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PIT_PIT [208]
3 years ago
7

A truck acquired at a cost of $285,000 has an estimated residual value of $14,100, has an estimated useful life of 43,000 miles,

and was driven 3,900 miles during the year. Determine the following. If required, round your answer for the depreciation rate to two decimal places. (a) The depreciable cost $fill in the blank 1 (b) The depreciation rate $fill in the blank 2 per mile (c) The units-of-activity depreciation for the year
Business
1 answer:
777dan777 [17]3 years ago
8 0

Answer:

a. $270,900

b. $6.30

c. $24,570

Explanation:

(a) The depreciable cost = $270,900

(b) The depreciation rate = $6.30

(c) The units-of-activity depreciation for the year =- $24,570

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Moerdyk Corporation's bonds have a 15-year maturity, a 7.25% annual coupon rate, and a par value of $1,000. The discount rate is
azamat

Answer:

$977.93

Explanation:

This is a coupon paying bond. Using a financial calculator, input the following;

Time to maturity; N = 15

Coupon payment; PMT = 7.25% *1000 = 72.5

Face Value; FV = 1,000

Annual interest rate; I/Y = 7.5%

then compute the price of the bond, a.k.a present value; CPT PV = 977.93

Therefore, the price of the bond today is $977.93

7 0
3 years ago
Choose all that apply. Select all the responsibilities of consumers. Gather information about products and services before makin
jolli1 [7]

Answer:

Stay informed about products that you buy to be aware of product recalls.

Gather information about products and services before making a purchase to be aware of price, quality, and the product specifications.

Read instructions on products and use them as intended.

Take action and report faulty products, fraudulent activity, and any other violation of consumer rights.

Consider the impact of your purchases on others and choose products that do not harm the environment.

Insist on compensation if you are not satisfied with your purchase.

8 0
3 years ago
Given: Cost of goods manufactured of $410,000; beginning finished goods inventory of $110,000 and ending finished goods inventor
Dafna1 [17]

The unadjusted cost of goods sold is $395,000

<h3>What is cost of goods sold?</h3>

Cost of Goods Sold (COGS) is what measure the direct cost incurred in the production of any goods or services.

The unadjusted cost of goods is computed as:

= Cost of goods manufactured - ( Ending finished goods -Beginning finished goods inventory )

= $410,000 - ( $125,000 - $110,000)

= $410,000 - $15,000

= $395,000

Hence, the unadjusted cost of goods sold is $395,000

Learn more about cost of goods sold here: brainly.com/question/18648409

#SPJ1

5 0
2 years ago
What are some of the troubles that could occur in the economy if inflation rate got as high as 8% or 10% per year?
andrezito [222]

Answer:

Some of the troubles that could occur in the economy if inflation rate get as high as 8% or 10% per year are:

1) Foreign investors will avoid the country.

2) Money losses value very fast causing an increase in the prices of goods and services.

3) The economy becomes unstable making the the government leaders to loose credibility.

Explanation:

The type of inflation that gets as high as 8% or 10% is called Galloping inflation.

Some of the troubles that could occur in the economy if inflation rate get as high as 8% or 10% per year are:

1) Foreign investors will avoid the country.

2) Money losses value very fast causing an increase in the prices of goods and services.

3) The economy becomes unstable making the the government leaders to loose credibility.

4 0
3 years ago
Joab wants to travel to Tacoma, Washington to climb Mt. Rainier and is trying to decide if he should drive or fly to the locatio
nadya68 [22]

Answer:

b. $10 per hour.

Explanation:

Joab wants to travel to Tacoma, Washington to climb Mt. Rainier and is trying to decide if he should drive or fly to the location. The flight to Washington would cost $500 and take 7 hours. Also if he flies, he would need to rent a car at an additional total cost of $300 (including gas) and drive an additional 3 hours total between the airport and the mountain. If Joab were to drive his Honda Civic from Tallahassee out to Mt. Rainier, the trip would take 50 hours and cost him $400. Other things constant, Joab would choose the flight plus rental car option if and only if the value of his time is at least $10 per hour.

6 0
3 years ago
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