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-Dominant- [34]
3 years ago
14

Darcy Roofing is faced with a decision. The company relies very heavily on the use of its 60-foot extension lift for work on lar

ge homes and commercial properties. Last year, Darcy Roofing spent $71,400 refurbishing the lift. It has just determined that another $37,000 of repair work is required. Alternatively, it has found a newer used lift that is for sale for $156,500. The company estimates that both lifts would have useful lives of 6 years. The new lift is more efficient and thus would reduce operating expenses by about $23,800 per year. Darcy Roofing could also rent out the new lift for about $9,000 per year. The old lift is not suitable for rental. The old lift could currently be sold for $23,000 if the new lift is purchased.
Prepare an incremental analysis for the life of the machines showing whether the company should replace the equipment. (In the first two columns, enter costs and expenses as positive amounts, and any amounts received as negative amounts. In the third column, enter net income increases as positive amounts and decreases as negative amounts. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
Retain
Equipment Replace
Equipment Net Income
Increase (Decrease)
Operating expenses $
Business
1 answer:
BabaBlast [244]3 years ago
4 0

Answer: The extension lift should b bought as it incurs a lesser cost during the 6 years period.

Explanation:

If lift is retained:

Operating expense = 23800 × 6 = 142800

Repair cost = 37000

Total cost = 142800 + 37000 = 179800

If lift is purchased:

Rental revenue if earned = 9000 × 6 = 54000

New machine cost = 156500

Sale of old machine = 23000

Check explanation for attachment

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List and briefly describe (in order) the six steps required to store a record properly.
olga2289 [7]
<span>1. Find a good spot to store your records--neither too cool, too hot, or exposed to direct light / water. 2. Make use of the original sleeves. 3. Make your own sleeve out of wax / butcher paper if the original is inaccessible. 4. Intersperse records with rigid cardboard inserts to keep from accidental bending. 5. Keep records tightly compacted to avoid wiggle room / slippage. 6. Return to sleeve immediately after use, and have fun!</span>
8 0
3 years ago
Which capability of digital dashboards enables users to have reports that highlight deviations larger than certain thresholds?
vitfil [10]

Answer:

Exception reporting

Explanation:

Which capability of digital dashboards enables users to have reports that highlight deviations larger than certain thresholds?

Drill down

Key performance indicators

Status access

Trend analysis

Exception reporting

Dashboard reporting is a process used to represent key performance indicators and relevant business data in a visual and interactive way and Exception reporting is a method of data analysis that compares an incoming stream of data to an established base set of data and flags items that don't quite match i.e,those instances in which actual performance deviated significantly from expectations and it enables users to have reports that highlight deviations larger than certain thresholds.

3 0
3 years ago
Larkspur Co. had cost of goods sold of $3,100. If beginning inventory was $3,200 and ending inventory was $1.050. Larkspur's pur
AleksandrR [38]

Answer:

cost of goods purchased= $950

Explanation:

Giving the following information:

Larkspur Co. had cost of goods sold of $3,100.

Beginning inventory was $3,200

Ending inventory was $1,050

<u>To calculate the purchases, we need to use the following formula:</u>

COGS= beginning finished inventory + cost of goods purchased - ending finished inventory

3,100 = 3,200 + cost of goods purchased - 1,050

cost of goods purchased= 950

5 0
4 years ago
Merger Co. has 10 employees, each of whom earns $1,700 per month and has been employed since January 1. FICA Social Security tax
andriy [413]

Answer:

Date            Description                                         Debit                    Credit

March, 31     Payroll Tax expense                       $‭2,320.5‬0

                    FICA Social Security taxes                                             $1,054

                    FICA Medicare taxes                                                      $ 246.50

                    FUTA taxes                                                                      $ 102

                    SUTA taxes                                                                      $ 918

<u>Working </u>

FICA Social Security taxes = 1,700 * 10 * 6.2% = $‭1,054‬

FICA Medicare taxes = 1,700 * 10 * 1.45% = $‭246.5‬0

FUTA Taxes = 1,700 * 10 * 0.6% = $‭102‬

SUTA Taxes = 1,700 * 10 * 5.4% = $‭918‬

Payroll Tax expense = 1,054 + 246.50 + 102 + 918 = $‭2,320.5‬0

7 0
3 years ago
4. Problems and Applications Q4 For each of the following statements, indicate which argument for restricting trade is being uti
harkovskaia [24]

Answer:

Statements      Arguments

A                      The Infant-Industry Argument

B                      The Protection-as-a-Bargaining-Chip Argument

C                      The Jobs Argument

D                      The Unfair-Competition Argument

Explanation:

The Jobs Argument:  Domestic jobs need to be protected for the good of the national economy, according to this argument.

The National-Security Argument: Some products and services are, by their nature, issues reserved under national security.  To expose the internal security systems of a nation may have untold consequences.

The Infant-Industry Argument: Nascent industries require domestic protection from foreign competitors if they must grow to competitive levels.

The Unfair-Competition Argument: This is more pronounced in developing countries without the manufacturing facilities to compete fairly with developed economies.

The Protection-as-a Bargaining-Chip Argument is argues that trade restrictions may be imposed to force other countries to reverse or remove trade restrictions.

4 0
3 years ago
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