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AleksAgata [21]
3 years ago
10

Blossom Company purchased a new machine on October 1, 2017, at a cost of $66,000. The company estimated that the machine has a s

alvage value of $5,700. The machine is expected to be used for 70,000 working hours during its 6-year life. Compute the depreciation expense under the straight-line method for 2017 and 2018, assuming a December 31 year-end. (Round answers to 0 decimal places, e.g. 5,275.)
Business
1 answer:
Ugo [173]3 years ago
8 0

Answer:

Results are below.

Explanation:

Giving the following information:

Purchase price= $66,000

Salvage value= $5,700

Useful life= 6

F<u>irst, we need to calculate the annual depreciation using the following formula:</u>

<u></u>

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (66,000 - 5,700) / 6= 10,050

<u>2017:</u>

Annual depreciation= (10,050/12)*3= $2,512.5

<u>2018:</u>

Annual depreciation= $10,050

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Answer:

% in T bills = 18.92%, % in P = 81.08%

Explanation:

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Return of portfolio P = 0.14*0.6 + 0.10*0.4

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Let % money in T bills be x

0.11 = 0.05*x + 0.124*(1-x)

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Hence, % in T bills = 18.92%, % in P = 81.08%

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3 years ago
Identify and discuss the “needs” of a society.
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Each machine must be run by one of 19 cross-trained workers who are each available 35 hours per week. The plant has 10 type 1 ma
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Answer:

The Linear programming model is given as below

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Constraints:

2X+2Y+Z\leq 400

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Explanation:

As the question is not complete, the complete question is found online and is attached herewith.

Let the number of product 1 to be produced is X, that of product 2 is Y and product 3 is Z

so  the maximizing function is the profit function which is given as

P=90X+120Y+150Z

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2X+2Y+Z\leq 400

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3X+4Y+6Z\leq 240

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4X+6Y+5Z\leq 320

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\dfrac{2X+2Y+Z}{40}\leq 10

Now as the machine 2 is used as 3X+4Y+6Z in a week and the week is of 40 hours so the number of machines to be used are given as

\dfrac{3X+4Y+6Z}{40}\leq 6

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\dfrac{4X+6Y+5Z}{40}\leq 8

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\dfrac{2X+2Y+Z}{35}

That of machine 2 is given as

\dfrac{3X+4Y+6Z}{35}

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\dfrac{4X+6Y+5Z}{35}

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\dfrac{2X+2Y+Z}{35}+\dfrac{3X+4Y+6Z}{35}+\dfrac{4X+6Y+5Z}{35}\leq 19

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Profit Function: P=90X+120Y+150Z

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2X+2Y+Z\leq 400

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4X+6Y+5Z\leq 320

\dfrac{2X+2Y+Z}{40}\leq 10

\dfrac{3X+4Y+6Z}{40}\leq 6

\dfrac{4X+6Y+5Z}{40}\leq 8

\dfrac{2X+2Y+Z}{35}+\dfrac{3X+4Y+6Z}{35}+\dfrac{4X+6Y+5Z}{35}\leq 19

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Answer:

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Answer:

Total= $19.56

Explanation:

Giving the following information:

The basic direct labor rate is $12.00 per hour. Payroll taxes are 13% of the basic direct labor rate, while fringe benefits such as vacation and health care insurance, are $6.00 per hour.

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Fringe benefits= 6

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