc curve is, and when the atc curve is increasing, we know that mc is
yuradex [85]

Answer:

When  ATC curve is​ decreasing, we know that the MC curve is

below the ATC curve​, and when the ATC curve is​ increasing, we know that MC is  above the ATC curve

Explanation:

ATC refers to average total cost and MC refers to marginal cost, these both curve derive from total cost when MC is below ATC curve it shows that MC is less than ATC at that point ATC is falling.

Likewise, when MC is above ATC curve it shows MC is grater than ATC curve and at that point ATC is rising.

furthermore, when MC is equal to ATC at that point ATC is at minimum point.

7 0
3 years ago
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