Chubbyville purchases a delivery van for $22,900. Chubbyville estimates a four-year service life and a residual value of $1,900. During the four-year period, the company expects to drive the van 107,000 miles. Calculate annual depreciation for the four-year life of the van using each of the following methods. 1. Straight-line. Depreciation expense 2. Double-declining-balance. (Round your depreciation rate to 2 decimal places. Round your final answers to the nearest whole dollar.) Year 1 2 3 4 Total $ 5,250 End of Year Amounts Depreciation Accumulated Expense Depreciation $ 0 Book Value 3. Actual miles driven each year were 18,000 miles in Year 1; 32,000 miles in Year 2; 22,000 miles in Year 3; and 26,000 miles in Year 4. Note that actual total miles of 98,000 fall short of expectations by 9,000 miles. Calculate annual depreciation for the four-year life of the van using activity-based. (Round your depreciation rate to 2 decimal places.) 3. Actual miles driven each year were 18,000 miles in Year 1; 32,000 miles in Year 2; 22,000 miles in Year 3; and 26,000 miles in Year 4. Note that actual total miles of 98,000 fall short of expectations by 9,000 miles. Calculate annual depreciation for the four-year life of the van using activity-based. (Round your depreciation rate to 2 decimal places.) Year 1 2 3 4 Total End of Year Amounts Depreciation Accumulated. Expense Depreciation $ 0 Book Value
Answers
Total depreciation fee over four years is $19,229.84
To calculate annual depreciation for the four-year existence of the van the usage of extraordinary strategies allows go through each technique step by step.
Straight-line Method:
Depreciation expense in line with yr = (Initial price - Residual cost) / Service existence
Depreciation expense in keeping with yr = ($22,900 - $1,900) / four
Depreciation rate in line with 12 months = $21,000 / 4
Depreciation fee per 12 months = $5,250
Double-declining-stability Method:
Depreciation price = 2 / Service lifestyles
Depreciation charge = 2 / 4
Depreciation charge = 0.50 or 50%
Year 1:
Depreciation cost = Book value at the beginning of the yr * Depreciation rate
Depreciation cost = $22,900 * 0.50
Depreciation cost = $11,450
Year 2:
Depreciation fee = (Book cost at the beginning of the year - Accumulated depreciation) * Depreciation charge
Depreciation cost = ($22,900 - $11,450) * 0.50
Depreciation expense = $5,725
Year 3:
Depreciation price = (Book price at the beginning of the yr - Accumulated depreciation) * Depreciation price
Depreciation cost = ($22,900 - $11,450 - $5,725) * 0.50
Depreciation expense = $2,862.50
Year four:
Depreciation price = (Book value at the beginning of the yr - Accumulated depreciation) * Depreciation price
Depreciation fee = ($22,900 - $eleven,450 - $5,725 - $2,862.50) * 0.50
Depreciation rate = $1,431.25
Total depreciation fee over 4 years = $11,450 + $5,725 + $2,862.50 + $1,431.25 = $21,468.75
Activity-based totally Method:
Depreciation charge in keeping with mile = (Initial price - Residual cost) / Expected general miles pushed
Depreciation price in step with mile = ($22,900 - $1,900) / 107,000
Depreciation fee consistent with mile = $21,000 / 107,000
Depreciation price in step with mile ≈ $0.1963
Year 1:
Depreciation fee = Actual miles pushed in Year 1 * Depreciation fee in line with mile
Depreciation cost = 18,000 * $0.1963
Depreciation cost ≈ $3,533
Year 2:
Depreciation expense = Actual miles pushed in Year 2 * Depreciation fee in line with mile
Depreciation expense = 32,000 * $0.1963
Depreciation price ≈ $6,281.60
Year three:
Depreciation rate = Actual miles driven in Year three * Depreciation price according to mile
Depreciation expense = 22,000 * $0.1963
Depreciation rate ≈ $4,319.86
Year four:
Depreciation rate = Actual miles pushed in Year 4 * Depreciation fee according to mile
Depreciation cost = 26,000 * $0.1963
Depreciation rate ≈ $5,1/2.38
Total depreciation fee over four years = $3,533 + $6,281.60 + $four,319.86 + $5,095.38 = $19,229.84
Please observe that rounding may additionally bring about slight differences inside the final values.
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Related Questions
Something that is
is able to be touched.
prestigious
relatable
tangible
a goal
Answers
Answer:
Tangible
Explanation:
Something that is tangible is able to be touched.
which statement is true regarding indirect costs? select one: a. not directly related to the products or services of a project. b. those that can be easily controlled by managers. c. directly related to performing the project. d. those that cannot be allocated to projects.
Answers
Indirect costs are not directly related to the products or services of a project. Indirect costs do not become the direct part of the product or services.
What are indirect costs?
Costs that are not directly attributable to a cost object are known as indirect costs (such as a particular project, facility, function or product). Indirect expenses can be be constant or variable, just as direct costs. Administration, staff, and security expenditures are examples of indirect costs. These are the expenses that aren't directly connected to manufacturing. Some overhead expenses may be indirect, while some overhead expenses can be immediately linked to a project and are therefore direct costs.
Indirect costs come in two different forms. One category is the fixed indirect expenses, which are constant for a given project or business and include things like worker transportation to the job site and the construction of makeshift roadways.
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What can a boosted post help an advertiser achieve?
Answers
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
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Lack of downtime negative or positive
Answers
What are healthcare cost estimates for a retired couple starting in 2030 and 2040?
pls help this is really important i don't want to fail
Answers
The healthcare cost that estimates for a retired couple starting in 2030 and 2040 is the $16·04 trillion and $24·24 trillion.
What is healthcare cost?Healthcare cost is defined as the actual expenditures of providing health-care services, such as procedures, drugs, and therapies.
According to the past trends and relationships, in 2030, the healthcare cost are $16·04 trillion and, in 2040, $24·24 trillion (20·47–29·72) will be spent on health.
In terms of per capita growth, this rises from $1279 in 2014 to $2872 (UI 2426–3522) in 2040, with an annualised rate of 30% (24%–38%).
Therefore, according to the estimations, the healthcare cost for 2030 is $16·04 trillion.
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Disadvantages of choosing a job that is extremely popular or in demand
Answers
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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A protocol stack is
another way of saying "network address"
O a set of supporting protocols in a series of layers
O the order of precedence in the transmission control protocol
O another way of saying "TCP/IP"
Answers
A protocol stack is: b. a set of supporting protocols in a series of layers.
What is protocol stack?A protocol stack refers to a set of communication protocols that are used together to facilitate communication between different devices on a network. The protocol stack is organized into different layers, with each layer responsible for a specific aspect of the communication process.
The layers in the protocol stack work together to ensure that data is transmitted reliably and efficiently across the network. Common examples of protocol stacks include the OSI model and the TCP/IP model.
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Which is NOT true about Customer Relationship Management (CRM) Select one the key to building tasting customer relationships is to create superior customer value and satisfaction Ob involves managing detailed information about individual customers and carefully managing customer touch coints in order to maximize customer at Oc satisfied customers are more likely to be loyal customers and give the company aerper share of their business d is not an important concept of modern marketing
Answers
The statement "d is not an important concept of modern marketing" is NOT true about Customer Relationship Management (CRM).
CRM is indeed an important concept in modern marketing. It focuses on building lasting customer relationships by creating superior customer value and satisfaction (a). It involves managing detailed information about individual customers and carefully managing customer touchpoints to maximize customer satisfaction (b). Satisfied customers are more likely to be loyal customers and give the company a larger share of their business (c). Therefore, all the other options are true statements about CRM, emphasizing its significance in developing and maintaining strong customer relationships.
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The impact of Furman v. Georgia (1972) was that states had to
promise to use the death penalty only with approval from the Supreme Court.
throw out the old Miranda warning and write a new one.
agree to throw out all state laws regarding crime and impose national standards.
create clear standards to be applied fairly before imposing the death penalty.
Answers
Answer: D.create clear standards to be applied fairly before imposing the death penalty.
Explanation: The answer it's right there
The impact of Furman v. Georgia (1972) was that states had to
create clear standards to be applied fairly before imposing the death penalty.The Furman v. Georgia caseThis was a case that had to do with the cruel and the unusual way that people faced in the death penalty.
The case ruled that the death penalty was unconstitutional if it was applied in a discriminatory way.
It ruled that the eight amendment was being violated if used in this way.
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an outline can help you organize your message by making sure that all of your main points are well developed.
Answers
It holds completely appropriate and factually correct to mention that messages can be organized by an outline, as it makes sure that all the main points on the messages have been well-developed. Therefore, the statement given above holds true.
An outline can be referred to or considered as the literary tool that helps in sequential organization of the composition in such a manner that the work of the author becomes more presentable and appealing to be read. It is generally in relation to the draft of the composition, before the final composition is actually finalized by the author.
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Who do you think will win the Election
A( Trump
B( Biden
Answers
Answer:
B. Biden
he won the election
Career outlook information that predicts growth in an industry indicates the industry will _____ the number of individuals it employs.
maintain
eliminate
decrease
increase
Answers
Answer:
maintain
Explanation:
im always right
Answer: increase
taking test on edge
Krishna is 56 years old; he has contributed to the CPP without interruption for over 30 years. While crossing the street, Krishna was struck by a bus and seriously injured. He is currently hospitalized and on life support and his doctors have informed Krishna's family that it is uncertain as to whether he will awaken from his coma. Assuming at the time of his accident, Krishna was entitled to a CPP retirement benefit of $660, the flat-rate disability amount is $496.36 per month and the maximum monthly disability benefit is $1362.30, how much of a disability benefit will Krishna receive under the CPP? a) 50 b) $865.94 C) $991.36 d) $1156.36
Answers
Option(A) is the correct answer. Krishna will receive a disability benefit of $660 under the CPP.
To determine the disability benefit that Krishna will receive under the CPP, we need to consider a few factors. First, let's calculate the disability benefit based on the provided information:
The flat-rate disability amount is $496.36 per month.
The maximum monthly disability benefit is $1362.30.
Krishna's entitlement to a CPP retirement benefit is $660 per month.
To calculate the disability benefit, we compare the retirement benefit to the flat-rate disability amount and the maximum monthly disability benefit:
The disability benefit will be the lesser of:
The retirement benefit ($660)The flat-rate disability amount ($496.36) plus the retirement benefit minus the flat-rate disability amount.Let's calculate the disability benefit based on the above formula:
Disability benefit = min(retirement benefit, flat-rate disability amount + retirement benefit - flat-rate disability amount)
= min($660, $496.36 + $660 - $496.36)
= min($660, $660)
= $660
Therefore, Krishna will receive a disability benefit of $660 under the CPP.
Option (a) 50, option (b) $865.94, option (c) $991.36, and option (d) $1156.36 are not correct based on the given information. The correct answer is that Krishna will receive a disability benefit of $660 under the CPP.
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Krishna is 56 years old; he has contributed to the CPP without interruption for over 30 years. While crossing the street, Krishna was struck by a bus and seriously injured. He is currently hospitalized and on life support and his doctors have informed Krishna's family that it is uncertain as to whether he will awaken from his coma. Assuming at the time of his accident, Krishna was entitled to a CPP retirement benefit of $660, the flat-rate disability amount is $496.36 per month and the maximum monthly disability benefit is $1362.30, how much of a disability benefit will Krishna receive under the CPP? a) $660 b) $865.94 C) $991.36 d) $1156.36
A callable bond:
A. would usually have a lower yield than a similar non-callable bond.
B. is attractive to the buyer because the immediate receipt of principal and premium usually produces a higher return.
C. is more apt to be called when interest rates are high because the interest savings will be greater.
D. generally has a higher credit rating than a similar non-callable bond.
E. is attractive to the issuer because it allows the issuer to prepay outstanding debt if new debt can be issued at lower rates.
Answers
Answer:
cookies
Explanation:
no reason
Outline six uses of computer
.
Answers
I have given many options
Sally earns $3200 per month. If 6.2% is withheld for Social Security and 1.45% is withheld for Medicare, how much is withheld for FICA tax each month? Round your answer to the nearest cent, such as: $328.13.
Answers
Answer:
$244.8
Explanation:
Calculation for how much is withheld for FICA tax each month
FICA tax =($3200 per month*Social Security 6.2%)+($3200 per month*Medicare 1.45%)
FICA tax =$198.4+$46.4
FICA tax =$244.8
Therefore how much is withheld for FICA tax each month is $244.8
Why do competitive markets move toward equilibrium?
Answers
Drag the tiles to the boxes to form correct pairs.
Match the different. brainstorming techniques to their applications
Answers
Note that the Brainstorming Techniques matched to one another are given as follows:
Clustering - connecting ideas for a topic using different shapes and color-coding to identify how the ideas are relatedThree perspectives - describing the topic, tracing its history, and examining its connections with related topicsFreewriting - writing down first thoughts on a topic in a timed session. without pausing to check for relevance or grammarWhat are brainstorming techniques?The most essential thing to remember with any approach of brainstorming is to prioritize quantity above quality. Accepting all ideas, no matter how ridiculous or unimportant they may appear, aids brainstorming.
The aim is to establish a large enough pool of ideas from which to draw or combine ideas for the best solution or approach.
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Yolanda, an account manager, sets her own work schedule and decides which tasks are priorities that will help meet her goals. Yolanda’s job has a high level of autonomy.
Answers
This is true because Yolanda's organization gives her a high level of job autonomy by allowing her sets her own work schedule and decides which tasks are priorities that will help meet her goals.
What is job autonomy?Job autonomy in management is when employees in an organization are allowed great deal of freedom to make choices in the work place.
A manager who grants an employee autonomy generally outlines the goal of a project but allows the employee to decide the best way to achieve that goal.
Hence, this is true because Yolanda's organization gives her a high level of job autonomy by allowing her sets her own work schedule and decides which tasks are priorities that will help meet her goals.
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Stephen owns a chemical plant. He is glad that his primary stakeholders are satisfied with the company's growth. However, he is concerned about pleasing the secondary stakeholders. How can he ensure the welfare of secondary stakeholders?
Answers
Answer: D. use a manufacturing process that is compliant with all state and federal regulations.
Explanation:
The options to the question are:
a. pay less taxes
b. substitute the existing labor power with machines
c. double the output of the manufacturing process by asking workers to work overtime
d. use a manufacturing process that is compliant with all state and federal regulations
e. organize picnics for employees
Since Stephen wants to ensure the welfare of secondary stakeholders, he should use a manufacturing process that is compliant with all state and federal regulations
The secondary stakeholders are the individuals or entities that the company doesn't have direct economic transactions with e.g. the government, environmental groups, media etc.
Therefore, to please the secondary stakeholders, he must abide to the necessary rules and regulations.
What's the main reason to use a personal budget?
O A. To keep costs below benefits
O B. To stay out of debt
C. To appropriate discretionary funds
O D. To maximize investment returns
Answers
Answer: B, stay out of debt
Explanation: A budget reveals areas where you're spending too much money so you can refocus on your most important goals. A budget can keep you out of debt or help you get out of debt. A budget actually creates extra money for you to do use on things that matter to you.
a
3 Discuss a method that a business owner may use to reduce
the level of risk in the running of their business.
Answers
Answer:
Know the law. ...
Document everything important. ...
Hire significant employees. ...
Build your reputation. ...
Protect your data.
here are some ways
5. Assume a project where all possible payments including the retention are due one month after the project is over. For this project, the total amount of cash generated after payment is received from the owner one month after the project is over will be equal to _____________________________________________
Answers
The total amount of cash generated after payment is received from the owner one month after the project is over will be the sum of all the payments due, including the retention.
For this project, the total amount of cash generated after payment is received from the owner one month after the project is over will be equal to the sum of all the payments, including the retention, that are due one month after the project's completion.
Let's break it down step by step:
1. Determine the total amount of payments due one month after the project is over. This includes all payments that need to be made, such as for materials, labor, and any other expenses.
2. Add the retention amount to the total. Retention is a portion of the payment that is withheld until the project is completed to the owner's satisfaction. Once the project is finished, the owner releases this retained amount.
3. Once the project is completed, wait for one month for the payment to be received from the owner.
4. The total amount of cash generated after payment is received from the owner one month after the project is over will be the sum of all the payments due, including the retention.
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how
can recovery from a service failure be a blessing in disguise
Answers
Recovery from a service failure can be a blessing in disguise as it can help a business to improve customer satisfaction and loyalty. When a business successfully addresses a service failure, it can actually turn a dissatisfied customer into a loyal customer.
The recovery process presents an opportunity for the business to make things right and show customers that it cares about their experience. If handled correctly, recovery can even increase customer loyalty and satisfaction. Here's how:
1. Improved customer satisfaction and loyalty: If a business can effectively address a service failure and turn it around for the customer, the customer will likely be impressed by the company's efforts and may even become more loyal as a result.
2. Increased word-of-mouth advertising: Satisfied customers are more likely to share their positive experiences with friends and family. This can result in increased word-of-mouth advertising for the business.
3. Improved reputation: Addressing a service failure can help a business improve its reputation. By showing that it cares about its customers and takes responsibility for mistakes, the business can build trust and respect.
4. Learning opportunity: Service failures provide an opportunity for a business to learn from its mistakes and make improvements to prevent similar failures in the future.
5. Competitive advantage: A business that handles service failures well can gain a competitive advantage over its rivals. Customers are more likely to stick with a business that they know will make things right if something goes wrong.
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Debbie owns a small bakery and can hire workers to produce snack cakes selling in a competitive output market at $10 each. If Debbie must pay each worker a competitive market wage of $40 per day, how many workers will she hire to maximize profit
Answers
Based on the selling price and market wage rate, the number of workers she should hire to maximize profit is 5 workers.
What is the profit maximizing quantity?This is the point where the Marginal revenue will be equal to the marginal cost which is the wage rate of $40 in this scenario.
Revenue at various labor quantities4 workers: 5 workers
= 21 units x 10 per unit = 25 x 10
= $210 = $250
Marginal Revenue at 5 workers= Revenue at 5 workers - Revenue at 4 workers
= 250 - 210
= $40
This is equal to the marginal cost so 5 workers is the profit maximizing quantity.
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any unexpected downtime in today's business environment has the potential to cause both short- and long-term costs with far-reaching consequences. which of the following is not one of the costs of downtime identified in the textbook
Answers
Artificially inflated ROI is not one of the costs of downtime identified in the textbook. Option A is correct.
The measure of return that takes into account the rate of inflation during the time period is called the inflation-adjusted return. The inflation-adjusted return metric reveals an investment's return after inflation effects have been removed.
A high return for money invested implies the speculation's benefits contrast well with its expense. As an exhibition measure, return for money invested is utilized to assess the productivity of a venture or to look at the efficiencies of a few unique speculations. In financial terms, it is one approach to relating benefits to capital contributed.
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Incomplete Question:
Any unexpected downtime in today's business environment has the potential to cause both short- and long-term costs with far-reaching consequences. Which of the following is not one of the costs of downtime identified in the textbook?
a) Artificially inflated ROI
b) Damaged reputation with banks
c) Lost future revenue
d) Overtime costs
How can we apply accounting and bookkeeping in our daily lives?
Answers
Define a Small Scale Enterprise as per ‘MSMED Act, 2006’.
Answers
Explanation:
the Government of India has in acted, small and medium enterprises development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises is an enterprise where the investment in plant and machinery is more than rate 25 lakh but does not exceed rate.
In which market would a producer sell bicycles to consumers?
Answers
In the markets for goods and services, a producer would sell his bike for purchase by customers.
What is the market for goods and services?Consumers buy consumables on the products and services market, and firms sell their commodities there. The market encompasses physical stores, the Internet, and any other location where consumers can exchange products and services.
The trading of finished goods takes place here. Businesses receive payment from customers in exchange for goods. The consumer gives money to the business in a flow. In contrast to this, enterprises can buy the materials they need on the factor market to make an item.
The rule of supply and demand governs how much is produced and at what price in the market for products and services.
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Select the best answer for the question.
2. Which functional area in a retail store usually manages the on-site revenue generation, administration, and reports on the center's expenses?
O A. Finance
O B. Information Technology (IT)
C. Human Resources
O D. Visual Merchandising
Answers
Answer:
Human resources
Explanation: