1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nirvana33 [79]
3 years ago
7

Gardner Corporation purchased a truck at the beginning of 2012 for $90,000. The truck is estimated to have a salvage value of $3

,600 and a useful life of 120,000 miles.
It was driven 18,000 miles in 2012 and 32,000 miles in 2013.

What is the depreciation expense for 2012?

a. $13,500b. $12,960c. $21,600d. $36,000
Business
1 answer:
Alex Ar [27]3 years ago
4 0

Answer:

Option (b) $12,960

Explanation:

Data provided in the question:

Cost = $90,000

Salvage value = $3,600

Useful life = 120,000 miles

Number of miles driven in 2012 = 18,000

Number of miles driven in 2013 = 32,000

Now,

Using the straight line method of depreciation

Rate of annual depreciation = [ Cost - Salvage value ] ÷ Useful life

= [ $90,000 - $3,600 ] ÷ 120,000

= $0.72 per mile

Therefore,

The depreciation expense for 2012

= Rate of annual depreciation × Number of miles driven in 2012

= $0.72 per mile × 18,000

= $12,960

Hence,

Option (b) $12,960

You might be interested in
When quantifying country risk:
Simora [160]

Answer:

The correct answer is b.weights should be assigned to the political and financial factors according to their perceived importance.

Explanation:

The determination of risk certifications that are taken into account for investment in a country, takes into account fundamental factors that ensure a sustained and less restrictive operation over time, which is directly related to the decisions made by politicians and banks already which are the sectors directly involved in an investment decision. Other important factors are usually located in citizen security, access to ports and airports, etc.

6 0
3 years ago
You just sold a futures contract on €. Each contract is for €125,000 and the price you sold for the € is $1.20 for each €. What
Yuliya22 [10]

Answer:

The profit is $12,500

Explanation:

The profit on the contract can be computed using the formula below:

profit/loss on the contract=(forward price-spot rate)*volume of currency sold

forward price is 1 euro to $1.20

spot price     1 euro to  $1.10

volume of currency sold is Euros 125,000

profit/loss on the contract=($1.20-$1.10)*125,000

                                             =$12,500

Invariably the trader sold each US dollar $0.10 more than the spot rate ($1.20-$1.10),when that is multiplied the volume of Euros sold,it gives $12,500 in profit.

This implies that the buyer could have bought the currency cheaper on contract date

3 0
3 years ago
The Beef-up ranch feeds cattle for midwestern farmers and delivers them to processing plants in Topeka,Kansas and Tulsa, Oklahom
AfilCa [17]

Answer:

a. Min Z = 2x₁ + 2.50x₂ + 3x₃

Subject to constraints :

3x₁ + 2x₂ + 4x₃ ≤ 128           .......(1)

3x₁ + x₂ + 3x₃ ≤ 160             ........(2)

x₁ + 0x₂ + 2x₃ ≤ 32              .........(3)

6x₁ + 8x₂ + 4x₃ ≤ 256          .........(4)

3x₁ + 2x₂ + 4x₃ ≥ 64            ..........(5)

3x₁ + x₂ + 3x₃ ≥ 80              ..........(6)

x₁ + 0x₂ + 2x₃ ≥ 16              ...........(7)

6x₁ + 8x₂ + 4x₃ ≥ 128         ............(8)

x₁ ≤ 15                                 ...........(9)

x₂≤ 15                                  ...........(10)

x₃ ≤ 15                                 ...........(11)

x₁ , x₂, x₃ ≥ 0

b. x₁ = 15 ,  x₂ = 9.5 , x₃ = 8.5

c. The optimal solution is Z = 79.25

Explanation:

Given - The table is as follows :

  • Nutrient           Feed 1                    Feed 2                      Feed 3
  •    A                      3                              2                                4
  •    B                      3                               1                                 3
  •    C                      1                                0                                2
  •    D                      6                               8                                4

The minimum requirement per cow each month is 4 pounds of nutrient A, 5 pounds of nutrient B, 1 pound of nutrient C, and 8 pounds of nutrient D. However, cows should not be fed more than twice the minimum requirement for any nutrient each month. Additionally, the ranch can only obtain 1,500 pounds of each type of feed each month. Because there are usually 100 cows at the beef-up ranch at any given time, this means that no more than 15 pounds of each type of feed can be used per cow each month.

To find - a. Formulate a linear programming problem to determine how  

                  much of each type of feed a cow should be fed each month.

              b. Create a spreadsheet model for this problem, and solve it using

                   Solver.

              c. What is the optimal solution?

Proof -

a.

Let feed 1 per cow per month = x₁

     feed 2 per cow per month = x₂

     feed 3 per cow per month = x₃

Now,

As given, The cost per pound of feeds 1,2, and 3 are $2.00, $2.50, and $3.00, respectively.

So, we have to minimize the cost , Z = 2x₁ + 2.50x₂ + 3x₃

Subject to constraints :

3x₁ + 2x₂ + 4x₃ ≤ 4(32)

3x₁ + x₂ + 3x₃ ≤ 5(32)

x₁ + 0x₂ + 2x₃ ≤ 1(32)

6x₁ + 8x₂ + 4x₃ ≤ 8(32)

∴ we get

Min Z = 2x₁ + 2.50x₂ + 3x₃

Subject to constraints :

3x₁ + 2x₂ + 4x₃ ≤ 128           .......(1)

3x₁ + x₂ + 3x₃ ≤ 160             ........(2)

x₁ + 0x₂ + 2x₃ ≤ 32              .........(3)

6x₁ + 8x₂ + 4x₃ ≤ 256          .........(4)

Now, as given

However, cows should not be fed more than twice the minimum requirement for any nutrient each month.

∴ we have

3x₁ + 2x₂ + 4x₃ ≥ \frac{128}{2}

3x₁ + x₂ + 3x₃ ≥ \frac{160}{2}

x₁ + 0x₂ + 2x₃ ≥ \frac{32}{2}

6x₁ + 8x₂ + 4x₃ ≥ \frac{256}{2}

and also

No more than 15 pounds of each type of feed can be used per cow each month.

⇒x₁ , x₂, x₃ ≤ 15

So,

The LPP model becomes

Min Z = 2x₁ + 2.50x₂ + 3x₃

Subject to constraints :

3x₁ + 2x₂ + 4x₃ ≤ 128           .......(1)

3x₁ + x₂ + 3x₃ ≤ 160             ........(2)

x₁ + 0x₂ + 2x₃ ≤ 32              .........(3)

6x₁ + 8x₂ + 4x₃ ≤ 256          .........(4)

3x₁ + 2x₂ + 4x₃ ≥ 64            ..........(5)

3x₁ + x₂ + 3x₃ ≥ 80              ..........(6)

x₁ + 0x₂ + 2x₃ ≥ 16              ...........(7)

6x₁ + 8x₂ + 4x₃ ≥ 128         ............(8)

x₁ ≤ 15                                 ...........(9)

x₂≤ 15                                  ...........(10)

x₃ ≤ 15                                 ...........(11)

x₁ , x₂, x₃ ≥ 0

b.)

We use simplex method calculator  to solve this LPP Problem

we get

x₁ = 15 ,  x₂ = 9.5 , x₃ = 8.5

c.)

The optimal solution is Z = 79.25

4 0
3 years ago
Entrepreneurs emphasize the importance of believing in your own ideas because in the process of developing those ideas you are l
Sveta_85 [38]

Answer:

B. Self-directed and self-nurturing.

Explanation:

Self-directed means directed or guided without anyone else, particularly as an autonomous agent.

Self-nurturing is taking care of yourself. Numerous individuals put themselves at the base of their own rundown of needs. The outcome is burnout, fatigue and hatred. Self-nurturing doesn't need to be troublesome or excessively time-consuming.

5 0
4 years ago
Burger King restaurants have reached maturity. They are located throughout the United States and have been successful for many y
My name is Ann [436]

Answer:

be bought out by McDonald's

Explanation:

Among the three answer choices listed, the least likely to occur for Burger King is to be bought out by McDonald's. This is because of the large scale of that purchase, the fact that Burger King, while a direct competitor of McDonald's, is further behind, and beginning to decline, and also because the two businesses may not be compatible under a joint operation.

3 0
3 years ago
Other questions:
  • to startup a small part time business assume your only cost are paying $100 for equipment and paying each employee you hire $ 20
    11·1 answer
  • Firm XYZ produces and sells corn in a perfectly competitive market and hires its workers in a perfectly competitive labor market
    10·1 answer
  • Consider the relationship between the AE curve and the AD curve. A rise in the amount of desired​ consumption, investment, gover
    5·1 answer
  • Gideon Company uses the direct write-off method of accounting for uncollectible accounts. On May 3, the Gideon Company wrote off
    15·1 answer
  • Columbia Products produced and sold 900 units of the company's only product in March. You have collected the following informati
    5·1 answer
  • Most canadian businesses have more than five employees? True or false
    11·1 answer
  • The race to the bottom scenario of global environmental degradation is explained roughly like this: a. Companies seek to reduce
    10·1 answer
  • A mother notices that when she divides brownies equally between her two children and gives each child her share on a separate pl
    8·2 answers
  • How can you price your product or service at its worth or even more? You can price your product or service at its worth or even
    12·2 answers
  • What is Endorsement?​
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!