For each cost pool, identify an appropriate cost driver.

Decide whether the law should be interpreted to forbid motorcycles, bicycles, children's pedal cars, and battery-powered remote-

PilotLPTM [1.2K]

Answer:

1 motorcycles should be forbidden

2 bicycles should not be forbidden

3 children's pedal cars, and battery-powered remote-control cars should not be forbidden from pathways

Explanation:

1. motorcycle: these emit gases into the air that are not fit for the environment. apart from causing pollution, they are a source of noise pollution and they could cause accidents in the parks. therefore they should be banned.

2. bicycles: bicycles are manually powered, they should not be banned in the park because they are not a source of noise pollution and neither do they pollute the environment. riding a bicycle should be encouraged as it is a good way of keeping the body fit

3. children's pedal cars, and battery-powered remote-control cars: they should not be restricted because a recreational park is the best place for children to use them. they do not bring about harms to the environment or to people.

3 0

4 years ago

On January 1 of this year, Shannon Company completed the following transactions (assume a 10% annual interest rate): (FV of $1,

fredd [130]

Answer:

1. Amount to be paid at the end of three years (A) = $60,000

Rate of interest (r) = 10% = 0.10

Number of years (n) = 3 years.

Cost of truck that should be recorded at the time of purchase = A÷(1+r)n = 60,000÷(1+0.10)3 = 60,000÷1.13 = 60,000÷1.331 = $45,078

2. Annual payment (P) = 10,000

Number of years (n) = 3 years

Rate of interest (r) = 10% = 0.10

Present value of annual payment = P×[1-(1+r)-n]÷r = 10,000×[1-(1+0.10)-3]÷0.10 = 10,000×[1-1.1-3]÷0.10 = 10,000×[1-0.7513]÷0.10 = 10,000×0.2487÷0.10 = $24,870.

Single installment payment is $28,000 and the present value of $10,000 paid annually for 3 years is $24,870, which means annual payment for three years will be the better option because the present value is less than the single installment.

Pay in three installment will be the better option.

3. Amount at the end of 7 years (A) = $90,000

Number of years (n) = 7 years

Rates of interest (r) = 10% = 0.10

Single amount to be deposited in this account on January 1 of this year = A÷(1+r)n = 90,000÷(1+0.10)7 = 90,000÷1.17 = 90,000÷1.9487 = $46,184

4. Annual payment (P) = $40,000

Number of years (n) = 10 years

Rate of interest (r) = 10% = 0.10

Single sum to be deposited in the bank on January 1 of this year = P×[1-(1+r)-n]÷r = 40,000×[1-(1+0.10)-10]÷0.10 = 40,000×[1-1.1-10]÷0.10 = 40,000×[1-0.3855]÷0.10 = 40,000×0.6145÷0.10 = $245782.6842

7 0

3 years ago

Capalbo Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning o

aksik [14]

Answer:

Predetermined manufacturing overhead rate= $25.71 per direct labor hour

Explanation:

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

<u>Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base</u>

Predetermined manufacturing overhead rate= (1,192,360 / 52,000) + 2.78

Predetermined manufacturing overhead rate= 22.93 + 2.78

Predetermined manufacturing overhead rate= $25.71 per direct labor hour

8 0

3 years ago

The following trial balance was extracted from the books of Kalekeno, a sole trader, at 31st Dec2018:

vesna_86 [32]

Answer:

Stock DEC 31st 2017 23,680

Carriage outward 2,000

Carriage inwards 3,100

Returns 2050 3,220

Purchases and sales 118,740 186,000

Salaries and wages 38,620

Rent 3040

Insurance 780

Motor expenses 6,640

Office expenses 2160

Lighting and heating expenses 1,660

General expenses 3140

Premises 50,000

Motor vehicles 18,000

Fixtures and fittings 3,500

Debtors and creditors 38,960 17,310

Cash at bank 4820

Drawings 12,000

Capital 126,360

332,890 332,890

Additional information

i) Closing stock was valued at ksh 29,460 as at 30th June 2018

ii) Mr kalekeno took part of the stock amounting to ksh 3000 for personal use

iii) Salaries and wages amounting to ksh 8,000 were pre-paid and ksh 360 of motor expenses accrued

iv) Bad debts written off amounted to 860

v) Depreciation is to be provided for as follows:

 Premises at 20%

 Fixtures and fittings at 15%

 Motor vehicles at 25%

All of a above asset were depreciated at cost

a) The income statement for the year ended 30 th June 2018 ( 5marks)

b) The statement of financial position (5 Marks)

Explanation:

7 0

3 years ago

In calculating the unemployment rate, "discouraged" workers who are not actively seeking employment are:a. Excluded from the lab

murzikaleks [220]

Answer:

a. Excluded from the labor force

Explanation:

Labor force comprises people in active employment or those not employed but as actively seeking work. Active employment consists of employed, self-employed, and those engaged in economic activities for a profit. Unemployed are the jobless people actively seeking for work. Students, retired people, children, the aged, and those not working and not seeking work are not part of the labor force.

Discourage workers are a group of jobless workers who have given up the search for jobs. They are workers who, after failing to secure a job, have given-up; hence they are no-longer searching. Discouraged workers are not part of the labor force as they are not actively seeking work.

6 0

3 years ago