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1 year ago

7

It is estimated that the annual maintenance cost of a statue erected in front of a public building in a state capital would be $

1,000. Assuming an interest rate of 4% year compounded monthly, determine the capitalized cost for maintaining the statue.

1 answer:

Over [174]1 year ago

3 0

Answer:

225558 jhdsyjnpgdsejnjide

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Helen is a U.S. citizen and a CPA who moved to London, England, three years ago to work for a British company. This year, she sp

True [87]

Answer and Explanation:

$102100 is the foreign earned income exclusion limit for 2017 , therefore Helen who is a U.S. citizen can exclude $102100 from gross income in the U.S.

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1 year ago

Consider a palletizer at a bottling plant that has a fi rst cost of $150,000, operating and maintenance costs of $17,500 per yea

pshichka [43]

Answer:

Annual equivalent cost of the investment = $30,603.43 per annum

Explanation:

<em>Equivalent Annual cost is the Present Value of the total cost over the investment period divided by the appropriate annuity factor.</em>

<em>Step 1 </em>

<em>PV of cash flows</em>

PV of first cost = 150,000

<em>PV of annual maintenance cost of $17,500</em>

= 17,500× (1-(1+0.08)^(-30))/0.08

= 197,011.21

<em>PV of salvage value</em>

$25,000 × (1+0.08)^(-30)

= 2,484.43

<em>PV of net total cost </em>

= 197,011.21 +150,000 - 2,484.43

= 344,526.78

Step 2

<em>Determine the annuity factor for 30 years at 8%</em>

(1-(1+0.08)^(-30))/0.08

=11.2577

Step 3

<em>Equivalent annual cost</em>

= 344,526.78 / 11.2577

<em> =$30,603.43</em>

Annual equivalent cost of the investment = $30,603.43 per annum

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2 years ago

Reck Corporation uses activity-based costing to assign overhead costs to products. Overhead costs have already been allocated to

madreJ [45]

Answer:

$17,867

Explanation:

The computation of the overhead cost assigned to Product V8 is shown below:

<u> (a) (b) (a × b) c (a × b × c) </u>

<u>Overhead Activity Overhead Driver ABC V8 V8 </u>

<u> driver amount quantity Rate Driver Overhead </u>

Maching

Costs Machine

Hours $11,700 10000 1.17 3100 3627

Order

filling No of orders $17,800 1000 17.8 800 14240

Total V8 overhead cost assigned is

= $3,627 + $14,240

= $17,867

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2 years ago

Which of the following environments will be LEAST conducive to fraud? a. Perceived inequalities in the organization and inadequa

egoroff_w [7]

Answer:

The answer is C. Proactive management

Explanation:

Proactive management looks ahead. They are not reactive. They envisage problems before it occurs. They institute or set up internal controls which will not be conducive to fraud. Internal controls like segregation of duty, dual control, authorization etc.

But in an organization where perceived inequalities are rife, employees will tend to play fast because they are not satisfied.

Also, when unreasonable budget are set by the management, employees tend to do all things possible to achieve this budget so as to keep their job. This breeds the thought of fraud.

High employee turnover too can lead to fraud because staffs know they wont stay too long.

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1 year ago

Assume the total cost of a college education will be $345,000 when your child enters college in 18 years. You presently have $73

mihalych1998 [28]

Answer:

annual rate of interest = 9.01 %

Explanation:

given data

future value = $345,000

present value = $73,000

time period = 18 years

to find out

annual rate of interest

solution

we get here annual rate of interest that is express as

annual rate of interest = $(\frac{future\ value}{present\ value})^{\frac{1}{t} }$ - 1 ..................................1

put here value and we get annual rate of interest that is

annual rate of interest = $(\frac{345000}{73000})^{\frac{1}{18} }$ - 1

annual rate of interest = 9.01 %

7 0

2 years ago