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sladkih [1.3K]
2 years ago
3

Sophie's current balance in her checking account is $125.89. What is the final balance after the above transactions were complet

ed?
Business
1 answer:
Len [333]2 years ago
4 0
Unfortunately, you failed to indicate in the problem the transactions that would have helped us in completing this task. However, on a general notes, add up all the transactions that would let Sophie gain money, name it x then add up all the transactions that would let her loss some money, name it y. The equation below should be able to help you in the process.
                     current balance = $125.89 + x - y
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Allen Construction purchased a crane 6 years ago for $130,000. They need a crane of this capacity for the next 5 years. Normal o
Korvikt [17]

Answer:

<u>For retaining of Old Machine Equipment</u>

Price of old equipment 3 yrs ago = $130,000

O & M cost per year = $35,000

Using the Cash flow approach

End of year   Cash flow 1   Old equipment

0                            $0            Initial Cash flow

1                         -$35,000     O & M cost per year

2                        -$35,000     O & M cost per year

3                        -$35,000     O & M cost per year

4                        -$35,000     O & M cost per year

5                        -$35,000     O & M cost per year

Hence, Annual worth = Initial cash flow + Annual cost

Annual worth = 0 - $35,000

Annual worth = -$35,000

<u>For buying of new equipment</u>

Cost of buying new crane = $150,000

Market value of old crane = $40,000

Time = 5 years

O & M cost per year = $8,000

Salvage value = $55,000

MARR = 20%

Using the Cash flow approach

End of year   Cash flow 1   New equipment

0                         $110,000    -$150,000 + $40,000

1                         -$8,000     O & M cost per year

2                        -$8,000     O & M cost per year

3                        -$8,000     O & M cost per year

4                        -$8,000     O & M cost per year

5                        $47,000     -$8,000 + $55,000

Annual worth = Initial cash flow + Annual cost + Salvage value

Annual worth = -$110,000(A/P 20%,5) - $8,000 + $55,000(A/P 20%,5)

Annual worth = -$110,000*(0.334) - $8,000 + $55,000*(0.134)

Annual worth = -$36,781.77 - $8,000 + $7,390.88

Annual worth = -$37,908.88

Conclusion: We should retain the old machine as it is more favorable than purchase of new equipment

5 0
2 years ago
A food worker develops a headache during her shift at work. What is she required to do ?
Greeley [361]
The answer is C report the symptom to her manager
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2 years ago
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A machine costing $212,600 with a four-year life and an estimated $17,000 salvage value is installed in Luther Company's factory
Ostrovityanka [42]

Answer:

Luther Company

Depreciation expense for each year:

a1) Straight line method:

= $195,600/4

= $48,900

a2) Total Depreciation = $195,600 ($48,900 x 4)

b1) Production unit method:

Depreciation rate = $195,600/ 489,000

= $0.40 per unit

Year 1 = 122,800 x $0.40 = $49,120

Year 2 = 122,900 x $0.40 = $49,160

Year 3 = 120,500 x $0.40 = $48,200

Year 4 = 132,800 x $0.40 = $53,120 but cannot exceed $49,120, so it equal to $49,120

a2) Total Depreciation = $195,600 ($49,120 + 49,160 + 48,200 + 49,120)

Explanation:

a) Data and Calculations:

Cost of machine = $212,600

Salvage value             17,000

Depreciable value $195,600

Useful life = 4 years

Estimated production unit = 489,000 units

b) Using the straight-line method, Luther Company depreciates the asset with the same amount of calculated depreciation.  This is calculated by dividing the depreciable amount of the asset by the number of years the asset will be put to use.  The production unit method uses an estimate of the total production units to divide the depreciable amount.  The depreciation rate obtained is applied to the number of units produced each year to ascertain the year's depreciation expense.

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2 years ago
On Dec. 15, 2018, Jack’s Tax Prep, a cash-method taxpayer, prepaid $5,000 worth of deductible interest on a business loan. The i
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Dubberly Corporation's cost formula for its manufacturing overhead is $31,600 per month plus $52 per machine-hour. For the month
Ganezh [65]

Answer:

The activity variance for manufacturing overhead in March would be closest to $6240

Explanation:

As per given Data

Total overheads = $31,600 + (Machine hours x $52)

Bu using this equation we will calculate the activity variance

Planned machine hours = 8,100 hours

Placing value in the formula

Planned Manufacturing overheads = $31,600 + ( 8,100 hours x $52 )

Planned Manufacturing overheads = $452,800

Actual machine hours = 7,980 hours

Applied Manufacturing overheads = $31,600 + ( 7,980 x $52 )

Applied Manufacturing overheads = $446,560

Activity Variance for manufacturing overhead = Planned Manufacturing overheads  - Applied Manufacturing overheads

Activity Variance for manufacturing overhead = $452,800 - $446,560 = $6,240

5 0
2 years ago
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