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marshall27 [118]
3 years ago
9

A machine that cost $644,000 has an estimated residual value of $28,000 and an estimated useful life of 28,000 machine hours. Th

e company uses units-of-production depreciation and ran the machine 8,000 hours in year 1, 10,000 hours in year 2, and 7,000 hours in year 3. Calculate its book value at the end of year 3.
Business
1 answer:
Alex Ar [27]3 years ago
6 0

Answer:

94,000

Explanation:

Activity method based on output = (output produced that year / total output of the machine) x (Cost of asset - Salvage value)

( $644,000 - $28,000) / 28,000 = 22

1 = 22 x 8000 =   176,000

2= 22 x 10,000 =  220,000

3 22 x 7000 = 154,000

Book value = cost of asset - accumulated depreciation

$644,000 - (176,00 + 220,000 + 154,000)  

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Answer:

The answer is b) rise in price to target desperate last minute buyers.

Explanation:

Last minute buyers would buy the tickets despite the increase in price. Revenue is likely to be maximized from the premium in the tickets' price.

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What are sales taxes used on?
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Sales taxes are used on the military.
5 0
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Luba_88 [7]

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corporation

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8 0
3 years ago
Sandhill Company reports the following operating results for the month of August: sales $382,500 (units 5,100), variable costs $
Vesnalui [34]

Answer:

Results are below.

Explanation:

Giving the following information:

Sales $382,500 (units 5,100 $75 per unit)

variable costs $245,000 (48.04 per unit)

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Option 1:

Increase selling price by 16%.

New selling price= 75*1.16= 87

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variable costs= (245,000)

fixed costs= (98,000)

Net income= 100,700

2. Reduce variable costs to 59% of sales.

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fixed costs= (98,000)

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3 0
3 years ago
a. If the interest rate on Treasury bills is 5% and the expected return on the market portfolio is 15%, what is the expected ret
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Answer: 2%

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7 0
3 years ago
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