Answer:
85.71%
Explanation:
The computation of the utilization rate is shown below:
Utilization rate = (Actual output ÷ Desired output) × 100
where,
Actual output = 6,000 hammers
Desired output = 7,000 hammers
So, the utilization rate is
= (6,000 hammers ÷ 7,000 hammers) × 100
= 85.71%
By dividing the actual output by the desired output we can get the utilization rate
How much consumers would be willing to pay for a new product
Answer:
Using the units-of-production method, the amount of depreciation expense would the company report in the income statement prepared for the year-ended October 31, 2018 = $ 228899
Explanation:
Given
Acquisition Cost of Equipment = $ 517,000+ $ 16700= $ 533,700
Total units of production= 29,700 hours
Residual Value = $ 6700
Units of Production= 12,900 hours
Formula:
Depreciation per unit= (Cost -Salvage value) / Total units of production* Units of Production
Depreciation per unit= ($ 533,700 - 6700/ 29700)*12900
Depreciation per unit=($ 52,7000 / 29700)*12900
Depreciation per unit=( 17.744)*12900
Depreciation per unit= 228898.98= $ 228899
As units of production are given we do not need to calculate it for half year. The depreciation is calculated for units of production.
The information described above is a Market Survey/Research. A market survey is research included in a business plan that must be carried out prior to starting a business.
<h3>What is a
business plan?</h3>
A business plan is a document that outlines the results of a person's market research and must contain the following:
- Sales plans
- Market Strategy
- Financial Strategies
- Risk Management plans etc.
Learn more about business plans at:
brainly.com/question/25311149
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