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Akimi4 [234]
3 years ago
15

A truck costs $ 306 comma 000 and is expected to be driven 111 comma 000 miles during its fiveminusyear life. Residual value is

expected to be zero. If the truck is driven 29 comma 000 miles during the first​ year, how much depreciation should the business record under the unitsminusofminusproduction ​method? (Round any intermediate calculations to two decimal​ places, and your final answer to the nearest​ dollar.)
Business
1 answer:
natima [27]3 years ago
5 0

Answer:

=$80,620

Explanation:

Under the unit of the production method, the cost of the asset is divided by its expected production level to determine the depreciation per unit.

For this truck, depreciation per unit

=$306,000 / 111,000 miles

=$2.78181 per mile

=$2.78 per mile

If the track is driven for $29,000 miles

The depreciation amount will be

=$2.78 x 29,000

=$80,620

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The standards for product V28 call for 8.6 pounds of raw material that costs $19.00 per pound. Last month, 2,600 pounds of the r
aliina [53]

Answer:

A. $520 U

B.178 F

Explanation:

A.

Materials price variance = (AQ × AP) – (AQ × SP)

= $48,880 – (2,600 × $19)

=$48,880-$49,400

= $520 U

Therefore the material price variance for the month is $520U

B.

Materials quantity variance = SP(AQ – SQ*)=

$19 ($2,500 – $2,322) = $178F

Therefore the materials quantity variance for the month $178F

SQ = Standard quantity per unit × Actual output

= 8.6 × 270 = $2,322

7 0
3 years ago
President Bigego is running for re-election against Senator Pander. Bigego proclaims that more people are working now than when
maks197457 [2]

Answer:

d. both of them could be telling the truth if the labor force grew faster than employment

Explanation:

The president claims that more people are working, this is a nominal approach, if 5000 people were working at the beginning of his term and now, which is ending it has 5001 people working his statement will be true.

The senator makes a more economic approach, while there are more people employement, we must remember than the labor force grows each day, as more kids finish their studies and jump right into the search of jobs.

So, both statement can be true, example

at beginning

600/6,000 = 10& unemployement

6,000 labor force - 600 unemployee = 5,400 working

leaving the office:

1,100/10,000 = 11% unemployement

10,000 labor force - 1,100 unemployee = 8,900 working

UNder this scenario, both are true.

7 0
3 years ago
Im 19 year old and i am a driver can i carry passengers in my car. I live in California
Viefleur [7K]
Yes you can. The hand book says a minor and minors are under 18. I hope I helped you.
5 0
4 years ago
The financial statement that reports the changes in the retained earnings and common stock for a period of time is known as the.
Tamiku [17]

The statement of owner's equity—also called the statement of retained earnings—shows the change in retained earnings between the start and end of a period (e.g., a month or a year). The record reflects a company's solvency and financial position.

<h3>What are the three financial statements?</h3>

The earnings report , record , and statement of money flows are required financial statements. These three statements are informative tools that traders can use to research a company's financial strength and provide a quick picture of a company's financial health and underlying value.

What is the statement of retained earnings ?

Reports the way that net and the distribution of dividends affected the financial position of the company during the accounting period. the sum of the share of net income which is not paid to the shareholder as dividend. the aim of the retained earnings is reinvestment

Learn more about financial statement:

brainly.com/question/26240841

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8 0
1 year ago
In order to accurately assess the capital structure of a firm, it is necessary to convert its balance sheet figures to a market
vampirchik [111]

Answer:

$5,412,000

Explanation:

The semi annual interest = $20

Periods (n) till maturity are 10*2 = 20

Discounting rate is 12%/2 = 6%

Principal amount is $1,000

Market Value = 20 * PVIFA (20,6%) + 1,000 * PVIF (20,6%)

Market Value = 20 * 11.4699 + 1,000 * 0.3118

Market Value = 229.398 + 311.8

Market Value = 541.198

Market value = $541.20

Number of bonds = 10,000,000/1,000

Number of bonds = 10,000

Current market value = Number of bonds * Market value

Current market value = 10,000 * 541.20

Current market value = $5,412,000

8 0
3 years ago
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