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elixir [45]
3 years ago
14

Whispering Winds Corp. purchased a delivery truck for $34,000 on January 1, 2022. The truck has an expected salvage value of $5,

000, and is expected to be driven 100,000 miles over its estimated useful life of 8 years. Actual miles driven were 16,100 in 2022 and 11,700 in 2023.
Business
1 answer:
Wittaler [7]3 years ago
3 0

Answer: $0.29 per mile

Explanation:

Truck is to be driven for 100,000 miles.

It has a cost of $34,000 and a salvage value of $5,000.

Useful life is 8 years.

Depreciable cost per mile under units-of-activity method = (Cost price - Salvage value) / Miles to be driven

= (34,000 - 5,000) / 100,000

= $0.29 per mile

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rusak2 [61]

Answer:

Why should we simplify expressions in algebra Using race?

Learning how to simplify an expression is the most important step in understanding and mastering algebra. Simplification of expressions is a handy mathematics skill because it allows us to change complex or awkward expressions into simpler and compact forms.

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4 0
3 years ago
Read 2 more answers
Mike started a calendar year business on September 1st of this year by paying 12 months rent on his shop at $1,000 per month. Wh
solong [7]

Answer:

C. $12,000 under the cash method and $4,000 under the accrual method

Explanation:

Under the cash basis of accounting, whenever an amount is received or paid, it is recognized in the books of accounts

Whereas, on the accrual basis of accounting, the cash received / payment or not it is recognized in the books of accounts. It is recorded when it is earned not when it is received or paid.  

So, by this above information

The cash method would recognize $12,000 ($1,000 × 12 months)

Whereas

The accrual method would recognize $4,000 ($1,000 × 4 months)

We assume the books are closed on December, 31

8 0
3 years ago
Hester's manufacturing software company is doing better than it ever has and just a year ago it was floundering. Prior to a year
nydimaria [60]

Permanent team structure was Hester now a part of under the new ownership.

Explanation:

Team structure relates to the makeup of a single team or a multi-team program. The organisation of teams is an important component of teamwork. The successful collaboration, teamwork, behavioural management and collective aid are the product of a correctly organised patient care team.

Permanent teams are workplace units structured like a formal organisation. The team brings together staff from all fields of work, such as the components supply and logistics for an automotive plant, concentrated on a particular task or project.

3 0
4 years ago
Assume Intel Corporation (INTC) and Texas Instruments (TXN) report the following information. Intel Corp Texas Instruments ($ mi
VLD [36.1K]

Answer:

2015 FAT= 4,168323393

2016 FAT= 3,87219893

Explanation:

2015 2016

sales plant 34209 38826

propierty 15768 17111

net sales  12580 13392

propierty net 3018 3899

 

​FAT=Net Sales​/Average Fixed Assets  

 

2015 FAT=12580/3018  

2018 FAT=13392/(3899-3018)  

 

2015 FAT= 4,168323393

2016 FAT= 3,87219893

7 0
3 years ago
Tara invests $2,500 today and another $1,500 a year from now. Her investments starting year 2 keeps increasing by $100 every yea
Neko [114]

Answer:

$61,175

Explanation:

Base on the scenario been described in the question, we expected to solve for the future worth

The table of the cash flow is shows in the picture

We can find that by calculating the Future worth

Future Worth = {2,500 + 1,500(P/A 7%,10) 100 + (P/G 7%,10) } [F/P 7%, 20]

Future worth = { 2,500 + 1500(7.024) + 100(27.716)}

Future worth = $61,175

6 0
3 years ago
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